Monday, December 21, 2020 12:28:07 PM
The Berman case is different.
The CEO made claims that a product existed and was going to be approved while there never ever was a product.
Mark Kay cannot disclose a stock event like a reverse split.
In fact and in truth he must deny it.
If he were to tell a investor or a group of investors that one was coming that’s insider information and of course the stock would suffer.
I’m not making this stuff up.
If you asked Mark Kay if he’s planning a reverse split he would have to deny it.
He’s actually following the letter of the law in doing so.
So many people asked him if there was going to be one days and weeks and months ahead of the reverse split and he told them no. He told them no because he had to.
I read one poster who felt immediately betrayed because he’d felt like he’d gotten to know Mark and trusted him.
He asked him about a reverse split and Mark said no. I think it was the following Friday of the same week that SFOR announced a reverse split.
That long term bull over on the other board is now a rampant SFOR basher.
It’s literally like this:
When you control all of the voting power of a publicly held stock you can go to bed one night saying no reverse split and wake up the next morning and vote for a reverse split before your first cup of coffee.
Telling traders there is no reverse split when you can change opinion because you control the stock is not a crime.
You don’t have to take my word for it.
SFOR has been around 20 years.
They’ve done 6 reverse splits in 6 years.
Mark Kay has had sole voting power.
The SEC has yet to successfully charge him and neither has the DOJ.
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