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What's to PR? "we finally got a lawyer"?
Today for sure should Of been PR’ed
Yep I knew that, I mis-spoke.
Just over 7 mill shares. Not 70 mill
I meant 'warrants' not shares.
He was owed those shares by contract.
Lol too funny is right.
DON'T BE SURPRISED THAT ALL THE P.R.'S FROM HERE ON OUT COME ON A FRIDAY " AFTER HOURS " .
Gonna expire worthless.
he needs the pps @ .03 for those warrants by May 12th.
Everyone been calling it daily for 2 years!
Anyone want to call the bounce here?
Plenty, and growing. Find them here:
Does anybody know how many current and outstanding lawsuits have been filed against SIRC?
Wow, great reading! And NONE of it surprising...
Here is the latest lawsuit filed against SIRC:
https://drive.google.com/file/d/1-x1OyxdGAXiI2gSmex6lYRQPcRqtfVAZ/view
This company is not only a horrible investment…it is also a horrible place to work!
C'mon. Why did they pass it up?
Johnson and Johnson, Roche, and Pfizer were all interested in this therapy back when Fabrizio was running it in Italy
Great article regarding SEC "Regulation D".
Form D filings cost nearly nothing, are subject to essentially zero SEC oversight, but can raise billions...
"Preposterous claims in private investment offerings illustrate an important point about red-hot ‘Reg D’ securities: No one is checking to see if the details in these filings are even remotely true"
https://www.wsj.com/articles/digging-into-a-344-billion-investing-mystery-c5a4a427
Digging Into a $344 Billion Investing Mystery
For the cost of notarizing a single document—probably $10 or less—you can declare yourself one of the biggest financiers in history.
That’s about all it takes to file private investment offerings at the Securities and Exchange Commission under what’s called Regulation D. Judging by Form D filings purportedly made by a man named Stephon Patton, the SEC won’t stop you.
Alternative investments—assets such as stocks and funds that don’t regularly trade in public markets—are one of the biggest fads on Wall Street. Investors being pitched on them should take note: The market for Reg D investments isn’t the Wild West, where some rules don’t apply. It’s closer to anarchy, where rules barely exist and disclosures can be utterly untrustworthy, as I pointed out in a column earlier this year.
It’s illegal to make false statements on an SEC filing. Unlike disclosures for public companies, Reg D disclosures, known as Form D’s, contain only the most basic information, such as the company’s address, the size of the deal, the number of investors and a few other items. The SEC doesn’t regularly review Form Ds, as it does prospectuses for public companies. So it’s buyer beware.
“As investors, we need to understand that when someone files a Form D, the government isn’t endorsing it,” says Christine Chung, a securities-law professor at Albany Law School.
Nor does the government check if the disclosures are absurd, as appears to be the case with Mr. Patton’s filings.
Since February 2020, according to these disclosures, four companies ostensibly controlled by him have raised at least $344 billion combined. That is preposterous: It would make him one of the greatest financial titans in American history.
SEC disclosure documents also say Mr. Patton has collected at least $387 million in management fees and other compensation from the four companies in the past three years.
Who is this mogul and why have you never heard of him, even though he claims to have sold a third of a trillion dollars’ worth of stock to wealthy private investors?
One possible reason for his obscurity: Mr. Patton, who is 51 years old, has spent much of the past 20 years in and out of county jails and state prisons in Mississippi and Florida.
Hoping to explain all this, I called each of Mr. Patton’s four companies; there was no answer at any of them. I also reached out to him over email and social media without receiving a response.
I eventually received an email from “Jennifer Grant (ESQ) Senior Secretary (NORTH GULF ENERGY CORPORATION) HQ, Office Dallas (USA),” which said Mr. Patton is “out of the office because of a family member that has passed.”
I responded with a set of detailed questions but received no further reply. So I can’t give Mr. Patton’s side of the story.
Granted, the main problem with Mr. Patton’s Form D filings may only be potentially false disclosures. It’s far from clear that any buyer has ever participated in Mr. Patton’s offerings. The filings could be an elaborate ruse, or a sad delusion.
Still, Mississippi state securities regulators have begun an investigation into these disclosures, according to people familiar with the matter.
Mr. Patton’s filings do raise a concern about the SEC: Namely, why the nation’s primary investment watchdog hasn’t picked up on disclosures that call into question a big slug of the total amount purportedly raised in a hot, yet dark, corner of the financial markets.
That matters because disclosure is the cornerstone of investment regulation. Filing Form D permits someone to sell securities without having to register them under investment laws.
Yet anyone—literally—can file a Form D without any credentials, prerequisites or fees other than paying a notary and filling out basic online paperwork. Form D disclosures are filed on the SEC’s Edgar website, where anyone can view them. Investors can use Form Ds to glean a few tidbits, such as which industry the issuer is in, who earned compensation for selling it and how many people have invested.
“Unlike registration statements, which are subject to staff review and comment,” says an SEC spokesman, the agency “does not as a matter of course verify the accuracy of the information in a Form D filing. However, there are consequences for making a fake filing with the Commission and we encourage investors or others who are aware of any fake filings to bring them to the staff’s attention.”
But if the SEC didn’t check into the validity of $344 billion in supposed sales of securities, how can investors trust any of the data in the alternative-investment marketplace?
“If it’s going to fulfill its mission of investor protection, the SEC should be reviewing these filings to find errors or potentially fraudulent conduct,” says Craig McCann, president of SLCG Economic Consulting, a research firm in McLean, Va., who called Mr. Patton’s disclosures to my attention.
Digging into the details of Mr. Patton and his purported companies shows why this is such a shocking lapse.
Two of the companies listed in the SEC filings, North Gulf Energy Corp. and Star Oil & Gas Co., say they are headquartered at 1445 Ross Ave. in Dallas, a prestigious office tower also known as Fountain Place.
Kristal Hollyday, senior property manager at Fountain Place, says North Gulf Energy and Star Oil & Gas don’t have any offices in that building.
Neither North Gulf nor Star Oil & Gas is incorporated in Texas. Instead, Mississippi state records show that they’re incorporated there. North Gulf is based at the same address as a 2,358-sq. ft. house on a gravel road about 13 miles outside Columbia, a town of about 6,000 people in the southern part of the state.
Other public records in Mississippi suggest that is Mr. Patton’s family home. In the SEC filings, Mr. Patton’s address is listed in an exclusive enclave near Miami. County property records show that property is a 20,000-square-foot waterfront compound that was bought by a limited partnership in 2017 for $43.7 million.
According to Star Oil & Gas’s website, the company owns or leases 798,000 acres of oil fields and timberland in 19 U.S. states and nine countries. Star’s website says the company operates three oil and two natural-gas refineries, as well as at least 37 offshore drilling platforms in the Gulf of Mexico, along with wells in Africa and offshore platforms in Australia and New Zealand. Star has annual revenue of $16 billion and nearly 33,000 employees, according to the website.
However, the U.S. Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement, which track offshore drilling in the Gulf of Mexico, have no record that Star Oil & Gas is active there. Nor do state offshore-drilling regulators in Alabama, Louisiana, Mississippi or Texas.
Mr. Patton’s LinkedIn profile says he has an undergraduate degree in biology from Louisiana State University; a master’s in petroleum engineering and a doctorate in veterinary sciences from Texas A&M University; an M.B.A. from Georgetown University; and a Ph.D. in agroecology from the University of Tennessee.
Spokespeople for those schools say they have no record that Mr. Patton earned any such degrees.
Then there’s Mr. Patton’s criminal record.
According to Mississippi prison records, Mr. Patton, who is known as both Stephon and Stephone, has been sentenced at least five times in that state for various crimes, including false pretense, receiving stolen property and grand larceny.
In 2017, Mr. Patton was convicted in Florida for using another person’s driver’s license as identification to buy a Nissan Altima and a $618,000 boat. He served five months in state prison.
According to police affidavits in the case, Mr. Patton fraudulently used a duplicate of his own brother’s driver’s license. I couldn’t reach the brother for comment.
Add it all up, and Mr. Patton and his companies are baffling. So, too, is the fact that the SEC has overlooked all this and has a filing system that can so easily be misused and manipulated. In the absence of even the most basic oversight, investors considering the purchase of an alternative investment from an unfamiliar company had better do intensive research—or else walk away.
Food for thought:
https://50in50.substack.com/about
The Trading 'lessons':
https://50in50.substack.com/archive?sort=new
I missed it - does $VXIT have an attorney?
...what a huge milestone and update for VXIT!...
That was my question: New info or repeat-news?
Apollo Hospital... is the only Hospital mentioned in the posting here by many and all posts in 2023 from this Tweet.
Lol, 'pursuant to requirements, $GSTC finally retained counsel'
How many shares is $GSTC issuing for this?
All the s*** talking done. And here you are, your sign. VXIT will get something going soon.
I thought we already knew this...
Trial discussions of a highly worldwide rated hospital affiliate
Trading is best done in tax-advantaged accounts.
But sure, gains suck cuz you have to pay taxes, so just ride everything down into oblivion I guess so you can harvest tax losses...
To each his own - in one way you're right: you can't take it with you, so who cares anyway.
GLTA
None of that was insider-info. It was "inaccurate"
Re-read the post you replied to.
What inaccurate info is being spread about $VXIT?
Thanks for always posting corrections to inaccurate info being spread
Sure, read pages 8 onwards in that filing.
Stock issued to officers for cash...
I'll ask again: Who's future projections?
What FDA approval?
They'll very likely expire worthless.
But not for lack of trying - expect ambiguous & impossible-to-verify tweets & posts about upcoming announcements or news or whatever.
Great tweet - "News to come in Feb" lol...
everyone check out future projections after FDA approval.
"CEO would never risk going to jail"
Whatevs, O/S up 25%+ last 12 months.
And that number will continue to grow unabated.
I know - nobody cares.
GLTA
LOL, he NEVER EVER gets filings right first time...
Many realized it yesterday, and he may have been pinged regarding the CLEAR SEC WARNING stated right on every Form 4:
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
"extremely undervalued" he says...
https://seekingalpha.com/article/4591808-imperial-petroleum-makes-massive-profits-but-are-those-for-all-shareholders?
But he concludes with,
The company is currently extremely undervalued, and if the CEO's incentives were aligned with shareholders' interests, it would be a screaming buy...
However, in my opinion, the purpose of this company does not seem to be serving the shareholders but rather to benefit the CEO's affiliated companies.
Tweet. Sell shares. Make empty promises...
NOOB HERE...WHAT DOES THIS COMPANY DO?
Delayed filings again, guess we gotta wait
What could be interesting? Please give us an idea.
Preferred yielding 11%+. Here's the article:
https://seekingalpha.com/article/4591337-imperial-petroleum-preferred-20-percent-discount-11-percent-yield
You can chart it (CNBX/120) if it matters.
At least I can, but does anyone really care anymore?
If $CNBX is worth buying, its worth buying more lower - in which case it would be awesome if you guys would stop pumping it until everyone's fully loaded...
May '22 was latest 1:120.
When and what ratio is this RS?
Don't go after $VRUS, go after Anshu.
He's directly responsible, openly lied to shareholders in multiple companies, and any competent lawyer could easily win the lawsuit imo.
https://seekingalpha.com/filing/7338991
Also be sure to report him to the SEC. He should be in jail, unfortunately there are no real consequences in the OTC so he's probably enjoying some golf and working on his next scheme.
Click HERE for the SEC's Enforcement & Complaint Form.
https://twitter.com/SEC_Enforcement
Could be some interesting DISCLOSURES.
Often the footnotes is where its at.
We'll see.
Said the same here, but 6s working lately...
Chart says .003’s
Until more are issued. It never stops. Ever.
So only 6-7 million shares to go.
OTC CEOs face no consequences.
jk should be indicted for fraud.karmas a mofo
OS up again this week. No biggie. Nobody cares.
He use to be CEO of Radiogel (RDGL)
How COULD JK pay himself? With what?
Neither company has any cash or verfied funds.
Of course filings indicate he's awarded himself 100s of millions of shares, and he's "owed" hundreds of thousands for the supposed work he's done.
So he ain't working for free. Some might say he ain't working at all...
See Note 4: Related Party Transactions mid-page
https://www.otcmarkets.com/filing/html?id=16395006&guid=dKA-knkwjU2C9ch