This NDTP CEO, Pasa.... who steals shares like a fox guarding the hen house,
needs to go and return those ill gotten free shares, return all those shares, before I contact the IRS, the SEC, the FBI, and every federal agency there is and throw the book at him/them as a side dish with law suits?
In other words, I am done playing games here.
OTC markets needs to keep that CE on here until we get a full disclosure on everything they are hiding. We have plenty of public proof of tom foolery here now.
Logic is not disclosure.
Now if by some miracle, this CEO R/S the insiders shares 95+% including this CEO's shares, since they have not proved they have delivered anything of real value in 3.5 years, and leave the retail shares they already R/S 1000:1 alone, and then bring in something of real value, like a Real pedigreed drug firm CEO, with a real revenue producing product, with real revenue, I might chill out and do a happy dance. But it all needs to be priced not on the basis of .001 to .0001 share gifts, it must be priced on the basis of retail trade prices this stock traded at, Up to $10.90/share, after retail was R/S 1000:1 by Hovis/Pasa CEO tag team, before Hovis went nuts printing shares at .001 and diluting retail a second time, for what he later said in filings, said he could not prove or claim had any value?
If it had no value why bother???? It can not be both worth a billion dollars and worthless at the same time.
If it is worthless all the insiders need to do is sell us their shares for .0001, the value this current CEO placed on the shares he gifted himself, and solve their problems, and we could return them to the treasury in a friendly take over?
One has to wonder if some of the insiders might join us in suing this CEO(?), and help us remove this guy and his ill gotten shares, if he refuses to act responsibly?
Or force him to act like a responsible Public CEO who acts in the best interest of shareholders. It is called fiduciary duty.
I see a laundry list of BS in the financials I will raise hell about and document this weekend when I have time.
One can not have a list of the Over 5% insider shareholders add up to 102% of the OS and leave out the insiders that have less than 5%, and claim that adds up to 100%. Read top of page 10 out 22 pages of the brand new quarterly pdf.
I doubt OTC markets lets this Q filing pass the smell test... with obvious errors like that.
And today I here an attorney letter was filed? Does no one do real math any more? Does no one read and check this stuff anymore?
My instinct tells me the insiders all gave up, or 2-3 larger insider shareholders made a bad choice, and / or this CEO is trying to screw us all?
Either that or they are just as mad as retail and might join us in a law suit?
There is zero legitimate excuse for the BS this CEO pulled.
Something is rotten in Denmark.
If the founding insiders gave a damn about the company, they would be willing to sue him also, if needed, or they would have supplied the cash needed themselves, if this company had anything of value, they would not have allowed him to do this BS, mass printing of basically free shares to himself.
Retail's 3 Million dollars invested here, is not going away. I even wonder now, just how much CCA, LLC ever actually invested (sunk costs, in the JV study at UPennMed?) That was never publicly disclosed.
So I repeat, Mr. CEO, if NDTP has anything of real value, act like it, and prove it, and if not you and the insiders need drop your share count about 95% and get out of the way and let a retail group bring in some solid, High value tech here.
No credible company manager, public or private, especially in the nano tech-Bio-Tech world would touch this company with this share structure, and the current retail folks will not submit to further abuse....
Removing the CE now, would destroy retail shareholder value as Wall Street shorts would use the restricted shares to print massive naked short shares and destroy the stock.
How in the world did the major insiders, like Edward Mathias, the second largest shareholder, et al, let this BS get this far?
So either do the right things, do them now, or ...... Is where I and the retail shareholders are at right now.
OTC Markets has plenty of legitimate reason right in the filings and flip flops, and lack of information in the filings, to hold this in CE land until we get answers and full disclosure.
Public companies have a duty to disclose everything.
CEO's have a fiduciary duty, to not rip off shareholders, just because they can.. and frankly the control group insiders put this guy in the position he is in. Retail did not put in office.
If the tech has no provable value yet, then all the restricted shares should R/S to reasonable size, and then make this a solid Nasdaq Quality company with high value tech.
Hovis in his original filings and earlier this year, this CEO, claimed in earlier filings this year, the tech may not be viable, so how does that justify issuing 1/2 to 1 Billion dollars of shares at ..001 to .0001 to insiders, (To avoid income taxes?) or because the tech is worthless??
Either prove it is worth a billion dollars, or execute 95-98% of the insider shares and CEO shares and lets find a private tech ready for Nasdaq??
