Forest Resources Mgmt. Corp. (fka FTRM)

[Renee]

FTRM: Finra deleted symbol:

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/15/2014&mkt_ctg=NON-OTCBB

[scion]

Court Permanently Enjoins Attorney William J. Reilly in Fraudulent Sale of Securities

Litigation Release No. 21252 / October 16, 2009

SEC v. Forest Resources Management Corp., et al., Civil Action 09 Civ. 903 (JSR) (SDNY)

Court Permanently Enjoins Attorney William J. Reilly in Fraudulent Sale of Securities

The Securities and Exchange Commission announced that on October 15, 2009 the United States District Court for the Southern District of New York entered a judgment on consent against defendant William J. Reilly, of Boca Raton, Florida, an attorney admitted to practice in New York. Without admitting or denying the allegations of the Commission's complaint, Reilly consented to the entry of judgment, entered by Hon. Jed S. Rakoff, that permanently enjoins him from further violations of Sections 5(a) and 5(c) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The judgment permanently bars Reilly from serving as an officer or director of any public company, and from participating in an offering of any penny stock. Finally, the judgment provides that Reilly will disgorge his ill-gotten gains and prejudgment interest and pay a civil penalty in amounts to be determined by the Court.

The Commission's complaint alleges that Reilly and others made material misrepresentations concerning Forest Resources Management Corp. to Forest's transfer agent in order to obtain millions of restricted shares without the required restricted legend. A registration statement was never in effect for the shares issued to Reilly and his nominees. Reilly and his nominees then sold these unlegended shares on the open market, falsely holding them out to the investing public as free-trading shares, when in fact they were restricted stock. Reilly received more than $84,000 from the improper sale of these shares. In addition, Reilly filed a Form 8-K with the Commission on behalf of Forest which Form 8-K falsely represented that Forest had acquired substantial timber rights in Central America.

The litigation is continuing to determine the amount of disgorgement, prejudgment interest, and civil penalties against Reilly and the other defendants, Chaim Justman and Pinchus Gold.

For further information, see Litigation Release No. 20878 (Feb. 2, 2009), Litigation Release No. 20980 (Mar. 31, 2009), and Litigation Release No. 21080 (June 11, 2009).


http://www.sec.gov/litigation/litreleases/2009/lr21252.htm

[DDhawk]

FRAUD , per SEC
I found the same thing as the previous poster , blazened acroos my Google search for info. It is posted as a "Grey Market" stock on Pinksheets. Guess the SEC forgot to put these guys in 'jail' where they belong.
Don't fall for it.

[nosecret]

U.S. SECURITIES AND EXCHANGE COMMISSION
FTRM
Litigation Release No. Civil Action 09 Civ. 903 (JSR) (SDNY)
SEC v. Forest Resources Management Corp., et al., Civil Action 09 Civ. 903 (JSR) (SDNY)
Securities and Exchange Commission Charges Forest Resources Management Corp. with Fraud
The Securities and Exchange Commission ("Commission") announced today that it filed a complaint in the United States District Court for the Southern District of New York alleging that Forest Resources Management Corp. ("Forest"), Chaim Justman ("Justman"), William J. Reilly ("Reilly"), and Pinchus Gold ("Gold") defrauded investors, and reaped approximately $800,000 in unlawful profits by fraudulently procuring unlegended, purportedly free-trading shares of Forest stock, and then selling these shares to the investing public after Forest's false and misleading material misrepresentations and omissions about its business operations artificially increased demand for that stock.

According to the Complaint, Forest is and was a public shell company that at all relevant times had no income or assets. From June through October 2006, Reilly, Justman and Gold acted together to make material misrepresentations to Forest's transfer agent that provided false justification for the transfer agent to issue millions of restricted shares to Justman, Reilly, Gold, their nominees and others without the required restrictive legend. Justman, Reilly, Gold and their nominees were thus free to, and did, place these unlegended shares in brokerage accounts they controlled, and sold many of these shares in the open market, falsely holding them out to the public as free-trading shares, when in fact the shares were restricted stock. A registration statement was never in effect for these transactions in Forest's stock

The Complaint further alleges that Justman, Reilly and Gold sold more than a million shares of the improperly unlegended shares to the investing public, after Forest, Justman, and Reilly began issuing a series of false statements to the investing public regarding Forest's assets and commercial prospects. For example, Forest, through Justman and Reilly, misrepresented in a filing with the Commission and in press releases that Forest, based on a share exchange agreement that it had purportedly entered into with a company called Opus Management Group, Ltd., held valuable timber properties in Central and South America. These statements were false because Forest had not entered into any signed agreement with Opus, and because Opus had not direct or indirect ownership of timber properties.

Reilly is a New York City attorney living in Boca Raton, Florida. Justman and Gold both live in Brooklyn, New York.

The Commission's complaint charges Forest, Justman, Reilly, and Gold with violations of Sections 5(a) and 5(c) of the Securities Act of 1933, 15 U.S.C. §§ 77e(a) and 77e(c), and with violation of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 77j(b), and Rule 10b-5 thereunder, 17 C.F.R. § 240.10b-5.



http://www.sec.gov/litigation/litreleases/2009/lr20878.htm

[boogaloo]

flaflyers, Good. I'm all for these scumbag MFer pinksheets being busted. I put a little in when it was making a move a few weeks ago, made a small profit quickly and got back out. Their PRs were a joke.

[flaflyersfan]

sandbath, FTRM suspended by the SEC;

http://www.sec.gov/litigation/suspensions/2007/34-55112.pdf

Hopefully after this post that I am responding to with 7 questions asked; you did not throw your $$ at it LOL!

Good luck.

[riksea]

Sandbath: The latest news release has contact info. Re: R. W. Schaum, CEO of FTRM Tel# [phone] I'm glad this worked out in the right direction. He is also listed on the company website as CEO.

[riksea]

Sandbath: That's what "He" (the person) on the phone told me.
Why don't you call him too! 561-909-9638 (Paul Price)

[boogaloo]

He doesn't know anything about the PRs, or he doesn't know anything about the company at all?

[riksea]

Sandbath: Go to Yahoo- pull up ftrm, go to "news" or go to www.marketwire.com, news, or go to co. website "news", at the bottom left hand corner is contact "Paul Price" ---I called him, he doesn't know anything- this needs to be checked out!

[boogaloo]

Huh? Which press releases? Who is the Paul Price that you called? Is he even affiliated with the company?

[riksea]

Sandbath: The news releases have contact info. at the bottom left corner:Re: Paul Price Tel# [phone]. I called and talked to a "Paul Price", and this person said that someone used his name and # for the press releases and he "doesn't know anything about it". Also said He's had a "thousand calls" regarding this. Whazzup???????????????????????????????????

[riksea]

Sandbath=====www.forestmanagementcorp.com

[boogaloo]

Does the company read this board? Hello? How does one go about getting info about this company? Is there an Investor Relations contact?

Does the company respond to emails? Why don't PRs have any contact info on them? Website, no contact info?

[john_doe2]

I have been getting spam emails on this one. The recent activity has caught my eye :)

[felixmoral]

FTRM -- Forest Resources Management Corp.
Com (1 Cent)
Primary Venue: Pink Sheets
Pink Sheets believes adequate current information must be publicly available during any period that the issuer or affiliates of the issuer are directly or indirectly engaged in promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market. Pink Sheets has observed that such promotional activities are occurring for this security, but that adequate current information may not be available. Consequently, Pink Sheets has removed the quotes from this website until such information is made available by the issuer to the investing community. Investors are encouraged to use care and due diligence in their investment decisions, as companies that engage in promotional activities without supplying adequate current information are often the subject of fraudulent activity. Please read our Investor Protection page. To learn more about Pink Sheets policies regarding unsolicited spam and promoted securities, please see our SPAM Policy.

[Slojab]

How does pinksheets tell you that, felix?

[felixmoral]

this one is interesting but according to pinksheets it has been really pumped

[Slojab]

Gotcha. I'll leave you alone, then! (:

[dealerschool2006]

I'm not in this one nor do I have an interest in this company at this time, just responding to your posts.

[Slojab]

I saw that one, dealer! lol. That's why I asked what brought you "back". Nice move for you today.

I had a bid in this morning at .30 but, it jumped over it real fast. Hopefully, it'll settle back some and I can get it later.

I'd like to know more about the company first, though. Doesn't seem to be anyone around that can offer anything, huh?

[dealerschool2006]

as you can see I was here in October. You responded to one of my posts and I responded...that's all. I can't remember where I got my tip from.

[Slojab]

Didn't catch that! lol!

If you haven't done any dd on it, what brought you to the board tonight?

I hope someone shows up eventually! I want to know more.

[dealerschool2006]

My question about NEOM is part of my signature in mocking of a Board Member. I haven't done any DD of this company.

[Slojab]

You have me confused with someone else, dealer. I'm not in neomedia. What brought you back to this board tonight?

What I've seen so far with this stock, I like a lot.

Has anyone in this made contact with the company? Anyone?

[dealerschool2006]

boy, I completely forgot about this company, thank goodness. I don'tknow why the sudden drop since last month. Maybe CSHD took down a lot of penny stocks. Maybe investors pulled their money out because of the huge risk involved.

[Slojab]

Saw the news on this today and just starting to do some dd. Has anyone come up with a short synopsis of what the company is about? Share structure? Financials? Why the meltdown?
etc, etc, etc?

[dealerschool2006]

I got an e-mail alert about this comapny. I will be watching this one. I'm in CSHD so I can't get into anything else. Waiting for a pps reset or pop on Monday.

[Kyoshi]

Is the O/S, and float known ?

[JJSeabrook]

PR TODAY: Friday, October 13 2006 4:04 PM, EST

--------------------------------------------------------------------------------

Forest Resources Enters Into Agreement With Major US Heavy Equipment Manufacturer

Market Wire "US Press Releases "

DELRAY BEACH, FL -- (MARKET WIRE) -- 10/13/06 -- Forest Resources Management Corp. (PINKSHEETS: FTRM) announced today that it has entered into an agreement valued at $19.5 million dollars with a major US heavy equipment manufacturer to supply forestry equipment to its South American properties.

The agreements states that the manufacturer will immediately mobilize the equipment and supply operators as well as maintenance staff which will enable the company to more efficiently supply its existing contracts as well as enter into new contracts.

About Forest Resources MGT Corp.

Forest Resources MGT Corp. is a publicly traded company, which owns exclusive development rights in Central and South America for the development of both timber and minerals on a property of over 1.5 million acres.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact:
Forest Resources Management
Website: www.forestmanagementcorp.com
Email: Email Contact

[FASTIMES]

Too bad not enough people follow this stock has been a perfect flipper making good money in a short period of time

[BUBBA]

News today: Forest Resources Management Announces Acquisition of Opus Asset MGT Group
Forest Resources Management Corp. (PINKSHEETS: FTRM) announced today that it had acquired 100% of the shares of Opus Asset Management Group in exchange for 20 million restricted shares of Forest Resources Management Corp.

Chaim Justman, President of Forest Resources, states, "The acquisition of Opus Asset MGT Group is significant for the shareholders, and will add significant value to the company. This is the first in a number of targeted acquisitions that Forest Management Corp has planned for the next 12 months."

Opus Asset MGT Group through its subsidiaries currently has over 1.5 million acres of property in Central and South America, which they have been harvesting since commencement of operations in February 2006. The first quarter of operations has generated approximately 27 million dollars in gross revenue. During the next two quarters, Opus will continue to expand its harvesting operations as well as mobilize additional heavy equipment into the area .We therefore believe the revenue in the next 2 quarters will be substantially higher.

Opus Asset MGT Group's core business is the harvesting of hardwoods such as Mahogany, Bloodwood and Ziricote, among others, whose primary market is the flooring business estimated at 15 billion dollars a year. Opus also acts as a broker in the region for other lumber companies in the Central and South America area.

About Forest Resources MGT Corp.

Forest Resources MGT Corp. is a publicly traded company, which owns exclusive development rights in the country of Nicaragua for the development of both timber and minerals on a property of over 1.5 million acres.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.



Source: Market Wire (September 7, 2006 - 3:15 PM EST)

[BUBBA]

FASTTIMES!! nice one, news looks very interesting.

[FASTIMES]

Great close at highs of the day, looking forward to tomorrow

[FASTIMES]

wow what a monster!

[FASTIMES]

Looking for excitement on this one, reverse merger just completed and started running today. Look for the run as the company has already hired auditors for an OTCBB listing!