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That is too funny! LOL
BNGI up 900%! Is there still life here.
On a 6 cent trade.
https://www.bangistock.com/
You are a comedian! LOL
We moving on up
100,000 yeeeesssss
Meaningless.
They would need to file a 15c2-11 which is highly unlikely.
https://www.otcmarkets.com/learn/15c2-11-resource-center
Hey surfkast. It shows transfer agent verified, which is probably a change. I think it takes a few days for the otcmarkets.com website to be updated, from what I gather. Thanks.
Expert Market
Dark or Defunct IconDark or Defunct
Caveat Emptor Icon
Transfer agent verified
https://www.otcmarkets.com/stock/BNGI/overview
So how will the come off of the Expert Market?
I cannot confirm how true it is but someone who follows penny stocks mentioned to me that BNGI may lose its defunct status. If so, it would reflect on the otc.com site. Maybe it will be resuscitated. I do not know but will keep an eye on it. Good luck! Thanks.
As of today:
Caveat Emptor Icon
Expert Market
Dark or Defunct IconDark or Defunct
Caveat Emptor IconCaveat Emptor
https://www.otcmarkets.com/stock/BNGI/overview
Rick sold this shell years ago. WTF are you talking about?
I believe I was instrumental with getting this scam shut down with all the information I sent to the SEC and others.
RIck u crook nows he's on the discovery minerals (dscr) ticker trying to pump amd dump there. Haven't you and your long time crook friend Russell learned your lessons. Your gonna end up in jail dropping the soap in the shower...........
Warning! Unsolicited Quotes Only
Investors should be aware that no firm is making a market in this stock on OTC Link. All prices reflect unsolicited customer orders and investors may have a difficult time selling this stock. Click here for more info on Unsolicited Quotes.
Warning! This security is traded on the Expert Market
The Expert Market is a private market to serve broker-dealer pricing and best execution needs in securities that are restricted from public quoting or trading. Restrictions can be based on issuer requirements, security attributes, investor accreditation and/or suitability risks.
OTC Markets Group Inc. ("OTC Markets") has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware). OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol to inform investors that there may be reason to exercise additional caution and perform thorough due diligence before making an investment decision in that security.
The Caveat Emptor Designation may be assigned when OTC Markets becomes aware of one or more of the following:
Promotion — The security is the subject of stock promotion that may be misleading or manipulative. Promotional activities may include news releases, spam email, and newsletters, whether they are published by the issuer or a third party. See OTC Markets Group's Policy on Stock Promotion.
Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders.
Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
Other Public Interest Concern — OTC Markets Group may determine that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion campaigns (including third-party), unusual or unexplained trading activity, spam or disruptive corporate actions even when adequate current information is available.
OTC Markets will resume the display of this security’s quotes once adequate current information is made available by the issuer pursuant to the Alternative Reporting Standard or by the SEC Reporting Standard, and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.
SEC Charges Crowdfunding Portal, Issuer, and
Related Individuals for Fraudulent Offerings
Case is SEC’s First Involving Regulation Crowdfunding
FOR IMMEDIATE RELEASE
2021-182
Washington D.C., Sept. 20, 2021 —
BNGI T A VERIFIED TODAY https://www.otcmarkets.com/stock/BNGI/security
Looks like you were wrong again. How much were you paid to promote this scam or were you just bag holding?
Bunch of crooks , thieves and Liars !!@@ sCaMcOra
How long until they revoke this? Too bad the entire group did not wind up in Federal custody as Robert is a convicted felon.
How Nikki did not get disbarred is amazing.
Totally meaningless. Look at the number of shares and the PPS. $2.60 value.
Surfkast, I see there’s a little bit of volume today. Is it meaningless? Personally, speaking, I need .0009 to get my money back.
Has virtually not traded in years but I noticed today’s volume. Would appreciate your thoughts. Thanks.
To clean up shell.
There are companies that do take a challenge to clean up shell companies. Why? Because there are people who say it can’t be done and they may want to prove it can be done.
Nobody is pumping this stock.
It only trades if someone wants to clean out their account.
There are still share holders holding BNGI in their accounts.
But yes BNGI is junk and i knew it wasn’t the best company to invest in after being sent to expert trading, so i set a sell order after i bought it to sell 50% higher if the stock ran. The stock did run higher after i bought and i did make 50% on the shares i did sell.
Being on the expert market i and everyone else knew or should have know the risks.
Why would a company want a tainted shell when there are clean ones out there? Some even SEC ewporting.
At $0.000001 that’s $2. lmao
Any hope for BNGI be sold to another company and get the CE attempted to get get removed and come back?
Did the company officers abandon the company?
Is this just a shell company?
Can it get cleaned up by another company and new officers in a reverse merger?
I know SEC Suspension of trading on 2/23/2021
It traded on expert market and I still own 1,300,000 shares from 4/16/2021 @ a cost of $209.85 which is a very little amount of money for me to even worry about. Some of the CE stocks little by little one way or another are trying to get cleaned up.
Will it work for BNGI I don't know and hey great if something can get done for the investors still holding and hoping.
If not I will just keep holding.................................................and hoping one day to find someone trying to clean up the mess.
This is about another CE stock, maybe there is hope????
Looks like BNGI had more issues but the issues seemed to have been with officers of the company and others.
ENKS had issues and got the CE, but it was different issues.
Here is what is going on with $NTAC
ENKS became NTAC, look at what they are doing to try to save the company!
https://www.otcmarkets.com/otcapi/company/financial-report/359441/content
Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors
since inception:
Predecessor company ENKS - 18 months ago, *SEC Temporary Trade Suspension issued June
23, 2021 and lifted on July 7
th Midnight 2021 – OTC Markets classified the Company Caveat Emptor,
with the shares trading on the Expert Market, later moved off the expert market to Pink Limited then
Pink Current and sold thereafter to NTAC the current new company
*(note Broker Dealer 15c211 form section 3 para. (b) (2) indicated actions longer than 12 months
regarding predecessor companies are non-applicable items)
As a subsequent, the company after change of control – name change and change in
management – business and direction – the company was moved off the specialty market
back to the OTC PINK CURRENT Market and remains there today.
The company expects the CE status to be removed normal trade in the company shares as a
new company NTAC counsel and Staff are working to have the CE Removed within the scope
of 211 rules and new September 28 2021 rule changes.
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either
currently anticipated or that occurred within the past 12 months:
The Issuer - Company (ENKS) was sold to new investors, by its majority shareholder Mr. Benjamin Ballout and the
company was renamed to New Technology Acquisition Holdings Inc - recently in October 5
th whereby FINRA posted the
corporate action(s) on their disclosure page and on the OTC Markets site.
During May-September 2022 the company made various changes to the company bylaws and articles including the reversal
of the common share conversion styled above back to its initial May 2021 status, whereby these shares were then voted for
change in control name change sale of majority shares and other corporate actions mentioned above.
Well I was told I was spreading lies.
OOOPS, the SEC proved me right!
hahahaha
Good call surfkast. you were onto this POS since day 1.
Thanks!
Well I called it a scam from day 1. Then in December of 2018, I began sending in tons of information to the authorities because some questioned my factual DD.
Well, guess what. It was a proven, documented penalized scam!
Case is SEC’s First Involving Regulation Crowdfunding
FOR IMMEDIATE RELEASE
2021-182
Washington D.C., Sept. 20, 2021 —
The Securities and Exchange Commission today charged three individuals and one issuer with conducting a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding offerings. The SEC also charged the registered funding portal and its CEO, who placed the offerings on the portal’s platform.
According to the SEC's complaint, Robert Shumake, alongside associates Nicole Birch and Willard Jackson, conducted fraudulent and unregistered crowdfunding offerings through two cannabis and hemp companies, Transatlantic Real Estate LLC and 420 Real Estate LLC. Shumake, with assistance from Birch and Jackson, allegedly hid his involvement in the offerings from the public out of concern that his prior criminal conviction could deter prospective investors. The complaint alleges that Shumake and Birch raised $1,020,100 from retail investors through Transatlantic Real Estate, and Shumake and Jackson raised $888,180 through 420 Real Estate. Shumake, Birch, and Jackson allegedly diverted investor funds for personal use rather than using the funds for the purposes disclosed to investors. As alleged, TruCrowd Inc., a registered funding portal, and its CEO, Vincent Petrescu, hosted the Transatlantic Real Estate and 420 Real Estate offerings on TruCrowd's platform. Petrescu allegedly failed to address red flags including Shumake's criminal history and involvement in the crowdfunding offerings, and otherwise failed to reduce the risk of fraud to investors.
BNGI was the biggest OTC scam I went for, for sure. It's a lesson to not overlook or justify in the head some things that don't add up.
Even the PR they were preparing for OTCQB with their structure was ridiculous and the SEC even warns about the celebrity endorsement scam. Mathew Knowles as CMO taken advantage of as a dumbo saying he's invested, looking for shareholder ambassadors in the cities, and telling people to invest early and then disappearing quietly and going to teach a college class and always Tweeting leadership and growth crap on his Twitter while running from his own recommendations about BNGI.
I swear the SEC is probably just saying they give warnings about OTC risk so consider it as investor Darwin awards.
If it would have been Mr. T instead of Knowles this stuff going on would have been called out.
Good one! Sadly no one is in jail and Nikki still has her license.
I've been wondering what they can do here and think I have an idea.
What they do is to wait out a 5 year statute of limitations and then they can start a company where they do buy leaseback of marijuana properties on paper but rehab personal properties instead. They can also take a pool of investors online for several hundred each until the goal of one million dollars is reached and promise them a high yield ROI. When the payments aren't made they can make promises to them that they will give them some BNGI or whatever the new ticker change is and disappear for some years while they are working on it.
Will they ever get indicted by the Feds?
I called the scammers out from day 1!
Agree. 2 million @0.000001 is probably someone clearing their account.
It’s not the volume that matters it’s the dollar-volume that matters.
Surfkst, BNGI had a few million trade volume today. I thought it was not trading but saw today’s volume. Does it mean anything you think? Thanks.
Is NIKKI disbarred yet? Is Shoemaker being indicted?
It soon will be four years since I called out this scam and received some interesting correspondence. I was 100% right!
BANGI my screen shows .0009 anybody else see this?
Interesting right there…. Idk
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The Securities and Exchange Commission announced today the entry of final judgments against Nicole Birch, former CEO of crowdfunding issuer, Transatlantic Real Estate, LLC, SEC-registered crowdfunding portal, TruCrowd, Inc., and its CEO, Vincent Petrescu.
The SEC's complaint, filed on September 20, 2021 in the United States District Court for the Eastern District of Michigan, alleged that Shumake, alongside Birch, conducted a fraudulent and unregistered crowdfunding offering through Transatlantic Real Estate, a cannabis company. The complaint also alleged that Shumake and Birch raised $1,020,100 from retail investors through Transatlantic Real Estate. According to the complaint, Shumake, with assistance from Birch, hid his involvement in the offering from the public out of concern that his prior criminal conviction could deter prospective investors. Shumake and Birch allegedly diverted investor funds for personal use rather than using the funds for the purposes disclosed to investors. TruCrowd, and its CEO, Petrescu, allegedly hosted the Transatlantic Real Estate offering on TruCrowd's platform and hosted a crowdfunding offering for 420 Real Estate, LLC, a hemp company affiliated with Shumake and Willard Jackson. The complaint further alleged that Petrescu failed to address red flags including Shumake's criminal history and involvement in the crowdfunding offerings, and otherwise failed to reduce the risk of fraud to investors.
Without admitting or denying the allegations of the complaint, Birch consented to the entry of the judgment permanently enjoining her from violating the registration provisions of Section 5 of the Securities Act of 1933 and the antifraud provisions of Section 17(a) of the Securities Act and Sections 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Petrescu and TruCrowd, without admitting or denying the allegations in the complaint, consented to the entry of the judgments permanently enjoining them from violating the crowdfunding rules of Section 4A(a)(5) of the Securities Act and Rule 301(c)(2) thereunder. The judgments order: (i) civil penalties of $200,000, $9,700, and $97,500 against Birch, Petrescu, and TruCrowd, respectively; (2) disgorgement including prejudgment interest of $600,712 against Birch and $129,380 against TruCrowd; and (3) an officer and director bar against Birch.
In separate proceedings, based on the entry of their consent judgments, Birch and Petrescu also agreed to SEC orders entered on December 30, 2021. Birch was permanently suspended from appearing and practicing before the SEC as an attorney. The order prohibits Birch from representing clients in SEC matters, including investigations, litigation, or examinations, and from advising clients about SEC filing obligations or content. Petrescu was suspended from appearing and practicing before the SEC as an accountant, which includes not participating in the financial reporting or audits of public companies. The order permits Petrescu to apply for reinstatement after three years.
The SEC's litigation against Shumake, Jackson, and 420 Real Estate continues.
The Securities and Exchange Commission announced today that, on January 28, 2022, the Court in SEC v. Shumake, et al, entered bifurcated judgments against crowdfunding issuer, 420 Real Estate, LLC, and its CEO, Willard Jackson.
The SEC's complaint, filed on September 20, 2021 in the United States District Court for the Eastern District of Michigan, alleged that Shumake, alongside Jackson, conducted a fraudulent and unregistered crowdfunding offering through 420 Real Estate, a hemp company, on TruCrowd, Inc., a registered crowdfunding portal. The complaint also alleged that Shumake and Jackson raised $888,180 from retail investors through 420 Real Estate. According to the complaint, Shumake, with assistance from Jackson, hid his involvement in the offering from the public out of concern that his prior criminal conviction could deter prospective investors. In addition, Shumake and Jackson allegedly diverted investor funds for personal use rather than using the funds for the purposes disclosed to investors.
Without admitting or denying the allegations of the complaint, Jackson and 420 Real Estate consented to the entry of bifurcated judgments permanently enjoining them from violating the registration provisions of Section 5 of the Securities Act of 1933 and the antifraud provisions of Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Jackson also consented to the entry of an officer and director bar. The Court will determine monetary relief at a later date.
The SEC previously obtained final judgments against Defendants TruCrowd, Vicent Petrescu, and Nicole Birch. The SEC's litigation continues.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 91182 / February 22, 2021
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934, of trading in the securities of Bangi, Inc. (BNGI) (CIK No. 0001327238), a defaulted Nevada corporation based in Grosse Pointe Farms, Michigan at 9:30 a.m. EST on February 23, 2021 and terminating at 11:59 p.m. EST on March 8, 2021.
The Commission temporarily suspended trading in the securities of BNGI because of questions regarding the accuracy and adequacy of information about BNGI and its securities in the marketplace concerning, among other things, BNGI's activities, and potentially fraudulent trading activity affecting the market for its securities, including: (a) since at least mid-January 2021, certain social media accounts may be engaged in a coordinated attempt to artificially influence BNGI's share price; and (b) BNGI's share price and trading volume have greatly increased since at least mid-January 2021 in the absence of any publicly available news from BNGI.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to BNGI securities until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker-dealer or other person has any information that may relate to this matter, they should immediately contact Ana D. Petrovic, Assistant Regional Director, at (312) 886-8176. The Commission appreciates the assistance of the Financial Industry Regulatory Authority.
Warning! Unsolicited Quotes Only
Investors should be aware that no firm is making a market in this stock on OTC Link. All prices reflect unsolicited customer orders and investors may have a difficult time selling this stock. Click here for more info on Unsolicited Quotes.Warning! This security is traded on the Expert Market
The Expert Market is a private market to serve broker-dealer pricing and best execution needs in securities that are restricted from public quoting or trading. Restrictions can be based on issuer requirements, security attributes, investor accreditation and/or suitability risks.OTC Markets Group Inc. ("OTC Markets") has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware). OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol to inform investors that there may be reason to exercise additional caution and perform thorough due diligence before making an investment decision in that security.
The Caveat Emptor Designation may be assigned when OTC Markets becomes aware of one or more of the following:
OTC Markets will resume the display of this security’s quotes once adequate current information is made available by the issuer pursuant to the Alternative Reporting Standard or by the SEC Reporting Standard, and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.
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