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Do you understand that the perps owned, and may still own, large amounts of ZENO's stock? Among those perps were the unindicted co-conspirators Kenneth Ciapala and Ulrik Debo. There were four other CCs. This is what they and the nice folks indicted yesterday did:
In many instances, members of the Group purchased control of a publicly traded shell company from a "shell broker" [I'll point out that Lazar is a "shell broker", though I have no idea whether these people ever bought any shells from him.] and obtained control of substantially all of the shares of the publicly traded shell company whose share price they ultimately intended to manipulate in connection with the "pump-and-dump" scheme. These publicly traded shell companies frequently has few, if any, actual assets or actual business operations.
https://www.justice.gov/usao-sdny/press-release/file/1494591/download
I know right, pretty sure I own common shares of this Custo play! Haha!
Great, the SEC caught a bunch of foreigners swindling American Investors out of hard earned money. Finally looks like something my taxes are being used properly for. Have a nice Easter! I will take advisement or disregard as I feel necessary!
Thank you for your sentiments, I expect Lazar to place a company in this shell. Whether it is a good company or not is up to me to decide. Everyone is free to choose still what they want to do in America. Happy Easter, GLTU!
You think the shareholders of ZENO should be punished for being lied to?
It’s not against ZENO. The SEC had a problem with late filings. That’s it.
Lazar was well aware this was a fraudulent shell company and would be a cake walk to clean up.
That is WHY it won't be easy to "clean up". It's been involved with extensive criminal activity. Note further that there are 135 references to ZENO in the SEC action, which was announced at the same time as the indictments:
https://www.sec.gov/litigation/complaints/2022/comp25367.pdf
We have no idea whether Lazar was even aware of any of this until Friday. If he yet knows.
Lazar was well aware this was a fraudulent shell company and would be a cake walk to clean up.
yikes. I used to like trading custo plays up until a few minutes ago. Butt now that I’ve been slapped in the face with the harsh reality- it’s all an illusion. I will need to re-evaluate my life. after all these years of trading custodian plays, I’ve never even been a part of it. What’s even real? Makes me sad
‘Any kind of common shareholder is never a part of custo plays.’
That Lawsuit is not against Lazar or ZENO
You can read the criminal indictments--there are three--here:
Ten Members Of International Stock Manipulation Ring Charged In Manhattan Federal Court
Global “Pump-and-Dump” Scheme Targeted Retail Investors and Generated Over $100 Million in Illicit Proceeds
https://www.justice.gov/usao-sdny/pr/ten-members-international-stock-manipulation-ring-charged-manhattan-federal-court
$100 Million is a lot of money for a penny scam. Here are the indictments; I'll read them tomorrow:
Julius Csurgo and Anthony Korculanic:
https://www.justice.gov/usao-sdny/press-release/file/1494591/download
Curtis William Lehner, Courtney Vasseur, Hasan Sario, Dominic Calabrigo:
https://www.justice.gov/usao-sdny/press-release/file/1494596/download
Ronald Bauer, Craig Auringer, Petar Mihaylov, Daniel Ferris:
https://www.justice.gov/usao-sdny/press-release/file/1494601/download
Most of them have hilarious nicknames that remind me of the recent Progressive commercial. "Can I be 'Snake'?"
I'l read them all tomorrow.
https://www.justice.gov/usao-sdny/press-release/file/1494591/download
That lawsuit makes Lazar look like a hero.
In what conceivable way?
Now that is very interesting.
Wasn't going to look but had to respond to this.
Yes it does, he can show the court that his intent is to return the value those other criminals stole from unsuspecting shareholders. That is the whole reason there is a market for Custos. $ZENO
zeno isn't a real company. It was created by the guys going to jail.
Custodial trolls don't clean up anything of these companies. They misrepresent their custo's to the next loser.
Custo trolls literally steal companies as cheap as possible and sell them to others as a merger candidate.
Any links to a lazar custo becoming a viable company that isn't another internet scam campaign? Letters of intent do not count as mergers. Links to a lazar company that is operable as a stand alone company after a merger that lazar still owns or controls.
Show me one PR, one tweet, anything you can quote as having been said by Lazar to "hype" any shell he has acquired through the courts.
That lawsuit makes Lazar look like a hero.
Lawsuit is not against Lazar or ZENO
This has nothing to do with Lazar doing anything wrong. This is why courts overlook custodianships. Not the first time previous principal's have done questionable things with the companies they used to control in OTC. That's why Lazar has a lawyer representing him in this custodianship. Nothing new for a custodianship since their purpose is to clean up the company from previous management. This will just need to be taken care of in court (if at all).
Now. https://www.sec.gov/litigation/litreleases/2022/lr25367.htm?utm_medium=email&utm_source=govdelivery
https://www.sec.gov/litigation/complaints/2022/comp25367.pdf
Lazar is also a crook. He's a custo troll who hypes non mergers.
Well it proves Lazar posted opportunity for Proof of Claims, judge will view it favorably when it comes time to discharge to the new owner. GLTU $ZENO
5 business days puts me at this Friday. Let’s see what happens. This affidavit is proof this thing is moving forward.
Took my application about 5 business days to get approved.
Seriously, Gnarlyman, thank you. I still have not been approved by the website you linked me.
You bet, I like all to do well. Buying docs for a couple bucks is worth the sliver of peace of mind.
Thank you for your insight
Confident in the fact it’s a custo shell, other than that things can always go either way with these. lazar has a pretty good track record bringing them back to market, but the buyers are hit or miss on performing R/S of the Share structure. This one is fairly low so the chances are better it may not get one, but you never know.
Are you confident with Zeno
When do you think we will get news?
Even if it’s old, I just don’t recall seeing any Preferred shares. Saw some designated commons, presumably restricted to a certain degree. Let me know.
Let me double check myself.
Has anyone else read the filings? I doubt Lazar would go after a shell that is hard to clean up. Right? Let me double check. Either way, the guys from Spain had voting control? Maybe I’m reading an old filing?
I’ve dug through most of the filings, point to one that says “Preferred shares”. Link it from OTC, thanks.
What about the 4 guys in Spain on the filings? They have preferred shares. Do they get their shares canceled for failing their judiciary duties?
Not really, rode it up and down several times already. Generally how custodianships move. I usually average down if I can with a low bid or slap the ask if my average is lower than the ask. Mainly just glad Lazar cleaned up the SEC issues this had. Now I’m waiting to see what he places in the shell. GLTU!
Are you concerned?
Probably impatient folks.
Yeah, I was getting pissed that I couldn’t load my payment info in without it failing, Worked after I switched browsers from Safari to Chrome.
Waiting for approval myself. A little bit of a confusing process. I hope I did it correctly.
https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=kZbBDKsqq4fcYtNIz5C8Nw2&tabIndex=3
The case number and parties are included in the first link, you can get an account here.
https://www.clarkcountycourts.us/Portal/
I created an account and requested extended access so I could purchase docs, but it takes a bit for approval. GLTU
Please link me it. I will buy it and read it for us.
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