Florida Courts Should Apply New York’s Adar Bays Analysis to Determine Usury
Usurious loans have been the scourge of finance since early times. Despite being condemned as wrong and sinful for over 4000 years,...
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Gustave Passanante, Esq.
- Mar 29
- 4 min
Why a CEO MUST Consult an Attorney Prior to Amending a “Choice of Law” Provision in a Contract
Most laws in our country don’t tend to differ much between states. In fact, it’s probably accurate to say that a majority of states’...
190
How RICO and the Adar Bays Decision Can Help Microcaps Recover Losses Caused by Toxic Lending
On October 14, 2021, the New York Court of Appeals issued its decision in Adar Bays. The Adar Bays decision put a major dent in the...
823
Eric J. Benzenberg, Esq.
- Feb 18
- 3 min
Toxic Lender's Stall Tactics Fail in Minnesota State Court
After commencing litigation against DarkPulse, Inc. in a Minnesota State Court, convertible note purveyor Carebourn Capital, L.P. has...
739
Gustave Passanante, Esq.
- Nov 22, 2021
- 5 min
Counterfeit Shares & Market Manipulation on the OTC Markets
There has been an abundance of discussion regarding “counterfeit shares” flooding the OTC markets amongst retail investors for quite some...
1,276
Catherine Gretschel, Esq.
- Nov 15, 2021
- 4 min
How Toxic Lenders are Responding to SEC Investigations and Enforcement Actions
As many of you already know, and for those CEOs of small public companies that do not know, the United States Securities and Exchange...
1,621
Mark R. Basile, Esq.
- Oct 22, 2021
- 6 min
New York's Highest Court Rules Convertible Notes Subject to Criminal Usury Laws
The Basile Law Firm P.C. has been steadfast in representing our OTC Markets issuer clients in both federal and state courts around the...
2,062
Joey Chancis
- Feb 14, 2021
- 5 min
From One OTC Markets CEO to all of the Others - Toxic Convertible Debt Will Ruin your Company
It was the hardest lesson I have ever learned. It cost me everything. The Business, my personal investment, my reputation and most of all...
269
The Basile Law Firm P.C.
- Feb 5, 2021
- 3 min
Beware of Fake Corporate Restructuring Groups
Our firm receives dozens of calls from small public companies that have been misled by rogue advisors claiming they do restructurings,...
144
Mark R. Basile, Esq.
- Jan 20, 2021
- 6 min
OTC Markets Death Spiral Funders Days may be Numbered
For the last several years, toxic convertible note funders have had their way with small, under-funded OTC Markets publicly trading...
4,399
Eric J. Benzenberg, Esq.
- Jan 16, 2021
- 7 min
Merchant Cash Advances - What You Should Know
How did the Merchant Cash Advance industry transform into a greedy, bloodsucking system of usurious loans?
720
Mark R. Basile, Esq.
- Jan 7, 2021
- 4 min
TOXIC DEBT STOCK REPAYMENTS TO LENDERS MAY BE THE NEXT TIME BOMB UNDER BANKRUPTCY AVOIDANCE LAWS
Lenders Forced Stock Conversions may be attacked in Bankruptcy as a Fraudulent Conveyance
225
Mark R. Basile, Esq.
- Sep 28, 2020
- 4 min
The New Type of Convertible Note Transaction on the OTC Markets – a Dirty Trick?
Professor Basile covers a new lending instrument by Toxic Lenders on the OTC Markets
812
Mark R. Basile, Esq.
- Sep 4, 2020
- 4 min
OTC Market Issuers May Recoup Hundreds of Millions from SEC Actions against Toxic Lenders.
Many CEO’s and investors in small public companies trading on the OTC Markets are closely following the SEC lawsuits instituted against...
2,388
Mark R. Basile, Esq.
- Jul 20, 2020
- 6 min
Should the NY Attorney General Expand its Investigation to Convertible Note Lenders - Usury Laws.
Our law firm is known for taking the position that fixed discount convertible notes used to finance small underfunded public companies...
260
The Basile Law Firm P.C.
- Jun 9, 2020
- 6 min
Transfer Agents and a new Standard for Rule 144 Opinion Letters
Transfer agents require convertible note holders to supply a legal opinion letter from a securities attorney explaining the legal basis...
720
The Basile Law Firm P.C.
- Apr 19, 2020
- 3 min
SEC Finally going after Toxic Convertible Note Debt Lenders
The OTC Market is plagued with thousands of small public companies taking thousands of small loans in the form of convertible debt. If an...
9,054
The Basile Law Firm P.C.
- Nov 13, 2019
- 4 min
COR CLEARINGS BULLETIN RELEASE
Below is a Bulletin that COR CLEARING published several months ago dealing with Convertible Notes. It's important to focus on COR's...
66
Mark R. Basile, Esq.
- Nov 13, 2019
- 4 min
Microcap Transfer Agents: Friend or Foe?
I was prompted to write this article based on some disturbing information I had found out about a fairly well known and active transfer...
159
Mark R. Basile, Esq.
- Nov 13, 2019
- 6 min
Microcap Terrorism - A Warning to OTC CEO's
There are many forms of terrorism in this world playing out right before us and we are all somewhat familiar with the political form, but...
5,160