Solar Integrated Roofing Corp (SIRC)

[lucky, mydog]

lololol. did you see what happened to another scam basile was promoting?

SEC Charges Meta Materials and Former CEOs with Market Manipulation, Fraud and Other Violations

https://www.sec.gov/news/press-release/2024-77

FOR IMMEDIATE RELEASE
2024-77

Washington D.C., June 25, 2024 —
The Securities and Exchange Commission today filed charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras. The company has agreed to settle the SEC’s charges in an administrative proceeding, while the SEC’s litigation against Brda and Palikaras will proceed in federal district court.

The SEC’s complaint against Brda and Palikaras alleges that, as a result of a concerted market manipulation scheme, Meta Materials, a Nevada corporation headquartered in Dartmouth, Nova Scotia, Canada, raised $137.5 million from investors in an at-the-market (ATM) offering in June 2021 immediately prior to the merger of Brda’s Torchlight Energy Resources Inc. and Palikaras’ Metamaterial Inc. that formed Meta Materials.

The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, alleges that Brda and Palikaras planned and conducted the manipulative scheme that included, among other things, issuing a preferred stock dividend immediately before the merger. The complaint alleges that Brda and Palikaras told certain investors and consultants—and hinted via social media—that the dividend would force short sellers to exit their positions and trigger a “short squeeze” that would artificially raise the price of the company’s common stock. The SEC further alleges that Brda and Palikaras also misrepresented the company’s efforts to sell its oil and gas assets and distribute proceeds to preferred stockholders, giving investors a false impression of the value of the dividend. While investors held or bought the company’s common stock to receive the dividend, the complaint alleges, the company was cashing in by selling $137.5 million in an ATM offering at prices that the company, Brda, and Palikaras knew were temporarily inflated by their manipulative scheme. “We have two days,” the complaint alleges Brda told Palikaras after the first day of the ATM offering, “to take advantage of the squeeze...”

“The conduct we allege was a sophisticated, yet brazen plan by a public company and its former CEOs to purposely mislead investors in the company’s stock,” said Eric Werner, Director of the SEC’s Fort Worth Regional Office. “This conduct is particularly alarming because it involves public company CEOs who were more concerned with ‘burning the shorts’ than creating long-term value for shareholders.”

The SEC’s complaint charges Brda and Palikaras with violating the antifraud and proxy disclosure provisions of the federal securities laws, and charges Brda with aiding and abetting Meta Materials’s violations of the reporting, internal accounting controls, and books and records provisions. The complaint seeks permanent injunctions, officer-and-director bars, and civil penalties from both defendants. The complaint also seeks disgorgement with pre-judgment interest from Brda.

The SEC also instituted a separate administrative proceeding against Meta Materials, entering a settled order finding that Meta Materials violated the antifraud, reporting, internal accounting controls, and books and records provisions of the federal securities laws. Without admitting or denying the findings, Meta Materials was ordered to cease and desist from violations of the relevant provisions of the federal securities laws and to pay a $1,000,000 penalty.

The SEC’s investigation was conducted by Christopher Rogers and Ty Martinez of the SEC’s Fort Worth Regional Office under the supervision of Samantha Martin, B. David Fraser, and Mr. Werner. The SEC’s litigation against Brda and Palikaras will be conducted by Patrick Disbennett and supervised by Keefe Bernstein.

A separate Commission investigation regarding subsequent events related to Meta Materials (MMTLP) remains ongoing. If you are an individual with information related to this investigation or any other related suspected fraud and you wish to contact the SEC staff, please submit a tip at SEC.gov.

[shajandr]

FLOORLESS financing Death Spirals end only one way,

No retail investors survive.

Cherry, where ya at, child?

[JMCK6193]

Wow, this POS still trading? It's a scam you bunch of morons. SMH

[lucky, mydog]

G e r r y. where are you?

[lucky, mydog]

who was it that thought .0001 was a bargain?

[Nighthawk_1]

DAMN, FINALLY!!! Won't see anything higher now. BYE-BYE BABY...LOL

[lucky, mydog]

yup. there it is.

[lucky, mydog]

quad zeros? quint ahead.

[Lime Time]

Bigass vol. Zero bid 😅

[lucky, mydog]

Would like to see a take-off.

of course you would.

[lucky, mydog]

i know, right? only people who bought without knowing a goddamn thing should be allowed to post.

[JMCK6193]

And Mr.Gullible for you. Lol

[Nighthawk_1]

Maybe we should vote for Sainthood for you then...LOL

[JMCK6193]

Not anymore, I lost my ass here three years ago and I'm still pissed off about it. Lol
Don't want newbies to make the same mistake I did.

[Nighthawk_1]

It must have some value. You're here. LOL

[JMCK6193]

Total scam lol

[Nighthawk_1]

If this isn't a company, then why are you here complaining? And why are there shares trading? Is this people just throwing paper back and forth. What a waste of trees. LOL

[JMCK6193]

Bahahahaha what company? This is just another basement scam run by a 40-year-old adolescent still living with his mommy.

[Nighthawk_1]

Bottomline is, either support the company or get off the pot and leave...LOL

[Nighthawk_1]

Hopefully, we get some news soon, or something. Would like to see a take-off...LOL

[Nighthawk_1]

I wonder what I would get if I placed an order for .01...LOL

[price_and_volume]

Lol that's awesome, thx for that one.

Looks abandoned, but that never stops folks from posting on those boards, ever hopeful...

Ihub full of bagholderz from '21 when every scam ran bigly and those that chose to believe never sold.

[LizzyLizzaro]

Even better.... https://www.otcmarkets.com/stock/FTEG/security

[lucky, mydog]

[price_and_volume]

He was responding to my off-topic linked stock.

We were discussing ridiculous O/S, and I mentioned $PLPL which is even more ridiculous.

[lucky, mydog]

How is it even trading at .0004?

it's not. it hasn't touched .0004 since march 25th.

[price_and_volume]

Pumpers & true-believers I guess...

WHOA! 44 BILLION O/S? Now THAT is criminal. How is it even trading at .0004?

Whatever - $SIRC is a different story: a solar-financing ponzi that ripped off retail consumers and possibly paid pumpers to run it.

Different shit, same result.

GLTA

[CashCowMoo]

WHOA! 44 BILLION O/S? Now THAT is criminal. How is it even trading at .0004?

[price_and_volume]

If you think that's funny, you'll love this:

20 billion A/S should be illegal for penny stocks. This is just ridiculous.

https://www.otcmarkets.com/stock/PLPL/security

[CashCowMoo]

20 billion A/S should be illegal for penny stocks. This is just ridiculous. I remember years back when this was promoted hard...im sure it was paid promoters were claiming this was UPLISTING LMAO

[price_and_volume]

Old news I guess. Make that nearly 7B...

I see 5.5 BILLION O/S.

Geez that's some epic dumpage last coupla weeks.

$SIRC has turned into a case-study lol.

[PEMBROKE1]

Looks loke someone wanted to get rid of about 80,000,000 at the end of the day

[Nighthawk_1]

Finally got my 1's. Been waiting for quite some time.

[maynerd]

Why is this thing still trading... This company has obviously mislead their Investors.

[Nighthawk_1]

Don't know. Haven't kept up lately.

[uksausage]

Did SIRC install the 6 or 7 chargers that Pete B was talking about? Maybe they have the contracts but cannot execute them as they are SIRC and revenues dont matter

[Nighthawk_1]

Hopefully news and updates forthcoming.

[lucky, mydog]

lol. 120 million shares in the first 45 minutes. thin, eh?

[shajandr]

LOLOL!!! It's NEVER "thin" in these FLOORLESS financing death spirals! They just print more shares to dump. Endlessly!

They simply print more shares when the sucker buyers arrive. They can (and do) print) more shares than retail suckers can buy.

This is very basic stuph. Only idiots buy into these FLOORLESS financing death spirals!

FLOORLESS financing death spirals are death traps for retail pennyvestor suckers.

[Nighthawk_1]

It's pretty thin going upwards. Break out above 3's could propel towards .01 or better.

[Nighthawk_1]

I can't imagine with all the 2's that were bought that anyone would be selling less than that. Maybe we see 3's or 4's soon.

[shajandr]

Everbuddy still diggin' this FLOORLESS financing Death Spiral?

No retail common stock shareholder will survive.

Cue up the next reverse split.

Line up, suckers! BOHICA!!

(I doubt that FINRA will process another RS on this turd this soon).

[PEMBROKE1]

This piece of shit almost made it to .0002 today at closing instead of .00015.

It's hard to understand when the bid is 2,000,999, 9888,555 shares at .0001 and the ask is 250 shares at.0002.

and it trades at ,00015 or less. A lot of the time. You would have to have millions and millions of shares to make $600.00 dollars

[Nighthawk_1]

Look at what happened with RONN...LOL. Could be same here, never know.

[Nighthawk_1]

It's only a couple hundred bucks. If I lose it, it won't be the end of the world...LOL But, on the other hand, what could be the actual gains? Who knows. I can afford it either way. And, better to get in now than later, if/when it runs.

[lucky, mydog]

What do I have to lose? LOL

100%? LOL

[Nighthawk_1]

It's time for me to jump in now. What do I have to lose? LOL

[PEMBROKE1]

Hi,
Can someone explain this filing to me filed with the SEC on 3-14-2024
361,690.00 common shares represent 6.9% of outstanding common shares
Parents bought the shares for their son

Mr. Eugene Esmer Caranza Cara beneficially owns current holdings of 361,690 total shares of common stock of Solar Integrated Roofing Corporation, which represents a calculated approximate observed percentage of 6.9% ownership which is calculated by the current share price and the total market capitalization of the company. This calculation is based on the approximate shares outstanding of 5,000,000 shares of common stocks in the current situation of the stock market.
5,000,000 shares?
(b)
361,690 shares
(c)
-On Tuesday, 16 February 2024, Mr Eugene Esmer Caranza Cara acquired 21,500 shares of Solar Integrated Roofing Company with a share price of $0.0071 per share.
-On Monday, 22 February 2024, Mr Eugene Esmer Caranza Cara acquired 7,500 shares of Solar Integrated Roofing Corporation with a share price of $.0056 per share.
-On Friday, 26 February 2024, Mr Eugene Esmer Caranza Cara acquired 39,000 shares with a share price of $.0040 and an additional 1,500 shares for $.0040 per share.
-On Sunday, 28 February 2024, Mr Eugene Esmer Caranza Cara acquired 315 shares with a share price of $.0030 per share.
-On Wednesday, 01 March 2024, Mr Eugene Esmer Caranza Cara acquired 21,500 shares.
-On Saturday, 04 March 2024, Mr Eugene Esmer Caranza Cara acquired 161,895 shares.
-On Monday, 06 March 2024, Mr Eugene Esmer Caranza Cara acquired 2,417 shares and an additional 106,333 shares.

https://www.otcmarkets.com/filing/html?id=17369193&guid=AMQ-kenLMkcpJth

[Nighthawk_1]

Yes, split occurred 1/23/2024. We see the end result. And based on what I have been observing, this isn't going anywhere...LOL Just my opinion. I could be wrong, but for the last 5 months, been crap. Whether it goes up or not depends on company, just my perspective. Typically, just after an R/S, based on my observations, stock always goes down. I very rarely ever see one go up just after an R/S. It's funny when people claim that one needs volume, but when volume has exceeded several times, the POS still at .0001/.0002. Reason why I pulled out of a buy last month and now just watch for now.

[INEEDMONEY]

The reverse split has already happened
correct ? This should move up now