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If it goes from 200,000 to 200,000,000 in a month, it can go alot higher. That's the caveat.
My suit was for defamation/libel because of actions the company took when I spoke out negatively against it. The occurrences took place when the company was CCDE/CCDX. Suit was filed when the company was RHMX. While the suit was filed, the name of the company changed several times.
I don't think the 200,000 shares turned into over 200,000,000 based on outstanding liabilities or debt.
The filing they made with Pink Sheets does not explain where the shares came from, and that's alot of shares to be in the float. They avoid the issue in the document they filed by saying there was not 10% change since the change of control in February 2008. But that doesn't mean the shares didn't come into existence after the name change to Advanced Content Services.
Bottom line is 200,000,000 shares overnight, all in the float, and all without explanation since they say they didn't rely on Reg D.
These people are going on the London Stock Exchange or are filing an SB-2 (OTC BB). So they say.
The company could easily explain where it obtained the shell from, but it chooses not to.
Right, where did they come from? The commons that is.
I am disappointed that they failed to explain where the 220,000,000 shares came from by simply omitting that requested information. They restate the question about 10% ownership changes instead of answering them.
What precisely did they investigate?
NASDAQ does not investigate anything. FINRA, formerly NASD, does, as does the SEC. NASDAQ is not the regulatory arm.
NASDAQ has not engaged in any investigation of the company, to my knowledge. It's not a regulatory agency.
So these 200 million shares came from nowhere? Yet they need no funding? All of the 200 million shares are in the public float, 25% at Scottrade, and the rest at DTC. Where did they come from?
If you read the disclosure document, they have no money, zero. That's scary. Not even a bank account. And they claim they don't know where those 200 million shares came from!
The company has filed a disclosure statement, albeit not fully complete. I placed a link to it in the ibox.
The company sells shares to Regulation D investors; it can't sell them directly on the market without an offering statement. Period.
So who did it sell it's shares to and at what price? Must be pretty cheap if they're willing to dump them on us below .001.
When this was FGFC/NCFC it was 276 million outstanding.
I couldn't even read that article, but so it looks like ADCS is just the money raising vehicle while we don't even own the thing.
276,000,000 was the outstanding before the reverse split; is that what they're giving?
I think that the majority of the transactions, except for a few flippers, was the company manipulating their shares for volume to appear. Apparently, new management is worse than the old management with respect to shareholder rights.
Sure, but it's not a legal use of the exemptions regarding unregistered securities to sell them or issue them to your friends/nominees at a below the market rate so they can dump them.
In fact, none of these dumped shares, probably sold at or below par, or paid to offset some form of "debt" at or below par, provided benefit for the company. Indeed, it would be unlawful for the company to benefit from what's being dumped unless it filed an SB-2.
Tell me about PODM.
I hope that's not why a company goes public. Companies are supposed to find investors, not sell/give shares to their friends and nominee companies at .00001 for dumping on the market.
Zamboodles! Wonder if they're printing!
0.01 1000 OTO 14:53:04
0.01 200 OTO 13:47:23
0.01 4000 OTO 11:54:58
0.01 8000 OTO 11:54:58
0.01 2500 OTO 11:54:52
0.01 100 OTO 10:45:27
0.014 773 OTO 09:42:19
I agree that this isn't the Second Life board, but since the company claims involvement with Second Life, it's my opinion that it's not off topic to discuss it and it's potential/drawbacks, and how it works. That said, what should and should not be part of the conversation is not an appropriate topic for public discussion. If you feel a message violates the TOU, please PM a mod, or click on Report TOS.
No, but you can!
After the bell: 48,820,241 shares traded, last .0007, range .0005-.001.
The PR admits the affiliation and says the affiliations were terminated.
Guys, please keep the discussion to ADCS, its past, present, and future. I am deleting messages left and right that are talking about the ibox, TOU violations, deleted messages, etc. I'm not going to delete your messages if it's about the company, but once it because about ihub policies and whatnot, they are going.
The dates of the affiliation are there. Would you like to see where he signed as agent of the company in November 2007?
He was the control person until December 2007.
2008-02-14 Stephen Shawn Spahr, referred to in the Press Release as Shawn Spahr He's the President
2008-01-15 Person claimed to be John Messing He called and said he represented the company on the date in question.
2008-01-15 Joseph Scuderi Jr., purported President he was listed as President, I will change to "former President, now working on identity theft platform."
2007-xx-xx Robert Cotton Jr., and Robert Cotton III 281-820-7815 Affiliated with CWRM Cotton & Western Mining Former PResident
2007-xx-xx Giorgio Costonis (see RMDN RMD Entertainment) Former President
2007-xx-xx Atonn Muhammad (Real Hip Hop Matrix) Former PResident
2006-xx-xx Kenneth MacDonald (Associate of Paul Taylor) Officer from PRs during the time.
2006-xx-xx to 2007-12-xx Paul Taylor Control person from 2005, signed as agent for company in December 2007.
Level IIs: Ask is .0007 with ETRD on it, ETRD has been there since the beginning. SBSH at .0008, NITE and AUTO selling at .0009.
Three Market Makers on the bid, .0006, two at .0005.
Ibox updated to include the company websites.
I doubt the t/a lied. The t/a may have been mistaken. The company could have filed an amendment and it's not there yet. The bottom line is the a/s is 500MM per Nevada S.O.S.
Right, Solutions wasn't a company site. Somebody made that site it was supposed to be a shareholder forum of some sort, but they never updated it and it contains no company information. I was kind of disappointed in it.
No I don't think they're over. Nevada SOS lists a total authorized of 500MM, I don't think it's broken down. I think the company can do what it wants within the 500MM. The could have broke it down, but they didn't. So the a/s is 500MM, and each preferred would most likely go against it the same way a common would.
Solutions is what you refer to, Services is just a parked page bought by Joseph Scuderi.
Registry Whois
Domain Search:
Domain Name: advancedcontentservices.com
Status: clientTransferProhibited
Registrar: REGISTER.COM, INC.
Whois Server: whois.register.com
Referral URL: http://www.register.com
Expiration Date: 2009-01-10
Creation Date: 2008-01-10
Last Update Date: 2008-01-10
Name Servers:
dns027.a.register.com
dns224.c.register.com
dns233.b.register.com
dns249.d.register.com
Extended Info
IP Address: 216.21.239.197
IP Location: United States
Website Status: active
Server Type: Apache/1.3.27 (Unix)
Cache Date: 2008-03-13 12:16:33 MST
Compare Archived Data: 2008-02-24
Registrant:
Joseph Scuderi
9861 Babbling Brook Ct
Oviedo, FL 32765
US
Email:
Registrar Name....: REGISTER.COM, INC.
Registrar Whois...: whois.register.com
Registrar Homepage: www.register.com
Domain Name: advancedcontentservices.com
Created on..............: Thu, Jan 10, 2008
Expires on..............: Sat, Jan 10, 2009
Record last updated on..: Thu, Jan 10, 2008
Administrative Contact:
Joseph Scuderi
9861 Babbling Brook Ct
Oviedo, FL 32765
US
Phone: +1.4076712353
Email:
Technical Contact:
Registercom
Domain Registrar
575 8th Avenue
New York, NY 10018
US
Phone: +1.9027492701
Email:
DNS Servers:
dns233.b.register.com
dns027.a.register.com
dns224.c.register.com
dns249.d.register.com
V
No that site was registered by Joseph Scuderi, I think you are referring to the solutions website.
Well I agree it was a consulting agreement that hasn't been cancelled. The other shell I think he was an investor. I will look into it tonight and post clarification.
Not suggesting there is, trying to reconcile the 500MM number from Nevada (current as of this morning) with the assertion there's 470MM and 5MM.
If the a/s is 5MM for preferreds, and 470MM for common, where are the other 25MM? Nevada's showing 500MM as of this morning. I see there are two classes of preferreds, is the second class the 25MM?