Four weeks after the March financings, on Thursday April 9th (prior to a long weekend as Friday markets were closed) a web page appeared after hours with Covid Testing pricing. Biocept stock traded millions of shares after hours and doubled. Biocept was forced to put out a late Thursday night press releas. On Monday the stock traded heavily and Nall announced another financing at a 50% discount to the high price per share of the day.
According to Nall's employment agreement he gets heavily bonused for financings. Rumor is Nall was bonused $4,000,000 for the financings in 2020.
1. Nall withholds material information positive for the stock prior to each financing
2. Nall does financings at up to 50% discounts to the previous high closing price
3. Nall is bonused for financings
4. Nall crashes the stock (3 times in 4 years) with reverse splits and then Nall gets 243,000 options at $4.50 , or a 70% discount to the price per share before the reverse split vote was approved.
On top of that, Nall lives a graet distance from Biocept's office.
Is Nall a part time CEO that is a penny stock scammer?
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