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What's your goal? To get in on a pump or invest your money?
If it's the former you're in the right place...the signals are there that a pump is imminent...if you fall into the latter category go elsewhere....
jmo
I hope that's the case...it wouldn't be due to lack of effort on my part.
Been trackin' ol' norm since 2006/7....back before hat trick beverage days, even....
It's only a matter of time.
insider info..false and misleading press releases...misrepresentations regarding business prospects and revenue generation...
There's a whole laundry list of issues w/bmgp...the recent gains for those informed of coming events has indeed been extremely productive...spectacular even....
But that doesn't excuse the past. The chickens will come home to roost for past nefarious deeds and relationships in this pump and dump/pump and dilute scheme....and you're in the file along with stock fraud/securities felons convicted and unconvicted.
Those who made money honestly here have my congrats....those who used underhanded means have my pity...dishonest gains are nothing to brag about.
Interesting development.....
One can't help but wonder if IET-International Environmental Technology of Danville KY may be a source of existing engineering and material/process technology for a legitimate company 'on the cheap'...scorpex having paid the bill for said engineering and if I'm not mistaken claimed or implied that the gasification equipment was being fabricated via a $30MM funding....in fact if my memory serves scorpex ordered an additional $90MM worth of equipment prior to taking delivery of the first order....
Things that make me go 'hmmmm.....'
Perhaps j r munoz could provide some pertinent info?
Maybe norman j birmingham?
bmgp is a perfect example of pump dump junk....
They achieved a CRADA with a prominent federal government laboratory and STILL chose to play the paid stock promoter dilutive 'financing' angle...
They couldn't even play it straight with a home run in the bag...
It's a sad day seeing garbage such as bmgp gain hundreds of percent from near no bid and creeps and felons laughing while thumbing their nose at the law...
Clayton produced press releases in 2010 stating IOBS would be developed asap and went on to produce heavy dilution chasing chinese dung...he flat out lied when he stated the biofuels scam would be producing revenue in a matter of days/weeks....he lied when he stated development of IOBS was being passed to Lathrop Engineering and he lied when he said dilution would be minimized and hundreds of millions of shares dilution later he still hasn't produced a single thing but hype...
There will come a reckoning for his and others activities in this pump dump scheme called Biomagnetics Diagnostics...thieves and scamsters have it on an upturn now...but there will come a day....
Trading on inside info? Nothing public that I've found.
Yooohooo bunker-bustered its message board a few days back so the whisperers don't have that 'news outlet' and don't want to use this one for some reason....one spammer managed to get a post in so far over there today.
Maybe a few hardy (foolish?) souls who averaged down were able to bail with some skin left on their hineys...
It's possible the 'news' this time could be credible and genuine...but I doubt it with bmgp's dismal track record of creating value for the common shareholders....of the retail kind.
.0053 shares...stealth toxic financing?
30,650,000 of those little rascals.....$53,0000 cash...$109,900 'financing costs'.....
A skunk by any other name would smell as foul?
The Q2 report has a couple of mysteries. They sold 30,650,000 shares and yielded $53,000, or $0.0017 / share which looks about right. However they reported on the financials that the shares were sold at "Fair Market Value" of $162,900 for $53,000 cash and a $109,900 financing cost. Now why is that? Their "Fair Market Value" works out to $0.0053 / sh. Makes it look like some financial payout but they are less than clear about what is behind it. Also, their explanation of "Notes Payable" is a disconnect with the numbers on the balance sheet. Even more confusing when you look at the same notes in the 3/31/2012 financial statement.
"Increasing the Vulnerability of Investors"
Do sharks salivate?
White-collar criminals are already stealing billions of $$$ annually with shady/illegal 'investment' tactics...and Congress is looking to make it exponentially easier for them to do so while massively increasing the volume of potential profit(elderly baby-boomers retirement funds)?
Net worth from a lifetime of savings makes one 'savvy' enough to be considered an 'accredited investor'?
Blood in the water, imo.....
Another bright congressional idea...even worse than 'methanol' and 'green energy'............
A few paragraphs of the speech.....
"Increasing the Vulnerability of Investors
by
Commissioner Luis A. Aguilar
U.S. Securities and Exchange Commission
SEC Open Meeting
Washington, D.C.
August 29, 2012
Today the Commission considers a Congressional mandate to amend our private placement rules, allowing issuers to offer securities by means of general solicitation and general advertising, provided only that all purchasers are accredited investors.1
I cannot support today’s proposal, because it presents a framework that is not balanced and that fails to address the acknowledged increased vulnerability of investors.2 In fact, there is no consideration of any of the commenters’ proposals that would have decreased investor vulnerability.
Investors are the source of capital needed to create jobs and expand business. I value true capital formation and economic growth, which requires investors to have both confidence in the capital markets and access to the information needed to make good investment decisions.
Today, the Commission proposes amendments that would allow the widespread marketing of securities that, by their terms, are only intended for accredited investors. The proposal would permit solicitation and advertisements via billboards, TV, the Internet, radio, and telemarketer calls, among other avenues. Allowing such broad marketing activities under an exemption designed for “private” offerings is a significant change in the securities framework, and it would greatly increase the vulnerability of investors. Given that vulnerability, the Commission should use its expertise to effect the statutory mandate in a way that balances Congressional intent and the Commission’s core mission to protect investors."
http://sec.gov/news/speech/2012/spch082912laa.htm
OODHA-I've been looking for that! Thanks!
I wanted to post it also but I forgot where/what co I found it under....
Turns out it was right under my nose....
(BTW-great pics...)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79172403
GESI-similar process and financer...and similar forward advancement.
INREFCO-(I had forgotten about INREFCO and thanks to the poster who mentioned them)
denos cheney and thomas were at ALTO....
And ALTO has had a 'few problems' lately...
Such as...the former CEO was rumored to have been subpoenaed by the SEC...rumor also had it that he wasn't the only officer to receive summons...
Some on the ALTO ihub board have spoken of...and if I'm not mistaken provided validation...millions (3?) of dollars worth of stock being issued to denos and thomas for something like $90k in loans...
It appears there was an implosion of some kind over at ALTO.
I haven't looked lately but denos cheney and thomas were listed as officers/counsel of srpx...maybe director?...on srpx webpage.
norman j birmingham provided accounting via thomas's office when the srpx ceo gained control of steadfast holdings group shell.
All from memory...may not be accurate or may no longer be accurate...open to correction and discussion.
srpx financials have yet to be produced despite several months time passing by...apparently no financing either despite two or three sources being announced.
validated TB biomarker may 2010 (the first)
benchtop IOBS produced
equiti-trend advisors llc
INVESTORS
PRESS RELEASES
STOCK INFORMATION
REQUEST INFO
Press Release: Biomagnetics Diagnostics Corp.
Biomagnetics and Los Alamos National Laboratory Agreement Produce Validated Assay for Tuberculosis Biomarker – Company Prepares for Deliveries
SAN FRANCISCO-- April 20, 2011 (BUSINESS WIRE)--Biomagnetics Diagnostics Corp., (PINK SHEETS: BMGP - News)a developer of revolutionary diagnostic systems and related technology for detecting HIV, hepatitis, tuberculosis, cholera and malaria, and other innovative technologies, today announced it has now completed a series of payments to Los Alamos National Laboratory (LANL) pursuant to the cooperative research and development agreement (CRADA) executed in 2010 between the two organizations.
To date for the CRADA, LANL has constructed a new bench-top type waveguide based biosensor system, developed a validated assay for a Tuberculosis biomarker, evaluated multiple assays developed using the bench top system specifically built for Biomagnetics, and is working on re-optimizing the proximity based assay for the cholera toxin on the newly constructed system.
Clayton Hardman, CEO of Biomagnetics Diagnostics Corp. states, “With 100% of our financial commitment under the cooperative research and development agreement now behind us, we are preparing to begin accepting deliverables from LANL which will continue through the middle of this year. We are particularly excited about the tuberculosis related deliverables as we believe a validated tuberculosis diagnostics assay holds tremendous commercial potential. We look forward to further validating the TB biomarker assay in a clinical setting in the near future.”
About Biomagnetics Diagnostics Corp.
Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company’s revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies. More information on Biomagnetics Diagnostics Corp. can be seen at www.BiomagneticsBMGP.com.
Contacts:
Christian Hansen, (800)953-3350
Equiti-trend Advisors, LLC
MIKP disavows e-lionheart...
When we first accepted the transaction we were told by the ‘investors’ that they would hold the stock toward long-term growth and not hurt the company or its shareholders. That wasn’t the case. Within days, the stock was let loose into the market without caution.
http://blog.mtpprods.com/tag/e-lionheart/
IOBS delivery timetable march 02 2010
Has it been 180 days yet?
INVESTORS
PRESS RELEASES
STOCK INFORMATION
REQUEST INFO
Source Biomagnetics Diagnostics Corporation
Biomagnetics Announces Integrated Optical Biosensor Delivery Timetable Tuesday Mar 02, 10:03 AM ET
SAN FRANCISCO--(EON: Enhanced Online News)--Biomagnetics Diagnostics Corp., (PINK SHEETS:BMGP) a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis and malaria detection, today announced its accelerated timetable for delivery of the world's first handheld, integrated optical biosensor. Through joint development efforts with its world-class research laboratory and engineering partners, Biomagnetics Diagnostics now plans to deliver a fully functioning, handheld diagnostic device capable of tuberculosis and cholera detection during the summer of 2010.
Biomagnetics will be working directly with its research laboratory partner to develop an additional bench top prototype unit that will be used as a platform for test cartridge assay development. This bench top prototype should be completed within 90 days of signing of final development contract. Over the subsequent 90 days this prototype will be used at the research laboratory to develop the assays for both tuberculosis and cholera pathogen detection. Biomagnetics currently plans to have fully functioning tuberculosis and cholera pathogen detection capabilities available for commercial sale at the end of this 180-day period.
Over the coming weeks, Biomagnetics management and personnel from the research laboratory partner will be meeting with both the National Tuberculosis Institute and the National Malaria Research Institute units of the Health Ministry of India. The purpose of these meetings is to set up collaborations in development of the malaria specific testing assay and to organize clinical trials for both Tuberculosis and Malaria.
“We are very pleased to announce that we have made significant progress toward organizing our research, engineering and clinical trial partnerships in order to accelerate the timeframe for delivery of the world's first commercially available integrated optical biosensor,” commented Clayton Hardman, CEO of Biomagnetics Diagnostics, Corp. “We believe the availability of this type of diagnostic tool will be instrumental in significantly lowering the costs associated with malaria, tuberculosis, cholera, and HIV/AIDS detection. With this device, personnel with only minimal amounts of training will be able to screen patients in the field for a variety of diseases. Whereas currently available diagnostics technologies and techniques often take days or weeks to produce results, integrated optical biosensors used in the field will be able to deliver results of similar or superior quality in a matter of only minutes and at only a fraction of the current cost.”
Concurrent with the above developmental efforts, Biomagnetics will be working directly with its engineering partner to fully develop the handheld integrated optical biosensor units. This developmental effort is also expected to be completed within 180 days.
Mr. Hardman continued, “While the most important aspect of our developmental and commercialization effort is to save lives and alleviate some of the suffering that takes place among those afflicted with malaria, tuberculosis, HIV/AIDS, and cholera, we wish to meet these objectives while still offering our shareholders significant returns on their invested capital. We believe a fully functioning, simple to use, field deployable, integrated optical biosensor device capable of very rapid and low cost detection of these pathogens and diseases is worth a significant amount to our shareholders. Therefore, we strongly believe our shares are significantly undervalued relative to the strong advancements we have made over the past few months with our research laboratory partner and the very real prospect of delivery of such a revolutionary device over the next 180 day period.”
The Company recently announced it had finalized a “Patent License Agreement with Los Alamos National Security.” Under the agreement, Biomagnetics will have access to the Triggered Optical Biosensor and Integrated Optical Biosensor System (IBOS) technology developed at Los Alamos National Laboratory.
"Equity Financing Costs"...dew whut?
I humbly plead ignorance to the meaning of the following paragraph...can someone explain it in 'laymans' terms? TIA
Looks like xxxx used it's stock as an ATM from 2009-2011. I looked at the most recent activity, they took 20M shares and converted 13 out 15 debt holders to common stock. Gave them a pretty good deal. In the first quarter of 2012 they had no dillution. However in this 2Q12 we learn that they sold 30M shares. What did they get with this 30M shares? Well they received $53,000 cash and $109,900 in Equity Finacing Costs.
bet the peanut gallery loved it....
China executes securities trader....
(bailiff! off with his head!)
http://www.theregister.co.uk/2009/12/08/china_execution/
My concern is an investigation of the company and its activities and co-participants...I couldn't care less what the pps does.
Current info such as no revenue no earnings no IOBS? No Lathrop Engineering on IOBS and a recent .0007 low? That sort of current info?
How about tens of millions of shares dilution since "two years and two months ago" (which was posted to demonstrate lack of progress toward anything other than dilution) and the revelations of the class of persons management has chosen to do business with?
Tell me something good besides the short term players riding the price/volume manipulators slipstream and ignoring or trying to suppress facts not conducive to the pumping dumping?
That past info is very useful...it indicates where the company will likely be in the future....
Let's see....something good...I'm trying real hard but I can't come up with one single thing....I would say IOBS but IOBS isn't....the money went to 'china'.
The best I can see is if an enforcement or regulatory authority conducts an investigation into bmgp and its press releases and guidance pertaining to acquisitions, revenue expectations and business prospects from its past not to mention the trading/volume patterns of the past several weeks.
'Everyone' is waiting on purported news coming from bmgp pertaining to "financing"...with their record the only financing they'll get will be the kind I posted...convertibles or some other extremely dilutive arrangement. The short termers will crow about their success when the manipulators engineer a pps pop but nothing will change. They've got to tie a porkchop around this puppies neck to get anyone to play with it.....and it's due to their own actions.....they'll never develop the IOBS, all the other junk they bray about is nothing more than junk and Los Alamos National Security needs to regain control of their technology and get it into hands which will actually develop it....jmho
Notes payable...convertible financing...death spiral
notes payable...convertible financing..."death spiral"...
"Total loan amount $ 576,610
By tvanyo_2000 . 2 years 2 months ago .
Correct me if I am wrong...but it looks like the only possible dilution we really have to ...
Correct me if I am wrong...but it looks like the only possible dilution we really have to be concerned with is the loans...and with over $300,000 cash on hand...dilution should not be necessary...correct? NOTE 5. NOTES PAYABLE The Company has received loans from several private individuals and businesses with interest rates that range from 10% to 12%. Many of these notes are convertible into common stock, some at the option of the Company and some at the option of the note holder. Most of the notes can be converted immediately at the same stock price as the day of issue of note. Some can be converted at the stock price at the day of issue or the current market price. And some have a feature where 25% of the principal can be converted in 180 days, 50% in 360 days and 10% in 540 days all at the price of stock at the day of note issue or 75% of the market price at the date of conversion. The last group of notes resulted in the recording of $2,250 interest expense for the intrinsic value of the conversion feature. The total notes payable follows: Fifteen loans from private individuals or Investment Groups at 10% interest Balance Due $ 413,004 Four loans from private individuals or Investment Groups at 12% interest Balance Due 86,444 Total Notes Payable $ 576,610"
BMGP-Counsel-Jody M. Walker of Colorado....
I'm not sure if Cane Clark is still active with bmgp or not...
Ms. Walker is active in several OTC companies and Nasdaq IPO's...
Gala Global Inc. Viersen Germany GLAG OTCQB
Iron Eagle Group, Inc. New York United States IEAG OTCQB
MobiVentures, Inc. Swindon United Kingdom MBLV OTC Pink No Information
Orion Diversified Holding Co Inc. Henderson United States OODHA OTC Pink No Information
Preventia, Inc. Toronto Canada PVTA OTCQB
Stevia Agritech Corp. Calgary Canada STVE OTCQB
Sunbelt International Corp. Beijing China SUNBD OTC Pink Limited
Texas Wyoming Drilling, Inc. Las Vegas United States TWDL OTC Pink Current
TFN Football Network Los Angeles United States TFBN OTC Pink No Information
http://www.otcmarkets.com/service-provider/Jody-Walker-Esq.?id=2065&filterOn=3&page=1&pageSize=25
Link to some DD by nd mentioning Ms. Walker...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65504593
Diane Dalmy dd link...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64953292
Some Nasdaq clients.....http://www.google.com/#sclient=psy-ab&hl=en&safe=off&q=jody+m+walker+nasdaq+clients&oq=jody+m+walker+nasdaq+clients&gs_l=hp.12...75831.76705.7.78998.2.2.0.0.0.0.500.952.4-1j1.2.0.les%3B..0.0...1c.gkQ9oWPV89w&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=baef827db5508c9b&biw=1024&bih=395
your thoughts, pbar? it's approaching three years now....
they're a little bit late for that...
coulda woulda shoulda
can they help with toe fungus?
NEGS NX Global
A Norman J. Birmingham shell....not too long ago norm made claims to have $100MM in financing for a greeny canadian project which never materialized...david lafave and robyn bailey participated via a UPS Store address in Austin, TX...a local canadian journalist produced an article on it.
(Note...I haven't figured out how to link in google chrome yet...and Internet Explorer is now acting wonky...me software/os moron...)
Google...'banx gold magna group'....you should see a yahoo finance summary for nx global inc...
In that summary you will find shares issued to banx and gold llc and greenru llc which are norman j birminham shells and norman birmingham issued shares by name.
You will also see shares issued to magna group, elionheart, tripod group, redwood management, gel properties, tangiers investors llp, sweet challenge inc with Asher, John T. O'Neil and 'BARS' listed as loans and net payable under convertible financing.
(Now I've got to google google to figure out how to use my computer as I did before I installed chrome...bummer)
So all should shrug and walk away because none can be saved from themselves...???
"OffillStocker"...a new name for an old scam?
(probably won't stick)
I think the Texas regulators should be keeping a better eye out for vermin in the barn.....
Rule 504 Reg D Texas 'loophole'...
May not always be a loophole...I don't pretend to understand this very well but there have been instances (which I went searching for) that said loophole has been used purposely to evade registration restrictions...below is an excerpt of the text concerning the appeal of a person convicted of securities fraud via the mis-use of that loophole....
Search Cases & Codes FindLawCaselawUnited StatesUS 4th Cir.UNITED STATES v. OFFILL
United States Court of Appeals,Fourth Circuit.
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UNITED STATES v. OFFILL
UNITED STATES of America, Plaintiff–Appellee, v. Phillip Windom OFFILL, Jr., Defendant–Appellant.
No. 10–4490.
Argued: Sept. 23, 2011. -- December 06, 2011
Before TRAXLER, Chief Judge, and WILKINSON and NIEMEYER, Circuit Judges.
ARGUED:George Kostolampros, Venable, LLP, Washington, D.C., for Appellant. Patrick Friel Stokes, United States Department of Justice, Washington, D.C.
OPINION
A jury convicted Phillip Offill on one count of conspiracy to commit securities registration violations, securities fraud, and wire fraud, in violation of 18 U.S.C. § 371, and nine counts of wire fraud, in violation of 18 U.S.C. § 1343. The indictment alleged that Offill had participated in a “pump and dump” securities scheme, which was designed to evade securities registration requirements, artificially inflate the value of securities, and then realize a gain by selling them at the inflated value to the public. The district court sentenced Offill to 96 months' imprisonment, a downward variance sentence.
On appeal, Offill contends that the district court erred during trial by (1) admitting opinion testimony of two experts and two lay witnesses for the government; (2) denying his request for a multiple conspiracy instruction; and (3) admitting evidence of subsequent acts not charged in the indictment. Offill also challenges the reasonableness of his sentence, arguing, among other things, that the district court impermissibly imputed to him the gain resulting from the entire conspiracy when calculating the applicable offense level under U.S.S.G. § 2B1.1.
For the reasons that follow, we affirm.
I
In March 2004 David Stocker, a securities lawyer in Phoenix, Arizona, retained Phillip Offill, a lawyer and securities specialist who had earlier worked for the Securities and Exchange Commission, to advise him on how to issue free trading (unrestricted) stock without the need of filing a registration statement. Stocker represented “penny-stock” companies for whom the securities registration process was too costly. Offill explained to Stocker that he could use Rule 504 of Regulation D of the Securities Act of 1933 and an analogous Texas state law, Texas Administrative Code (“TAC”) § 139.19, to create free-trading stock and avoid any requirement of registration. More specifically, Offill advised Stocker that Rule 504 and TAC § 139.19 provided an exception to registration requirements when the stock is sold to an “accredited investor” who purchases the stock with “investment intent.” As Offill explained, an “accredited investor” was a person with a net worth of $1 million or a business owned by persons each with a net worth of $1 million, and “investment intent” was generally demonstrated by holding a stock for a period of at least one year.
Under the working arrangement between Stocker and Offill, Offill orchestrated 51 stock issuances with Stocker during the period from April through August 2004, and Offill, through investment entities he controlled, served as the initial “accredited investor” in those transactions. Stocker and Offill produced legal opinion letters and stock subscription agreements for the transactions, asserting that the registration exemptions of Rule 504 and TAC § 139.19 applied to the transactions; that Offill, as an accredited investor, had paid for the stock; that the entity that Offill controlled had purchased the stock with “investment intent”; that Offill had no present intention of selling the stock; and that the transactions were not part of a “scheme or plan to evade registration requirements.” At Offill's suggestion, Stocker included a statement in his opinion letters noting that Stocker was not providing an opinion as to the stock purchasers' status as underwriters. For each transaction, Offill also created documents permitting Stocker to transfer the shares.
Offill received $2,500 as compensation for his work on each of the 51 transactions, for a total of $127,500.
Many of the statements in the legal opinion letters and stock subscription agreements were in fact untrue. With respect to some of the stock issuances, Offill and Stocker devised a “pump and dump” scheme designed to artificially inflate stock prices and then sell the stock to the public for gain. In connection with each of these stock issuances, as well as other stock issuances, despite the representations in the subscription agreements that Offill had purchased the stock with investment intent, Offill in fact never paid for the stock. Moreover, he allowed Stocker to transfer the shares to coconspirators within days of the initial issuance, for public sale thereafter. Under the “pump and dump” scheme, after Offill and Stocker distributed the stock to co-conspirators to create a secondary market, other conspirators, serving as “promoters,” organized marketing campaigns to increase the value of the shares through spam e-mail, press releases, and faxes that contained false information about the issuing companies. The conspirators also manipulated the price of the shares by coordinating their trading activities to limit the supply of available stock. Once the stock reached a sufficiently high price, the conspirators “dumped” their shares by selling them to the public, providing the conspirators with a gain of millions of dollars. Some of the proceeds of these sales were deposited in brokerage accounts associated with Offill.
http://caselaw.findlaw.com/us-4th-circuit/1587410.html
BMGP Biomagnetics Diagnostics Corp
CEO-Clayton Hardman
Investor Relations:
Paul Hardman, IR
General Information
info@biomagneticsbmgp.com
Service Providers
Auditor/Accountant
Shelly International, LLC
144 S. Mesa Dr. #E
Mesa, AZ, 85210
United States
Mark Shelly International LLC
144 S Mesa Dr #E
Mesa, AZ, 85210
United States
Legal Counsel
Cane Clark LLP
3273 E. Warm Springs Road
Las Vegas, NV, 89120
United States
Investor Relations Firm(formerly...'said' to be 'out of the picture')
Emerging Growth Research LLC
Joe Noel
300 Beale St.
San Francisco, CA, 94105
United States
Transfer Agent:
Integrity Stock Transfer
3027 E. Sunset Road
Suite 103
Las Vegas, NV. 89120
Phone: 877-317-7757
Fax: 702-796-5650
DTC status-*-trades on pinksheets?
Link showing sales to:
E-Lionheart-February 2, 2011 1,160,005 shares-Reg D Rule 504 Texas
Un-named parties second and third quarters of 2011 Reg D Rule 504 Texas offering 4,845,168 free-trading shares
"Magna LLC"-(magna group llc?) January 27, 2011 1,142,857 shares-Reg D Rule 504 Texas and
February 15, 2011 1,392,758 shares Reg D Rule 504 Texas
also issued shares to:
Lloyd Dohner (since convicted securities fraud felon)-March 1, 2011 400,000 shares for 'consulting services'
Wakabayashi Fund LLC May 12, 2011 5,000,000 shares-associated with jeff stone of former crescent fund, convicted securities fraud felon referred to by SEC in Adminstrative Proceedings as 'recidivist' and 'felon'...refused to pay disgorgement and fines to SEC...moved to Japan instead
Equity Trend Advisors (Equititrend?)-February 24, 2011 1,500,000 shares for 'marketing, investor awareness and broker services'
Emerging Growth Research (Joe Noel) March 28, 2011-2,000,000 shares 'for reaching contract goals'
https://docs.google.com/viewer?a=v&q=cache:f5epEqa6XVcJ:https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id%3D80827+lloyd+dohner+issued+shares&hl=en&gl=us&pid=bl&srcid=ADGEEShthrHQrjaXl7yb5jgLQwTlb1EYhmzGm6xlQc3idkO_z0_J0WB7FsOrYFT3uXU4mWf6KJvUTEc9jXU9MH2vMZAAi6QQL6Qh6fo8VaSfSwZsPrKzdWcxyaczI8HKn-N8aTui95n-&sig=AHIEtbSbmCBLpXRlK8PGKLOjOrssK-zL5A
Who prey upon whom?
1manband Friday, August 24, 2012 1:11:38 AM
Re: ratso1 post# 30112 Post # of 30180
Quote:
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So, how did this illegal transaction occur without some collusion between Bronson and 1.) the attorney, 2.) the transfer agent, and 3.) the issuer (who is ultimately responsible for the manner of share issuance)?
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It didn't. The attorney is absolutely involved, as they KNOW they issued a fraudulent opinion letter. The TA is involved because they have a legal obligation to report questionable requests, and there is no excuse to not know the letters were clearly bogus (it was 504 restricted stock - almost impossible to issue those shares as free-trading, and the if they did actually meet the almost impossible conditions to make it free trading, it would have been both quick and easy for the TA to confirm the conditions had been met). And the Company is involved because they not only have to approve the share issuances (and provide the TA the confirmation the shares could be issued as free-trading), they would have had to do the leg-work and filings for the limited exemptions to make the shares free-trading at the start (and thus KNEW they didn't do what was required to make the opinion letters truthful).
To some extent, all parties involved were "in on it".
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78875971
I don't know, sam...I've run across that webpage but it seems to me I also ran across some info pertaining to Austin, TX which I can no longer seem to locate.
(I'm still learning to fly...my research skills are rather rudimentary)
Speaking of Texas I've noticed more and more scamsters popping up here...one problem I believe is the Texas Secretary of State's office...free info such as many other states provide is hard to come by and I think some scamsters are taking advantage of the situation.
e-lionheart/magna group llc both tend to show up in many of the same companies....it seems equititrend can be linked to several of them, too.
I can't link to a pdf file or cut 'n paste from one due to software limitations...so try googling
"e-lionheart magna group issued shares"....
and look in the OTC/OTCIQ filings of the cos in the google returns...
The SEC Litigation Release mentions around 100 pinkstinkers involved but not all of those file financials so only those which do will show up (I think)...I would like to see some transfer agents, lawyers and issuing companies/officers/advisors/associates/directors/promoters etc added to the litigation as I think SEC has hit a real treasure-trove of pink scammers with the e-lionheart file if they research what they've got a bit deeper.
Also nodummy has mentioned magna group at least twice on ihub and one post has a looonnnngggg list of share issuances to them....
Jason Sason is listed as sole officer of magna group (almost no information returns on google for jason sason) and the agents address is listed as the company address in VA TX GA and AZ...(perhaps the source of my confusion in thinking magna group is/was based in Texas...I now think New York...likely Plainview,NY)...see Bizapedia for that info...
http://www.bizapedia.com/us/MAGNA-GROUP-LLC.html
Here's the goggle link for 'e-lionheart magna group issued shares'...
http://www.google.com/#hl=en&sugexp=les%3Beqrwrth&gs_nf=1&pq=e%20-lionheart%20magna%20group%20issued%20shares&cp=2&gs_id=3k&xhr=t&q=+e-lionheart+magna+group+issued+shares&pf=p&sclient=psy-ab&safe=off&oq=+e-lionheart+magna+group+issued+shares&gs_l=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=fde56a1388f17c7d&biw=1024&bih=395
Magna Group LLC...ever heard of them?
It seems they tend to pop up where E-Lionheart does/did regularly....how about Lloyd Dohner? Ring a bell? Jeff Stone? Wakabayashi Fund LLC? Equititrend?
Not all of those 504 Reg D issuances went through Delaware....some went through Texas.
I'll bet SEC adds others to this litigation.
E-Lionheart Assoc litigated by SEC...penny stock fraud
http://www.sec.gov/news/press/2012/2012-165.htm?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=SEC+Press+Releases
Aug 22 2010 SEC Litigation Release
According to the SEC’s complaint filed in U.S. District Court for the Southern District of New York, Bronson lives in Ossining, N.Y. E-Lionheart, which also does business under the name Fairhills Capital, is located in White Plains. Acting at Bronson’s direction, E-Lionheart personnel systematically “cold called” penny stock companies quoted on the OTC Link to ask if they were interested in obtaining capital. If the company was interested, E-Lionheart personnel would offer to buy stock in the company at a rate that was deeply discounted from the trading price of the company’s stock at that time. Typically, Bronson and E-Lionheart immediately began reselling the shares to the investing public through a broker within days of receiving the shares from the company.
Bronson and E-Lionheart purported to rely on an exemption from registration under Rule 504(b)(1)(iii) of Regulation D, which exempts transactions that are in compliance with certain types of state law exemptions. However, no such state law exemptions were applicable to these transactions. Bronson and E-Lionheart claimed to rely on a Delaware state law registration exemption, but the transactions in fact had little or no connection to the state of Delaware. The particular Delaware state law exemption claimed by Bronson and E-Lionheart is not an exemption that meets the specific requirements of Rule 504(b)(1)(iii). As a result, investors purchasing these shares did not have access to all of the information that a registration statement would have provided, including in many instances important information concerning the issuance of millions of new shares by the company to Bronson and E-Lionheart.
Rule 504 Reg D was used by BMGP to issue shares to e-lionheart (at least 1,060,005) and "magna llc" (at least 1,392,758) which I believe to actually be "magna group llc" which is out of Texas with bmgp's OTC financials filing stating that 504/reg d was used to issue shares in Texas...including e-lionheart, magna llc and at least one un-named party (at least 5,000,000). Jeff Stone is also from Texas and I believe him and his wife janette dillerstone to be operating wakabayashi fund llc (issued at least 5,000,000 shares) out of Japan after refusal to pay disgorgement and fines resulting from SEC Adminstrative Proceedings.
This makes four convicted/litigated/proven fraudsters...charles gregiore de rothschild, lloyd dohner, jeff stone via wakabayashi fund and e-lionheart assoc...which can be traced as business associates past/present of bmgp....
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_B/threadview?m=tm&bn=76909&tid=28148&mid=28148&tof=13&frt=2
10 cent bid 33 cent ask....
How soon a penny?
bmgp key recent developments dec 2010
"Currently performing clinical trials"...not
Currently, the company is performing Clinical Trials in Mexico, Kenya, India and China after the US and Europe. Biomagnetics is headquartered at Orangevale in California, the US.
Biomagnetics Diagnostics Corporation Key Recent Developments
Dec 01, 2010: Biomagnetics Identifies Second Biomarker For Tuberculosis Assay
Dec 02, 2010: Biomagnetics Announces Completion Of Updated Prototype Bench Top Version Of Integrated Optical Biosensor
Feb 22, 2011: Biomagnetics Selects Lathrop Engineering To Complete Product Design Of Integrated Optical Biosensor System
Mar 29, 2011: Biomagnetic Announces Updates On Commercialization Of Integrated Optical Biosensor Diagnostic System
http://www.bionity.com/en/studies/4435/biomagnetics-diagnostics-corporation-bmgp-strategic-swot-analysis-review.html
$2MM+ plastics order...11/16/2010 where's the revenue?
Biomagnetics Receives First Order for Plastic Film – Initial Order Exceeds $2 million
2010-11-16 08:22:26
Keywords: Biomagnetics Receives First Order for Plastic Film – Initial Order Exceeds $2 million, bmgp.pk
Quote: The initial order, which hasbeen placed by an agricultural cooperatives, is valued in excess of $2million, but is expected to grow significantly as manufacturingcapabilities increase and as the Company acquires additional credit.In July of 2010, Biomagnetics acquired all assets of Lanzhou NewSunshine Plastic Manufacturing facility. In addition to the assets ofLanzhou, Biomagnetics will inherit an ongoing contract for plastic filmproducts for a minimum of two years. This initial order will representthe first shipment against this contract.“We are very excited to announce this significant event in the life ofour Company. Whereas we have decided to spin off the recently acquiredbio-fuel assets, we plan to operate Lanzhou in order to capitalize onthe significant demand that exists within China as its economy continuesto boom,†commented Clayton Hardman, CEO of Biomagnetics. “I will bespending this week in China to secure the letters of credit that we needto expand upon this initial contract. We believe pending orders areseveral times the magnitude of this initial order.â€About Biomagnetics Diagnostics Corp.www.biomagneticsbmgp.com....
http://www.realpennies.com/index.php?option=com_stocksonline&controller=company&view=shownewsitem&id=359945&symbol=BMGP