Hybrid Coating Technologies Inc (fka HCTI)

[thesmalls]

rclarke - the simplest and most damning thing is the complete breach of fidcluciary responsibility. The BOD and upper mgmt are officers in a public company to specifically PREVENT shareholders from getting fleeced. The "tortured language" in the filings in essence telling shareholders not to trust mgmt does NOT negate the underying breach of responsibility. Tht is why the fiduciary exists. In civil court - one only has to be 51% right to win. Completely different than criminal.

Shapei - if those folks have 700-900MM shares - surely they are pissed and have the financial means to have the conversation with the attorney. Not liking them is not a reason to be bent over. If nothing else - every shareholder should be filing a complaint with the SEC and using those in mgmt as examples of fraud/deceipt in their shareholder letters, public releases, etc. As an example - WHAT were they doing to get current on filings early in 2018 when they committed to it. If they cant show anything to back that up - it is fraudlent. Furthermore - the pattern established certainly could meet the threshold for material breach which is actionable in civil court when fraud is involved. Imcompetence is somewhat protected but fraud is not.