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Check with your broker - there may be a worthless stock transaction you might be able to take to get your shares off your books. It is likely that the registration of CXAC will need to revoked first by the SEC. But I would ask you broker about all that.
Question for you guys... I have been here forever like many of you. I can remember flipping this and selling at .0016 and making a ton of cash..Ahhhhh, those were the days. Anyway, like the greedy pig I am, I bought more for another flip and I am stuck with 20 million shares and have finally accepted this is done like dinner.
So my question, (and I should know this but this is my first shit stock) can I just forfeit the stock and still get the tax deduction? I've never not been able to not sell a stock before.
Thank you in advance for any help or advice....
Drew
It cant come alive. The judgement against him makes it impossible for him to say or do anything.
JB NEVER FILED ANYTHING EVER. NOTHING.
PEEPS just gave their Money Away.
And when that dried up, JB tried and got caught doing a WRAP-AROUND AGREEMENT. Fake Debt Swapping.
TRYING to put cash into his back pocket.
JB's "Office" has ALWAYS been just a Mail Drop Box.
JB would never meet for a real Business Meeting.
Why?
BECAUSE CXAC WAS NEVER a REAL COMPANY.
what does that mean???? does it pertain to cxac????
Resign in favor of who? As far as I know, he's the whole company.
I've also made the mistake of recommending stocks in the past...never again. It never ends well.
it would seem that way, eh?
I hope it comes alive sooner than soon
Wow cxac done ...had some good times hear made one of my biggest score on this stock...
Am truly sorry for the guys here left holding..I know Firebag,INSUREMAN AND NWO AKA SEP' etc been around since day one.
One day this will come alive again like many before cxac.
GL GUYS.
FINISHED. Is this company no longer filling anymore SEC. Exchange commission fillings? Does that mean, he walked away from it? Can he simply do that, that easy?
Jorge sucks the big one. What a failure! Why isn't anyone doing anything with this company. Is it closed?
How right ya are matey....harrrr!
CXAC sleeps with the fishes
a rock is more alive
Great, now I can go back to sleep knowing I'm not alone..lol.
I have a position (boo) my brother has a position (double boo) and a friend I talked into it
Zzzzzz....what?...did someone say something? Thought I was all alone in this pos! lol.
He is other things, more so than that, I wont say them here though. He jacked some money, thats for sure.
Jorge is a yam bag
You would think he would have an interest somewhere in the stock of his own company. My thought would be this, he has debt secured by stock and only stock, if it doesnt move, he doesnt pay back. They may believe it will move again and that is why they hold out. I remember there were some huge 15mil chunks being hit in what looked like a commercial world. The MM they were using is typically an institutional MM.
Bud thanks for your posts. I agree he doesn't give a rats ass about us. But I'm sure he has some interest like stock wouldn't ya think? And if the stock price goes up it would benefit him right? IF he has stock?????
I wish I could send unicorns and butterflies. I try to give you all I know. Trust me, I wish this would come back too. 3 ticks and I am sitting on a huge pile of cash. Same as Firebag.
The free trials and all of that type of marketing doesnt do any good. Its expensive and a waste. He told me a year or two ago that the product was in stores like Great Clips and stuff now. Obviously its enough to pay his bills and allow him income to survive.
Dont know what else to say. I just hope he gets to a point where growth can become a reality in his mind, he just needs to get away from his current model. Its very 90's.
If you want my honest guess. I would say no. I think he is too lazy, wants to stay the expensive course with little return and has funds to run as it is. Therefore, I dont think he has time or need to do anything with the stock. After the conversations we had in the past and the way he is operating, he is doing it in a fashion that does not yield as well as it could. There are some less expensive marketing options that have worked for other companies. He spoke to a marketing guy that I know who specializes in this type of business and they have done very well for other companies. The companies are similar and sell BS things such as Diet pills etc. all over the world. The guy told me that Jorge would drastically increase sales and profits for less. Jorge never followed up or through. I have known this person for 8 years and he does not tell stories. The model made sense and I saw what they were doing with the lip and chapstick and diet pills. Crazy money being made. Oh well. Just my thoughts.
Jorge doesnt care about any of us.
thanks for sharing I guess
thats all i have and would say most have for this stock, is hope.....
So wtf!!!!!!??????? Is there hope for this stock yett????? Frick Its only been 4 goddamn years!!!!!!!!!!!!
I text him twice. He has never, not replied, until the last two text messages. I just called, got his voicemail. So its still on.
Interesting thing though is the address on the sites now. There is a new style of container too. See the 2nd link for that. Both have an MI address now. Link one shows it is still selling. Now he needs to get the stock back to work. What a punk.
http://webforhealth.com/re-juv-by-caci-reviews/
http://rejuvbycaci.com/index.html
http://rejuvbycaci.com/rejuv-essentials-anti-aging-system.html
Nothing floats here. Its all sunk and on the bottom of the ocean.
Any idea what the float of this turd is?
That is the problem. jorge needs to sell the shell but the SEC has restricted him from functioning in a public company. So he is not allowed to sell the shell. Catch 22.
If he has lost his shares there is a majority shareholder(s) out there somewhere. The company could have a shareholders meeting set up by the majority shareholder(s) and elect a CEO to sell the shell but it would still be needing a motivation.
That majority needs to spend the money to have the meeting but they probably dont know they are the majority holder.
I dont know enough about the rules in a convoluted situation like this to know if the above is even possible but the TA would be able to tell us who the majority shareholder is if we had a court order I would think.
My dad took a company public years ago, he bought a "clean shell" so, the shell is an asset, Jorge could get his butt out of trouble by doing what you said then selling the shell and we could be alright. I know there were some shareholders here with 10,20,30 mil shares and we never really broke the .0005 level, kissed 8 once, I think many were going to start selling at .001 .0015 etc and there ended up being serious bagholders.
When my dad was getting the shell,I think he paid like 100,000 for it plus fees, so it was more like 200,000 when he was done, and that was in the 1970's
Thanks for the PM. I had asked the SEC a while back what happens to the fines he pays. Their response was that IF he paid any fines they would go into an account of sorts and if there was any litigation the funds would be distributed to the plaintiffs.
The problem being he would probably go bankrupt and not pay anything. But if there were any court case the creditors would be paid first and the shareholders last.
That being said the question I asked and never received an answer to is if he is no longer allowed to be a CEO of a public company who is going to sell the shell?
I also don't know what happened to any shares he owned. The cancellation of his shares would be great for shareholders but I would guess it will be a few years before anything can be settled with the shell and someone has to be motivated to do it.
Basically the shareholders here are screwed and most likely the company will end up on an SEC scam list and be erased.
Wow The weird thing is that someone was carrying a white box that said REJUV on it about 6 months ago, I did not speak to them but I thought maybe Jorge is working to get things straightened out. Well, at least he was paying creditors with the "ill gotten gains" he was probably way over his head getting into this business in the first place, gotta be careful in sub penny pink world. I remember the infomercial that aired on TV a few times, this could of been a winner if handled right. I am printing your post of the news for my tax file. Thanks and a person mark too for your information
well I guess there is nothing left here, no website or anything no ceo and to make matters worse this isn't even a empty clean shell, and it still has the DTCC freeze hanging over it.
I've been saying it for years @ one point I took a lot of heat over it
the man is truly a piece of shit
period
Jul 25, 2013 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via
COMTEX) -- On July 23, 2013, the Commission filed settled charges against
Florida resident Jorge Bravo, Jr., for unlawful sales of millions of shares of a
microcap company to the public without complying with the registration
requirements of the Securities Act of 1933.
According to the SEC's complaint filed in the U.S. District Court for the
Southern District of New York, from April 2009 until May 2010, Bravo unlawfully
sold approximately 93 million shares of stock of AVVAA World Health Care
Products, Inc. in unregistered transactions for proceeds of approximately
$523,000. The complaint alleges that Bravo obtained the shares through three
"wrap around agreements." The wrap around agreements involved debts that AVVAA
supposedly owed to its officers, affiliates, or other persons closely associated
with the company (Affiliates) for unpaid compensation for services rendered.
Under the wrap around agreements, the Affiliates assigned to Bravo the debts
that AVVAA purportedly owed to them, and AVVAA consented to the assignment and
agreed to modify the terms of the original debt obligation so that the debts now
owed to Bravo were immediately convertible into shares of AVVAA common stock.
According to the complaint, within weeks of entering into the first two
agreements, and approximately four months after the execution of the third,
Bravo began selling the shares he obtained under the agreements to the public.
He then used some of the proceeds of the stock sales to pay the amounts owed to
the Affiliates under the wrap around agreements. The complaint further alleges
that Bravo had previously been involved in wrap around agreements, in his
capacity as of president and chief executive of Cross Atlantic Commodities,
Inc., a public company located in Weston, Florida, and that those wrap around
agreements were subjects of a prior Commission enforcement action, SEC v. K&L
International Enterprises, Inc., 6:09-cv-1638-GAP-KRS (M.D. Fla. Sept. 24,
2009). Bravo was not charged in that matter.
Without admitting or denying the SEC's allegations, Bravo agreed to settle the
case against him by consenting to the entry of a final judgment permanently
enjoining him from future violations of Sections 5(a) and 5(c) of the Securities
Act; permanently enjoining him from participating in any offering of penny
stock; and requiring him to pay disgorgement of $ 392,000, the amount of his
ill-gotten gains, plus prejudgment interest of $ 53,866 and a civil penalty in
the amount of $150,000. The settlement must be approved by the court.
The SEC's investigation was conducted by New York Regional Office Enforcement
staff Karen Lee, Christopher Ferrante, and Leslie Kazon. The Commission
acknowledges the assistance of FINRA, the British Columbia Securities
Commission, and the Ontario Securities Commission in this matter. (LR-22756)
Copyright (C) 2013 Federal Information & News Dispatch, Inc.
Wasn't it posted here if you scroll down someone posted about mr.bravo.
you know this for sure dan?
They already did, Mr.Bravo's days are over at CXAC and him being CEO of any penny stock he's in jail, and been fined heavily.
You can run, but you can't hide Jorge. They will get you..
well since today is labor day and no one knows where he is I imagine he has just been laboring around....LOL.
Does anyone actually know where he's at or has he just ran with our money and stepped off the face of the earth? Haven't heard a peep from him in over what two years now..
Jorge needs to be working on his stretching exercises, and crossing his ankles behind his neck.
Anyone know the words to "Here comes the Bride"?? I'm sure Bubba does...lol.
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Re-juv by Caci was created because of a demand for high quality, affordable, anti-wrinkle beauty-restoring essentials. Our Cosmetic Chemists at Re-Juv by Caci have formulated and designed specialty anti-wrinkle creams for beautifying your skin by tremendously helping to hide, and even eliminate those fine lines and unwanted wrinkles. These anti-wrinkle creams are expertly formulated to be very safe, yet effective to ensure satisfaction for anyone seeking softer, smoother, healthier looking skin at any age. The Re-Juv Essentials, the 3-product combo that you have been waiting for, that you have been hoping for, is here! Three amazing products that will effectively and safely improve your skin, making it softer, smoother, more even-toned, younger-looking. Wrinkles? No problem! For temporary relief, just apply Re-Juv Instant Results and in seconds you will see most fine lines have disappeared, and most wrinkles look greatly reduced. You look younger, instantly. For more lasting wrinkle reduction noticeable in 2-3 weeks, and to make your skin feel softer, smoother, more resilient and even-toned, apply Re-Juv Night Cream before bedtime for the miracle to happen. Then, in the morning, after cleaning your face and neck, apply Re-Juv Day Cream for protecting your skin from the pollutants and contaminants in the air, against the dangers of sunlight and heat or cold, making your skin much smoother and softer.
http://www.rejuvbeauty.com/
http://www.crossac.com
September 02, 2009
Cross Atlantic Commodities, Inc. a successful manufacturer of specialty health and beauty products, announced today the launch of a new and
major Internet marketing program. "Combining the efforts of two leaders in Internet marketing, ClickBooth and Online Performance Marketing, LP, with the necessary resources and the proven marketing program for RE-JUV by Caci. will be a successful formula to drive new customer acquisition cost effectively," said Jorge Bravo, CEO. Online Performance Marketing will promote our product on major search engines such as, Google, Yahoo and Bing, using their latest technology to drive internet shopping traffic through optimized clicks, phone calls and conversions to generate a marked increase in our product sales. The company expects to expand both Brand recognition and continuity of sales. "We have now put together all the elements that are needed to grow our products and sales pipeline as never before," said Bravo. The Company estimates that it will add $500,000 in revenue growth by year-end 2009, and estimates the largest growth to come in years 2010 and 2011; topping $5 million in revenue growth by year-end 2010 as it adds additional brands to its line-up. According to a report from market research company Global Industry Analysts, the market for anti-aging products is predicted to reach an astounding $115.5 billion by 2010. The report notes that both changes in lifestyle and grooming practices are occurring amongst consumers in an attempt to fight against aging and to minimize its visible effects. The report further concludes that younger consumers - those aged between 25 and 30 - are progressively more interested in anti-aging products, particularly topical skin treatments. This is leading to an increase in spending on anti-aging products, which in addition to an ever younger consumer base, result in improved market opportunities for our evolving suite of products.
September 04, 2009
1. Both programs with Clickbooth and Online Performance Marketing, LP have been successfully launched and we are tracking our order flow. We will follow up with actual sales figures in approximately 15-20 days.
2. Within 15 business days we will be updating our financials to have them current, and have our outside counsel issue an Opinion Letter on our Disclosures and Financials to receive Pink Sheets Preferred Status. This will remove any trading restrictions at most firms and we hope that by Year's end we can apply to the OTCBB to again raise our profile to a larger investing audience.
3. We will update the investing community in the next 20 days via a National press release on the joint venture deal with a second product line. Our manufacturer has costed the product and we should have preliminary samples ready within two weeks. After they are approved for sale to the public we will announce our deal. The product was sold nationwide via, infomercial, major retail chains including Wal- Mart, CVS and Walgreen's and historically reached total volume of 45 million dollars over a seven year period. The patent owner is unable to produce the product and CXAC believes that with our Internet marketing network we can revive the line with minimal effort. The gross profit margins on this product based upon the historical data exceeded 65% on an annualized basis and the market cap for the product line exceeds 175 million dollars.
NEW PRODUCT by CACI
SNORenz
Finally we are on the verge of launching our new product: SNOR-ENZ! This product was sold throughout the US
and Europe and is being revived by our Company. It will add significant
revenue to our bottom line and was the industry leader several years ago. There is nothing in the market that can
compete with the product and our commercial launch is imminent.
NEWS OUT!!!!!
Cross Atlantic Commodities, Inc. (CXAC.PK), a successful manufacturer of specialty health and beauty products, announced signing a distribution agreement with the holders of the Snorenz patent. Snorenz(R) is a nationally well known snoring product.
"We have done our homework on Snorenz(R) and are very excited about the research that the previous company has done and the size of the snoring category", states Jorge Bravo President / CEO. In 2002, the Company completed a double blind study at Northwestern Hospital's Sleep Center in Atlanta, GA, under the direction of Dr. Samuel Mickelson of the Advanced Ear Nose and Throat P.C. The results of that study concluded that SNORenz(R) is an effective product to reduce the noise associated with snoring. We will begin marketing Snorenz, first through Online Marketing, Pay Per Search and Affiliate Marketing Programs. Within the next few weeks our new Snorenz website will be live.
http://crossac.com/
Florida Atlantic Stock Transfer Inc.
7130 Nob Hill Road
Tamarac, FL 33321
last TA update, September 24th, 2009
Authorized Shares (AS) = 6,500,000,000
Outstanding Shares (OS) = 6,499,953,268
Sept 28 2009 Filing for CXAC
http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24648
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