Had to wait till Midnite to be able to post again.
I respectfully disagree with this assertion b/c I owned a stock that was listed as a victim in an unregistered stock transaction and it didn't end well with that company. Now every case is different but Newton did business with this shady company. There's no way around that. Why was this issuing not PR'd to us?
What I read is: he issued 2.1 billion shares to this company thinking the company was going to hold the stock as an investment. Many here are saying he did not issue 2.1 billion. I don't see where you are reading that. Several of the other victims in this case are extremely shady penny stocks, a couple of which of themselves been halted.
So I by no means am resting easy because they are not a defendant. That means nothing. What I learned from the other stock that was in this situation was the company management did not have the investors in mind and were not forthcoming. By the way this other company just continued to dilute as time went on through the two brokerages still able to trade it.
Also, I just don't understand how people are excited by the fact there might be more cases like this. That means Newton, not once, but multiple times issued shares to another company without PRing when all the while we were told THEY DIDN'T NEED THE MONEY.
IMO
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