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Re: Insidiou$ post# 73928

Monday, 08/31/2015 10:27:46 AM

Monday, August 31, 2015 10:27:46 AM

Post# of 76488
Just like a dog will return to it's puke, Molen is just repeating his scam pattern. Here are the steps that he followed leading up to the reverse splits of 2010 and 2011. You can check this out yourself by reading the I hub posts from both past periods.

1) After the Fake Factory is found out.
2) Expand Authorized Shares by 50% or more, without notice.
3) Dilute the new "AS" as soon as possible.
4) New step.. Have all of you rented equipment repossessed for non-payment.
5) Start filing Bogus financial reports. He did the same thing as this last report, copy and paste, for the last quarter reports before the RS's.
6) Reverse split.


It is likely that his accountant has like everyone else abandoned him. Most Accountants' will tell you, NEVER claim nothing, it is to easy to check on. Molen is charged with filing factual reports, not just going thru the steps. MAJOR, misstep. Say for sake of argument, that Molen is under investigation, Claiming no transactions at all, none , is just the easiest thing in the world to verify if you are an investigator.

I can't pretend to think like Molen, but if I was thinking in a sick, sick way, it would be better in his mind to have the SEC shut him down, then to admit that he is a total and complete financial failure in the Bio-coal field. Sort of like taking a poison pill.

My guess is, he sobers up, he will amends the quarter report, stating a clerical error