Maybe one person believed the ridiculous acquisition PR??? , only thing that makes cent$ .......
Re: Quote: $0.0006 15,000 OTO 11:24:47 ------- WOW!!!! $9.00 worth of stock bought at High of Day!!!, lotsa confidence there!! CEO DAVE?, looks like a paint job.....you still remodeling the restaurant? sheeeesh :-D
Hmmm, an "Opinion Letter" discussing Rule 144, "more" shares gonna come to market without the restricted legend(s)???? As if the PPS could support that. Gee, and Daves Restaurant had their best Quarter Recently, I thought they were in such "great shape"....RESTRICTED STOCK???....or FREE TRADING STOCK?? My bet is on door #2 :-(
A common thing, but generally bad news for "Shareholders", a means to "DUMP STOCK" by Insiders.....IMO (and also the SEC's opinion) LOL
SEC Charges Attorneys for Fraudulent Legal Opinions Used by Promoters in Pump-and-Dump Scheme
(Excerpts) The Securities and Exchange Commission today charged two California-based attorneys as well as a California corporation and its owner for preparing and issuing fraudulent legal opinions involving unregistered stock that enabled promoters and others to sell shares in an illegal pump-and-dump scheme
drafted and executed at least 24 legal opinion letters that fraudulently induced the removal of restrictive legends on unregistered shares of XXX Corp. As a result, certificates representing more than 22 million shares of XXXX were sold to the public in violation of Rule 144, which governs the conversion of restricted stock that otherwise cannot be sold to the public. The SEC previously charged Mobile Ready and two of its officers in connection with the fraudulent pump-and-dump scheme that was made possible, in part, by the bogus opinion letters. .