Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Peter Villiotis announced the Series C "gift distribution" on 2/28/2014 -- 13 months ago -- and it still has not been completed. Is he now trying to sell more PVEC stock with new promises?
Companies that issue dividends are supposed to get the list of those who qualify but are holding their stock in street by ordering a NOBO list from Broadridge Financial Solutions. Shareholders aren't supposed to have to call or email a company and provide all of their contact in order to get dividend or, in this case, a "gift distribution." IMO, the contact information is being sought for other purposes such as to sell the list to spammers and scammers.
Just getting paper certificates means nothing if they can't be redeemed. PVEC doesn't have $4 million in cash to redeem them.
The original PR: http://ih.advfn.com/p.php?pid=nmona&article=61272609
This is the DUMP part of the IJJP pump and dump scam. As with all pump and dump scams, the dump is inevitable and leaves people holding shares at far less than they paid.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111951380
The entire premise of the business plan is to issue millions of dollars worth of free-trading stock in the six paticipating public companies to various family and friends of convicted felon Randall Gouldling, the attorney for all six companies. Goulding and his brother David are currently being sued by the SEC for civil fraud and other serious violations regarding their former PIPE fund, the Nutmeg Group.
The MMJ consortium plan requires the share recipients to sell their shares and put some of their proceeds in an escrow account overseen by another attorney sanctioned by the SEC -- Carl Duncan. If the amount in escrow is sufficient then the money is supposed to be given to the Michigan and Canadian farm operators (MPT and WOM/WOMP) who are supposed to build the farms, get licenses and cultivate/sell medical marijuana.
The "hypothetical" profits are then supposedly going to be shared with the six companies who issued the free-trading shares that were dumped on the open market to finance the farms (IJJP, TWDL, CWIR, ENTL, GEAR and HALB).
Randall Goulding abused what is supposed to be a rare exemption from registration for debt relief -- Section 3(a)(10) -- in order to have a court authorize the issuance of billions of unregistered shares as free trading. The shares were issued in exchange for so-called property interest in the yet-to-be-constructed MMJ farms.
Yesterday's publication by the Nevada SOS showing a reduction in the number of authorized shares from 3 billion to 2.5 billion shows that the change was processed as a stock split. Pope may plan to do another reverse split before issuing the remaining dollar volume of free-trading shares which have to be sold in order to finance the farms.
A reverse split followed by more dilution would wipe out the value of holdings by current shareholders. Pope did a 1 for 1000 RS in 2010 after diluting the stock into the ground with Rule 504 shares issued to Big Apple Consulting.
A correction to my post from yesterday -- addition of "not."
The reduction in IJJP authorized shares from 3 billion to 2.5 billion was processed by the Nevada SOS this morning (it was updated as of last night), The effective date is 3/20/15, 8 days after the PR was issued. For some reason Cliff Pope processed it as a "stock split" instead of an amendment to the Articles of Incorporation:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=9pgLydhg%252fH%252fIkreBWtuxPA%253d%253d&CorpName=IJJ+CORPORATION
As you know, reduction in the AS doesn't change the O/S or the float and can always be increased.
If the number of shares outstanding as of 11/25/14 was actually over 1.95 billion as reflected in the Confidential Private Disclosure Memorandum (see screen shot below) and only 138,383,928 of the new shares to be issued from the Section 3(a)(10) court procedure have actually been sold into the float, it's possible that the current O/S could indeed be in the range of 2.1 billion.
As long as Pope refuses to provide the TA with permission to reveal the actual share structure numbers, it's impossible to know what they are.
There is good reason to believe Pope has not given accurate numbers due to the issue below. Pope has also given conflicting and widely varying numbers in years past.
As previously mentioned in the following post, the "Confidential Private Disclosure Memorandum" (which describes) the 3-tranche share issuances, uses of proceeds from selling the stock, sharing of potential/hypothetical income from the two farms that are supposedly going to be contsructed, tec.) shows that 10% of IJJP's OS was 195,418,216 which equates to about 1.954 billion shares.
Have you had a chance to ask Randall Goulding why he used that number to represent the IJJP O/S in that November 2014 legal document as discussed in this post? It would be odd for him to miscalculate such an important number which could result in the issuance of more than enough shares to make his wife and one of his sons affiliates of IJJP under SEC rules.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111877494
Link to the Confidential Private Disclosure Memorandum:
http://media.wix.com/ugd/c55eba_0348bf08196b4e938376fc96b1bfdd55.pdf
Backup link to the document I saved and uploaded when the original link was quickly disabled:
https://app.box.com/s/99fqspsilpfw054maheizew61fscjm8o
Original link (now disabled):
http://www.cannabisheadliners.com/images/PDF/4_disclosure_memorandum.pdf
More information:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
Ray... The promotion compensation is disclosed in the PR itself. Weathmakers.com is owned and operated by Thomas Ronk, the same guy who owns and operates Buyins.net. When someone pays for a promotion by Buyins.net (as is the case with IJJP), coverage by Wealthmakers is included:
IJJP: The entire business plan in which the $2.1 million in "hypothetical" income from the non-existent MMJ farms in Michigan and Canada is based upon the issuance of free-trading shares to and sales by various individuals including the wife and and two sons of Randall Goudling, IJJP's attorney who put the deal together. Goulding is a convicted felon who is currently under SEC enforcement action along with his brother for a different fraud involving the Nutmeg Group.
Through his Pope Enterprises private entity, Clifford Pope is one of the shares recipients in the scheme although he received shares in only the other five public companies (TWDL, ENTI, HALB, CWIR and GEAR). CEOs from some of the other companies are also share recipients.
It's a backwards plan in which the share recipients are supposed to sell the shares they receive and put 90% of the proceeds in escrow until their "commitment amount" is reached after which they are free to keep all of their proceeds. The premise also requires that the proceeds in escrow be given to the two farm operators who are supposed to then construct the farms and apply for licenses to cultivate and sell MMJ. IF they are successful in constructing the farms, obtaining licenses and eventually cultivating and selling MMJ, some of the profits are to be split with the six public companies who financed the construction through the issuance of billions of free-trading shares.
The "potential" profits that have been claimed in press releases are disclosed in the deal's Confidential Private Disclosure Memorandum as being purely "hypothetical" and used only for the purpose of "illustration."
In other words, there is definitely no income without first massively diluting this stock (as well as the other five) and even then there is no assurance that the proceeds obtained by the selling share recipients will eventually be used to construct profitable MMJ farms or that IJJP and the others will ever receive one dime in income.
It's dilution today for hypothetical income years down the road.
This has been previously documented with links and explained in multiple posts including the following:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111414743
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110947200
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111414743
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110947200
The TA for IJJP has always been gagged. This is not something new for the current iteration of the business plan after all of the previous ones produced nothing but dilution.
I have been moderating this forum and posting about this company and CEO since mid 2011 and know the history very well. The company has ALWAYS been nothing but a pump and dump dilution machine using the most notorious of toxic diluters including Big Apple Consulting, Fairhills Capital (Edward Bronson), Magna Group . Hanover Holdings (Joshus Sason) among others (somehow he missed Asher Enterprises).
Big Apple Consulting drove it into the ground just before they were charged by the SEC (later found guilty on all counts). The company went silent for a time and them did a 1 for 1000 reverse split. Pope then signed up with the new version of BAC, Boost Marketiing. When I made the fact that Pope was using the same diluters under a different name, he issued a PR stating he was separating from them. However he simply moved on to nearly as notorious Fairhills Capital. When Bronson was charged, Pope moved onto Magna/Hanover (Josh Sason).
IJJP received its DTC chill in the wake of the SEC action against Fairhills Capital in which approximately 100 PK companies were diluted by the illegal selling of unregistered, non-exempt shares, almost all of which received chills.
Here is a post from 07/22/11 discussing the gagged TA.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65480702&txt2find=gagged
IJJP has also had an illustrious history of attorneys writing the opinion letters, some of whom have been sanctioned by the SEC. One of the early ones fled to South America and changed his name. The SEC just obtained a default judgment against him for $1.5 million.
I'll post that extremely illuminating history another time.
Pope has never been transparent about the share structure. Some of the information he submitted over the years to OTC Markets is blatantly conflicting. He has been using this excuse of the TA not releasing SS info for at least the nearly 5 years I've been following this scam company.
The current dilution scheme is much more complex that the old Reg D, Rule 504 deals he did with the above-mentioned toxic financiers. Randall Goulding is misusing a little known exemption from registration under Section 3(a)(10) to issue literally billions of shares of the six companies involved (IJJP, TWDL, GEAR, ENTI, HALB and CWIR).
No one should invest more in this stock than they are willing to lose. It's at very high risk for enforcemtn action for numerous reasons. It's one of those stocks where investors could wake up to a 10-day suspension, which always happens without prior warning.
For those not familiar with the toxic financiers mentions, the following are forums that list the companies that used them and also have updates on SEC litigation.
Big Apple Consulting/Boost Marketing:
http://investorshub.advfn.com/Big-Apple-Consulting-Clients-20582/
Fairhills Capital (Edward Bronson):
http://investorshub.advfn.com/Big-Apple-Consulting-Clients-20582/
Magna Group/Hanover Holdings (Joshua Sason(:
http://investorshub.advfn.com/Clients-of-Magna-Group-and-Hanover-Holdings-25550/
IJJP TA and SS info: That email is consistent with what I was told by Rose yesterday and again today when I spoke with Carolyn regarding Transfer Online's policy as stated in these posts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111840928
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111877494
If Clifford Pope was willing to give written permission for the IJJP TA to provide accurate share structure information, people would be able to verify his public claims about the O/S, float, share issuances, share reductions, etc. Unfortunately Pope essentially gags the TA by not giving permission. The only conceivable reason for not giving this simple authorization is to hide the actual numbers which most likely are not even close to what he has claimed.
Both Mark Knight and Carolyn Hall are Account Executives for Transfer Online:
http://transferonline.com/AboutUs
Sterling... Did you call the IJJP TA to verify (or contradict) that they will release share structure information when authorized by the company as I stated I was told yesterday in my post to which you replied?
I called Transfer Online again today and spoke with Carolyn who, after some questioning, ended up confirming that they will release the numbers if the company so authorizes.
There is good reason to believe that the share structure numbers for IJJP being reported by Cliff Pope are false. The "Confidential Private Disclosure Memorandum" that sets forth the distribution of shares by the six-companies to various individuals shows that 10% of the shares outstanding were 195,419,226 which would mean the O/S was actually over 1.9 billion on that date not the 1,166,384,000 Pope has been claiming.
Because ownership of 10% or more of the O/S of a stock causes one to become an "affiliate" thereby restricting the number of shares that can be sold, the shares of IJJP were to be issued in 3 tranches with no one receiving more than 9.99% of the O/S.
As you can see from the screen shot below from page 3 of the Confidential Private Disclosure Memorandum (link provided), three individuals received more than the 117 million shares in the "first issuance" (tranche) that would have made them affiliates if Pope's claim of an O/S of 1.17 billion had been correct.
Two of these three individuals are relatives of the attorney who put the deal together -- Randall S. Goulding. Robyn Goulding is Randall's wife and received shares as a proxy for Randall's law firm, Securities Counselors. Share recipient Expanse Enterprises, LLC is owned by his son Ryan Goulding.. The third party, Capitol Capital Corporation, is Howard Salmon.
Were the shares outstanding of IJJP actually over 1.9 billion back in November?
If not, why does this disclosure memorandum indicate such a number?
Did the three people who received over 117 million shares become affiliates of IJJ Corp. with the shares they were issued?
Do you have an explanation as to why 10% of the IJJP O/S was stated to be 195,419,226 in the documents submitted to the court?
Link to the Confidential Private Disclosure Memorandum:
http://media.wix.com/ugd/c55eba_0348bf08196b4e938376fc96b1bfdd55.pdf
Backup link to the document I saved and uploaded when the original link was quickly disabled:
https://app.box.com/s/99fqspsilpfw054maheizew61fscjm8o
Original link (now disabled:
http://www.cannabisheadliners.com/images/PDF/4_disclosure_memorandum.pdf
More information:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
The IJJP TA is gagged by CEO Clifford Pope...
It is Transfer Online's policy not to release share structure information UNLESS the company has given approval. If the company authorizes it, they WILL release share structure information.
If Pope is being honest and transparent about the share structure, he would allow it to be verified by authorizing the TA to release the numbers. However, Pope CHOOSES to gag the company's TA thereby preventing anyone from verifying his public claims. This is a huge red flag!
If anyone does not believe this, call Transfer Online and ask if they will release share structure information if the company authorizes them to do so. If they try to obfuscate, ask them if a transfer agent registered with the SEC can legally refuse to provide the share structure of a company that is willing to have it released.
Transfer Online, Inc
317 SW Alder Street, Second Floor
Portland, Oregon 97204
Phone: (503) 227-2950
Background:
I called Transfer Online early last week and spoke with Bryan Cochran. I asked for the share structure information for IJJ Corp. (IJJP). Before responding, he checked his computer and then told me that only the company could give that information and he gave me Clifford Pope's phone number. He did not tell me right off the bat that Transfer Online does not release such information as a matter of policy or that they never release a company's share structure.
I called again today and spoke with Rose who told me that Transfer Online's policy is to release share structure information only when a company has authorized such release, which Clifford Pope has not done.
Transfer Online's website offers extensive services to shareholders, but the company has to allow the information to be provided: http://transferonline.com/ShareholderServices
GRBG was suspended by the SEC yesterday morning along with 127 other dormant former penny stock shells under its "Operation Shell Expel" which is part of its microcap fraud-fighting initiative:
SEC Suspends Trading in 128 Dormant Shell Companies to Put Them Out of Reach of Microcap Fraudsters
http://www.sec.gov/news/pressrelease/2015-44.html#.VPY8LeHLLfc
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111313839&
IJJP Dilution Facts:
The "rights to receive income" from Michigan Plant Technologies, LLC (MPT) and World of Marihuana Productions, Inc. (WOM or WMP) is entirely based on the issuance of billions of free-trading shares of in the 6 consortium companies -- IJJP, TWDL, GEAR, HALB, CWIR and ENTI -- using (abusing) the Section 3(a)(10) exemption from registration. The billions of newly-issued free-trading shares that have been distributed and those to be distributed in the two additional tranches cause extreme dilution for each of the public companies.
The much ballyhooed "court order" was an approval of these share issuances in exchange for so-called "property interests" owned by those who are receiving the shares. In order to fund the build-outs of the currently non-existent MPT and WOM MMJ farms, the recipients are supposed to sell their shares on the open market and put some of the proceeds in an escrow overseen by Goulding's law associate Carl N. Duncan. The proceeds in escrow are supposed be paid to MPT and WOM to build-out the farming and obtain cultivation/distribution licenses.
If the farms are eventually built, licensed and achieve profits, some of their income is supposedly going to be shared with the consortium companies. Given all of the things that are supposed to occur to make this happen, it's unlikely that IJJP and the other 5 companies will ever receive a dime for the billions of shares issued.
There's much more to the scheme, but the dilution was explained and documented in the following post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
IJJP's very tardy disclosure of the first 1 billion issuance:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111097273
Pope now claims he has reached an agreement with some of the recipients of the new shares to reaquire and retire them. Given his history of not being truthful about the actual share structure, this claim is questionable at best.
The "consortium" of IJJP, TWDL, GEAR, ENTI, CWIR and HALB is nothing more than a blatant scheme orchestrated by Randall Goulding to issue billions of free-trading shares in these six companies to himself (via his law firm and his wife Robyn), two of his sons, Clifford Pope (IJJP CEO) and several other individuals.
Goulding's scheme requires the shares to be sold on the open market and some of the proceeds to be paid to WOM and MPT which are then supposedly going to build MJ farms, obtain licenses to cultivate and distribute MMJ and then pass some of the income to the six companies that issued the shares.
The scheme abuses the Section 3(a)(10) exemption from registration and also involved false statements made to the court which was asked to approved the share issuances.
It's a scheme that very few people understand but is blatant fraud IMO. I would not be surprised to see enforcement action by the SEC against IJJP and one or more of the other public companies as well as action against Goulding and other individuals.
Some of the documents used for the "fairness hearing" have again been made available on Pope's cannabisheadliners.com website, however the smoking gun "Confidential Private Disclosure Memorandum" is not one of them. This document is proof that the farms do not exist and that the projected income purely "hypothetical."
The co-conspiring perpetrators of this scheme clearly would prefer that this information not be public. Fortunately I saved the document and uploaded it for all to review.
See the links in this post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110947200
None of the other 5 companies in this blatant dilution scheme are issuing PRs to hype the hypothetical future income their shares are being issued to "purchase" even though two of them bought "rights" to obtain even higher hypothetical income.
Cliff Pope has exposed himself and IJJP to possible enforcement action by issuing several false and misleading PRs to hype the sham arrangement in an effort to pump and dump IJJP stock and, by mentioning the other 5 companies, their stock as well.
allkinds: You are correct about the dilution of IJJP stock with more dilution to come.
IJJP: Disclosure of 1,020,867,796 dilution shares was filed on OTC Markets on 2/9/15, nearly doubling the O/S.
This was just the first issuance (tranche). The second was/is due about last week as explained in an earlier post.
Although Clifford Pope's disclosure (below) claims the shares were added on 1/9/15, it is likely that they were actually issued at the end of November or early December per the fairness hearing court documents. The 11/25/14 hearing was held to approve the "fairness" of issuing free-trading shares to several parties in exchange for so-called "property interests" in hypothetical revenue from 2 farms (WOM and MPT) that might be built if these parties give enough of their proceeds from selling the stock to the farm operators and the farm operators in turn use the money to build the farms, obtain licenses and generate revenue.
Also note that Pope states that all 1,020,867,796 shares have been sold into the float increasing it from 778,439,729 to 1,799,307,525 as of 1/29/15. If the shares weren't issued until 1/9/15 and all had been sold into the float as of 1/29/15 that would mean that over 1 billion new shares would have been sold in only 14 trading days between those dates. That is highly unlikely to have occurred.
Be aware that the "Confidential Private Disclosure Memorandum" states that the total number of shares will be divided into 3 issuances (tranches), each due 75 days after the previous. The second tranche has likely just been issued although is probably a smaller number of shares that the first one as it will be based on the average closing share price over the 4 days just prior to the issuance.
Clifford Pope issues press releases announcing huge revenue that he does not explain is purely hypothetical and does not disclose the massive dilution involved with revenue that may never occur in those same PRs.
Clifford Pope is a serial diluter who did improper Reg D, Rule 504 toxic financings with notorious firms including Big Apple Consulting, Fairhills Capital, Magna Group and Hanover Holdings among others. is working with Ronald Goulding on a new method of toxic dilution -- abuse of the Section 3(a)(10) exemption from registration and misleading the court regarding the appropriateness of its application in this situation.
Goulding is convicted felon and has a current SEC action against him for multiple violations of the Investment Act regarding his Nutmeg Group investment funds. This sham MMJ consortium share issuance scheme will likely also unravel, possibly with another SEC enforcement action.
The stealth disclosure:
NCEP: Are there any links to show that Vencedor Energy Partners, Inc. (VEP) is a "registered, bonded oil and gas operator in Pennsylvania" and has "successful operations in Texas?" It would certainly be nice to be able to verify both.
Regarding my statement that VEP is “just one guy who uses a PO box as an address,” from what I can tell, that is true given the following:
Brian Ambrose, co-founder of VEP, shows in his LinkedIn profile that he left VEP in May 2014. The VEP website also removed his name and information about that same time.
https://www.linkedin.com/in/brianambrose1
1/9/14 archive:
https://web.archive.org/web/20140109141616/http://vencedorenergy.com/company/company-profile/
Current:
http://vencedorenergy.com/company/company-profile/
VEP co-founder Randy Benton, who was not previously mentioned on VEP's own website and does not have a verifiable background in oil and gas (other than involvement with VEP since co-founding it in 2010) as did Ambrose, seems to be the only one left of the formerly 2-person company. If that is incorrect, please let me know.
https://www.linkedin.com/pub/randy-benton/14/99a/946
http://www.corporationwiki.com/California/Newport-Beach/vencedor-energy-partners/45461664.aspx
Do you know why Ambrose left VEP?
VEP's "corporate headquarters" located at 1048 Irvine Ave, Ste 171, Newport Beach, CA 92660 is a PO box in a very small shipping and mailing store called the "Newport Beach Business Center" affiliated with Fed-Ex:
https://plus.google.com/117449825190852707882/about?gl=us&hl=en
http://www.yelp.com/biz/newport-beach-business-center-newport-beach
According forum explanations by XUN Energy CEO Jerry Mikilajczyk, VEP partnered with Northeastern Consolidated Energy Partners, Inc. (NCEP) which was the actual bonded permitee for the Venangao County Wells. NCEP apparently also oversaw the drilling process on the Rice #15. NCEP President Jon Malis appeared in multiple You Tube videos updating XNRG shareholders as to progress on the Rice #15 well.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109653422
Does your ID name of "NCEP" and information in your post about working with VEP over the last four years indicate that you are affiliated with NCEP? If so, it would be very helpful to have someone involved in the PA wells participate in the discussion here
Contact information for IJJP and Cannaworx:
Clifford Pope, IJJ Corp (IJJP):
301-202-7762
cpope@ijjc.com
Cannaworks' apparent domain registration show a telephone number used by Robert Calkin for other ventures:
818-515-7600
bob@pentasystem.com
See also here: http://greendotguy.com/consulting.html
The website not yet active: http://cannaworx.com
Wild man: Given that Jerry Mikolajczyk has committed to issue over $2 million worth of free-trading shares to ECVI in exchange for dubious debts it "purchased" the proceeds of which go to himself and Peter Matosek and possibly other officers (I forgot which are included) as well as to Vencedor and CM Research as pre-payment for services to be performed in the future, XNRG has deprived itself of any ability to raise new funds through equity (convertible debt or direct stock sales) to support operating activities.
Vencedor (just one guy who uses a PO box as an address) is presumably going to drill more wells after receiving nearly $900K pre-payment but given the poor performance of #15 and the decline in the price of oil, it would be an obvious losing proposition.
No one in their right mind who truly understands the horrendous impact of that kind of toxic dilution would ever buy the stock.
Some companies go into a brief or prolonged quiet/dormant period after dilution has driven its share price to no-bid status followed by a reverse spilt. The previous shareholders end up wiped out when the dilution resumes as it always does. The company hype machine is ramped up again and promoters are engaged to stimulate buying by a new pool of investors. It's a common "wash, rinse, repeat" cycle of penny stock scams.
However it's rare for a company to have a known commitment to dilute so heavily -- especially when the new shares are not going to fund operations. Jerry and Peter may believe they can spin a compelling enough tale of good things that are going to happen that no one will consider the massive dilution.
Pre-paying CMR $365,000 for things like hiring subcontractors to post "subliminally and repetitively" on the Internet is apparently one of their strategies. Given that buying would be met with selling demand by ECVI, I'm not sure any subliminal and repetitive posting is going to be effective.
CMR also fills the role of trying to help XNRG intimidate people who express negative opinions or even documented due diligence that reveals the unfavorable aspects of the company or its officers and directors by collecting as much personal information as possible and threating further action.
.
Yes, IJJP has a DTC Deposit (DWAC) Chill due to unregistered, non-exempt shares being illegally sold into the float from multiple previous toxic financings by notortious entities including Big Apple Consulting, Fairhills Capital, Magna Group, Hanover Holdings and most recently Blulife.
Details of the chill were provided in this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110082744
Not only is it unlikely that the DTC would remove the chill, but it's doubtful that IJJP would even submit a request given the recent misuse of the Section 3(a)(10) exemption to issue what will likely end up as more than 2 billion new unregistered free-trading shares. Over 1 billion have already been issued as shown in this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
I'm sure that Randall Goulding, Cliff Pope and the other participants don't want scrutiny of this 6-company share-issuing scheme which probably violates multiple securities laws.
ESSENTIAL IJJP DD: New Link to Dilution and MMJ "Partnership" Information:
Anyone buying IJJP because they believe it is a legitimate company that will be receiving millions of dollars in revenue from medical marijuana needs to at minimum read the following two posts and scrutinize the document to which I have provided a new link:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110692889
The link to the "Confidential Private Disclosure Memorandum" which details the billions of shares to be issued by IJJP, TWDL, GEAR, ENTI, CWIR and HALB to certain parties (including IJJP CEO Clifford Pope) in exchange for millions of dollars in "hypothetical" revenue from non-existent, unlicensed medical marijuana farms has been disabled.
Links to this document and others were included on the http://cannabisheadliners.com website which was active for only three days. After it was disabled, I was still able to find links to most of the documents.
Because I believe this particular document, which proves that this six-company medical marijuana "consortium" is nothing more than a blatant share-selling scam perpetrated by a group of dubious characters, I suspected the remaining document links would also be disabled. Therefore I saved the documents on my computer and have uploaded them to box.net.
The "Confidential Private Disclosure Memorandum" can now be found at:
https://app.box.com/s/99fqspsilpfw054maheizew61fscjm8o
Original link (now disabled):
http://www.cannabisheadliners.com/images/PDF/4_disclosure_memorandum.pdf
Occasional small trades paint up the price of this ticker. It's quite possible that they are wash trades by Ken Ash as it's hard to believe anyone is really interested in buying stock in this dead company -- especially at anything above $.0001.
http://ih.advfn.com/exchanges/USOTC/PIPI/historical
Please link to the refutations to which you refer as I must have missed them. Disagreeing with statements is not the same "refuting" them (proving that they are wrong).
Have any of the following been proved false?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110692889
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110082744
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110641019
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110349886
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110291300
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109919908
Feel free to show how any of my other posts have been refuted.
Clifford Pope lied in that PR. As is shown in the "Confidential Private Disclosure Memorandum" for the share issuances, the 1,020,867,796 new IJJP shares he announced in a stealth PR yesterday -- but issued back in late November -- is just the first of three tranches as fully documented on explained yesterday in this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
The next tranche is due 75 days after the first, which would be in the next few days. The third tranche is due 75 days after the second.
Pope has lied repeatedly in PRs over the years. Read some of the old ones from the previous business plans that never achieved anything except massive dilution and a 1 for 1,000 reverse split:
http://ih.advfn.com/p.php?pid=news&symbol=NO^IJJP
Anyone who wants to know what's really going on with this bizarre 6-company consortium orchestrated by Randall Goulding, the attorney who represents all 6 (IJJP, TWDL, ENTI, GEAR, HALB and CWIR), should thoroughly read the "Confidential Private Disclosure Memorandum" (link given in the post below). Goulding is a convicted felon and is currently the subject of an SEC enforcement action.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110692889
The intense promo momo was finally allowed to run at the end of the day, with a $68 paint job to close at $.0027. The VWAP was only $.00215 as shown in the quote box of the chart screen shot below. VWAP = Volume-Weighted Average Price.
It will be interesting to see if the momo can bring this much higher, especially when the next tranche of IJJP shares hits the market. The dilutive nature of this bizarre Randall Goudling 6-company consortium deal is starting to be publicly understood as well as the fact that the future income being claimed is merely hypothetical.
Live chart:
WOM does not sell vaporizers or any of the other items shown in its non-operational "store" or in the iBox of this forum.
In fact, given that it isn't and has never been licensed, WOM can't sell the marijuana shown either and apparently has never sold marijuana despite the nice photos and false claims on its website.
Yes, IJJP has a DTC Deposit (DWAC) Chill due to unregistered, non-exempt shares being illegally sold into the float from previous toxic financings.
Details were provided in this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110082744
Not only is it unlikely that the DTC would remove the chill, but it's doubtful that IJJP would even submit a request given the recent misuse of the Section 3(a)(10) exemption to issue what will likely end up as more than 2 billion new unregistered free-trading shares. Over 1 billion have already been issued as shown in this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
I'm sure that Randall Goulding, Cliff Pope and the other participants don't want scrutiny of this 6-company share-issuing scheme which probably violates multiple securities laws.
The authorized common shares is still 3 billion but may have to be increased to accommodate the next two tranches of shares to be issued.
NV SOS for IJJP:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=9pgLydhg%252fH%252fIkreBWtuxPA%253d%253d&nt7=0
The IJJP share structure in the iBox is taken from the IJJP company profile page on OTC Markets which Clifford Pope updated as of 1/29/15.
Over 1 billion new free-trading shares were issued subsequent to 10/31/14 (most likely late Nov / early Dec) and many of them have already been sold into the float, which accounts for its increase. It's likely that the float is actually even larger today as the share recipients continue dump the newly-minted shares on the open market.
The 1+ billion already issued is just the first of three tranches to be issued. More dilution is to come with no guarantee that any income from the two currently non-existent marijuana farms will ever materialize. The A/S of 3 billion will likely have to be increased.
An explanation of share known structure issues including verifiable links and screen shots is given in this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
Verifiable information showing that the income claims are only "hypothetical" was given in this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838
IJJP Dilution: 1,020,867,796 new free-trading shares have already been issued for the first of three tranches in this sham share distribution scheme orchestrated by convicted felon Randall S. Goulding who has current SEC action against him for multiple violations.
Free-trading shares of TWDL, GEAR, HALB (shown as Tykhe), CWIR (shown as Fuzznbuzz) and ENTI (shown as National Properties) are also being issued as can be seen in the two screen shots from the Disclosure Memorandum. This is a mass dilution scheme to enrich Randall Goulding as well relatives and associates including Cliff Pope, CEO of IJJP (see Pope Enterprises in the screen shots).
According to the quarterly report for QE 10/31/14, IJJP had 1,166,384 000 common shares outstanding:
http://www.otcmarkets.com/financialReportViewer?symbol=IJJP&id=132178
The company profile on OTC Markets was recently updated to show 2,187,251,895 common shares outstanding as of 1/29/15:
http://www.otcmarkets.com/stock/IJJP/profile.
The difference of 1,020,867,796 is shown in the Disclosure Memorandum as being issuable in the first tranche.
There are two more tranches coming which will be based upon the average closing share price 4 days before each issuance. The tranches are 75 days apart and the fist tranche was likely issued in late November or early December. The next tranche could be issued soon.
Confidential Private Disclosure Memorandum:
http://www.cannabisheadliners.com/images/PDF/4_disclosure_memorandum.pdf
The total number of shares that would have been issued given the share price calculation was nearly 2.1 billion:
What is the source of your claims about World of Marihuana (WOM)?
This is what the WOM website says:
IJJP: The projected income is purely "hypothetical" and offered only "for the purpose of illustration." (See screen shot below)
The IJJP PRs are massively misleading in order to pump demand so the people who receive the billions of IJJP free-trading shares to be issued under this likely fraudulent scheme can dump them onto the open market!
Please read the confidential disclosure memorandum (link below) for details.
* The farming operations do not currently exist and may never exist.
* They do not have licenses and may ever have licenses.
* There is no income and there may never be income.
Of the $2.1 MM in hypothetical income for IJJC, $2 million is supposed to come from Michigan Plant Technologies, LLC (MPR) which was just organized on 11/27/14 by Ryan Goulding, Randall Goulding's son. Hypothetical income from World of Marihuana (WOM) is only $110K. (Screen shot below)
Confidential Private Disclosure Memorandum:
http://www.cannabisheadliners.com/images/PDF/4_disclosure_memorandum.pdf
Note that "Pope Enterprises," Clifford Pope's private enterprise, is a participant in the scheme owning 4% of MPT's hypothetical income.
http://www.cannabisheadliners.com/images/PDF/4_disclosure_memorandum.pdf
onpoint2.. The interview and article in your link both specifically mention that MJ penny stocks are not recommended. Todd Harrison is recommending legitimate exchange-traded stocks and says he wouldn't touch marijuana penny stocks. The video interview makes that clear in the first minute.
Harrison's advice is to to avoid penny stocks like IJJP.
David Lanz - Christofori's Dream
Recycled 2011 PR to pump and dump IJJP stock. See the old PR quoted below.
Lawson's appointment was announced in a November 2011 PR. He's supposedly been Vice President and COO for the last three plus years in which the company did nothing. Although he was announced to have joined the IJJC BOD, he was never officially added to the position as shown on the Nevada SOS website. The only thing that changed is that his title is Executive Vice President instead of just Vice President.
This sham PR is just a pump to drive demand for IJJP stock so the recipients of the over 1 billion in new unregistered free-trading shares (issued through the misuse of the Section 3(a)(10) exemption to registration) can dump their shares on the open market. More shares are due to be issued later this month.
Clifford Pope also announced the appointment of Tony Washington to the BOD in 2011 yet, like Lawson, he was never officially added to the Board.
http://ih.advfn.com/p.php?pid=nmona&article=49513155
The 2011 PR when IJJP's business model was disaster preparedness:
Stervc... Thank you very, VERY much for posting the online Request for Interpretive Advice submitted by Randall Goulding to the SEC Division of Corporate Finance along with notes he created memorializing his telephone conversation with "a female SEC representative" on August 25, 2014 from 2:39 to 3:04 PM CT.
Being that you and "Randy" Goulding are so confident that this telephone interaction represents "coordination" with the SEC and "confirms" agreement by the Commission's to "move forward" with this multi-issuer share distribution scheme, I'm sure neither of you object to me submitting it to the SEC as well along with the many reasons I believe that the scheme intentionally misuses/abuses the Section 3(a)(10) exemption as well as the Illinois federal court in an attempt to circumvent registration requirements for billions of shares being issued from six penny stock companies to Goulding himself (through his law firm) and various other individuals and entities.
If one takes the time to read both his request for interpretive advice and his notes, it's obvious the SEC staff member did NOT agree with Goulding's expansive interpretation of the application of the Section 3(a)(10) exemption as Goulding proposed. His notes seem to be a defense of his actions probably anticipating such a defense will be needed. The hubris shown in his notes is amazing.
The only way to get confirmation that the SEC does not object to use of the Section 3(a)(10) exemption from registration in a particular situation is to request a "no-action" letter. Because such a request necessarily includes the specific facts and circumstances involved, such a letter does conclusively state that the SEC staff would not recommend enforcement action against the requester based on the specific facts represented in the request.
Although requesting a no-action letter is not required before using the Section 3(a)(10) exemption, it is certainly wise to do so, particularly in such a convoluted deal as this which falls relies on interpretations of the statute beyond its clear intent and historically-approved application.
It is revealing that Goulding chose not to describe to the SEC the specific facts involved in this scheme -- which enriches himself and several other individuals through the issuance of free-trading unregistered stock -- by formally requesting a no-action letter before taking the scheme to the court for approval of the share issuances. No doubt he knew no such letter would be issued.
Regardless of the legality of using the Section 3(a)(10) exemption, the scheme is massively dilutive and relies on false and/or misleading information about non-existent, non-licensed medical marijuna farms and completely unsupported, hypothetical income streams supposedly to be shared with the six companies (IJJP, TWDL, HALB, ENTI, CWIR and GEAR) in the event that the indoor farms are developed, licensed and create income.
IMO there are serious violations of securities laws by multiple participants who have conspired in the scheme and sought to misrepresent it. I would not be surprised to see eventual enforcement action against individuals as well as the companies involved.
FWIW, this is not the first time I've seen this exemption used (abused) to improperly issue free-trading shares of penny stock companies. I've been aware of no-action letters, which can be requested regarding many actions a company or individual proposes to take, for years.
http://www.sec.gov/answers/noaction.htm
You are misinformed about WOM. It is not "one of the 3 biggest MARIJUANA companies in CANADA" and IJJP does not have a "partnership" with WOM. Neither WOM nor MPT are license to grow or sell MMJ. Both are relatively new entities which together need $4.25 million in funding to build farm operations that may or may not ever obtain licenses and produce income for the consortium participants.