Like the nanotech recidivist foley, you can bet these guys were actively working from prison as well. It's a shame the SEC lets these scams keep trading even when they officially start a lawsuit.

Good job Sam staying up on these things.

SEC Charges Two in Penny Stock Fraud Scheme

https://www.sec.gov/litigation/litreleases/2022/lr25309.htm?utm_medium=email&utm_source=govdelivery

Litigation Release No. 25309 / January 19, 2022

Securities and Exchange Commission v. Phillip W. Offill, Jr. and Justin W. Herman, 3:22-cv-00121-N (N.D. Tex. filed Jan. 19, 2022)

The Securities and Exchange Commission today charged securities fraud recidivist Phillip W. Offill, Jr. and Justin W. Herman with misappropriating and selling millions of shares of a penny stock company using forged documents and sham transactions.

The SEC's complaint alleges that, within months of being released from federal prison on a previous penny stock fraud conviction, Offill (using the alias "Jim Jimerson") started a new penny stock scheme to misappropriate millions of shares of a publicly-traded microcap company. Over the next year, Offill and Herman allegedly fabricated a series of fraudulent documents, agreements, and transactions to cause the issuance and transfer of millions of shares of stock to Herman and an associate for the purpose of selling them to the public. According to the complaint, the stock that defendants misappropriated belonged to the former controlling shareholder of the microcap company, who never authorized any of the transactions. The complaint alleges that Offill and Herman then directed the sale of the microcap company's stock into the market, in return for approximately $1.4 million in trading proceeds, which Offill and Herman shared.

Offill was convicted of securities fraud and other crimes in 2010, for which he was sentenced to 96 months in prison. See United States v. Offill, No. 1:09-CR-00134-001 (E.D. Va.). In addition, the SEC previously charged Offill with securities registration violations for his roles in two other microcap frauds, where it obtained penny stock bars and other relief against him. See SEC v. Offill, et al., No. 3:07-CV-1643-D (N.D. Tex.) and SEC v. Fisher, et al., No. 2:07-CV-12552 (E.D. Mich.).

The SEC's complaint, filed in the United States District Court for the Northern District of Texas, charges the defendants with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5(a) and (c) thereunder and Sections 17(a)(1) and (a)(3) of the Securities Act of 1933. The SEC seeks permanent injunctive relief, disgorgement of ill-gotten gains with prejudgment interest, civil penalties, and a penny stock bar against Herman.

The SEC's investigation was conducted by Derek Kleinmann, Carol Stumbaugh, and Ty Martinez, and supervised by Barbara L. Gunn, Sarah S. Mallett, and Eric R. Werner of the SEC's Fort Worth Regional Office. The SEC's litigation is being conducted by Nikolay V. Vydashenko and supervised by B. David Fraser.

SEC Complaint

https://www.sec.gov/litigation/complaints/2022/comp25309.pdf

They don't unfortunately....now revoked and worthless....one should NEVER EVER hold a stinky pinky long IMVHO..

MCPI registration revoked:

https://www.sec.gov/litigation/admin/2019/34-87418.pdf

I had not heard of “expert market” previously but it appears that no public trading occurs but broker-dealers may trade the security between themselves. Does that sound correct? How do stockholders reconcile their positions?

MCPI Tier Change - Grey Market to Expert Market

OTCM
https://www.otcmarkets.com/stock/MCPI/disclosure

I’m a bit skeptical of this project in the Tombstone mining district that has yet to get going. I have some serious doubts about how valuable this will be to shareholders based on the information below:

Mansfield Exploration issued 285 million shares to Armada mining for a stated 3800 acres of claims that seem to have some serious questions. They also issued an announcement of an intention to produce silver for a crypto currency yet they do not have any silver production nor any ready prospects to support such an endeavor. I'm not an investor there as it seems that the announcement may be "an intention to support a silver based crypto currency without any silver". Consider the following verifiable information used in support of the above:
1a. BLM records do not appear to list any mining claims in the Tombstone District under Mansfields name. There are 53 total 20 acre claims in the records under the name "Armont". That name does not appear anywhere in MCPI reports however.
1b. Armada controls 85% of MCPI shares
2. Armada retains 55% of most of the claims other than those issued to Mr. Bauska personally for his services, leaving MCPI with only a 45% interest in the remaining.
3. MCPI owes a previous shareholder $881,000 at 10% and is currently in default with no payment terms as of the latest 10-Q which could result in conversion of 881 million shares as noted below. Stidham, the shareholder, previously announced that the conversion clause was no longer suspended, which means a likely 200 percent dilution.
From MCPI's 10-K:
"Upon completion of the Armada transaction, the principal stockholder of MMEM common stock will hold 284,580.000 shares (or approximately 84.5%) of the Company’s issued and outstanding common stock. Additionally, a former controlling shareholder holds a convertible Promissory Note with a balance due of approximately $881,000, including accrued interest, which currently has a conversion clause to common stock which has been indefinitely suspended by the Holder of the Promissory Note. The revocation of this suspension could cause the issuance of an additional 881,000,000 shares of common stock, which is far in excess of the Company’s currently authorized shares."
4. The development plans are contingent on the announced $3 million of financing. Based on that, MCPI indicated that production could start in March or April 2018 "after the thaw" (whatever that means since I'm unaware of the ground freezing in the tombstone mining district).

In summary, some quick math shows that if the conversion is exercised, MCPI only controls 1/3 of 45% of 15% of the profit on the claims and must bear all of the production costs. That assumes the project is viable based on the historical data on which the project is based. The only way to avoid 2/3 additional dilution is that that the $3 million is enough to cover production and pay back the $881,000.

I suspect the serious uncertainty this scheme is based on may be the reason to bring the crypto currency angle into the picture, to gloss over a shaky proposition with the lure of Bitcoin type rewards to shareholders that would reap very little even if it materializes. Even if the $72 million of gross mineral production is attained, MCPI would bear the expense and realize gross of $4.8 million (corresponding to the approximately 6 percent share(45% of 15%)) even if their projections are accurate. Since they have on the books a cost of $5 million for the claim so far, the project seems dubious unless they somehow get income or financing to develop deep and do well with it (assuming that the claims are indeed held as stated)

In contrast, another junior mining company, Tombstone Exploration (TMBXF) has patented mining claims of 145 acres and leased lands of 450 acres in the Tombstone mining district, some of which is located adjacent to lands of a major copper producer and has deep copper deposits per ZTEM analysis. TMBXF has revenue producing projects underway with their Bonanza project at the Harquahala mine and a limestone project in the Bahamas. Check out their website and information.
In all I recommend a look at TMBXF as an alternative in the tombstone mining district and among junior mining companies. It is an opportunity to leverage gold’s strength.
Of course that's just an opinion, but it is based on the above verifiable information and comparisons.

Those 2 prints were market maker squaring trades that are required to be posted to the tape.

They are not buyers or sellers. Nice for you to try and poison the well but this company however much delayed has legs IMO

.0001 is the news

Whats the news?

Horrible idiots !

From the Suspension Order, "On January 31, 2019, Corporation Finance sent a delinquency letter to MCPI requesting compliance with its periodic filing requirements, but MCPI did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission rules (Rule 301 of Regulation S-T, 17 C.F.R. Section 232.301 and Section 5.4 of EDGAR Filer Manual)."

Evidently the company's recently filed 10K was too late to satisfy the SEC.

Over the last 2 months the SEC has been on a tear, suspending nearly 100 delinquent SEC registered stocks. Most of them were delinquent one to two years.

SEC registered companies should never take for granted that they can get away with being delinquent even one 10Q quarterly, let alone over one 10K and 3 10Q's and more.

Filing timely Financials is an obligation, not a whimsical option.

They filed their missing 10k for 2017 just a week ago and still got suspended today. That's crazy. And some other symbols out there are delinquent for 5 years or more and are still trading. Makes no sense.

MCPI SEC Suspension for severely delinquent Financials:

https://www.sec.gov/litigation/suspensions/2019/34-86780.pdf

Order:

https://www.sec.gov/litigation/suspensions/2019/34-86780-o.pdf

Admin. Proceeding:

https://www.sec.gov/litigation/admin/2019/34-86779.pdf

MCPI has quietly doubled to a new high over the last few months. Seems like they are getting their act together.

See at least a dime in the near term. Currently .055 X .06

Waitng for breakout on news.

Stock looks like it is firming up nicely .045 X .05 on 250,000.

Now if we could just see some filings and get the damn stop sign removed we might have a game!

Hmmm might added another 200k at .032 , Not sure if im going to flip this or continue to hold . looks like want to go up . See if it can break .04 Good Luck

Sold nearly all my position here , dumped 50 k Thursday for profit . Keeping core of 150 k still has a lot of room to go ill add more when time/price is right

Once the impact of this is followed by uplisting and current financials as well as subsequent news I think we could see major movement. I like the intl diversification as well as the plans for the OTCQX.

>>> Mansfield-Martin Exploration Mining, Inc. (MCPI) Announces Property Acquisition; Plans to Update Filings; Spring Exploration Program


https://world.einnews.com/pr_news/479104391/mansfield-martin-exploration-mining-inc-announces-property-acquisition-plans-to-update-filings-spring-exploration-program


/EIN News/ -- TOMBSTONE, AZ, March 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Mansfield-Martin Exploration Mining, Inc. (OTCMKTS: MCPI) announced today it 1) has reached terms for the acquisition of an additional 200 acres of “keyhole” property that will allow it to fully access its other silver acreage in the Tombstone Mining District, 2) is completing its auditors’ “punch list” in anticipation of bringing its SEC-reporting current, and 3) is planning its Spring 2019 drill/assay program.

The Company has an agreement in principle to purchase the 200-acre tract outright and will formally announce the acquisition upon execution of a material definitive agreement. The auditors’ punch list includes a requirement for an update on financing and capital requirements to develop its TMD properties to avoid impairment; this financing information is pending. The Company’s Spring 2019 drill/assay program includes completing the grid pattern for its newly acquired properties and portions of the West Tombstone Mining District.

John T. Bauska, President, stated, “We’ve got most of our fill-in property work done now, giving us access to work pretty much all of our properties in and near the city. It took us longer than expected to get back on track after our last auditor quit the business, but our financing efforts have been promising and the economics of precious and strategic metals mining and recovery are on the upswing. It’s time to get back to work.”

About Mansfield-Martin Exploration Mining, Inc.

Mansfield-Martin Exploration Mining, Inc. is principally engaged in a variety of mining activities on owned and claimed property in Arizona’s Tombstone Mining District, a historically prolific zone of silver and gold production. Mansfield-Martin is an SEC-Reporting company, and has approximately 360 million shares issued and over 800 shareholders. Additional information can be found at www.mansfieldmartin.com or in its SEC filings at https://www.sec.gov/cgi-bin/browse-edgar?company=Mansfield-martin&owner=exclude&action=getcompany.

<<<

Someone just grabbed a 240,000 share block . Stock is trading well over a million shares and buy/sell volume continues @ at least 2:1 Technically looks great. We need news and current financials.

New 52 week high @ 4 cents still more buys then sells and promised financials will remove stop sign. Looks good.

Watching the daily buy/sell volume ratio there is definitely "quiet" accumulation going on.

So far today 5:1 buy/sell.

Would not be surprised to see this leg higher particularly when the release financials (as promised) and get the STOP sign removed.

First test of management competence: Do what you say.

MCPI looks like it's getting ready to roll with new auditors-- means filings --removes stop sign, financing disclosures, and commencement of Spring development. I'm ready for some upside!

News: $MCPI Mansfield-Martin Exploration Mining, Inc. Announces Property Acquisition; Plans to Update Filings; Spring Exploration Program

TOMBSTONE, AZ, March 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Mansfield-Martin Exploration Mining, Inc. (OTCMKTS: MCPI) announced today  it 1) has reached terms for the acquisition of an additional 200 acres of “keyhole” property that will allow it to f...

Got this from https://marketwirenews.com/news-releases/mansfield-martin-exploration-mining-inc-announces-property-acquisition-plans-to-update-filings-spring-exploration-program-7831534.html

With the pps not going up, smells like dilution. This could tank, even though weekly chart looks set up to make an upward move. Highly suspicious to me.

The volume here is picking up. Why??

Something is brewing $MCPI

This stock dead?

Nice news out today

I see this stock going higher it’s building the base around the 4s

Up 32% on announcement of funding for a project in the Tombstone mining district. I have some serious doubts about how valuable this will be to shareholders based on the information below:

Mansfield Exploration issued 285 million shares to Armada mining for a stated 3800 acres of claims that seem to have some serious questions. They also issued an announcement of an intention to produce silver for a crypto currency yet they do not have any silver production nor any ready prospects to support such an endeavor. I'm not an investor there as it seems that the announcement may be "an intention to support a silver based crypto currency without any silver". Consider the following verifiable information used in support of the above:
1a. BLM records do not appear to list any mining claims in the Tombstone District under Mansfields name. There are 53 total 20 acre claims in the records under the name "Armont". That name does not appear anywhere in MCPI reports however.
1b. Armada controls 85% of MCPI shares
2. Armada retains 55% of most of the claims other than those issued to Mr. Bauska personally for his services, leaving MCPI with only a 45% interest in the remaining.
3. MCPI owes a previous shareholder $881,000 at 10% and is currently in default with no payment terms as of the latest 10-Q which could result in conversion of 881 million shares as noted below. Stidham, the shareholder, previously announced that the conversion clause was no longer suspended, which means a likely 200 percent dilution.
From MCPI's latest 10-K:
"Upon completion of the Armada transaction, the principal stockholder of MMEM common stock will hold 284,580.000 shares (or approximately 84.5%) of the Company’s issued and outstanding common stock. Additionally, a former controlling shareholder holds a convertible Promissory Note with a balance due of approximately $881,000, including accrued interest, which currently has a conversion clause to common stock which has been indefinitely suspended by the Holder of the Promissory Note. The revocation of this suspension could cause the issuance of an additional 881,000,000 shares of common stock, which is far in excess of the Company’s currently authorized shares."
4. The development plans are contingent on the announced $3 million of financing. Based on that, MCPI indicated that production could start in March or April 2018 "after the thaw" (whatever that means since I'm unaware of the ground freezing in the tombstone mining district).

In summary, some quick math shows that if the conversion is exercised, MCPI only controls 1/3 of 45% of 15% of the profit on the claims and must bear all of the production costs. That assumes the project is viable based on the historical data on which the project is based. The only way to avoid 2/3 additional dilution is that that the $3 million is enough to cover production and pay back the $881,000.

I suspect the serious uncertainty this scheme is based on may be the reason to bring the crypto currency angle into the picture, to gloss over a shaky proposition with the lure of Bitcoin type rewards to shareholders that would reap very little even if it materializes. Even if the $72 million of gross mineral production is attained, MCPI would bear the expense and realize gross of $4.8 million (corresponding to the approximately 6 percent share(45% of 15%)) even if their projections are accurate. Since they have on the books a cost of $5 million for the claim so far, the project seems dubious unless they somehow get income or financing to develop deep and do well with it (assuming that the claims are indeed held as stated)

In contrast, another junior mining company, Tombstone Exploration (TMBXF) has patented mining claims of 145 acres and leased lands of 450 acres in the Tombstone mining district, some of which is located adjacent to lands of a major copper producer and has deep copper deposits per ZTEM analysis. Drilling results were announced along with further plans on the stardust property. In addition TMBXF holds an interest in Eurogas and in potential proceeds of Eurogas lawsuit against Slovakia.
In all I recommend a look at TMBXF as an alternative in the tombstone mining district and among junior mining companies.
Of course that's just an opinion, but it is based on the above verifiable information and comparisons.

She looks good and wants to breakout of this trading range

Lets get this puppy going!

Holy crap! Did no one see this news? Didn't anyone else notice this stocks amazing share structure ? Is this actually real? If it is and it's just taking a bit for this to get noticed I think I just found a freaking unicorn here a none pumped penny stock that's legit? Or what?

News out!!!

Nice bids

No idea why this stock is going crazy but I like it jumping in

Took some also...nice low floater with catalyst

MCPI news went under the radar.

MCPI took some

I smell blood...sharks circling

Volume surge.

Yes, MCPI stock is still valid. The company changed its business operations from cannabis to exploration mining so that should raise a huge red flag, but otherwise the stock still trades as MCPI.

Are the MCPI stock still valid

MCPI: effective March 14,2017 Med-Cannabis Pharma Inc. will change to Mansfield-Martin Exploration Mining, Inc.

http://otce.finra.org/DLSymbolNameChanges

Is this board still active?

Just means we're in before the herd. $MCPI

Quite the Motley Crew involved in this ticker.

My guess is probably 2 weeks out, but I'm awful at judging these.