ed2000, you can be assured that any money John Strong raised has snaked its way back to his family and friends that he brought into the company.
When Strong continually pumped fraudulent guidance of “profitability” it conveniently allowed his buddies to cut their losses before the PPS tanked (and compounded the company's fall). And interesting how ADTM's biggest investor dumped approx 10% of his holdings at probably around $.50/share AFTER Strong issued positive guidance for the upcoming Q1 results and AFTER the AdSupply offer supposedly pegged the stock at $1.50... but BEFORE the losses were announced, isn’t it?
As for OTC rules, I have no idea, but dumping >10% of one’s holdings without SEC filing seems to not necessarily be another issue altogether…
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