Greenfield Farms Food Inc. (fka GRAS)

[SALE911 EXPLOSION]

FONG'S SEC SUSPENSION: 2012



Here ya GO WITH Fong's name CLICK the OTCMARKET'S link.

HERE'S Fong's SEC Suspension.


FONG'S SEC SUSPENSION:

SGLN SEC Suspension:

http://www.sec.gov/litigation/suspensions/2012/34-67868.pdf

Order

http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf

Company Directors
Henry Fong
Thomas G. Toland

http://www.otcmarkets.com/stock/SGLN/company-info

----------------------------------------------------

Fong's 1990 SEC Troubles and Miami Herald Exposure:


Equitex’s chairman and chief executive, Henry Fong, was investigated by the Securities and Exchange Commission in 1990.
“Fong, a Jupiter [Florida] resident and philanthropist, knows his way around money. As people rushed in to buy Equitex shares, Fong cashed out selling more than a third of his 1.6 million shares
as the stock peaked.
Back to the philanthropist Fong – the one who sold
one-third of his stock in Equitex to investors
clamoring to get on the Internet bank band wagon.
The Miami Herald wrote, “According to a 1990
complaint filed by the SEC, Fong took part in an
$8 million stock manipulation scheme involving
newly minted shares of Star Publications. The
story made the rounds as business journals drove
home the problem of penny stock fraud. But the
SEC case against Fong went nowhere, and it was
dropped when Fong agreed to return $73,775 in
profits.

In 1999, Duffy wasn’t concerned about Fong’s
past, telling the Miami Herald, “I’m the one who
put the deal together and Henry Fong has been
true to his word. I have no problem with the guy. I
think he’s one of the most trustworthy guys in
South Florida.”
Duffy forgot all about that statement two years
later when he was fired, locked out of his offices,
and removed as chairman in November 2001.
Outraged at his treatment, Duffy sued the bank and
received a judicial order on February 8, 2002,
putting him back in charge and barring the new
board from running the bank.

FONG HAD HIS FIRST SEC SUSPENSION September 2012.

----------------------------------------------------


The Fong Dilution Method. GRAS is Next.

Lets look at the companies Henry Fong has run and you will see a pattern. A pattern that SNVP will be repeating.!
China Nuvo Solar Energy, the predecessor to Surgline: Had no sales for years, only expenses. Raised almost $2 million. But China Nuvo bought technology, none of which it ever was able to exploit. Acquiring technology makes for great press releases, which China Nuvo was able to exploit, trading as high as $.16 a share—100 times the current price. And back then, 2006 to 2011, solar energy was “hot.” Now there has been a shakeout in the industry, profits are falling, it was time to exit the solar energy field and enter what Fong thought was the new “hot” field. To whom did China Nuvo sell its securities? From the July 2010 10k: On September 24, 2009, the Company issued 16,666,667 shares of its common stock upon the conversion of $65,000 of convertible debentures to non affiliated third parties. The shares were converted at $.0039 per share. On February 9, 2010, the Company issued 18,000,000 shares of its common stock upon the conversion of $54,000 of convertible debentures to non affiliated third parties. The shares were converted at $.003 per share. On April 1, 2010 the Company issued 55,940,455 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $123,069 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2010 is $314,172 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2011.



In the 2009 10-K:
On May 4, 2009, the Company issued 6,357,666 shares of its common stock upon the conversion of $17,500 of convertible debentures and $1,573 of accrued interest to non-affiliated third parties. The shares were converted at $0.003 per share. On June 5, 2009 the Company issued 7,092,195 shares of its common stock upon the conversion of $25,000 of convertible debentures to non-affiliated third parties. The shares were converted at $0.003525 per share. On July 27, 2009 the Company issued 21,697,324 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $98,650 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2009 is $437,241 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2010. On July 30 and 31, 2009, the Company issued in the aggregate 10,424,089 shares of its common stock upon the conversion of $42,500 of convertible debentures and $2,063 of accrued interest to non-affiliated third parties. The shares were converted at $0.004275 per share.