AI
Sunday, September 28, 2014 7:49:55 PM
CBIS is not into any verifiable mj imo. Did you know they are wholly controlled by a convicted stock scammer? Raymond Dabney, who apparently has a brother.
February 16, 2010
The Securities and Exchange Commission announced today that the United States District Court for the District of Arizona granted the Commission's motion for summary judgment and entered final judgments...The final judgments permanently enjoin Raymond C. Dabney...Richard A. Dabney...from violations of the securities registration provisions of the federal securities laws, and also enjoin Richard Dabney from violations of the antifraud provisions. The four defendants were ordered to pay more than $1.4 million in disgorgement, interest, and civil penalties. The Commission's complaint alleged that the defendants engaged in an unregistered distribution of the securities of Alliance Transcription Services, Inc. (formerly Strategy X, Inc.) from April 2005 through September 2006 and that Alliance and its officers participated in a scheme to manipulate the price and trading volume of its stock.
The court found that the defendants violated Section 5 of the Securities Act of 1933 (Securities Act) by their direct involvement in the sale of unregistered shares of Alliance stock on at least 15 occasions....
The final judgment against Raymond Dabney permanently enjoins him from violating Section 5 of the Securities Act and orders him to pay disgorgement of $109,520.00 plus prejudgment interest of $33,817.10 and a civil penalty of $50,000..."
HALB looks pretty bad as well imo......You do realize every major scam in OTC fraud land has been jumping on the "marijuana" bandwagon, right?
Which is why both FINRA AND the SEC have taken the unprecedented steps of specifically warning investors about the sector as a whole.
February 16, 2010
The Securities and Exchange Commission announced today that the United States District Court for the District of Arizona granted the Commission's motion for summary judgment and entered final judgments...The final judgments permanently enjoin Raymond C. Dabney...Richard A. Dabney...from violations of the securities registration provisions of the federal securities laws, and also enjoin Richard Dabney from violations of the antifraud provisions. The four defendants were ordered to pay more than $1.4 million in disgorgement, interest, and civil penalties. The Commission's complaint alleged that the defendants engaged in an unregistered distribution of the securities of Alliance Transcription Services, Inc. (formerly Strategy X, Inc.) from April 2005 through September 2006 and that Alliance and its officers participated in a scheme to manipulate the price and trading volume of its stock.
The court found that the defendants violated Section 5 of the Securities Act of 1933 (Securities Act) by their direct involvement in the sale of unregistered shares of Alliance stock on at least 15 occasions....
The final judgment against Raymond Dabney permanently enjoins him from violating Section 5 of the Securities Act and orders him to pay disgorgement of $109,520.00 plus prejudgment interest of $33,817.10 and a civil penalty of $50,000..."
HALB looks pretty bad as well imo......You do realize every major scam in OTC fraud land has been jumping on the "marijuana" bandwagon, right?
Which is why both FINRA AND the SEC have taken the unprecedented steps of specifically warning investors about the sector as a whole.
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