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Blackburn's new scam is GRLT...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118674033
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Buyer Beware
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And now Bruce Gwyn indicted and ARRESTED...
MONTGOMERY, ALABAMA (September 22, 2015) Hallie S. Dixon, District Attorney for the 28th Judicial Circuit, Baldwin County, Alabama; and Joseph P. Borg, Director of the Alabama Securities Commission (ASC) announced that Bruce Alexander Gwyn of Metairie, Louisiana; and James Anthony Ghio, of Fairhope, Alabama, were arrested by the Baldwin County, Alabama Sheriff’s Office following an indictment by an August, 2015 session of the Baldwin County Grand Jury in connection with alleged violations of the Alabama Securities Act. Gwyn turned himself in to Baldwin County officials on September 18, 2015 and was released on $20,000 bond. Ghio was arrested on September 12, 2015 and was released on a $20,000 bond. Both Gwyn and Ghio were required to surrender their passport Gwyn was charged with one count of Sale of Unregistered Securities, and one count of Sale of Securities by an Unregistered Investment Adviser. The securities registration charges are Class C felonies, punishable from one year and a day to 10 years’ imprisonment and a $15,000 fine per charge upon conviction. Additionally, Gwyn is charged with three counts of Fraud in Connection with the Sale of Securities; specifically, making an untrue statement of material fact or omitting to state a material fact and employing a device, scheme or artifice to defraud. The fraud charges are Class B felonies, punishable from two to 20 years’ incarceration and a $30,000 fine per charge upon conviction. Gwyn’s co-defendant, Ghio is charged with one count of Sale of Securities by an Unregistered Agent, a Class C felony, carrying a possible maximum sentence from one year and a day to ten years’ imprisonment and not more than a $15,000 fine per count upon conviction.
Another Lawsuit. It was ALL a scam... Rare Cuts was formed to hide assets...
https://drive.google.com/file/d/0B8fPIL-cKPM-VlpnYlotSWM1WUU/view
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Judgment for $760,955.21 and $25,000 for attorneys fees against Blackburn, Reid. Rampant Leon Financial and Orpheum Property's...
Blackburn and pals tried the same sort of Bullshit defense as they always do and again lost...
https://drive.google.com/file/d/0B8fPIL-cKPM-bThwS0hwcjhZVVk/view?usp=sharing
Non-jury trial date set for Feb. 1st at 9:30 AM... I believe the fraudulent inducement charge concerning this against all defendants will be dealt with then.
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Blackburn and Reid's lawyer bails in the million dollar unpaid for plane suit. The lawyer was of course not paid a dime...
1. On June 2, 2015 the Defendants orally engaged Movant to represent them in the case at bar and shortly thereafter jointly entered into a written contract with Movant that provided for the Movant’s and the Defendants’ respective obligations to each other relating to the instant lawsuit. Movant subsequently began to perform a variety of legal services for the Defendants in the case at bar pursuant to his contractual and ethical obligations.
2. Despite Movant’s performance of his obligations to the Defendants, the Defendants have wholly failed to perform their financial obligations to the Movant. Movant has regularly and frequently called upon the Defendants to perform their financial obligations to the Movant without avail. The contract between the Movants and the Defendants has therefore become unenforceable due to a complete and utter failure of the original consideration given by the Defendants to the Movant. Movant requests the Court to allow the Movant to withdraw from his representation of the Defendants.
Whatever the excuse it's Bullshit... Always is. The real answer is likely that they couldn't come up with the money... Anyway it's still dead.
Why hasn't "new management" disclosed in the filings the $800,000.00 lawsuit that Orpheum Property is named in as a defendant along with Ronald Blackburn, the guy that really runs PLFF??
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That was disclosed back on May 25th in an news release update.
http://www.otcmarkets.com/stock/PLFF/news/ORPHEUM-Shareholder-Update?id=105567&b=y
PLFF Year end pretend OTC filings filed...
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=140127
The Hotel deal is dead... Typical Blackburn PR fodder that then falls apart...
Subsequent to March 31, 2015, the Company elected to forego pursuing the purchase of the hotel property in Hattiesburg, Mississippi. The Company has up to six months to reverse the decision and finalize the purchase, though there are no immediate plans to do so.
Hearing for the default judgment was canceled... Seems these clowns finally got a lawyer to represent them... The lawyer better have had enough sense to get a retainer as theses guys pay nobody, including thier own lawyers... Hey Blackburn where is the Plane and why did you con-men thieves not give it back??? Now it's been sitting and the certification has expired... Is that your way of sticking it to the guy that sold you the plane in good faith? Cost a lot of money the kept jets up and maintained now it needs to be recertified before it can be flown... You cons are real asses.
Folks, these guys are a bunch of thugs that have like 30 lawsuits in courts in a dozen county's and several states. Breach of contract, non-payment and also several for fraud including one by the SEC for securities fraud.
De plane...
http://registry.faa.gov/aircraftinquiry/NNum_Results.aspx?NNumbertxt=N223BG
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Lawsuit against Orpheum Properties, Blackburn and Reid for Breach of Contract and Fraudulent Inducement...
30. As a direct and proximate result of Reid, Blackburn, and Orpheum’s breach of its contractual obligations as enumerated under the Guaranties, MFCC has suffered actual, nominal, and consequential damages in an amount exceeding $750,000.00.
PLFF is coming to life, interesting timing...
Stock headed up big time IMO
That impression would be wrong... It's typical Blackburn tactics to change up the front men when they are looking dirty. Blackburn's right hand man for years has been Michael Mulshine the guy that filed the Form 15 February 2nd. The "shareholder update" is classic Blackburn/Mulshine handiwork.
The Bullshit about PLFF now being "fully reporting" is typical bullshit theses scammers use for PR fodder. Nothing could be further from the Truth... And the Truth is this stock went dark and while they were years behind with SEC quarterly filings. PLFF is now "filing" unaudited filings on the OTC, which as NO regulatory authority. I have seen a filing posted on the OTC written on a napkin. They mean nothing and are rarely true and complete and certainly not fully reporting.
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This is setting up to move like teco
If you prefer investing with scammers, this is the place to be. I'm giving long odds
It looks like it has operating businesses and assets.It could have potential!
I have been following this for a while,and under the impression they were no long involved.
Must be a luxury hotel if they are wearing hoodies
The "hotel" is a typical Blackburn/Reid run it into the ground business...
I am in property management and I can tell this hotel does not make enough money to stay in business. Amenities were all "out of order" the staff was wearing hoodies with no uniforms (they were nice but did not look like they worked there) rooms were dirty and not maintained, doors to entries of buildings were left open and card readers didn't work for building (unsafe), people were smoking in the halls and it smelled like smoke everywhere, the front entrance was clean but after that it looked like a roach motel. Do not waste you time switched to Hilton Garden Inn which was excellent
Destat, Delogged and Denial. A visit to the optometrist isn't required to see this stock is another planned scam. There could be hundreds of Blackburns buddies in the scam business by now. Might be a good time to get into Red Wing, as shareholders in this scam will soon be walking
LOL! Already got an answer... This "New Management" has NO intention of withdrawing the from 15 as the have already posted Pretend filings to the OTC Markets today... Lord... Blackburn must feel like a new man... LOL!
If this "New Management" is for real thier first action should be to withdraw that form 15 and immediately file all delinquent filings.
What you say new management??
Ronald Blackburn is they guy behind the curtain of PLFF... Blackburn is a convicted felon that is now facing Securities Fraud Charges... As is Mulshine who signed a illegal form 15 that makes PLFF's SEC reporting status "dark" as in non-reporting if it becomes effective
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On or around June 28, 2010, Blackburn gained control of another publicly traded company, Orpheum Property, Inc
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
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