Orpheum Property Inc (PLFF)

[tdbowieknife]

Hey Michael Mulshine... Dang, misspelled your name in my previous posts... Seems you have no problem with sticking "investors" (victims) with untradeable shares... As with all the others stocks you were involved in with Blackburn and his gang... You are screwing the folks that paid your salaries plus some...

Michael Mulshine You are a thieving piece of shit...


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Grey Market


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[tdbowieknife]

Hey Mickael Mullshine... I take it you are not to happy with the SEC with them charging you with fraud and all... Trying to weasel out of dealing with them here by going dark with PLFF and going with pretend OTC filings?

LOL!!

Guess you don't give shit about the investors that are stuck with restricted shares... If the stock is deregistered they will NEVER be able to deposit there stock with a broker. Same as Treaty right??? Selling folks stock you know full well will never be tradable...

What a piece of scamming shit you are...


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[tdbowieknife]

Hey Michael Mullshine... You cant file for Termination of Registration of a Class of Security Under Section 12(g) (15-12g) Unless the filings are Current... They are not, PLFF is a couple years delinquent!

http://ih.advfn.com/p.php?pid=nmona&article=65323164

http://www.sec.gov/cgi-bin/browse-edgar?company=Orpheum+Property+Inc&owner=exclude&action=getcompany


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Grey Market


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[tdbowieknife]

News....

http://www.sec.gov/litigation/complaints/2014/comp-pr2014-281.pdf


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[USA*2014]

Ouch, someone needed to make a car payment today...

[tdbowieknife]

Are investors here aware of this...

Fraud, fraud and more fraud... Gwyn with the help of Reid ripped off his childhood friend...

In the lawsuit, New Orleans resident George Demmas claims

that Gwyn -- a childhood friend -- convinced him in May 2012 to invest $65,000 in a "fictional undivided interest in an oil well" on promises that he would earn $700,000 over 10 years in return.

That sale agreement was made through Rampant Leon Financial Corp. and signed by Reid, according to the lawsuit.

At Gwyn's urging, Demmas also decided to buy more than 810,000 shares in Treaty Energy for a total of $15,000 with an agreement that Demmas had to hold onto the shares for one year before selling them on the market, according to the lawsuit.

The lawsuit claims Gwyn "knowingly misrepresented material facts to and omitted material facts from" Demmas in both investments.

"In addition, Gwyn made continuing misrepresentations about the investments to induce plaintiff to hold the investments for a longer period of time than he otherwise would have and to delay plaintiff's actions in recovering or mitigating his losses," the lawsuit says.

Rather than the promised $3,000 or $4,000 per month, the lawsuit says, Demmas has received only a total of $700 on the oil well investment.

At one point, when Demmas complained about a lack of payments, Gwyn told him "that a supposed unnamed Russian investor had invested about $20 million in the investment and that Rampant needed to pay him back first before any of the other investors," the lawsuit says.

Meanwhile, Demmas' shares in Treaty Energy did not increase as Gwyn had promised, the lawsuit says, and Demmas couldn't find a brokerage firm willing to sell the shares after the one-year holding period.

Treaty Energy was trading Thursday at .0036 cents per share with a 52-week high of 4 cents per share.

http://www.nola.com/business/index.ssf/2014/05/former_metairie_futures_fund_m.html

A Metairie-based futures fund manager was suspended and his two companies permanently banned from the U.S. futures industry after allegations he misled investors, the regulatory National Futures Association said Friday.


Bruce A. Gwyn, of Metairie, the two firms' former principal, agreed to a seven-year withdrawal from membership in the National Futures Association, authorities said. His companies, Level III Management LLC and Level III Trading LLC, were barred.

The action came after the National Futures Association alleged that Gwyn willfully misled investors, including New Orleans area residents, by exaggerating the fund's value by the millions and using fund profits for personal expenses. Investors put their money in Level III Trading Partners LP, the commodity pool that the management firm operated.

The National Futures Association is a Chicago-based regulatory agency for the U.S. futures industry. Membership is necessary to conduct business on U.S. futures exchanges.


Gwyn could not immediately be reached for comment Friday. The NFA's decision says that Gwyn and his companies agreed to withdraw without admitting or denying any of the allegations.



According to the complaint, Gwyn told investors that the fund was valued at $1.7 million in December 2011 and $3.7 million in February 2012. The NFA said that in fact, the fund was invested in over-the-counter penny stocks worth at most $200,000 and stock in private companies that was worthless.

Gwyn used more than $200,000 from the fund on personal expenses including food, gas and spa services, according to the complaint.

National Futures Association also noted transfers to Gwyn's personal account that occurred soon after deposits came into the fund. For example, on Dec. 21, 2011, the fund received a wire for $44,000 from Alpine Securities Corp., a firm that held some of the fund's investments, the complaint alleges.

The next day, the fund transferred $44,000 to Gwyn's personal bank account, according to the complaint.

The remaining assets were in stock in privately held companies that "supposedly included oil and energy companies, a management company for businesses that own and operate specialty retail meat stores, and an entertainment production company that booked magic shows," the complaint says.

The report continues: "L3M and Gwyn failed to provide NFA with any current bank statements or other supporting documents from independent sources to demonstrate that the fund was actually invested in the above companies in 2011, and, if so, what the value of these investments were." The National Futures Association decided that those interests had no market value, despite the fund reporting the value at $650,000.

Gwyn would be required to pay a $50,000 fine before applying for membership after the seven-year disbarment.

Gwyn is listed as president, chief operating officer and director of New Orleans-based Treaty Energy Corp on the company's website. A message left at the company's office late Friday was not immediately returned.

He was also listed as a director of Axiom Global Properties, the New Orleans-based company that once operated under the name Orpheum Property Inc. and owned the shuttered Orpheum Theater. Disgruntled investors in that venture wrested control of the property in court last year and put it up for sale. A phone number listed on Axiom's website was disconnected Friday.

http://www.nola.com/business/index.ssf/2014/02/metairie_commodity_fund_manage.html#cmpid=nwsltrhead?_wcsid=01C1CA27A5E9FDF25DDFA9AA5EB135A4BE9FB61161E00C691B89DE01E74AF513


NFA...

http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0190801&case=13BCC00007&contrib=NFA


Then to top the NFA stuff all off Bruce Gwyn refuses to pay his lawyer...

More problems for Bruce Gwyn. Breach of contract.

Of course...

GRETNA – An Illinois-based financial services law firm is suing a Metairie man it claims did not pay him for services his business provided in representing him in a business complaint.

Peter J. Berman Ltd. filed suit against Bruce A. Gwyn in the 24th Judicial District Court on Feb. 26.

Peter J. Berman Ltd. alleges it was contracted by Gwyn to represent him in a complaint that was filed against him by the Business Conduct Committee of the National Futures Association. The plaintiff clams he provided a letter to the defendant explaining the fee and cost structure of their agreement and that the defendant never complained about the services that were provided to him. Despite providing legal representation to Gwyn that eventually resulted in a settlement that resolved the business complaint, Peter J. Berman Ltd. claims it was never paid the contracted fees owed.

The defendant is accused of failing to fulfill all his obligations, breaching the representation agreement and violating state law.

Damages in the amount of $179,828.79 is sought by the plaintiff.

Peter J. Berman Ltd. is represented by Thomas A. Roberts of New Olreans-based Barrasso, Usdin, Kupperman, Freeman & Sarver LLC.

The case has been assigned to Division E Judge John J. Molaison Jr.

Case no. 735-908.

http://louisianarecord.com/news/259546-financial-service-attorney-sues-client-for-allegedly-not-paying-179k-for-representation

[DSTAT]

IF those people that you claim know about certain things then that would be unethical business practices. If officers or affiliates are dumping shares then that is illegal without the correct procedure(s). Shareholders received no news of those happenings. Thus, your claim needs clarification.

"In the know" LOL! Really? Did you take that from a TV show or your local BS office jargon? Those who use that phrase are behind the curve and need a better way of referring to knowledge of another.

[mackfish]

Folk in the know are trying to dump. Doesn't take a Chrystal ball

[USA*2014]

So based on your response no concrete substance just opinion.

[DSTAT]

I am confident that this company will eclipse $3/PPS and maintain volume. The possibility of uplisting is very real. Strap it down boys and girls. Its going to be a fun ride. It will be a big plus to all. Hold on tight!

[USA*2014]

That's a heck of a prediction, $1.50. How can you verify the assets without them being current. Also, are you in touch with the company or management to ask questions? Also, what's your definition of long?

[DSTAT]

I predict that the price will drive upward so long as greedy fools don't try to dump a few shares and get some pocket change. We shouldn't be selling until this price is well over $1.50/share. I believe it will definitely get there based on many factors. Its a winner so go long on this one!

[USA*2014]

Lets hope the buying continues, 75% higher and were back to break even. Lets see some 100K buy days and get this beer party turned into a champagne toast.

[Pythia]

At this point I certainly agree. I am searching old records, and this is definitely worth having on the watch list. Maybe even a few buy orders in place

[USA*2014]

They just recently just came current with the State of Delaware, I think it was around 40 grand. I would expect they are working on being current or why else would they spend that kind of money? Time will tell but I'm looking for something good here.

[Pythia]

Yea, the SS is years out of date.

http://www.otcmarkets.com/stock/PLFF/profile

[DSTAT]

Morris has not been the CEO for quite some time. He did nothing but hold the company back and made bad decisions that cost time and projects. As a result, Tyrus had to take over as the CEO while holding the CFO position. This company has a very nice upside so long as they can keep their team growing with complimentary pieces. The ones they tried to implemented blew up in their faces. However, they seem to be back on track.

[Pythia]

I might could help, what are your honest thoughts on the CEO Morris Kahn, as well as Tyrus Young, Michael Mulshine and who is the treasurer.

[Pythia]

Yes, I too, like to see this kick off to a good start!

[Pythia]

That is very interesting. I would like to know more about PLFF.

[Pythia]

Does PLFF hold any promise? What is the big news coming?

[USA*2014]

I agree lets get this party started...

[DSTAT]

How can a company with millions in assets and revenues be trading at one cent? MAYBE they will get their act together and file their financials and get current again!? This is ridiculous! Let's get some movement! Crank off the assets and put that money to work!

[DSTAT]

A KNOWN 1ST PAYMENT DEFAULT MASTER THAT HAS DONE IT MANY, MANY OF TIMES AND SOMEHOW HAS STAYED OUT OF THE LAW'S HANDS

[fatopus]

Who is their chief investment officer?

[DSTAT]

There's a real problem with their "Chief Investment Officer" as shown on the company's website of www.axiomgp.com He seems to be embroiled in serious issues of numerous 1st payment defaults on "notes" that he created among other issues. This company needs to make changes immediately!

[USA*2014]

Come on guys lets get this party started

[mackfish]

I hear there were major problems with the duct cleaner invoices

[USA*2014]

Sounds about right...

[SmackDown]

I agree fmi81 that it was a good move to get rid of the theatre building at this point. The payment seemed to be like $30,000 per month with interest and penalities. Plus it would have been difficult to ever justify normal renovation costs for the amount of revenue that could have ever been generated by the building.

[tdbowieknife]

Looks more like to me that Reid, Gwyn and pals scammed everybody...

http://www.nola.com/business/index.ssf/2014/02/metairie_commodity_fund_manage.html#cmpid=nwsltrhead?_wcsid=01C1CA27A5E9FDF25DDFA9AA5EB135A4BE9FB61161E00C691B89DE01E74AF513

http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html

http://www.nola.com/business/index.ssf/2012/05/orpheum_theater_owners_have_be.html

[USA*2014]

Looks like they dumped the old building because the city refused to work with them, appears they made out excellent from this and that is good news to shareholders long term

[USA*2014]

Coffee Company is doing great

Even as the theater sat vacant, Orpheum Property Inc. expanded into new ventures, buying interests in companies that owned property in Mexico, California, Nevada and Belize in exchange for Orpheum Property stock. As recently as March of this year, the company issued a news release announcing another expansion -- the acquisition of a Honolulu coffee company called Coscina Brothers.

[tdbowieknife]

Disgruntled investors in the long-shuttered Orpheum Theater have taken ownership of the historic property and put it up for sale for the third time in eight years...

http://www.nola.com/business/index.ssf/2013/08/orpheum_theater_up_for_sale_ag.html

[tdbowieknife]

News!!

http://www.nola.com/business/index.ssf/2014/02/metairie_commodity_fund_manage.html#cmpid=nwsltrhead?_wcsid=01C1CA27A5E9FDF25DDFA9AA5EB135A4BE9FB61161E00C691B89DE01E74AF513

[USA*2014]

Are they still a Delaware Corp?

[USA*2014]

I know they have assets and would love to see them file

[dloggold]

Me too

[USA*2014]

Looking forward to some trading and stock rising

[mackfish]

They call EM " trustees"

[USA*2014]

Nope ...

[ls947]

do not know. think an independent ceo should be appointed

[mackfish]

Possibly another scam by the TECO people, and looming possibilty of lawsuits

[ls947]

My opinion is that the two properties are worth 10% of your values. Maybe PLFF should pay for an appraisal. I have 300,000 of those 15MM shares.

[USA*2014]

http://coffeeroasterhi.com/cs/Satellite?blobcol=urlimagefile&blobheader=image%2Fjpeg&blobheadername1=Content-Disposition&blobheadervalue1=inline%3B+filename%3Dcoscina-brothers-coffee-company-header-may-16-2012.jpg&blobkey=id&blobtable=UXImage&blobwhere=1335557855320&ssbinary=true&moddate=2012-05-23%2005:31:42

[USA*2014]

http://coffeeroasterhi.com/contact-coscina-brothers-coffee-company-honolulu-hi.html

[USA*2014]

[omnivore]

The value of those two properties was about 2.5-3 million and was a strictly stock purchase. Around 15 million shares based about .26 per share.

I think this stock has just been put in someones drawer and when they feel like it, will bring it out again. Any other information would be greatly appreciated.

Steve

[ls947]

value??

[omnivore]

a property in Tehachipi CA, one in Pahrump, NV and an interest in 400 beachfront acres in mexico with 340 million pounds of beach pebbles. Also, they just bought an Hawaiian coffee company two months ago