There are reasonable solutions to the problems being caused by Bill Hodson and Shelly Singhal, but this is all I have to say at this point:
I fought hard for the ADIA shareholders nonstop as people tried to turn it into another stupid fraudulent penny stock scam. The people who wanted to use ADIA for this purpose never cared about creating a valuable business, they only ever cared about creating meaningless hype.
If I had known that Bill would not even bother to pay the Nevada Secretary of State annual fee, and would not even be reporting his CEO position in any LVVV filings with the SEC, then obviously I would not have trusted him and I would not have resigned as CEO myself in January.
My concern now is that Bill Hodson may be entirely out of money as a result of the SEC enforcement action against his only source of capital: Asher.
If correct, then everything LiveWire said and did was precisely what the SEC and FINRA refer to in the press release, below. Under Sarbox Rules these behaviors carry a criminal, not just civil, penalty for Bill. If he is honest and ethical, as I still hope he is, then one would expect him to be demonstrating it by now...
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