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Yes... and signed copies of any 'definative agreements' involved should have been filed with the SEC as attachments.
That omission could result in a trading suspension soon? That might explain the 'desperate' dumping here?
JMO
But who's dumb enough to take an anonymous post on social media as 'confirmation' or 'verification' of anything??
The TRUTH is now in SIML's IHUB intro mick...read it.
https://investorshub.advfn.com/Simlatus-Corporation-SIML-17443/
Nistel...even though Sand was indicted and sent to prison for the Ingen scam, he also received an SEC permanent bar against participating in any penny stock, ever. But he and Donna continued to run their other ticker FBEC, promoting various scam products. He teamed with Jason Spatafora for some MJ products. He even used his residence address in Rough and Ready/Grass Valley as the corporate address for some of FBEC's SEC filings LOL.
From FBEC's IHUB Intro (still up).
"Jason Spatafora, age 36, is a social media phenom. Mr. Spatafora has greatly impacted the public marijuana sector through his alter ego ‘The Wolf of Weed Street’. He holds the biggest audiences in the marijuana sector through his twitter handle @wolfofweedst and has gained his notoriety by beating the Nasdaq in Q1 gains by 3000% when the marijuana craze began in 2014. He is the Co-founder of MarijuanaStocks.com which has become the premier marketing & advertising platform in the public cannabis space & has been featured in many publications such as Men’s Journal, Vice and BBC. Beyond that “The Wolf” as he’s called, is the quintessential “Potrepreneur” by developing and seeding disruptive start-up’s like Wolfofweedstreet.com, BudHub.ca, Potbnb.com FindaMarijuanadoctor.com. Mr. Spatafora has a double degree in English & Creative Writing from the University of Arizona. Prior to his emergence in the public cannabis space he was director of sales and marketing for a nation-wide disaster restoration firm."
FBEC was nothing but a revolving door for toxic note buyers and death-spiraled into no-bid. It's now a dead ticker. Mick is still listed as the 'moderator' of that board??
I think you were aware of how Sand acquired the GRPR ticker (under the table) from Jon Fullenkamp (Direct Capital) and then changed the name to SIMLATUS. If I remember correctly, Tilden, Shatz, and Stillwaugh were all with Sand at INGN before they joined in the SIML scam?
Sand now has the FBEC domain name listed for sale LOL.
https://www.hugedomains.com/domain_profile.cfm?d=fbecworldwideinc&e=com
I agree, the SEC should suspend SIML trading and close this down before people lose everything like they did in FBEC??
"Organic CBD Oil, based in the former Grass Valley elementary school in
Sherman County, press the hemp plant into CBD oil, a product increasingly
popular as a tincture and ointment for pain relief"
Grass Valley is in Nevada County, California
"California SOS-Lave Systems Corporation registered by David Hanson, Ingen Technologies."
Just registered July 31, 2019.
Investors should reward you for posting that DD.
Proves Scott Sand is still involved behind the curtain IMO.
Good work.
Anyone with half a brain knows SIML news is FAKE. Most people know that scam businesses headed nowhere always get there lol...GLTY
Nope!
Maybe the 20,000 sq ft was just an 'exaggeration' LOL.
https://www.manta.com/c/mwfzblm/l-a-v-e-inc
Looks more like 2 br, 1ba, 1000 sq ft ?????
cute though!
L A V E Inc
Phone: (818) 241-4241
Name: Vigen Tahmasebian
Job Title: Principal
https://www.corporationwiki.com/California/Glendale/vigen-tahmasebian/44797932.aspx
What confirmation??
Under SEC rules, the announcement today requires an 8-k (definitive agreement) to be filed spelling out all the specific terms of any partnership arrangement with Lave, Inc that could impact SIML shareholders.
Of course should things fall apart they would not have to file the 8-k it in the time allowed LOL. But hey, it's not against the law to change one's mind or even to fail at business.
"Richard Hylen, CEO and Chairman, stated, “The company is currently setup to manufacture and deliver its extraction systems utilizing a strategic partnership with Lave, Inc. This offers our Proscere Division a more streamlined 20,000 sq. ft. facility to perform manufacturing processes, assembly and testing before delivering the systems to our customers. We have $23M in orders being manufactured with 90-120 day delivery schedules. We also have potential orders of $74M that we are closing in the near future.”
In the meantime, 10+ Million shares have already been dumped that won't have to be returned?
Oh well! GLTA
Pumpidy, Dumpity!
All hat a no cattle.
Looks like another head fake to cover the fact that they got caught lying about having a Grass Valley manufacturing operation LOL?
Now they're claiming to be doing business with a non-registered business entity that no one can verify?? Would a trustworthy outfit do that?
Better to get out with a small loss than a tombstone.
GLTY and JMO
SIML could just pumpity, dumpity along for months until the R/S is announced IMO.
"You just cant make this stuff up....lol"
Financial predators make this stuff up...because they can.
SIML #1 on the 'breakdown' board....GLTY
But it's nice to know that the SIML DILUTION MACHINE is now 'official' LOL.
"So how does settling debt fit in to the scam? That's cold hard cash, man."
The problem is that it's not cold hard cash from 'sales revenues'...it's new cash they obtain from the sale of 'new convertible notes'. The $33,000 note sold to Emunah Funding on Jan 31, 2019 went into 'default' July 1 and carried a 100% default penalty, so the note holder got the original principle, plus a default penalty of another $33,000, plus 6 months interest, for a total of a $77,800 debt payment. Not a bad return for loaning these crooks the use of $33,000 for 6 months. The 40 million shares that the original note it would have supposedly converted into (at the June 30 manipulated share price), was then swapped back for a return of the supposedly converted shares. Emunah Funding agrees to buy a new convertible note for XXXXX from SIML using the profit they just made.
And then they "misled" shareholders by saying they had "retired" $400,000 in Convertible Debt?
"SIML Retires $400,000 in Convertible Debt With Sales Over $20M During the First Half of 2019
San Francisco, California, Aug. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation (OTC PINK: SIML) ("Simlatus" or the "Company") today announces that the Company entered into a Release Agreement in July 2019 and agreed to pre-pay the entire balance of a convertible note dated January 31, 2019 with the original principal amount of $33,000 between Emunah Funding, LLC and SIML. The current principal amount of the Note is $77,800. Upon the full execution of the Agreement, the Holder released and returned to treasury 40,000,000 shares of common stock valued at $400,000."
All of this just created dilution of shareholder value... Do you see the scam now?? No verified sales of any product...just share selling.
From the last 10-Q:
"15. SUBSEQUENT EVENTS
On July 22, 2019, the Company entered in a Convertible Promissory Note with BHP Capital NY in the amount of $37,950. The note is unsecured, bears interest at 8% per annum, and matures on July 22. 2020.
On July 22, 2019, the Company entered in a Convertible Promissory Note with Emunah Funding LLC in the amount of $37,950. The note is unsecured, bears interest at 8% per annum, and matures on July 22. 2020.
On July 22, 2019, the Company entered in a Convertible Promissory Note with Fourth Man LLC in the amount of $37,950. The note is unsecured, bears interest at 8% per annum, and matures on July 22. 2020.
On July 23, 2019, the Company’ Board of Directors and the Majority Stockholders owning a majority of the Company’s voting securities, approved a resolution authorizing the Company to amend the Articles of Incorporation to increase the number of authorized Common Shares from 975,000,000 to 1,500,000,000 shares at par value $0.00001 per share. "
GLTY and JMO
One of the board's moderators checked it out and took some photos. It's the corporate address for SIML listed in their SEC filings and Nevada SOS.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150547091
Thanks...interesting!
https://trusteel.com/blog/
Will do some DD to see how SIML shareholders might possibly 'own' any of this???
"Here comes the threes"
Well it certainly looks like we can assume the entire Aug 1 news release was a hoax. There apparently is nothing to 'tour' in Grass Valley?
Shareholders should be livid. Best to get out now with a small loss rather than a tombstone.
SAN FRANCISCO, CA, Aug. 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation (OTC PINK: SIML) (“Simlatus” or the “Company”), a holding company currently focused on opportunities in the cannabis space that owns and operates a number of subsidiaries, all with multiple revenue streams, diversified in cannabis processing products, commercial broadcasting and support services to AT&T’s DirecTV products. Today the company announces that it has received another purchase order from United Opportunities LLC on July 31, 2019 for 4 hybrid Cold-Water/Alcohol CBD Extraction Systems in value of $16,945,668.
Richard Hylen, Chairman and CEO, stated, “We have been working closely with our manufacturing partners in designing a CBD and HEMP extraction system that captures more than 90% CBD product from the cannabis bio-mass using a combined method of Cold-Water Extraction and Alcohol Extraction. The cannabis growers and processors have been waiting a long time for a product that can extract the high-grade CBD first, and then extract the lower-grade CBD in one process using one system without discarding product as waste. Proscere Bioscience offers its new Cold-Water/Alcohol CBD Extractor for a price of $4,236,417. Our distributor purchased 4 systems, and we now have awakened the cannabis market worldwide.”
Mr. Hylen further stated, “Mr. Michael Mulder, President of Brand House Ventures, Inc., had a tour of our manufacturing facilities in Grass Valley this week to better understand the hybrid system for his customers. He toured our manufacturing and assembly facilities as well as enjoyed seeing how the hybrid extraction system performs. Our distributors and strategic partners are part of a vast cannabis network of cannabis growers throughout the world seeking technology like ours in order to process cannabis faster and more efficiently.”
GLTA and JMO
"Look up the IGNT scam."
Thanks, I'm aware of that, as well as all the people that came over to SIML with him from the IGNT scam. Combined, they now have accrued liabilities of $1.4 million (for unpaid back salaries and 'consulting' fees) on the SIML balance sheet (2018 10-KT).
It will take a shucks load of shares to satisfy those notes lol.
GLTY and JMO
Thanks for the downtown tour! Heard he had a large scale MJ laboratory on his Rough and Ready property (I guess to do the research for the FBEC and SIML scams lol)? Might have been a fake rumor?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150480098
Yep...amazing! And they ran the entire FBEC Worldwide scam (at the same time) from their home in Rough and Ready LOL. That one totally wiped out all investors and is still no-bid. One of the main pumpers of SIML is still moderator of that board. Hope you didn't lose anything on that one.
GLTY and JMO
"Someone call this morning get an update that would be best see what Mike has to say I'm getting denied every attempt"
Maybe someone should call the nail solon next door to the SIML 'factory' in Grass Valley and ask the nice ladies there how many people they've seen coming and going from the SIML headquarters over the three years since Sand rented that empty space?? LOLOLOLOL
Their number is on their sign, for all to see.
How is SIML going to get one of those huge extractors out that front door? Hmmmm!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=125485173
"To all those who see listening.."
Apparently most are 'seeing' the ECOS bamboozle and are no longer 'listening' to emotional needs to be right, as expressed on a message board.
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It is simply too painful to acknowledge...even to ourselves...that we’ve been so credulous.” — Carl Sagan
GLTY and JMO
"with all the talk of marine mammals"
Who mentioned anything about Siegel?
YES ON THIS READ. WOW WOWZER ---guaranteed minimal purchase orders of $35,000,000 per year and/or $175,000,000 over a five year period.
Who with any practical business experience would ever believe that nonsense? If they did, their view of reality would have to be totally blocked by the lining of their colon.
GLTY and JMO
Yep...nothing but a REVOLVING DOOR for toxic note holders...everyone was warned LOL.
Yep...they even mistook a guppy for a whale LOL.
Sorry for butting in...the threads are hard to follow at times.
GLTY
"Can you prove that?"
Shareholders and those posting investment opinions don't have to 'prove' anything?? It's always management's responsibility to prove what they say is accurate and trustworthy. How do you 'prove' an opinion?
JMO
"The filings with the SEC backs up what management says."
LOLOL..they are both "what management says"? Management composes everything they file with the SEC as well as everything they tell shareholders by phone??
Only their 10-Ks must be verified by a third party...a licensed AUDITOR.
Anyone can read and listen to what management says (and wants you to know), but real Due Diligence is finding out what they don't want you to know.
GLTY and JMO
To remain current, the SEC only requires OTC companies to supply 'audited' annual reports (10-K's). 8-k's and 10-Qs do not have to be validated by a licensed 'auditor'.
Anyone interested in making an 'investment' in SIML should sit down with a licensed accountant or investment advisor and review the most recent 10-KT filed in May for the consolidated companies (SIML and Satel).
https://www.otcmarkets.com/filing/html?id=13414011&guid=xihIUHa_RG0USth
Where would this company, with it's 'revenue history' and $8,500,000 'audited' current liabilities logically raise the cash needed to manufacture $4 million dollar CBD extraction machines???? Subsequent filings have not mentioned new capital investments or financing infusions that could make such an 'adventure' succeed IMO?
"Liquidity and Capital Resources
December 31, 2018
Current Assets $35,332
Current Liabilities $8,476,605
Working Capital (Deficit) $8,441,273
"
GLTY and JMO
Yep...No reason to GAG a trustworthy 'real deal' unless the 'intent' is to hide something from shareholders LOL.
JMO
SIML is currently a good candidate for a SEC trading suspension IMO. All SEC registered stocks can be suspended under 'questions about the adequacy and accuracy' of company information, including false news releases, unauthorized share issuances, stock promotions, whatever else the SEC may allege. The SEC will choose to either litigate against a company and its principals or let the stock die on the Grey Market until the Admin Law Judge revokes the registration and FINRA deletes the ticker symbol. Although the losses are usually about 80% right after a suspension, most losses are eventually 100%.
Pinky Investors should always presume their desired 'OTC blue chip stock' is really a HIGH RISK SCAM designed to fleece investors, eg., false news releases facilitating extreme dilution from toxic financings or nasty reverse splits.
One can get help researching any suspected OTC stock by simply contacting the DD Support and Fraud Research Team at the following link. Just type in the ticker and ask any question.
https://investorshub.advfn.com/DD-Support-Board-and-Fraud-Research-Team-19670/
The SEC's report on Outcomes of Investing in OTC stocks is also a good read!!!
https://www.sec.gov/dera/staff-papers/white-papers/White_OutcomesOTCinvesting.pdf
"Saw that same one on Moonshiners, episode 7 season 2."
BINGO! LMFAO
Obviously savvy investors don't believe any of it? Nor should they?
GLTY and JMO
"He has gone back to the C Line to dance and perform"
LOLOL.. full circle ...back to where he and Eggers started it all... the sleazy strip club in Davenport... wonder what ever happened to Eggers? Prolly at the bottom of Lake Michigan.
"Now 'if' ACB is that Big Kahuna, how big of Cherry would that be?"
Let's just say that until something like that 'actually' happens... SIML is not 'investable'... maybe 'tradeable' among hopium addicts, but not a long term investment LOL.
GLTY and JMO