re: "could he suffer criminal charges too?"
def a possibility.
apparently, the key legal criteria are:
1. repeat pattern of promising no RS, then springing RS, then any follow-on dilution.
2. mark's well-documented prior association with kistler, carnes, etc...
3. whether mark can document in court that he had credible plans,
before the oct 4th RS filing,
to generate revenues with the IP
to support his formal assertion of motivations for uplisting, etc...
#1 & #2 are apparently sufficient to get the case before a judge,
esp given MIKP's prior drop-kick to gray sheets.
and #3 would be the criteria on which current 2023 fraud would be evaluated.
fwiw, this pattern of fraud is how other ft wayne mafia folks got convicted,
including kistler, carnes, hochstedler, etc...
fwiw, it's possible that mark could document legit interviews with directors, etc...
to support the position that he fully intends to follow-through on the biz plans
cited as motivation for the RS in the oct 4th SEC filing.
but given no updates at all on _wish_ nor other IPs in several months,
i'm guessing mark will have no documentation to present in his defense?
the guy driving the discussion is a securities attorney,
well-versed in the law and pink scam case history, including ft wayne mafia.
unclear that mark has any assets to disgorge as shareholder compensation
but if mark really has nothing to show,
a conviction for stock fraud would also ban mark
from any future involvement with stock markets.
time will tell how it plays out.
there's still time for mark
to "do the right thing" here...
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