I believe you alleged that you were defrauded because you thought a worthless shell goes out of business and everyone gets nothing. Presumably, you sold and watched the price go up. So you were upset.
In fact, shells get bought out for the reasons that were previously posted. So you personally don't have much of an argument.
This article that was posted raises other issues. I don't know anything about it, other than having just read the threads on RB. From that, it appears that these characters have been under investigation for a long time and that the shares of DCI were suspended from trading. So it appears that this is old news.
The real key now to ROTI is whether the company has a real product and prospect of real sales. That is the key, not necessarily whether there was fraud on the part of those who hold the shares. That may come into play if they have to sell their shares. However, I suspect that they have made plans for someone to take over those shares. As part of the SEC settlement, if that occurs, they may have to disgorge their shares of profits, if any, to other shareholders who were "defrauded."
My point is that this doesn't necessarily make this ROTI transaction fraudulent and that it didn't appear to be new news to those who have followed it on the RB bull much longer than I.
What does this all mean? This may be a scam and go to 0, which I suspect will make you happy. On the other hand, they may have tried to salvage the only real operational part of the company through this reverse merger. If that is the case, the company will achieve a real value which is certainly greater than the value as a shell, the value that you felt was not worth holding when you sold.
I have no idea what the value of this may approach. The trading and chart appears to support a breakout in the .20-.30 area. However, if it's a scam, you will be right. Hope that helps. |
