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.
FONG'S SEC SUSPENSION: 2012
Here ya GO WITH Fong's name CLICK the OTCMARKET'S link.
HERE'S Fong's SEC Suspension.
FONG'S SEC SUSPENSION:
SGLN SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-67868.pdf
Order
http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf
Company Directors
Henry Fong
Thomas G. Toland
http://www.otcmarkets.com/stock/SGLN/company-info
----------------------------------------------------
Fong's 1990 SEC Troubles and Miami Herald Exposure:
Equitex’s chairman and chief executive, Henry Fong, was investigated by the Securities and Exchange Commission in 1990.
“Fong, a Jupiter [Florida] resident and philanthropist, knows his way around money. As people rushed in to buy Equitex shares, Fong cashed out selling more than a third of his 1.6 million shares
as the stock peaked.
Back to the philanthropist Fong – the one who sold
one-third of his stock in Equitex to investors
clamoring to get on the Internet bank band wagon.
The Miami Herald wrote, “According to a 1990
complaint filed by the SEC, Fong took part in an
$8 million stock manipulation scheme involving
newly minted shares of Star Publications. The
story made the rounds as business journals drove
home the problem of penny stock fraud. But the
SEC case against Fong went nowhere, and it was
dropped when Fong agreed to return $73,775 in
profits.
In 1999, Duffy wasn’t concerned about Fong’s
past, telling the Miami Herald, “I’m the one who
put the deal together and Henry Fong has been
true to his word. I have no problem with the guy. I
think he’s one of the most trustworthy guys in
South Florida.”
Duffy forgot all about that statement two years
later when he was fired, locked out of his offices,
and removed as chairman in November 2001.
Outraged at his treatment, Duffy sued the bank and
received a judicial order on February 8, 2002,
putting him back in charge and barring the new
board from running the bank.
FONG HAD HIS FIRST SEC SUSPENSION September 2012.
----------------------------------------------------
The Fong Dilution Method. GRAS is Next.
Lets look at the companies Henry Fong has run and you will see a pattern. A pattern that SNVP will be repeating.!
China Nuvo Solar Energy, the predecessor to Surgline: Had no sales for years, only expenses. Raised almost $2 million. But China Nuvo bought technology, none of which it ever was able to exploit. Acquiring technology makes for great press releases, which China Nuvo was able to exploit, trading as high as $.16 a share—100 times the current price. And back then, 2006 to 2011, solar energy was “hot.” Now there has been a shakeout in the industry, profits are falling, it was time to exit the solar energy field and enter what Fong thought was the new “hot” field. To whom did China Nuvo sell its securities? From the July 2010 10k: On September 24, 2009, the Company issued 16,666,667 shares of its common stock upon the conversion of $65,000 of convertible debentures to non affiliated third parties. The shares were converted at $.0039 per share. On February 9, 2010, the Company issued 18,000,000 shares of its common stock upon the conversion of $54,000 of convertible debentures to non affiliated third parties. The shares were converted at $.003 per share. On April 1, 2010 the Company issued 55,940,455 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $123,069 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2010 is $314,172 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2011.
In the 2009 10-K:
On May 4, 2009, the Company issued 6,357,666 shares of its common stock upon the conversion of $17,500 of convertible debentures and $1,573 of accrued interest to non-affiliated third parties. The shares were converted at $0.003 per share. On June 5, 2009 the Company issued 7,092,195 shares of its common stock upon the conversion of $25,000 of convertible debentures to non-affiliated third parties. The shares were converted at $0.003525 per share. On July 27, 2009 the Company issued 21,697,324 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $98,650 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2009 is $437,241 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2010. On July 30 and 31, 2009, the Company issued in the aggregate 10,424,089 shares of its common stock upon the conversion of $42,500 of convertible debentures and $2,063 of accrued interest to non-affiliated third parties. The shares were converted at $0.004275 per share.
FONG'S SEC SUSPENSION: 2012
Here ya GO WITH Fong's name CLICK the OTCMARKET'S link.
HERE'S Fong's SEC Suspension.
FONG'S SEC SUSPENSION:
SGLN SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-67868.pdf
Order
http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf
Company Directors
Henry Fong
Thomas G. Toland
http://www.otcmarkets.com/stock/SGLN/company-info
----------------------------------------------------
Fong's 1990 SEC Troubles and Miami Herald Exposure:
Equitex’s chairman and chief executive, Henry Fong, was investigated by the Securities and Exchange Commission in 1990.
“Fong, a Jupiter [Florida] resident and philanthropist, knows his way around money. As people rushed in to buy Equitex shares, Fong cashed out selling more than a third of his 1.6 million shares
as the stock peaked.
Back to the philanthropist Fong – the one who sold
one-third of his stock in Equitex to investors
clamoring to get on the Internet bank band wagon.
The Miami Herald wrote, “According to a 1990
complaint filed by the SEC, Fong took part in an
$8 million stock manipulation scheme involving
newly minted shares of Star Publications. The
story made the rounds as business journals drove
home the problem of penny stock fraud. But the
SEC case against Fong went nowhere, and it was
dropped when Fong agreed to return $73,775 in
profits.
In 1999, Duffy wasn’t concerned about Fong’s
past, telling the Miami Herald, “I’m the one who
put the deal together and Henry Fong has been
true to his word. I have no problem with the guy. I
think he’s one of the most trustworthy guys in
South Florida.”
Duffy forgot all about that statement two years
later when he was fired, locked out of his offices,
and removed as chairman in November 2001.
Outraged at his treatment, Duffy sued the bank and
received a judicial order on February 8, 2002,
putting him back in charge and barring the new
board from running the bank.
FONG HAD HIS FIRST SEC SUSPENSION September 2012.
----------------------------------------------------
The Fong Dilution Method. fffc is Next.
Lets look at the companies Henry Fong has run and you will see a pattern. A pattern that SNVP will be repeating.!
China Nuvo Solar Energy, the predecessor to Surgline: Had no sales for years, only expenses. Raised almost $2 million. But China Nuvo bought technology, none of which it ever was able to exploit. Acquiring technology makes for great press releases, which China Nuvo was able to exploit, trading as high as $.16 a share—100 times the current price. And back then, 2006 to 2011, solar energy was “hot.” Now there has been a shakeout in the industry, profits are falling, it was time to exit the solar energy field and enter what Fong thought was the new “hot” field. To whom did China Nuvo sell its securities? From the July 2010 10k: On September 24, 2009, the Company issued 16,666,667 shares of its common stock upon the conversion of $65,000 of convertible debentures to non affiliated third parties. The shares were converted at $.0039 per share. On February 9, 2010, the Company issued 18,000,000 shares of its common stock upon the conversion of $54,000 of convertible debentures to non affiliated third parties. The shares were converted at $.003 per share. On April 1, 2010 the Company issued 55,940,455 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $123,069 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2010 is $314,172 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2011.
In the 2009 10-K:
On May 4, 2009, the Company issued 6,357,666 shares of its common stock upon the conversion of $17,500 of convertible debentures and $1,573 of accrued interest to non-affiliated third parties. The shares were converted at $0.003 per share. On June 5, 2009 the Company issued 7,092,195 shares of its common stock upon the conversion of $25,000 of convertible debentures to non-affiliated third parties. The shares were converted at $0.003525 per share. On July 27, 2009 the Company issued 21,697,324 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $98,650 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2009 is $437,241 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2010. On July 30 and 31, 2009, the Company issued in the aggregate 10,424,089 shares of its common stock upon the conversion of $42,500 of convertible debentures and $2,063 of accrued interest to non-affiliated third parties. The shares were converted at $0.004275 per share.
FONG CEO/CFO PROFESSIONAL PENNY STOCK SCAMMER GETS $308,000 IN FFFC STOCK. LOLzzzzzzzzzzzzz
During the year ended December 31, 2012, the Company entered into various agreements with certain of its non-affiliated creditors to convert various outstanding loans into restricted shares of the Company. The total amount converted was $235,725 and the Company issued 35,465,946 shares of common stock, at an average price of approximately $0.0066 per share.
On May 25, 2012 the Company issued 15,000,000 shares of restricted common stock in satisfaction of $367,500 of accrued and unpaid fees to Barry Hollander, the Company’s Acting President. The shares were issued at $0.02 per share. Mr. Hollander agreed to forgive the remaining $67,500.
On May 25, 2012, the Company issued 15,000,000 shares of restricted common stock in satisfaction of $308,549, comprised of accrued and unpaid fees owed to Mr. Henry Fong, a Director of the Company, legal fee reimbursement and accrued and unpaid interest on loans from Mr. Fong. The shares were issued at $0.02 per share. Mr. Fong agreed to forgive the remaining $8,549.
On May 25, 2012, pursuant to the Agreement in Note 1 above, the Company issued 90,000,000 shares of restricted common stock to Carbon Capture Corporation (“CCC”) in exchange for 100% of the common stock of their wholly owned subsidiary, Advanced Technology Development, Inc.
On May 25, 2012 the Company issued 1,410,255 shares of common stock to Asher upon the conversion of $5,500 of the 2011 Note. The shares were issued at an average price of approximately $0.0039 per share.
On June 14, 2012 the Company issued 1,434,264 shares of common to stock to Asher upon the conversion of $12,000 of the 2011 Note. The shares were issued at an average price of approximately $0.0084 per share.
On June 27, 2012 the Company issued 507,246 shares of common stock to Asher upon the conversion of $7,000 of the 2011 Note. The shares were issued at an average price of approximately $0.0138 per share.
In June 2012, the Company issued 3,200,000 shares of common stock pursuant to the exercise of warrants to purchase 3,200,000 shares of common stock. The exercise price of the warrants was $0.01 and the Company received $32,000.
On July 9, 2012 the Company issued 142,857 shares of common stock to Asher upon the conversion of the remaining balance of $500 of the 2011 Note and accrued and unpaid interest of $1,000. The shares were issued at an average price of approximately $0.0105 per share.
On October 9, 2012 the Company issued 35,714 shares of restricted common stock to Carebourn in consideration of fees related to the issuance of the Company’s $5,000 convertible note to Carebourn. The shares were valued at $0.014 per share and the Company recorded interest expense of $500 for the year ended December 31, 2012.
In October and December 2012, the Company issued 819,000 shares of Series A Preferred stock and 297,667 shares of Series B Preferred stock to CCC in exchange for their cancellation of 67,000,000 shares of common stock.
On December 10, 2012 the Company issued 6,111,111 shares of common to stock to Asher upon the conversion of $11,000 of the June 2012 Note. The shares were issued at an average price of approximately $0.0018 per share.
We offered and sold the securities in reliance on an exemption from federal registration under Section 4(2) of the Securities Act of 1933 and Rule 506 promulgated thereunder. We relied on this exemption and rule based on the fact that there were a limited number of investors, all of whom were accredited investors and (i) either alone or through a purchaser representative, had knowledge and experience in financial and business matters such that each was capable of evaluating the risks of the investment, and (ii) we had obtained subscription agreements from such investors indicating that they were purchasing for investment purposes only. The securities were not registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The disclosure contained herein does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, and is made only as permitted by Rule 135c under the Securities Act.
WHEN EXPLOSION COMES ALL DREAMS-WILL-BE-DEVASTATED-FOR-ALL-ETERNITY!-AFPW
ALL DREAMS DESTROYED FOR EVER..
WORKERS LOSE THEIR LIVES..
IN THE YEAR 1937 HINDENBURG THE BIGGEST HYDROGEN DISASTER SHOCKED THE WORLD.. 35 SOULS STILL REMAIN IN THE DARKNESS..
IN THE YEAR 2002 I HAD THE PRIVILEGE OF KNOWING THE MOST POWERFUL ORACLE IN WORLD AND MY FUTURE HAS CHANGED..
ORACLE TRAVEL IN TIME AND SEE THE FUTURE UNTIL YEAR "21B-331C" (EQUIVALENT TO YEAR 2067 AND YEAR THAT I WILL DIE)
ORACLE HAVE UNLIMITED MEMORY AND CAN USE 84% OF HIS BRAIN AND 99% POPULATION IN THE PLANET EARTH USE LESS THAN 9%
ORACLE CAN TRAVEL IN TIME TO FUTURE OR PAST INSTANTLY AND OWNS CAPABILITIES TO PREDICT AND EVENTUALLY CHANGE THE FUTURE!
ORACLE SAW SO MUCH DARKNESS IN OUR FUTURE.. THE COMPANY WILL HAVE SOME PROBLEMS AND MALFUNCTIONS IN THE TECHNOLOGY..
DEFECTS WILL CAUSE AN LARGE EXPLOSION AND EVERYTHING WILL BE DESTROYED.. MANY WORKERS WILL LOSE THEIR LIFE IN EXPLOSION..
HINDENBURG DISASTER WILL REPEATS AGAIN.. HISTORY WILL BE MADE.. BODIES BROKEN.. PARTIES IN BIT.. BURNT BODIES..
ONE LEG HERE.. THERE ONE HAND.. A HEAD TO FUND.. BIG EXPLOSIONS.. FIRE.. SMOKE.. SCREAMS.. PAIN.. DARKNESS.. NO SURVIVORS!
ALL PROJECTS WILL BE SUSPENDED.. COMPANY WILL TRY TO FIX THE PROBLEMS IN TECHNOLOGY BUT WILL NOT BE SUCCESSFUL!
ORACLE PREDICT WHEN THE LARGE EXPLOSION COMES IS THE TRULY END AND SUCCESSIVE BANKRUPTCY AND COMPANY WILL NOT SURVIVE!
ALL DREAMS WILL BE DESTROYED FOREVER.. MAJOR PLAYERS CRYING.. REMAINS COMFORT THE FAMILIES AND BURY THE INNOCENT DEATHS..
IN THE YEAR 2054 THE ORACLE WILL TRAVEL IN TIME AND WILL CHANGE THE FUTURE TO PREVENT EXTINCTION OF HUMAN RACE..
MORE ORACLE TRULY BELIEVERS WILL EMERGE! THIS IS THE ORACLE PROPHECY! ONLY ORACLE TRULY BELIEVERS WILL SURVIVE!
IN THE SHADOWS ORACLE WILL LIVE FOREVER.. FOR THOSE WHO HAVE LOST EVERYTHING!
WHEN EXPLOSION COMES.. ALL DREAMS WILL BE DESTROYED FOREVER! AFPW
GRAS: Carmela's Pizza~VS~Fong's PIZZA!
Quote:Carmela's:
476 likes
52 visits
https://www.facebook.com/CarmelasPizzeria
Fong's:
21,790 likes
28,357 visits
https://www.facebook.com/pages/Fongs-Pizza/49683283987
Looks like Carmela's LOSES!-LMAO!!
Maybe FONG should of bought into Fong's!
not true! is impossible up with-2-billions-dump-at-0.0001
afpw will not see 0.0003 again! only with RS
FFFC REVERSE SPLIT 1:300 VERY-SOON!-BEWARE-FONG-SCAM!-SELL-NOW!!!
my princess is not an replacement afpw cartridge..my princess is lost forever and the massive destruction can't be fixed with other new princess
about afpw with 2 billions dump at 0.0001 is impossible to see 0.0003 again..
this will reverse split in the next mouths
i have 5 millions shares and sooner will have only 25.000 or 50.000 shares trading in triples again
all dreams destroyed for all eternity
fonged twice
VERY SOON MJ WILL NOT WORK-FOR-DUMP-NO-BUYERS!!!-FONG-BS-PR-EBOLA-SOON!-AFPW
when the next reverse split happens, fong will invent some new BS press release again to dump more 3 or 4 billions
maybe now a generator to help in ebola? very possible
and they will not go to bankrupcy.. they will reverse split and dump more 3 or 4 billions again and receive more money to pay 1 year the fong salary and cade and olsen
last years they not sell any product.. revenues 0 and they not go to bankrucply.. they just reverse split and dump into bs press releases..
they will not get any MJ contract because this is all BS, and no one will buy a papper with an possible project!!!
afpw is not working in nothing,-all-michigan-is-a-dream..not-reality!!
the michigan project will never come reality! is only a project.. a papper..
will be the same as airforce PIBS contact...
in airforce they also announce they complete partnerships and bla bla bla.. only lies to dump
this will continue at no bid.. waiting for the next reverse split and investors lose all investment again
all mj press releases-is-fong-lies!!!-novofuel-is-a-ghost-company-with-0-workers!
GRAS NO BID SOON! INVESTORS-DEVASTATED!-SALE911-KNOWS-THE-TRUTH-AND-ADVICE!!-FONGED
FFFC NO BID TODAY!!!!NO-BID-TODAY!!!SALE911-KNOWS-THE-TRUTH!!!LOloLOLLOlzzzzzzzzzzzzzzzzz
FFFC S.E.C. SUSPENSION!-BANKRUPCY!-NO-BID!-REVERSE-SPLIT-1:300-SOON!-FONGED
you can buy more 50 millions-or-500-millions..they-have-unlimited-shares
10 bagger with unlimited shares? GLTU
REVERSE SPLIT 1:300 COMMING IN-2014!!!S.E.C.-SUSPENSION-NEXT!!LMAOzzzzzzzzzzzzzzzzzzzzzzzzz
FFFC FLUFF NEWS TO DUMPPPPPP!!!NO-BID-SOON-AGAINNNNN!!!LMAOzzzzzzzzzzzzzz
I TOLD YOU! FONG EXITED TO DUMP!!-PIG-WILL-BACK-TO-0.0002!-NO-BID-IN-OCTOBER!
Investors were royally FONGED here! Shameful!!!! sad but..TRUE!
ALL DREAMS WILL BE DEVASTATED-FOR-ALL-ETERNITY..WILL-EAT-SECOND-FONG-RS
MY 5 MILLIONS WILL BECOME 25.000 OR 50.000 SHARES
FONG DUMP 2 BILLIONS @ 0.0001 AND-KILL-THE-STOCK,-REVERSE-SPLIT-SOON