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PMCL: FINRA deleted symbol:
http://otce.finra.org/DLDeletions
More Irwin block news today.
And what does it mean to us stock holders?
Judge orders Toronto billionaire’s ex-partners to pay millions
The Globe and Mail
JEFF GRAY - LAW REPORTER
Last updated Friday, Mar. 07 2014, 7:45 PM EST
A group of Alex Shnaider’s former business associates must hand over tens of millions of dollars for engaging in “fraudulent misrepresentation” and an “unlawful conspiracy” to lure the Toronto billionaire into investing about $50-million in a Russian oil joint venture, an Ontario Superior Court judge has ruled.
In an 166-page ruling issued late Friday afternoon, Justice Mary Anne Sanderson also completely rejects a list of sensational allegations made by Mr. Shnaider’s former associates against the billionaire and his business partner, Eduard Shyfrin, that range from bribing Russian police to threats of kidnapping,
The judgment orders Michael Shtaif, a Calgary-based former Russian oil executive at the centre of the failed joint venture, to pay Mr. Shnaider’s Midland Group $46.1-million (U.S.) plus interest, or $59.56-million. Gregory Roberts, a Toronto-area lawyer and businessman, must also pay $59.56-million.
Two other men involved in the matter, convicted Toronto fraudster Irwin Boock (also known as John Howard) and another man, Stanton De Freitas, have each been ordered to pay $8.27-million (U.S.). Another former friend of Mr. Shnaider’s, Eugene Bokserman, must pay $1.5-million.
In a brief e-mail, Mr. Shtaif vowed to appeal: “Respectfully, I believe the case was wrongly and unfairly decided and I have retained counsel to appeal the decision.”
Mr. Roberts, who represented himself at last year’s trial, also said he will appeal the ruling.
“The judgment in my view amounts to an ambush,” he said in an e-mail.
Mr. Roberts said he was denied a “fair opportunity” to counter some of the allegations on which the judge made findings as, he said, they were not relied upon by Mr. Shnaider’s lawyers at the trial.
In a press release, Mr. Shnaider said that he pursued the lawsuit, rather than settle it quietly, in order to clear his name. The defendants had warned before the litigation began that they would make their allegations public, he said.
“Mr. Shyfrin and I were determined not to give in to threats,” Mr. Shnaider said.
Friday’s decision repeatedly rejects testimony provided by Mr. Shtaif. “I did not find him to be a credible witness,” the ruling reads, saying that he “failed to answer questions directly,” that his evidence was “often inconsistent” and that he failed to produce promised documents to back up his testimony.
The judge said she rejects Mr. Shtaif’s testimony that he was forced to sign a loan agreement in a Russian police station after an officer drew his gun.
As for Mr. Roberts, Justice Sanderson said she found much of his evidence “unreliable.”
She rules that he engaged in “deceit” and in a “breach of fiduciary duty” for failing to tell Mr. Shnaider that a man involved in the venture who called himself John Howard was actually Mr. Boock, who “had a criminal record and was using a false name to hide his criminal past.”
At the centre of the case was the setting up of a joint venture to buy underdeveloped Russian oil fields in 2006. Mr. Shnaider had insisted that his planned $50-million investment would be contingent on another investor adding $70-million, the judge’s ruling says.
Justice Sanderson ruled that Mr. Shtaif engaged in “fraudulent misrepresentation” for failing to tell Mr. Shnaider that a promised $8-million payment from the other investor had not materialized – a payment that was supposed to be the first instalment of the $70-million investment, which was actually committed by a shell company controlled by Mr. Boock.
Source
OSC - Notice from the Office of the Secretary
September 17, 2013
Source: http://www.osc.gov.on.ca/en/Proceedings_enr_20130917_boocki.htm
IN THE MATTER OF IRWIN BOOCK, STANTON DEFREITAS, JASON WONG, SAUDIA ALLIE, ALENA DUBINSKY, ALEX KHODJAIANTS SELECT AMERICAN TRANSFER CO., LEASESMART, INC., ADVANCED GROWING SYSTEMS, INC., INTERNATIONAL ENERGY LTD., NUTRIONE CORPORATION, POCKETOP CORPORATION, ASIA TELECOM LTD., PHARM CONTROL LTD., CAMBRIDGE RESOURCES CORPORATION, COMPUSHARE TRANSFER CORPORATION, FEDERATED PURCHASER, INC., TCC INDUSTRIES, INC., FIRST NATIONAL ENTERTAINMENT CORPORATION, WGI HOLDINGS, INC. and ENERBRITE TECHNOLOGIES GROUP
TORONTO – Following the hearing on the merits in the above noted matter, the Commission issued its Reasons and Decision.
The Commission also issued an Order which provides that the hearing to determine sanctions and costs will be held at the offices of the Commission at 20 Queen Street West, 17th floor, Toronto, ON, on November 12, 2013, at 10:00 a.m., or such further or other dates as agreed by the parties and set by the Office of the Secretary;
A copy of the Reasons and Decision and the Order dated September 13, 2013 are available at www.osc.gov.on.ca
Reasons and Decision:
http://www.osc.gov.on.ca/en/Proceedings_rad_20130913_boocki.htm
Order dated September 13, 2013:
http://www.osc.gov.on.ca/en/Proceedings_rad_20130913_boocki_2.htm
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY
For media inquiries:
media_inquiries@osc.gov.on.ca
Carolyn Shaw-Rimmington
Manager, Public Affairs
416-593-2361
Aly Vitunski
Senior Media Relations Specialist
416-593-8263
Alison Ford
Media Relations Specialist
416-593-8307
For Investor Inquiries:
OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)
November 12th,2013 hearing is scheduled by the OSC at 10:00 AM in Toronto to determine costs and sanctions.....maybe in another five or six years the OSC will conclude this matter.
Booke and DeFreitas Involved in MGLG Shell Scam
TORONTO — The Globe and Mail
JEFF GRAY - LAW REPORTER
Published Tuesday, Apr. 02 2013, 7:00 PM EDT
Shnaider keen on Russian oil venture, ex-partner testifies
Toronto billionaire Alex Shnaider was so enthusiastic about an oil and gas venture proposed by former oil executive Michael Shtaif in 2005 that he wanted to invest $200-million, Mr. Shtaif told a courtroom on Tuesday.
Mr. Shtaif, a Canadian citizen of Russian origin who once worked as a senior official with Russian oil firms Yukos and TNK-BP, was in the witness box on Tuesday testifying in a tangled civil trial over his falling out with Mr. Shnaider.
In court documents, Mr. Shnaider has alleged that Mr. Shtaif was part of a scheme to defraud him, inducing him to invest $50-million with a promise of $70-million from other investors that never materialized. Mr. Shtaif denies the allegations. He alleges that Mr. Shnaider tried to push him out of the joint venture and bribed Russian police to investigate him for fraud, allegations Mr. Shnaider denies. The allegations have not been proven.
In a Toronto courtroom, Mr. Shtaif recounted the first meeting between the two men in November, 2005. They met at the Toronto offices of Mr. Shnaider’s company, Midland Resources Holding Ltd., with which the Russian-born Toronto-based billionaire made his fortune in the Eastern European steel business.
Mr. Shtaif told court that the pair hit it off, with “similar personalities” and “similar interests,” over a two-hour meeting. And he testified that Mr. Shndaider was very interested in Mr. Shtaif’s plan to use his expertise to ferret out undervalued oil fields in Russia.
“As they say in baseball, I pitched him a fastball and he reacted,” Mr. Shtaif told court, saying he declined Mr. Shnaider’s initial offer of a $200-million investment for a 80-per-cent stake in Mr. Shtaif’s venture, as he did not want one dominating shareholder.
They later agreed on a $50-million investment, for a 32-per-cent share, Mr. Shtaif said, although Mr. Shnaider would later try to “squeeze” a larger share, he said.
Mr. Shtaif said he was unaware at that time that a purported Toronto investor in his venture, who used the named John Howard, was allegedly a man named Irwin Boock, who according to court documents, has faced Ontario Securities Commission proceedings and criminal charges related to fraud. It was Mr. Boock who had provided the shell company, called Magellan Energy Ltd. (MGLG), to become the corporate vehicle for the joint venture.
But the company, it is alleged, turned out to be a fraudulently created “sham,” Mr. Shtaif said. Another associate of Mr. Boock, Magellan board member Stanton DeFreitas, was also allegedly secretly selling “illegal” shares in the company and failing to pass the proceeds onto Magellan, Mr. Shtaif testified. (Both Mr. Boock and Mr. DeFreitas were also named as defendants in Mr. Shnaider’s lawsuit.)
Mr. Shtaif told court that Mr. Shnaider ended up with 1.4 million “illegal shares” from Mr. DeFreitas, although the billionaire said the purchase was “inadvertent.” Mr. Shtaif denied that he received any of these shares.
Mr. Shtaif, after learning of the problems, initially sued Mr. Howard and others over the issue in the United States but then dropped the lawsuit “reluctantly,” he testified, in order to protect Mr. Shnaider from being accused publicly of being involved in the “illegal distribution” of shares.
“I think that there was a lot of backdoor dealings going on between Mr. Shnaider, Mr. DeFreitas, and whoever, that we as the board of Magellan knew nothing about,” Mr. Shtaif told court.
Mr. Shnaider “should not have received those shares and he knew and should have known better than that,” Mr. Shtaif said.
Mr. Shtaif denied that he intentionally misled Mr. Shnaider about the $70-million investment pledged by a company allegedly controlled by the man calling himself Mr. Howard, which never materialized.
He told the court that he relied on word from Mr. DeFreitas when he told Mr. Shnaider in an e-mail that the first $10-million instalment of the $70-million had been paid: “I never intentionally or meant to mislead anybody at any time.”
Source
Irwin Boock, Stanton B.J. Defreitas, Nicolette D. Loisel, Roger L. Shoss and Jason C. Wong are CAREER CRIMINALS who should be sent to PRISON for 20 YEARS.
Here's the SEC Securities Fraud case against this gang of crooks.
SEC v Boock, Defreitas, et al
Court showdown pits billionaire against ex-partners
JEFF GRAY - LAW REPORTER
The Globe and Mail
Published Monday, Apr. 01 2013, 7:00 PM EDT
Last updated Monday, Apr. 01 2013, 7:06 PM EDT
A former senior executive in the Russian oil industry facing off against Russian-Canadian billionaire Alex Shnaider over a joint venture gone bad takes the witness box in a Toronto courtroom on Tuesday, in a murky saga riddled with extraordinary allegations of fraud, bribery and kidnapping plots.
The man set to testify is Michael Shtaif, a Russian-Canadian businessman who according to court documents has held senior positions with the former Russian oil exploration companies TNK-BP and Yukos. He faces allegations from Mr. Shnaider that he and a group of co-defendants were part of a scheme to defraud the billionaire of millions.
But in a five-year no-holds-barred legal battle, Mr. Shtaif alleges in court filings that Mr. Shnaider or his associates tried to force him out of a oil and gas joint venture, had armed men seize a company’s Moscow offices, bribed Russian police to have him face “spurious” charges and even plotted to kidnap him. Mr. Shtaif alleges that the ordeal wrecked his reputation and forced him to flee Moscow for Calgary with his wife and young son.
Toronto-based Mr. Shnaider, 44, who denies all the allegations against him, made his fortune with his company Midland Resources Holdings Ltd., centred on the steel business in Eastern Europe. He has made his name by dabbling in Formula One racing, hanging out with former hockey stars and financing Toronto’s new Trump Tower, plucking the building’s $20-million penthouse for himself.
He is suing Mr. Shtaif and several other men, alleging they were behind an elaborate scheme to steal his $50-million investment – a scheme that allegedly involved fraudulently incorporated companies and an accomplice convicted of two murders in Russia. Mr. Shtaif and his co-defendants deny the allegations.
Both sides accuse each other of making false allegations in court filings and leaking them to the media, in order to smear or pressure the other side. Both sides have demanded hundreds of millions in damages. The allegations have not been proven.
The soft-spoken Mr. Shnaider, who has lived in Toronto since moving here with his parents at age 13, was in court in recent weeks as his lawyers testified. He testified himself earlier this year in the trial, which began in February and is expected to continue for months.
The story behind the tangled allegations over his falling out with Mr. Shtaif dates back to 2005, when the two men agreed to set up a joint venture to acquire undervalued oil and gas properties in Russia. According to court documents, it later emerged that Mr. Shtaif’s company, Magellan Energy Ltd., was a “sham,” set up by a Toronto man with multiple aliases and previous convictions for fraud and other offences as well as fines and penalties from the Ontario Securities Commission. Mr. Shtaif says he was not involved in Magellan’s allegedly fraudulent origins.
Mr. Shnaider, who alleges he was first induced to invest by the promise of $70-million from other partners that never materialized, then agreed to set up a new company with Mr. Shtaif and other businessmen to take over Magellan’s business.
Even more would soon go wrong between the two men. Mr. Shnaider alleges that Mr. Shtaif colluded with a convicted Russian murderer in a complex sequence of events involving an attempt to purchase an interest in a Russian oil property. According to court filings, about half of a batch of promissory notes worth $12-million (U.S.) and held in safety deposit boxes in a Russian bank as an advanced payment – apparently a common feature in Russian business deals – allegedly ended up missing.
It was this allegation that Mr. Shnaider and his lawyers say prompted them to go to the Russian police about Mr. Shtaif. But Mr. Shtaif, in his testimony this week, is expected to reiterate the case spelled out in court documents that he, too, is a victim of fraud.
In the Ontario Superior Court last week, Mr. Shtaif’s lawyer, Colin Stevenson, was stopped by Madam Justice Mary Sanderson from asserting in a question to a witness that Mr. Shnaider had paid $525,000 to police to prompt them to seize some of the missing promissory notes. Mr. Shnaider’s lawyers say in court documents that the money went to private “forensic consultants” to prompt police to act more quickly, and was not a bribe.
“There’s obviously a huge controversy over what that payment was,” the judge said.
Mr. Shnaider’s former Toronto lawyer on the case, John Keefe of Goodmans LLP, was in the witness box last week. He testified under cross-examination that he did not believe that Mr. Shtaif faced any threats in Russia, but acknowledged he did not have any evidence for his doubt.
hey there PhillyPA65..i found this on another board[MGLG]...seems Irwin Boock and Stanton DeFreitas were in deep.
Billionaire Alex Shnaider has alleged that an ex-partner was part of a scheme to defraud him, inducing him to invest $50-million. (Fernando Morales/The Globe and Mail)
Shnaider keen on Russian oil venture, ex-partner testifies
JEFF GRAY - LAW REPORTER
TORONTO — The Globe and Mail
Published Tuesday, Apr. 02 2013, 7:00 PM EDT
Last updated Wednesday, Apr. 03 2013, 6:49 AM EDT
Toronto billionaire Alex Shnaider was so enthusiastic about an oil and gas venture proposed by former oil executive Michael Shtaif in 2005 that he wanted to invest $200-million, Mr. Shtaif told a courtroom on Tuesday.
Mr. Shtaif, a Canadian citizen of Russian origin who once worked as a senior official with Russian oil firms Yukos and TNK-BP, was in the witness box on Tuesday testifying in a tangled civil trial over his falling out with Mr. Shnaider.
Court showdown pits billionaire against ex-partners
In court documents, Mr. Shnaider has alleged that Mr. Shtaif was part of a scheme to defraud him, inducing him to invest $50-million with a promise of $70-million from other investors that never materialized. Mr. Shtaif denies the allegations. He alleges that Mr. Shnaider tried to push him out of the joint venture and bribed Russian police to investigate him for fraud, allegations Mr. Shnaider denies. The allegations have not been proven.
In a Toronto courtroom, Mr. Shtaif recounted the first meeting between the two men in November, 2005. They met at the Toronto offices of Mr. Shnaider’s company, Midland Resources Holding Ltd., with which the Russian-born Toronto-based billionaire made his fortune in the Eastern European steel business.
Mr. Shtaif told court that the pair hit it off, with “similar personalities” and “similar interests,” over a two-hour meeting. And he testified that Mr. Shndaider was very interested in Mr. Shtaif’s plan to use his expertise to ferret out undervalued oil fields in Russia.
“As they say in baseball, I pitched him a fastball and he reacted,” Mr. Shtaif told court, saying he declined Mr. Shnaider’s initial offer of a $200-million investment for a 80-per-cent stake in Mr. Shtaif’s venture, as he did not want one dominating shareholder.
They later agreed on a $50-million investment, for a 32-per-cent share, Mr. Shtaif said, although Mr. Shnaider would later try to “squeeze” a larger share, he said.
Mr. Shtaif said he was unaware at that time that a purported Toronto investor in his venture, who used the named John Howard, was allegedly a man named Irwin Boock, who according to court documents, has faced Ontario Securities Commission proceedings and criminal charges related to fraud. It was Mr. Boock who had provided the shell company, called Magellan Energy Ltd., to become the corporate vehicle for the joint venture.
But the company, it is alleged, turned out to be a fraudulently created “sham,” Mr. Shtaif said. Another associate of Mr. Boock, Magellan board member Stanton DeFreitas, was also allegedly secretly selling “illegal” shares in the company and failing to pass the proceeds onto Magellan, Mr. Shtaif testified. (Both Mr. Boock and Mr. DeFreitas were also named as defendants in Mr. Shnaider’s lawsuit.)
Mr. Shtaif told court that Mr. Shnaider ended up with 1.4 million “illegal shares” from Mr. DeFreitas, although the billionaire said the purchase was “inadvertent.” Mr. Shtaif denied that he received any of these shares.
Mr. Shtaif, after learning of the problems, initially sued Mr. Howard and others over the issue in the United States but then dropped the lawsuit “reluctantly,” he testified, in order to protect Mr. Shnaider from being accused publicly of being involved in the “illegal distribution” of shares.
“I think that there was a lot of backdoor dealings going on between Mr. Shnaider, Mr. DeFreitas, and whoever, that we as the board of Magellan knew nothing about,” Mr. Shtaif told court.
Mr. Shnaider “should not have received those shares and he knew and should have known better than that,” Mr. Shtaif said.
Mr. Shtaif denied that he intentionally misled Mr. Shnaider about the $70-million investment pledged by a company allegedly controlled by the man calling himself Mr. Howard, which never materialized.
He told the court that he relied on word from Mr. DeFreitas when he told Mr. Shnaider in an e-mail that the first $10-million instalment of the $70-million had been paid: “I never intentionally or meant to mislead anybody at any time.”
There is nothing to do other than a lesson learned and become wiser in your future investments to make money back. Contact your broker to get rid of shares for you at a small expense for tax loss!
I haven't been here in a long, long time.
I still have my PMCL shares.
What do I need to do to maybe get some money back?
Volume:
2,500
Todays volume some traiding going on again!!!!//??
Alena Dubinsky of Ontario Named as a Relief Defendant
U.S. Securities and Exchange Commission
Litigation Release No. 22516 / October 19, 2012
SEC v. Irwin Boock, et al., Civil Action No. 09 CV 8261 (S.D.N.Y) (DLC)
On October 17, 2012, the United States Securities and Exchange Commission filed an amended complaint naming Alena Dubinsky as a relief defendant in its pending civil injunctive action before the United States District Court for the Southern District of New York. The action stems from the hijacking of defunct or inactive publicly-traded companies and the unregistered offer and sale of securities. The amended complaint alleges that Dubinsky, a resident of Ontario, Canada, opened bank and brokerage accounts in Toronto at the behest of certain defendants through which were effected unregistered sales of securities and the deposit of at least $1 million in illicit proceeds. The Commission is seeking disgorgement.
The Commission acknowledges the assistance and cooperation of the Ontario Securities Commission.
Source: http://www.sec.gov/litigation/litreleases/2012/lr22516.htm
For further information, please see Litigation Release Nos. 21243 (October 8, 2009) and 22499 (September 28, 2012).
http://www.sec.gov/litigation/litreleases/2009/lr21243.htm
Really looks like this compensation is going to happen!
My bank in Germany already contacted me to do the paperwork for me :)
You have to wait for Irwin Boock, Jason C. Wong and Stanton B.J. DeFreitas to pay back the ill-gotten gains to the SEC. The SEC will then set up a disgorgement fund and announce that you have to fill out a form to request a piece of the pie. There are no guarantees that these crooks will pay back the money. The shares will never trade again as far as I know. The company doesn't exist. It was all a scam that was pumped by fellow members of the Investors Hub.
So when and how do we get our money back.... that if we do!!!
SEC Litigation Release No. 22499 - September 28, 2012
Securities and Exchange Commission v. Irwin Boock, et al., Civil Action No. 09 CV 8261 (S.D.N.Y) (DLC)
SEC Obtains Judgments and $12.9 Million in Monetary Relief Against Three Defendants Involved in 23 Corporate Hijackings
On August 2, 2012, the United States District Court for the Southern District of New York entered judgments against Irwin Boock, Jason C. Wong and Stanton B.J. DeFreitas for their involvement in hijacking 23 defunct or inactive publicly-traded companies and subsequently making unregistered offers and sales of billions of shares.
On March 26, 2010, the Court entered a default as to Boock and DeFreitas and imposed permanent injunctions against future violations of the registration provisions, Section 5 of the Securities Act of 1933, and the antifraud provisions, Securities Act 17(a) and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Court order also imposed a permanent bar against Boock and DeFreitas participating in any offering of a penny stock and a permanent bar against Boock serving as an officer or director of a publicly-traded company with a class of securities registered with the Commission.
On August 25, 2011, the Court entered summary judgment as to Wong on the Commission's claims under Securities Act Section 17(a) and Exchange Act Section 10(b) and Rule 10b-5. The Court also granted partial summary judgment as to Wong on the Commission's claims under Securities Act Section 5, finding that the evidence was sufficient to establish that Wong had violated the registration requirements in relation to 12 of the hijacked companies.
The judgments entered on August 2, 2012 hold Boock, Wong, and DeFreitas jointly and severally liable to pay $6,140,172 in disgorgement and $2,062,282 in prejudgment interest. The judgments also order Boock, Wong, and DeFreitas to pay civil penalties of $2,999,000, $1,560,000, and $130,000, respectively.
As noted in the Court's opinion and order issued at the same time as the judgments were entered, the Court imposed a lower penalty on DeFreitas based on his acceptance of responsibility and active cooperation with the Commission staff during the litigation. The judgment entered against Wong also permanently enjoins him from committing future violations of Securities Act Sections 5 and 17(a) and Exchange Act Section 10(b) and Rule 10b-5 thereunder and imposes a permanent penny stock bar and officer and director bar.
On September 24, 2012, the Commission instituted an order suspending a fourth defendant, Roger L. Shoss, from appearing or practicing as an attorney before the Commission pursuant to Rule 102(e)(2) of the Commission's Rules of Practice based on his felony conviction in United States v. Roger Shoss, et al., Case # 8:11-cr-00366-T-30TBM (M.D. Fla.). See In the Matter of Roger L. Shoss, Administrative Proceeding No. 3-15041 (Ex. Act Rel. No. 67914). The Commission's civil action against Shoss has been stayed pending the outcome of the criminal proceeding.
The Commission acknowledges the assistance and cooperation of the Ontario Securities Commission, the U.S. Attorney's Office for the Middle District of Florida in Tampa, the Tampa Field Offices of the U.S. Secret Service, U.S. Immigration and Customs Enforcement, and the Financial Industry Regulatory Authority.
http://www.sec.gov/litigation/litreleases/2012/lr22499.htm
__________
For further information, please see Litigation Release No. 21243 (October 8, 2009).
http://www.sec.gov/litigation/litreleases/2009/lr21243.htm
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22499 / September 28, 2012
Securities and Exchange Commission v. Irwin Boock, et al., Civil Action No. 09 CV 8261 (S.D.N.Y) (DLC)
SEC Obtains Judgments and $12.9 Million in Monetary Relief Against Three Defendants Involved in 23 Corporate Hijackings
On August 2, 2012, the United States District Court for the Southern District of New York entered judgments against Irwin Boock, Jason C. Wong and Stanton B.J. DeFreitas for their involvement in hijacking 23 defunct or inactive publicly-traded companies and subsequently making unregistered offers and sales of billions of shares.
PHARM CONTROL LTD (PMCL)-OTC Markets
0.01 0.01(455.56%) 2:50PM EDT
10/11/2012
What going on??????
NEWS NEWS NEW....IRWIN BOOCK SETTLES WITH [SEC]...ALL CURRENT SHAREHOLDERS TO RECIEVE MASSIVE COMPENSATION FOR YEARS OF GRIEF......MORE TO COME...IMO ...HEHEHE!!!
More News Coverage of OSC - Boock Settlement
OSC settles corporate hijacking case against Boock
2012-02-17 14:07 ET - Street Wire
by Mike Caswell
Irwin Boock, the Toronto man accused of hijacking the identities of 43 inactive pink sheets companies and selling them as shells, has agreed to pay $270,300 to settle an Ontario Securities Commission case that arose from the scheme. The settlement, contained in an administrative order dated Friday, Feb. 10, permanently bans Mr. Boock from trading any securities and from acting as a director, officer or promoter of any public company.
The penalties stem from a scheme in which Mr. Boock, 55, and others stole the identities of inactive pink sheets companies by filing false paperwork with the Cusip Bureau and multiple secretaries of state. They then sold the companies as shells to various buyers between 2003 and 2007. One went on to become Toronto Stock Exchange listing Paramount Gold and Silver Corp., and another became Surrey-based pink sheets listing World Hockey Association Corp. (There were no allegations of wrongdoing against the companies themselves.) In settling the case, Mr. Boock agreed to disgorge $145,300 in illegal gains, to pay a $70,000 administrative penalty and to pay hearing costs of $55,000.
While Mr. Boock has now settled with the OSC, he still faces a civil suit from the U.S. Securities and Exchange Commission for the hijackings. He initially ignored that case, and the SEC obtained a default order against him on March 26, 2010, with appropriate penalties to follow. He has since been trying to have the default ruling overturned, arguing that he was unable to cope with the financial burden of defending both the OSC and SEC actions at once. The judge has not yet ruled on his request.
Although Mr. Boock has admitted to the essentials of the hijacking scheme in settling with the OSC, the admission may not have any weight in the SEC case. Part of his settlement agreement states that he entered the deal "without prejudice to Boock in any other proceedings of any kind" and that he does not admit to any civil or criminal liability.
Boock's OSC settlement
The hijacking scheme, as described in Mr. Boock's settlement agreement, was carried out through two transfer agencies that Mr. Boock ran, called Select American Transfer and Compushare Transfer Corp. (both of which the OSC has since shut down). He targeted public companies, all listed on the pink sheets, that had gone dormant. Using false paperwork, he was able to incorporate new companies with the same names as the inactive entities, and obtain new Cusip numbers and symbols for those companies.
One of the keys to the scheme, according to the settlement, was the control that Mr. Boock and others exerted over Select American Transfer. It served as agent for many of the hijacked companies and filed the necessary paperwork for name changes and share issuances. (Its only employee was a 24-year-old student from Guyana, who simply did what she was told, according to documents filed in the SEC case.)
The companies that Mr. Boock and the others typically targeted were those that still traded, but lacked a current transfer agent or contact person. In some instances, they found that the secretary of state had declared a company void. When this occurred, they incorporated a new company with the same name, and used it to assume the identity of the old one. The new company would then roll back at a fairly high ratio, typically 1:1,000, and would change its name and obtain a new Cusip number and trading symbol. The net effect of this would be to remove most previous shareholders.
(Mr. Boock and the others also obtained millions of free-trading shares in the companies using bogus opinion letters, according to the SEC. They paid two Houston lawyers to write letters that they used to obtain 223 million free-trading shares in 19 of the companies, the SEC said. The letters purported to rely on Rule 504, which is normally only available to accredited investors who do not plan to sell the stock.)
It is not clear exactly how much money Mr. Boock made from the scheme. According to the settlement, he sold $150,000 worth of stock in the hijacked companies through the market at some point, but then transferred $120,000 of the money to somebody else.
The hijacking scheme is not the first breach of the Ontario Securities Act by Mr. Boock (who was born Irwin Krakowsky). In January, 1991, he settled an OSC case in which the regulator said he filed forged documents with the commission and a transfer agent. He paid $15,000 and was banned from trading and from serving as an officer or director of a public company for 10 years. Just two years later, in May, 1993, he was convicted on fraud and forgery charges in Ontario, and received three years in jail. He was charged with fraud in Ontario yet again in September, 1998, and received two years of probation.
The SEC has also previously fined Mr. Boock. In November, 2002, he agreed to pay $429,619 to settle a civil suit stemming from reporting violations at Leah Industries Inc., an OTC Bulletin Board listing. The SEC said he had the company report earnings that were purportedly audited by Deloitte & Touche when there had been no such audit. He then sold 537,500 shares, for proceeds of $319,050. He agreed to a consent order to settle the case, but never paid the fine.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*OSC-1927884&symbol=*OSC&news_region=C
OSC Settlement with Irwin Boock
http://www.osc.gov.on.ca/en/Proceedings_rad_20120210_boocki.htm
http://www.osc.gov.on.ca/documents/en/Proceedings-RAD/rad_20120210_boocki.pdf
You mean they can't go to the hookers they spent all that money on and get it back? Shucks...
No. The crooks probably spent all of the ill-gotten gains and will just be banned from the stock market by OSC and the SEC. It's rare to get any money back.
does this mean we'll get paid back?
OSC Settlement with Irwin Boock
http://www.osc.gov.on.ca/en/Proceedings_rad_20120210_boocki.htm
http://www.osc.gov.on.ca/documents/en/Proceedings-RAD/rad_20120210_boocki.pdf
Date of Order or Settlement: February 10, 2012
Sanctions
Director/Officer/Supervisor Ban
Trading ban with or without conditions
Administrative Penalty/Fine
Registration ban/restrictions
Reprimand
Disgorgement/Restitution
Acquisitions ban
Exemption inapplicable
Payment Agreed/Ordered
Administrative Penalty/Pénalités administratives $70,000; Disgorgement/Remise de sommes $145,300; Costs/Frais $55,000
Violations Fraud/Forgery/Falsification
Market Manipulation
Supporting Documents
Order (English)
http://www.osc.gov.on.ca/purl?id=34888&lang=en
http://www.securities-administrators.ca/disciplinedpersons.aspx
The SEC won a default against Mr. Boock on March 26, 2010, and has been attempting to obtain his banking records in Canada for several months to help determine his penalty. The regulator has complained several times about little co-operation from Mr. Boock in obtaining the records, and recently sought the assistance of the Ontario courts.
teddibear Share Friday, February 03, 2012 5:21:47 PM
Re: None Post # of 38935
MGLG- Hearings
Ontario Securities Commission vs Irwin BOOCK et al.
Well, it seems that the rats are making a last ditch effort to scramble for position. Couple of them have knuckled under and are seeking a 'settlement'. The way I read it, things are not looking well for the leader of the rat pack, BOOCK, as it seems the others are going to point fingers as part of the settlement agreement.
BOOCK gets on the stand February 8-10 coming up.
Below is the some of the latest info from the OSC. Makes for some fine reading. Enjoy!-TB
OSC Updates as of 31JAN2012
Jason WONG 31JAN2012
http://www.osc.gov.on.ca/en/Proceedings_set_20120130_boocki-wong.htm
Stanton DeFREITAS 20JAN2012
http://www.osc.gov.on.ca/en/Proceedings_set_20120119_boocki-defreitas.htm
Saudia ALLIE- “TAKE NOTICE that Staff of the Commission withdraw the allegations against the respondent Saudia Allie as of January 10, 2012.”
BOOCK et al AMENDED Allegations 05JAN2012
http://www.osc.gov.on.ca/en/Proceedings_soa_20120104_boocki.htm
nice catch PhillyPA65... i copied and pasted that over on the mglg board since these jokers were involved there too...best to you!!!
we will have to wait and see,,,i would assume when more info[ which could be weeks/months ahead] is known, your broker who you purchased your shares thru will let you know...been involved around may 2007, still have all my shares...best to us all!!!
That`s the way I see it,if you have shares just sit on them and wait for the feds to get the money.
I got some paperwork from the feds on cyberkeys shares but I had so little in to it I just let it die but PMCL I will follow through on any paperwork sent out.
I still have my shares. So how do we get paid if and when they decide to do so?
The SEC filed a civil lawsuit against these crooks. No need for a class action lawsuit since the SEC will handle the lawsuit, disgorgement of ill-gotten gains, and distribute the pennies back to eligible shareholders. No lawyers will take this case since the SEC has first rights to any remaining ill-gotten gains.
SEC Lawsuit:
http://www.sec.gov/litigation/litreleases/2009/lr21243.htm
http://www.sec.gov/litigation/complaints/2009/comp21243.pdf
http://dockets.justia.com/docket/new-york/nysdce/1:2009cv08261/352608/
It would cost nothing if you let the SEC do the whole thing,collect and contact {bag holders)
It will still take some more time but the rat is trapped.
Has anyone with shares sought legal help on this whole thing?
after all these years, i still have mine,,i hope if we get anything back close to what we paid, that the #'s are few of the shareholders that just had their brokers get rid of the shares for tax purposes....best to all!!!
I'm stuck with my shares. No Buy / No Sell at Scottrade.
January 19, 2012
SETTLEMENT AGREEMENT BETWEEN OSC AND STANTON DEFREITAS
http://www.osc.gov.on.ca/documents/en/Proceedings-SET/set_20120119_boocki-defreitas.pdf (OSC Order)
http://www.osc.gov.on.ca/en/Proceedings_set_20120119_boocki-defreitas.htm (OSC Order)
http://www.osc.gov.on.ca/en/Proceedings_enr_20120120_boocki-defreitas.htm (OSC Notice)
PART V – SECURITIES AND EXCHANGE COMMISSION PROCEEDINGS
27. On September 29, 2009, the Securities and Exchange Commission of the United States (“SEC”) initiated an action in the United States District Court for the Southern District of New York (“NY District Court”) naming DeFreitas, Boock, Wong and two others as defendants (the “SEC action”) which alleged breaches of U.S. federal securities laws. The conduct underlying the alleged breaches also forms the basis of the Statement of Allegations issued by Staff in this proceeding.
28. DeFreitas cooperated with the SEC, providing them with sworn testimony and documents. On March 26, 2010, the NY District Court entered a default judgment against DeFreitas and Boock. A motion by the SEC for summary judgment against Wong was granted on August 25, 2011 and a reconsideration of the summary judgment was dismissed on November 9, 2011. A proceeding to determine the amount of the disgorgement to be required of Wong, Boock and DeFreitas is pending (the “SEC disgorgement proceedings”). ***The SEC is seeking a disgorgement order in excess of $2.4 million dollars against DeFreitas.***
PART VI - TERMS OF SETTLEMENT
29. DeFreitas agrees to the following terms of settlement and to the Order attached hereto:
a. the Settlement Agreement is approved;
b. DeFreitas will cooperate with Staff in its investigation including testifying as a witness for Staff in any proceedings commenced by Staff or the Commission;
i. DeFreitas shall pay an administrative penalty in the amount of $70,000 for his failure to comply with Ontario securities law; and
j. DeFreitas shall disgorge to the Commission an amount obtained as a result of his non-compliance with Ontario securities law in the amount of $70,000;
k. In regard to the payments ordered above, DeFreitas agrees to make a payment of $100,000 when the Commission approves this Settlement Agreement. DeFreitas further agrees to pay at least $4,000 during each successive six (6) month period following the date of approval of the Settlement Agreement until the entire amount ordered above in paragraphs (i) and (j) is paid in full;
30. Any amounts paid to the Commission under the disgorgement and administrative penalty orders in this matter shall be allocated to or for the benefit of third parties other than DeFreitas, including investors who lost money as a result of investing in the Issuers, in accordance with subsection 3.4(2)(b) of the Act.
I don`t know how long or how much we will get back . I held all shares.
So another three to four years to get our money back?????
Thanks Mobiaus for keeping this current..and to all over these past few years keeping info readily available..now since i didn't relinquish any of my shares [pmcl or mglg] , maybe just maybe might get something back...i know in the past a couple of posters between these two boards had their brokers just get rid of the shares and take the tax loss for those years...hope to anyone who has held on and even anyone who didn't gets whats due to them..BEST TO YOU AND THANKS!!!
0. Any amounts paid to the Commission under the disgorgement and administrative penalty orders in this matter shall be allocated to or for the benefit of third parties other than DeFreitas, including investors who lost money as a result of investing in the Issuers, in accordance with subsection 3.4(2)(b) of the Act.
Securities and Exchange Commission v. Boock et al
OPINION AND ORDER: Wong's September 8, 2011 motion for reconsideration is denied. So Ordered (Signed by Judge Denise L. Cote on 11/9/2011) (js)
http://docs.justia.com/cases/federal/district-courts/new-york/nysdce/1:2009cv08261/352608/150/0.pdf
Court rulings: http://dockets.justia.com/docket/new-york/nysdce/1:2009cv08261/352608/
FOUND THIS ON THE [MGLG] BOARD....
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SECURITIES AND EXCHANGE COMMISSION v. BOOCK
SECURITIES AND EXCHANGE COMMISSION, Plaintiff,v.IRWIN BOOCK, STANTON B.J. DEFREITAS, NICOLETTE D. LOISEL, ROGER L. SHOSS AND JASON C. WONG, Defendants, ANDBIRTE BOOCK AND 1621533 ONTARIO, INC., Relief Defendants.
No. 09 Civ. 8261 (DLC).
United States District Court, S.D. New York.
November 9, 2011.
Justin Chretien, Paul W. Kisslinger, United States Securities and Exchange Commission, 100 F Street, N.E., Washington, DC 20549, For the plaintiff.
Jason C. Wong, Russell Cornelius Weigel, III, Edward Robert Averbuch, Law Office of Russell C. Weigel, III, P.A., 5775 Blue Lagoon Drive, Suite 100, Miami, FL 33126, For defendant.
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OPINION AND ORDER
DENISE COTE, District Judge.
The plaintiff, the United States Securities and Exchange Commission ("SEC"), brought this action against five defendants — Irwin Boock ("Boock"), Stanton B.J. DeFreitas ("DeFreitas"), Nicolette D. Loisel ("Loisel"), Roger L. Shoss ("Shoss") and Jason C. Wong ("Wong") (collectively, the "Defendants") — alleging a securities fraud scheme whereby these individuals hijacked defunct or inactive corporations (the "Hijacked Corporations"), issued unregistered stock and sold the securities in violation of the antifraud and registration requirements of the federal securities laws (the "Scheme"). The Court has entered a default as to Boock and DeFreitas. This action is stayed with regard to Loisel and Shoss pending criminal proceedings against them.
On February 25, 2011, the SEC filed a motion for summary judgment as to Wong and Wong filed a cross-motion for partial summary judgment. These motions were fully submitted on April 6. On August 25, the Court issued an opinion granting the SEC's summary judgment in part and denying Wong's motion for partial summary judgment (the "Summary Judgment Opinion"). SEC v. Boock, et al., No. 09 Civ. 8261 (DLC), 2011 WL 3792819 (S.D.N.Y. Aug. 25, 2011)
Wong timely filed this motion for reconsideration of the Summary Judgment Opinion on September 8, 2011. Familiarity with the facts of this case, as set out in the Summary Judgment Opinion, is assumed. For the following reasons, the motion for reconsideration is denied.
DISCUSSION
The standard for reconsideration is strict. "Generally, motions for reconsideration are not granted unless the moving party can point to controlling decisions or data that the court overlooked — matters, in other words, that might reasonably be expected to alter the conclusion reached by the court." In re BDC 56 LLC, 330 F.3d 111, 123 (2d Cir. 2003) (citation omitted). "[A] motion to reconsider should not be granted where the moving party seeks solely to relitigate an issue already decided." Shrader v. CSX Transp., Inc., 70 F.3d 255, 257 (2d Cir. 1995). Likewise, a party moving for reconsideration may not "advance new facts, issues, or arguments not previously presented to the Court." Nat'l Union Fire Ins. Co. of Pittsburgh v. Stroh Cos., Inc., 265 F.3d 97, 115 (2d Cir. 2001) (citation omitted). The decision to grant or deny the motion for reconsideration is within "the sound discretion of the district court." Aczel v. Labonia, 584 F.3d 52, 61 (2d Cir. 2009) (citation omitted).
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1. Wong also does not explain why Janus Capital, which found that the wording of the relevant statutes did not permit private actors to sue those who may be liable for the misstatements of others in violation of Rule 10b-5, has any bearing on the SEC's capacity to sue secondary violators, which is provided for specifically by the Private Securities Litigation Reform Act of 1995, 15 U.S.C. § 78t(e).
Got it. Thanks!
August 31, 2011 Update
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66866534
hey PhillyPA65,,,see my post #39741..best to you!!
FOLLOW CASE HERE
http://dockets.justia.com/docket/new-york/nysdce/1:2009cv08261/352608/
Plaintiff: Securities and Exchange Commission
Defendants: Irwin Boock, Stanton B.J. Defreitas, Nicolette D. Loisel, Roger L. Shoss and Jason C. Wong
Relief Defendants: Birte Boock and 1621566 Ontario, Inc.
Case Number: 1:09-CV-08261-DLC-DCF
Filed: September 29, 2009
Court: New York Southern District Court
Office: Foley Square Office
County: XX Out of State
Presiding Judge: Judge Denise L. Cote
Nature of Suit: Other Statutes - Securities/Commodities/Exchanges
Cause: 15:77 Securities Fraud
Jurisdiction: U.S. Government Plaintiff
Jury Demanded By: None
Filing 145 - August 25, 2011
OPINION AND ORDER granting in part and denying in part (89) Motion for Summary Judgment; denying (92) Motion for Judgment as a Matter of Law; granting in part and denying in part (111) Motion to Strike Document No. 110.
The SEC's February 25, 2011 motion for summary judgment is granted in part, Wong's February 25, 2011 motion for partial summary judgment is denied, and the SEC's April 14, 2011 motion to strike is granted in part. (Signed by Judge Denise L. Cote on 8/25/2011)
PDF: http://docs.justia.com/cases/federal/district-courts/new-york/nysdce/1:2009cv08261/352608/145/
No buy / No sell according to Scottrade. Use it as a long term capital loss on your taxes one year. I believe Scottrade charges $25 to remove these kind of shares from an account. There is no company behind the shares. I'll have to check the SEC site to see if there are any updates in the case against Boock, Defreitas, Loisel, Wong, Shoss
SEC v. Boock, Defreitas, Loisel, Wong, Shoss
Civil Docket for Case No: 1:09-CV-08261-DLC-DCF
http://www.sec.gov/litigation/complaints/2009/comp21243.pdf
02/01/2011 79 AFFIRMATION of Irwin Boock in Opposition re: 78 MOTION to Dismiss Defendant Irwin Boock's Motion to Set Aside Entry of Default. Document filed by Irwin Boock. (mbe) (Entered: 02/03/2011)
01/25/2011 78 MOTION to Dismiss Defendant Irwin Boock's Motion to Set Aside Entry of Default. Document filed by Securities and Exchange Commission. (Attachments: # 1 Exhibit Boock Transcr. Excerpts)(Chretien, Justin) (Entered: 01/25/2011)
01/18/2011 77 NOTICE OF APPEARANCE by Edward Robert Averbuch on behalf of Jason C. Wong (Averbuch, Edward) (Entered: 01/18/2011)
01/13/2011 76 ENDORSED LETTER addressed to Judge Denise L. Cote from Justin Chretien dated 1/10/11 re: counsel for plaintiff writes regarding rescheduling defendant's deposition of the Commission's expert, James Cangiano, from January 18, 2011, to February 4, 2011, which would mean the deposition would take place after the close of discovery on January 21, 2011. ENDORSEMENT: Granted. (Signed by Judge Denise L. Cote on 1/12/11) (pl) Modified on 1/14/2011 (ae). (Entered: 01/13/2011)
01/10/2011 75 MOTION to Supplement Proposed Findings of Fact and Conclusions of Law Concerning Damages with Newly Discovered Evidence re: 74 Notice (Other) of Motion to Supplement. Document filed by Securities and Exchange Commission. (Attachments: # 1 Exhibit DOJ Letter, # 2 Exhibit DeFreitas Depo Excerpts pt I, # 3 Exhibit DeFreitas Depo Excerpts pt II, # 4 Exhibit DeFreitas Depo Excerpts pt III)(Chretien, Justin) (Entered: 01/10/2011)
01/10/2011 74 NOTICE of filing Motion to Supplement Proposed Findings with New Evidence re: 52 Post Trial Memorandum,, 51 Post Trial Memorandum. Document filed by Securities and Exchange Commission. (Chretien, Justin) (Entered: 01/10/2011)
12/22/2010 73 NOTICE of of Intent to File Supplemental Declarations. Document filed by Securities and Exchange Commission. (Chretien, Justin) (Entered: 12/22/2010)
12/14/2010 72 MOTION for Protective Order. Document filed by Irwin Boock.(mbe) (Entered: 12/16/2010)
12/14/2010 71 ORDER, that Boock's motion is denied. The December 16 deposition of DeFreitas may go forward as scheduled. The SEC is not prohibited from asking questions regarding Boock or Birte Boock. (Signed by Judge Denise L. Cote on 12/14/10) Copies Sent By Chambers. (pl) (Entered: 12/14/2010)
11/12/2010 70 AFFIDAVIT OF SERVICE of affirmation in Opposition to Motion served on Justin Chretien, Stanton Defreitas, Jason Wong, Roger Shoss, Nicolette Loisel, Irwin Boock on 11/11/2010. Service was made by UPS overnight express. Document filed by Irwin Boock. (mbe) (Entered: 11/16/2010)
11/12/2010 68 AFFIDAVIT OF SERVICE of Reply in Opposition to Motion served on Justin Chretien, Stanton Defreitas, Jason Wong, Roger Shoss, Nicolette Loisel, Irwin Boock on 11/8/2010. Service was made by UPS overnight express. Document filed by Birte Boock. (mbe) (Entered: 11/16/2010)
11/10/2010 69 AFFIRMATION of Irwin Boock in Opposition to Motion. Document filed by Irwin Boock. (mbe) (Entered: 11/16/2010)
11/10/2010 67 AFFIRMATION of Birte Boock in Opposition to Motion dated November 3, 2010. Document filed by Birte Boock. (mbe) (Entered: 11/16/2010)
11/08/2010 66 OPPOSITION BRIEF re: 64 Affirmation in Opposition (i.e., Opposition to Def's Motion to Set Aside Entry of Default). Document filed by Securities and Exchange Commission. (Attachments: # 1 Affidavit re recently obtained mortgage for $300,000)(Chretien, Justin) (Entered: 11/08/2010)
11/08/2010 65 OPPOSITION BRIEF re: 63 Affirmation in Opposition (i.e., Opposition to Def's Motion to Set Aside Entry of Default). Document filed by Securities and Exchange Commission. (Attachments: # 1 Affidavit re: recent mortgage obtained)(Chretien, Justin) (Entered: 11/08/2010)
11/05/2010 62 ORDER: Defendants Irwin Boock and Birte Boock ("the Boocks") having submitted affirmations dated October 15, 2010 in opposition to the entry of default against them, but having failed to submit proof of service of their papers on all parties to this action, including all defendants, it is hereby ORDERED that: 1. The Boocks shall serve their October 15, 2010 affirmations on all defendants, and file proof of service with the Court, no later than November 15, 2010. 2. The Court's Pro Se Office is directed to accepted the Boocks' October 15, 2010 affirmations for filing. (See Dkts. 61 , 62 .) (Signed by Magistrate Judge Debra C. Freeman on 11/4/2010) Copies Sent By Chambers. (lnl) (Entered: 11/05/2010)
10/20/2010 64 AFFIRMATION of Birte Boock in Opposition to Motion dated February 25, 2010. Document filed by Birte Boock. (mbe) (Entered: 11/08/2010)
10/20/2010 63 AFFIRMATION of Irwin Boock in Opposition to Motion for Entry of Default Judgment. Document filed by Irwin Boock. (mro) (Entered: 11/08/2010)
10/05/2010 59 NOTICE of Plaintiff's Second Supplemental Declaration in Support of Proposed Findings of Fact and Conclusions of Law Concerning Damages re: 52 Post Trial Memorandum,, 51 Post Trial Memorandum. Document filed by Securities and Exchange Commission. (Chretien, Justin) (Entered: 10/05/2010)
10/04/2010 LETTERS ROGATORY ISSUED as to Attorney General, St. Vincent & the Grenadin in West Indies. (ml) (Entered: 10/04/2010)
10/04/2010 58 ORDER finding as moot 54 Motion for Issuance of Letters Rogatory; finding as moot 56 Motion for Issuance of Letters Rogatory. ORDERED that the SEC's request to take a total of fifteen depositions is granted. IT IS FURTHER ORDERED that fact discovery must be completed by January 21, 2010. The remainder of the dates in the February 2, 2010 Scheduling Order remain the same. IT IS FURTHER ORDERED that the motions dated September 7, 2010 and September 22, 2010 for the issuance of letters rogatory shall be terminated as moot. SO ORDERED (Signed by Judge Denise L. Cote on 10/4/2010) (jmi) (Entered: 10/04/2010)
09/30/2010 57 ORDER: 1. No later than one week from the date of this Order, plaintiff is directed to serve and file a further supplemental declaration to the Declaration of Justin Chretien, dated June 21, 2010, setting out the exhibit numbers of any of the documents referred to therein. 2. No later than three weeks from the date of this Order, defendants Irwin Boock and Birte Boock are directed to clarify whether they are seeking to set aside the default entered against them, or are only seeking to challenge the damages sought by Plaintiff. Defendants are cautioned that, if they wish to appear in this proceeding pro se (in other words, to appear on their own behalf, without counsel), they must each appear separately; Mr. Boock cannot speak for, or represent, Ms. Boock before this Court, as he is not an attorney authorized to appear before the Court as counsel. Accordingly, defendants are cautioned that, if Ms. Boock does not appear on her own behalf or through an attorney, the Court will not treat her as having made an appearance. 3. If defendants wish to move to set aside the default against them, their further submissions should include specific factual showings to support their position that they have meritorious defenses to this action. Any such showing should be made through evidence inadmissible form, meaning that any statements by defendants should be presented in either sworn affidavits or declarations expressly made under penalty of perjury. Copies of any documentary evidence that defendants wish to submit to support their position should be attached as exhibits to such affidavits or declarations. Defendants should also present any other facts that may be pertinent to the question of whether the defaults against them should be set aside, including, for example, facts regarding the circumstances of their initial decisions not to defend this action. 4. If defendants simply wish to challenge plaintiffs claimed damages, then defendants should set forth the basis of any such challenge, again through affidavits or declarations madeunder penalty of perjury. If defendants seek an in-person, evidentiary hearing with respect to damages, then, as set forth in this Court's earlier Scheduling Order, they should specifically request such a hearing. (Signed by Magistrate Judge Debra C. Freeman on 9/30/10) Copies Sent By Chambers. (db) (Entered: 09/30/2010)
09/22/2010 56 MOTION for Issuance of Letters Rogatory to Attorney General St. Vincent & the Grenadines. Document filed by Securities and Exchange Commission. (Attachments: # 1 Application for Letter Rogatory to Attorney General, St. Vincent & the Grenadines, # 2 Proposed Letter Rogatory)(Chretien, Justin) (Entered: 09/22/2010)
09/10/2010 55 NOTICE of Supplemental Declaration in Support of Post Trial Memorandum re: 52 Post Trial Memorandum,,. Document filed by Securities and Exchange Commission. (Chretien, Justin) (Entered: 09/10/2010)
09/07/2010 54 MOTION for Issuance of Letters Rogatory Notice of Application. Document filed by Securities and Exchange Commission. (Attachments: # 1 Application for Letter of Request, # 2 Text of Proposed Order Letter of Request)(Chretien, Justin) (Entered: 09/07/2010)
07/21/2010 53 AFFIDAVIT OF SERVICE of Proposed Findings of Fact and Conclusions of Law Concerning Damages served on Irwin Boock, Stanton DeFreitas, Birte Boock, and Ontario 1621566 on June 22, 2010. Service was made by Mail. Document filed by Securities and Exchange Commission. (Chretien, Justin) (Entered: 07/21/2010)
06/21/2010 52 POST TRIAL MEMORANDUM. Document filed by Securities and Exchange Commission. (Attachments: # 1 Exhibit Exhibit 4 part 2, # 2 Exhibit Exhibit 4 part 3, # 3 Exhibit Exhibit 4 part 4, # 4 Exhibit Exhibit 4 part 5, # 5 Exhibit Exhibit 4 part 6, # 6 Exhibit Exhibit 4 part 7, # 7 Exhibit Exhibit 5, # 8 Exhibit Exhibit 6, 7, # 9 Exhibit Exhibit 8, # 10 Exhibit Exhibit 9, # 11 Exhibit Exhibit 10, # 12 Exhibit Exhibits 11, 12, 13, # 13 Exhibit Exhibit 14, # 14 Affidavit Gallacher affidavit, # 15 Affidavit Amyot declaration)(Chretien, Justin) (Entered: 06/21/2010)
06/21/2010 51 POST TRIAL MEMORANDUM. Document filed by Securities and Exchange Commission. (Attachments: # 1 Affidavit Declaration of Justin Chretien, # 2 Exhibit Exhibits 1, 2, # 3 Exhibit Exhibit 3, # 4 Exhibit Exhibi t pt II)(Chretien, Justin) (Entered: 06/21/2010)
06/15/2010 50 OPINION AND ORDER #99056 re: 18 MOTION to Dismiss, MOTION to Quash filed by Nicolette D. Loisel. Loisel's 1/27 motion to dismiss is denied. SO ORDERED. (Signed by Judge Denise L. Cote on 6/15/2010) (tve) Modified on 6/17/2010 (ajc). (Entered: 06/15/2010)
06/15/2010 49 MEMORANDUM OPINION AND ORDER #99055 re: 47 MOTION to Stay filed by Nicolette D. Loisel. The March 19 and May 10 motions by defendants Shoss and Loisel to stay this action as to them pending the resolution of the criminal proceedings against them, are granted. SO ORDERED. (Signed by Judge Denise L. Cote on 6/15/2010) (tve) Modified on 6/17/2010 (ajc). (Entered: 06/15/2010)
05/13/2010 48 LETTER addressed to Judge Denise L. Cote from Roger L. Shoss dated 4/19/10 re: This letter will serve as my response to the SEC's opposition to my request for a stay in this proceeding. Document filed by Roger L. Shoss.(mro) (Entered: 05/18/2010)
05/11/2010 46 ORDER, that on April 29, 2010, the Court rejected for filing a motion by pro se defendant Nicolette Loisel to stay the proceedings because the defendant had not served all counsel. On May 10, 2010, Loisel re-filed the motion and served all counsel. Also on May 10, the plaintiff filed opposition papers to Loisel's motion. It is hereby ORDERED that a reply, if any, is due by May 28, 2010. IT IS FURTHER ORDERED that failure to comply with any of the terms of this Order may constitute grounds for the denial of requested relief, dismissal of the action, the entry of judgment by default, or such other action as may be just in the circumstances. Additional relief as set forth in this Order. (Signed by Judge Denise L. Cote on 5/11/10) Copies mailed by Chambers.(pl) (Entered: 05/11/2010)
05/10/2010 47 MOTION to Stay the proceedings. Document filed by Nicolette D. Loisel.(mbe) (Entered: 05/12/2010)
05/10/2010 45 RESPONSE re: 42 Order,,, Response to Pro Se Motion for Stay. Document filed by Securities and Exchange Commission. (Chretien, Justin) (Entered: 05/10/2010)
05/06/2010 44 ENDORSED LETTER addressed to Judge Debra Freeman from Justin Chretien dated 5/5/2010 re: Requesting a 30 day extension time in which to file its proposed findings of fact and conclusions of law concerning damages in the above case, referred to your Honor by Judge Denise Cote for the purposes of an inquest. ENDORSEMENT: The within requested extension is granted. (Signed by Magistrate Judge Debra C. Freeman on 5/5/2010) (jpo) (Entered: 05/06/2010)
05/04/2010 43 LETTER addressed to Judge Denise L. Cote from John J. Dempsey dated 4/29/2010 re: Counsel write to correct an inadvertent misstatement of fact in plaintiff S.E.C.'s Opposition to defendant Roger L. Shoss's Request for a Stay in this action filed with he Court on 4/9/2010. Specifically, the staff erroneously stated in its Opposition that none of the issuers subject to its complaint were subject to the criminal proceedings brought by the US Attorney in the Middle District of Florida. Document filed by Securities and Exchange Commission.(tro) (Entered: 05/06/2010)
04/29/2010 42 ORDER; that having received notice from the Court's Pro Se Office of a motion by defendant Loisel that was not served upon all counsel, it is hereby ORDERED that any time any party files a motion or any papers with the Court, that the party also serve all parties and counsel listed on the attached mailing sheet. IT IS FURTHER ORDERED that when filing any papers with the Court, the parties shall provide a courtesy copy to Chambers by sending them to this Court's Pro Se Office, Room 230, United States Courthouse, 500 Pearl Street, New York, New York 10007. IT IS FURTHER ORDERED that failure to comply with any of the terms of this Order may constitute grounds for the denial of requested relief, dismissal of the action, the entry of judgment by default, or such other action as may be just in the circumstances. (Signed by Judge Denise L. Cote on 4/29/10) Copies mailed by Chambers.(pl) (Entered: 04/30/2010)
04/23/2010 41 MEMO ENDORSED denying 39 Motion for Extension of Time. Under SDNY L.Civ R.37.2, no discovery dispute may be raised any motion without a request for a conference preceding it. Moreover, the parties must attempt to resolve any dispute through a meet and confer process before raising it with the Court. Motion is denied. (Signed by Judge Denise L. Cote on 4/23/2010) (jmi) Modified on 5/3/2010 (jmi). (Entered: 04/26/2010)
04/21/2010 40 SCHEDULING ORDER FOR DAMAGES INQUEST: Plaintiff shall file and serve on defendants Irwin Boock, Stanton BJ. DeFreitas, Birte Boock, and 1621566 Ontario, Inc. (with a courtesy copy to my chambers) Proposed Findings of Fact and Conclusions of Law concerning damages no later than May 21, 2010. Plaintiff shall include with such service a copy of this Order. Defendants Irwin Boock, Stanton B.1. DeFreitas, Birte Boock, and 1621566 Ontario, Inc. shall submit their responses, if any, to Plaintiff's submission no later than JUNE 21, 2010. IF DEFENDANTS (I) FAIL TO RESPOND TO PLAINTIFF'S SUBMISSIONS, OR (2) FAIL TO CONTACT MY CHAMBERS IN WRITING BY JUNE 21, 2010, TO REQUEST AN IN-COURT HEARING, IT IS MY INTENTION TO ISSUE A REPORT AND RECOMMENDATION CONCERNING DAMAGES ON THE BASIS OF PLAINTIFF'S WRITTEN SUBMISSIONS ALONE WITHOUT AN IN-COURT HEARING. (Signed by Magistrate Judge Debra C. Freeman on 4/21/2010) Copies Mailed By Chambers.(jpo) Modified on 4/21/2010 (jpo). (Entered: 04/21/2010)
04/16/2010 39 MOTION for Extension of Time to Respond to Plaintiff Securities and Exchange Commission's First Set of Document Requests and Interrogatories. Document filed by Jason C. Wong. Return Date set for 4/26/2010 at 12:00 AM. (Attachments: # 1 Text of Proposed Order)(Weigel, Russell) (Entered: 04/16/2010)
04/09/2010 38 OPPOSITION BRIEF re: 33 Letter, requesting stay. Document filed by Securities and Exchange Commission.(Kisslinger, Paul) (Entered: 04/09/2010)
04/01/2010 37 MEMO ENDORSED granting 36 Motion for John J. Dempsey to Appear Pro Hac Vice for the Securities and Exchange Commission. (Signed by Judge Denise L. Cote on 4/1/10) (cd) (Entered: 04/01/2010)
Defendant Irwin Boock
Defendant Stanton B.J. Defreitas
Defendant Nicolette D. Loisel
Defendant Roger L. Shoss
Defendant Jason C. Wong
Relief Defendant Birte Boock
Relief Defendant 1621566 Ontario, Inc. a Corporation
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LATEST NEWS
PMCL Investors Demand Justice ... Or Else !!!
April 28, 2009
Ontario Securities Commission (OSC) Notice
IN THE MATTER OF IRWIN BOOCK, STANTON DEFREITAS, JASON WONG, SAUDIA ALLIE, ALENA DUBINSKY, ALEX KHODJIAINTS, SELECT AMERICAN TRANSFER CO., LEASESMART, INC., ADVANCED GROWING SYSTEMS, INC., INTERNATIONAL ENERGY LTD., NUTRIONE CORPORATION, POCKETOP CORPORATION, ASIA TELECOM LTD., PHARM CONTROL LTD., CAMBRIDGE RESOURCES CORPORATION, COMPUSHARE TRANSFER CORPORATION, FEDERATED PURCHASER, INC., TCC INDUSTRIES, INC., FIRST NATIONAL ENTERTAINMENT CORPORATION, WGI HOLDINGS, INC. and ENERBRITE TECHNOLOGIES GROUP
TORONTO – The Commission issued an Order which provides that the hearing of this matter on the merits shall be held on Monday, October 19, 2009 through to Friday, November 13, 2009, excluding Wednesday, November 11, 2009, commencing each day at 10:00 a.m. at the offices of the Commission on the 17th floor, 20 Queen Street West in Toronto.
OFFICE OF THE SECRETARY
JOHN P. STEVENSON, SECRETARY
URL: http://www.osc.gov.on.ca/Enforcement/Proceedings/ENR/enr_20090428_boocki.jsp
A copy of the Order dated April 22, 2009 is available at:
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20090422_boocki.jsp
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20090422_boocki.pdf
For Investor Inquiries:
OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)
For OSC Media Inquiries:
Wendy Dey - Director, Communications & Public Affairs - (416) 593-8120
Laurie Gillett - Manager, Public Affairs - (416) 595-8913
Carolyn Shaw-Rimmington - Assistant Manager, Public Affairs - (416) 593-2361
All OSC releases for PMCL: http://www.osc.gov.on.ca/Enforcement/Proceedings/AlphaListing/ep_p_index.jsp
Stanton DeFreitas - OSC Press Releases: http://www.osc.gov.on.ca/Enforcement/Proceedings/AlphaListing/ep_d_index.jsp (scroll down to "De Freitas")
June 24: OSC Order for Stanton DeFreitas (Trader): http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20080624_defreitas.jsp
June 25: OSC Notice for Stanton DeFreitas (Trader): http://www.osc.gov.on.ca/Enforcement/Proceedings/ENR/enr_20080625_defreitas.jsp
Who is Stanton DeFreitas ?
S.B.J. DeFreitas is a financial and strategy consultant to various high net worth individuals and business enterprises across the globe with a focus on North America and the OECS. His background in the North American banking, brokerage and insurance sectors, estate, tax and strategic planning, coupled with his concentration on the offshore industry make him a multi-faceted consultant who can contribute to a variety of assignments for any client.
DeFreitas and Associates: http://www.defreitas-consulting.com/practitioner_sbj.htm
February 27, 2009
Securities and Exchange Commission (SEC) Order
SEC Suspends Trading of Imark Technologies, Inc. (n/k/a Pharm Control Ltd.) on Feb 27, 2009
"It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Imark Technologies, Inc. (n/k/a Pharm Control Ltd.) because it has not filed any periodic reports since the period ended March 31, 1998."
http://www.sec.gov/litigation/suspensions.shtml
http://www.sec.gov/litigation/suspensions/2009/34-59466.pdf
http://www.sec.gov/litigation/suspensions/2009/34-59466-o.pdf
Ontario Securities Commission (OSC) Notice
IN THE MATTER OF Irwin Boock, Stanton DeFreitas, Jason Wong, Saudia Allie, Alena Dubinsky, Alex Khodjiaints, Select American Transfer Company, LEASESMART, INC., ADVANCED GROWING SYSTEMS, INC., INTERNATIONAL ENERGY LTD., NUTRIONE CORP., POCKETOP CORP., ASIA TELECOM LTD., PHARM CONTROL LTD., CAMBRIDGE RESOURCES CORP., COMPUSHARE TRANSFER CORP., FEDERATED PURCHASER, INC., TCC INDUSTRIES, INC., FIRST NATIONAL ENTERTAINMENT CORP., WGI HOLDINGS, INC. and ENERBRITE TECHNOLOGIES GROUP
The Commission issued an Order adjourning the hearing until February 17, 2009 at 3:00 p.m. for the purpose of having a pre-hearing conference on that date.
Source: http://www.osc.gov.on.ca/Enforcement/Proceedings/ENR/enr_20090206_boocki.jsp
January 20, 2009
Ontario Securities Commission (OSC) Order
Temporary Orders in respect of the Corporate Respondents and in respect of Boock and DeFreitas were extended until the conclusion of this proceeding or until further order of the Commission with an exception allowing Boock to trade in his existing RRSP account in securities that are listed on the Toronto Stock Exchange or New York Stock Exchange, provided that Boock provides to Staff copies of the monthly account statements for the RRSP account on a timely basis.
Submissions from counsel for Staff of the Commission, counsel to Boock, DeFreitas, and Enerbrite Technologies, respectively, and from Alena Dubinsky and Alex Kodjiaints on their own behalf, and upon being advised that Jason Wong through his counsel does not object to the order being sought by Staff, with no one appearing for the balance of the Individual and Corporate Respondents.
The hearing is adjourned until February 17, 2009 at 3 p.m. for the purpose of having a pre-hearing conference on that date.
Source: http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20090120_boocki.jsp
PDF: http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20090120_boocki.pdf
January 12, 2009
Shareholders Discovered Pharm Control Ltd Web Site is Shut Down: http://www.control24online.com
Analsyis of Pharm Control Ltd Web Sites Using GoDaddy.com: http://investorshub.advfn.com/boards/read_msg.asp?message_id=23093369
Diabetes product, Control 24™, is available at alleged CEO Dr. Lee's web site: http://www.leejaseng.com/diabetes_news/diabetes_safe.htm
Control 24™
FDA Registration No: 2022038
DEA Registration No: RB0177877
FDA Microbiological Evaluation Test Results: http://www.leejaseng.com/diabetes_news/diabetes_micro_evaluation.jpg
FDA Supplement Facts Test Results: http://www.leejaseng.com/diabetes_news/diabetes_supplement_facts.jpg
FDA Acute Oral Toxicity Test Results: http://www.leejaseng.com/diabetes_news/diabetes_toxicity.jpg
CEO Dr. Lee's web site: http://www.leejaseng.com
CEO Dr. Lee's contact info: http://www.leejaseng.com/company/company.htm
Note: Dr. Lee is CEO of Pharm Control Ltd. according to 2007 press releases.
CEO Profile: Dr. Sang Hee Lee
Dr. Lee continues to practice medicine in Canada and has brought with him 3 generations of knowledge and expertise in Oriental Medicine. He is now the mastermind behind the new line of herbal supplements manufactured by S. H. Herb America Inc. Within his first year, his patients began to multiply rapidly as his Natural Dietary Supplements gained popularity. He has now treated tens of thousands of patients internationally.
Dr. Lee's Medical Practice: http://www.leejaseng.com/company/company.htm
Shareholder Conversation with CEO Dr. Lee: http://investorshub.advfn.com/boards/read_msg.asp?message_id=18237523
CEO Dr. Sang Hee Lee's Manufacturing Facilities
S. H. Herb America Inc.
1940 West Olympic Boulevard
Los Angeles, CA 90006-3704
Phone: (213) 383-1010
Canada business record date: 01/30/2007
S. H. Herb America Canada Inc.
Toronto, Ontario M2N 5P2
CANADA
Note: Pharm Control Ltd has not confirmed the association of this web site with the company or Dr. S.H. Lee. iHub members have tried to contact Dr. Lee by email at info@leejaseng.com.
June 24, 2008 - OSC Temporary Trading Halt Order
Upon hearing submissions from counsel for Staff of the Commission and with the consent of NutriOne and the consent of Pharm Control, with no one appearing for David Watson, Nathan Rogers, Amy Giles, John Sparrow, LeaseSmart, Cambridge Resources, Advanced Growing Systems, The Bighub.Com, Universal Seismic, Pocketop, International Energy, Select American and Asia Telecom; The Commission is of the opinion that it is in the public interest to make this order:
IT IS ORDERED THAT: the hearing to extend the Temporary Orders, as modified, is adjourned until September 9, 2008 at 1:00 p.m.; and pursuant to subsection 127(8) of the Act, the Temporary Orders, as modified, are extended until September 10, 2008 or until further order of the Commission.
Pharm Control Ltd - OSC Press Releases: http://www.osc.gov.on.ca/Enforcement/Proceedings/AlphaListing/ep_p_index.jsp (scroll down to "Pharm Control Ltd")
June 24: OSC Order for PMCL: http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20080624_select_american.jsp
June 25: OSC Notice for PMCL: http://www.osc.gov.on.ca/Enforcement/Proceedings/ENR/enr_20080625_select_american.jsp
Company Mission Statement
Pharm Control Ltd. is devoted to discovering and developing new remedies that will enable patients to live longer, healthier, and more productive lives. Pharm Control's mission is to develop natural and no side effect supplements to support a normal way of life with Diabetes, High Cholesterol and High Blood Pressure.
Herbal Products and Pipeline
1. Diabetes Solution: Control 24™ - Available Now at Online Store - http://www.control24online.com
2. High Cholesterol Solution: SAPO-Q™ - Available Now at Online Store - http://www.control24online.com
3. High Blood Pressure Solution: Developing - See PR on April 27, 2007
4. Dr. Lee's Medical Practice & Herbal Solutions: http://www.leejaseng.com/company/company.htm
Weekly Share Price Analysis
Company Info
Pharm Control Ltd
47 Redwillow Drive
Toronto, Ontario, M3A 2K8
CANADA
Web: http://www.control24online.com
Phone: (416) 710-5136 (Company Office)
Phone: (416) 562-6030 (Company Office)
Phone: (212) 252-4521 (Investor Relations)
Fax: (416) 391-3802
State Of Incorporation: Delaware, USA
Canada Business Number: 861-16-2253
Company Share Structure
Outstanding Shares: 40,832,508 (as of Dec 12, 2006)
Management Owned Shares: 30,000,000 (Estimated)
Anticipated Outstanding Shares After Future 8:5 Forward Split: 65,332,013 (May 11, 2007 PR)
iHub Member Survey: 85 shareholders, 25,652,730 shares - http://investorshub.advfn.com/boards/read_msg.asp?message_id=24265089
Stock Transfer Agent
First American Stock Transfer
706 East Bell Road, Suite 202
Phoenix, AZ 85022-6642
Phone: (602) 485-1346
Fax: (602) 788-0423
POC: Salli A. Marinov
Email: Salli@firstamericanstock.com
Website: http://www.firstamericanstock.com
Business Description
Pharm Control Ltd. is a leading all natural medicine, research and development company devoted to inventing herbal-based remedies that allow patients to live longer, healthier, and more productive lives. Its founders have invested over 10 years of research discovering and developing new and effective, non-synthetic ways to fight and relieve disorders and sickness in the modern world.
Mission Statement
Pharm Control Ltd. is devoted to discovering and developing new remedies that will enable patients to live longer, healthier, and more productive lives. Pharm Control's mission is to develop natural and no side effect supplements to support a normal way of life with Diabetes, High Cholesterol and High Blood Pressure.
Company Officers
Dr. Sang Hee Lee: President, CEO, http://www.leejaseng.com/company/company.htm
Eugene Kron: Vice President, Press Release POC: (212) 252-4521
Yevgen Konaryev: Vice President, Director
Jae Ho Kim: Vice President, Director: http://www.henryfordhealth.org/11486.cfm
Ho Sup Song: Secretary, Treasurer: http://www.keri.org/eng/about/org_supt03.asp
Note: The association of the above 3 web sites with PMCL company officers has not been confirmed to date. Provided for research purposes only.
Company Email:
General Company Info: contact@control24online.com
Product Info: info@control24online.com
CEO Sang Hee Lee: info@leejaseng.com, jasengca@hotmail.com
VP Eugene Kron: pmclinfo@yahoo.com, pharmcontrol@gmail.com
Stock Transfer Agent: Salli@firstamericanstock.com
Company Products and Pipeline
1. Diabetes Solution: Control 24™ - Available Now at Online Store - http://www.control24online.com
2. High Cholesterol Solution: SAPO-Q™ - Available Now at Online Store - http://www.control24online.com
3. High Blood Pressure Solution: Developing - See PR on April 27, 2007
4. Dr. Lee's Medical Practice & Herbal Solutions: http://www.leejaseng.com/company/company.htm
Diabetes Soltuion: Control 24™ is Available Now
Control 24™: Learn more about patient test results, testimonials and an interview with CEO Dr. Lee: http://www.leejaseng.com/diabetes_news/diabetes_news.htm
FDA Testing: Herb/food supplement testing successful at the Bio-Science Research Institute, a FDA registered testing laborartory in Chino, California - http://www.bio-scienceresearch.com
Dr. Lee's Medical Practice: http://www.leejaseng.com/company/company.htm
High Cholesterol Solution: SAPO-Q™ is Available Now
SAPO-Q™: the all natural food supplement, helps to reduce cholesterol levels of adults suffering from high levels of cholesterol. It is 100% natural and side effect free, fully made of Oriental herbs which have several thousands years of tradition and usage.
The Bio-Science Research Institute Inc. in FDA adjudges SAPO-Q to be free from acute oral toxicants. Learn more about this Cholesterol Care Natural Solution now available for purchase at the Online Store:
FDA Testing: Herb/food supplement testing successful at the Bio-Science Research Institute, a FDA registered testing laborartory in Chino, California - http://www.bio-scienceresearch.com
High Blood Pressure Solution: Herbal-Based Product Available Soon
"Pharm Control is proud to announce that the company is intensely researching and developing a new product that is an all-natural medication to reduce blood pressure for high blood pressure sufferers. The Company hopes to bring this product to market shortly both in Europe and North America where the market for such a product is high." (April 18, 2007 PR)
Company Info on the Web
Pink Sheets: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=PMCL
OTCBB: http://www.otcbb.com/asp/quote_module.asp?qm_page=90408&symbol=PMCL
Yahoo: http://finance.yahoo.com/q?s=PMCL.PK
Qwoter: http://www.qwoter.com/profiles/item.php?id=34&dir=1
Announced Stock Listing Changes
Company name: Natural Medicines Inc.
Stock symbol: NATM.PK
CUSIP: 63889A101
European IPO: Natural Medicines AG - New European Distribution Company (Feb 21, 2007 PR)
Shareholder Dividend: "one new share of Natural Medicines AG for every three shares of Pharm Control" (May 16, 2007 PR)
Asian IPO: "The Company is looking into listing the (stock) for trading in overseas markets with an emphasis on South East Asia." (April 27, 2007 PR)
iHub Member Research: http://www.investorshub.com/boards/read_msg.asp?message_id=19279195
iHub Member Comments on Potential PMCL Sales in South Korea: http://investorshub.advfn.com/boards/read_msg.asp?message_id=18196450
WHY ARE DISCOUNT BROKERS BLOCKING BUY ORDERS AND ONLY ALLOWING SELL ORDERS OF PMCL SHARES ?
Temporary Trading Halt Order by OSC and DTC
Source: http://www.osc.gov.on.ca/Enforcement/Proceedings/ENR/enr_20071218_watsond.jsp
Ontario Securities Commission (OSC) Temporary Trading Halt Order (May 22, 2007)
"Select American, acting as the transfer agent to these companies, may have issued false share certificates for trading in securities of these issuers in the over-the-counter securities market via the Pink Sheets."
Source: http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20070522_select-american.jsp
Pharm Control Ltd (PMCL) Responds to OSC Allegations (May 25, 2007)
"The Management of Pharm Control Ltd. would like to notify all shareholders that it vehemently denies any allegations made by the Ontario Securities Commission (OSC) in its Press Release. The Company will have its lawyers vigorously pursue all avenues to clarify these matters on behalf of its shareholders."
Source: http://biz.yahoo.com/iw/070525/0257794.html
Depository Trust Company (DTC) Response to OSC Temporary Order (May 25, 2007)
Source: http://www.dtc.org/impNtc/ope/ope_1641.pdf
Ontario Securities Commission (OSC) Temporary Trading Halt Order (June 25, 2007)
"Trading in any securities by Select American Transfer Co. ("Select American") shall cease. Submissions from counsel representing Pharm Control have consented to the extension of the June 1st Order until September 28, 2007."
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20070625_selectamerican.jsp (June 25, 2007)
NOTE: Fidelity and Bank of America are the only known discount brokers that are allowing people to buy PMCL shares as of Septbember 24, 2007.
OSC Contact Information
Phone: 1-877-785-1555 (Toll Free)
Email: inquiries@osc.gov.on.ca
News Releases: http://www.osc.gov.on.ca/Media/NewsReleases/2007/nr_2007_index.jsp
2007 COMPANY PRESS RELEASES - APPARENTLY ALL COMPLETELY FALSE & MISLEADING STATEMENTS
Market Wire: http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=35770
Yahoo: http://finance.yahoo.com/q?s=PMCL.PK
Qwoter: http://www.qwoter.com/profiles/item.php?id=34&dir=1
May 25, 2007: Pharm Control Responds to OSC Allegations (Market Wire)
The Management of Pharm Control would like to notify all shareholders that it vehemently denies any allegations made by the Ontario Securities Commission (OSC) in its Press Release. The Company will have its lawyers vigorously pursue all avenues to clarify these matters on behalf of its shareholders.
May 16, 2007: Pharm Control Shareholder Update (Market Wire)
The Board of Directors of Pharm Control has decided to dividend out to shareholders one new share of Natural Medicines AG for every three shares of Pharm Control held by shareholders of record on Friday, July 13, 2007. Discussions with European investment bankers have revealed to Company management that the anticipated trading level for the new European entity will be in the area of 0.25 Euros. This dividend will be paid after the 8 new for 5 old dividend payment of Pharm Control at the end of June. Pharm Control's management anticipates the name change and CUSIP number change to become effective any day now and will follow up with another shareholder update along with the name of the new transfer agent once all is completed.
May 11, 2007: Pharm Control Shareholder Update (Market Wire)
The Board of Directors of Pharm Control is proud to announce that they have decided to reward patient shareholders with a forward stock split whereby shareholders of record on June 29, 2007 will receive eight (8) new shares for every five (5) shares they hold. The company intends to proceed with the previously announced stock spin-off of the European distribution company after this dividend is completed. Pharm Control is still in the process of completing its change of transfer agents while awaiting the approval of the new stock symbol by the NASD.
May 4, 2007: Pharm Control Announces Formation of New Marketing and Distribution Unit (M2 PRESSWIRE via COMTEX)
Pharm Control Ltd is pleased to announce that after discussions with European investment bankers, the Company has decided to form a new corporation called Natural Medicines AG, which will serve as the Company's marketing and distribution arm of in Europe.
The Company intends to spin off by way of stock dividend ownership of this new entity to its shareholders. This will be done after the Company makes the necessary arrangements to list this company on a European stock exchange in the coming months.
Further information including dividend dates will be forthcoming.
CONTACT: Eugene Kron, Vice President, Pharm Control Ltd. Tel: +1 212 252 4521 e-mail: pmclinfo@yahoo.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
April 27, 2007: Pharm Control Shareholder Update (Market Wire)
Pharm Control would like to update its shareholders by advising that the Company anticipates the name change to Natural Medications Inc., the new CUSIP and new symbol to be processed by some time in early May 2007. In addition, the Board of Directors increased the Authorized Shares to 1 billion in order to have the flexibility of possible financings in the future but also to pursue acquisitions, particularly manufacturing facilities in Southeast Asia. As part of this potential growth, the Company is looking into listing the Company for trading in overseas markets with an emphasis on South East Asia.
April 18, 2007: Pharm Control Announces New Product Developments (Market Wire)
Pharm Control is proud to announce that the Company is intensely researching and developing a new product that is an all-natural medication to reduce blood pressure for high blood pressure sufferers. The Company hopes to bring this product to market shortly both in Europe and North America were the market for such a product is high. In regard to Shareholder Update dated April 5, 2007, the Company anticipates the name change to Natural Medications Inc. and the new CUSIP number will be completed in the upcoming weeks.
April 5, 2007: Pharm Control Ltd Shareholder Update (M2 PRESSWIRE via COMTEX)
Pharm Control Ltd is announcing its plan to change the Company's name to Natural Medications Inc. The new Corporate name is a better reflection of the Company's mandate of researching and developing non-synthetic medicines.
Management also wishes to advise its shareholders that all existing shares will be exchanged on a one existing share for one new share basis (1 for 1) once the Name Change has been confirmed and the new CUSIP number has been obtained.
It is management's hope that these initiatives taken will combat the recent short selling of the Company's shares.
CONTACT: Eugene Kron, Vice President, Pharm Control Ltd. Tel: +1 212 252 4521 e-mail: pmclinfo@yahoo.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
March 22, 2007: Pharm Control Ltd Victim of Short Selling (M2 PRESSWIRE via COMTEX)
Pharm Control Ltd management is in the process of ordering a current Non Objecting Beneficial Owners list (NOBO list) from ADP Investor Communications. This is in response to the various emailssent and calls made to the Company's offices concerning possible short selling of the Company's stock.
The NOBO list shows a more complete and comprehensive shareholder profile than is typically available on a shareholder list provided by a transfer agent. In addition, management will order Depository Trust Corporation (DTC) reports for further examination. Both lists will be utilized to uncover possible short positions.
The NOBO list will be used to determine the naked short position in Pharm Control's common stock. The NOBO list will be compared to the reports from the DTC which contains data regarding all brokers and amounts of shares being held for investors. These lists will be used to get a total amount of shares owned by all shareholders and any naked short positions. The findings will then be reported to the NASD (National Association of Securities Dealers) to take action against the violators of the naked short regulations.
The company will take all necessary action to protect the value of shareholder investments and the steps now being taken exhibit the Company's response to the various emails send and calls made to our offices by investors.
CONTACT: Eugene Kron, Vice President, Pharm Control Ltd. Tel: +1 212 252 4521 e-mail: pmclinfo@yahoo.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
February 21, 2007: Pharm Control Plans Listing Changes (Qwoter.com)
The management of Pharm Control has announced plans to have the Company’s stock listed on a higher exchange next year in the United States. Concurrent with an enhanced listing in the USA, the Company plans to apply for listings on European and other international exchanges. Management is anticipating revenue for 2007 to exceed US $18,000,000 with 2008 early projections being in excess of US $50,000,000. Profit margins are anticipated to be in excess of 20%. Pharm Control Vice President, Eugene Kron has stated, “listings on higher and overseas exchanges should increase the profile of the company dramatically.”
February 20, 2007: Pharm Control Anticipates Revenue Growth for the first half of 2007 (Qwoter.com)
Pharm Control estimates that European sales should total US $8,400,000.00 in the first 6 months of operations with further increases anticipated as the company expands into other European markets where natural and homeopathic remedies are readily accepted.
January 30, 2007: Pharm Control Announces the Acquisition of Licensing Rights in Europe (Market Wire)
Pharm Control is proud to announce the acquisition of licenses required to sell its products in Poland and Germany, where natural and homeopathic acceptance of natural solutions is well known. The first trial shipments of pills have been shipped to Germany and Poland and the Company expects that its Control 24™ product will be available on the shelves in both countries by the middle of 2007.
iHub Member Comment on Wal-mart: http://investorshub.advfn.com/boards/read_msg.asp?Message_id=18000672&txt2find=european
January 24, 2007: Pharm Control Announces Preliminary Talks With Wal-Mart (Market Wire)
As part of its continuing efforts to broaden product distribution, Pharm Control has made an application and has had preliminary talks with Wal-Mart to become a new supplier. As part of these discussions the company has been given a Supplier Application Number. The company expects talks to continue this year.
January 23, 2007: Pharm Control Now Trading on the OTC (Market Wire)
Pharm Control is pleased to announce that the company now trades on the OTC pink sheets under the symbol PMCL. The company is focused on the development of natural, no side effect supplements to cure diseases such as Diabetes, high blood pressure and high cholesterol related sicknesses, digestive disorders, liver and kidney diseases. The first product in the development pipeline is Control 24™, a natural product that is focused on the Diabetes and pre-Diabetes market.
Disclaimer
This board, the moderator and assistants are not associated with Pharm Control Ltd. or any firms under contract to promote Pharm Control Ltd.
All messages, including iBox content, are the opinion of the posters, are no substitute for your own research, and should not be relied upon for stock trading or any other purpose.
Please review the Investors Hub Terms of Service (TOS) for the message posting rules. Posting on internet message boards is not anonymous and you can be held liable for spreading false and misleading information about people and companies. Post at your own risk.
TOS Refresher: http://investorshub.advfn.com/boards/complex_terms.asp
For more information regarding investments and Internet fraud, please visit the SEC web site: http://www.sec.gov/sitemap.shtml and http://www.sec.gov/investor/pubs/cyberfraud.htm
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