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As of February 2016 when Toledo dumped their 9.9% shares of 2,906,921 it would be close, however not 30 days later the current shareholder of 5 mil shares at 10% would claim that the o/s is 50mil if he owns exactly 10 percent which by the form 3 only requires a check in the box, could be more yes?
If it's accurate that would be the best educated guess off the filings but who knows what we can trust from this company...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11151376
Is it possible that an RS after a share retirement and zero movement was the best possible route to get to .05?
Is it sustainable plus uplisting after release 10q, news for mountains of madness, and whatever else was in the pipeline?
Or is this a complete wash?
http://www.datalog.co.uk/browse/detail.php/CompanyNumber/USVA0790626/CompanyName/GENARWISE+INVESTMENT+GROUP,+INC.
Not much about the firm... No telling who the investor is...
https://sccefile.scc.virginia.gov/Business/S504659
http://www.bizapedia.com/va/AM-WOOD-CABINET-COMPANY-LLC.html
Am Wood Cabinet Company LLC is a Virginia Domestic Limited-Liability Company filed on April 1, 2016. The company's filing status is listed as 00 Active and its File Number is S610613-4.
The Registered Agent on file for this company is Kemal Kurtulus and is located at 43 Town & Country Drive Suite 119-182, Fredericksburg, VA 22405-0000. The company's principal address is 43 Town & Country Drive Suite 119-182, Fredericksburg, VA 22405-0000
http://www.bizapedia.com/va/GENARWISE-INVESTMENT-GROUP-LLC.html
Genarwise Investment Group, LLC is a Virginia Domestic Limited-Liability Company filed on May 5, 2014. The company's filing status is listed as 00 Active and its File Number is S504659-6.
The Registered Agent on file for this company is Kemal Kurtulus and is located at 43 Town & Country Drive, Suite 119-182, Fredericksburg, VA 22405-0000. The company's principal address is 43 Town & Country Drive, Suite 119-182, Fredericksburg, VA 22405-0000
http://jrgnet.us/contact.html
JUDGMENT RECOVERY GROUP
Serving individual and business Judgment Creditors,
we are a debt collection agency specializing in the recovery of money judgments
awarded in Federal, State and Local courts.
Judgment Recovery Group LLC
43 Town & Country Drive, Suite 119-182
Fredericksburg, Virginia 22405
Phone: (571) 933-6030
Fax: (703) 831-0685
You may also contact us by E-mail
North American Cannabis Holdings and Former Chicago Bears QB Jim McMahon Announce The Cannabis Sports Policy Project
Dallas, Texas – April 19, 2016 - North American Cannabis Holdings, Inc. (USMJ) and former Chicago Bears quarterback, Jim McMahon announce the Cannabis Sports Policy Project (CSPP).
Jim McMahon is an advocate for medical marijuana. As a result of injuries incurred while playing in the NFL, he has endured 18 surgeries and now lives with chronic pain. Medical marijuana has enabled McMahon to end a pharmaceutical pain killer habit.
North American Cannabis Holdings is an entrepreneurial cannabis consumer products development company founded on the belief that cannabis makes lives better. Cannabis can fight disease and improve wellness. North American Cannabis Holdings has recently introduced a cannabis infused beverage cafe under the brand nameAmeriCanna Cafe as well as separately introducing a line of sports and fitness nutritional supplements under the brand name EVERx.
The Cannabis Sports Policy Project is founded by North American Cannabis Holdings. Jim McMahon is the spokesman for the Cannabis Sports Policy Project. The Cannabis Sports Policy Project will operate separate from North American Cannabis Holdings to raise awareness for the benefits of medical marijuana over pharmaceutical pain killers in the management of pain from injuries incurred by athletes in addition to raising awareness for the potential of medical marijuana to mitigate the long-term damage that can result from repetitive head trauma. The Cannabis Sports Policy Project will also raise funds to advocate for pro cannabis policy changes within sport governing bodies.
About North American Cannabis Holdings, Inc.
North American Cannabis Holdings, Inc. (USMJ) is founded on the core belief that cannabis makes people's lives better. Cannabis can fight disease, improve wellness and do so in an environmentally sustainable manner. North American Cannabis Holdings is dedicated to finding the best possible applications for cannabis to serve consumers. For more information please visit http://www.growusmj.com.
Follow the company on Twitter: https://twitter.com/US_HEMP.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
CONTACT:
Steven Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
All is gonna take is 10q/k's with updates share structure and future plans to sell or reverse merge this into something else...
http://www.otcmarkets.com/stock/SOUL/news/Soul-and-Vibe-Releases--quot-Johnny-Tractor-and-Friends--Growing-Season-quot--Interactive-Storybook-for-iOS--Android--and-Kindle-Fire?id=129346
MINNEAPOLIS, April 14, 2016 /PRNewswire/ -- Soul and Vibe Interactive Inc. (OTC QB: SOUL), or the "Company," a publisher of games, music, and interactive books for digital devices, today released "Johnny Tractor and Friends: Growing Season," a spring-themed interactive storybook, published under Soul and Vibe Books.
Johnny Tractor and Friends: Growing Season (or Johnny Tractor: Growing Season) is a John Deere-branded digital storybook. It is available on Apple's App Store for iPhone, iPad, and iPod Touch, on Google Play for Android devices, and on Amazon for Kindle Fire devices.
On November 24, 2015, the Company announced that, starting in December 2015 and continuing through 2016, TOMY's line of John Deere-branded "Johnny Tractor and Friends" toys will feature, within the packaging, a two-sided poster. The Company's "Johnny Tractor and Friends" interactive storybooks is highlighted on one side and a selection of TOMY's "Johnny Tractor and Friends" toys is highlighted on the other.
Johnny Tractor and Friends: Growing Season is an endearing interactive storybook that teaches emerging readers about preparing land and planting crops. Johnny Tractor and Friends: Growing Season conveys the importance of teamwork and friendship. A fully narrated storybook, young readers can read along with the narrator, or independently. The independent reading mode is designed to instill reading confidence. Each page comes to life via your fingertips through a variety of interactive content and activities. Camera mode enables readers to create their own greeting cards for family and friends. Puzzle Time mode teaches readers about tractors, combines, and utility vehicles. Well suited for preschoolers and young readers, Johnny Tractor and Friends: Growing Season promotes early and emergent literacy, helps increase reading comprehension, and introduces the concept of cause and effect relationships.
More information and the official Johnny Tractor and Friends: Growing Season trailer appears on the Soul and Vibe Books and Johnny Tractor and Friends: Growing Season Facebook pages.
Appointment:
http://m.marketwired.com/press-release/vgtel-inc-announces-appointment-of-cfo-otcqb-vgtl-1837770.htm
First filing:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9603016
LinkedIn:
https://www.linkedin.com/in/neil-fogel-4159599
Office info:
http://www.manta.com/c/mmn6vrj/neil-fogel
TO OUR STOCKHOLDERS: NOTICE IS HEREBY GIVEN that the 2016 Annual Meeting of Stockholders (the “Annual Meeting”) of Ascent Solar Technologies, Inc., a Delaware corporation, will be held on May [ ], 2016 , at 2:00 p.m. Mountain Time at the office of Faegre Baker Daniels LLP, 1470 Walnut Street, Suite 300, Boulder, Colorado 80302, for the following purposes, as more fully described in the Proxy Statement accompanying this notice: 1. ELECTION OF DIRECTORS. To elect two Class 2 directors to serve until the 2019 annual meeting of stockholders and their successors have been elected and qualified; 2. RATIFICATION OF AUDITORS. To ratify the Audit Committee’s appointment of Hein & Associates LLP as our independent registered public accounting firm for the year ending December 31, 2016. 3. NON-BINDING ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION. To approve a non-binding resolution on the Company's compensation of its executive officers. 4. AMENDMENT AND RESTATEMENT OF 2008 RESTRICTED STOCK PLAN . To approve an amendment and restatement of the Company’s 2008 Restricted Stock Plan; 5. AMENDMENT AND RESTATEMENT OF 2005 STOCK OPTION PLAN . To approve an amendment and restatement of the Company’s 2005 Stock Option Plan; 6. ANY OTHER BUSINESS that may properly come before the Annual Meeting or any adjournments or postponements thereof. Stockholders who owned shares of our common stock at the close of business on April [ ], 2016 are entitled to receive notice of, attend and vote at the Annual Meeting and any adjournment or postponement thereof. A complete list of these stockholders will be available at our corporate offices listed above during regular business hours for the ten days prior to the Annual Meeting. Your vote is important. Whether or not you plan to attend the Annual Meeting, please vote as soon as possible. If you received notice of how to access the proxy materials over the Internet, a proxy card was not sent to you, but you may vote by telephone or online. If you received a proxy card and other proxy materials by mail, you may vote by mailing a completed proxy card, by telephone or online. For specific voting instructions, please refer to the information provided in the following Proxy Statement, together with your proxy card or the voting instructions you receive by e-mail or that are provided via the Internet. The Board of Directors recommends stockholders vote FOR the Class 2 director nominees and FOR Proposals 2, 3, 4 and 5.
Dear Stockholder:
You are cordially invited to attend the 2016 Annual Meeting of Stockholders of Ascent Solar Technologies, Inc. to be held on May [ ], 2016 . The meeting will be held at the office of Faegre Baker Daniels LLP, 1470 Walnut Street, Suite 300, Boulder, Colorado 80302, beginning at 2:00 p.m. Mountain Time. At this year’s Annual Meeting, our stockholders will be asked (i) to elect two Class 2 directors, (ii) to ratify the selection of Hein & Associates LLP as our independent registered public accounting firm, (iii) to conduct an advisory vote on the compensation of our executive officers, (iv) to approve an amendment and restatement of our 2008 Restricted Stock Plan, and (v) to approve an amendment and restatement of our 2005 Stock Option Plan. Additional information about the Annual Meeting is given in the attached Notice of 2016 Annual Meeting of Stockholders and Proxy Statement.
In accordance with rules adopted by the Securities and Exchange Commission, we are pleased to again furnish these proxy materials to stockholders primarily over the Internet, rather than in paper form. We believe these rules allow us to provide our stockholders with expedited and convenient access to the information they need, while helping to conserve natural resources and lower the costs of printing and delivering proxy materials.
Whether or not you plan to attend the Annual Meeting, we hope you will vote as soon as possible. Voting your proxy will ensure your representation at the Annual Meeting. If you attend the Annual Meeting in person, you may vote your shares in person even though you have previously given your proxy.
MODS, can we please remove everything AA now?
Post any and all DD on Neil Fogel?
I'd have to guess more fraud.
As for why now? Have to assume the social media barrage the almighty AA has received from furious shareholders finally got her lawyers involved as it was impeding her 'flawless' bio... Lmao!!!
Shareholders were scammed 100% since day one and the CFO knew it and has known... Knew he was the key, only common denominator since 2011...
August 31, 2015? Hell that last 8k to shareholders was September 28, 2015!!! What kinda of trash is this?
MINNEAPOLIS, April 12, 2016 /PRNewswire/ -- Soul and Vibe Interactive Inc. (OTC QB: SOUL), or the "Company," a publisher of games, music, and interactive books for digital devices, today announced "Johnny Tractor and Friends: Growing Season," a spring-themed interactive storybook, which will be published under its Soul and Vibe Books label.
Johnny Tractor and Friends: Growing Season is a John Deere-branded digital storybook. It will be available in April 2016 on Apple's App Store for iPhone, iPad, and iPod Touch, on Google Play for Android devices, and on Amazon for Kindle Fire devices.
Johnny Tractor and Friends: Growing Season is an endearing spring-themed interactive storybook that teaches emerging readers about the process of preparing land and planting crops. As is the case with all Johnny Tractor and Friends stories, Johnny Tractor and Friends: Growing Season conveys the importance of teamwork and friendship. A fully narrated storybook, young readers can read along with the narrator, or independently. The independent reading mode is designed to instill reading confidence. Each page comes to life via your fingertips through a wide variety of interactive content and activities. A unique Camera mode enables readers to create their own greeting cards for family and friends. The robust Puzzle Time mode teaches readers about tractors, combines, and utility vehicles. Well suited for preschoolers and young readers, Johnny Tractor and Friends: Growing Season promotes early and emergent literacy, helps increase reading comprehension, and introduces the concept of cause and effect relationships.
For more information on Johnny Tractor and Friends: Growing Season, please watch the preview teaser. More information about the Company's products is also available on its YouTube Channel.
ROFLMFAO!!! Just a pump email I received, figured I'd share...
Dear Members,
I told you So!
I am here telling you again, get in MJTV right now, and get ready to ride the rollercoaster to substantial trading gains. the chart looks read to pop any day, its time to reenter ACNV today and watch it go vertical.
http://finance.yahoo.com/q?s=mjtv&fr=uh3_finance_web&uhb=uhb2
Go read about the company now, and make some extra money this April!! ** MJTV ** has acquired the exclusive patent rights to the science for the treatment of acne in North America. Breakouts are studies not guessed, I have pulled out all the stops, I believe the chart on this is ready to go supernova. Get ahead of the heard, don't wait in line for a stampede, and position yourself to be first. First in and first to take profits.
** MJTV ** Charging the charts like a Bull.
Buy Shares Book Profits our last pick ACNV exploded over 192% in just 5 days!!
** MJTV **Should be an even bigger Penny monster!!!
The company: MJTV is a a direct response marketing company. We identify and engage in the development and market of consumer products. We employ four primary channels: Direct Response Television (Infomercials), Television Shopping Networks, Internet and Retail Outlets. We have identified several candidate products for development with our first product launch expected in the first half of 2016. This first product launch will be for a revolutionary new approach to treating acne. ** MJTV ** has acquired the exclusive patent rights to the science for the treatment of acne in North America.
Disclaimer: We are engaged in the business of marketing and advertising companies. All content in this communication is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Never invest in any stock featured in the email alerts unless you can afford to lose your entire investment. Many of the stocks featured are highly volatile and speculative in nature. Compensation: We have been compensated seventy five hundred by a third party Lambert Private Equity for this publication regarding (MJTV). We do not own any shares of MJTV.
Possibly we interpreting this differently...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10913656
A/S 650mil O/S 281,031,482 on Aug 13
Increase a/s from 650mil to 10bil.
After convertibles O/S should be 484,869,871 of which you own 10%+
Maybe I'm confusing it all but the numbers just don't add up.
And yet the ask unchanged...
An updated share structure would be great along with the reports...
10bil shares to burn through... Ya got cojones I'll give ya that.
I wish you the best of luck!!!
LANSING, MI -- (Marketwired) -- 04/07/16 -- Andiamo Corporation (OTC PINK: ANDI), a Wyoming holding company, announced today that the "D" attached to the Company's ticker symbol has been removed. The "D" was a result of the Company's Corporate Action, which was approved by FINRA and became effective March 11th, 2016, enacting a 1 for 7,000 Reverse Split.
"The Corporate Action was a necessary step in Andiamo's expansion plans and allowed us to finalize the Joint Venture Agreement with Peppermint Jim," stated William White, CEO of Andiamo Corporation
Market Value1 $379,792 a/o Apr 06, 2016
Authorized Shares 10,000,000,000 a/o Mar 01, 2016
Outstanding Shares 1,898,960,168 a/o Mar 01, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 298,706,002 a/o Mar 03, 2016
Par Value Not Available
Ty. Same here, actually was hung up on mid-February, was hoping you had better luck.
Their list of clients and lawsuits against them aren't very impressive so I've learned not to expect much from them.
By chance do you or anyone for that matter know how long before we get the stop sign/skull crossbones?
Don't reckon they'll tell ya what the story is with the company?
Where the overdue reports are for 2015/2016?
Status of reports from 2011-2015 that are supposedly inaccurate?
Nice. 64mil bought, 18.5mil after hours
Gratz!!!
True. I believe they can too however there's a lot of bad they need to answer for and wipe the slate clean.
Capital Change=shs decreased by 1 for 125 split Pay date=02/09/2015.
Capital Change=shs decreased by 1 for 4000 split. Pay date=10/14/2015.
Then add sale of thermomedics, the only money making product they had, and the cancelling of acquiring/trading the brace shop with the prior CEO leaving all looks shady.
With a lot of bagholders and pissed investors it'll be one helluva uphill battle. File the reports, show the people what happened and why, then rebuild trust in company and show next steps otherwise it's all 'forward looking statements' and a broke shell.
Their last pr simply stated that they reduced debt by giving away shares for next to nothing along with the 8k before that. They have 10bil shares to possibly give away...
And that their about section still stated that they mainly operated out of thermomedics which is false because they already sold it.
Any of those reports would substantiate that fact along with update the share structure. Update their reports and website then maybe it'll draw some attention...
I would love to see life in it!!! I feel they were done wrong in the whole Ebola scandal as IBI* put out the PR's but looks like they took the blunt of it.
I sincerely hope so for you...
Until whomever is left files that 4th quarter 10q, annual 10k, and 1st quarter 10q (which will all be negative) I don't believe 'they' have a chance to move forward. Bad news does not get better with age...
Authorized Shares 10,000,000,000 a/o Nov 30, 2015
Outstanding Shares 10,492,904
o/s Nov 30, 2015
Beaufort Capital Partners LLC
112,409,545
$ 8,134
May Davis Partners Acquisition Company LLC
24,897,765
$ 1,556
Microcap Equity Group LLC
58,700,200
$ 4,325
Old Main Capital LLC
61,954,719
$ 6,000
Rainman Capital LLC
75,300,000
$ 5,437
Vis Vires Group
48,875,000
$ 3,910
Steve Carnes
17,300,000
$ 2,595
From January 12, 2016 to March 3, 2016the Company issued a total of 512,545,728 shares to all of the above listed groups in connection with the conversion of $39,426 of convertible debt held.
Plus they sold thermomedics so now it's an empty debt riddled shell.
Good read:
http://fortune.com/2016/03/30/fullscreen-video-streaming-service-for-teens-to-debut-in-april/
Innovativ also operates The Alien Channel on YouTube, in partnership with FullScreen, Inc., is developing the new web series Just Smart People, the customized movie title search destination VOD Movie Guide and is a principal in the Film Finance Exchange.
Fullscreen, Inc. is a global network of content creators and brands on YouTube owned by a joint venture of AT&T and The Chernin Group. It is an independent YouTube network based on unique viewers according to comScore Video Metrix.
Anyone know what office this refers to?:
Ms. Antonetti, age 48, will manage the companies as CEO from her office in New York City along with the Board of Directors.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10801966
As a public company CEO, I must remind you that we are prohibited from answering these questions individually; instead, I ask that you look exclusively to our official press releases and regulatory filings for updates, or contact our Investor Relations firm (details below) with questions regarding the specifics of your investment in VGTel.
Investor Relations Contact
Michael Briola, CEO
Motion Communications, Inc.
info@motionfc.com
And didn't someone post a response from this company claiming they never heard of the deal?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10928610
Fiduciary? She lost that the second that MyO* company let us know the president bailed three days or so after the last 8k.
We don't even know if she still involved running this broken shell virtually from her office or walked away too... Wouldn't be difficult for her to dismiss it completely.
I'm seriously hoping that she was just scammed as much as the rest simply because of her lack of communication and lack of mentioning this company anywhere... Nothing else makes sense to me as a CEO... SEC could gag you about prior operations and possibly finances not sure why it couldn't all start with a clean slate for the new year...
Thank you.'ll have to look into that. I'm mostly mobile so don't access or see probably half of what's available.
Thank you.
Lol yup I'm a penny pinchin prick.
Haven't decided if this is worth the $15 a month yet...
I'll dig through it tonight after all the homework in the house is done.
Any new opinions for this ticker?
Do they? Have you seen the deed?
Do you see any cleared land in that very general vicinity?
Have you seen a contract or building permits?
Notice if you click other companies assets it goes to a broken link?
Here try this:
http://www.strategicglobalinvestments.net/assets/SGI%20Slides_11-8-2010.pdf
Now show me them houses on google maps...
Exactly. Anyone know the address? Directions are pretty sketchy... Google maps can give you a generalization and we can imagine where it might go however after 5 years nothing's been completed?
There's another stock huge investigation millions stolen VGT*
Not halted either... Yet...
Fellner is not being held accountable for his real estate mishap he's being sued for his failure to properly file about the MJ operation and all the fake/false PR's put out... Read it.
Ok so let's trade notes... He's a criminal with a past. People deserve a second chance. Everyone jumped on the MJ boom. Instead of hard work and making a name for himself he reverted back to his old ways. There's nothing to have faith in. He got a second chance and blew it. Period.
They website claims: Punta Perfecta is a 10 acre development of 35 fractional ownership homes on the East Cape of Los Cabos, just 40 minutes from the International airport in San Jose del Cabo.
The investor relations claims: Building 30 small luxury resort homes, called Small Luxury Villas (“SLV”) on a fractional ownership basis.
The news claims: The Punta Perfecta project, consists of 17 one-half acre view lots located in an existing development that is located near one of the great surf spots in the world. Construction has successfully concluded on an 1800 sq ft house that will be used for employees and workers until it can be expanded at a later time, and a 5500 sq ft house that is now about 60% complete and should be ready for use in late 2016.
The original states:
Our intention is to continue the construction already in progress at Punta Perfecta and build out the full 30 to 35 home subdivision there.”
A 5-bedroom 4.5 bath model home of about 5,000 sq. ft. is about 70% completed and under active construction at the site. STBV plans to sell the homes at Punta Perfecta as Fractional Ownership units to maximize the return on investment.
Does this not look odd to you? As an investor I'd love to see pictures vice a diagram that's on the website.
I apologize, this large and devastating loss has taken its toll. I do hope that in some way shape or form you're able to recoup some losses... I sincerely wish you the best of luck.
There's a couple reasons this is a dead stock the last being obviously the most devastating...
THE ALLEGATIONS A. Defendants’ Misrepresentations and Omissions
1. False Statements in Strategic’s
Press Releases
14. On April 4, 2013, Strategic, which previously purported to be operating a video production business, issued a press release announcing its first foray into the marijuana business. Among other things, this release stated that “GrowLife, Inc., a provider of highly effective indoor growing technologies and unique lifestyle brands...has signed a Letter of Intent with [Strategic] to build a comprehensive, multichannel media network for the marijuana industry.”
15. Strategic made no further statements about its purported involvement in the marijuana industry until February 10, 2014, when Strategic issued a press release, which announced that the Company had “entered into meaningful negotiations for the purchase of a Marijuana Growing facility located in Teller County, Colorado.” Strategic further stated that it expected “to yield a harvest and generate revenue from the sale of [marijuana] plants by the 3rd Quarter of [2014]” and that it planned to have “the first new crop started in the first week of March.” Fellner is quoted in the press release stating that “the demand in this newly legalized industry is sure to bring in significant revenue going into the third and fourth quarter of 2014.”
16. On February 20, 2014, Strategic issued a press release announcing that it had “signed an agreement for the purchase of Bearpot, Inc., controlling entity of an existing Marijuana Growing facility located in Teller County, Colorado.” In that same press release, Strategic further claimed that it had “evaluated the industry and [expected] to be able to yield a harvest and generate revenues from the sale of plants by the 4th Quarter of this year.”
17. Fellner reiterated this projection in a February 24, 2014 letter to shareholders, which Strategic included in a press release. The release quotes Fellner as stating that Strategic now owned a “marijuana cultivation facility.” In that same press release, Fellner acknowledged the increase in trading activity of Strategic’s stock over the past weeks and attributed it to the marijuana cultivation facility.
18. Four days later in an “executive interview” published in a February 28, 2014 press release, Fellner explained that “the largest amount of growth that we will see in the next 3-6 months for [Strategic] surely will be in the growing and distributing of medical and recreational marijuana.”
19. On March 27, 2014, Strategic issued a press release listing Strategic’s accomplishments relating to the purported marijuana cultivation facility. This list included completion of all electrical and structural upgrades to the Bearpot facility.
20. These statements regarding Strategic’s purported foray into the marijuana business were false and misleading.
21. First, the Defendants falsely mischaracterized to investors its purchase of Bearpot’s assets as the acquisition of “an existing” marijuana cultivation facility in Teller County, Colorado. In fact, Bearpot had no such facility – the purported cultivation facility was a two-story house Bearpot rented in a residential area of Teller County.
22. Second, Defendants failed to disclose that the law did not permit Bearpot to have a facility in that location: (1) Teller County Ordinance #18, effective as of March 2013, prohibited the licensing and operation of, among other things, marijuana cultivation facilities, (2) under various Colorado state laws, commercial medical marijuana cultivation required a license, which Bearpot, Strategic, and their officers have never had, and (3) Teller County zoning regulations did not permit commercial marijuana grow houses in the residential area where Bearpot’s purported facility was located.
23. Third, the fact that neither Bearpot nor Strategic had or legally could have a functioning marijuana cultivation facility rendered baseless Strategic’s revenue and growth projections.
24. At the time of the press releases, Fellner was the CEO, secretary, treasurer, and sole director of Strategic. He had the ultimate authority over the press releases’ content and formulation. He also had authority over whether or not to issue the press releases.
25. In his position as CEO, secretary, treasurer, and sole director of Strategic, Fellner knew or should have known the legal and licensing requirements of the marijuana business in Colorado. Further, Fellner knew or should have known that Bearpot did not have a facility that was properly located, licensed, or equipped to legally cultivate marijuana.
26. Strategic raised operating capital via offerings pursuant to Regulation A of the Securities Act. Between March 2013 and September 2015, the Commission qualified five of Strategic’s Regulation A offerings.
27. Rule 253(e) of Regulation A, 17 C.F.R. § 230.253(e), required Strategic to revise its January 2014 Regulation A offering documents during the 12 months succeeding the date of qualification whenever the information in the corresponding Forms 1-A became false or misleading, material developments occurred, or there was a fundamental change to the information initially presented. A Form 1-A essentially acts as a registration statement used during an offering under Regulation A of the Securities Act. The Form 1-A informs investors about the offering company including what type of business it conducts and transacts.
28. Beginning in January 2014, Strategic offered its securities to investors and prospective investors via an offering under Regulation A, which ultimately raised $3.4 million, and concurrently disseminated false and misleading information about its business venture and use of investor proceeds in its corresponding Form 1- A during the offering.
29. The Commission qualified Strategic’s Regulation A offering on January 17, 2014. The corresponding Form 1-A, which Fellner signed in his capacity as CEO, described Strategic as being in the video business and contained no reference to the marijuana business.
30. The Form 1-A further stated that the proceeds from the offering would be used “primarily to increase the marketing efforts of the company and to install more equipment for its live [streaming] based business and for other general corporate purposes.”
31. Strategic sold approximately $2.1 million worth of stock pursuant to the exemption set forth in Regulation A in the first three months of 2014.
32. In February 2014, Strategic did not file an amendment to its Form 1-A. Such an amendment was required by Rule 253(e) because, while the offering was ongoing, the company used $50,000 of investor proceeds to acquire Bearpot. While Bearpot did not have the revenue, licensure, or other necessary requirements to actually legally grow commercial marijuana, its purchase still indicated a switch in Strategic’s business plan. Thus, the failure to file an amendment to the Form 1-A rendered its statements about Strategic’s business and its use of proceeds false and misleading.
33. In April 2014, Strategic decided to exit the marijuana business. However, Strategic never updated its Form 1-A to reflect its plan to exit the marijuana business. Strategic did subsequently file a Form 1-A and amendments for a new Regulation A offering in April 2014, in which it did disclose its entrance into and plan to exit the marijuana business, into which it had placed investor proceeds. However, this did not relieve Strategic of its obligation under Rule 253(e) to update the prior Form 1-A for a different offering. In short, the filing of a new Regulation A offering form did not correct the previously filed, false and misleading Form 1-A.
34. Investors depend on true, correct, and complete Form 1-A disclosures to understand how their funds are being used by companies. Reasonable investors would have wanted to have timely known that (a) funds they thought were being used for video production were being used in a marijuana business instead, and (b) Strategic decided to exit the marijuana business shortly after entering it.
35. Concurrent with its issuance of the press releases and its failure to amend the original Form 1-A, Strategic stock’s average daily trading volume increased significantly: from about 5.13 million shares between April 1, 2013 and February 7, 2014 to 849 million shares between February 10, 2014 and March 27, 2014.
36. Strategic’s closing share prices also increased: from $0.0032 on February 7, 2014 to $0.055 on February 10, 2014 (an increase of over 1,600%), when Strategic announced its entrance into the marijuana industry, with a trading volume that day of 470 million shares. Trading reached a peak volume of approximately 2.13 billion shares on March 24, 2014 before the price dropped to $0.0001 on April 16, 2014.
I agree 100%, however pumping an old deal isn't helping... It's like twisting a knife in old wounds...
There's no reason this shouldn't have been done and profitable by now.
Where's all the other assets this company has purchased? Where's all the money if he sold it? Why is the CEO/CFO borrowing his company money?
The quarterlies tell the story... This is nothing more than a tax write, ATM, and money laundering scheme...
Perfecta S.A. de C.V, a Mexican corporation (“Punta”) which owns the Punta Perfecta project in Baja, Mexico that had an appraised value of approximately $5,000,000. The company has valued the asset at $450,000 based on the value of the property at the time of acquisition. The Company has reviewed the value as of December 31, 2011 and has determined no impairment is necessary. The Company Punta financials consists of only the land acquired and two buildings located on the land. There is no other assets or liabilities associated with this acquisition. The financials for Punta are included in the presented financials statements for the Company.
As part of the Punta acquisition the Company owns approximately 10 acres of land in the Los Cabos area of Baja, Mexico and has a contract to purchase an additional approximately 48 acres of land in La Paz, Mexico. In early 2010, the Company developed a plan to develop this land using its real estate development subsidiary with the idea of building and marketing small luxury resort homes, called Small Luxury Villas (“SLV”), on a fractional (sometimes called time share or time interval) ownership basis. This division, Punta Perfecta S.A. de C.V., is a Mexican corporation, which owns the Los Cabos area land and has the contract to purchase the additional land. When that unit or units are completed, the Company will be obligated to pay the contractor for its cost of construction plus 15%, which amount is currently estimated to total approximately $520,000 to $575,000. No liability for the amount due to contractor has been accrued as it is not due until the project is finished.
True.
Where's all these assets? Where's all the money?
On September 1, 2010, the Company entered into an agreement and plan of merger to acquire 99% of the issued and outstanding equity shares of Punta Perfecta S.A. de C.V, a Mexican corporation which owns the Punta Perfecta project in Baja. As part of the reverse acquisition Punta Perfecta was renamed Strategic Global Investments, Inc.
On January 1, 2011, the Company purchased all of the issued and outstanding shares of Wazuu, Inc., a Florida corporation, in exchange for 800,000 shares of its common stock.
On February 21, 2011, the Company purchased certain assets of 3D Live, Inc., a Minnesota corporation, for 750,000 shares of its common stock.
On March 18, 2013, 5,000,000 shares were sold to Tuvozonline for substantially all of its assets, including computer equipment, office equipment, advertising material, client lists and Gateways to countries in Europe and Asia.
In February 2014, the Company purchased Bearpot, Inc., a Colorado corporation, which proposed to grow and sell marijuana in the state of Colorado for $50,000 in cash. The Company decided in 2014 to not further pursue this business.
The Company’s financial position and operating results raise substantial doubt about the Company’s ability to continue as a going concern, as reflected by the net loss of $4,284,452 accumulated through September 30, 2015.