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Nomad505

01/11/18 7:48 AM

#15987 RE: Dailygainz trading #15986

This POS hasn't been current in years. If what you claim is true and there were no other options to recover their money the Note holders would have taken Pickett to court. If that had happened we'd probably know about it.

Every penny that has been "spent" by the company has been plucked from the pockets of investors. It's all passed sneakily through convertible notes. Quarterly reports, when they bother to file, clearly show that the only work being done on a regular basis is filling out the paperwork for more convertible notes.

I know that you will probably bring up that ol Pickett bought some shares with his own hard earned money. I counter that with two points.

One the money wasn't earned in the first place. It was proceeds from all the convertible notes.

And two the shares were bought directly from the company. As CEO he has total control over that money. He was just moving money from his left hand to his right hand. The money was in his control the entire time. It only looked like it went somewhere.

The other transactions were supposedly converting wages owed into shares. There is no proof that any work was performed.

Issuing PRs wasn't selling shares anymore. They did a few transactions that made it look like their insiders were buying. That sold shares...

My motivation is obvious.

Why are you so concerned with someone criticizing the company?

Cycleman

01/11/18 10:23 AM

#15990 RE: Dailygainz trading #15986

Are you disputing that's not what took place during the time period it was current?

Sheepdog

01/14/18 2:46 PM

#15994 RE: Dailygainz trading #15986

That's just totally wrong.

Being "current" just determines whether 144 exemptions are 6 mo or 12 Mo. Pre-Registered shares can be sold, but not issued while the company is not current or until they too become exempt. Certain placements can be made with tradable shares under certain rules whether reporting or not.

This company has no way of operating as it's only source of cash it has ever had is from selling shares, either directly in PP's or worse, through toxic debt at discounts of up to 90%


SWET is just a scam.


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