TraderThew
2 years ago
Have you seen the LCLP SEC filing, mentioning, at the time, that convertible note holders from Florida were putting significant pressure and control on the company. Search "Life Clips Resignation letter CEO". One of the note holders was Ben Kaplan. They find or form these type of companies to pump and gut them. They use mergers with Canadian companies that don't list controlling interests and give themselves endless shares to dump. And then they reverse the deals and go silent. The MMs that do this shit are even worse, they know what they are doing. These people have brought bad carma on themselves. They can't trust literally anyone anymore, because they know eyes are on them. If I was the Department of Homeland Security, or the Secretary of State, I would be pretty pissed that foreign corporations are being used to steal wealth from middle class Americans, in such a way as these scam companies. Any good American leader understands that this behavior is an issue of national security. No BS. This is too common.
TraderThew
2 years ago
They so heavily compensated the CEO that they are "unable to quantify" the total amount of discrepancy!!! Really? Now we go delinquent, and they dissolve and move that compensation to the next scam. Not even a fine from the SEC. No investigation? Nothing. Same thing with LCLP, MPIA, EHVVF, etc... a list of companies are exploiting this way. LCLP financials were too difficult and so Belfrics group ran for the hills in the same way. Never having to provide actual financials. They hide controlling interests in Ontario corporations that didn't require registry of individuals with controlling interests, until January 2023, when Ontario changed that rule.