I don't give people hell, I just tell them the truth and they think it's hell. H. Truman
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LMAO! Wtf, it was $10 on Dec 12, 2014. WTF?
Now it has TOXIC CONVERTABLE NOTES @ .0025 a share.
W T F!!!
Issues a dividend, has a buy back program and has over $20 million in cash
Revisionary interest kicks in
HUMMM....looks like it's 6 months, not 1 year
Holding period. A six-month holding period is required for "restricted securities" of an issuer that has been a reporting company for at least 90 days. A one-year holding period is required for "restricted securities" of a non-reporting company. See "Rule 144(d) - Holding Period Requirement" and "What are restricted securities?"
Looks like another scam went under (2013)
http://finance.yahoo.com/news/pacific-clean-water-technologies-inc-153000721.html
Seems to be a pattern here.
Look who was representing this one
It appears to be more of a problem than a divorce.
Anyone see a problem here?
6 times his record was hit!
Status History
Effective Date Status Change
Present Active
9/4/2014 Active
6/12/2014 Not Eligible To Practice Law
10/23/2006 Active
9/16/2003 Not Eligible To Practice Law
1/18/2001 Active
9/27/1999 Not Eligible To Practice Law
11/25/1996 Active
7/31/1995 Not Eligible To Practice Law
2/7/1990 Active
7/25/1988 Not Eligible To Practice Law
2/10/1986 Active
8/5/1985 Not Eligible To Practice Law
12/1/1981 Admitted to The State Bar of California
Explanation of member status
ABOUT MANAGEMENT
Summaries from the California Bar Journal are based on discipline orders but are not the official records. Not all discipline actions have associated CBJ summaries. Copies of official attorney discipline records are available upon request.
June 12, 2014
GENE EDWIN O’BRIEN [#99524], 63, of Palm Desert, was suspended for one year, stayed, placed on two years’ probation with an actual 30-day suspension and ordered to take the MPRE. The order took effect June 12, 2014.
The State Bar Court found O’Brien culpable of four counts of misconduct in a single client matter: failing to perform legal services with competence, communicate, return unearned fees or to account. In August 2010, a woman hired O’Brien to file a lawsuit against her lender for predatory lending. The following month, she hired him to file another action against her niece in a real estate fraud matter. She paid O’Brien $10,000 to handle both matters.
In March 2011, the client emailed O’Brien asking for an update on the matters, but got no response. Over the next few months, she called him 33 times seeking an update on the lawsuits and left several voicemail messages. In August 2011, she met with O’Brien, who told her he would file the lawsuits the following month. He never did.
O’Brien made several other promises to file the lawsuits and even brought in a second attorney who is an expert in predatory lending practices, but did not file anything on her behalf in 2012.
In 2013, after the State Bar filed a notice of disciplinary charges against him, O’Brien filed an action in San Bernardino County Superior Court. On June 22, 2013, he refunded the $5,000 his client paid for the legal action against her niece.
ABOUT THE LAW FIRM
The Complaint, filed in Nevada, alleges multiple causes of action, including breach of contract and breach of fiduciary duty by Sichenzia Ross Friedman Ference and Mr. Ocasio.
Beyond Commerce, Inc. (www.beyondcommerce.com) (OTC Bulletin Board: BYOC) today filed a lawsuit against Sichenzia Ross Friedman Ference, LLP (www.srffllp.com) and Darrin M. Ocasio, Esq. The complaint outlines allegations that Sichenzia Ross Friedman Ference and Mr. Ocasio are liable for permanently and intentionally damaging Beyond Commerce costing the company millions of dollars in lost business and revenues. Beyond Commerce will be seeking damages accordingly. (Case number: a-10-620267-c, Beyond Commerce, Inc., a Nevada corporation vs. Sichenzia, Ross, Friedman, Ference, LLP a business entity form unknown; Darrin M. Ocasio, an individual; and does 1 through 100, inclusive court of record: District Court; Clark County, Nevada)
The Complaint, filed in Nevada, alleges multiple causes of action, including breach of contract and breach of fiduciary duty by Sichenzia Ross Friedman Ference and Mr. Ocasio.
Beyond Commerce is continuing the process of evaluating additional lawsuits against other parties involved that may have contributed to the destruction of more than $75 million of market value and damages to its shareholders and employees.
The flagship wholly owned subsidiary of Beyond Commerce was LocalAdLink, Inc. which was a leading advertising company in its market sector. Because of its market niche and explosive growth, LocalAdLink had significant momentum and growing market share but the company was allegedly destroyed by the nefarious acts of others.
CEO Robert McNulty stated that, "The damages that were caused by the recklessness and greed of others are enormous and beyond comprehension; however, I do believe that the parties involved will be found liable for damages to the company."
BUYERS BEWARE! RED ALERT! TOXIC CONVERTABLE NOTES!
Appearantly I have not made my point clear. There seems to be some misunderstanding on theses notes.
Yes in 2002, the company had 180,000 of debt on the books. They had a payment of $1,050.00 month.
FOR SOME REASON, IN JULY 2014, MANAGEMENT DECIDED TO RENEGOTIATE THESE TO A TOXIC CONVERTABLE NOTE, WITH A CONVERSTION RATE OF .0025 A SHARE.
YES .0025 A SHARE! At a time when the stock traded at $9.00 a share!
WHY DIDNT THEY JUST ISSUE SHARES FOR THESE NOTES?
Not sure why this statement was made, " There isn't even one toxic note listed in ANY filing"
IN FACT, THEY HAVE BEEN DISCUSSED IN EVERY FILING SINCE JULY 2104!
READ NOTE 4 NOTE PAYABLE!
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
Another 7,230,000 on August 7, 2105.
They have converted the note 4 times already!
The problem is this is a major dilution, 24 million shares already and possibly another 117 million shares.
IT IS NOT JUST $300,000 of debt. It is $300,000 of CONVERTABLE DEBT!
Why did THIS MANAGEMENT GROUP CHANGE THIS 2002 Note after 12 year?
It was a note with a measly $1050 payment. So far it has cost shareholders 24 MILLION IN SHARES VS (a few payments of $1050)
THATS WHY THIS ID A TOXIC SITUATION FOR THIS STOCK!
It's NOT A SHELL!
It's been in business for 40 years.
It is a floundering business on the brink of BK
It's a simple putt putt golf course in Las Vegas.
With a $2 million market cap, and $10 million in debt, there is nothing here even worth looking at.
It was promoted in the past because of a " confidential" filing. I told everyone that was a simple $200k rebranding contract.
The SCAM here is over. It will be sub penny soon. MARK THIS POST!
It appears many are not understanding how TOXIC these CONVERTABLE notes are;
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
On Aug 7, 2015 ANOTHER 7,230,000 shares issued!
All the mentioned transactions are at .0025.
The conversion rate is fixed at .0025, has nothing to do with the current share price.
Read note 4, in the financial statements. It explains these TOXIC NOTES.
It might help to reread my previous posts on this subject and maybe sticky the posts for others to read.
$292,500 of CONVERTABLE debt, requires another 117,000,000 shares to pay off principle.
Many penny stocks have SCAMMED INVESTORS USING THIS "trick"
Toxic CONVERTABLE NOTES
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
THEN THERE IS ANOTHER 50,000,000 shares coming available from the management agreement!
AND ANOTHER (2) one MILLION SHARES COMING FROM CONSULTING AGREEMENTS!
Seems there will be plenty more for tomorrow, and the day after, and ther day after that....
Printed in the financial statements!
"The Company’s shareholders authorized an amendment to the Company’s Articles of Incorporation for the purpose of increasing the number common shares the Company is authorized to issue from 300,000,000 to 500,000,000 and to authorize the number of preferred shares the Company can issue to 25,000,000. The Amendment to the Articles has been filed with the Secretary of State but is not yet effective."
Just in case the Toxic CONVERTABLE notes keep printing shares!
"Caro Capital signed an agreement with Beverly Hills Group Inc. to receive one million shares of the company’s common stock. Caro Capital is currently selling their shares"
RED ALERT! RED ALERT! RED ALERT! RED ALERT!
THIS STOCK IS A BIG SCAM.
HUGE PROMOTION GOING ON.
BEWARE! BEWARE! BEWARE!
THOSE TOXIC CONVERTIBLE NOTES PAYABLE BEING CONVERTED AT .0025 A SHARE.
MILLIONS BEING CONVERTED!!!
OVER 24.4 MILLION SHARES SINCE JANUARY 2015.
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
On Aug 7, 2015 ANOTHER 7,230,000 shares issued!
ALL THE SIGNS OF A SCAM!
This just about tells it all.....
On June 4, 2012, ECCE entered into an agreement though a special purpose entity named EFOGC – East Pearsall, L.L.C., a Texas limited liability company. ECCE owns 100% of the Class B Membership Interests in EFEP, while Medallion Oil Corp. (MOC) owns 100% of the Class A Membership Interest. EFEP completed the acquisition of 85% Working Interest in 3,683 acres in Frio County, Texas from Amac Energy, L.L.C. to drill and develop the Austin Chalk, Buda, Eagle Ford and Pearsall Shale The agreement with AMAC Energy was to purchase the 85% of the working interest on the East Pearsall lease. As part of the sales agreement, ECCE had to drill the one well on each of the three leases prior to 6 months of the expiration of the leases. Due to the fact that ECCE was unable to acquire drilling funds per the agreement prior to the agreed date, ECCE was required, as stated in the agreement, to reassign the leases back to AMAC Energy. As a result as stated in the settlement agreement, On July 8, 2014 the MOC-East Pearsall Board of Directors approved the release of all liens to AMAC and ECCE has been released from any obligation to AMAC Energy. As of September 30, 2014, an impairment charge of $6,464,436 was taken against this property.
MOC invested $7,000,000 into EFOGC – East Pearsall, LLC for the sole purpose of acquiring the AMAC leases, with MOC owning 100% of A series common stock and ECCE owning B series common stock as “designated operator”. Per the agreement with MOC, ECCE was required to acquire a minimum of $10,500,000 drilling capital by December 2012, however, ECCE was unsuccessful. MOC granted an extension for another six months, however ECCE was also unsuccessful in that attempt to raise funds as it was in all future periods. A part of the original agreement required that the East Pearsall, LLC return the original capital investment of $7,000,000 out of those funds, along with interest of 10% on that balance. As of September 30, 2014, the loan from MOC $7 million was outstanding against this property.
With the leases being reassigned to AMAC Energy and the subsequent agreement with MOC to close East Pearsall, LLC, the entity of EFOGC – East Pearsall is currently “winding down” and will be closed as an operating entity in the state of Texas. With this winding down, ECCE will no longer have any liability relative to EFOGC – East Pearsall and the East Pearsall leases. We anticipate completing this closure within a month of this report.
Is that before or after they pay the $563,244 of liabilities?
Are they going to pay this with what $105 in Cash on hand?
"$DNR - I agree it is low priced due to over all sector hammering although numbers should stack up especially as prices rebound.
Key points to consider:
Denbury is focusing on monetizing stranded oil from depleted oilfields in the United States.
The company achieves this using the large-scale injection and sweep of carbon dioxide ((CO2)) through reservoirs.
Using this technique, Denbury has managed to squeeze out oil from oil fields that have stopped producing from the traditional methods.
Using this injection technique has enabled the company's operating cost to be as low as $23 per barrel, which is why it is expected to survive the drop in oil prices.
It has cut down its capital expenditure by more than 50% to $550 million in 2015. This proactive measure should help the company improve liquidity position, which can be utilized to tap potential opportunities in the future.
It is using 4D Seismic technology in order to enhance its CO2 flooding. This 4D model is improving its reservoir surveillance and geology descriptions. "
Timothy Smith
We have a problem with $BHGI. There is significant shorting going on recently. I suggest everybody pull their bids until this turns around. Just look at this shit......my guess it's GLED:
Yes, these are the TOXIC CONVERTABLE NOTES I HAVE BEEN POSTING ABOUT
Many penny stocks have SCAMMED INVESTORS USING THIS "trick"
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
THERE IS ANOTHER 50,000,000 shares coming available from the management agreement!
Brian S John and Richard Miller are sellers of one million shares of BHGI
50,000,000 shares in this agreement, 10,000,000 are already free trading!
Hummm....for a cosmetics agreement.
ANOTHER 10,000,000 will be free trading come October, 2015!
In connection with the Purchase Agreement and the Company’s change in operational focus to developing the products related to the Cosmetic Assets, on October 1, 2014, the Company entered into a Management Services Agreement (the “Services Agreement”) pursuant to which it appointed Palm Desert Management Inc. as the services provider (the “Service Provider”) to provide certain advisory and consulting services to the Company. The Services Agreement expires (1) year after the date of the Services Agreement, with automatic yearly renewals on each anniversary date, for a maximum of five (5) years total; provided, however, that the Services Agreement may be terminated at any upon mutual agreement of the Company and the Service Provider. Under the Services Agreement the Service Provider agreed to provide the Company with business and organizational strategy, financial and investment management and advisory services, seek, screen and negotiate with management personnel, and perform such other tasks as the board of directors of the Company (the “Board”) or the Company officers may reasonably request from time to time, as well as investment, financial, strategic and corporate advisory services in connection with (i) the closing of operational transactions deemed advisable by the Board, and (ii) any other merger, acquisition, recapitalization, divestiture, financing, refinancing or other similar transaction in which the Company may be, or may consider becoming, involved (collectively, the “Services”). As consideration for the Service, the Company issued to the Service Provider an aggregate management fee, for the five years of Services contemplated by the Services Agreement, in an amount equal of fifty million (50,000,000) shares of Common Stock (the "Management Fee"). The first one-fifth of the Management Fee vested immediately with the Services Provider and the remaining amount is subject to claw back in the event the Services Agreement is terminated prior to its 5th anniversary. As a result of the issuance of the Management Fee, the Service Provider became the largest shareholder of the Company.
ANOTHER MILLION SHARES HITTING THE MARKET!
Not a time to be buying!
CLEARLY, THE FINANCIALS SIGNED ON AUGUST 12, 2015 MAKE NOT MENTION OF THIS BUSINESS!
The same financials have no subsequent events.
Are these FALSE press releases?
Sure appears to be a SCAM, or the company is FILING FRAUDULENT FINANCIALS WITH FINRA!
More from the current financials....
4. NOTES PAYABLE
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
Another 7,200,000 share converted in August.
WOW, OVER 24 million shares converted already!
Hummm.....here's some more on the Cosmetics.....
Beverly Hills Group, Inc. (“the Company”) was incorporated in the State of Nevada on March 2, 2000 as The Motion Picture Hall of Fame, Inc. in order to create, develop and manage a themed attraction dedicated to the history and art of making motion pictures, and to create, build and maintain a Motion Picture Hall of Fame (the “Themed Attraction Business”). On August 22 2014, the Company acquired assets and intellectual property related to a line of beauty and skin care and Nutraceuticals products (the “Cosmetic Assets”) that the Company intends to launch under the name “Latitud 32.” The Company intends to use these products as a base line portfolio and to continue researching, developing and launching natural ingredient products. Immediately after acquiring the Cosmetic Assets, the Company sold all assets and intellectual property related to the Themed Attraction Business. Accordingly, the Company changed its operational focus to developing the products related to the Cosmetic Assets and discontinued its operation in the Themed Attraction Business upon transfer the related assets and intellectual property (see Note 9).
Yet NO REVENUES.....
HUMMM....is this a joke? This company has no direction.
On August 22, 2014, Beverly Hills Group acquired from a third party certain intangible assets pertaining to skin care and beauty products created by seller that the Company plans to manufacture and market. Under the terms of the agreement the Company is to issue seller 50,000 shares of its common stock. Seller agreed to execute a lock up agreement restricting the sale of the common shares purchased to no more than 10,000 shares during each of the three month period for a total of the twelve months beginning at the closing date and no more than 20,000 shares during a three month period for the next twelve month period. The lock up agreement terminates 24 months from the closing date.
The Company valued the intangible assets at the $37,500, based upon the trading price of the 50,000 shares on the closing date of $0.75 per share. As the intangible assets have no defined life, the intangible assets acquired are not subject to amortization.
Are they really into the MLM Cosmetics or did they waste 50,000 shares? Why not revenues since August 22, 2014?
Maybe they can 8-k this one!
ANOTHER 5,790,000 shares issued at .0025 on April 6, 2015
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
This would be a good 8-k, it would alert FINRA of the massive share conversion happening.
5,081,734 shares converted at .0025 a share on January 6, 2015
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
Might be a good sticky, too.
The Complaint, filed in Nevada, alleges multiple causes of action, including breach of contract and breach of fiduciary duty by Sichenzia Ross Friedman Ference and Mr. Ocasio.
Darrin M. Ocasio, Esq. Sichenzia Ross Friedman Ference
HENDERSON, Nev., July 8 /PRNewswire-FirstCall/ -- Beyond Commerce, Inc. (www.beyondcommerce.com) (OTC Bulletin Board: BYOC) today filed a lawsuit against Sichenzia Ross Friedman Ference, LLP (www.srffllp.com) and Darrin M. Ocasio, Esq. The complaint outlines allegations that Sichenzia Ross Friedman Ference and Mr. Ocasio are liable for permanently and intentionally damaging Beyond Commerce costing the company millions of dollars in lost business and revenues. Beyond Commerce will be seeking damages accordingly. (Case number: a-10-620267-c, Beyond Commerce, Inc., a Nevada corporation vs. Sichenzia, Ross, Friedman, Ference, LLP a business entity form unknown; Darrin M. Ocasio, an individual; and does 1 through 100, inclusive court of record: District Court; Clark County, Nevada)
The Complaint, filed in Nevada, alleges multiple causes of action, including breach of contract and breach of fiduciary duty by Sichenzia Ross Friedman Ference and Mr. Ocasio.
Beyond Commerce is continuing the process of evaluating additional lawsuits against other parties involved that may have contributed to the destruction of more than $75 million of market value and damages to its shareholders and employees.
The flagship wholly owned subsidiary of Beyond Commerce was LocalAdLink, Inc. which was a leading advertising company in its market sector. Because of its market niche and explosive growth, LocalAdLink had significant momentum and growing market share but the company was allegedly destroyed by the nefarious acts of others.
CEO Robert McNulty stated that, "The damages that were caused by the recklessness and greed of others are enormous and beyond comprehension; however, I do believe that the parties involved will be found liable for damages to the company."
So what does this say about the law firm?
Law Office of Gene E. O'Brien
74040 US Hwy 111 # 212
Palm Desert, CA 92260
Map it Phone Number: (760) 340-5200
Fax Number: (760) 340-5233
e-mail: gene@geneobrienlaw.com
County: Riverside
Undergraduate School: Univ of Nevada; NV
District: District 4
Sections: None Law School: California Western SOL; San Diego CA
Status History
Effective Date Status Change
Present Active
9/4/2014 Active
6/12/2014 Not Eligible To Practice Law
10/23/2006 Active
9/16/2003 Not Eligible To Practice Law
1/18/2001 Active
9/27/1999 Not Eligible To Practice Law
11/25/1996 Active
7/31/1995 Not Eligible To Practice Law
2/7/1990 Active
7/25/1988 Not Eligible To Practice Law
2/10/1986 Active
8/5/1985 Not Eligible To Practice Law
12/1/1981 Admitted to The State Bar of California
Explanation of member status
GENE EDWIN O’BRIEN [#99524], 63, of Palm Desert, was suspended for one year, stayed, placed on two years’ probation with an actual 30-day suspension and ordered to take the MPRE. The order took effect June 12, 2014.
The State Bar Court found O’Brien culpable of four counts of misconduct in a single client matter: failing to perform legal services with competence, communicate, return unearned fees or to account. In August 2010, a woman hired O’Brien to file a lawsuit against her lender for predatory lending. The following month, she hired him to file another action against her niece in a real estate fraud matter. She paid O’Brien $10,000 to handle both matters.
In March 2011, the client emailed O’Brien asking for an update on the matters, but got no response. Over the next few months, she called him 33 times seeking an update on the lawsuits and left several voicemail messages. In August 2011, she met with O’Brien, who told her he would file the lawsuits the following month. He never did.
O’Brien made several other promises to file the lawsuits and even brought in a second attorney who is an expert in predatory lending practices, but did not file anything on her behalf in 2012.
In 2013, after the State Bar filed a notice of disciplinary charges against him, O’Brien filed an action in San Bernardino County Superior Court. On June 22, 2013, he refunded the $5,000 his client paid for the legal action against her niece.
Wrong! An unaffiliated note holder from 2002, 13 years ago, NOT affiliated with management is getting over $10,000,000 from fleecing current shareholders.
Wrong again, the proposed acquisition does NOT have $4.75 million in gross profit. They are reported to have $4.75 million in sales, NOT GROSS PROFIT.
It is flawed DD that cost investors money. It is important to know the facts and do your own DD.
Sounds like a very good deal to me! $10m worth of stock to acquire companies worth a verified and audited $35 million in hard assets, currently brining in a gross profit of $4.75 million per year!
Did you really think BHGI is acquiring tens of millions in assets for free? LMFAO!
$10.63 book value
With oil prices bottoming out, time to load up on this one
Can the moderators place post 1000 as a sticky, that way I don't have to keep posting this on a daily basis.
Thanks for the cooperation and making others aware of what is happening here.
RED ALERT! RED ALERT! RED ALERT!
THIS STOCK IS A BIG SCAM.
HUGE PROMOTION GOING ON.
BEWARE! BEWARE! BEWARE!
THOSE PESKY CONVERTIBLE NOTES PAYABLE BEING CONVERTED AT .0025 A SHARE. MILLIONS BEING CONVERTED!!! OVER 24.4 MILLION SHARES SINCE JANUARY 2015.
In August 2002, the Company received a loan from an unrelated individual amounting to $180,000. Interest on this loan is $1,050 per month and payable monthly. The loan was due and payable on October 30, 2007. In May 2014, the Company issued a replacement convertible promissory note to the holder of this debt in the principal amount of $335,850, reflecting the principal and accrued interest of the August 2002 note payable through March 31, 2014. The convertible promissory note accrues interest at 6% per annum and permits the holder to convert principal and accrued interest, subject to a 9.99% ownership limitation, into shares or common stock at a conversion price of $0.0025 per share.
On November 15, 2014, the Company received a conversion notice requesting the issuance of 5,081,734 shares upon conversion of $12,704.34 of the note’s outstanding balance, leaving a principle amount of $323,145.66. The Company issued out 5,081,734 shares on January 6, 2015.
On April 6 2015, the Company received a conversion notice requesting the issuance of 5,790,000 shares upon conversion of $14,475.00 of the note’s outstanding balance, leaving a principle amount of $308,670.66. The Company issued out 5,790,000 shares on April 6, 2015.
On June 19, 2015, the Company received a conversion notice requesting the issuance of 6,315,200 shares upon conversion of $15,788.00 of the note’s outstanding balance, leaving a principle amount of $292,882.66. The Company issued out 6,315,200 shares on June 19, 2015.
On Aug 7, 2015 ANOTHER 7,230,000 shares issued!
THIS IS A SCAM WITH TOXIC CONVERTABLE NOTES!
MAJOR DILLUTION GOING ON!!!!
10 BILLION IN ASSETS, 4 BILLION IN EQUITY
This is one OTC PINK TO AVOID!
Scam is TOXIC CONVERTABLE NOTE, conversion at .0025.
The note was "renegotiated" from a $1050/month payment to a fraction of a penny share conversion just before relaunching the stock from grey to pink,
Note holder converted 24 million shares already, valued at over $10 MILLION, in exchange for $60,000 of debt!
BUYER BEWARE!
All the signs of a penny stock scam!!!