I am quite familiar with the transaction. I am now looking into exactly who Tangiers communicated with when they sold the note to the shell called Sierra Global and why the note was settled for 650,000,000 shares. Who benefited from that sale? My digging has lead to many truthful revelations which makes me feel quite good.
On or about November 13, 2013, plaintiff MYEC notified defendant SCOTTSDALE CAPITAL that the issuance of the shares in MYEC had been obtained fraudulently and was being cancelled, and plaintiff requested that defendant SCOTTSDALE CAPITAL freeze trading in those shares.
24. Plaintiff is informed and believes and thereon alleges that SCOTTSDALE CAPITAL did freeze trading in MYEC’s shares for some period of time, however, on January 16, 2014, plaintiff MYEC received an e-mail from defendant SCOTTSDALE CAPITAL stating that they could not continue a freeze in trading in the shares in MYEC without a Court-issued temporary restraining order. https://www.sec.gov/Archives/edgar/data/1619558/000114420415032740/v411299_ex10-25.htm That is the main reason for the decline in price that peaked in early 2014. A couple hundred million shares tends to make that happen. DO NOT TAKE THIS POST AS AN ENDORSEMENT!! I am simply entertained with MYEC as reading a good book to see how it ends. I flip nyse, nasdaq, and subpennies. I have watched many nyse and nasdaq stocks lose +50% in 2016, MYEC is no different. A decline is a decline, only the reasons are different. Ed obviously has an uphill battle being 2 quarterly's behind. Good luck to all as I currently have no MYEC shares. I am just enjoying an entertaining book. ;*)
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