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Dilution 701,754 shares @ $5.70
Raising $4M?
SilverSun Technologies, Inc. is offering 701,754 shares of its Common Stock. Currently, our Common Stock is quoted on the OTCQB Marketplace (the “OTCQB”) operated by the OTC Markets Group, under the symbol “SSNT”. The last reported sale price of our Common Stock on the OTCQB on February 4, 2015 was $5.70 per share. On February 4, 2015, we effected a 1-for-30 reverse stock split of our outstanding common stock (the “Reverse Stock Split”). For twenty days following the effectiveness of the Reverse Stock Split, our common stock will be quoted on the OTCQB under the symbol “SSNTD”.
http://ih.advfn.com/p.php?pid=nmona&article=65370819
We estimate that the net proceeds from our sale of shares of our Common Stock in this offering will be approximately $3,253,000, assuming a public offering price of $5.70 per share, after deducting estimated placement agent commissions and estimated offering expenses payable by us. We intend to use the net proceeds we receive from this offering for general corporate purposes, including working capital, sales and marketing activities, product development, general and administrative matters and capital expenditures, and acquisitions.
it's been PR in 2012-13 that it was in northern Cal and in southern Cal ( Bakersfield ) where did it go
So people sign up, buy the tapes, attend the seminars, and go out to sell and recruit. Whom do they go to? Their friends and relatives, of course, some of whom join the network as well. Most of them don't last, either, but they buy tapes and attend seminars before they leave.
And a few people, a small but predictable percentage, actually turn out to be good salespeople. They wind up selling a significant amount of the company's first product line--vitamins, personal-care items, household goods, whatever. That's good for the company. It's also good for the successful salespeople, particularly those who got in early and stayed with the program.
But their success comes at the expense of the other people, the ones who waste their time and money pursuing a goal they can never reach.
It can’t be a pyramid scheme. Pyramid schemes don’t sell products.
This is a common lie/misconception. Again the FTC is your guide, “Some schemes may purport to sell a product, but they often simply use the product to hide their pyramid structure.” The FTC also says, “Not all multilevel marketing plans are legitimate. Some are pyramid schemes. It’s best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products.” Under this definition, MonaVie could be free from pyramid scheme allegations if it can show how much juice is being sold to be people not signing distributor contracts. MonaVie does not break out these numbers, and information from commenters on this site seems to indicate almost no product is going to people outside the business.
http://www.juicescam.com/
• Serkan Barutcu no longer part of Bebevco EU?
Poland company registry shows that he's no longer included:
http://krs.serwisprawa.pl/0000464622,bebevco-europe-asia-africa-sp-z-o-o.html
Linkedin still shows as part of KU, maybe he hasn't updated it yet:
https://www.linkedin.com/in/serkanbarutcu
I have old Poland company registry .pdf that showed he used to be a board member.
Racing is only 1.5 months away!
BW & crew need more $$$!
Can't access the message board for any stocks.
Depends.
I know some people who turn them off (due to conservation of energy).
I don't turn it off because I like to have wifi available in the morning or at night while I'm in bed. I don't have to get up and switch on the router and then wait for all my devices to connect. It is a convenience factor.
From my wifi scanning around my immediate vicinity, everybody (roughly 12 routers) has their wifi routers on 24/7.
Hopefully at least the tax man is on it.
For-profit business but no tax related info provided by the company?
Guilty plea entered for filing false tax returns
January 31, 2015 1:03 AM
Rebecca S. Green The Journal Gazette
A Fort Wayne businessman entered a guilty plea alongside three charges accusing him of filing false tax returns and lying to federal investigators.
According to a criminal complaint filed Friday, Jared E. Hochstedler failed to report loans and income from stock-for-equity agreements on his taxes, and lied during a Securities and Exchange Commission investigation while under oath.
He was charged with two counts of fraudulent statements and one count of perjury, court documents show.
From January 2008 to June 2009, Hochstedler participated in five stock-for-equity agreements, called “wrap agreements” related to a business he owned called Enzyme Environmental Solutions.
The transactions involved companies assuming debt owed to Hochstedler in exchange for stock in his company. According to court documents, Hochstedler failed to report that he was paid more than $2.8 million during that time for accrued wages and other debts.
In connection with those wrap agreements, one of those companies provided Hochstedler with $1,066,044 in loans. He is accused of using a substantial amount of that money for personal expenses, failing to report any of it on his income taxes.
Federal prosecutors also accuse him of selling stock in a beverage company for more than $1 million, having not invested any money in the stock. But on his tax returns, Hochstedler reported only $206,997 in capital gains, according to court documents.
In a civil investigation related to those transactions, Hochstedler told the SEC he sold the stock in the beverage company for between $300,000 and $400,000, according to court documents.
According to court documents, Hochstedler under-reported his income in 2008 and 2009.
He filed a plea agreement Friday as well, promising to cooperate with federal investigators in exchange for a potential reduction in the severity of sentencing, according to court documents.
Hochstedler’s plea agreement has not yet been accepted by a judge, according to court records.
rgreen@jg.net
• Christopher Stephen Crouse VP, Sales & Natl. Accts.
Well look at that, 3 VP's of sales? LOL!
http://www.otcmarkets.com/stock/BBDA/profile
Company Officers/Contacts
Brian Weber Co-CEO, President
Daisy Ramirez COO
Alisha Craig VP, Sales & Natl. Accts.
Sean Craig VP, Sales & Natl. Accts.
Christopher Crouse VP, Sales & Natl. Accts.
Christopher Knight Director, Mkt. & Events
Kenneth Fletcher Investor Commun.
What financials? Unaudited=make stuff up
Company has no auditor, no IR, no Legal Counsel:
http://www.otcmarkets.com/stock/BBDA/profile
Ken Fletcher I know some is us but im not sure where the rest is coming from..
I'm seeing it listed at 0.000001
Nearly $500,000 in cash, hidden in safes inside suitcases, was found in the hotel room where he was taken into custody along with a woman, Alison Antekeir, the U.S. Marshals Service testified, according to WPTV.
• Joseph Macaluso returns!
Why would the company would bring someone who was part of a very questionable period of the company's history. There wasn't any better accountants?
Note: Joseph Macaluso supplied accounting services for iVoice, a Jerome Mahoney "scam" (IVOI was eventually revoked: http://www.sec.gov/litigation/admin/2013/34-70387.pdf)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34096131
Accounting Services
provided by Joseph Macaluso
and advanced by B Green
Trey was incorporated under the laws of the State of Delaware on October 3, 2002, as a wholly owned subsidiary of iVoice, Inc. Trey had no material assets or activities until the contribution of the Automatic Reminder software business was transferred to Trey pursuant to the Spin-off. Since the Spin-off, which occurred on February 11, 2004, Trey has been an independent public company, with iVoice having no continuing ownership interest in Trey.
Personnel changes
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Chief Financial Officer
On January 29, 2015, concurrently with the appointment of Mr. Crandall Melvin III as more fully described below, SilverSun Technologies, Inc. (the “Company”) was informed of Mark Meller’s resignation from his position as Chief Financial Officer (“CFO”) of the Company (the “Meller CFO Resignation”). Mr. Meller shall remain Chief Executive Officer, President and Director of the Company. The resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Appointment of Chief Financial Officer
On January 29, 2015, simultaneously with the Meller CFO Resignation, the Board of Directors (the “Board”) of the Company approved by unanimous written consent the appointment of Crandall Melvin III as CFO of the Company, effective immediately.
A brief description of Mr. Melvin’s relevant work experience appears below:
Crandall Melvin III, age 58, combines over 30 years of experience in public accounting and industry, holding a number of senior management positions following a 5 year career in retail, commercial banking and equipment leasing. Mr. Melvin is currently the CFO of SWK, the Company’s operating subsidiary.
From 2002 to 2006, Mr. Melvin was Co-Founder and Chief Operating Officer of AMP-Best Consulting, Inc. (“AMP-Best”), a company involved in software sales and implementation. AMP-Best was acquired by SWK Technologies in 2006. From 1993 to 2002, he worked in public accounting in Alaska and New York. Mr. Melvin is currently a Certified Public Accountant licensed in the State of New York and also holds the designation of Certified Global Management Accountant. Mr. Melvin is also currently a director of Community Baseball of Central New York, Inc. the Minor League AAA affiliate of The Washington Nationals. Mr. Melvin has also served on boards of directors of various not-for-profit organizations located in the Syracuse Area.
Mr. Melvin has an undergraduate degree from the University of Southern California and an MBA from Syracuse University with additional graduate studies from the University of Alaska at Anchorage.
In evaluating Mr. Melvin’s specific experience, qualifications, attributes and skills in connection with his appointment as CFO of the Company, the Company considered his expertise in accounting, finance and business execution, as well as his extensive experience as CFO of SWK and as co-founder and Chief Operating Officer of AMP-Best.
Appointment of Director
On January 29, 2015, the Board approved by unanimous written consent the appointment of Joseph Macaluso as a director of the Company, effective as of such date. Mr. Macaluso will also serve as the Chairman on the Audit Committee of the Board.
On January 29, 2015, the Company entered into a director agreement (“Director Agreement”) with Joseph Macaluso, pursuant to which Mr. Macaluso was appointed to the Board effective January 29, 2015. The Director Agreement may, at the option of the Board, be automatically renewed on such date that Mr. Macaluso is re-elected to the Board. Under the Director Agreement, Mr. Macaluso is to be paid a stipend of one thousand five hundred dollars ($1,500) per month, payable at the end of each fiscal quarter. Additionally, Mr. Macaluso shall receive warrants (the “Warrants”) to purchase such number of shares of the Company’s Common Stock, as shall equal (the “Formula”) (A) $20,000 divided by (B) the closing price of the Common Stock on the OTC Markets on the date of grant of the Warrant. The exercise price of the Warrant shall be the closing price on the date of the grant of such Warrant plus $0.01. The Warrant shall be fully vested upon receipt thereof.
A brief description of Mr. Macaluso’s relevant work experience appears below:
Joseph Macaluso, age 63, has over 30 years of experience in financial management. Mr. Macaluso has been and continues to be the Principal Accounting Officer of Tel-Instrument Electronics Corp., a developer and manufacturer of avionics test equipment for both the commercial and military markets since 2002. Previously, he had been involved in companies in the medical device and technology industries holding positions including Chief Financial Officer, Treasurer and Controller. He has a B.S. in Accounting from Fairfield University.
In evaluating Mr. Macaluso’s specific experience, qualifications, attributes and skills in connection with his appointment to Board, the Company considered his expertise in general management, finance, corporate governance and strategic planning, as well as his extensive experience in operations and mergers and acquisitions.
Apparently not good enough, big 800K dump.
Guess nobody liked the Sean Craig self pump PR.
Its hilarious that Sean Craig can only get regions in the middle of nowhere. Apparently Sean Craig is the only Koma Unwind sales person now?
Took 8 months to get a handful of low-populated counties that are in the same general area of Washington State?
Anyone wonder why Bebevco management is having a very tough time getting into and/or retaining major cities?
- NW Washington Walton Beverage distributor followup
Nothing after 8 months.
http://www.waltonbeverage.com/content/products/products
by News BeBevCo on May 22, 2014
KOMA Unwind Liquid Relaxation® Heading To Washington State
Bebida Beverage Company (OTC: BBDA), (BeBevCo), a developer, manufacturer and marketer of relaxation and energy products, announced today that the company has partnered with the Walton Beverage Co.
The Washington-based company is a major PepsiCo distributor and will begin pushing the KOMA Unwind Liquid Relaxation®through its outlets immediately.
Walton Beverage Co. is rich in family tradition and has had an unwavering commitment to delivering quality beverages for 83 years. Nestled in Ferndale, Washington, Walton began selling PepsiCo products in 1934. The addition of one of the most popular relaxation drinks on the markets ensures that consumers in the Northwest will receive KOMA Unwind Liquid Relaxation®in three major Washington counties.
“Another great achievement for Sean Craig, one of our national sales managers, for aligning this new partnership with Walton Beverage Company,” said BeBevCo CEO Brian Weber. “Our marketing team is pounding the relaxation revolution message and the benefits of KOMA Unwind Liquid Relaxation®and our mission. Not only will they be a crucial infrastructure to help roll out our Northwest push, but they are a company with a respected reputation, as well in being a leader in the beverage industry as well.
“This is a huge milestone for our shareholders as we continue to grow, while adding regional brand managers in Connecticut, Massachusetts, and Florida in order to meet the demands. We feel that our new relationship with Walton Beverage Co. will also open new opportunities to bring new distributorships in the state too.”
Sean Craig, National Sales Manager for BeBevCo, added his sentiments on the new partnership.
“When we looked at entering the state of Washington, Walton Beverage Co met the platform and standards that represent what our company is all about,” he said. “With their support and dedication, we feel that this relationship will last for many years.”
http://www.prnewswire.com/news-releases/bebevco-adds-new-pepsico-distributor-for-crucial-northwest-coast-expansion-push-260261011.html
Pretty cool non-working website.
http://www.weinsteinbeverage.com/
Fits right in with Bebevco!
No wayback archive either: http://web.archive.org/web/*/http://www.weinsteinbeverage.com/
Wow, thanks to the person who spent $25K.
Helped pay for the racing prize money! THANK YOU SHAREHOLDERS!
Gotta drive down there to deposit the scam money.
Wonder how Daisy's "non-profit" is working out?
http://www.juanramirezfoundation.org/
Juan Ramirez Foundation Org
125 F Trade ct #9
Mooresville , NC 28117
* MONEY is always welcome for shipping costs and awareness.
Chris Lafferty recommends bail bondsman!
(pretty good timing considering he's CEO Brian Weber's buddy and has taken advantage of KU racing scam: http://racing-reference.info/drivdet/laffech01/2013/C)
Chris Lafferty via Bost Bail Bonds A 24 Hour
5 hrs ·
Hey if anyone has plans to get arrested in Concord, NC give my friends at Bost Bail Bonds a call. These folks are so nice, makes me wanna get arrested just to hang out with them!
Bost Bail Bonds A 24 Hour
concordbailbonds.com
Like · Share
17 people like this.
Susan Lafferty Hey Son if I get arrested there., would u bail your mamma out ?
5 hrs · Like · 2
Paul Coleman So if you were to get arrested what crime would you commit? This has the makings for a good thread
5 hrs · Like · 1
Chris Lafferty My list of arrest-able offenses would start with minor traffic violations and end with clubbing someone in the head for doing dumb shit.
Momma- nope, I'd be in jail with ya!
4 hrs · Like · 1
• Katarzyna Korszynska - Legal Advisor to the Board BEBEVCO Europe, Asia & Africa Sp. z o.o.
http://pl.linkedin.com/pub/katarzyna-korszynska/a9/380/a71
Yet another triple dipper.
Head of Legal
TRANQUINI GmbH
December 2014 – Present (2 months)Austria/Poland
Cooperation with the international group of companies (Tranquini) of FMCG - sector of functional beverages in the area of the operating business and the provision of legal services, with particular regard to:
• Legal and business advisory services
• Preparation of draft documents (including draft resolutions and other internal organisation documents related to the specifics of particular business), aimed at arranging the group's issues
• Participation in meetings and work of the management board, coordinating strategic projects and providing substantive advisory services
• Cooperation with Austrian/Polish and foreign law firms by performing strategic projects like for instance, introduction of the company into foreign markets in Europe, Asia and Africa
• Negotiations and preparation of long-term commercial agreements (including master commercial agreements – international distribution agreement, manufacturing agreement)
• Coordination of work and substantive consultations by performing projects related but not limited to :
- protection of copyrights and trademarks worldwide (OHIM, WIPO, local
authorities)
- regulatory and approval process worldwide
- manufacturing of products
Legal Advisor to the Board
BEBEVCO Europe, Asia & Africa Sp. z o.o.
May 2013 – Present (1 year 9 months)Warsaw, Masovian District, Poland
Of Counsel
Kacelaria Prawna "Swieca i Wspólnicy" sp.k.
January 2012 – Present (3 years 1 month)Warsaw/Poland
Owner/Certified Legal Advisor
Legal Office Katarzyna Korszynska
July 2011 – April 2013 (1 year 10 months)Warsaw, Masovian District, Poland
Cooperation with commercial entities and advice on labour law issues, companies law, civil law agreements and lease agreements.
Rödl & Partner w Polsce
Manager and team leader of lawyers and associates
Rödl & Partner w Polsce
July 2009 – June 2011 (2 years)Warsaw, Masovian District, Poland
? Conducting negotiations and mediations
? Managing and coordinating legal projects
Empik Group
Head of Legal In-house Department
Empik Group
January 2007 – June 2009 (2 years 6 months)Warsaw, Masovian District, Poland
? Advising and giving opinion to the Management Board on all legal issues
? Managing and coordinating projects with close cooperation with external law firms (Poland, Ukraine, Cyprus)
? Conducting commercial negotiations
? Coordinating and monitoring all legal issues
RSM Hemmelrath (now Mazars) - International Legal Advisor / General Partner
Haarmann Hemmelrath
January 2004 – December 2006 (3 years)Warsaw, Masovian District, Poland
? Managing and controlling all RSM Departments In Poland (Legal, Tax & Audit)
? Managing and coordinating legal projects
Noerr LLP
Nörr Stiefenhofer Lutz - Certified Legal Advisor
Noerr LLP
January 2001 – December 2003 (3 years)Warsaw, Masovian District, Poland
Owner/Certified Legal Advisor
Legal Office Katarzyna Korszynska
January 1997 – December 2000 (4 years)Cooperation with German commercial companies/firms
Raiffeisen Polbank
Raiffeisen Centrobank SA - Marketing and Development Specialist
Raiffeisen Polbank
January 1993 – December 1996 (4 years)Katowice, Silesian District, Poland
ING Bank Slaski
Bank Slaski S.A. - Foreign Banks Cooperation Specialist (DACH region)
ING Bank Slaski
January 1991 – December 1992 (2 years)Katowice, Silesian District, Poland
• Ahmed El-Wardany Bebevco Country Manager Egypt
https://eg.linkedin.com/pub/ahmed-el-wardany/21/710/382
Somehow this guy has been with Bebevco for the past 6 months, yet just recently his name is now showing up.
Experience
Country Manager
Bebevco
August 2014 – Present (6 months)
Reckitt Benckiser - Rashideen
Modern trade channel manager
Reckitt Benckiser - Rashideen
May 2012 – Present (2 years 9 months)
PepsiCo - Frito Lay
Senior account manager
PepsiCo - Frito Lay
February 2009 – Present (6 years)
Unilever
Account Manager
Unilever
January 2007 – February 2009 (2 years 2 months)
Unilever
Area Sales Manager
Unilever
January 2006 – December 2006 (1 year)
Hilton Grand Vacations
Account Executive
Hilton Grand Vacations
January 2004 – December 2004 (1 year)
Looks like someone is still trying to double average down from their .05 position.
OUCH! $5,000 spent @ .0051
Is this from the same guy who put up the fake Coke buyout website?
LOL!
Now resorting to ID'ing bashers.
Hilarious!
How to recognize Stock bashers on Message boards, newsgroups and in chat rooms. its too long but you got to read it.
LEARNING is a process and an evolution. Learning is not all fluff. Learning is a process of awareness and unfolding development; one must be willing to work at it though.
A year ago when I asked broker friends of mine if the internet message boards will have any affect on a stock. They ALL laughed at me and said those idiots having an affect on a stock!
A truth: IT IS EASIER TO SCARE PEOPLE INTO SELLING THAN IT IS TO INFORM PEOPLE INTO BUYING A STOCK.
Well I asked those same friends this last week, and the answer from all YES! message boards and ""shorts" (some) can manipulate with lies, and deceit.
Now think about that, you have elderly that invest and find their way to the message boards only to see false posts about "SEC Violations" and "Class action suits" or you have a Yuppie with a kid to put in college going to these message boards only to see posts by 15-20 (probably 5 or 6 under alias) "pack of shorts" posting the same false stuff about SEC Violations or lawsuits or "there's bad news coming out" ....what do you think they will do ?
It's easier to sell the stock and put the money into the bank for nervous people like the elderly and the Yuppie who needs college funds. THAT'S WHO THE PACK OF SHORTS PRAY ON AND DEPEND ON. They bet on a stock to go down-not up! Understand? And they have just as much money and risk as you. But they have the edge of fear, lies, falsehoods to post and pray on the nervous. Longs don't have that.
Plus, Pillsbury already sussed out where ready-made pancake popularity is.
http://pourflipandserve.com/
Pillsbury already one upped batter bomb.
http://www.snopes.com/crime/safety/biscuit.asp
LEGENDARY!
I still believe it will be over $1
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See u guys in 3 months....$1
I thought you were the one scamming multiple boards?
Jail sucks
How is the uplist to NYSE working out?
No One gets left out. There will be no bait and switch, no OTC games… We will finally be free of the micro cap stigma and move to a welcoming home at the NYSE. This process will not happen until late 2013 or early 2014 but it is the path I have chosen and I hope you all will join me.
*Rate is the change in posting activity in the past 24 hours vs. the average from the prior 7 days
Funny how BW & crew are FB posting about how bad alcohol is for sleep.
But the KU website promotes mixing alcohol with product!
http://www.komaunwind.com/koma-unwind-kocktails#!__koma-unwind-kocktails
Beverage Operations Manager making excuses why client was not paid.
(client creates graphic wraps for race cars)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110122469
Was that the lady that changed the O/S to unlimited a while ago?