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Talk to your broker. There are ways to take a total loss on stocks like this. It will also be reported as a loss so you won't have problems with the IRS.
That isn't the point. Sure the linkage is there. The fact that NASA awarded the tech to Nanobeak is the point. I will still say that they are not going to get involved in whether Nanobeak is a part of MSGI. That is a legal matter for investors and there are remedies if one wants to pursue them.
Answer me, why the BIG investors aren't getting attorney's to fight? Maybe they will IF VNTH is successful and money comes pouring in but for now, there isn't any money pouring in.
In 2013, the NASA technology was awarded to Nanobeak, inc., not MSGI. I'm not sure why you think NASA would get involved in the MSGI mess.
What NASA cares about is getting their Technology to market and making money from it.
I know you are upset, so am I but there are some realities I have learned in the penny market. The SEC is not going to help investors, they are going to do just what they did here, collect money and ban the offender from the company. You never see class action litigation because there isn't any money left to recover and if there were none of the money would reach the small investors like us.
The penny market is HUGE RISK vs the possibility of high rewards. I don't condone what JB has done but I'm not going to waste my time, money and effort to ferret out the nonexistent pennies I would receive.
As is the case with most SEC actions, there was a settlement and Jeremy never admitted to fraud. You have to remember that SEC actions aren't about helping investors recoup losses but about the penalties they receive.
The SEC's complaint charges Barbera and MSGI with violating antifraud provisions of the federal securities laws. The defendants have consented to the entry of final judgments permanently enjoining them from future violations of the antifraud provisions. In addition, Barbera has agreed to pay a $100,000 penalty and be permanently barred from acting as an officer or director of a public company or from participating in a penny stock offering. Barbera and MSGI neither admitted nor denied the charges.
Simple---JB can no longer be associated with public company. MSGI is a shell and not even a clean shell due to SEC problems.
not really, just means that a MM sold you the shares at .0003 then purchased the shares, probably off a market order for .000017.
The only thing that I can add, is that nothing was ever filed stating that Jeremy had gained majority interest of Nanobeak. Of course, at this point I'm not sure if any of this matters, as MSGI is dormant and on the grey sheets.
Here's the original PR announcing the formation of Nanobeak.
http://www.businesswire.com/news/home/20090819005300/en/MSGI-Announces-Formation-Nanobeak-Subsidiary-Holding-Company#.VIiJKzHF-So
In order to get comments, something has to be filed. Nothing has been filed, if it had there would have been a filing posted on EDGAR. A couple of 8K's were filed but no amendments to the 10K's that were the original problem nor a 15c211.
From the link I posted, it explained that a company in a "quiet Period", can still publish material facts about the business, They just can't go out and promote the stock. The idea that Jeremy can't put anything out is not in line with what a "quiet period" is.
15c211 and Market Makers
By admin / 02 December 2009 / Uncategorized / 1 Comment
Filing a 15c211 requires more than simply sending a form to FINRA. Current regulations require the broker-dealer submitting a Form 211 to gather, analyze and maintain current financial and operational information relating to the issuing company. The process is an interactive one with FINRA, and requires a significant time commitment on part of both the broker-dealing submitting the 211 and the issuer wishing to become quoted.
One of the more reliable firms has been Spartan Securities and Island Stock Transfer who works diligently with its client companies to obtain a symbol and quote in the most timely and efficient manner.
15c211 is often needed when a company has been delisted and is attempting to relist from the grey sheets, a newly listing company, merger with a shell company, etc.
“Rule 15C211 Under SEC Rule 15C211, a U.S. securities broker or dealer may not publish a quotation for any security unless certain information concerning the issuer is available and the broker or dealer has a reasonable basis for believing that the information is accurate. The information requirement is satisfied, in simple terms, if:
1.a Securities Act registration statement (F-6, F-1) has been filed within the last 90 days,
2.the issuer is complying with filing requirements and has in its records the issuer’s most recent annual report,
3.the issuer is complying with Rule 12g3-2(b),
4.the broker or dealer has on record information relating to the issuer, its securities, its business, products and facilities. Management information, financial statements of the issuer and certain other data must also be on record.
If you need help finding a competent market maker please contact info@otclistings.com
http://www.otcbbblogs.com/15c211-and-market-makers/
Regarding "Quiet Period"
http://www.sec.gov/answers/quiet.htm
Problem with all the speculation that the SEC is holding MSGI back or that filings with the SEC have occurred, is that they would be public information and we would see the filings.
To date the company has not filed the amendments that were mentioned in the last PR. Until those amendments are filed and all financials brought up to date, they aren't going to get a Broker/Dealer to sponsor the filing of a 15c211. Remember that a 15c211 is filed by the Broker/Dealer on behalf of the company. The broker/dealer is responsible to go through the company financials and be satisfied that all the financials are in order prior to filing the 15c211.
Only after the 15c211 will the SEC comment, they will do this in a public filing.
I still hold my shares of MSGI but at this point it does not seem that getting MSGI relisted or even current to begin trading on the Pink Sheets is a priority. In fact, it seems the priority is VNTH.
I have no idea what the future will bring.
If there is an R/S a 1,000 to 1 is ridiculous. an O/S of 2M doesn't make sense. 10/1 makes more sense as if would make the o/s around 200M can't see an R/S being more than 100/1 which would make the O/S 20M.
even at 20M the stock would have a hard time trading at all.
Guess we just have to continue waiting and see.
The more I read it, the more confusing it gets.
It's as confusing as every other deal Greg has entered into. Much of what was in the PR is not what is actually in the filings.
IMO, the filing is what needs to be looked at instead of the original PR.
All I know is that there has always been problems, even after PR's have stated that deals were finalized and completed.
Originally, it sounded like Green Cures was buying the Triton shell for $65,000 and that Triton was keeping all liabilities, assets and goodwill. The confusion comes in, if there are shares of PVCL that are part of the deal and if they will be dispersed as a divvy and how are the remaining Preferred shares being dealt with. There are also shares being sold but not sure which shares or what is actually being retired. It's a mess.
TTDZ board going crazy. Green Cures Inc website went live.
They say what they plan to do but nothing of substance yet.
Brand new company with no current revenues but it doesn't stop the crazy valuations being thrown out by the pumpers.
http://www.greencuresinc.com/
NO. Just read and stop interpreting what you think is happening.
Not nonsense, facts.
I haven't given an opinion nor have I ever advised anyone to buy, sell or hold this stock.
It's up to individuals to decide for themselves what to do.
Mugg and Tang are not the legal counsel. Not since the Attorney Opinion Letter signed by an attorney that passed away last August.
Tad Mailander ended up doing the Attorney Opinion Letter.
Notice the WILL BE. It hasn't happened. Nothing knew for TTDZ to PR, they have stated in the past that offshore investments of millions of dollars were coming in but it never happened.
http://www.consumerelectronicsnet.com/article/Tritons-Green-Earth-Partners-Subsidiary-Company-Signs-a-Significant-Gold-Sale/Purchase-Contract--1556323
http://www.reuters.com/article/2010/12/09/idUS126014+09-Dec-2010+MW20101209
Are you saying that the filings are wrong and the Attorney Opinion Letter that verifies the filing is wrong?
The numbers are right in the filing and have been updated on OTC Markets company information website.
TTDZ Security Details
Share Structure
Market Value1 $15,344,521 a/o Feb 19, 2014
Shares Outstanding 1,743,695,597 a/o Sep 30, 2013
Float 1,531,010,602 a/o Sep 30, 2013
Authorized Shares 2,000,000,000 a/o Sep 30, 2013
Par Value 0.001
http://www.otcmarkets.com/stock/TTDZ/company-info
TTDZ is still Triton Distribution until the "takeover" is completed. Even then, in TTDZ's case, it doesn't mean it's completed. I posted the DD regarding past Acquisitions and JV's that were PR'd as completed but never actually happened. There have been 4 of them, going back to when TTDZ was known as TTDS. Same company, same CEO.
There was ZTS, AGT, Green Earth Partners and Efactor.
There hasn't been anything stated by Green Cures, other than what The CEO of Triton has stated.
Remember what is really happening here, Green Cures is attempting to buy a clean empty shell. All Triton's write offs, liabilities and assets are being transferred to PVCL, according to the filing.
I also suggest that one looks at the filings regarding preferred shares, since there are 18,338,051 of them outstanding and only 9,000,001 being sold to Green Cures or retired.
http://www.otcmarkets.com/financialReportViewer?symbol=TTDZ&id=116175
From the current filing the Float is 1.5B
http://www.otcmarkets.com/financialReportViewer?symbol=TTDZ&id=116175
Here's something I found, that will give all an idea of how hard it is to get relisted.
http://promotionstocksecrets.com/edvp-becomes-the-first-suspended-ticker-to-return-from-the-grey-sheets-in-over-3-years/
I really don't know what is going on. But, getting relisted is not easy. It isn't just a matter of filing a 15c211.
I would think that MSGI has to first adequately answer all questions the SEC had regarding the suspension. Then not only would the Fins need to be brought up to date but some Fins that were filed might need to be restated.
IF, that can be accomplished, then MSGI must find a Broker/Dealer that is willing to file the 15c211 on their behalf. The Broker/Dealer must go through all the Fins and company PR's etc and basically feel they are all within SEC regs. During this process, the SEC may make comments which would need to be answered to their satisfaction prior to a relisting.
I have never seen a company get relisted after a suspension but I have seen the process of the initial filing for a few companies. It took 9 months to 1 yr for them to get listed due to SEC comments and replies.
No idea where in the process MSGI is. It could be close enough to where April could be the time frame, since Jeremy talked of a quiet period ending around that time or maybe the filing of the 15c211 might happen in April.
I've had this on the back burner since the suspension so anything positive that may happen is a huge plus.
We are like the ground hog, we come out see our shadow and go back into the dark. Hopefully Spring is just around the corner.
One problem with this line of thought. If a 15c211 had been filed it would show up and all comments and responses generated by the filing would also have been filed.
Sounds like something may be going on but just like the stock we are in the dark.
A/S is 2B
O/S 1,743,695,597
http://www.otcmarkets.com/financialReportViewer?symbol=TTDZ&id=116175
Yep. Another current darling of the Pot stocks, TTDZ's filings are and have been ridiculous for years. Nothing ever done about it and shareholders always say, it's a new company.
Buy them books, send them to school. What can you do?
As long as no one is holding their feet to fire, bogus financials will be the norm rather than the exception. Of course all those longs will keep making excuses for the company. conspiracy, Shorts and bashers.
More like. I wrote the Financials on Saturday, stayed at a Holiday Inn on Sunday so when I published them on Monday they were essentially audited.
What dots? 2 companies that have never been in the MMJ industry getting together.
What is the track record of Green Cures Inc that only became a corp recently?
As for Triton, it's a failed enterprise for all the yrs it's been in existence. It failed at the travel industry, failed in the GOld industry and now all of a sudden is a POT stock. LOL.
A couple yrs back when Gold was hot Triton jumped on board. Here's some PR's and an interesting article regarding the whole fiasco. And of course without losing a step after the "AGT" deal fell through another deal was struck, do a search of Triton DIstribution & Green Earth Partners. Management is not aspiring entrepreneurs but grizzled veterans of the penny market. Look at the sos Colorado filings and you will see multiple Reverse Stock Splits, raising of the A/S etc etc etc.
http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=TTDZD:US&sid=akGkOthuaKek
http://unified-communications.tmcnet.com/news/2011/01/06/5228819.htm
http://www.businessinsider.com/enjoy-a-little-crapshoot-with-loaded-dice-how-a-tiny-russian-gold-prospector-was-boosted-into-a-half-billion-dollar-speculation-to-fool-us-regulators-2011-2
http://beforeitsnews.com/press-releases/2011/02/triton-distribution-systems-inc-expands-its-operations-402156.html
https://www.google.com/search?q=triton+distribution+AGT&rls=com.microsoft:en-US:IE-Address&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7ACGW_enUS356US356#q=triton+distribution+green+earth+&rls=com.microsoft:en-US:IE-Address
TTDZ filing is confusing.
Look a t page 13 Item 6. States that CEO Greg L, is selling shares to Green Cures. then a few paragraphs later states he is surrendering the stock to treasury and retiring the shares.
Also states that 144 restricted shares are free trading.
Then states that the OS and Float will be reduced by the 305M shares.
http://www.otcmarkets.com/financialReportViewer?symbol=TTDZ&id=116175
New Pot Banking Guidelines Moot in CA?
Posted by Thadeus Greenson on Sun, Feb 16, 2014 at 10:42 AM
Thanks to some recent direction from the Obama administration, banks are now allowed to do business with folks who make their living in the legal marijuana trade. But, maybe not in California.
In response to a growing uneasiness with the cannabis cash conundrum, spurred at least in part by the introduction of legal recreational marijuana sales in Colorado, the U.S. Department of Justice and the Financial Crimes Enforcement Network issued new guidelines to financial institutions that it appears will allow them to knowingly accept deposits of pot proceeds.
Because marijuana is classified as a Schedule 1 drug under the Controlled Substances Act, the feds traditionally taken a hardline stance with banks, which are forbidden from knowingly doing business with drug dealers. Despite marijuana’s varying legal status in dozens of states, the Department of Justice has essentially maintained that dispensaries are drug dealers and that banks doing business with them, consequently, risked a severe federal response. This leaves folks in the marijuana business either sitting on huge amounts of cash or essentially having to launder their proceeds through personal bank accounts or other businesses.
Thanks in a large part to the legalization of recreational marijuana in Colorado, the issue has received increasing media attention, with a recent Time Magazine story recently detailing how Colorado pot shop owners are travelling with briefcases full of cash, dolling out payroll in $20 bills and financing multi-million dollar construction projects with cold hard cash. Noting that some of Colorado’s marijuana entrepreneurs have taken to storing their money in secret, high-security warehouses, the story quotes Betty Aldworth, a former deputy director of the National Cannabis Industry Association, as saying the lack of access to banking is “the single most dangerous aspect of legal marijuana.”
But the new guidelines promise to change that, allowing banking institutions and credit card companies to do business with marijuana shops and dispensaries as long as they do due diligence to make sure everything is above board.
“In assessing the risk of providing services to a marijuana-related business, a financial institution should conduct customer due diligence that includes: (i) verifying with the appropriate state authorities whether the business is duly licensed and registered; (ii) reviewing the license application (and related documentation) submitted by the business for obtaining a state license to operate its marijuana-related business…,” the guidelines read.
Those two provisions might render the whole thing moot in California, which does not have a state licensing system and, instead, relies on local ordinances to regulate medical marijuana dispensaries and collectives.
Local dispensary owners have historically been tight lipped about their banking status. That’s understandable, but it means the local impact of the new federal banking guidelines and the uncertainty of their application in California remains unclear. The Journal reached out to a number of local dispensaries on the issue, but has not heard back. We’ll update this story if we do.
While there’s uncertainty in California, most in the marijuana movement seem to agree the new guidelines represent a huge step forward. Americans for Safe Access (ASA), a medical marijuana advocacy group, issued a press release saying the new guidelines will make the industry safer for both dispensaries and their patients, who will no longer have to use cash to get their medication.
“We will certainly be working with banks, credit unions and credit card companies to ensure proper implementation of this federal guidance,” said ASA Executive Director Steph Sherer in a press release. “Removing the risks of operating as an ‘all-cash’ business cannot be overstated, but we will also continue to put pressure on the Obama Administration to wrap these types of discrete practices into a more comprehensive medical marijuana policy.”
http://www.northcoastjournal.com/Blogthing/archives/2014/02/16/new-pot-banking-guidelines-moot-in-ca
New Pot Banking Guidelines Moot in CA?
Posted by Thadeus Greenson on Sun, Feb 16, 2014 at 10:42 AM
Thanks to some recent direction from the Obama administration, banks are now allowed to do business with folks who make their living in the legal marijuana trade. But, maybe not in California.
In response to a growing uneasiness with the cannabis cash conundrum, spurred at least in part by the introduction of legal recreational marijuana sales in Colorado, the U.S. Department of Justice and the Financial Crimes Enforcement Network issued new guidelines to financial institutions that it appears will allow them to knowingly accept deposits of pot proceeds.
Because marijuana is classified as a Schedule 1 drug under the Controlled Substances Act, the feds traditionally taken a hardline stance with banks, which are forbidden from knowingly doing business with drug dealers. Despite marijuana’s varying legal status in dozens of states, the Department of Justice has essentially maintained that dispensaries are drug dealers and that banks doing business with them, consequently, risked a severe federal response. This leaves folks in the marijuana business either sitting on huge amounts of cash or essentially having to launder their proceeds through personal bank accounts or other businesses.
Thanks in a large part to the legalization of recreational marijuana in Colorado, the issue has received increasing media attention, with a recent Time Magazine story recently detailing how Colorado pot shop owners are travelling with briefcases full of cash, dolling out payroll in $20 bills and financing multi-million dollar construction projects with cold hard cash. Noting that some of Colorado’s marijuana entrepreneurs have taken to storing their money in secret, high-security warehouses, the story quotes Betty Aldworth, a former deputy director of the National Cannabis Industry Association, as saying the lack of access to banking is “the single most dangerous aspect of legal marijuana.”
But the new guidelines promise to change that, allowing banking institutions and credit card companies to do business with marijuana shops and dispensaries as long as they do due diligence to make sure everything is above board.
“In assessing the risk of providing services to a marijuana-related business, a financial institution should conduct customer due diligence that includes: (i) verifying with the appropriate state authorities whether the business is duly licensed and registered; (ii) reviewing the license application (and related documentation) submitted by the business for obtaining a state license to operate its marijuana-related business…,” the guidelines read.
Those two provisions might render the whole thing moot in California, which does not have a state licensing system and, instead, relies on local ordinances to regulate medical marijuana dispensaries and collectives.
Local dispensary owners have historically been tight lipped about their banking status. That’s understandable, but it means the local impact of the new federal banking guidelines and the uncertainty of their application in California remains unclear. The Journal reached out to a number of local dispensaries on the issue, but has not heard back. We’ll update this story if we do.
While there’s uncertainty in California, most in the marijuana movement seem to agree the new guidelines represent a huge step forward. Americans for Safe Access (ASA), a medical marijuana advocacy group, issued a press release saying the new guidelines will make the industry safer for both dispensaries and their patients, who will no longer have to use cash to get their medication.
“We will certainly be working with banks, credit unions and credit card companies to ensure proper implementation of this federal guidance,” said ASA Executive Director Steph Sherer in a press release. “Removing the risks of operating as an ‘all-cash’ business cannot be overstated, but we will also continue to put pressure on the Obama Administration to wrap these types of discrete practices into a more comprehensive medical marijuana policy.”
http://www.northcoastjournal.com/Blogthing/archives/2014/02/16/new-pot-banking-guidelines-moot-in-ca