Coro Global Inc (CGLO)

[drebmd]

First off, you are correct, but only technically. When the RS hit, the value of the stock was .0003, so the price immediately went to $1.50. For about a second. At that point there was parity, but it was fleeting.

HOWEVER, the well deserved lack of respect, and the expectation of further dilution fostered by Kevin continues to erode confidence and stock value. That is the problem any investor in MDFI must face - this is obviously not a company interested in building value, at least not for anyone outside their own family.

You dont have to be new to the rodeo to see that it is fixed. Even forgetting the fact that for months beforehand, they insisted there would never be a RS (despite dismal financials quarter over quarter) I am not sure that the Hausers broke the law here. However, the facts remain that, unless you're a shorter, or a Hauser, you will lose money here. Kevin and Lyle voted themselves protection (anti-dilution provisions) but left the rest of us out in the cold. They will likely do it again and again as long as we let them, or there are other, newer suckers out there willing to take them only at face value.

If this isn’t illegal, it ought to be!