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At the request of a shareholder, I performed a public records search of persons affiliated with EVRM. I didn't find any smoking guns, but the information I located may give you other places to look.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37897272
I also only checked the primary officer. I did not check into the three board members who are listed. Unless someone specically wants me to do so, I don't plan on following up or digging further.
My biggest concern is the so-called convertible note. It looks like this is how they're printing shares. If it's a nominee note, then that's a bad red flag. I would definitely be interested in knowing more about the note if I was a shareholder specifically evidence that real money was loaned to the company, the terms of the note, and who gets the shares. For instance, on the balance sheets, they showed 30,000,000 shares issued in January, and classified them at par value. At .004, that's about $120,000 in stock that the noteholder received, yet the checking account balance is less than $3,000.00. The question is why.
As I'm not a shareholder, it's up to you guys to determine if that's important or not. If I was a shareholder, it'd be darn important to me.
Good luck, hope it's all real and you make big money.
Per your request, I conducted simple public records database searches of the executive officers of WVRM. Because the company's officers all appear affiliated (John T. Mallen signing off as a person who participated on all filings since inception, Jonathan Sym, and Bruce Schoengood.
1. The company's own filings indicate two warning signs. First, there is a convertible note that they are issuing free trading shares on. Second, they claim that they have less than $3,000 in cash. If this is true, and there is a real convertible note, where did that money go? Also, the filings with Pink Sheets are absolutely the most vague documents I ever read. They don't address who is receiving the shares that are being dumped onto the market.
2. John T. Mallen is a popular name. I can't guarantee that I'd pull the right one. I don't want to exhaust a lot on a wild goose chase. If you have an address or a date of birth, I can help further. I note that the address used on the annual report he certified for the company is not associated with him. It's a business address. Officer or prior officer Bruce J. Schoengood did use the address that Mallen listed, but I found not evidence of Mallen using it.
3. Bruce J. Schoengood, 50, has only one judgment for a little over $5,000.00 from 2004. It was issued in connection with his Rainbow Design business. He appears to be from New Jersey.
6. Jonathan Sym, 43, does not have any known judgments or liens against him. He's apparently from Massachusetts and owns property there including a condo assessed at about $350k. It's unclear whether he moved to New York or not. Perhaps an email would be appropriate asking him.
7. What's interesting about Schoengood and Sym is that they are affiliated with many companies. I don't have time to research them all, but I am going to list them.
SYM SCHOENGOOD
-------------------------------------------------------
Childrens Media Foundation MA Dynamic Media Inc. FL
Medical Network Associates LLC LA Blackout Comics NJ 5 yrs
Niphix Investments Inc. MA Americas Global Found. DC
Equitas Capital Ltd MA 99-08 Rainbow Design NJ
Morgan Lockwood & Sym Ltd MA 7 yrs King Media Inc. NJ 2004
MLS Niphix Ltd. 7 years MA Custom Fiberglass Pools
Sym & Company MA 9 years MA GCR Publishing Group
Intraweb Technologies Inc. MA 9 yr America Foundation DC
Evermedia Biometrics MA Since 2006
Schimatic Technologies Inc. 2001
Concord Financial Stock 2000
Millenium Group Holdings, Inc.
Sym Investment Group
Securesoft Systems
I would start with the companies and look into the background. See if there are any problems and let me know.
Blackout Comics sounds familiar, make sure you check that out.
If you find any leads, I'll be happy to dig deeper.
I doubt that Adam Marek or Beacon ever used 613 Cross Street as their address since BCND's stuff started after 613 ceased operations as a commercial office provider.
However, if you're referring to 14390 Route 30, let me reiterate what it is. It is an office provider. I am informed there are hundreds of companies there that use the address on official filings.
Now, from reading the posts on BCND, someone said BCND had a REAL office there, not just a virtual office. I don't know.
But you definitely didn't do your DD in that regard. Try routethirty.com or even try the PASOS and see 14390 is an official registered office address. What you're investigating for a tie in is a virtual office, so you're going to find many people and companies tied in. They might not be a real link.
The warning signs will be information about the control persons' past that makes you say hmmmmm.... There seem to be two kinds of people that end up in these shells, and that's people with no money (how did they get it) or those who don't pay their bills. It's kind of weird. I'm guessing the guys with no bucks are usually nominees. For whatever reason, people seem to think it's great to give money to people who they don't know the backgrounds of.
Similarly, I am shocked by the stock fraud guys who get caught in FBI sting operations. Why would you bribe a broker if you didn't check him out to see what kind of broker he is. Probably didn't even check NASD to see if he was a broker.
So these things work both ways. Always here to help.
Foradodge was such a bad decision, worse was UPS.net. I think I still own foradodge.us.
Sorry Woogster, I only investigate 4 letter words, not 3 letter words. You can ask again if they add a Q or so.
I will investigate EVRM Sunday evening as I am going hiking with my friend Paul Taylor this weekend.
Thanks Herc for the out. Here.
1. Never used the name Adam Marek as an alias. Sure I've used others.
2. 613 Cross Street is my mommy's house. However, many companies have used the address as an address since persons affiliated with me operated corporate virtual offices there. If you're asking about Diversified Land, it's never been there. Don't know why Dun & Bradstreet mixed that up.
3. What's a felony? I was convicted, after a jury trial, of fraud related charges where the government claimed I grew arms and dialed a 900 number 43,500 times from a truck stop although nobody saw me. That was 1994. Only arrest, maybe after 14 years people would get over it.
4. DUI? Never convicted of such offenses, charged with it a couple times, beat the rap.
5. Have I given an address in Costa Rica? I don't recall giving such an address. Panama I have, since I spend a lot of time there. Fill me in on the precise address and I'll address the issue further.
6. Mail fraud, I think that's covered in number 3.
7. Only one Keith Maydak in the world to my knowledge.
8. AT&T, didn't God destroy them yet? If not, he ought to.
If you have a question for me, I'll be happy to answer. Feel free to be blunt.
Hello. Anybody out there? Rumor is there was a time people paid $.50 a share for this! Sucks to be them.
Now, what's the present authorized, issued, and outstanding.
Maybe we can find the Brazilian connection and cash in on our huge telecommunications company.
I have a tough time tracking the Canadian stock scamsters, but can do a little with phone numbers up there. Let me know, I'll dig into this Pharmacon.
Actually, the t/a was contacted today I believe and confirmed no new shares.
How's Netco today? appealing?
I guess that's the difference between me and you. I buy stocks and sell retail, and you somehow get shares on paper that you sell all day long. Certainly, your program is much better than mine, and more lucrative. But I don't have any share printing machines that let me sell all day long.
Any stocks you'd like me to investigate, I will be happy to. I just need the control people's names and cities.
Sometimes, Lucky, I say things facetiously. If there's a company you'd like me to investigate, I'd be happy to do that and add it to my board. As far as 141 Capital, I believe it was a good pick for the first stock.
Only a small portion of Pink Sheets players have a futures account, so not everyone understands that. How much capital is needed for this type of venture? As stated, the officer has been touting these systems since 1996. That's 12 years to make them work.
With about 9 market makers on the bid at .0001.
I'm always willing to address concerns, if they're not about this company, then go to my board to ask me!
I heard Paul Taylor was going to buy it.
What is the real story Milo?
If Diversified Land Management Group Inc. was owned by a single person, they wouldn't be a client www.transferonline.com.
I kind of wonder if you're there; if so, we can snuggle. You know, I own about 4 million shares of this nonsense, but I'm not selling just yet.
Looks like they got that tonight.
How could anyone have expected anything different from a stock where both Mr. Kidd and Mr. Taylor teamed up to work?
I will be compiling information about all of these Kidd/Freeman/Taylor entities. If anyone has anything to share, please do.
Futures are very volatile. It's not unusual to see large gains when trading them. While their use of options offsets some of the high risk, many times the options are illiquid and can't stop a margin call.
In this case, the company utilized an average of 27% of its equity. That's about $4000. So the returns are based on playing with $4000. That's not going to get you very many contracts.
In order to test a system, a significant deposit must be made, especially with the new higher margins that have been imposed by the exchanges.
But if you're so great at flipping futures contracts, best bet would be to take $150,000 and trade an account rather than spend $150,000 for a shell. I believe they think there's more money in selling stock than their trading system, hence we are here.
It's neither here nor there, these people have $13000 under management, it's all for pump.
They can't take investments unless they are registered as a Commodity Pool. They are only CTA's, or trading advisers, which doesn't require too many qualifications. You don't even need to register as a CTA unless you have more than 6 accounts.
In other words, you could appoint them as power of attorney on your futures trading account.
As to their software, as I said, Mr. Strickland has been marketing these systems since 1996. It looks like there's more money in selling stock than any trading system or software he could create.
Regardless, considering the fact that the guy doesn't pay his taxes, and the other one went bankrupt, these great systems can't be that dandy.
He can claim all he wants. He was on the bar in Texas. He is inactive.
It's one and the same.
Here's how I did my search. I obtained the registration information for the company from the NFA. They had his name listed as Errol Martin Stone. I did a nationwide search for him. I determined from that search that the one and only Errol Martin Stone was born in May 1942. I then did an exhaustive search for all Errol Martin's with that year of birth.
So it's one guy, I made sure I had the right guy. He filed bankruptcy two years ago in Texas.
ONCP 141 Capital Warning Signals
1. Company's office telephone number is a Magic Jack USB VOIP telephone.
2. Company officer Errol Martin Stone brags about his attorney background, but he is listed as inactive with the State of Texas Bar.
3. Errol Martin Stone filed bankruptcy in December 2005 and was discharged in 2006.
4. Paul Donald Strickland Junior had a tax lien filed against him in December 2005 for $26,829.00 owed to the IRS.
5. Paul Donald Strickland Jr. had/has a judgment from the State of Colorado for $4,211, apparently for unpaid taxes.
6. Paul Donald Strickland Jr. has a judgment, apparently for unpaid rent, against him for $7,611 from North Harbor Towers.
7. Company has only $13,000 under management, but claims the minimum amount is $100,000 for them to act as CTA. If their fee was 2% of the NAV, they would receive $260 per year compensation. It appears that the officers, or friends thereof, created their own account that they manage.
8. Paul Strickland has been marketing commodity systems since 1996 using the company Portfolio Analytics. Obviously, if they were that great, he'd have no need to get a Pink Sheets shell at this juncture and pump it.
What's untrue? That's he is an inactive attorney? I simply did a search on the Texas State Bar. They had him listed as inactive and did not even have a present address for him. Law was not his forte, since he was into business consulting, and that business filed bankruptcy in late 2005.
With only $13,000 under management, I guess they can't afford anything other than a Magic Jack. Goes with Mr. Strickland's 1997 Town and Country. I am trying to figure out if he lost his Jaguar or why the registration's expired. That's a fun ride while he goes drives from Texas to Chicago to manage the big money.
But whose money is under management when they claim the minimum is $100,000 but they only manage $13,000?
One of my favorite things about 141 Capital is the way they save shareholders money. The telephone is a Magic Jack! It's a port issued to YMax Communications Corp., Magic Jack!
Paul Donald Strickland Jr., the great inventor of these futures analytical programs, has actually been touting these programs since 1996 when he operated Portfolio Analytics.
Errol Martin Stone filed bankruptcy in 2005 and his debts were discharged in 2006. The proceeding was in the Western District of Texas. He did business as Errol Stone Business Consultants and discharged those business debts as well.
Errol Martin Stone is in Texas, not Illinois where the company purports to be. Mr. Stone claims he is an attorney. The reality is he was an attorney and is presently inactive.
This company claims it is a commodity trading advisor and, indeed, it's registered with the National Futures Association as one. The reality is that they require $100,000 to manage your account, but the amount under management is .02 million, or $20,000. So imagine the management fees on a lousy $20,000, at 2%, it's $400 a year.
Wow, this 141 Capital isn't so pretty. I will outline some of my findings in separate due diligence messages. I hope that you take note of the shaky business dealings of the executive officers here. Sure, they have an NFA registration, that's not hard to get. But they also have liens, bankruptcies, and other goodies. They don't seem to pay their bills.
Explode, as in being knocked to the greys?
At one time, I had high hopes for it as well. But the moral always is, don't put your eggs in one basket.