Monday, June 05, 2023 10:05:44 AM
Meanwhile the debt that is earning default interest of 24% with fees just keeps piling up. The 2022 Leonite debt alone earning default interest would be in excess of $1million. If they could get a successful walkup here and get the huge bid to move from the 3s to the 4s they could get a good dump before the split. This fun to watch. That is when they finally decide to do something. Many lessons can be gleaned from the press release manipulation.
Regulation "A" Offering 1-A POS
https://www.otcmarkets.com/filing/html?id=16623154&guid=lmT-k6Nt6F_Udth
The SEC is widening its war on toxic funders
Published on August 24, 2021
https://www.linkedin.com/pulse/sec-widening-its-war-toxic-funders-steve-taylor/
..it also increasingly utilized qualified Reg A offerings to acquire free-trading stock which they then dumped into the market without disclosure....
...This was a significant concern, as Reg A shares are immediately free-trading. That makes it much more attractive to many investors compared to restricted securities sold under Reg D exemptions, but it also is definitely more attractive to those looking to make a quick buck by breaking the law. This case demonstrates the SEC may not have been looking hard enough at the Reg A market for fraud, as certain financiers and funders have been scalping stock without disclosure in the filings....
...Section 17(b) of the Securities Act of 1933 requires anyone that is paid to promote a stock must disclose the amount of the payment and who paid them. This is probably the most violated SEC regulation, which is not a surprise as it is also the least enforced. Toxic funders routinely pay promoters to pump the stocks in which they are funding. ...
...To make money on their toxic convertible loan, these funders require volume to dump into. Lots of volume, because they have a lot of stock to sell. Thus the need for lots of promoters, most of whom are non-disclosing as telling the public they are getting paid to pump, and who paid them to do it, would scare even the most die-hard penny plunger away....
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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