kacey, exactly right. And I posted numerous times regarding Cinemax being offshore. I was flamed and chided for bringing-up the fact that Pappy and the scammers were out of US jurisdiction and US laws do not apply to them. I also raised the concern that Cinemax Canada's presence in the US was a drop mail box in California. This US presence, I opined, was to evade SEC CROSS BORDER TRANSACTION DISCLOSURE via mandatory filing of ANTI-FRAUD & BENEFICIAL OWNERSHIP filings with the SEC. Non-reporting companies are not exempt. I raised the issue that there legally could not be more than 10% US ownership of stock to meet SEC requirements in a cross-border merger. Gouveia disclosed Fan has 53% + they issued 100 million new shares, 25 million being serial preferred w/ undisclosed multiples. I opined that this was why a merger was not possible. The WA Secretary of State confirms no "merger". Instead, Cinemax Canada ACQUIRED the Cinemax WA/TMM public vehicle and TMM/Cinemax WA went private.
If Obion Group's 250 billion shares were added to the mix, how do they hide that from the SEC? Obion Group is a US entity. That, IMO, may be just one of the reasons why Obion Group got the boot.
My opinion is the scammers orchestrated a SPAC deal, like the SLJB/Sulja scam, and are playing both sides of fence. On one side, they evaded SEC CROSS BORDER ANTI-FRAUD & BENEFICIAL OWNERSHIP disclosure by having the drop-box as their "US" presense AND, they evade US law by being incorporated in Canada.
Your DD is, as usual, stellar. ;0)
