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Right, I agree the beer guys had no idea what they were getting into here. They trusted a con artist
The crooks were managing the stock though. I don't see the brewers doing so.
The money from the series c shares are supposed to be put in an account that hedges TPAC with other stocks. The profit from that trading account or MRVB as TPAC call it. Would be TPAC profit and used as disbursement of funds for those series C shares that are being cashed in.
MRVB= Master Regenerative Virtual Broker
Yes.. TPAC benefits by reduction of Common Shares and the additional monies they are calling revenue. Banking on the ability to finally show revenue and the pps going up.
Just a guess but now that they have unlimited A/S they will just dump shares whenever a holder wants to cash in series c
They are also offering shareholders return their certificates for series C shares as well. TPAC will issue them an additional 15% in series C if they request their certs and cancel them. They must then mail the canceled certs to TPAC and then the Series C shares will be issued.
Yes but they are doing it. Several investors are complaining because they are using the emails from the stock certificates to verify accounts . Not all traders use the same email they did when they purchased the original certs so they have no access to company information.
They are basically running a ponzi scheme in my opinion. Here is how it works.
Current holders can purchase this Class C shares direct from TPAC for $1500. Non holders $2500 each. Its basically a promissory note.
Terms.
Each share has a stated value of $500 and TPAC SH must purchase a minimum of $1,500, or 3 shares. If you redeem the shares after 6 months you get your money back plus 25%. After 12 months you get your money back plus 50%. After 18 months you get double your money back.
I know... They do several things I dont understand. The latest being the disbursement of company information only to verifiable certificate holders via private web account.
Just a guess but they are a startup so inexperience and desperation probably had a lot to do with it.
Im sure they were told how great OTC is and how much potential the ticker gives them blah blah blah..
Well they already sold 100 shares at 1500 - 2500 and said they are not selling any more at this time. That was back in December 2015
Just on Twitter but honestly they dont have any clue about the ticker or trading. They are at the mercy of a private contractor who is raping them.
I ask the question on the DD board and Janice was kind enough to reply.
janice shell Member Level Thursday, 01/26/17 03:10:39 PM
Re: THall post# 117154
Post # of 117156
My question is how can a publicly traded company offer the private sale of unregistered stock? Is this legal?
Yes. Penny companies don't have many options when they need to raise money. Generally speaking, they either turn to toxic lenders, or do equity or debt offerings. Of the latter, equity offerings are more common, and what's offered is unregistered stock.
So far, so good. Presumably TPAC would be offering Series C preferred stock in a Reg D offering, probably a 506(b) or 506(c ).
But… So far, they haven't designated any Series C stock. Although their new Wyoming corporate charter authorizes a total of 5 million shares of preferred, it only designates two classes. Series A is convertible, with 20,000 shares authorized, and Series B is not convertible, and has 1,500 shares authorized. Any Series C would draw on part of the remainder of the total of 5 million shares.
However, they'll have to designate the class first. That will require an amendment to the charter in Wyoming. And then they'll have to inform the SEC that they're doing a 506 offering. Probably they'll file a Form D electronically.
Or, since they're an SEC registrant, they could do an S-1 offering, but that's a lot more trouble.
You can read the Wyoming corporate charter here:
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=217167242046055231082073130233083057229120024193
So shouldn't they file the Reg D prior to the sale of unregistered stock?
You do realize that if they do ever clean this ticker up its going to takes months maybe even years right?
Its not like they can just file a paper and everything is great again. They have several shell companies that have to be brought current. This will be a long process and most likely will never be completed. The amount of capital needed for Attorney's fees that would accumulate would bankrupt Long Beard.
Just shows how clueless the beer guys are then. He still holds GVSI debt that was ordered paid in stock.
China does not trade tonight. Friday is the start of their New Year celebration
Thats not how things work in the real world.
The ticker is already dark/defunct. With this latest SEC litigation it will be impossible to ever clean up this mess and become current again. GVSI will be suspended from trading and just fade away.
They have not paid business license or listing fees that are in default. $4700
Thats incorrect. He is the debt holder here. The debt thats court ordered be paid in the sale of common stock.
Until that debt is paid in full Long Beard can do nothing. Currently GVSI is run by a private contractor and not Long Beard
Barton is not involved here anymore anyway
Have a question for the board.
TPAC recently moved from NV to WY. Went from 4.5bb A/S to Unlimited because of various violations and unlimited A/S
The merger was dissolved today. TPACs current A/S is unlimited and they have 5,000,000 Series A/B Preferred Stock.
Tpac recently did a Private offering of what they call Series C shares. Those are private unregistered shares that TPAC is selling to investors directly for 1500 - 2500 each.
My question is how can a publicly traded company offer the private sale of unregistered stock? Is this legal?
TPACmuse
?@TPACmuse
If you didn't buy Series C Shares. In the near future you will probably wish you had. OTC not necessary CEO just Like his LS Share holders
Since 2014, the company has increased its authorized capital stock on three separate occasions: (i) on September 11, 2014 to 500 million shares; (ii) on February 23, 2015 to 750 million shares and (iii) on June 17, 2015 to 4.5 billion shares. The documentation and procedures surrounding these increases in authorized stock appear to have been irregular and not in full compliance with requisite corporate law, specifically being that in each instance, the Company failed to document whether the requisite amendments to its Articles of Amendment for each such increase were duly authorized and to file such Articles of Amendment for each such increase with the Nevada Secretary of State
Apparently not, he seems to break more securities laws than he abides by that for sure.
Sure thing. LOL Guess its raining... Just like NUGT. $5 coming...
yes sir. banked 3k flipping nickels. good luck all today. bottom feed. off to the links
Yes but securities Laws were never a concern of Bill's. He has violated and broken several and TPAC still trades.
Can you explain to me how a publicly traded company "TPAC" can sell private unregistered shares?
Since 2014, the company has increased its authorized capital stock on three separate occasions: (i) on September 11, 2014 to 500 million shares; (ii) on February 23, 2015 to 750 million shares and (iii) on June 17, 2015 to 4.5 billion shares. The documentation and procedures surrounding these increases in authorized stock appear to have been irregular and not in full compliance with requisite corporate law, specifically being that in each instance, the Company failed to document whether the requisite amendments to its Articles of Amendment for each such increase were duly authorized and to file such Articles of Amendment for each such increase with the Nevada Secretary of State
That appears to be a violation of Regulation FD that orders all publicly traded companies to disclose material information to all investors at the same time.
And why would he do that? He didnt have anything to do with this ticker. Its Barton and the contractor running GVSI.
Long Beard has never had control of GVSI because of past litigation's filed for past due debt. They just need to get out and worry about saving their own skin at this point. This could ruin any chances for them to succeed in business if they are found libel for damages.
The ceo needs to contact the sec to join the litigation and recoup money for current shareholders
Bill thinks he is above the law. I mean he is selling PRIVATE unregistered shares of TPAC a publicly traded company. How does that work?
I sent them one as well suggesting to get away from GVSI right away. They cant have a business if they are tied up in litigation's all the time.
GVSI will be going dark soon. All money here is gone and lost forever...
SEC should be notified that holders are not receiving company information and that only select few are privy to insider information.
Unlimited A/S ACTIVATED.
LET THE DUMPING COMMENCE !!!!
Well there is the answer to if this will be pumped again. GVSI is officially DONE!!!
Raymond H Barton/SEC litigation
https://www.sec.gov/news/pressrelease/2017-33.html
https://www.sec.gov/litigation/complaints/2017/comp-pr2017-33.pdf
No NUGT reached $10.60 yesterday. Its a flipper not one to hold especially with Trump just taking office. LMAO My platform comes with a sell and a buy button HAHA HA
Yes I read that $10 was as low as NUGT was going and now we trade at 9.65. Also read that $12 is coming tomorrow but here we are declining in price.
Its really a guessing game and we try to use the tools provided to make our best educated guess to where the stock will go. According to that information provided by NUGT chart has made me form the opinion that the price is not in an upward trend. Given that and the fact the largest consumer of gold will not be trading the next week. I have formed the opinion it might be wise to wait and see how the market reacts before buying NUGT. It does not appear to be rocketing up anytime soon so its a risk worth taking to see if entry can be done at a lower price.
Yes I thought he was a bad MM. Its amazing the nonsense thats spewed for personal gain . TPAC
Well that seems to be personal preference. One can take a chance and load at 9.70 or wait and see if they cant increase the share count by buying at 8.00 tomorrow. Either way its accumulation just depends on if a profit is desired or not.
Buy Low
Sell High
Two gap downs. Provided that most gaps fill, isn't it a no brainer to accumulate?
That makes sense because I know I would have to be loaded to buy into this POS scam. But seems to me I recall him to be a dilutive MM and not a Hedge.
ARXS is a loader
ARXS on the ASK. Isnt he a new dilutive MM?
No trading in China tomorrow so Im not sure about that. Might be best to wait on the sidelines and see the markets reaction to China not trading next week IMO
Be greedy when others are fearful. Tomorrow we bounce in my opinion
Thank you
Alright, I'll stop posting my targets
Nope the mass dilution used for that so called revenue will deter any new investors to TPAC.
Looks like NUGT will see $8 or lower today. $5 coming so buckle up the warning was clear as day.
True but certainly Bill has found a way to show the 109k PO paid by now dont you think? Remember he is not beyond lying on SEC filings for personal gains. He has done it several times in the past. Thats the real reason he had to move incorporation from NV to WY. He got caught. The unlimited A/S was a bonus
WOW a 600% increase in revenue would just about equal the same amount of money TPAC made with diluted shares via T-Trades since September. Coincidence? NOT!!!
I read the muse claimed there would be a 600% increase in revenue - since their last 10-Q showed ZERO revenue,