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You really don't follow the SEC much do you? It took them over a year to file charges against SPNG.
You are correct which is also why every pink is looked at as suspect first and real second. The majority of all pinks are garbage stocks with a con behind them.
Any ideas why the company has had several material events take place since their last filing in August but no 8-K material event has been filed?
The company sold off businesses but never reported the deals or reported the sales to the SEC.
The company settled a lawsuit and yet the defendant filed a material event 8-K but this company did not.
Say what you will but for this new CEO to dig himself out of the lack of credibility stage in the pinkies, he should start making the necessary LEGAL filings. Any idea why he ignores these details required of a public company? their quarterly filings are only thru Dec 31, 2009. Any idea when the rest will be filed?
you don't know what the SEC is doing as BEDA has not announced that their investigation is concluded. The SEC doesn't announce anything except that they are bringing charges but companies who report that an SEC investigation that opens do announce when they are cleared.
Stocks usually trade at a PPS commensurate with their revenues and their share structure. Do you know what the present share structure is? Any idea what Ault's termination package was? Any idea what the new CEO received in taking over this company and it's prior share structure?
Chris did attend University of Oklahoma. I believe he was even in a fraternity.
lets have the number YOU called.
http://moneyinoil.com/dir-k.html
you got it, all those short sales you were hammering about were really shares sold by the investment firm Bederra issued shares to and offered a legal opinion letter taking off the restriction tag. That makes BEDA guilty of being involved in the sale of unregistered securities since BEDA is the one that is responsible for the opinion letter.
This Origin ID belongs to KEPCO Operating Inc. right? did CoreStream state that this was their well somewhere or did somebody make up this relationship?
Have you compared this KEPCO out of Texas to the KEPCO that Chris Rainbolt works for out of Oklahoma? If you compare the staff members identified, none match up - NONE!
Tried calling KEPCO Operating today to see what their relationship was with Rainbolt/CoreStream but could not get thru.
I would think that with so many people here invested that somebody would have actually gone so far as to get a hard confirmation that the two are linked from an independent party.
Really? Not from where I sit.
1. Lawsuit did not yield a $2.4 Million cash infusion into the company.
2. The change in management was not throwing out the old and bringing in the new as the old and new have a close working relationship. Rainbolt worked with/for Ault.
3. Until you can prove me wrong, Chris Rainbolt did not get a degree from the University of Oklahoma thus skewering your H.E. Rainbolt relationship.
4. Chris Rainbolt's mother is Myrna Rainbolt who lived in California for most of her life dispelling any claims that H.E. Rainbolt mentored this kid in his youth.
5. The Managing Director role of Rainbolt was working for a company called Capstone at a time when Capstone was committing fraud.
So where was I wrong?
wrong and all you had to do was make the call and you would have received the same response I did. The University of Oklahoma (Sooners) have no record of a Chris/Christopher Rainbolt receiving a degree from that school.
To get the results you get to the main switchboard, ask for the records department, and then ask to speak to Amanda to get a confirmation on a degree being received by an individual. I presented Amanda with my concerns that the CEO of a public company put in a press release that he had received a degree in Finance from Oklahoma University. I told her that i thought it was odd to see it referred to as Oklahoma University instead of University of Oklahoma and she referred to the OU acronym used. I stated how another executive's resume stated University of Oklahoma in the same release and the difference peeked my interest on the credentials of this CEO. She then proceeded to look up all Chris/Christopher options and stated that no Chris/Christopher Rainbolt had EVER graduated from OU. They must do the same every day from those who must conduct background checks on prospective employees.
Now before you call me a liar again - actually do the checking.
You realize that every employer today calls up a University and confirms that such individual did in fact earn a degree there. It is called a background check It is the transcripts that are private, not teh confirmation of a degree.
Make the call and ask for yourself. Gave number and gave name. prove me wrong.
More info on Chris Rainbolt
I contacted the University of Oklahoma 405-325-0000 and spoke with an Amanda in Records. She has confirmed to me that there has never been a Chris or Christopher Rainbolt that has graduated from that University - EVER.
I then discribed the manner in which it was presented in teh press release Oklahoma University and asked if there was another Oklahoma University that I could check into and she said they are the only one unless you go to Oklahoma State University.
As for that Kepco link that has been used here, I am not certain they are the smae one or even linked to Chris Rainbolt at this time. Still searching.
www.aultglazer.com - Ault Glazer & Co., Inc. Chris Rainbolt, 310-420-3541 In third graph, second sentence of release, URL for Adult Entertainment Capital Corporation, Inc. should read:
http://www.pr-inside.com/correcting-and-replacing-ault-glazer-amp-r788796.htm
http://www.istockanalyst.com/article/viewiStockNews/articleid/2379288
E-Mail is still active.
crainbolt@aultglazer.com
This IS the hedge fund Rainbolt is referring to when he touts his credentials in the press release.
And that Managing Director role was done at Capstone Investments during a period in time when Capstone was defrauding clients and was issued a cease and desist along with other charges in the State of Washington.
It was a leap created because Rainbolt worked for Kepco.
Gee I thought this company put 60 wells into production, is cash flow positive, and has zero debt. That is what the DD here has stated.
How many ways would you like to have the $500.00 in trade broken up? I am sure if there were a bunch of $10.00 trades hitting the tape there would be calls for manipulation.
you mean nobody could intercept the $500.00 in trade volume today?
Actually, I thought boards like this were to discuss research and risks. Bringing forward the real life facts about the inter-relationship between the old ZLUS management and the new ZLUS management to me is as important as bringing up unsupported innuendos about H.E. Rainbolt, Boone Pickins, and 60 non-existent wells of completely unproven production levels.
Actually, This is the company i was referring to:
MVNO MOBILE VIRTUAL NETWORK OPERATOR CORP., a Canada Business
Corporations Act (CBCA) Company (herein the "MVNO"), having its
address for service at Suite 101 - 349 Columbia Street, New Westminster, BC V3L 5T6
http://sec.gov/Archives/edgar/data/1383088/000116552710000901/ex10-1.txt
MVNO Mobile Virtual Network Operator Corp.
By /s/ Gary Campbell
----------------------------
Gary Campbell,
President
Yea, the same company that hasn't even produced one working well, and can't afford the $1000 registration fee, is now up to 60 wells. LMAO
well as i see it, if duchamp had paid closer attention to me than the "investors" he wouldn't be so frustrated and getting attacked by a Mod.
I suggest you go back and look at the Ault/Rainbolt Connection.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58461383
You are only allowed to promote positive vibes here regardless of the true circumstances. showing concern is opening yourself up to public attacks.
maybe the sellers are getting an early start on next years tax loss sales.
nope.
Did you also already know that Rainbolt has already been under employment of Zealous (ZLUS)?
http://www.pr-inside.com/ault-glazer-amp-co-inc-names-r787644.htm
Yea but the new CEO is an Ault prodigy. you did see where Chris worked for Ault only recently. so much for new ZLUS getting away from old ZLUS.
http://www.pr-inside.com/ault-glazer-amp-co-inc-names-r787644.htm
but not the cash to keep their registration current?
Interesting the amount of anger coming from just detailing more about the career of your new CEO. Based on the research on mother Myrna she too spent a great deal of her life listed as a California residence.
Just wondering how much mentoring comes from a very distant uncle or beyond in what is clearly a large family.
BTW...Why did Rainbolt Consulting Group fail so miserably? You would have thought there would be some "aid" coming his way in a start up but the numbers don't match the hype (2 employees and $110,000 in annual sales).
Chris Rainbolt, 44
Blossom Valley, CA; El Cajon, CA; Hermosa Beach, CA; La Jolla, CA; Manhattan Beach, CA; Mountain View, CA; Redondo Beach, CA; San Diego, CA; Seal Beach, CA; Albuquerque, NM; Cordell, OK; Norman, OK (Doesn't look like he spent much time with H.E. Rainbolt)
Christopher Pryor Rainbolt, Jeffrey D Rainbolt, Myrna L Rainbolt, Zonelle Z Rainbolt, Charles Power Rainbolt, Sharra S Rainbolt, Rainbolt Myrna Turner, Michael Power Rainbolt
More info at:http://radaris.com/p/Chris/Rainbolt/
http://radaris.com/p/Chris/Rainbolt/
rough financial year? I read a post that said debt free AND cash on hand. They purchased a 75% stake and are in the drilling phase and yet they can't pay the fee? Hmmmmm. Do you know what those fees are? default since....
wow, check again. If you open up the companies your new executive and ault show up.
So you were aware that Ault and Rainbolt have worked together and that the successful "Fund of Fund" that Rainbolt put into his resume as part of the PR was in fact a bankrupt Ault fund (i.e. ZLUS).
That investment banking gig on his resume is equally misleading when you research Capstone Investments out of San Diego (note, there are more than one so get the right one).
gee and all this talk of it being good to rid yourself of the Ault/Glazer crap. No wonder Ault walked away and went to another corrupt firm (Angel Acquisitions) and why Angel Acquisitions, CoreStream, Zeaklous, etc...all signed off on that lawsuit settlement.
did anybody check out the status of CoreStream?
http://nvsos.gov/sosentitysearch/CorpSearch.aspx
Two entries:
Merger Dissolved
Default
You are getting close. almost.
Just want to understand what is so special about Rainbolt and how he came to ZLUS. Does anybody know?
Well i thought I would get the response that in with the new and out with the old with regards to management. isn't that what everybody keeps saying - as if Ault and co. are a cancer.
Really curious how much DD was done on Rainbolt or whether everybody simply stopped looking after they came up with HE Rainbolt.
Hey, so why is it a good thing ZLUS is being managed by Chris and where exactly did he come from?
So how does BEDA pay for operations? They have yet to turn a profit and now they hire another consultant. With what money?