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Not a big surprise. These Cao characters are something else. I am hopeful the new CEO of Hemcare continues to retire shares and build the business.
The 8k was well received. Shares up over 200%.
Appears the company is getting the shares back from Ultroid and the Cao's. Also seems to be some people holding out on the share return. I guess there will be some litigation. Dumb fight as not a broker on the planet would take shares from this deal that were linked in anyway to the Cao's and Ultroid. It is not worth the liability to them and the firm they work for. If the Company gets a court order to cancel the shares and the holder has already sold them, the broker would have to go into the open market to purchase them back, regardless of the price. Because if this liability no one will clear and sell them. What a waste of legal money and time. I guess the market also knows this hence the stock price jump.
HCRE 8K just filed!!!
Item 1.01 Entry into a Material Definitive Agreement
On January 31, 2017 HemCare Health Services Inc. (herein “The Company”) reached a settlement agreement to have 71,140,000 shares of its common stock returned for cancellation & rescission. The agreement also cancelled over $30,000 in The Company’s debt and interest related to an alleged Convertible Promissory Note signed by The Company's previous Chief Executive Officer. The forgiveness and cancellation of this note removes all convertible debt and protects the shareholders from increased dilution by now having removed all forms of convertible instruments currently outstanding. Under the terms of the Agreement The Company will stop its legal action and refrain from taking other such actions that may harm these shareholders and entities.
The settlement agreement was with 7 individuals and companies who were in possession of The Company’s common shares. These individuals and entities received these shares from the nominees of Ultroid Marketing Development Corp following its May 19, 2015 agreement to licensed perpetual rights to use Ultroid Marketing Development Corp’s products and the trade name “Ultroid System as described in The Company’s May 22, 2015 8K filed with the Securities & Exchange Commission.
The Company still believes there to be more than 28 million common shares outstanding that in management's opinion have been transferred and or acquired without proper consideration and under questionable circumstances relating to this transaction with Ultroid and its nominees. The Company has placed a “Stop Transfer” with its Transfer Agent and will continue to pursue all remedies for the legal order to cancel these shares and to recover costs and damages in doing so.
Also on January 31, 2017 The Company reached an agreement with its 9% Secured Promissory Note holder to retire $250,000 of outstanding principal & interest by way of the issuance of 12,500,000 common shares of the Company. As part of the agreement the note maturity date was extended to January 26, 2018 for the approximately $50,000 balance.
While management was successful in restructuring its debt and eliminating all convertible instruments there can be no assurance of its ability to meet future obligations or in its ability to obtain a court order and or costs and damages in recovering the shares discussed herein.
Must be a MM out there that reads this board. After my no selling comment last night, out of the blue 1.19m shares cleaned out a couple bids. Hear is the big surprise (sarcasm) CDEL and CSTI a couple of the most active OTC short manipulators then bid for... wait for it.... 1.19m 33% lower.
Must be a MM out there that reads this board. After my no selling comment last night, out of the blue 1.9m shares cleaned out a couple bids. Hear is the big surprise (sarcasm) CDEL and CSTI a couple of the most active OTC short manipulators then bid for... wait for it.... 1.9m 33% lower.
Can someone please wake me up if this trades. Looking at the silver lining, there can't be many sellers out there.
The Pump before the Thomas Collins Dump.
.24 to .0002 in 2 years. But oh yeah I am sure this will be great!
You also never know when more of Thomas Collins fraudulently issued stock will flood the market. I saw all this hype and hopeful talk when the stock was around .24 and a year later it was .0005 and lower.
This POS will not go up. Collins has sold so many millions of shares and gave them away to so many people this thing is polluted.
You do realize that communicating and coordinating trading is illegal? Not the first legal actions in this stock. Thomas Collins has been selling fraudulent shares and hence the drop from .24 to .0006 in a year.
Lost money in this scam? Report it to the S.E.C. Enforcement division tip centre... https://www.sec.gov/complaint.shtml
Back to a penny? Unlikely, not with Thomas Collins distributing fraudulent stock everywhere.
If you lost money during the year contact the SEC and file a complaint.
https://www.sec.gov/complaint.shtml
The massive drop from .24 started at the same time Thomas Collins started selling paper that was created fraudulently. Millions were sold in Florida an the Bahamas. Millions were given to promoters for free. Suddenly a drop from .24 to sub penny. Coincidence I am sure.
If you lost money during the year contact the SEC and file a complaint.
https://www.sec.gov/complaint.shtml
I agree. This is a real sleeper. Needs a wake up.
From .24 to 0.0006 in a year! Great stock. Great company and a wonderful investment. An you wonder why no one will touch this.
"Closed the deal"? You seriously believe this? Michael Cao and his brother are under investigation.
I hear James Cao who in his spare time pretends to be a real estate agent in Florida is about to go down for embezzlement. These guys are real class acts.
Michael Cao illegally distributed HCRE shares to a number of unsuspecting people. Unfortunately they are about to have to start spending money defending lawsuits. Or of they knowingly participated in his scheme they may also be facing other more serious problems.
I know this to be true as I know one of these victims. They are signing a settlement agreement and returning the shares to avoid these actions.
No idea what "shorty got burned then and about to be burned again!
" means.
Yes I told you guys about Tom Collins passing bad paper before the end of the year. It appeared he must have worked out a deal to stall the problem. But the problem rolls o. The wheels of Justice are not always fast but that cannot stop it.
GMNI DTC Global Lock?
BEWARE... Tom Collins a principal and promoter of GMNI was passing and depositing for sale unregistered GMNI shares that were not qualified to rely on SEC exemptions.
A VERY close source tells me the SEC is looking into this along with where they were deposited including but not limited to KingDom Trust, brokerage firms in the Bahamas and phone rooms in the US that were paid by Tom to buy his unregistered shares in the open market.
This type of thing almost always leads to a DTC Global Lock. Don't believe me, check with management.
According to the filings and management there are +/- 30m.
Damn, I knew I should have moved my bid up. :(
Yeah I see the move. I am not that surprised as this is so tight. Only 114m shares issued For the multiple false starts I have to at least give them credit for not issuing a boatload of shares along the way. They instead have been reducing the share count!
Up 42.86 today. Yet still only a $340,000 market cap. That is the price of a shell. LOL Safe to say plenty of upside potential!
Hope this turns out to be an early Christmas present. News long overdue but very much welcome!
That is positive to hear. It is when they never take your calls that we should get really worried. I think I will pick up some more shares if we start to see some more aggressive tax loss selling.
This board is as quiet as the stock.
I see a new site is up... w..GreatRockDev.com
Seems they are again focused on gold mining.
Just what I posted here. I think the Ultroid people are running for the hills.
Been quiet. Anything happening?
I am restless too! I now assume you meant 1st quarter 2017!
It has been so quiet that I am actually surprised they keep the OTC filing and financials current.
With only 114,000,000 issued and out it will take only a small amount of news to get some great gains here. There was 275,000,000 shares issued when I bought my shares. SO I will give them that positive at least.
Getting sick of watching and waiting. Been in this for a while. The only positive I can see is there were 275,000,000 shares issued and out and now there is only 114,000,000. Perhaps at this rate next year I will be the controlling interest. LOL
I sure hope my patience is rewarded here. I have been sitting on these shares along time.
BEWARE! Scam Alert!
Notice the MOU with Ultroid as announced in May 2016. Ultroid and its chairman James CAO already did a similar deal with Hemcare Health Services OTC: HCRE who's President at the time happen to be his brother James Cao. James Cao is actually a real estate agent in the Tampa bay area with absolutely no medical experience in the slightest.
A couple years later despite MOU's with doctors and climic's, the company has NO SALES and NO CLINICS!
But James Cao has had millions of shares transferred secretly to his wife. This was never disclosed. Don't believe me? Ask him. So has Michael Cao and James Cao. In fact Michael originally had 100 million shares issued to his nominees Jaswinder Singh and Tom Krutulis, and then distributed them as per Michael Knox and Michael Cao's directions. These shares were spread out amongst many people Cao and Knox already swindled on this deal. These people are primarily in the USA and in Hong Kong. Perhaps this is why he has made so many trips to HK in the past couple years!
Even with all this prepping for insider dumping, James CAO did not meet the legal requirements of issuing 8K's about Default and demand notices, 10 Q's or even notice of late filings.
That deal stinks and I am sure this one will too!
BUYER Beware!!!
BEWARE OF MICHAEL CAO He has been pumping and touting Ultroid for 10 years, claiming how great his technology is yet all he does is swindle money out of unsuspecting investors. DO YOUR research on him and his brother James Cao before investing in any of his schemes. Typically he creates divisions of Ultroid that actually own nothing and then sells shares of the companies to people. Yet none of the companies create sales or returns. Of course the money raised is spent on them selves and the global travelling they are always unto. There will be no money or assets in the company is you try going after them. Ask investors and former executives of Ultroid Technology and Vascular Technologies
Be very careful with these slippery brothers..
Michael Khoa Cao age 55 (MC@ultroid.com)
Ultriod is a fraud. The FDA has charged Michael Knox and I assume Michael Cao by now.
I hear the feds are looking into money laundering arrangements whereby these people took payment to hide the true identity of the beneficial owners:
Karen Knox
Jaswinder Singh
Tom Krutulis
And both the wives of Michael and James Cao.
It appears there were securities violations, income not declared to the IRS and even ackks of embezzlement. My sources have never let me down before. So this is highly credible.
Should be entertaining to watch unfold.
The puppet masters behind this are Michael Knox and Michael Cao. James Cao the brother is just the gullible puppet.
PM me if you need contact info for each. But do so quick as criminal charges are rolling out is what I am hearing.
Ultroid is nothing but a virtual company operated out of JASWINDER SINGH 's home. Obviously this breaks the chain of control / custody of sterile products. From what I understand Singh a former handy-man construction person turned Ultroid customer service representative was quickly promoted to Vice President to enable Michael Cao to keep his name oft the Recall press release. I don't think this will protect Mr. Cao as he signed agreements and letters and he his been running the show of Ultroid and even Hemcare as we now know. Incidentally Mr. Singh also was Cao's nominee shareholder. Seems like Cao is a professional when it comes to using fall guys. Even his own family!
Of course with the criminal investigation and Micheal Knox being charged, Knox had to step down as President.
Wonder when Cao(s) will go down next?
Ultroid is nothing but a virtual company operated out of JASWINDER SINGH 's home. Obviously this breaks the chain of control / custody of sterile products. From what I understand Singh a former handy-man construction person turned Ultroid customer service representative was quickly promoted to Vice President to enable Michael Cao to keep his name oft the Recall press release. I don't think this will protect Mr. Cao as he signed agreements and letters and he his been running the show of Ultroid and even Hemcare as we now know. Incidentally Mr. Singh also was Cao's nominee shareholder. Seems like Cao is a professional when it comes to using fall guys. Even his own family!
Of course with the criminal investigation and Micheal Knox being charged, Knox had to step down as President.
Wonder when Cao(s) will go down next?
Michael Knoxx hides his shares under his wife's name. Karen Knox.
Michael and James Cao hides shares under HIEU Cao and Peter Cao.
FDA Investigation and Criminal Charges laid....
Michael Knox charged and Michael Cao is under investigation and about to, or perhaps already has been charged.
I told you this was corrupt!
http://www.prweb.com/releases/2016/09/prweb13713481.htm
FDA Investigation and Criminal Charges laid....
Michael Knox charged and Michael Cao is under investigation and about to, or perhaps already has been charged.
I told you this was corrupt!
http://www.prweb.com/releases/2016/09/prweb13713481.htm
FDA Investigation and Criminal Charges laid....
Michael Knox charged and Michael Cao is under investigation and about to, or perhaps already has been charged.
I told you this was corrupt!
http://www.prweb.com/releases/2016/09/prweb13713481.htm
Details of GMNI fraud...
I can definitely say that many of these millions of shares were made free trading based on deception and misrepresentations. This would make the SEC exemptions invalid and the selling of these shares violations and potentially criminal.
One of his scams was pretending he was converting debt to equity to free up shares. Yet the debt he was referring to was not on the financials or filings in the periods he stated they were from. Only years later he republished some very old financials saying the debt was there. Total scam and so obviously a cover up to hep him clear the shares.
This is just one of his many tricks.
Ton Collins is actually an affiliate and should bot be able to keep selling these shares in private transactions and through his account in the Bahamas.
Expect an SEC investigation and stock halting.
$GMNI
BEWARE OF GMNI dumb and its promoter and behind the scenes puppet master Thomas Collins.
Tom Collins is creating and passing unregistered shares to private sellers and in brokerage firms in the Bahamas. The shares were illegally created, do not qualify for SEC exemptions and therefore sellers including Tom Collins are open to SEC Section 5 violations. These can be either or both civil and criminal acts.
Expect an investigation to start soon as I am blowing the whistle on this scam. He has defrauded investors out of tens of thousands of dollars in private transactions. God knows how much he has been dumping through his offshore account in the Bahamas. Its safe to say a tremendous amount based on the chart and the stocks free fall.