Replies to post #592 on Indoor Harvest Corp (INQD)

[elbiatcho1]

lmao, is that supposed to be impressive

One for each and future scam.

Remember the big $12M Numarket pump scam?

[ccsykes]

I didn't realize you were also hooked up with that POS Peter from Revenge Designs

Yes, I was brought in after exposing fraud to the CEO. Specifically regarding Rule 144(i) and his financier Steve Carnes. The SEC was notified and Steve Carnes got sanctioned. Peter was just guilty of being naive and got suckered into a bad deal. Obviously it ended badly for shareholders.

https://www.sec.gov/litigation/complaints/2009/comp21224.pdf

Expo holdings was similar, but not as bad. They had Green Tree Financial, which was run by Mike Bongiovanni (MSRT auditor), advised on a reverse merger. CEO was convinced to do a 1:50 forward split to increase liquidity. Then Mike, or someone involved in the shell, converted shares and drove the company in the the triple zeros. I was brought in to try and salvage everything.

We got the structure cleaned up and then the 2008 financial collapse happened. The banks shut down all his credit facilities. Lowes pulled it's display contract (it was real) and JD failed to scale back. Instead, he turned to toxic financiers and tried to keep the Company afloat. Like many manufacturing companies in 2008, the financial collapse took him out.

In 2009, I then started working with SIAF.

the fact that anyone would take cash and shares from JD or Peter speaks volumes of the content of his character

There's always two sides to every story. Unfortunately for both JD and Peter, they made bad decisions and worked with the wrong people.

It's those lessons I brought with me to INQD. It's one of the reasons why I didn't do a R/M.