Shell Hijackings

[Smallmouth]

Check this out: https://www.sec.gov/Archives/edgar/data/1760319/000176031919000019/0001760319-19-000019-index.htm

Case Information

A-19-795456-C | Universal Management Association, Plaintiff(s) vs. Smokefree Innotec Inc., Defendant(s)

Case Number
A-19-795456-C

Court
Department 9

Judicial Officer
Silva, Cristina D.

File Date
05/24/2019

[Smallmouth]

.007... Yea big run LOL

[Volcano]

DAVC

RADAR THIS HUGE MERGER PLAY NEXT WEEK
S4 FILING CONFIRMED THE MERGER IS CLOSING ON 10/22 FINALLY
BILLION DOLLAR POTENTIAL LUXURIOUS SAMSARA LUGGAGE MERGING TO PUBLIC COMPANY
10000% RUN STARTING NEXT WEEK
SUPER VOLCANIC EXPLOSION

[nikelikesit]

Is there a board for custodian plays though? Tickers tend to soar when that happens.

[Golden Cross]

I am sorry...Please Delete...TY

[Talc Moan]

I do not think that is a Hijacking they are going through Clark County as a Custodianship.... A-19-802593-B

Isn't a hijacking when someone attempts to take over without going through a custodianship?

[Golden Cross]

$ADIA New....Custodian, KNC, LLC

[Huggy Bear]

The DSUS shell has been hijacked again. Peter the Pirate scam, then the Kerry Iona Thacker and Jason Baker clown drone scam, and now, who knows?

A new player in the custodianship arena too.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151218687

[totffe]

ValueSetters Reports First Quarter Net Profit and Pre-Announces Revenue Growth in Excess of 900% for Second Quarter of Fiscal 2020
2:38 PM ET, 09/13/2019 - GlobeNewswire
Highlights:

Revenue increase of 29% Gross profit margin of 98%, up 3 points from 1Q 2109 Reduction in total costs and expenses of 5% Third consecutive quarter of profitability
BOSTON, MA, Sept. 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – ValueSetters, Inc. (OTC:VSTR) preannounced revenue growth of more than 900% for the second quarter of fiscal 2020, while reporting its third consecutive quarter of profitability. The company achieved operating income of $29,208 for the first quarter of 2020 on revenues of $118,732 and reported a gross profit margin of 98%.

“We were pleased to see several new contracts signed in our logistics technology and economic development verticals during the period. Due to the timing of contract signing, the majority of these revenues will be recognized in the following quarter,” said Cecilia Lenk, CEO. “In addition, we recently signed a three-month marketing and advisory services agreement for a fee of $540,000. As a result, we currently anticipate revenues in excess of $700,000 for the second quarter.”

“With an established track record and a strong team in place, we remain optimistic about the future of ValueSetters,” added Ms. Lenk.

[Pegasus 2]

And that Universal Management Associates is Corionne Washington, who is linked to Kalani and International Ventures Society.

Now hyping SFIO.

[Pegasus 2]

Only that they are pumping SFIO as custodian. Claiming reverse merger. Filings with Nevada SOS. I call BS.

[Pegasus 2]

Take a look at SFIO and Corionne Washington, affiliated with International Ventures Society, Kelani Long, and another individual (name escapes me at the moment).

[Value Catalyst]

Anyone have any info on "Investment Reserves Series (insert name of defunct company)" LLC. ?

Noticed they filed around 5 custodianship apps last month, with Jay Shafer as their attorney...
haven't been able to find much on this group. Thought I'd post here before paying for the whole apps and digging deeper.

Any info would be appreciated. Thanks in advance!

[777]

PFMS official approval filing has been posted

[Golden Cross]

TURA

[81vette]

PFMS lazar ,newest .0008

[777]

$WMTM Merger confirmed. "On June 26, 2019, the Custodian concluded negotiations... and is now in the process of executing transaction documents"

[Walrus717]

Would anyone happen to know where I can search court cases for the 1st District Court of Wyoming in Laramie County?

[Value Catalyst]

Anyone hear/know anything about Universal Management Association? Noticed they filed 2 petitions with Shafer recently

[gi197845]

Does anyone know anything about OVIT's shell and a reverse merger?

[S-BEES-BUMBLEBEE]

If ya've got some time left, ya could add Richard Chiang's XHUA-Ticker (meanwhile 'granted'(!)) to the list~ ;)

Xinhua China Ltd.

(Registrant)

Date: May 8, 2019

By: /s/ Richard Chiang
Richard Chiang

President, Chief Executive Officer & Chairman

https://www.otcmarkets.com/filing/html?id=13414367&guid=bfmyUpTtiuSB8th

The Company’s current contact information is listed below:

Address: 3609 Hammerkop Dr. North Las Vegas, NV 89084

Phone number: [phone]

Email: [e-mail]

The Company’s Chief Executive Officer, President and Chairman of the Board of Directors is Richard Chiang, who may be reached at the Company’s address.

Darian B. Andersen of General Counsel, P.C. serves as General Counsel to the Company.

Heavy accumulation ongoing over there recently~
https://www.barchart.com/stocks/quotes/XHUA/technical-chart?plot=CANDLE&volume=total&data=DO&density=M&pricesOn=1&asPctChange=0&logscale=0&indicators=ACCUM;MFI(14,100);RSI(14,100);WMA(20);TMA(20);SMA(20);HLMA(10,8);EXPMA(9)&sym=XHUA&grid=1&height=500&studyheight=100

GLTY and your family!
Bb~

[777]

TONJ Custodianship just granted to Joseph Arcaro. Micro float at 5M.

[Sloop JohnB]

GRNL 8-k filing just hit! New CEO Richard Chiang now official.

OS: 2.51mil
As: 10mil

[Walrus717]

Does anyone have info on "Universal Management Association"?

They are a new custodian on the scenes and are using the attorney "Jay Shafer". Here's their one and only custodianship so far: https://www.clarkcountycourts.us/Portal/DocumentViewer/Index/L3VI-aF9RCiEgL3jwCOkWoBWLgNSXRZrMG7bOhzZf-JY5XOV8iCKaaG_GZxVh2M3v8CVtsuv_OLRu_SwqJo1WNFimt1788v3gCdoKY9uDQPqEKuaTOALwWlKzbU9fWjG0?p=0

I managed to find their NVSOS entity, but that's about all I got. Here's the custodian's NvSOS: https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=NroZJFM%252fwDofi4Y828IoHw%253d%253d&nt7=0

I couldn't find anything on their sole officer: "Corionne Washington"

Anyone manage to DD this successfully?

[CaoPanShou]

All evidence suggest Lazar knows his stuff. If he files for custody, odds are the "Q" is meaningless.

[ologun]

Haven't been in nearly as long but this rings true to me.
For one, it is actually in his best interest that the SS of the ticker maintain a certain level of integrity. It's almost like the opposite really.

[alstocks]

"So... Why would Lazar bother with custodianship? "

because that is ALL he does... and he is very good at it

i have been investing in the OTC for 20 yrs, its a miracle

i have lasted this long with all the slime infested ceos

and there highly dilutive stocks... AT LEAST, with lazar &

during the custodianship process, i know i am dealing with

a temporary ceo who GETS THE WORK DONE... yes, some r/m

take longer than others, but im willing to wait because

people love buying into potential big r/m plays and as

long as that stays that way... i'm just playing lazar

stocks. im tired of crappy otc stocks.

[janice shell]

I don't know. I was just offering an example of a bankruptcy trustee who sold a public shell.

[CaoPanShou]

Was the sale ever closed? If it was, it would no longer be a contested asset. If he bought it and failed to do anything with it, then its the same as all the other abandoned tickers with bad history.

[janice shell]

The shell would be considered an asset of the company, and the trustee would be free to sell it if he had a potential buyer.

But there're a couple of things I don't understand. It seems in this case Lazar applied for custodianship in Nevada. But here's an example of a sale of a public shell directly from a bankruptcy trustee to an interested party. The sale contract was drawn up in 2015:

https://www.scribd.com/document/410341497/PWAVQ-Contract

As you can see, the buyer, Ronald Nahoun, paid a non-refundable fee of $10,000 by the terms of that contract. When the sale was approved by the bankruptcy court, Nahoun would pay an additional $15,000 and take control. In this case, his control would take the form of preferred stock that would be transferred to Nahoun. Once 30 days had passed, Nahoun could name a new board; once 90 days had passed, he could issue stock to himself, do a reverse split, and more.

I don't know what happened after that. Powerwave was a Delaware company, so I don't know whether Nahoun ever installed himself as president, or if he tried to sell the shell. If the latter, he was apparently unsuccessful. No one ever filed a Form 15, and PWAVQ's registration was revoked last month:

https://www.sec.gov/Archives/edgar/data/1023362/999999999719002304/filename1.pdf

So... Why would Lazar bother with custodianship? I assume if the bankruptcy were ongoing, he'd have to deal with the trustee at some point anyhow.

[CaoPanShou]

There is also the question of time limits on bei g able to collect that debt. Debt collectors attempt to collect beyond a statute of limitations all tbe time.

[ologun]

Not really.
There have been several ugly cases where previous debt came to play.
Having a Q means bk case may have discharged all previous debt (which is the case with XNNHQ). It is not meaningless as it tells a story.
Unless i'm missing something, which if i am, i'd be glad to hear a more informed opinion.

[CaoPanShou]

The Q is meaningless. Its there because there was noone left to pay to have it removed aftet the bankruptcy was settled years ago.

[ologun]

Agreed.
I'm slightly delighted to find my reasoning per these Qs validated by more experienced traders. These seem the safest bet imho as well.
Good luck.

[alstocks]

Yes.... that's why I brought

up the statue of limitations on a trustee after

a bankruptcy is closed.... anyway... in my

humble opinion.... worrying about a trustee

coming after lazar, 5 yrs after the fact, for

a worthless empty shell.... is like worrying

about a millionaire picking up & taking a

Dollar bill that you lost 5 yrs ago....

Good luck to all

PS: PLUS, it's very Possible that lazar
Already received ok from trustee to go
Ahead with the custodianship, because
Likely a competent judge would Require
That before he granted custody!!!!!!!

[ologun]

there is a possibility that if the trustee finds out that

there is still an 'asset' out there, he can attempt to

re-open the bankruptcy case

Is this the case if case ended in discharge?

[alstocks]

very good questions, here is my very long guesses...

yes, lazar is legally trying to take custody

of shells that have a q attached. he has successfully

taken custody of 3 so far (mshfq, cerpq, xnnhq)

all 3 previous companies had there bankruptcy about

5 years ago. "Is he buying them from the trustee"

i don't know, but my guess is yes & here is why...

from all my readings, a bankruptcy trustee is usually

assigned by the 'courts', which i guess means a judge.

and mr lazar gets his custodianships granted by a judge

& the only other thing i am pretty sure of is that mr

lazar has to show that he attempted to contact any known

associates to that ticker (i.e.: trustee) to see if they

object to the custodianship... i guess there is a possibility

that the judge or lazar is not aware of the 'trustee' and

there is a possibility that if the trustee finds out that

there is still an 'asset' out there, he can attempt to

re-open the bankruptcy case. so, is there a statue of

limitations on bankruptcy cases? afterall, after 5 years

my guess is that the trustee, creditor/debtor has moved

on and could care less about an empty shell of a formerly

bankrupt PUBLIC TRADED company, that they were likely

very aware of during the bankruptcy proceedings 5 yrs ago

& nothing was done 5 yrs ago?!..... for the record...

i love lazar and i love playing his custody shells...

for once in the otc, i don't have to deal with a crappy

ceo with bs prs and massive dilution... lazar works

and he gets things done and the

process that he puts his LEGAL, COURT ORDERED

custodys through are usually very lucrative for an

experienced otc trader

thanks for reading, good luck to you.

[swanlinbar]

MECK ?

[janice shell]

So Lazar's buying bankruptcy shells now? Is he buying them from the trustee?

[alstocks]

Yes, great Post

absolutely.... I would be buying cerpq in the

low 1's.... absolute fact... there are about

10 lazar plays that have absolutely soared

once they finalized the process & find a

R/m partner.... buy low, sell high....

ESPECIALLY if it's a low floater like cerpq

Good luck to all

[flaflyersfan]

CERPQ board hyping the legal hijacking by Lazar. EOM

[Hot to trot Stocks]

$GRNL .0786 Updated OTCM Profile page. New CEO (R Chiang). New Company Website. Richard Chiang's best shell on the lot imho. Microscopic float! Should move fast, and to most qualified buyer. Glta

[funnyG986]

ZDEC custodianship by Rhonda Keaveney

https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=cAS_xqOAiz776qnLyo6Bng2&tabIndex=3

[Bj106]

CCLX custodianship play, granted. Low float and low price. .005. Great time to get shares cheap.

[CaoPanShou]

VIDA hearing: Is Chen trying to wipe out previous owners shares?

Motion for Declaratory Relief
Custodian Motion For Limited Discovery And Concurrently, An Order To Show Cause, As To Declaratory Relief Nullifying Or Voiding That Certain Class (Or Classes) Of Preferred Shares Improperly Designated And Potentially Issued In Contravention Of Nrs 78.1955

[Value Catalyst]

GRNL just reinstated last Friday after hours...trading today should be very interesting.

Custodianship play granted on 4/11 for Richard Chiang.

Low Float: 1.71mil
O/S: 2.51mil
A/S: 10mil

Severely undervalued compared to Chiang’s other plays and should have a nice day today on reinstatement. Glta!

$GRNL

[janice shell]

The law doesn't only apply to abandoned public shells. it applies to any company, public or private, that's been abandoned by management.

[Huggy Bear]

The laws are being abused by the vast majority IMO.

But if you know of legitimate custodianships for abandoned penny stocks I will stand corrected.

[janice shell]

Well, it's more complicated than that. The law permits custodianship and receivership of dormant companies. And there's a reason for that.

The problem is that the law is being abused by some.

[Huggy Bear]

Which is also shameless.

They are de facto assisting con artist hijackers.