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There's a reason why the CEO resigned when the price was at an all-time low, with all-time high debt- and guess what? He accomplished NOTHING but dilution in all his years as CEO of this scam. Use some common sense.
Please stop spamming the board with deliberately made duplicate posts.
I swear, if it's Melvin.. I might die of laughter because he will be offering his involuntary resignation days later.
DEVASTATING NEWS! THAT MEANS EVERYTHING WAS A LIE JUST AS PREDICTED! EVERYTHING FROM THE STADIUM, TO THE LIES THAT THE BCSC HAD NO LEVERAGE, TO THE AUTH REDUCTION AND CATASTROPHIC DILUTION.
E V E R Y T H I N G
AND I MEAN EVERYTHING POSTED IN PRs WERE LIES!!
So.. who was right? and where is smitter?
AGREE 100%, GREAT NEWS!
Are they going to announce MELVIN as his successor on the 9th?
I will literally fall out of my chair laughing.
Here, I'll offer this. I will actually be flying to Costa Rica on official business if Melvin is named. Already have my FTA and itinerary posted for September 12 just in case. Can't wait!
Let's just say that we got a good look at the fake site he was putting together on his personal domain. Already processed as evidence.
GLTA
LOL AT THE HUGE POST-LABOR DAY NEWS! MALC AND I WERE SPOT ON!!!
BOOM! MY MARKED POST! CALLED IT AGAIN!!
Right at the bottom:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105251942
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105650360
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105664456
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105674826
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105742623
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105811082
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105823035
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105900842
LOL
I guess my "source" was spot on.. guess that means R/S news will hit soon! The END OF OTHM!!!!! Finally.
Is there a reason why the CEO, a Canadian citizen, of OTHM, a Canadian company, was recently BANNED from his position and BANNED from promoting or operating as an executive by the Canadian government?
Did I forget to mention that OTHM now owes the Canadian government over $100k in fines for their fraudulent and illegal activities? Isn't that about a billion times more than OTHM is worth or has in assets?
Did I mention that OTHM is Canadian and has no business or presence in the United States other than filing for corporation in my state under a fraudulent address just to get on the markets to steal.. I mean indefinitely borrow.. from US citizens?
What is going on here????
OTHM's current O/S is approaching 3 billion shares.
I bet you guys are excited about having to wait until March 2015 just to see today's S/S. The benefits of a gagged TA!!!
Any guesses on what the O/S was back in April, May, June, July, or August? Just another month or so and we will find out! Or maybe not.. maybe they will opt for the caveat emptor so they can hide the truth indefinitely while they dump a billion or so more shares to pay off those BCSC fines.
Buuuuuuuuuuuuuuuuuut I already know. It's getting dangerously close to 3 billion and the float passed 2.25 billion a couple weeks ago.
Just remember! The man who, according to the BCSC, mislead others, lied, and committed blatant violations of Canadian policy and regulation, is also the one who said "no toxic financing" "non-dilution financing"
.. the same man was also recently banned from his executive position at OTHM by the Canadian government.
I expect to see a resignation, Ken Chua moving back to Asia, then a new knight in shining armor CEO appear out of nowhere blaming the entire disaster on Chua.. who fled the continent and is no longer liable for OTHM's shortcomings. Then, writing off all of the "losses" on the shareholders and moving on with a R/S and a new platform of dilution and lies!
See you guys there!
Mr. Chua values your opinion. You should ask him to stop diluting his stock into a death spiral. Maybe he will think about you next time he plays with his dump knob.
Chua is BANNED from operating as an executive of this company for years in Canada. BCSC put it in plain English so everyone, Berlin included, can comprehend it.
OTHM's other employee is banned as well.
Say hello to your new dormant pile of garbage.
Meanwhile, the SEC is making progress toward shutting this scam down on the US side.
OTHM is not an American company in any way whatsoever. They are regulated by the Canadian government and the Canadian government has officially banned both OTHM executives from operating as executives. OTHM is entirely crippled.
It was never a real company in the first place, so you probably won't notice any difference now.
OTHM can still continue to release lies in their PRs and blog, but fact is nothing is happening with this garbage company.
Yes, perhaps we will get a resignation PR soon. I'm assuming that Melvin will be named the successor.
I've been busy at work. I don't have time to watch how a scam stock trades. I only care about the facts about this company, not how pathetic it is trading.
I feel that a company that is a promoted pump & dump scam is likely going to sit on a perpetual downhill trend forever. Isn't true about OTHM and every single company OTHM used to be?
Unfortunately, Chua has been banned from acting as an executive of OTHM. Wonder what he was doing in Costa Rica? Bringing bread for his daddy?
Where exactly did you read this?
Anyone notice Melvin took down the "new" fake booking site after I posted about it here?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105465797
Embarrassing, right?
For those that don't understand how this scam will play out..
The personnel in charge of manipulating this stock will not allow it to run past .000s until a set proportion of bag holders liquidate their positions. It simply will not run until there is an acceptable number of investors holding out. A cross-trading scam cannot run and succeed if bag holders clog up the ask when they try to frantically liquidate their positions and get out. It stalls the artificial run as their carefully calculated inflation requirements are executed prior to the dump and causes the personnel in charge to release larger amounts of shares to bring in revenue they could have achieved if they ran the price up through cross trading.
OTHM is in a position where they have to choose between dumping anywhere from 1-3 billion shares, at current prices, in a quarter just to pay out their salaries, or pump the price up to .001, .002.. etc. and dump a fraction of the shares to meet the equivalent revenue requirements.
Not that I'm saying that I know what's going on behind the scenes, but the personnel running this scam have determined that there are too many bag holders in order to adequately and efficiently run the prices back over .001. They are in a position where they will have to sell anywhere from 2-11 billion shares before the end of the year just to pay their bills (salaries) and the recent fines that were leveled against them.
OTHM executives have weighed whether to push through the bag holders with brute force, or to execute an R/S next quarter to facilitate their dilution requirements.
Which do you think they chose?
Notice the freedom and volatility they used to have back before the retail and individual investor bags started to accumulate. Now they are so bogged down from the dilution and resistance, they have to choose between using a parabolic increase in volume or executing a R/S to maintain a bid.
Give berlin a break, he doesn't have a firm grasp over the English language yet.
Just got word that 2015 will be THE YEAR. 2014 is no longer THE YEAR.
Is Chua going to announce his resignation on Tuesday? or the R/S?
Who's OTHM's new CEO going to be? Melvin Pereira? LMFAO
I see OTHM .50 end of year.. could be higher depending on the R/S ratio.
Finalization? Is Chua resigning (as predicted)?
I'm not sure "news" is a bunch of leading PRs that essentially mean absolutely nothing. Have any of the PRs released this year had any cited or verifiable proof of actual progress? or just a bunch of "coming soon!" "in the next few months!" "still working on it" bull
Funny because you're the only one denying them.. Probably because you're the only one who didn't do even 5 minutes of DD. Everyone knows the facts about OTHM.
Let's look at the facts:
Massive dilution
No revenue
No hotels
No real assets
BCSC sanctions and fines to talking over $100,000
Hundley in prison
Daystar shutting down
Stadium was a lie
Auth reduction was a lie
Anyone going to question any of this?
Let's look at the facts:
Massive dilution
No revenue
No hotels
No real assets
BCSC sanctions and fines to talking over $100,000
Hundley in prison
Daystar shutting down
Stadium was a lie
Auth reduction was a lie
Anyone going to question any of this?
Just got off the phone with my "source", he is still held awaiting trial. Funny, since Costa Rica Times will issue a news release once he makes bail, yet they haven't.
You too, hope you start doing some DD on this company before you put your money in. It should only take about 10 seconds to make your decision.
Please don't go around on this board or others making statements based on nothing but your imagination. There are resources out there that are usually more reliable.
He IS in prison right now. He can't make bail therefore he is being held until his trial. And face it, what the hell are the odds of his getting away with this? He took the money and ran and now he is caught red-handed with the money invested in his own endeavors.
Up to 10 years in prison.
Why don't you take 10 seconds to look and find the truth yourself instead of taking 30 seconds typing up an irrelevant and embarrassing post on here? It is VERY COMMON knowledge that Hundley is in prison AT THIS VERY MOMENT. They lowered his bail from $3 million to $1.5 million, yet he still can't make the payments because it will be revealed that the money he stole didn't go towards the intended use, but in fact went into his own endeavors and that money is now inaccessible without presenting further incriminating evidence.
DAYSTAR HAS SHUT DOWN OPERATIONS IN COSTA RICA.
DAYSTAR HAS REMOVED HUNDLEY FROM THE COMPANY.
OTHM'S ONLY PARTNER WAS HUNDLEY ASSOCIATES.
DO THE MATH.
OTHM could collapse as a company any moment now. Both of its two employees have been banned from operating as executives!
Oriens has NO assets.
So.. I've been reading this exact same statement for a year now. What happened to all the high hopes and news from last year? Did anything materialize?
FACT: OTHM has to sell billions of shares PER QUARTER at these prices just to make MINIMUM payments against their staggering debt.
OTHM is a BANKRUPT company that is still afloat thanks to shareholders making tax-deductible donations through share purchases.
Expect to see a billion share day in the next 6 weeks.. and it won't be a green day.
LIES IN THE PR
Since when is OTHM "based" in Las Vegas? What exactly do they have in Las Vegas?
Yes, this applies to United States promotions as well. The company is entirely based in Canada, so any promotional activities initiated by Chua or Anderson, the ONLY employees of OTHM, will be in violation and could easily lead to identities of promoters being revealed publicly.
Therefore, OTHM is entirely banned from promotions in all markets and countries.
OTHM's O/S currently exceeds 2.5 billion shares. Don't believe me? Mark this post.
And check back here when the filings (and the truth) is published in the Q3 filings OVER 8 MONTHS FROM NOW when Chua is long gone and the R/S is completed.