TikiGal
Um well, we didn't yet have an invite committee meeting set up yet, are you up for the part?
The lawsuits are for free trading shares through an exemption.
Shane Traveller seems to be the man signing off for Sequoia International and as you may know, Shane Traveller is Steve Peacock's buddy. I suppose that you could call them "friendly" lawsuits.
The discounts seem to be around 5-1 and seem to serve several functions. Shares are put in an escrow account and drawn down as they are sold. Management gets voting rights which sometimes means control of the company. (AVWI)
Sometimes used as back funding, CLXN, GRXI are examples where a percentage of the sales is given back to the company.
It appears in the case of Unico that 1 million was backfunded through Cherry Creek Holdings via stock subscription (Shane Traveller CEO), where the company PR'ed 1 million private placement at market price...LOL Of course nobody in thier right mind buys a penny stock at market price for a million bucks, so a giant red flag on that one.
The downside to the investor is nobody see the onslaught of shares coming.
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