thats the thing about lawsuits most people dont understand. they are expensive by design and geared towards the attorneys. it is a coordinated dance to extract as many fees/billable hours as possible. and if you DO win - there are more fees, time, headaches and costs to actually COLLECT assuming the entity that loss IS collectable. the scams run on pink sheets and OTCs all understand these metrics implicitly as well as knowing they can skirt around the edges of the SEC with respect to manipulation/fiduciary responsibility as long as they do not be come "too big" and risk being made an example out of. so - these scams are relatively easy to create and perpetuate.
now - is HCTI a scam? getting harder and harder argue the company did NOT intentionally mislead investors and keep "hope alive" while diverting funds, monies, assets, resources for self serving interests. i have commented before on here - just because you tell investors in a filing there are competing interests/biases in your actions does NOT relieve officers from basic fiduciary responsibilities of protecting/enhancing shareholder value. you cant tell someone before you robbed them that you are going to and then tell the judge at trial they were given full notice ahead of time. if shareholders DO believe they have been manipulated - first thing to do is file a report with the SEC and provide a detailed summary of the claims the company made, conflicting information/reports, apparent manipulation that occurred, and current paper losses. the more losses associated with an individual company/officer - the higher profile it becomes for the enforcement division to investigate and follow up. they have limited resources and time like everyone else so they go after the bigger fish hard and heavy to make an example out of them to deter everyone else. every once in awhile, they will take out small guys as well just to try and further deter those who think they arent high profile enough.
at this point, there is nothing the company is doing to show it is a functioning company or aligned with the shareholders. that in of itself is actionable as a civil complaint. if they are legit and just not dedicating time to keeping shareholders informed - those holding 5BB shares as a group should have a heart to heart with them and let them know the masses are clanging on the gates outside. it does the company nor shareholders any good for the company to waste MORE time and money fighting lawsuits/responding to SEC inquiries if they are legit and just not focused on that side of the business. it IS imperative to keep shareholders involved/up to date.
AI
