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AMCG SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-72769.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-72769-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-72770.pdf
still on watch...we'll see what happens
This is an old dog stock I have. But seen today it's up 135% today? Any news?
Hello??? Symbol changed to AMCG and is up 133%
May everyone have a happy holiday season!
Bob
BOOOOOM, I dropped my 6k shares too, glad I was able to save myself a hundred bucks while I still can.
I took my bath and eliminated my position this morning!
GLTA
Bob
AMCGE - I have submitted a ticker change request to IHUB.
GLTA
Bob
AMCGE - It looks like the ticker will change to AMCGE today.
GLTA
Bob
sorry, MOBBFalcon not MMOBFlacon.
MMOBFlacon, I would first start out with saying I think we are holding the bag, but can do some things to be helpful to other investors or find some form of justice (at least marketplace) for the players in this scheme.
1) If you discover facts or names of the shady players in this shady deal, post them. I would suggest the facts are strongest and rants are useless. These guys do not like the bright lights. Ronotech Limited and the firm Macdonald Tuskey of 1210 – 777 Vancouver British Columbia and Konrad Malik phone number (604) 689-1022 are not normally showing up on Google search results from very unhappy investors on IHUB, especially regarding a matter that looks exactly like a shell game scam with regards to Amico Game Corp. (AMCG). Right?
2) Write a follow up with the SEC. Your case number is in the subject line. Tell them more about who you are, how much you lost, etc.. Texas Bonnie should especially do this. I did. I also spoke to them in detail last week on the phone about Amico, and all I can say is they want to hear more, are genuinely interested, but are not able to discuss anything in return. When asked, they said small deals are also being investigated. I wrote a long detailed follow note to them yesterday.
3) I think Marshal1’s suggestion to contact your local congressman or senator is a great one. Why not, it’s why they are there, and costs nothing. Just have your facts ready and be able to explain the problem in brief. This situation stinks without much hype.
4) We could possibly consider a class action suit. Just a thought. Everybody but the attorneys lose. The bad guys are planning on it. This is what makes the SEC, the US congress and social media good options.
5) One last thought, we need to know the specific individuals behind Ronotech and Olite Global. Might be worth a trip to BVI to do some homework.
Just my thoughts….
Bob, if it's ok, please keep picking whatever/whomever's post you feel is most helpful to others. I think you've done great job and unfortunately I'm spread spread super thin due to some daytime duties.
Baja,
This information is great, thanks! But it seems to me that we are all left holding the bag anyway. I'm not sure what we can do, I've already submitted a complaint to the SEC, not sure what they are doing.
I'm not sure anything we do will be fruitful or worth the time involved to do it. I had 5k invested, made a bad investment, good lesson learned, next time I will pay more attention to location and previous acquisition history before buying.
Any other action you think we can take?
Baja202,
Please feel free to update the stickies with what you feel is appropriate. Any post that is less than 48 hours old can be selected. The limit is 4 so sometimes stickies need to be deleted to make room.
Thanks,
Bob
Ju Tech has no web site, no listed phone number, and an undisclosed street address.
Amico Games Corp has documented revenues, software assets, operations, a long business history, and (previously) a touted management team.
"Management" is forcing a share exchange of Amico Games Corp. (AMCG) with Ju Tech. "Management" is closely affiliated with whatever Ju Tech is and on both sides of this deal. US/public market shareholders are not.
"Management" should not have access to US markets and should be prosecuted for any manipulation.
Zhou Hai Tao, programmer social website:
http://www.quora.com/Zhou-hai-Tao
Amigo Games Corp is "exchanging" its shares with three parties, one is Zhou Hai Tao, a citizen of China who, if he really exists, provides no apparent return of value for the share exchange.
I have been in software development for over 25 years. It would be incredible if the the five posts and one follower on the site above are based on real interactions.
All, This is likely who packaged the Amico Games Corp shell game:
Konrad Malik is the firm, and Macdonald Tuskey is the person listed on SEC three schedule 13Ds (statements of beneficial ownership) as "Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications" for these insiders: RONOTECH, DIGITAL FORCE and LING LAU
Macdonald Tuskey Web site:
http://macdonaldtuskey.com/index.html
From "Services" page on web site: Macdonald Tuskey represents companies, individuals and other market participants in all aspects of corporate structuring, financing, mergers and acquisitions, private and public offerings, reverse takeovers, acquisitions and stock exchange listing or initial public offerings.
Konrad Malik contact info:
Macdonald Tuskey
c/o Konrad Malik
1210 – 777 Hornby Street
Vancouver, British Columbia V6Z 1S4
(604) 689-1022
Other members of firm listed on web site:
Our People
William L. Macdonald, Principal
wmacdonald@wlmlaw.ca
Telephone: 604.648.1670
Gerald R. Tuskey, Principal
gtuskey@telus.net
Telephone: 604.681.9588
Britta Jensen Britta Jensen, Associate
bjensen@wlmlaw.ca
Telephone: 604.648.1673
Konrad Malik, Associate
kmalik@wlmlaw.ca
Telephone: 604.648.1671
Robert Galletti Robert Galletti, Associate
rgalletti@wlmlaw.ca
Telephone: 604.648 1678
Samir Virani, Associate Counsel
svirani@wlmlaw.ca
Renata Kubicek Renata Kubicek, Legal Assistant
renatak@telus.net
Telephone: 604.681.9588
Lisa V. Kowan, Paralegal
lkowan@wlmlaw.ca
Telephone: 604.648.1672
Marshall1, Hey I like it, or we could at least ask them for advice next time we all invest since they don't have to pony up that money they all invested but swore they didn't have anything to do or know, both sides of the aisle on this one.
I am sad our country has gone to "hell in a hand basket" to China and other countries, what the heck happened? This is so crazy y'all. I swear we used to be a great country and now we aren't going to see jobs come back if we keep acting like this and those protesters, we have to be tough and proactive, not reactive with nothing behind us but "whah whah whah I deserve this and this and this but don't want to work for it."
I am in to make these people "pony up" and be held accountable. Let me know y'all, will do it for the principle/ethics not the other kind.
Cheers!
Nobody in their right mind would be buying shares of this stock right now...
wheres the ~DD~ that could help buyers hit the ask?
AMCG 'd' off 12/08/11 ~ 10.9mOS THIN
LOL kick myself sold too soon ftc#
10 bagger on 7k shares=weeeeeeeeeeeeeeeeeee
AMCGD is now AMCG~ 10.9m Shares Outstanding!
I have submitted a request to drop the 'D'. The ticker has changed back to AMCG.
GLTA
Bob
TexasBonnie and Baja -
I admire your enthusiasm for drawing attention to this slight-of-hand that appears to have been pulled on small investors. As a next step, you might want to consider contacting your local congressman about this experience. Members of congress are often skilled at contacting people within government who can get you the results that you are looking for. I think that the current political climate is also one in which members on both sides of the aisle would like the opportunity to agressively pursue those guilty of any financial wrongdoings. Just a thought.
Baja202,
First, thank you for your sweet thoughts.
Second, good information and good points. I am not sophisticated enough to be able to answer your questions because logic says, this shouldn't be, however it is what it is. Long ago I figured out life isn't fair, you cannot depend on playing by the rules and others will do the same but this isn't an excuse to go and break the rules. However you can study a situation for a bit, see if there is a way to out-fox a fox, people always leave a hole somewhere, not sure in this case, because of the international issue - there is the component of an American Corporation tie somewhere, probably Nevada or Delaware but there is one. Bottom line, we are the pawns being used to make this scheme work...not a deal, just have to figure out the weak end, I know gaming...there is value to this company just based on the volume, more important, if they aren't legit, and are defrauding on some licensing or something...oh there could be some fun messing with them that way. This Texasgal does know technology and don't think I won't play with them that way.
If there are enough of us that start poking and proding well we could at least have some fun. Are we going to recoup our losses? No but heck we can be a pain and let them know, as little stockholders they messed with the wrong people. Will it do any good in the long run? No, but we could raise awareness for others not to get involved with their BS, unless they clean up their act and also it will make us feel just a wee bit better. Gamers are a funny bunch, they don't like the "establishment" and certainly don't like when corporations do stuff like ripping the "little ole investors" like us off. Oh did I mention I play real hard in social media? Y'all these guys cannot exist if their reputation online goes to pot, that is all they have.
Again, not that it will bring back your investments, but it will make them a little stalled moving forward.
Again for those that believe in MM signals 300 share sale:
300= Take the price down so I can load shares
GLTA
Bob
If you believe in MM signals there was 100 share transaction - "I need shares."
GLTA
Bob
Thanks for the alert, I will check ot AMCGD out
D comes off this week could really Fly
My understanding is that it comes off 20 business days after the split took place which I believe was 11-9-2011.
GLTA
Bob
L2 was showing .059 then $1.04 Fri, that's pretty thin!
Whn does te 'D' come off? Is Amico back up?
That is down from 219M due to the 20-1 reverse split.
GLTA
Bob
Scottrade stills shows 11m Shares Outstanding!!
Correction: part of my previous post read:
At the bottom of the 14C when they write "shareholders of our common stock are not entitled to shareholders rights", they are speaking to us, the other 48%.
should have read:
At the bottom of the 14C when they write "shareholders of our common stock are not entitled to dissenters rights of appraisal with respect to our proposed exchange.", they are speaking to us, the other 48%.
Amicogames.com working again. Just FYI, have no idea what to make of it.
MOBBFalcon, my last reply to TexasBonnie applies equally to your earlier post as well. Sorry I missed it.
TexasBonnie, I can not leave your post un-replied to.
I feel your pain and also bought in at a much, much higher price. Dont mind taking a risk investment, but this is a more than a little different. If I can lay out a path to at least take these guys out of the US markets I will. Best case more than that. I think being very vocal with the SEC is a good start. Costs nothing. Like you, I don't usually role over.
A note:
After two years of promotion and upbeat filings, the "management" went silent earlier this year, the stock price continued to tank. AMCG/AMCGD is now trading with almost no value so an exchange with nothing supposedly looks fair. The actual value of Amico Games still exists, it is just not in the current share price, which in a huge part management is responsible for.
One other note:
According to their SEC filings, the "management" officially started these maneuvers in August, which means it was put in motion some time before that. Sounds pretty material, yet no mention in subsequent quarterly or other SEC filings.
A third note:
Also, if there are only 26.3% of shares documented in SEC filings as having Beneficial (insider) Ownership, yet they were able to gather written approval of a 52% majority of common shareholder votes to authorize this move. How can these other shareholders have the knowledge to even vote for this if they are not insider shareholders with insider knowledge?
I went through all 26 pages of the 14C last night. This is my take, so any other feedback based on the reality of this is welcome.
First whom ever wrote the narrative in the 14C is pretty slick and it is written well. Probably the same legal/marketing resource that first presented Amicgo games when it went public. Sadly, this is probably a US based (likely Nevada) law firm/marketing company providing these skills. The document tries to lay out in detail the reasons why the asset exchange (entire swap of two business) is legitimate (legal), and in the best interest of shareholders. My guess is they are taking extra care in this document to make a case for their actions in order to avoid a fraudulent transfer of assets lawsuit. We'll see.
Make no mistake, when they use the word "shareholders", "or our company" they are not referring to anyone on this board, or other US market investors. They are referring to themselves with the 52% insider shares. At the bottom of the 14C when they write "shareholders of our common stock are not entitled to shareholders rights", they are speaking to us, the other 48%. Also, when they speak of "our management" making this decision, is this the same long time management that all just resigned, our is it the brand new one man CEO/CFO/director?
At the end of this deal, they (Zhou Hai Tao a PRC citizen, RONOTECH, Olite Global Limited) will have privatized (own) Amico Games Corp intellectual property, customer base, vendor relationships, distribution, software assets and management team. When we/I purchased this sock it was based on these things, plus the press releases, on-going financials and long history since 1991 of the company before going public. Note they now only characterize Amico Games as an "operator" of games, leaving out all of the above which we had previously been led to believe was so valuable, so we should buy shares.
See original SEC filing presenting the company:
http://www.sec.gov/Archives/edgar/data/1435772/000141540809000588/amico-8k.htm
At the end of this deal, they walk away and will have brought a completely different company into US traded public market, just by doing an asset exchange. Zero attempt, anywhere, is made to represent what the value of the Ju Tech (the company other side of the exchange) is. Take that, US market common stock owners.
Briefly, the justification presented for this is twofold:
1) They China is now frowning in VIE contracts used in companies like Vodafun and Galaxy and may void them. If this happens, they say Galaxy shareholders will become "non-protected and will not be enforceable in China". Also they say China is restricting foreign ownership of "strategically important PRC companies".
2) A step-up of Chinese regulation in the mobile internet. I guess having regulation will be a problem.
Wow, how does Bidiu, who is thinking about buying Yahoo, exist?
There are very likely the trends stated, however there is no way to know what the reality of them impacting Amico games is. The action being taken by the "management" to address the issues stated is the real problem. They are clearly in "management's" interest, not public (48%) shareholders.
"Management's" best solution:
1)Resign. 2)Trade away the entire assets of Amico Games Corp to Zhou Hai Tao a Chinese citizen, and two shareholders Olite Global Limited and RONOTECH. (Note both Olite and RONOTECH are not Chinese entities, hmmm if this is ok then... ).
"Management" has left the business and is taking the goose.
It's bullshit.
could blow thru roof, today BUY MORE!!!
So y'all I am confused, I got my news from Etrade, I have my new shares under the new symbol AMCGD. My 5000 shares, that I bought like 3 years ago or so at....please don't laugh, .25, yes $1275, are now....drum roll please.... 250 shares, worth $11.25! Now before, it said my 5000 shares, were at like .002 - .004, like $10 to $20, but if this had ever gone up again, go do the math. So I am like freakin fit to be tied and this isn't my first rodeo, Citibank did this to me and my stock went down too but I ended up breaking even and just sold. Oh but I got a dividend of $.12! Then we hear news of how all banks loaned themselves money...after Tarp. I am really getting a bit frustrated because y'all we are feeding these guys...they kow what is going on, it still takes an Amerian corporation of some kind to be involved, the SEC knows this and then just sits there. They are dependent on little guys to do this. I dont have this all figured out yet, but it is becoming clearer and clearer.
I will file whatever to be in the group, but we are just getting spun and no i am not one of those Wall Street Supporters...I am looking for a way to outplay the system. This gal doesn't sit and cry, I find my own way and play. But these last two years I have taken a killing and I think my husband is in the next room getting laid off. Please pray, our littlest one is in the hospital, long term. I am going to go pull my bootstraps up and regroup.
Baja, I dont have much knowledge in this stuff, but whatever it takes I am motivated to take these guys down...Whatever action we can take, if you know of anything, please let us know.
I didnt have much invested in Amico, but it doesnt matter to me, I dont like being stolen from but this is deeper than that, principle is at stake.
Still reading... probably wont be able to finish until later today.
It looks like however, they have thought this out and are trying to protect themselves from their shareholders and explain their intent in this revised SEC filing.
Notice at the bottom of filing:
Under Nevada law, shareholders of our common stock are not entitled to dissenter's rights of appraisal with respect to our proposed Exchange.
Bullshit.
Read The Uniform Fraudulent Transfer Act (Nevada). Section 7. The beneficiary recipient in the exchange was definitely an insider.
http://www.leg.state.nv.us/nrs/nrs-112.html
14C filed today. Explanation of transaction provided. I have not fully read yet, but wanted to provide to the board ASAP.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7933385
I'm not complaining -- just surprised.
GLTA
Bob
Guess not...04x045
Yes, I would like to visit personally with these characters.
My guess is that the key players that "resigned" are still there operating the software. Only a hunch.
They are screwing the public investor and hoping no one will be able do anything to them.
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