PMXO consultant, Wiliam David Jones owes restitution to past victims which he hasn't paid. It doesn't take much research to figure out that he has easily made hundreds of thousands of dollars from PMXO and KAYS.
With both tickers he was paid in shares for consulting services which he then sold during paid promotions that he was paid in cash to run through his paid promotion websites.
From the PMXO disclaimer:
Specific Compensation Disclosure. The first issue of Wall Street Profit Search (“WSPS”) featuring PMX Communities, Inc. (“PMX” and/or “THE PROFILED COMPANY” as discussed above), as well as any other communications including our website and follow¬up contact from us via phone, email or other medium is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. PMX has not compensated Wall Street Profit Search (WSPS) or any other individual or entity for the production of the newsletter or other communications as detailed above, and has neither endorsed nor been involved in its production. Wall Street Profit Search is scheduled to be compensated up to $50,000.00 and reimbursed for all expenses associated with publishing and disseminating of the November newsletter by a third party, non¬affiliated shareholder of PMX during the 3 month term that this newsletter may be in circulation. The owner of WSPS advises that it has previously performed consulting services unrelated to Wall Street Profit Search for and on behalf of PMX and was compensated for those services, but is not now currently employed by or under any contract to perform consulting services for PMX either now or in the future, and is not receiving any further compensation from PMX for any other services. The owner of WSPS claims beneficial ownership of approximately 2.5 million shares of PMX stock previously acquired unrelated to the production of this newsletter. Some or all of these shares, shares owned by the third party non¬affiliate shareholder contracted to pay WSPS and/or shares owned by other present shareholders of PMX may be sold at any time without notice (including during the term that this newsletter may be circulated or any period thereafter). This compensation and share ownership constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision. Further information can be obtained by accessing our website at w allstreetprofitsearch.com or by contacting WSPS at 561¬210¬5784
From the first AFAI promo:
The upcoming issue of Wall Street Profit Search (“WSPS”) featuring Alternative Fuels Americas, Inc. (“AFAI” and/or “THE PROFILED COMPANY” as discussed above), as well as any other communications including our website and follow¬up contact from us via phone, emails sent to our opt¬in subscriber database or other medium are paid advertisements and are neither an offer nor recommendation to buy or sell any security. AFAI has not compensated Wall Street Profit Search (WSPS) or any other individual or entity for the production of the newsletter or other communications as detailed above, and has neither endorsed nor been involved in its production. WSPS is scheduled to be compensated up to $150,000.00 and be reimbursed for all expenses associated with the publication and dissemination of the AFAI featured newsletter by a third party, non¬affiliated shareholder of AFAI during the term that this newsletter and subsequent updates/publications/emails/advertisements may be in circulation. Additionally, the owner of WSPS advises that he is a under contract to perform consulting services (unrelated to the production of Wall Street Profit Search) though another entity for and on behalf of AFAI and is scheduled to be compensated by AFAI $5K per month for those services. Additionally, the owner of WSPS may acquire future ownership of AFAI restricted stock unrelated to the production of this newsletter. Some or all of these shares, shares owned by the third party non¬affiliate shareholder contracted to pay WSPS and/or shares owned by other present shareholders of WSPS may be sold at any time without notice (including during the term that this newsletter may be circulated or any period thereafter). This compensation and share ownership constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision.
Further information can be obtained by accessing our website at w allstreetprofitsearch.com or by contacting WSPS at 5 61¬210¬5784.
From later AFAI promos:
Specific Compensation Disclosure, AFAI. As of January 31, 2014 WSPS has received approximately $150,000.00 in fees and approximately $100,000.00 in reimbursement of expenses associated with market awareness provided on behalf of AFAI from a third party, non¬affiliated shareholder(s) of AFAI under common control and ownership by the owner of WSPS. This third¬party, non¬affiliate entity acquired 3 million shares of free¬trading shares of AFAI from two other third¬party, non¬affiliated shareholders of AFAI in exchange for an agreement to pay the shareholders a total of $60,000.00. As of January 31, 2014, 2,200,000 shares of AFAI have been sold and WSPS (through its ownership and control of the entity that owns the shares) intends to sell the remaining 800,000 shares during the first quarter of 2014 without any further notice by WSPS, subject to market conditions. Additionally, shares owned by other present shareholders of AFAI may be sold at any time without notice (including during the term that the AFAI market awareness campaign may be in effect or any period thereafter). Additionally, the owner of WSPS advises that he has been under contract with AFAI to perform consulting services (unrelated to the production of Wall Street Profit Search) though 495 Oxford Consulting, LLC (495) on behalf of AFAI since January 2013. Services include the rendering by 495 of financial, operational and corporate consulting as and when requested by the Company, as well as providing services, advice and consultation as reasonable requested by AFAI in furtherance to the development and implementation of its business plan. To date no fees have been paid but an accrual of fees owed of approximately $50,000.00 is owed 495 through December 31, 2013.
The owner of WSPS advises that in January 2014 he received an option to acquire 1,000,000 shares of AFAI stock for $.05 per share from AFAI through an employee stock benefits plan for consulting services rendered to AFAI (the services were unrelated to the production of Wall Street Profit Search and were in connection with services related to implementation of the Marijuana Holdings Americas, Inc. business plan). The owner of WSPS advises that the option may be exercised and that the underlying shares (which have been registered pursuant to an S¬8 Registration Statement) may be sold at any time without notice (including during the term that the AFAI market awareness campaign may be in effect or any period thereafter). The owner of WSPS advises that he also provides consulting services to public and non¬public corporate clients, and international individual and institutional accredited investors (“Investors”) through BMN Consultants, Inc. (BMN). BMN is owned by the owner of WSPS and provides investment banking consulting services including business plan development, corporate financial planning, marketing plan development and introduction to SEC attorneys and accountants, transfer agents, market makers, accredited and institutional investors and registered securities professionals. BMN also provides market research, introductions and other consulting services to institutional investors. Some of these Investors have acquired/may acquire stock in AFAI (whether from current shareholders or from the issuer in private transactions), and these Investors may sell their shares at any time without notice through Rule 144 (including during the term that the AFAI market awareness campaign may be in effect or any period thereafter). In December of 2013, WSPS received a loan of $50,000.00 from an individual that is associated with an international institutional investing client of BMN (“BMN Client”) that is a shareholder of AFAI. The loan is for a duration of six months and there is interest and fees due of $15,000.00; the purpose of the loan was to finance general business operations of WSPS including the market awareness campaign for AFAI. In January of 2014, BMN Consultants, Inc. received a consulting fee of $50,000.00 from the BMN Client. BMN advises that it may receive additional consulting fees in the future from the BMN Client or other Investors for consulting services which may or may not be directly or indirectly related to their investment in AFAI or other Profiled Companies. The owner of WSPS advises that he has an option to acquire 25,000 Series C Preferred Shares of AFAI for long term investment purposes from an insider of AFAI in exchange for providing business advisory services, advice and consultation as reasonable requested by AFAI in furtherance to the development and implementation of its business plan. The option is exercisable on ninety (90) days notice upon delivery of a written notice of exercise and payment of an amount equal to $.10 per Series C Preferred Share. If notice was given and the 25,000 Series C preferred Shares were acquired they could be converted into approximately 10,550,000 restricted common shares of AFAI stock. Additionally, the owner of WSPS advises that he may acquire other restricted shares of AFAI from either the issuer, insiders or other shareholders of AFAI (subject to terms to be negotiated) for long term investment purposes and has an oral agreement to receive shares of Marijuana Holdings Americas, Inc. (subject to terms to be negotiated) for assistance provided with business plan development.
So right there Jones admits that he was paid $300,000 plus $100,000 for expenses ($400,000 total for the two promos). He also admits that he sold 2,500,000 shares of PMXO stock during the PMXO promo and 3,000,000 shares of AFAI during the AFAI promo. I'd have to check the price charts but i'm pretty sure that made him a nice chunk of money.
Then to top that off he says that he received a $50,000 loan from some off shore client of BMN which was later written off as compensation for consulting services to the client and that he has options to buy common shares of KAYS at $.05/share and preferred shares that could convert into 10,550,000 common shares.
So besides the shares and money he admitted to getting in his paid promo disclaimer I agree there is a good chance he controlled shares in foreign entities or may have been a part of that suspicious $650,000 debt Note they claimed was money owed to an old officer that got transferred into the name of some employee of Franks at Tudog in Canada that Jones might be getting a piece of.
