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I think if Jason wants to show us he is honest then there needs to be an audit. This isn't being unreasonable on our part. And someone like Dave should be around to over see it.
An aditor could easily be hired. As far as every penny being accounted for, one must wonder as to whom it is accounted for since the books have never been seen by the people who provided the funds. Or at least not to my knowledge. Were we not promised transparency?
Since you have his ear, how about asking him to show the share holders the books. You know the ones who funded the company! Thanks
What does someone call a CEO that leaves inventory on the selves? Some would call him a Moron! IMO Everyone have a great weekend!
Maybe he is talking about this link in the ibox.
10-01-2008 A letter from Jason to the stock holders:
http://sites.google.com/a/mymarket99.com/market-99-investors/
I agree it would be ideal but let us not forget the billions of shares that would need cleaning up with a RS. As we all know this would leave us with little left to profit unless the company was almost too good to be true, but then we have all lived thru that line before.
"I would like to do anything I can to incur forward progression for myself and those that may benefit from it also."
So what if this "progression" means that some unsuspecting investor in the future looses his or her money when this would go up and we all get out. The money we would get back wouldn't come from the ones who took it. It would come from the bottom of the food chain. Am I right?
It seems like I remember Phil saying he had invested way back when and I think he knew them then but you would have to ask him.
So if Saloman settled in court as the folowing story says, then I wonder where that leaves Brola and Milligan?
SEC sues five men plus firms over securities
10:07 PM CDT on Thursday, September 25, 2008
By ERIC TORBENSON / The Dallas Morning News
etorbenson@dallasnews.com
The Securities and Exchange Commission filed two civil lawsuits Thursday alleging that five men – four from North Texas – and their related companies violated securities laws.
In the first suit, the SEC alleges that Ryan M. Reynolds, Jason W. Brola and Desmond J. Milligan – all living in Texas – and Timothy T. Page of California conspired to sell millions of shares of penny stock companies. The stocks involved were for eCarfly Inc., now known as Market 99 Ltd. Also part of the suit are limited partnerships that the defendants controlled.
The suit says Mr. Brola asked Mr. Reynolds to create a company that sold used cars and to sell its shares. The group then touted the company to drive up its shares' value so they could sell them at a profit. The shares were not registered, which is required, and the group published false information about the company to investors, the suit alleges.
Mr. Reynolds is also part of an SEC action related to his involvement in an alleged penny stock fraud promotion and is connected to a third SEC complaint related to a penny stock called Connect-A-Jet.
The second lawsuit filed Thursday accuses Rey Salomon Jr. and Ellen H Development LLC of offering unregistered securities connected to an oil and gas drilling project in Denton County.
The suit alleges that Mr. Salomon's company raised $903,195 from 22 investors in the unregistered offering. Mr. Salomon allegedly used $220,000 of the money for personal purposes despite telling investors that their money would go only to fund the project, the suit said.
The SEC says that Mr. Salomon and his company have settled the suit, without admitting or denying the allegations.
He agreed to pay $985,004, with about $382,000 of that waived by the court.
Spencer Barasch, attorney for Mr. Reynolds and for Mr. Salomon, declined to comment on the suits. Attempts to reach the other defendants were unsuccessful Thursday.
Staff writer Brendan M. Case contributed to this report.
Normally it would be a honor to have your name and company mentioned on a prestigious law schools website! http://www.lawschool.cornell.edu/newsstory.cfm?pageid=152544
I agree 100% Dave. Hope you and everyone here have a great Thanksgiving Day!
On Oct 15 you said
"GM ALL, hope you got my email....
I've never seen Jason Brola as excited as he is right now. Trust me or not on this one, but something is definately cooking, and it's not just Chef."
I am just wondering how you feel now?
Then please enlighten us.
"I have a different understanding here than most." Isn't what you mean is you talk to them and they tell you "it's not my/our fault"? Come on Phil I took you as being smarter then that!
Well the padlock isn't so good is it? And leaving the inventory well that's so bad it's just stupid! So what's you DD telling you now...less then one month later?
"James will do something good here, always heard 3rd times a charm.... lol" I don't think Oct 20 is that long ago do you?
"nuclear fallout"? What happened to the positive attitude?
They have management skills!
Oh I believe he will pop up again. It's kind of a game to people like him.
It's been forever and a day!
No vacation here but stuck in the Nashvlle airport. I can still remember when it was fun to travel.
I am about to finish up my 4 10 for the week. Hope everyone has a great weekend! Could the Dow reach 8000? Very well could. Over and Out
No problem. Have a great day!
Don't ask me, I was just saying hello to Joe. I know nothing about this company sorry.
It's good to see you back Joe!
Opening them up? It makes it difficult when the inventory is left behind! You would think this was some government agency with no oversight but no it's company funded by real people who bought into the idea.
I didn't mean to imply you would be concerned. In fact it wouldn't surprise me if it did happen and we wouldn't hear about it. Hey what the heck, it may have already happened right? Just my humble opinion.
Nice safe answer there Phil! Wouldn't it be ironic if there was one after you said there would be then said you were wrong? Wow that would be something. Kinda like when someone said Amir was to be the CTO of MNTY but then he said he wasn't then later he was. I'm sure I could have thought of a better example but that one seem to be the one that popped up in my mind.
"MNTY is to receive a dividend as compensation, but this dividend will be paid to the company (not the shareholder) to use at it's discretion, ie opening stores, or eating hot dogs..." So as a current share holder...please tell us other share holders how you heard about the dividend?
So you won't reply to my message?
But we heard it from you Phil...Why? But I need to talk to Jason… I can't count how many times I have tried to talk to Jason. You know I tried! Just like a lot of people on this board and others that don't post here. I tried calling him before he diluted all those shares, when I felt good about our prospects, and he wouldn’t return my calls then either. He apparently did call some but only a select few. Do you think that is right?
You don't have an answer to which question?
So if it wasn't made public then why is it being talked about in private? With a current share holder? If Jason is trying so hard then why hasn't he let us know himself? Please don't reply with "I will have to ask him" This came from you so thats why I am asking you.
I don't doubt that is true but why are we hearing about it from another share holder first? This should come from the CEO. Did I miss something while I was gone or is this new info?
Give him time to call James or Jason for an appropriate answer...speed dial you know.
He is the CTO on this one also? Seems to have a familiar ring doesn't it?
So don't remind anyone about the money lost at our expense?
"but it's not ours anymore"? WHY? I'm trying to read back posts but I can't find why we left our money sitting on the shelves. Have you talked to Jason about it? Why are you and Jason talking again?
Did you ask about our inventory?
That's insane! That's the inventory we bought!