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yeah im in!
i tried filling at 07 and 08 for a while, then hit instantly at 09 ask
my first shell play, not looking for greed, but wouldn't mind a few hundred % 6months-1yr
Wow when you jump in you really jump in. Nice!!
Wonder if LoScalzo's 300K PALTQ shares are still in his pocket and if they survived the bankruptcy. What I find interesting is that the SC 13D was filed a couple of months AFTER the company declared BK. Wonder when he bought them.
http://www.sec.gov/Archives/edgar/data/773724/000123071903000005/rlos213d.txt
he might, these guys tend to follow patterns to some degree
Here's the really interesting part. Michael Anthony took APGE at the exact same time as he took over PALTQ, right after the bankruptcy was discharged and final loose ends were completed on BK. He then filed 47 10q's and 10k's on APGE, brought it fully reporting and uplisted it to otcbb. Maybe, he will do the same for PALTQ. Here's the excerpt from APGE filing that shows timing of BK and Anthony taking over.
Apogee Robotics, Inc. ("Apogee" or the "Company") was founded as a Colorado corporation on June 29, 1983 and was reinstated by Colorado on March 15, 2007.
On June 17, 1997, the Registrant filed a voluntary Chapter 11 petition under the U.S. Bankruptcy Code in the U.S. Bankruptcy Court District of Colorado was converted to Chapter 7 (case no. 94-22193). On March 05, 2007 this Chapter 7 bankruptcy was closed by the U.S. Bankruptcy Court District of Colorado
Things are coming together nicely! Great DD!
obviously he wanted after it was cleaned
Very nice work Rainmaker, thanks to aries also!
Thanks, here's a copy of docket report for PALTQ's Bankruptcy.
Thanks to aries4747 for helping me get this info.
Two things, one bankruptcy case has been closed and discharged. Secondly, the last loose ends were tied up when they withdrew unclaimed funds left in holding account on 9/27/07.
Shell definitely looks cleaned with all old debts discharged. Michael Anthony showed up right after final holding account was closed.
Docket Report
10/24/2006 521 Bankruptcy Case Closed. (Gomez, Edy) (Entered: 10/24/2006)
10/26/2006 522 BNC Certificate of Mailing (Re: 520 Final Decree and Discharge of Trustee) Service Date 10/26/2006. (Admin.) (Entered: 10/27/2006)
11/13/2006 523 Application to Withdraw Unclaimed Funds in the Amount of $3453.28 Filed by Creditor Coastal Remanufacturing & Lumber, Inc. (Weldon, Melva) (Entered: 12/12/2006)
12/12/2006 524 Order Granting Application to Withdraw Unclaimed Funds (Re: # 523) (Weldon, Melva) (Entered: 12/12/2006)
12/14/2006 525 BNC Certificate of Mailing - PDF Document (Re: 524 Order on Application to Withdraw/Pay Unclaimed Funds) Service Date 12/14/2006. (Admin.) (Entered: 12/15/2006)
12/19/2006 526 Transcript of August 13, 2003 Hearing (Re: [220] Amended Chapter 11 Plan, filed by Debtor Pallet Management Systems, Inc., Debtor Abell Lumber Corporation, Debtor Pallet Management Systems Of Indiana Inc, [206] Chapter 11 Plan, filed by Debtor Pallet Management Systems, Inc., Debtor Abell Lumber Corporation, Debtor Pallet Management Systems Of Illinois, Inc., Debtor Pallet Management Systems Of Indiana Inc) and Fee Applications (Tooks, Ida) (Entered: 12/19/2006)
12/19/2006 527 Transcript of September 24, 2003 Hearing on All Matters on the Calendar (Tooks, Ida) (Entered: 12/19/2006)
09/17/2007 528 Application to Withdraw Unclaimed Funds in the Amount of $1498.85 Filed by Interested Party Nottoway Lumber Sales, Inc. (Jeremiah, Leonard) (Entered: 09/19/2007)
09/23/2007 529 Order Granting Application to Withdraw Unclaimed Funds (Re: # 528) (Shafron, Judy) (Entered: 09/24/2007)
09/26/2007 530 BNC Certificate of Mailing - PDF Document (Re: 529 Order on Application to Withdraw/Pay Unclaimed Funds) Service Date 09/26/2007. (Admin.) (Entered: 09/27/2007)
Rain....just came across your posts on PALTQ, excellent work once again. Looks like you have found a huge potential winner here. I will be taking a position shortly.
I appreciate the nice comments! We definately have ourselves a special shell imo, now it's just a matter of time as for all good shells. Have a great weekend all.
I thought sons was a moderator..Nevertheless, he is a good source ( and would be a good assistant).
When you enter the shell arena you are in a totally different game indeed..Any DD is critical. This one is full of great DD by these board moderators (whom I have grown to appreciate from past experiences). Looks very solid..One thing which is critical for you to be aware of as a newbie, is the need to put aside money for ALL shells that you will not need soon.. You have already taken the first greatest step by getting in early (as the float on these low O/S shells gets chewed up quickly). The rewards of being patient will often bring "multifold" gains.
Yes, Mr. Anthony is one of my favorites, who has a lot on his plate..This being his was one key factor for me buying here..
most likely a good bargin here . the more i look into the shell story the better this qualified this looks. Then theres the xfactor of it possibly becoming a real gem . It has all the markings of one so far.
have a great weekend, sorry for all my beginner's comments and questions, i'm sure they test the experienced shell investor.
my guess is m anthony must be real busy ,he seems to be on the board of many companies. i wonder how many ,whats his schedule like ? sheesh
I know what you mean..LOL..I just got lucky yesterday am..
noone was gonna tell me about this one? That ain't right!!!!
Same here have a nice weekend all. Good first two days for this board. When I started the board PALTQ was .022 X .06, today at the close 4 mm's were on the bid at .09 X .14, last trade .14
Bid up over 300%, ask up 120%. Plus, we survived the Friday selloff that hit a bunch of other pennies today.
Same to you toad!! See you guys MONDAY...!
;)
Nice close! Have a great weekend everyone,,,,,,,
20 minute breakout??? ;)
PALTQ bid ut, now .115x.14 (1x2)
Somebody smack it!! im all out lol...
10k took out the .11's! There are no shares left
BRING IT! .14 up
Thin as a mofo!lol
Sounds good, you have a great weekend also!!
I think he might have been testing how little money could affect the price....he chased it too ;)
sounds good to me, i wanted to ask those questions just incase---- thanks for the replies, this being my first shell play .As i've said Rain and others seem to know alot ,as in ,much more then little ole me. Great shell-DD here.
Looking at the 6mnth chart you can clearly see Mr Karp caused the spike due to his buying ,now i wonder why he didn't buy in smaller amounts to get a better price ,opposed to the big blocks causing the pps to rise . Perhaps bit of a rush job --yet he might of wanted to get the pps going but no news followed other then M Anthony opening shop.Perhaps money isn't a issue for Karp but 6=% ownership was. Since im poor i'd nickle and dime it all the way if i we're him. My 2nd order might be getting filled now at .09 ,not buying huge here "incase" MM's take it down .So i will as they say dollar cost average (term from my mutual fund days --- yes a tell). GLTA ,have a good weekend.
true. but usually more sellers on fridays...I play it by feel anyways
I saw that, he just downticked on light selling. Like you said Rainmaker, patience is key with these shells!
Seems to be some selling today, but it is Friday and a good chance for more cheapies next week!
Typical Friday where people have no patience it seems.
I'll be all over it...again
I hope so but come Monday I'm buying more where ever the PPS is, the more I read and connect these dots the more I like this as a potential life changer. This is my new savings acct and hope the interest payoff is huge!! :)
I'm watching closely to add, I figure we may have some flip out for the weekend, as traders often do
If it wasn't Friday and if I wasn't down on some of my others, I would be selling those and buying more here at these prices. If Karp can spend $50k at .20, .11 is a great place to add imo!
Rainmaker is good at his DD...but nothing is 100% assured. I feel good about this one, but I was also in early
Starting late today. Just one question for you? Re-read my initial post on PALTQ. All I did I post a series of verifiable events and say it looks like something big was going on? How is that pumping? Everything in my post had links to verify my sources, isn't that what DD is all about?
Secondly, this is a series of events that take a little time to unfold. First M.L. Stern guy aquired a substantial stake in a dead shell. Then one of the most high profile shell facilitators reactivates that shell. Next comes a merger which is the next event we wait to unfold.
PALTQ (.06) What happens when a Beverly Hill Brokerage owned by one of the Nations largest life insurance companies teams up with a High Profile reverse merger specialist?
Imagine if the shell they used for the reverse merger only had 4 million shares outstanding. That's exactly what's happening with PALTQ. Senior VP for ML Stern & Co. buys $50,000 worth of PALTQ on the open market during the summer. Then magically Michael Anthony reinstates the shell a few weeks ago. Something big is up here. They paid almost .20 per share to buy 6.25% of PALTQ. Did PALTQ just exit bankruptcy and now ML Stern & Co. and Michael Anthony have big plans?
SCHEDULE 13D Pallet Management Systems Inc.(PALTQ)
Filed July 10, 2007. (4,000,000 total shares OS)
NAME OF REPORTING PERSONS Michael Karp.
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 250,000
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.25%
Mr. Karp is a Senior Vice President at M.L. Stern & Co., LLC,
8350 Wilshire Blvd.,Beverly Hills, CA 90211, United States of America. Beverly Hills Stock Broker ML Stern & Co, owned by one of the ten largest life insurance companies in the nation.
A subsidiary of Pacific Life Insurance Company, http://www.mlstern.com/
Transactions effected during the past sixty days: Mr. Karp acquired following shares of PALTQ.
60,000 shares on June 15, 2007 at $0.105 per share,$6300
7,300 shares on June 15, 2007 at $0.11 per share,$803
5,000 shares on June 18,2007 at $0.15 per share,$750
20,266 shares on June 18, 2007 at $0.17 per share,$3455
5,000 shares on June 18, 2007 at $0.18 per share,$900
5,000 shares on June 18, 2007 at $0.19 per share,$950
30,000 shares on June 18, 2007 at $0.20 per share,$6000
35,000 shares on June 19, 2007 at $0.25 per share,$8750
2,434 shares on June 19, 2007 at $0.26 per share,$633
5,000 shares on June 20, 2007 at $0.22 per share,$1100
46,150 shares on June 20, 2007 at $0.25 per share,$11,537
28,850 shares on June 21, 2007 at $0.26 per share.$7501
Detail by Entity Name
Florida Profit Corporation PALLET MANAGEMENT SYSTEMS
Last Event REINSTATEMENT Event Date Filed
10/25/2007
Name & Address
Title PVD
ANTHONY, MICHAEL
330 CLEMATIS STREET, STE 217
WEST PALM BEACH FL 33401 US
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------------
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1) (1)
Pallet Management Systems
Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.001
per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
696435304
--------------------------------------------------------------------------------
(CUSIP Number)
Michael Karp
c/o M.L. Stern & Co.,
LLC
8350 Wilshire Blvd.
Beverly Hills, CA 90211
(858)
259-3400
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 25,
2007
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject
of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check
the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of
the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
----------
(1) The remainder
of
this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The
information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act
(however, see the
Notes).
<PAGE>
CUSIP No. 696435304
---------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY)
Michael Karp
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [
]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
[_]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
250,000
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
250,000
10. SHARED DISPOSITIVE POWER
0
11.
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN
SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.25%
14. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 696435304
---------------------
Item 1. Security and Issuer.
The name of the issuer is Pallet Management Systems Inc, a
Florida corporation (the "Issuer"). The
address of the Issuer's offices is 2855
University Drive, Suite 510, Coral Springs, Florida 33065,
United States of
America. This Amendment No. 1 to Schedule 13D
(the "Amendment") relates to the Issuer's Common Stock,
par value $0.001 per
share (the
"Shares").
--------------------------------------------------------------------------------
Item 2.
Identity
and
Background.
(a) Michael Karp
(b) The principal business address for Michael Karp is c/o M.L. Stern
& Co., LLC, 8350 Wilshire Blvd., Beverly Hills, CA 90211, United
States of America.
(c) Mr. Karp is a Senior Vice President at M.L. Stern & Co., LLC,
8350 Wilshire Blvd., Beverly Hills, CA 90211, United States of America.
(d) Michael Karp has not, during the last five years, been
convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Michael Karp has not, during the
last
five years, been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction
and as a result of such
proceeding was or is subject to a
judgment,decree or final order enjoining future violations of, or
prohibiting or
mandating activities subject to, Federal or state
securities laws or finding any violation with respect to such
laws.
(f) Michael Karp is a citizen of the United States of
America.
--------------------------------------------------------------------------------
Item 3. Source and Amount of Funds or Other Consideration.
As of the date hereof, Mr. Karp used personal funds to purchase the
shares.
--------------------------------------------------------------------------------
Item 4.
Purpose of Transaction.
The shares were accumulated using personal funds over a period of one week
solely for purposes of investment by the Reporting
Person.
THE REPORTING PERSON HAS NO PLANS OR PROPOSALS THAT RELATE TO OR WOULD RESULT
IN:
(a) The acquisition by any person of additional securities of the
issuer, or the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any
of
its subsidiaries;
(c) A sale or transfer of a material amount of assets of the
issuer or any of its subsidiaries;
(d) Any change in the present board of directors or
management of
the issuer, including any plans or proposals to change the
number or term of
directors or to fill any existing vacancies
on the board;
(e) Any material change in the present
capitalization or dividend
policy of the issuer;
(f) Any other material change in the issuer's business or
corporate structure including but not limited to, if the
issuer is a registered
closed-end investment company, any
plans or proposals to make any
changes in its investment
policy for which a vote is required by section 13 of the
Investment Company Act of 1940;
(g) Changes in the issuer's charter, bylaws or instruments
corresponding thereto or other actions
which may impede the
acquisition of control of the issuer by any
person;
(h) Causing a
class of securities of the issuer to be delisted
from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of
a registered national securities association;
(i) A class of equity securities of the issuer becoming eligible
for termination of registration pursuant to
Section 12(g)(4)
of the Act; or
(j) Any action
similar to any of those enumerated
above.
--------------------------------------------------------------------------------
Item 5. Interest in Securities of the Issuer.
Provide the following information regarding the aggregate number
and percentage of the class of securities of
the issuer identified
in Item 1.
(a) Amount beneficially
owned by Michael Karp: 250,000 shares.
(b)
Number of shares as to which Michael Karp has:
(i) Sole power to vote or to direct the vote 250,000
(ii) Shared
power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the
disposition of 250,000
(iv) Shared power to dispose or to direct the
disposition of 0
(c)
Transactions effected
during the past sixty days: Mr. Karp
acquired 60,000 shares on June 15, 2007 at $0.105 per share, 7,300
shares on June 15, 2007 at $0.11 per share, 5,000 shares on June 18,
2007 at $0.15 per share, 20,266 shares on June 18, 2007 at $0.17 per
share, 5,000 shares on
June 18, 2007 at $0.18 per share, 5,000 shares
on June 18,
2007 at $0.19 per share, 30,000 shares on June 18, 2007
at $0.20 per share, 35,000 shares on June 19, 2007 at $0.25 per share,
2,434 shares on June 19, 2007 at $0.26 per share, 5,000 shares
on June 20, 2007 at $0.22 per share,
46,150 shares on June 20, 2007
at $0.25 per share, 28,850 shares on June 21, 2007 at $0.26 per share.
--------------------------------------------------------------------------------
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect
to Securities of the Issuer.
There are no contracts,
arrangements,understandings or relationships (legal
or otherwise) between the Reporting Person and any person with respect to any
securities of the issuer, including but not limited to transfer or voting
of any of the securities, finder's fees, joint ventures, loan or
option
arrangements, puts or calls, guarantees of profits, division
of profits
or loss, or the giving or withholding of proxies, naming
the persons with
whom such contracts, arrangements, understandings or relationships have
been entered
into.
--------------------------------------------------------------------------------
Item 7. Material to be Filed as Exhibits.
None.
--------------------------------------------------------------------------------
<PAGE>
SIGNATURE
After reasonable inquiry and to the
best of my knowledge and belief, I
certify that the information
set forth
in this statement is true, complete and
correct.
July 10, 2007
-----------------------
(Date)
/s/ Michael Karp
-----------------------
Michael Karp
* The
Reporting Persons disclaim beneficial ownership of the securities
re
http://www.sunbiz.org/COR/2007/1114/18140234.tif
Detail by Entity Name
Florida Profit Corporation
PALLET MANAGEMENT SYSTEMS, INC.
Filing Information
Document Number F87511
FEI Number 592197020
Date Filed 06/10/1982
State FL
Status ACTIVE
Last Event REINSTATEMENT
Event Date Filed 10/25/2007
Event Effective Date NONE
Principal Address
330 CLEMATIS STREET, STE 217
WEST PALM BEACH FL 33401 US
Changed 10/25/2007
Mailing Address
330 CLEMATIS STREET, STE 217
WEST PALM BEACH FL 33401 US
Changed 10/25/2007
Registered Agent Name & Address
INCORP SERVICES, INC.
17888 67TH COURT NORTH
LOXAHATCHEE FL 33470 US
Name Changed: 10/25/2007
Address Changed: 10/25/2007
Officer/Director Detail
Name & Address
Title PVD
ANTHONY, MICHAEL
330 CLEMATIS STREET, STE 217
WEST PALM BEACH FL 33401 US
Annual Reports
Report Year Filed Date
2005 10/25/2007
2006 10/25/2007
2007 10/25/2007
I made truckloads of money thanks to Rainmakers DD,,,,,,,,Pumper??? Na,,,,,,,Hard facts and stone cold DD,,,,,
Rainmaker provides some excellent dd on many stocks, imo you should be thanking him not questioning him. All you have to do is look at the research that Rainmaker provided and make your decision based on what you think. It's crystal clear what we have here.
We get 2.00 easy with any kind of announcement,,,,,,4 mil O/S,,,, 10 mil A/S,, This play is perfect!
Karp didnt spend 50k for nothing,,,,,,especially when he paid .20+ for most of'm,,,,
ameritrade gave me some ....give me more too
target new highs ,30-50 cents short term , long term 2.00 (yrs away)
traders will flip where needed ,yet core positions might be a good idea ,since this baby has nasdaq listing all over it ,gut feeling here.
of course we will see
my only worry is that since i don't know rain very well ,is he a pumper? anyone here get that feeling? I only ask since im a newbie. (no offense taken please--seems he's rather professional,yet he could be m anthony for all i know)
should get there without a problem, IMO
Yep only down cause of a 12,500 bid whack,,,,,,,,as soon as the ask gets hit again I bet we uptick,,,,,,Float has to be gone,,,,,,imo
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