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The float needs to turn over in this area to put a floor in. Thankfully there are no toxic instruments in place that would be triggered and cause a landslide.
One thing is for certain...Maxim was very irresponsible in their pricing of the last financing. If a company is having a listing requirement issue the last thing you do is price a deal 35 pct below market. Tsk Tsk
If I were in a management position here I would be looking for an acquisition. They have a very small capital structure and they could use stock to acquire a company that compliments their service and solve the shareholder equity problem in one shot.
Most small companies struggle with financing. Unfortunately the vultures come out in droves when they see an opportunity. The technology is good, i am not in love with the CEO compensation either but I believe if they get past this hurdle that this company would take off.
CDEL seems to be the Axe...NITE the Hammer?
Any due diligence research would be greatly appreciated
Has anyone called or contacted anyone from the company?
Seems to be firming up here. Why hasnt this page been updated with current company info?
Why is this company public? What a shit show.
When Brent Brown was intercepted outside a furniture pawn shop he told the news reporter that the company needs to raise money...it needs funding. I almost fell off my chair. Sure buddy...heres 40 mil so you can get back to even. He also claims to be traveling to Dubai regularly for a franchise partner there. Hmmm where is that disclosure? Or does Brownstone keep the open venue for Brent? Scumbag
Under new management? Who is the NEW ? There is nothing here but a huge pile of debt and lawsuits. Brent is a thief and liar and will be flat broke as he signed personally for many of the debts. Game over here....only trading you see is when a debtor converts a note and hires a pump and dump crew.
There are no stores open.
They wont file bankruptcy. Corporate bankruptcy is investigated by the FBI...with all the "misplaced " cash and Brent Browns shady connection with Brownstone and the most likely fraudulent transactions between the two. If the feds get in and pick this apart Brown and Garson are going to JAIL. The biggest surprise is why TIM GANNON, founder of Outback Steakhouse, hasnt resigned from the Board of Directors. Could it be that he was knowledgeable in regards to the fraud? I would have thought he would put as much distance between himself and this criminal enterprise as possible. I think this will be a RICO investigation with charges brought down on Brown and Garson. They doctored the financials to get funding, stole money from the locations, defrauded the payroll system, stole the employee health care witholdings and a host of other misdeeds. More and more will come to light as the days go by....
Doubtful...we will see...already cut it in half
ASCM putting the smackdown on this....will be down shortly
Boom...i dont do PMs...if you are serious about what you sent me email me at Justforgreatness@gmail.com
There is no point in debating things here. The only way this deal will gain credibility is when it goes fully reporting with a reputable auditor. Thats the next step and perhaps then it will have some substance. The track record is what it is...there are some bodies in the wake. Have to do more than put out press to regain creds.
Be that as it may...in this particular instance i personally know the 3rd party very well. Hes a greedy prick that would never split the pot. It waa all him....
I can tell you with 100 pct certainty that Jim had nothing to do with that pump nor did he or the company benefit in any manner. The only benefit was getting that shareholder out of the picture. If you care to email me i can give you specifics.
Ugh....
The company will never be a party to hiring a pump guy as long as I have anything to say about it. I cant control scumbag funders and block buyers. Last I checked it was illegal to run a campaign to liquidate your shares....something to ponder. The good thing is that block has been distributed and both toxic guys are out of the way.
I dont do private message mate...valleybenedetto@gmail.com to reach me
Im trying to comprehend what would make him say that...its total lunacy.
Operating what? The company is loaded with debt and litigation. How could there possibly be a turnaround? Nobody in their right mind will finance this.
Hop...who are you referring to? Im curious as to who was selling shares and not disclosing compensation....
I hate it when I have to agree with Homebrew. But in this case...I do.
Yes a 3rd party I shall not name bought the remaining shares from Greentree Financial. He has obviously hired some pumpers to liquidate. The good thing is that there are no more blocks in weak hands. This was not authorized or set up by the company in any way.
I am not in total disagreement with this. Many things could have and should have been done. But we are in the now and things are looking bright so I choose to have faith in Jim that he learns from past mistakes and makes something out of this company. On the grand scale of corporate misdoings and mismanagement this one is a microspeck compared to others....but yes it has had its share of unfortunate events.
Respectfully disagree. If you are referring to the outstanding debts that wont get paid....then you are highlighting something that 100s of microcap companies share. Call it collateral damage. Im not happy with the state of things either but I know Jim very well and a thief he is not.
Ask VowofV...he supposedly spoke to the SEC. If you research Garland you will see the action. If you research Jim Vowler does anything come up pertaining to the SEC? Vow was not speaking in whole teuths...if there was any SEC activity in UPZS they would never comment on an active investigation.
The cease and desist was on Garland Harris...and only Garland Harris. He was taking payments via paypal and credit cards which Jim had no knowledge of.Jim was completely cleared of any wrongdoing..8 years ago...this is fact not speculation.
I Dont know if he will file a bankruptcy....those are investigated by the FBI....i dont think he wants that.
Can you think of a reason they shouldnt be dumping?
Seems to me like they cut expenses dramatically and closed the gap.
10K out. Nice turn around.
Brown is on the hook personally....rumor has it that he personally guaranteed millions in loans. Good ole chappy 7 seems to be in line here. 7 OUT>>>NEXT SHOOTER
It certainly is possible. Ive been in his 8 years...whats another 20?
If you feel that strongly about it feel free to use this link...
https://www.sec.gov/complaint.shtml
Jose Madrid salsa is a recent acquisition of Unique Pizza...as is Popsycakes. Easily verified should one care to. Brewhouse under construction...like everything else taking longer than expected but once again...easily verified. Anyone could go to the location if in the area. If you feel this is a scam then I encourage you to notify the SEC so they can investigate....or the FBI...or FINRA...whomever you choose. Perhaps that would satisfy any questions or accusations.
Updated info on Latitude Pittsburgh
Dream Machine Pittsburgh Update...Latitude360 is not closed...(just last night) The restaurant, bars etc... Are open tonight. No live entertainment until further notice.