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Posted On: 08/27/2021 4:04:58 PM
Post# of 153937
Re: MoonShot303 #101812
Fife's selling is his business model.
It's in the SEC's complaint against him filed last year.
He's not investing in the company. He's just loaning money at a high interest rate. It's simply a means to an end for both him and Cytodyn. It can still work out well for us with great trial results but in the meantime the downward pressure continues.
It's in the SEC's complaint against him filed last year.
Quote:
Defendants business model has been to buy convertible promissory notes a type of security from penny stock issuers, convert the notes into newly-issued shares of stock, and rapidly sell those shares into the public market at a profit.
He's not investing in the company. He's just loaning money at a high interest rate. It's simply a means to an end for both him and Cytodyn. It can still work out well for us with great trial results but in the meantime the downward pressure continues.
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