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Re: declaes post# 49570

Thursday, 01/11/2024 12:54:09 PM

Thursday, January 11, 2024 12:54:09 PM

Post# of 51232
I think that conference call pretty much communicates the state of affairs here. Until they get retail buying again that offering is dead. Those who subscribe to that offering will get them at a discount to market and immediately sell them as soon a feasible. You should load up now and get ahead of the game! 🤣 That regulation "A" offering was originally filed in October 2022 and has been a cloud over this ticker since. Shawn Leon may even get around to actually doing it this year. 🙄

It looks to me that you don't understand how a regulation "A" offering is working...

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....

Bearish
Bearish

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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