Today we launch Phase2 of legal action. I est. size of damages to $GNS from illegal trading over $150 million and may be much higher. If shareholders agree my preference is any/all win = 50% special dividend of restricted stock to shareholder, 50% to fund fighting #Naked Shorts.
ie. Use all wins from #NakedShorts to fight #NakedShorts. Imagine if all CEOs & companies did the same. We could have the funds & army to win this thing.
BTW these are my personal views and any final decision needs $GNS Board & Shareholders approval. For now we've moved from tracking & assessment phase to litigation phase. Phase 3 = Court action.
This was the vote from earlier. So my 50/50 suggestion is based on this. If shareholders want to give some of their dividend to charity that's their own choice.
The 8 Step Playbook shared on CEO Roundtable (watch here): youtube.com/live/iRVqVEJK6… - Share with your CEO / Board if the co suspects #nakedshorts - 8 steps below...
(1/10) Step 1: Hire ShareIntel or @buyinsnet to track shares for 30 days. More likely low share price is due to (A) unhealthy business (B) toxic financing than (C) naked shorts. Get proof first.
(2/10) Step 2: Hire specialist lawyer like Wes Christian to advise on steps during first 30 days so the CEO & Board are prepared with next legal steps if/when they have proof of naked shorts.
@BreakTheToy@Hil_Davis@palella@SteveReinharz (3/7) Roundtable Guest: Brian McFadden @BreakTheToy - CEO of Cryptyde $TYDE. Exec at $BBIG which did a spin-off of Web3 sub $TYDE as a special dividend in 2022. Company FY23 guidance $60M revenue. Market cap down 98% to $7m market cap. cryptyde.com
(1/5) Details on how our $GNS $10 NFT Coupon (announced today) will work. By being on blockchain on @UpstreamXchange each shareholder can be verified and we can issue further coupons in the future to keep #nakedshorts constantly on their toes.
(2/5) Step One: We expect to get approval to dual list on @UpstreamXchange in Feb, in time for the count date on Feb 28. You don't need to move or trade any $GNS shares from NYSE to Upstream to get your NFT Coupons.
(3/5) Step Two: We'll give all shareholders the link to set up account on Upstream, and those with shares on Feb 28 will then get one NFT for full shareholding. eg. If you have 100 shares, you get a $1,000 NFT. If you have 100,000 shares, you get a $1m NFT.
Top 5 Things I’ve Learned About #NakedShorts-Busting Special Dividends (No.1) Cash dividends don’t work as crooked brokers would rather pay dividends out of pocket and keep counterfeit shares hidden than have to cover. It’s a cheaper ‘cost of doing business’…
Top 5 Things (No.2) Blockchain based dividends force brokers to have to cover and clear counterfeit shares or be exposed. But approval process can take 6 months or more. Plus DTCC won’t distribute so needs 3rd party distribution. So can work but slow solution…
Top 5 Things (No.3) Merger or Spin-off can have same effect as No.2 in flushing out naked shorts and can be faster to get approval as they are more common practice. So more like 3 months. Faster but still not fast enough. Good solution if co has strong assets in subsidiaries.
Wall Street is throwing everything at $GNS - Buy side trading limits, launching options trading, negative rumours (all we were warned of). Meanwhile, here's my $GNS shares: Printed certs, locked up, off market, out of hands of brokers & #NakedShorts. Hold strong. #NakedShortsWar
Anti-Short Tip 1: Get co. stock transfer agent to issue printed shares. So out of market / out of hands of shorts. $GNS agent is vStock. Don't leave your valuables in a bank vault if you don't trust the bank.
Anti-Short Tip 2: Second best is to DRS your shares via same stock transfer agent. So still electronic but out o hands of brokers. Here's how vStock explains the process: vstocktransfer.com/drs-transfer
@johnbrda@Jfromm1968_CRTD@KL_Copeland@faulkingtruth@dlauer 1. Roundtable Moderator: Kristina Leigh Copeland @KL_Copeland - Director, “The Wall Street Conspiracy”, produced in 2012 to shine a light on naked short selling. Now 10 years later, and Kristina is producing a sequel: Down the Rabbit Hole. Full movie:
@johnbrda@Jfromm1968_CRTD@KL_Copeland@faulkingtruth@dlauer 2. Roundtable Guest: John Brda @johnbrda - Past CEO of Torchlight $TRCH - Currently taking legal action against FINRA and brokers for trading halt on $MMTLP Series A and leaving investors in limbo. Interviewed him on last week on his fight. Interview here: