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VIX is a volatility index that measures the volatility of S&P500 Index returns expected in the next 30 days and priced (implied) in S&P500 options.
July options expire the 20th so the VIX will reset itself the 3rd wed of the previous month
tomorrow is the 3rd wednesday of the month...VIX will adjust
prior to 8am
https://www.theocc.com/components/docs/about/publications/xcal2018.pdf
Out of TVIX...in UVXY now
The Caveat Emptor may have something to do with the company's association with the shady firm Vincent and Rees LLC who has had SEC complaints previously on another stock fraud scheme.
from the last Q https://backend.otcmarkets.com/otcapi/company/sec-filings/12654169/content/html
On October 7, 2016, the Company entered in convertible note agreement with a private and accredited investor, Vincent & Rees, LC, in the amount of $74,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on October 7, 2017. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value.
On February 2, 2017, the Company entered in convertible note agreement with a private and accredited investor, Vincent & Rees, LC, in the amount of $56,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on February 2, 2018.
from SEC complaint (different stock fraud charge leveled against Rees)
https://www.sec.gov/litigation/complaints/2012/comp-pr2012-82-2.pdf
Defendant David Rees, a securities attorney, also played a significant part in
facilitating the fraud.
pages 7-10
26. Before obtaining Recycle Tech for Sepe and Halperin, the professional shell
provider contacted Rees. After discussing the deal with the shell provider, Rees confirmed he
could convert Recycle Tech’s debt into purportedly free-trading shares and issue an opinion
letter formalizing the transaction. The professional shell provider then referred Halperin to
Rees’s law firm, Vincent & Rees.
B. Halperin Hires Rees to Convert Recycle Tech’s Debt
into Unrestricted Stock Shares and Complete the Reverse Merger
27. In late January 2010, Halperin retained Vincent & Rees to coordinate the
purchase, assignment, and subsequent conversion of Recycle Tech’s debt into purportedly
free-trading stock. Halperin also asked Rees to issue an opinion letter regarding the transactions,
and he provided Rees with the necessary documents and signatures for the transaction.
28. Rees directed and supervised the drafting of the necessary documents to convert
Recycle Tech’s debt into purportedly free trading stock. These documents included:
(a) the purchase and assignment agreement of Recycle Tech’s purported three
promissory notes and subsequent assignment of stock to a list of 22
assignees (the “Assignees”); and
(b) the necessary non-affiliate letters and conversion letters for the Assignees,
whereby they ultimately received purportedly converted free trading
Recycle Tech stock.
29. Halperin provided Rees’ law firm with the list of Assignees, who included
Halperin, OTC Solutions, Pudong, Rees, and others. Halperin also coordinated the process of
obtaining the necessary signatures from the assignees for the conversion and non-affiliate letters.
Additionally, he provided other necessary documents to Rees’ law firm, including, a Recycle
Tech corporate resolution.
30. Ultimately, Halperin wired payment to Vincent & Rees
Page 8 of 28
31. While Rees prepared the legal documents necessary to execute the fraud, Halperin
and Sepe set up Recycle Tech for acquisition. Based on their instructions, on January 28, 2010,
the professional shell provider purchased the majority of Recycle Tech’s stock and the shell
provider’s founder and president replaced the existing Recycle Tech officers as the sole officer.
32. At the same time, Sepe initiated the promotional side of the scheme. He engaged
OTC Solutions and Pudong to tout Recycle Tech stock through their various newsletters. Sepe
promised each promoter more than two million free-trading shares of Recycle Tech stock as
compensation.
C. Rees Issues a False Legal Opinion Letter Making
Misstatements and Relying on False or Outdated Documents
33. Rees oversaw the drafting of a letter opining the Assignees had complied with
Rule 144 of the Securities Act, 17 C.F.R. § 230.144 (the “Opinion Letter”), and consequently,
did not need to register the planned offering of Recycle Tech stock. The Opinion Letter also
stated 25 million newly-issued shares of Recycle Tech stock, converted from its debt, should be
issued without a restricted legend.
34. On January 29, 2010, Rees signed the Opinion Letter and sent it to Recycle
Tech’s transfer agent. The Opinion Letter, however, contained false representations, misapplied
Rule 144, and relied on several false or outdated documents.
35. Rule 144 contains a series of conditions that, if properly met, will provide a
reselling shareholder a safe harbor from the Securities Act’s registration requirements and allow
resale of restricted shares of stock. Here, Recycle Tech conveyed stock to the Assignees. The
shares, however, were restricted because they were acquired directly or indirectly from the issuer
in a chain of transactions not involving a public offering. Moreover, the Assignees did not meet
-8-
Page 9 of 28
Rule 144’s required conditions. Instead, Rees misapplied the Rule’s requirements, and
accordingly, its safe harbor was unavailable to the Assignees.
36. First, the Opinion Letter falsely represented that Recycle Tech was not a public
shell company and therefore could qualify for Rule 144 safe harbor consideration. To the
contrary, Rees received at least one communication from the shell provider indicating Recycle
Tech was a shell company. Prior to signing the Opinion Letter, Rees never performed any due
diligence concerning Recycle Tech’s status as a shell company.
37. Second, the Opinion Letter misapplied Rule 144’s holding requirements for the
Assignees. Pursuant to Rule 144, the Assignees were required to hold the securities for six
months from the date they bought and fully paid for the securities. The Opinion Letter, however,
miscalculated the holding period. It incorrectly “tacked back” the Assignees’ holding time
period to the dates Recycle Tech allegedly incurred the debt – February 26, 2008, August 1,
2008, and June 15, 2009. In fact, there is no provision in Rule 144(d)(3) permitting such
“tacking back.”
38. The proper calculation would have begun the holding period from the Assignees’
date of acquisition of the convertible note, January 26, 2010. As a result, Rees incorrectly
concluded the Assignees had met their twelve-month holding requirement.
39. Third, Recycle Tech was delinquent with respect to its obligation to file an Item
2.01 Form 8-K reporting the completion of the reverse merger transaction and including the
requisite audited financial statements of Green Building. Therefore, Rule 144 was not available
under Rule 144(c)(1)(i) because of this lack of adequate current public information.
-9-
Page 10 of 28
40. Fourth, the Opinion Letter relied on several false or outdated documents. For
example, two of the three promissory notes referenced in the Opinion Letter were fabricated, and
one note was backdated more than two months. These were the very notes converted into
purportedly unrestricted stock.
41. Simple due diligence – namely contacting the original holder of the debt – would
have revealed two of the three notes were fabricated and not connected to any actual debt.
Moreover, the third promissory note is dated June 15, 2009. To the contrary, the company
actually incurred this debt on August 29, 2009.
42. The Opinion Letter also relied on an outdated board resolution authorizing the
issuance of the shares. Recycle Tech’s old board signed the resolution, and Rees did not contact
the new board to confirm the resolution was still effective.
D. Rees’ Opinion Letter Ignored Several Red Flags
43. The Opinion Letter also ignored several red flags concerning certain of the
Assignees who were likely to evade registration requirements.
44. First, Rees failed to note the conversion of Recycle Tech’s $34,000 debt into 25
million free trading shares would double the company’s then outstanding shares. Rees knew, or
should have known, that some individuals receiving the shares were likely to immediately sell
these shares into the market. For example, Rees intended to sell, and did in fact sell, the shares
Dump Their Recycle Tech Stock
81. Taking advantage of Recycle Tech’s artificially raised stock price, a number of
the Defendants sold their shares.
82. From February 23, 2010 to March 2, 2010, Halperin sold 1,130,000 shares for
$235,060.
83. From February 22, 2010 to February 25, 2010, OTC Solutions sold 2,325,000
shares for $441,722.
84. On February 23, 2010, Pudong sold 2,325,000 shares for $456,457.
85. On February 23, 2010, Rees sold 25,000 shares for $5,982.
page 26...Disgorgement...Issue an Order directing Sepe, Halperin, OTC Solutions, Thompson, Pudong, Fung, Rees,
and Charter Consulting to disgorge all ill-gotten gains, including prejudgment interest, resulting
from the acts or courses of conduct alleged in this Complaint.
page 27...Issue an order barring Rees from providing professional legal services to any person in
connection with the offer or sale of securities pursuant to, or claiming, an exemption under
Section 4(1) of the Securities Act, including, without limitation, participating in the preparation
or issuance of any opinion letter related to such offerings based on his violations of Sections 5(a)
and 5(c) of the Securities Act, 15 U.S.C. §§ 77e(a) a
The company better get their sh!t together. The next and last step down from here is Grey Sheets Trading and should be avoided
Grey Sheets, also spelled "Gray Sheets," and also known as the "Gray Market" is another category of OTC stocks that is completely separate from Pink Sheets and the OTCBB.
The differences are as follows . . .
Unlike other financial markets,
• No recent bid or ask quotes are available because no market makers share data or quote such stocks. There is no quoting system available to record and settle trades.
All Grey sheet trading is moderated by a broker and done between consenting individuals at a price they agree on. The only documentation that can be publicly found regarding the trades is when the last trade took place.
correction:
173 Million of a possible 400+ million shares have been cashed
"Which means only 160 million of a possible 400+ million shares have been cashed by the note-holders"
OS more than doubled since October
157,217,031 (Oct 1) to 333,233,585 (May 31)
The convertible notes diluted equals over 400 Million shares
That is why the company raised the Authorized from 500 Million to 1 Billion shares last month
Which means only 160 million of a possible 400+ million shares have been cashed by the note-holders
expect more dilution
The good thing is that the note-holders cant cash in if the share price is less than .01
With that in mind I expect this to stay around .01 but any attempt to push higher will be met with selling by the note-holders
Share structure changed again yesterday (as of 5/31)
OS raised another 41 Million
333,233,585
https://www.otcmarkets.com/stock/ADAC/security
changed from my previous post on 5/17
jimstr Member Level Thursday, 05/17/18 03:08:22 PM
Re: None 0
Post #
17298
of 17994
Authorized and Outstanding shares raised on ADAC
More convertible notes getting cashed and diluted
Share structure changed again..from the last filing: The number of shares of the issuer’s common stock issued and outstanding as of October 1, 2017 was 157,217,031 shares
https://backend.otcmarkets.com/otcapi/company/sec-filings/12654169/content/html
On March 6, 2018 there were roughly 250M OS...raised to 269M in early April... and now 292M as of 4/30
Authorized Shares doubled from 500M to 1B 4/30/18
As of 4/30/2018
292,704,348
R/S Friday 8th
Shorting this pig from .065 down to .0115 was like a broken ATM spitting out 100.00 bills
Maximization LLC gets $10,000.00 plus 1,500,000 shares per month in advisor fees
read this before investing here
https://www.otcmarkets.com/stock/ADAC/overview
"Until informed by OTC Markets, the Company was unaware of the promotional activity and remains unaware of the full nature and content of this activity, the extent of the dissemination or the parties involved."
Really?
The company was unaware why their stock went from .01 to .18 and back to .01?
They need to ventilate that machine shop...fumes are getting to them.
CE got added Monday 5/23
My post saturday 5/19
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140920323
Stop Sign added on Monday 5/21
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140944150
Caveat Emptor added Wednesday 5/23
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141032778
i accumulate shares on the flips
Flip larger blocks as I go
sold 70% at 5.48
no....pink no information
with Caveat Emptor attached
stay tuned for the reverse stock split because they won't be able to keep this above .01 with all the selling pressure.
A reverse stock split decreases the total number of a company's outstanding shares and simultaneously increases the price per share. There are a number of reasons why a company may decide to reduce its number of outstanding shares in the market. In the vast majority of cases, a reverse split is undertaken to fulfill exchange listing requirements. An exchange generally specifies a minimum bid price for a stock to be listed. If the stock falls below this bid price, it risks being delisted.
all part of the hype to dump shares
I would be very nervous because the OTC dropped this stock all the way down to the second lowest level
OTCQB
Pink
Yield
Stop
Caveat Emptor
Gray (or"Grey") Market
promotion is only one category
The Caveat Emptor Designation may be assigned when OTC Markets becomes aware of one or more of the following:
Promotion — The security is the subject of stock promotion that may be misleading or manipulative. Promotional activities may include news releases, spam email, and newsletters, whether they are published by the issuer or a third party. See OTC Markets Group's Policy on Stock Promotion.
Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders.
Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
Other Public Interest Concern — OTC Markets Group may determine that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion campaigns (including third-party), unusual or unexplained trading activity, spam or disruptive corporate actions even when adequate current information is available.
OTC Markets will resume the display of this security’s quotes once adequate current information is made available by the issuer pursuant to the Alternative Reporting Standard or by the SEC Reporting Standard, and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.
Pink No Information
OTCQB Venture
Delinquent SEC Reporting
Caveat Emptor
Stock Promotion
Verified Profile 03/2018
Transfer Agent Verified
https://www.otcmarkets.com/stock/ADAC/overview
When Does Caveat Emptor Get Removed?
Facts and circumstances may differ, however generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for Pink Current Information, has verified the information on its company profile on www.otcmarkets.com, and demonstrates that there is no longer a public interest concern. The Caveat Emptor designation is typically not removed within the first 30 days. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com.
https://www.otcmarkets.com/learn/caveat-emptor
what was the low today?
Anemic Technologies
Pink No Information
OTCQB Venture
Delinquent SEC Reporting
Caveat Emptor
The security is currently undergoing promotional activity.
Stock Promotion
Verified Profile 03/2018
Transfer Agent Verified
Price will actually go to 2.50 after another reverse split of 1/250
It's the only way to keep this above the mandatory share price of .01
last filing
On November 18, 2016 FINRA effectuated this reverse and stock was reverse 250 to 1.
More notes getting cashed in...about one per month
this is only a sampling and we are in the dark if any notes were sold in Q4 2017 or Q1 2018 because the are not filing any more
the following total $338,000.00 worth of shares
Hope this helps answer some questions
On March 9, 2017, the Company entered in convertible note agreement with a private and accredited investor, Chienn Consulting, LLC., in the amount of $53,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on March 9, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.
On May 1, 2017, the Company entered in convertible note agreement with a private and accredited investor, Marp, LLC., in the amount of $30,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on May 1, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.
On May 19, 2017, the Company entered in convertible note agreement with a private and accredited investor, Horizon Phoenix Enterprises, LLC., in the amount of $71,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on May 19, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.
On June 4, 2017, the Company entered in convertible note agreement with a private and accredited investor, SARJ, LLC., in the amount of $44,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on June 4, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.
On July 16, 2017, the Company entered in convertible note agreement with a private and accredited investor, SARJ, LLC., in the amount of $90,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on July 16, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.
On August 19, 2017, the Company entered in convertible note agreement with a private and accredited investor, Horizon Phoenix Enterprises, LLC., in the amount of $62,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on June 4, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.
between you and "send me", this board is getting some great DD
Please keep them coming...it is as informative for trading TVIX and a learning tool for this amateur chartist
Thx
TVIX is not an investment...day trade only...IMO
I took a nibble at 4.77 support??
nice DD One O'clock Drop
company has gone dark again...as predicted
https://www.otcmarkets.com/stock/ADAC/overview
ADAC gonna drop like a rock today
that was a quick response to my e-mail to OTC...bye bye
dilution
yep..I'm the fool that sold too early in the .04's
I make no sense and totally stupid...just look what the stock has done since I started posting my nonsense...the other poster has been buying all the way down..who is the fool?
"Doomsday1965" - Ignore everything that this fool says. He stupidly lost ALL of his money by very foolishly selling ADAC way too soon and he also very foolishly shorted ADAC and he now has a very bad case of SOUR GRAPES!! Nothing he says or does makes any sense at all and everything that he says and does is just totally stupid.
I am going to give you the best advice right now...
If you are new to the stock market, put your money in a CD for 3 months while you study what you are getting into...trading the big board markets is very tough without knowledge
trading down here in pinks is a cutthroat business and be prepared to lose all of your investment because it happens MOST of the time to the uninformed
With that said, if you do your DD (due diligence) and put in the time, these pink stocks can make you a small fortune if your timing is right
Be disciplined to always take profits along the way and minimize your losses
ADAC had it's moment several months ago when it peaked at .138...now trading at .015...you would have lost 90% of your money
See what 3 months can do?
buy the CD and study...gain the knowledge to find the next runner BEFORE it runs
avg down?? short a penny?
clueless...absolutely clueless
too expensive to short a penny stock,, risk makes no sense and I don't have an overseas acct...better to short the S&P with TVIX
if you knew anything about shorting a stock you would't have posted that nonsense
by the time the note-holders are finished, this will be trading around .0025 with a billion or more outstanding
all interest will be lost and this will bleed out