Really?, Did you just say its about money??
Seriously, let me get this straight...
Albert Reda, who has a company that completely lost its pps over the past couple of years, along with so many others, who did what he had to do in regards to issuing stock to keep working capital coming in... is nothing more than a crook. Is that right?
So in the former example, Reda pays OTC 1.3 bil worth of free shares which @ .0001 equals $135k. OTC pays other promoters roughly 50k to gloss the stock and get some buying pressure. After dumping the 1.3 bil shares, OTC walks away with roughly $85k after expenses... and then what? splits it with Reda? Reda, who has a company that is hooked up with a world famous celebrity product promoter? Reda who just secured a promo deal with NASCAR? Reda who's company was just featured on Money Talk TV?.. The guy who works his a** off every day setting up deals, is in it to make a measly $40k on a scam? Look, Im not saying OTC didnt dump their shares over the past couple of days. It could have been them or it could have been those who bought in at the beginning of August when there was enough pressure to send it to .0003 briefly, who now just want out. Or, it could have been Seamless buying back shares which they said they were going to do. Or any combination thereof. Either way your argument doesn't make sense from the companies point of view.
I understand there are a lot of people who have gotten burned by dilution. I understand a $1k investment in Seamless awhile back may very well be worth $1 now. It happens over and over again as companies struggle to stay afloat. But don't come out with accusations without any concrete proof that there is something illegal going on. Thats blatant bashing.
