Sticking to matters relating to THE COMPANY and THEIR admission in an 8K filing to the SEC that the company had formerly hired a paid non-disclosing promoter (a matter of record by the way and one which relates directly to this company even though they do not mention the guilty party), therein putting into black and white a written record of the fact that TTCM appear to have been engaging in unlawful activity contrary Section 17(b) of the securities act as follows:
"Also known as the anti-touting provision, makes it unlawful for any person to:
publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof."
It's very simple. The matter is in the hands of the SEC and they can decide on the next action. In previous cases, company representatives have been subpoenaed to testify and reveal the identity of any paid promoters and/or other unlawful practices that may have been engaged in by former incumbents be they company directors or other employees, and I would hope and expect the same to be the case here.
Whilst on the subject of the COMPANY, I happened across my copy of the interview DLM gave to another "Trader" that went under the name, "Stan the Trading Man" in July 2020 (anyone remember that?). Prior to this interview taking place, there was much hype about how important it was, given the huge following that the interviewer had on social media. This interview was in the public domain (though I'm unsure if the recording still is (believe it was administered through Twitter or Zoom or some such platform) and In this interview, DLM (The COO of a Listed Company at the time) freely stated that he was in fact, a Trader, and I quote verbatim:
"So actually, I've been trading for about twenty years now. I still trade, but I, I enjoy trading by myself. I trade anonymously, but I do like a lot of Nasdaq, small caps....." "I do very well though".
The fact that this interview was public and both participants freely gave all personal information such as their names and current roles, I would submit means that I am not in breach of any of this platform's rules by herewith reminding folks about it.
In any event, I'm sure DLM will be able to prove that such trading never at any time involved the buying and selling of shares in TTCM at a time that coincided with any news events or spike in the share price, either directly, or through proxies. Because if I'm not mistaken, wouldn't to have done so have constituted insider trading?
Perhaps the experts here can enlighten me.
AI
