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Someone shorted a 3.5 billion dollar co.
Can you say margin call
So expect lots of noise...
Bla bla, talk about a past president who had some issues with taxes 2010-2013.
Not when he was working for SCNP
hope they get a chance to cover
GLTA
DIBC MAKING WAVES! !! $$$$$$$
This is the best thing that has happened to us scnp shareholders.
First 2 articles in FORBES NOW A 10 DAY HALT ON THE STOCK.
READ THERE REASON ALL SCNP HAS TO DO IS PROVE THE NUMBERS AND WHEN THIS REOPENS THE WORLD IS THEN GONNA KNOW HOW REAL THIS IS.
EOM
Sorry lol barber this is awsome. More eyes are in SCNP now than ever all free advertising get ready. For the explosion
This is all over people. Now the world is getting more and more eyes on SCNP. SAY WHAT YOU WANT THIS STOCK NEVER TRADES (YET) SO THIS ISN'T A PUMP AND DUMP SO WHAT IS IT? HMMMMMMM WELL SEE AND TELLING PEOPLE YOUR SORRY FOR YOUR LOSSES that is FUNNY. GUYS THIS IS JUST THE BEGING.
ALL THIS IS GONNA DO IS BEING MORE EYES ARE WATCHING THAN EVER BEFORE.
I have a position not a loss...
3.5 Billion Reasons to be optimistic. ..
DIBC
TIC TOC
I am genuinely sorry for everyone's losses here...
.7$/DIBCOIN X 5 BILLION=3.5 BILLION MARKETCAP.
THEY MADE HISTORY ALREADY
THEY TECHNICALLY WERE HIGHER THAN BITCOIN
APRIL 27TH 2017
WATCH THIS CRYPTO GIANT IN THE MAKING....
BEING THE FIRST IS ALWAYS DISRUPTIVE
THEN ACCEPTED
THEN UNDERSTOOD
THEN COPIED
SCNP PAVING THE WAY. ..
GLTA
If you make 10 billion you would be proud to have to pay billions in tax...
My opinions only
ONEWDMONEY, great post. EOM
In 3-4 days it will be demoted to the grey market. When the suspension is over it will open for trading on the grey market with no quotations...only matched trades. IF it does trade...it will be at a significantly lower pps. The highest volume day it will likely see will be in the first few days, if not the first day it trades. After that it will be come illiquid. Someday, probably years from now FINRA will delete the ticker.
Suspended stocks coming back from the grey market is an exceedingly rare event...
As a practical matter, it's over.
A Thought Just Hit Me
SCNP is closed to trading and arguably will never return to do so but that does not directly impact DibCoin.
Granted DibCoin is trading down almost 32% today on the thinest wisps of volume but does the SEC even have jurisdiction over an altcoin?
Remember that Adam Petty and Honson Luma agreed to accept their company salaries in DibCoin so they seem a little welded to the concept. What are the odds that the only forward going income for Duffy et al is their stupid little MLM company?
I assume Luma could go back to selling insurance and Petty could keep selling homeopathic alt medicine crap online, at least that's an income. But the trading halt either will kill DibCoin or turn it into some desperately clung to life preserver.
oy gevalt
I am sure April 27 we will know.
https://www.otcmarkets.com/stock/SCNP/news/Release-No--80435?id=155824
See ya then
It could trade at .06 on the grey sheets.
Waiting for your comments on today's suspension, ONEWDMONEY.
I'm surprised Renee didn't post.
"Wonder what price it will be then... "
That is easy... most likely ZERO!
SEC suspensions aren't done on a whim!
I'd wager it won't be trading on that date... or probably ever again (maybe on the grey sheets)!
April 26, 2017 News out about Temp suspension.
https://www.otcmarkets.com/stock/SCNP/news/Release-No--80435?id=155824
Wonder what price it will be then...
Buzzzzzzz
SCNP
INSTANT WEALTH...IMO
GENIUS
GLTA
https://www.otcmarkets.com/stock/SCNP/news/SEC-Suspension-of-Trading?id=155796&b=y
Lol
TEMP SUSPENSION
GREAT NEWS
FREE PRESS
STORY UNFOLDING
DEBT FREE SCNP
IMO
GLTA
"I BUY THE FEAR"
You can't buy it... it is suspended!
It's over here...
Nothing but a tax write off for gamblers!
Historic Moment
4-5 billion in assets due to DIBCOIN DIBC MAY CAUSE A SUSPENSION,TEMP, HALT ETC, TILL THE POWERS THAT BE DETERMINE HOW IT HAPPENED. ..IMO
BULLISH SCNP
GLAD I GOT IT BEFORE IT RUNS...
MY OPINIONS ONLY
RISKY , YES
REWARD COULD BE O
OR 1,000%
I BUY THE FEAR
TIC TOC
SCNP finally made it to the Breakout Boards LOL!
http://investorshub.advfn.com/boards/breakoutboards.aspx
What do you have to say now? lol
"The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company."
I was talking about THRM, the other stock you keep comparing SCNP to. I never heard what happened to THRM after its peak in 1999. I bet it ended up the same way as SCNP....suspended and worthless lol.
"The Commission temporarily suspended trading in the securities of SCNP because of questions regarding the accuracy of assertions by SCNP in press releases to investors concerning, among other things, the liquidity and value of the company’s assets, namely DIBCOINS, a cryptocurrency. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act)."
Very interesting coincidence!
The Stupid Lies Alone
that SCNP have been spreading about Dibcoin (5 billion in asset value, $235/share) are reason enough for the SEC to halt trading but there is a chance this runs a little deeper than that.
I regret that I don't have a proper link for this, I'm just copy/pasting from an email here but this is from James Scheltema's tax case:
Tenkay is correct! SCNP was suspended!
Did the Forbes article shine too much light here?
https://www.otcmarkets.com/stock/scnp/filings
http://coinmarketcap.com/assets/dibcoin/
#2 currently
#1 Soon! World News!
I Buy the FEAR, MARKET CAP FACTS
REGARDLESS OF THE WEATHER!
AND WIN!!!! $$$! $$$! $$$!! $$$!! $$$!!! $$!!!!! $!!! $$$$$
IMO
GLTA
DIBCOIN DIBC 5+BILLION MARKET CAP
#2 JUST UNDER BITCOIN...
AT 4$/SHARE IT BECOMES WORLD LEADING ALTCOIN!
REGARDLESS OF THE WEATHER
IT'S A BUY!
IN MY OPINION
GLTA
What is Amazon is that Daniel Duffy does not even run or own SCNP. ADAM PETTY & HONSON LUMA DO. YOU KEEP BRINGING UP DUFFY TO CLOUD THE INVESTORS. YOU CAN HATE DUFFY ALL YOU WANT BUT DUFFY HAS NOTHING TO DO WITH SCNP EXCEPT HIS KIDS TRUST OWNS THE DIB FUNDING.YOU WANT TO USE HIS ONE PROBLEM WITH THE LAW TO CONFUSE PEOPLE INTO THINKING DUFFY IS RUNNING SCNP WHEN HE IS NOT. SCNP IS LUCKY TO HAVE DUFFY AROUND TO USE HIS MARKET TALLENT TO MAKE SCNP SUCCEED. BUT THE GET THE FACTS RIGHT DUFFY IS NOT RUNNING SCNP PETTY AND LUMA ARE. NOW BARBER WHERE IS MY STICKY FOR THAT POST
What stock are you talking about?
I believe that every one of the 4 billion DIBCOINS will be accounted for especially since they plan on going to a higher exchange. The company knows this and you bring up points that mean nothing.
Great post GDORM again means nothing but great post. I'll private message you when DIBCOIN is excepted in stores and banks world wide.
Wait till they Disclose The Asset Value
SCNP (and Dan Duffy) could well be playing shadow puppet theater with their altcoin. I can not prove that >50% of all Dibcoin transactions on the LiveCoin exchange are between "wallets" owned or controlled by SCNP specifically for the purpose of propping up the coin price. But guess what, no one can prove they aren't either and this sort of price manipulation is not only possible but it is common enough to render it perhaps other than unlikely.
Unless you have absolute faith that the man serving a life sentence on fraud and murder for hire charges and who also controls (though not in the strict legal sense of the term) the privately held company which owns 87+% of SCNP, would never do anything so dishonest.
Because if you buy that you may as well buy as many shares of SCNP as you can afford and while you're at it, cash in the kid's college fund to grab up some dibcoin. After all when that gravy train rolls in your kids might not need any education to secure their future and when you think about it, Daniel Duffy can use as many uninformed and uneducated investors as he can find.
It's been a winning formula for him so far (except for that little set back with the jury of his peers).
But back on point, Let's see how much SCNP pays in taxes on their five billion dollars in Dibcoin windfall. I have been and not without good reason, called a cynic but I honestly believe that SCNP will not find themselves in a position to pay any significant taxes on their Dibcoin holdings. I further believe they may well escape paying significant taxes on their Dibcoin holdings even without any sort of the "alternative tax ideology" Ernie Land might acquaint them with when he isn't running their MLM division.
Quite simply, there might not be enough of a real and declarable income increase from Dibcoin to offset SCNP's rather prodigious and seemingly perpetual financial losses.
But what happened to that stock?
Duffy moved on to much bigger things
Just wondering what happened to it after 1999, whether it still exists, got bought out, folded, etc.
Nothing is backing BITCOIN BUT IT STILL TRADED AT $1200+ A COIN. THIS IS BECAUSE SUPPLY VS DEMAND DOES THIS. NOW WHEN DIBCOIN DOES WHAT IT SAYS AND IS EXCEPTED EVEN IN ONE MAJOR STORE THAT THEN GIVES VALUE TO DIBCOIN MORE THAN BITCOIN IS EVER GONNA BE WORTH. SO BARBER YOU ARE RIGHT BITCOIN IS NOT DIBCOIN OR DIBCOIN IS NOT BITCOIN BECAUSE ANYONE WITH KNOWLEDGE CAN SEE IF PROVEN CORRECT DIBCOIN IS WORTH A LOT MORE
DibCoin is not BitCoin...
It is one of thousands of 2 bit copies with NOTHING backing up its value...
The Forbes article says the same thing!
It hit $18.50 I sold so I didnt follow it who cares lol just like if I sell my scnp stock for $235 a share I don't care what it does after that, I do want it to succeed but it's like everything you move on and I'll wait for the next
Duffy deal and do it again lol
BARBER
WE HAVE HAD DEBATES FOR OVER A YEAR ESPECIALLY RECENTLY WITH MM SIGNALS, WHOCH YOU SAY DON'T EXIST AND THE NEXT DAY STOCK GOES UP HUNDREDS OF PERCENTS AND HOW THE COIN IS WORTGLESS WHEN IT HAS A 5 BILLION DOLLAR MARKETCAO AND STAYING STRONG AT $1 FOR NOW BUT SOON I DON'T CARE WHAT HAPPENS BUT THAT ARTICLE ON FORBES TODAY WAS A CLASSIC COVER YOUR ASS BY A EDITOR ARTICLE. SO NOW I AM ONCE AGAIN PREDICT FORBES KNOWS SOMETHING AND SCNP AND DIBC ARE GOING TO GO TO THE NEXT LEVEL REAL SOON AND FORBES KNOWS IT. IF BITCOIN CAN TRADE AT $1200 A BITCOIN AND DOES NOTHING WHAT DIBCOIN IS ABOUT TO DO THEN THERE IS NO REASON WHY DIBCOIN CAN'T TRADE AT $5-10 A DIBCOIN AND THAT IS BEING LOW BALL PRICES BUT EVEN AT THOSE LEVEKS SCNP STOCK IS WORTH $1000-2350 A SHARE.
HAVE A NICE DAY
SCNP IS ABOUT TO SHOW BILLIONS IN ASSETS AND NO-ONE CAN DISPUTE THAT
What happened to that stock after 1999? Did it continue to go up?
Another good post!
You earned a membermark!
The Reason for the Second Article
was SCNP's press release about the first article.
Peter Reilly knows Ernie Land, Mr. Land is to date the most prominent multi level marketing professional attached to the Dib Nation "Amway of altcoins" effort. I know of Ernie not only from his MLM connections but also because of his "sovereign citizen" type beliefs. Mr. Land used to sell tax protester information (the secret reasons you never need to pay taxes sort of stuff) even as his close friend "Dr." Kent Hovind spent almost a decade in jail on tax and related charges.
Just to square the circle Peter Reilly blogs for Forbes primarily on tax related issues which is how he became interested in Kent Hovind and Ernie Land.
Adam Petty grotesquely distorted Mr. Reilly's first article in his PR, hallucinating something to the effect that Forbes dot com called SCNP's use of Dibcoin as something in the order of "genius." No rational reader of Peter's article would conclude anything even remotely close to that.
Had Adam Petty issued a PR saying that Peter Reilly had said such and such Peter may well have let it slide, SCNP is a microscopic fish in a fairly distinct lack of a barrel after all. But because something he wrote caused Forbes dot com's name to be taken very much in vain Mr. Reilly had no choice but to issue a clarification.
Let's see how "homeopathic Band-Aid" entrepreneur Adam Petty spins this one.
He explains, almost apologetically, why he wrote them...
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Sunshine Capital, Inc.
7777 Davie Road Extension Suite 302B
Hollywood, FL 33024
Nevada Secretary of State
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=nDhWNCWT8bmk%252f4Yvysqlag%253d%253d&nt7=0
OTC Markets
https://www.otcmarkets.com/stock/SCNP/profile
Authorized Shares 17,000,000 a/o Feb 21, 2017
Outstanding Shares 16,997,000 a/o Feb 21, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 450,000 a/o Dec 18, 2015
Par Value 0.0001
A Pensacola attorney pleaded guilty on Friday to filing false tax returns and tax evasion.
James R.J. Scheltema, 56, is a certified public accountant and attorney. Between 2010-13, Scheltema received restricted stock as compensation for his legal and accounting services. He initially reported no compensation on his 2011-12 individual income tax returns, according to a release from the U.S. Attorney's Office, despite receiving substantial compensation from stock issuance and the sale of stock.
Scheltema also failed to file timely individual and corporate income tax returns for two companies he owned and operated, then tried to evade notice of stock sales by instructing checks be made payable to his wife and his companies rather than himself. After being notified of an IRS investigation, Scheltema filed amended 2011-12 returns and a delinquent 2013 return, which were also false, according to the report.
Scheltema faces a maximum of three years in prison for each charge of filing false returns, and a maximum of five years in prison for the tax evasion charge. His sentencing hearing is scheduled for April 10.
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