Retiring
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That's the company's fault, not iHub. They choose the wires they want their PRs to go out on.
Call (844) 332-7101 and get... "We are unable to complete your request. Please try again later."
So they have a computer to handle their phone calls instead of some oblivious person that knows nothing about the company. Yeah, that's big news.
Why hasn't the company mentioned anything about Atlas Vaping Co.?
In due time? If it was due time for the PR there's no better time to reveal who's buying them. Where is NHLE making these pens? Or who is making them for them? Someone good with Photoshop can make the pics on their website.
Can't speak about it? Maybe they shouldn't have put out a PR then.
I was just wondering if he existed. Can't really find anything on him.
Agreed on the PRs being very vague. One month they're doing nothing, the next they're selling pen vaporizers. No idea where they're coming from or where they're going.
Got a question for ya.
Did you happen to speak to Lance Williams, CEO of Nhale, Inc. while he was attending Weedstock?
The cesspool you're in. Read it, soak it in, then reevaluate...
Inside One of the U.S.'s Biggest-Ever Investment-Fraud Stings
FBI's Operation Pennypincher Targets Murky World of Penny Stocks, a Haven 'Rife With Fraud'
The cramped office tucked behind an auto-parts supplier in a Boston suburb was an unlikely setting for a hedge-fund manager with a $3 billion New York firm.
But John Kelly, a middle-aged man partial to pleated navy slacks and a pink button-down shirt, made clear to visitors that he had good reason for operating his firm, SeaFin Capital, far from the prying eyes of his Wall Street bosses: He was running a scam and looking for willing conspirators. What he didn't tell guests, for obvious reasons, was that his real name was John Keelan and he was an agent with the Federal Bureau of Investigation.
The office, business cards and SeaFin Capital website—even a squishy plastic orca with the firm's logo on the bottom—were props in Operation Pennypincher, one of the biggest investment-fraud stings ever mounted by the U.S. government. The target was the murky world of penny stocks, a historical haven for con men and hustlers that the FBI says is "rife with fraud."
Microcaps are tiny companies, typically with share prices of a penny or less, and often trade on quotation systems that don't set minimum financial standards like the major stock exchanges do. Investors are buying such stocks at a record pace, recent trading data show. Even though the companies are small, scams involving them can run into tens of millions of dollars.
To expose these and other Wall Street frauds, government officials increasingly are turning to law-enforcement tools that for years were reserved for organized criminals such as drug dealers and the mafia. Wiretaps have proved the smoking gun in a string of recent insider-trading convictions, though white-collar stings have more of a mixed track-record in court.
Operation Pennypincher lasted more than a year and still has cases winding through the courts. To date, 22 people have been charged criminally, 18 of whom have pleaded guilty or been convicted after trial on various counts of fraud. The latest charges were filed in February.
The Wall Street Journal has pieced together this account based on thousands of pages of court documents, surveillance videos shown at trial and discussions with people familiar with the operation.
The sting began with a series of videotaped meetings starting in 2010. Mr. Keelan—posing as Mr. Kelly—found middlemen who would help him reel in executives of penny-stock companies willing to pay a huge kickback in return for an investment of up to $5 million by SeaFin.
The agent stressed that his employer was to be kept in the dark about the backroom deals, which effectively involved stealing millions of dollars from the fund's investors, prosecutors said.
"My hedge fund doesn't know…and they don't need to know," Mr. Kelly said in one of the meetings.
The scam wouldn't raise red flags at the hedge fund because the firm would get stock certificates for the full amounts invested, not reflecting the kickbacks. In addition, the fund paid inflated prices for the shares, which typically were restricted shares that weren't traded publicly. The agent made it clear he didn't expect any of the investments to work out.
One of the conspirators, a 71-year-old former stockbroker from Lincoln, R.I., named Edward Henderson, accepted a $12,650 payment for bringing in a handful of executives even though he feared Mr. Kelly was so brazen about his wrongdoing that the whole thing "could be an FBI sting."
Yet on May 24, 2011, he drove to an upscale Burlington, Mass., restaurant to meet Mr. Kelly for lunch and discuss more deals. Mr. Henderson was busted in the parking lot. ("I never got the lunch," he later told a court.)
Faced with the stark choice of cooperating or facing arrest, a "horrified" Mr. Henderson a few days later admitted his guilt—even confessing to past, undetected insider trading—and told the FBI he would help with its sting.
One of the first phone calls he recorded was with James Prange, a 63-year-old from Greenbush, Wis., with a track record in business that included an attempt to open a bratwurst "Hall of Flame" celebrating the sausage. Mr. Prange also helped penny-stock companies raise money, a job his lawyer later described as "repetitive, frequently frustrating and disappointing."
Mr. Prange wasn't on the FBI's target list, according to people close to the sting. But in the insular penny-stock world, word had spread rapidly about the Boston hedge-fund manager with a multimillion-dollar checkbook that could be opened by kickbacks.
In calls some weeks later, Mr. Henderson—by now wearing a wire—told Mr. Prange how the hedge-fund scam worked, according to court documents. The penny-stock promoter "jumped at the opportunity" to take part, prosecutors said, agreeing to fly to Boston with executives from companies he represented to meet the corrupt fund manager.
FBI agents had worried they had made the terms of the scam so clearly illegal, to try to avoid claims they were unfairly entrapping people, that no one would be caught, according to people close to the operation. In fact, "we should have set up a turnstile," one of the people said.
Mr. Prange's appeal of his later conviction for fraud likens the sting's targeting of "down and out companies in desperate need of capital" to buying expensive drugs for "poor, homeless drug addicts."
Mr. Prange was introduced to the purported hedge-fund manager at a meeting on July 22, 2011, with Mr. Henderson in attendance. Mr. Kelly told Mr. Prange he could arrange for SeaFin to invest up to $5 million per company, irrespective of its prospects, in exchange for secretly being handed back half of the money. The executives, in turn, could do whatever they liked with what was left of the cash.
As a "finder," Mr. Prange would get a 10% share of the $2.5 million kickback for each company he brought in to the scheme, the agent said.
"It's basically quarter a million a deal for you," Mr. Kelly told Mr. Prange. "I don't know…if that squares with how you were thinking?"
Mr. Prange nodded in agreement: "Sure."
The agent also explained how the kickbacks would be covered up using fake invoices paid to a sham consulting company that was a front for him. The consulting company, called Watersedge Group LLC, was another FBI invention.
During meetings with potential conspirators, an FBI agent would call Mr. Keelan at his desk to make him seem legitimate.
A month later, Mr. Prange brought John C. Jordan, 62, from Cameron Park, Calif., to meet the agent—one of three chief executives he introduced to the scheme, according to prosecutors. The meeting lasted more than two hours, with Mr. Jordan talking at length about his animal feed company, Vida Life International Ltd. Originally from "the capital of fishmeal country" in Peru, Mr. Jordan is "passionate about fertilizer, fishmeal and fish oil," according to his lawyer.
The secret tape of the meeting showed the agent setting out his terms: "I'm expensive…I get a 50% kickback on whatever I invest."
Mr. Jordan later told the agent: "Your fee is fine because you're definitely bailing me out."
A week after the meeting, the FBI sent $32,000 to Vida Life. The scheme involved payments made in escalating slices—an arrangement supposedly designed to build trust, but actually created with the FBI's limited finances in mind, said people close to the operation.
Within days, Mr. Jordan had wired the $16,000 kickback to the fake consulting company. He used much of the remaining money for payments to himself, his family and his business partner, prosecutors said.
Another chief executive that Mr. Prange introduced to the agent, Karen Person from Las Vegas, was last year sentenced to 30 months in prison after pleading guilty to securities fraud. Her lawyer didn't immediately respond to a request for comment.
Last year, Mr. Henderson was rewarded for his guilty plea and extensive cooperation with a sentence of one-year probation. A federal jury in Boston in May last year convicted Messrs. Prange and Jordan of fraud. Each man is now serving a 30-month sentence at a low-security prison. Lawyers representing Messrs. Prange and Jordan declined to comment, as the two men are appealing their convictions. Neither Mr. Henderson nor his lawyer responded to requests for comment.
Mr. Prange's incarceration followed a dramatic arrest, according to evidence at his trial. At 6 a.m. on Dec. 1, 2011, three FBI agents and two Sheboygan County deputies came "storming in the driveway" of Mr. Prange's Wisconsin farm home, "everybody wearing their gear," his lawyer said.
The gun-toting agents found the penny-stock promoter, his lawyer added, "cowering down in a closet, scared out of his mind."
Purchase order from who? Funny how the company didn't reveal that.
who is trading this DAILY???????????????????????????????
Idiots?
After the promo is over, it'll be a ghost town around here.
Phantom Penny Stocks was compensated up to one thousand five hundred dollars via wire by a third party for this alert of NHLE.
That's a bunch of bull. Regulators don't do that. They'll eliminate the shares by suspending the stock.
Ok. Good luck.
I figured that was gonna happen. Who are the emails from?
If there's a promo going on, it's just to create volume. The company will dump shares and it will most likely end up down for the day. JMO
I read this in one of them, pretty funny....
Paid awareness is almost always a means to sell shares to the public in the open market, so you should always assume if there is an awareness campaign then someone is selling shares of the company in question.
What organization is getting paid for this promo?
Looks like a paid promo is about to begin, IRPs poppin up out of nowhere. I imagine a mess load of emails will be going out this coming week.
Maybe NeoMedia should get into barcoding MJ products. Now would be the time. Don't tell Laura though, let her figure it out on her own. LOL.
Jobs was obsessed about his business and making it successful, he didn't worry about detractors. There wasn't any social media around then, where he could make an ass out of himself like Bill has. That man needs his head examined. I've seen this type of behavior before from an OTC CEO. It tells me he's hiding something. Just like the last one.
It could certainly be perceived as one. Don't ya think?
Looks like there may be a paid promo about to begin.
That's absurd.
Bill is taking shareholders to the cleaners. He spends too much time worrying about what everyone is saying on social media that he can't even run his company properly.
You're wrong. From the very link you provided...
If these criteria are met, a person may file a Form 144 with the SEC giving notice of their intent to sell a specified number of unregistered shares within the next three months.
http://www.insiderinsights.com/about/form144.php
It does not mean they have to sell.
That is incorrect...
A person filing a Form 144 must have a bona fide intention to sell the securities referred to in the Form within a reasonable time after the filing of the Form.
http://www.sec.gov/answers/form144.htm
What is fraudulent about them?
Everything.
Read post #40893
That's just part of it. They started off with a fraudulent filing to OTC Markets.
They don't file those without the intention to sell. If they haven't already been sold, they will. That's the purpose of the filing.
We raised $100,000 in February and March 2012, effected through the sale of common stock pursuant to our Registration Statement. Additionally, we raised $300,000 for the nine months ended February 28, 2014 by issuing promissory notes (see Note 3 to the Financial Statements) to accredited investors.
Note 3 . Notes Payable
On April 11, 2012, GankIt signed a promissory note with Hillsmere S.A. in the amount of $50,000. The note bears interest at a rate of 15%, and becomes due and payable on April 10, 2014 and is collateralized by all of the assets of the Company. As of February 28, 2014, the principal balance outstanding was $50,000 and accrued, unpaid interest of $14,167. No interest or principal payments on this note have been made since its inception . On April 4, 2014, the maturity date was extended to April 4, 2015.
On June 21, 2013, Gankit signed a Master Credit Agreement with Levantera, SA, a company formed under the laws of the Marshall Islands, to provide a lending facility of up to $1 million. The Company has the right to periodically prepare a Borrowing Certificate (a “Certificate”) drawing upon this facility. At the end of each fiscal quarter, the Lender may prepare an Evidence of Indebtedness, setting forth advances, payments and interest accruals made during that quarter. Each Certificate and the interest accrued thereon is due one year after the date of the Evidence of Indebtedness. Interest accrued on un-matured amounts is 12% per year. Matured, unpaid amounts accrue interest at 18% per year. As of February 28, 2014, we have borrowed $150,000 on this facility and accrued $11,367 in interest. No interest or principal payments have been made as of February 28, 2014. Subsequent to our most recent borrowing tranche cash receipt on November 30, 2013, we have requested additional funds on this facility which have not arrived. We conclude therefore, that no additional funds are likely to be received pursuant to this financing facility.
On November 17, 2013, the Company signed a $50,000 promissory note with Shield Investments, Inc. and received the proceeds on November 22, 2013. The note is collateralized by all of the assets of the Company, matures on May 17, 2014 and accrues interest at 15% per year for unmatured amounts and 25% (or the highest amount allowed by law) on matured, unpaid amounts. As of February 28, 2014, we have not paid any interest or principal, and we have accrued $2,039 in interest.
On January 13, 2014, the Company signed a $50,000 promissory note with Shield Investments, Inc. and received the proceeds on January 29, 2014. The note is collateralized by all of the assets of the Company, matures on January 13, 2015 and accrues interest at 15% per year for unmatured amounts and 25% (or the highest amount allowed by law) on matured, unpaid amounts. As of February 28, 2014, we have not paid any interest or principal, and we have accrued $616 in interest.
On February 10, 2014, the Company signed a $50,000 promissory note with Shield Investments, Inc. and received the proceeds on February 12, 2014. The note is collateralized by all of the assets of the Company, matures on February 10, 2015 and accrues interest at 15% per year for unmatured amounts and 25% (or the highest amount allowed by law) on matured, unpaid amounts. As of February 28, 2014, we have not paid any interest or principal, and we have accrued $329 in interest.
http://ih.advfn.com/p.php?pid=nmona&article=61824426
How can Riverview Heights, LLC purchase 20M shares if it was dissolved in 2007? Callin BS here.
http://www.concord-sots.ct.gov/CONCORD/online?sn=PublicInquiry&eid=9740
Last 8-K says Mr. Williams owns no shares. Well, there has only been one employee since it's inception but, ironically, there's no record of who this employee is. Is it Mr. Williams?
Did that wise man mention anything about not buying a fraudulent company?
That's what I meant.
I imagine he has some free time on his hands now.
Yep. Tell the board what TDA told you about your shares of CSG.
Toms is in trouble...
On July 2, 2014, DecisionPoint Systems, Inc. (the “Registrant”) received a written “Wells Notice” from the staff of the Securities and Exchange Commission (the “SEC”) indicating that the staff has made a preliminary determination to recommend that the SEC bring an administrative proceeding against the Registrant. On the same day Nicholas R. Toms, the Registrant’s President and Chief Executive Officer and a member of the Board of Directors, also received a Wells Notice. The SEC staff has informed the Registrant that both Wells Notices relate to allegations that, from late 2009 to early 2011, Mr. Toms was the beneficial owner of shares of common stock of the Registrant that were held and traded by a Delaware corporation in which Mr. Toms was a 10% owner; that Mr. Toms exercised control over the corporation’s securities account; and that the corporation’s shareholding and trades should have been reflected at the relevant times in public disclosures of Mr. Toms’ other holdings of the Registrant’s common stock.
A Wells Notice is neither a formal allegation of wrongdoing nor a finding that any violations of law have occurred. Rather, it provides the recipient with an opportunity to respond to issues raised by the staff and offer its perspective to the staff prior to any decision to institute proceedings. The Registrant intends to make a submission to the staff in response to the Wells Notice setting forth why no action should be commenced against it.
In addition, the Registrant’s Audit Committee has begun an internal review, assisted by new outside counsel, and the Registrant’s independent directors have placed Mr. Toms on leave from his duties as an officer of the Registrant, pending further inquiries and determinations. Mr. Toms remains a director of the Registrant and retains his duties as a director. Mr. Dan Romanello, who has served since August 2013 as the Executive Advisor to the CEO, is undertaking Mr. Toms’ duties as an officer on an interim basis.
http://ih.advfn.com/p.php?pid=nmona&article=62871830
Naked shorting is an excuse for a lousy company and it's declining share price.
Maybe the SEC will look into Cape. I won't hold my breath though.