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Frank the stank fumigation over here too I c
I do not know why this one is still a public traded company. Companies like this should be made to go private then sink or swim but they should keep the public out of their affairs since they can not bring any Retail Value to their shareholders!
No movement whatsoever. Here’s to hoping…
Are there possibilities of repeating the rise of 2021?
That was some rather serious news that hit.
Looks like the SEC has finally caught up with pinky dirtbag>>>>>
Frank Igwealor et al.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26171 / November 19, 2024
Securities and Exchange Commission v. Frank Igwealor, Patience Ogbozor, Alpharidge Capital LLC, American Community Capital LP, GiveMePower, Inc., Kid Castle Educational Corporation, Los Angeles Community Capital, and Video River Networks, Inc., No. 2:24-cv-09941 (C.D Cal. filed Nov. 18, 2024)
SEC Charges CEO with Misappropriation of $2.2 Million and $6 Million of Illegal Stock Sales
The Securities and Exchange Commission announced today it filed charges against Frank Igwealor of Playa del Rey, California, the CEO of several microcap issuers, for engaging in a scheme to misappropriate $2.2 million from a microcap company he controlled to purchase a home, and illegally selling millions of shares of three other microcap issuers he controlled for a profit of approximately $6 million.
The SEC’s complaint, filed in the U.S. District Court for the Central District of California, alleges in November 2021, Igwealor and his spouse, Patience Ogbozor, illegally extended themselves a personal multi-million dollar mortgage from a subsidiary of GiveMePower, Inc. while Igwealor was the CEO of the company and Ogbozor was a director. According to the Complaint, Igwealor subsequently orchestrated sham transactions involving GiveMePower, two additional microcap issuers and a private entity that he controlled in order to obfuscate the original misappropriation, transfer the mortgage and ultimately avoid repayment. In addition, from July 2021 to February 2022, Igwealor allegedly sold approximately 663 million shares of three different microcap issuers he controlled, in excess of limitations under the securities law, applicable to him as a control person of these companies.
The SEC’s complaint charges Igwealor with violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 (“Securities Act”) and Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5 thereunder, and aiding and abetting violations of Sections 13(a) and 13(k) of the Exchange Act and Rules 12b-20 and 13a-1 thereunder, and charges Ogbozor with violating Section 17(a)(3) of the Securities Act and aiding and abetting violations of Section 13(k) of the Exchange Act. In its case against Igwealor and Ogbozor, the SEC seeks permanent injunctions, officer and director bars, civil penalties, disgorgement, and prejudgment interest as to both defendants, as well as a penny stock bar against Igwealor. The SEC’s Complaint also charges GiveMePower, Inc, Kid Castle Educational Corporation, Video River Networks, Inc., Alpharidge Capital LLC and Los Angeles Community Capital with securities law violations in connection with the mortgage-related fraud; and charges Alpharidge Capital LLC and American Community Capital, LP in connection with Igwealor’s illegal sales of securities.
The SEC’s investigation was supervised by Tejal Shah and Michael Paley and conducted by Abigail Rosen, Thomas Peirce, Ricky Tong, Leslie Kazon and Alex Lefferts of the New York Regional Office. The litigation will be led by Ms. Rosen.
Looking good, thin 2's are almost up.
GLTA
Ok, not gone. Today's buys may have been a Market Maker getting ready for a run.
1's are gone, time to move the bid/ask up.
GLTA
Depth of the bid just increased. Stronger base.
Frank cleaned that bs bid out
geez Jeff great optimism.
Hold on this, will have it's time soon.
GLTA
It took about 10 years for it to run up the last time. I’ll be like 80 years old before it runs again.
Maybe my great grandkids someday will make money off of this
This another one of franks failed scams, this a bottom dwelling scam
This thing comes out of nowhere when you’re not expecting it. That’s what It did last time. Just suddenly takes off.
no reason for it just goes lol
speculation, optimism, timing.
why do you say that? is there some news?
Buys coming in at .0001, showing .00001. ticker tape.
Dayum frank just slapped 70 mill on the ask at 1, he ain't playing
Wonder how long this turd of Frankie's will keep that bid...
That's a good thing I thought, do you know of a split about to take place?
I'm still holding 24 million shares since 2008and I hope that I can finally release this bag holding after 15 years.
I've been here playing this since 2008! Could not sell in 2020 because of the cease trade order restriction. Smells like something is brewing again soon. Looks like this stock only pop when market crashes.
I first played this in 2009 actually and has never done a reverse split since then.
I first played this in 2009 actually and has never done a reverse split since then.
I bought 9 million shares of this in 2010. After years of it doing nothing, I stopped looking at it for a while. And June 2021 It got massive Volume for some reason and I got out with my money back. I bought it .0001 and if I had held onto it, I would’ve made about $90,000 on my $900 investment. I’ll never live that one down. Lol
All of frank tickers fail, dude has no clue what he's doing he has no success stories
All of frank tickers fail, dude has no clue what he's doing he has no success stories
Looks like all interested parties at 1 bailed
Ypu know what's crazy, I just wanted to see the games they're playing. I have a million on the bid & it's not showing up.
Something must be brewing or a pump
It was there for 2 days. Once I posted about it…..the buyer took their order down later that day. It will be back. I’ll continue to grab 1s when I see the opportunity!
It's no 100 mill bid I only see 6 mill
100 million on the Bid! Let's go! I'm loaded and ready!
Bought a bunch more. Looks like next year, maybe. They are still hanging on to their PINK CURRENT
GLTA, see you next year.
https://www.otcmarkets.com/stock/NSPT/overview
Bid comes and goes. Hold on to your shares on this one, imo.
Thanks tundra1 for your input
This synopsis aka : "a synopsis of the accident". The symbol was just transferred to a new entity.
Legal has not caught up with the new entity or events.
There are many trading floors carrying this symbol. Hold tight, this event will change. IMO
The same happened to me on NSPT with my ETrade account,
but my Schwab account is still fine showing my NSPT shares.
ETrade said NSPT is registered as a lose for now, even though I never sold and put in a request to investigate, when the ETrade Rep looked on otcmarkets.com with me and saw they were PC and TA-verified, but ETrade has still has not gotten back to me.
So please let me/us know if you get any further info back from Etrade on NSPT and I will do the same if I get a response.
Thanks
Excellent base starting. Looking to move up soon.
GLTA
Finally Filled. GLTA
Are you sure you have the correct frank scam?
If you are going to trade at these levels, there are challenges. This ticker was just transferred to a new entity. Anything can happen. GLTY
pink current & has in fact had a transfer agent consecutively for the past 3 years .. I'm quite pissed that etrade can just come in & confiscate a ticker .. I have been holding that ticker for quite a while now & am down quite a bit on it. But again, it is pink current and has had a transfer agent so I am wondering if there is some rule/regulation that allows them to do that?
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