Herta and Andretti were smart and they took a non legally binding position as advisors. if it plays out they make money if it doesnt Dave did not take thier advice. Shareholders cant sue them they are in officers or directors.
On Yodas post I did not feel I need to talk further about Flanders but since you want to cheer in between selling the cars hers the things you should highlight from the SEC. Also the SEC conducts informal investigations before going formal.
Point one Why plead the 5th amendment if your innocent?
" 3
9. Jackie Gross, age 64, is a resident of Plano, Texas. During the relevant
period, he was the president, chief executive officer and sole owner of Morgan Spaulding
and the president and owner of Telvest (of which he owned 20 percent directly and 80
percent through a trust he controlled). Although Gross provided information about the
Regulation S Offerings to SEC staff during an informal telephone interview, he
subsequently refused to testify during the Commission’s investigation and asserted his
Fifth Amendment privilege against self-incrimination. "
Second
12. John Flanders, age 36, is a resident of Glendale, Arizona. During the
relevant period, he was a registered representative for Scottsdale Capital Advisors Corp.,
a registered broker-dealer based in Arizona. While employed by Scottsdale Capital
Advisors, and without notifying Scottsdale Capital Advisors, Flanders participated with
Gross and Telvest in the Regulation S Offerings.
Why is Flanders saying his firm knew nothing of the 200K in fees he collected from this fruad. He surely affected Rhonda by doing this under her watch. If you ran a bank and a emplyee was caught stealing do you hire that person to sell real estate at your husbands comapny and not tell people he was a crook until they found out?
Third
7
23. Once Telvest received payment for the Regulation S shares, Gross or an
employee of Telvest or Morgan Spaulding would write to the transfer agent or the issuer
to request that the stock certificates be sent to Telvest for forwarding to investors. Gross
then directed wire transfers from Telvest accounts to the overseas brokerage firms,
finders, and issuers in accordance with the preexisting agreements.
24. In 2002 and 2003, Gross wired approximately $8.6 million from Telvest
accounts to overseas brokerage firms and finders. In those years, Gross himself withdrew
approximately $186,000 from Telvest accounts and transferred approximately $387,000
from Telvest accounts to Morgan Spaulding bank accounts.
25. In 2002 and 2003, Flanders received a total of approximately $200,000 in
transaction-based fees from Telvest as payment for introducing issuers to Telvest.
shall I continue?
Bottom line you pumping fool is the guy is under the watchful eyes of the SEC for being criminal. His employer at the time KNEW NOTHING ABOUT THIS the same employer that he has today? Maybe the guy is innocent, but again I pont out more stock sales then product sales makes me go hmmmmm
