mPhase Technologies Inc (XDSL)

[GermanCol]

Unfortunately, is not only that. After diluting shareholders to death and destroying all of the company Market Value, he changed his more than 37 million warrants post RS for free shares. He should have paid US$0.5 per share according to the agreements (that is US$18.5 million), but paid NOTHING and now owns around 50% of the OS. What a crook.

And he made it look like it was for the benefit of the company as you can all see below from the 8-K filing. Shameless crook. That is so dishonest. He is the board of directors, so he made a new agreement with himself to change his warrants for free shares. It would be great to hear an opinion from a lawyer about the legality of this.




https://www.otcmarkets.com/filing/html?id=14277338&guid=lZbKUq2e-NCnp3h

Full disclosure, I own shares of XDSL and of his other company and I think he is going to do the same there. Don't know what I'm going to do.