I guess the Judge disagrees with you and agrees with me. Motion DENIED!

I agree. The system broke somehow, somewhere. The initial divy would have gone through fine and CRGP would still be in existence today but for that break in the system. The broader question is was CRGP aware of the crack in the system and planned to use it to their advantage or was it simply dumb luck that they ended up with a $4 million windfall?

Congratulations shareholders! The company may no longer exist and may have been a scam but you have prevailed against Goliath and won. The plaintiff's motion is denied!

No, the issuer does not "wire" funds to the DTCC but the Transfer Agent does. When a dividend is paid the issuer sends the payment to their Transfer Agent, who then verifies the funds and then sends it on to the DTCC who then disburses it to the brokers, who then disburse it to the shareholders.

No link is necessary. That is the whole point. There is a process that is followed before the DTCC will disburse any funds. The DTCC does not front divys. It must receive payment for the divy before it will disburse any funds to the brokers who then pay the shareholder, period! Somewhere in this process due bills were attached to shares that shouldn't have been and CRGP ended up with $4 million it shouldn't have but that was after the fact.

Your logic is impossible. No divys were paid out by the DTCC until the $1.3 million was wired to them. The DTCC is not in the habit of paying divys if the funds have not been received by them for disbursement. So CRGP had to have had at least that amount on hand BEFORE any of the divi on the COR shares were even paid.

Then CRGP and its "affiliates" were paid a divy on the COR shares when they shouldn't have been, netting them $4 million AFTER the fact. You're putting the cart before the horse. Why is it so difficult to understand?

No, you are wrong. Infinity. ;)

Janice, those are all assumptions. You have no facts to back them up because no one has said anything about discovering bank accounts were closed or emptied. COR has not stated any facts about an investigation. Heck, for all we know they haven't investigated anything. They just immediately slapped CRGP with the law suit. In all likelihood you are right but that still is not a statement of fact. It is an assumption.

Then they should be going after the insiders and the people who ran the scam, not the shareholders.

You ignored most of my message. The funds sent to FINRA to pay for the divi could not have possibly been paid for by the funds that were paid to CRGP and its "affiliates" because those funds had not yet been disbursed to CRGP and its "affiliates" at the time the divi was paid.

A more likely scenario for the whole thing is that CRGP and its "affiliates" had an insider somewhere who insured due bills were attached to the shares they bought. Follow the money. Explore the links from COR's hands to the final parties who got the divi from those shares. There is either someone or a "glitch" in the system there somewhere. That is the first avenue COR should be investigating.

By COR's own admission, those shares were sold back to CRGP. Otherwise CRGP would not have gained the $4 million that COR is claiming. Those shares were not sold to retail investors. The retail investors divi was paid for BEFORE CRGP received any of the divi from the COR due bills. If CRGP bought COR shares AND paid FINRA for the divi with funds that could NOT possibly have yet included any funds from the due bills, then the divi was not paid with fraudulent funds. It was only after the fact that COR was charged for the $4 million by the DTCC. As I have been saying all along, the responsible party is the one who erroneously attached due bills to those shares. The shareholders committed no wrong and do not deserve to be punished in this way.

PR IS OUT!!

http://www.prnewswire.com/news-releases/terra-tech-reports-third-quarter-2015-results-300175081.html

Poppycock! COR has come nowhere near exhausting potential avenues for recovering their loss. Shareholders should be the last recourse. COR is not innocent in all this and is well noted for previous violations of clearing unregistered shares. It knew exactly what it was getting into when it accept these shares to clear. They should cover for such contingencies. They failed to do so. Holding COR blameless in all this at the expense of the shareholders would be a true travesty of justice and I don't think the judge will do it. We will know soon enough. You can gloat, or not, at that time.

Hard to imagine that anyone would be gleeful to see shareholders get creamed so devastatingly as to lead to something like this, but that is exactly what some sound like around here. This is what must be taken into account when one considers "more good than harm". There is a human side that must be considered, not just points of law.

TDA did not send out a claw back warning. I am a TDA client and received no such notice.

Selling at 12 or 11 is what flippers and shorters are hoping for. They would love to grab some cheap shares so they can sell into the run up tomorrow. If I had any available cash right now I would be buying all I could. Unfortunately, I already did!

No, not all shareholders were warned CRGP was a scam. Ihub is not universal. Many shareholders probably don't even know it exists. Whoever placed due bills onto the shares sold by COR should be the ones held responsible. That is where the error/glitch occurred and where it should be resolved. Taking pleasure in the possible damage that shareholders may have to endure through no fault of their own is wrong and sickening.

Don't worry. that someday is today.

Profit taking going on and flipper action. Really kind of stupid since 3rd qtr results out after closing that will rock your world.

Gonna gap up this morning!

Janice, Got your private message but cannot reply privately as I am not a paid subscriber. So here is my response:

I'm not worried about the deletions. I get posts deleted all the time, lol.

As for my reference to bashers, I was not talking about paid bashers. I was merely stating there are those whose have a vested interest in manipulating the pps of all OTC stocks through social media, since it is so easy to do. Did you see the articles about Anson Fund being sued for $300 million by Nobilis Health? There are those on these boards who have no qualms about stating their relationship with Anson and their desire to manipulate the pps of certain stocks. They are quite arrogant and cocky about it, proving there are bashers involved with pps manipulation.

Yes, I was in BCIT and still am. In fact I sued TDA and won in arbitration. Only 1 of less than handful of BCIT shareholders to successfully do so. However, TDA has now sued me in District court in an attempt to have that arbitration award overturned. Guess they weren't to happy about a mere shareholder besting them in arbitration. Should be hearing something from the judge soon.

Gap up this morning! Be prepared!

Pay heed all you fraudsters out there. The SEC is watching you.

Updated Investor Alert: Social Media and Investing -- Stock Rumors
Nov. 5, 2014

The U.S. Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (“OIEA”) is issuing this Investor Alert to warn investors about fraudsters who may attempt to manipulate share prices by using social media to spread false or misleading information about stocks.

Social media and the Internet in general have become important tools for investors. Investors may use social media to research particular stocks, look up background information on a broker-dealer or investment adviser, find guidance on investing strategies, receive up-to-date news, and discuss the markets with others.

While social media can provide many benefits for investors, it also presents opportunities for fraudsters. Through social media, fraudsters can spread false or misleading information about a stock to large numbers of people with minimum effort and at a relatively low cost. They can also conceal their true identities by acting anonymously or even impersonating credible sources of market information.

One way fraudsters may exploit social media is to engage in a market manipulation, such as spreading false and misleading information about a company to affect the stock’s share price. Wrongdoers may perpetuate stock rumors on social media, as well as on online bulletin boards and in Internet chat rooms.

The false or misleading rumors may be positive or negative. For example, in a “pump-and-dump” scheme, promoters “pump” up the stock price by spreading positive rumors that incite a buying frenzy and they quickly “dump” their own shares before the hype ends. Typically, after the promoters profit from their sales, the stock price drops and the remaining investors lose money. In other instances, fraudsters start negative rumors urging investors to sell their shares so that the stock price plummets and the fraudsters take advantage of buying shares at the artificially low price.

SEC Enforcement Action Involving Social Media and Market Manipulation

The SEC has charged individuals for committing securities fraud through the use of social media.

In a recent Enforcement action, SEC v. Craig, the SEC accused an individual of manipulating the share prices of two publicly traded companies by tweeting false and misleading information. The defendant allegedly tweeted rumors that federal law enforcement was investigating a technology company for fraud, and that a biopharmaceutical company had tainted drug trial results and a federal government agency seized its papers. The SEC asserted that these deceptive tweets were made from Twitter accounts mimicking established securities research firms. The hoaxes allegedly caused investors to lose more than $1.5 million.

In SEC v. McKeown and Ryan, the SEC obtained judgments against a Canadian couple who used their website (PennyStockChaser), Facebook, and Twitter to pump up the stock of microcap companies, and then profited by selling shares of those companies. The couple allegedly received millions of shares of these companies as compensation and sold the shares around the time that their website predicted the stock price would massively increase (a practice known as “scalping”). The SEC’s complaint alleged that the couple did not fully disclose the compensation they received for touting the stocks. The court ordered the couple and their companies to pay more than $3.7 million in disgorgement for profits gained as a result of the alleged conduct, and ordered the couple to pay $300,000 in civil penalties.

Investors should be aware that fraudsters may use social media to impersonate an established source of market information. For example, fraudsters may set up an account name, profile, or handle designed to mimic a particular company or securities research firm. They may go so far as to create a webpage that uses the company’s logo, links to the company’s actual website, or references the name of an actual person who works for the company.

When you receive investment information through social media, verify the identity of the underlying source. Look for slight variations or typos in the sender’s account name, profile, email address, screen name, or handle, or other signs that the sender may be an imposter. Determine whether information appearing to be from a particular company or securities research firm is authentic. When contacting a company or attempting to access its website, be sure to use contact information or the website address provided by the company itself, such as in the company’s SEC filings. Carefully type the website’s address into the address bar of your web browser.

Some social media operators have systems that may help you to determine whether or not a sender is genuine. For example, Twitter verifies accounts for authenticity by posting a blue verified badge (a solid blue circle containing a white checkmark) on Twitter profiles. While a verified account does not guarantee that the source is genuine, be more skeptical of information from accounts that are not verified.

Think twice about investing if you spot any of these red flags of investment fraud:

Limited history of posts. Fraudsters can set up new accounts specifically designed to carry out their scam while concealing their true identities. Be skeptical of information from social media accounts that lack a history of prior postings or sending messages.
Pressure to buy or sell RIGHT NOW. Take the time to research the stock before you invest. Be skeptical of messages urging you to buy a hot stock before you “miss out” or to sell shares of a stock you own before the price goes down after negative news is announced. Be especially wary if the promoter claims the recommendation is based on “inside” or confidential information.

Unsolicited investment information or offers. Fraudsters may look for victims on social media sites, chat rooms, and bulletin boards. Exercise extreme caution regarding information provided in new posts on your wall, tweets, direct messages, e-mails, or other communications that solicit an investment or provide information about a particular stock if you do not personally know the sender (even if the sender appears connected to someone you know).

Unlicensed sellers. Federal and state securities laws require investment professionals and their firms who offer and sell investments to be licensed or registered. Many fraudulent investment schemes involve unlicensed individuals or unregistered firms. Check license and registration status by searching the SEC’s Investment Adviser Public Disclosure (IAPD) website or the Financial Industry Regulatory Authority (FINRA)’s BrokerCheck website.

Investors who learn of investing opportunities from social media should always be on the lookout for fraud. If you are aware of possible securities fraud, including potential market manipulation, submit a tip or complaint to the SEC.

To report a problem or to ask a question, submit a complaint or question to the SEC or call the SEC’s toll-free investor assistance line at (800) 732-0330 (dial 1-202-551-6551 if calling from outside of the United States).

Additional Resources:

Investor Alert: Fraudulent Stock Promotions

Investor Alert: Investment Newsletters Used as Tools for Fraud

Investor Alert: Don’t Trade on Pump-And-Dump Stock Emails

Investor Alert: Social Media and Investing – Avoiding Fraud

Investor Alert: Social Media and Investing – Understanding Your Accounts

NASAA.org: Informed Investor Advisory: Social Networking

Receive the latest Investor Alerts and Bulletins from OIEA by email or RSS feed.

Visit Investor.gov, the SEC’s website for individual investors.

Like OIEA on Facebook at www.facebook.com/secinvestoreducation.

Follow OIEA on Twitter @SEC_Investor_Ed.

I agree with your 2nd paragraph but entirely disagrees with the first. It is NOT easy to tell the difference and those who know, do NOT always provide links.

In fact, just today, one member of this board (I can't remember the user name, sorry) posted a message that contained links to every post he made in the spring about CRGP being a scam. Not a single one contained any link and most were so short and cryptic that the average investor most probably didn't understand a word he was saying.

The OTC is a breeding ground for corruption. You know this, the SEC knows this, and most seasoned investors know this. The people who buy on the OTC either know what they are doing or are noobs who were told by a friend about this great stock that was making every rich and they need to get in on it.

They jumped on the bandwagon, having no concept about stocks, investing, or more importantly, the OTC. They are the marks, the pigeons, the victims that allow this corruption to succeed and flourish. They wouldn't know a basher from someone who really knew what they were talking about if their life depended on it.

It's easy to say they shouldn't be investing in the OTC anyway, but that's not how life works and you know it. People have hopes and dreams, most OTC investors probably have little money to begin with and are searching for a way out of their miserable financial condition when their friend lets them in on this "stock deal". That's how life works and it is all the more to the shame of the SEC for allowing the OTC to be so unregulated, creating this cesspool of corruption.

This is my last post of the day here. I hit my limit. Ha! Never thought that would happen. See you tomorrow. Sleep well.

I don't think so. No one knows who he is or if he ever existed. No one has met him face to face and rarely talked to him on the phone as the majority of any communications were via email. Whoever they were behind the scam, they are long gone.

I guess you were wrong on that one because they got away scott free with over $4 million. No disgorgement require.

And COR has to take responsibility for its poor choices. The shareholders do NOT go back to even. They have lost their total investment in CRGP AND would lose their dividend, twice over if they reinvested it and it is clawed back. I do not see how one can be so heartless and unsympathetic to the shareholders.

You are intentionally ignoring their investment in the company. It is a complete loss for those who were not able to get out, and probably a loss of the dividend as well if they reinvested. They are indeed victims and to believe otherwise is a myopic viewpoint.

You are wrong, especially as concerns international wire transfers as they take much longer (2-3 days) than a domestic wire transfer (30 minutes).

How to Reverse a Wire Transfer
Once the recipient's bank has accepted the payment order, the transfer cannot be reversed. If the originating bank sends a cancellation notice to the recipient bank, and the cancellation notice is received before the recipient bank accepts the payment order, the recipient bank will generally refuse the payment order. Should you wish to reverse the wire transfer, you'll be racing the transfer network between the banks to get the cancellation notice to the recipient bank before the payment order is accepted.

No, they should NOT lose every penny. They are victims just as much as COR is. If your logic is followed through to its logical conclusion then Noblis, COR et al should also lose every penny as they should have been in a far better position to determine the legitimacy of the dividend, the company, the mines, and of management than the average shareholder would be. They should have known that they bought a portion of a non-existent Note and converted it into shares of a non-existent company and then dumped those fraudulent shares on an unsuspecting public. Just because those issues were discussed on Ihub does not mean that every shareholder was as informed or knowledgeable as those who participate here.

oh what a tangled web we weave when EVERYONE tries to deceive. lol

It should prove embarrassing to the DTCC and about time too. The DTCC has been untouchable for far too long and not held accountable for its actions or lack thereof. That's what happens when you allow an industry to monitor and regulate itself.

Obviously it happens otherwise there wouldn't be a classification for the "special" dividend and the 25% rule. This was discussed for weeks on the board before the divi was paid. Janice herself was a large part of that discussion. So to refer to shareholders who saw an opportunity and grabbed it as morons and stupid is unfair and illogical. They do NOT deserve to be blacklisted or their credit damaged. There was nothing to indicate that the divi did not belong to them when they received it. Unless they are Etrade customers, most probably aren't even aware now that there is a problem and even then Etrade has not been forthcoming about the problem, only stating that they are doing an investigation but neglecting any specifics. Ihub is NOT shareholder central afterall. There has been no judicial decision on whether or not the divi was illegal or a fraud. All that has been proved at this point is that a mistake was made somewhere, by someone, resulting in CRGP owing COR $4 million and that simply by default.

Did Etrade respond? I can't remember if I saw something from them or not.

It doesn't matter Janice. Let me use your own words here, slightly modified. Should the Shareholders --or anyone else-- foot the bill for COR's poor choices? We ALL make bad choices sometimes. And we pay for them.

COR should have done its DD and followed through to ensure no due bills were attached to the shares they sold. For whatever reason they didn't.

COR is now wanting to recover from its bad choice and be made whole at the expense of damaging the shareholders. COR's win by default in the case simply means that CRGP is liable for the $4 million. It does not prove the divi was illegal or a fraud. It simply proves, by default, that CRGP admits they are liable for the $4 million they received in error. Ghost Carter already admitted that. This is a very tangled case, one of the worst I have seen. However, if the Judge approves the Receiver, I will be greatly surprised.

The shareholders writing to the Judge may well be dumb as a rock but their voices are now on the docket and the judge will see them whether he takes them into consideration or not. Contrary to opinions otherwise, they have not hurt their case. They have made their case.

To raise one's voice in a sea of silence is to ensure one's voice is heard.

So reverse only the dividends that were paid out for the shares sold by COR. That is all COR is entitled to, not every dividend that every shareholder received, as only those COR shares had due bills attached when they shouldn't have. Even then, CRGP was the buyer of most, if not all, of those shares so CRGP received the dividend and shouldn't have. The issue is between COR and CRGP. Leave the shareholders out of it. CRGP didn't decide who got due bills and who didn't. The DTCC did. That's not fraud. That is an error on the DTCC's part, or COR's.

How can there be a short squeeze when the stock isn't even trading and people can't even get certs for their shares because of the global lock?

COR's contention that appointing a Receiver will do more good than harm is wrong. Shareholders have already suffered great harm because their shares are now worthless or they were forced to sell at a great loss. Many, if not most, shareholders reinvested their dividend in the company so not only have they lost their original investment but their dividend as well. Forcing a clawback will inflict severe harm to shareholders because not only have they already lost their entire original investment and dividend, they would be forced take a further loss equal to the dividend, causing double damage. Most shareholders don't have the money to cover such a great loss and are already having to cope with the loss of their original investment and dividend. It would be grossly unfair for the shareholders to have to bear the burden of so much loss and COR, who should have known better to begin with, comes away scott free.

Booya! What an awesome day! I do hope we can keep the momentum going. I am now breaking even so let it ride!

Personally, I think Nobilis, Beaufort and Macallan were in collusion with the CRGP gang. How else would they have been able to purchase a percentage of Note from a non-existent company payable to a non-existent company? Surely they would have done some serious due diligence prior to concluding that transaction and realized the company was a scam. The only way a businessman, even a crooked one, would do something like that is if they failed to do their due diligence or were part of the scam.

It is my belief that the initial dividend was funded by the purchase of that Note. No one was aware of the special dividend issue at that time and Nobilis, Beaufort and Macallan were merely planning to get the price the shares sold for. However, when the special dividend issue was raised, the CRGP gang saw an opportunity to screw Nobilis, Beaufort and Macallan over and walk away with $4 million dollars. Now Nobilis, Beaufort and Macallan are trying to recover their losses and cover their tracks at the same time. Ultimately they will fall flat on their faces.

uh, you do realize that article is a hoax, do you not?