Ecomike
2 months ago
Yes it is possible. No amendment is needed.
Insiders that held 5% ceased to be insiders when the OS increased and are not required to be, or allowed to be listed, unless they are officers or directors.
Those with less than 5% that were reported early on in past years as newly issued share holders from the R/M, did not need to be reported again since the first report
since they did not own 5% or more of the OS.
The CEO has no control over the removal of restrictions on restricted shares. The TA does, not the CEO.
And removal of the restrictions requires an attorney letter that has a huge $$$$ cost.
Even then there is almost zero way to get OTC shares into the market and sold once they are unrestricted since the SEC changed the laws in 2021.
Good luck finding a broker that will even take them, unless the stock is on Nasdaq.
ChaseDog31
2 months ago
Not every insider can have the same number of restricted shares in the Q1 report as they had in the Q4 report, Passalaqua. Tens of millions of insider shares went unrestricted in Q1 without any change in the total outstanding shares, and yet all the insiders show the same number of restricted shares in your chart. Not possible. You need to amend this report yet again, a quarterly occurence for you.
You not only steal tens of millions of shares from the company treasury to reimburse staples and scotch tape, you have the accounting skills of a 3rd grader and the focus of a Jack Russell puppy.
You are unfit to be the CEO of an ice cream truck, let alone a pharmaceuticul company. Let's hope the complaint i filed about your criminality gets to the top of someone's inbasket in short order so this long nightmare of larceny and zero leadership here ends post haste. I am ready to testify as lead complainant.
Ecomike
3 months ago
The current CEO's, issued to himself shares, are still a crime under New York State law where he lives. It is Usury law he violated.
If he does not cancel them he can end up in jail...
The Hovis mass issued shares, are a different issue.
They could still some day prove they were justified if NDTP suddenly becomes a major TBI Bio-Tech firm..
So for now I wait...
But lately I doubt it, because if they do, it proves once again this CEO perjured himself in prior filings when he tried to
run that EU cancer scam, cook the books deal..
Question is, did the Insiders, desperate to replace a dying CEO, trust a scum bag to keep NDTP current, one that back stabbed them later? Or did he issue those shares to himself, for extortion, or similar purposes...
At least the stock is Pink Current, and not dead...
Ecomike
3 months ago
Dude, CEOs have no control over the unrestricting of restricted shares.
It takes an attorney letter opinion, Proof of when and how they were bought, and TA approval,
The CEO's share are all still restricted, 100% of the listed Insiders including LK, with 10% or more of the OS are stuck until they reach Nasdaq.
The small fry with less than 5% of the OS, no longer listed as 5% or more insiders, are the unrestricted shares.
No major US Brokers will take those OTC shares anymore, until they are Nasdaq shares (call them and ask, Fidelity, Schwab, E-Turd)
And if they use a low life not in the US firm, the MM's are only allowed to sell 10% of the prior days volume of them.
They are just as stuck as everyone else. The lack of volume, and rally is very telling IMO.
Ecomike
4 months ago
May be time for me to offer the CEO .00025/share for his shares, double his money, give him a legit exit plan, and let us take over,
and do something real here.
I figured out where to file and get the State of New York to lock up his ill gotten shares and fine him for real money, for violating state law
for loan sharking. Several OTC stock insiders got nailed the last 4 years under New York law, where the Superior Court of NY,
forced the insiders to return and cancel shares. Might be able to do the same for all the other NDTP insiders shares issued at the obscene Loan sharking rates...
I obviously got their attention over the IRS threat, based on the corrected filings for last year.... Where they amended the filings.
So they did read what we posted, and did a CYA fillings amended filings...
Only thing holding me back is that even the recently unrestricted shares have not sold any to retail for 3-6 months.
Why?
Are they close to a deal to clean up this mess and do something real? All they need is a Real Operating CEO and business plan.
This is not the only OTC ticker that suffered Chaos and Mayhem the last 4 years
Ecomike
8 months ago
Looks like the Thieves of NDTP shares better return them fast now, including the CEO.
I will be adding this to the pending suit and federal and state agency complaint filings aimed at the Officers (not the company) and insiders that gave the past and current CEO this kind of control, if needed.
"The recent NY Court of Appeals decision, a decision that cannot be further appealed, reflects our long stated and correct legal position from the beginning that a convertible note is not only subject to New York’s usury laws, but the conversion discount (when the debt is converted to stock based on a mathematical formula presenting a discount to the trading price of a public company’s stock) must also be considered interest. The NY Court of Appeals also agreed with us and affirmed that a violation of New York’s criminal usury statute (charging interest 25% or over - Penal Law §190.40) voids such loans; the lender loses both principal and interest, that the loans are void ab initio and must be cancelled by the courts. "
This looks like the law firm to use:
https://www.thebasilelawfirm.com/post/new-york-s-highest-court-rules-convertible-notes-subject-to-criminal-usury-laws
This is all we need to force the current and past CEO to surrender the ill gotten shares they stole according to this court decision.