Counterfeit Shares & Market Manipulation in the Public Markets
Counterfeit Shares and the Public Markets
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Mark R. Basile, Esq.
Apr 7, 20234 min read
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
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Eric J. Benzenberg, Esq.
Feb 27, 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...
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Mark R. Basile, Esq.
Feb 9, 20233 min read
Merchant Cash Advance Industry in New York – Not so Fast!
Merchant Funders, companies that purport to purchase future accounts receivables from small underfunded private and public companies, and...
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Mark R. Basile, Esq.
Jan 31, 20236 min read
Should Default Interest be Included in a New York Criminal Usury Analysis
Default Interest and Criminal Usury - Should New York recognize default interest rate and charges on loans for usury purposes
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Eric J. Benzenberg, Esq.
Mar 29, 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’...
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Marjorie M. Santelli Esq. and Christopher M. Basile, Esq.
Feb 27, 20228 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...
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Eric J. Benzenberg, Esq.
Feb 18, 20223 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...
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Christopher M. Basile, Esq.
Nov 15, 20214 min read
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...
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Mark R. Basile, Esq.
Oct 22, 20216 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...
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J. Richard Iler
Feb 9, 20213 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...
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Mark R. Basile, Esq.
Jan 20, 20216 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...
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The Basile Law Firm P.C.
Jan 19, 20212 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...
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Mark R. Basile, Esq.
Sep 28, 20204 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
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The Basile Law Firm P.C.
Jun 9, 20206 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...
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The Basile Law Firm P.C.
Apr 19, 20203 min read
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...
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The Basile Law Firm P.C.
Nov 13, 20199 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...
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The Basile Law Firm P.C.
Apr 18, 20186 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...
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