Moochalian is a criminal. He has stolen a lot of money. A good attorney should be able to tie the sleezy POS in personally. He was acting as a criminal; not as an officer of a company. I'm sure his pockets are pretty deep with all his and his son's ill gotten gains.
Whoever said that basically don't know what they are talking about, and they don't understand Risk Management. It's called 'correlation'. The goal is to spread the risks, and minimize correlation across sectors. In other words, purchasing two American airline stocks is not well diversified because they are in the same sector. So if the American airline industry as a whole gets hits with bad news, then most American airline stock prices get hurt together.
I'm afraid that even if you won the law suit, this company has no money to compensate the SH.
I don’t remember who said it but it is out there: Diversification is a convenient method for those who don’t know what they’re doing!!! Anyways!!! Trying to find a good lawyer that can make a case against this Con artist and make him pay, at least a couple of large in court
Adequate diversification is one way to help reduce the risk. But there is no doubt it, penny stock land is a dangerous landscape full of landmines. IMO it's best to limit the $ invested in this sector/segment.
Ohh yeah but in OTCM many times dont matter the DD you do, there are certain, important layer of information that you will not be capable to reach, many times until it is too late. This is why many say: This is where fools money goes!!!
https://www.sec.gov/litigation/litreleases/lr-25726 It does not matter, the team was natty. Wondering if we could sue to get our money since the SEC did serve them
Even when researching adds up to potential… it’s hard to anticipate how things will play out .. the patent and data are definitely valid / real … I’ve been using the products and continue to use them as I like the results of using them … but, big pharma and the fda make it a financial Mount Everest so to speak to climb …
As penny noted - all one can and should do is their own DD …
That also "Drives the Point Home" to NEVER listen to another investor buy recommendations without first doing your own DD.
Man, I have always wondered what Dragon Lady found in that trip to the DR that shifted her view against QNTA. I remember she was on "Ride Or Die" mode with QNTA until she made that trip. She never explained what she found but we all know the scam this company is. My cousin went and never found a company formed for the A products and the Scorpion Venom facilities was all fake
Great company for PW and JediMozart... shareholders not.so.much.
It's a great company. EOM
Where's their company "shill", I forgot his name posted every day saying it's a "great company" blah blah blah bullshot. I think it was one of the owner's kids since he wanted to get into the family scamming business. What a SH*T Show this was. GL
Absolutely... yes. But that won't get our money back.
I'm a shareholder. I went long with this. I listened too much to - "you know who". For now I'm a stuckholder. Fortunately I did not bet the farm on this because I knew that I should do my own DD and I knew that I should diversify. Nevertheless, I'm a stuckholder hoping this will resurrect from the dead. There is some element of hope, now that the SEC is behind them. But it's a crapshoot at best.
PennyWorld, you and Jedi, have always been tickled pink at the prospect of being defrauded and swindled. All the while, claiming to be shareholders. Should everyone be suspicious?
Do you think Moochaelian criminal activity, targeting shareholders, provides sufficient motivation to be upset?
Investors Beware. Some investors can be BULLISH one second, which lures in other investors. Then turn BEARISH on a dime. Do your on DD. Here is such an example (one of many). Buyers Beware!! JMHO
Re: cjstocksup post# 4695
Tuesday, May 25, 2021 1:53:49 PM
Post# 4697 of 13723
This is HUGE for QNTA shareholders!
May 22, 2021, the registrant had 176,458,527 shares of Common Stock outstanding.
You got it cj - it's a SPECTACULAR and almost unheard of LOW and LOW FLOAT share count for any OTC company !!
And this is the final POST MERGER NUMBER - which involved a large share issuance of approx 70 million, etc.
ALL NEW MGT from the MedoLife Rx merger (now fully completed) and they made it patently clear in the newly filed SEC 10-Q of today, "WE ARE CLEANING UP LEGACY PROBLEMS left by prior mgt team" etc.
That share count could DOUBLE IN THE NEXT YR - and STILL = a mega low floater and low share count for any growth company :)
Their A/S (available share count) is set at a paltry 500 million = they do NOT plan on massive dilution going forward !
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
Arthur AND Grant Mikaelian FILTHY CRIMINALS !!!
Thanks for the sticky, Shoon -
Holy heck...I got the time to read the entire "Formal Complaint" as filed with the court and WTF...the Mikaelian clan were DIRTY AS A TRUCK STOP TOILET SEAT where the girls are turning cheap tricks for $10 bucks a "pop"......DIRTY CRIMINAL CONS......
READ THAT COVER TO COVER KIDS - and then NEVER EVER "believe" ANY bullshit pumped by any penny stock cons....ever again.....
EVERYTHING about QNTA-CON was a lie and pure fraud....and I mean everything.....
Arthur "installing" his PUNK ASS DUMBSHIT KID as "VP" was GIANT red flag already...but holy hell that was just the tip of the stink on this crime scene......!!!!!
1) Arthur and THE PUNK Grant openly committed fraud and LIED to the freaking FDA !!
2) Arthur "COOKED THE BOOKS" and created a fully scam and 100% false "PO ORDER" the $198K PUMP.....
3) That FAKE PO was a scam with a "HALF BROTHER WHO LIVES OUTSIDE THE USA" blah blah....remember the trips to OLD MOTHER RUSSIA or wherever the hell that ass hat was going....
And on and on and on....like a damn soap opera of TRUE CRIME FRAUD BAD STORIES....holy hell this Mikaelian family-clan was dirty ....dirty...dirty...2-bit common CRIMINALS and nothing but that...
I have since found some pics of Arthur aka THE MOOCH and that POS is LIVING THE MILLER HIGH LIFE posing with mega bucks cars and apparently a VERY big bucks house etc....ALL STOLEN from suckers and bagholders of this criminal fraud and all his prior crimes....
The Mikaelian's Grant and Arthur need to be PUT IN FEDERAL PRISON and "do time" - it's no more complicated than that....and it WILL happen eventually IMO....:)))
This is old news. eom
STICKY MY RECENT POST #13719 PLEASE -
THAT POST SHOULD BE THEE STICKY to close out this crime scene once and for all - and be THEE LAST MEMORY ever seen in the ibox of this msg board ....the END OF THE DIRTY MOOOOCHELIAN CLAN....father and son both "got it" and got it good.....DOJ criminal charges are "in process" but the clan-fam is DONE...baked....toasted....packed a bag and ran off-shore...gonners...over...kaput....lucky to flip burgers at some slop chute in on U.S. soil....heading back home to some shit hole to turn a new trick...a cheap trick...re-spin their serial grifter crimes....
Lets get the BUST OF THE MOOCH CLAN POST..... "UP" in the box where it belongs !!
Thanks in advance :)))
ENTIRE "FORMAL COMPLAINT" as filed with the court.....the MOOCH and his punk ass kid got SPANKED and SPANKED HARD......notice.....Ms. "Jung Ma" for the prosecution.....uh huh....:))))))
SEC CHARGES QNTA EXECS WITH FRAUD !!!
I tried to tell uh...ummm..... "Grant" that I was "working this case" and that "THE SEC" was gonna bust the Mooooochelian crime clan and bust um hard LMAO - some kids never listen :)))
SEC Charges Microcap Company and Its Executives with Fraud
Litigation Release No. 25726 / May 15, 2023
Securities and Exchange Commission v. Quanta, Inc., et al.;, ivil Action No. 2:23-cv-03683 (C.D. Cal. filed May 15, 2023)
The Securities and Exchange Commission today announced that Quanta, Inc., a Burbank, California-based biopharmaceutical company that develops and sells a scorpion venom product called Escozine, its CEO, Arthur Mikaelian, and his son and Quanta's executive vice president in charge of operations, Grant Mikaelian, have agreed to settle fraud charges without admitting or denying the allegations in the SEC's complaint. As part of the settlement, the Mikaelians consented to officer and director bars and to pay civil penalties.
According to the SEC's complaint, in a July 23, 2021 press release, Quanta and Arthur Mikaelian misrepresented the FDA staff's response to the company's proposed clinical trial of Escozine as a Covid-19 treatment.
As the complaint alleges, the press release misrepresented that the FDA staff's response validated the clinical study conducted in the Dominican Republic and that the FDA's staff had recognized the potential therapeutic benefits of Escozine. The complaint further alleges that these, and additional false and misleading statements in the press release, gave investors the impression that the FDA's staff was positive about the proposed clinical trial and the results of its clinical trials in the Dominican Republic.
However, as alleged in the complaint, the FDA staff's response stated that the Dominican Republic clinical trial "cannot be directly leveraged to support your proposed clinical trial" and that antiviral activity "has not been demonstrated with your specific product, Escozine."
In addition, the SEC's complaint alleges that Quanta included $198,000 of improperly recognized revenue in its Form 10-Q for the first quarter of 2021, causing Quanta to overstate its total revenue by 61% in that quarter.
The SEC's complaint alleges that Quanta based its improper revenue recognition on a backdated purchase order created by Grant Mikaelian for its Escozine immunapens, which it also provided to Quanta's auditors as support for its revenues. The SEC's complaint further alleges that Arthur Mikaelian falsely represented in a management representation letter to Quanta's auditor that the quarterly financials were prepared in accordance with generally accepted accounting principles (GAAP), and he certified Quanta's first quarter Form 10-Q, which included the $198,000 in revenue.
Quanta, without admitting or denying the allegations in the SEC's complaint, consented, pre-filing, to the entry of a final judgment which permanently enjoins it from violating the antifraud, reporting, books and records, and internal controls provisions of Section 17(a) of the Securities Act of 1933 ("Securities Act") and Sections 10(b), 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934 ("Exchange Act") and Rules 10b-5, 12b-20, 13a-1, and 13a-13 thereunder.
Arthur and Grant Mikaelian, without admitting or denying the allegations in the SEC's complaint, consented, pre-filing, to the entry of final judgments permanently enjoining each of them from violating Section 17(a) of the Securities Act and Sections 10(b) and 13(b)(5) of the Exchange Act and Rules 10b-5, 13a-14, 13b2-1, and 13b2-2 thereunder, and from aiding and abetting violations of Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13 thereunder and Rules 12b-20 and 13a-13 thereunder, respectively. In addition, Arthur and Grant Mikaelian each consented, pre-filing, to five-year officer and director bars and five-year penny stock bars, and civil penalties of $150,000 and $75,000, respectively.
The SEC's investigation was conducted by Junling Ma and Lorraine Pearson under the supervision of Victoria Levin and Rhoda Chang, with the assistance of trial counsel Donald Searles under the supervision of Gary Leung. The SEC appreciates the assistance provided by the U.S. Food and Drug Administration (FDA) and the Financial Industry Regulatory Authority.
DIRTY father creates DIRTY POS son - two DIRTY common criminal peas in a DIRTY POD....ANY questions now as to WHY THIS CRIME TICKER WAS REVOKED and ain't NEVER ever ever coming back....let alone the JOKE of their "on line" bullshit "store" blah blah LMAO WTF ?????
THEE END of the "civil" portion and now the CRIMINAL DOJ INDICTMENTS will follow......and WELCOME TO CLUB FED and SOAP ON A ROPE ole MOOCHELIAN CLAN-FAM scammers LMAO !!!
SHOUT-OUT TO DUMB ASS TONY FOR PUMPING THIS DOG SHIT SCAM.....GO TONY....:))))
AND and and NEVER forget the BIG LEBOWSKI ASS CLOWN on the "conference call" where that jack wad was kicking back on the couch and spewing about boozing and hookers in Vegas and the ole MOOCH aka DIRTY ARTHUR had to spank that ass clown, "HEY - WE ARE STREAMING LIVE YOU IDIOT" Bwaaaa ha ha ha .... I KNEW then and there I had "the bust" on these 2-bit cons.... in the bag !!!!
That.effer won't file so he doesn't incriminate himself.
Don't kid yourself otherwise. He's nothing but a criminal.
These Mikaelians are too much! Shareholders are screwed.
I saw that “maintenance mode” for MedolifeRx. I’m assuming ((?) hopeful anyways)) that they are working on the verbiage changes the fda is demanding, and working toward putting it back online
For reference sake - In the meantime I checked and The Aelia page is still accessible online https://aeliastore.com/
And muscle rub still found on Amazon too
So this is it!!! The scorpion venom R.I.P? What will happen to our position in our broker account? Does it stay there or soon it will be removed? This Arthur M. Is definitely a fine Con. Very good criminal or a big fat failure as a businessman. I think he is both of such and his son is another failure, what a shame
Can't be arrested when hiding. More bullshit coming. Of that we can be certain. Check back in June. You don't think they will let go of this cash cow that easily; do you? My money is on them figuring out a way to milk this further. They're more clever than you think and probably laughing at everyone at a cafe in Armenia right now.
QUANTA-CON: FDA WARNING LETTER = THEE END :))
I personally had written the FDA multiple "EXTENSIVE "briefs" (and the FTC also) on ALL the fraudulent claims, safety issues, illegal "new drug claims" etc being made about Escozine.
I noted that per FDA LAW "ESCOZINE" aka SNAKE OIL INC aka QUANT-aCON... would be a "Misbranded or adulterated" and/or "Non FDA APPROVED NEW DRUG" (NO IRB or prior FDA approval(s) etc) .....which are federal crimes !!
I 100% KNEW this was a crime scene when the MOOCH and crew "tried" to peddle the "PRE IND" utter bullshit and I posted extensively about such fraudulent claims !!
NO SUCH THING as a "PRE IND NUMBER" blah blah exists - I have extensive FDA drug approval and regulatory compliance experience and KNEW their claims were utter and total bullshit and in fact VERY MUCH ILLEGAL.....thus....THE FDA "FORMAL WARNING LETTER" which is a very very very serious warning...one issued PRIOR to a potential FDA civil lawsuit and/or a FDA-DOJ criminal lawsuit.....they're not jacking around here folks in this warning letter...
SELLING and using INTERSTATE COMMERCE TO "PRODUCE/MOVE/SELL" what is an ILLEGAL DRUG and/or a misbranded and/or "adulterated" drug as defined by the FDA...and doing so ON USA soil is a federal crime...as in FEDERAL BIG BOY KINDA CRIME no different than selling illegal narcotics etc....
The FDA took action which is partially why "THE SEC" and "OTC MARKETS" were also told via federal agency inter-communication to REVOKE THIS SCAM and FRAUD TICKER and to pursue THE MOOCH and his PUNK ASS FRAUD KID -
The MOOCH and his punk kid can STILL face potential criminal and/or civil regulatory sanctions, fines and even arrest for illegally selling "NON APPROVED DRUGS" on USA soil.....we shall see.....
Here's what was the FINAL BLOW to ending this con-job and literal crime scene folks :
April 19, 2023
THEY HAD 15 DAYS TO "COMPLY" or face civil regulatory fines, injunction etc.
It is MAY 19 2023 and THE WEBSITE(s) PEDDLING THIS CRAP ARE STILL UP =
Couldn't have said it any better.
QNTA-FRAUD: SEC CRIME SCENE REVOKED !!
I TRIED TO WARN folks what was coming.....!!
RIP QNTA-FRAUD 2023....LAST RIGHTS....THIS DEAD HORSE CON-JOB HAS BEEN SENT TO THE GLUE FACTORY :))
Boys n girls - I TRIED to warn the penny marks on this one that it was a total CRIME SCENE and literal gutter fraud ......
The MOOCH and his punk KID WILL BE INDICTED which I prior "predicted" also - it's cast in stone that they will face criminal SECURITY'S FRAUD charges among "other" potential civil and criminal penalties to be levied.....
This ticker is now OFFICIALLY DEAD and worth absolutely NOTHING aka $ZERO per share.....one can "TRY" to get their broker to work with them to get a "DEAD TICKER CERT" and see if they can somehow generate a 1099 TOTAL LOSS for tax purposes..
ALL THAT IS LEFT IS TO "TRY" and harvest a capital gains tax loss for annual deduction and/or to potentially off-set some unforseen capital gain.
GOOD LUCK and GOOD NIGHT - this crime scene is now CLOSED PERMANENTLY :))
Totally agree. So unfortunate for shareholders.
POS thieving lowlife Moochalien handiwork.
His behavior just shows everyone how much of a scumbag he is!
There is an addiction worse than drugs: The Mamasitas Chapiadoras From DR that Mikaelian has been hitting hard. Those Chapiadoras are professional G-Diggers, might explain how this lucrative business destroyed so easily. Sad ending, I only hope Karma gives him a small lesson on not to spend other people hard worked money on Chapiadoras. Viva the Scorpion Venom
It’s sad that they could be such low life’s!