Toxic Funders

[JT1962]

TRITON FUNDS LP is provides toxic equity line of credit provider which are illegal as they are not registered but are acting as an underwriter. This is the same illegal activity that SEC prosecuted Murchison for. Jeff Colombo at White Lion Capital, LLC spun out out of Triton Funds LP and he engages in the same illegal activity.


TRITON FUNDS LP is incentivized to sell at the lowest price
Triton Funds conversion formula on their illegal equity line agreement is 90% of the lowest price of the Common Stock ten Business Days prior to the Closing.
But Triton is tricky, they define closing as:
“Closing” shall mean a date that is no later than five (5) Business Days after the Purchase Notice Date. This means Triton receives and can sell the stock and during these 5 days and they are incentivized to sell hard to get the price low so they can get a 10% discount off of the lowest price so they can buy the stock at a larger overall discount. This is also illegal price manipulation.
The equity line agreement says TRITON FUNDS LP is acting as an underwriter, but they are not registered as a broker or underwriter, so the way they are acting is illegal.
The SEC just successfully prosecuted a fund just like TRITON FUNDS LP call Murchison finding their equity line was illegal as they were not registered as brokers.

See https://www.sec.gov/litigation/admin/2021/34-92684.pdf