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It's perfectly legal and unfortunately so many find this out after they've been duped.
The SEC website has information on how these companies use securities to fund their operations, debts legally. Unfortunately manipulation is rampant in this realm.
This part of the statement is just so telling:
The scam artists are going to R/S this pig.
Just like they did around this time last year.
All that great and wonderful volume you saw with no upward movement in price?
The company.
They aren't the ones selling. Whoever they paid those shares to is.
From the 7/19 10Q:
Wow. Gonna repeat it again. It is the company. Bet on it.
The mere fact that they named the company by symbol instead of the company name in the Pr headline indicates this will be a scam. Watch for the merger/rs coming soon.
See what?
If you're talking about the new CEO that was the purpose for my statement "for less than a month".
The split isn't next. That has already happened. It's time for the pump-n-dump cartoons again. You're absolutely right Seeker. Shareholders are goingt to get screwed again.
Like I said before,
SCAM.
Good response Fink. I agree.
I must say the CEO of this company really gets around.
http://ih.advfn.com/p.php?pid=nmona&article=56847268
From planes to healthbars. A jack of all trades.
And for less than a month too.
Hey Seeker you about ready to join me now?
Not gonna happen.
This stock needs to be halted. Clearly it is nothing more than a ATM for its management.
It sure is.
This could explain the deafening silence of this company (present and previous).
http://www.investmentnews.com/article/20120514/FREE/120519979
Not surprising at all.
How is that post spilt value holding up?
LMAO!!!
Obviously Seeker you didn't learn from the first time you fell for this.
Let me help you. Here are some basics.
first:
http://www.sec.gov/investor/pubs/microcapstock.htm
This is the first place any investor in the pink sheet world should go to alert themselves of the potential risks of this market.
Then you should compare this information to that of the companies disclosure to see if it at all a reputable company with real potential.
Next step is to look at the history of the company, it's officers, etc.,.
Also it might be a good idea to see where the company is incorporated
Here's some basic info on Nevada corporations:
http://www.keytlaw.com/azllclaw/forming-llcs/nevada-incorporation-scam/
There is so much more out there.
Why do I call this a scam? (As well as STHG and its many other personnas under the same name). It's all in how they present themselves. Many of these companies via their PRs, emails, and promoters give a false view of the company much more hyped than the actual status. They rely on message board posters to amp the company's look to do one thing: GET MORE BUYERS. Why? They need the money. They have none to start with , but they have plenty of shares.
Think I'm still bs'ing you? Think of this then. With all the money put into STHG via yours and other investors' trades in the open market where did all the money and the assets go?
This "new" company is no different why?
From the disclosure:
Item VIII. The nature of the issuer’s business:
A. Business Development.
On September 10th 2012, 600,000 shares of Preferred Series B Stock of Stratton Holdings were issued to Paul Clewlow for the acquisition of Profitable Developments Ltd’s shares.
Key word ACQUISITION
Profitable Developments is a UK Limited Company organised under English Law.
Key word LIMITED
On September 10th 2012, Mr Clewlow was appointed as Chief Executive Officer of Stratton Holdings, Inc simultaniously with the resignation of Mr Rezek.
Key word APPOINTED
On September 12th 2012, Mr Grant was appointed as President and Chief Operating Officer.
Key word APPOINTED
Profitable Developments Limited was founded in March 2000.
On September 27th 2012, the former management resigned when it became clear that Stratton Holdings, in its current form, was unable to execute its business plan in relation to its funding of a Joint Venture with Sierra Gold Corporation and Accurate Resource Development Corporation. The Company has divested itself of all interests in the JV and is now operating under a new
Business Plan and under the direction of a new management team.
Stratton Holdings changed its name to that of Profitable Developments Limited on December 24th 2012.
Key word CHANGED (as in NOT acquired by)
Overall this is still the same company with same HIDDEN people playing the same game.
Wow there you go again:
It's a scam Seeker. The question is when people see it. Now or when their account is 10% of it's original value.
So uksausage I can see you and Seeker are going to lead the "new" pack.
I will maintain the same position I had with the previous voodoo CON-panies.
Since we are starting anew I would like to begin with the fact that the CURRENT pps is approximately 1/10 the true post-split value.
And this happened after the transition.
Also:
When discussing
the Company’s plans for 2013, he outlined the business strategy with these comments “Profitable Developments has one clear and simple aim. Yes, there will be some dilution of the stock during 2013, but our aim is to use that Capital to wholly acquire onto the balance sheet an increase in shareholder value through the smart use of funds on financially distressed properties. At the end of 2013, our aim is to have increased the Shareholder Value with a healthy balance sheet of a wholly owned, fully renovated and completely rented property portfolio”.
Pay close attention to this. They have already stated the WILL dilute. And yes it is to carry out the "business plan".
The same business plan they are supposed to be carrying out already.
It is already clear they have no money.
Red flag.
Name change and trading at a level much, much lower than the pre-split level.
These people have stolen shareholders' money. Period.
I can't wait to see the new pump crew trying to sell the "new" company.
It's still a scam.
courtesy sell.
Under what symbol did you sell? STHGD is not a registered/quoted security.
Man if you only knew the history behind that quote. Classic scam. Classic.
This is the danger of this R/S:
Oh it's calling the shares right for a deleted symbol. I've never seen a stock R/S, but delete the previous symbol prior to.
Man o man. Those who fought so hard for this CON-pany's management has been handed the royal jelly.
Now bend over.
And there goes it. The nail in the coffin.
More importantly,
Where do you see that he is listed as the CEO of this company?
NOUV up 42% on low volume
About a year's worth of lies.
Almost 4 months and no PR...at all.
Seriously subgrabber do you believe the BS you post?
I guess its safe to say all have learned a valuable lesson here.
1. Reassurances from a CEO are not DD
2. There is no loyalty in these pink sheet companies
3. The only one looking out for the individual investor is himself
4. Only verifiable evidence constitutes real DD
There's plenty more to add. Anyone want to share?
Where is your evidence that Eric was never paid?
The flipside to that was that Joeeph (as Atilla) stated publicly that he used his own money to pay Eric.
That post needs to be stickied.
Very realistic indeed.