INSO: . Molen, age 66, is a resident of Berkeley Lake, Georgia. Molen is or was the sole officer, sole director, and controlling shareholder of Enviro Impact Resources, Inc., formerly known as Industry Source Consulting, Inc. (“INSO”), a public company with the stock ticker symbol “INSO” that publicly posts quarterly and annual reports (“Reports”) and related documents on the OTC Markets Group, Inc. (“OTC Markets”) website. During relevant periods from at least 2014 to 2022, Molen prepared and posted INSO’s Reports, which included unaudited financial statements. During such relevant periods, Molen was INSO’s principal financial officer and principal executive officer, and he signed and certified Reports in those capacities. Molen is not, and had not been, licensed as a Certified Public Accountant.
That's true it will probably be in the expert market because of this, that's why there's no DCB
I think it takes a day or two to go into effect with the major U.S. brokerages.
That's strange I bought a little at .009
Caveat Emptor at OTC Markets placed AH 3/2. Only selling allowed.
SEC Charges Georgia Residents in Microcap Fraud Scheme
Litigation Release No. 25648 / February 24, 2023
Securities and Exchange Commission v. Michael K. Molen, Enviro Impact Resources, Inc., f/k/a Industry Source Consulting, Inc., Seth M. Molen, and Pixel Arcanum, Inc., No. 1:23-cv-00735-LMM (N.D. Ga., filed Feb. 16, 2023)
The Securities and Exchange Commission today announced charges alleging securities fraud and registration violations in a complaint filed against Enviro Impact Resources, Inc., formerly known as Industry Source Consulting, Inc. (OTC Pink: INSO) ("INSO"), a Georgia microcap company. The SEC's complaint further charges alleged fraud and registration violations by INSO's former CEO Michael Molen, his son Seth Molen, and Pixel Arcanum, Inc. ("Pixel"), a Georgia company that was controlled by both Michael and Seth Molen.
The complaint alleges that the defendants made numerous false and misleading statements and engaged in other deceptive conduct during the relevant period, largely for Michael Molen's financial benefit. According to the SEC's complaint, from at least 2014 to 2022, under Michael Molen's direction, INSO publicly posted false and misleading annual and quarterly disclosure reports, including false financial statements, and false and misleading attorney opinion letters relating to INSO's disclosure reports. The complaint also states that the defendants made false and misleading statements to third parties, including brokerage firms and INSO's transfer agent, and engaged in other deceptive conduct, including the creation and use of forged documents, to facilitate Pixel's fraudulent and unregistered transactions in INSO stock and convertible promissory notes.
The complaint, filed in the United States District Court for the Northern District of Georgia, charges Michael Molen, INSO, Seth Molen, and Pixel with violations of Sections 5 and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. Without admitting or denying the allegations in the complaint, all four defendants have consented to permanent injunctions from violations of those provisions, and also to payments of disgorgement, prejudgment interest, and civil penalties in amounts to be determined by the court. Michael Molen and Seth Molen have also consented to the entry of officer and director bars and penny stock bars, and Pixel has consented to the entry of a penny stock bar. The settlements are subject to the approval of the district court.
The SEC's investigation, which is continuing, is being conducted by Lucy Graetz in the Atlanta Regional Office, and supervised by Natalie Brunson and Justin Jeffries, in coordination with the Enforcement Division's Microcap Fraud Task Force. William Hicks and Graham Loomis are leading the SEC's ongoing litigation.
Allegedly, They just acquired them,
NORCROSS, GA / ACCESSWIRE / December 14, 2022 / Industry Source Consulting, Inc. (OTC Pink:INSO) announced today it has completed the acquisition of Missouri based Phyto Life Organics, LLC. Phyto Life Organics operates a large scale indoor and outdoor CBD production operation with brands that include various CBD products and essential oils.
INSO recently announced that the Company had reached top tier reporting status with OTC Markets and is now current with the Company's quarterly filings. The acquisition of Phyto Life Organics provides immediate revenue to the Company as it implements its new Business Plan.
"Acquiring a revenue generating company like Phyto Life and its brands is a significant step for the Company's new growth plan. The incoming management team will continue to seek additional acquisitions as a way to build its business and provide increased value to its shareholders," stated Michael K. Molen, outgoing CEO of INSO.
Details concerning the acquisition and the business of Phyto Life will be announced in the coming days
Nothing here. Does not make for a good indicator of the future. LOL>
anybody hearing any updates?
But then again it would need news for that
this could explode with a few buys
Big changes have been taking place at N8 Essentials. We were recently acquired by and our operations merged into Smith Morgan Farms, a certified organic farm in Belton, Missouri. Smith Morgan Farms, in partnership with Phyto Life Organics, strives to keep prices low and quality high.
Smith-Morgan Farm = Phytolife organics
Registered Agent Wirken, James Charles
Registered Agent Wirken, James Charles
Page 7 smith Morgan farm producers
This is why I am thinking the deal is dead I hope not but I think it is. he told our friend last weekend and he told the entire world end of month. I know deals are not always easy but lets communicate
Thats okay, but you said their would be an update. Where is it. Should not make situations
less credible by putting that out there. Lets also get something straight. If they close on an acquisition, they are obligated to file it in a certain amount of time, 4 business days as material definitive information or it did not happen, correct? So if it does not happen, then the transparent thing to do is disclose that.
They never said a PR would be out on the day the LOI closed. It’s worth finding out what he has to say. It’s not like they are dumping shares. There has been basically 0 vol.
Jabrock1 I think has more knowledge than I do but my guess is some issues with the merger and either working on the details or for a new deal. I agree with you if a deal issue let us know put out a press release
That was a nice update. Almost missed it. I guess it would be nicer, when all of these
companies that cannot come through on their promises or social media rants, if they
are sincere, come out with reasons for delays or inabilities to seal the deal in the time
frame allocated. 12 days past the end of the month and nothing. What were they thinking?
Are you thinking the update will come tomorrow, have you head anything?
I hope your right fingers crossed
I haven’t noticed that really. Seems to deliver on what he says.
Wonder if it will happen he seems to mis deadlines
Talked with Michael and update coming this week.
I am not sure either but I think the time has passed if the deal actually went through. So my guess is the deal is not going through or it did not close the end of the month>
Don't know how much longer they have to wait to disclose the information on the merger. It would appear that it has to be soon as material definitive. If they closed on the 30th, I don't know if they can wait for the right of rescision and then disclose within 4 days or just 4 days. It would have to be soon. Keeping fingers crossed. GLTA.
Well yeah true story
Allegedly, It is! $inso
is this TA known to be a good and legit TA?
New update on T/A and closing right of rescission over. Expecting a PR soon. See what we get.
$INSO is in the process of installing a new Management Team that will roll out its new business strategy. Details concerning the new business and Management Team will be announced in the coming days.
Gave it a bit of a boost yesterday
Gonna be current soon finally and a new name in that last quarterly is under the radar.
$INSO Yields Management Group Introduces Company with New Corporate WebsitePress Release | 06/09/2022
TULSA, OK / ACCESSWIRE / June 9, 2022 / INDUSTRY SOURCE CONSULTING, INC. doing business as Yields Management Group, Inc. (OTC PINK:INSO) launches new corporate website introducing the Company and its products and services.
The new website, yieldsmanagementgroup.com outlines the Companies expertise in assisting its clients in building critical agricultural infrastructure that will help increase their agricultural yields. Yields Management Group designs and builds vertical infrastructure in multiple markets, including agriculture, real estate, and unity software.
Yields Management Group, formerly Medical Greenhouse, LLC is currently building a national sales force to reach new markets and new industries.
"With the recent approval of legal cannabis in several states, we feel we are positioned perfectly to expand our business to include this fast moving industry," stated Aaron Lee, CEO of Yields Management Group, Inc. "The new sales team will expand our reach significantly as we concentrate on implementing our Business Plan and creating increased yields for our clients and increased value for our shareholders."
The Company is applying to The Financial Industry Regulatory Authority (FINRA) and the State of Wyoming to officially change the name and trading symbol for the Company.
The Company will provide additional information and details about its business, its sales force, and its management team in the coming days.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
DATASOURCE: YIELDS MANAGEMENT GROUP, INC. Formerly Industry Source Consulting, Inc.
CONTACT: YIELDS MANAGEMENT GROUP, INC.
SOURCE: Industry Source Consulting, Inc.
View source version on accesswire.com:
News was out earlier - l2 had only 4 mm out the gates tad different now
INSO- Industry Source Consulting, Inc has now focused on its new business strategy in the digital and e-commerce sectors. It was reported that the company has submitted an application to renew its OTC Disclosure and News Service. This will help the company to distribute news and financial reports. These statements are based on the current plans of the company by keeping in mind the future of operation and financial conditions. Specifically based on the company’s ability to raise the additional capital to sustain and achieve profitability. The company has taken no obligation to publicly update or revise any forward-looking statements.
Industry Source Consulting Inc provides renewable energy product. The Company offers bio-coal, biochar, and biofuel products. Vega Biofuels serves customers in the United States. The Company markets approximately two products, including a renewable energy product called Bio-coal and a soil enhancement called Biochar. Biochar is an absorbent, specially designed charcoal used as a soil amendment for the agricultural industry. Bio-coal is produced using technology called torrefaction. Bio-coal is made primarily from timber waste, a bi-product from saw mills, lumber yards and agricultural waste after harvest. Biochar is produced by pyrolysis. The Company's products are manufactured at a third party's facility located in Richlands, Virginia.
Industry Source Consulting Inc provides renewable energy product. The Company offers bio-coal, biochar, and biofuel products. Vega Biofuels serves customers in the United States.
The Company markets approximately two products, including a renewable energy product called Bio-coal and a soil enhancement called Biochar. Biochar is an absorbent, specially designed charcoal used as a soil amendment for the agricultural industry. Bio-coal is produced using technology called torrefaction.
Bio-coal is made primarily from timber waste, a bi-product from saw mills, lumber yards and agricultural waste after harvest. Biochar is produced by pyrolysis. The Company's products are manufactured at a third party's facility located in Richlands, Virginia.