I'm Watching YOU.......
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Lawsuit already in process. You can file with lawyers if you feel Wayne hosed you over. Don't wait for the REVERSE SPLIT that could be coming soon.
The Securities and Exchange Commission recently imposed sanctions against a Florida-based certified public accountant for performing deficient and fraudulent audits and quarterly reviews for eight publicly traded companies, and issuing false and misleading audit opinions on the companies’ annual financial statements.
Terry L. Johnson, of Casselberry, Florida, agreed to settle the SEC’s fraud charges and will be suspended from practicing as an accountant on behalf of any publicly traded company or other entity regulated by the SEC.
Johnson issued audit reports with unqualified opinions on the December 31, 2012 and 2013 fiscal year-end financial statements included in the Form 10-K annual reports of six clients, including Boreal Water Collection, Inc., Monster Arts, Inc., Primco Management, Inc, Puissant Industries, Inc., UMED Holdings, Inc., and Valley High Mining Company, and for inclusion in Form S-1 registration statements of two clients, including ADM Endeavors, Inc. and Legendary Ventures Inc. (collectively the “Eight Issuers”).
Boreal Water Collection, Inc.’s stock symbol was BRWC.
Monster Arts, Inc.’ s stock symbol was APPZ.
Primco Management, Inc.’s stock symbol was PMCM.
Puissant Industries, Inc.’ s stock symbol was PSSS.
UMED Holdings, Inc.’s stock symbol was UMED.
While conducting its investigation, the SEC discovered that following his release from prison, convicted felon and former certified public accountant Stephen P. Corso served as the chief financial officer of several publicly-traded companies, including Primco Management, Inc., one of Johnson’s audit clients. Corso signed Primco’s annual and quarterly financial reports and certifications filed with the SEC using alias names of “Steven J. Corso” or “Steven John Corso”, despite a 2009 bar from appearing or practicing before the Commission as an accountant, which was based on Corso’s felony conviction for wire fraud and attempted tax evasion. Corso, of Encinitas, California, also is alleged to have solicited business on the false pretense that he was an “SEC Consultant and Attorney.” Corso reaped more than $460,000 in illegal profits generated from his violation of the prior SEC order.
According to the SEC’s order instituting a settled administrative proceeding, Johnson’s numerous audit deficiencies included the failure to properly plan audits, obtain sufficient appropriate audit evidence, and maintain audit documentation. Moreover, Johnson allegedly falsely stated in audit reports that he conducted his audits in accordance with the standards of the Public Company Accounting Oversight Board even though his conduct of the audits violated numerous PCAOB auditing standards. As alleged in the order, Johnson also created back-dated, phony work papers to create the false appearance of having proper work papers once he learned he was the subject of an SEC investigation.
“Johnson’s audits provided investors with the false impression that his audits of multiple issuers comported with professional auditing standards, when in fact they were so deficient that they amounted to no audits at all,” said Michael Maloney, Chief Accountant of the SEC’s Enforcement Division. “Today’s order reinforces that we will continue to root out and hold accountable auditors who put investors at risk by their failure to comply with professional auditing standards.”
The SEC’s order finds that Johnson engaged in improper professional conduct, willfully violated federal antifraud laws and related SEC rules, and that he violated and willfully aided and abetted and caused violations of the financial reporting requirements of his public company audit clients. Without admitting or denying the SEC’s findings, Johnson consented to an order suspending him from appearing or practicing before the Commission and was ordered to disgorge his audit fees of $96,000, plus prejudgment interest, and pay a civil money penalty of $50,000.
http://placeandhanley.com/tag/monster-arts/
WRONG AGAIN BLULLISH>>>> DROWNS TO DELIVER CANNABIS FROM WAYNES PERSONAL STASH. The #1 industry, more than food, Drones and medicine. This is Waynes next target. PR coming soon.. any day now.
Next: Pizza delivery from Waynes 5.00 Cheezey Upchuck Pizzaria.
https://trees.delivery/cannabis-drone-delivery
Cease and Desist ORDER from SEC
Wayne never admitted wrongdoing, just paid the fine.
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 73519 / November 5, 2014
ADMINISTRATIVE PROCEEDING
File No. 3-16250
In the Matter of
Monster Arts, Inc.
Respondent.
ORDER INSTITUTING CEASE-ANDDESIST
PROCEEDINGS PURSUANT TO
SECTION 21C OF THE SECURITIES
EXCHANGE ACT OF 1934, MAKING
FINDINGS, AND IMPOSING A CEASEAND-
DESIST ORDER
I.
The Securities and Exchange Commission (“Commission”) deems it appropriate that ceaseand-
desist proceedings be, and hereby are, instituted pursuant to Section 21C of the Securities
Exchange Act of 1934 (“Exchange Act”), against Monster Arts, Inc. (“Monster Arts” or
“Respondent”).
II.
In anticipation of the institution of these proceedings, Respondent has submitted an Offer
of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the
purpose of these proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, and without admitting or denying the findings
herein, except as to the Commission’s jurisdiction over Monster Arts and the subject matter of
these proceedings, which are admitted, Respondent consents to the entry of this Order Instituting
Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934,
Making Findings, and Imposing a Cease-and-Desist Order (“Order”), as set forth below.
2
III.
On the basis of this Order and Respondent’s Offer, the Commission finds1 that:
Company Background
1. Monster Arts is a Nevada corporation headquartered in San Clemente, California.
Monster Arts is a smaller reporting company under Rule 12b-2 of the Exchange Act and has been
registered with the Commission under Section 12(g) of the Exchange Act since June 3, 2008.
Monster Arts’ last-filed periodic report was the Form 10-Q for the period ended March 31, 2014.
Its shares are quoted on OTC Link (formerly “pink sheets”) operated by OTC Markets Group Inc.
under the symbol APPZ.
Applicable Reporting Requirements Concerning the Issuance of Unregistered Shares
2. Under Item 1.01 of Form 8-K, a registrant must disclose its entry into a material
definitive agreement that provides for obligations that are material to and enforceable against the
registrant. Under Item 3.02 of Form 8-K, a smaller reporting company must disclose the
unregistered sales of equity securities unless such sales, in aggregate since its last report filed under
Item 3.02 or its last periodic report, whichever is more recent, constitute less than five percent of
the number of shares outstanding of the class of equity securities sold. For both items, the
registrant must file within four business days of the date of the occurrence or when such agreement
becomes enforceable against the registrant.
Monster Arts Failed to Disclose the Issuance of Unregistered Shares
and the Existence of the Related Financing Agreement
3. On April 25, 2014, Monster Arts entered into an agreement with a financing
company (“financing agreement”) pursuant to which Monster Arts issued shares of common stock
to the financing company purportedly in reliance on a registration exemption found in Section
3(a)(10) of the Securities Act of 1933 (“Securities Act”). The financing agreement provided for
obligations that were material to and enforceable against Monster Arts.
4. Monster Arts failed to file a Form 8-K with the Commission, on or before May 1,
2014, or thereafter, disclosing the financing agreement.
5. Between November 27, 2013 and March 27, 2014, Monster Arts sold more than
140 million shares of its common stock in transactions that were not registered under the Securities
Act. By December 5, 2013, the common stock sold, in the aggregate, exceeded five percent of the
number of shares of common stock outstanding reported on Monster Arts’ November 19, 2013
1 The findings herein are made pursuant to Respondent’s Offer of Settlement and are not
binding on any other person or entity in this or any other proceeding.
3
Form 10-Q. Ultimately, the common stock sold exceeded 350 percent of the number of shares of
common stock outstanding reported on Monster Arts’ November 19, 2013, Form 10-Q.
6. Monster Arts failed to file a Form 8-K with the Commission between December 5,
2013 and April 14, 2014, disclosing the unregistered sales of equity securities.
7. Between April 16, 2014 and May 13, 2014, Monster Arts sold more than 85 million
shares of its common stock to the financing company and other parties in transactions that were not
registered under the Securities Act. On April 16, 2014, the common stock sold, in the aggregate,
exceeded five percent of the number of common stock outstanding reported on Monster Arts’ April
15, 2014 Form 10-K. Ultimately, the common stock sold exceeded 50 percent of the number of
shares of common stock outstanding reported on Monster Arts’ April 15, 2014 Form 10-K.
8. Monster Arts failed to file a Form 8-K with the Commission between April 22,
2014 and May 19, 2014, disclosing the unregistered sales of equity securities.
9. Between May 23, 2014 and June 24, 2014, Monster Arts sold more than 225
million shares of its common stock to the financing company and other parties in transactions that
were not registered under the Securities Act. On May 23, 2014, the common stock sold exceeded
five percent of the number of shares of common stock outstanding reported on Monster Arts’ May
20, 2014 Form 10-Q. Ultimately, the common stock sold exceeded 100 percent of the number of
shares of common stock outstanding reported on Monster Arts’ May 20, 2014 Form 10-Q.
10. Monster Arts failed to file a Form 8-K with the Commission between May 29, 2014
and June 30, 2014, disclosing the unregistered sales of equity securities.
11. As a result of the conduct described above, Monster Arts violated Section 13(a) of
the Exchange Act and Rule 13a-11 thereunder, which require every issuer of a security registered
pursuant to Section 12 of the Exchange Act to file with the Commission information as the
Commission may require, including current reports on Form 8-K to disclose the occurrence of
certain events.
IV.
In view of the foregoing, the Commission deems it appropriate to impose the sanctions
agreed to in Respondent Monster Arts’ Offer.
Accordingly, it is hereby ORDERED that:
A. Pursuant to Section 21C of the Exchange Act, Respondent Monster Arts cease and
desist from committing or causing any violations and any future violations of Section 13(a) of the
Exchange Act and Rule 13a-11 thereunder.
B. Respondent shall pay civil penalties of $25,000 to the Securities and Exchange
Commission. Payment shall be made in the following installments: $10,000 on or before
4
November 15, 2014; $2,000 on or before December 15, 2014; $2,000 on or before January 15,
2015; $2,000 on or before February 15, 2015; $2,000 on or before March 15, 2015; $2,000 on or
before April 15, 2015; $2,000 on or before May 15, 2015; $2,000 on or before June 15, 2015; and
$1,000 on or before July 15, 2015. If any payment is not made by the date the payment is required
by this Order, the entire outstanding balance of civil penalties, plus any additional interest accrued
pursuant to 31 U.S.C. 3717, shall be due and payable immediately, without further application.
Payment must be made in one of the following ways:
(1) Respondent may transmit payment electronically to the Commission, which
will provide detailed ACH transfer/Fedwire instructions upon request;
(2) Respondent may make direct payment from a bank account via Pay.gov
through the SEC website at http://www.sec.gov/about/offices/ofm.htm; or
(3) Respondent may pay by certified check, bank cashier’s check, or United
States postal money order, made payable to the Securities and Exchange
Commission and hand-delivered or mailed to:
Enterprise Services Center
Accounts Receivable Branch
HQ Bldg., Room 181, AMZ-341
6500 South MacArthur Boulevard
Oklahoma City, OK 73169
Payments by check or money order must be accompanied by a cover letter identifying
Monster Arts as a Respondent in these proceedings, and the file number of these proceedings; a
copy of the cover letter and check or money order must be sent to William P. Hicks, Division of
Enforcement, Securities and Exchange Commission, 950 East Paces Ferry Rd. N.E., Suite 900,
Atlanta, Georgia 30326.
By the Commission.
Brent J. Fields
https://www.sec.gov/litigation/admin/2014/34-73519.pdf
NEWS ALREADY HERE.... APPZ IS A SCAM. REVERSE SPLIT THEN BANKRUPSY AND THEN FINALLY SHUT DOWN BY SEC.
I think he should re-name APPZ to the symbol "SCAM". It is appropriate for this stock.
Quote by O Mimi:
Quote:And yet 27,500,000 shares traded today, LoL, APPZ to the MOON when NEWS comes out, traders don't care about CEO's that are crooked, they just care whether a penny stock will go up, just look at the others, TDE* SUT* both owned by the most notorious crooked CEO in penny land Eddy Vakser, and look at TDE* with how Many O/S-9,000,000,000 O/S-5,459,674,499 and traders are still buying both, Ha, Ha, Ha....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119841753
PEOPLE DONT CARE ABOUT SCAMMING CEO'S.... WRONG>>>>> PEOPLE DO CARE ABOUT LOSING THEIR MONEY TO SCAMMERS
CEO of Appz (WAYNE IRVING) constantly hiring people and known for working with those who have troubles with SEC.
WAKE UP. Why does Wayne continue to work with these types of people? Think about it.
See the list of their issues:
Money TV DONALD A. BAILLARGEON: SEC v. ALLIANCE INDUSTRIES, PETER H. NORMAN, AND DONALD A. BAILLARGEON, U.S. District Court for the Eastern District of California, No. CIV-F-99-6073(RECDLB)(July 27, 1999)
https://www.sec.gov/litigation/admin/3-9764.txt
http://www.wsj.com/articles/SB909604359400919000
Diane Dalmy:Diane Dalmy was banned by the SEC on September 25, 2009 - see this link of Prohibited Attorneys located on the OTC markets website.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91492673
The ban coincided with Diane Dalmy's role in paying Windfall Communications LLC for a paid promotion for Genova Biotherapeutics Inc (GVBP). According to disclosure statements, Diane Dalmy paid Windfall Communications LLC $6,000 on behalf of GVBP to promoted GVBP starting on September 10, 2009.
http://promotionstocksecrets.com/banned-attorney-diane-dalmy-on-an-s-1-filing-rampage/
Terry L. Johnson, of Casselberry, Florida, agreed to settle the SEC’s fraud charges and will be suspended from practicing as an accountant on behalf of any publicly traded company or other entity regulated by the SEC.
http://www.gwscpa.org/Content/news/SEC-Charges-CPA-with-Fraud.aspx
http://placeandhanley.com/tag/monster-arts/
https://www.sec.gov/litigation/admin/2014/34-73519.pdf.
Wayne Irving: November 5, 2014 — The SEC announced enforcement actions against 10 companies for failing to make the required disclosures about financing deals and other unregistered sales that diluted their stock. The relevant companies and the penalties they will pay are as follows: APT MotoVox Group Inc., formerly known as Frozen Food Gift Group Inc. ($25,000); CoroWare Inc. ($50,000); ERF Wireless Inc. ($50,00); Green Automotive Company ($50,000); MineralRite Corporation ($25,000); Mondial Ventures Inc. ($50,000); Monster Arts Inc. ($25,000); Red Giant Entertainment Inc. ($25,000); Seaniemac International Ltd. ($50,000); Worthington Energy Inc. ($25,000). SEC
Breaking NEWS
Its going to be a HUGE Fourth of July for Appz.
Appz to load Drowns with fireworks and explode them in the sky for a spectacular event. Oprah to be in attendance and will hit the button to start the show.
Buy your ticket now. Each shareholder who has 100M shares gets 1 ticket. Support Wayne now.
News coming soon on this... any day now.
IMO
Riggggtttt. Reverse Split is fake news. REALLY??? LMAO>>>>
So Appz drones being used for hospitals, Mini Drones, Amazon and Oprah deals, Google deal, Ebay and Amazon selling of accessories and clothing, only 5 Billion OS- which is really 10B, Float 700M LOL, Appz landmark apps, News any day now, Appz being the only pennystock with Drones, more potential than ANA, Current with SEC and no problems with them.
WOWWWWWW.
I guess you have convinced me to buy some shares. I will do so when my check has cleared and the money is in my account.
Thank you so much for this. Im just glad to be joining bag holders here.
Its not the only DROWN stock out there. If APPZ was.. it would be the most pathetic drone stock there is.
#1 POS stock of 2015 and so far in the lead for the title again in 2016.
REVERSE SPLIT IS COMING ANY DAY NOW.
Buy now so you have some shares left after it tanks back to triple zeros.
Yes. Nice day today.
Look at that volume. Oh wait... Im looking at the wrong one.
Tiny volume on this POS again. Its a buying frenzy.
Gooooo Appppz
Appz...Spurting like a guy who had too much to drink with a hot chick.
dribble dribble if even.
Maybe he will do like Machinetalker.
Add all the 10 billion shares into the stock, then a month later RS it, then 2 months later bankrupt it, then start again.
or he will hold the 10B and just Reverse Split it. Fun time for everyone here.
Just goes to show you how much of a SCAM POS this stock really is.
Wash, rinse, repeat.
Gooooo Appzzzzz
There you go. 23.00 for the day.
Good job Wayne. 2 new bagholders are now here.
With the fantastic job your doing on getting the word out on your so called "DROWNS", your 6 month long name change, and your fantastic imaginary EBAY and Amazon sales, volume is exploding from your usual daily zero.
Keep up the good work.
Gooooo Appzzzzz
Great day today. 11.00 so far. LOL
Go Appz Go....
REVERSE SPLIT IS COMING AGAIN.... but it wont be a surprise here. It has been expected for a while now.
IMO
Sure why not. Tack on more debt, then sell more shares to pay for it.
Or just let the company go, re-register with the new name and add new shares, and start anew. At least you have no history anymore and can entice new investors all over again.
News is having no effect on APPZ. Just another fluff PR put out by Wayne. No more buyers and savy investors stay clear of this one.
Funny how he is willing to spend money putting out a B.S PR, but he still has not paid his company licencing bill due in 2 weeks.
Fine then.
Word on the street is Wayne is already getting the paperwork ready. Thats why it is taking so long for the name change. It will be a 2fer for investors.
90.00 flushed down the toilet IMO. Such small volume.
Oh I know.... News is coming.
Its always coming or around the corner.
Of course it is coming. It just wont be what you expect it to be.
NOT looking good IMO.
The word is Wayne is holding out on the final 5 Billion that will not be included in the Reverse Split. The other 5 Billion is being diluted into this POS now.
I heard from a little bird that a 10,000/1 Reverse Split is coming. That little bird told me to hang tight, news is coming and on is the way... its coming soon. It is for "shareholder benefit" that this is being done.
I think the bird worked for Wayne. It is some good info.
Goooooo Apppzzzzz
He already took my money. Let someone else pay his bills.
Speaking of bills, he still owes his fees for keeping his business running.
Time is running out. Sell more certs Wayno.
Annual List (due 2/29/2016. File This List Online Now! File Offline
$ 5,350.00
Business License (due 2/29/2016)
$ 500.00
TOTAL*
$ 5,850.00
IF CHANGING REGISTERED AGENT NAME OR ADDRESS THERE IS AN ADDITIONAL $60 FEE.
Yep. Im still waiting for news to come out. Im waiting and waiting and waiting. Months have gone by. Still waiting.
LOL. A few mill will make you chump change if you can even sell. 100 bucks tops.
No heavy hitters here. no one willing to gamble 5 grand on this POS. If so, they better pray Wayno wont RS this first or files for bankruptcy.
This is a stinky pinky... emphasis on the stinky.
Goooo Apppzzzzz
A whole 45.00 dollars today.
Goooo APPZZZZZ
Uhhhh Huhhhh Uhhhh Huhhhh Uhhhh Huhhhh
http://giphy.com/gifs/sure-uh-huh-mmhmm-1tHzw9PZCB3gY
Thats not the only non functioning website.
Twitter has not been update... both Monster Arts and Iconosys
Facebook has not been updated... Monster Arts and Iconosys
New AviationM site not completed yet after being announced months ago. Alot of 404's
AviationM Facebook page not updated for a while.
.000007 on the way. How do you short a dead stock already?
Nice to know but you caught on a long time ago. The story about Wayne, MONT, Iconosys, Fan Apps, TextKills, reverse splitting certs then doing it again later, Suzanne, all the lies and delays put out to early investors, tells a bad story on this POS.
Went through this as well so with you there bud.
That wont happen. Wayne is like the bull, jumping around, going idea to idea, throwing around whatever will stick. Shareholders on his back, clinging to his every word. Those seated behind the bull are eyeballing those Bulls B**ls and wondering "Are they for real".
Just like APPZ.... is it for real? With this stock, it is time to lead the bull to the slaughter house and have BBQ.
Stick a fork in this one. Its cooked.
But for you.... Gooooo Apppzzzzz. LOL
Here is a PR we should be seeing again.
Wayne will just reuse the sheet and modify it slightly for re-distribution.
http://finance.yahoo.com/news/monster-arts-files-reverse-split-172500984.html
Go baby Go. 20.00 for Waynes lunch.
Keep buying people. Waynes got tons of bills to pay. Please send your checks and money orders to Waynes address in LV.
Support your CEO. Go Appzzzz
LOL
Yep, It sure does paint a pretty picture for Wayne.
Once Wayne creates world peace with lil Kim and North Korea, Appz stock may go up to .0002 with all the media attention. Of course, Wayne will go to prison but no one really cares.
Sure we need to eat. Lotto pay here requires you to have a regular job to pay bills after you lost your money on this stock.
Wayne to promote his Valentine day app by giving it away for free. He will advertise on Oprah and Family Feud (I hear it is a special SEC violations edition).
Watch the money flow in on this freebee. NOT.
Goooo Appzzz. Waynes Drowns to save the world and become the #1 export to North Korea.
Wayne is a PT Barnum shuckster and a liar. Look what he has done to this company. From selling private information, to having a home repair business, a printing company, to building apps that dont work or given away for free, to building a 'so called Drone", and now to selling on ebay with no sites ever listed or proof shown. He works with people who the SEC bans or fines, even including being busted himself by the sec.
This list just goes on and on. You cant even make this stuff up. Maybe he should do a documentary.
Text kills...another joke. Driving around and giving advice not to text. Ha. As he is doing that, business suffers.
And this is a good stock to buy. LMAO
I have seen higher prices on garbage stocks that admitted filing for bankruptcy and they get more excitement and higher bids than this.
CEO does not answer calls or emails. No way to get ahold of him. Even the TA and investor relations are silent. A Major red flag in my opinion and sure sign of a scam. I know you agree with me on this.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119962626
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120087401
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120087365
Technical Analysis of Monster Arts:
https://www.macroaxis.com/invest/ratio/APPZ--Probability-Of-Bankruptcy
https://www.macroaxis.com/invest/market/APPZ--hype--Monster-Arts-Inc
https://www.macroaxis.com/invest/market/APPZ--symbolHistory--Monster-Arts-Inc
https://www.macroaxis.com/invest/market/APPZ--valuation--Monster-Arts-Inc
https://www.macroaxis.com/invest/market/APPZ--volatility--Monster-Arts-Inc
https://www.macroaxis.com/invest/backtest/APPZ/100
https://www.macroaxis.com/invest/alphaSearch/APPZ
IN THEIR OPINION: MONSTER ART IS A BAD BUY. Most here would agree.
Heavy volume. 100 shares. News must be coming. Round the corner.
Who's the big spender?
I thought for a moment it was my buy of 100 shares until I realized that I had put the ask at .000001 instead.
Its going to hit my price soon. Im Gonna be rich. Go APPZzzzzzzzz