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The SEC has a Microcap Fraud Working Group
https://investor.gov/investing-basics/avoiding-fraud/types-fraud/microcap-fraud
Here's a release on some of their recent activities
https://www.sec.gov/news/pressrelease/2016-265.html
"Company extended the acquisition to on or before Feb 28 so there wouldn't be another delay. "
Very Smart move...
Delay the fake deal to attract more bag-holders.
Gives the company time to dump more shares at a rate of 200 million per month.
SCAM
This Ticker can get halted any day and then your shares cannot be traded till the greys.
Not a safe trade
Agree 100%
This is nothing more than a dilutive scam run by a crooked CEO.
Previous fraud chargers say it all.
(See end of post for details)
Better to salvage what you can when you can.
Currently dilution is at a rate of 200 million shares per month.
------------------------
Past allegations of FRAUD against Kurt Neubauer CEO of MMEG...
Quote:
7. On or about April 1, 2010, Planet issued a Letter of Intent to Weisenberg and Inspar
wherein Planet proposed to purchase 100% of the interest of the Inspar companies (including the
Intellectual Property) in return for 15,000,000 shares of Planet Common Restricted Stock. In
connection with this transaction Planet was to sell to Weisenberg 15,000,000 of the Planet
Common Restricted Stock, and Weisenberg Was to execute a new three (3) year Employment
Agreement becoming the President/CEO of a newly formed subsidiary (Inspar Robotic
Technologies, Inc. ("IRT")). A copy of the Letter of Intent is attached hereto as Exhibit "B"
8. On or about April 15, 2010 an Asset Purchase Agreement was entered into by Inspar,
Weisenberg and Planet, a copy of which is attached hereto as Exhibit "C". Additionally,
Weisenberg and Planet entered into the Employment Agreement contemplated by the Letter of
Intent making Weisenberg the President and Chief Executive Officer of IRT.
9. In entering into this purchase and sales agreement, the Plaintiffs relied upon a number of
representations made by the defendants (through press releases and direct statements of
Neubauer) regarding the value of the stock, the transferability of the stock, the performance of
the company, the plans for future growth of the company and its subsidiaries, and the company's
relationship with other subsidiaries.
10. Contrary to the continual representations made by Planet to Weisenberg regarding the
strength and viability of Planet, shortly afler the closing of these transactions, the Plaintiffs began
to learn of facts and circumstances wherein Planet and its management (including Neubauer)
engaged in a series of wrongful acts. These acts included a fraudulent scheme of misstatements
and omissions to the investing public and the Plaintiffs regarding the viability of Planet, non
disclosure that Planet was uninsured, along with unregistered non-exempt offerings of security,
mail and wire fraud, and potentially illegal payments to investor relations persons. This
fraudulent scheme was uncovered after a review of documentation including Pink Sheet reports
and filings, corporate filings, asset and property records, investor relations material and third
party websites. These misrepresentations, and/or omissions of material fact, were relied upon by
the Plaintiffs and induced them into this transaction for the purchase and sale of securities.
11. Specifically, the Plaintiffs learned that the Defendants issued false press releases
regarding contracts in order to escalate the value of the stock. For example, the press releases
spoke of the strength of Planet's relationship with a subsidiary called Rada Technologies Inc. It
was later discovered, as it was not disclosed in Planet's SEC filings, that the former owners of
Rada initiated multiple lawsuits against Planet and Neubauer in Federal Court. The parallels
between the complaints filed by the former Rada owners are incontrovertibly similar to some of
those as posed in this complaint.
12. The press releases also specifically spoke of the value of the PetroLuxus technology and
the proprietary nature of this product. There were a number of press releases, particular those
issued on July 19, 2007, August 2, 2007, January 18, 2008, February 14, 2008, May 31, 2008,
June 17, 2008, July 8, 2008, and March 3, 2009, that spoke of the value and functionality of this
technology. However, it turned out that these press releases were filled with false and misleading
information. These press releases contained false information regarding the past functionality of
the technology, the formulation and its uniqueness, the development of the product and the
marketing of the product, sales in Nigeria and Canada, and the revenues generated from the
technology. All of this was done to artificially inflate the value of Planet and its stock. The press
releases contain numerous examples of the fraud perpetrated by the Defendants.
13. It was later learned by the Plaintiffs that Petroluxus has identical chemical formulation
and functionality resemblances to a product developed and marketed as Diamond Fl0â„¢ by a
corporation named Sequoia Interests Inc. In March of 2007 an article disseminated by Neubauer
stated that he as well as other current Planet officers previously worked for Sequoia Interests Inc.
Remarkably Planet's Petroluxus registered trademark and the registered trademark of Sequoia
contain the exact same artwork. This subsequently realized information would lead a prudent
person to seriously question the 'proprietary' nature of Petroluxus's functionality, chemical
formulation and patentability as Neubauer and his management team touted for the past four
years. Incidentally, Sequoia Interests Inc. was named in a complaint filed by the SEC on
February 6, 2006 which involved stock manipulation and for "issuing press releases that
contained materially false information in order to mislead people into buying stock." The
Catalyst Group Inc. was the media relations firm for Sequoia. The Catalyst Group was/is owned
by Enrique Salinas the current CCO of Planet. Sequoia Interests is a wholly owned subsidiary of
Baby Bee Bright Inc. In. 2005 Baby Bee Bright Inc entered into a contract with Amerivestors Inc,
a corporation who's director wass Kurt Neubauer, "to elevate Baby Bee Bright Corporation into
the public domain." Amerivestors was compensated with cash and stock in Baby Bee Bright
pursuant to a an Amerivestor's press release dated July 15, 2005. The aforementioned abstract of
the undeniable intertwining of these corporations and their products is only a ripple in the pool of
players in this series of fraudulent schemes, non disclosures and misrepresentations.
14. As yet another example, on August 11, 2010 and a September 1, 2010 press releases
wherein the company boasts about PetroLuxus PE, and describes a patent application
concerning, "Remediation of Metal Contaminated Water with Hydrogen Sulfide" and "Treatment
of High Paraffin Content in Well Bores" respectively. In the August 11th release Neubauer is
quoted as stating, "The filing of this patent is a milestone for our company. This is the first of
many pending technologies we intend on filing for patent protection." What the company failed
to disclose is that the specific patent applications related to a basically non-patentable processes
and as such, the company had knowledge that their application would never result in the issuance
of any patents pursuant to the regulations of the United States Patent and Trademark Office. In
other words, the company simply filed out the "provisional" applications (a very simple process,
usually done online and without any of the formal requisites of a on-provisional patent
application) as a basis to defraud the investing public by creating a false appearance with regard
to the future value of a patent, when, in reality, the patent application had no real value as there is
no such thing as a provisional patent. In fact, Planet never intended to conduct any legitimate
business as a result of these patent applications. This September release serves as further
evidence of the ongoing fraudulent scheme to boost Planet's stock value and defraud investors
like the Plaintiffs.
Just like Neubauer and Momentous Entertainment (MMEG) never intended to purchase the garbage VZ Network Holdings/Poolworks...in my vastly-studied opinion.
Excellent factual post !
2017 will be a great year for $DLCR
Nice to see you here Janice !
That pretty much confirms this to be a genuine 100% scam.
This one needs to be HALTED pronto !
Nice OS !
Not like some scams out there (aka MM$G) diluting 200 million per month !
Warren said he will address future impact of dilution.
From there website
Common Shares Outstanding
As of 12/23/2016
481,309,319
Over 700 million shares traded since the 23rd !!!
Ask them to update the OS number
OS is much larger now !
Agreed
52 million shares traded today and 11% down
Trips next week as more become aware of this CEO scammer.
Criminal activity going on here
SEC investigation
Not a matter of if, just when
There is no deal
Fraud
Sec investigation possible
1 million sell at .0011 followed by a 100 share paint at .0012 lol
Manipulation to keep the stock looking better than it is while smart people get out ...
Smart money is getting out before no bid and RS or sec suspension
Take your pick
Full Fledge SCAM here
Nope
Continued daily dilution = low trips here
Consolidation lmfao
More like massive dilution
200+ million in a month
Now going for its next 200 mil
Trips inevitable here.
No bottom on massive dilution
.0011's now
Trips just around the corner
Dilutive scam being run by a corrupt CEO
SEC suspension can come at any time
We have had revenue since middle of 2015
The newer additional revenue will show next quarter which will cover till end of 2016
I can confirm everything in that post
2017 will be good for us
Yes a majority of the trades RED
Reversal LMAO
6 of the last 13 trades were 100 share paints to prevent a RED close
Clear manipulation trying to keep the reality that this is going to trips.
Over 200 million in dilution in 1 month spells SCAM ...
CEO is a known fraudster
If the SEC investigates this criminal CEO, it will be done so in private.
How SEC Investigations Work
The Division obtains evidence of possible violations of the securities laws from many sources, including market surveillance activities, investor tips and complaints, other Divisions and Offices of the SEC, the self-regulatory organizations and other securities industry sources, and media reports.
All SEC investigations are conducted privately. Facts are developed to the fullest extent possible through informal inquiry, interviewing witnesses, examining brokerage records, reviewing trading data, and other methods. With a formal order of investigation, the Division's staff may compel witnesses by subpoena to testify and produce books, records, and other relevant documents. Following an investigation, SEC staff present their findings to the Commission for its review. The Commission can authorize the staff to file a case in federal court or bring an administrative action. In many cases, the Commission and the party charged decide to settle a matter without trial.
https://www.sec.gov/News/Article/Detail/Article/1356125787012
Endless 13's
100's of million more shares to dump
CEO is a CON
SEC suspension possible here imo
Buy high
Sell low
Blame CEO
How not to invest ...
As has the buying
Trips on the way
No rush
Next 200 mil of dilution will get you trips.
Nothing more than a share selling scam
Excellent DD
Float here is not that large
And Warren told me he will address future dilution as per one of my emails I already posted
Yes
Very sad what peeps will do to get cheap shares.
Buy & hold is the smart thing to do here
Massive dilution killls charts
Over 200 mil in dilution in 1 month equals massive dilution
This CEO needs to be reported to the SEC
The approval of an amendment to our articles of incorporation to increase our authorized shares of common stock from 500,000,000 to 975,000,000. The action will become effective on or about the 20th day after the definitive information statement is mailed to our shareholders.
No increase yet
Over 200 million dilution in a month
What a scam lol
At November 14, 2016 the number of shares of the Registrant’s common stock outstanding was 267,135,483.
Based on volume since then
OS up hugely...
He said keep buying my zero cost shares lmfao
.007 to .001
That says it all
This is a 100% SCAM
Just look at the massive dilution and drop lol
CEO is a fraud no doubt
Revenues since June 2015
Its in the filings
Looks like a buy high
Sell low
Ouch
You need a DEF14c to finalize the AS increase which will have in its filing its effective date.
Delayed filings due to Auditor release further delays any possible dilution.
Only a small note of 25k due Feb.
Float is basically frozen
No dilution is possible
C at .01+
On Dec 21, 2016, at 8:55 PM, Kibush <admin@kibushcapital.com> wrote:
Hi Xxx
Yes confirmed by our attorney
Regards
Warren
-----Original Message-----
From: [mailto:@gmail.com]
Sent: Thursday, 22 December 2016 8:15 AM
To: Kibush <admin@kibushcapital.com>
Subject: Re: 14c question
Warren,
Was I correct?
Regards,
Xxx
On Dec 17, 2016, at 1:18 AM, Kibush <admin@kibushcapital.com> wrote:
Xxx
Good question I will check with our attorney, Warren Sheppard
-----Original Message-----
From: [mailto:@gmail.com]
Sent: Saturday, 17 December 2016 3:48 PM
To: admin@kibushcapital.com
Subject: 14c question
Warren,
Isn't there a DEF 14c required after a PRE 14c to finalize it ?
Regards
Xxx
Looks like 2 tick flippers are out now
Big boys will take this to pennies
"The Company expects to be able to file such Form 10-K no later than fifteen calendar days after its original prescribed due date. "
Only 15 day delay
Considering the sudden unexpected change in Auditor
That's excellent
We r Undiscovered for now...
Market will eventually catch on.
Good point !
Hold for da gold !
That quote was when the float was half of what it is now.
Refactoring current float puts makes it .15
So estimates of .05+ in 2017 is a no brainer for the patient shareholder.
That's 50 bags from current trading levels.
I can wait 6 months or more for 50 bags.