Wait a minute…., this is the only clown to get arrested in this almost brilliant scam? What about the investment bankers who financed the whole thing? You would think some culpability instead of greedy gullibility. They just buried the problem (fraud technology) and all responsibilities behind the curtain with the bad man.
Yes, the technology, “the fraud” was the size of an F***ing truck! That’s what the headlines should look like in all the leading publications today. Even the SEC, it took them a year for charges. Remember the SEC work on fines and fees so you’d think this would have been brought to justice a hell of a lot sooner then, now. Especially when there’s only $2.25 worth of liquid assets left.
The hydrogen energy scams has been around a long time. I once saw one called Ecotality back in 2006. Even Obama got burned $300M with taxpayers money on that one. All the same story about hydrogen on demand, all made up. The only reason this stock is still trading is because of the bankers. This should have been put out of its misery the day after the fraud was discovered. All they want is to do is…keep distant from themselves and Trevor Milton and pretend there’s still intrinsic + cash value. Cash, yes but intrinsic is DOA. It’s a stupid value by pretending there’s still big upside in a battery deal. They wouldn’t have done this deal with their “SPEC” if it were just a battery deal, now-way. So, time to liquidate. He’s a couple of ways to do it. 1. Give back to everyone who owned stock on the day of discovery of the fraud, the cash liquid value minus expenses (non-management or partnered relationships) expenses that is or 2. do it like the IRS would value this deal. They’d value it, at a stock price at time of discovery, what $55 a share, I forget? Which makes more sense, but in this case you can’t get more than what is there. Unless, you could prove the banksters knew?
