Greenway Technology (GWYT)

[rs99]

I have another in that market that is holding its own at the moment.

[CaoPanShou]

It's ExpMkt / CE, a few trades is better than most in that category.

[rs99]

Few trades here and there. ?

[rs99]

What’s going on? Starting to trade again!

[rs99]

Thanks for the reply!

[CaoPanShou]

Havn't been checking on it since SEC action. Until it goes pink its dead regardless of any court hearings. It is expert market now which is optimistic, not sure if thats OTC/MM decision or if the custodian took action to get it out of grey after suspension.

[rs99]

Heard anything yet or are the courts shut down with the virus?

[CaoPanShou]

The court date is no issue. It is just a court update, they will update the court on the situation.
At that point they would have to suggest they plan to revive it or ask the court to relieve them of it.

[rs99]

Well hopefully they will get there shit together. Only problem is the next court date is past the halt date. Hopefully it will work out it some point.

[CaoPanShou]

Grey market status is automatic after a suspension. It is up to the new owners to get a MM to sign on to make it Pink again. If they were serious they will likely do that. If it was just a P&D they will likely forget it and move on.

[rs99]

How is the SEC action going to play into this? Hopefully this will get done before a delisting.

[Renee]

GWYT SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.

https://www.sec.gov/litigation/suspensions/2020/34-88381.pdf

Order:

https://www.sec.gov/litigation/suspensions/2020/34-88381-o.pdf

[rs99]

Thanks for the update! Sounds like this could turn into a very good play if done right.

[CaoPanShou]

$GWYT Custodian Approved in part. Status check set for 4/17/20
Authorized Shares
240,000,000
10/25/2012
Outstanding Shares
177,265,802
10/25/2012

[CaoPanShou]

Motion for Appointment (3:00 AM) (Judicial Officer Gonzalez, Elizabeth)
Application for Appointment of Custodian


Minutes
03/06/2020 3:00 AM
- Upon review of the papers and pleadings on file in this Matter, as proper service has been provided, this Court notes no opposition has been filed. Accordingly, pursuant to EDCR 2.20(e) the application to appoint custodian is deemed unopposed. Therefore, good cause appearing, COURT ORDERED, motion is GRANTED IN PART. Movant is permitted to appoint new officers and directors, send the notice of a special meeting to all shareholders of record noticing a meeting on at least 10 days' notice and to pay back fees owed to the State of Nevada. Moving Counsel's submitted order signed, to be filed within ten (10) days and distribute a filed copy to all parties involved in this matter and the transfer agent. Custodian to file monthly Status reports. Matter SET for status check on the report in 45 days. 4-17-20 CHAMBERS STATUS CHECK: CUSTODIAN'S REPORT CLERK'S NOTE: A copy of this minute order was distributed via electronic mail. / dr 3-9-20

Return to Register of Actions

[rs99]

Thank you for that. Much appreciated!

[CaoPanShou]

02/03/2020 Application
Application for Appointment of Custodian
02/03/2020 Initial Appearance Fee Disclosure
Initial Appearance Fee Disclosure
02/03/2020 Summons Electronically Issued - Service Pending
Summons
02/04/2020 Clerk's Notice of Hearing
Notice of Hearing
02/04/2020 Certificate of Service
Certificate of Service
03/06/2020 Motion for Appointment (3:00 AM) (Judicial Officer Gonzalez, Elizabeth)
Application for Appointment of Custodian

[rs99]

My interest in this is I have shares from a couple years ago and hopefully will be able to get my investment back some day.

[CaoPanShou]

Check the court filings. If you don't know how to do that, Don't trade custodianships. Tracking court dates and updated filing catalyst is what these are all about.
Waiting for someone to report something in this forum is often too late.

[rs99]

Any idea when the court will rule on custodianship?

[CaoPanShou]

Lazar does half dozen or more at a time...means they got money to throw around at the least...

[rs99]

There are a lot of Benjamin Berry out there when doing a search on him. Maybe we can get a DD hound on this!

[rs99]

Interesting that he is going for more than one company. Typically a large or couple large shareholders make a move like this to gain control after being shammed by previous management. Just hope it turns out somewhat legit. lol

[CaoPanShou]

How bad at mathematics do you have to be to buy 1 share?

[gumzsa]

Benjamin Berry dont know much about him yet. He also applied for custo on IXOG yesterday as well.

[CaoPanShou]

I'll take "newbie custodians" for $500 Alex...

[rs99]

Who is Synergy Management Group?

[rs99]

Can only hope this gets taken over and something done with it. Been stuck in this for years.

[CaoPanShou]

suspect its too tightly held. When it moves it won't be small.

[Golden Cross]

Well that news didn't move it

[gumzsa]

Custodianship by Synergy Management Group

Case Information

A-20-809648-C | Synergy Management Group, Plaintiff(s) vs. Greenway Technology, Defendant(s)

Case Number
A-20-809648-C

Court
Department 11

Judicial Officer
Gonzalez, Elizabeth

File Date
02/03/2020

Case Type
Other Civil Matters

Case Status
Open

Party
Plaintiff
Synergy Management Group


Active Attorneys

Lead Attorney
Shafer, Jay A.
Retained

Defendant
Greenway Technology


Events and Hearings

02/03/2020 Complaint

Complaint - COMP (CIV)

Comment
Application for Appointment of Custodian
02/03/2020 Initial Appearance Fee Disclosure

Initial Appearance Fee Disclosure - IAFD (CIV)

Comment
Initial Appearance Fee Disclosure

[rs99]

Just crickets.

[simon song]

Umm... is anyone here ? Hello ~

[rs99]

The Commission finds that:

1. Hand is an attorney, whom the State of California admitted to practice law in
1986.

2. On June 11, 2019, an amended judgment of conviction was entered against Hand in United States v. Hand, No. 1:15-cr-10386-WGY, in the United States District Court for the District of Massachusetts, finding him guilty of two counts of conspiracy to commit securities fraud and wire fraud, in violation of Title 18, United States Code, Section 371; two counts of securities fraud, in violation of Title 15, United States Code, Sections 78j(b) and 78ff, and Title 17, Code of Federal Regulations, Section 240.10b-5, and Title 18, United States Code, Section 2; and two counts of wire fraud in violation of Title 18, United States Code, Sections 1343, 1349, and 2. Hand’s conviction arises out of, inter alia, his role in a scheme to pump and dump the 1 Rule 102(e)(2) provides in pertinent part: “Any attorney who has been suspended or disbarred by a court of the United States or of any State; . . . or any person who has been convicted of a felony or a misdemeanor involving moral turpitude shall be forthwith suspended from appearing or practicing before the Commission.” See 17 C.F.R. 201.102(e)(2).





2

publicly traded stock of Greenway Technology.

3. As a result of this conviction, Hand was sentenced to 66 months of imprisonment in a federal penitentiary and three years of supervised release, and ordered to pay restitution of $486,953.44 and a fine of $1,000,000.

[rs99]

Where did this come from? Still shows revoked. Would love to see it make a little run! This was out of the blue!

[Stockslut]

Holy jabroni

[Maintenance_Man]

What’s the deal with this one????

[Ole Broke Azz]

https://www.sec.gov/litigation/litreleases/2018/lr24159.htm

[rs99]

Seems like someone would pick this ticker up and dust it off and do something with it. Could only hope!

[makinezmoney]

$GWYT: And the Run is on now.... $0.0028


Small volume hits on the Ask... Goooooooooooooo



$GWYT

[rs99]

What's going on? Starting to see some movement. Anyone?

[makinezmoney]

$GWYT: Seeing some early morning buying here now


$0.0018


$GWYT

[Tomsdad]

is this dead? or is it worth holding on to the shares?

[rs99]

Wow, there is a trade! lol

[BigJuan]

That case has nothing to do with GWYT now......... That referred to the gay and lesbian resort P&D 3-4 years ago.

[rs99]

That figures. The world of sub pennies. Screw the shareholders!!!

[scion]

SEC Charges California Lawyer and Stock Promoter Behind Market Manipulation Scheme

http://www.sec.gov/litigation/litreleases/2015/lr23424.htm

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23424 / December 11, 2015

Securities and Exchange Commission v. Jehu Hand and Antonio Katz, Civil Action No. 1:15-cv-14109 (D. Mass. Dec. 10, 2015)

SEC Charges California Lawyer and Stock Promoter Behind Market Manipulation Scheme

The Securities and Exchange Commission has charged a California-licensed attorney and a stock promoter behind a pump-and-dump scheme that defrauded investors in Greenway Technology, a Las Vegas, Nevada-based company purporting to operate resorts for gay and lesbian travelers.

The SEC alleges that Jehu Hand and Antonio Katz and three additional participants carried out the scheme by, among other things, using one or more backdated debt assignments, or convertible promissory notes, to cause the issuance of millions of unrestricted shares of Greenway stock to entities and individuals under their control. Hand (or an attorney associated with him) then wrote and sent false legal opinion letters to brokerage and other firms transacting in Greenway stock to facilitate the issuance, depositing, and, ultimately, sale of the stock. These opinions represented, among other things, that Greenway was not a shell company. According to the complaint, all of the false opinion letters that Hand authored were designed to clear the way for Greenway stock held by the scheme participants to be sold, without restriction, to unsuspecting investors in the market.

The complaint also alleges that the defendants and their co-schemers secretly planned and orchestrated the sale of Greenway stock to the public at artificially inflated prices and without proper securities registration statements in effect by, among other things, generating news releases, promotional materials, or blast e-mails containing false, exaggerated or misleading information, and engaging in undisclosed coordinated trading of the stock. These steps in the overall scheme were designed to generate the appearance of demand for the stock and to increase its price, even though Greenway had no operations or assets at the time. Between August 2012 and January 2013, after the stock price had been pumped, the participants in the scheme sold more than twelve million net shares of Greenway stock, causing losses to the investing public of more than $850,000.

In a parallel case, the U.S. Attorney’s Office for the District of Massachusetts announced that a federal grand jury returned a criminal indictment against Hand for the same conduct alleged in the SEC’s complaint.

The SEC’s complaint charges Hand and Katz with violating the antifraud provisions of the federal securities laws in Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Section 17(a) of the Securities Act of 1933 (Securities Act). Hand and Katz also are charged with violating (and, in the case of Hand, aiding and abetting violations of) the securities registration provisions in Section 5(a) and 5(c) of the Securities Act. The SEC is seeking disgorgement of ill-gotten gains from the scheme plus interest and penalties as well as penny stock bars and permanent injunctions against further violations of the securities laws.

The SEC’s investigation was conducted by Michele T. Perillo and Mark Albers of the SEC’s Boston Regional Office. The SEC’s litigation will be led by Martin F. Healey. SEC attorneys Andrew J. Palid and Eric A. Forni have been appointed Special Assistant U.S. Attorneys in the parallel criminal case. The SEC appreciates the assistance of the U.S. Attorney’s Office for the District of Massachusetts, Federal Bureau of Investigation, and Financial Industry Regulatory Authority.


http://www.sec.gov/litigation/litreleases/2015/lr23424.htm

[Frayed Knot]

WHAT? Now this thing is a rifle company? I have not looked here in a long time .. the last time I knew it was going to be a gay resort.

http://finance.yahoo.com/news/greenway-technology-acquires-andalusian-resorts-172612601.html

[lngnstrng]

lol. these are the kind of companys you want to be invested in... the rifle thing didnt work out... lets try sth completely different about which we dont have a clue either!!

[HallaDurg]

Cheap here!!!