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CLRH: (courtesy SCION)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119194457
SEC Files Charges in Multi-Million Dollar Market Manipulation
FOR IMMEDIATE RELEASE
2015-279
SEC complaint
http://www.sec.gov/litigation/complaints/2015/comp-pr2015-279.pdf
Washington D.C., Dec. 15, 2015 — The Securities and Exchange Commission today charged a New Jersey man and his company with illicitly pocketing $13 million from an elaborate pump-and-dump scheme.
The SEC alleges that Samuel DelPresto teamed up with others to secretly obtain control of substantially all available stock in four microcap companies and to facilitate coordinated trading that created the appearance of liquidity and market demand for the stocks. After unwitting investors were enticed through promotional campaigns to buy the stock at inflated prices, DelPresto dumped his shares on the market.
“The series of fraudulent schemes alleged in our complaint enticed unwitting investors to pay inflated prices for four companies secretly controlled by DelPresto and others and then left the investors holding the bag when the manipulative activity ceased and the stock price dropped,” said Andrew M. Calamari, Regional Director of the SEC’s New York office.
In a parallel action, the U.S. Attorney’s Office for the District of New Jersey today announced criminal charges against DelPresto.
According to the SEC’s complaint, the microcap companies manipulated by DelPresto were: BioNeutral Group (BONU), NXT Nutritionals Holdings (NXTH), Mesa Energy Holdings (MSEH), and Clear-Lite Holdings (CLRH).
The SEC’s complaint charges DelPresto with violations of the antifraud provisions of the federal securities laws. The complaint seeks a permanent injunction, disgorgement of ill-gotten gains along with prejudgment interest, financial penalties, and a penny stock bar.
The SEC’s continuing investigation is being conducted by Rhonda L. Jung, Teresa A. Rodriguez, Melissa Coppola, Nancy A. Brown, Adam S. Grace, and Wendy B. Tepperman of the New York office. The SEC’s litigation will be led by Ms. Brown and the case is being supervised by Lara Shalov Mehraban. The SEC appreciates the assistance of the U.S. Attorney’s Office for the District of New Jersey, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.
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http://www.sec.gov/news/pressrelease/2015-279.html
No surprise. No filings, SEC suspensions and going to the grey market is familiar territory for Ault and Edwards.
CLRH SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-72450.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-72450-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-72451.pdf
Possibly the final nail in the coffin.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540714936#.UvEXA413vIU
SEC Continues Microcap Fraud Crackdown, Proactively Suspends Trading in 255 Dormant Shell Companies
FOR IMMEDIATE RELEASE
2014-21 Washington D.C., Feb. 3, 2014 — The Securities and Exchange Commission today announced the latest actions in its microcap fraud-fighting initiative known as Operation Shell-Expel, suspending trading in 255 dormant shell companies ripe for abuse in the over-the-counter market.
Pump-and-dump schemes are among the most common types of fraud involving microcap companies. Perpetrators will tout a thinly-traded microcap stock through false and misleading statements about the company to the marketplace. After purchasing low and pumping the stock price higher by creating the appearance of market activity, they dump the stock to make huge profits by selling it into the market at the higher price.
Since Operation Shell-Expel began in 2012, the SEC Enforcement Division’s Office of Market Intelligence has been cleaning up the microcap marketplace by scrutinizing penny stocks nationwide and identifying clearly inactive companies. This has enabled the SEC to proactively suspend trading in several hundred dormant shell companies before fraudsters have an opportunity to manipulate them.
“A frequent element in pump-and-dump schemes has been the use of dormant shells,” said Andrew J. Ceresney, director of the SEC Enforcement Division. “Because these shells all too often are used by those looking to manipulate stock prices, we will continue to protect unwary investors by suspending trading in shells.”
Today’s massive trading suspension involves dormant shell companies uncovered in 26 states and two foreign countries. Once a stock has been suspended from trading, it cannot be relisted unless the company provides updated financial information to prove it is still operational. It is extremely rare for a company to fulfill this requirement, so the trading suspension essentially renders the shells worthless and useless to scam artists.
“Policing this sector of the markets can be a challenge,” said Margaret Cain, a microcap specialist in the Office of Market Intelligence. “There is often little or no reliable information about a microcap issuer, and the sheer number of these companies stretches law enforcement resources thin and makes this sector particularly dangerous for investors. The approach we take with Operation Shell-Expel is both economical and efficient as the SEC continues its commitment to preventing microcap fraud.”
In addition to Ms. Cain, the Operation Shell-Expel initiative has been led by William Hankins, Robert Bernstein, Victoria Adraktas, Jessica P. Regan, Leigh Barrett, John Gibbons, and Megan Alcorn in the Office of Market Intelligence with assistance from the Enforcement Division’s Delinquent Filings Group. The SEC appreciates the assistance of the FBI’s Economic Crimes Unit.
Don't believe any rumors. This stock didn't have a chance, given the corrupt management that was/is involved.
Anything to the rumors?
hearing rumors. please PM me if you are also. tia
Probably dumping.
Lots of volume in this one today. Anyone know why?
Book em Danno. They need to put a stop to Milton "Todd" Ault III, Michael Edwards and that whole gang of thieves.
Clear-Lite Nevada SoS Status Change: Revoked
The status changed overnight from Default.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=V1WPAkebKsabBNtI1XpcmQ%253d%253d&nt7=0
Technically, the company can no longer conduct business in the State.
The company is now subject to delisting by SEC administrative action. Note, this could come at any time through an initial action of trading suspension with hearing. The problem is more of process time/timing, due to requirement of an administrative hearing (they tend to do these suspensions in batches). The hearings are normally scheduled about 60 days from suspension in the NY office where they added (at least) one more Judge in the past several years to catch-up.
What's most interesting is the possibility of transfer of corporate legal liability to the former officers of the corporation. That appears to be possible under NV law.
http://www.answerbag.com/q_view/735790
SEC....it's a good time to make this mess public (IMO).
People need some Morals & Ethics here
They put so much time & effort into those mailers, sugar-coating & glossing everything
too bad they cant be decent people
Anyone notice this? Michael Edwards was CEO/President of AGEL until a couple of months ago.
Most likely that Michael Edwards will resign. He did that with another company that he was the sole officer for. Not a good sign that this is in default.
Still hold all my shares in this one! Did not post for a while, so lost my mod-assi postion!
GO CLRH!
PennyFans
needs a catalyst bud...just have to keep checking the sos for new officers to be listed.
Still holding, eventually someone will move into this low A/S, float stock.
Still nothing going on at the sos HIFI...long term hold here until they get something going again.
The people in charge now of this are just as crooked, only not as smart.
Another month, another misrepresentation that Thomas J. Irvine is associated with this. When will this get removed?
CLRH was a scam (Charles Payne) built on top of a scam started by the eco-terrorists in government (during the Bush years, calm down). The curly bulbs were mandated by the Gov... How could it fail? Turned out CLRH basically didn't exist. Charles Payne new this when he touted it... and really should be put in jail. Then O'bama decided to let Phillips ($50 light bulbs) squeeze what's left out of this non-existent industry (Wonder what stake W.Buffett has in Phillips btw). Anyway I fell for it and lost a bunch. Live and learn: When Government gets in bed with Industry... only the Crony's win. (See: Healthcare, GM Bailout, Wall Street Bailout, Solyndra, et al)
Better luck next time.
Looks like a big fat default on everything happened.
No, I don’t believe in that, someone just did that to get us at .001.
An order for 911 shares at .001 occurred a few minutes ago. Isn't this a MM signal? CLRH
.02 to .10 with the share structure
we'll def keep a close eye on it...with only 195M A/S it can mean some nice cash for us:)
That would be great $$,$$$
sos has resignation of officers...maybe they'll be reinstating with new ones soon with a name change:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=V1WPAkebKsabBNtI1XpcmQ%253d%253d&nt7=0
This stock already has pumpers on this board. Mix that with the fact that information on the iBox is outdated with misleading info and a statement from a president that has long left the company. Recipe for disaster.
how can this slug trade?
no current anthing:financials or sec required docs
beats the he** out of me......................
I'm very sorry Jeff. Please ignore the long outdated info on the iBox and please check the SEC filings for prior messages on this board for information on current management. Also make sure yout do DD on Milton Ault III and Michael Edwards to know what you're going up against.
It usually is quiet, but it won’t take much volume to turn this up.
It won’t take much to send this one with a 195mil A/S.
Nice to see you here Jeff, slowly moving up for some time now. It won’t take much to send this one with a 195mil A/S.
CLRH Picked some up earlier today. I'm thinking $494 would take out ETMM's stash at .001.
FWIW
SEC Files CT ORDER on Clearlite-Corestream Document
SEC has offically denied Confidentiality Treatment on that Oil Well deal contract, and we may now finally get to see anything material for Clearlite that was in the black-out.
Here's the CT Order (PDF):
http://www.sec.gov/Archives/edgar/data/1085129/999999999712000346/filename1.pdf
Here's the exhibit (with Ault's signature for Clearlite Holdings):
http://www.sec.gov/Archives/edgar/data/1085129/000113175411000044/exhibit101.htm
Note, Clearlite Holdings did not file 8-K on the deal (signed by Ault), nor was the deal recorded as (after end of quarter) material event in the Clear-lite 10-Q filed (signed by Niedermeyer) a few days before SEC Suspension of Corestream. If there is anything material for Clear-lite .... it's a SOX problem.
SEC may be getting ready to take-off the gloves on this mess.
AGAIN: No current nor any prior position, Long/Short.
Oh course, thanks to certain people on this board, a lot of folks didn't see this coming, given the optimistic statement from a long gone CEO and outdated facts on the ibox.
Shorts apparently saw that Default coming on Friday.
20120113|CLRH|1071700|0|1071700|O
100% Short on those 1,071,700 shares.
Clear-Lite Nevada SoS Status Change: Default
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=V1WPAkebKsabBNtI1XpcmQ%253d%253d&nt7=0
The Default is in failing to pay $375 in annual fees, $200 for their Business License and $175 for List of Officers, both due on 12/31/2011.
The Holding company is now on path to dissolution. This abandonment follows the Florida Tag Industries subsidiary abandonment and dissolution last September. While Nevada does allow continuance for one year in Default status, they no longer are in "Good Standing".
It would be nice to see the people that are buying, also posting on the board.
Someone load every shares in the range 0.0006 and 0,0010!
agree HIFI...we could definitely use something to get the momo back in. It's a low enough authorized to make a fast move when something does hit!
A new plan would get people interested in this stock again, holding and waiting for some good news.
with the website now down...maybe they're getting ready to announce a new plan of action with CLRH. Watching pinksheets and the sos closely:)
I don't recall direct sales off their website.
They did sell Clearlite on 1000bulbs, Amazon, and officedepot .com sites.
There are links in the iBox that did show direct linkage to what was sold at each. My last look showed no bulbs and only a lamp at 1000bulbs, six types of bulbs left at Amazon, and six types of bulbs (by the case) at officedepot....from my notes. However, if you check Amazon, one of the six sellers was actually 1000bulbs (probably clearance). Amazon was dropping gradually and some were only showing 10 or so left in each category. officedepot was special order only, if I recall correctly. That one has me thinking they may be selling the private label from other companies and/or direct from the manufacturer. I posted a possible real source some time back as a good candidate. I do see them selling on alibaba from other company names with Canada connections.
The Irvines (father/daughter) are Canadian. In fact, they attempted to reverse merge Tag Industries into a TSX exchange stock before they did the Nevada shell reverse merge. That TSX deal fell apart because they couldn't raise the money. Note the reference to opening offices, including Ontario. I-95 Snow Birds, perhaps.
http://www.marketwire.com/press-release/Blue-Vista-Announces-Reverse-Take-Over-With-TAG-Industries-788135.htm
I'm uncertain that any prior retailer ever had in-store sales. I do recall a PR back in Sept 2010, but no confirmations from some Chicago area chain.
That’s got to suck when you can’t get all the shares you want at .0005
Isn't that how they mostly did business, through the website??
Clearlite website is gone.
Been gone for several days, so I'm betting they only paid Host fees through the end of 2011. Could be an outage; but I doubtful of that, given that it resolves to so many other hosted services.
http://www.clearlite.com/
The registration for the .com is good until Jan 2015, so we'll have to watch and see if they transfer the registration from the defunct Tag Industries to another one of their Corps. in Florida or Canada. If they transfer, it might be a clue to where sales (if any) have gone or were made off Tag's books.
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http://www.clearlite.com/ (Website No Longer Running)
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Recent News:
09/15/10 http://dev.ir-site.com/images/library/master/edgar/story.aspx?symbol=CLRH&story=33988309 (Link Dead)
09/13/10 http://dev.ir-site.com/images/library/master/edgar/story.aspx?symbol=CLRH&story=33938507 (Link Dead)
08/09/10 http://markets.financialcontent.com/ir/?Module=MediaViewer&GUID=14207618&Ticker=CLRH
07/29/10 http://markets.financialcontent.com/ir/?Module=MediaViewer&GUID=14066030&Ticker=CLRH
07/20/10 http://markets.financialcontent.com/ir/?Module=MediaViewer&GUID=13923840&Ticker=CLRH
Form | (Filer) | Received ( Period ) | |
8-K | CLEAR-LITE HOLDINGS, INC. | 05/06/11 (05/06/11) | |
8-K | CLEAR-LITE HOLDINGS, INC. | 05/02/11 (04/27/11) | |
10-K/A | CLEAR-LITE HOLDINGS, INC. | 04/18/11 (12/31/10) | |
10-Q | CLEAR-LITE HOLDINGS, INC. | 03/22/11 (01/31/11) | |
8-K | CLEAR-LITE HOLDINGS, INC. | 03/22/11 (03/21/11) | |
10-K/A | CLEAR-LITE HOLDINGS, INC. | 03/27/11 (07/31/10) | |
NT 10-Q | CLEAR-LITE HOLDINGS, INC. | 03/17/11 (01/31/11) | |
D | CLEAR-LITE HOLDINGS, INC. | 03/01/11 | |
8-K | CLEAR-LITE HOLDINGS, INC. | 02/23/11 (02/17/11) | |
RW | CLEAR-LITE HOLDINGS, INC. | 02/16/11 | |
8-K | CLEAR-LITE HOLDINGS, INC. | 02/09/11 (02/04/11) | |
10-K/A | CLEAR-LITE HOLDINGS, INC. | 02/02/11 (07/31/10) | |
10-Q | CLEAR-LITE HOLDINGS, INC. | 01/19/11 (10/31/10) | |
8-K | CLEAR-LITE HOLDINGS, INC. | 01/12/11 (12/31/10) | |
NT 10-Q | CLEAR-LITE HOLDINGS, INC. | 12/15/10 (10/31/10) | |
S-1/A | CLEAR-LITE HOLDINGS, INC. | 11/30/10 | |
10-K | CLEAR-LITE HOLDINGS, INC. | 11/15/10 (07/31/10) | |
NT 10-K | CLEAR-LITE HOLDINGS, INC. | 10/29/10 (07/31/10) | |
S-1 | CLEAR-LITE HOLDINGS, INC. | 08/24/10 | |
D | CLEAR-LITE HOLDINGS, INC. | 08/06/10 |
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