Cannabis company Liberty Healthy Science ($LHS) announced it sold a marijuana farm called Chestnut Hill Farm in Alachau, Florida last week in an arms length transaction for US $ 14.7 million. The sale also included dispensary license rights in Ohio under the name Mad River Remedies. A review of land transfer records in Florida shows the transaction appears to be more of a friendly party transaction between Michael Serruya and his investing partners the Schottensteins who are the original backers … Continue
20 Aug
SEC looking at New Names in Barry Honig Pump and Dump Scheme: $MGTI $MBVXQ
The Securities and Exchange Commission is trying to force one of the remaining defendants in the Barry Honig pump and dump scheme to turn over communication or documents that could show others role in the long running scheme. Yesterday the regulator filed a motion to compel against MGT Capital CEO Robert Ladd who refused SEC enforcement attorney Nancy Brown's demand for documents that relate to Harvey Kesner, Honig's long time SEC transaction lawyer, and others who invested in the company or are … Continue
7 Aug
Andy Defrancesco Secret Deals-Promoter Payoffs, Verano Shares pledged : $APHA $SOLCF
Cannabis company Sol Global Investments ($SOL.cn $SOLCF) posted positive net income in their year end financials but failed to discloses key details about one of their most valuable assets which is their shares of Verano. The Toronto based company is run by controversial investor Andy Defrancesco in the role of Chairman and Chief Investment Officer […]
Continue6 Aug
Honig’s Shell Factory Attorney Gregg Jaclin Barred as SEC lawyer
Microcap attorney Gregg Jaclin, formerly of Anslow + Jaclin LLP, has quit his three year fight against the Securities and Exchange Commission who accused him of running a multi-year shell factory scheme. Court documents show a federal judge in Central California approved a settlement on August 1 barring Jaclin from ever practicing securities law or […]
Continue2 Aug
Laidlaw assisted Barry Honig in Secret stock sales Pre-P&D of U.S. Gold: $USAU
This story has been updated Barry Honig is back in the hot seat for his role in the reverse merger of U.S. Gold. Chris Carey, editor of Sharesleuth, has a new investigative story out this week that tracks the money Team Honig alleged made in the alleged pump and dumps of U.S. Gold. This morning […]
Continue31 Jul
Cannabis ETF Executives Questioned on MSO investing Workaround: $YOLO
Cannabis Exchange Traded Funds are finally getting the green-light from U.S. regulators after Big Law has stepped up to shelter the registration process with the Securities and Exchange Commission. Cannabis Law Report, a publication covering legal challenges and rule making for the cannabis industry, asked me to report on the first two marijuana ETFs who […]
Continue3 Jul
Hedgies Bruce Bernstein, Brian Daly & Richard Abbe accused of stock manipulation in XpresSpa: $XSPA
Richard Abbe of Iroquois Capital and Bruce Bernstein of Rockmore Capital are back in the hot seat. In a new lawsuit filed this week the hedge fund duo stand accused of recently manipulating the stock of an airport spa business called XpresSpa. Last week $XSPA caught the attention of day traders when it had a […]
Continue18 Jun
SEC Pump & Dump Case leads to Barry Honig Banned from Penny Stocks
Microcap investor and promoter Barry C. Honig has agreed to be banned from the business of investing in and financing publicly traded small cap companies. On Monday June 17, 2019 the Securities and Exchange Commission asked U.S. District court Judge Ramos to approve a settlement with Honig and his investment fund GRQ Consultants. In September […]
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