The federal lawsuit filed in November 2015 by Multaply INC of Fort Lauderdale, FL, against many including former employees Eric Noveshen and Timothy Wagner, makes one wonder:
Was Eric Noveshen planning to take MULTAPLY public and pump-n-dump it like his other stocks, EDWY, SMEV, HIMR, PNOW, ECMH……? Is that why they are suing him?
Eric Noveshen was listed as an officer of the company and had a hand in registering Multaply in Nevada (Nevada laws do NOT require companies to make their shareholder lists public making it easier for pump-and-dump operators to stay behind the scenes unknown to potential investors/victims.)
Multaply might have been his next pump-n-dump. Thank your lucky stars penny investors- one less penny predator to fear.
One thought on “Was Noveshen Planning to Pump-n-Dump Multaply INC. Before Company Caught his Scamming Ways?”
The obvious answer is YES. Finance is patterns Noveshens history is pump and dumps has he raised any money for a company that wasn’t a P&D? Teamed up with John Boyle who grew up a lot in the last few years his business seems straight now but had his share of unclean. Noveshen no doubt convinced Boyle to let him take Multaply public and Boyle had now idea what the real plan was. If you look at state records now the INC doesnt exist. Boyle probably figured out that Noveshen + Lightman was a raw deal headed straight for red flags of P&D and didn’t renew Nevada company.