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Don't worry Mathew aka dmax2014....you and your FRAUDSTER father will know all there is to know about bromance shortly. I'll bet there are several dudes who would love to cozy up to a couple of pasty white collar criminals such as you and old Johnny boy.
Q. When are you, and your fraudster father, going to reimburse the shareholders for the costs of your wedding in Jamaica last year?
It is the right thing to do! Oh, wait, you are a SIMMONDS, so this concept is totally foreign to you.
You should be ashamed of yourself, taking cash from shareholders for your own wedding, and for your shameless useless father for taking other useless boobs from A.C Simmonds "management team" down to Jamaica for your wedding, but telling the shareholders they were looking at an energy to waste play.
BTW,
Your fathers fiancé is fugly!
Well said, SaltNoPepper.....
There are probably a lot of SIMMONDS shillers / lovers on this board, but rest assured you and I are not!
If Mr. McGoo or whatever he calls himself is really Mr. Goudas, then he is also in a pile of trouble, because I assume that although he gave SIMMONDS the keys to the kingdom (signing authority), he is still on the hook to RBC credit facility with personal guarantees. Once they (RBC) realize that their cash is long gone (stolen by SIMMONDS) they will grind Mr. Goudas (or if you prefer Mr. McGoo) into a pulp, while SIMMONDS sits in a beach somewhere sipping piña coladas, caring less and less with each passing moment!
John had a vision alright....but it wasn't to build something. It was to steal everything. How do you explain John Simmonds looting (outright stealing) from Goudas credit facility 8M$ and sending it to all of his other "investments" like trucking companies, golf courses, his own pocket, etc. If John truly had "noble intentions" surrounding building an ethnic food powerhouse, he would have left the Goudas credit facility alone to do just that. He would have built it, rather than tear it apart. The real problem is inept management, and that starts and ends from the top down. He never wanted a thriving operating business, he wanted Goudas cash, and he falsified many documents to the RBC to get his greedy fat little hands on it.
READ THE F$&KING INFORMATION PRESENTED so that you can render an unbiased opinion. These documents are factual, true, legal, and accurate. If SIMMONDS had a defence beyond "it wasn't me" don't you think we would have all heard it by now. This is serious $hit!!!!! His reputation means nothing to him because he is a greedy little SOB.
You are correct regarding his cronies, their high salaries, fancy cars, and questionable work ethics. BUT, it is the sole responsibility of the CEO to decide these factors, and hold them accountable. He was more interested in kiting cheques, stealing cash, stiffing investors, and wrecking people's lives, rather that building anything.
To render your own opinion, read the information presented in this forum. We didn't simply wake up one day and "invent" this stuff. These are facts published in the public domain. Simmonds can hide no more behind a "it wasn't me" defence when his dirty, greedy, grubby, fat little hands are all over this $hit show, from start to finish.
What about investors that paid for stock but got none. I call this FRAUD!
What about pensioners who paid SIMMONDS for golf memberships in the fall, but received nothing. There are no courses open this spring....I call this FRAUD!
There is also a pattern of behaviour here that is MOST DISTURBING. He has done this on (3) occasions over the last (5) years, and walked away from each instance, unscathed. I am making it my mission to ensure that this time, he feels the wrath of the requisite authorities so that there is absolutely no chance of a fourth time repeat performance. He is a joke of a CEO, a FRAUDSTER, and he must be stopped at all cost! He has ruined people's lives, and he could care less. Doesn't this bother you?
You are delusional. Read the information as it has been presented. I assume you were one of the few who got actual stock, assuming you are a real investor and not just a SIMMONDS Lapdog / shiller / lover. Now, guess what, your cash is GONE. You can paper your wall with those certs, like Bre-X, or do what some of us have done, and "recycle" them by substituting them for emergency toilet paper.
John is a first class FRAUDSTER, PERIOD!
His legacy is one of cheating, stealing, as well as he is a colossal liar, all done under the guise of legitimate business dealings in Nevada based penny stock shell companies. He uses Nevada based OTCQB or pink sheet companies because their shareholder rights policies are extremely poor.
Now go and crawl back under the rock you came from!
I used mine already....ran out of toilet paper the other day, so I scrunched up some Pacific Software certs. I have my Mosaic share sub agreement beside the commode, in case the same situation presents itself again. You gotta be prepared for anything these days.
I am starting a pool on when Simmonds is arrested and charged! I say by Close of Business May 8, 2015.
Anyone in?
Well said SaltnoPepper,
The once "storied" name SIMMONDS, is now synonymous with lost investor cash & confidence, looted company treasuries, broken investor dreams and promises, and a whole host of other FRAUDULENT transactions thanks to the exploits of one John G. Simmonds.
The latest scam, once the jig was up at Goudas, was to scam old people on fixed income out of their golf money.
Here is a link.
http://m.simcoe.com/news-story/5479043-wasaga-golf-course-lands-in-financial-rough
Q. Has SIMMONDS opened ANY golf courses, ANYWHERE, this spring?
Or here is another link, with SIMMONDS smiling away, standing beside the leased Maserati that we all paid for. I wonder if his $hit eating grin makes everyone feel warm and fuzzy inside now.
http://ca.casinorelease.com/wasaga-beach-one-step-closer-to-casino-site
So it begs the question then, Why did Johnny boy take money from retired golf enthusiasts in Wasaga beach, in the fall of 2014, with NO INTENTION of opening any A.C Simmonds & Sons KwikLinks golf courses in the spring? These pensioners are out a collective 300K IN CASH, and SIMMONDS or his cronies could care less, Why? Because SIMMONDS has their cash, that's why. I assume that this cash was then quickly looted from the bank account(s) and consumed by another SIMMONDS scam shell company, or SIMMONDS personally. These people are now added to the list of many others who were DEFRAUDED.
We need to make it our mission to ensure this FRAUDSTER sees the inside of a 4' x 6' cell. Once his reputation has been officially ruined, and he has spent some time behind bars reflecting on what he did....wait a minute, who am I kidding....this dude is a narcissistic, pathological liar of the highest order - so he could care less - no introspection will be done here. Then his trust fund should be "looted" in a similar fashion to repay all of the hard working folks who were ripped off by this myriad of scams. Finally, when SIMMONDS is on parole, and the only job available to him is a counter position at the local McDonalds, I hope I run into him, so I can LMFAO at how far the supposedly "once mighty" have truly fallen!
Practice now John...."would you like fries with that, sir".....your going to need it!
Spoiler alert.....Simmonds is in a heap o trouble!
Go to the Duff & Phelps website:
http://www.duffandphelps.com/intl/en-ca/Pages/RestructuringCases.aspx?caseId=1016
Under the Motion section
Motion Material
Motion Material Returnable May 12, 2015 - Volume 1, Part 1
Read PDF pages 28-72 (Second report of the receiver dated May 1, 2015)
WOW! I am now officially speechless!!!!! It is much larger than we all expected, and the evidence appears irrefutable.
These guys (Simmonds and his cronies) fraudulently transacted and misrepresented material facts for material gain to depths rarely seen by public companies. (See section 4 page 45-46)
They substituted (faked) real Goudas customer numbers (Sobey's, Price Chopper, etc., etc.) for related party company names (A.C Simmonds, Vertility Oil $ Gas, etc., etc.), then pumped a whack of inter company fake / fictitious invoices, which made RBC think that these fabricated fake receivables were, in fact totally legitimate. They then filed these fabricated / faked weekly or in some cases daily release reports with RBC, who thought that these customers were legitimate, and therefore advanced 85% of the value of these faked invoices to Goudas.
They (Simmonds and the cronies) had no chance or intention of ever collecting, so when these approached an aging of 90 days, Simmonds and the cronies would "kite cheques" from one to another to reduce the amount of overdue receivables (less than 90 days) to below 25% of the total value of that fake customer's account, so that they could continue to draw on, and run up Goudas credit facility. Had they not done this, RBC would be richer, this fraud would have been exposed earlier, and hopefully Simmonds would already be doing time in Jail. There is also the possibility that some investors may have been spared.
Plasticap, Biosec, and many others apparently had no idea about these "inter company" receivables, apparently never saw the invoices, etc. The CFO of A.C Simmonds was apparently clueless as well, often working from hand written notes or verbal instructions from good old Johnny Boy! As it turns out, most of the "acquisitions" announced by A.C Simmonds were also untrue or faked!
Check out the internal emails that talk about and outline this "game of hot potato" activity, contained in the same report on pages 52 thru 59. The receiver has 30,000 emails to draw from. When liquidity was low, money was tight in the A.C Simmonds empire, Simmonds simply fabricated more inter company toilet paper, bundled it up, and "sold" it off to RBC at a 15% discount to face value.
Simmonds also took some 400K+ for himself in "management" fees. This is in addition to the looted cash, as well as all of the investor cash that was collected in exchange for either non existent, or worthless stock.
If this isn't blatant Fraud, I don't know what is. These guys successfully bankrupted a business, stole 8M$ in the process of doing so, plus many millions more from innocent investors. Where are the cops? This now looks like a no brainer prosecution....why are the cops waiting to proceed.?....Hopefully the cuffs will be slapped on Simmonds this week, now that this colossal stinker has been exposed for what it really was....DELIBERATE FRAUD!
Because....dmax2014,
1) You confuse the board without an original name.....any idiot knows this.
There must be a reason why you chose to do this, the most obvious being that you are a Simmonds shiller / lover!
Or a relative such as Mathew.
Or a supportive (enabling) employee such as Carrie / Jason / ???? perhaps.
2) You are somewhat correct about the "day in court", but the evidence presented thus far is overwhelmingly in favour of RBC, I encourage you to read it. The silly statement of defence was laughable at best. Simmonds must have been listening to Shaggy's song "it wasn't me" at the time it was prepared. Do you think that banks have nothing better to do than launch frivolous actions, especially actions like this. Mark my words, the cost of this litigation will exceed 7 figures, when it's all said and done. He artificially inflated Goudas accounts receivable, creating an asset in the eyes of the bank. Then loaned the cash or paid out the cash to all of his other scam companies / ventures. Most of these had jack to do with A.C Simmonds. Just because you sign a BS LOI doesn't mean that you own the entity outright. You have to transact (close) the deal first, but I assume that you know that. These actions put Simmonds in a conflict, that being that he shouldn't have broken open Goudas piggy bank and shared the cash with others unless he owned them. Even then, the covenants surrounding Goudas credit facility clearly stated that "loans" to related parties were to be excluded from the receivables for loan calculation purposes. THIS IS PURE UNADULTERATED FRAUD DUDE!!!!!
3) How do you explain the perversion of the capital markets by taking money from investors, but not issuing any stock. THIS IS STRAIGHT OUT FRAUD AND DECEPTION as well.
There are a lot of us who have "invested" in this (and other) Simmonds $hit show(s)....however judging by your expressed opinions, you appear not to be one of them, or you are too stupid or lazy to read all of the evidence presented and render an informed, educated opinion. The only remaining reason is that you are a paid shameless Simmonds Lapdog.
I hope he is investigated, charged, given his day in court, convicted, and harshly sentenced for his flagrant disregard for ethical business practices, Fraud, etc. No one is above the law, including trust fund babies like old Johnny Boy. This time, his life will change....I promise you that!
To dmax2014.....
I am flattered that you decided to take my name, but for (1) digit.
However,
It doesn't take a brain surgeon to read the evidence presented this far to determine that a massive fraud has been perpetrated against the RBC. If you look at the documents presented today, and the law firms involved, the litigation costs to defend this kleptocracy by Simmonds could easily exceed 500k. Once he loses, he will also pay the other sides costs. Couple that with restitution and thus trust fund baby is broke. I only want justice for all involved. You, on the other hand are a shameless Simmonds Shiller, with most probably no cash invested, so you could care less about the outcome. I agree with the other posts, you are probably related to him.
Couple this behaviour with the burn of people giving Simmonds after tax dollars, but receiving no stock, and it's plain to see that this dude is a first class crook, fraudster, cheat, liar, and all around bad guy.
You are delusional to come to any other conclusion other than Simmonds is a crook. My crusade is to see that he pays dearly for his arrogance, and sense of entitlement to other people's cash.
Have a nice day, moron!
Pure smoke, probably used to divert from the real truth. The statement of claim filed by D & F says it all. It appears that Simmonds looted the cupboard of any cash or access to cash that Goudas had.....as he apparently had full control of the bank accounts. Kleptocracy of the highest order....fry baby fry!!!
I hope the authorities make a case, and he ends up being married to bubba.....I hear he likes to toss salad.
If this company had a proper and ethical public stock float, rather that millions and millions of restricted worthless shares, the stock price would be .001$, in accordance with the risk profile and poor execution thus far. The ONLY reason that that has not happened is because the liquidity is being manipulated by Simmonds to mask the real misery heaped upon us all by an inept group of individuals that couldn't effectively run and manage a neighbourhood convenience store. This, of course, doesn't include the people that paid for, but never received their stock certs. There are many in this boat.
What a $hit show......((
WTF, I just went back to the same link that I recently posted and the stock now shows 10.25, with no volume.....really strange!!!!!
I checked it last night, and again this morning before I posted the link. Next time I will take a picture of the screen and post that.
I apologize for any confusion caused.
The stock is presently trading at $8.55
Yesterday's trading volume was 20,215 shares
Here is the link:
http://www.otcmarkets.com/stock/ACSXE/quote
ACSXE stock is tanking, but most of us own worthless restricted legend stock, with 0 liquidity. Who is selling, and more importantly, with all of the unresolved issues, who is buying?
At this rate, it will be a penny stock soon.
If he doesn't, he is a crook just like Simmonds! The flow of cash from Goudas to all Simmonds related ventures is most disturbing, I had to read the statement of claim twice to digest it all. Their statement of defence is laughable at best. Simply put, their defence is "it wasn't me". The number of lives this dude has toyed with, or outright destroyed is, for the average person deplorable. How does he look himself in the mirror? Simmonds is a compulsive liar, with no conscience whatsoever. If Rabea is still shilling for Simmonds, he should also feel the wrath of the innocent people he fleeced, as well as the full force of the investigative authorities. In life, reputation is everything, except in Simmonds reality, where lust for cash outweighs basic human dignity. Simmonds played on people's greed, and I for one got caught up in the euphoria of a .25$ stock's $10.00+ debut, in USD no less. I can't tell you the number of times I was fed unadulterated BS from all of Simmonds cronies. I stopped calling and enquiring because I tired of the taste of rotten BS. I have written off my investment, and chalked it up to experience. My only interest now is to make damn sure that Simmonds (and his cronies) pay for his/their actions, and is prevented from ever being able to pull these scams in the future. I will not let up until he sees the inside of a jail cell, and is left penniless, like a homeless hobo.
By R.A I assume you are referring to Rabea Allos. I believe that he had the best intentions when he sold you on Simmonds and his "grand vision". The problem is, is that no one knew the level of complete incompetence with which Simmonds operates. When you add in the kleptocracy and dishonest conduct, WOW, no wonder we're all out our investment capital. This dude (Simmonds) has to be locked up, to prevent another repeat performance. He finds dudes like Rabea, and squeezes them like lemons. Once they have depleted their networks, raised him his "play money", he discards them like used toilet paper. I also bought my stock through Rabea, but now knowing the way Simmonds operates, I don't blame R.A., I do however want to see Simmonds held fully accountable for his actions, and will continue to post information as it becomes available. If we all do a little, this guy (Simmonds) will eventually fry!
Your a moron! Hip this IDIOT
I am annoyed at the dude who decided that he was fresh out of original ideas for a name and decided to register as dmax2014. Obviously this dude is a Simmonds Shiller, one of the few left, probably related....Mathew perhaps?
To dmax2014, go get a dictionary (assuming you are capable of reading, possible big stretch here), or pick some random letters, and come up with your own identity. Here, I'll help you...
K S J A S C A
JACKASS
or,
D O T I I
IDIOT
or,
R M O N O
MORON
See, it's not so difficult after all.... is it!!!
I can't respond to a moron that steals my identity. I assume that you were fresh out of original ideas for a name and as such decided to steal mine, but for the year. If you are a John Simmonds shiller, you should already know the extent of the legal mess you are in. Loser!
Here is the explanation of the "E" attached to the ACSX stock symbol as of yesterday.
http://www.sec.gov/answers/eadded.htm
It appears that if Simmonds doesn't file the required financials with 30 days, the stock is removed from the OTCBB, and ACSX as a listed company is history.
Over to you Johnny Boy!!!!!
Not much to say other than when you pull the $hit that Simmonds has alleged to have done, you tend to attract some unwanted attention. Take money from investors, but don't issue any stock, or artificially inflate the inter-company receivables between two companies and use these suspect transactions as a basis to borrow funds off of their credit facilities, or buy companies with what you know to be worthless paper by manipulating the value of a publicly traded company, or, taking money for golf memberships from unsuspecting golfers in the fall, with little intention of opening a golf course in the spring, or not paying source deductions or other trust monies (HST) to the Canadian Government, or stiffing employees for severance pay, or ????. Each one of these alleged actions is totally morally unethical and in some cases highly illegal and should beget the attention of the appropriate authorities. Some of us have been contacted and interviewed regarding the above, others will be soon. Once a solid case has been built, I assume this charade will be over, having been exposed for what it really was, a game designed to put as much cash in John and his cronies pockets as possible, at the expense of everyone involved. Stay tuned, be patient, as these things take a little time to piece together. Once I have a law enforcement contact (or more than one, as this is multi-jurisdictional within Canada, and includes the U.S. SEC) that I can publish, I will. The more people who speak up about how they were victimized / affected, the better. Let's shed some bright light this time on the practices of John G. Simmonds in the hope that he is brought to justice, and is never allowed to prey on people's goodwill and emotions again. Shame on him if half of the above is even remotely true.
Lots of investigative activity around Johnny Boy presently. RCMP, local cops, and SEC. He could be in deep $hit this time, and it couldn't happen to a more deserving individual. I hope they cook his goose.
All the information on the ACSX ) $hit show can be found here.
http://www.otcmarkets.com/stock/ACSXE/filings
Look in the top left corner, you will see that their filing status is listed as delinquent.
This guy has ripped off 100's of people. I suggest that we form a web chat group with a blog to trade war stories, and come up with a plan to engage the SEC to investigate him. He has repeated this pattern with 100's of other innocent trusting investors, with various companies (wireless age, nulook, pacific software, etc.) over the last several years. He uses his past alleged "glory stories" such as Glenaire, club link, and others to entice people to buy worthless paper in companies that he is not capable of effectively running. He then, in most cases doesn't even grow the cahones to issue the butt wipe stock certs.
This time though, he allegedly stole 12M$ from RBC, bankrupting Goudas foods in the process.
Slime ball doesn't begin to describe his M.O.
ACSX is now shown as a delinquent filer, with a halt on the trading of their stock. Johnny Simmonds screwed this one up also, and all of us out of our investment capital. Add this to the pile of worthless companies like Wireless Age, New Look, Pacific Software, and many others. At some point this pattern of behaviour becomes Fraudulent, with the authorities hopefully stepping in and preventing another $hit show from happening. If you paid John for stock, but never received it, contact the SEC, as I am now going to do. They, I assume, would love to hear from us. I will report back shortly with what I find out after I have contacted them.
Another day goes by and no new information from Johnny Boy! My guess is he will implode this one as well, like all the others, leaving us high and dry again. Next step is a suspend of trading, which means nothing to those of us with restricted legend stock, followed by a delisting.
What a pile of $hit!
Did Simmonds pull an April fools joke on all of us? On April 1 he filed form NT 10-K begging for a 15 day extension to the March 31, 2015 deadline for the release ACSX's 2014 year end financials, (due Dec 31, 2014). I'm no expert, but by my calendar 15 days from March 31 is April 15th. It is now April 16th, no filings were posted yesterday, or even today as yet, so the drama continues. I guess I'll microwave some more popcorn and sit by the computer, can't wait to see them and the accompanying MD&A. With no Goudas (bankrupt and sold off) no Plasticap (deal rescinded), and no new deal announcements, what's left to feel good about? Throw in the RBC litigation (12M$ allegedly disappearing from Goudas RBC credit facility) and there are many dark ominous clouds hanging over this story. The lack of any liquidity, is also a real troubling sign, as there is no reason why this stock should be $10.25 / share given the torrent of bad news, unless it is being manipulated somehow.
Tomorrow is the deadline for ACSX to release their year end 2014 financials (after begging for a 15 day extension - AGAIN!)....should be a gas! Prelude.......Probably no assets, no cash, and little to no hope!!!
Resign John, Resign. It is in the best interest of the shareholders that you hit the road.
We are all doomed! Please reply publicly (if so inclined) with the amount of $ you entrusted Simmonds with, AND how many FREE TRADING shares of BLVO or (ACSX) you have actually received (not just promised). This guy is in a heap of trouble, without the basic resources to even bail the boat. Think RCMP, think potential wide scale US wire, mail, and securities fraud, think RBC litigation, think SEC (US), think ???
This madness has got to stop!
Yep, right again. Simmonds filed yet another late filing notice today, which extends the year end due date (15) calendar days.....set your clocks boys, can't wait to see it!
I guess Johnny boy missed another filing deadline. ACSX year end statements were to be filed by March 31, I believe. I guess Mr. Simmonds will shortly file another delay request form to the SEC begging yet again for more time......surprise, surprise......NOT!
Oh Bladelawless....shiller of all things Simmonds! A great many of us put up cold hard cash in a Simmonds private placement for either PFSF stock or Mosaic foods (aka BLVD holdings). We were sold all kinds of great stories by Simmonds and his Cronies, but nothing of ANY value materialized. This includes non existent stock certificates, or if they were issued, they require a reg statement to become free trading. With all of the crap that ACSX is in regarding RBC, failed deals, and virtually 0$ in assets, you can quickly see why there are a great many frustrated folks who now hold worthless toilet paper. There was millions of dollars raised by Simmonds et al, off the backs of trusting hard working individuals that has been wasted by poor and inept management practices. This guy appears to be a crook, plain and simple.....take off the rose coloured glasses and seek to understand like the rest of us have. Or......continue to Shill for Johnny Boy, at the expense of the little itty bitty bit of reputation you have left. Your choice dude.
WTF is up with A.C Simmonds? No news, No defence mounted against SERIOUS RBC litigation, No CFO hired in place of the dude who resigned. Can't wait for the year end financials, due in (8) days!
Now Plasticap is gone from the A.C Simmonds empire....deal rescinded today....As well the notice to dismiss the RBC lawsuit was denied.....What's next....?
Are we being abandoned? Where is the companies position on the litigation it faces from RBC? Have they filed a notice to defend? The silence from Simmonds is deafening. Their CFO resigned a few weeks ago, but no replacement named....all of this is highly suspect. Hopefully it's not another "run for the hills" play as has been the Simmonds MO in many other companies over the last decade, with much shareholder wreckage created.
You heard it here first....the cuffs are a coming.....the boys in the red tunics are just around the corner.....but.....the stock is still above $10....bizarre!
Given all the allegations by way of the receiver of kleptocracy, why haven't the authorities (fraud and SEC regulatory) not stepped in and either
A) Cleared the air?
B) Slapped the cuffs on ASCX senior management team?
Also,
With all of this negative energy and news.....
Q. Why has this stock not tanked to .05$/ share?
The only plausible answer is that the stock is being "manipulated" somehow by there being 0 public float, therefore no one can sell even if they wanted too.
No sellers (by way of no free trade float) = stable stock price....regardless of the amount of "run for the hills" type news released lately. This is pure manipulation....plain and simple.
But then one should expect this given the fact that this in a Nevada corporation, AND it is listed on the OTC.....
ACSX's brand new CFO resigned Friday! Not a good sign. Must be something to the issues that have been brought to light recently.....
GES has 250K in cash, and a going concern clause as part of the notes section on their financials. The press release reads (between the lines if course) that they are depending on ACSX to be their "white knight" and shower them with cash with which to operate. Where is it going to come from? Can't wait to see ACSX's latest quarterly financials (period ending Dec 31)......should be a blast, containing a wealth of disclosure and information on exactly how they are going to dig themselves out of the massive crater they are presently dwelling in......I for one can't wait!!!!