DALLAS, TX / February 07, 2017 – ASSET ECONOMETRICS, Inc., “AEI”, is a Dallas based workout and turnaround firm hired by ERF Wireless Inc. (OTCMKTS:ERFB) to prepare the company for the future. “AEI” today announced during their evaluation process “AEI” has conducted investigations of the industry and hired top experts to support claims that, in general, the practice of convertible debt financing violates both State Usury Laws, and the Securities and Exchange Act of 1933-34. As well, in most cases this is accomplished using false promises, unconscionable loan terms and penalties hidden or disguised fees, and in general are not healthy for the companies who borrow or their shareholders.
“AEI” announced it has recommended ERF WIRELESS immediately seek regulatory, legislative and judicial support of its positon’s regarding this industry as it feels it is harmful to the investing community and the companies involved. Many of the lenders in the business are involved in employing stock bashing message boards, naked short selling, trading on non-public information and using them to drive down the price of public companies shares, while benefiting the lenders with even richer returns.
Asset Econometrics has put regulators on notice of these activities of these toxic lenders, and has recommended that its client ERF WIRELESS seek to curb the notorious toxic lenders practices, through the courts to resist the lenders past and continued efforts to undermine the value of ERF WIRELESS.
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