IncredBS
3 years ago
The sad part is the company could have been successful, look at Tommy Copper, or what ever it's called, it's everywhere. Personally I like the products, knee sleeves, leg sleeves, even the socks. The greedy bastard thought since he created the products he deserved it all. He had some real smart people interested in helping him out, but no, he knew it all and the company has been stagnant.
pantherj
5 years ago
No. But, if your attorney can determine that any securities laws specific to California were broken, it might be wise to add a California attorney. Each state has their own securities laws, and, even though a corporation is organized/registered in a different state, it still may run afoul of state laws if it sold shares to a particular states people, or other wise operated in that state. IMO, STAU fits the bill in both regards.
Let us know of any progress you make. I have a feeling that there are many who would lone to sue Corley. It just needs someone to take the first step and get the ball rolling. Corley has swindled a lot of people.
pantherj
5 years ago
Until Corley files a legitimate report the stock has no value. Its not that the company isn't making money; it is that all the money goes to one single person. Those who put up the money to fund the business, shareholders, have been shunted aside, lied to, then ignored, and now annihilated by Corley's Reverse Split. He has utterly destroyed the lives of some; and he did so knowingly.
pantherj
5 years ago
Since I primarily track scams, I have seen a 1:10,000 ratio occasionally. I have never seen one recover from it and become a successful company, though. One particular stock went on to reverse split 5 or six times. When it was all said and done, the splits summed up to a 1:4,000,000,000,000,000 (4 quadrillion). The owner eventually ended up in prison, but is now out and back in bus.