I've said it before, and I'll say it again; I don't like people who break things. This company, which - like you - I own a chunk of, is being screwed with by a bunch of unscrupulous, malevolent, SOBs.
Hence my letter to the SEC:
<< SEC website>>
Dear Sirs,
Would you please have someone look into the legality and intentional effects of the huge volume of trades being made in AGTI shares over the past month.
It is the opinion of a number of the stockholders, myself included, that this trading is solely being used to siphon off monies necessary for this company to reorganize.
This, in my opinion, is being effected by persons who had (or have had access to) inside information into the companies condition - and they are using REG-S conversion options (which are now illegal) to batter this company into collapse. This statement does not apply to the current CEO of AGTI, Mr. Dan H. Scott - who may be capable of saving this company, or his direct predecessor, Mr. Tom Nieman, whom I believe are both very honorable men.
Millions of shares per day are being moved by whom I believe to be the same persons, creating a small artificial price gap, which they are able to skim for their personal gain. I believe these trades are being made without the burden of brokerage fees, or any other incumbrances encountered by legitimate investors.
Small investors may be being led to believe that this is legitimate trading activity, and enticed into purchasing shares in AGTI by "postings" on stock interest bulletin boards by the same persons making the self-serving trades (or possibly by their "blind", "pump & dump" posting associates, acting on their behalf).
If there is a way to halt trading, or scrutinize and supervise trading of AGTI stock, while the new management gets things straightened around, the legitimate investors in AGTI may be able to salvage some of our investment.
If no action is taken, I believe that the individuals who have these options, or whatever conversion privileges, will bankrupt this company in a very short period of time. Their actions are clearly meant to be totally self-serving and of no regard for the good of the company.
Mr. Dan H. Scott, the new CEO, is trying to rescue and turnaround this enterprise; and the unscrupulous SOB's jerking the stock price up and down are thwarting his honest efforts.
We need your assistance immediately.
Thank you for your review.
Respectfully,
J. Hollen
stockholder: AGTI |
