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Alias Born | 06/19/2019 |
Wednesday, September 18, 2019 10:33:43 AM
He makes 8% for every dollar raised, that's from the company. He then looks at how positive or negative the trade was for the stockholder and decides "on the fly" what to charge. I've made money off GBLX but it was like pulling teeth. When we ran up to $1.25 in January 2018 I sold the last 1/3 of my series 144 shares having sold the other 2/3 in 2 tranche's, 500,000 @ $.40 and 500,000 @ $.50 so I was already up $150k. I waited until just after the first to defer the long term cap gains taxes for a year. I specifically told him, sell for no less than $1.03 so I could clear $.80 a share knowing he'd be a gonif about it. The stock ran high that day and I was very specific telling him I don't care what you make. Just sell my remaining 500,000 shares. and insure I clear $400,000.00 profit considering I had been holding them since October 2016. Even though the stock ran above $1.10 that day and multiple million shares were sold upon clearance he still shorted me $500.00 bucks. Not a big deal money wise but it speaks to the character of the man or lack thereof. This isn't my first private placement deal by far but it's the last I'll ever do with Net1. Have you seen their FINRA book? Page after page of violations, fines and Damon himself even was hit with a 6 month suspension and $250,000.00 fine. Plus this is the only Private Placement deal I've done where after the Cert's were cleared I was forced to sell via Net1 allowing him to charge whatever he chooses based upon how well the investor did on the deal. In the past with other companies I've had my Cert's cleared and issued to me allowing me to deposit them in my TD Account and sell what I want when I want at $4.95 per trade, not 2%, 3%, or even 4%. He saw I was making $400k on that sale and just decided HE deserved an extra $500.00 bucks with no consideration about the potential next deal. I told Bill yesterday, " Why would I buy from you at $.10 when I can buy off the float for less and not be shook down when I sell." It wasn't even Net1 that brought me the deal, it was a friend of Craig Ellins. Take a look at their FINRA Book if you want to see something really disgusting.
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