Monday, February 18, 2019 12:40:05 PM
Here’s a quote from WRFX End of Year Newsletter:
2018 was the year of hard lessons starting with the reality of our past debts. During our learning curve, serial egregious agreements with lenders pounded our stock. The ?Phoenix Fund Management, LLC supported by highly irregular practices of our transfer agent ?Pacific Stock Transfer Company? resulted in millions of dollars of uncontrolled dilution in our market taking the stock price down from a 2017 high of 0.0024 to a low of 0.0003. Despite hours of a request to cure defects, demand letters and paying for legal advice – we were unable to stop their bad acts without a costly court order.
We terminated ?Pacific Stock Transfer Company? for cause on the last day of October. They still converted 600 million shares 30 days after we directed them to no longer act on our behalf.
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