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When asked for comment, Outfront Companies CEO Kevin Todd said he was trying to reach the SEC "to find out what's going on. That's all I can tell you." Officials with the other companies did not immediately respond to messages seeking comment. Rrrrrrrrright they have "no idea whats going on" ? the SEC knows exactly whats going on and so does OTFT
Feds filed charges in Mass. in penny stock probe
Federal fraud charges filed in Boston in penny stock probe; SEC suspends 7 firms
BOSTON (AP) -- Federal authorities suspended trading by seven firms and filed criminal charges Thursday against corporate executives, lawyers and stock promoters who allegedly used fraud to spur investments in small companies known as penny stocks.
The federal action was the latest is a yearlong investigation by the U.S. Attorney's Office in Boston to prevent fraud in stock markets for small publicly traded companies. Penny stocks are traded over the counter rather than on a major exchange.
The criminal case filed in U.S. District Court named 13 defendants from 10 states, accused of agreeing to pay kickbacks to an undercover FBI agent they believed was an investment fund representative in exchange for having his purported firm buy stock in certain companies. Most of those named face charges of mail fraud, wire fraud, and conspiracy to commit securities fraud.
In conjunction with the criminal case, the Securities and Exchange Commission suspended seven firms that allegedly participated in the kickback-for-investment scheme. Also, the SEC filed a lawsuit against four people the commission says engaged in securities fraud by using kickbacks to manipulate trading in "microcap," or penny stocks.
The seven firms suspended were: 1st Global Financial Inc. of Las Vegas, Augrid Global Holdings Corp. of Houston, ComCam International Inc. of West Chester, Pa., MicroHoldings US Inc. of Vancouver, Wash., Outfront Companies based in Florida, Symbollon Corp./Symbollon Pharmaceuticals Inc. of Medfield, Mass., and ZipGlobal Holdings Inc. of Hingham, Mass.
When asked for comment, Outfront Companies CEO Kevin Todd said he was trying to reach the SEC "to find out what's going on. That's all I can tell you." Officials with the other companies did not immediately respond to messages seeking comment.
In a joint statement, U.S. District Attorney Carmen Ortiz and FBI special agent Richard DesLauriers in Boston said fraud in the microcap stock markets have proven to be "fertile grounds for fraud and abuse."
"This is, in part, because accurate information about microcap stocks may be difficult for the average investor to find, since many microcap companies do not file financial reports with the SEC," they said.
The SEC filed a series of similar cases in October 2010 and June 2011 in which more than a dozen companies and penny stock promoters were charged for their roles in kickback-for-investment schemes.
The 13 defendants come from across the country. The resident states named were Arizona, California, Illinois, Maryland, Massachusetts, Ohio, Texas, Rhode Island, Washington and Wisconsin.
A conviction on mail or wire fraud carries a maximum penalty of 20 years in prison and a $250,000 fine. Conspiracy to commit securities fraud is punishable by a maximum five years in prison and a $250,000 fine.
___
Rodrique Ngowi can be reached at www.twitter.com/ngowi
http://finance.yahoo.com/news/Feds-filed-charges-Mass-penny-apf-2757664163.html?x=0
OTFT SEC Suspension:
http://www.sec.gov/litigation/suspensions/2011/34-65857.pdf
I would say no, it would be pretty difficult for him to operate his scam from the
Federal Prison Camp in Montgomery Alabama Maxwell Air Force Base so maybe someone is working in concert with him, he has a penny bar but of course he will just circumvent that by registering companies in his wifes name or familys name or close friends name, right now he has alot of time on his hands 1 year, hope he put some money away, his house is still in foreclosure, i cant figure how after all the money hes stolen, Justice has prevailed slightly over this creighton, now the only question that stands is how will this penny bar be enforced once he gets out again cause im sure he will grab the first phone to try and find someone to rip off
Hey Thomasmayberry60 is this the same guy that is at savw?
cheapies are very valuable (.002-.0065) since float is only 10 million
looks interesting....did we miss the boat?
w/ News hopefully coming soon...Takeoff!!! ;)
10Q August 18, 2011
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=58422
As of Fri, Aug 19, 2011, OTFT resides in the OTC Pink Limited tier.
http://www.otcmarkets.com
Outfront Companies (OTFT: OTC Link) | Tier Change
Fri, Aug 19, 2011 12:00 – Outfront Companies (OTFT: OTC Link) – Tier Change – The symbol, OTFT, no longer is classified as OTC Pink No Information. As of Fri, Aug 19, 2011, OTFT resides in the OTC Pink Limited tier. You may find a complete list of tier changes at otcmarkets.com.
OTFT Website: http://outfrontcompanies.com/
excellent potential here...needs volume
ill be adding any subs if available :D
yah trading super thin
subs will be gone by this afternoon buddy! :) Float is tiny only 10 million shares!!! imagine if volume was above 10 million $$$$$
$1
needs to break .01, leave the subs behind
OTFT could see .02 @ close
super low float...10 mil shares
OTFT Float 10,454,695 a/o Aug 15, 2011
after .01 this could go nuts IMO
do ur own dd
bid spread large...
OTFT @ .009
Jeff Galpern Federal Prison Camp Montgomery Alabama Maxwell Air Force Base
Name Register # Age-Race-Sex Release Date
Location
1. JEFFREY GALPERN 95651-004 41-White-M
Release date 06-11-2012 MONTGOMERY FPC
Of course its a scam? he has a penny bar? his wife can run it in her name until the DOJ or THe SEC figure it out
Jeff Galpern / Lance Landis / L&D Marketwatch LLC
What is the connection between Jeff Galpern and Lance Landis
L&D Marketwatch LLC Dymphna Galpern Dymphna Cherry Gonzales the wife of Jeff Galpern has opened an LLC in the name of
L&D Marketwatch LLC on Champion Blvd in Boca Raton , which is a PO Box in front of the Polo Club...
Another SCAM ?
good place for or to start some more dd right there imho
New pump should be showing itself soon according to this info.
Virmmac, LLC had been contracted and expects to be paid 2,500,000 Free Trading shares and $60,000.00 Cash for Market Awareness on OTFT (6 Weeks) PLACE ON HOLD TIL MARCH 2011
I mean is this for real? do you think hes really going to finally get payback for all the money he has stolen from all the people that trusted him implicitly? Why is it for some reason I think hes going to get house arrest and probation for this and no real jail time like he deserves
Maybe new management will turn this company around. Time will tell.
CouponFlasher.com is Seeing Rapid Growth in Palm Beach County
Press Release Source: OutFront Companies On Tuesday February 8, 2011, 8:02 am EST
http://finance.yahoo.com/news/CouponFlashercom-is-Seeing-pz-1588361641.html?x=0&.v=1
Galpern Sentencing rescheduled for 4/28/11
Hey Jeff , This will give you time to move your family to an apartment somewhere...
Jeff Galpern sentenced today 2/22/11 in Fort Lauderdale
Can someone find out what the sentence was ?
Thank You.
OutFront Companies Appoints Premier Media Services for Investor Relations
WEST PALM BEACH, Fla., Jan 10, 2011 (BUSINESS WIRE) -- OutFront Companies (Pink Sheets:MIRA) a specialty software application company announced today that it has retained Arizona-based Premier Media Services Inc. as its investor relations firm.
http://www.otcmarkets.com/stock/MIRA/news
Miracle Applications Corp. Announces Name Change and Acquisition, Miracle Applications Corp. (Pink Sheets: MIRA) board of directors announce Miracle Applications Corp. has changed its name to OUTFRONT COMPANIES with the State of Nevada. The Outfront Companies name fits the vision of the New Management, Board and Major Shareholders. (www.outfrontcompanies.com). OUTFRONT COMPANIES has also acquired three companies as subsidiaries, SOAMAC -- Online Asset Management for Small Business (www.soamac.com), VOACAM -- Online Vidio Production (www.voacam.com), and COUPON FLASHER -- Online E Coupons also incorporating Direct Mail for Small Business (www.couponflasher.com). http://www.otcmarkets.com/stock/MIRA/news
Share Structure
Market Value1 $1,903,467 a/o Jan 21, 2011
Shares Outstanding 158,622,255 a/o Jan 19, 2011
Float 10,454,695 a/o Jan 19, 2011
Authorized Shares 1,000,000,000 a/o Jan 19, 2011
The symbol, MIRA, no longer is classified as OTC Pink No Information. As of Fri, Jan 21, 2011, MIRA resides in the OTC Pink Limited tier
Updated OS
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=42520
I finally found out who "HOPE" is its Galperns mother IN LAW
Galpern is still involved in the background, he is holding millions of shares in multiple names, the only way to really get him out is to reverse him out end of story.
I've noticed MIRA is no longer listed on OFC's Disclaimer (as per compensated "any longer @ least"). That may be the best thing to happen to this stock since it's inception. Seems to have been down since OFC was paid $10K cash to promote awareness. Selling awareness imho
Should OFC's Disclaimer not be true since it is a SEC Regulation/Law have the CEO take action. Until then I will put my faith behind SEC Regulations. OFC's Disclaimer & not a message board poster speaking on behalf of a supposed CEO. I would suggest you tell your friend (as you yourself have stated) to deal with it as imho he has plenty of time as he does not appear to be doing much with this stock.
Have them produce the form of Payment. They will not be able to.
Doesn't take even take one miracle to know Mr. Todd imho is a FOS CEO just by reading the below disclaimer, required by the SEC. When hired by a 3rd party they are required to say such.
Mr. Todd said he never hired Obsidian Financial Consultants Inc. They have no affiliation with the company in anyway. Also I have noticed the company update information on PinkSheets.com.
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Our Mission at OutFront Companies is to lead the way in innovation. We are a consortium of companies that focus on the newest technology in the market place. Our present focus is our small business advertising product, Coupon Flasher.com. Coupon Flasher is very unique; providing the small business the ability to have their coupons and special offers found on the 1st page of Google. The key to our success is our ability to dominate any industry for first page online rankings. Utilizing our proprietary traffic system, we achieve organic placements for the business without using the high cost of pay per click advertising. Coupon Flasher.com provides the small business a web page on our site that comes with their coupon or offer, a business video, a business bio, and a link to their web site if they have one, also they get a Google map to their business, and integrated social media strategies. The consumer can easily share the coupon or offer by emailing it to a friend. Also, we offer a mobile application so coupons can be pulled up on any smart phone. Please be our guest and look at all the exciting possibilities
Shares Outstanding | 173,672,255 | a/o Aug 15, 2011 |
Float | 10,454,695 | a/o Aug 15, 2011 |
Authorized Shares | 1,000,000,000 | a/o Aug 15, 2011 |
Par Value | 0.001 |
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