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Yes, Robert Holcomb is a director and shareholder of Astra.
Yes, Robert Holcomb has been previously made bankrupt for serious fraud.
Yes, Robert Holcomb is again involved in lawsuits for fraud.
Yes, Robert Holcomb's current and previous lawsuits for fraud are known by Astra.
Yes, Robert Holcomb appointed as a director of Astra with CEO Ron Loudoun knowing of his fraudulent background.
Yes, Robert Holcomb knows the Generator does not work.
COURT TO RECEIVE PROOF OF BOUNCED HOLCOMB CHECKS AND RECONCILLIATION BY BANK AS EVIDENCE IN FUTILE HOLCOMB & DEFENDANTS MOTION FOR FRAUD.
Evidence proves Holcomb acknowledged signed Loan Note but Holcomb's payments failed and were dishonored. Documents filed this week.
THE AFRICA ENERGY PROJECTS TO HARD FOR ASTRA TO FUND:
Astra Energy finds itself facing substantial obstacles in its quest to secure funding for its projects in Africa. Despite concerted efforts to engage with prominent international institutions such as the UN, World Bank, ADB, and other development banks, the company continues to encounter difficulties.
Commercial banks exhibit reluctance to extend financing without substantial initial investments from development banks or through syndication. Consequently, potential investors and financiers remain cautious, refraining from committing to Astra's African Portfolio of Projects; this is why the projects remain unfunded to the day.
Compounding these challenges, governments in countries like Tanzania, Zanzibar, and Lesotho lack the financial capability to underwrite finance packages, further complicating the funding landscape.
Moreover, the credit ratings assigned to these countries by leading agencies like Fitch, S&P, and Moody's fail to meet the standards required for government bonds or sovereign guarantees. As a result, providing security to lenders and investors becomes a formidable task, deterring them from engaging with Astra's initiatives, despite the company's efforts to leverage MOUs to raise funds.
Notably, multinational energy corporations have also withdrawn from similar African projects, citing concerns over ROI and regional instability. Astra's challenges in securing funding and fulfilling commitments are evident in its dwindling stock price, particularly since the assumption of the current CEO's role midway through last year, signaling a loss of market confidence.
Furthermore, Astra's failure to allocate resources toward the development and commercialization of its projects, notably the Holcomb generator, underscores its financial constraints and misaligned priorities. Instead of prioritizing core fundamentals and tangible progress, the company appears content with amassing MOUs and generating market hype without delivering substantive outcomes.
In light of these circumstances, stakeholders may consider advocating for a change in leadership at Astra. The current CEO's apparent focus on executive compensation at the expense of the company's long-term sustainability and profitability warrants scrutiny, indicating the need for a strategic reassessment to navigate these challenges effectively.
HOLCOMB HAS HISTORY OF FILING FAILED MTD TO GET OUT OF REPAYING INVESTORS:
https://www.nashvillepost.com/home/legal-dispute-over-holcomb-intellectual-property-expands/article_2afcce0f-8ac1-5240-b7fb-afd4444ce1e4.html
“Dr. Holcomb has created 20 or 30 entities, each of them based around a different idea,” Norton said. “None of those entities allegedly pays their investors back. That is the center of [HHCS] allegations.”
ASTRA ENERGY UNABLE TO SECURE FUNDING FOR AFRICAN PROJECTS
Astra Energy finds itself facing substantial obstacles in its quest to secure funding for its projects in Africa. Despite concerted efforts to engage with prominent international institutions such as the UN, World Bank, ADB, and other development banks, the company continues to encounter difficulties.
Commercial banks exhibit reluctance to extend financing without substantial initial investments from development banks or through syndication. Consequently, potential investors and financiers remain cautious, refraining from committing to Astra's African Portfolio of Projects; this is why the projects remain unfunded to the day.
Compounding these challenges, governments in countries like Tanzania, Zanzibar, and Lesotho lack the financial capability to underwrite finance packages, further complicating the funding landscape.
Moreover, the credit ratings assigned to these countries by leading agencies like Fitch, S&P, and Moody's fail to meet the standards required for government bonds or sovereign guarantees. As a result, providing security to lenders and investors becomes a formidable task, deterring them from engaging with Astra's initiatives, despite the company's efforts to leverage MOUs to raise funds.
Notably, multinational energy corporations have also withdrawn from similar African projects, citing concerns over ROI and regional instability. Astra's challenges in securing funding and fulfilling commitments are evident in its dwindling stock price, particularly since the assumption of the current CEO's role midway through last year, signaling a loss of market confidence.
Furthermore, Astra's failure to allocate resources toward the development and commercialization of its projects, notably the Holcomb generator, underscores its financial constraints and misaligned priorities. Instead of prioritizing core fundamentals and tangible progress, the company appears content with amassing MOUs and generating market hype without delivering substantive outcomes.
In light of these circumstances, stakeholders may consider advocating for a change in leadership at Astra. The current CEO's apparent focus on executive compensation at the expense of the company's long-term sustainability and profitability warrants scrutiny, indicating the need for a strategic reassessment to navigate these challenges effectively.
ENERGY CEO ON THIS BOARD USING A PSEUDONYM TO PUMP STOCK PRICE :
There is an alleged CEO on this board purportedly utilizing a pseudonym.
He is allegedly promoting his African energy projects and non-performing energy generator, which are subject of MOUs, to artificially inflate his stock price without securing or having any means to fund the projects.
It's evident that both the CEO and those aware of his identity on this board are cognizant of the situation.
If he fails to cease, he risks facing similar consequences to those outlined in this SEC release:
https://www.sec.gov/news/press-release/2024-26
Given that pseudonym CEO is reportedly already on the SEC's radar, the situation may escalate swiftly if he does not stop posting his propaganda.
ASTRA MISLEADS MARKET, OTC AND SEC:
Alleged Misleading Statement:
https://www.globenewswire.com/news-release/2023/09/25/2748676/0/en/Astra-Energy-Inc-Reaches-Agreement-with-Holcomb-Energy-Systems-to-Secure-Exclusive-Worldwide-Manufacturing-Rights-on-Revolutionary-Technologies-and-Welcomes-Dr-Robert-Holcomb-MD-Ph.html
Astra Energy Inc. Reaches Agreement with Holcomb Energy (globenewswire.com)
With decades of experience across the medical, scientific and energy industries, Dr. Holcomb is a pioneer in modern invention with over 250 patents across a range of industries from breakthrough clean energy solutions to medical devices such as MagnaBloc, which achieved approximately $1 billion in worldwide sales.
The Truth:
https://casetext.com/case/in-re-holcomb-health-care-services
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
ASTRA DIRECTOR - GUILTY OF SERIOUS FRAUD IN BANKRUPTCY PROCEEDINGS:
https://www.astraenergyinc.com/about-astraenergyinc
https://casetext.com/case/in-re-holcomb-health-care-services
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
HOLCOMB HAS HISTORY OF FILING FAILED MTD TO GET OUT OF REPAYING INVESTORS:
https://www.nashvillepost.com/home/legal-dispute-over-holcomb-intellectual-property-expands/article_2afcce0f-8ac1-5240-b7fb-afd4444ce1e4.html
The HHCS directors have asked the court in their recent filings to consolidate multiple Dr. Holcomb’s entities into one, said HHCS’ Morgan. “We keep discovering new entities in the Netherlands, Ireland, New York and New Zealand, he added.
In a bankruptcy court hearing Wednesday, Dr. Holcomb's attorney Hancock filed a motion to dismiss last week’s complaint on the basis that it was outside of the jurisdiction of the Isle of Man, where at least one of Dr. Holcomb’s companies is incorporated. HHCS’ attorney Norton countered with a Tennessee tax return filed by the Isle of Man entity. Bankruptcy Judge George Paine ruled for the case to continue here.
“Dr. Holcomb has created 20 or 30 entities, each of them based around a different idea,” Norton said. “None of those entities allegedly pays their investors back. That is the center of [HHCS] allegations.”
HISTORY REPEATS, HOLCOMB INVESTORS TAKE NOTE OF JUDGE'S CONCERNS:
HOLCOMB HAS HISTORY OF FILING FAILED MTD TO GET OUT OF REPAYING INVESTORS:
https://www.nashvillepost.com/home/legal-dispute-over-holcomb-intellectual-property-expands/article_2afcce0f-8ac1-5240-b7fb-afd4444ce1e4.html
The HHCS directors have asked the court in their recent filings to consolidate multiple Dr. Holcomb’s entities into one, said HHCS’ Morgan. “We keep discovering new entities in the Netherlands, Ireland, New York and New Zealand, he added.
In a bankruptcy court hearing Wednesday, Dr. Holcomb's attorney Hancock filed a motion to dismiss last week’s complaint on the basis that it was outside of the jurisdiction of the Isle of Man, where at least one of Dr. Holcomb’s companies is incorporated. HHCS’ attorney Norton countered with a Tennessee tax return filed by the Isle of Man entity. Bankruptcy Judge George Paine ruled for the case to continue here.
“Dr. Holcomb has created 20 or 30 entities, each of them based around a different idea,” Norton said. “None of those entities allegedly pays their investors back. That is the center of [HHCS] allegations.”
ASTRA ENERGY UNABLE TO SECURE FUNDING FOR AFRICAN PROJECTS
Astra Energy finds itself facing substantial obstacles in its quest to secure funding for its projects in Africa. Despite concerted efforts to engage with prominent international institutions such as the UN, World Bank, ADB, and other development banks, the company continues to encounter difficulties.
Commercial banks exhibit reluctance to extend financing without substantial initial investments from development banks or through syndication. Consequently, potential investors and financiers remain cautious, refraining from committing to Astra's African Portfolio of Projects; this is why the projects remain unfunded to the day.
Compounding these challenges, governments in countries like Tanzania, Zanzibar, and Lesotho lack the financial capability to underwrite finance packages, further complicating the funding landscape.
Moreover, the credit ratings assigned to these countries by leading agencies like Fitch, S&P, and Moody's fail to meet the standards required for government bonds or sovereign guarantees. As a result, providing security to lenders and investors becomes a formidable task, deterring them from engaging with Astra's initiatives, despite the company's efforts to leverage MOUs to raise funds.
Notably, multinational energy corporations have also withdrawn from similar African projects, citing concerns over ROI and regional instability. Astra's challenges in securing funding and fulfilling commitments are evident in its dwindling stock price, particularly since the assumption of the current CEO's role midway through last year, signaling a loss of market confidence.
Furthermore, Astra's failure to allocate resources toward the development and commercialization of its projects, notably the Holcomb generator, underscores its financial constraints and misaligned priorities. Instead of prioritizing core fundamentals and tangible progress, the company appears content with amassing MOUs and generating market hype without delivering substantive outcomes.
In light of these circumstances, stakeholders may consider advocating for a change in leadership at Astra. The current CEO's apparent focus on executive compensation at the expense of the company's long-term sustainability and profitability warrants scrutiny, indicating the need for a strategic reassessment to navigate these challenges effectively.
ENERGY CEO ON THIS BOARD USING A PSEUDONYM TO PUMP STOCK PRICE OVER AFRICAN PROJECTS WITH NO FUNDING, $14k IN BANK, AND A GENERATOR THAT DOES NOT WORK:
There is an alleged CEO on this board purportedly utilizing a pseudonym.
He is allegedly promoting his African energy projects and non-performing energy generator, which are subject of MOUs, to artificially inflate his stock price without securing or having any means to fund the projects.
It's evident that both the CEO and those aware of his identity on this board are cognizant of the situation.
If he fails to cease, he risks facing similar consequences to those outlined in this SEC release:
https://www.sec.gov/news/press-release/2024-26
Given that pseudonym CEO is reportedly already on the SEC's radar, the situation may escalate swiftly if he does not stop posting his propaganda.
ASTRA MISLEADS MARKET, OTC AND SEC:
Alleged Misleading Statement:
https://www.globenewswire.com/news-release/2023/09/25/2748676/0/en/Astra-Energy-Inc-Reaches-Agreement-with-Holcomb-Energy-Systems-to-Secure-Exclusive-Worldwide-Manufacturing-Rights-on-Revolutionary-Technologies-and-Welcomes-Dr-Robert-Holcomb-MD-Ph.html
Astra Energy Inc. Reaches Agreement with Holcomb Energy (globenewswire.com)
With decades of experience across the medical, scientific and energy industries, Dr. Holcomb is a pioneer in modern invention with over 250 patents across a range of industries from breakthrough clean energy solutions to medical devices such as MagnaBloc, which achieved approximately $1 billion in worldwide sales.
The Truth:
https://casetext.com/case/in-re-holcomb-health-care-services
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
RON LOUDOUN - ASTRA CEO, NOMINATES AND APPOINTS ASTRA DIRECTOR FOUND GUILTY OF SERIOUS FRAUD IN BANKRUPTCY PROCEEDINGS:
https://www.astraenergyinc.com/about-astraenergyinc
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
https://casetext.com/case/in-re-holcomb-health-care-services
Agree and stop playing smoke and mirrors.
ASTRA DIRECTOR PREVIOUSLY GUILTY OF SELLING AND PROFITEERING FROM TECHNOLOGY PATENTS HE DID NOT OWN.
ASTRA DIRECTOR BANKRUPTCY PROCEEDINGS FOR SERIOUS FRAUD - https://casetext.com/case/in-re-holcomb-health-care-services
Correct CE is for Europe not the US, so those statements only going to manufacturing and sale in the US are retracted.
ASTRA DIRECTOR PREVIOUSLY GUILTY OF SELLING AND PROFITEERING FROM TECHNOLOGY PATENTS HE DID NOT OWN.
ASTRA DIRECTOR BANKRUPTCY PROCEEDINGS FOR SERIOUS FRAUD - https://casetext.com/case/in-re-holcomb-health-care-services
ASTRA SERIOUSLY MISLEADS MARKET AND SEC AS IT FAILS TO DISCLOSE ASTRA DIRECTORS MAGNA BLOC FRAUD IN BANKRUPTCY PROCEEDINGS:
Alleged Misleading Statement:
https://www.globenewswire.com/news-release/2023/09/25/2748676/0/en/Astra-Energy-Inc-Reaches-Agreement-with-Holcomb-Energy-Systems-to-Secure-Exclusive-Worldwide-Manufacturing-Rights-on-Revolutionary-Technologies-and-Welcomes-Dr-Robert-Holcomb-MD-Ph.html
Astra Energy Inc. Reaches Agreement with Holcomb Energy (globenewswire.com)
With decades of experience across the medical, scientific and energy industries, Dr. Holcomb is a pioneer in modern invention with over 250 patents across a range of industries from breakthrough clean energy solutions to medical devices such as MagnaBloc, which achieved approximately $1 billion in worldwide sales.
MagnaBloc Fraud - The Truth:
https://casetext.com/case/in-re-holcomb-health-care-services
Judge finds Robert Holcomb guilty of fraudulently passing off, selling and profiteering Technology Patents he did not own.
ASTRA DIRECTOR IN BANKRUPTCY PROCEEDINGS:
ASTRA DIRECTOR PREVIOUSLY FOUND GUILTY OF SERIOUS FRAUD.
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
https://casetext.com/case/in-re-holcomb-health-care-services
RON LOUDOUN - ASTRA CEO, NOMINATES AND APPOINTS ASTRA DIRECTOR FOUND GUILTY OF SERIOUS FRAUD IN BANKRUPTCY PROCEEDINGS:
https://www.astraenergyinc.com/about-astraenergyinc
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
https://casetext.com/case/in-re-holcomb-health-care-services
ASTRA MISLEADS MARKET FAILS TO DISCLOSE ASTRA DIRECTORS MAGNA BLOC FRAUD IN BANKRUPTCY PROCEEDINGS:
Alleged Misleading Statement:
https://www.globenewswire.com/news-release/2023/09/25/2748676/0/en/Astra-Energy-Inc-Reaches-Agreement-with-Holcomb-Energy-Systems-to-Secure-Exclusive-Worldwide-Manufacturing-Rights-on-Revolutionary-Technologies-and-Welcomes-Dr-Robert-Holcomb-MD-Ph.html
Astra Energy Inc. Reaches Agreement with Holcomb Energy (globenewswire.com)
With decades of experience across the medical, scientific and energy industries, Dr. Holcomb is a pioneer in modern invention with over 250 patents across a range of industries from breakthrough clean energy solutions to medical devices such as MagnaBloc, which achieved approximately $1 billion in worldwide sales.
The Truth:
https://casetext.com/case/in-re-holcomb-health-care-services
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
ASTRA MISLEADS MARKET FAILS TO DISCLOSE ASTRA DIRECTORS MAGNA BLOC FRAUD IN BANKRUPTCY PROCEEDINGS:
Alleged Misleading Statement:
https://www.globenewswire.com/news-release/2023/09/25/2748676/0/en/Astra-Energy-Inc-Reaches-Agreement-with-Holcomb-Energy-Systems-to-Secure-Exclusive-Worldwide-Manufacturing-Rights-on-Revolutionary-Technologies-and-Welcomes-Dr-Robert-Holcomb-MD-Ph.html
Astra Energy Inc. Reaches Agreement with Holcomb Energy (globenewswire.com)
With decades of experience across the medical, scientific and energy industries, Dr. Holcomb is a pioneer in modern invention with over 250 patents across a range of industries from breakthrough clean energy solutions to medical devices such as MagnaBloc, which achieved approximately $1 billion in worldwide sales.
The Truth:
https://casetext.com/case/in-re-holcomb-health-care-services
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
ASTRA MISLEADS MARKET FAILS TO DISCLOSE ASTRA DIRECTORS MAGNA BLOC FRAUD IN BANKRUPTCY PROCEEDINGS:
Alleged Misleading Statement:
https://www.globenewswire.com/news-release/2023/09/25/2748676/0/en/Astra-Energy-Inc-Reaches-Agreement-with-Holcomb-Energy-Systems-to-Secure-Exclusive-Worldwide-Manufacturing-Rights-on-Revolutionary-Technologies-and-Welcomes-Dr-Robert-Holcomb-MD-Ph.html
Astra Energy Inc. Reaches Agreement with Holcomb Energy (globenewswire.com)
With decades of experience across the medical, scientific and energy industries, Dr. Holcomb is a pioneer in modern invention with over 250 patents across a range of industries from breakthrough clean energy solutions to medical devices such as MagnaBloc, which achieved approximately $1 billion in worldwide sales.
The Truth:
https://casetext.com/case/in-re-holcomb-health-care-services
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
ASTRA CEO RON LOUDOUN NOMINATES AND APPOINTS ASTRA DIRECTOR FOUND GUILTY OF SERIOUS FRAUD IN BANKRUPTCY PROCEEDINGS:
https://www.astraenergyinc.com/about-astraenergyinc
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
https://casetext.com/case/in-re-holcomb-health-care-services
ASTRA CEO RON LOUDOUN NOMINATES AND APPOINTS ASTRA DIRECTOR FOUND GUILTY OF SERIOUS FRAUD IN BANKRUPTCY PROCEEDINGS:
https://www.astraenergyinc.com/about-astraenergyinc
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
https://casetext.com/case/in-re-holcomb-health-care-services
VIEW ALLEGED HOLCOMB FRAUD IN TECHNICOLOR:
BANKRUPTCY PROCEEDINGS:
ASTRA DIRECTOR PREVIOUSLY FOUND GUILTY OF SERIOUS FRAUD.
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra CEO Ron Loudoun nominated the guilty Robert Holcomb and he was then appointed to the Astra Board of directors.
https://casetext.com/case/in-re-holcomb-health-care-services
BANKRUPTCY PROCEEDINGS:
ASTRA DIRECTOR PREVIOUSLY FOUND GUILTY OF SERIOUS FRAUD.
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own. Subsequently and knowingly Astra appointed the guilty Robert Holcomb to its Board of directors.
https://casetext.com/case/in-re-holcomb-health-care-services
BANKRUPTCY PROCEEDINGS - COURT FINDS HOLCOMB FOUNDER GUILTY OF SERIOUS FRAUD.
Judge finds Robert Holcomb guilty of fraudulently passing off and selling Technology Patents he did not own:
https://casetext.com/case/in-re-holcomb-health-care-services
ASTRA HAVE NO UL & CE COMPLIANCE TO LEGALLY MANUFACTURE /SELL GENERATORS.
MANUFACTURING AGREEMENT NOW POSSIBLY VOID.
HOLCOMB ADMIT THE GENERATOR DOES NOT WORK.
MEMORANDUM IN SUPPORT OF DEFENDANTS’
MOTION TO DISMISS PLAINTIFF’S COMPLAINT AND FOR ATTORNEYS’ FEES
The Court denied Holcombs Motion to Dismiss:
Extract - Page 5:
The Court should grant the MTD as to the breach of contract claim and as to all Defendants
pursuant to Rule 12.02(6) because the contract that gives rise to this causes of action was solely a
patent sublicense and does not include any guarantee or other promise that the inventions of the
patents will work for their intended purpose.
ASTRA ENERGY UNABLE TO SECURE FUNDING FOR AFRICAN PROJECTS
Astra Energy finds itself facing substantial obstacles in its quest to secure funding for its projects in Africa. Despite concerted efforts to engage with prominent international institutions such as the UN, World Bank, ADB, and other development banks, the company continues to encounter difficulties.
Commercial banks exhibit reluctance to extend financing without substantial initial investments from development banks or through syndication. Consequently, potential investors and financiers remain cautious, refraining from committing to Astra's African Portfolio of Projects; this is why the projects remain unfunded to the day.
Compounding these challenges, governments in countries like Tanzania, Zanzibar, and Lesotho lack the financial capability to underwrite finance packages, further complicating the funding landscape.
Moreover, the credit ratings assigned to these countries by leading agencies like Fitch, S&P, and Moody's fail to meet the standards required for government bonds or sovereign guarantees. As a result, providing security to lenders and investors becomes a formidable task, deterring them from engaging with Astra's initiatives, despite the company's efforts to leverage MOUs to raise funds.
Notably, multinational energy corporations have also withdrawn from similar African projects, citing concerns over ROI and regional instability. Astra's challenges in securing funding and fulfilling commitments are evident in its dwindling stock price, particularly since the assumption of the current CEO's role midway through last year, signaling a loss of market confidence.
Furthermore, Astra's failure to allocate resources toward the development and commercialization of its projects, notably the Holcomb generator, underscores its financial constraints and misaligned priorities. Instead of prioritizing core fundamentals and tangible progress, the company appears content with amassing MOUs and generating market hype without delivering substantive outcomes.
In light of these circumstances, stakeholders may consider advocating for a change in leadership at Astra. The current CEO's apparent focus on executive compensation at the expense of the company's long-term sustainability and profitability warrants scrutiny, indicating the need for a strategic reassessment to navigate these challenges effectively.
ENERGY CEO ON THIS BOARD USING A PSEUDONYM TO PUMP STOCK PRICE:
There is an alleged CEO on this board purportedly utilizing a pseudonym.
He is allegedly promoting his African energy projects, which are subject of MOUs, to artificially inflate his stock price without securing or having any means to fund the projects.
It's evident that both the CEO and those aware of his identity on this board are cognizant of the situation.
If he fails to cease, he risks facing similar consequences to those outlined in this SEC release:
https://www.sec.gov/news/press-release/2024-26
Given that pseudonym CEO is reportedly already on the SEC's radar, the situation may escalate swiftly if he does not stop posting his propaganda.
ASTRA HAVE NO UL & CE COMPLIANCE TO LEGALLY MANUFACTURE /SELL GENERATORS.
MANUFACTURING AGREEMENT NOW POSSIBLY VOID.
HOLCOMB ADMIT THE GENERATOR DOES NOT WORK.
MEMORANDUM IN SUPPORT OF DEFENDANTS’
MOTION TO DISMISS PLAINTIFF’S COMPLAINT AND FOR ATTORNEYS’ FEES
The Court denied Holcombs Motion to Dismiss:
Extract - Page 5:
The Court should grant the MTD as to the breach of contract claim and as to all Defendants
pursuant to Rule 12.02(6) because the contract that gives rise to this causes of action was solely a
patent sublicense and does not include any guarantee or other promise that the inventions of the
patents will work for their intended purpose.
This is why in the Holcomb Motion to Dismiss, which was denied, Holcomb clearly state that in the Plaintiff Sub-License it does not guarantee the generator would work:
Extract - Page 5:
MEMORANDUM IN SUPPORT OF DEFENDANTS’
MOTION TO DISMISS PLAINTIFF’S COMPLAINT AND FOR ATTORNEYS’ FEES
The Court should grant the MTD as to the breach of contract claim and as to all Defendants
pursuant to Rule 12.02(6) because the contract that gives rise to this causes of action was solely a
patent sublicense and does not include any guarantee or other promise that the inventions of the
patents will work for their intended purpose.
STOP FAKE NEWS BY CONFIRMING APPROVAL OF HOLCOMB UL & CE COMPLIANCE:
Rebut the alleged fake news by getting Underwriters Labatories to confirm Holcomb has UL and CE regulatory approval and compliance.
Confirm Holcomb products have regulatory compliance and are safe for manufacture and sale. No evidence of this in any Manufacturing Agreement or Sub-License.
Stop relying on SGS Reports to confirm that Holcomb has UL compliance, this is outright lies.
THE CEO USING A PSEUDONYM ON THIS BOARD TO PUMP STOCK PRICE TAKE NOTICE.
This company at least had revenue of $17k, Astra has none and only $14k in the bank, yet it hypes up the stock with nonsense of projects commencing that are still at MOU stage with no funding hope at all.
SEC Charges Former Alfi CEO Paul Pereira with Fraud for Making False Statements on Social Media
FOR IMMEDIATE RELEASE
2024-26
Washington D.C., Feb. 27, 2024 —
The Securities and Exchange Commission today charged Paul A. Pereira, the former CEO and co-founder of Alfi, Inc., with making materially false and misleading statements on social media about the company’s financial and performance metrics in an attempt to boost the now defunct company’s stock price.
According to the SEC's complaint, while serving as the CEO of Alfi, a Florida-based advertising technology company, and under the pseudonym “Uptix12,” Pereira allegedly posted shortly after Alfi’s May 2021 initial public offering that he “wouldn’t doubt” that Alfi “has $10 mm to $20 mm in revenues already in their back pocket,” when, in reality, the company was set to report only $17,450 in revenue. Soon thereafter, in another alleged attempt to boost Alfi’s stock price, Pereira stated in a YouTube interview that the company was entering into a contract with the founder of a successful restaurant chain to deploy Alfi technology in the founder’s restaurants. In fact, as alleged, the restaurant chain founder never discussed such a contract with Pereira or any other Alfi personnel. The complaint further alleges that, on August 17, 2021, with the company’s stock price opening at its lowest level in nearly two months, Pereira made false and misleading statements on social media and in a company-issued press release about the company’s advertising inventory, including that “available advertising inventory by the end of 2021 is expected to be in excess of $100 million.” Contrary to Pereira’s statements, according to the complaint, the company had less than $5 million in advertising inventory at the time, and Pereira did not have a reasonable basis to believe that Alfi would achieve $100 million in advertising inventory by the end of 2021. The company filed for bankruptcy in October 2022.
"As alleged in our complaint, Pereira tried to boost the company’s stock price through his false and misleading statements,” said Eric I. Bustillo, Director of the SEC’s Miami Regional Office. "This case further demonstrates the SEC’s commitment to holding officers of public companies accountable when they violate their legal obligation of candor and fair and full disclosure to investors.”
The SEC's complaint, filed in the U.S. District Court for the Southern District of Florida, charges Pereira with violating the antifraud provisions of the federal securities laws. The SEC seeks a permanent injunction, an officer-and-director bar, and a civil penalty against Pereira.
The SEC's investigation was conducted by Alex Charap with assistance from Kathleen Strandell, and it was supervised by Jessica M. Weissman, Fernando Torres, and Glenn S. Gordon, all of the Miami Regional Office. The SEC's litigation is being led by Russell O’Brien and Mr. Charap and supervised by Teresa Verges.
ASTRA ENERGY UNABLE TO SECURE FUNDING FOR AFRICAN PROJECTS
Astra Energy finds itself facing substantial obstacles in its quest to secure funding for its projects in Africa. Despite concerted efforts to engage with prominent international institutions such as the UN, World Bank, ADB, and other development banks, the company continues to encounter difficulties.
Commercial banks exhibit reluctance to extend financing without substantial initial investments from development banks or through syndication. Consequently, potential investors and financiers remain cautious, refraining from committing to Astra's African Portfolio of Projects; this is why the projects remain unfunded to the day.
Compounding these challenges, governments in countries like Tanzania, Zanzibar, and Lesotho lack the financial capability to underwrite finance packages, further complicating the funding landscape.
Moreover, the credit ratings assigned to these countries by leading agencies like Fitch, S&P, and Moody's fail to meet the standards required for government bonds or sovereign guarantees. As a result, providing security to lenders and investors becomes a formidable task, deterring them from engaging with Astra's initiatives, despite the company's efforts to leverage MOUs to raise funds.
Notably, multinational energy corporations have also withdrawn from similar African projects, citing concerns over ROI and regional instability. Astra's challenges in securing funding and fulfilling commitments are evident in its dwindling stock price, particularly since the assumption of the current CEO's role midway through last year, signaling a loss of market confidence.
Furthermore, Astra's failure to allocate resources toward the development and commercialization of its projects, notably the Holcomb generator, underscores its financial constraints and misaligned priorities. Instead of prioritizing core fundamentals and tangible progress, the company appears content with amassing MOUs and generating market hype without delivering substantive outcomes.
In light of these circumstances, stakeholders may consider advocating for a change in leadership at Astra. The current CEO's apparent focus on executive compensation at the expense of the company's long-term sustainability and profitability warrants scrutiny, indicating the need for a strategic reassessment to navigate these challenges effectively.
UL COMPLIANCE CHALLENGE:
Rebut the alleged fake news by getting Underwriters Labatories to confirm Holcomb has UL approval and compliance.
Stop relying on SGS Reports to confirm that Holcomb has UL compliance, this is outright lies.
THE CEO USING A PSEUDONYM ON THIS BOARD TO PUMP STOCK PRICE TAKE NOTICE.
This company at least had revenue of $17k, Astra has none and only $14k in the bank, yet it hypes up the stock with nonsense of projects commencing that are still at MOU stage with no funding hope at all.
SEC Charges Former Alfi CEO Paul Pereira with Fraud for Making False Statements on Social Media
FOR IMMEDIATE RELEASE
2024-26
Washington D.C., Feb. 27, 2024 —
The Securities and Exchange Commission today charged Paul A. Pereira, the former CEO and co-founder of Alfi, Inc., with making materially false and misleading statements on social media about the company’s financial and performance metrics in an attempt to boost the now defunct company’s stock price.
According to the SEC's complaint, while serving as the CEO of Alfi, a Florida-based advertising technology company, and under the pseudonym “Uptix12,” Pereira allegedly posted shortly after Alfi’s May 2021 initial public offering that he “wouldn’t doubt” that Alfi “has $10 mm to $20 mm in revenues already in their back pocket,” when, in reality, the company was set to report only $17,450 in revenue. Soon thereafter, in another alleged attempt to boost Alfi’s stock price, Pereira stated in a YouTube interview that the company was entering into a contract with the founder of a successful restaurant chain to deploy Alfi technology in the founder’s restaurants. In fact, as alleged, the restaurant chain founder never discussed such a contract with Pereira or any other Alfi personnel. The complaint further alleges that, on August 17, 2021, with the company’s stock price opening at its lowest level in nearly two months, Pereira made false and misleading statements on social media and in a company-issued press release about the company’s advertising inventory, including that “available advertising inventory by the end of 2021 is expected to be in excess of $100 million.” Contrary to Pereira’s statements, according to the complaint, the company had less than $5 million in advertising inventory at the time, and Pereira did not have a reasonable basis to believe that Alfi would achieve $100 million in advertising inventory by the end of 2021. The company filed for bankruptcy in October 2022.
"As alleged in our complaint, Pereira tried to boost the company’s stock price through his false and misleading statements,” said Eric I. Bustillo, Director of the SEC’s Miami Regional Office. "This case further demonstrates the SEC’s commitment to holding officers of public companies accountable when they violate their legal obligation of candor and fair and full disclosure to investors.”
The SEC's complaint, filed in the U.S. District Court for the Southern District of Florida, charges Pereira with violating the antifraud provisions of the federal securities laws. The SEC seeks a permanent injunction, an officer-and-director bar, and a civil penalty against Pereira.
The SEC's investigation was conducted by Alex Charap with assistance from Kathleen Strandell, and it was supervised by Jessica M. Weissman, Fernando Torres, and Glenn S. Gordon, all of the Miami Regional Office. The SEC's litigation is being led by Russell O’Brien and Mr. Charap and supervised by Teresa Verges.