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  "documentTitle": "ADOMANI (ADOM)",
  "authorId": "61_White_Diamond_Research",
  "authorName": "White Diamond Research",
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  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
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  "pageNumber": 4,
  "pageCount": 16,
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  "notes": "The slide highlights specific legal and financial history omissions in a Private Placement Memorandum (PPM).",
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      "text": "The SOC PPM did not disclose that Dennis Ronald DiRicco (“DiRicco”), a principal officer of Adomani, was also a director and officer of SOC, according to securities notices SOC filed with both the Commissioner and the SEC in December 2012.",
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      "text": "(i) In 1982, Rogers was convicted of possessing a drivers' license or identification card with intent to commit forgery... (ii) Since 2008, multiple judgment and tax liens... (iii) In 2010, a lawsuit was filed against Rogers...",
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      "text": "Regarding Di Ricco, the Order states: 1. The SOC PPM did not disclose that Dennis Ronald DiRicco (“DiRicco”), a principal officer of Adomani, was also a director and officer of SOC...",
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      "kind": "paragraph",
      "text": "Starting in or about March, 2013, Rogers solicited investors for ADOMANI in which he was a shareholder. For each ADOMANI stock purchase attributed to Rogers' efforts, ADOMANI issued a matching number of shares to SOC.",
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      "kind": "paragraph",
      "text": "Among other transgressions, the Desist and Refrain Order states that the SOC PPM (Private Placement Memorandum) did not disclose the following material facts relating to Rogers:",
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      "kind": "quote",
      "text": "“Starting in or about March, 2013, Rogers solicited investors for ADOMANI in which he was a shareholder. For each ADOMANI stock purchase attributed to Rogers’ efforts, ADOMANI issued a matching number of shares to SOC. During the period of March 2013 through May 2013, Rogers, working in concert or participation with his local associates, induced at least 20 additional California residents to purchase over $200,000.00 in stock from SOC and/or ADOMANI.” — Desist and Refrain Order",
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