12/4/18 I ALERTED folks WEYL $WEYL that the "sale" was coming to an end. Tic Toc
I take investment in any security very very seriously. The markets are rigged and only very rarely does an individual investor have a chance to truly "make money".
Before I dropped a dime into WEYL I first made fun of my good friends whom sold NWBO to invest in a short squeeze. I said literally "don't chase unicorns" thats insane! NOTE These friends are not stupid people ALL high level CTOs CEOs IT directors oncology surgeons M&A attorneys etc.
For my own knowledge I began researching EVERYONE involved in this company from the attorney group whom crafted the spin off dividend to rogue Twitter posters such as DAMs. I spent weeks understanding everything I could about Fintech, ewallet, white lable APP etc. I lastly interviewed CEO Brent Suen and was beyond impressed, Brent is literally unique he's a genius and very very dialed in to the world. Thats a rare combination, I've known many CEOs and genius's MOST have no "street sense or common sense' Brent exudes both, to say Im impressed with him is an understatement. I'm invested for the future $WEYL not a short squeeze. If one happens I'll sell and buy back double.
So I will say to EVERYONE listening, WEYL is an investment that is grossly UNDERVALUED. WHY it is undervalued is not my problem BUT it appears there is a BIG PROBLEM for many brokers banks.
Today the tide has turned for investors in Weylandtech. Here is a letter from a friend I thought all naked shorts and LONGs would appreciate.
Chris LaCoursiere
Paul M. Waldman, General Counsel and Chief Compliance Officer, Celadon Financial Group LLC.
On November 24, 2018 you strongly suggested that I should express my concerns about your firm's questionable market activity in Weyland Tech (WEYL) to the SEC. I decided to take your advice except that I wrote a letter to FINRA. I asked Yvonne Huber, Vice President of Market Regulation, to investigate your firms activities in WEYL during the November 16-21st period.
A further review of the daily activity in WEYL, since the letter to FINRA, reveals that Celadon has accelerated its execution of short orders. In addition, crosses continue to be effected at or slightly after the close of trading. The volume in each cross approximates the total number of shares your firm sold during each trading session. If Celadon Financial was on the buy side of the crosses it would enable the firm to end each trading session with little or no position in WEYL. It would also raise serious questions about your firm's adherence to the "know your customer" rules adopted by FINRA and the SEC. Did Celadon Financial know that the shares they executed for the short seller would result in FTD's? If not, why would your firm participate in the daily crosses instead of waiting for the delivery of the shares you sold through the settlement process. The daily short orders received by Celadon Financial, along with a couple of other firms, were not designed to achieve the highest price possible. Instead they were designed and executed in a manner to continually drive the share price down. One of the many examples: At 11:12 am on December 4th the last sale was 1.00 and your firm was only offering 100 shares at 1.01. The next offer was 100 shares at 1.04. During the next two minutes there were 21 trades all executed at 1.01. The trades involved buy orders totaling 11,200 shares. Following the executions your firm was still offering 100 shares at 1.01.
It would serve no useful purpose for you to contact Weyland Tech again. I am not a employee or a consultant with the company. I represent a significant number of shareholders who all share the views that I have expressed in this e-mail.
I will ask FINRA to extend its investigation up to and including December 4, 2018.
Tony Forte
December 5, 2018
