Thursday, June 28, 2018 12:39:11 PM
Apr. 23, 2018 at 10:00 a.m. ET on Seeking Alpha
Isodiol's management has a colorful history of affiliation with alleged pyramid and Ponzi schemes, as well as run-ins with the SEC and FDA.
The brother of Isodiol’s chairman has received almost 20 million shares of Isodiol in the form of consulting and finder’s fees, but this is hidden through a numbered company.
Jared Berry appears to be selling multiple entities to Isodiol, yet full disclosure is lacking. He did the same at MJNA.
Isodiol employs at least eight ex-MJNA employees and is following that company’s playbook of being a serial acquirer of other companies. MJNA now has 1.8 billion shares outstanding.
Isodiol’s basic shares have ballooned to ~320M from 58M a year ago (5x!). It’s uncertain if acquisitions are truly at arm's length or if related parties are benefiting.
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