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If you go back to Wilster's one and only post, Mr. Liguori is but another victim of Porrata.
He seems to be only the most recent figure to be set up and lurked behind.
I don 't have a sense for whether Mr. Abbott was paid or not. The entire NC deal is a mystery.
But, I don't know where the cash would gave originated to pay him. If they can't find buyers, they don't have cash as there are no products to sell. However, they could have found another investor.
Xena, dear Joe popped his cork yesterday and we should be understanding given the state of his buddy's gig.
But, Halbred may have been Freudian, or, even better, Fraudian!
At some point, Joe will direct his furor to the person he most likely purchased his shares from.
He should ponder, "now, if my money did not flow into HALB's capital account, where did it go?
Trader Joe, you are the mouthpiece of Porrata, right?
Now, the P&D is floundering and you are not happy?
What did you intend to do with HALB shares? Sell them? But, not enough pump to absorb the dump?
The humor! The curiosity ! The law suits!
The fugitive!
And, it is all true!
Now, don't forget to update us regarding William's bathroom.
At least he is one fellow who knows what he is doing!
FLUSH!
Trader Joe, you are engaged in creative production, but certainly entertaining.
Continue at your pleasure.
The only item of importance mentioned this evening is yet to be properly answered!
So, Trader Joe, is William still sleeping in the bathroom?
No gaming, they want to make movies!
But wait, hold the presses, they can make movies!
Let's buy that!!!!
Read the news article of the Cornelius arrest!
You identified William!
How much more entertainment! Can I have the movie rights?
Not really, you mentioned William as the corp atty, I just made a joke of it. Just nudge and observe, and you were nudge-worthy!
Regarding Porrata, the posts from wilster identifying Ligori-Porrata came up following the arrest articles. Your behavior regarding Porrata suggested a strong relationship which just became a subject for review and study due to your actions!
Nothing but simple study of human nature with limited probing and observation. Not challenging at all!
Trader Joe, I want to help you. You are the central source of direct and indirect info on this board. If one examines just your posts on this and other boards, a picture develops. Then, add to this your responses to press releases, 10k's, even probing innuendo - no matter how unusual, suggests much. One has to assume relationships.... Your actions go well beyond that of an investor. After all, why would one undertake such extreme efforts - to the extent of ignoring fact and logic, and ultimately accusation (paranoia?).Please consider your unjustified comments of Mr. Lowing. Then, consider newspaper reports (posted here), court rulings, and then your further conclusions.... It is what it looks like, smells like, and most likely is!
Let's join and write a hollywood script? Cool! I frankly just wanted to write an article due to the Porrata posts and news articles that created interest, but then based essentially your efforts.
There is really nothing more.... But, a simple one... After all, this is just a pump and dump...
You made it an especially interesting (alleged) conspiracy!
Search this board....for the names you mentioned.
That is all you need. When you are done, please do keep us updated. You may finally understand that Trader Joe is the best news source.
LOL!
Your post includes info new to me.
You mentioned William, I found this to be especially humorous.
Read newspapers, public case info, posts on this board, filed 10k's.... I posted the specific case info. If you looked, a clear outcome is detailed. No need to make non-public statements when one can read the court's ruling!
Really, it is not difficult, but it is humorous!
Ask North Carolina if these are minor details!
However, this looks like a pumped and dumped shell, wastefully diluted, and crudely pitched.
The big problem at this time is there are less buyers to absorb the ongoing dump! It could be a good time to buy if you see value.
I have no non-public info. I don't know anything about your alleged conspiracy. I did note posts on several other boards pumping HALB. Why would Trader Joe do this? But, it maybe good source for a hollywood script. I just agree with the board.
Search on the case info. Procedural. Improper service.
Given management musical chairs, who should be served is a good question. They may serve Stacie or Mr. Liguori. But plaintiff likely does not know where they can be found. Until they can be found, there will be delay unless they serve Nevada Sec of State.
Trevor has the details. You can meet him in Cornelius this week.
Please report on your discussion.
No NC EIN.
Are you suggesting they are operating illegally in North Carolina?
Did you state that HALB is physically housed in Concord?
They have no one in NC!
And the point you are making is what!?
The suit continues. That is important.
However, the larger and central issue that goes to the performance of management is disclosure. There should have been disclosure! The management is a concern! Unfortunately, this is not a unique situation.
What facts do you want to know ?
US District Court Central District of California
Case Number CV 13-1412 CAS (SPx)
SMSW et al vs Halberd et al
Stephen Wilshinsky filed suit against HALB in Los Angeles.
If you can provide evidence that HALB owns the NC property, kindly share this. There is no support for HALB's stated interest other than HALB's mysterious statements to the extent of my understanding.
211,000,000 plus is not 310,000,000.
You can find evidence of Porrata's shares in the footnotes and content of the filings.
And, we can see the dumping is ongoing and assume it is only limited by buyers.
Not just a shell if the stockholder's equity is the majority owner's personal crash fund.
ATB (Porrata) 10,000,000 plus shares
Consultant (Porrata) 1,000,000 plus shares
200,000,000 shares Ligori (Porrata)
Stacie Allen President (unknown Porrata relationship)
Who knows how many shares are owned by Porrata associates.
Who knows as to whether there are conversion rights issued.
Yes, it is a special shell of the Porrata nature.
If there are buyers, I can assure you that there will be sellers.
It's all about equity. There are 200 million shares that were sold to the majority shareholder at a price discount that is better than a full order of magnitude off the current trading price and the transaction did not require cash. In fact, HALB actually financed this transaction at zero interest. Next, there are payments of more than ten million shares to the majority shareholder for *consulting*.
So, all those that are buying shares of HALB are subsidizing the majority shareholder in his *consulting* business. After putting more than 210,000,000 shares in his pocket at either no cost or at a price of .oo1 per share that was/is financed by HALB, what else is left for the remaining investors? Lastly, what did the majority shareholder actually pay for these shares? I can't find that he paid a cent for any!
Now, that is "THE BUSINESS!"
Trader Joe, to answer your question, there could be much more and that is why we have asked for the transaction details. And, if HALB owns the LLC, then the footnotes to the financial statements, the income statement and the balance sheet are wrong. So, if the LLC is owned, HALB has to restate the financial statements and likely its tax returns. Trader Joe, that is alot to be wrong with HALB if you are right. Are you saying HALB can't file accurate tax returns, SEC filings and financial statements? GOSH, is it really that bad for HALB?
Next, there is no information as to whether the building has tenants currently (or subsequent to Nov 2011) and that they are paying rent to HALB (or a LLC owned by HALB).
Furthermore, why is this building such a concern? How many UAV's does HALB have orders to build? If there are any, where are the HALB manufacturing employees located? I can advise you that there is not one anywhere.
So, the building is not providing revenue to HALB, is not used for manufacturing, the elevators don't work, there is no evidence of income, there are taxes, maintenance and utilities due, and you still see this as a valuable asset?
Please do recall that the Las Vegas PO Box is reported with the capacity to build 20 UAVs. If HALB can build UAVs in a PO Box, why would it require a dilapidated, anxient relic in NC?
Only facts are presented. Investors should not be misled.
If you bought HALB, you had some reason to do so. You can share your insights at your convenience.
If you are frustrated of your HALB investment, but still see merit, then you have an opportunity to buy more at this time.
Just a badly managed shell pump.
The entire operation is unsophisticated, actually amateurish.
Who knows the true state of equity.
As for trade volume today, the folks have yet to decide the paint!
There is no cash and there is no bank account.
Disbursements appear be made by an affiliated representative through personal accounts. The essential question is the management of equity as evidenced in the sale of 200 million shares to the majority owner for a no interest note at below market price.
The financial statements are unaudited and do not support the alleged operations of a business.
HALB does not appear to be more than a shell. The press releases are deceptive as evidenced in the Feb 28 announcement of new marketing, sales, R&D, and production facility in Vegas. The Vegas facility is a PO box.
The company does not have employees. The company has no production/manufacturing in Vegas or Concord.
There are no marketing, sales, or R&D personnel. There has not been a release that details the background, education, and experience of the new president. This is another mystery.
We can not find support establishing HALB's interest in the building or the LLC.
The county property records should show HALB as an owner if the 10k describing this transaction is accurate.
Also, the balance sheet omits mention of the LLC.
Now, what does HALB own or have interest in regard to the property and/or the LLC?
According to the 10k, HALB owns the building and its liabilities.
Why would alleged rent go to the LLC?
If HALB owned the LLC, then the rent should appear on the income statement as there are no separately reporting entities.
Where is the rent and related liabilities exposed in the financial statements?
Nothing is cleared up. Where are the alleged proceeds?
This transaction is unsubstantiated.
Why would any entity sell an income producing and allegedly profitable property for worthless HALB paper?
Also, calls to HALB are unanswered. Why?
Or, is this just all smoke as usual?
Where is the president of HALB? She could help us understand this transaction.
Where are the rent proceeds?
Who gets the check for the LLC or HALB?
The smell of this is HALB!
It would be helpful to understand what the terms were of the alleged purchase.
No one seems to respond at HALB.
There are several properties that are reported to be owned by this LLC.
The property referenced has a different address than the dilapidated ancient relic which HALB represents as a manufacturing facility.
Let us ask Stacie Allen to define HALB's manufacturing facilities and related capabilities.
We should learn much from the president.
The bedrooms and bathrooms are for HALB's manufacturing, sales, marketing and R&D employees?
I read a HALB Press Release stating they are hiring more engineers!
Trader Joe, show us the transaction agreement and viable (real this time please) appraisal.
Then we can comment as to what HALB owns or has interest.
Who would sell property generating alleged income for such worthless paper?
The desperation caused by that good old money sucking sound of rising costs and lowering revenue can be a thunderous motivation!
The ancient relic is not worth either the cost to maintain or to demolish!
The valuations are pure HALB!
Where is that box of chocolate Trader Joe?
From April 10Q there are two information references regarding the Concord Property (I assume).
1) On August 1, 2011, a related party contributed a commercial building and its related
operating assets and liabilities to the Company for a non-interest bearing loan in the
amount of $869,893. The balance as of January 31, 2012 is $772,360.
2) Effective August 1, 2011, the Company purchased the commercial building and related
assets and liabilities of APM of the Carolinas, LLC. The acquisition will bring the
company the proper facilities it needs to manufacture its short and long-range Unmanned
Aircrafts.
I do not know if the above items refer to the same property. I do note the balance sheet for this interval reports property and equipment:
PROPERTY AND EQUIPMENT
Property and equipment consists of the following assets at:
January 31, July 31,
2013 2012
Shop Equipment $ 1,255 $ 1,255
Commercial Buildings and Land 1,695,784 1,695,784
I have not been able to reconcile depreciation or depletion.
The above financial report is unaudited. I have little confidence in the reporting or the valuation of assets.
How much limited production, sales, marketing, and R&D can be performed in a PO Box?
The press release of Feb 21 is consistent with Forest's box of chocolates.
Two manufacturing/production facilities were publicly announced Trader Joe, notwithstanding your post stating otherwise.
The Feb 21 news release mentions explicitly production.
Two production facilities and no products produced - ever!
The Las Vegas sales, marketing, R&D and production facility is a PO Box!
And the question remains as to whether HALB has any employees?
Who is the new President if HALB Stacie Allen? What does she know about UAVs, sales, marketing, research and development, and manufacturing?
Who hired Ms. Allen and who does she report to?
Is she an actual employee of HALB or is this just a name? Does she receive a paycheck from HALB?
Does she have other employment? Can she be contacted? If so, what is her contact information?
And was HALB was compensating Porrata with millions of shares for his alleged consulting services during a time he was a fugitive? Is this true? Would this be important to a prosecutor in regard to HALB's alleged support to a fugitive?
Further, what consulting services did Porrata provide to HALB that justifies approximately 10,000,000 shares?
Xena, if ATB is Porrata, and ATB is involved, or Porrata is involved, then Trader Joe knows the details. He is Porrata's old neighborhood buddy. Typical Joe, his posts are reflective of this relationship and interest in HALB.
There is s 10k that includes reference to a Concord facility and the balance sheet defines this as an asset valued above 1.5M. Of course, the financial statements are unaudited.
I believe there is an announcement of HALB intent to expand manufacturing to Las Vegas. I note there are now two manufacturing facilities which are two more than products produced.
We can not find evidence of a single product ever manufactured or even a product brochure.
I find no credible evidence to support the financial reporting or announcements of HALB.
Unfortunately, this appears to be just a pump and dump - most obvious and unsophisticated.
The posting on this board is a concern.
Trevor and William are the people to ask, as you know.