Namliong SkyCosmos Inc (NLSC): That is correct, Wong's shares are c...

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Re: Stooges post# 4279

Thursday, 08/22/2019 1:24:54 PM

Thursday, August 22, 2019 1:24:54 PM

That is correct, Wong's shares are common just like ours.

Despite the 14c saying they have no plans to issue more shares into the OS, I suppose they could do the RS and then turn around and give him a 100M post-split shares as "compensation." That would definitely cause them regulatory problems since they said, in an SEC-filed document, that they wouldn't do that.

The way these guys have run this so far makes me hopeful that they would not risk trouble with the SEC and shareholder lawsuits. Usually on the OTC lawsuits never happen because it isn't cost-effective for the plaintiff.

In the case of KRBF, the value of the companies we think are merging in will make lawsuits a real thing if Wong does something really slimy. We are shareholders and they have a fiduciary duty to us.

See here: ]https://www.nolo.com/legal-encyclopedia/fiduciary-responsibility-corporations.html

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