Posted On: 04/11/2016 1:21:44 PM
Post# of 15187
I think if this goes to trial HJOE will request KBM produce their actual trading records for HJOE showing how much they really made.
Although there's nothing illegal about shorting a stock in itself. If those records prove KBM was shorting the stock and by doing so received more shares and more profit than they would have by simply converting the note into shares. The SEC could easily see this as a form of market manipulation by the Kramer's. Curt Kramer already settled 1 mess with the SEC for $1.4 million, FINRA labeled him "a bad apple". And his brother Seth had his own problems with fraudulent HUD financings.
I really don't think the Kramer's would like the SEC looking at their manipulative trading records for ALL the financings they've done.
Although there's nothing illegal about shorting a stock in itself. If those records prove KBM was shorting the stock and by doing so received more shares and more profit than they would have by simply converting the note into shares. The SEC could easily see this as a form of market manipulation by the Kramer's. Curt Kramer already settled 1 mess with the SEC for $1.4 million, FINRA labeled him "a bad apple". And his brother Seth had his own problems with fraudulent HUD financings.
I really don't think the Kramer's would like the SEC looking at their manipulative trading records for ALL the financings they've done.
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