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May or may not be of concern for everyone here. But sounds like Jeff may have more problems on his hands. This time on a federal level. So, I would suggest everyone holding here or even thinking about investing into ACCA or any of his other stocks to take this under extreme consideration. This might be the thing that causes many of us to pull the plug if have not already done so.
After talking to some previous B&D employees. It looks like some of them have been requested to talk with the Small Business Administration about potential Paycheck Protection Program violations.
The PPP money that was collected by Jeff's companies seem to be what is of concern. The logic being he miss used the PPP money for things it was not meant for, potentials including used to repay what was owed to employees at B&D and Synrgy after he let them go prior to the PPP program, continued collection of PPP loans using fake employees, use of PPP funds in buying/starting up ACCA, and personal items (house?). Additionally, it looks like he may be claiming false number of employees as well under each of his companies for the PPP claims he submitted.
While I cannot verify everything talked about above, I can verify that Jeff's companies have gained PPP loans, number of employees Jeff is claiming under each company, and the timing is very questionable.
https://projects.propublica.org/coronavirus/bailouts/
PPP loan taken under B&D Consulting:
https://projects.propublica.org/coronavirus/bailouts/loans/b-d-consulting-inc-8560957307
PPP loans taken under Synrgy:
https://projects.propublica.org/coronavirus/bailouts/loans/synrgy-corporation-7000158503
AND
https://projects.propublica.org/coronavirus/bailouts/loans/synrgy-corporation-1369028208
PPP loan taken under Acembly (While under Jeff's control):
https://projects.propublica.org/coronavirus/bailouts/loans/acembly-inc-6298738606
For anyone who is not aware. B&D Consulting and Synrgy closed all locations and dropped every employee back in December of 2019. There has been no sign of rehire of employees, restart of technology that was being developed, or any positive expansion of any company (new work, new contracts, new employees) since. So, while looking at those PPP loan details in the links above, take a serious look at the "dates" and employees stated. Things are just not adding up here.
If anyone has any info on current actual "working" employees at B&D Consulting, Synrgy or ACCA, I ask that you please post up any info. I personally cannot find any trace of an actual employee outside of Jeff for any of those companies. And the employees of Acembly seem to have already left or are leaving because of not being paid (lawsuit).
I just find it a bit mind boggling that Jeff is claiming that many employees under his companies (35 as of March 5, 2021 for Synrgy alone), but there is no sign of actual employees in over 2 years. No linkedin or other social media profiles anywhere.
I agree with PhenixBleu.
There has been no new SEC filings.
There has been no new finds of dealings.
There has been no new court case updates.
There has been no new updates to website.
There is still no new gov contracts for any of the companies involved.
There is still no money coming into any of the companies involved.
There is no new known backers, investors, etc.
This is still a shell.
The shell is still registered to Jeff's house in SILVER SPRING MD (So, still does not have its own HQ building).
This shell is no different then it was a week ago.
SEC filings: https://www.sec.gov/cgi-bin/browse-edgar?CIK=1001463
Website: https://acaciadiversifiedholdings.com/
Pacermonitor link: https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al
DocketBird link: https://www.docketbird.com/court-cases/Patrick-Kennedy-et-al-v-Jeff-Bearden-et-al/cacd-2:2020-cv-11483
It could also be insider. But I would be very worried if so.
OR it could also be a group trying to peddle it as weed move again like back in January.
IU -> If he is able to get/stay current with the SEC filings, then the shell will be worth something to sell and potentially become something. But considering Jeff/ACCA are delinquent in filings, no business being merged in, no known investors stepping up, and SEC deadline approaching, the probability of this shell being used or sold is dwindling.
And your right, there is plenty of other shells (with potentially plenty of discount ones coming soon) out there. So, not sure Jeff/ACCA could find a buyer for this shell.
Yankee2 -> It may or may not be. The story is over if Jeff holds the shell and does not get it current before SEC deadline, then it crumbles. He may also ruin the capability of the shell by flooding share structure.
If he sells it, gets an investor, gets it current, or actually does something with it, then there is a possibility of the story going going on. And this is why I continue to watch the court case.
As powerbattles pointed out, the possibilities are open. But keep in mind what the probabilities are though.
powerbattles -> I appreciate the kind words sir.
You are absolutely right though, things could take a positive (or a much more negative) turn with this stock without notice. But the window is closing for any chance to have that happen.
39 business days
56 calendar days
powerbattles -> You were spot on. I really was not looking hard enough at the evidence and had tunnel vision. I must bow to your spot on sight with what was coming. I really did think he had a real plan to "bring everything together" and was making it happen. But as we see now, far from the truth. Which is sad considering the money and effort put into it.
Looking at Jeff now wanting to use a neutral mediation panel for mediation instead of jury, I assume he is trying to find an easy out. He knows he will lose massively if this went before a jury.
buccaneer1961 -> You are right, there were 2 new case updates finally posted up.
Jeff filed request for neutral mitigation yesterday.
"REQUEST for ADR Procedure No. 2 filed. Parties request to appear before a neutral selected from the court's Mediation Panel for mediation. Filed by Defendant Jeff Bearden"
Additionally, Tuesday, the judge granted the stipulation for the plaintiffs.
"ORDER GRANTING STIPULATION TO EXTEND TIME TO CONDUCT EXPERT DISCOVERY by Judge Stephen V. Wilson, re Stipulation to Continue, [48]. IT IS HEREBY ORDERED that Plaintiffs and Defendants may conduct expert discovery, including making disclosures and producing expert reports pursuant to FRCP 26(a)(2), by June 14, 2021 and the rebuttals thereto by June 29, 2021. (mrgo)"
https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
powerbattles -> As requested, resources used to compile.
https://www.sec.gov/rules/final/2020/33-10842.pdf
https://www.sec.gov/news/press-release/2020-212
#OTCcompanies will need to provide current public information, effective September 28, 2021, per amended SEC rule #15c2-11. #OTCMarkets will be looking for such #disclosure by June 30. #OTCPink companies that do not comply with the rule will be removed from Pink as of Sept. 28.
— Jurgita Ashley (@PublicCoLawyer) March 25, 2021
As the September deadline for the new 15c2-11 current information requirements is looming, the OTC Markets is requesting that all Pink No Information companies post current information on or before June 30, 2021 to allow for OTC Markets the time to review the... #AnthonyLG
— Laura Anthony, Esq. (@LauraAnthonyEsq) March 2, 2021
SEC rule 15c2-11 deadline:
Impacting Pink No Information and Caveat Emptor stock companies which need to provide required disclosures and get current to SEC/OTC Markets by June 30, 2021.
If the company stays delinquent in SEC reporting requirements by that date, Jeff/ACCA/SNGY will begin the process of losing their 211 and move to grey market being quickly followed by suspension/delisting by the SEC.
September 28, 2021 is the date in which this company will be pulled from the market by.
So, to put in simple terms, Jeff/ACCA/SNGY, you only have 40 business days left before June 30. At which point you lose all the work/effort put into ACCA and SNGY. For which you are basicly throwing everything away and you will have to start over from the ground up.
Again, Jeff/ACCA, you only have the following time left to get current before what you have becomes worthless.
40 business days
57 calendar days
For those still watching this for any hope of turn around, just a FYI there was a case update posted from yesterday.
"STIPULATION to Continue Cutoff for Expert Discovery-Initial Disclosures and Rebuttals Thereto from Initial: May 5, 2021; Rebuttal: June 4, 2021 to Initial: June 14, 2021; Rebuttal: June 29, 2021 filed by Plaintiffs Michael Asadoorian, Exirsoft Thechnology and Development, Inc, Patrick Kennedy."
https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
Bag_Collector -> Jeff appears to be the sole owner of ACCA and all of his other companies that has been posted here. The only sign of anything changing hands is the private company Acembly that Jeff bought. But if that does change hands due to the court case, it would go back to the original owners. The rest of the companies, I am not sure who would want to buy or invest at this time. Pretty sure Jeff would rather let the companies hibernate or die off before handing to someone else at loss.
I have not been able to find any evidence that would confirm any of the following:
* Silent partner.
* Any business partners.
* Any parent companies above ORCIM Financial Holdings, LLC (company that bought ACCA shell).
* Any other companies involved.
* Any evidence that confirms Larnell C. Simpson Jr. or Timothy L Matthews, Jr. is actually working at the ACCA.
* Anything showing that any of his companies are operating (No contracts, no employees, lack of funds, Lack of PR).
What we have been able to find is:
* Joseph Meuse apparently was helping to broker deal with Acembly. Maybe he got a broker fee?
* Loans he received to buy ACCA shell, Acembly, SEC paperwork came from either direct bank loans, bit of money he had sitting in B&D, and/or Covid stimulus loans.
At this point, we will probably see one of the following options:
* Company be delisted by SEC because of the rules that went into effect this year as the deadline comes quickly. Still no SEC fillings.
* Company collapse and goes dead.
* An angel investor comes along.
* A regular investor comes in but wanting 80% to 90% ownership.
* Jeff sells (as a whole or piece meal). Maybe that is how ACCA shell will get a new owner.
* Government or Banks take ownership if repayments default.
If anyone else has any other ideas or new info , would ask to please post up. Pretty sure all of us here would love to see this get turned around. But as it sits, just getting frustrated and expecting the worst. How did something with such potential go so wrong?
Open thought for Jeff Bearden -> Not sure what your doing Jeff since you are not putting out press or generating SEC fillings. But maybe you need to start looking at taking a different route to move forward. Maybe you should start by looking at your local and national options for trying to find a new way forward with your companies. At this point, I do not think it would hurt to try.
Another thing, what happened to all of that technology and products you had under B&D Consulting and Synrgy? Maybe it would be worth selling some of that off or lease the rights.
Co-Founder Networking: Find a Business Partner
https://www.meetup.com/Baltimore-Startup-Founder-101/events/277670048
Pitch your company in front of an audience and panel of expert VC and Angel judges
https://www.meetup.com/NYC-blockchain-meetup-group/events/275881453
OR
https://www.meetup.com/DC-Tech-Meetup-Group/events/275881629
US grant funding for startups
https://www.meetup.com/Rise-New-York/events/277817262
X Investor Series: Angel/Preseed, Seed, series A, series B+ Investor Conference
https://www.meetup.com/DC-Tech-Meetup-Group/events/275152967
yankee2 -> It is quiet because things really went south here. Not sure anyone has much to say. It did look great and indeed was a clean shell. But now we are dealing with the following:
1) ACCA/Jeff did not perform the SEC filings (Even with the extension they filed for).
2) Lawsuit shows Jeff apparently lost his backers and has no money from any of his "companies".
3) Lawsuit has trial in August. So that matter will not be resolved till after then. Additionally, it does not look it will go in favor of Jeff.
4) ACCA/Jeff are not communicating at all publicly.
5) SEC's new rules look like they will be removing ACCA from the market considering Jeff/ACCA is not providing the filings.
6) Looks like everything Jeff touches dies. There has been no sign of life from Acembly since end of February. No new postings on ANY of their social media accounts. Also, they removed all contact information from their website. Looks like Acembly went into hibernation.
https://www.sec.gov/cgi-bin/browse-edgar?CIK=1001463
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
IU -> You may very well be right.
Sadly, its because "http://www.FaegreBDC.com" is not connected. From what I can gather, Jeff chose the wrong "B&D" company when setting up his LinkedIn account and never fixed it.
Buccaneer1961 -> Do express in a civil manner the dislike of how things have been handled, but do not turn it into a hate mail/messages. No reason as hate mail as it will not accomplish anything other then just make people more angry. Lets try and be productive with any communications as we do want a happy conclusion to this story.
Well, here we are, last day for Jeff/ACCA to file with SEC. It does not appear that they have any further extension under covid past the "15 calendar days" granted by Rule 12b-25(b). If this is incorrect, please post up. Good luck to everyone hold/investing to what may come.
https://www.jdsupra.com/legalnews/staff-guidance-on-rule-12b-25-in-light-91535/
Buccaneer1961 -> Sadly that does not seem to work. Even emailing any of his email company addresses does not work. Just crickets as he/his companies avoid talking at all publicly. Maybe he missed the emails though.
If others wish to try though, here are his various publicly found email addresses collected by the group that you can try. Maybe someone could get through and find some answers. If you do, make sure to contact with productive and friendly conversation, do not turn it into hate rants. We are only looking for answers to what is going on. Heck, maybe someone in the group might be able to help Jeff/ACCA with connections or so forth.
jeff.bearden@b-dconsulting.com
(Found here https://paganresearch.io/details/bd-consulting )
info@synrgycorp.com
(Found here https://www.otcmarkets.com/filing/html?id=13165277&guid=FGH3U6R4Lc6SWth )
jeff.bearden@synrgycorp.com
(Found here https://www.zoominfo.com/people/Jeff/Bearden )
info@acaciadh.com
(Found here https://acaciadiversifiedholdings.com/about-us-2/ )
jeff.bearden@acaciadh.com
(assuming he takes the same pattern as his other email address)
info@p3partnersllc.com
(Found here http://www.p3partnersllc.com/contact.html )
jeff.bearden@p3partnersllc.com
(assuming he takes the same pattern as his other email address)
Along with the email addresses, you can try contacting him by call/text as well.
(301)992-2177
(Found here https://acaciadiversifiedholdings.com/about-us-2/ )
(Also fund on the SEC filings https://www.sec.gov/Archives/edgar/data/1001463/000118518521000430/acaciadiv20210325_nt10k.htm )
(Also found it here https://www.fastpeoplesearch.com/jeffery-bearden_id_G-8804654278964901818 )
Interesting thing to point out, looking at the last link (fastpeoplesearch), it appears he is living out of the address he listed on the SEC filings for the "Address of principal executive offices".
(Found here https://www.otcmarkets.com/filing/html?id=14344666&guid=oWfpUnzRuv0kTth )
Well, we are coming up on the end of the "15 calendar days" (April 15th) by the SEC Form 12b-25 filed by Jeff/ACCA.
https://www.investopedia.com/terms/s/sec-form-12b-25.asp
Considering he is yet again waiting till the last minute, I have the feeling that one of two most possible options are going to happen. And this is just me talking out loud.
1) If they do file, it is going to be complete empty filing. Would simply say nothing has changed and operating without any income.
OR
2) Wont even file.
While I would prefer option #1 over #2, neither are happy options.
Maybe in 2 to 3 years things will have a much better outlook. Though I have a feeling he is going to flood the market with shares and wreck the beauty of the potential. Good luck to those that continue to hold or invest into ACCA. I should put my shares in closet and forget about for awhile. As it is only frustrating me at this point how Jeff is starting to really shine as a wrecking ball with companies he touches. I feel bad for all the employee lives he has put into hardships due to his inability to run/maintain companies.
knrorrel --> That would be up to each person/investor to decide for themselves.
There has been a lot of effort and money going into this. But Jeff's track record has been going down hill for the past 2.5 years. Recent events/case records are pointing to it wont be fixed anytime time soon if it is at all.
I personally have not sold anything yet. Actually, I have been adding. At this point, I will put my shares to the side and forget about them for awhile. Maybe I will be surprised later down the road. But no one knows for sure.
If you haven't seen the 6 part National Geographic documentary "Valley of the Boom", I would highly suggest it. It gives 3 good examples of what could happen here. I bring this up because some of the old employees have pointed to Jeff/his companies being somewhere between "Pixelon" and "theGlobe.com" story lines.
"Valley of the Boom" YouTube trailer
Beyondfruit --> Correct. ACCA has not been apart of the case officially. The case has only involved the entities that Jeff represented himself under while acquiring Acembly or was involved with the final transaction. During the buy of Acembly, Jeff represented himself under P3 and Synrgy. But was using money supplied by B&D.
And correct, a good many of us here are under the assumption of ORCIM Financial Holdings, LLC being reversed merged into the ACCA shell. Which would then start building out its holdings by taking in SNGY/Acembly.
I have been watching this case as its the only insight being made public of anything going on behind the scenes with Jeff. Outside of that, Jeff/ACCA has not been making anything public. As we sadly have been seeing, Jeff/ACCA have not been making good with fillings (both filling late and no substance).
There is nothing stopping Jeff from acting on any other plans with ACCA. But from the recent filings, Jeff/ACCA has been claiming COVID and no money. From the court case, there is clear indication that Jeff is unable to gain any additional financial backing at this time. He can not even pay salaries or healthcare for the employees of Acemebly (Which started this whole lawsuit with Acembly).
So, unless he is able to gain investor(s), it looks like this adventure is at a stalemate and probably will not change until the court case is over. But not sure what investor would touch this situation without Jeff really giving up something to them.
At this point, I would have thought Jeff learned his lessons from the failures of B&D and Synrgy. But it is becoming clear that Jeff is killing everything he touches. Talking with ex employees, it seems Jeff has a history of trying to go for "quick wins" and "golden eggs" while promising more then he can actually give. Unfortunately it appears though he is unable to make anything work. I thought the one backer we have found out about from the court case (Joseph Meuse) would have been good enough to get things going, but appears not. Another thing I learned from talking with old employees is the success that Jeff had with B&D appeared to be based on underlying help from some big mentors. But he got rid of them or burnt bridges with them. That is when things started going south for Jeff/B&D/SNGY 2 years ago.
Joseph Meuse info: https://businessgpsllc.com/our-ceo-and-founder/
At this point, All we know for sure is Jeff has 5 companies on paper (B&D, Synrgy, ACCA, ORCIM, and Acembly). Only one of those "companies" has any product/service/actual employees......Acembly, which is currently locked up in the lawsuit. The other 4 appear to be just empty "shells" at this time. If anyone has any confirmation of any of the other companies officially doing, please let me know.
Case update posted late yesterday:
"CIVIL TRIAL PREPARATION ORDER by Judge Stephen V. Wilson."
https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
Lol, why not....crowd sourcing has been doing positive things.
Form 12b-25 provides the issuer with 15 additional calendar days to file a late 10-K and five additional calendar days to file a late 10-Q. Moreover, if the late report is filed within the 15-day or five-day extension period, the report is deemed to have been timely filed.
https://www.securitieslawyer101.com/2019/form-12b-25-extension/
Now, I do not know if SEC added any additional time to the "15 days" because of Covid as they have with other extensions.
https://www.sec.gov/corpfin/covid-19-related-faqs
But looks like Jeff/ACCA are gripping at a last option 15 day window. We shall see what happens.
That is a true bummer and a bit of a gut punch. No "funds" to even file current even though supposedly there was no "significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements".
I am not sure what Jeff/ACCA is doing. Waiting for court case? Out of funds? Buying time for something? In trouble financially? I just do not know.
I see and understand what the end goal for Jeff/ACCA is. But how they are going to get there is now a really cloudy path. SMH.
I personally believe action is coming. When exactly? I do not know. But, I do know a lot of money and effort has been put into this. Also, something that I cannot stop thinking about is the P3 backing out of their motion to leave the lawsuit. Which is why we didn't get the court hearing last week. So, that to me means they P3 is sitting comfortably and no reason to put up any kind of legal fight. Why? What is it that they know? Think about that for a bit.
Outside of that, I have been silent because I have nothing new to share with the group. I will keep holding (adding where I can)and wait patiently. Hopefully we get some kind of news soon.
yankee2 -> I received your PM, but unable to reply as I do not have a paid subscription to Ihub. If you want to chat, you can hit me up on twitter: @billy28227047 or stocktwits: @billy28227047.
H~E Pennypacker -> I had the same kind of thinking going on playing devil's advocate as well. Really, at this point, the 31st "deadline" is only set by the ACCA SEC extension ACCA filed for. Past that, I do not see anything forcing them outside of the SEC rule enforcement that was announced back in January (crackdown of OTC companies that do not file by the Amended Rule 15c2-11 deadline I believe it was).
I will continue to wait and see what happens. Will continue to watch the court case to see if any new info pops up that could give us any insight.
PhenixBleu is correct. The motion to dismiss is in regards to the P3 Partners, LLC aspect.
So it appears we are in a holding pattern until there is a new case update or SEC filing.
Case update posted late yesterday:
"IN CHAMBERS ORDER/TEXT ONLY ENTRY by Judge Stephen V. Wilson re: MOTION to Dismiss Case filed by defendant [23] - The motion is submitted. Order to issue. The hearing scheduled for 03/22/2021 at 1:30 p.m. is vacated and off-calendar. THERE IS NO PDF DOCUMENT ASSOCIATED WITH THIS ENTRY. (pc) TEXT ONLY ENTRY"
https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
Bag_Collector -> I personally found the information by asking old employees. Do not be afraid to talk to current and former employees of companies you are investing into. Great source of info and insight when you get it.
I can not speak though about the how the person you were originally asking that question to. Hopefully they can chime in and say how they got their info.
Everyone should be reading those filings like me and you (PhenixBleu). I do not know how people can "blindly" invest or find game changers without knowing as much as they can of what is going on under the hood. Additionally, I do not disagree with your points PhenixBleu. They are very much valid.
One thing I want to state off the top, KEEP in mind what we are talking about here with the COURT CASE. This case is about ACEMBLY and SNGY. While we have concluded that Acembly/SNGY would be going under ACCA as a holding, the exact details of case may not directly reflect the (financial/business) situation under ACCA. So, keep that in mind when looking at the case.
So, having sat down and read through the latest round of court cases yesterday, I am left with MANY questions and WTF's. I was really pulled back by what was admitted to and what is denied. I walked away to think about it for a bit to think about it, and then came back to reread.
After having a quick call with a legal connection, I have a new sense of understanding. Anyone ever hear the phrase, “Why buy the cow when you can get the milk for free?”.
I admit, I am not a profound business professional. While I do understand the basics of how businesses run, I would not be able to control/run a fortune 500 company. That requires thinking on a high level and being able to play extreme chess with business needs/desires.
While I do not have time to lay out the entire call conversation with my counsel, I want to give some highlights and things for you guys to think about that kinda opened my thinking. The following should only be taken as open thought based on educated thinking.
1.Jeff does appear to officially own the Acembly that he wants to put into the SNGY shell.
a.He is probably being forced (by his counsel) to hold the RM until the case settles.
2.It is 2 former employees (and the company they work under now) that are suing.
a.We currently only have a “he said/he said” situation. We need more exacts of the situation.
b.When do we see the final signed/sealed deal paperwork? Only seen a LOI at this time.
c.They seem to officially only being kept on for transition counsel for short time period anyhow.
d.They were not being kept long term from what I see from the case. They were not needed for long term operations.
3.The actual engineering staff and product IP not the issue of the court case.
a.What if Acembly was bought for the support staff and intellectual property?
b.What if Jeff bought Acembly for its IP to place into another company (then shove into SNGY)?
c.What if there is more than just Acembly going into SNGY?
4.What if Jeff is using this move to “trim the fat” quickly under Acembly?
a.Keep in mind he is working in a very tight environment because of Covid.
b.What if he was following his counsel to only do the “minimum” to officially gain legal control of Acembly?
5.We still have no idea what else is going on behind the scenes.
a.What if he and his investors are funneling funds to bigger fish at this minute?
b.While we have shown financial backing connections for ACCA, it does not mean they are backing SNGY.
c.Building SNGY may be a “bonus” move on Jeff’s part in the grand scheme. Might explain why it SNGY funds seem to be on Jeff’s shoulders.
d.Doing what is “morally right” is not always “business right”.
e.Jeff already has much invested across the board from what we can verify. why would he let that effort go to waste?
6.While he be able to obtain small business covid loans from the latest stimulus to correct things in a better light?
There are more things I missed but wanted to at least get some thoughts out there for others to think about. And as always, if you see anything different or have anything to add, please speak up. Its always better to have open conversations.
As always, please do your own DD and do what you believe is right for you and your money. I would just say to really give this serious thought before tossing in the towel or investing deeper.
Upfront and in the open, I am holding a sizable share count and will continue holding it. I will continue adding to it and will not be selling a single share till a much higher PPS. I am willing to chance holding the bags here if worst case scenario happens. From my DD, I really do think we have something great brewing here. It may start blooming at the end of this month or maybe it needs more time to bloom next fall. I do not know, but I will be riding this ride and find out as I believe it will be worth it for me.
Read the CASES documents!
https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
buccaneer1961 -> It is stated in the court documents. You will have to look through them to find that acquiring date as I am away from my computer for the weekend.
buccaneer1961 -> Bellow is the court filing it was put out with. It was one of the Exhibits.
02/16/2021
OPPOSITION re: NOTICE OF MOTION AND MOTION to Dismiss Case 23 filed by Plaintiffs Michael Asadoorian, Exirsoft Thechnology and Development, Inc, Patrick Kennedy.
Declaration of Patrick Kennedy
Exhibit A to Kennedy Decl.
Exhibit B to Kennedy Decl.
Declaration of Alexander Kandel
Exhibit A to Kandel Decl.
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al
Quick court case update:
"ANSWER to Complaint (Attorney Civil Case Opening), [1] with JURY DEMAND filed by Defendants Acembly, Inc., B and D Consulting, LLC., Jeff Bearden, Synrgy Corp.(Attorney Michael B Wilson added to party Acembly, Inc.(pty:dft), Attorney Michael B Wilson added to party B and D Consulting, LLC.(pty:dft), Attorney Michael B Wilson added to party Jeff Bearden(pty:dft), Attorney Michael B Wilson added to party Synrgy Corp.(pty:dft))"
I will look into the details filed in the day or so.
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al
PhenixBleu -> Court case shows Jeff/his companies buying Acembly. The case also proves that Acembly was being Reversed Merged into Synrgy ($SNGY).
This is important because from what we have gathered on limited info points to Jeff using $ACCA (ORCIM Financial Holdings, LLC) as a holding company. For which $SNGY will be one of its many holdings. Think of Jeff's others companies as well.
Short version of what we think we will be seeing with ACCA in filings to come.
1) This next filing, that we are currently waiting on, we believe would include any (or all) of the following:
* Reverse merger of "ORCIM Financial Holdings, LLC" into ACCA Shell.
* ACCA to announce more C-Level staff.
* ACCA to announce HQ.
* ACCA to announce direct investing/backing/loan info.
2) Follow-up filings over the next 1 to 12 months we believe would include the follow:
* Acquisitions of any companies. Potentials include (but not limited to) B&D, Synrgy/Acembly, P3,etc...
* Announcements of partnerships.
* Announcements of current contracts.
* Announcements of future contracts.
For anyone interested, these older post of mine has a bit more information on why Acembly would be important and an idea of what Jeff/his companies are aiming to start building out:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161114854
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161240328
Of course, if anyone has info that points to another path, please share here. With Jeff/ACCA being so tight lipped at this point, there is little info we can go off of. Most of the insight has come from the Jeff/Acembly court case and the little that has been released from SEC filings. So until the case settles or we get new SEC filings, I think we will continue be in the dark.
PhenixBleu -> As requested, see below:
https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al
Additional Case updates. Will get deeper details in the next day or two when I have a chance. Till then, here are highlights.
Update 1:
Notice of Appearance or Withdrawal of Counsel: for attorney Nicholas Allen Kurtz counsel for Defendant P3 Partners, LLC. Adding Nicholas A. Kurtz as counsel of record for P3 Partners, LLC for the reason indicated in the G-123 Notice. Filed by Defendant P3 Partners, LLC. (Attorney Nicholas Allen Kurtz added to party P3 Partners, LLC(pty:dft))
Update 2:
REPLY in support NOTICE OF MOTION AND MOTION to Dismiss Case [23] filed by Defendant P3 Partners, LLC.
Update 3:
OBJECTIONS to Objection/Opposition (Motion related), [33], Objection/Opposition (Motion related), [29] Request for Evidentiary Rulings on Specified Objections to Amended Declaration of Patrick Kennedy (Doc. 33-1) and Declaration of Alexander Kandel (Doc. 29-4) filed by Defendant P3 Partners, LLC.
knrorrel -> Most of us here believe that Jeff is waiting to get SNGY/Acembly RM finished before announcing any news for ACCA. It is believed that he wants to do everything in a very quick manner.
But there is nothing stopping him from filing "current" with ACCA. It is just a decision between him, his companies, and his advisers.
H~E Pennypacker -> Appreciate the input on the matter.
Odd court case update posted. It looks like the Judge is changing things up again...? I wish I had more details of whats going on here.
"IN CHAMBERS ONLY/TEXT ONLY ENTRY by Judge Stephen V. Wilson re: Stipulation to Clarify [37] - Plaintiffs amended opposition papers were accepted. Defendants reply remains due on March 8, 2021. The hearing on Defendants motion remains on calendar for March 22, 2021. THERE IS NO PDF DOCUMENT ASSOCIATED WITH THIS ENTRY. (pc) TEXT ONLY ENTRY."
https://www.docketbird.com/court-cases/Kennedy-et-al-v-Bearden-et-al/cacd-2:2020-cv-11483
https://www.pacermonitor.com/public/case/37594863/Kennedy_et_al_v_Bearden_et_al