Just a wild cat.
Rio de Janeiro, Brazil
Joined July 2022
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lol
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SEC sues David Reichman of $GTII for violations of 10b and other violations of federal securities laws. Wow. Just hit my email. Haven’t read. At dinner. Will read later and update.
sec.gov/files/litigation/com…
Unfortunately, management was using “naked shorts” to explain the high volume that was actually a result of their unlawful conduct.
But that’s not what they’re doing. They’re arguing that the case is more proper in Federal District Court because issues of federal law (that aren’t title 11 issues (AKA bankruptcy)) predominate the case. There’s merit behind the argument to withdrawal to the district court.
