Oct. 1 at 4:49 PM
$CLIS @sgabrel21 @mt_zzz I thought from reading the CLIS / DGF lawsuits from about 1 to 1.5 years ago, that Smith/CLIS was trying to distance himself from Frank and Lenny. However there’s no current evidence of that.
It is my opinion that Frank & Tucker never intended to repay the
$600,000-ish loan to DGF, and the plan all along was to get DGF to agree to cheap shares instead.
It is also my opinion that Smith knew illegal acts occurred at CLIS before and while he was CEO. It’s my opinion that part of the reason Smith was brought in in late 2023, was that Frank had no intention of signing off on the (still outstanding) 10-K. I believe that when Smith saw the shenanigans involved, he too refused to sign off.
In my opinion, Frank and Lenny strangled CLIS and Smith killed it. It appears to me Smith refused his fiduciary duty to protect shareholders and file the 10-K with the truth. Smith knew the SEC wanted info from him and CLIS (I have proof) but he hid instead.
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