Posted On: 06/08/2014 11:17:21 AM
Post# of 36728
This is a dire situation. The company can never raise any money. No convertible notes, no stock offerings etc.
You, the SEC, just put a company out of business.
Suppose the merger goes thru. Acquisition Corp is formed. Uptier happens. Same management. Same threat of suspension looms.
Look at this from a jury point of view.
1) Outrageous gross revenue,
2) Outrageous A/R that currently goes to written off bad debt.
3) Outrageous net profits
4) Outrageous convertible notes. That is Crystal Falls.
I somehow felt somehow all this was explainable. So far it is not.
Nor will it ever be.
Folks a new company with new corporate officers, with no Iequity stake is the only way to salvage this mess. Same management, same suspension threat.
Folks this looks criminal to me.
You, the SEC, just put a company out of business.
Suppose the merger goes thru. Acquisition Corp is formed. Uptier happens. Same management. Same threat of suspension looms.
Look at this from a jury point of view.
1) Outrageous gross revenue,
2) Outrageous A/R that currently goes to written off bad debt.
3) Outrageous net profits
4) Outrageous convertible notes. That is Crystal Falls.
I somehow felt somehow all this was explainable. So far it is not.
Nor will it ever be.
Folks a new company with new corporate officers, with no Iequity stake is the only way to salvage this mess. Same management, same suspension threat.
Folks this looks criminal to me.
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