The Small Business Company (fka SBCO)

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dmbao

01/22/14 3:44 PM

Post #2,932

Re: #2,929: @logytwo - I don't think its over here, and whatever

It is over now.

http://www.sec.gov/litigation/admin/2014/34-71357.pdf

Renee

01/21/14 10:00 AM

Post #2,931

Re: #2,917: @Renee - SBCO SEC Suspension:

SBCO revoked:

http://www.sec.gov/litigation/admin/2014/34-71357.pdf

dmbao

01/17/14 8:29 PM

Post #2,930

Re: #2,929: @logytwo - I don't think its over here, and whatever

Well. First off best I can tell the airline cert was canceled by the transportation department because it wasn't active.

Secondly their were big liens against it anyways and the AJet holdings was being forced in to bankruptcy last I heard. Don't know where that stands presently

There is nobody available to take control of the shell as nobody knows who the majority shareholders are?

There are no directors nor officers. The supposed directors Farendel and Edwards did every thing the could to make sure this company died and along with it any skeletons buried with it.

The only way to make something happen would be to spend big bucks on legal for a dirty shell with unknown liabilities and unknown share count. You would have get a court to appoint a new director or officer. Presently only Karen Persons has any power and she is stuck in club fed.

I don't see that happening when you can acquire shells so I expensively.

I doubt this ever trades again

logytwo

01/17/14 6:08 PM

Post #2,929

Re: #2,928: @dmbao - I did as well with about 1 million

I don't think its over here, and whatever comes is certainly down the road a year even two. Maybe some value in the Airline piece, and a shell co. in the stock, then the reverse merge if an interested party can be found. I've been in since the beginning of Small Business, hope to see it through.

dmbao

01/15/14 2:04 PM

Post #2,928

Re: #2,927: @surge1k - i made out w/ a ten bagger here

I did as well with about 1 million but got stuck with a bunch from a PP at .002 that I was greedy on.

surge1k

01/15/14 1:28 PM

Post #2,927

Re: #2,926: @dmbao - Certainly interesting to hear all the lies and

i made out w/ a ten bagger here and im sure a few others did aswell..gotta time them right..gl

dmbao

01/15/14 12:34 PM

Post #2,926

Re: #2,925: @surge1k - but it was a fun ride thats for sure

Certainly interesting to hear all the lies and such. Too bad her present prison term isn't even reflective of all this stuff that happened in the end.

Sadly there was an opportunity to do good with the Airline cert but greed got in the way and as far as I know everyone lost?

surge1k

01/15/14 11:32 AM

Post #2,925

Re: #2,918: @dmbao - This will unlikely trade again. Might get

but it was a fun ride thats for sure

bonehead41 Free

09/10/13 3:30 PM

Post #2,919

Re: #2,918: @dmbao - This will unlikely trade again. Might get

It will never trade again...use it as a write off on your taxes

dmbao

09/10/13 10:59 AM

Post #2,918

Re: #2,917: @Renee - SBCO SEC Suspension:

This will unlikely trade again. Might get Ma. Persons an extension on her Club Fed vacation but that is it.

Renee

09/10/13 9:36 AM

Post #2,917

SBCO SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-70350.pdf

Order:

http://www.sec.gov/litigation/suspensions/2013/34-70350-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2013/34-70351.pdf

Micsa

09/10/13 9:27 AM

Post #2,916

Trading has been halted - anyone know what's going on?

PatriotFan Free

09/06/13 3:13 PM

Post #2,915

Re: #2,914: @dmbao - A FAA Certificate is an asset and has

Very True

dmbao

09/06/13 10:40 AM

Post #2,914

Re: #2,913: @bonehead41 - The company has no assets its a shell...What

A FAA Certificate is an asset and has value? The question is to prove who truly owned the company that purchased the asset form Bankruptcy court and how that asset was transferred and with what consideration.

A tangled mess. i'll wait for the lawsuit to play out and decide if I want to join that action or start my own.

I know the directors have assets I have already verified that, there also wasn't DO insurance policy in place so this leave them pretty open to either spending huge money to defend themselves or write checks to make it go away.

bonehead41 Free

09/06/13 10:01 AM

Post #2,913

Re: #2,912: @PatriotFan - Can you give detals.I'm thinking about doing the

The company has no assets its a shell...What would you get out of it...You trade these things..Sometimes you win..Most cases you lose

PatriotFan Free

09/05/13 2:35 PM

Post #2,912

Re: #2,910: @dmbao - I heard a shareholder lawsuit has commenced.

Can you give detals.I'm thinking about doing the same. PM me. I think shareholders should act together

JJ16

09/05/13 11:05 AM

Post #2,911

Re: #2,910: @dmbao - I heard a shareholder lawsuit has commenced.

That should shake things up. It's time to bring some people in who actually know how to run a public company. Could be promising news!

dmbao

09/05/13 7:31 AM

Post #2,910

Re: #2,909: @PatriotFan - You are so right. The one Director is

I heard a shareholder lawsuit has commenced. Hopefully the directors will lose their assets for not acting appropriately.

PatriotFan Free

09/03/13 5:31 PM

Post #2,909

Re: #2,906: @dmbao - Huge mess that isn't getting resolved. However,

You are so right. The one Director is a total WIMP.If he would have kept track of what Karen was doing this would have have never happened. He is the one who brought her in.This will prove very costly if they don't act.

JJ16

09/03/13 3:03 PM

Post #2,908

Re: #2,907: @PatriotFan - For sure. I think the major shareholders might

I agree. It would be nice to know how many shares are outstanding, as well as notes and other things promised.

PatriotFan Free

09/03/13 2:25 PM

Post #2,907

Re: #2,905: @JJ16 - It seems like nobody is getting answers. The

For sure. I think the major shareholders might want to talk

dmbao

09/03/13 12:13 PM

Post #2,906

Re: #2,905: @JJ16 - It seems like nobody is getting answers. The

Huge mess that isn't getting resolved. However, nothing is going to happen unless someone takes legal action to establish who is in control and what the facts are.

You have two directors one who from what I hear is burying his head in the sand (which may prove costly to him) and one with a conflict of interest trying to make a deal with SBCO's assets that benefits him and his personal businesses more than SBCO?

With unknown ownership of assets and SBCO's stock having been used to secure ownership of what some believe are non SBCO assets, ownership is very much an unknown.

The FAA cert and a business built around it could be very valuable so I suspect some of the players are making moves assuming the FAA plan to cancel the cert for nonuse can be kept at bay.

JJ16

09/03/13 11:33 AM

Post #2,905

Re: #2,904: @PatriotFan - It would be nice if they can get

It seems like nobody is getting answers. The directors should step up and make some kind of announcement, if only to say they are pursuing some sort of resolution to this mess. Whether they realize it or not, distancing themselves might not be in their best interest.

PatriotFan Free

08/30/13 2:39 PM

Post #2,904

Re: #2,903: @dmbao - Pretty quiet here. I wonder if the

It would be nice if they can get someone to come in and take over. I'm not getting answers.

dmbao

08/30/13 2:35 PM

Post #2,903

Re: #2,902: @PatriotFan - I hope enough people are talking to these

Pretty quiet here. I wonder if the Airline Cert has been pulled? No news from a company with an incarcerated CEO?

PatriotFan Free

08/23/13 3:14 PM

Post #2,902

Re: #2,900: @dmbao - Well depending on what they do or don't

I hope enough people are talking to these guys and they realize the importance of this matter

PatriotFan Free

08/23/13 2:59 PM

Post #2,901

Re: #2,900: @dmbao - Well depending on what they do or don't

That's for ure. They had better do the right thing for Shareholders

dmbao

08/23/13 8:03 AM

Post #2,900

Re: #2,899: @PatriotFan - Doesn't matter legally or not they are were

Well depending on what they do or don't they will be a good target for a lawsuit.

Simon has a huge conflict of interest between his role and ownership in Astrajet and its supposed holdings of AJet Holdings/Ryan Air. If he takes action with the main asset that AJet holds assuming SBCO also has ownership as much as 50% that isn't in SBCO shareholders best interest he is open to easy lawsuits and also will have assets of the proceeds of the cert sale as well as Astrajet supposedly. So something worth pursuing.

Paul also has assets that if he fails to act in the best interest if shareholders will be an easy target.

So if these guys don't do the right thing the shareholders can go after them and there is something to go after.

What they should do is turn over the company to an entity who will attempt to do the right thing for shareholders as that is the best way for them to wipe their hands of this mess.

We'll see what happens and then react accordingly. It's rare to have deep pockets available in the pinks for lawsuits and directors who may be naive enough of their responsibilities to leave the door open to those assets. Lawyers will be lined up for that.

PatriotFan Free

08/22/13 6:28 PM

Post #2,899

Re: #2,897: @dmbao - It's not clear they are actually directors legally.

Doesn't matter legally or not they are were still acting directors. Karen was brought in by an acting director. They are also responsible

logytwo

08/22/13 6:03 PM

Post #2,898

Re: #2,897: @dmbao - It's not clear they are actually directors legally.

The stench keeps growing........

dmbao

08/22/13 4:28 PM

Post #2,897

Re: #2,896: @PatriotFan - Karen had all the resources she needed to

It's not clear they are actually directors legally.

PatriotFan Free

08/22/13 3:51 PM

Post #2,896

Re: #2,895: @logytwo - The notes outstanding if converted will easily be

Karen had all the resources she needed to get everything current. The 2 Board Members are responsible for not overseeing her actions. Who knows if they were part of it. Larson is long gone, She had plenty of time to get things caught up. No excuses.

logytwo

08/22/13 12:34 PM

Post #2,895

Re: #2,892: @PatriotFan - There is a lot more then just a

The notes outstanding if converted will easily be enough to rest control of this thing, and I think that is what needs to happen. Only problem, Larson made a mess of things and God only knows what Person has done in her scheming.

67eddy

08/22/13 12:13 PM

Post #2,894

Re: #2,893: @al249 - Stand by!

al249

08/22/13 11:27 AM

Post #2,893

Re: #2,879: @dmbao - Not sure there are any options that justify

Stand by!

PatriotFan Free

08/21/13 2:04 PM

Post #2,892

Re: #2,891: @fuchsit48 - I agree new ceo and direction needed to

There is a lot more then just a new CEO and new direction. The cost of getting everything current. The debt that is owed,

fuchsit48

08/21/13 11:03 AM

Post #2,891

I agree new ceo and direction needed to save this company from going dark.

detailman

08/21/13 10:09 AM

Post #2,890

Board of directors needs to find someone to step up and take this over, throw out all of Karen's bogus crap, sell anything of value and Reverse merge an entity into this company and go forward.

Once new ceo is in place current board needs to be removed as they were complacent during this whole ordeal.

New CEO and New direction is the only chance this has. Anyone know of anyone who would like to be the new CEO, all they need is a real company to place here.

JJ16

08/21/13 9:33 AM

Post #2,889

Re: #2,886: @PatriotFan - Do you actually think Karen did this all

Interesting point! To scam as many people as she did and as crazy as she was, I doubt it also!

dmbao

08/21/13 9:31 AM

Post #2,888

Re: #2,886: @PatriotFan - Do you actually think Karen did this all

I only had dealings with her. I don't know the extent of others involved. Certainly one of the directors is facing some serious conflicts of interest in how this plays out.

Who else is involved in helping her

PatriotFan Free

08/21/13 9:22 AM

Post #2,887

Re: #2,886: @PatriotFan - Do you actually think Karen did this all

Penny Stocks are not a place for honest people. Lesson learned.

PatriotFan Free

08/21/13 9:15 AM

Post #2,886

Re: #2,885: @dmbao - There was nothing wrong with the plan just

Do you actually think Karen did this all herself ? I don't.

dmbao

08/21/13 9:12 AM

Post #2,885

Re: #2,884: @PatriotFan - I'm glad you didn't get hurt.

There was nothing wrong with the plan just how Karen implemented it and lied, cheated and stole.

She deserves much more than the 30 months for what she did here.

However the plan I outlined is the only real hope for a happy ending

PatriotFan Free

08/21/13 9:08 AM

Post #2,884

Re: #2,883: @dmbao - I got in cheap and figured it was

I'm glad you didn't get hurt.

dmbao

08/21/13 9:06 AM

Post #2,883

Re: #2,881: @PatriotFan - You were a huge supporter of SBCO. You

I got in cheap and figured it was a flyer. Not a lot of money and figured put pretty quick it wasn't worth putting more into.

I already made back double my investment as I bought the shares when it crashed to .005 last year and sold them in the rally this Spring with the AJet move.

I still own a ton of shares and am waiting to see what happens before I decide to sell them into the market.

JJ16

08/21/13 9:03 AM

Post #2,882

Re: #2,880: @PatriotFan - The option would be to go after Assets

Are there any assets that you are aware of that we can go after? I am all for that!

PatriotFan Free

08/21/13 8:57 AM

Post #2,881

Re: #2,879: @dmbao - Not sure there are any options that justify

You were a huge supporter of SBCO. You never tried to find out if it was legit?

PatriotFan Free

08/21/13 8:53 AM

Post #2,880

Re: #2,878: @JJ16 - I am interested to know the options?

The option would be to go after Assets The Board of Directors is also responsible.

dmbao

08/21/13 8:21 AM

Post #2,879

Re: #2,877: @PatriotFan - The investors should speak with each other. There

Not sure there are any options that justify the costs of pursuing them.

The assets that were purchased with funds that investors put into SBCO are not necessarily owned by SBCO.

For instance the airline certificate was purchased by a company that its unclear SBCO has any financial interest in.

Also that asset was paid for with a loan so their is a lien on that asset with upsurous terms, also the company that owns the cert has lots of other liabilities so the sale of the cert if that is even possible before the FAA cancels it is unlikely to lead to any leftover equity that would end up in SBCO's hands if it even has ownership.

Anyone who gave Karen money has been scammed. The things she PR'd or told you aren't necessarily true. It's basically a Ponzi scheme where money that came in didn't go to where it was supposed to and was used to pay her personal debts, payoff earlier investors and fund her private companies like AJet Holdings/Ryan Air. All of course collateralized with more and more SBCO stock but not direct ownership?

Add in the mess regarding the directors and their knowledge and potential conflicts of interest and you have a huge mess with lots of victims fighting for questionable assets and a very expensive legal process to investigate and prove SBCO has title to asets, all while facing a short deadline against the canceling if the FAA cert for it not being active.

The only plan that COULD work is to use the certificate to build a real airline that SBCO would own a piece of as well as receive cash to build a true BDC but with so many different entities involved with different conflicts of interest and unclear title, it is an major uphill battle that is going to cost big $$.

First, you have to get some political help that can keep the FAA at bay long enough to figure out who owns what, what the share structure is, what other liabilities exist and then be able to find a airline group who needs a certificate and is well funded enough to make it work and would agree to pay for the cert as well as give up equity.

Once you have that done and own a true portfolio company and have cash you can figure out if any of the other things like the Moon movie and that production company is owned by SBCO and has value or the water valve company. Then you need to get the financials and filings current and raise capital for additional portfolio companies.

On the plus side one should be able to get any of Karens personal assets due to her fraud considering her 30 month Club Fed vacation isn't even related to all of this additional fraud so that vacation could be extended.

Anyone want to write a blank check to make this happen?

JJ16

08/21/13 7:45 AM

Post #2,878

Re: #2,877: @PatriotFan - The investors should speak with each other. There

I am interested to know the options?

Older

The Small Business Company (fka SBCO)

Followers	35	Posters	141
Posts (Today)	0	Posts (Total)	2932
Created	04/28/08	Type	Free
Moderators

http://sbcoselect.com/

SELECT BUSINESS AND CORPORATION OPPORTUNITIES, INC.

SBCO is a publically traded company currently trading on the Pink Sheets as Small Business Company. Small Business Company is a corporation registered in the State of Delaware.

The new management intends to file an N-2 in the very near future to form a BDC (Business Development Company) which will use the the same trading symbol, but will have a name change to SELECT BUSINESS AND CORPORATION OPPORTUNITIES, INC.

SELECT will then become a publically traded Venture Capital Firm registered under the US Investment Act of 1940. Initially, the company will invest in eight different business areas to bring diversification to SBCO and increase shareholder value.

http://www.sbcoinc.com/what-is-a-bdc.html
WHAT IS A BDC?

                            A BUSINESS DEVELOPMENT COMPANY

PURSUANT TO THE SMALL BUSINESS INVESTMENT INCENTIVE ACT OF 1980 ("BDC ACT"), CONGRESS ESTABLISHED BUSINESS DEVELOPMENT COMPANIES UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED ("INVESTMENT COMPANY ACT") DESIGNED TO PROVIDE CAPITAL TO MOSTLY PRIVATE COMPANIES, CERTAIN OTHER DESIGNATED COMPANIES AND FINANCIALLY TROUBLED COMPANIES LACKING ACCESS TO PUBLIC CAPITAL MARKETS, FINANCIAL AND OPERATIONAL MANAGEMENT EXPERTISE AND MISCELLANEOUS FORMS OF TRADITIONAL EQUITY AND DEBT CAPITAL.   BDC'S SERVE AS PUBLICALLY-TRADED, PRIVATE EQUITY FUNDS.   BDC'S ARE EXCELLENT VEHICLES TO RAISE ALTERNATIVE AND VENTURE CAPITAL; FOR EXAMPLE,BDC'S MAY RAISE UP TO $ 5 MILLION DOLLARS EACH YEAR SELLING NON-REGISTERED N0N-RESTRICTED SHARES IN REGULATION E OFFERINGS PURSUANT TO AN OFFERING CIRCULAR.

BDC'S MAY ALSO RAISE EQUITY CAPITAL THROUGH REGULATION D PRIVATE PLACEMENTS AND A REGISTERED OFFERING UNDER A FORM N-2 REGISTRATION STATEMENT, UNDER THE SECURITIES ACT IF 1933, AS AMENEDED ("SECURITIES ACT").

ONE SOURCE THAT PROVIDES ALTERNATIVE CAPITAL IN THESE TURBULENT TIMES IS THE BUSINESS DEVELOPMENT COMPANY ("BDC").

WHEN LOOKING FOR PROSPECTIVE SMALL BUSINESS, A BDC DOES NOT INVEST IN JUST ANY COMPANY, ITS' GOAL IS TO INVEST IN AND PROVIDE GUIDANCE TO THOSE THAT WILL ONE DAY GROW LARGE AND INCREASE SHAREHOLDER VALUE.

http://astrajet.com/

http://www.slideshare.net/KP/astra-jet-exec-sum-updated

Renaissance Entertainment and Media Group

Loading up the 40 year old original recordings of "Man's First Steps On The Moon" on video spools at DC Video in Burbank, California.

One of the first tasks at hand to make the Documentary film JULY MOON was the transfer of the 40 year old tapes to digital form.

There are only 3 or 4 machines in exsistence that could be could be used to do the transfer.

The tapes in Renaissance's production are the only surviving record of man's most monumental accomplishment of the last century.

COMING SOON TO THEATERS

http://envirosafeh2o.com/

http://envirosafeh2o.com/Home_Page.html

Inline Descaler
http://envirosafeh2o.com/Inline_Descaler.html

I installed an EnviroSafe Descaler in my home recently. Previously I was having hard water spotting issues which are typical for those of us who live in the desert southwest. After installing the Descaler, the spotting has completely disappeared, and my sinks and showers are much cleaner and more pleasant to use and look at. A great product !

M. Phillips
Las Vegas, NV 89144

Pool Descaler

http://envirosafeh2o.com/Pool_Descaler.html

My name is Rich Phillips. I am a co-owner of Premium Pool in Mesa, AZ. For a two(2) month period a study was conducted using the "Pool Concepts EnviroSafe Water H2O" Pool water treatment system.

All chemical levels were maintained in the "Normal" range and were checked on a daily basis.

The following were our findings:

New calcium build-up was eliminated
Old calcium became easier to remove

As a "StandAlone" unit this equipment worked well to reduce calcium build-up.

Rich Phillips
Premium Pool
Mesa, AZ
602-750-8907
www.Premium-Pool.com

Spa Decaler