Replies to post #595 on Immage Biotherapeutics Corp (IMMG)

[lucky, mydog]

lol. really? they didn't know what they took over? that is beyond believable. if you don't believe me, here is what the sec believes.



"The SEC also obtained an emergency court order freezing Lin and Chen's assets in their brokerage accounts, including approximately $1.2 million that otherwise would have been wired to bank accounts in Hong Kong, and millions of shares of stock. In support of the emergency asset freeze, the SEC argues that available evidence indicates that Lin and Chen, who purportedly purchased their shares from individuals located in South Africa, in fact purchased restricted shares from the issuer because the purported sales to the South African individuals did not occur. Among other things, the SEC states that one individual from South Africa never even purchased the shares that she purportedly sold to one of the Defendants.

[1manband]

Nope they didn't know, they were fooled like everyone else

Nope, that is not the case. And the SEC knows it.

In order to have the restrictive legends on restricted stock removed so it can be sold, the Company has to give the approval after researching how the stock was obtained and if it can legally be removed under an exemption from securities laws. IMMG's current management knew EXACTLY what was going on and that their claims that they obtained it from the non-existent South Africans was a lie, especially since the Company is the one that sold them the stock directly. But they approved the removal during the pump phase anyway.

Nope, IMMG and its management are absolutely involved in the activity that led to the trading suspension.