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Raven Moon Entertainment, Inc. - GINA D ROCKS
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[QUOTE]Originally posted by PCola77: [QB] I think that's the thing that would be hard to prove. They could just say that they are using the R/S and subsequent dilution to fund corporate activities. Who's to say the $10million house and 2 yachst aren't normal compensation for a CEO of a company like this? (I made that stuff up as an example, but you know what I mean). I thikn you, me, and every other trader aware of it labels it a "scam", but without rule/law changes, or evidence of what would amount ot embezzlement, they can and probably will keep doing R/S until no one buys the stock anymore. [QUOTE]Originally posted by stocktrader22: [qb] [QUOTE]Originally posted by PCola77: [qb] They're doing nothing illegal, 22. [/qb][/QUOTE]I'm pretty sure that if it is blatant that reverse splits are being used for personal gains and to hurt shareholders the company could be shut down. I think WNSH or something close to that symbol got in trouble with the SEC for doing 5 reverse splits in 2 years. [/qb][/QUOTE] [/QB][/QUOTE]
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