James Monroe Capital Corp (JMON)

[mAjOr dAmAgE]

If they only have 9 million shares, most likely there will be mass dilution thereafter when they find a "new business." What they really mean is they intend to sell the shell to new people and give the new people enough leeway to print shares.

If they did a 1:1000 and then capped the authorized to say 120,000,000 it would be a whole different story and show that 'ole Taylor had good intentions.

He doesn't. The only thing that can be done is a securities fraud suit against him and Frank -- get a copy of the documents that show Taylor received a vig on the raise -- and then make them show that the Reg D investors who received the billions of shares weren't merely nominees.

That's the only viable thing for any of us to do.