Couldn't agree more, puppy! Evidently there are some who need to understand the entire architecture at work here. Your dealing with very educated- NON US RESIDENTS- who understand several key elements to this entricate puzzle.
A) Find an already registered business (US Company-Prime Time-FL)
B) Exploit it's existing management-(GREED!!!!!)
C) Facilitate a Name Change (Disguise the Truth)
D) Find willing Transfer Agent (Everything comes w/ a price!)
E) Complete minimal paperwork w/ Secretay of State (Florida)
***By the way***Kentucky does the same Admin. Dissolution for failure to file returns, Change in Registered Agent-for service of process, etc)
F) Complete FEDERAL paperwork w/ SEC-Stock Registration (Shares)
G) ***Hold SECRET Board Meetings to orchestrate item A-F
H) Issue some very impressive "PR" work, web, trade journals, etc. to generate EXCITEMENT!!!!
I) Offer SHARES of stock (To everyone who will accept as payment)
****CEO,CFO,EX-VP,"ADVISORS",Legal Counsel,***in lieu of CASH!
J) Receive listing on "pink sheets"-Knowing very well the trading AND reporting requirements are less stringent. Not to mention, MOST OTC Stocks are considered by MOST in the "Wall Street" Elite/and on the street as High Risk, Highly Speculative, Proceed w/ Caution!!!
K) Begin trading w/ Large Share Blocks EVERYDAY to capture MORE attention, investors, "Free Press", etc., etc., etc.,
J) Hold another "Board Meeting"- Time to do a Reverse Split, Forward Split, AND make I-Motion to Issue MORE shares, II-Approve said motion, III-File SEC (Edgar) documents to Issue more shares(I.E. Start w/ 750,000 shares....See "I" above. Decide to do a 3 for 1 = 2.5million shares now.
K) As result of item "J" above-stock share prices drops....
L) ALL Top Exec's, Special Investors(Other Corporations-Lumb,etc) buy up HUGE BLOCKS at Dirt Cheap Prices.
M) The Market-Me, You, Other "Shareholders" buy Large Share Blocks.
N) Hold another Board Meeting...Lets reduce our shares out standing.
O) Share price goes back up.
P) ****Wait for Restriction Period to pass for CEO,CFO,etc, to sell their shares.
Q) Keep playing a nice dance w/ State & Federal, plus NEWS-MEDIA
R) Avoid required paperwork, or file very minimal.
S) See Item "R" above- when filing ANY paperwork-choose care, caution, and proper Language & Wording....(Don't want any BLOOD on our hands)
T) ALL from "P" SELL OUT...And by now evryone gets the point.....
U) SEC, Investgation, "Pink Sheets-Caveot Emptor", Worthless Stock!!!
And, believe me...There are likely Hundred's, if not Thousand's of these types of deals going on.....By Staying on the "Sidelines" the really smart people stay out of jail, avoid fines, look for the next opportunity to set up shop and start over with he alphabet!!!!
By the Way...I could care less about a company's market cap!!!!
I want to see P&L, Balance Sheet, The real "Meat & Potatoes"
I want to know how much CASH they have....How are they going to pay their bills? I'm not a Bill Collector!!!!!
Just some thoughts....
KyBourbon