How Criminal are they? Read.
Michelle Sides:
- Got busted with alcohol under 21... Ok great, so she's on par with 95% of Americans. This is nothing.
- Know why she can't practice law in Florida? Because she is delinquent on her continuing education requirements there. This is nothing.
- I can't find anything on her child neglect charge (Det_Robert_Thorne?). I searched the Palm Beach Country records. I'm guessing she got pulled over with a suspended license, the cop found some paraphernalia and the county threw Child Neglect at her because her kid was in the car? That's my own speculation, but reasonable I'd say. A source would be great.
- The petty theft thing is just stupid on her part. She was ordered to pay $424.90. I wish I could find the documents detailing what happened. Maybe she stole something from a store, or maybe she had a disagreement with a boyfriend.
Theodore Caligiuri:
- Ted has a job at Coldwell? Big deal. MJNA was netting a few hundred grand not too long ago. Do people expect him to be paid millions in a small company like this? Why is this even connected to this article? There is nothing criminal here. This is nothing.
HDDC:
- HDDC holds $1.5m in shares? So. What. This is nothing.
Michael Llamas:
Michael Llams has been indicted, but that is not a mark of guilt. He hasn't been with the company for 5 months and all of this has be known for a long time. This is nothing.
Anthony Imbimbo:
So what if the guy has a culinary arts degree? The man is a chef! Great! He also has a bachelors in accounting and is a CPA.
Also, notice the wording in the article: "herefore unqualified to independently audit an SEC reporting companies" Did you catch that? The author is absolutely correct. The thing is though MJNA is a pink sheet and doesn't report to the SEC! This is nothing.
So here's the "chronically criminal" put into perspective:
A 20 year old girl got busted with some alcohol. A few years later gets she gets pulled over with a suspended license, cop probably fines a pipe and the county throws child neglect at her. After that she's found guilt of petty property theft. She's made some bad decisions.
I should say something about Llamas. Read the bottom of the indictment: "The charges in the indictment are only allegations, and the defendants are presumed innocent until and unless proven guilty beyond a reasonable doubt." and, as stated before - all of this has been known for a long time. He hasn't been found guilty of anything and he hasn't been with the company since September.
The only "criminal" here is Michelle, and I wouldn't even consider her that. She's probably a smart woman who has made some poor choices. Everything else in this article is fear mongering. Fear mongering by an author who is shorting the stock the right before projections are released. People need to stop using Seeking Alpha as a reputable source.
The best shorts could do right before projections was find a couple petty crimes and tell us about an indictment we've known about for a long time. Everything else is them just reaching for anything they can spin. If you were long and this article shook some shares from your hands today, sleep easy this weekend. We're going to be alright.
