Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
DELETE
DELETE
Sorry, my mistake. OTC.
DELETE
haven't looked into it.
I can't validate the truth of anything. Joby claims that's what happened. I agree it's absurd, but in view of who the players are, I also submit it may not be entirely without merit.
I'm done.
Have had enough with all the secrecy.
Rattling the cage and sitting back to see what falls out.
Here is a picture of a Russ Kidder, who I presently believe is the one acting as a consultant to Marchi.
http://articles.latimes.com/1988-05-07/local/me-2198_1_orange-police
http://members.calbar.ca.gov/fal/Member/Detail/53887
I believe he recently filed Chapter 7 bankruptcy (Case No. 2:11-bk-25322-TD, Central District, CA).
Here is a picture of Ken Ketner, who I presently believe recently registered a website for AIMH.
2007, a Ken Ketner sentenced to prison for scamming millions; recently released.
http://articles.dailypilot.com/2007-07-04/local/dpt-ketner04_1_newport-beach-fraud-and-money-laundering-andrew-stolper
delete
Satellite - 2 different issues:
CIVIL
If he exceeded scope of contract, then whomever employed him can sue in civil court for breach of contract, and recover damages. Here, the petitioner is whomever employed him, presumably the major shareholder. If found guilty here, no jail time, just have to make whole.
CRIMINAL / FELONY
If he hijacked AIMH without authorization, then all one (anyone) needs to do is file a complaint with the District Attorney and call for an investigation into grand theft and fraud. This is a FELONY CRIMINAL matter, where the petitioner and prosecutor will be the DA. If found guilty here, possible prison time, $ penalties, etc. I vaguely recall someone saying Kidder did serve jail time for something else he did in securities, so maybe he'll go back to prison over this one.
Then, there's the SEC and OTCMarkets. Other animals.
Think OJ Simpson.
1st -- CRIMINAL - OJ was prosecuted by the DA for criminal charges & found innnocent.
2nd - CIVIL - OJ was sued in civil court by his wife's family where he was found guilty & had to pay them $.
I think a felony complaint can be made in any jurisdiction because it's a publicly traded stock, so wherever injury occured, that court can claim j/d. BUT, then again, may be properly brought in local District Attorney office in Nevada (place of incorporation), and in county where office is listed so not to waste time. Have to check FRCP notes. Forget these particulars.
Actually, once Morey and the fraudulent deal is out of the way, AIMH remains unscathed with no bad marks on it.
If Morey acted beyond the scope of his contract and signed papers himself, then that's breach of contract, fraud, and grand theft, and there is a cause of action. Probably other things can be stacked onto these 3.
Technically, anyone can bring a civil suit, but is anybody going to report it to the District Attorney of jurisdiction to have felony charges brought against Morey, Kidder, and or Marchi for GRAND THEFT and FRAUD?
Morey risked, and lost, his ability to participate in OTC.
Looks like someone is going to prison. Morey, Marchi, Kiddder?
Good for us - AIMH clean shell back on the market.
Kidder has been disbarred, but not banned from pinks.
Looking like they did try to abscond with the shell.
Oh brother! It gets better. Russell Kidder’s 1988 arrest for 7 felony counts that included GRAND THEFT and FORGERY, included him allegedly swindling a doctor out of a trust deed loan on a house that belonged to one of his relatives; when the MD asked for the deed, Kidder allegedly drew up a FAKE DEED and presented it to him. Kidder also allegedly stole funds from a trust account. If these charges are true, then maybe it is not a far stretch to believe he and Morey tried to defraud AIMH majority shareholder of his asset (AIMH) with a fraudulent transfer.
Kidder filed bankruptcy April 8, 2011 with estimated liabilities of $1,034,930, including a $73,000+ federal tax lien, $199,371 judgment in favor of Union bank, and has racked up medical bills in 2010, including hospital bills, transplant and urology, and radiology bills.
In the bankruptcy papers, he lists 5,000 shares MSEH, 500,000 shares TRAC Fin’l Group (now 25K shs Avalon Capital Holding Group), 80K shares Advansys Companies, Inc., and 1 million shares BOCL.
What I’m wondering is, if both Marchi and Kidder are in bankruptcy, where did they get the money to buy the shell? They don’t have any assets or income to speak of.
Joby, if you would like a copy of the bankruptcy papers, send me your email address.
Hey Potomac. Your river's still there.
Who hired Morey to sell the shell?
No, the stock wouldn't be. There would be civil suits filed against the perpetrators.
Your profile?
Looking like a come back kid.
Sheesh louise! 350 buy orders : 50 sell.
THE PLOT THICKENS? WHAT’S GOING ON?
Marchi’s no stranger to OCT:BB stocks.
A standard pump and dump would have done a major promotional and simultaneous dumping deluge. Then, we would have found out later it increased A/S by the billions.
Morey consistently told Joby how great the share structure was. How believable is Morey? He’s banned from the OCTMarkets for a reason. See http://www.otcmarkets.com/companies-advisors/prohibited-attorney
If true (great share structure), no need for a R/S. The first thing Marchi did is announce he’s anticipating a 1:300 reverse split. He must have known that will drive the PPS way down; or maybe he’s an 82-year old senile man who doesn’t appreciate the consequences of his actions; or, maybe he’s being manipulated by someone (like a $ guy).
SO WHAT IS GOING ON?
1. Is he using scare tactics trying to force shorts to cover (“bring the certs”) so all shares will be accounted for? (What would Marchi stand to gain by that?)
2.a. NUMBER TWO FOR BEING A CRAPPY THING -- Is he senile or stupid and oblivious to the fact that his announcement would kill the PPS and scare investors away. Maybe so. Consider his previous stocks:
-- BCLE – SEC came down on, so he transferred assets to ACLH.
-- ACLH – no income; on greys.
-- BOCL – undercapitalized, only reporting company, he bailed from this in September.
2.b. ANOTHER NUMBER 2 – Is Marchi a behind-the-scenes Russ Kidder puppet? If so, then #1, #2, #4, and/or #5 may apply to Russ Kidder. Kidder was arrested on Fraud Charges 1988 (see http://articles.latimes.com/1988-05-07/local/me-2198_1_orange-police); and he resigned the California Bar with charges pending. See http://members.calbar.ca.gov/fal/Member/Detail/53887 Does a zebra change its stripes? Supporting this proposed scenario is an Elmer Glenn Marchi and Mary Lee Marchi, of 101 Scholz Plaza, PH22, Newport Beach, CA 92663, filed voluntary Chapter 13 bankruptcy being $500,001 - $1 million in debt on September 9, 2011. If this is our Marchi, where did he get the money to buy a shell from Morey? Maybe Marchi is just a puppet. Maybe Kidder is funding this whole thing.
3. Did he deliberately kill the PPS so he could buy cheap shares on the open market (Nathan Rothchild maneuver), or
4. Is there an alternative explanation for his action?
Sorry for reposting. Pennies are like a chess board; only so many moves that can be made. Someone has had to have see this before. What does Marchi stand to gain by scaring investors off and driving the PPS down even before he starts a PR campaign about the R/M – nobody in their right mind will touch it now believing a R/S is on the horizon.
LET’S ASSUME THE OBVIOUS –
WHATEVER MARCHI DOES IS FOR MARCHI’S BENEFIT.
MARCHI IS BUYING TIME –
HE WANTS INVESTORS SCARED OFF FOR UP TO 2 MONTHS.
WHY?
I BELIEVE HE PLANS ON MAKING MONEY AND LOTS OF IT.
THE ONLY QUESTIONS:
-- WILL THERE BE A WAVE; AND, IF YES,
-- ARE WE GOING TO BE ABLE TO RIDE IT?
Unless Morey and Kidder are golfing buddies. Then, it makes perfect sense.
Proof?
Is Russ Kidder disbarred?
We'll see.
I'm presently going with #1, that he's either senile or just plain stupid.
I just find it hard to believe anybody would be THAT stupid. Senility at 82-years -- ok, but THAT STUPID?
He had a good thing going.
Think I'll renumber #1 to #2, get it?
Yea, but who, in their right mind, is going to rush in with a R/S on the horizon? If that is his intention, which I don't doubt at all, he lost the game before he even started.
It makes sense if they weren't being truthful about share structure, or they plan on changing it dramatically.
I want to keep this current -- looking for input from more experienced investors.
Yea, but only thing wrong with your theory is it doesn't work that way as evidenced by the sell off and price collapse of today.
Looking forward to those strong financials on the horizon. :)
Marchi's buying time -- he wants investors scared off for 2 months. Why?
Also, what does he care about that?
They'd have to do it anyway when ticker changed, yes?
Wouldn't it have been much more profitable to get the shorts to cover with PR blitz and announcement of ticker change at which time he simultaneously increased A/S and sold higher?
That logic doesn't make sense to me (covering now).
Can't do look-backs in a R/M - new management, new game plan, unless it's making predictions about how easily the stock could move due to share structure / float. T/A didn't produce current float.
Plus, Marchi has effectively scared all investors off the playing field with his saying he might do a 1:300 R/S. Nobody's going to buy that. Either he's senile or he knows that's going to cause a huge sell-off and the PPS is going to plummet.
This is either an act of grave stupidity or engineered.
About half of which have this board boardmarked.
QEDN did that with a much larger R/S ... destroyed the stock and it never recovered.
This stock has been killed before it even got off the ground.
Could he be buying shares on the open market?