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Counterfeit Shares & Market Manipulation in the Public Markets
Counterfeit Shares and the Public Markets
Mark R. Basile, Esq.
Aug 30, 20235 min read
How OTC Companies can Utilize SPACs to get Listed on a National Exchange
What is a SPAC? A Special Purpose Acquisition Company (“SPAC”) is a publicly traded company that has no formal commercial operations. A...
Eric J. Benzenberg, Esq.
Feb 27, 20235 min read
Derivative Liability and Its Implications for Shareholders: Can Directors and Officers Be Personally
A shareholder derivative lawsuit is an action brought on behalf of a company by a shareholder or group of shareholders that seeks to hold...
Christopher M. Basile, Esq. and Reed Baker, Esq.
Oct 17, 20224 min read
Social Media FUD (Fear, Uncertainty and Doubt) and its Impact on OTC Company Stocks
Our firm has been provided with reports from a company that specializes in market surveillance of social media postings affecting OTC...
Mark R. Basile, Esq.
Jun 23, 20224 min read
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’...
Eric J. Benzenberg, Esq.
Mar 29, 20224 min read
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...
Marjorie M. Santelli Esq. and Christopher M. Basile, Esq.
Feb 27, 20228 min read
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...
Eric J. Benzenberg, Esq.
Feb 18, 20223 min read
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...
Mark R. Basile, Esq.
Oct 22, 20216 min read
OTC Market Issuer’s Restructuring – A CFO’s Perspective
Having been the CFO of 4 publicly traded OTC Market issuers, I have been challenged to present those companies financial conditions not...
J. Richard Iler
Feb 9, 20213 min read
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,...
The Basile Law Firm P.C.
Feb 5, 20213 min read
Restructuring: Re-Boot towards Building a Microcap Company
A few weeks ago, a CEO of a microcap company was telling me a story all too familiar to microcap OTC Markets trading issuer CEO's. He had...
Mark R. Basile, Esq.
Feb 4, 20213 min read
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...
Mark R. Basile, Esq.
Jan 20, 20216 min read
Is There an Alternative to Litigation for a Microcap?
Why an Alternative to Litigation is better for Lenders and Funders: Over the past couple of years, I have seen more and more microcap...
The Basile Law Firm P.C.
Jan 19, 20212 min read
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
Mark R. Basile, Esq.
Sep 28, 20204 min read
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...
The Basile Law Firm P.C.
Jun 9, 20206 min read
Could The End of Toxic Convertible Notes Be in Sight?
It may happen soon, especially in states like New York, Florida and Texas, all of which have criminal usury statutes capping the amount...
The Basile Law Firm P.C.
Nov 13, 20194 min read
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...
Mark R. Basile, Esq.
Nov 13, 20196 min read
Is A Convertible Note a Security?
Convertible Note Stock may NOT be eligible for Resale after 6 months but may also be subject to state Usury Laws. The deadly toxic...
The Basile Law Firm P.C.
Nov 13, 20199 min read
THE FRIDAY THE 13TH CONVERTIBLE NOTE MASSACRE
HEY CONVERTIBLE NOTE HOLDERS – LET’S MAKE A DEAL! Turns out that Friday the 13th is also unlucky for toxic convertible note-holders! I...
The Basile Law Firm P.C.
Apr 18, 20186 min read
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