Yolo
3 주 전
They haven't revised any reports earlier than that, so it isn't clear when or where he acquired those extra 15M shares.
I guess it's a good thing, as I've been complaining for years that Sharp doesn't accurately report his ownership of shares (never filed a Form 4 or anything). But it just seems... odd.
Specifically, it seems like the lack of disclosure while SEC reporting means something, but I don't know what.
And since they haven't revised anything earlier than June 2023, it isn't clear whether he owned those shares all along or if he purchased them after the crash of July 2022. I don't really get revising some but not all, he should be required to document the origin of those shares.
I'm sure optimists here will take this news as a positive, as that means Sharp stands to personally gain from WNFT doing well.
Yolo
3 주 전
There isn't any proof that Sharp is funding the hijacked shells. BF Borgers was the Auditor.
"SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings
...
BF Borgers was the Auditor for WNFT and SRNW.
Between this and someone else mentioning the latest filings, I got curious and checked them out.
I don't know what prompted this, but it looks like WNFT has filed revised quarterly and annual reports from June 2023 up until now. Which is interesting, because they were SEC reporting up until December 2023.
I didn't go through it in any detail, but I did notice one very large revision. In the original 10K for June 2023 filed with the SEC, Sharp was listed as owning 3M common shares of WNFT. Meanwhile in the revised annual report filed for June 2023, he is now listed as owning almost 18M.
They haven't revised any reports earlier than that, so it isn't clear when or where he acquired those extra 15M shares.
I guess it's a good thing, as I've been complaining for years that Sharp doesn't accurately report his ownership of shares (never filed a Form 4 or anything). But it just seems... odd.
marcis
3 주 전
Good post! GeorgejjI shyht shows
Lol, George is a total idiot. I'm not just talking about this shyt show, he has three other shytshows doing the same thing.
NOTHING. Heros don't bury their shareholders, if anything George is a loud mouth conman. He has destroyed many shareholders because of his deceitful intentions.
But hey, good luck anyways, your going to need it with that pos of a human being.
I-Glow
3 주 전
There isn't any proof that Sharp is funding the hijacked shells. BF Borgers was the Auditor.
"SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings
Washington D.C., May 3, 2024 —
The Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “Respondents”), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023. The SEC also charged the Respondents with falsely representing to their clients that the firm’s work would comply with PCAOB standards; fabricating audit documentation to make it appear that the firm’s work did comply with PCAOB standards; and falsely stating in audit reports included in more than 500 public company SEC filings that the firm’s audits complied with PCAOB standards."
BF Borgers was the Auditor for WNFT and SRNW.
Sharp was paying with equity not capital.
IG
Gman3343
3 주 전
Lol, George is a total idiot. I'm not just talking about this shyt show, he has three other shytshows doing the same thing.
NOTHING. Heros don't bury their shareholders, if anything George is a loud mouth conman. He has destroyed many shareholders because of his deceitful intentions.
But hey, good luck anyways, your going to need it with that pos of a human being.
Yolo
3 주 전
Then came Calasse. The dirty scum bag who destroyed the narrative and sentiment.
I'll point out that the price went up despite Calasse's shares and things could have progressed without any issues if Sharp hadn't gone after the shares.
Sharp himself tweeted that they were close in negotiations (he offered 10M shares, counter was 25M), which would have included canceling all of the preferred shares and given complete control to Sharp.
So the delay from the first hearing until now (2.5+ years) is all on Sharp, not Calasse. Maybe you'll accept this if NVSC rules against Sharp, or maybe you'll continue to blame anyone else but him, who knows.
dailyinvestingadvice
3 주 전
At this point Tyrus, there's nothing to lose imo. The damage has been done, and the damage was mostly done on July 8. But the fact that I was stubborn as hell and Calasse has put us through hell these last couple of years, I have no choice but to see this through until the very end. Best of luck with all of your endeavors, and yes, $WAX to the moon.
dailyinvestingadvice
3 주 전
So the way I look at it is that I knew after the initial collapse on July 8, 2022 that I wouldn't be selling any more. I did manage to make over $100k+ on the trade and paid off debt, took a couple nice trips, etc.
I actually started trading on the OTC back in late 2020 again with less than $5,000 to begin. The market was extremely hot and I was able to make a few quick trades that quickly skyrocketed my portfolio.
Then came $GOFF. At this point I was at roughly shy of $100k and decided to drop a crazy amount in (most of the money) in the first week of June 2021 at approximately .07 GOFF prices or .0233 $WNFT split adjusted.
A few weeks later, my purchase had ballooned to over $250k. It was the most euphoric high and elation I have ever experienced in my life, and it was like a drug that makes you feel invincible.
Then came the further run up in GOFF over the next several months, leading to a seven figure portfolio (if only for a few moments).
At this point, there was nothing stopping me from crossing the finish line. I was so close and had to see this through until the end.
Then came Calasse. The dirty scum bag who destroyed the narrative and sentiment.
Overall, I've learned to accept what has become. I could have made a high six figure or seven figure profit, sure. But I still own a good chunk of shares here, and that's the ultimate victory imo
Why? Because Calasse sucks. And ultimately what this experience has taught me, is that no matter what amount of money one has on a screen or portfolio, it can all be taken away in the blink of an eye.
And of course I realize that those investing a multimillion portfolio in index funds, for example, will with 99.9999% certainty not lose everything tomorrow.
But the point is, no matter how much money one has, we must learn to take one day at a time and seize the day.
If there's one thing this experience has taught me, it's that. Those priceless moments with family and friends, those memories that can haunt or bring you elation and joy. It's all part of the process.
And I know that as long as I'm still breathing, another small fortune can be made. Time and chance is a real thing.
I do agree that this has taken an insane amount of time, and when the stock initially crashed to .05-.06 I as well thought this would be resolved much sooner and perhaps we would see a run back to .15-.20 or more with relative ease (which I would have definitely taken more profits if that were to have happened).
But still bullish (eventually).
Cheers and thanks for reaching out Fear.
- Big Money Chalupa (formerly 10 Bagger and thinking about changing name to Small Money here soon) signing off.