AUTHORIZED SHARES INCREASED FROM 2 BILLION TO 3.5 BILLION
(AS OF 5/7/2015)
Dallas, TX -- May 6th, 2015 -- InvestorsHub NewsWire -- ProTek Capital Inc., (OTCPK: PRPM), is pleased to announce that PRPM has entered a Memo of Understanding for the acquisition of IncBuzz, Click to read: http://ih.advfn.com/p.php?pid=nmona&article=66730485
ONCE AGAIN, EDDIE VAKSER IS RECYCLING AN OLD PR FROM ANOTHER OF HIS COMPANIES (OTCPK: TDEY). THE RECIPIENT THIS TIME IS SUTIMCO'S "SISTER COMPANY" PROTEK CAPITAL (OTC: PRPM ) --WHICH WAS DTCC LOCKED FOR NEARLY A YEAR). ON NOVEMBER 10, 2014 VAKSER ANNOUNCED THE "BIG NEWS" ABOUT "INCBUZZ" AS A REASON TO BUY HIS TDEY. CHECK OUT HOW WELL IT WORKED FOR THEM... PPS .0001 AND NO BID!
Mr. Edward Vakser, known around the penny shell stocks as " the reverse split shuffler", "Bust out Eddie", "NO BID VAKSHAM", every company he has in his grips shareholders go broke!
SUTI, PRPM, PBHG, TDEY, AURI, TSRR (GREY MARKET) AND ARTS (SEC REVOKED)
"Owner" Edward Vakser was indicted by the Dallas County grand jury for "felony theft" on 2/12/2014. Accordingly, he was required to disclose that he was facing a felony charge in Dallas in Shareholder Disclosures. Despite claims he had "resigned" from any managerial position earlier in the year, it is believed by many that he remains fully in charge. He has recently officially returned to manager/ director/ control person status by declaring himself a "consultant" on OTC. He and his family (which includes the CFO) are accused by some investors of dumping tens of millions of shares.
UPDATE: ON MAY 4, 2015 VAKSER ANNOUNCED THAT "ALL CHARGES AGAINST HIM HAVE BEEN DROPPED" ...THAT THE CASE WAS "DISMISSED" AND PROCLAIMED HIS COMPLETE "INNOCENCE" IN MULTILE PUBLIC POSTS.
CONFIRMED (May 5, 2015)-- THE CASE AGAINST VAKSER WAS "DISMISSED" ONLY BECAUSE...
HE ACCEPTED A "REDUCED CHARGE" AND PAID "FULL RESTITUTION OF $27,500" TO THE PLAINTIFF.
To view all official court documents click here: http://courtecom.dallascounty.org/pav/
Enter case# -->>F1400082<<-- and click “search.”
Common Stock - Alternative Reporting - OTC Pink Current SUTIMCO Share Structure (per Official Annual Report 12/31/14 Trading Symbol: SUTI Exact title and class of securities outstanding: Common Stock CUSIP: 86936P300 Par or Stated Value--Previously: $ 0.001 --Currently $0.0001 STATE(S) OF INCORPORATION SUTI was incorporated NEVADA. Its' business license expired on 5/31/2014 and was dissolved on 2/3/2015.
***THE COMPANY HAD A "PAR SHARE COUNT" of 5,500,000,000.00 with a PAR VALUE of .001** CAPITAL AMOUNT= $5,500,000.00*** http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=3qx4hm2n442ri3%252fWAZJXGA%253d%253d&nt7=0 Eddie Vakser acquired SUTI and re-domiciled to WYOMING on January 16, 2015.
The NEW corporate filing currently lists 3,500,000,000 authorized shares and a PAR VALUE of .0001 https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=069167253069047076105039056075216227040057012139 Share Structure from the official company filing dated APRIL 15, 2015 https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=135942 Share Structure has been compiled as reported by management on OTC’s “Company Profile”--in other official filings and from other sources. Disputed figures will be included and identified as such. http://www.otcmarkets.com/stock/SUTI/profile
The NEW corporate filing currently lists 3,500,000,000 authorized shares (increse of 1.5 billion) and a PAR VALUE of .0001 as of 5/7/2015 https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=069167253069047076105039056075216227040057012139
Shareholders of record—119 a/o Apr 15, 2015 NOTE: THE COMPANY HAD A "PAR SHARE COUNT" of 5,500,000,000.00 with a PAR VALUE of .001** CAPITAL AMOUNT= $5,500,000.00 until 2/3/15
|Authorized Shares ||2,000,000,000 |
a/o Apr 15, 2015
a/o Feb 24, 2015
a/o Dec 31, 2014
a/o Jul 31, 2014
|Outstanding Shares ||1,182,576,926 |
a/o Apr 15, 2015
a/o Feb 24, 2015
a/o Dec 31, 2014
a/o Jul 31, 2014
|Restricted ||Not Available ||Not Available |
a/o Dec 31, 2014
|Not Available |
|Unrestricted ||Not Available ||Not Available ||Not Available ||Not Available |
|Held at DTC ||Not Available ||Not Available ||Not Available ||Not Available |
|Float ||1,018,744,126 |
a/o Apr 15, 2015
a/o Feb 24, 2015
|Not Available ||Not Available |
|Par Value ||0.0001 ||0.0001 ||0.001 ||N/A |
DISPUTE: Others here assert there are “1,183,252,198 regular shares, 223,129,887 restricted, 11,406,382,085 total.” Will be happy to post verification when and if provided). Transfer Agent (reportedly UN-GAGGED in April 2015) Jason M. Bogutski- President SIGNATURE STOCK TRANSFER, INC.
2632 Coachlight Court Plano, Texas 75093
Telephone 972.612.4120 Facsimile 972.612.4122
Email email@example.com ALL OFFICIAL COMPANY FILINGS http://www.otcmarkets.com/stock/SUTI/filings PRINCIPAL MAILING ADDRESS
c/o CAPITAL ADMINISTRATIONS LLC (a mail slot w/ SUTU's Registered Agent)
1712 Pioneer Ave. Box 5849A Cheyenne, WY 82001 NOTE: NO PHYSICAL ADDRESS FOR OF OFFICES OR FACILITIES HAS BEEN DISCLOSED BY MANAGEMENT NOTES: In January 2015, the issuer (SUTI) claims it acquired Luxuriant Holdings from ProTek Capital, Inc. (OTCPK:PRPM) --which had been DTCC globally locked since the spring of 2014. SUTI later promised to offer to issue a 10-for-1 future dividend to ProTek Capital shareholders (i.e. 1 share of SUTI stock for every 10 shares of ProTek Capital stock owned) sometime in April 2015. This arrangement also includes billions of shares held by management and “beneficial shareholders (i.e. the Vakser family) which likely accounted for the record volume experienced by both companies when the DTCC lockwas lifted. PRPM has 12 billion shares authorized
. HISTORY OF MANAGEMENT LUTHER JEFFRIES WAS HIRED BY EDWARD “EDDIE” VAKSER TO SERVE AS CEO OF PROTEK CAPITAL [PRPM] ON DECEMBER 19, 2013. IN THE SPRING OF 2014, PRPM WAS SLAPPED WITH A DTCC “GLOBAL LOCK.” VAKSER THEN ACQUIRED SUTIMCO INC [SUTI] IN JULY 2014 “FOR PRPM SHAREHOLDERS” NAMING HIMSELF AS CHAIRMAN, CEO, PRESIDENT & DIRECTOR. HE PROCEEDED TO STEP DOWN AS CEO AND INSTALL JEFFRIES IN AUGUST 2014.
NO “VERIFIABLE” INFORMATION ABOUT JEFFRIES OR HIS PAST WAS DIVULGED BY EITHER HIMSELF OR MANAGEMENT. EVERYTHING WAS HEARSAY. A GROUP OF INVESTORS UNCOVERED EVIDENCE THAT JEFFRIES WAS A WANTED FUGITIVE WHO HAD SUCCESSFULLY EVADED A 9 YEAR OLD WARRANT FOR GRAND LARCENY. HE WAS ACCUSED OF STEALING $20K FROM THE “FAMILY DOLLAR STORE” HE MANAGED IN WASHINGTON COUNTY, NY. (A FACT OMITTED FROM HIS EMPLOYMENT HISTORY). ONCE CONFRONTED JEFFRIES REPEATEDLY AND PUBLICLY DENIED THESE ALLEGATIONS AND THREATENED LEGAL ACTION AGAINST THE MEMBERS WHO MADE THEM. NEVERTHELESS, SOME MEMBERS NOTIFIED LAW ENFORCEMENT WITH SPECIFIC INFORMATION AND DETAILS WHICH CONFIRMED TO POLICE HE WAS THE MAN THEY WERE SEEKING. ON 3/31/15 LUTHER JEFFRIES ANNOUNCED HIS PLANS TO RESIGN AS CEO OF SUTI AS OF 04/02/2015. INSTEAD HE WAS ARRESTED THAT VERY DAY. SEE NEWS REPORTS BELOW:
The following image was posted on 3-25-2013 on Facebook using the alias "Luke Jeffreis" --intentionally misspelled by him to avoid capture. This photo was instrumental in assisting police in identifying him as the man they were looking for.
FORT EDWARD - "The former manager of the Family Dollar store in Fort Edward was arrested Thursday for allegedly stealing nearly $20,000 worth of deposits and fleeing the state. Luther R. Jeffries of White Birch Estates in Moreau allegedly stole four days’ worth of deposits totaling $19,790 while he managed the store in 2006, according to a news release from the Washington County Sheriff’s Office. NOTE: IT IS APPARENT THAT JEFFRIES IS NO LONGER AN OFFICER OR DIRECTOR OF EITHER SUTI OR IT’S SISTER COMPANY PRPM. HOWEVER, MANY PEOPLE INVESTED CONSIDERABLE SUMS IN THESE COMPANIES BASED ON STATEMENTS AND ACTIONS MADE BY HIM AND VAKSER. IT’S UNCLEAR WHETHER THOSE WILL BECOME PROBLEMATIC FOR THE COMPANY GOING FORWARD (I.E. LAWSUITS). OFFICIAL FILINGS MADE BY THE COMPANY REPEATEDLY DENIED THAT “ANY OFFICER” OF THE COMPANY HAD ANY “PENDING FELONY CHARGES OR CONVICTIONS.” THIS WAS CLEARLY UNTRUE AND DECEPTIVE TO INVESTORS. IT MAY BE DETERMINED THAT OTHER OFFICERS OF SUTI/ PRPM KNEW ABOUT JEFFRIES ' FELONY WARRANT, CHOSE TO IGNORE IT AND THUS CONSPIRED TOGETHER TO DECEIVE TO INVESTORS. IT IS ALSO POSSIBLE THAT JEFFRIES MAY EVENTUALLY BE ABLE TO COME FORTH WITH INFORMATION THAT IS IMPLOICATES OTHER OFFICRS AND DIRECTORS AND IS DAMAGING TO SHAREHOLDERS. FOR THOSE REASONS AND OTHERS IT SEEMS THAT A FULL DISCLOSURE OF THESE EVENTS BE MADE AS THEY COULD POTENTIALLY ADVERSELY IMPACT INVESTORS. THE MAN WHO INSTALLED JEFFRIES AS CEO OF BOTH PRPM AND SUTI IS EDWARD “EDDIE” VAKSER (SEE BELOW). HE IS ALSO A CURRENT, OFFICER, DIRECTOR, CONTROL PERSON AND MAJORITY SHAREHOLDER OF SEVERAL PUBLIC COMPANIES INCLUDING SUTI, PRPM, PBHG, TDEY, AURI, TSRR (GREY MARKET) AND ARTS (SEC REVOKED). IT HAS YET TO BE DETERMINED WHETHER VAKSER IS GUILTY OF EITHER (A) KNOWING OF JEFFRIES CRIMINAL PAST, CHOSE TO DISREGARD IT AND CONSPIRED WITH HIM TO DEFRAUD INVESTORS OR (B) FAILING TO CONDUCT BASIC DUE DILLIGENCE (I.E. A CRIMINAL BACKGROUND CHECK) BEFORE TWICE INSTALLING HIM AS CEO OR (C) BOTH. NOTE: ABOUT THE TIME VAKSER MADE JEFFRIES CEO OF PRPM, HE (VAKSER) WAS INDICTED BY THE DALLAS GRAND JURY FOR CRIMINAL FELONY THEFT (BETWEEN $20,000 AND $100,000) FROM AN INDIVIDUAL IN DALLAS. HE WAS ARRESTED AND JAILED IN FEBRUARY 2014. DURING HIS ARRAIGNMENT HE TOLD THE MAGISTRATE HE WAS A “UKRAINIAN CITIZEN” BY VIRTUE OF HIS HAVING BEEN BORN IN THE FORMER SOVIET UNION. HE DID NOT INDICATE TO THE COURT THAT HE HOLDS DUAL CITIZENSHIP IN THE US. VAKSER IS BEING PROSECUTED BY THE DALLAS COUNTY DISTRICT ATTORNEY. ACCORDINGLY, VAKSER WAS COMPELLED TO ADMIT HE WAS FACING A FELONY CHARGE IN SHAREHOLDER UPDATES. IS PRESUMED INNOCENT OF THIS CRIME UNTIL PROVEN GUITLY OR ADMITS SUCH. UPDATE: THE FELONY CASE AGAINST VAKSER WAS DISMISSED ON MAY 1, 2015 BECAUSE HE PAID FULL RESTITUTION OF $27,500 TO THE PLAINTIFF ON APRIL 29, 2015 --THEREBY AVOIDING A TRIAL AND FELONY CONVICTION. To view all official court documents click here: http://courtecom.dallascounty.org/pav/
Jeffries has been active on Facebook as the CEO of a Penny Stock Company called Luxuriant Holdings, according to police. The Washington County Sheriff’s Office has received numerous calls from across the country over the last month reporting that the company was believed to be a scam. People have also been making inquiries about an active arrest warrant against Jeffries listed on the department’s website. With the public’s help, sheriff’s officers found Jeffries at a location in Moreau.
Jeffries was charged with felony third-degree grand larceny. He was arraigned in Washington County Court and held in lieu of $25,000 cash bail or $50,000 secure bond" THE FOLLOWING NEWS REPORTS TIE CEO JEFFRIES TO "LUXURIANT HOLDINGS" AND "PENNY STOCK SCAMS" http://www.timesunion.com/news/article/Deputies-9-years-later-Fort-Edward-store-6177085.php http://news10.com/2015/04/03/police-moreau-man-arrested-for-2006-crime-after-reports-of-his-involvement-in-a-current-scam/ http://wnyt.com/article/stories/s3755304.shtml
Enter case# F1400082 and click “search.”
DESPITE MULTIPLE STATEMENTS, FILINGS AND OTHER ASSURANCES THAT VAKSER WAS NO LONGER ASSOCIATED WITH SUTIMCO, HIS NAME HAS JUST REAPPEARED ON OTC'S "COMPANY PROFILE" UNDER OFFICERS AND DIRECTORS AS BEING A "CONSULTANT." THIS IS AS OF 4-15-15.
BENEFICIAL SHAREHOLDERS OF SUTI According to official filings dated 4/15/15, SUTI has three major shareholders--
Eddie Vakser owns--- 32.85%
Angie Tassan (Eddie's sister) owns--- 13.14%
James S Tassan (Angie's husband and SUTI's CFO) also owns--- 13.14%
That gives this family a total of >>59.13%<< of all SUTI stock-- and that's before the recent 1-for-10 "dividend swap" with PRPM
A previous filing dated 2/3/15 Eddie's private company NRG INC was also listed as a "beneficial shareholder" controlling 100 million shares. Whether those shares have already been dumped, swapped or bartered for promotional services is unclear.
OTHER MANAGEMENT CHAIRMAN: Scott N. Weinert– Just named to replace Michael Ronchetti as Chairman of SUTI on 4/15/15 by (Ronchetti remains named as Chairman of PRPM aka Luxuriant Holdings). Weinert is also President of PBHG and President of AURI –both Vakser companies. Weinert ran XEBEX which filed for bankruptcy in 2012. Weinert owns/operates PHOENIX FULFILLMENT GROUP LLC in Dallas though little information is known about it. CEO: JARROD TURNER—announced to replace Luther Jeffries a/o April 6, 2015. However, no information has yet been divulged regarding who “Mr. Turner” is –no photo, resume, address etc. He did not sign the official “company disclosure” dated 4/15/15 which was done so by CFO Tassan. In light of the recent experience with Vakser installing a wanted criminal as CEO of two related companies (PRPM & SUTI) it’s essential to verify Turners' identity and credentials. CFO- James Scott Tassan (brother-in-law of Eddie Vakser). He's also Acting CFO: Protek Capital (PRPM/ aka Luxuriant Holdings --globally locked until 4-15-15). He is CFO/ Treasurer/ Board Member: PBS Holding Inc (PBHG), Acting CFO: 3D Entertainment Holdings (TDEY), CFO of AURI, INC (AURI). Tassan was also the former CFO/ Treasurer of Eddie's ARTFEST INTERNATIONAL (ARTS --SEC Revoked), Michael Frey- Director Bruce Lytle – Director
Questionable actions and statements made prior to 4/15/15 by management:
On July 24, 2014 Vakser acquired Sutimco and appointed himself Chairman, CEO and President http://www.otcmarkets.com/financialReportViewer?symbol=SUTI&id=125485
On October 24, 2014 CEO Jeffries stated: "First and foremost the question of Mr. Vakser. Many people have asked about what place Mr. Vakser has in our new company SutimCo. I’m happy to announce that Mr. Vakser has tendered his resignation as he will be moving on to other projects. The matter was finalized with the BoD yesterday and will be filed with the state on Monday. We are greatfull for Mr. Vaksers help in acquiring SutimCo for Proteks shareholders and wish him well on his future ventures."
---Luther Jeffries (Facebook post)
October 3, 2014 the company quietly execued 1-for-100 reverse split
. Reportedly there were 48,646,931 - 55,000,000 outstanding shares (4,864,693,100 shares were oustanding a/o 6/30/2014 and there were 5.5 billion total authorized at time of r/s). Per Facebook page posting from ceo on 1/13/2015.
"Shareholders, I would like to take this opportunity to update our progress on attaining current status at otcmarkets. I filed to redomicile yesterday with the state of Wyoming as to which I will post our acceptance letter here when received. As a bonus to our loyal shareholders I reduced our maximum authorized shares from 5.5 billion to 2 billion
SUTI CEO Luther Jeffries stated that globally locked PRPM shareholders will obtain 1 share of SUTI for 10 PRPM (Luxuriant Holdings, Inc.) shares
. Therefore, 1.059 Billion authorized shares should be reserved for PRPM
Despite repeated assurances that he had long since resigned, on January 13, 2015 Eddie Vakser filed an official "shareholder disclosure" on behalf of SUTIMCO which he signed as "President." He, therefore, identified himself as being an officer, director or control person. For the first time ever he admitted he was facing a felony charge in Dallas. And he announced Sutimco would be paying rent and sharing office/ warehouse space at a building that his privately owned NRG INC leased in Dallas.
On January 28, 2015 Vakser was still identified on OTC "Administrative Officer/ Director" of SUTI.
On February 4, 2015- Luther Jeffries filed an amended "shareholder disclosure" and --once again-- announced that Edddie Vakser resigned yet that Vakser has promised to issue dividends to PRPM shareholders. However, the statement failed to disclose Jeffries' active felony warrant.
On February 10, 2015- Vakser personally registered multiple "Hempster" web domain names --a name trademarked by a rival company (American Seed Oil OTC: ALGA) headed by someone who used to work for Vakser, sued him, his family and their companies for $800k and was eventually awarded a judgment of $500k. On February 25, 2015 two "Hempster" domain names were acquired by Sutimco in exchange for 150 million shares of stock. The registration data on two of these names was ordered to be "private" (an additional paid service). Several others were registered by Eddie Vakser/ Protek. All were registered within minutes of each other. It appears Eddie sold two $10 domain names to SUTI for 150 million shares of stock.