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This is either the second or third time PATRICK JENSEN and his wife went thru a bankruptcy. Seems like a once-a-decade planned activity.
Do nott feel sorry for PJ. Sure he's mentally ill. Sure he is addled by drugs. Of course he routinely violates the law.
Butt underneath it all he is a greedy, narcissistic, manipulative badd seed. He is your standard lifetime grifter and pennyscammer, just CONcealed under a veneer of insanity.
Oh, and he lies a a lott also - as a kicker.
So now you stoop to plagiarizing?❓️❓️
Can't bleed blood out of a turnip. He and his wife are still in chapter 7 proceedings. I have a feeling that will be it. Maybe is was too crazy for the SEC / FINRA to even bother..... I kind of get that...lol.
So now you stoop to plagiarizing? Get help…
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175111942
You may be having a reasonable reaction to a never-ending barrage of bad news which you can do very little about.
Paulie's Pixel Palace
Yes. He obviously needed help.
Yes...at first...then I just didn't comment anymore. I forget his handle......but didn't think it was appropriate to engage with him due to his illness. I felt bad for the guy in many ways.
He's insane. The SEC isn't really prepared to deal with that.
Sheesh, didn't you get a ton of PMs from him, like many of the rest of us?
And here we go again. jesus....
The fn' 8-kr's ..lol. Exactly on point. 1manband is definitely correct that they (sec et al) has stepped up their game. The stupid part is the first 10q circa 2012:
Nope. He started abusing the system in August of 2012. His latest was August of 2024. His game started:
Then was somehow able to wait five full years and start filing insane financials and relentless 8-k's.
All along with zero uploads to the OTC Link. This was the original Form 15 circa 2007:
https://www.otcmarkets.com/filing/html?id=5102711&guid=G2L-kWrdbxRXB3h
And somehow...this was accepted almost 6 years later:
https://www.otcmarkets.com/filing/html?id=9021774&guid=G2L-kWrdbxRXB3h
And he is still filing...just not as the Company. He filed three times this year. They didn't do their job(parties there of) ..and they are still not doing their job. I do agree...they are doing better at it than previous.
From the text of his responses in the multiple 8-K's, you can see the SEC was in regular contact with him and clearly told him to stop. He pushed back, but to no avail.
The Company was not a registrant, but yet was filing a form restricted to registrants and, most importantly, claimed the company was a registrant. That is what was getting him in potential trouble. The company stopped filing fairly quickly.
He is now throwing up crap as a personal filer. The rules regarding insider filings are less cut and dried, so he is allowed to continue filing Form 4s.
The SEC never charged PATRICK JENSEN with anything. And he is still posting his insanity on EDGAR (as recently as 5 weeks ago):
https://www.sec.gov/Archives/edgar/data/1041588/000155736124000007/0001557361-24-000007-index.htm
https://www.sec.gov/Archives/edgar/data/1041588/000155736124000005/0001557361-24-000005-index.htm
https://www.sec.gov/Archives/edgar/data/1041588/000155736124000004/0001557361-24-000004-index.htm
"Explanation of Responses:
1. ***My last certificate is dated October 2, 2018 and this certificate is signed by Patrick J Jensen, as Secretary and President of the Company.
2. ***I am filing a FORM 144 soon. I filed for a Chapter 7 liquidation yesterday, on April 7th, 2024. The Federal Judge and the Trustee of my petition will be responsible for liquidating this asset of mine. Any proceeds will be offset to pay for my debts dischargeable under the SW District of Michigan Bankruptcy Court. I have opened an investment account where the Federal Judge will also instruct the Transfer Agent (Amy Merrill at Standard Transfer Company, 440 East 400 South, Suite 200, Salt Lake City, Utah 84111 Phone (801)571-8844. This petition was filed yesterday at the below link: www.miwb.uscourts.gov/electronic-self-representation-esr-0
3. ***The number of shares represented in certificate form equals 16,128,500, and there are also 182,500 shares issued under my wife's name. The total amount of shares held in book entry at the transfer agent is unclear. According to my records, the total amount of book entry shares equals 10,100,000. I dispute this amount, as there is a piece of paper that is blank on one side, and a Medallion Guarantee stamped by Huntington National Bank at 616-846-4566. I contend this 10,000,000 stock issuance to be invalid and processed in error. The Federal Judge presiding over my petition for a Chapter 7 liquidation will rule and ORDER the transfer agent to verify the total amount of shares in book entry. These BOOK ENTRY shares will then be transferred to the brokerage account opened in my name , solely for the purpose of ACCRs liquidation. For now, I am only going to file a FORM 144 in the amount of 16,128,500 plus a separate FORM 144 for the shares in my wife's name.
Remarks:
I intend to liquidate these shares, with the Bankruptcy Court's approval, and with the assistance of the Chapter 7 Trustee.
--------------------------
Explanation of Responses:
1. The Trustee in my personal bankruptcy case, ruled my stake in ACCR to be worthless, and therefore will NOT be pursuing liquidation for any of my shares held in my name. The Trustee closed the "Meeting 341" on July 15th, 2024. My case is expected to be discharged on August 15th, 2024. I filed a FORM 144 in April of 2024 to UNRESTRICT my entire stake, and therefore with a change in these events...I will NOT be liquidating my founding stake in ACCR.
Remarks:
The amount beneficially owned at the TA is unknown. It's between 1,100,000 and 10,100,000. I am NO LONGER a 5% owner of this Company.
And then:
SEC Charges Advisory Firm Macquarie Investment Management Business Trust with Fraud
Firm to pay nearly $80 million in connection with overvaluing assets and engaging in unlawful cross trades
https://www.sec.gov/newsroom/press-releases/2024-140
New today:
SEC Charges Advisory Firm Inspire Investing With Misleading Investors Regarding its Investment Strategy
The Securities and Exchange Commission today charged Idaho-based investment adviser Inspire Investing LLC with making misleading statements and for compliance failures related to the execution of its “biblically responsible investing” strategy.
According to the SEC’s order, Inspire Investing represented that it used a data-driven methodology to evaluate companies and that it would not invest in companies that had “any degree of participation” in certain enumerated business practices that Inspire determined did not align with biblical values. However, the SEC’s order finds, from at least 2019 to March 2024, Inspire Investing in fact relied on a manual research process and did not typically perform research on individual companies to evaluate them for eligibility under its investing criteria. According to the SEC’s order, Inspire Investing also lacked written policies and procedures setting forth a process for evaluating companies’ activities as part of its investment process, which at times resulted in inconsistent application of its investment criteria. As a result, Inspire Investing invested in companies engaged in activities that did not align with Inspire Investing’s own stated criteria and in which the advisory firm represented that it would not invest...
https://www.sec.gov/newsroom/press-releases/2024-139
The SEC Order:
https://www.sec.gov/files/litigation/admin/2024/ia-6710.pdf
Yes, he's completely nuts. He did file a Form 10 in 2020, and it is, as these things go, absolutely insane:
https://www.sec.gov/Archives/edgar/data/1041588/000104158820000060/accr.txt
It was filed on 8 December; on the 21st, he filed to withdraw it, saying, "We are working to bring our common shares current reporting with OTC Markets."
https://www.sec.gov/Archives/edgar/data/1041588/000104158820000069/accrrw.txt
He then filed a crazy 10-K, a bunch of 8-Ks, and a Form 4 that he amended many times.
Clearly he was mentally ill. But yes, some other issuers have filed 8-Ks without being SEC registrants. They seem to have thought they could use EDGAR as a free advertising service. Though hiring an Edgarizer isn't free.
Actually, he didn't.
He did file an SEC registration statement, but then withdrew it because it was bogus, so he did have the right to file at one time. But, he stopped filing in 2021. IIRC, the SEC threatened to charge him with fraud because he had not refiled a new registration statement, and therefore was not a registrant as his filings claimed. I think they may have even yanked his EDGAR codes. This was discussed in detail back then.
That is exactly what I mean by "eventually" and proves my point. Sjnce then, the SEC has taken a much tougher approach to EDGAR access, and has proposed even stricter restrictions on access to try to prevent this kind of fraudulent BS.
ummmm:
https://www.otcmarkets.com/filing/html?id=14594548&guid=jsL-kaxCCoGaJth
https://www.otcmarkets.com/filing/html?id=14795117&guid=jsL-kaxCCoGaJth
You don't remember him?
https://www.otcmarkets.com/filing/html?id=17438361&guid=jsL-kaxCCoGaJth
https://www.otcmarkets.com/stock/ACCR/disclosure
Craziest son of a bitch ever.........
Not registered with the SEC and kept filing away.
As always, I appreciate your input, Thanks. eom.
Thanks. It seems RONN completed a Reg A placement early last year. The stock has been in decline ever since. So now it plans to become an SEC registrant, and raise money at the same time, by doing an S-1 offering.
In reply to your question, yes, that it what it needs to do if it wants to become an SEC registrant once again.
Here's a little factoid you may or may not be aware of...the largest producer of pork in the United States - Smithfield - was purchased by WH group in 2013 for $4.7 billion dollars. I think they're in the process of spinning it off but havent followed it that closely since I sold the stock some years back. Obviously, a BIG CAP (by market cap) but it trades as a penny stock (by price). Ticker = WHGRF. Last trade .735 cents.
Added to my position in Mifflinburg Bancorp, Inc. [MIFF] this morning. Great little bank trading at ~ 30% discount to book value and a dividend yield of 6.5% at current price.
UBFO still yielding nearly 6%
You probably know this already.
The problem is in the terminology. “Filing” is very different from “Uploading.”
They simply upload the documents. They are not really “filing” anything.
I’m on “the spectrum” and taxonomy drives me, and often those I converse with, crazy.
Example(not really taxonomic):
Person: Are the balloons red or blue?
Me: Yes.
Reality: The balloons are all blue.
So what? Just because there is a link available on the SEC's website doesn't mean anyone can use it. It isn't legal unless they are registered. Companies just can't do whatever they want. There are laws.
And if they break them, there are consequences. Eventually, when it comes to the SEC.
I venture that almost all of the frequent posters on DD Fraud board (i.e., here) hold the opinion that buying penny stocks is a stupid move.
However, this needs to be kept in perspective. There are even worse decisions than buying pennystocks; to wit:
https://www.msn.com/en-us/news/world/the-24-worst-decisions-in-the-history-of-human-kind/ss-BB1i7oTM?cvid=18b2a991390648e3815633b9d8add41b&ei=5#image=1
They still did it. And they still do it. Start here .. https://www.sec.gov/submit-filings
Didn't our replies make that obvious to you?
If we're going to discuss a company's plans, doesn't it make sense to you to know what that company is?
Because the OTC is a desert with fraud currently. Dry as fuck. Just simply put....everyone wants some "shit show" to talk about...lol..lol.
It's that simple :)
So...why did you all need to know the company to answer the original question.....seems odd..??
Yep...the Form 10 is what I refer to as a short term stall. Maybe "short term" is inappropriate :)
Form 10's are definitely warranted pre-acquisition. Actually a given..lol. My brain is pretty fried currently.... sorry
Both can be used as initial registration statements. A Form 10 registers a class of stock; an S-1 registers an offering.
Form 10 is just prelude to an S-1/similar though.
Only if the company wants to follow the Form 10 with an offering. It makes more sense to file an S-1, to do an offering, and then an 8-A to register a class of stock. The 8-A is simple and uncomplicated.
Any Company can file with the SEC(presentation purpose). To be registered at their current state, they would have to file a Form 10...or S-1/similar. Form 10 is just prelude to an S-1/similar though.
What does this even mean?
Congratulations to Ronn Inc. on the successful completion of the comprehensive PCAOB financial audit..
That they've had their financial audited by a firm registered with the PCAOB? Why not disclose its name?
By integrating the financials into the soon S-1 filing...
So it's a "soon S-1".
That is just pathetic. And the Corp Fin will still have to deal with that S-1, assuming RONN ever files it. I wonder how many amendments there'll be.
It’s just another fluffy pump by that company:
https://www.otcmarkets.com/stock/RONN/news/Ronn-Inc-Announces-Completion-of-the-latest-PCAOB-Audits?id=447909
As I said, they aren’t doing anything real with $27K in the bank, nothing spent on R&D claiming to be in an industry that takes billions to develop anything. But they have to service those convertible notes:
https://www.otcmarkets.com/otcapi/company/financial-report/409739/content
My Son just got out of his interview with two agents. Looks like it will be more local(for now). More heads are going to roll though(via cover up)...and apparently my Son will have to talk to a Grand Jury(no testifying) . He also has a lawsuit in his back pocket from this.
I'll tell you privately on Friday. The Agents said that after the interview...they could drive to Philly tomorrow...file charges..and get a cheese steak.
The cat in question bolted and is hiding out in Philly currently. The good news is that it will not be a large scope and more centralized. bad guy(plural) going down though :)
I am so fucking proud of my Son!
Politicians are the biggest shit bags on the face of the Earth....Fuck em' all. I know not all are....but I despise the bastards.
RONN, I've done several searches to verify their claim of having to file an S-1, couldn't find any definitive answers not even Investopedia, guess we still have a waiting period to complete. Thanks again.
As much as certain posters go out of their way to try to be nice to you and attempt a civil discussion, you always, in the end, wear everyone’s patience thin and just continue to be a dickhead so cut the crap and start acting civil…
You wonder why no one responds to you anymore? Keep repeating to yourself what I wrote…
I realize I won't get it from you.
The S-1 that Cableguy referenced, but that RONN has not filed. It has done a Reg A offering. It was qualified in January 2023. It terminated the required filings associated with the offering in April 2023:
https://www.sec.gov/Archives/edgar/data/58411/000139390523000189/xsl1-Z_X01/primary_doc.xml
So what S-1 is he talking about??
And why are YOU talking about all this, since you evidently haven't even paid a visit to Edgar?
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0000058411&owner=exclude
Ask a question....LOL...That's about all you'll get here LMFAO
I wondered if it was that one. But I thought from what he said that it--Lee Pharmaceuticals, not RONN--was an SEC filer not so long ago. But it hasn't been one since 2005, when it filed a Form 15. And now it's doing, or has done, a Reg A offering.
So what S-1 is Cableguy talking about?
Whew...a little drama there ...but so sorry I don't do recipes
It’s RONN….
A company with $26k in the bank that claims to be making hydrogen cars and hydrogen infrastructure but hasn’t spent a plug nickel on R&D. The only product they make is fluff PR’s.
Of course we'd have to know what the ticker is. Sheesh. One size does not fit all.
Pink current has nothing to do with the SEC. OTCMarkets is not a regulator. They are a stock promotions company. Their alternative disclosure (which are NOT filings, BTW) mean nothing to the SEC.
If that company has never been registered with the SEC, then the S-1, or another registration statement, would certainly be required to complete the initial registration process with the SEC.
If the company was once an SEC registrant, then the S-1 could legitimately be used for a public offering and resumption of SEC reporting requirements.
What is the ticker?
Yes, that's true.
Food safety is very very hard. a lot of intangibles. Construction safety a bit more tangible can be measured better. YOu cannot see bacteria. YOu can see a trip hazard
DD Support Board and Fraud Research Forum
This forum is a place for ALL to share and build research and due diligence.
This is not a forum for recommending stocks to buy or sell. It is for information sharing only.
Please do not use this forum to promote stocks.
Feel free to build on the research already done by others or to present fresh new research.
Please start all informational posts with the ticker symbol of the stock.
Important links:
Another place to read some of nodummy's research:
http://promotionstocksecrets.com/
Great Forum for Litigation and Court Docket updates not posted on this board:
www.investorshub.advfn.com/boards/board.aspx
SEC trading suspensions:
http://www.sec.gov/litigation/suspensions.shtml
SEC press releases:
http://www.sec.gov/news/press.shtml
SEC administration proceedings:
http://www.sec.gov/litigation/admin.shtml
SEC litigation releases:
http://www.sec.gov/litigation/litreleases.shtml
Most recent SEC flings:
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=&owner=exclude&count=40&action=getcurrent
Great Website for basic information about the laws surrounding penny stocks
http://www.securitieslawyer101.com
Stock Dilution Scam:
A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive amount of shares into the market for no reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders. Then, after share prices are at or near the minimum price a stock can trade and the share float has increased to an unsustainable level, those fraudulent companies tend to reverse split and continue repeating the same scheme.
Pump and Dump Schemes:
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.
http://www.sec.gov/answers/pumpdump.htm
The key is understanding
The key is understanding that pink sheet stocks are not investments - 99% of them will lose value over the long run and never accomplish most of their forward looking pumping statements they put in press releases or on their websites. Never believe the hype - always be skeptical of everything you hear.
The people mostly making money with pink sheet stocks are promoters, front loading pumpers with big followings they can dump on, crooks, some of the flippers, and sometimes the very lucky.
Pumpers only tell you to buy stocks that they already own. Pumpers only tell you to hold stocks because they want to make sure you hold longer than them.
They make money by pumping the stock and getting other people to buy then dumping their shares on the followers.
If you really want to take the risk of trying to make money trading pink sheet companies then you have to understand how the game works and never ever hold long term - take profits when you can. Pump and Dumps dominate the IHUB forums.
Trading pink sheet stocks is a sick game full of lies and deceit where people take advantage of the inexperienced and naive stealing away their life savings for their own personal gains.
Very little respect or morals exist in stinky pinky land.
The Consequences of an SEC Suspension:
Complete list of SEC suspended stocks and SEC Admin. Law Judge registration revocations from January 1st, 2010 to May 9,2020:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155531213
More information on Suspended Stocks
http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/
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