Ultimate Lifestyle Corporation (UMLS)

[NHPIPIXiPY$26]

Not saying we're old though! LOL I'm still fairly young in the big scheme of things.. just seems a lot of the people from 2001-2009 have dropped off the trading grid over the years.

I don't miss those days trading-wise, just have to slow the years down going forward! Hope you're doing well in this crazy market!

[Sideem]

Yes we are. The years have gone by too fast.

[NHPIPIXiPY$26]

I read some of my old posts & it's like they are from a stranger. Nice to see some other people from "ancient ihub" are still around. We are few and far between these days!

[Sideem]

LOL yes I do go back every once in a while to see what I was dabbling in back in the day.

[NHPIPIXiPY$26]

As fate would have it, GTLL would go BIG in 2021, and that dumb ipys kid actually made it! Sold GTLL long before the run though.. LMAO!

Reading through some ancient posts tonight and remembering the old days!

[Renee]

UMLS SEC Suspension:

https://www.sec.gov/litigation/suspensions/2017/34-81012.pdf

[Lawrence 147]

One share traded today for .15 at 1 pm. Ha Ha Ha what a joke this one turned out to be.

[kranthikumar]

UMLS is gaining attension and momantum

[scion]

HARRIS DEMPSEY “BUTCH” BALLOW AND NINE OTHERS CHARGED WITH ALLEGEDLY EXECUTING STOCK FRAUD SCHEME WHILE BALLOW A FUGITIVE FROM JUSTICE

Co-defendants charged with harboring and concealing Ballow from arrest

http://www.justice.gov/usao/txs/releases/November%202010/110210%20Ballow.htm

(HOUSTON) – A federal grand jury returned two separate but related indictments Oct. 26, 2010, against Harris Dempsey “Butch” Ballow, 67, formerly of Galveston County, Texas, and a total of nine other alleged associates arising from an alleged fraudulent stock sale scheme executed while Ballow was a fugitive from justice as well as charges arising from harboring and hindering Ballow’s arrest and assisting an offender, United States Attorney José Angel Moreno announced today along with FBI Special Agent in Charge Richard C. Powers and acting United States Marshal Elizabeth Saenz.

The first indictment (H-10-494-S) alleges a total of eight counts. Ballow; his wife, Robin Harless Ballow, 56, formerly of Galveston County, Texas; Ruben Garza Perez, 50, formerly of Houston; Kelly Lyn Boothe, 44, of Houston; and Jeffrey Janssen Anuth, 52, of Cancun, Mexico, are charged with conspiracy to commit wire fraud arising from an alleged seven-year scheme during which the defendants allegedly sold shares of stock in public companies acquired and controlled by Ballow while he was a fugitive from justice. According to allegations in the indictment, the defendants sold stock to unsuspecting investors by hiding Ballow’s true identity, disseminating false and misleading information to increase and maintain the value of stock, failing to fulfill promises to remove restrictions which prevented investors from selling the stock and selling land and ownership interests in a real estate development that never materialized.

Harris Ballow was a fugitive from justice in the United States for more than five years. He was indicted in federal court in Houston in 2003 for fraud and money laundering which centered on misrepresentations made in connection with the purchase and sale of stock. Ballow pleaded guilty before U.S. District Judge David Hittner to money laundering in November 2003 and faced a maximum of 10 years imprisonment. At the time, Ballow, who had been in custody without bond for approximately a year, agreed to cooperate with a Securities and Exchange Commission (SEC) investigation and was released on a $100,000 bond pending his sentencing set for Dec. 16, 2004. However, Ballow failed to appear for the sentencing and fled the country. A warrant for Ballow's arrest was issued the next day, Dec. 17, 2004.

According to today’s superseding indictment, Harris Ballow lived under the names John Gel, Tom Brown and Marty Twinley during his time as a fugitive and also acquired a British passport in the name of Melvyn John Gelsthorpe. The indictment alleges he used these names to take control of publicly-traded corporations, including E-SOL International Corp., Medra Corp., Deep Earth Resources Inc. and Aztec Technology Partners Inc., now called Ultimate Lifestyles Corporation, and sold the stock to investors without revealing his true identity, his use of multiple names, his past convictions for fraud and money laundering and his status as fugitive from justice in the United States. Harris Ballow and the other four defendants are also charged with four counts of wire fraud arising from the alleged scheme.

Harris Ballow is also charged with failure to appear at a sentencing hearing in federal court in 2004. All other defendants are charged with harboring and concealing him from arrest and with assisting a federal offender.

According to the indictment, Robin Ballow, who also lived under alias names, accompanied her husband the entire time that he was a fugitive, concealing his true identity from investors and law enforcement authorities.

Perez was a long-time associate of Harris Ballow. According to the indictment, after Ballow fled the United States, Perez followed him around Central America and Mexico and managed many of his financial affairs.

Anuth became an officer of two companies controlled by Harris Ballow around 2007. Anuth was allegedly informed that Ballow was wanted by the FBI in 2008 but continued to work for Ballow for approximately two more years, allegedly hiding Ballow’s true name from investors. Boothe became the president of a Ballow-controlled company in 2005. According to the indictment, Boothe associated with Ballow while he lived under multiple alias names for the subsequent five years until Ballow was arrested in 2010.

The indictment alleges Ballow moved to Puerto Aventuras, Mexico, in 2008, but disappeared in July 2009, just days after convincing an investor to wire transfer $5 million to E-SOL. According to the indictment, in October 2009, Ballow reappeared in Puerto Vallarta, Mexico, where he lived in a luxurious golf resort until he was arrested by Mexican federal police on July 13, 2010. He awaits extradition to the United States. Warrants remain outstanding for the arrest of Ballow’s wife, Perez, Anuth and Boothe.

The second separate but related indictment (H-10-258-S), alleging a total of nine counts, charges Patrick Lanier, 62, of Austin, Texas; Christopher Robert Harless, 57, of Georgetown, Texas; Sikiru Olubunmi “Tony” Bonojo, 40, of Missouri City, Texas; Clarence LaFey Hudgens Jr., 54, of Lebanon, Ore.; and James David Wright, 55, of Corinth, Texas, with conspiracy to commit wire fraud arising from the same alleged stock sale scheme alleged in the first indictment, four counts of wire fraud as well as one count of harboring and concealing Ballow from arrest. Hudgens and Wright are each charged separately with one additional count of making false statements to the U.S. Marshals Service during the search for Harris Ballow in 2009. The indictment had been returned under seal but was unsealed following the surrender and/or arrest of the defendants.

Lanier is an Austin, Texas, attorney who represented Harris Ballow during proceedings before the SEC in 2004 and also during the criminal case that led to Ballow becoming a fugitive. The indictment alleges that Lanier served as a lawyer for a corporation that Ballow controlled after Ballow fled the United States. He surrendered to federal authorities in Austin, Texas, this morning and has made an initial appearance before a U.S. Magistrate there.

Harless was Robin Ballow’s brother and, thus, Harris Ballow’s brother-in-law. The indictment alleges Harless moved to Mexico in 2008 where he lived under an alias name and worked for Harris Ballow. Harless was arrested in Georgetown, Texas, and made his initial appearance today before a U.S. Magistrate Judge in Austin. Harless has been ordered temporarily detained pending a detention hearing scheduled for Friday, Nov. 5, 2010.

Bonojo met Harris Dempsey Ballow in prison. According to the indictment, Bonojo received hundreds of thousands of dollars from Ballow while he was a fugitive and distributed portions of it, in cash, to Ballow’s relatives in Texas. Bonojo was arrested in Houston on Friday, Oct. 29, 2010, and appeared before U.S. Magistrate Judge Stephen Smith on Monday, Nov. 1, 2010. He has been ordered temporarily detained pending a detention hearing scheduled for Thursday, Nov. 4, 2010.

Hudgens Jr. began working with Harris Ballow in or around 2007, according to the indictment. Later, he too became the president of a Ballow-controlled company. The indictment alleges that an FBI agent and Deputy U.S. Marshal informed Hudgens in 2009 that Harris Ballow was a fugitive, but that Hudgens thereafter continued to work for Ballow and allegedly deceived investors into believing that Ballow’s name was Tom Brown.

Wright was a friend of Harris Ballow for many years, according to the indictment, and became the CEO of a Ballow-controlled company in 2009. The indictment alleges that Wright was confronted by Deputy U.S. Marshals in 2009 in Mexico and falsely claimed not to know Ballow.

Hudgens and Wright, who were charged in the original indictment, are presently on bond. They are expected to make initial appearances on the new charges in the near future in response to a summons.

The conspiracy to commit wire fraud and substantive wire fraud charges each carry a maximum statutory penalty of 20 years imprisonment and a fine of not more than $250,000. The harboring and false statement charges each carry a maximum statutory penalty of five years imprisonment and a fine of not more than $250,000. Assisting a federal offender charges carry a maximum statutory penalty of two and one-half years imprisonment and a fine of not more than $250,000.

The case was jointly investigated by the United States Marshals Service and the FBI with the substantial assistance of the United States Postal Inspection Service. Assistant U.S. Attorney John R. Lewis will be prosecuting the case.

An indictment is a formal accusation of criminal conduct, not evidence.
A defendant is presumed innocent unless and until convicted through due process of law.

http://www.justice.gov/usao/txs/releases/November%202010/110210%20Ballow.htm

[mrboston]

anybody know when the announcement is coming ?

[mrboston]

i guess not .

[mrboston]

anybody know whats going on here ?

[PennyBlender]

They're not showing. I traded bits yesterday and they never showed the right volume or price. Only thing they did is bringing the bid up by .10, lol.

Clear to me: they will not let it move, not UNDER 5 and discourage in the hope all will sell at this level. Only then will they make the next move = go to a higher board.

Let's be honest, anybody interested in a property will check the company out. In the AZTC days they were not tracable, now they are. Would you buy a condo from a company that shows speculation in its stock and has so many negative posts on its name?

[MONEYMADE]

When is the dumping...er buying going to begin??

[MONEYMADE]

No,,,Because it was not significant....let me guess less than 100 shares.

[GreyGoose_69]

no buys and sells today. I don't see an $8 trade....

[PennyBlender]

no, and guess what they don't even show the trade.

They might be trading volume without us knowing it ...

[Briander]

is any body looking into this

[PennyBlender]

They took my 8.00 buy order and the pps did not blink.

Tells you the game going on here.

[Jim Bishop]

They are Pink quoted only and don't even bother filing with Pink OTC, which is why they get the skull and crossbones warning there.

http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=umls

[PennyBlender]

Thank you Jim.

Question remains, does UMLS fall into the category that does need to file with SEC or not. If so their time limit is up today and we should find that info somewhere. And whatever it is, it will change something.

[Jim Bishop]

Form 8-K
In addition to filing annual reports on Form 10-K and quarterly reports on Form 10-Q, public companies must report certain material corporate events on a more current basis. Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should know about.

The instructions for Form 8-K describe the types of events that trigger a public company's obligation to file a current report, including any of the following:

Section 1 -- Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement
Item 1.03 Bankruptcy or Receivership

Section 2 -- Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets
Item 2.02 Results of Operations and Financial Condition
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 2.05 Costs Associated with Exit or Disposal Activities
Item 2.06 Material Impairments

Section 3 -- Securities and Trading Markets
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.02 Unregistered Sales of Equity Securities
Item 3.03 Material Modification to Rights of Security Holders

Section 4 -- Matters Related to Accountants and Financial Statements
Item 4.01 Changes in Registrant's Certifying Accountant
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

Section 5 -- Corporate Governance and Management
Item 5.01 Changes in Control of Registrant
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
Item 5.05 Amendment to Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics
Item 5.06 Change in Shell Company Status

Section 6 -- Asset-Backed Securities
Item 6.01 ABS Informational and Computational Materials
Item 6.02 Change of Servicer or Trustee
Item 6.03 Change in Credit Enhancement or Other External Support
Item 6.04 Failure to Make a Required Distribution
Item 6.05 Securities Act Updating Disclosure

Section 7 -- Regulation FD
Item 7.01 Regulation FD Disclosure

Section 8 -- Other Events
Item 8.01 Other Events (The registrant can use this Item to report events that are not specifically called for by Form 8-K, that the registrant considers to be of importance to security holders.)

Section 9 -- Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits

Companies have four business days to file a Form 8-K for the events specified in the items in Sections 1-6 and 9 above. However, if the issuer is furnishing a Form 8-K solely to satisfy its obligations under Regulation FD, then the due date might be earlier. (Issuers with questions concerning compliance with Regulation FD should consult with counsel or the SEC’s Division of Corporation Finance.)

You can find a company’s Form 8-K filings on the SEC’s EDGAR database. We have posted information on our website on how to use the EDGAR database. For more information, you may wish to read answers to Frequently Asked Questions about the implementation and interpretation of the Form 8-K items, produced by the staff of the Division of Corporation Finance.





http://www.sec.gov/answers/form8k.htm

[PennyBlender]

Aren't they supposed to file a form 8 or something with SEC within 15 days of the merger? That should tell us what the SS looks like now.

I cannot see where they made their money out of this. Also you would believe that Meus as the great merger Guru would have his name on the line as well.

After the hype everybody is of course very cynical, but I still believe there must be a reasoning behind this operation. The MM won't let it under $5 is that telling us something?

If anything, they want all the speculation out of this and probably all our shares before they move on.
I am holding.

[MONEYMADE]

Historical:........

   Close    
  
  2010/04/07   5.05  
  2010/04/06   5.00  
  2010/04/05  5.01  
  2010/04/02   5.00    
  2010/04/01  5.26  
  2010/03/31  5.00  
  2010/03/30  6.25  
  2010/03/29    6.75  
  2010/03/26   8.50  
  2010/03/25   8.50 

[MONEYMADE]

I have yet to see 1 buy over $5.....LOL!!!

[MONEYMADE]

"I'd do better leaving my money in the bank, at least I'd still have it"


ROFL!!!! The sad part is what's coming next....

[tvman]

Its over folks no matter how we don't want to admit it, I have said to myself If i can't make better decisions in the future than this kind of POS crap I will stop investing period. I'd do better leaving my money in the bank, at least I'd still have it.

[GreyGoose_69]

So, before the Reverse Split, we'd be at .0051 right now. I haven't see very much buying in the last week or two.

[MONEYMADE]

2,000 dump today....it's starting

[PennyBlender]

They're all gone home counting money. They'l be back though, knowing there's more to be had.

[mrboston]

Hello , anybody home here ?

[MONEYMADE]

So,,,,,let me get this straight...UMLS offering $1..stock to 144's
Who in their right mind would step into this turd field???

[MONEYMADE]

Yeah up a quarter...SELLERS MUST HAVE TAKEN OFF EARLY.

LOOK FORWARD TO THEIR RETURN ON MONDAY. SLOPE IS DOWN

[GreyGoose_69]

The topic at hand is UMLS. You need to stop talking about each other and your motives. I will delete every one of your posts, whether you are for or against this stock....I will not discriminate. If you think I am unfair, then bring it up to Admin.

[flaflyersfan]

slojab, exactly;

People who owned UMLS before the surprise Reverse Split bought in blindly with no information about the company. What kind of info could the people be offered 144 shares have?

Just continues to show that common shareholders that paid retail are the last to know anything.

Good luck.

[MONEYMADE]

Not in the real world...keep holding

[MONEYMADE]

ROFL!most investors that didn't sell $8.50 HAVE LOSS ALMOST HALF! IF they went with your philosophy.

[Slojab]

LOL so company is doing private offering stock for $1 (Restricted of course)

We don't know that. As you stated, someone came on the board and told us that. Frankly, I find it hard to believe anyone who is in a position to do a private offering would create an account on Ihub in order to ask strangers what to do.

But maybe he'll post today and tell us more.

[PennyBlender]

Restricted stock (1244) is SEC regulated. This means financials should be with SEC as well.

Either the BS is flying around here to get the stock lower OR the Company -as I hoped- will offer stock as part of a sharing condo deal. The property remains with the Company and the customer can buy-in with whatever value the stock has in a year -or more- time and that depends depends on the restrictions. It would help if Zarhi would share any documents that disclose the offer's conditions.

If this is true it adds up to the RS and everything else. If the owner wanted to cash out on his stock he could have made millions on his 50 M shares, but he didn't (the panic sell off involved 14M to my knowledge). They want the stock to remain above a certain value (hence the RS) to go to a higher board within a year. This means they will buy out of market as soon as it gets too close to that value.

They want ALL our shares one way or another. I am going to HOLD!

[Lawrence 147]

Zarhi;

I would be very careful buying any stock that is restricted. When it comes time for a restriction to be lifted, often the company just does not allow the restriction to be lifted and you are stuck with stock and no money. As MoneyMade said just wait and watch for now. I would also be very cautious if they gave you a deadline to respond.

[MONEYMADE]

,,,,,,,LOL so company is doing private offering stock for $1 (Restricted of course) no confirmation...though I don't doubt this poster..... just let's me know I made the right decision to take my last $6k and run like hell.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48491788

....UMLS will be under 50c before you say raccoon balls

[Slojab]

The question isn't what I'D do. He asked what we think HE should do.

I'm assuming he has information on which to base his decision. I don't.

[MONEYMADE]

,,,,,,,Sure you can...what would you do???

[Slojab]

Your three posts are up.

Unless you have information that you can share with the board, there's no way anyone here can give you guidance, zarhi.

[Slojab]

Were you given any information on which to make this decision?

[zarhi]

I got some intel on this one. Just want to figure how much money i should go in with...

Please help!

[MONEYMADE]

Hmmmmmm....we are almost at $1 now (Think it over) I personally would not do it as those shares may be under water.

[zarhi]

offering is for a dollar. They are called 144 shares..

[MONEYMADE]

At what discount????