Prime Star Group (fka PSGI)

[anoche1]

So to once again just clarify it has been brought to my attention that some people are still trying to badmouth Larry. While I will not disagree with the fact that at times he does take more time than would be appreciated, what I can say is that he always kept me in the loop. He is a busy man but aren't we all. I hope this will in part lay to rest any additional thoughts to the contrary, and show his contrite nature when deal with issues that are out of his control.

[wicke]

Did you see the slap on the wrist he managed to
receive for himself? Been awhile so I don't remember
the amount but the SEC fine was like less than 100K
if I remember correctly. He should have been hit with millions.

I have learned first hand how slow the justice system works.
What it takes. Why we see so many skate. It has given me new meaning to the phrase
"Buyer Beware"

[kflybye]

and you wont

[kflybye]

a leopard does not change his spots.......nothing has changed with this man in 30+ years

[kflybye]

i was unfortunately married to this man in the 70's.....dont believe a word that comes out of his mouth

[kflybye]

the man is evil.....dont trust anything he says or does

[kflybye]

nothing has changed in 40 years......unfortunately, i was married to the man in the 70's and he is a smooth operator........dont trust anything about him

[Greggory Johnson]

Roger and Donna Mohlman are nothing more than common everyday thieves. I worked for them in Huntington Beach and they tried to sue me when his business dealings was exposed to a partner. They used corporate funds to purchase Donna's wedding ring and pay off her condo in Newport Beach.

[greedy__malone]

Vindication for all who were ever accused of defaming this glorious company or it's CEO. The wheels of justice may be slow sometimes but they eventually catch up.

Oddly enough, I see no apologies from Roger.

[Risicare]

Registration revoked

http://www.sec.gov/litigation/admin/2012/34-67067.pdf

[Risicare]

Why did you lie about and defame David Pippy for helping reveal the fraud you perpetrated on the public? You slimy POS.

[wicke]

Are you still fighting?
Did you file a countersuit to the SEC
alleging defamation or something?

[wicke]

I hope elements of this SEC suit are beneficial to Mary Krevosh
and can be used in her defense against Donna

[greedy__malone]

I'm really curious why Roger or Donna haven't provided some kind of comment here. Seems as if, when things were still clouded they had no problem coming here and spewing BS. Now that the SEC has stepped in and laid down the long arm of the law it has become quiet time?

Let's hear it Donna and/or Roger, tell us all what your plans are now...LMAO!!!!!!!

FYI, I forwarded the SEC complaint to William Wilson for those of you who were part of the Mohlman suit. He loved it. Said that quash motion was definitely in his top 5 list of favorite cases he has been a part of.

[wicke]

Also won't be surprised for DOJ to take a very long time.
As they investigate they will add a charge, something new, someone new comes up and it gets rolled in. Then something else new, and more time. Crossing t's and dotting i's is painfully slow process. But in the end, no wiggle room will remain.

[Risicare]

Looks like a stay was requested the day of or day after the litigation hit LOL. Had to take a look and see the other day. I think the Krevosh's probably want sometime to digest the happenings, makes for a hard time to defend yourself when such a huge SEC litigation has happened. Hopefully the DOJ is next and the IRS. Would not be suprised.

[wicke]

I wonder what this does to Donna's defamation case ongoing in Vegas? Hope this will send her packing there as well.
Too bad she is not a defendant in the SEC action.
Hope the FBI is not far behind.

[Risicare]

Any comment you slimy POS? Being CEO of this scam and dragging David Pippy's name through mud meanwhile defrauding the public?

https://docs.google.com/viewer?a=v&q=cache:98_K4vMkvdkJ:dig.abclocal.go.com/wls/documents/012010_open_letter_hynes.pdf+&hl=en&gl=ca&pid=bl&srcid=ADGEESiUeFBgZlLEKvUtRlbKf81QpugsgoLCIe8wG2NDevbU2A_lv1C2bePK6DjnrTOqBf9-MLFG-BDJZWzT1zm9g-fGai3RUqJ-5Sirp3YW_Y9KW8hSSRqS4UK8XOItQY2we5IajNTQ&sig=AHIEtbQ816Ka9k5Rd22-P8PDZ655C-6wnA&pli=1

[buyittradeit]

Feeling pretty good about the "system" today

You should and you also should be proud too. Standing up instead of laying down. Good DD.

[jbsliverer]

DTCC action against PSGI

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73088906

[sidedraft]

DTC has suspended all services, except Custody Services, for the below referenced issue.
The suspension is effective March 9, 2012.
CUSIP SECURITY NAME
74163K103 Prime Star Group, Inc.

http://www.dtcc.com/downloads/legal/imp_notices/2012/dtc/ope/0311-12.pdf

[greedy__malone]

I believe that is vindication for those of us who had to defend against a frivolous attempt to gain access to personal info. And it solidifies the notion that only the scammiest of penny stock individuals try to silence their critics by use of intimidation and baseless litigation.

Feeling pretty good about the "system" today.

[Risicare]

Revoked in how many days? Countdown has started, 10 days to plead LOL

[Risicare]

DOJ indictment next? Any comments? LOL

[MaryStockins]

H) DJ SEC Charges Prime Star CEO, Consultants In Pump-And-Dump Scheme

H) DJ SEC Alleges Prime Star's Mohlman Issued False, Misleading Press Releases

http://www.sec.gov/news/press/2012/2012-39.htm

[Risicare]

I see the stock is trading at a reasonable level of .0001. Any comment from the IR or "first lady" Donna? Got indictments or milk yet?

[pual]

Not able to answer private messages, I thank you very much for sharing your information with me. May be that there is light at the end of the tunnel??? Thanks again

[wicke]

tmkobold

If you lost $3815 on PSGI stock more than likely it is gone.
At some point in time you can declare the stock worthless
without the need to sell it. Possibly now for 2011 tax year. If you ever recover anything whatever recovered will then be 100% taxable gain.

[wicke]

E-biggie

If what you wrote is true your only recourse is probably through the courts.
The amount is small enough you may be able to do it in small claims. Not sure the rules of where to file and if out of state if defendant can be compelled to appear or if a filing, if allowed, in Las Vegas would be more appropriate.
You may be better off than had they issued you stock.
If you find small claims a viable alternative I suggest you
keep us informed so we may be able to help you with information
that could be necessary for your effective presentation to the court.

[Risicare]

Tell us more please. I expect you got restricted shares in a private placement? These POS scammers were being pretty annoying last year threatening to sue myself and a few others. What you have to say is of interest to me and likely others.

[realcbrown]

Ebiggie .. I would like to talk to you asap .. my email is [e-mail] Chris

[tmkobold]

ebiggie

I Just lost $3,815 in Penny Stock. Is there any way to recover?

[surehopeso]

ebiggie - Could I get your email address?

[ebiggie]

I would like for anyone that has given money to Roger mohlman for prime star to contact me. I have invested money in this company and have not received documents or my money back. The claims were that within one year I would be able to sell my interest but I have not been given what was promised by the "CEO".

[Freon_]

99,900 traded.

[wicke]

??????????
There has been some trading the past month.

[Risicare]

Got a Wells notice yet?

[wicke]

DTCC appears to be re-instating clearing
for all 17 entities the suspended clearing
services for. Guess we shall see if there is
any trading tomorrow.

[wicke]

Looks like Donna will get her wish.
No more negative comments on the PSGI board.
IHUB has dropped its symbol. The following looks appropriate.

There's a sad sort of clanging from the clock in the hall
And the bells in the steeple too
And up in the nursery an absurd little bird
Is popping out to say "cuckoo"
[Marta, Gretl, Brigitta:]
Cuckoo, cuckoo

[Children: Marta, Gretl, Brigitta: ]
Regretfully they tell us Cuckoo, cuckoo
But firmly they compel us Cuckoo, cuckoo
To say goodbye . . .
[Marta, Gretl, Brigitta:]
Cuckoo!
[Children:]
. . . to you

[Children:]
So long, farewell, auf Wiedersehen, good night
[Marta:]
I hate to go and leave this pretty sight

[Children:]
So long, farewell, auf Wiedersehen, adieu
[Friedrich:]
Adieu, adieu, to yieu and yieu and yieu

[Children:]
So long, farewell, au revoir, auf wiedersehen
[Liesl:]
I'd like to stay and taste my first champagne

[Children:]
So long, farewell, auf Wiedersehen, goodbye
[Kurt:]
I leave and heave a sigh and say goodbye -- Goodbye!
[Brigitta:]
I'm glad to go, I cannot tell a lie
[Louisa:]
I flit, I float, I fleetly flee, I fly
[Gretl:]
The sun has gone to bed and so must I

[Children:]
So long, farewell, auf Wiedersehen, goodbye
Goodbye, goodbye, goodbye

[Guests:]
Goodbye!

[standintall]

Here's an interesting article on the mass suspension. It also contains a link to an informative article with advice about the grey market. A must read for anyone experiencing this kind of trouble for the first time.

http://serious-speculator.com/2011/06/16/sec-mass-suspension-of-penny-stocks-may-signal-new-era-of-enforcement/

[Risicare]

Grey sheet and booted by DTC is pretty much a bad as being revoked.

[wicke]

DTCC suspended clearing services

http://www.dtcc.com/downloads/legal/imp_notices/2011/nscc/A7226.pdf

This means most electronic brokers will not allow trades in this stock. This could possibly continue beyond the two week suspension.

[wicke]

Well, I spent some time revisiting some of the old stuff.

Intela-pac has a business license in default
Global Fine Wine is revoked
Looks like Geyser that was used for Wild Grill
has recently been re-incarnated under the name of All Star
Beverages, Inc.

All my posts about Wild Grill, aka Gourmet Fusion Seafood.
Guess i have to take it back. Or at least some of it.
The person from the original defunct company in Oregan
hooked up with Roger. Appears he has left Roger and gone back to Oregon where he has reinstated his old business there.

Still undable to locate anything referring to their physical addresses, phone numbers of where alleged warehousing/manufacturing occurs. I did not see a reference
to the names outside of the company press releases.

[wicke]

It will be interesting what the 20th will bring.
I suspect many of the 17 companies will not resume trading.
Will PSGI be one of them?
What is a potential meaning to you, if you own stock, is you may have a future tax writeoff for your investment.
They have to convince market makers and brokers
about the truth of their PR's. The seafood is the only
thing I have found that has a valid corporate business license.
Even then, one would think you could find a business
address for it's warehousing operations. A phone number? A web site of its offerings? It was a
100% wholly owned subsidery, now reported to be 60%. No revenues
ever reported. All these other wholly owned subsideries, no reported revenues, can find business addresses, phone numbers.
All the fluff PR about sales.
Can't find valid corporate business licenses for any of them. Have found revoked business licenses for a few of them.
Many of their SEC filings. We have no revenues and depend
upon someone giving us money or from the sale of stock.
Kind of like this is Roger Mohlman's personal piggy bank
to break open every time he needs more money.
A hedge fund, owning convertible preferred shares, liquidated
the assets of this company about 5 or 6 years ago.

Last reported outstanding was 77 million shares. Probably much greater now. What kind of sales/earnings will be required to have a penny per share bottom line profit?
Let's say they have annual revenues of 5 million.
Very competitive market, gross profit of 1,000,000. 60% of that is 600,000. His SGA has been expensive. Let's guess bottom line could be 300,000 (probably high). That would make earnings per share of .0038 cents per share based on 77 million outstanding.

Restricted shares means they can not sell them on the open market for the period of time they are restricted. I believe they can sell them privately to accredited investors.

[Mudslider42]

Issued Restricted shares of stock? Means what? You Can't sell them? With all the (so called) stuff that has happened in the past, ( Money, Book Keeping, Product?) Is this SEC thing, going to hurt the company now? It seems like the company was just starting to roll Big Time! That news about that Sea food, is Great! But what do you think the 20th is going to bring? Thank's for your time.

[wicke]

LevelStock.Com Price Target Media

Issued restricted shares for their services.

I guess there is now a new meaning for "restricted"

[what-a-mess]

PSGI: http://sec.gov/litigation/suspensions/2011/34-64612.pdf

[LVTruthSeeker]

I would like to communicate with you outside of this forum, could you provide contact info to do so privately? Thanks, I will be looking forward to hear from you...the sooner the better. You will be hearing from me shortly.

[LVTruthSeeker]

Yes, I do have a couple of private messages.

[wicke]

LV, do you have a couple of private messages?