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GL , you'll get the same answer!
TA is gagged or he would give you the current O/S right away.
GL with that! BTW, there isn't much Inventory...
Inventory $237,131 per the latest 10Q
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11029570
A/S increased to 5 BILLION shares per NVSOS
Previous Stock Value:
Par Value Shares: 750,000,000 Value: $ 0.001
Par Value Shares: 50,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 800,000.00
New Stock Value:
Par Value Shares: 5,000,000,000 Value: $ 0.001
Par Value Shares: 50,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 5,050,000.00
Short interest in this Stock is 18k shares
2/15/2015 Saleen Automotive, Inc. Common SLNN OTCBB 18,085
http://otce.finra.org/ESI
shorts data explained...
SHORTS data explained by FINRA...phone call 3 minutes ago i spoke to FINRA regarding their daily SHO list which seems to show 30-70 % off all the volume in thousands of stocks as 'short sales'. they explained the 2 factors which tend to inflate the short sale data beyond what is normally considered a short sale, i.e. a person or firm borrowing shares which are then sold.
1. all marketmaker sells to buyers for which the MM doesnt at that moment possess the stock would go onto the list. the shorts data is sent to SEC at time of execution, so during the course of a day, a MM may trade 20M shares of company xyz, of which 10M of those shares were initiated as short sales and the other 10M were buys to cover those shorts. despite the fact that their net position at the end of the day is flat, the data would show 10M shares as having been short sales.
this applies even to grey sheet stocks. despite the fact there is no MM making bids and asks, MM's can and do call around to other MM's to find willing sellers to match buy orders and vice-versa.
2. the other factor that could affect the daily short figure is very interesting. if a sale is being initiated by the holder of restricted 144 stock, even though the owner of those shares is technically a long, the sale is listed as a short sale because the actual certificates are not yet "clean" via the transfer agent.
they confirmed that in order to ascertain the true "open short" position one should look at the bi-monthly short report. it was also stated that any of the daily shorts which were not delivered within the prescribed time would definitely end up on the FTD list.
Here an Org chart for Zion Capital
http://creately.com/diagram/example/hs4ubkjb/Zion%20Capital%20Ventures
Ongoing Lawsuit against Zion Capital:
https://www.pacermonitor.com/public/case/8485617/Zions_First_National_Bank_et_al_v_Zion_Capital_Ventures_et_al
ZIONS FIRST NATIONAL BANK, a national
bank; and ZIONS DIRECT, INC., a Utah
corporation,
Plaintiffs,
vs.
ZION CAPITAL VENTURES, LLP, a Maryland
limited liability partnership; SOLOMON
JALLOH, a/k/a SULIMAN JALLOH, an
individual; and DOES 1-50, inclusive,
Defendants.
TO ZION CAPITAL VENTURES, LLP AND SOLOMON
JALLOH, a/k/a SULIMAN JALLOH:
You have been summoned and are required to file a responsive
pleading in writing to the Complaint filed by plaintiffs Zions
First National Bank and Zions Direct, Inc. in the case identified
above.
Within twenty-one (21) days after the last day of publication,
you must file your responsive pleading with the clerk of the
United States District Court for the District of Utah at 351 South
West Temple, Salt Lake City, Utah 84101, and serve a copy of
your answer on Plaintiffs' attorneys at Smith Correll LLP, 11766
Wilshire Blvd., Suite 1670, Los Angeles, California 90025. The
date of last publication is November 19, 2015.
If you fail to file and serve your responsive pleading on time,
judgment by default will be taken against you for the relief de-
manded in the Complaint.
Plaintiffs' Complaint is available online at ecf.utd.uscourts.gov,
or from Plaintiffs' attorneys at Smith Correll LLP, 11766 Wil-
shire Blvd., Suite 1670, Los Angeles, California 90025, (213)
443-6222.
READ THE COMPLAINT CAREFULLY. It means that you
are being sued for federal trademark infringement, unfair compe-
tition under federal and Utah laws, federal dilution of famous
marks, violation of the Anti-Cybersquatting Consumer Protection
Act, trademark dilution, common law trademark infringement
and unfair competition, and an accounting. By their Complaint,
Plaintiffs are seeking, among other relief, damages in excess of
$2,000,000, injunctive relief, an order directing you to transfer to
Plaintiffs the domain, www.zioncapitalventures.org, an account-
ing, an award of Plaintiffs' reasonable attorney fees and costs, en-
hanced damages under 15 U.S.C. 1117, and punitive damages.
DATED: October 26, 2015 SMITH CORRELL LLP
__/s/ Mark L. Smith
____
Mark L. Smith
Attorneys for Plaintiffs
Yep , i think they couldn't get it approved, as outlined previously already. I think FINRA has used Rule 6490 as they did recently already a few times.
Here the Part that could have been used:
(3) Deficiency Determination
In circumstances where an SEA Rule 10b-17 Action or Other Company-Related Action is deemed deficient, the Department may determine that it is necessary for the protection of investors, the public interest and to maintain fair and orderly markets, that documentation related to such SEA Rule 10b-17 Action or Other Company-Related Action will not be processed. In instances where the Department makes such a deficiency determination, the request to process documentation related to the SEA Rule 10b-17 Action or Other Company-Related Action, as applicable, will be closed, subject to paragraphs (d)(4) and (e) of this Rule. The Department shall make such deficiency determinations solely on the basis of one or more of the following factors: (1) FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority; (2) the issuer is not current in its reporting requirements, if applicable, to the SEC or other regulatory authority; (3) FINRA has actual knowledge that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected to the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations; (4) a state, federal or foreign authority or self-regulatory organization has provided information to FINRA, or FINRA otherwise has actual knowledge indicating that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected with the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action may be potentially involved in fraudulent activities related to the securities markets and/or pose a threat to public investors; and/or (5) there is significant uncertainty in the settlement and clearance process for the security.
The "Target" in that Flyer was used for the paid PUMP Campaign in 2013, followed by the DUMP that gave Insiders and early "Investors" the chance to bank big time, imo.
For now the near Future is pretty easy to tell, imo.
After the A/S Increase, the toxic Debt Holders will continue to convert their Notes at even lower prices based on the Terms for each note. At one point the Stock will find "bottom", bounces but only to drop lower as it was before. Obviously they couldn't get the R/S approved by FINRA, that's why they had to increase the A/S. Why isn't there any PR or Filing about the Reason for this increase, why is the Company not responding to Emails, why are the given official Phone numbers for the Company not working?
IF this GenEpic would really show any potential at all, Big Pharma's would have been all over it for years already and this Company wouldn't struggle as it does(just look at the 3 yr chart it tells the entire story). JMHO
BTW, Here's what the FDA states about Supplements:
Dietary supplements are considered safe until proven unsafe
In 1994, the Dietary Supplement Health and Education Act (DSHEA) defined dietary supplements as a category of food, which put them under different regulations than drugs. They are considered safe until proven otherwise. The DSHEA says that dietary supplements cannot contain anything that may have “a significant or unreasonable risk of illness or injury” when the supplement is used as directed on the label, or with normal use if there are no directions on the label.
A dietary supplement is considered “new” if it contains an ingredient not recognized as a food substance, unless it was sold as a supplement before October 1994. If it is new, the manufacturer must provide the FDA with reasonable evidence that the new ingredient is safe before the supplement is marketed to the public.
But manufacturers are not required to test new ingredients or supplements in clinical trials, which would help find risks and potential interactions with drugs or other substances. The DSHEA gives the FDA permission to stop a company from making a dietary supplement, but only when the FDA proves that the product poses a significant risk to the health of Americans. This means they are found unsafe only after they cause harm. This is the reverse of the way prescription and non-prescription drugs are handled.
Dietary supplements are usually self-prescribed, so there’s no controlled system for reporting bad reactions and side effects. Doctors and patients can report problems, but are not required to do so. If a supplement has unknown side effects or interactions with other drugs, foods, or supplements, they are not likely to be discovered as quickly as those of new drugs on the market.
It was just in reply to the $4.85 Target Flyer that was used in the past for the initial Pump and Dump Campaign for this Ticker.
.20-.30?? LOL GL with that
Most will be gone at .002 -.003 already if the stock will make it into that range
Hmmm what has happened to the "Funding"?
NOTE 9 - SECURED PROMISSORY NOTE
In August 2015 the Company entered into a secured Promissory Note with Zion Capital Ventures in the amount of $3,125,000.
The Company expects to receive the proceeds, less a 2% loan origination fee, of this Note in November 2015. A stockholder of the Company has pledged 25,000,000 shares as collateral to this Note. This Note bears simple interest at the rate of 16% and payments are due Quarterly. This note bears no stated maturity date.
Osceola Gold Inc
18 hrs ·
We start again tomorrow trying to close our funding.
We are ready to go
and here the full article from Michael Goode about the NNRX Pump and Dump:
http://www.goodetrades.com/2013/09/nutranomics-nnrx-pump-and-dump/
What? It's past due already, that's why they've filed a NT 10-Q.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11062767
They had 5 Calendar Days after filing the NT.
Form 10-Q Due 40 days following the end of each fiscal quarter.
NT 10-Q Due on the business day after the 10-Q due date.
Late 10-Q After filing a NT 10-Q, the deadline for the 10-Q is extended five calendar days.
https://www.merrilldirect.com/cps/rde/xchg/merrilldirect/hs.xsl/edgar-sec-filing-deadlines-and-holidays-2015.htm
still no 10Q filed ...
Must have missed the confirming part and what the Company Saleen (SLNN) has to do with the Fisker Force1... Any hints in the Filings , like drastic increase of developement costs or such? HOW would SLNN pay for it?
GL
Update: Saleen said this is not their vehicle, adding it was not Steve behind the wheel.
http://www.autoevolution.com/news/saleen-corvette-under-development-steve-saleen-spotted-driving-the-prototype-video-86912.html
Article got updated...
The Financials Statements are put together by some "sdurland"
I wonder if that's actually "Steven Durland"...
https://www.sec.gov/litigation/admin/2010/34-63013.pdf
Would be a perfect fit here, imo...
A/S increase finally filed with the NVSOS
Previous Stock Value:
Par Value Shares: 500,000,000 Value: $ 0.0001
Par Value Shares: 50,000,000 Value: $ 0.0001
No Par Value Shares: 0
Total Authorized Capital: $ 55,000.00
New Stock Value:
Par Value Shares: 1,500,000,000 Value: $ 0.0001
Par Value Shares: 50,000,000 Value: $ 0.0001
No Par Value Shares: 0
Total Authorized Capital: $ 155,000.00
It was stated in the latest 10Q
The Notes are convertible into shares of Common Stock of the Company at the option of the holder commencing on various dates following the issuance date of the Notes and ending on the later of the maturity date or date of full payment of principal and interest. The principal amount of the Notes along with, at the holder’s option, any unpaid interest and penalties, are convertible at price per share discounts ranging from 42% to 38% of the Company’s Common Stock trading market price during a certain time period, as defined in the agreement. Further, the conversion prices are subject to a floor such that the conversion prices will not be less than a certain price, as defined in the agreement, with such floor prices ranging from $0.001 to $0.00005 per share. In addition, the conversion prices are subject to adjustment in certain events, such as in conjunction with any sale, conveyance or disposition of all or substantially all of the Company’s assets or consummation of a transaction or series of related transactions in which the Company is not the surviving entity. The note agreements also require the Company to maintain a reserve of Common Stock, as determined based on a formula stated in the note agreements, which, upon request by the note holder, can be adjusted based on the formula and the then share price of the Company’s Common Stock as of the date of request. The note holder can convert up to the number of the then shares reserved for conversion of their related note. As of September 30, 2015, the Company was in default of such reserve requirements due to insufficient availability of authorized and available Common Stock shares to fulfill the note holders’ reserve requests. In October 2015, the Company increased its Common Stock authorized to 2,500,000,000, which is sufficient to cover the share issuable upon conversion (See Note 10).
with a LOD of .0006 the Note holders will be able to convert between .00025 - .00035 = more shares for less Debt $
ouch
You shouldn't rely on the Intro's on IHub at all.
Go with the Filings, they hold likely more and especially more accurate Infos. The Intro as i see it, is for entertaining purposes only
A/S is 2.5 BILLION now...
BMAK is back
LOVI Reinstatement filed with the NVSOS
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=p2lD1ybsQ76jiKsRGdSBJw%253d%253d&CorpName=ONE2ONE+LIVING+CORPORATION
MMEX Reinstatement filed with the NVSOS
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=DHPOZMr%252fSK0WjGzbwKTh7g%253d%253d&CorpName=MMEX+MINING+CORPORATION
yep or you'll have to proof you're a note holder...
otherwise no update on the SS will be given.
TA will tell you to look up the Numbers at OTC Market, but won't give up the actual Numbers. You can try it yourself. Direct Transfer, LLC won't give you the actual SS. It has been tried by many already, not only in SLNN.
Pls do it and let us know what the gagged TA will tell ya...
LOL here comes the Short Story...
those naked evil Shorts from Mars are everywhere in OTCland.
This time they even cover... aren't they supposed to be naked and never have to cover? LOL
Plain and simple: Dilution ongoing via converted shares. Next Q will show it IMO.
I'm pretty sure they have considered it.
But lately a lot of R/S requested are denied , mainly by FINRA imo.
They can easily use Rule 6490:
(3) FINRA has actual knowledge that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected to the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations; (4) a state, federal or foreign authority or self-regulatory organization has provided information to FINRA, or FINRA otherwise has actual knowledge indicating that the issuer, associated persons, officers, directors, transfer agent, legal adviser, promoters or other persons connected with the issuer or the SEA Rule 10b-17 Action or Other Company-Related Action may be potentially involved in fraudulent activities related to the securities markets and/or pose a threat to public investors; and/or (5) there is significant uncertainty in the settlement and clearance process for the security.”
They are converting alraedy in the Trips per the given Terms of the Notes...
common Term: somewhere between 40-60% discount of the lowest trading price during the last 5 Days...
That's why they can still dump at these prices. they are still making nice profits. if the price goes further down, they convert even lower, with floor prices ranging from $0.001 to $0.00005
Toxic financing... It's all in the Terms of every Debt Note.
Company/Steve has signed the Notes with the given Terms. He's the one to blame for this death spiral financing imo.
Seems like the Name for this "manipulation" is Dilution...
JMHO
T-Trade market was closed already.
check here: http://ih.advfn.com/stock-market/OTCBB/saleen-automotive-inc-SLNN/trades
It's past Due. NT was filed on the 15th, that Filing gave them additional 5 Calendar Days...
Form 10-Q Due 40 days following the end of each fiscal quarter.
NT 10-Q Due on the business day after the 10-Q due date.
Late 10-Q After filing a NT 10-Q, the deadline for the 10-Q is extended five calendar days.
10Q due today, wondering if it'll show up AH...
If you are talking about the numbers as shown at OTCMarket, those are updated by the Company (a/o Nov 19, 2015)
Only option to get the current A/S is to contact the TA but unluckily the TA is gagged.
Obviously one of em is converting...
Obviously not all Debt Holders have signed into the "Deal"
Conversion and dumping still ongoing, IMO
Just EOY Tax Loss sellers and Flippers...
Explains the big cross trades
Disagree with ya...
no advice given at all, just discussing the Stock, Company and related filings.
I think he was talking about the ACTUAL Terms...
NOTE 5 – ADVANCES ON ROYALTIES
On August 25, 2015, the prior agreements between Heath Education and Genesar were superseded by a new license agreement between the Company and Genesar , wherein the Company received a worldwide exclusive license to all rights relating to, and intellectual property regarding, GenEpic™, a dietary supplement, conditionally based on the Company selling 10,000 units of GenEpic between the last quarter of 2015 and 2016, 20,000 units in 2017, 40,000 units in 2018, 50,000 units in 2019, 60,000 units in 2020 and 65,000 units ongoing annually from 2021 on. The Company agreed to pay Genesar a royalty equal to $6.50 per box sold by the Company with the exception of sales for clinical trials. The license agreement shall be perpetual except by mutual written consent of the parties, or may be terminated if the other party breaches the agreement and fails to cure such breach within 30 days of the date that written notice of the breach is given.