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.