Of the many things to point out about ML's fraudulent statements, notice that there is mention of him going to China and trying to get TYTN listed on their exchange to "increase liquidity" or something like that. I remember reading several personal emails that he sent out to investors saying that it was going to take time b/c of regulatory clearance, blah blah blah.
Well, we later find out that within a month or 2 of the China visit that ML did another 504 deal.
So the fraud is that he purposefully boasted about doing a China listing knowing full well that the pps would skyrocket and that he could do another 504 deal. Also, why do a 504 deal if a China listing is possible? If it was possible there's about a dozen or so reasons not to do another 504 deal.
There is also a paragraph about no stock splits or anything like that in the future. Well guess what? They voted on doing one just 7 months after releasing that statement--about 4 months after ML ruined the stock by doing the A/S increase and subsequent dump.
It was completely foreseeable by ML that he was going to have to do more 504 deals and jack up the A/S when he mentioned the China trip and China exchange listing, yet he stated alternatives that are more favorable to shareholders in public filings. Hence the intentional deceit or misrepresentation to shareholders.
I'm on to him. Just wait until I get a solid 3 or 4 days to pour over every PR and released financial statement over the past 18 months. Everything I say is just from off the top of my head.
Edit: I only get 3 posts per day on this board btw
