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Weeeeeeeeee indeed!
That downhill slide was a blast!
Weeeeeeeeeee
I still have hope that Chieco will be charged.
I submitted what I had on the SOB to the SEC. EVERYBODY ELSE should demand charges as well!
The SEC considers him nothing more than a mouthpiece for Barton.
By September 2011, Barton purportedly had resigned as CEO and sole director of MedGen and was replaced as CEO by another individual. The new CEO, however, held the position in name only; Barton continued to manage and otherwise control the company.
"I have explained this before, but I will explain it to you again, although I'm going to ask that people in the future go and read up on my past statements about this. Initially we were going to be carried in 5 major retail stores as a promotional end panel item. This is great but does not guarantee re-orders etc. When Hurricane Sandy hit, distribution in the NE was disrupted and this gave us time and opportunity, and we were able to negotiate permanent shelf space. The problem with permanent shelf space is that most stores do what they call "plan-o-grams" twice per year for our section. September/november and June/July. Since we missed September, we are aligned for June/july and look forward to gaining permanent space at that time. Now when June comes and the plan-o-grams are distributed to the various stores, they still have to get to it. Not every store can do it on june 1st and so the generality is that they get to it before July 30th. It shouldn't take longer, but has in the past. it's really dependent on the store."
The last sentence of that email says, "So basically, the way I see it, hold on to this stock and you will make at least 3-400% within 6 months...where else will you get that kind of return?"
Right you are!
Those who bought hundreds of millions of shares at .0005 may find their lives altered dramatically when the stock hits .0001 and they’ve lost 80% of their investment.
This is gonna be a life changer!
FYI, I never said a word about dilution! I don’t care who’s doing the selling.
Nor do I care who’s doing the buying, since it sure as hell ain’t me.
Considering we have been confirmed on multiple occasions that the os is exactly what it was December, I would say yes, no dilution. Since I have proof of no dilution. Show me the proof that there is dilution. You have none.
2. During the period from October 2012 to February 2016, defendant Barton masterminded the scheme, which worked as follows: Barton and Goode acquired the outstanding convertible debt of several public shell companies including MedGen, Inc. (formerly known as Northstar Global Business Services, Inc.) (“MedGen”), Alternaturals, Inc. (formerly known as Premiere Mortgage Services, Inc.) (“Altematurals”), Manzo Pharmaceuticals, Inc. (formerly known as Fortune Oil and Gas, Inc.) (“Manzo Pharmaceuticals”), and Solpower Corporation (“Solpower”) (collectively, the “Issuers”). Barton and Goode —— together with defendants Briggs, Manzo, and Sindelman (each of whom served as a chief executive offcer for one or more of the Issuers) — then caused the Issuers to issue Barton and Goode unregistered stock.
4. After many of these announcements, Barton and Goode sold the Issuers’ stock to the public knowing that those stock sales were not registered with the Commission, and thus, were illegal absent a valid registration exemption under the federal securities laws.
5. As a result of their fraud, and through their illegal stock sales, Barton and Goode personally received more than $4.6 million, and Sindelman, Briggs, and Manzo received tens of thousands of dollars in kickbacks.
It’s ALWAYS under new management! How long did Romerio last?
Right now it’s a clusterF and no one’s in charge!
We are still at the stage of deciding exactly what our board of directors will look like and of the experienced management team involved, who will take the position of CEO, COO, and CFO
Soooooooooo?
Go take a look at ANAS! Their most-hyped MJ product was pure fiction! It didn’t exist.
I see no difference here. There are bogus PRs in pinkyland every day!
The SEC complaint filed in court last week against the owner and his cronies is an interesting read for anyone interested in penny stock fraud. It went on for years, but they were eventually busted.
From the SEC fraud complaint:
51. In early 2014, Barton knowingly caused Altematurals to issue a series of false and misleading press releases concerning the company’s purported entry into the medical marijuana industry, while he and Goode simultaneously sold unregistered shares of the company’s stock to the public. Barton knew that the press releases were false because he controlled the company.
52. On March 24, 2014, Barton drafted, and caused the company to issue, a press release announcing that the defunct mortgage servicing ?rm would be changing its name to Alternaturals and ‘‘will be releasing a product line consisting of hemp, medical marijuana, and many natural substances as alternatives to prescription drugs.” The press release noted that “several” of the “products harness the many positive properties of Cannabis or Hemp, more widely known as marijuana,” and that “some of these products contain THC, the active ingredient in marijuana that causes intoxication.”
53. The March 24 press release was false.
At that time, Altematurals was not developing any marijuana products.
54. On March 31, just a week later, Barton drafted and caused Altematurals to issue a press release announcing its “plan . . . to become the premier distribution company for the entire alternative healthcare product, and medical marijuana industries. ...the press release announced that the company “plans to begin releasing [its] products in the next 30-45 days,” including first “the alter ego of 5-hour energy with a marijuana spin, and a hemp nutritional bar that will come in THC and non-THC versions.”
55. All of these statements in the March 31 press release were false.
The company had no plans to become a distributor to marijuana dispensaries; the database described in the press release did not exist; and the company was not developing the products described.
56. On April 10, 2014, Barton prepared and caused Altematurals to issue another false and misleading press release.
This press release provided additional details on one of the marijuana-containing products that was referenced in the prior press release:
57. None of this information in the April 10 press release was true.
The product had not been formulated, the claims about the product’s efficacy were unfounded, and there were no plans to sell it in dispensaries.
OMG LMFAO!
How many mergers have they been through to get to .0002?
And how many more will it take to get to .0005 for more than a day?
Oct 10, 2016
OTC Disclosure & News Service
Eline Entertainment Group announces reverse merger with Cranium, Inc. completed.
Eline Entertainment Group, Inc. (EEGI) Completes Second Merger
HENDERSON, NEVADA--(Marketwire - Nov. 1, 2010) - Eline Entertainment Group, Inc. (EEGI; www.elineentertainment.com) (PINK SHEETS:EEGI) and the company's subsidiary Let The Good Times Roll has successfully merged with Bad Boy Party Buses and Limos (www.badboypartybuses.com).
Eline Entertainment Group Inc. (EEGI) Finalizes Merger China Education Company
HARBIN, China, Dec. 9, 2009 /PRNewswire-FirstCall/ - Eline Entertainment Group Inc. (EEGI), www.elineentertainment.com (temp web site) further to the company news release of Nov 11, 2009 where amongst other things the company announced its search for a suitable merger candidate the company is pleased to announce the completion of its merger with Innovation Investment Co., Ltd. (Inn Group). See http://www.ydwtz.com/eng/.
Dude...they’ve had plenty of time to show progress with the app, helmet, and whatever the idiots did before those. How long are folks supposed to wait?
20 years of accomplishing nothing except bilking investors, as far as I can tell.
dude....it's barely into early 2017. you've given them a little over a month. c'mon now
GOOD!
Then it can’t settle back to .0001 or below where it belongs.
It’ll get there eventually - won’t be long! It’s only worth 40% of its price on 1/26/17 when a billion shares traded.
I don’t think all those .0005 buyers are laughing now.
SUCKERS BET!
.0002's almost gon
The crooks will be permanently banned from trading penny stocks or holding executive positions in ANY public companies once this goes to court.
In the SEC complaint, under Prayer For Relief, it says:
VI.
Pursuant to Section 20(g) of the Securities Act [15 U.S.C.§ 77t(g)] and Section 21{d){6) of the Exchange Act [15 U.S.C.§ 78 u{d){6)], bar Barton, Goode, Briggs, Manzo, and Sindelman from participating in any offering of penny stock; and
VII.
Pursuant to Section 20(e) of the Securities Act [15 U.S.C.§ 77t(e)] and Section 21{d)(2) of the Exchange Act [15 U.S.C.§ 7$ u(d)(2)], bar Barton, Briggs, Manzo, and Sindelman from serving as an officer and director of a public company
Yee Haw! 1 million shares - she gonna run!
I posted some useful info on the MDIN board
First hearing date set for 6/7/17
ALL SHAREHOLDERS NEED TO CONTACT THE IPB AND PRESSURE THEM INTO FILING CRIMINAL CHARGES!
Contact the NY Investor Protection Bureau division of the AG’s office!
Here’s the SEC process for compensating scammed investors
The SEC complaint is asking for disgorgement, so there’s a fair chance investors will be at least partially compensated. Keep your fingers crossed!
Contact the NY Investor Protection Bureau division of the AG’s office!
The AG’s office has the power to pursue criminal charges, not just civil.
The Investor Protection Bureau is charged with enforcing the New York State securities law, commonly known as the Martin Act. The Martin Act gives the Attorney General broad law-enforcement powers to conduct investigations of suspected fraud in the offer, sale or purchase of securities. Where appropriate, the Attorney General may commence civil and criminal prosecutions under the Martin Act to protect investors.
I think that whoever bought them is a giant ignoramus and should have a conservator appointed to control their finances.
I won’t congratulate you though, because you sold them to someone obviously lacking the mental capacity to understand the consequences of their actions.
But at least you got a few (very few) dollars back.
BTW, please address me as Mr. Fraudster, I wouldn’t call call you Mr. Andy.
Because THERE WILL NEVER BE A 3.0!
Not because anyone’s done anything to prevent it, but because this scam would never work again. Fool me twice...
There’s no reason for this board to even be up anymore.
NO WAY! Did someone REALLY just thank me?
I must need to clean my glasses, because I know that can’t be right.
Obviously you’re referring to my unheeded warnings at another Barton-associated scam - EEGI.
Have you seen the carnage there today? They just wouldn’t believe me and kept insisting I was nothing more than a basher (or trying to buy cheap shares, LOL).
They’re crappin’ their pants over there!
Someone said "It means we are over."
Who coulda seen that comin’?
Oh, even a blind man!
Lets see now, who was it that called for a plummeting share price this week? Who, who, who?
I’ll be humble and not say I TOLD YOU SO.
I expect carnage this week - back down to .0002 or less.
There’s been plenty of time, where’s your lawsuit?
Would be nice if it was a class action, but it doesn’t look like anyone’s been contacted.
Hopefully the SEC is looking into Marani.
Took them 4 years to bust Raymond Barton and his cronies for their penny-stock fraud, but the SEC filed the complaint last week. Could Marani be next?
And who the F bought shares of this DEAD SCAM yesterday?!
Buying shares back with what?
THEY HAVE NO MONEY! READ THE LAST Q!
They’re not even sure they can continue operating.
The Company has incurred operating losses, and as of September 30, 2016, the Company had a negative working capital balance of ($255,850.00) and zero receivables.
These factors raise substantial doubt about the Company’s ability to continue as a going concern.
A. As of 9/30/16: Eline Entertainment Group, Inc. is a consulting and licensing company. attempting to license its intellectual properties as well as developing new mobile app and banking applications.
7) Describe the Issuer's Facilities
A. As of 9/30/16, the company had no need for physical facilities and operates using a postal mailbox.
I know that Ray Barton used Adam Weiss as IR for EEGI and now HIRU is using Adam Weiss for IR services.
I know that Kaleem Sikandar is a favorite attorney of Ray Bartons. Kaleem Sikandar provided legal services for CRTC, MDIN, MNZO, GVSI, EEGI, and ANAS (all Ray Barton tickers) and now Kaleem Sikander is the attorney for HIRU.
If people can't learn from seeing what happened to CRTC, MDIN, MNZO, GVSI, ANAS, EEGI, and whatever other Ray Barton tickers are out there that I don't remember off the top of my head then let them learn the hard way with HIRU.
Flying generally means going UP.
This turd has been FALLING. Only saved by a little paint Monday.
Tomorrow we fly!
Jan 12, 2017
OTC Disclosure & News Service
Scottsdale, AZ - Eline Entertainment Group, Inc. (OTCPink: EEGI) Announced today that the company will be taking a new direction in one of the most exciting emerging markets in the 21st Century. More details about the company direction, facilities and new assets will be announced shortly as soon as certain administrative tasks have been put into place.
Glad you like 'em 'cause you’ll have a LOT more after the R/S!
Couldn't even pry these shares from my hands
Wait - you’re telling me I shouldn’t invest in this scam? Aw damn!
B-b-but it’s been doing so well!
Over a billion shares traded in Jan. and still can’t get of the launchpad.
And I’m sure they’ll have a wonderful new business direction to announce next month!
Lets see, what’s hot now besides pot?
Maybe an "innovative and exciting" new energy drink?
Or an energy cell capable of powering an average-sized home that replaces a household toilet and is powered by human waste?
I’VE GOT IT! An inexpensive, compact, EPA-compliant home fracking kit!
Set it up in your backyard and start producing oil!
Gee, I have some great ideas, maybe I should be CEO of EEGI.
I’m sure I could do equally as well as Romerio did.
My ideas are at least as good as his asinine financial app.
I believe you meant implode.
In that you would be correct sir.
EEGI $$$$ GOING TO EXPLODE TOMMORROW OR NEXT DAY..$$$$$ ITS COMING
Here’s the SEC process for compensating scammed investors
https://www.sec.gov/oiea/investor-alerts-bulletins/ib_recovermoney.html
flaflyersfan, look up "disgorgement."
Here, I’ll save you the trouble:
Legal definition of disgorgement
Disgorgement is the act of giving up something such as the profits obtained by illegal or unethical acts on demand or by legal compulsion. Courts can order wrongdoers to pay back illegal profits to prevent unjust enrichment.
When the SEC brings a successful enforcement action, in court or in an administrative proceeding, the court or the SEC may order the individual or entity to disgorge the funds (give up the ill-gotten gains) resulting from the illegal conduct. The disgorged funds may be distributed to investors who were harmed or injured by the securities violation.
One step in the process of distributing money to harmed investors is the collection of civil monetary penalties and disgorgement ordered by a court or the SEC. In fiscal year 2013, the SEC collected more than $1.6 billion in monetary penalties and disgorgement that were ordered that year. When a monetary penalty or disgorgement is not paid as ordered, the SEC’s Division of Enforcement has an Office of Collections that uses every available method to identify, liquidate, and collect assets that can be used to satisfy the delinquent debt. These efforts may include sending a demand letter, negotiating a payment plan, filing a property lien, garnishing wages, or filing a contempt action in federal court.
No, suckers are the ones who believe that this company that’s been wandering aimlessly for decades has stumbled upon a goldmine in the form of supplying light bulbs to pot farmers.
your the smartest one here...suckers are holding for penny
For now we wait.
See my last post - the first hearing is set for 6/7/17.
Once a settlement is made, if money is disgorged, a fund will be created, and someone will be appointed to administer the disbursement of compensation to investors.
The SEC told me today that the list of investors will likely be obtained from the transfer agent, then all shareholders will be contacted with instructions for claiming compensation. So make sure your contact information is up to date with the broker(s) you purchased shares through.
Everyone still has the right to hire their own legal counsel if they wish.
The fund will only address losses directly related to the purchase of stocks.
But some folks may have indirect damages, such as if they had to file bankruptcy or sell property, etc.
In that case they would need to hire their own legal counsel to recover those damages.
Anyone can try to recover damages by suing Barton et al.
Ideally an attorney would file a class action suit on behalf of all investors.
Maybe someone will adopt Barton’s kids - I’m sure they’d be happy to have a father who isn’t a convicted scumbag criminal asshole.
First hearing date set for 6/7/17
https://goo.gl/ZsjeCd
This is far from over.
I spoke with the SEC today.
The civil claim was filed last week,.
Even though it seems several of the defendants have agreed to a settlement, it’s up to a judge to make a decision on whether the offer is fair and in the best interest of shareholders.
But the SEC’s complaint is a civil action only.
They would not comment on whether the case had been forwarded to prosecutors for possible criminal charges.
Therefore all interested parties should immediately contact the Attorney General for the Eastern District of New York and pressure them into pursuing charges.
Main Office
271 Cadman Plaza East
Brooklyn NY 11201
Phone (718) 254-7000
Fax (718) 254-7508
Branch Office
610 Federal Plaza
Central Islip NY 11722-4454
Phone (631) 715-7900
Fax (631) 715-7922
Case 2:17-cv-00403
SECURITIES AND EXCHANGE COMMISSION
v.
RAYMOND H. BARTON
WILLIAM G. GOODE
MATTHEW CHARLES BRIGGS
KENNETH MANZO
JUSTIN SINDELMAN
https://www.sec.gov/litigation/complaints/2017/comp-pr2017-33.pdf
You don’t know what you’re talking about!
Barton owned a company, home, and certainly had a lot of money stashed away somewhere, as did the others.
The SEC's settlement offer for nearly 9 million dollars was likely based on the potential for recovery.
I think there’s a very good chance shareholders will be at least partially compensated.
Their track record says this won’t be any different than the rest.
Why would it be? The company has no products, no revenue, no CEO and no trustworthy business plans.
Everyone thought Romerio was the new company savior, then he was crucified.
Now we’re supposed to believe that some as-yet-unnamed CEO will walk on water and miraculously turn a few dollars into millions to feed the multitudes?
Sorry, but EEGI "news" is fiction, just like that other story.
It’s still quite possible that the crooks will be incarcerated.
I spoke with lawyers today and was told that even though a settlement was reached, prosecutors may still proceed with criminal charges for the deliberate acts of securities fraud.
The federal case is civil, not criminal so no one is going to jail.
Is this your first trip to pinkyland?
PRs are virtually worthless here! They only say what the company wants you to believe, not what the actual fact are. What’s stated in a PR is often far removed from reality.
Bogus PRs are posted DAILY and most companies get away with it. Some never get busted while others eventually do.
I have yet to see a PR that says "we’ve thrown a lot of ideas at the wall but none stuck. We have no revenue and no chance of making any in the foreseeable future. As a last resort, in a final attempt to sell a ton of shares, we’re hereby announcing that we’re becoming a MJ company. It’s true that we have no expertise or prior experience in that field, but who cares? It’s been proven time and time again that investors will throw truckloads of money at any company they perceive as being related to marijuana. They don’t call it DOPE for nothing!"
Again I point out that Raymond Barton’s clan released countless 100% BULLSHIT PRs for more than 3 years, and were only recently charged.
They were charged because PRs ARE legally binding, even in pinkyland. But that doesn’t stop scammers from putting them out every day.
Defendants Barton, Sindelman, Briggs, and Manzo intentionally made numerous false public statements.
Barton engaged in fraudulent promotional activity for MedGen, routinely causing the company to disseminate to the public false information intended to create the impression that MedGen was a legitimate, even thriving, business. The false and misleading public statements were intended to, and sometimes did, increase MedGen's stock price. In each case,Barton knew or recklessly disregarded that the MedGen press releases were false and misleading.
In or about October 2013,Barton and Goode formed and incorporated Peachtree, which they publicly described as a "next generation small-cap private equity fund and venture capital firm." In reality, the sole purpose of the company was to serve as Barton and Goode's alter ego for acquiring and originating additional convertible MedGen debt (and other public company debt) that Barton and Goode could liquidate.
Eline Entertainment Group, Inc. Statement of Operations (unaudited) For The Period Ended September 30, 2016
REVENUES
$0.00
Net income (loss) -$7,850.00
The Company has incurred operating losses, and as of September 30, 2016, the Company had a negative working capital balance of ($255,850.00) and zero receivables. These factors raise substantial doubt about the Company’s ability to continue as a going concern.
Obviously YOU do too - 35 posts today and counting. You getting paid by the post?
No bid?
Come on people, it can’t be that bad - some idiot bought more than 5 mil shares of MNZO today, so why not MDIN? What’re y'all afraid of?
Wide Awake is gonna be UGE!
And testing on those cyanide bars is almost complete - I’d hold my breath if I were you.
And 5 million more today? Un-freakin-believable!
Someone call Ripley’s!
Then call the asylum and tell them they have a new patient in need of therapeutical solitary confinement and thorazine.
Guess I misunderstood what I read.
The SEC separately filed a complaint in federal court against Barton and Goode along with Matthew C. Briggs, Kenneth Manzo, and Justin Sindelman.