The reason I brought it up was that I thought it would start a dialogue about the subject.
With the summary of Footnote 32 Shells that all shares are null and void and all corporate actions to make beleive otherwise is fraud.
The DD inorder to buy a public trading company should devulge in most cases.
In some cases the companies start out with real assets only to have them stripped out.
As we see with many pinksheets claiming to have bought assets as they pump and dump.
Then they RM or take on a new CEO and viola,no more assets.
The chain of evidence is in the corporate actions or lack thereof.
Such as I discovered that TA for ABVG turned PHMB requires copy of Finra form and minutes of the meeting before they will conduct an RM.
Finra requires form filed 10 days before corporate action or face a penalty fee of $5000. for each missed action filing.
Without paying the late fee leaves corporate officers at risk of fraud charges as defined by SEC.
Then we have this latest paid pumper senario at AURC under the guise of a dividend that could not have possibly been filed.
And I highly doubt any exemption was granted.
http://www.techlawjournal.com/seclaw/81029.htm
"All twenty-three cases involve allegations of illegal touting of securities under Section 17(b) of the Securities Act of 1933. "17(b) provides that it is unlawful to publicize a security, if you are being paid to do so, unless you disclose three things," said Walker. "The first thing that is required to be disclosed is nature of the compensation you are receiving, whether it is cash, or whether it is stock. The second is the amount of compensation you are receiving. And the third is the source of the compensation."
I don't think make believe dividends paid by self appointed officers of an abandoned company, paid to true longs honors those three requirements.
That seems to be how the controlling interest in these stock frauds get bagholders to asssit.
They get them to do criminal acts and then the patsies have to keep making believe they are doing nothing wrong all the while
the puppet master is making profit in the background.
Jean Francois Amyot started alot of these types of stock frauds by highjacking abandoned shells that were probably carcasses of Footnote 32 Shells.
That is why they were abandoned in the first place.
And that is how it was known that nobody would stop it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56702224
"Most of these hijacked scam companies were taken over by Jean-Francois Amyot (Hilbory Advisory Inc.) who used John Briner to write bogus opinion letters for billions of counterfeit shares cleared through illegally run Select American Transfer Co."
Section 17b, Securities Act of 1933
"It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof." (15 U.S.C. § 77q(b).)
Just like the way Dan Ryan and Carol McKeown are being disgourged of $3.7 million dollars plus undetermined civil penalties ,so could everyone else associated with these long term ,multiple controlling principaled,some highjacked and some created illegally from the start companies that still have their null and void stock trading;be disgourged of their profits.
Not to mention Carol has a new problem on the horizon.
She perjured herself in front of a federal judge by saying they had no money to get a lawyer to answer claims against them because government had froze $2.4 million of their assets.
Well,the US government is not in the habit of creating charges tnat are beyond the means of the corporate principals that engaged in the fraud.
The government knows where their money is and how much there is.
So if they keep going down this road.
We are going to see some jailtime justice.
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Maybe you should go to the 'official board' ....Richard is lonely without his buddy jjuniper and may feel abandoned since you decided to whine here full time. Spread the love !
