Martin Shkreli: The Proverbial "Bad Penny" That Won't Go... Away.

MARTIN SIGNS UP TO COLLECT STOCK PURCHASE WARRANTS AND RESTRICTED STOCK, FROM A ’34 ACT REPORTING COMPANY… IN ARGUABLE VIOLATION OF HIS CRIMINAL CONVICTION ORDERS(?). WILD.

So... after he "lost" 100% of his (likely mythical) trading portfolio in a single day -- betting stupidly on a short that blew upward by 360% (also in a single day, liquidating his position on a supposed margin call). . . he says he's back as a "consultant" and connector -- to a optical computing R&D company.

Which would be fine. . . if Q/C Technologies, Inc. was a private company.

But it is a '34 Act reporting company -- it is a PUBLIC company, traded on the NASDAQ. Moreover, it has been working on commercialization of two therapeutic platforms based on well-defined targets: Isomyosamine and Supera-CBD.

It sum, it is a life-sciences focused (potentially FDA regulated) medical pot / drug discovery company [until just about two months ago, that is]. That reads directly on his FTC lifetime banning order, affirmed by the US Supreme Court in 2024.

In addition to being paid $150,000 cash a year, he will earn stock purchase warrants, and restricted stock.

Moreover, as I understand his FTC banning order's resolution (including accepting a agreed settlement of the over $12 million he owed in fines and penalties and expense reimbursement to the FTC, SEC and the US Attorneys offices in Brooklyn), he agreed never to accept a role, for pay -- at any public company doing pharma work. . . and, at least NOT payable in the securities of a public company. Ever.

I'll be back with some more specific citations (to his court ordered terms), but this is just. . . Stoopid, with two "Os".

Even if the company does actually "FLIP" -- to solely an optical computing developer, it still is closing out a. . . pharma biz. He cannot be around for that, for any type of pay.

[Meanwhile, he is still paying Dr. Koestler's lawyers month by month to continue to try to chase him for the now-nearly $8 million he owes under federal court judgments, to the Estate of Koestler (Deceased).]

Damn. Out.

नमस्ते