RM
Same thing.
<<I feel bad if all this SEC reporting destroys everything that the crew worked so hard for.>>
the CEO did things that were not right according to the SEC Rules.
the CEO said he would not dilute us much more from 100MM shares.
the CEO potentially sold shares that were restricted without caring about the rules. (that one is uncomfirmed)
The CEO said that the crew was going back tot eh DR at the December shareholder meeting. It didn't happena, dn he never mentioned that it was delayed. Just put out the positive announcemnet, and then let it die on the vine.
The CEO sold shares three days before admitting that the company was broke (Insider trading??) A nd he POSTED that he sold those shares!
The CEO set up a reverse merger that was not sent out to the shareholders, and the only way to know about it was through a blog or through this site. I do NOT think this was a legal meeting.
The CEO set a meeting without giving shareholders any notice. A nd then, when the shareholders didn't get the proxy, nd therefore did not vote, the CEO took that as a YES vote, not an abstention. Look that up and tell me if you think that is LEGAL.
the stock went down over 98%. past tense
THEN the investors decided that WIlf was ripping them off and decided to complain.
Now you say it is bad if the REPORTING of all these bad things make the company go away??? What about the DOING of all those wrong things?
Answer me this. Wilf admitted selling shares of the stock 3 days before he announced the reverse s;lit, sale of the FL area, and that the comapny was broke. Do you consider this legal? If you don't know, LOOK IT UP and THEN answer me. I don't want a cope out of "I don't know." It is easy to look up the rules of insider trading before the announcement of a material fact in any public company. I just gave you the key words for a google. or ASK people. See if you get the same decision others have gotten. that it is NOT the right way to do it. Do some RESEARCH, just like we had to do on the contest. See if you too think it was wrong.
And then, if it was wrong, don't say that because people are TIRED of Wilf doing wrong things that it would be bad if the complaining made the company go down. RM - WILF made the company go down. PLace blame where it belongs. WILF sold the shares that most people think was illegal. WILF sold share that many think were restricted. WILF said things very boldly and then didn't DO them. WILF did things that are now being complained ABOUT.
If someone is raped and reports it to the police, do you blame that person for making the "crime totals go up in that neighborhood"? Sounds silly, but that is similar ot what you are saying with your comment above.
IMHO.
AI
