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SEC rips Michel Mulshine's Motion to dismiss... Threatens sanctions...
https://drive.google.com/file/d/0B8fPIL-cKPM-MkI4a2FmMHEyckk/view
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Dark Non-reporting
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It may have some impact but believe it will be diminished by company news and progress.
I just had originally thought this news was dated more recent, I do realize
It's bearing
Lol this is dated 12/14/14
PLFF CEO's face SEC fraud charges...
SHERMAN, Texas (CN) - A felon and his "hand-selected team of associates" sold millions of dollars of "virtually worthless" stock after making up a major oil strike in Belize, the SEC claims in court. The SEC sued defendant Ronald L. Blackburn et al. on Monday in Federal Court.
The SEC describes Blackburn as a "convicted felon," and claims he controlled, and may still control, co-defendant Treaty Energy Corp. It accuses Blackburn and five others of manipulating the price of Treaty stock in a fraudulent campaign that included the announcement of a bogus oil strike in Belize.
Blackburn et al. raised $4.9 million through their shenanigans, the SEC says. Blackburn, 68, of New Orleans, served 33 months in federal prison for income tax evasion, and was released in August 2002, the SEC says. A bankruptcy trustee sued him in 2009 for fraudulent transfers to himself from another company, and he agreed to pay $1.3 million, according to the SEC complaint.
In its Dec. 15 lawsuit, the SEC also sued Andrew V. Reid, 45, of New Orleans, Treaty's CEO; Bruce A. Gwyn, 54, of New Orleans, Treaty's co-CEO and COO; Michael A. Mulshine, 75, of Brielle, N.J., Treaty's corporate secretary ; Lee C. Schlesinger, 45, of New Orleans, Treaty's chief investment officer ; and Samuel E. Whitley, 38, a Houston-based attorney. The SEC claims that Whitley, serving as Treaty's outside corporate and securities, wrote more than 100 opinion letters about the tradability of Treaty stock.
The SEC seeks disgorgement, penalties and injunctions.
The SEC Complaint...
http://www.sec.gov/litigation/complaints/2014/comp-pr2014-281.pdf
http://www.courthousenews.com/2014/12/16/sec-says-felon-is-up-to-old-tricks.htm
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There were talks of the other type of company but as I understand it was just talks.
Wrong coffee company. I'm not talking about the one In Hawaii.
Update: Sources say that the coffee company is them as well as a few other companies. Also, if blackburn is running things he won't be for long with his record. He sucked enough people into stuff to be ousted and have legit people in place instead. Hopefully by some official order.
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Personnel changes with more coming as sources explained. This could be the case of the bad going not-so-bad. They didn't set the bar too high in being forthcoming about their legal woes but maybe they're trying to turn a corner. But sources tell me some good things are actually happening. The only way to confirm would be through them but I guess its hard to get a hold of anyone there. Who knows? I do remain confident that this beast could dress up for the ball and get a date. There are good indications if you're smart with a keyboard you could possibly see some of it for yourself. Shareholders don't get much information at all so they're about as useless as tits on a bull. Anyway, that's what sources tell me. We'll have to wait and see I guess.
They are said to have a few operating businesses with solid sales. I'm keeping positive on this one for that reason alone. If there are personnel changes that need to be made, so be it. Its probably better for the company anyway. Still, they appear to be making some real money from real operations. Will keep all posted as more information comes available.
Indeed they can be viewed as red flags. However, the company's asset and revenue base tells a very different story.
LOL! They filed a form 15 and went dark because they are several years delinquent with SEC filings and are trying to avoid a SEC suspension and relegation to the Grey Market like that befell Treaty Energy... All huge RED flags...
The form 15 does not become effective for 90 days so there is a chance the SEC denies the deregistration and suspends them anyway because they do not qualify for deregistration as they are supposed to be current with SEC filings at the time of submitting a form 15.
LOL!
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Grey Market
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A move to the Pink Sheets is what was announced on Feb 2. They are still alive.
This company is far from dead. Just because some bad apples are in the basket the whole bunch is not rotten. You cannot claim that people had a hand in bad moves if they are not a party to the actions. We shall see what happens with the company in the near future. In the meantime, PLFF marches on.
Haha he's an idiot
Y'know... I was going to say it was tough to tell, but I could SWEAR I had just re-read the details on the article below:
http://www.dailyherald.com/article/20130114/news/701149807/
and they didn't match up with Sal's supposed LinkedIn resume (for whatever that's worth)-
Sal's LinkedIn resume:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111043134
But now, just BRIEFLY AFTER I've POSTED THE SAL STORY on the RIGH board, the DailyHerald link above has been stripped of details!!
It sounds crazy, I know, but I've seen these guys react quickly to IHub posts before, removing links and securing a site.
Fortunately, I took a full copy recently of what the article and one other newer one said:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110348548
The link above contains the text of what, UNTIL VERY RECENTLY, was on these sites:
http://www.dailyherald.com/article/20110805/news/708059780/
http://www.dailyherald.com/article/20130114/news/701149807/
So it looks as though someone (Tuzzolino?) has sent a request to the Daily Herald to remove the articles!
Wow... I'm just floored by this... I know I looked at those links directly, perhaps as recently as today, and now the text of the stories is "redacted"?
Makes me think this is getting too close to someone...
BTW... great work on the TECO guys!!!
FD
Interesting... Is this the same guy??
http://www.highbeam.com/doc/1G1-314942724.html
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Thanks for the heads-up, tdbowieknife-
It helped flesh out research I had been doing on Salvatore Tuzzolino, the guy who traded two parcels of land worth ~$100k MAX for $3,795,000 worth of PLFF stock:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111043036
Great research on your part, tdbowieknife! (I've read your TECO stuff, too)
Great job!
All the best,
FD
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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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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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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Are investors here aware of this...
Fraud, fraud and more fraud... Gwyn with the help of Reid ripped off his childhood friend...
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.
Folk in the know are trying to dump. Doesn't take a Chrystal ball
So based on your response no concrete substance just opinion.
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!
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?
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!
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.
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
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.
Yea, the SS is years out of date.
http://www.otcmarkets.com/stock/PLFF/profile
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.
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.
Yes, I too, like to see this kick off to a good start!
That is very interesting. I would like to know more about PLFF.
I agree lets get this party started...
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!
A KNOWN 1ST PAYMENT DEFAULT MASTER THAT HAS DONE IT MANY, MANY OF TIMES AND SOMEHOW HAS STAYED OUT OF THE LAW'S HANDS
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!
I hear there were major problems with the duct cleaner invoices
Sounds about right...
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