If social media posts are to be believed, the management team at Abeona (ABEO) along with their thuggish lawyers and consultants made a very foolish decision last week. With a whole lot of downtime thanks to the Coronacraziness, the team at BuyersStrike! HQ will now be enjoying the vast majority of our distancing/isolation time devoted to uncovering everything at Abeona, its predecessor companies, its management team, its directors, its team of outside thugs, and its founders. What was before merely an offhand fancy has now become our focus. When dreams made real become less sweet, indeed!
Let’s start with a little essential reading on some of the crew who put the company together.
From The Wall Street Journal.
eight of the 31 companies that are recommended on the site say they have paid Bridge Technology Group, the closely held parent company of SmallCaps Online, for investor relations and investment-banking services. The eight companies have issued press releases listing Bridge Technology or StartUp Solutions, a name previously used by Bridge, as a “contact” for investors who want additional information.
Bridge Technology Group and SmallCaps Online are both led by Mr. Rouhandeh and both operate out of the same Manhattan office building. (Bridge Technology Group isn’t related to Bridge Technology Inc., a publicly traded Garden Grove, Calif., Internet company.)
U.S. securities law requires companies that are paid to publicize securities to disclose their compensation arrangements, including the amount of compensation they receive. Indeed, regulators have brought cases against Web sites that have issued glowing research reports on companies without disclosing that they had been paid by those firms.
From The Street.com:
Galena Biopharma (GALE) CEO Mark Ahn was fired by the board of directors at a special meeting held Monday, according to a source close to the company.
Ahn’s forced exit from the troubled Galena follows an internal investigation by the board which scrutinized the company’s hiring of an investor relations firm to engage in a stock-promotions campaign.
More to come. Perhaps we’ll also start a crowdsourced list of discovery questions for Rouhandeh, Ahn, and the rest of the clowns over at Abeona.
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