Replies to post #55854 on ZNext Mining Corporation, Inc (ZNXT)

[scion]

20. During all relevant times, Gamboa drafted, reviewed, and/or approved all of PAIM's press releases and disclosures, and authorized their dissemination to the public. In January 2007, PAIM adopted a written policy that expressly provided Gamboa with sole discretion to approve all press releases.

21. Because Gamboa had total control over all aspects of PAIM's operations, she knew or was reckless in not knowing that PAIM's press releases and other public statements contained materially false and misleading statements.

[TheNoviceChicago]

I just though of the fact that we have mentioned many times how all the sold shares never appeared in any of those "financials". Since they were lying so heavily, I guess it doesn't matter. LOL

[muaythai]

It looks like she used the paim and znxt share sales to fund her own private PAIM phillipines operations. Maybe the court will make her liquidate the real company to pay back the bilked shareholders. After all it was thier money that ran the thing.MT