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Sydney is preparing for Spring Break.....er.....fact finding trip to Colorado for some more hemp product sampling - he will be utilizing the recently announced funding to discover more double black diamond vertical integration opportunities on the ski slopes of Vail. Photos of this business trip will be posted here: https://www.instagram.com/sydjim/?hl=en
Sentencing has begun: https://www.justice.gov/usao-sdtx/pr/two-sentenced-securities-fraud-conspiracy
FOR IMMEDIATE RELEASE
Monday, February 3, 2020
Two sentenced in securities fraud conspiracy
HOUSTON – Two defendants charged in relation to a more than $40 million securities fraud “pump and dump” conspiracy have now been ordered to prison, announced U.S. Attorney Ryan K. Patrick.
John David Brotherton, 60, League City, pleaded guilty Feb. 12, 2019, while Charles Earl Grob, 39, Houston, admitted his guilt Dec. 5, 2018.
Today, U.S. District Judge Vanessa Gilmore imposed a 60-month sentence for Brotherton, while Grob received a sentence of 12 months.
Brotherton and Grob were also ordered to forfeit $1.9 million and $242,907.09, respectively, and serve three years of supervised release following their sentences. The court also ordered each man to pay restitution to the victims of the fraud. The amount will be determined at a later date.
Brotherton and Grob admitted they participated in a conspiracy to commit fraud in microcap securities. During the course of the conspiracy, they obtained control of the stock of numerous companies, then “pumped up” the price of the stock through false and misleading press releases and fraudulent trading techniques. They then “dumped” their shares of stock onto the market for a significant profit.
Brotherton, who is in now in custody following violations of his conditions of release, will remain there pending transfer to a U.S. Bureau of Prisons facility to be determined in the near future. Grob was permitted to remain on bond and voluntarily surrender at a later date.
Five others - Andrew Ian Farmer, 41, Thomas Galen Massey, 49, Eddie Douglas Austin Jr., 69, and Carolyn Price Austin 65, all of Houston; and Scott Russell Sieck, 61, of Winter Park, Florida, also pleaded guilty for their respective roles and will be sentenced later this year.
The FBI conducted the investigation with the assistance of the Securities and Exchange Commission and Financial Industry Regulatory Authority. Assistant U.S. Attorneys Justin R. Martin and Michael Chu are prosecuting the case.
It's because people believe 7 times is a charm: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=77219962
NEWS$$$ Dilution Ensured $$$$
Lol - no....it means the company eliminates virtually all of the risk for the lender by giving fire sale discounts - here is the going rate of the deals being shoveled out by Sydney:
The notes bear an interest at 8% per year and is convertible into shares of common stock at a 39% discount to our lowest trading price over the preceding 15 days with a floor on the conversion price of $0.00005. The default interest rate is 22%.
All of this would be fine if Sydney was in fact investing in tangible assets to grow the company. The sad reality is that nearly $8 million in cash has been pissed away with nothing to show for it resulting in continued toxic dilution and shareholders being left with no value or hope of revenues.
If the private investors were in fact believing in the company, they would enter into similar deals as a private placement in exchange for a restriction hold for a reasonable period of time. Of course Sydney has never run a real public company before so this concept is probably foreign to him. Nor does he understand the concept of reinvesting in the company to develop real assets.
How does this newest round of funding account for the $1 million in liabilities which also includes $289k of notes that are in default? The company has appeared quite successful in doling out discounted shares to the tune of $7.9 million in additional paid in capital to date - what exactly has been done with that money is the big question as the cash in the piggy bank is near zero and there are zero assets to show on the books - not even a few bucks of good will for this turd??!
The answer probably lies here: https://www.instagram.com/sydjim/?hl=en
And as amended...the Quarterly report STILL shows no revenues and no value of Vivis inventory claimed to have been acquired.
Observations on this latest press release:
1. The much hyped "acquisition" of a building has yet to come to fruition. NTRR conveniently stated in their last press release that it was just a "hope" - not a sure thing.
2. "Neutra could grow its own hemp to produce CBD products, manufacture such items and distribute them all under one roof without having to rely on any outside sources." - except of course, "funding" from outside sources - the company has no cash and would have to create some serious dilution to pursue such a lofty venture.
3. "Being able to grow hemp ourselves in the state is not only convenient and cost efficient, it works well logistically with our potential Florida facility now under consideration" - huh?? How does having the ability to grow hemp in Texas become "cost efficient" to have a facility in Florida?? Last time I checked with Pompeo, Florida is closer to Ukraine than Texas
4. "... our potential Florida facility now under consideration." - I guess NTRR is still drafting that LOI in hopes to put earnest money down on a option to purchase a facility that they are already claiming is "ours" (who writes this stuff anyways??)
5. I am unsure if NTRR even meets the State requirements below:
During routine inspection or complaint investigations, DSHS, within its statutory authority, may detain products, including dietary supplements, that are labeled as or contain hemp, including CBD, and that make unproven health claims, such as preventing, diagnosing, treating and/or curing a health or medical condition. Products that are being manufactured or handled in a manner that creates a health hazard for people who may use it may also be detained.
Note: HB 1325 contains limitations regarding retail sales of out-of-state consumable hemp products. The products must be processed or manufactured in another state in compliance with:
that state or jurisdiction's plan approved by the USDA;
in the absence of a state submitted plan, a plan established by the USDA; or,
the laws of that state or jurisdiction if the products are tested in compliance with, or similar to those set out in Section 443.151 of HB 1325.
I suspect Vivis product does not have such compliance.
LOL - here is your news - next post will be commenting on it:
https://www.otcmarkets.com/stock/NTRR/news/Legal-Texas-Hemp-Production-Draws-Closer-Giving-Boost-to-Neutras-Vertical-Integration-Efforts?id=252762
Legal Texas Hemp Production Draws Closer, Giving Boost to Neutra’s Vertical Integration Efforts
Press Release | 01/31/2020
SUGAR LAND, TX, Jan. 31, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- With the Texas Department of Agriculture’s (TDA) administrative rules regarding hemp production now in the public comment stage, Neutra Corp. (NTRR) believes it is nearer to its goal of becoming a vertically integrated company.
Should these rules be adopted, as expected, the TDA would still need approval from the U.S. Department of Agriculture (USDA) to begin issuing licenses to grow hemp in the Lone Star state. TDA hopes to begin processing license applications in the first half of 2020. With a license, Neutra could grow its own hemp to produce CBD products, manufacture such items and distribute them all under one roof without having to rely on any outside sources.
“This is a big development,” said Neutra CEO Sydney Jim. “Texas is a large market for hemp-based CBD consumables. Being able to grow hemp ourselves in the state is not only convenient and cost efficient, it works well logistically with our potential Florida facility now under consideration. Combined, they’d give us a solid presence in the southern U.S. and give our vertical integration efforts a strong push.”
Texas Agricultural Commissioner Sid Miller has consistently been a big supporter of hemp production in Texas.
The CBD marketplace has been exploding as consumers discover the many health benefits of hemp-based oils, lotions and supplements. Some market analysts expect CBD product sales to reach an estimated $16 billion by 2026, up from just a little over $1 billion in 2018.
CBD users report feeling relief from anxiety and pain as well as gaining benefits related to epilepsy, skin disorders and even cancer.
Baby Boomers are a fast-growing CBD market segment as they seek to replace expensive prescription drugs and over-the-counter medications with more reasonably priced alternatives.
NOTICE REGARDING FORWARD LOOKING STATEMENT
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements.
Neutra Corp. (NTRR) is an early-stage research and development company that’s bringing modern healthy living solutions to a multi-billion dollar market. Cutting-edge technologies within the nutraceuticals, food and drug, and environmental purification sectors are creating a new kind of world culture—one where consumers are demanding access to products that promote health and stave off potential health dangers. One of the nutraceutical sub-markets is the new thriving Hemp-based CBD market, in which we intend to participate.
Sydney Jim
888-433-4033
info@neutrainc.com
So once we hear that Sydney has bought a building (shed?) of unknown size at an undisclosed location using money he does not have (without issuing a ton more shares for dilution) for presumably to store inventory he does not have using staff that does not exist to become more "vertically integrated".... then what??
In my opinion, the best outcome will be for him to announce that they are cancelling the "acquisition" in favor of preserving investor value. Just like the reverse split, cancelling the Orgaceutrical deal, cancelling the J3 Holdings acquisition, cancellation of the cancelling of debt, discontinuing the Artillery Labs deal, cancelling deal with Second Wave Ventures, dropping the Diamond Anvil product line, cancelling the Purlife JV, cancelling the Field of View Technologies JV, cancelling the Vertigo Technologies JV, and cancelling the Surface to Air Solutions JV. All this in the name of "what do we want to be when we grow up and stop pretending to be a real company".
NTRR = N-TURD
It is typically only shown just on the annual 10k report for the list of beneficial owners or on an 8k for a material change
Not that I can find...from the most recent information:
Boxcar Transportation Corp. currently owns approximately 1.27% of our common stock and 100% of our Series E preferred stock. As holder of the Series E preferred stock Boxcar Transportation Corp. is entitled, voting separately as a single class, to vote double the number of all other voting share resulting in 2/3rds of all votes. As a result, it could exert considerable influence over the outcome of any corporate matter submitted to our stockholders for approval, including the election of directors and any transaction that might cause a change in control, such as a merger or acquisition
Boxcar is a Panamanian registered entity - the sole purpose of course is to hide the true ownership, which in this case is Thomas Cloud. Thomas has been orchestrating these penny stock scams for years together with his father, the late John Thomas ("JT") Cloud. The MO is to hide their ownership while inserting a flunkie at the helm of the company (in this case Sydney Jim - a trust fund baby with literally no experience running a public company - unless you count his stint at the helm of FTTN - another Cloud controlled company) whom they can control via their preferred shares. The whole history (including NTRR) is spelled out here: https://seekingalpha.com/article/3488956-titanic-ten-exposing-10-related-otc-stocks
A little more history on the Cloud family:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=79725082
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=77219962
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=76926537
That was a virtual office set up several years ago back when Sydney had NTRR incorporated in Florida. The company is now registered in Wyoming with no operations in Florida. Sydney is based in Houston at another virtual office in Sugar Land, TX.
Allenc- if you are really interested in doing detailed DD, tell me what you find out about Boxcar Transportation - the Panamanian registered beneficial owner of NTRR. If you are stumped - google a search on Thomas Cloud, son of the late John Thomas Cloud.
Ok - so I should ignore the press release that has a typo referencing "Power Auto Group"?:
http://www.bloomberg.com/press-releases/2020-01-10/neutra-corp-looks-back-on-a-successful-year-full-of-accomplishments
The company is currently in negotiations on a letter of intent with Power Auto Group to purchase real estate that could be used for manufacturing and distribution. Neutra hopes to complete the transaction later this month.
My apologies - was referring to an earlier post about Power Auto Group out of Oregon. The link you refer to in Florida is for Power Auto Corporation - don't think that is the same company as Power Auto Group ?
Assuming for a moment this is the location (or somewhere else in Oregon where Power Auto Group is located) - why would NTRR expend precious resources on buying a property? Why not lease a facility until you get some revenue in the door? Oregon seems like such a stretch - NTRR is based in Texas with only one (or two?) employees - why extend so far out with no local operations there??
Yeah - nice piece of paid fluff - too bad they factually got it wrong - the Orgaceutical deal has been cancelled.
This statement is just plain "hokey"...
"....currently in negotiations on a letter of intent..." -translated: "we do not even have an LOI executed, let alone putting earnest money down on a real estate transaction that is binding"
"...to purchase real estate that could be used for manufacturing and distribution". - translated: "could...or not....for manufacturing something that is really cool once we figure out how we will pay for such a bold move"
"Neutra hopes to complete the transaction later this month." - translated; "we hope for a lot of things - like winning the lotto...not saying it is actually gonna happen"
So not really an actual "acquisition"...more like just a "purchase" of an asset using money they do not have without more dilution.
If you are talking about the real estate "acquisition" from Power Automotive Group for a building of unknown size at an undisclosed location, for an undisclosed price, for an undetermined purpose to presumably store inventory that they do not have using employees that they do not have to produce a product using non existent equipment, packaging and marketing with cash they do not have without some serious dilution ..... yeah, can't wait for the end of month for that P&D...
Ummmmm how exactly would NTRR capitalize on such an purrrrfect opportunity? No money, no employees, no supply of hemp, no experience running an actual business, $1 million working capital deficit, no inventory for their current product to sell and on and on....
I guess with an unlimited supply of shares they could dilute the kitty crap out of this to buy it....
You forgot these key highlights:
1. Cancellation of acquiring J3 Holdings
2. Cancellation of deal with Orgaceutical Co.
3. Apparent fib on repayment of short-term debt by $373,940 (latest financials (Note 8) show only $41,217 was paid in all of 2019)
4. Failure of Artillery Labs deal
5. Zero revenues for 2019 despite acquisition of Vivis and complete lack of marketing their product
6. Increasing outstanding shares in 2019 from 32 million to over 547 million+
7. Re-incorporating to Wyoming and eliminating the cap (unlimited) authorization to issue shares
8. Growing the accumulated deficit to $9.3 million+
9. Draining what little cash they started with in 2019 to near zero
10. Claiming acquisition of Vivis included inventory - but financials show zero dollar value of same
11. Failure to pay the previous CEO his salary of $80,200
12. Negative working capital of nearly $1 million for this one man show
13. Successfully spent company money on lavish lifestyle: https://www.instagram.com/sydjim/?hl=en
NTRR = N-TURD
What are you talking about?? NTRR is NOT buying PAG - they are trying to acquire a piece of real estate which they may or may not go thru with that is of unknown size at an unknown location for an undisclosed price to presumably manufacture and distribute something (hemp products??) using money they do not have, nor staff to operate it. What we (think) we know is that they hope to complete the transaction later this month which can only mean one thing....more dilution.
The company is currently in negotiations on a letter of intent with Power Auto Group to purchase real estate that could be used for manufacturing and distribution. Neutra hopes to complete the transaction later this month.
Lol - who issues a press release about a letter of intent on buying a piece of real estate - why not just wait until the transaction is closed or at a minimum state when the deal is pending. Just more fluff from the snowflake CEO. How about giving us information on the size and location of this garage they are buying? How about telling us how you intend to pay for it, pay to equip it for hemp product production, where you will get the money to pay for inventory, utilities, taxes, overhead staff, operations, marketing, distribution and who will cook the books....er.....manage finances?
Lol - progress indeed!: The company and Orgaceutical Co. (aka Royal beverages) have mutually decided
to go in another direction. And the company has decided to forgo the
acquisition of J3 Holdings.
Is this considered "vertical segregation" or "vertical degredation"?
NTRR = N-TURD
When does "News" from over 3 months ago that occurred in the previous decade no longer be considered "News"??
Indeed it is nasty. From the report it states the following regarding Vivis:
Effective August 30, 2019, the Company entered into an agreement to purchase all of the outstanding stock of Vivis Corporation, a Wyoming corporation, (“Vivis”) from Sydney Jim, the Company’s CEO. The purchase price for Vivis is $35,000 cash and a royalty of 40 percent of gross revenue until $100,000 is paid declining to 25 percent until an additional $100,000 has been paid. There will be a 10 percent royalty in perpetuity. Since this transaction involves our CEO, it will be accounted for as a related party transaction.
The acquisition of Vivis was accounted for as an asset acquisition according to ASC 805-10 Business Combinations. The primary asset held by Vivis at the date of the acquisition was inventory.
In reviewing the assets category, it shows only $3,196 on deposit which indicates to me that this either represents the value of Vivis inventory and/or cash left over from financing operations. Either way, the price paid for Vivis ($35,000 + $200,000 + 10% perpetual in royalties) seems to have been way overvalued.
As reported here on iHub, others have reported buying their product during the relevant time period. Why doesn't the amended report show any revenues or related cost of sales? To date the company has raised nearly $7.9 million in additional paid in capital - why doesn't the company have any assets to show for that effort?? Where has the money gone??!?
Regarding their product - why aren't they advertising it for sale?
Updated amended quarterly report: https://ih.advfn.com/stock-market/USOTC/neutra-corp-NTRR/stock-news/81499690/amended-quarterly-report-10-q-a
Here is some background on Sydney: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151123730
Sydney is a former semi-pro tennis player who dabbles in racing cars and appears to be a trust fund baby who has little to no experience running a public company. Here is where the money is going for shares being issued: https://www.instagram.com/sydjim/?hl=en
How can you state there is "no dilution" when Sydney continues to live life large on the backs of NTRR shareholders while failing to deliver on anything (zero revenues)? Between September and January the dilution has been unabated - swelling/doubling from 290 million shares to 596 million. The most recent dilution showed 93 million steeply discounted shares issued for $40,200 (or $0.00043/share).
NTRR = N-TURD
Since we had confirmation that a "real product was delivered" during the relevant 10Q reporting period, please explain why revenues were zero? Or is anything less than $100 non- reportable?
10Q was due Dec 15 - late notice requires submittal within 5 calendar days of due date (Dec 20)
Yes - you will see soon enough in the 10Q. Apparently the robust Vivis sales are not enough to keep up with the vertical integration.....
10Q late notice filing - merry Christmas
More dilution to pay for building and land. Why not just rent? The company has no money - what a waste. Letter of Intent .... blah blah blah. How about some details on where this is located? Size? Purpose ("vertical integration" means nothing to me)? How much and how are they going to pay for it?
Lol - set top boxes.... I miss the 90's....
That is nonsense. Prove it. Use the most recent 10Q to support your argument.
Neutra Neutered.
NTRR = N-TURD