Anyone who knows the title knows the problem, year after year of dilution and preferred warrant sales and options. Michael Panosian and co are well known to be some of the worst frausters on Wallstreet, tricking the public with good tools and then stealing their money when they want to help fund the venture with year after year 99% losses. There is a reason they guard their pictures and do not make themselves publicly known, and their earnings calls are as short as legally possible with only pre-scripted or even no questions allowed on the last calls. 

Go and listen on earnings calls Michal Panosian encouraging grandparents to buy their grandchildren shares and leave them for the future. Literally any share bought more than 1 year ago is worth less than 1 cent now. 99% loss for that grandparent and grandchild that Panosian was speaking to... 

Let's just put it this way, the stock started 2020 at 450$ a share. On April 15, 2022 they conducted a 150 for 1 reverse stock split, because the stock had fallen under a dollar (it was trading at 15 cents). One year later (April 25, 2023) the stock is again under one dollar. compounding 95%+ losses year on year even while the business flourishes and they are taking quarter million dollar per year salaries. 

Look into the history of the company and you see that Michael Panosian has a history of being sued for scamming people. This is not a person that should be in charge of a publicly funded company, more likely in jail. 

This company is responsible for stealing hundreds of millions of dollars each year from retail investors, and this petition is to alert the SEC and people in general of the problem and those who have been affected by it.

Despite having sold hundreds of millions of shares and dollars worth of equity, the company is now valued at approximately 13 million by the market. This is the price at which they sell new shares to the known to be toxic hedge funds. This is a breach of the fiscal responsibility that comes with running a publicly funded company. 

Now is the time to act because yesterday and 3 years ago was the time to act. Hundreds of millions have been stolen from e.g., those grandparents that Panosian was speaking to on those earnings calls, but there is nobody to fight for them. This board needs to be removed and prosecuted for violating the fiscal responsibility that comes with running a publicly funded company. 

This board does not see 'publicly funded company' as 'for the public' they see it as an easy way to line their pockets by stealing from the community.