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They should change the symbol from IFLM to SCAM
Good ol' Eade...master of deception!
Hey Eade...ya deadbeat douchebag...you pay iHub yet?
Also interesting is this...
http://finance.yahoo.com/q/mh?s=IFLM.OB
Major Direct Holders (Forms 3 & 4)
Holder Shares Reported
RITCHIE JEFF 7,750,000 Apr 1, 2011
EADE KENNETH 7,713,500 Nov 30, 2010
So according to this, Eade owns $6.5 million +/- worth of IFLM shares based on Friday's closing price, but yet the bum can't pay iHub the $49k he owes them?
Speaking of crooks...
Did Eade ever fork over the money owed to iHub's legal team?
Sign me up stockmavin!
For the record....Kenneth Eade is still a CROOK!
According to this, the symbol is back to IMPN. Thanks Sidedraft for the link...
http://www.dtcc.com/downloads/legal/imp_notices/2011/nscc/otc/OTC-216.pdf
LOL! I wonder how long it will take for the company to switch directions again. I guess once they run out of suckers to buy Viratech stock...
Looks like the symbol is back to IMPN...
Hey Eade ya bum, you planning on paying iHub the money you owe them? Just dump some of your IFLM stock...we all know you're eventually going to do it anyway...
Eade has a bad habit of not paying his bills or keeping his promises...
I hope iHub does whatever it takes to have his license revoked until he forks over the dough.
A crook like him shouldn't be allowed to practice law anyway...
Does anyone know if Eade coughed up the $49 grand to iHub?
09/27/2011 60 ORDER AWARDING ATTORNEYS FEES by Judge John A Kronstadt. Having considered the pleadings and argument on the matter and for the reasons stated on the record, defendant InvestorsHub.com, Inc.s Motion to Recover Attorneys Fees and Costs Pursuant to California Code of Civil Procedure § 425.16(c) is hereby GRANTED in the amount of Forty-Nine Thousand Dollars ($49,000.00), with said sum payable from Kenneth Eade to InvestorsHub.com, Inc. within thirty (30) days. (rne) (Entered: 09/27/2011)
ratso1....you got that right! Apparently Kenneth Eade read iHub, and also 'allegedly' participated in some of the conversations under an alias...
Eade's scams seem to go with 'the flavor of the month'...gold was booming, so he decided to get involved with GSTP, the gold mining company that supposedly had millions and millions in gold reserves. They pumped that out in several news releases...only for the company to come out later and say....'Oops! Our bad...we're back to a shell company with no real assets'....what a scam that was.
Kenneth Eade is just one big giant scamster....
These articles do mention Viratech. Surprise surprise, it was a scam back then....and no doubt probably still is....
In 1991, Panic, ICN and a company subsidiary, Viratech, settled S.E.C. charges that they made false statements, the New York Times reported Wednesday...
Good eye stockmavin!
Pumper extraordinaire! I wonder if he realizes how silly he looks...
I wish you luck, but understand that you're most likely to become a bagholder of worthless stock. The odds are greatly stacked against you. Kenneth Eade is a shyster...
It's most likely a scam, just like any other Kenneth Eade company. The whole purpose is to fleece the unsuspecting so that they can massively dilute, reverse split, repeat...
It's nice to see that crooked ken has to pay...
I still think the guy is a total scam artist. And there's no doubt in my mind that he'll eventually try to use IFLM to fleece more people out of their money...
What a douchebag...
lol! Sad but probably very true...
$1.04 huh? This scam is becoming an easy short. 100% without a doubt, it will eventually fall from grace (and fall hard).
Kenneth Eade (sleazy scamster) is involved.....need I say more?
Thanks Renee...I'll ask iHub to change the message board over to the new name once it's official.
I wonder when they will try to pump this viratech scam...
IFLM litigation...
Pacer docs courtesy of scion...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67596732
Thanks scion. eom
Re: Kenneth Eade..IFLM...
Anyone know anything about this? Looks like he's launched another lawsuit??
I don't get it...Marc Cifelli is one of his buddies...
http://dockets.justia.com/docket/california/cacdce/2:2011cv07233/510953/
We can certainly hope so. That crook shouldn't be allowed to practice law anyway...
Eade has to pay iHub's legal costs of $49k....chuckles!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67177052
I'm disappointed with that amount. I know it doesn't work this way, but my thinking is that there should also be punitive damages awarded for launching a frivolous lawsuit that wasted everyone's time...
Thanks scion. I hope the sleazeball has to pay the full $75k...
$1.01 eh? It would appear to me that someone is trying to run this up.
BUYER BEWARE! THIS IS A KENNETH EADE COMPANY!
LOL! Good one! :o)
Kenneth Eade is a big-time crook...you got that right!
So which is it Eade, you live in France, or you live in the US?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66872499
The undersigned is a U.S. domiciliary and has been retained by the Issuer for the purpose of rendering this letter and related matters, as the Issuer’s securities attorney, serving as regular disclosure counsel.
KENNETH G. EADE
http://www.otcmarkets.com/financialReportViewer?symbol=IMPN&id=59819
Domiciliary Law & Legal Definition
Domiciliary means a person who resides in a particular place with the intention of making it his/her principal place of abode. For example, an individual domiciled in a state or country is a domiciliary of that state or country. It can also refer to a person domiciled in a particular jurisdiction.
http://definitions.uslegal.com/d/domiciliary/
So either way, Eade is not being 100% truthful?
I'm shocked!
Eade preparing this for the next public scalping I see...
Pretty disgusting if you ask me...
My opinion is that Eade and shady automatically go together...
But I'm sure you already know my thoughts on kenny boy!
As of August 15, 2011, the issuer had 23,545,991 shares of common stock outstanding. (from the latest SEC filing)
Nice...that's a very large market cap for company that's not worth a heck of a lot. It's mostly recycled assets from Imperia Entertainment that they keep moving around like a big shell game...
Buyer beware on this one folks!
SEC settles with Wall Street Capital
2011-08-15 13:43 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
by Mike Caswell
The U.S. Securities and Exchange Commission has reached a settlement with Wall Street Capital Funding LLC, a Florida tout service facing civil fraud charges for promoting questionable pink sheets companies. The SEC claimed that the firm issued overly optimistic recommendations for four companies in 2009 and 2010. They included a purported oil and gas explorer called PrimeGen Energy Corp., which had former Vancouver promoter William Scott Marshall as an officer. (The SEC did not name Mr. Marshall as a defendant or accuse him of any wrongdoing.)
According to the SEC, Wall Street Capital told investors that PrimeGen was a "stock to watch," despite the company being a "pure scam." Its corporate headquarters was a rented mail box in a UPS store, its phone line was unattended and its website was a copy of another company's site. The stock had a high of 38 cents during the touting, and was last at one cent. (All figures are in U.S. dollars.)
Details of the settlement, which covers Wall Street Capital and three people associated with the firm, are not yet available, as the SEC commissioners must first approve it. The SEC had sought orders banning the defendants from participating in penny stock offerings, as well as appropriate civil penalties. As in most settlements, the defendants will likely not admit to any wrongdoing.
In a joint motion filed on Thursday, Aug. 11, both sides asked that the judge stay pretrial proceedings while the SEC reviews the deal.
SEC's complaint
The case began on Feb. 7, 2011, when the SEC filed a civil complaint against Wall Street Capital and three others. The defendants included the firm's two owners, Beverly Hills resident Philip Cardwell, 47, and Miami resident Roy Campbell, 33. Also listed was one of the firm's employees, Aaron Hume, 32.
The SEC claimed that Wall Street Capital knowingly aided several penny stock scams during its 10-year existence. Besides PrimeGen, the SEC names three examples: Supatcha Resources Inc., Fidelis Energy Inc. and Caliber Energy Inc. (Of those four companies, three have links to Mr. Marshall. He was an officer of PrimeGen and Fidelis in 2007, while Supatcha listed him as a director in December, 2010.)Wall Street's touting of PrimeGen, as described in the complaint, occurred between April, 2009, and January, 2010. The firm issued as many as 50 misleading investment opinions, which it disseminated through newswires, the SEC claimed. A July 9, 2009, opinion listed it as a "stock to watch" along with three New York Stock Exchange listings, including Exxon Mobile Corp. The opinions typically repeated phony claims from the company's news releases, mostly purported drilling success in Russia, the SEC said.
Wall Street Capital also touted the company via spam, sending e-mails under headings such as "Revenues for PGNE to soar with newest 42 Well project" and "When PGNE explodes will you be there to enjoy the ride?" Wall Street Capital bought e-mail lists from third parties, which contained as many as 52 million addresses, the complaint stated. For its efforts, Wall Street Capital received five million shares of PrimeGen.
During the promotion, Wall Street Capital received more than one notification that PrimeGen was a questionable stock, the SEC said. It received an e-mail on Sept. 17, 2009, which stated that there are "serious concerns that the above Co. is acting fraudulently." Mr. Hume also viewed an Internet message board which stated that "PGNE is nothing more than a scam," the complaint stated.
Wall Street Capital's answer
Wall Street Capital, for its part, said it did nothing wrong. In a joint answer filed on Feb. 28, 2011, all of the defendants generally denied any wrongdoing, without providing many specifics. Wall Street Capital did admit that it received and sold shares of PrimeGen during the promotion, but said it had no duty to investigate the companies it promoted.
The defence also argued that there was no evidence that any of the stocks that Wall Street Capital promoted were fraudulent. If investors did suffer any losses, they were caused by market forces.
William Scott Marshall
While Mr. Marshall faces no charges from the scheme, he has been under investigation in Vancouver before. In 2004, the RCMP raided the office of Silver Star Energy Inc., an OTC Bulletin Board company. According to the search warrant, Mr. Marshall and five others ran the company as a pump-and-dump. The search made many headlines, but it did not lead to any charges.
Mr. Marshall left Vancouver in 2007, after somebody fired six shots at his Shaughnessy home.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-1871786&symbol=*SEC&news_region=C
SEC investigating S&P's downgrade of U.S. debt...
http://finance.yahoo.com/news/SEC-investigating-SPs-rb-3543917251.html?x=0&sec=topStories&pos=2&asset=&ccode=