Revoked!

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=a%252bVGcNG2wbdmJ4Jsllz8cA%253d%253d&nt7=0

Larry Ellison got it right...what a wimpy board!! this must have been to most flimsy reason for seeking Hurd's resignation!! wo(man)-man-wo(man).....can' break the laws of nature!

And of course...cosmetics, medical, dryz soles........they all must be invisible products...!!

SRV...let us assume the MFG plant is sold. How long do you think it will take to produce those sponges??/
Hint: Who owns the molds and where are they??

The TA reports as presented is full of errors. And that too blunders!! Sufficient to warrant a share count by a third party. Yes, don't trust the SEC!!

I'll get to it when I collect all the information. Thanks for your words of wisdom. GLTU.

Oh, learned one, thanks for the tutorial.

O.K, so what is it grogron??/ The TA reports say that there are lot of phantom shares in circulation. What is your definition of Phantom Shares and how do they come into existence?/ Indpendent studies financed by FINRA and NASD have shown the existence of NSS its associated issues. Care to review it. It has been posted here several times>

So why does that bother you?/ For all you know, the Mutt bros could have naked shorted this to near death against all those restricted shares given to RME!!! NSS, if any, needs to be exposed...how many and the people who did it!

WTF is this all about...Mark Hurd faking expense reports for his woman friend......a great risk taker..NOT......down the tube the turd rolls!!

pant, first of, I have never accused or alleged that NSS is the cause for the current SPNG situation. It may be one of several causes..don't know! There is sufficient information to indicate that a large NSS exists.

I'll speak for myself, of course I made a bad decision (from your view point) but from mine, a risky one fully well knowing that I could loose it all. But that's not the issue. The issue that is quite evident is that there is a huge NSS position and is clearly indicated in the TA reports...4 billion shares in circulation. Why isn't the SEC, DOJ, etc taking action against them??

that's because of ....

SPNG is steeped in NSS...whether it gets revoked or is back on its feet.....but why doesn't the law help the retail investors?? Cuz...

"The body of securities law at the federal level is so stacked in favor of the industry that it is almost impossible to successfully sue for securities fraud in federal court.

For example, in a normal fraud case, a complaint can be filed based upon “information and belief” that a fraud has been committed. The court then allows the plaintiff to subpoena evidence and depose witnesses, including the defendants. From this discovery, the plaintiff then attempts to prove his case.

Federal securities fraud cases can't be filed based upon “information and belief”; you must have evidence first in order to not have the complaint immediately dismissed for failure to state a cause of action. This information is not available from the defendants (see above) without subpoenas, but you can't issue a subpoena because the case gets dismissed before discovery is opened.

This is only one example of the terrible inequities that exist in federal securities law."

If they are guilty as they are allegedly charged, then they deserve what they get.

Let me see the categories....

1. Conspiracy to commit securities fraud

2. Committing securities fraud

3. Conspiracy to commit money laundering schemes

4. Committing money laundering; money value greater than USD 10,000!!

5. Obstruction of Justice

6. Perjury

I think that's it. I don't see any exhibits filed as proof.

Based on what has transpired so far I can't take it on face value but I'll admit I will be biased to the latter. For the sake of justice I'll wait till the court concludes that it is indeed the case. Now, having said that, I'll say this, there have been quite a few instances where the court has been found to be wrong (in hind sight) due to the fact that prosecutors presented false evidence.

We are on the same page!! They are sincere about what they print!!

And everyone should respect that. It is written with a purpose.

I am sure you read this...............

forensic audit of OS by an independent third party!! 6 Billion NSS is about right!! Statistical projection says more than 5Billion plus shares in circulation.

probably she get alerts from SEC via Ps.............!!

Jay, I don't mean to butt in but I think the explosion of 1Billion shares were planned sometime in early Feb 2009 when the illustrious 1Billion CEDE shares were not certed. I think they were just waiting for the proper time to do it...............!!IMO

OT his lawyer would have to file to make it official and I know you know this!!

patchman, why is the SEC keeping the Broker Dealer interaction confidential?? Are they keeping it for a rainy day in the court?? Don't you think a deposition of the broker and filing it would provide support for their allegations?? This is serious stuff..SEC and the DOJ dove tailing the SEC.....these guys want to hammer M & M but their filings are really something far from real!!!

$11.8 Million is what Hays compiled....that's your man!!

thanks for the notes. So there is min 2+ million in liabilities...max could be $3Million..Wag.

OT..it is definitely a drama!! All the wolrd's a stage.......
As far as straightening out...more interested in the underlying facts...will they ever crystallize????

Sure, it is quite easy to say that.............suppose Pensley was shown that opinion letter and was asked 'is that your signature?'. He would have to say 'Yes'(cuz, that is his sig but somebody scanned/digitized and place it there) but then he would have to follow up with 'I did not sign it!'. Of course then he would have to go on to prove it.

On your other point, perps are saying one thing today and another next day.....looks like it is the norm!! People want to create confusion purposely!!

So Jay, are you saying that there were no unregistered issued at all by the company i.e about the 2.5 billion or so!???

oldTimer, it is very easy to forge signatures on the internet...especially with digital signatures. All one has to do is scan a particular signature and store it in a library. When needed just bring in the sig!! Yup it is that easy. If you'd like I can show it to you....just send me your signature and I'll write a letter to the judge with your signature saying that you helped out Pensely. LOL!

transfer to SOuthern District of Texas....am I reading this right??

nothing has been established yet!! Although everyone (but those who know it all) is interested in knowing what exactly happened...who did what to who, when , where & how????

Thanks for that summary. Definitely of take home value. /em

I doubt it!!!!

Now , this is what I call true entertainment......definitely calling Clint Eastwood!!

loanranger, since most of your analyses have been incisive, I have a question for you...........Would you call the TA reports filed by the SEC to indicate OS = 3B as evidence supporting the 3B claim?? TIA.

And along with that there were several Hedge funds, MMs, legal and illegal Broker Dealers who actively printed out counterfeit certificates and sold them as unregistered shares when the issued number of shares reached a staggering total of 10 Billion shares. Of course these were not apparent from regular books but were uncovered from an alternate set of books surreptitiously tucked away in their back offices!! There is more....... the case has become one of a kind example of where several brokers, ex brokers, ex SEC attorneys, MMs, current SEC attorneys have been rounded up to be taken to wserve life time imprisonment.....more to come.....

When the final result or an intermediate but significant result happens...then you start chaining backwards to see what kind of causal events occurred. In AI they call that backward inference. For example, like you say the stock gets revoked, then there will be entities that will dig out the past events/parties that caused the revocation. The information gathered could be used for future purposes!! just my 2 cents!

how do you know?? The TA's reports are full of errors and that too they look like purposeful blunders!!

we'll find out soon who will have the last laugh!!!