Has anyone conducted an inquiry into the backrounds of the principal shareholders of TPRO, founders, and promotors?
After reading their most recent filing, it became apparent that two significant shareholders and promoters are former officers and directors of Cohig & Associates, a Denver penny stock firm. And, Steven Bathgate, was a key player in a firm, Wall Street West, that collapsed under regulatory and financial gravity. Cohig is the heir to many Wall St. West employees, including its president. Also, Cohig, a few years-ago acquired a near collapsed firm, Kober Financial, that was one of the most notorious of all penny stock firms in Colorado. It typically sold stock to the public where as much as 50% of the principal invested constituted a commission.
What is the point? I feel it is quite important to asess the judgement
of the officers and directors of a company. While these men don't appear to run the daily operations of TPRO, they do have significant influence. Did TPRO's key principals forgo a look into these mens backrounds? What else did they forgo? Who else will they bed-down with?
Food for thought.......... |
