I made contact with a longtime Mineseeker investor and he asked me to post his take on this since he doesn't have an ihub account
"I have read the blogs and the postings and all I can ascertain is that there are a number of people who purchased a penny pink sheet stock with the hope that Mineseeker could finalize a deal with a legitimate company and drastically increase the value of this speculative stock. When a material misrepresentation of fact was discovered and the entire purpose of the transaction would be thwarted there was no other possible course of action but to withdraw. These investors are left with the same speculative penny stock they had before and can sell it or keep it as they please. Maybe if they sold on the day the announcement was made they would have made money, who knows? Win or lose it is a market condition and risk, not Mr. Kendrick stealing from anyone. These investors should be upset with their broker or whomever advised them to buy such speculative stock if they were not capable of appreciating the risk. Furthermore, the statements make it seem like Mineseeker or Mr. Kendrick got any portion of money from these people. I did not realize people this unsophisticated were investing but I guess anything is possible with the Internet. I clearly made a false assumption so let me clarify; when you buy stock the seller of the stock gets the money for the stock not the company or any affiliate of the company. Mr. Kendrick and Mineseeker were interested in a business transaction with NHSH. When these shareholders purchased NHSH stock they did so by paying someone. That person got the money for the stock. Not NHSH, not Mr. Kendrick, not Mineseeker, but the seller of the stock. With that bit of clarification, who would believe that a company interested in merging with another entity would get money from that entity because you bought stock? It is so absurd I can barely write it, yet it is enough for you to write that these people are thieves.
Mineseeker is building a company to solve one of the world’s biggest humanitarian problems. They do great work. Any company would be lucky to have a leader as straightforward and honest as Mr. Kendrick. I happen to have a Law Degree, and a Masters of Law in International Taxation, and can state that had Mr. Kendrick not withdrawn and continued to merge with a company incapable of meeting Rule 144 I would have brought action against him for breaching his fiduciary duties to the shareholders of Mineseeker. I honestly hope that Mr. Kendrick does not waste a penny of the precious resources of Mineseeker on counsel to address such unfounded and baseless claims and accusations."
Market Data 
Markets 
AI
