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That's very interesting. Etrade nixed a short order saying no shares can be found, Ameritrade say no short otc stocks. If I had some capital, I'd find me a broker that would. But, since I never received my salary as President of NCVT, it's not on the agenda.
Does your broker let you short NCVT, Serf?
Nope, wasn't me. I don't know who would pay $400 for this. They are insane.
I can give you some good advice. Don't buy Paul Taylor's CCDX either.
What you'll find more curious is how it's going to go from $6.99 to .0001.
I think it should read, "We are removing the companies most valuable asset, that is, the money used for these press releases, to my wife's mortgage payment for our house in Delray Beach that cost $800,000. Thanks investors for the money, and thanks Rodrigo for having a great name to list on my false press releases. Without you guys, I'd be working at McDonalds."
You didn't pay $6.99 did ya?
Is this a good stock, I hear they historically had some weight loss centers and have a business that might be a business if it gets customers.
If these people are diluting, then the stock is what it is, but if there hasn't been new dilution, then it's an interesting investment.
I can't find a broker to do it.
I'd like to meet the poor soul that bought CCDX at .16 or whatever it went up to pre-reverse split. Ouch. Hey Aetheum, ad nauseum, what exactly do you see in Paul Taylor's stocks that makes you lash out so harshly at those who speak against him?
Put in a bid for 100, still didn't show up.
You think it requires 1000 to change the price? I'm not going to risk that -- what if, God forbid, it executed. Not worth the cost of the experiment. Imagine being stuck with 1000 NCVT shares at 3.99! or even at 1.25! Scary.
Poor Arnoldo, doesn't even know what a Netco is.
LOL, I had a friend who had a Vonage account in the name Captain Kangaroo. He told all his friends to give him money to pool into the IPO. Then he obtained a tax ID number for Captain Kangaroo to try to get the shares, but the system wanted an SSN, no commercial accounts. He logs into Vonage and changes the account to his real name. He goes into the pre-IPO website and it has his first name and Kangaroo as the last name. So he spends like three hours on the phone trying to get it fixed. They tell him he had to be the customer at the time, blah blah, he says it was his nickname, all this garbage. Finally, they fix it. So he's ready to go, ready to invest everyone's money into Vonage. He's going to bid for the maximum amount of shares you could buy pre-IPO. He says, "It's gonna triple in a month, another GOOG."
At the last minute, he just didn't do it. Didn't know why, just didn't do it. Gave everyone their money back.
Yeah, I wonder how many shares he's printed. Brian Niessen is out of town, so I don't know who is having the documents signed by NCVT's "President."
Liquidators of Associated Markets Offshore, 500,000 public float, 211 saying it holds $5000 in cash, mm will quote it at .01, then sell us 5000000000000000 trillion shares.
We just put an NCVT order in at 3.99 for one share (bid) then on the other system, we put a sell in at 3.99. The market didn't move, the orders both sit there as if non-existent. Put it in at 4.00 and it executes in a second but the market still doesn't move.
I understand that these are pinks, but this is whacked.
Hey Serf, your post was 666. That's scary stuff. Call them up and ask them who will finance the water machine if you buy it?
Ok, well, so we buy a small business worth $5,000, put 500,000 shares on the pinks at .01. We buy all the shares up and order the certificates. Then we buy more shares than the 500,000 --- we buy and buy and buy and buy. And these brokers will sell us the shares even though we don't have them. Then we put our 500,000 real shares that we bought on the market for sale at $25 each. Then we order the stock certificates for the phantom shares and watch the brokers scramble and have to buy our shares for $25. LOL. Your system is whacked.
I've been doing that all my life, Serf. But come on down for vacation, I'll buy you a bottle of Costa Rican Bionic Water, it's called Imperial and it tastes like beer. It's oxygenated, and if you drink too much, you get a little weird. Not too many Tica girls have flowers in their hair, but tight jeans they do wear. Drink too much Imperial, and you'll be saying, "I P C Y." LOL.
Martyj1?
Where oh where is the Bionic Water? Can't find it in the grocery store in Costa Rica. Well, that's understandable. But is it in the store up there Serf?
Bionic Water: I pee, see why.
Logged into the real-time level IIs on a friends ETradePro, and it shows no orders executing today despite the Scottrade and Ameritrade orders going at $4.00. Furthermore, it shows only the bid at 1.01 by both UBSS and NITE, ignoring the orders for 1.15 and 1.25 placed on both Scottrade and Ameritrade (but UBSS is Ameritrade's market maker and it should have went up!!!)!
So when we see the volume, do we really see the volume. Maybe PT traded billions of shares when we only saw millions on the screen.
Maybe PT's press releases about these brokers not really having shares isn't so offkey.
Maybe if we all buy millions of these shares and demand the certificates... Paul will even make more money knowing the brokers have to buy his stocks.
Maybe this is all a sick twisted dream and I will wake up and the financial markets in the USA won't be so corrupt.
Placed an order to buy 100 NCVT at 1.25 on Scottrade, but no change to the bid on the real time quotes.
Placed an order to buy 2 NCVT at 4.00, executed using Scottrade. No change in the volume on the so-called real time quotes.
Yeah, Ameritrade is spoofing this. I placed an order for fun at 1.15 buy, and it doesn't show on the quotes. I also bought two shares today at $4.00 and it didn't change the last. That was on Ameritrade.
See my messages on BANY on how NIR Group (Corey) takes $3MM and turns it into $12MM, diluting the shares 10 to 1, in a few months.
Too much stress for the ole fraudster. Wonder if the stress is working on Paul Taylor?
1,200,000,000 shares sold for $.01=$12,000,000. So NIR Group received about$12,000,000 for $3,000,000 cash. We're in the wrong business.
EXCERPTS
Preliminary Prospectus
Subject To Completion, dated April 20, 2006
PROSPECTUS
2,000,000,000 Shares
Common Stock, no par value
This prospectus relates to the resale by the Selling Shareholders of up to 2,000,000,000 shares of our common stock, including up to 1,200,000,000 shares of common stock underlying the 2006 Secured Callable Convertible Notes in the principal amount of $3,000,000 (the “2006 Convertible Notes”), up to 90,000,000 shares issuable upon the exercise of the related 2006 Common Stock Purchase Warrants (the “2006 Warrants”), and up to 710,000,000 shares of common stock underlying the 2004 Secured Callable Convertible Notes in the outstanding principal amount of $1,820,282 as of April 20, 2006 (the “2004 Convertible Notes”). The 2006 Convertible Notes and the 2004 Convertible Notes are hereinafter collectively referred to as the “Convertible Notes.” The Convertible Notes are convertible into our common stock at the lower of $0.005 or 50% of the average of the three lowest intraday trading prices for the common stock on a principal market for the 20 trading days before the conversion date. The Selling Shareholders may sell common stock from time to time in the principal market on which the stock is traded at the prevailing market price or in negotiated transactions. Our common stock trades on the OTC Bulletin Board under the symbol "BANY." On April 19, 2006, the last reported sale price was $.023.
The Offering
Common stock offered by selling security holders 2,000,000,000(1)
Common stock outstanding prior to this offering 210,148,313
Common stock outstanding following this offering if all shares are sold 2,210,148,313 (1)(2)
Use of Proceeds
All proceeds of this offering will be received by Selling Shareholders for their own accounts.
Shares of our common stock eligible or to become eligible for public sale could adversely affect our stock price and make it difficult for us to raise additional capital through sales of equity securities.
As of April 20, 2006, we had 210,148,313 shares of common stock outstanding. Approximately 150,000,000 of the outstanding shares were unrestricted under the Securities Act of 1933. As of that date, we also had outstanding options, warrants, promissory notes and convertible debentures that were exercisable for or convertible into approximately 2,000,000,000 shares of common stock. Sales of a substantial number of shares of our common stock in the public market, or the perception that sales could occur, could adversely affect the market price of our common stock. Any adverse effect on the market price of our common stock could make it difficult for us to raise additional capital through sales of equity securities at a time and at a price that we deem appropriate.
Excerpts from quarterly issued in May:
BANYAN CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Oregon 84-1346327
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
1925 Century Park East, Suite 500, Los Angeles 90067
(Address of Principal Executive Offices) (Zip Code)
Issuer’s Telephone Number, including Area Code: (800) 808-0899
Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report.
Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ X ] No [ ]
220,298,313
(Number of shares of common stock outstanding as of May 18th, 2006)
On April 10 2006, the Company’s articles of incorporation were amended to increase its authorized capital stock from 500,000,000 to 5,000,000,000 shares of common stock and from 100,000,000 to 1,000,000,000 shares of preferred stock. In addition, the Company’s 2004 Human Resources Incentive Plan was amended to increase the number of shares and options available for issuance under the plan from 50,000,000 to 1,000,000,000.
In April 2006, the Company was served with a complaint in an action in the Superior Court of Pima County, Arizona by State Farm Mutual Automobile Insurance Company against the Company and other business and individuals. The complaint seeks to recover the plaintiff’s alleged over-reimbursement for allegedly false, excessive and medically inappropriate diagnostic tests, treble damages and other damages. The Company does not know of any tests that were reimbursed by State Farm to the Company and is vigorously defending this suit.
We entered into an agreement that provides $3,000,000 from the sale of convertible notes to an investment group. We received $2,405,000 since the beginning of 2006 and expect to receive $595,000 over the remainder of 2006 from the sale of convertible notes. The first $2,405,000 was used to acquire our diagnostic testing business and as working capital for accounts payable. Most of the latter amount will be used as working capital to fund operations. In 2004 and 2005, we were provided $3,000,000 from the sale of convertible notes to this investment group, $1,200,000 in 2004 and $1,800,000 in 2005.
The investment group has already converted $1,179,718 in notes to stock. The aggregate outstanding principal amount of the convertible notes is $3,970,282 as of the date hereof. We believe without assurance that the investment group will convert the rest of the notes to stock. However, the rate of conversion has become negligible as a result of the decrease in our stock price, to which the rate of conversion is tied. If these trends persist, all of the remaining debt may not be converted when the convertible notes begin to come due in the fourth quarter of 2006. We intend to refinance, extend or otherwise restructure this debt before it becomes due. In the event we are unable to do so, we may have to file for protection under the federal bankruptcy laws and we may be unable to continue in operation as a going concern.
I think they mean well, Serpico, and I hope they are successful.
Well those shares aren't what he issued. He issued new stock based on alleged debt. An alleged "debt to stock" convertible note that no-one ever saw but which he can jimmy up at any moment.
With CCDX he's planning the same thing, except he's calling it a preferred share.
Never heard of, before my time. A Costa Rican company can be searched at the following to see if it's real.
http://196.40.22.13/rnp_juridicas/pjurconnom.html
Well okay here's Paul's trick, which I did not realize at the time but now know since they found their way onto the market.
Okay, Paul allegedly has some convertible note that allows him to convert the debt to stocks.
He issues a directive to convert the shares.
His position, and Michael the transfer agent's position, is since the alleged convertible debt is more than two years old, they are free trading.
So Paul says the debt occurred in 2003, so he can issue shares, and the shares are converted at whatever rate, sort of like an option.
Paul has the shares converted, but since it is his debt, he can direct they be issued to whomever. So he just issues the order to give them to whatever person he chooses.
Now when I signed the conversions based on PT's claim that there was this alleged debt, I signed off on the fact that they would be issued as 144 restricted. However, Michael and PT issued them as unrestricted since the alleged debt was two years old.
Now my position is they should have been 144 restricted even if over two years old because Paul Taylor is an insider. His nominees control the company. Since he was an insider, all his shares should have been 144 restricted. Moreover, since he was a control person, he needed to notify the SEC as to the basis for his sale of shares. The transfer agent knew PT was a control person, and the transfer agent turned a blind eye to all this.
See if you have shares, or even if you are converting debt, so long as you are not a control person, they may not be restricted if the conversion was based on a note over two years old. A control person is someone who has 5% of the voting stock or controls the company.
Paul Taylor could not convert large chunks as that would have made him a control person, so he chose to issue the shares in piecemeal, sell them, then say, "I'm not a control person."
This is why he was just a "consultant" to the company. As a consultant, maybe he's not a control person.
But I can attest that, in my capacity as officer, I took directions from Paul Taylor. I was hired by Paul Taylor. My salary was set by Paul Taylor. Every document I signed was propounded by Paul Taylor. Every proposal I had was forwarded to Paul Taylor. Investor complaints or inquiries were referred to Paul Taylor. The transfer agent consulted with Paul Taylor about each and every transaction. The transfer agent ignored my instruction to stop speaking with Paul Taylor.
As such, Paul Taylor was effectively the control person at the company. Thus, if he had legitimate debt, and I don't think he did, it needed to be restricted. If Paul Taylor wanted to sell shares on the market, he needed to file the necessary docs with the SEC, the same way any company does if an insider is selling shares. And if Paul Taylor sells stock to someone like Frank, he needed to file a notice that a Regulation D transfer occurred because PT was an affiliate.
If you sold your shares to Frank, no form needed to be filed.
So that's that.
Certainly Frank could have gotten a 144 opinion by stating that PT obtained the shares via debt, and that PT was not an insider, just some consultant. Tell counsel that PT runs the show, then there's no 144 opinion coming.
RCA
Right, Serf, Taylor doesn't part with money. What he did do is make deals with people to clear the stock for half the money. The Brian message is the first message, the second is the PT message. The times appear the opposite because of the time zone differences, etc.
From: Paul Taylor [ptaylor07@adelphia.net]
Sent: Sunday, October 09, 2005 7:35 AM
To: 'Brian R. Niessen'
Subject: RE: Bonjour
5/30/2006
Errr 50% of your proceeds from these sales are mine
Your memory working now ?
Paul Taylor
-----Original Message-----
From: Brian R. Niessen [mailto:brian.niessen@curocorp.com]
Sent: Sunday, October 09, 2005 9:31 AM
To: Paul Taylor
Subject: RE: Bonjour
Ya, told you about 5 times already.
Seems everyone has loss of memory - ***** didn't remember either...
Oh well, glad everyone pays attention.
So... As you can imagine, not too happy with you and *****.
In other words STAY THE FUCK OUT OF MY BANK/BROKERAGE ACCOUNTS!!!
You want to pay *****, then pay him.
You need to pay Rodrigo, then pay him.
You offered to pay $$ on silver card - so do it.
Day what you do, do what you say... (here we go again). This
conversation is getting boring...
>
Where is RKD I thought he was paroled?
Ask him why PT would just "give" shares to him -- doesn't make sense. There has to be a reason.
Yessir, I remember those emails. Points to ponder on.
So why did Paul Taylor give up the stocks to Frank for FREE?!?
What did Frank do for PT?
Hey, Aetheum is confused he posted that message on IPCY. What's it got to do with IPCY? Poor Aetheum, he has no financial interest in the Paul Taylor stocks, but spends so much time helping us with his counterpoints. Let's hear it for Aetheum. Hooray! Hooray! Aetheum is here to protect us from our self-destructive selves.
You seem confused Aetheum, this is the IPCY board. I've responded to your messages on the NIVS and NCVT boards.