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WHO'S SELLING ALL THOSE SHARES?
IPO was for only 5 Million Shares.
9.5 MILLION have already Traded in just 2 hours.
IPO Shares bought thru an Underwriter usually can't be Traded for 30 to 60 days. If you do, you'll never get another IPO.
Didn't EVERYONE SELL @ $2.45?? 6 MONTHS AGO!
Some of the Old Old ALFie News. Once Toxic Always Toxic.
SAME PLAYA DIFFERENT GAME.
SCAM EXPU CEO- Alfred Culbreth - Tec9Com - M5Com ripoff fraud financial fraud Miami Beach Florida
Alfred Culbreth has been the President / Ceo of several companies. He has been sued twice for luring investors to invest in his businesses only to take the money and run.
Case # 03-5407-CACE
Location: Circuit Court 17th Judicial Circuit, Broward County, Florida
Plaintiff: Victor Velasco
Defendant: M5COM Inc and Alfred Culbreth
Result: Judgment in favor of the Plaintiff in the amount of $101,000 plus costs of $1,560.
Status: Judgment was Satisfied
Date: January 8, 2004
Attorney for Plaintiff: Gideon Schwartz (FL Bar # 0165719)
Contact Info for Attorney: 80 SW 8 Street, Suite 2803, Miami, FL 33130 / Tel (305) 536-6177 / Fax (305) 536-6179
Case # 03-04896 CA (03)
Location: Circuit Court, 11th Judicial Circuit, Miami-Dade County, Florida
Plaintiffs: Alfredo Camacho and Jose Baptista
Defendant: TEC9COM Inc and Alfred T. Culbreth
Result: Ongoing Lawsuit
Reason for Lawsuit: Breach of Contract. Two Venezuelan investors gave Alfred Culbreth $350,000 in total and he did not honor their contract and took the money and ran with it.
The modus operandi of Alfred Culbreth is to open a business, lure investors, steal the funds, then declare bankruptcy / close the business and open a new business in the same location (same office or a different office in the same building).
He currently has opened 2 businesses in the same office where he previously had M5COM called White Light Communications LLC and Miami Telegraph & Telephone Inc.
No one should invest any money in these two businesses if they don't want to lose their investment.
Anonymous
Miami, Florida
U.S.A.
This report was posted on Ripoff Report on 03/24/2005 09:53 AM and is a permanent record located here: http://www.ripoffreport.com/r/Alfred-Culbreth-Tec9Com-M5Com/Miami-Beach-Florida-33140/Alfred-Culbreth-Tec9Com-M5Com-ripoff-fraud-financial-fraud-Miami-Beach-Florida-136251. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Maybe MY Post from 3 1/2 Years AGO will Help?
ANY DD would have shown Anyone, JB NEVER EVEN PAID for CXAC's Company Registration Statement.
BikerBob Wednesday, 08/10/11 10:55:40 AM
Re: gmjones99 post# 52097
Post # of 53159
I would think any productive Legal Advise would be based on current facts and conditions relating to the matters at hand.
But that's me. LOL
JB did state he was paying for Legal Advise concerning the DTCC issues. "We're working on it."
He also stated the Legal Advise was coming from the firms past experiences with other firms with the same type of problems.
Yes, He just walked away. Probably ran away.
But that's what CEO's do when the ATM is empty.
His attempt to get paid without using the ATM, the Wrap-Around Agreement did not work out so well.
After any Legal Advise had to show, atleast what is available on the DTCC website. ie: Complete Re-organiztion will be needed.
ie: 10K and 10Q will be needed to be filed.
ie: AUDITTED FINS will be needed.
ie: A BUSINESS PLAN will be needed.
He hasn't even paid for CXAC's Registration Statement yet.
STEP #1. Why No Payment? No Money.
But why pay to even Register if you know, through Legal Advise, that you'll never be able to trade it anyway?
If CXAC can't Trade, he can't sell more shares. Thus the ATM will remain empty.
Sorry for all the Stuckholders here.
JB HAS BEEN BARRED FROM OPERATING any PENNY STOCK COMPANY.
NO. CXAC was NEVER a REAL COMPANY.
Just a corrupt CEO Selling Worthless Shares, AND TRYING TO PAD HIS BACK POCKET with OPM.
Sorry you got caught.
Been stating the Same Thing for YEARS.
CXAC WILL NEVER TRADE AGAIN.
$20. will happen....with ALFie's NEXT RS.
ALFie hasn't done a RS this Year. YET.
And his RS worked Out so Well for ALL the INSIDERS last year.
That wasn't a Trade. That was just MM House Cleaning.
You can't even throw more money in the trash, Average Down NEVER Works in Pennyland.
THERE IS NOTHING HERE. NEVER WAS.
Even IF the old shell is EVER used?
There will be a RS to rid themselves of the Past Toxic Holders.
Better put the Air Tank back On.
Short Squeeze in Pennyland? RRRRRight.
Sounds just like another UNDERWATER Dreamer.
Dreaming SO far Out Of The Money.
$3.00talk on a $.20 PPS Stock?
WHY is it ALWAYS the SAME?
PPS $1.25 DOWN to $.20 in 2 MONTHS?
What VISION.
What Performance. NOT.
What else can be said.
NO SALES.
NO PLAN.
AND ALFie is the one propping it UP to $.20
Or so HE SAYS. LOL
Sooo He hasn't done anything BUT SELL SHARES, and give them away.
TOXIC FINANCING at it's BEST.
[b]Last Year .002 then 1000to 1 RS = THIS YEAR $.0002
Buying "Cheapies" Now THAT is FUNNY![
Most Quoted Action Plan for the Underwater Pinkie Bag Holder. LOL
PPS $.35 DOWN to $.17 IN A MONTH!!!!!!!!
OR PPS $.00035 to $.00017 Pre RS.
LESS THAN ONE YEAR AGO.
TIME FOR ANOTHER 1000 TO 1 RS. LOL
How did that fake $2.00 PPS work out for Longs?
ONLY 1000% LOSS LAST YEAR.
ALFie Must be BUYING AGAIN.
LOL
The SEC only DID THEIR JOB. Thank You SEC.
The SEC doesn't need to prove anything to you.
Poor Investment choices did that. $45,000.00 Loss Really?
We only MADE MONEY on this steaming pile.
You've got to Play the Pile, to make any money and RUN AWAY.
The COMPANY MANAGEMENT KILLED PHOT.
nothing more nothing less.
Florida had over $4,000,000. of personal money spent on Negative TV ADS. And Senior Citizens are a product of What they see, Over and Over and Over and Over AGAIN.
Worst Non-Information ADS EVER.
Showing THC Gummy Bears given to kids at school.
The major owner of the Las Vegas SANDS, PAID THE MONEY.
Out of HIS OWN Pocket.
What's Sheldon willing to PAY to keep it out of Las Vegas???
Township of White, in NJ.??? REALLY?
No One cares about ONE TOWNSHIP in NJ.
C.A.L.M..... REALLY?
There are Whole City in legal land CO. that keep it out.
And it does NOT MAKE ANY DIFFERENCE.
NO DIFFERENCE to the STATE.
NO DIFFERENCE to the PEOPLE.
NO DIFFERENCE to the BUSINESSES.
Our divvies are NMGL PREFERRED SHARES !!!!
PROVE IT.
Please show???????????
Which Shell is the PEA UNDER Today? LOL
DELISTED DIVI???
NEVER IN THE HISTORY OF THE WORLD HAS ANY DELISTED COMPANY EVER PAID A DIVI.
NOT NOW. AND NOT IN ANY REAL WORLD.
BUT...I'm sure You will Get Yours and With Interest. LOL
How many YEARS of Interest is unclear.
PPS $0.85 TO $0.16 in a MONTH??????????
WHAT VISION. NOT.
To da Moon. To da Moon.
OR UP YOUR MOON? Which will it be?????
RICO how about the good old "Letter of Intent" PR.
Worked in the Past and You haven't done one of those in years.
Every experienced investor knows this
And they also know UNAUDITED FINS MEAN NOTHING.
AND CAN STATE ANYTHING.
So Rico can't even dream up past numbers and File ONTIME. LOL
ASHER OWNS CONVERTABLE NOTES.
The ASHER CONVERTABLE NOTES were never apart of the RM.
ASHER SELLS all Shares Converted.
Please show any link to the ASHER CONVERTABLE NOTES SETTLEMENT.
RICO'S newest TOXIC PARTNER, ASHER ENTERPRISES, INC.
OWNING > 5% of PLKD.
Just DOUBLED THEIR MONEY.
On ALL that New Info. and PR's.
Looks about Right.
What else can you do with a SEC DIRTY SHELL?
New Company Address is a Mail Box in a UPS Store in Albany NY. Good Start.
After a RS to rid the Shell of old meat, know as RESTRUCTING. LOL
The 1st Time, IT LOOKED MUCH BETTER THAN TODAY.
Underwater Believers Averaging DOWN?
discovery
n. the entire efforts of a party to a lawsuit and his/her/its attorneys to obtain information before trial through demands for production of documents, depositions of parties and potential witnesses, written interrogatories (questions and answers written under oath), written requests for admissions of fact, examination of the scene and the petitions and motions employed to enforce discovery rights. The theory of broad rights of discovery is that all parties will go to trial with as much knowledge as possible and that neither party should be able to keep secrets from the other (except for constitutional protection against self-incrimination). Often much of the fight between the two sides in a suit takes place during the discovery period.
See also: deposition interrogatories
Disclosure refers to Full Disclosure:
n. the need in business transactions to tell the "whole truth" about any matter which the other party should know in deciding to buy or contract. In real estate sales in many states there is a full disclosure form which must be filled out and signed under penalty of perjury for knowingly falsifying or concealing any significant fact.
See also: caveat emptor
No Not Him.
MRS.STERLING SCOTT. LOL
IMO
Sure. Everyone will have access to it very soon.
The Lawyers call it DISCOVERY. And is a basis for the current Legal PROBLEMS.
You know that $2,000,000. ALFie OWES JC in Preferred Conversions.
It will be made Public Info. too, so even Rookies can find it.
GLTA SOMEWHERE REAL
LOL ALFie's PPS WAS TANKING.
THUS THE 1000 TO 1 RS.
Can ya remember that far back?
ALWAYS SOMEONE ELSE'S FAULT, NOT THE CEO OF THE YEAR.[/
PPS NOW $0.17 FACT.
PRE RS = $0.00017
NOW that is FUNNY.
He just cashed his Paycheck, that was due to him.
ALFie cuts off the conversions, and he's the problem? lol
ALFie MADE THE DEAL.
ALFie HAS BEEN PAYING for Any and ALL SERVICES with DISCOUNTED SHARES since the beginning.
ALFie has been lining the pockets of family and friends with FREE SHARES. What does he think would happen.
Oh that's right....He didn't think.
ALFie COULDN'T live WITH THE deal, ALFie MADE.
THUS THE LAW SUIT.
ANYONE who loans or finances a StartUp MICRO CAP with NO BUSINESS PLAN, DESERVES ALL THE MARGIN THEY CAN MUSTER. IMO
JC PROBABLY STILL OWNS THE ORIGINAL, ORIGINAL SHELL.
Time to Rinse and Repeat.
PPS $2.00 TO $0.20 IN 2 MONTHS?
WHAT VISION.....NOT.
GETTING CHEAPER all the time.LOL
GO get 'dem Cheapies.
Joe C. needs another PAYCHECK.
U R Asking WHY? a DTC FROZEN STOCK is hard to TRADE?
Take your Pick:
Cause it's a SCAM.
Cause HIPH is Based on TOXIC FINANCING and TOXIC PARTNERS.
Cause there are NO SALES and NO REVENUE.
Cause Outrageous 100s of MILLIONS in EXPENSES.
Cause NO BUSINESS PLAN.
Cause ALFie IS just PAYING for his Vacations.
Cause ALFie GAVE AWAY TOO MANY SHARES for FREE.
$0.15 REALLY. ALFie's MOM MUST BE SELLING TOO.
Yes, ALFie is a real TWIT.
Find your own definition.
Urban Dic: twit ?
A moron with absolutely no sense.
by Cheyenne January 03, 2005
TWIT ?
Train Wreck In Training
by badgrammir October 26, 2009
One Post A DAY = NO INTEREST. THE THRILL IS GONE.
SP $1.40 DOWN TO $.36 IN A MONTH.
SP $2.00 DOWN TO $.36 IN < 2 MONTHS.
AND ALFie was even buying to try and prop it up?
Didn't WORK SOO WELL with this FROZEN PIG.
WHEN WILL the CHILL END??????????????
ALFie'S BEEN "WORKING ON IT" for HOW LONG NOW?
1000/1 RS AND DTC CHILL.
Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle the trade.
LOL a $45.Trade just to PROP THIS PIG UP.
ALFie sure can SPEND OTHER PEOPLES MONEY.
This is NOT the first day a MM BUYS Inventory.
NO Boogieman.
The MM is just doing their JOB, keeping this Steaming Pile Trading.
A Buy @ a lower price = A Broker Doing their Job.
WHAT is SOO HARD to UNDERSTAND?
Joe C.'s Lawyer Brother DID the 1000/1 RS with ALFie.
NOT much the Family doesn't know about this one. LOL
Then Research ALL the OTHER REASONS TOO.
ALFie can/will never UPLIST.
How about any real FINS?
ANY Talking about UPLISTING is CRAZY.
ALFie is just hanging the Carrot in front of the Mule.
TO KEEP the SHARES SELLING into the Market.
ALFie HAS SOLD NOTHING BUT SHARES!
NO UP LISTING???? WHHHHAAAAATTTTTTT?????
NO UP LISTING BECAUSE......
THE DTC FREEZE.
1000/1 RS.
GAGED TA.
BILLIONS AND BILLIONS of AS.
NO SALES.
NO BUSINESS PLAN.
MILLIONS IN EXPENSES.
MILLIONS IN LOSES. YEAR OVER YEAR OVER YEAR.
MILLIONS IN CONVERTABLE NOTES.
NO INTEREST.
and THE CEO IS A TWIT.
BIGGEST THING ALFie HAS DONE was getting any BID and ASK;
SO HE CAN SEll SELL SELL SHARES.