That would be illegal. It would be securities fraud. The problem is proving the intention. Conversely, it would be difficult for those involved to prove that wasn't the intention. Filings would not have been extremely expensive in the grand scheme of things given UOIP is a shell with no revenues, and in light of the money raised with dilution of more than 600 million shares.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.