Friday, September 30, 2011 2:25:05 PM
So this is David Chalela, the new CEO of SATM
http://www.tampalawyerteam.com/
It may not be a coincidence that the legal counsel for SATM starting after April 1, 2011 is also from Tampa, Alex R Stavrou. Before that SATM used an attorney from the Texas area - Kenneth David Cager Sr.
The 990,000,000 A/S and the much higher conversion ratio on the preferred shares (which have no filings done with the NV SOS to support them) didn't show up until the filings turned in after April 1, 2011 (the date that David Chalera and his group allegedly took over control of the SATM shell)
One thing did stay consistent since the change in control (besides the company address) - The CPA remained Bert Matthews.
What would lead to Bert Matthews staying on board as the CPA?
Could it be his connection to other company that is strongly tied to both Stock Logic IQ (Robert Adams) and Investor Development Group (Ian Reed aka Nikko Reed) - Global Holdings, Inc (GOHG)
http://www.otcmarkets.com/service-provider/Bert-Matthews-CPA?id=956&b=n&filterOn=5
http://www.otcmarkets.com/stock/GOHG/company-info
IR for GOHG is Stock Logic IQ (Robert Adams)
Robert Adams signed off on the first post-Form 15 press release done by GOGH in April of 2011:
http://ih.advfn.com/p.php?pid=nmona&article=47390258
Legal Counsel for GOHG starting in April of 2011 is David Chalela Esq
Accountant for GOHG starting in April of 2011 is Bert Matthews, CPA
TA for GOHG is Cleartrust, LLC (recent change)
Investor Development Group (Ian Reed aka Nikko Reed) was even involved with GOHG:
http://investordevelopmentgroup.blog.com/tag/cpa/
Ian Reed took over for Robert Adams signing off on the GOGH press releases in July:
http://ih.advfn.com/p.php?pid=nmona&article=48491284
And is still signing off on the press release as recently as yesterday
http://ih.advfn.com/p.php?pid=nmona&article=49304395
Probably no coincidence that GOGH recently had a change in management and is involved in a "merger/change of control/change of business operations" of its own.
The GOHG intitial company disclosure form filed on April 19, 2011 also show many other similarities between GOGH and SATM:
http://www.otcmarkets.com/financialReportViewer?symbol=GOHG&id=48097
1,000,000 GOGH preferred shares were also converted into common shares in January of 2010
This conversion was never listed in any of the SEC filings for GOHG before the stock was deregistered. In fact the annual report for the period ending December 31, 2009 showed 0 preferred shares issued and outstanding for GOHG. The conversion apparently did not lead to any changes in the number of outstanding common shares.
Perhaps this is a copy and paste error from the SATM filings?
GOHG preferred shares also have the same conversion rights as listed in the last SATM filing - 471.028 common shares for each preferred share
Again perhaps a copy and paste error between the GOGH and SATM filings?
GOHG also has past debts that convert at into common shares at $.0001/share (exactly like SATM's debt Notes).
During the first quarter of 2011 GOHG converted $27,500 in debt owed to its "major shareholder" into 275,000,000 free trading shares. When the conversion was done GOGH stock was trading close to $.01/share. It is no wonder that the GOHG stock price has plummeted down to $.0002/share since then.
It is starting to become much more clear now what may be going on with SATM
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