InvestorsHub Logo
Followers 278
Posts 12043
Boards Moderated 10
Alias Born 02/09/2003

Re: Huggy Bear post# 26051

Wednesday, 01/28/2015 9:07:41 PM

Wednesday, January 28, 2015 9:07:41 PM

Post# of 88547
This "consortium" was put together by attorney convicted felon Randall S. Goulding who represents all 6 of the public companies involved despite existing charges by the SEC of fraud and custodial violations through The Nutmeg Group, LLC. an investment advisory firm he owns with his brother David Goulding.

http://www.sec.gov/litigation/litreleases/2009/lr20972.htm

https://www.sec.gov/litigation/complaints/2009/comp20972.pdf

A fairness hearing regarding a stipulated debt settlement by share issuance was held on 11/27/3014 in the matter of a lawsuit Goulding's law firm, Securities Counselors, Inc., filed against TWDL for unpaid legal fees. Goulding used to occasion to tack on share issuances by the 6 public companies in exchange for property interests owned by several parties who are supposedly going to build medical marijuana farms through World of Marihuana (WOM) and Michigan Plant Technologies (MPT) neither of whom currently are currently licensed or sell any product.

The massively misleading WOM website falsely tries to make it look like it currently sells medical marijuana, vaporizers, storage containers, etc., but it doesn't. The website exists to sell free-trading stock issued in the 6 companies: IJJP, TWDL, ENTI, CWIR, GEAR and HALB.

The whole venture is an abuse of the Section 3(a)(10) exemption from registration and likely massive fraud with false and misleading press releases to pump the stock so that the newly-issued free-trading shares can be dumped.

I would not be surprised to see SEC action against multiple parties and companies in this matter. It is not unlike a previous abuse of the same exemption in which the SEC filed injunctive action:

http://www.lawupdates.com/summary/civil_injunctive_action_filed_against_penny_stock_financiers_and_two_public/

From the SCV audio interview with Cliff Pope released this evening, it's clear that using Section 3(a)(10) is the business plan for IJJP, which is extremely risky and foolish.