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Disheartening to see that this board is still packed full of OT trash from the same serial offenders during the weekday. It's not worth it to wade through all the BS posts just to find a rare post about stocks, DD, or fraud research.
The SEC finally caught up with the Honig/Brauser/Frost crowd. . .the "Angel Investors" that the Indyjones stooge was touting. https://www.sec.gov/news/press-release/2018-182
And less warning labels. Let that Darwin stuff work its magic.
That sudden drop might have something to do with the Honig/Brauser/Frost/GRQ Consultant effect. . .
https://www.sec.gov/litigation/litreleases/2018/lr24262.htm
The bike delivery guy was nilremerlin. He was the one that plastered all the flyers outside the New York Post because he was pissed about the article by Chris Byron. We should only be a few months out from his annual "spring rise" call. I think his reading of the stars finally told him to move to Colorado to pump marijuana scam stocks from a legal state.
"Approve a Reverse Stock Split of the Company’s common stock at a ratio of not less than 1 for 300 and not more than 1 for 800, within the discretion of the Board of Directors, at any time prior to December 31, 2017"
As I recall, Nil claimed credit for this. . .
"At GlobeTel, management was so exercised by his coverage that they plastered flyers with Byron's photo on New York City muni-meters outside the headquarters of News Corp. (NWSA) , which owns the Post. The flyers suggested journalism schools should make his work "a case study" in what's wrong with reporters."
Pharma Bro guilty on 3 of 8 counts.
https://www.thestreet.com/story/14257812/1/pharma-bro-martin-shkreli-found-guilty-on-3-of-8-counts.html
Doesn't yield much confidence when the major exchange that trades such currencies crashed while the currencies were tanking.
http://fortune.com/2017/06/15/bitcoin-ethereum-price-coinbase-down/
I imagine there will be a lot of panic selling leading up to the uncertainty of August 1st.
https://hackernoon.com/casual-bitcoin-users-you-need-to-know-about-aug-1st-d568e07418cb
There was a big cryptocurrency crash over the weekend. Just as in any pump, they are trying to prop up the price while they dump.
https://venturebeat.com/2017/07/16/3-reasons-cryptocurrency-prices-are-in-free-fall/
A "great opportunity" to lose money. . .
A one-way ticket to insolvency just like all the pennies Phipps has been involved with. This thing was over $2 before Honig/Brauser/Phipps started selling off all the convertible shares they keep issuing to themselves.
More like tens of posters posing as hundreds of posters.
At least they got this out of it. . .
NSA seeking new business for in-house CMOS wafer fab
http://www.militaryaerospace.com/articles/print/volume-9/issue-12/departments/cots-watch/nsa-seeking-new-business-for-in-house-cmos-wafer-fab.html
Officially delinquent by OTC Markets with a Pink No Information stop sign.
http://www.otcmarkets.com/stock/MGTI/quote
Historically, you will end up holding paper. Phipps has used the same assets on at least two other P & D's; WSGI and GLBT. They are both now delisted with three or four zeros after the decimal point.
An average of over $400K compensation for $50K of production per employee.
The SEC can only suspend a ticker for 10 days. However, all stocks ending a suspension are transferred to the "Grey Market." Grey market stocks are not listed on any stock exchange and receive no quotes on the Pink Sheets or OTCBB. They are not eligible to be traded on any of these exchanges. Any trading of Grey Market stocks are between consenting adults and usually arranged through a broker. They are sold privately and may not be solicited or advertised to the public.
These stocks remain on the Grey Sheets until all SEC Litigation has been adjudicated by an SEC Administrative Law Judge at which point the shares are fully revoked. Of the thousands of OTC stocks that have been relegated to the Greys, I am not aware of a single one that has returned to a public exchange.
http://www.extraordinaryinvestor.com/grey-sheets.html
Trump Jr. used to work for the former incarnation of DRNE when it was a patent troll called Macrosolve. Then DRNE brought Mike Flynn on as their Vice Chairman.
Libertarian candidates McAfee and Gary Johnson have also had their stints in pennyland.
Its no wonder why these scams are seldom prosecuted.
DRNE was paying Flynn $3K month along with some shares while Turkey paid him around $500K for three months of lobbying.
"Good work. . .if you can get it."
-Bodeans
Barry Honig is sueing MGT Capital and Teri Buhl claiming CEO Robert Ladd conspired with Buhl to write negative articles about Honig and his cohorts.
Honig v. LADD et al
1:17-cv-00184
Filed Mar 03, 2017
http://www.teribuhl.com/
Barry Honig is sueing MGT Capital and Teri Buhl claiming CEO Robert Ladd conspired with Buhl to write negative articles about Honig and his cohorts.
Honig v. LADD et al
1:17-cv-00184
Filed Mar 03, 2017
I bought some when it was ADGI and more when Vern was playing with their first aerostat. I bailed when the Huff team showed they didn't have the technical know-how to pull off a webcast of a shareholder meeting. I've followed it since and have learned a few things about the OTC and fraud along the way.
These days I hold a few chip manufacturing stocks but mostly stick to index and mutual funds.
Thanks for the good words.
Consult a tax expert to find the best way to write off your loss. Contact your brokerage firm to see how they handle worthless stocks. If you hold physical certs. . .help the environment by recycling.
Any and all shares of WSGI are, in effect, delisted and worthless. The SEC can only suspend trading for 10 days, but following any suspension, a Company has to become current in their financials and have a market maker file a fresh 211 which then has to be approved by FINRA for the shares to again become listed for trading.
WSGI quit filing their required financials back in 2014. WSGI received their delinquency letter on May 23, 2016 and "failed to cure their delinquencies." Trading was suspended by the SEC on March 3, 2017 and the suspension order remains in effect until March 16, 2017. WSGI exists only as a voided Delaware Corporation listing with no Company operations.
Of the hundreds of OTC tickers that have been booted under the SEC's Shell Expel initiative, I am not aware of any that have cured their deficiencies to again relist and become traded.
It will never, "come back to life with a respectable share price."
Can't say it was unexpected. . .
"The Company has become an inactive, dead, shell ticker that will be culled and delisted in a little over a year."
-Jan 2016
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119710347
"Research dormant shells and zombie tickers. The SEC has finally started culling them from the OTC through "Operation Shell-Expel" but the time-frame is currently running around two years after companies stop filing."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119737147
"It will sit as a shell until the SEC revokes the ticker as part of their "Operation Shell-Expel" initiative. . ."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120119794
If they fail to address their financial reporting status, the SEC will eventually deregister all shares in one of their recently stepped of efforts of OTC sweeps.
-April 2015
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113213685
"Operation Shell Expel" strikes again. Drain that swamp. Thanks Renee.
http://www.brokeandbroker.com/2697/operation-shell-expel-reverse-merger/
This Coastie had to move to the middle of the desert. As a retired sailor with a "girl in every port," it was the only place where I could find peace.
Here's how Estrella referred to them:
"The consultants WSGI will be receiving advice and guidance from are a group of experts and investors with a proven track record in restructuring and recapitalizing companies in the small- and mid-cap space. We are honored and excited to begin working with our new investors and advisors and look forward to transitioning the results of our soon to be growing business and the improvements in our balance sheet into a reflection in our share price.
Finally, the shares of DAC received by the Company as purchase price in the sale of LTAS are also now a significant asset of the Company and could become more valuable based on the value of the DAC common stock going forward, which will be partly a result of the success of our LTAS business acquired by DAC."
http://www.marketwired.com/press-release/world-surveillance-group-inc-letter-to-shareholders-pinksheets-wsgi-1908290.htm
If anyone remembers those "angel investors," they are under investigation by the SEC:
"According to insiders who saw the SEC subpoena, a large portion of the regulator’s questions are about Honig, his company GRQ Consultants, and people who invest with him. I can also confirm Honig has been calling SEC enforcement defense lawyers this week looking for representation. I first reported on Honig’s alleged illegal actions in my “Attorney Gregg Jaclin blew up his life and got busted for creating a shell factory scheme” story this Spring. The central theme of alleged bad behavior is Barry uses other people to run a company he is secretly controlling and indirectly pays stock pumpers to tout the company without disclosure."
http://www.teribuhl.com/2017/02/09/here-it-is-that-mgt-capital-sec-subpoena/
The actual subpoena can be viewed here.
http://www.teribuhl.com/2016/09/23/investor-barry-honig-target-of-sec-mgt-capital-subpoena/
A lot of the insiders involved with TRKK are being investigated by the SEC for their participation in another of their questionable penny plays:
"According to insiders who saw the SEC subpoena, a large portion of the regulator’s questions are about Honig, his company GRQ Consultants, and people who invest with him. I can also confirm Honig has been calling SEC enforcement defense lawyers this week looking for representation. I first reported on Honig’s alleged illegal actions in my “Attorney Gregg Jaclin blew up his life and got busted for creating a shell factory scheme” story this Spring. The central theme of alleged bad behavior is Barry uses other people to run a company he is secretly controlling and indirectly pays stock pumpers to tout the company without disclosure."
http://www.teribuhl.com/2017/02/09/here-it-is-that-mgt-capital-sec-subpoena/
The actual subpoena can be viewed here.
http://www.teribuhl.com/2016/09/23/investor-barry-honig-target-of-sec-mgt-capital-subpoena/
A lot of the insiders involved with DRNE are being investigated by the SEC for their participation in another of their questionable penny plays:
"According to insiders who saw the SEC subpoena, a large portion of the regulator’s questions are about Honig, his company GRQ Consultants, and people who invest with him. I can also confirm Honig has been calling SEC enforcement defense lawyers this week looking for representation. I first reported on Honig’s alleged illegal actions in my “Attorney Gregg Jaclin blew up his life and got busted for creating a shell factory scheme” story this Spring. The central theme of alleged bad behavior is Barry uses other people to run a company he is secretly controlling and indirectly pays stock pumpers to tout the company without disclosure."
http://www.teribuhl.com/2017/02/09/here-it-is-that-mgt-capital-sec-subpoena/
The actual subpoena can be viewed here.
http://www.teribuhl.com/2016/09/23/investor-barry-honig-target-of-sec-mgt-capital-subpoena/
If, by chance, you mean 10Q, the next one won't be out until May. Reports of the last quarter will be submitted in their 10K due in March. It shouldn't take much to be the "best ever" as they spent roughly $4 million to sell $150K of product during their last reported quarter.
I can't wait until people start using their intracranial voice on politics again and start acting like adults.
That TA is also involved in several of the Honig/Brauser dilution schemes.
"A check in SEC filings shows that Kesner has been a control person at a stock transfer company named Equity Stock Transfer. His wife, Renee, is listed as the owner since April 1st 2014, according the company’s Form TA-1. (see updated response from Kesner’s attorney) Harvey is listed on the SEC form as providing working capital to the company from time to time and is listed as having control over management through ” CMBS Document Solutions LLC, Harvey Kesner, Manager; Paradox Capital Partners LLC, Harvey Kesner, Manager”. A partner in a law firm that has done transaction investing in microcap companies, who also had influence over management of a stock transfer company, which has done business with companies his big client, Barry Honig, invested in could be considered a conflict of interest."
http://www.teribuhl.com/2016/11/08/california-doj-investigating-honig-and-the-frost-group/
Besides having control of the TA, you might run across the name Kesner quite a few times in TRKK filings. I believe Harvey was involved in setting up the share structure of the Company with Honig and Brauser. His brother Glenn has also fulfilled many roles with TRKK:
"On January 21, 2014, the Company entered into a consulting agreement with Mr. Glenn Kesner pursuant to which Mr. Kesner agreed to provide administrative and management services to the Company for compensation of $7,500 per month and reimbursement for the cost of group family health insurance. Mr. Kesner is the President of Auracana LLC, at the time a majority shareholder of the Company. Mr. Kesner was also appointed as Secretary of the Company on January 21, 2014. On October 15, 2014, Mr. Kesner resigned as the Secretary of the Company. The Company entered into a separation agreement with Mr. Kesner pursuant to which, in exchange for a release of all claims against the Company, Mr. Kesner received a one-time severance payment of $5,000.
On January 21, 2014, the Company entered into a securities purchase agreement with Auracana LLC, which was a majority stockholder of the Company at that time and an entity owned by Glenn Kesner, pursuant to which it sold to Auracana LLC its inactive wholly owned subsidiaries H-Hybrid Technologies, Inc., a Florida corporation and RZ Acquisition Corp., a New York corporation. The Company sold the subsidiaries to Auracana LLC for a purchase price of $1.00. At the time of the sale, the inactive subsidiaries had no assets and liabilities."
https://www.sec.gov/Archives/edgar/data/1058307/000149315217000770/forms-1.htm
At least they are honest about it. . .
"Conversion of our outstanding preferred stock may dilute the ownership interest of existing stockholders or may otherwise depress the price of our common stock."
"You will experience immediate and substantial dilution."
"You will experience future dilution as a result of future equity offerings"
https://www.sec.gov/Archives/edgar/data/1058307/000149315217000770/forms-1.htm