Toxic Funders

[JT1962]

TRITON FUNDS LP and White Lion Capital, LLC (Jeff Colombo is the CEO of White Lion)818.217.1706, [e-mail]

The SEC just successfully prosecuted a fund just like TRITON FUNDS LP and White Lion Capital, 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
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.