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Who's going to buy? Most investors are now viewing this as a POS and scared away.
Probably so, BUT, he could have made so much more dumping shares with a promotional by NOT announcing he anticipates the R/S. He just shot himself in the foot and scared investors away.
There's more than meets the eye here, or he's just senile.
My question is why would he do that?
QUESTION
Marchi’s no stranger to OCT:BB stocks.
A standard pump and dump would have done a major promotional and simultaneous dumping deluge. Then, we would have found out later it increase A/S by the billions.
Here, the first thing Marchi does is announce he’s anticipating a 1:300 reverse split knowing full well (unless he’s an idiot or mentally incompetent) that’s going to drive the PPS way down.
Is he just stupid; does he have an ulterior motive – what am I missing?
If it walks like a duck ...
QUESTION
Marchi’s no stranger to OCT:BB stocks.
A standard pump and dump would have done a major promotional and simultaneous dumping deluge. Then, we would have found out later it increase A/S by the billions.
Here, the first thing Marchi does is announce he’s anticipating a 1:300 reverse split knowing full well (unless he’s an idiot or mentally incompetent) that’s going to drive the PPS way down.
Is he just stupid; does he have an ulterior motive – what am I missing?
Yea, that's true. I've been working with lawyers for 10+ years, and find them much more ethical than corporate guys. I've seen more white collar crime in corporations than in any law practice. Morey 3%.
lol, I admire your blue booking. :)
(emphasis added) <-- like you had to, lol.
I will NEVER MORE buy into any of Morey's shells.
Nah, I think they're just frigging idiots who didn't anticipate a market reaction.
PM it to me.
Remember, Morey said "investors will be very happy."
I now realize he wasn't talking about us.
IMO Sack of Sh*t. Glad I'm not in any of his other shells.
Looks like Morey sold his shell AIMH to, what I believe, are scammers, and they just announced a 1:300 reverse split in a filing. Despite several filings, the new owners STILL have not updated shareholders as to the direction of the company with a PR. People dumping their shares.
May want to reconsider holding any of Morey’s shells: DBTX and STLB.
Looks like Morey sold his shell AIMH to, what I believe, are scammers, and they just announced a 1:300 reverse split in a filing. Despite several filings, the new owners STILL have not updated shareholders as to the direction of the company with a PR. People dumping their shares.
May want to reconsider holding any of Morey’s shells: DBTX and STLB.
Validates what I thought at the beginning, that Morey is a two-bit attorney sack of sh*t stringing people along. Ya'll might want to dump shares of his other shells while you still can: DBTX and STLB.
Lesson: Always go with your first instinct.
Validates what I thought from the beginning, that Morey is a two-bit attorney sack of sh*t stringing people along. Ya'll might want to dump shares of his other shells while you still can: DBTX, EVCL, and STLB.
SNMX
Check out what these greedy Bas Tards are up to.
I pray against them.
http://news.yahoo.com/truth-behind-oklahoma-outlawing-fetuses-food-232600064.html
Greedy Bas Tards.
I hope this company goes under and I pray against it.
http://news.yahoo.com/truth-behind-oklahoma-outlawing-fetuses-food-232600064.html
Wish I had the patent on that. They're going to make a fortune. Invention is presently assigned to Univ. of Manchester; they'll probably license it.
Patent Application Status: Dispatched from preexam; not yet docketed. In other words, it hasn't been examined for patentability yet.
Univ. of Manchester not the only one working on graphene technology.
Here's face page Univ. of Manchester's patent publication.
Well, better an experienced man than a young pup with a cell phone operating from Barbados.
There are 2 E.G. Marchi's, as evidenced by this link:
http://www.corporationwiki.com/California/Santa-Ana/e-g-marchi/40054259.aspx
I asked that same question in query on new website.
I believe the 82-year old man is his father.
Raw, you can do better than whining and subtle, lol.
323.782.8802 phone number is linked to Kenneth Eade at 6399 Wilshire Blvd., Suite 507, Los Angeles, CA
http://www.whitepages.com/business/reverse_phone?phone_number=323-782-8802
Is he supposed to be in France?
I haven't followed the fiasco.
Kenneth Eade - Hostile takeover attempt of one of his shells, TAMG?
Interesting, lol. By the way, I've been told when someone tried to address an email to the email address provided at the end of this article, it bounced, so I sent a test email to verify, and that bounced too. Joseph Arcaro does R/Ms.
Fraudulent Action Against Transnational Automotive Group taken by Joseph Arcaro, Jan. 19, 2012
http://www.newswire.net/newsroom/permalink/69431.html
LOS ANGELES, California, January 19, 2012 /Newswire – Transnational Automotive Group, Inc. (OTC: TAMGD) http://transnationalautomotive.com announced today that its board of directors has conducted an investigation into the attempted takeover of the company by Joseph Arcaro, which has revealed that Mr. Arcaro has fraudulently and without notice attempted to exercise corporate action on behalf of the company which action was not authorized by the board of directors.
The results of the investigation show that Joseph Arcaro has filed a custodianship action against the company in Clark County Nevada, Case No. A-11-641072-P and has had a petition granted appointing himself custodian without giving notice to the company. Mr. Arcaro has filed an officers list with the Nevada Secretary of State showing himself as the sole officer and director, and has taken action to reverse split the common stock of the company. None of these actions were taken with the authority of the company’s active board of directors, consisting of Henry Huber and Dr. Philip Dutoit.
The company is proceeding with a motion to set aside the appointment of Mr. Arcaro, and has contacted Joseph Wassgren of Fox Rothschild, LLP, Mr. Arcaro’s attorney of record, whose address Arcaro is using as the company’s address. The company has corrected its information with the Secretary of State and is updating its company information on the OTC Markets, Inc. web site. The board urges anyone who has any information regarding Mr. Arcaro’s actions to contact company counsel, Kenneth Eade, at 323-782-8802 or by email at: keneade@gmail.com.
Transnational Automotive Group, Inc.
Henry Huber, President and Director
henry@transnationalautomotive.com
_________________________________________________
Joseph Arcaro still listed as officer in charge.
http://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=faZ9i2q%252fnCfOTSo7tSKf0A%253d%253d
Thanks, Joby.
Wonderful.
Here's a number I found for E.G. Marchi - 714.373.1930. Somebody want to give the guy a call and see what's going on?
Hostile takeover attempt?
This is getting interesting, lol.
Fraudulent Action Against Transnational Automotive Group taken by Joseph Arcaro, Jan. 19, 2012
http://www.newswire.net/newsroom/permalink/69431.html
LOS ANGELES, California, January 19, 2012 /Newswire – Transnational Automotive Group, Inc. (OTC: TAMGD) http://transnationalautomotive.com announced today that its board of directors has conducted an investigation into the attempted takeover of the company by Joseph Arcaro, which has revealed that Mr. Arcaro has fraudulently and without notice attempted to exercise corporate action on behalf of the company which action was not authorized by the board of directors.
The results of the investigation show that Joseph Arcaro has filed a custodianship action against the company in Clark County Nevada, Case No. A-11-641072-P and has had a petition granted appointing himself custodian without giving notice to the company. Mr. Arcaro has filed an officers list with the Nevada Secretary of State showing himself as the sole officer and director, and has taken action to reverse split the common stock of the company. None of these actions were taken with the authority of the company’s active board of directors, consisting of Henry Huber and Dr. Philip Dutoit.
The company is proceeding with a motion to set aside the appointment of Mr. Arcaro, and has contacted Joseph Wassgren of Fox Rothschild, LLP, Mr. Arcaro’s attorney of record, whose address Arcaro is using as the company’s address. The company has corrected its information with the Secretary of State and is updating its company information on the OTC Markets, Inc. web site. The board urges anyone who has any information regarding Mr. Arcaro’s actions to contact company counsel, Kenneth Eade, at 323-782-8802 or by email at: keneade@gmail.com.
Transnational Automotive Group, Inc.
Henry Huber, President and Director
henry@transnationalautomotive.com
lol, are you mocking me?
Prognostications?
If I didn't know you better, I'd think you sit beside a dictionary 24x7 and look these words up, lol.
"Ahem" lol
Change of ownership definitely newsworthy event.
Morey is out having sold the company, and no longer authorized to comment unless new owner has retained him for corporate legal services.
Next PR will be from new owner(s).
It's a newsworthy event. The new owners should PR what's going on.
I asked TD Ameritrade if they are restricting most pinks and was told they aren't. Just that their Risk Mgmt Dept decided to do this one. If becomes chronic, I'm switching.
We know something else is in the works, but not disclosing it in the form of a PR within a week is drawing criticism to the stock before we even know what it is.
The longer they wait to PR, the more irritated people are going to become, the more bashing on this board, the further south the PPS goes - loosing support. Someone should email Morey and get this rolling.
I tried to place a buy order and TD Ameritrade told me Depository Trust Company placed restriction on it so only permitting liquidating orders.
What's up with that???