Wednesday, November 04, 2009 1:22:13 PM
Jared wants to get rich so he assigns a riduculous price to the formulas he owns. Sells them to EESO and has a receivable balance owed to him by EESO. EESO is no where close to making a profit so he issues shares to Carnes and company who in turn pay off the receivable to Jared. Carnes and company dump shares onto market at a profit. Jared gets all the money he needs and the shareholders cover that cost by dilution of their interest in the company.
I read some outragous figure of like $700,000.00 per formula. All shareholders here are and were used as a tool to get rich quick. It is hard to believe we even have a financial system that allows this type of scam to run. Pink sheets should be eliminated all together.
Of course all this is IMO.
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