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PELE and SMDI Don't know

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BBseller Member Profile BBseller  
Wednesday, August 29, 2012 5:57:21 PM
Re: None Post # of 45500 
PELE and SMDI Don't know if anyone remembers but I brought PELE here a few months back and since then it's been revoked

http://www.sec.gov/Archives/edgar/data/1015789/999999999712012979/filename1.pdf

Surviving however is SMDI which owned 95% of PELE. SMDI burned through 14m in funding in the last year and got kicked out of all of their offices (they might still have one left). However, due to manipulation of the stock it has held up. The X CEO Paul Feller is getting sued left and right as is SMDI for anything from stock fraud to sexual harrassment to alimony and child support and of course , not paying vendors and even attorneys. The guy needs to be stopped.

If you watch the stock trade after every sell there is a small buy and there is always a small buy at the close and at the open. I believe the new CEO Jerold Rubenstein is simply a straw man for Feller. The guy is over 70 and apparently prepared to ruin his reputation

Feller is still involved as a majority shareholder and a "consultant"

And as a side note: 5 classes of preferred stock, hilarious

Two of the promotion group were still pushing PELE even after the halt, disgusting


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