InvestorsHub Logo
Followers 92
Posts 3703
Boards Moderated 0
Alias Born 12/21/2017

Re: KeithPB50 post# 31690

Tuesday, 06/08/2021 9:09:58 PM

Tuesday, June 08, 2021 9:09:58 PM

Post# of 172994
No, that’s not it. The only selling being done here is by other holders of the security. George tweeted that he owns shares, and that it was a stipulation required by NV regulations in order for him to petition the court for custodianship. He stated that he was revealing this information because, “we would find out anyway.” That is true. As soon as he went to court, we would have found out. He also warned us that trading this stock was very high risk and that there was a chance he would not like what he finds. His name is not officially attached to it on otc markets for a reason. He won’t officially take control until he can verify that it’s clean. I doubt he would dump his shares, but he might be acquiring more. I think there’s a loophole here. He obviously owns less than a reportable amount, but I have seen investors reveal their holdings in other stocks even when not required to. Do we know how many shares George holds? If not why not? He could let us know with an 8k, but has chosen not to do so. I get the feeling that he really doesn’t like penny traders very much, although we are the ones that ultimately are the heart of his business. In all my years of trading this is one of the most interesting and crazy plays I’ve seen. I have no doubt that George is abiding by the rules, but like the problems caused by the New England Patriots, the Oakland Raiders or the Pittsburgh Steelers, there will probably be a new rule passed in the future to deal with this unique situation.