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All the lipstick in the world won't make this pig worth kissing.
Very nice. GLTY
I believe you may be a tad mistaken. there are quite a few here on I-Hub who can vouch for my authenticity - friend or foe. Seek out the truth and you will receive it.
BTW...the David Patch you refer to was an advocate for change and an advocate against fraud. That has not changed. In fact, this David Patch (one and the same) has been involved in exposing scams including SPNG, SAEI, BEDA, and ZLUS all of which have existing SEC investigations and all of which have a trail of injured investors.
being an advocate does not mean that you have to be micro-focused. I do not live in a world of blinders. As for NSS, it was prevalent in 2000 and reforms were needed. They are in place and have reduced the magnitude of the issue. Denying that changes have been made is simply accepting being defrauded by scams.
Corestream (ZLUS) Down for the Count. Add that to SAEI, SPNG, BEDA, and we have a streak under way.
nothing like solid due diligence to offset wishful thinking.
Actually, if my memory serves me those who were informed asked for proof before believing. I offered up the initials of the investigator and suggested they run those by Ault. Wonder if they did.
But now what better proof that I was, and have been, telling the truth all along than this action.
They went to reg SHO because the paper the company was doling out wasn't getting cycled in 3-days. selling paper is slower than selling electronically when it comes to the back end settlement. The SEC has accused and the Mutts have admitted that they dumped lots and lots of paper during that "SHO" period.
this is a perfect example of UNDERSTANDING the data of Reg SHO and not just making things up.
Bankruptcy is civil as well and a bankruptcy judge can not compel the SEC to do anything. At best they can request that material that would provide evidence of finances and assets be provided but the SEC would most likely fight the request.
The judge does not dictate what some other agency must do for an investigation - that is a guarantee. In my last scenario, a judge could not go into the police and demand an investigation of a robbery be created when there was no evidence that a robbery actually took place. Believe it or not Judges have very limited powers and in this case they have the power of discovery and signing off subpoena's relative to discovery. The SEC is not a defendant and therefore not a participant to the case.
feel free to show me a case where a bankruptcy judge or any other judge forced a non-party to conduct an work. Just one will suffice.
Since I have a free membership I can't PM so guess again....
I am only interested in the SEC determining in finality whether NSS was a factor.
So now you know what the SEC did or did not do simply because they did not take action against NSS. Interesting, that means it does not matter whether there were or were not, you will not be satisfied unless there are charges filed.
then it is the duty of the SEC to determine that fact and also to bring them to justice. If they would do that, and they apparently have not even tried
I will say this again - and slowly this time - the bankruptcy judge has ZERO authority to demand the SEC or DOJ do anything. beyond that, there is nothing that says the SEC has not already done this "share count" and found nothing wrong?
Finally, the SEC does not report on investigations when they find no wrong doing. The fact you may want them to to appease your mind about your losses is not their job. How many complaints are filed with them across the markets and are they obligated to give an answer to every one?
The SEC told you that you were taking a big risk when you invested in penny stocks and just because you lost money in that risk, they are not in position to hold your hand until all the answer to your losses is completed.
Lesson 1. Hate to disappoint but the SEC and DOJ do not take orders from a bankruptcy judge and no judge would order it. feel free to sue the SEC for this however - as in YOU convince a judge the SEC is being negligent in protecting your assets.
Lesson 2. The world does not revolve around people with a conspiracy theory they want proven correct. before you get off start it is the responsibility of the conspiracy wingnut to show cause for effort - you have shown none.
I am impressed. Now, should the courts simply follow the whims of every conspiracy theorist that comes in offering absolutely NO EVIDENCE? The courts require accusers to provide some level of evidence to support further impositions on others. Courts are not fishing expeditions. This memo and the request to the judge is asking the courts to go on a fishing expedition because a group of wingnuts believe something may have taken place but have no proof it. did you prove that the federal authorities are holding your evidence hostage? demanding somebody else spend capital to appease your whims is not what a court does. you want a share count - go out and get it just like CMKX shareholders did. Notice what that got them.
I suggest you research that case more carefully. Nothing was ever presented to the courts in proof, the verdict was a default verdict when the defendants were no-shows. They were no-shows because they planned on paying nothing. Like SPNG, it was a complete fraud.
I would say that the PR was laughable but in reality it is extremely sad. It is a PR released by a delusional shareholder and not by a reputable or impartial media representative. The individual that released this hasn't the courage to identify him/herself.
As a matter of correction, shares issued illegally by the company are not counterfeit shares, they are unregistered shares.
I have no interest in talking with Todd.
Looks like they slammed together some phony website that simply regurgitates their promotional PR's. The resume of Ault still claims all this vast O&G experience and yet he is interim CEO because he lacks qualified O&G experience.
The financials they put up are for 2009. What about 2010? Oh yea, they haven't filed them despite the promises. Impressive.
As for a website that reveals anything new to investors, those section are "Under construction" like the rest of their business.
dog..BEDA became ZICX. same old fraud, different symbol. interestingly enough they changed the symbol but the DTCC trade restriction was not lifted. imagine that.
Since PPS has nothing to do with running the business, does anybody know exactly what Graham is doing about running this POS business? He can report revenues and contracts can't he, even while he tries to convince the SEC he is not a fraud.
tavy, is it true that the lack of volume and the crash in PPS is all your fault? I didn't realize you had such control over a nation of investors. You must be a very important person.
but so many lauded his qualifications when he took over for Rainbolt.
Until Corestream becomes fully compliant with audited financials I see this being nothing more than a P&D play. Hopefully they get a real auditor and not some hole in the wall gang that is willing to overlook certain things.
Yea...good luck
really? This stock is accumulating 20% profits per week? And the stock is down huge for the month of March.
Interesting how the majority of companies can put our info on at least a quarterly basis and yet this company can ONLY put out fluff and BS press releases. With relatively no volume or shareholder interests, it amazes me the volume that takes place coinciding with a BS PR. You really have to wonder who even sees the fluff.
I amused at the discussions regarding Ault. he was a pure scumbag and then they brought in Rainbolt and HE was the savior. Problem was, Rainbolt failed to perform as he promised and low and behold, Ault comes back, Rainbolt is out, and the scumbag is now a reformed savior with 22 years of successful o&G experience. Except he didn't, which is why only 2 months later the O7G expert is not so much an O&G expert and needs to be replaced again.
I only wish I say the terms of each one of these changes in executive positions.
Funny how this great opportunity can't seem to get an executive team to work out but the company itself is going like gangbusters. maybe every company should have a monthly cycle of executive staff using the Corestream success model.
It was previously reported that CoreStream Energy restored relationships with some past investors. The Company exercised an offer received from one hedge fund to provide funding for operations starting with an initial small amount. More information related to this activity will be disclosed in the Subsequent Events section of the Company's next financial filing expected by the end of April.
While the new CoreStream Energy website was forecast to be live by now, it is expected to be available in the near future and will allow the Company to keep its shareholders updated on progress that doesn't necessarily command a press release.
The Company announced today that Milton C. Ault, III has transitioned to Interim CEO from CEO. The Company's Board of Directors acknowledges Mr. Ault's knowledge and experience will continue to be instrumental in resolving legacy debt and issues and leading CoreStream Energy's future commodity trading efforts. The Board of Directors understands that the growth of CoreStream Energy is dependent on retaining a CEO with more experience in oil and gas production and operations. CoreStream Energy believes this change hallmarks its efforts to transition the Company's focus from the past to concentrate on its core business model and its future.
funny, he says that and yet shares keep hitting the street without any settlement issues. Somebody is selling good stock.
i hope it lasted long enough to sell some useless stock at a premium.
when what you have is land that needs work to get to the product it is not worth a lot. factor in the 8 years before you can sell the product, and rely solely on the bigger partners to line up in the cue to get this operational, your value is deteriorating fast. anybody care to bid on what oil and gas will be in 8-years?
What a POS this stock is. i just can't understand what anybody sees in this company.
who says they actually gave them money first?
without looking at the books there is no telling how money flowed between the various entities. for all we know they received and sold shares before putting up any. the fact that they controlled both and had corrupt accountants could easily explain how phony books were made.
yea that is about it - and with big liabilities.
They paid out more shares? how do you know that? was there a filing? how many shares since dilution impacts all future PPS. Dilution lasts forever.
trash burning....this company is a fraud and it is about as clear to see as any other fraud. Why are all the dealings these people have with their own POS companies they operate on the side. Why don't real companies do business with them? Answer - NO PRODUCT.
what a great bargain. It looks like these executives are priming the market for the next great pump. They have shareholders are primed for being oversold/manipulated so that they will buy into the next pump they create. I wonder how many more people will be buying up the overpriced stock (like those that bought this pig in the mid 20's earlier this month).
My number was an analogy. The shares were not sold at that one price and...money was spent to create the illusion.
Don't expect that moskofraud still has the money or those he paid to orchestrate this still has the money. The money is spent and/or hidden.
Most of the money you address is gone and there certainly is not enough left to pay back all creditors. Having 2 billion shares at $0.28 and selling 500 million into the market and driving it to $0.18 is not a disgorgement of 2.5 Billion times $0.10 it would be 500 million times $0.10. the markets (shareholders) always lose more than the crooks gain and the regulators only go after what THEIR profits are not what the sum total losses are.
Yea, it was all manipulation. those short sellers shorted 78% of $500.00 today in those *hostile* trades.
what was the total trade value today? $400? My bet is that the first trade of the day was a spiteful one of nominal value at best. Care to explain why the exph long bought such a small amount of stock?
as for today's tape/trades ~ i know that 2 trades
are *legit* .. now i want to see what shows via daily reg sho
Does ETMM still allows buys in this pig? If not that could certainly explain things.
As for reading about the trades, did you ever find any documents explaining how a trade is executed or routed? Maybe some insight on how a trade is reported into the markets. it is not reading that counts, it is reading materials that matter. Reading Trade volume reports and trade breakdowns are meaningless if you don't understand what exactly the data means. IMO of course.