OriginClear Inc (OCLN)

[Oxonius]

I had to laugh when I heard the new "CFO's" approach to Equity Administration! Most people who have proper financial training, and fully subscribe to compliance and transparency, would respond to the horrors of this Ponzi-company by seeking to simplify the capital structure and associated equity administration. Nope, he thinks the best option is to invest what will be a substantial sum in software to automate all the manual processes!

Good news for the software vendor and the programming team (who will surely shudder when they encounter the 10-K and its attachments) but not good news for shareholders. Publishing 20,000+ words and schedules on dozens of money-raising schemes does not equal "transparency" in my humble opinion.

In any case, once the "CFO" actually starts to tackle real reporting and compliance processes, he will face the largest conflict of interest of his career. I'm betting that he won't be bullied by the Scientologist and there will be a mutual decision to part ways sometime in the next several months. At least he won't end up in jail or getting kneecapped by conned investors.