Aug 7, 2021 Hundreds of Millions from SEC Actions against Toxic Lenders.
Small public companies, on behalf of their shareholders, can recoup part of the expected hundreds of millions of dollars in disgorgement that the courts may order based on the alleged unlawful actions
The “Convertible Note” has not only wreaked havoc on OTC Market issuers valuations, but the very nature of the mechanics of those notes force a depressed stock price over a short period of time where shareholder’s interests are severely diluted and their holdings lose tremendous value.
Many small public companies rarely survive the sharp declines in their stock prices while these “funders” line their pockets on the backs of those issuer’s shareholders.
The SEC is charging forward in an attempt to corral these operators, expose their business practices and punish them for the alleged unlawful acts under federal securities laws.
The SEC is seeking disgorgement of profits derived from these unlawful activities.
The disgorgement proceeds are intended to be paid to those that were harmed by the unlawful activities.
Small public company issuers and their estimated 10’s of thousands of shareholders that were victimized by these toxic lenders, may be able recoup some of the value they lost due directly to these unlawful activities.
We can help shareholders participate in any distribution of disgorged proceeds from these lawsuits.
If you are the CEO of a small public company, or a shareholder in a company that is trading on the OTC Markets that may have suffered losses due to convertible note lenders, now is the time to act to make sure the company you invested in secures your position to participate in any future distribution of court ordered disgorgements.