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Since he was the CEO of SNRR and the scheme involved SNRR it would be impossible for him to be guilty by association as he would have to be involved in order to use SNRR as part of a fraudulent scheme. Can't use a company to defraud people without the CEO being involved.
What's your benefit exactly???? Assuming Wheeler is guilty as sin, and he is. Are you aware of what it would take to gain control of the shell??? Example: who controls the outstanding, free trading shares? How do you insure that restricted and/or preferred aren't taken off restriction and/or converted to commons and dumped? You would have to gain custodianship of the company which isn't super difficult but the powers if the custodian are quite limited.
Have you looked into any of that???? It's not as easy as just waving a wand and taking over. You'd be getting a damaged, dirty shell that would take tons of cleaning and likely wiping out all current shareholders to start over.
My point is that wheeler has a very documented history of shady behavior and no documented history of success. If one listens to Wheeler then he is a business genius. If one relies on documented proof of his reliability then he is as shady of a con man as you can get. Who on earth would look at the documented proof/evidence which contradicts his own undocumented story and go with his word????
Con men always talk a good game and they rely on you to not go looking for the truth. He is guilty as sin.
Who do you trust more? The words of a known con man or the facts presented by the DOJ??? They don't make that stuff up. The indictment is the result of a thorough investigation and if you spend a few moments researching SNRR you will see that.
Why that rule of basic DD was not done prior to dumping large sums of money in Wheelers lap baffles my mind. It's illogical to say the least.
If anybody here can show me where Wheeler has ever, in his entire life created any sustainable shareholder value in any company he has ever been associated with I will entertain the idea that wealthy investors took a chance on his ability to create a situation where their money could even remotely be called an investment.
If not then it seems as if this story doesn't add up.
Who on earth would invest with Wheeler to begin with?? What has he ever accomplished in business that would warrant giving him access to any money. Doesn't seem logical that deep pockets would ever give that man a second look. Successful businessmen don't invest in obvious scams. The whole idea of there being a group of wealthy people who put any kind of faith in Wheeler seems illogical to me. He's an obvious fraud. 2 minutes of research would have shown that and wealthy businessmen do their homework. That's why they are wealthy. In earring blindly in penny stock scams doesn't make anybody wealthy. Well, unless the investment is a toxic CD deal which would mean the wealthy businessmen understand how the scam penny market works and are simply okay with defrauding common folk.
It's more about people not wanting to admit they were scammed. Much easier to claim his innocence even though it's obvious he is guilty than it is to admit one was so easily duped by a serial con man. Deep down they all know they have been had but it's just not easy to come to terms with ones money being gone, never to return. Believing it's all just a mistake means that money isnt really gone.
Well if his word is golden with you then one can look at the SEC suspension of SNRR for starters. Then look at Wheelers response to it which was him saying he was going to take care if it and get it all cleared up. That was his word. However his actions were to not clear up anything and never speak to his shareholders again. Left them all high and dry. The SNRR board was still active last I knew and nobody, yes I mean nobody had any kind words for him. He made outlandish claims, got the stock suspended and then he ran away. The best trait of a good con man is to get people to trust and believe in them. Never forget that. His track record is absolute garbage. Where is the Poker Pro spokesperson, the restaurants, the wholesale food business??? Where are any of the things he claimed were happening???? Just the current status of one would be a good start???
How about we start with SNRR. Could you kindly tell me what you know about that shell during the period in question that wheeler was running it???
It doesn't matter what Wheeler says. What matters is what he did. So what do you know factually about SNRR?
This shell has been scamming people for years. It's been a total joke for ask long as I can remember. Were you around when they were photo shopping pizza delivery bikes in China????
He will plea bargain, go to prison and that's the end of it. He is guru as sin, he knows it and so does everyone else. Your contention here is that the DOJ are idiots and their federal investigation that resulted in multiple criminal charges is all made up???
Can you explain exactly why the DOJ would make this all up???
We you speaking if your conversation with a man criminally charged with fraud??? You can go to bat for that team all you like. He's a con man. Always has been and always will be. It's the only way he knows how to make money.
He did have some decent plans a few years ago. If defrauding people to the tune of $150 million is considered a good plan lol
Big surprise, Wheeler is a crook. Who really needed a Federal indictment to figure that out???
Yep, get a hold of Troy.
I'm guessing they are doing the old send the water bill to the electric company, the rent check to the water company and playing of off like an honest mistake and they will get a crab check in the mail. It's my belief they will be suspended in the very near future. Then revoked.
Will Monday be the day????? Processor sale or trading suspension???? Doesn't appear the 10-K will be filed. New uber smart CFO doesn't need more time to file a 10-K unless the info is incomplete or there are accounting issues he won't sign off on. It looks more and more every passing day that the filing won't be made of will contain such horrible info that it's being held off until everybody's freebies are sold.
There will be a trading suspension before there is any processor sale. I'm betting the suspension is not far off. The SEC never likes to see a previous violator fall out of compliance, let alone so soon after the settlement. Add in the OSC settlement and you have a pattern of non-compliance. No transparency and no current/adequate info means silly out of date references to revenue increases and other highly out of date data is being used irresponsibly. Bring on the suspension!!!!
I think it's obvious that the hype about interested buyers as well as any claims about the processors ability were all made up to keep the dream alive. No production and no sales equals no way to stay in business.
I sent off my email to my contact at the SEC. I've seen action from them in the past. Both LFBG and PIPI saw suspension and/or litigation. Not at all saying JBII will see the same but having a rusted body at the SEC to correspond with sure beats generic mailboxes and I presented only facts about litigation here for fraud and in Canada, the fact their corporate info in Nevada is over a year out of date, still showing Rauber as President and their current thumbing of SEC rules on their filing make it impossible to get current and/or accurate info. And since they are previous violators in 2 countries it is obvious that fines and settlements did not have the desired effect of forced compliance.
We shall see what transpires from here but I'm convinced there is a very short leash and days are numbered if info isn't released in the very near future.
I don't see a future for JBII in P2O. No money, little to no operations and no processor sales certainly suggest the $60 million spent was done so poorly. If the processor was half as good as hyped then it would be running, making money and other units selling.
Actions always speak louder than hype and the actions associated with JBII are horrific.
It's always been said that money talks and bullshit walks. To date there are no P2O ships, no territories, no areas in Florida, no franchises, no Javco inspired territories in South America or Mexico.
The can't produce the amount if oil at the claimed price, the processor does not run as claimed and nobody who has come along that could legitimize JBII is still around.
There is no reason to believe JBII will ever sell a processor based solely on their statement that there are multiple interested parties. JBII never tells the truth.
By operating in the US do you mean putting out bullshit PR's about selling franchises to people with no money who say they will break ground, they will hire local management, they will do their part to help the environment when they don't even have a processor to put on the site the franchisee with no money can't afford????
Just curious because last time in checked JBII wasn't really doing much. As a matter of fact, nowhere near enough to provide a way to run their own business. No company can operate on earth like JBII because JBII is a broke money drain on all but free share recipients.
Then provide me with the current number of P2O ships, territories, areas in Florida, franchises, P2O farms, Javco provided South American and Mexican sites, number of processors sold etc.....
Everything used to garner interest in this stock in 2009 was a lie so there is no way to utilize that fake interest and create current interest in processors.
Nothing up to now has been factually accurate aside from the fact that they have been able to produce fuel/oil of some kind in extremely limited quantities at immensely higher costs.
Everything else has been total bullshit. If you disagree then Show me some proof. Company PR's aren't proof by the way.
I don't disagree that they have produced some fuel/oil and I won't even disagree with the quality of the product.
Show me the cost to produce it, the sale price and then explain why there are no processors anywhere after the company claimed ships, territories, areas, farms and expansion to South America and Mexico.
Take all the time you need.
Actually I don't dispute that they are a me to produce a fuel/oil of some kind. The dispute is with the claimed numbers that never existed, the perceived interest that never existed, the claimed bear raid crew that didn't exist, the naked shirts which don't exist, the ability of the processor to run efficiently, consistently and at a rate that makes it effective in both a cost and feedstock reduction ratio.
The deception here is not in the ability to produce a fuel/oil. It's all the other lies used to sell free stock and mask all the lies that brought investors to the table. That was and is a concerted effort that continues today and I will say that free shares are directly involved in that level of support.
Well steady would you care if you found out the info you used to buy was bogus, the people who presented that info and encouraged you to buy were recipients if free shares that they sold to you because they knew the info was made up?????
Uh, yeah, everybody will be shocked if that info is ever made public and opinions will change immediately.
Canadian law is probably not admissible here. Don't know for sure but it's doubtful. Again, admitting that his actions were contrary to public interest isn't an admission of fraud. The sad part about settlements is that they stop short of a conviction. He admitted that what he did was a violation and was not good for shareholders.
I think he is alone but when the law is involved a burden of proof has to be established. JB will never be sued by shareholders unless he is charged with fraud and he has sufficient assets for recovery.
If you assume he can't deny wrongdoing that in itself is not an admission of fraud. His stance has always been ignorance. He didn't know he wasn't able to value the media credits at what he bought them for etc....fraud needs proof that he knew what he was doing was wrong and be purposely violated the rules for personal benefit.
Don't get me wrong, I firmly believe that he defrauded investors and funders but believing it and getting a jury to agree is another thing. And a lawyer taking this on a contingency basis would be taking himself out to the edge of a cliff. Most who work on contingency do so only for slam dunk wins. A class action against JB would not be slam dunk material.
You would first have to prove fraud. Seems like it wouldn't be too difficult but they would still have to prove fraud. There are reasons penny stock companies use the protections of certain states laws designed to protect individuals. It's very difficult to pierce. Not impossible but much more difficult.
Once the 14 unnamed individuals are named the covers will be pulled back and the beautiful super model you all thought you took to bed will be revealed as a fat, ugly, unshaven beast.
I can't wait for that. It will be known. JB settled up in canada in order to protect those people. And I'm sure they all still support him based on the fact that they not only made a killing off of those free share but JB has protected their identities. Because if common investors here had a list if who got those shares, who has been encouraging them to buy and when they sold those free shares it would be an entirely different outcome.
That trail of free shares is the JBII Pandora's box.
Historically penny stock investors won't sue and lawyers don't do it on contingency unless there are clear cut liquid assets that would cover the litigation costs. Few pennies have such cash or assets which means lawsuits are funded by investors and even if they win they are unlikely to collect anything other than a moral victory.
Well it looks to me like he got money from investors not funders which means the are still people who believe his BS. Or, in the case of HisExcellency, were able to front load before news of th agreement was released so they could instantly recoup their investment plus a decent profit????
Sounds about right. First rule to understanding penny stock investing. The only people who have no idea what's going on are the common shareholders. Those who do know are the ones making sure the common shareholders don't know by baffling them with lies and inaccurate info.
Well it appears, on the surface, that neither entity had the ability to carry through on their committments. That in itself suggests collusion. But the fact that Hans continued to push others to buy franchises under the disguise that he already has one is a bit strange. The fact nobody else purchased one is also a bit strange and shows that the level of actual interest never matched the hyped interest garnered from those fake press releases.
The PR was written as if all obstacles had already been cleared which was totally misleading, Hans continue Jed on encouraging g others without disclosing he had no ability to purchase his own franchise which is odd to say the least and shady.
JB never mentioned his own company's inability to provide a processor for the deal capable of the claimed returns he said it would generate. That is a little odd and shady as well.
The only explanation is that JB and Hans were working together and that Hans benefited in so e way from the agreement. The time frame is perfectly in line with the illegal share distributions.
You have JB who was in need of legitimacy for a processor that didn't exist and wasn't capable of performing up to his unproven claims. You have hans who created Palm Springs P2O for the some purpose of trying to show legitimacy and interest in a processor that didn't exist and be didn't even have funding to buy if it did.
Why wouldn't JB grease that Palm???? Hans brought many people to JBII and they bought shares. Sad part is that it was more than likely free shares sold to dreamers based on PR'd events that had no chance of ever taking place and the parties doing the encouraging already knew the deal would never take place.
Penny stock 101. Insiders skinning outsiders on a daily basis.
What you need to know is the status if the 10-K because I guarantee the days here are numbered if they don't file. A company already litigated and fined for accounting violations now delinquent in their filing requirements is most definitely loved to the top of the list for suspensions and revocations without allowance for that typical months or years it takes the SEC to act. You just have to know the right people at he SEC to drop that email to instead of the generic mailbox.
How many people do you think have already reported them???
The worst thing they could do is not file and not be transparent with shareholders about when or if the filings will be made. Currently there is transparency and no current or accurate info about JBII.
Which one of those peps won the "name the first JBII tanker" contest????
lol same old same old. Whee are the financials. As soon as your beloved JBII files them we will know. Until then feel free to post a prediction on the loss. It will be massive.
Who else here believes Palm Springs P2O got some of them free shares funneled through JB's kids trust by grandma, contrary to the public interest?????
My hand is up!!!!!!!
Looks like 2 peas in a pod. No ability to provide a suitable processor to the company that had no funding for one to begin with.
Do you think both sides knew the situation the other was in? It's obvious Hans isn't upset with JB so be bad to have known there was no need to acquire funding because there was no processor for his site.
So, it had to be a hatched plan which leads me to believe one of the 14 unnamed recipients of shares was Hans Brost. It's a very educated guess and explains the unwavering support of a man who had no ability to provide a processor to Palm Springs P2O. It's logical because I'd be royally pissed if I incorporated for the sole purpose of creating something the seller had no ability to provide.
As a matter of fact I'd sue like a mofo because it makes Hans like sleazy and appears as if he was in bed with JB cooking up a share selling scheme. Only way I'm not pissed is if I got a fistful of free shares before this ran into multiple dollars.
Then my sleaziness is just refocused on scheming others in the penny stock game of hot potato.
1 question. How is a company unable to get funding on a project that provides an annual return in year one that is greater than any and all startup costs combined allowing the company to be profitable even if paying back 100% of the initial funding within the first year?????
And if no funding existed how can a PR state the word "will" so many times???
will break ground
Will hire local management
Will purchase a franchise
Nowhere does it state that there is no funding for this "dream". As a matter of fact the word "dream" is never mentioned.
Just proof of another shady PR about a project that was made to look like a slam dunk reality but was nothing more than an unfunded dream that never took place because the dreamer didn't even have any sort of funding I place before announcing to the world he will break ground, he will hire local management, he will do his part to help the environment and he will buy a franchise.
JBII in a nutshell. Selling a dream to dreamers!!!!!!!!!!!!
Which makes it look suspiciously as if some of those kidlet trust fund shares went to making that whole fiasco look legitimate.
Then why are they not simply going forward with their agreement to operate a processor, make $1.7 million annually, have JBII still own it and make over $3 million while Getting $400,000 from Palm Springs up front. No need to buy if the agreement that both sides seemed to suggest existed was followed through on.
Win-win both sides make money and a processor runs continuously for potential customers to see.
Or there never was an intention to make that a reality ??? There is a Palm Springs P2O right??? There is a JBII right??? There is a processor available right????
The argument t before was that no suitable processor existed right????
Now one does and JBII must have decided going broke was a better option or the agreement t was total bullshit from the start. Which one was it because it looks really stupid not to go through with that money making venture and choose option B which is to go broke.