Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I just don't understand how you could still trust him.
lol, thanks 4 getting my back
yes, I still own shares in the other company I purchased with my own money. I sold my MNTY at a huge loss .00005 YES, FOUR ZERO"S there
I'm not accusing you of anything; I'm just really curious. Why would you follow the management of MNTY to "that other company" after what they pulled here? Don't tell me you still trust them. Surely there is more to it.
Better to not post and be thought a fool than to post and remove all doubt! The Pastor was fooled just like the rest of us and Des has had nothing to do with ICTY in well over a year!
Pastor Phil was never compensated in any form from MNTY, I lost money just like many others here.
If the SEC is owed $700000 and they have a fairly large judgment against several defendants in the ECFL/MNTY case, then would that mean if they move forward in collecting on their judgment, there would be more than enough to reimburse the shareholders for their losses? Do you think that since the defendants have some type of an inside connection to the SEC (former SEC employee...as mentioned in your earlier post), that the SEC is in no hurry to collect?
Agreed. I did mean take over the concept. Interested?
MNTY is worthless. The company owes $700,000 to the SEC, has illegally issued non-registered shares outstanding and has almost no chance of filing a registration statement and Form 211 to get quoted again. Taking over the Market 99 concept, sure, but the shell's long dead.
Just wondering if anybody has read my last post... let's get this Company going again!
Apparently, the SEC isn't interested in pursuing this any longer?!?
With Jason Brola still the official CEO of MNTY I cannot understand why he isn't continuing to try to communicate to the investors.
I still love the concept of Market 99. As some of you know I offered years ago to help move this company forward due to my long years of retail management experience including 5 management years with Dollar Tree, 7 management years with Home Depot and 20 other retail management years, my offer still stands.
If any investors have an interest in a takeover, please PM me.
THERE is no such class suit that I'm aware of, it would have been reported here.
Is there a investors class action suit? I never received a notice. Just wondering...
Yeah, that was Phillip Offill. He was mixed up with David Stocker and Ryan Reynolds. Ryan was named along with the Brolas and I later discovered that the Brolas did business with Offhill, though I can't recall exactly what it was (it's been a while!)
Thanks. In reading post 76838, they might still have the millions of ill gotten dollars that the SEC is trying to collect...but no way to tell until SEC proceeds and hopefully faster. Did I read that a retired or former SEC attorney was involved with the Brolas in of their earlier schemes?
There is no justice...
This bastard should be in prison, not starting new companies.
http://www.clutterdesk.com/about-us/staff.html
ClutterDesk Web Design is a fast-paced and focused interactive web development and branding studio. We create feature-rich web tools which our clients can use to help them grow their businesses. In 2008, lead developer, Jason Brola brought together years of web development, retail and "real-world" business experience to create ClutterDesk Web Design & Social Media Design.
I'll check the case status and post what I find. The SEC should file a motion for contempt but things move at a snails pace with justice. If they spend the money, they'll just sit in jail longer so that wouldn't be smart. I'm not exactly sure how SEC Fair Funds works and what qualifies for it. To be honest, don't expect much, if any, restitution. Usually it pays pennies on the dollar, if that.
Pinksheet shareholders rarely see any restitution not because they go away quietly but because there's usually nothing to recover. Most of these guys blow through whatever they make and wind up with nothing to show for it.
Hey gang. I, as well as many of you, check in from time to time to see any updates on our attempt to bring all those involved, to justice. So, keep me on the list of investors still interested. If the SEC needs anything from me that could be of any help, I would do my best to help out.
It has been a while, but I read an opinion where someone (I believe it was a judge) was explaining how pinksheet shareholders will not see a return simply because the shareholders go away quietly and do not follow through on requesting follow through from the SEC, thus not making it their priorty. The SEC could have already filed the contempt order, right? If there is no time frame they have to wait for before filing, then why have they not already filed it? Every day they wait is more money that the defendants are spending and less likely the wronged investor will see a return.
Are you able to look into the status of the case? You seem to have a great deal of knowledge when it comes to the courts and the SEC.
wow. I haven't posted here in so long, they removed me from mod, probably a gift, lol
There is nothing like returning to the scene of a crime to see if the blood has been cleaned off the walls! LOL How have you guys been doing?
The SEC doesn't just walk away from judgements. If the defendants ignore the jugement, the SEC will file a motion for contempt of court. If the judge grants the motion, an arrest warrant will be issued and they'll be jailed until they pay or show the inability to pay. Unfortunately everything takes time. You probably won't see anything on the docket until they file the contempt. It could be next week or next year.
I'd contact the lead SEC attorney for a status. In the past, I've found them to be responsive by email.
Whether you guys see any return of your investment's a different story. My guess is that these guys blew through a lot of the money.
Im sorry to be redundant and some what rude to you, but
I have explained the following at least 6 or 7 times in
4 or 5 different ways.
What you're forgetting in this matter is the "human element."
The SEC are just a bunch of lawyers with a government job
and monthly paychecks. They do not care about you, nor do they
even know your name, and could care less about your money.
The SEC audited, had a good idea that Madoff was a crook for
years and did nothing until he finally fell on his
own sword. So why would you think the SEC would go hard, or
even go after a couple punks like MNTY? You have to watch out
for yourself and not expect too much from the human condition
of others to guard your money. After the American Civil War,
Frank and Jesse James went on robbing and killing for 15 years
and the law did nothing during all that time. Frank went
clean for the rest of his life; and I guess you know what
happened to Jesse--shot in the back of his head by who he
thought was a friend. So hang in there and move on. I did,
as I was a shareholder too.
Oddly enough, it doesn't seem like a good lawyer got them off the hook....afterall, a judgement was rendered against all the defendants in court, but it appears that after the SEC obtained the judgement they quit??? Their response to investors to contact the Texas Courts to obtain more information seems to indicate they do not know what is going on? A court might have the power to grant decisions, but it is up to the plaintiff (in this case the SEC) to proceed in attempting to collect. I do not understand why they have not tried to collect on there judgement, the defendants did walk away with the investors money...the defendants must either have the funds or some assets purchased with those funds. It really is discouraging to read that the SEC was already onto the schemes of the defendants prior to ECFL and MNTY in other pinksheet stocks, but they did not do anything to stop them sooner...if the SEC had, the defendants would have never been able to publish false news or even create ECFL/MNTY and none of us here would have lost money. I hope that the SEC will pursue this and see to the fair funds being established to reimburse investors. I am sure investors want to have faith in the purpose of the SEC and creating a fair funds and seeing to it that all investors who lost money (in what could have been avoided with proper regulation and enforcement) are reimbursed (with interest, would be nice) could go a long way in instilling a bit of faith back in the system. The investors are still here, we didn't forget.
Maybe we should start contacting someone at the top of SEC such as Mary Schapiro or Robert Khuzami(they, themselves, might be unaware of the ECFL/MNTY matter). Maybe they can assign the right person to this matter and finally get some resolve...afterall everyday that goes by there is more chance the defendants could spend the ill gotten funds and less likely the SEC can recover for the investors.
Can't sell mine (7 mil shares)Scottrade has the shares frozen, in limbo. It would cost me money to have the certs delivered for toilet paper or wallpaper use. What I would really like is the cover Jason and Des with the 10 bil shares and light a match and just watch. it would be very cruel but gratifing. Revenge is a dish best served cold.
A postage stamp? If so sure...how do we proceed?
i have 12 million shares of this stock. im willing to sell them for the price of a stamp. do i have any takers.
white collar crime does pay off, millions squandered and no jailtime, just like the Banksters in this country. no fear of going to jail, as long as it's not a violent crime. A good lawyer gets you off the hook. Why bother working for a living!!!
I understand that the SEC is not aware of any funds that have been recovered from Market 99 and suggests we continue to monitor the Division of Enforcement's webpage for updates. Also, an alternative to that is to contact the US District Court for the Northern District of Texas (Dallas Division), the court in which the SEC filed its complaint, for any information they may have about the Market 99 case. The following information was provided:
United States District Court for the Northern District of Texas (Dallas Division)
1100 Commerce St., Room 1452
Dallas, TX 75242
(214) 753-2200
ECF Help Desk: (866) 243-2866
http://www.txnd.uscourts.gov/index.html
235-8700 is the phone number of Schwab in Baltimore, Md. with an area code of (410)...
Perhaps it suggests that you should call your Schwab Broker for any updates??
Schwab has replaced the symbol with 2358700?????????? Well, if it is the kiss of death, I sure hope they remove it from my portfolio so I don't have to be reminded daily.
Scottrade shows my dead ones like this... (MNTY)
I guess the parentheses is the kiss of death...lol
Possibly, I don't even want to call to find out! LOL
Your broker probably shredded the certs...lol
New to board, lost my shirt on this one. Today my portfolio removed the ticker symbal, could any one explain?
You still holding ico-a
56 million
defending the room I got banned ... That's a
bummer...
Any
news yet on this baby
not a chance, not ever.... the cost to clean it up would be far more than simply buying another clean shell
Trust me, the Brola Bothers will never be "WINNINGGGG"
Pastor Phil: Do you think that this stock has any chance of coming back?
I guess that the even bigger question is...
Whatever has happened to the Brola Brothers?
Are they still in charge of this company at all?
Has anyone heard anything at all regarding anything at all that relates to this company, at all?
greed probably was a huge factor, too many greedy hands in the pot. I stood inside the first 99cent store where the transformer was stolen. It was as big as a grocery store, and a lot of build out was in progress. The location was superb, it's a real shame it didn't come to fruition. It would have make some serious revenue at 99 cents a pop.
Greed just plain and simple.
seriously, it did get stolen, and the sign permit also wasn't granted by the city, but in the end, Jason spent the cash as fast as it came in.
the transformer got stolen
And they are still poping up all over Texas!
It's just too bad...I mean really, How can you screw up a 99cent
shop in the middle of a down economy. Some of us here could have
managed that store.
Followers
|
256
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
76909
|
Created
|
07/29/06
|
Type
|
Free
|
Moderators |
CHOCTAW OKLAHOMA STORE UP FOR SALE...
10-01-2008 A letter from Jason to the stock holders:
http://sites.google.com/a/mymarket99.com/market-99-investors/
As most of you (MNTY shareholders) are already aware, the SEC has recently filed a lawsuit against me, Jason Brola, as well as several other individuals and numerous business entities.
On or about September 24, 2008, the SEC filed a suit within The UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION alleging I, along with other named defendants, violated various sections of the Securities & Exchange Act. The suit even went as far to say I "schemed" to "evade" a registration process for the shares I received from a third party.
Although the lawsuit does not include me nor my name as many times in which it does others, I am still of the absolute belief that the times I am included in the lawsuit are beyond unwarranted.
Please understand I am fully aware, there are many people out there who do in fact "scheme" via the OTC Market and use the Pink Sheet trading platform to scam people out of money, however I am absolutely not that person. Any company in which I have personally started and been a part of has been a very real and a very legitimate company with a legitimate business model.
In 2004, I started an ebay drop-off store company that employed approximately 12. We found our way into the Pink Sheets and began raising capital. I, along with my partner, opened a few stores, one of which was in McKinney, Texas, and the other in downtown Dallas, TX, on Elm Street. Due to the acceptance and interest from the public as well as the interested entrepreneurs who wanted to open their own drop-off stores we worked with a franchise firm from Chicago so we could begin selling franchises. We also had our own software developed so our franchisees would have access to an online platform which offered the most efficient tools to get the job done. Everything was going great until we were subpoena by the SEC and soon thereafter learned certain individuals had mislead us and lied to us while doing so. Many shareholders believed my partner and I were the culprits who stole their invested money but that proved to be the furthest from the truth.
In 2006 I wrote a business plan to once again use ebay as the platform…Enter eCarfly. I did approach a gentleman about buying the business plan from me for Free Trading Shares however I wouldn't exactly call that approach a "Scheme". My goal was to continue writing legitimate business plans which created real solutions for real problems. I thought I could write business plans and sell them much like a Song-writer does with music. If you create and put something to paper, which you believe to be of value, then you desire to be compensated for it, if it is sold. I was successful at making arrangements to receive shares in the company when it went public.
Once I received the shares, which were not stamped with ANY restrictions whatsoever, I took them to a local Fidelity Investments branch and asked to deposit them. The advisor at Fidelity was helpful and said I would be eligible to begin trading the security within 24 hours. Not one person ever advised me of any restrictions and especially the financial advisors whom you would expect to know whether a security was restricted or not. Nor did one person ever advise me of a need to register the security and especially the financial advisors whom you would expect to know whether a security needed to be registered or was simply classified as "Free-Trading". There was absolutely nothing in the world to stop me from selling the security and I had no reason to believe I was violating any law in doing so. Next, I did what anybody would do with securities and I sold my holdings over the next month or longer.
I realize this isn't a courtroom and it most certainly isn't the place to try a case for justice and I'm not posting this letter so to try and make someone feel bad for me or others. However, I felt it very necessary to at least try and give my shareholders and the investment community some insight into the allegations and the so-called "scheme" the SEC has alleged I created or carried out. Although I believe I am absolutely, positively 100% innocent of the allegations, I am truly embarrassed for all the shareholders of MNTY and apologize to each and every one of you for these circumstances.
I don't have any information to offer regarding an expected timeline or final outcome as to the lawsuit and at this point I believe it is better not to speculate. I will say my brother, James Brola, and I are continuing to try and resolve the issues regarding MNTY. I would also like to make clear any issues or reasons for which MNTY is being held at bay do not have anything to do with any actions taken by James nor myself. The filings in question are from April 2006 and do not relate to the above stated lawsuit, whatsoever.
Until a regulatory body informs me that there is absolutely no way Market 99, Ltd. (MNTY.pk) will be authorized to ever again operate as a normal Pink Sheet company, I will continue in resolving any and all issues, regarding MNTY.
Going forward, I have located and secured an additional Pink Sheet Symbol. I have made arrangements to utilize this additional pink-sheet entity as a holding company. I am exploring the possibility of having this holding company buy-out the assets and liabilities of MNTY so the shareholders of MNTY do not lose all they've invested BUT please understand this is not a promise for ANY buy-out, yet it is a potential backup plan, in the event FINRA or NASDAQ does not allow us to correct everything.
The holding company will most likely acquire the InVogue Accessories brand as well as other retail clothing boutiques and a new clothing label, of which I have already made initial agreements with, to be acquired.
My hopes are either MNTY will soon be given a stamp of renewal and approval by the powers that be OR our attorneys discover an efficient way to have the new holding company acquire all the assets and liabilities. I will keep you informed of any further progress regarding Market 99 and InVogue Accessories Corp.
Regards,
Jason Brola
CEO
Market 99, Ltd.
8-8-08
LANDLORD LOCKS OUT MNTY AT GUS THOMASSON STORE!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31338854
RECON FROM REDRAIN:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30692753
7-5-08 RS seems to have been delayed
NEWS: 6-24-08 JASON DOES REVERSE SPLIT http://ih.advfn.com/p.php?pid=nmona&cb=1214335577&article=27024632&symbol=PINK^MNTY
To see Accumulation/Distribution And Money Flow Index Charts for MNTY... http://stockcharts.com/h-sc/ui?s=MNTY&p=D&b=5&g=0&id=p30570677972
Transfer Agent Manhattan Transfer Registrar Co., 57 Eastwood Road Miller Place, NY 17764 Market99 Ltd Photos http://market99.myphotoalbum.com/view_album.php?set_albumName=album02&page=1
NAKED SHORT SELLING: http://investorshub.advfn.com/boards/read_msg.asp?message_id=25475111
DISCLAIMER: This is a message board, and nothing stated here is a guarantee of profitability. Stock purchases are risky. You should make your own decision before buying this or any stock.
RETRACTED PRS FROM ECFL http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30547823
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |