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Yes he is a bad guy. But also a few posters who have lured in the unsuspecting newbies. They kept yelling naked shorts and we will be on the SHO list. And in 5 months the S/O went from 1/2B to over 4.5B. I see on RB they ran off stocks and trader. Can you imagine over 4000 posts in 4 months. And he burried them but good with THTHF
orangeman ,he will be in jail soon .his office will be a cell from now on
If you listened to me, you did not buy stock in this company. Any company that files 7 S 8s in less that a year is living of off the S/H backs. I have a feeling John Chapman wont be the CEO much longer plus the office has been moved out of his house.
CHAPMAN J soon to jail for fraud link:
Litigation Release No. 19201 / April 21, 2005
Securities and Exchange Commission v. Allen Z. Wolfson, et al., 2:02 CV-1086 (TC) (D. Utah)
John R. Chapman Permanently Enjoined in SEC Fraud Action
The Securities and Exchange Commission announced today that on April 15, 2005, in the Commission's Freedom Surf market manipulation action in U.S. District Court in Salt Lake City, one of the defendants, John R. Chapman, was permanently enjoined from violating the antifraud and registration provisions of the federal securities laws; permanently barred from participating in any offerings of penny stock; and ordered to pay a total of $201,499, plus post-judgment interest.
Chapman, a resident of Salt Lake City, consented to the entry of the judgment against him without admitting or denying the allegations in the Commission's complaint. He is the fifth of the original 17 defendants in the Freedom Surf action to settle the charges against them. The action remains pending against 12 other defendants.
The Commission's complaint, filed on September 30, 2002, alleges that Chapman engaged in a scheme with other defendants from at least July through October 2000 to manipulate the price of the stock of Freedom Surf, Inc., a start-up company with offices in Huntington Beach, California. During this time period, Allen Wolfson, one of two coordinators of the manipulation, controlled certain brokerage accounts in the U.S., and Chapman had trading authority over five Canadian brokerage accounts. Chapman and Wolfson, through these accounts, engaged in a series of illegal matched trades that artificially increased the price of Freedom Surf stock. Allen Wolfson then sold a block of Freedom Surf stock at a discount to a retail broker, which in turn marked up the stock and sold it to investors. Chapman also participated in the unregistered sale of Freedom Surf shares out of the Canadian accounts between March and June 2001.
The judgment entered against Chapman enjoins him from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Exchange Act Rule 10b-5. It also permanently bars him from participating in any offering of penny stock; and orders him to pay $64,714 in disgorgement, $16,785 in prejudgment interest and a $120,000 penalty into a district court fund, for total payments of $201,499 plus post-judgment interest.
For more information about this case, see the Commission's Litigation Release No. 17756, dated September 30, 2002; Litigation Release No. 18486, dated December 3, 2003; Litigation Release No. 18230, dated July 14, 2003; Litigation Release No. 18646, dated March 29, 2004; Litigation Release No. 19054, dated January 27, 2005.
You said plenty of bashers sitting in jail. Post the link so everyone can see that you know what you are talking about. Hey have you noticed Stocks and trader was run off of RB They want to lynch the idiot 4,000 posts in 4 months HA HA
greedy/orange, why are you still here? will you remain if this is halted? will you post more often if the pps climbs? are you paid to post here? or do you benefit when someone sells @ market price below .0001? do you get to buy your shares @.00002 sometimes? do you even live in America?
on second thought, don't even bother answering................
As everyone can see there is NO BID The touts did a number on you guys!! The only possible way to get out is put in a market sell order, but you will be at the mercy of the MM. Next time you get involved in a penny stock always check first to see if they have filed more that one S 8 yearly. If the answer is yes run.
R/S protection When will DFLR R/S again
http://www.investorshub.com/boards/board.asp?board_id=3017
REVERSE SPLITS ON RECORD
ADDI - Addison-Davis Diagnostics, Inc. Reverse Split History
Symbol Split Ratio Date
QTFI 1:150 R/S 11/26/2004
1:10 R/S 04/26/2004
1:150 R/S 04/02/2001
________________________________
AGRI - AuGRID Corp. Reverse Split History
Symbol Split Ratio Date
AGRD 1:100 R/S 10/07/2004
AGRD 1:50 R/S 07/24/2002
AGRD 1:50 R/S 07/24/2002
_________________________________
AVNAE - Advance Nanotech, Inc Reverse Split History
Symbol Split Ratio Date
ABYDE 1:100 R/S 12/02/2004
DYNM 1:20 R/S 02/10/2004
_________________________________
AWBD - American Way Home Based Business Systems, Inc Reverse Split History
Symbol Split Ratio Date
AWHB 1:300 R/S 11/23/2004
DCGX 1:100 R/S 04/12/2004
DCGR 1:25 R/S 11/18/2002
DCIH 1:200 R/S 12/21/2001
DCGR 1:30 R/S 09/11/1998
_________________________________
AXAIE- Axia Group, Inc. Reverse Split History
Symbol Split Ratio Date
AXAGE 1:500 R/S 02/01/2005
AXGR 1:1000 R/S 10/18/2004
AXIA 1:30 R/S 05/19/2003
_________________________________
DDYN - Dark Dynamite, Inc Reverse Split History
Symbol Split Ratio Date
DRKD 1:2000 R/S 11/17/2004
1:200 R/S 05/07/2003
1:25 R/S 01/18/2002
1:100 R/S 07/06/2000
_________________________________
DFLR - Diversified Financial Reverse Split History
Symbol Split Ratio Date
DFRC 1:1000 R/S 11/01/2004
DVFR 1:200 R/S 02/07/2003
_________________________________
GAWD - Gateway Distributors Reverse Split History
Symbol Split Ratio Date
GAWY 1:1000 R/S 12/20/2004
GWAD 1:1000 R/S 09/03/2004
GWDL 1:900 R/S 06/28/2004
GWYD 1:3000 R/S 04/16/2003
GTWY 1:25000 R/S 12/06/2002
_________________________________
GBMK - Global Business Markets, Inc. Reverse Split History
Symbol Split Ratio Date
GBMI 1:200 R/S 11/02/2004
CSUO 1:25000 R/S 05/12/2003
CSOU 1:25000 R/S 12/23/2002
PAXM 1:10000 R/S 07/08/2002
_________________________________
GFYD - GFY Foods Reverse Split History
Symbol Split Ratio Date
GFYO 1:10,000 R/S 02/08/2005
GFYI 1:1000 R/S 09/01/2004
GFYF 1:250 R/S 07/13/2004
FTTI 1:300 R/S 12/03/2002
_________________________________
GLKC - Global Links Reverse Split History
Symbol Split Ratio Date
GOBC 1:350 R/S 02/01/2005
GBLL 1:350 R/S 10/08/2004
GLNK 1:40 R/S 04/16/2003
UTDT 1:8 R/S 12/21/2001
_________________________________
GMCI - Green Mountain Reverse Split History
Symbol Split Ratio Date
ARSK 1:1000 R/S 09/24/2004
ARSW 1:50 R/S 06/21/2004
ARES 1:50 R/S 03/26/2003
_________________________________
GMSV - Global Materials & Services Inc Reverse Split History
Symbol Split Ratio Date
AFRD 1:2000 R/S 01/06/2005
AFRN 1:2000 R/S 11/01/2004
AFRT 1:250 R/S 09/01/2004
AFRR 1:250 R/S 03/22/2004
AMFR 1:200 R/S 06/27/2003
AFRC 1:10 R/S 09/12/2002
_________________________________
GMZP - GEMZ Corporation Reverse Split History
Symbol Split Ratio Date
GMZC 1:100 R/S 05/24/2004
MSMJ 1:125 R/S 05/22/2003
AMJC 1:7000 R/S 06/17/2002
AMJY 1:300 R/S 05/02/2001
UVGI 1:300 R/S 10/07/1998
_________________________________
GSNC - GLOBAL ESCIENCE CORP Reverse Split History
Symbol Split Ratio Date
GLBE 1:100 R/S 02/02/2005
GLOW 1:5 R/S 06/19/2001
_________________________________
GTPC - Global Trade Portal Corp. Reverse Split History
Symbol Split Ratio Date
HYVR 1:1000 R/S 01/24/2005
HYER 1:5 R/S 08/20/2001
_________________________________
IDGC - Indiginet Inc. Split History
Symbol Split Ratio Date
IDGN 1:1000 R/S 12/01/2004
IDGE 1:250 R/S 08/16/2004
IGTT 1:250 R/S 08/13/2003
_________________________________
IVHN - Innovation Holdings Split History
Symbol Split Ratio Date
IVHL 1:1000 R/S 12/01/2004
IVHO 1:6000 R/S 10/27/2004
INOV 1:500 R/S 04/23/2004
BMII 1:5000 R/S 03/10/2003
_________________________________
LBTN - Lifeline Biotechnologies Split History
Symbol Split Ratio Date
LBTT 1:150 R/S 10/22/2004
LBTI 1:200 R/S 05/21/2003
LBTI 1:50 R/S 07/08/1998
_________________________________
LVSG - Livestar Entertainment Split History
Symbol Split Ratio Date
LSTE 1:2000 R/S 11/09/2004
LSTA 1:1000 R/S 09/02/2004
_________________________________
MMON Marmion Industries Corp. Reverse Split History
Symbol Split Ratio Date
MRMN 1:500 R/S 11/19/2004
PRCT 1:2 R/S 11/26/2002
PCMT 1:100 R/S 04/04/2001
_________________________________
PCOR - Pacel Corp. Reverse Split History
Symbol Split Ratio Date
PCCL 1:100 R/S 09/13/2004
PACC 1:100 R/S 02/25/2004
PCEL 1:30 R/S 03/17/2003
PLRP 1:100 R/S 04/07/2002
PLRPD 1:4 R/S 10/07/1999
_________________________________
PLMI - Palomar Enterprises Reverse Split History
Symbol Split Ratio Date
PALL 1:1000 R/S 11/09/2004
PALR 1:100 R/S 06/21/2004
_________________________________
PTSN - PTS, Inc. Reverse Split History
Symbol Split Ratio Date
PTSO 1:500 R/S 09/20/2004
ELTI 1:20 R/S 06/29/2001
ESTG 1:10 R/S 12/20/2000
_________________________________
RVNM - Raven Moon Intertainment Inc Reverse Split History
Symbol Split Ratio Date
RMOO 1:50 R/S 07/10/2003
RMOO 1:10 R/S 06/30/1999
_________________________________
SDSS - Sounds 24-7 Inc. Reverse Split History
Symbol Split Ratio Date
SDSS 1:5000 R/S 11/26/2004
1:200 R/S 08/13/2002
_________________________________
TFCY- 21st Century Technologies, Inc. Reverse Split History
Symbol Split Ratio Date
TFCT 1:30 R/S 01/07/2005
TEXN 1:100 R/S 02/26/2003
_________________________________
ZANN - Zann Corp. Reverse Split History
Symbol Split Ratio Date
ATNG 1:900 R/S 12/03/2004
PBDG 1:40 R/S 10/26/2001
_________________________________
WDAM - World Am, Inc. Reverse Split History
Symbol Split Ratio Date
WLDI 1:100 R/S 01/21/2005
WLDI 1:30 R/S 04/22/2004
WLDC 1:30 R/S 12/01/2000
_________________________________
===============================================================================
* * * * - Pending Reverse Splits - * * * *
(CORR): 1:10 1:20 or 1:30 Reverse Split pending - Source: PRE 14C filed on 09/30/2004
CRHM): 1:1000 Reverse Split pending- Source: PRE 14C filed on 01/12/2005
CMEK): 1:3 Reverse Split pending- Source: PRE 14C filed on 01/18/2005
(CPRD): 1:100 Reverse Split pending - Source: PRE 14A filed on 01/21/2005
(CXII): Between 1:10 and 1:20 Reverse Split pending - Source: PRE 14A filed on 11/10/2004
(DMEC): Between 1:10 and 1:30 Reverse Split pending - Source: PRE 14A filed on 01/21/2005
(EXGO): 1:200 Reverse Split pending- Source: PRE 14C filed on 01/12/2005
(FRCP): between 1:2 and 1:12 Reverse Split pending - Source: PRE 14C filed on 11/19/2004
(FXGP): 1:250 Reverse Split pending- Source: PRE 14C filed on 12/30/2004
(IDGC): 1:250 Reverse Split pending- Source: DEF 14C filed on 01/10/2005
(JRVC): 1:2000 Reverse Split pending - Source: DEF 14A filed on 12/29/2004
(MBAY): "Unknown ratio" Reverse Split VOTE pending - Source: PRE 14A filed on 11/05/2004
(MDCH): 1:1000 Reverse Split pending - Source: PRE 14C filed on 11/10/2004
(MMON): 1:1000 Reverse Split pending - Source: PRE 14C filed on 02/10/2005
(MWEX): up to a 1:50 Reverse Split pending - Source: PRE 14C filed on 01/13/2005
(NEAL): 1:10 Reverse Split pending - Source: PRE 14C filed on 12/08/2004
(NLCP): 1:4 Reverse Split pending - Source: PRE 14C filed on 11/02/2004
(NRES): 1:200 Reverse Split pending - Source: PRE 14C filed on 11/03/2004
(OSGL): 1:10 Reverse Split pending - Source: PRE 14C filed on 01/18/2005
(PLMI): 1:1000 Reverse Split pending - Source: PRE 14C filed on 11/18/2004
(SSWH): 1:100 Reverse Split pending - Source: Press Release on 01/05/2004
(TALL): "Unknown ratio" Reverse Split VOTE pending - Source: DEF 14A filed on 11/02/2004
(TDYN): 1:5 Reverse Split pending - Source: DEF 14C filed on 11/17/2004
* * * * - Scheduled Reverse Splits - * * * *
NONE at this time
- - - - -
Please show us from the SEC files where ONE basher was ever sentenced to jail!! You have NO credibility if you cant!! We all know you are a liar!! We all know you are S&T and Ron from IR. All the same person!!
Sir Orange, don't forget to tell your massive audience about all the paid bashers who have been jailed recently. i wouldn't want them to miss the other side of the coin. tell them about firebird_1965, and how quickly he rolled over when the SEC came-a-knockin'....such a wonderful story....i can hardly wait to find out how much time you get, SUCKER.
First was the CEO of TSPN MR Kalstrom 5 years in the Federal Pen Than Ross Rojek of CMIH 7 years in the Federal Pen. Than Marlin Johnson awaiting to be sentenced!!Chapman might even know Johnson both from SLC Utah!! John Chapman of DFLR fined Stock Fraud all CEOs. This time might be John Chapman 2nd go around!! Plus l will do my best to bust at least 2 internet touts. SEC might even get John Chapman to roll over. Got to play it by ear. Dont worry time is on your side!!!
i'm still waiting for your reply, orangeboy.
i bring up naked shorting becease it is real, and Don't remember ranting about DFLR being shorted. you're gonna have a lot of sleepless nights if you think i'm somehow involved in this scam. i've got 910,000 shares of this company, AND PAID FOR EVERY FREAKING ONE. mister market maker, bring it on.....
I love exposing crooks ask Marlin Johnson from RRXG. And John Chapman will soon go with round 2 with the SEC. How about you will this stock fraud be the first for you?? Yes stock fraud trying to tell posters this stock has been naked shorted and it never made the SHO list!! YOU CROOK. First time for you ?? YES??
NO??
Dont worry stockrocker you are on the list of 5!! Anyone that can read SEC filings and understand what S 8s mean know that you dont have a clue if you believe that this stock has been naked shorted. And if it was how come DFLR never made the SHO list??? I got you exactly where l want you!!
orangeman/greedymalone, if this company is "so yesterday", why do you make it such a large part of your life? i bet 90% of the people reading these boards have you on iggy, and it just seems so irrelevent that you continue to preach to such a small crowd... be honest, and i'll post a definition if you don't know the meaning. tell me why you're here, ya crook.
S&T you fraud
"THE LINK BELOW per SEC SAYS JOHN CHAPMAN MUST STEP DOWN FROM HIS CEO DUTIES FROM NOW ON AND FOREVER AND THIS INCLUDES ANY AND ALL PENNY STOCK COMPANIES EVER!!"
No it doesn't say that. It says he can not take poart in a penny stock offerring or break any antifraud provisions. It does not say he is barred from being an officer or director of a public company. There are two settlements on the table this is the first. Chapman says after both settlements are accepted he will step down. You have no idea what you are saying.
"A TRADER DOES NOT HAVE TO KNOW ROCKET SCIENCE TO UNDERSTAND THAT THE QUICKER THE POSITION IS FILLED THE QUICKER THE COMPANY CAN START TO MOVE IN THE NEW CEO'S DIRECTION OF RECOVERY!!"
Another lie. The new CEO's direction and recovery is based on the financial health of the company. If loans are in default and there is very little money coming in, his hands are tied. Every trader knows that. Any CEO can dilute a company with more shares. It doesn't take a rocket scientist to know that.
"ALSO IT IS COMMON KNOWLEDGE THAT DFLR HAS THE GOLD MINE AND HAS BEEN MINING THE ORE FROM IT"
You biggest lie that you keep saying over and over. This lie is illegal. The option expired April 16th and DFLR did not make the payment to continue the option or aquire the mine meaning even if DFLR was still mining at their expense, none of the ored material would go to DFLR. No option equals no rights to minerals ored. That's a fact and DFLR has not released a required 8-K stating the option has been extended or the mine aquired. That's a fact and S&T you are a lying fraud breaking federal securities law by purposely posting false and misleading information. You state you have read the 10-K 3 times so you know the option expired a week ago without payment to continue. Every post you make regarding DFLR currently mining has been sent to the SEC and each and every post you make in the future will also be sent. Chappy doesn't need any more trouble and you are compensated to post here. That compensation comes from shares given by DFLR. That means you either work for DFLR or somebody who paid you in shares given to them by DFLR. You are breaking the law and believe me, the SEC will act on it.
JMHO
Reposted from the RB Yes l also sent in my findings to the SEC but it is about 5 posters S&T IMO is the RING LEADER and IMO is RON from the IR As we all know the the SEC is clamping down on internet touts. Looks like S&T is going wacky on RB It could take years before the DOJ picks him and others up
Look at his posting record on RB over 4,000 posts in 4 months and he started posting when DFLR signed on there new IR. If you read his posts you deceide if he is paid or just some shmo
Is anyone watching RB looks like the posters there are calling S&T out. He has been exposed as a fraud!! A while back he was saying YIKES today its PAL. I cant wait for the SEC to round up Chapman and the IR folks who are posting. The best anyone can hope for that the SEC stops this from trading. This will prevent others from getting scammed!!
Has anyone seen this?? This is about your CEO John Chapman here learn alittle about your leader!!!Learn about the man that you trusted with your $$$$ Learn about the man that has taken this stock from 90.00 to NO BID in less than 15 months.
John R. Chapman Permanently Enjoined in SEC Fraud Action
The Securities and Exchange Commission announced today that on April 15, 2005, in the Commission's Freedom Surf market manipulation action in U.S. District Court in Salt Lake City, one of the defendants, John R. Chapman, was permanently enjoined from violating the antifraud and registration provisions of the federal securities laws; permanently barred from participating in any offerings of penny stock; and ordered to pay a total of $201,499, plus post-judgment interest.
Chapman, a resident of Salt Lake City, consented to the entry of the judgment against him without admitting or denying the allegations in the Commission's complaint. He is the fifth of the original 17 defendants in the Freedom Surf action to settle the charges against them. The action remains pending against 12 other defendants.
The Commission's complaint, filed on September 30, 2002, alleges that Chapman engaged in a scheme with other defendants from at least July through October 2000 to manipulate the price of the stock of Freedom Surf, Inc., a start-up company with offices in Huntington Beach, California. During this time period, Allen Wolfson, one of two coordinators of the manipulation, controlled certain brokerage accounts in the U.S., and Chapman had trading authority over five Canadian brokerage accounts. Chapman and Wolfson, through these accounts, engaged in a series of illegal matched trades that artificially increased the price of Freedom Surf stock. Allen Wolfson then sold a block of Freedom Surf stock at a discount to a retail broker, which in turn marked up the stock and sold it to investors. Chapman also participated in the unregistered sale of Freedom Surf shares out of the Canadian accounts between March and June 2001.
The judgment entered against Chapman enjoins him from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Exchange Act Rule 10b-5. It also permanently bars him from participating in any offering of penny stock; and orders him to pay $64,714 in disgorgement, $16,785 in prejudgment interest and a $120,000 penalty into a district court fund, for total payments of $201,499 plus post-judgment interest.
http://www.sec.gov/litigation/litreleases/lr19201.htm
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SEC TARGETS INTERNET TOUTS
The Internet is cluttered with touts who have been promoting obscure over the counter companies, expressing unjustified optimism about companies’ prospects, and minimizing, or simply ignoring, the limitations of those companies and the risks of a potential investment. Often, those promoters disclose that they have been compensated for their efforts with “free trading†shares of the company’s stock â€" purportedly handed to them by an “unaffiliated third-party.â€
http://www.stockpatrol.com/radar/toc.html#110303
any opinions on the latest filing?
Vein Geology and Mineralogy
The Sulema vein extends for 1,100 meters along strike. The mine workings extend for 440 meters along strike and to at least 100-120 meters vertically from the surface. The vein dips 55 degrees to the northeast. The vein's true width varies from 10 to 20 meters but the highly mineralized central zone averages 1.3 meters. The vein is a complex epigenetic breccia system with very low sulphidation. The high-grade silver and gold mineralization rarely exceeds 1% total sulfide content. The gangue mineralogy is composed of quartz, calcite, siderite, chalcedony, adularis, K-spar, sericite, limonite, hematite, and rare pyrite.
The best thing now is never let DFLR trade again. That will prevent the newbies from a beating. John Chapman the CEO IMO will have his hands full the feds are really looking at him but good. He has already been convicted of Stock Fraud!! And than the IR firm who had there own posters will be answering alot of questions!!!
Here is a repost from RB looks like they lost the option on the mine!! Looks like some of the posters are calling S&T and stockrocker88 OUT!! Here is a repost about the mine!!
Kiss the mine goodbye
The Purchase Agreement provides for a purchase price of USD $1.2 million, $500,000 of which is due upon exercise of the option and payment of the remaining $700,000 will be made monthly beginning four months after the option exercise, and in amounts ranging from USD $50,000 to USD $100,000. The option period expired April 16, 2005, and the Company did not make payment of the $500,000 to exercise the option.
I guess the $510k he paid himself was more important...LMAO
Looks like DFLR filed today!!! Let the mining for newbies resume!! Remember those 2 billion S 8 shares must go!!!
no big deal, huh, orange?
You guys want to see something funny. Last Jan. l warned this guy whatever money he invested would be lost. Since HE was a expert on mining. He told me to GFM and said now l am on ignore!! Here l just found a post he just wrote!!
By: udt89
20 Apr 2005, 09:26 AM EDT
Msg. 19754 of 19754
Jump to msg. #
guys i called chap and he said it would be filed yesterday. the problem i have is if its late wheres the E?
i also left 2 messages for ron and no phone call back. my second message was pretty nasty saying how can the ceo of a company lie to his shareholders and expect to get away with it. in that message i also said i have a call into a friend at the IRS who is going to help me contact someone with the SEC.
at this point i feel my money is lost, and if it is, rest assure i will make sure everyone that is involved in this company will get what they deserve.
geo43 Please be very carefull These message boards are filled with scammers who like to see investors hurt. Some work for MM And some actually work for the PR firm in Calif.
Orangeman is corret about the S-8s i have been in this stock since Dec. and i hated to see the S-8. it means these will increase the O/S bring down the PPS. this is only done when the company needs money it will not help the PPS at all SORRY
ORANGEMAN3, WHERE'S YOUR DISCLOSURE STATEMENT? ISN'T IT ILLEGEL TO DO WHAT YOU'RE DOING HERE, WITHOUT STATING YOUR POSITION IN THE MARKET? GEE, THE WAY THEY'RE CRACKING DOWN ON CROOKED FOLK ON WALL STREET, I WOULDN'T WANT TO BE IN YOUR SHOES!
http://www.foxyads.com/brilliant11/
why are the bashers constantly twisting everything every company does? for fear of not being able to cover their naked shorts! if they don't ruin these otc:bb & pink sheet stocks soon, they are going to have to cover... big, BIG losses for the market makers... they are in a bind in a bad way..........
S 8 filings are nothing more than a scam for CEO John Chapman to line his pockets. That is why stock has gone from 90.00 to NO BID in less than 15 months. Go ahead investors ask your broker if you dont understand what the following means. Lets all hope this mining scam never trades again. So the newbies wont get burnt!!
Form S-8
The S-8 Registration Statement is rapidly becoming the weapon of choice for stock scams. It is quick and effective and takes advantages of a glaring loophole in the federal securities laws.
Form S-8 allows public companies to register shares that have been, or will be, issued to directors, officers, employees and consultants - instantly, with minimal disclosure. Here is how it works. A company that wishes to register securities begins by filing a Registration Statement with the SEC. In most cases, the SEC reviews that Registration Statement, issues appropriate comments, asks pertinent questions and requires reasonable clarification. Then, after the company provides satisfactory responses to these questions, the SEC allows the Registration Statement to be declared effective, and permits the sale of the securities.
This process is designed to protect investors by ensuring that they receive ample information about the company in which they are about to invest.
Form S-8 abandons that protection and leaves investors to fend for themselves. An S-8 Registration becomes effective immediately after it is filed with the SEC, before it is reviewed by anyone. In an instant, the shares are registered and may be sold. Let the buyer beware.
Rather than provide detailed disclosure, Form S-8 includes fragmentary information, including the number of shares being registered. The company's financial condition is rarely presented in detail. Instead, the Form S-8 incorporates prior financial statements "by reference." As a practical matter, few investors will bother to review those earlier documents.
The absence of meaningful disclosure is only one of the disturbing features of Form S-8. Here is another. The company is not required to identify the individuals who will be receiving shares. Instead, the shares may be registered for a generic "Employee Benefit Plan." Which employees will "benefit" from that plan? The company is not required to identify the potential recipients when the Form S-8 is filed. And while companies are supposed to amend each Form S-8 to add the names of the new stockholders as shares are issued, they rarely do.
In reality, the recipients of shares may not be employees at all - and that is another distressing feature of S-8. Under the statute that controls this registration form, employees may include "consultants" and "advisors" - opening the possibility for shares to be distributed to a host of individuals with mere marginal connection to the company.
And the company is never obligated to account for the services rendered by those consultants in consideration for the stock.
The impact of these registrations can be seen in dozens of Form S-8 Registration Statements filed each week. Consider this example. A company, called Bach-Hauser, has made a business out of issuing S-8 shares. In fact, so far this is the only discernible business developed by the Company, despite a seemingly endless stream of consultants.
Since early 2000, Bach-Hauser has filed twenty three Forms S-8, registering more than 220 million shares issued to consultants, including a variety of lawyers. What have all these consultants been doing for Bach Hauser? The proof, as they say, is in the pudding, and Bach-Hauser's bowl remains quite empty. The Company has no business and no revenues.
Although Bach-Hauser initially named the consultants who had been issued shares, in recent years they have adopted a practice - followed by most small companies - of registering shares for unidentified recipients under an Employee Benefit Plan.
Bach-Hauser is a glaring example of the way Form S-8 has been used to flood the market with shares. It is hardly alone. Virtually every day, tiny companies issue mounds of shares to unidentified individuals for unspecified services - and it is all within the letter of the law.
But the common use of these two rules, Regulation S and Form S-8, hardly reflects the spirit of disclosure that is at the foundation of federal securities regulation. Instead, these twins seem destined to leave investors in the dark.
Just imagine if lawmakers had conceived triplets.
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"The Ultimate Stock DD" - http://www.finitesite.com/irishbull
S-8 shares given to employees, great move. DFLR is laying the groundwork for success.
To the investors that read this post and who did not buy the stock I bet you are happy!! Lets hope this DFLR never comes back to trade again. And the conmen who ran this so called operation get brought to justice. The public got smart with these S 8 filings!! Here read my first warning!! Yes mining for newbies sums it up!!
Posted by: Orangeman3
In reply to: None Date:3/2/2005 11:29:06 AM
Post #of 145
I would be very carefull before investing here!! It seems that in the past year they have issued 7 S 8s And have done 2 R/S in the past 2 years. Also the one year high is $90.00 and the low is now .0001. Company talks about mining. I bet the only thing they are mining for is newbies. This is JMO here is the link for those S 8 filings.
http://www.pinksheets.com/quote/filings.jsp?symbol=DFLR
friends, neighbors and countrymen........
orangeman3/greedy has zero credibility...
with all the games and dirty little secrets on wall street, why are these and other stock bashers bent on destroying EVERY SINGLE otc:bb and pink sheet stock? big as texas, every micro-cap stock has at least one full time basher, and the more succesful the company (such as GTEL of late), the number of bashers multiplies. this is a last ditch effort by the market makers to weasle out of their naked shorting problems. how desperate are they? i've been tos'ed from raging bull about 5 times (lost count) for standing up to these and other (hi, "go -buckey"!) stock bashers. as one of my good friends put it, i've "made some very powerful enemies". too bad for them. i'm a fighter, and i'm not going to ignore them, and let them continue to carry on with their "smokescreen"...................................
that being said, i personally thank each and every one of you who share my stance on this issue. and remember........
This company has issued 6 billion shares in the past 5 months via S 8 filings. And the dopey idiots are yelling naked shorting. Just goes to show how dopey investors think. The IRS will let you write your mistakes off.
GEE, ISN'T THE SEC A LITTLE BUSY WITH THE NAKED SHORT SELLING ISSUE TO BE INVESTIGATING EACH AND EVERY MICRO-CAP STOCK? IT'S TOO LATE FOR THE EVIL ONES, THE CAT IS OUT OF THE BAG...
orangeman3, you're quite the citizen... doing your boy-scout best to run this company out of business... and accusing hopeful investors, such as myself, of being part of some pump & dump scheme. if the sec should happen to stop by, great. i've got nothing to hide, and a whole lot to say, that i might not otherwise get to say... i'd start with crooked mm's such as yourself...
well, no time for the whole list, gotta go back to WORK.
No one is attacking!!Just letting you know there are 5 posters on Raging Bull that the SEC knows about. Let them sort this scam out!! They just loved to hear that John Chapman was still involved.
orangeman3 attacks again...why on gods green earth would you blame me and/or S&T for the performance of this company? we're no different than 90% of the people in the market, with hopeful optimism that our choices are "the next big thing". if that's a crime, i guess you market-maker/bashers are the only ones going to heaven...
how come someone is always complaining...
nevermind, it's about to get worse...
How come no one is complaining about No Assay report No final figures on the Real Estate deal or any figures. What did Chapman do with the funds from the first shipment of ore??? What did Chapman do with the funds fron the sale of the S 8 shares issued in Jan?? What will Chapman do with the funds from the sale of this billion share S8?? Stockrocker you claim to be a S/H how come you are not worried?? Are you the only one left in the IR office today?? Did S&T ever come in today?? Told you guys a long time ago Chapman was a creep. UDT89, Moonie, gatsby, bigbone39, marlin.1111 whatever you have invested it is LOST!! Could not have happened to a better bunch of guys!!!!! OH you to drriver And the head tout says naked shorted BS its called CEO dumping shares into his own PRs Never even made the SHO list
This is my favorate post!! And today he is looking for S&T, IMO S&T can be found in IR office is that right Ron?? So UDT89 when do you think you will call me a --- You listened to the wrong people my friend!!
By: udt89
12 Jan 2005, 11:41 AM EST
Msg. 2459 of 17983
(This msg. is a reply to 2457 by johnpa_66.)
Jump to msg. #
just ignored john. i will take him off when the stock flys so i can call him the POS that he is
Did I hear a flush???
Down we go! Enjoy the ride people, for those who have not been here before please keep your hands inside the car, take your Anti-Emetics and hold on tight...
"It's a long way to the top if you wanna Rock n Roll"
(AC/DC)
SEC TARGETS INTERNET TOUTS
The Internet is cluttered with touts who have been promoting obscure over the counter companies, expressing unjustified optimism about companies’ prospects, and minimizing, or simply ignoring, the limitations of those companies and the risks of a potential investment. Often, those promoters disclose that they have been compensated for their efforts with “free trading†shares of the company’s stock â€" purportedly handed to them by an “unaffiliated third-party.â€
http://www.stockpatrol.com/radar/toc.html#110303
*** NEWS ***
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Global Links Corp. Acquires Utah Real Estate Portfolio
LAS VEGAS, Feb 16, 2005 (BUSINESS WIRE) -- Global Links Corp. (OTCBB:GLKCE) announced today that it has entered into an agreement to acquire all of the Utah real estate holdings of Diversified Financial Resources Corp. (OTCBB:DFLR). The transaction includes a 15,000-square-foot three-story office building in downtown Salt Lake City, 2 single-family homes, a duplex home and 5 condominiums. "By acquiring all of the real estate in a bulk purchase, the company feels that it has preserved a good amount of equity in the properties. We expect to be able to re-sell these properties in a relatively short amount of time and earn a mid-six figure profit margin," stated Frank Dobrucki, CEO of Global. The closing date is set for Feb 28, 2005.
What did DFLR do with this money?? You know the money from the closing of the 28th of Feb???
And they still want you to believe there are naked short sellers out there give it up touts. The problem is the CEOs dumping into there own PRs. IRs contract runs out in a few weeks watch a few posters just take off.
Spread the word
http://www.faulkingtruth.com/Articles/Investing101/1023.html
OH Dirknot I just found this post on RB. Please keep in mind this gatsby was a lead tout on RB And laughted at me for selling at a 25% loss. Now he will eat a loss of 100% Good for him he deserves it. But read what he has to say now. Another guy who did not believe me about the S8s Read get a good laugh at a investor who was CONNED
By: gatsby90220
07 Apr 2005, 10:28 AM EDT
Msg. 17930 of 17930
Jump to msg. #
Boy I sure can pick em. Ron you said GLKCE CEO was crazy , Maybe some of that Crazy should rub off on CKSker CHAPMAN the dillutor.
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