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I was postin about additional HLNT problems comin soon.
Your attempt to seperate accounting standards and business law is pretty funny. One exists to govern the other. You'll soon learn more about their interrelationship. The questions Humphries is gonna have ta field is "what relationship did you have with Mel Robinson and Charles Foster?" "Were either involved in the decision makin process at Systems Evolution?" Humphries will have one chance to come clean. The Feds will be following the share and settlement agreements at HLNT. The consideration position you want to take is a two edged sword. As I said a few posts back. The boys had better be doin the whiteboard "what if" director meetins. My tip would be "think Southern Dist. New York Style which has a zero resembance to Western Arkansas." Their old dog won't hunt in NY.
I know how it's used sparky.
It's you who needs to worry about consideration as it applies to the HLNT subsidiary aqusititions consideration. Are ya sure this is a subject ya want to discuss?
http://books.google.com/books?id=VJX_2csGs5oC&pg=PT107&lpg=PT107&dq=subsidiary+acquisition+consideration+fraud&source=bl&ots=Se14Lzs6qG&sig=udqA8qSIk7NCbpxSFjyPxgMfH8k&hl=en&ei=Dt1QTdvxM4-0sAPlmt3bBg&sa=X&oi=book_result&ct=result&resnum=4&sqi=2&ved=0CDEQ6AEwAw#v=onepage&q=subsidiary%20acquisition%20consideration%20fraud&f=false
NIR's gonna be dealin with plenty Sparky. I personally can't wait to hear what your ex CEO has in the waqy of dirt. I'm hopin him and Corey got together and planned a huge shortin game with every company NIR funded. Hope Dworkin, Yellen, Epstein and Humphries come up with the exact same story and have some hard evidence ta prove it all.
My 1 for 30 reverse posts were based on the debt load and share count I saw at HLNT. I don't really care what they do. Increase the AS ta 20 billion, who cares? Tell ya what they'd better do right now. Better have some white board number crunchin Board of directors meetins real fast. Why don't you take some time and tell me how they're gonna pay the debt. I really don't think it's gonna matter. Your directors are gonna have some serious legal problems as I see it that are gonna shut down the trip before it even gets started. Maybe NIR will get there first, who knows. If so you can expect a Scott Sand clone ta be runnin that show real soon. Sand got arrested in the same sting as your boys. He should be talkin to.
I was gonna answer that weird threat post from joseywales but it got deleted. Too bad. I was gonna tell the dude how I came across his company. I don't think he woulda liked the story but somme a the DD boys here might actually have found it kinda interestin. These dudes that are in a panic about NIR takin HLNT ta court over the company default are actually gettin me more interested in their game. Ribotsky has ta be shakin in his boots over this outfit.
This is the typical nonsense post question I refer to.
"Is it possible that when HLNT wins a controlling 51% share judgement against NIR, will NIR just be dissolved as a corporation and it's assets added to HLNT's bottom line?"
josey, brighten up dude.
I believe you can read, so do a little. Talkin about NIR employees on this board makes ya look like an id--t. Go back several years and see who's said what about NIR. All long before we even heard of the HLNT scam. All of the posters here do solid dd and post their opinion on NIR, NIR games, NIR associates, NIR court cases, and everythin else NIR. All of us are glad that your ex CEO is gonna testify on his NIR relationship. He's pled guilty to fraud involving several companies he's directed. He did so with the new CEO at HLNT, Mel Robinson. Another convicted felon with a long history of corruption. The dudes on this board do their dd and if they even care they'll know all about Robinson and his group in two hours worth of DD. The dude jumps from one game to the next and your testifying CEO appointed him as the sole director when scam artist CEO #1 got arrested.
Now go over and read the posts on the HLNT board. All it is are deceptive posts pumpin this guy Robinsons game. Anyone like Hugh or Xray who posts facts or asks solid questions about the company or posts facts is either attacked or deleted. I had over 50 informative posts deleted on that board. YOU DUDES ARE TRYIN TA HIDE THE FACTS.
Flash gave you some good advice on NIR. You better go inta that fight with more than "Cory's a bad guy cause Forbes said so" as a defense. Your case is gonna revolve around the docs your CEO signed. You seem to think emails from your CEO to Corey have some weight. It looks to me like HLNT needs to sue it's CEO it put in place. Corey didn't make the decisions, your CEO did. NIR sent your scammer hard money and he signed Convertable Notes. I hope he has more to say about NIR when he testifies.
Here's your biggest hurdle pal. The courts are leaning toward the NIR investors not the companies they funded. You blab on about Madoff and make yourself look foolish. Madoff was also about the investors that got scammed. No court on NY is gonna look at HLNT and it's history and rule that they get to walk away from a hard money loan and screw NIR investors again. Corey has already done that and the court won't let it happen again. HLNT is gonna get toasted because it's as bad as NIR, just a smaller version. At the end of the day the court is gonna find that both CEOs were screwin their fiduciaries. HLNT is playin stock games and NIR is playin with their investors money. Guess who's gonna get protected josey? It's gonna be the folks that invested money with Corey. Ya all better plan for that. Thinkin your notes are gonna go away is a PIPE dream. You're not the first ta have that dream.
Ribotsky made the "rat list" too funny. Is he Biggie Rat?
Can't wait to see Rat Boy go at it with the Rat Pack from HLNT. I'm pickin the city rat ta ko the country rats in round one. They all better hurry up cause this dude Steven Humphries is gonna rat on all of em. Rat Dworkin style. Once these dudes are lookin at prison time they don't seem ta give a rat's ass who they rat out.
Come on now Sparky.
NIR could care less about Whalehaven. NIR will look at the terms of the Convertable Notes like always rest their case on those terms. If the CEO put in place by the Systems Evolution Board of Directors signed the notes that's all they'll need. Unless Humphries has some major dirt he wants to deal with. Problem is he'll have spilled it all before the NIR case gets to trial.
Your claim about the HLNT preferred shares not bein tradeable is nonsense. They HLNT preferred shares convert to common at a rate of 1 preferred for 10 c ommon. That happens at the descretion of the holder. You can bet that Whalehave now holds preferred shares.
NIR doesn't care about the whalehaven dumpin of shares. I've already posted here on how the NIR convertable note model works. If the pps drops, NIR just gets more shares. It's HLNT that will be studying the Whalehaven effect not NIR.
You can bet your ass there will be a change in the HLNT share structure. I posted several months ago about a 1 for 30 reverse I expect. You and your buddies went bananas when I posted it. I suspect you all see it through different light now. HLNT is still tryin ta settle with another Hedge Fund right now. Don't bother me with any of your cash payment claims. We both know better. HLNT isn't even gonna be able ta handle attorney fees much less cash settlements. You tell me what you expect Sparky. They have no more common shares ta use. Despite what you'd like readers to believe they also have no chance of walkin away from the NIR debt. They have 3 options I see. Bankruptcy, increase the AS to over 10 billion shares or do a massive reverse.
90 days should be a good test of my theory. Just like 90 days ago when I saw today. Don't bet against me Sparky. I have a way of seein things before they happen. I already know where this is goin.
Here's a quote Sparky. Right from HLNT's PR. Looks ta me like Whalehaven had a cash offer they refused. Too low. Also says they wanted common shares. Notice that the 105 million shares are not described as common. However the new class of preferred shares do convert to common at 1 preferred for 10 common. Looks ta me like someone didn't want to designate which class the 105 million shares were in. See if the company can pub lish another PR on the status of the preferred class of shares and that the 105 million shares issued to Whalehaven were not of that preferred class. A little claifification thing for us, Sparky. Also looks like they had Whalehaven all wrapped up with NIR and then fell off that soapbox real fast when it came ta nuy cuttin time. You keep tellin me that Whalehaven doesn't want cash too Sparky. That one is real beauty. Maybe they found a fairyland where they use share certs. for cash.
"HTI management worked diligently with the Whalehaven partners to agree upon a settlement that was acceptable to both parties. Whalehaven Fund would only agree on a settlement which consisted of repayment with shares of the company's common stock. HTI CEO Charlton Coats stated, "This lawsuit was unfortunate, but we have to accept their position on a settlement of shares rather than cash. HTI contested the note based on the assumption that it was directly tied to the NIR lawsuit. However, at this time and after exhaustive research, we concluded that Whalehaven's claims to the validity of this particular original note were legitimate. The issuance of 105,000,000 (one-hundred and five million) shares satisfies the debt in full. Both parties have filed the appropriate documents with the courts notifying them we have reached a settlement and wish to have this lawsuit quashed. Our management team and board of directors felt that it was in the best interest of our company and protecting our shareholders from any other possible unforeseen outcomes."
You say "seems to me" way too much for a dude that always claims I'm just givin my opinion like that's a bad thing. Here's my opinion sparky. Whalehaven had a tough choice. Take shares or watch HLNT stop everythin with a bankruptcy filin. I also think they received preferred shares. Was takin those shares an act of confidence? Hell no. They are dumpin shares as we speak before NIR sinks that boat. Try dumpin millions of shares Sparky and see where that pps goes. Whalehaven is gonna get their funds due. You can post your opinion all ya want on the math. It don't hold water. The folks readin this board are Hedge Fund smart. Thr funds don't lend hard money a settle on a share gamble. Whalehaven knows there is no security and that they better get gettin while the gettin is good. When NIR figures out that their security is worth zip they'll be takin over a new shell. You keep that pie in the sky bs comin though dude. It's fun ta read. go tell them readers on the HLNT board that whalehaven thinks HLNT is gonna kick the crp outta NIR and didn't want cash cause they see the pps goin to a buck. Kinda like you've been doin while it drops every week. Guess that's your opinion though, aint it sparky?
Info per the Sec of state is that it would show if it had existed and was changed to a corp.
I'd like to do DD on those preferred shares Nik.
Problem is I did and they ammended the company article so they don't have to report on those shares. By report, I mean to the Transfer Agent. In fact they don't report at all except for the common shares that must be reported to the TA. So there ya have it Nik. HLNT is tryin ta hide all they can.
I do know from goin to the Idaho Sec of State site the following. HLNT increased those preferred shares that convert to common at 1 for 10 and then don't get reflected in the IS4 times in 2010 alone. Where those shares goin Nik?
incoming hugh.
Let me know if ya received and your take when finished lookin over the docs. Do ya wonder why these companies don't file?
Hugh.
Give me your email address again. I'll email ya some interestin facts regardin the Mark Silva, Hoss Motorsports Inc. v China Off Road Products case. None of the companies in the exhibits filed by HLNT ever existed. In fact Hoss Motorsports Inc. which filed the case and makes all the claims of it's actions and contracts didn't even exist until a year after the Primary asset purchase Agreement was signed. Seems Hoss is making claims of their actions prior to existing. They are using doce/exhibits to prove that nonsense claim that were entenered into by companies with the name Hoss that NEVER EXISTED.
NIR v HLNT.
This should get interestin, fast. I've posted about HLNT cause they're in the same class as NIR. Just a backwoods version.
HLNT just settled another suit filded by another Hedge Fund, Whalehaven. The posters on the HLNT board seem to think or want to pretend that this is a sign thst HLNT will beat NIR in court. Thgey are making the claim that since Whalehaven settled for shares it's means whalehaven didn't want cash, will hold the shares and that Whalehaven in doin so believes HLNT will beat NIR in court.
It's a shame that some can be so deceptive or dumb that they would believe any of this nonsense. Whalehaven is a Hedge Fund. Their note gives those they fund the option to pay with shares at a deep discount. The court would uphold that option but force HLNT to pay interest and all attorney fees as contained in Convrt. Notes. Hlnt showed 14k dollars in their bank account so the cash option was pretty funny to even think about. So HLNT settled for 105+ million shares valued at 2.5 + times the original note. I'll be interested to see how many of these are a new preferred class of shares that convert to common at 1 for 10.
This is all of interest because HLNT is in court with NIR over debt that is about 40 times that of Whalehaven. Their claim in that suit revolves around the fact that they believe their own CEO worked deals with NIR. HAVE WE HEARD THIS ONE BEFORE? The other interestin aspect of this is that the HLNT CEO was caught in the same FBI sting opperation that caught actor Larry Wilcox. The CEO is steven Humphries and he is cooperating with the FBI as did Wilcox who received no prison time. The message is loud and clear to Humphries "come up with the goods and you may walk". By the way, after Humphries was caught he named another convicted fraud felon named Mel Robinson as the only company director. Robinson they named his buddies from past deals as additional directors. this well known little Arkansas group then played the Humphries arrest as gettin rid of the past bad guy and now the good guys are in place. YA RIGHT. The group then voted in a class of 100 million preferred shares that convert to common at 1 for 10. A PR'd that they would never increase the company A/S or do a reverse. Now a 105 million shares went to Whalehaven, maybe the preferred and they are in court with NIR regardin over 6 million in Convertable Notes.
Read their board comments and all this is being pumped as a good sign. There's plenty more with this company HLNT. The new groups history is to create debt with lawsuits and the settle with shares. I'll be watchin this one close as are others. This board should watch the NIR v HLNT case close as well as the Humphries testimony on NIR. This one is gonna get good.
Just cause ya sell dogfood doesn't mean ya created dogs.
There's two sides ta every deal. The problem is not the systems that allows Hedge Funds terms or the how the companies pay debt. It's the people involved.
yep and the need ta understand how Hedge Funds work so they don't fall prey to the insider efforts.
There are still ways to win but it's beyond the scope of my goodwill offerin. I find it unwise to tell folks how to invest or where. I'm just a theoretical kinda dude that doesn't like stupidity, ya might say. That seems to get me involved with those who are stupid as well as those that have a beef or agenda regardin those types. I usually end up talkin about companies like HLNT by means of the back door. By that I mean I don't look at them as an investment play but instead am usually lookin at the people involved.
Hey Joe that's a 100% gain.
Savy investor in pink land will buy all day at .0001. What's the downside? Next day ya might be lookin at .0002 and that looks like a 100% gain ta me.
Hugh, I see that some of your postin friends on another board have no idea how a Convertable Note works. Whalehaven, NIR or whoever, it doesn't matter. Some think these hedge funds just get shares, sit on them or sell and that's it. I know you know the drill well but thought I'd help others understand how it works. I see you've been talkin about a settlement agreement entered into by NIR funded company HLNT and Whalehaven Fund. The HLNT posters don't have a clue how that's done. NIR has the same company HLNT in court over a huge dollar convertable note or notes.
It works like this. Hedge Funds lend money to the company at a reasonable interest rate. Say 8% on a two year note. In 6 months the Hedge Fund wants payments in shares (see rule 144) or cash payments. I've not seen one Pink company yet that paid in cash. They always pay in shares.
The share payment discount works like this. The Hedge Fund has a discount clause regardin share payment. That's usually 50% t0 70% discount off of bid calculated on a 20 day trailing daily pps average. In simple terms it's done like this. The Fund takes the lowest traded pps for 3 days of the last 20-30 tradin days. They average that amount. Let's say a company traded for 20 days and the lowest trades for 3 of those days was .01, .009 and .011. The average of those is .01. Now the Hedge Funds takes 60% off that average. That equals .004. So now the Hedge Fund converts/receives those shares. Usually just under the 5% insider amount of the I/S.
The Hedge Fund can't lose. That's the hedge. They almost always dumb the shares the next 3 days if possible and then repeat the conversion process always stayin just under the 5% insider shares owned amount.
It's nonsense when poisters like the HLNT group say that the fund will hold the shares. That's not what hedge funds do. They can't hold over 5% and not be insiders and then be governed by insider rules. They dump the shares. Once dumped they convert again and don't care what the pps is because they go by their discount formula. Anyone speculatin on Hedge Fund activity better understand the Hedge Fund Business Model. It doesn't change from fund to fund and investors had better understand how it works. Any board with posters saying a Fund is gonna hold shares is simply trying to intice new buyers, also called pumping. After all, if you don't have buyers when the converted shares are sold the pps dives fast.
Going ta bed?
That was a good idea. you're already in DREAMLAND.
What the hell are you talkin about?
Doesn't matter? What doesn't matter? Humphries is gonna talk about his companies and NIR Group. He turned HLNT over to Mel Robinson who is a humphries on steriods. Public companies don't get brought out unless the seller has equity control. What was Humphries' equity position in each of the 3? What's my inability to pm mean in any of this? I get pm's bout everyday. Lots a dd info. They send it for a reason. If they want it kept private they say so. If it's public info post it. If the writer asks ya ta keep it private, do that.
Fall on his swoed for Mel?
What are you on dude. Humphries will talk for one reason and one only. So he'll serve less time in prison. you seem to think I'm worried about some engine and have a bone ta pick because of that. Ya aint gettin it yet dude. I had the real engine people call HLNT which was Systems Evolution for one reason. to see if they had any clue at all about the technology they were pumpin. they didn't. Robinson has been watched for a long time. Humphries was dumb enough to get hook up with Robinson, be the fall guy for em and tried to arrange a securities fraud game with the FBI sting team. You're dealin with some of the dumbest clowns possible, pal.
Hugh.
I see you and xray are talkin about Hossusa on the HLNT site. For those that don't know HLNT is in court with NIR regardin a convertable note dispute.
The Hoss mess is an interestin DD ouest. If you look over the lawsuit where HlNT director Mark Silva received all assets you'll find that they are playin games with two Hoss companies, both controled by Mel Robinsons buddies, t5he Foster family. Charles Foster was appointed as an HLNT director by Robinson. He resigned and is now claimin a debt due him associated with Hossw. It's a share debt payment game they play. Notice in the Silva suit that they use two Hoss Arkansas entities. Both Foster controlled. The suit has no teeth because the assets are owned by Hoss LLC not Hoss Motor Sports Inc. Look it all over and go to the Arkansas Sec. of state site and look at the Hoss entities. Steven Humphries who is cooperatin with the FBI against NIR and others was part of these deals. Deals that are taken into litigation, make no sense, are partner v partner and are settled with the issue of shares. Just another area where Humphries needs to be questioned and come clean. It's all about Mel Robinson and Charles Foster along with Humphries who has admitted his fraud and awaits sentencing.
HLNT watchers need to watch the billions of preferred shares Robinson and friends created, where they've been issued, new settlement agreements and again the share trail. The game is th create a liability in court usin friendly partners and settle out of court with shares. Now HLNT has made a huge tactical mistake goin ta court with news maker NIR Group. Robinson and his directors have no shares to convert for NIR. Their 2 billion authorized are gone. They've reported they will not raise the AS or do a reverse but secretly created the huge unreported preferred share class. Those were not intended to go to a hedge fund. Robinson and his directors have other plans for those shares. Watch what I'm sayin here. Follow the shares and the Settlement Agreements while they SLOW WALK the NIR suit in order to get those shares to their intended people.
Do some DD on Jim Bolt and Mel Robinson for real examples of the plan I laid out. Robinson and Bolt served time together in El Reno Fed. Pen. where they became partners. Their trail since release has been one of legend. It got them and the attorney they use listed as one of the top 25 scam artists in Arkansas history. See the link below on that and remember that Steven Humphries who was caught in the same sting opperation that nabbed Larry Wilcox the Chips star, is now talkin to the FBI to save his ass from prison as did Wilcox. Post this stuff on the HLNT board and sit back and laugh. They also have a history you'll find of using a blog with dozens of id's to play the game.
http://findarticles.com/p/articles/mi_hb5248/is_12_26/ai_n31567021/pg_7/
There ya go BSWB, you got it.
The 1st qtr. 2008 10Q you linked is one I talked about over a year ago when posters here were askin about the forced consulti agreements. I've posted many times that those that are fishin for info need ta fish where the fish are located. Medgen is the place. Dworkin got a sentencin extension for a reason. To talk about this stuff. The kickbacks. Back when I first posted about this kickback stuff there was no Dworkin testimony. Not too many readers were gettin what I was sayin at that time. Now Dworkin and the Medgen 10Q confirms it all. NIR was shakin down the funded companies through Dworkin. End of story. The investigators need ta read this stuff and smarten up. Why would any comapany pay big bucks to Medgen for consultin for NIR/ Follow that audit trail boys and you'll find what you're lookin for. I said the same thing in 2009.
Wilcox smokes weed too.
Give the clown 5-10 for whatever. Here in Cal. that don't happen often. Weeds cool out here. Humphries needs ta come clean so the companies he put together can rebound. My main interest is his association with Mel Robinson and Systems Evolution. Big scam goin down there. Humphries needs to spill it all or do the time. He's a scared little puppy right now. Tryin ta figure out how much he needs ta spill and what he'll get in return. Systems Evolution is now named Highline Technical Innovations HLNT. Steve's partner in crime Mel Robinson is runnin that game. Steve had better talk hard or he'll do hard time.
That's really great.g
Take that stuff where it belonds. On the Dr. Ruth Show where you get get the personal issuses help ya need. When you're ok with yourselve look inta the scam goin down with the hho company ya seem to want to protect.
Ya do?
That's interestin. Shows me just how screwed up ya are. Who do ya think I post as, josey? This should be good. Better stick to pumpin that hho scam dude. You're doin a fine job. Tell Mel I said howdy.
That's key jj.
No new money and the old pullin out aint good. Too much dirt in print now ta make any investor feel the warm fuzzies about NIR. Bad PR will lead to those "settled outta court" deals. In addition those caught in the stings will spill all to save their ass. Dworkin's claim that he hid the kickbacks etc from Ribotsky means little. Ribotsky put Dworkin in his position as the contact rep from NIR. Dworkin was NIR. NIR forced companies to hire consultanta and deal makers that kicked back borrowed funds to Dworkin (NIR). End of story. Get that from Dworkin, Humphries, Epstein and the rest and run with it. If ya do get shortin and pps manipulation too it's just icing on that cake.
josey, you wouldn't touch this cause you're pissed.
I exposed the felon runnin the hho company you pump and that it owns nothin and you started postin here cause a that. Even tried to deal with me. If I'd stop postin the facts on that scam and the scammers you'd "call off the dogs of war". Ya made a mistake dude and thought I cared.
That's the ones woog.
They take the coin and then act like they got porked. Find some lawyer who's nothin but an hours billin ho and then it starts. Again. Posters post that "we gonna take down the evil empire but please ignor that our boys have a dirty trail longer than Mike Rowe. Same ole rerun with new bad actors.
Bein dirty and gettin caught dirty are two different animals.
You're right woog. CR aint been caught dirty yet. I read on the HLNT board and some others how they are gonna take NIR down. I hate to chuckle in my beer but that claim does it. Just aint gonna happen in a Counter Complaint scenario. Gonnaz be testimony from an insider.
Hugh.
The important Dworkin testimony is about the kickbacks. The brooker kickbacks. Lock in on Medgen like I know you have. All the Feds have ta do is get Paul Kravitz in the same situation as Dworkin and let him talk ta save his ass. Better yet, sit dworkin down and ask about the kickbacks tied to forced Consulting Agreements tied to Medgen. You'tt see them listed in the Medgen Q's and K's. I did a quick search and found about 800k worth. INVESTIGATORS I'm guidin you right now. Get the info on all the forced contracts with NIR frontmen consultants fron Dworkin. Might wanna chat a bit about kickbacks with Steven Humphries too. Don't forget about Mel Robinson, he was right in the middle and has more goin down now. Dig inta HLNT and pull Mel's frontman/fallguy Charlton Coats on the carpet. He's the new CEO that Mel has signin docs. I can give plenty of good direction with HLNT and the Robinson group too. Humphries needs ta come 100% clean or have him do full time.
The new posters are in mixed up mode still.
Some have posted that me, hugh and others are here on NIR's behalf. Those that have been part of this board group for years know just how off that opinion is. They also want to see NIR go down because of the Complaint NIR filed namin Systems Evolution HLNT. These are a hard workin group of posters with not much of a clue. Bothe Huge and I have posted this stuff they think of as new for well over a year. I happen to believe and Hugh probably agrees that HLNT has big problems outside of the NIR beef. Whalehaven had them in court for nonpayment of a note and now is waitin for a settlement offer. In addition their last CEO Steven Humphries has been convicted of securities violations in the same sting operation Wilcox fell for. The dude Humphries handed the HLNT keys to is worse than Humphries. Mel Robinson has a long history of fraud and did time for it. Since his release his mo has been the blog and media method of smoke and mirrors. HLNT has some major transparency issues that are in place for a reason. Robinson also has a history of using lawsuits to move shares. Settlement agreement type share movement. Some may not be up ta speed on robinson, Humphries and HLNT but I am. Just like I posted right here on this board about NIR, I'm doin the same about Robinson and HLNT. Keep an eye on that one folks and wait for the info Humphries spills just like Dworkin and Wilcox did. The Feds have had a close eye on Robinson for years. Aint no poster alive that can damage control that boys history or future.
Sorry dude, forgot a zero in the first post.
Steven humphries got caught in this sting operation.
He'll be singin his song to save his butt real soon.
'CHiPs' star gets probation for securities fraud
http://apnews.myway.com/article/20110128/D9L1IA7O0.html
Federal regulators said the promoters were caught in an FBI undercover sting operation in South Florida offering to pay kickbacks to pension-fund managers or stockbrokers for using clients funds to buy penny stocks.
Wilcox cooperated with federal authorities, providing information to help identity the roles of two others involved in the scheme, according to federal prosecutors.
"We believe his conduct substantially assisted us," said U.S. Attorney Ryan O'Quinn.
Wilcox pleaded guilty in November to securities fraud conspiracy and recently filed for bankruptcy.
My screen says up 100% and they haven't come current yet. They will when those financials are done. I'd be looking for the filings to start. If they do one that's audited you can be pretty damn sure they'll do the rest and come current.
That's what I,ve be postin about.
The dude gets probation cause he acted on his cooperation clause. Dworkin has been doin the same with NIR info and Steven Humphries and his partner are gettin the same opportunity. They get to talk about HLNT and the other two companies Humphries was CEO of as well as NIR. All good stuff and the news is gettin out that it's talk now or get put away time. Mel Robinson is scrambling right now, bet on it. He'll likely be the one on the run not Humphries. Humphries holds his free lunch pass is his info qualifies him.
Hey Rotaryguy.
Looks ta me like they got a handle on that accountin that was done at the old Data Center and was f'd up. That along with the old CPA. Looks ta me like anyone who bought at .001 is lookin real pretty. What's it gonna do, go below that when they come current with all filings and financial info? Not a chance, i'd say. Have ya heard anythin on the engine? I'm a bit behind right now. got some other tasks that are takin up my waking hours.