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Posted On: 11/10/2024 8:05:59 PM
Post# of 12996
Maybe these folks can lend a hand?
https://www.linkedin.com/company/thebasilelaw...actor-name
Could what the doctor orders? Maybe try some oversight and put an end to disastrous effects of toxic convertible notes that use a public company’s stock to repay the obligation?
Oh wait! Forgot the company has been insolvent since day 1. lmao!
spending 800K+ on SG&A in a year and the company is insolvent? lol
in my opinion
cheers
https://www.linkedin.com/company/thebasilelaw...actor-name
Quote:
The Basile Law Firm P.C. is a public company restructuring and securities litigation firm with offices in Dallas, New York and Naples, focusing on helping public companies trading on the OTC Markets, NASDAQ and the New York Stock Exchange unwind bad financial deals that have destroyed shareholder value and corporate capitalization. The Basile Law Firm P.C. is focused on rehabilitating public companies from the disastrous effects of toxic convertible notes that use a public company’s stock to repay the obligation. Since market adjustable securities use the public companies stock price at the time of repayment, continued partial repayments through note conversions create a death spiral situation that rapidly plummets stock prices and decreases corporate valuation.
Our investigations and experiences in securities litigation with these funders on behalf of small public companies revealed that most of these so-called “investment funds” have not registered with a Self-Regulatory Organization such as FINRA, as the securities laws require. If the funder operates a business buying and selling securities for its own account, the Securities and Exchange Act of 1934 requires them to register. Registration provides oversight and compliance in the marketplace and is the keystone of the securities laws.
Could what the doctor orders? Maybe try some oversight and put an end to disastrous effects of toxic convertible notes that use a public company’s stock to repay the obligation?
Oh wait! Forgot the company has been insolvent since day 1. lmao!
spending 800K+ on SG&A in a year and the company is insolvent? lol
in my opinion
cheers
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