Biocentric Energy Holdings, Inc. (BEHL)

[BigBake1]

The Big Picture

Although most would like to look at the current picture of BEHL, you have to look at the overall picture to see what the intent is. To start from the beginning when this was sold and became BEHL from Automax. It is important to know these players here who are also in court in multiple SEC cases for promotional pump and dump schemes:

http://www.sec.gov/litigation/complaints/2010/comp21416.pdf

http://www.sec.gov/litigation/complaints/2011/comp21863.pdf

From the Nov 6, 2008 OTC filing we get that the beneficial owners of BEHL are:

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=18101

BENEFICIAL OWNERS (5% or more):
DANIEL MOTSINGER 83,573,295
BAF CONSULTING 11,250,000
POWER NETWORK, INC. 10,291,005
STARR CONSULTING INC. 8,750,000

POWER NETWORK, INC.
By: /s/ Joe V. Overcash
Name: Joe V. Overcash
Title: President
Address: 1020 Brookstown Ave., Ste. 30
Winston Salem, NC 27101
Date: June 5, 2008

STARR CONSULTING, INC.
By: /s/ Daniel Starczewski
Name: Daniel Starczewski
Title: President
Address: 932 Burke St.
Winston Salem, NC 27101
Date: June 2, 2008

BAF CONSULTING, INC.
By: /s/ Barbara Morelli
Name: Barbara Morelli
Title: President
Address: 932 Burke St.
Winston Salem, NC 27101

PROJECT DEVELOPMENT, INC.
By: /s/ Daniel Motsinger
Name: Daniel Motsinger
Title: President
Address: 932 Burke St.
Winston Salem, NC 27101
Date: June 5, 2008


Take note of these people and specifically notice where they are all from. From researching these people all know each other, they bought up a bunch of shells and then sold them for Beneficial Shares in each company a year before each one was heavily promoted. They worked out deals with those who bought the shells, in BEHLs case we have a wonderful list of those who were conveniently issued Restricted shares also a year before the huge promotional campaign. The largest volume day is also the highest PPS recorded day which happens to be August 2009, all Restricted shares happened to be issued in August 2008 complying with Rule 144 of non reporting companies.

The Restricted shareholders were the following:

Restricted
Natalee Tortorice 2,000,000
Nicolette Tortorice 2,000,000
Nector Maris 7,548
Nancy Lane-Fisher 3,000,000
Dennis Fisher 2,000,000
Jack Fisher 2,250,000
Michael Fisher 2,250,000
Benjamin Fisher 2,250,000
Bernice Roth 2,250,000
Nector Maris 67,548
Tony Pintozzi 2,196,563
Terry Adams 7,126,900
Dennis Shen 2,000,000
Kurt Peet 3,741,623
Mike Bacon 300,000
Paul McGuire 230,000
Russell Noel 200,000
Bob Nagy 178,173

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=18101

How strange is it that they filed a filing in November backdated to a third quarter report with an end date of August 31st 2008, before the shell actually was legally Biocentric Energy Holdings?

http://www.sunbiz.org/pdf/00212041.pdf

This document was dated September 9th of 2008 for the name change, nothing illegal about issuing shares, just a matter of timing for everyone involved. But of real interest is the preferred issued at that date:

Natalee Tortorice 554,000
Nicolette Tortorice 554,000
Nector Maris 74,246
Dennis Fisher 250,000
Nancy Lane-Fisher 250,000
Jack Fisher 100,000
Michael Fisher 100,000
Benjamin Fisher 100,000
Bernice Roth 100,000
Nector Maris 100,000
Tony Pintozzi 82,606
Terry Adams 300,000
Kurt Peet 157,500
Bob Nagy 7,500
Brett Wooller 7,500
Dennis Shen 115,000
Paul McGuire 30,000
Mike Bacon 117,648
Total 3,000,000


Rule 144 applies to all stocks a company owns, so a non reporting company as BEHL was and is, has 1 year holding period. At the time these preferred share were issued they had a 20-1 conversion rate so 3,000,000 becomes 60 million shares in August 2009. Well with the previous 200,000,000 AS there was no way they could convert all of these shares so what did they do in February of 2009? They raised the AS to 750 million shares and reduced the conversion rate of preferred to 2-1, so instead of 60 million it was only 6 million shares being converted which meets the Rule 144 limitation and allows the conversion to take place.

http://www.sunbiz.org/pdf/43761294.pdf

Also not talked about is the difference between affiliate and non affiliates, the rules are different between the two as one has a restriction up to how much they can sell while the other group has no restrictions on the amount of shares they sell. Often quoted is the affiliate restrictions but when someone is a non affiliate they have no restrictions as to how many shares they may sell, in this list above is a whole lot of non affiliates that did not have restrictions, while the affiliated could liquidate due to enough Outstanding shares.

Why is this all important to know? Here you have several cases of the beneficial owners being charged by the SEC for running promotional schemes on several stocks. The PSC pump and dump was all set up for exactly one year after all these people were issued stock. There were several entities paid to promote this stock from various sources. What has been documented was the continual third party compensations for more promotions that continued.

How can a business fail when they were raising millions of dollars through shares sales and yet somehow the debt written up in the filings is not even a 1/3 to ¼ of what was raised? Simple, they were busy issuing shares to compensate themselves.