Feb 22, 2016
The guy Quiel is a piece of lint...
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The guy Quiel is a piece of lint...
RAADR CEO SAYS COMPANY IS DEAD FUCKING BROKE “Pump and dump” (P&D) is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme “dump” sell their overvalued shares, the price falls and investors lose their money.
The Company currently has no sales and limited marketing and/or distribution capabilities. Professional Fees. We expect to continue to incur professional fees in relation to maintaining our public reporting status with the Securities and Exchange Commission. During the period ended September 30, 2015, we incurred $6,708,912 in professional fees the Company has an accumulated deficit of approximately $12 million as of September 30, 2015, a net loss of approximately $7.2 million as of September 30, 2015. The Company currently has no sales and limited marketing and/or distribution capabilities.
The RICO Act provides both criminal and civil penalties. This means claims can be brought by prosecutors on behalf of the government, or by private individuals. In criminal prosecutions, the jury must be convinced of the defendant’s guilt beyond a reasonable doubt. This is the highest burden of proof that exists in the American legal system. Violations are punishable by up to 20 years in prison. The sentence can be increased to life in prison if authorized by the underlying crime. Offenders also face a fine of either $250,000, or double the amount of the proceeds earned from the activity.
As a tool for dismantling criminal enterprises, following a conviction the government is automatically given a forfeiture of all of the defendant’s interest in the organization. So not only do defendants lose all their money and property that can be traced back to the criminal conduct, but the organization itself can be severely crippled. And the government need not wait until after a guilty verdict, when the property expected to become subject to forfeiture may be difficult to locate. The rules of procedure in a RICO prosecution allow the government to freeze the defendant’s assets before the case even goes to trial.
@strousespecific #couponmom #really #raadr #HailMary press release. Vegas line shows 1000-1 odds on #raadr being successful. #notmykid
A QOUTE FROM #RAADR 10q
Only in America "The decrease in revenues and cost of goods sold during the three months ended September 30, 2015 as compared to that during the previous comparable quarter was directly related to the Company not having any active sales contracts or products in which could generate revenues" "As of September 30, 2015, we had $0 of cash on hand." "As of September 30, 2015, we had no employees."