Perkins is a total POS
Federal Court decided on Liability and Fraud against Alton Perkins in favor of the SEC.
SEC Revoked the shares of ATIN a subsidiary of ATMO.
Alton perkins has been a repeated Deliquent Filer. ATI Nationwide Holdings Stock was Officially Revoked by the SEC on October 29, 2021.
Major update against Alton Perkins. The SEC filed in Federal Court a Motion for Partial Summary Judgement. The Motion sets forth the key Material Findings of Stock Fraud and Use of Funds for Personal use.
Case ID is 5:19-CV-243 on Pacermonitor.com
Alton Perkins was handed another Action by the SEC for being a Deliquent Filer.
ATIN SEC Suspension for severely delinquent Financials:
Nationwide Microfinance Limited of Ghana was declared Insolvent by the Bank of Ghana. (#122 on the below list)
Americatowne has failed in its Reporting Duties to inform the Public of this Material Event. As with the Nationwide having it's Banking License Revoked this also means the Nationwide Stock held as an Investment Asset on the Balance Sheet of Americatowne should be Written Off well over a year ago.
The SEC is seeking more than just a small fine. According to the Complaint, they are also seeking to have Perkins "Barred for Life" from running any Public Companies as well as returning over $1 Million to shareholder.
True, could be suspended or revoked for delinquent filings, but the shareholders could not get anything for their shares, even if they wanted to sell, as there is no market at all whatsoever.
Perhaps he is waiting to see the outcome of the lawsuit first, if its dismissed or he just gets a small fine, he can pay it, then maybe get things back on track.
Bb, so how about existing Stockholders, do they not now have a legal claim before the SEC Revokes this Stock for Failure to file?
Are you aware of the responsibility to File?
Are you aware of the current SEC Case?
I would not keep filing either, seems like a waste of money at this point, as it's never going to trade with the CE on it anyway.
US District Court Judge Granted SEC's "Motion to Strike" Alton Perkin's "Cross-Claims" on March 30, 2020.
Alton's Motion to Dismiss the SEC Case against him were Denied in Federal Court Jan. 2, 2020.
Alton Perkins charged by the SEC June 13, 2019 for fraudulent offering and sale of securities. This isnt his first time either.
SEC suspension and revocation in the wind here for ATMO.
Don't know about all that, have not really looked into him that deeply, as I do not have a personal vendetta against him, I have only looked at the way his stocks have traded.
2016 GREI- .09 to $9.74
2017 EXAI/ATIN - .006 to .40...in 30 days
2017 ATMO .25 to $75...in 19 days
Public interest concern or not there was good money to be made here, and was only derailed by OTC Markets, not by insider dumping, greed, convertible debentures, etc.....those nefarious things that typically kill the majority of penny stocks.
I wonder, if Perkins is indeed the 'public interest concern' that is keeping the CE on his stocks, maybe for the good of the shareholders, he could step down as President, and put his wife in charge of the public companies.....he would still stay as president of Yilaimei. Perhaps this could resolve the OTC Markets issue?
Alton Perkins defrauded a Barter Network while already being under House Arrest for a Felony Charge. Alton Perkins has failed to pay the people he defrauded.
Alton has failed to pay the people he ripped off. He has Active Judgments
You do know Alton Perkins fails to disclose being sued and has Active Judgements?
Hmm...disappointing, OTCM doesn't seem like they are willing to budge on this for whatever reason.
According to Law360 and PaceMonitor the AmericaTowne Lawyer on Nov. 15th, filed "Notice of Voluntary Dismissal". The OTCMarkets Legal Team had this case moved to the Federal Court for the Eastern District in NC (Raleigh,NC). By filing for Dismissal, Americatowne has effectively withdrawn their case.
The Case # is 5:18-cv-00487
ATMO is lucky this garbage ticker is at 35 cents per share. The last financials show the true value of this company which is negligible.
Good, I hope Perkins is asking for punitive damages as well. You can't just slap an indefinite Caveat Emptor on ATMO and ATIN, with no reasonable explanation, or evidence of any public interest concern.....that's illegal market manipulation right there.
Americatowne posts $465K loss for 2nd quarter as well a note is in the report that Thomas Mabiala Phuti was fired for subpar conduct. Thomas and his wife were Benefitial Owners via the amount of Stock options he was granted and his wife being an early shareholder and initial shell company that booked one of these Exporter Service Contracts in exchange for more shares. Thomas and his wife are Congolese refugee resettled immigrants. Thomas was their SrVP for Operations. Kind of sounds like he just mignt be a tad disgruntled.
Ever notice plenty of these so called deals never seem to get completed? Last years so called Big deals were somehow linked to creating this manufacturing plants in China lots of pure hype, but close inspection of the deal had Americatowne having to commit upwards of $11 Million per year for the next 5 years for Capital Improvements. Those deals were hyped and its now 18 months later with the first $11 Million past due, no leases signed and no word as to the status. Their business plan is to produce modular buildings... a business which there already is dozens of companies in this space.
Next they announced a HQ office that was to be built, yet it appears that too isnt exactly happening either.
And one of their original deals was with the Chinese Port Authority of which they were using as a means to attract so called US Exporters. The provisions in that deal are now clearly in default and no word to the updates to it. well over 2/3rds of these so called Exporters are themselves nothing more than newly formed shells of which a number are now facing being or already have their own respective issues with State Authorities.
Meanwhile 1qtr numbers are again a loss. Close inspection still shows plenty of money flowing from Americatowne towards Perkins other private businesses he controls with those same business showing related party receivables that are now ballooning close to half the company assets.
I have a number of different metrics that I use, honed over the past 22 years, that fit my investment style and strategy, as a stock trader..............financials, while perhaps not totally irrelevant(I do like to see a decent cash position), are not high on my list of factors to consider.
However, one thing I definitely don't use as a metric in my decision making process, to invest or not invest, is the opinion of some random stock message board poster with a personal vendetta against the company or company officers.
I don't know Perkins, never met him, never talked to him, he could be the spawn of Hitler and Satan for all I care. I only know is what I've seen over the past 1 1/2 years, and as far as I'm concerned, he has a proven track record of executing phenomenal stock runs.
2016 GREI- .09 to $9.74
2017 EXAI/ATIN - .006 to .40...in 30 days
2017 ATMO .25 to $75...in 19 days
Early investors made out like gangbusters in these plays. If Nationwide and Modular can run like this, what is Perkins going to do with his flagship company AmericaTowne..??
Now yes, these runs didn't last, and the share price eventually retraced, and the stocks became illiquid, but from what I observed this had nothing to do with anything Perkins did. This was on OTC Markets, they slapped them with Caveat Emptor for no explainable reason other than the fact that they went on big runs and this eventually killed them.
Can you give the company names..this is what we call a red herring.
I am only reporting the facts here. You look at the numbers. You see a common thread.
So What would your metrics be besides ignoring the Finacials?there now are 3 years of financial reporting. As an anylyst i am only stating this is following the same trend I have seen before with this management team
So you have no problem with the loss and you further have no concerns were the money flows??? Is that correct
Name the metrics you find important
That's pretty much irrelevant, A) because AmericaTowne is still in development stage and B) because OTC stocks don't need great financials in order to run, if they did nothing would ever run on the OTC period....lol.
Perfect example here, look at these 2 balance sheets, one of these tickers went on a run to $642.00 per share, the other trades at a whopping .23 cents per share.
One has a $42M profit....the other $7.7M net loss...care to guess which one ran to $642 dollars.....??
Financials are virtually meaningless on the OTC, there are other factors that are far more important.
Shorts trapped and cannot cover. "I think I told you before that I have managed to escape being squeezed more than once, not because of the possession of a mysterious ticker-sense but because I can generally tell the moment the character of the buying in the stock makes it imprudent for me to be short of it. This I do by common-sense tests, which must have been tried in the old times also. Old Daniel Drew used to squeeze the boys with some frequency and make them pay high prices for the Erie "sheers" they had sold short to him. He was himself squeezed by Commodore Vanderbilt in Erie, and when old Drew begged for mercy the Commodore grimly quoted the Great Bear's own deathless distich He that sells what isn't hisn Must buy it back or go to prim. Wall Street remembers very little of an operator who for more than a generation was one of its Titans. His chief claim to immortality seems to be the phrase "watering stock." Addison G. Jerome was the acknowledged king of the Public Board in the spring of 1863. His market tips, they tell me, were considered as good as cash in bank. From all accounts he was a great trader and made millions. He was liberal to the point of extravagance and had a great following in the Street until Henry Keep, known as William the Silent, squeezed him out of all his millions in the Old Southern corner. Keep, by the way, was the brother-in-law of Gov. Roswell P. Flower. In most of the old corners the manipulation consisted chiefly of not letting the other man know that you were cornering the stock which he was variously invited to sell short. It therefore was aimed chiefly at fellow professionals, for the general public does not take kindly to the short side of the account." Reminiscences Of A Stock Operator - Edwin Lefevre
Got slapped with the ole skull and crossbones yet again on OTCM, was probably a given after a run like that, ATMO was a 300 bagger in less than a month.
If he let a few shares go there and tightened up the spread, he could potentially start walking it back up, right now no one wants to slap the ask or raise their bids so it's completely stalled. CE is not helping either, but still he could certainly capitalize on this run over there you'd think.
Hmm....Sounds to me like someone is jealous they missed the boat, did you contact the SEC and FINRA when AT_LT ran their penny stock newsletter p&d campaign as well...somehow I think not.
I'm not in this, never have been, but it's been fun to watch nonetheless and glad for the folks that made out, good for them.
ATMO, the previous GREI ticker. The company currently has a capitalization of more than $ 1 billion. They do not have balances and funds on the account. I consider this company a fraudster. They raise artificially the price of their shares for further sales. The company has grown over 8000% in less than a month. Please check this company. Thank you in advance.
sure you did...