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Always remember, the wider the smile of a Greek, the sharper the blade behind their back
Sad that the culture that brought so much to mankind has been reduced to _______________
imho
"Avoid Greek shippers." Or (any) shippers. I rigidly adhere to about 15 rules like that. Both my kids have a copy of my investing rules.
The overarching idea: Buy Quality and Diversify.
I personally would always avoid Greek shippers.
DRYS. Forgot that bowser. Lord! DRYS and those big failing Irish banks. In my case, I only buy jumbo American blue chips.
"Buy quality and diversify."
Yep... DRYS did even more splits. I think eight of them in less than a year. That was, of course, before Nasdaq adopted these (fairly) new rules.
MULN did THREE reverse splits in 2023:
1:25 on 4 May
1:9 on 11 August
1:100 on 21 December
And then one this year:
1:100 on 17 September
https://companiesmarketcap.com/mullen-automotive/stock-splits/
Through these schemes, the SEC's complaint alleges,
I thought Harvard played in the IVY League and not the SEC.
Let me know when the news breaks. I once had a junk email but lost track of it.
He was married to Jamie-Lynn Sigler who played Meadow on The Sopranos.
That's what a 1:100 reverse split will do.
$6,000 52 week high now $6
Many times yes...and the rules of practice had to be amended almost a decade ago given the off balance weighted in favor of the SEC. Further...and exactly to my point is the October suit:
https://www.sec.gov/files/litigation/litreleases/2023/application25880.pdf
Depositions are conduction in just about every civil case brought. By the SEC or another plaintiff.
It's part of the discovery process which means they don't have enough information. The only attempt here is to trap him with his testimony. I am fully aware of the process...and fully understand that this is supposed to expose any possible surprises pre trial et al.. It's my opinion that they clearly do not enough information and need a closer.
They need to use the testimony against him if possible. Which is fine....
Just my opinion.
On Tuesday 17 September, Mullen Automotive (MULN) did a 1:100 reverse split. Last year, the company did three reverse splits, the last at the end of December. Needless to say, shareholders were unhappy. Since the split, the stock price has dropped like a rock.
And then after 5 p.m., MULN filed an 8-K:
On September 16, 2024, Mullen Automotive Inc. (the “Company”) received formal notice from the Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that, based upon the closing bid price for the Company’s common stock, par value $0.001 per share (the “Common Stock”), for the previous 30-consecutive business day period, the Company no longer satisfied the minimum bid price requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”).
The Staff further indicated that, based upon the Company’s implementation of one or more reverse stock splits within the past two years at a cumulative ratio of 250 shares or more to one in contravention of Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company’s securities were subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company plans to timely request a hearing before the Panel, which request will stay any further suspension or delisting action by Nasdaq at least pending the ultimate conclusion of the hearing process.
As previously announced and described in Item 5.03 below, effective with the open of the market on September 17, 2024, the Company implemented a reverse stock split at a ratio of 1-for-100 shares (the “Reverse Stock Split”), which resulted in a closing bid price of at least $1.00 per share for the four consecutive business day period ended September 20, 2024. In order to evidence full compliance with the Bid Price Rule, the Company must evidence a closing bid price of at least $1.00 per share for a minimum of 10, but generally not more than 20, consecutive business days. If and when applicable, the Company will request the Staff’s issuance of a compliance determination and cancelation of the Panel hearing. There can be no assurance that the Staff will accede to the Company’s request or, in the event a hearing is required, that the Panel will grant the Company’s request for continued listing on Nasdaq.
https://www.sec.gov/Archives/edgar/data/1499961/000182912624006389/mullenautomotive_8k.htm
Emphasis mine.
MULN opened at $11.8501 on the 17th. On Friday the 20th, it closed at $6.649. I certainly wouldn't put money on the bid price remaining above $1 for 20 days post split. Maybe it can't even stay there for 10.
And in the meanwhile, once the company had filed that 8-K, it filed an S-8 to register stock that had been gifted to Michery for "milestones" he'd achieved.
Nope. Doesn't mean they don't have enough evidence. It means he refused to turn up for his deposition, as he's done before.
That's interesting. A.J. DiScala is also slimy, and has insisted ever since he was charged that he's some sort of victim. He has Hollywood good looks, and attracted some support...
"Completion of the Transaction resulted in the sale of substantially all of the Company’s assets, and the proceeds thereof will be used entirely to satisfy a portion of the claims of the Company’s secured creditors net of transaction costs. The Company no longer has an operating business or any material assets, and the foregoing sale sale does not involve a Deed of Company Arrangement being proposed to creditors.
The Administrator has advised the Receivers that it is presently the Administrator’s intention to hold the second meeting of creditors in the Voluntary Administration on or around September 27, 2024. On the basis that a Deed of Company Arrangement is not expected to be proposed and that the Company and its three Australian subsidiaries in Voluntary Administration remain insolvent, the Administrator considers it is likely that resolutions will be passed for the winding up of the Company and its three Australian subsidiaries at that meeting.
Your company will be liquidated and will be "wound up" - meaning it will be dissolved. Tritium DCFC Ltd. will no longer exist and the shares are entirely worthless. All proceeds of the sale go to pay creditors. Common stock gets nothing and will be cancelled as part of the wind down dissolution of the corporation.
Congratulations on the total loss of your investment in the common stock of DCFCQ !
das Ende
So they don't have enough evidence. Third time is a charm.
🇺🇸 I present this calendar as a Public Service:
https://www.justsecurity.org/88039/trumps-legal-and-political-calendar-all-the-dates-you-need-to-know/
Paulie's Pixel Palace
DCFCQ Form 6-K Business Sale Agreement
09/20/2024
https://www.otcmarkets.com/filing/html?id=17848654&guid=X4L-kp38d5wqJth
https://www.otcmarkets.com/stock/DCFCQ/disclosure
One of the "et als" in that case went to high school with a good friend of mine. We've been following the case somewhat since it was first filed.
My friend said the co-defendant was a slimeball 40+ years ago and he wasn't surprised that the dude got involved in penny stock scamming.
Some people learn how to steal from an early age.
That is undoubtedly true.
SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions
https://www.cnbc.com/2024/09/20/sec-says-musk-should-be-sanctioned-if-he-keeps-dodging-twitter-depositions.html
lol...hold up. There are plenty out there. Never invest with family or friends.
There ya go!! You were expecting scholar-athletes?
NO...not going into a football Weekend! ....:
Nicholas A. Palazzo, 4TA Sports, Inc., NP Ventures Holdings, LLC and Play Caller Sports Gaming LLC
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26117 / September 20, 2024
Securities and Exchange Commission v. Nicholas A. Palazzo, 4TA Sports, Inc., NP Ventures Holdings, LLC and Play Caller Sports Gaming LLC, No. 5:24-cv-6602 (N.D. Cal. filed September 20, 2024)
SEC Charges Former Harvard Football Player and his Companies with Orchestrating Two Fraudulent Schemes
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26117
The Complaint:
https://www.sec.gov/files/litigation/complaints/2024/comp26117.pdf
Ahhhh, so the finally got its judgment against A.J. DiScala:
DiScala et al.,
SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26115 / September 20, 2024
Securities and Exchange Commission v. DiScala et al., No. 1:14-cv-04346 (E.D.N.Y. filed July 17, 2014; amended Jan. 19, 2016).
SEC Obtains Final Judgment Against Eighth Defendant in CodeSmart Fraud
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26115
The judgment:
https://www.sec.gov/files/litigation/litreleases/2024/judg26115.pdf
Noooo. He needs a TOTALLY fresh start. Doing something unrelated to finance.
Yes. Everyone did. What I never understood was why his wife was evidently incapable of seeing to it he got help.
But I guess he wouldn't listen to anyone.
That's about the time I ate my last sandwich. Obviously I'm despondent.
lol, you should be out of the woods soon...
Exactly. Embezzlement would be a blessing if that were the case. It's unfortunately worse.
I forgot to tell you the deal @ happy hour(private)...dozed off after eating..lol. He was the Administrative Coordinator and Township Treasurer for Butler Township(May 2019 - Sep 2021). He was/is a witness and interviewed with the detectives. This was one of them ... https://www.linkedin.com/in/stephen-adametz-15105234
He'll be making a statement to the Grand Jury. There is much to the story and it is not good...very, very bad. If you have a junk email or similar..send it to me privately..and I'll fill you in as promised. I can not discuss this publicly yet. Just a warning..what I tell you is going to piss you off. Especially if you're a parent.
I am sure there are some rumors flying around...but this is being kept wrapped up tight. Like I said...no news outlets know shit about it currently. They just know there is an investigation.
I must say the intrigue surrounding this board is remarkable. Conspiracies, subterfuge, local scandals, stocks that go nameless until it's dragged out and tainted meat which affects us all. Add in that Trump will restore the OTC to it's rightful place bringing new life back to the DD board.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175072945&txt2find=trump
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175072939&txt2find=trump
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175071023&txt2find=trump
Does anyone have a good recipe or an animal video to lighten the mood? TIA.
Even I got tons of PMs from him at one time, and over a year or two.
Sheesh, didn't you get a ton of PMs from him, like many of the rest of us?
Hmmm. Not sure that is something to brag about in this day and age. lol.
You don't have to answer or you can send me a PM but does he write for the Butler Eagle? I'm good friends with some writers for our local paper and TV stations and have pointed them in the right direction in items they have been reporting.
My sub to my local paper cost me more than my sub to the WSJ by over $20 a month. My wife loves it reading it with her morning coffee and they need our support.
If you're referring to Boars Head it's not about recipes but a scandal for one of the best known companies for cold cuts.
https://en.wikipedia.org/wiki/Boar%27s_Head_Provision_Company
Boar’s Head will consequently be permanently discontinuing its liverwurst product.
https://www.lawinc.com/boars-head-listeria-lawsuit-justice-food-safety#:~:text=Boar's%20Head%20has%20deep%20pockets,its%20reputation%20and%20brand%20image.
That's about the time I ate my last sandwich. Obviously I'm despondent.
FWIW I'd be careful. Every city and town has their share of scandals and I read about those here on a daily basis in our local newspaper. Embezzlement is probably the number 1 white collar crime.
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?❓️❓️
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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