Peter Villiotis scheduled a dividend through FINRA's Company Related Action Process that he knew was NOT ready to be distributed and that would not be distributed as scheduled. The SEC had not approved the IMAG Group S-1 and the shares had no CUSIP.
That is abuse of the FINRA process and also likely blatantfraud!
IMO, it was done to manipulate price and demand for the stock so new shares could be dumped.
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