Tuesday, June 11, 2019 12:06:43 PM
IFLM - you might want to check out Jake's twitter page
He obviously isn't working with Jeff Ritchie. He makes it clear his goal is to take over control of the IFLM shell through hostile means by voting Ritchie out of power.
https://twitter.com/ProMusicRights
(screen shot at the bottom of this post).
The four main issues with this whole thing are
1) If Jake P Noch ever gets an actual shareholder list he is going to be shocked to see that IFLM has well over 3 billion shares outstanding and the number has problem grown the past few days as some of that massive pile of toxic debt on the IFLM balance sheet has gotten converted into free trading stock and dumped into the market during this recent pump & dump action.
His 281m shares is most likely less than 10% so if his goal is to own 50% of the commons he'll need to buy approximately 1.3 billion - 1.5 billion more shares
2) Jake has made it clear that he is trying to become a control person so if his affiliation status was at all in question in the past, it is no longer in question now. And as an affiliate/control person/10% owner his stock becomes restricted.
3) What Jake is doing on twitter could be argued to be stock manipulation especially if he doesn't follow through with what he has said (holding a shareholder meeting) and ends up selling any of the stock he owned while posting information on social media.
He definitely has no problem with serving koolaid to the pumpers to pass out to their followers.
Stock manipulation seems to come natural to Jake after he pumped VNUE through some bogus agreement between VNUE and Pro Music Rights then pulled out of the deal after he had dumped all of his VNUE stock.
4) Jake still seems clueless in thinking any amount of common shares can outvote the super voting rights of the preferred stock owned by Jeff Ritchie.
He obviously isn't working with Jeff Ritchie. He makes it clear his goal is to take over control of the IFLM shell through hostile means by voting Ritchie out of power.
https://twitter.com/ProMusicRights
(screen shot at the bottom of this post).
The four main issues with this whole thing are
1) If Jake P Noch ever gets an actual shareholder list he is going to be shocked to see that IFLM has well over 3 billion shares outstanding and the number has problem grown the past few days as some of that massive pile of toxic debt on the IFLM balance sheet has gotten converted into free trading stock and dumped into the market during this recent pump & dump action.
His 281m shares is most likely less than 10% so if his goal is to own 50% of the commons he'll need to buy approximately 1.3 billion - 1.5 billion more shares
2) Jake has made it clear that he is trying to become a control person so if his affiliation status was at all in question in the past, it is no longer in question now. And as an affiliate/control person/10% owner his stock becomes restricted.
3) What Jake is doing on twitter could be argued to be stock manipulation especially if he doesn't follow through with what he has said (holding a shareholder meeting) and ends up selling any of the stock he owned while posting information on social media.
He definitely has no problem with serving koolaid to the pumpers to pass out to their followers.
Stock manipulation seems to come natural to Jake after he pumped VNUE through some bogus agreement between VNUE and Pro Music Rights then pulled out of the deal after he had dumped all of his VNUE stock.
4) Jake still seems clueless in thinking any amount of common shares can outvote the super voting rights of the preferred stock owned by Jeff Ritchie.
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