Premier Investment Properties, Inc (PIPI)

[Cassandra]

Because PIPI is a shell with no assets, the filing of a Form 211 by a B/D (MM) would never happen. Ken Ash or one of his surrogates could try to do a reverse merger with a private corporation and try to convince a MM to sponsor the new company, but unless the new company had an operating history and audited financial statements, even that would be extremely unlikely to happen. A RM also typically involves substantial dilution and often a R/S.

Even though PIPI will likely remain a grey market stock in perpetuity, Ken Ash may believe he can stimulate trading of the stock in volumes sufficient to provide some liquidity (for himself?). Ash was trying to do that same thing with IDCN when it was suspended by the SEC.

Ken Ash was made the court-appointed Custodian of IDCN on 3/5/12. Although this was certainly "material" information, Ash made no public announcement until he issue a PR on 3/23/12.

Prior to the public announcement on 3/23/12, the trading volume of IDCN dramatically increased starting in the time leading up to and especially following the 3/5/12 default judgment in WY. It is my belief that Ken Ash, his SCG followers and other shareholders involved in or selectively informed of the WY action were trading on what they assumed would be received as very good news when finally made public three weeks after the fact.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73629528

Ken Ash was very irresponsible as the Custodian of Indocan Resources and seems to have acted primarily in his own self interest as well as that of his followers.

Ash did not timely announce the action, even when a company named Oxygen Orchard thought it had acquired the IDCN shell. He also failed to do the only thing the court tasked, to hold a shareholder's meeting to elect a new BOD.

If Ash is behind the recent PIPI trading activity, which appears to be blatant manipulation, nothing good will come of it IMO.