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zxc

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zxc

Re: AD1251 post# 5029

Monday, 10/16/2023 12:46:57 PM

Monday, October 16, 2023 12:46:57 PM

Post# of 5795
There certainly should be a concern about hiring Mr. Dilley. Here is what a SEC website says:

On August 10th [2022], broker-dealer Spartan Securities Group, LTD., transfer agent, Island Capital Management LLC, d/b/a Island Stock Transfer and two of their principals, Carl E. Dilley and Micah J. Eldred, were ordered to pay nearly $1 million in monetary remedies in connection with their roles in the creation of at least 19 purportedly legitimate public companies that were in fact sham, blank check shells. Concluding that "the evidence demonstrated that defendants abused their 'gatekeeper' role," the District Court also ordered injunctive relief as to Island Stock Transfer and the two individuals, and imposed penny stock bars against Spartan Securities, Dilley and Eldred, prohibiting them from participating in the issuance, trading, offer or sale of a penny stock.

https://www.sec.gov/litigation/litreleases/lr-25486

It would be interesting to hear the other side of the issue.
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