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Irrelevant. Case wasn't heard by an administrative judge.
It was heard in a United States District Court, NOT by an administrative judge appointed by the SEC.
https://www.sec.gov/litigation/complaints/2018/comp24148-bud-genius.pdf
Really, pf. Give up the ghost. RIGH is dead.
You don't really think Angel Stanz and Taylor Moffitt are innocent, do you?
Guess it's true.
It's easier to con people than it is to convince them they've been conned.
Grasping at straws. RIGH is toast.
When both parties agree to a settlement, court approval is a formality at best.
A rubber stamp.
Recent SEC action against an OTC stock fraud:
I followed the RIGH scam for several years, and the SEC finally caught up with them-
SEE: (scroll to bottom for links to case)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145057310
So the SEC WILL go after certain OTC fraudsters, for actions very similar to the misrepresentations Cellucci made.
But I do agree that a class action lawsuit would be fruitless. There is likely nothing to be had from BVTK's coffers, and certainly nothing left after lawyers' fees are paid.
But it's up to shareholders to make their claims known to the SEC, if only to prevent Cellucci from fleecing others.
Also: A respectful email to SEC attorneys might help.:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144964953
And, of course, TenKay's very helpful post:
"Complaints to the SEC "
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144869225
Why does anyone even look at the Breakout Board?
What do they think it tells them?
All it reflects is the ticker that has the greatest percentage increase in IHUB posts for that day.
So if a ticker averages 5 posts a day, and suddenly gets 15, it will be way up there on the BB with a 300% increase... has nothing to do with the likelihood of a "breakout".
smh
RIGH is over. The fraud charges, fines and penalties have been settled.
You ask...
I hope you included TenKay's suggestions...
Complaints to the SEC
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144869225
Especially
Yeah, but... fool me once, shame on you...
Fool me twice... you know the rest.
I'm assuming that was sarcasm...
One day someone will design a sarcasm font...
Here's another link:
https://www.otcmarkets.com/filing/conv_pdf?id=13077335&guid=yDsbUe07ZNUShth
Just a legal formality to notify shareholders of the 1 for 10,000 reverse split.
That BVTK "YIELD", SEC Delinquent on OTCMarkets
A picture is often worth a thousand words...
https://www.otcmarkets.com/stock/BVTK/overview
Guess we'll see how many "greater fools"...
... are out there to bail out the early buyers.
Just criminal.
New to RIGH? Check the SEC FRAUD charges...
...before investing.
Details are in the "Show Intro" button on this board.
And see the "replied to" post:
"SEC finally nails Aaron "Angel" Stanz and BudGenius... "
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141095192
I guess. It's depressing to realize there's that much "stupid" money out there.
Guess PT Barnum was right... there's a sucker born every minute.
So... Cellucci's FOURTH Reverse Rodeo!
He's a Cowboy and an Admiral and an Honorable Lord and a Doctor...
He's a one-man Village People!
Don't forget the Federal Tax LIEN- $800,000+ now?
(With penalties since IHSI last disclosure)
This lien will be assessed against any assets IHSI may accrue.
It's the IRS, y'know. Federal Tax Liens are first in line to get paid when any assets are accrued by the company
And these are PAYROLL TAXES, don't forget- mostly Social Security and Medicare payments withheld from employees' paychecks and meant to be remitted to the Feds, plus the company's own equal share.
A lot of employees must be very upset that their Social Security and Medicare payments weren't made! How irresponsible, if not criminal, is that?
Plus, IHSI owes over $127,000 in Income Tax liability...
From their own 10Q:
https://www.otcmarkets.com/filing/html?id=12392708&guid=Px-bU6GuTlmjBth
Question: To whom are the note holders dumping?
I've seen it happen, but I've never understood that part.
Any "dump" requires a seller and a buyer.
The note holders (or Boltons) would be the sellers, but...
Who are the buyers in this situation?
New retail "investors"?
Thanks in advance.
"...came out ahead" at NO BID?
You could always tell your broker to dump them and take the tax writeoff.
At least it would be something.
Or put them out on the .0001s until end-of-year, and hope someone takes them off your hands. (I can't feel sorry for anyone who buys them at this point, with the SEC fraud charges now public.)
RIGH a Prohibited Service Provider?
https://www.otcmarkets.com/stock/RIGH/overview
Not sure exactly what it means... it may refer to their former(?) transfer agent.
Which would make sense since the TA approved the sale of unregistered securities based on a bogus letter from an attorney hired by Moffitt.
The fool explained the whole process in a video since removed.
But it was something like "...you can get any attorney to write a letter qualifying unregistered shares as registered, and give it to the TA. Costs just a few hundred bucks."
Agreed, Euripedes90. it would be a pyrrhic victory...
...but one worth pursuing if only to dampen his obvious intention to rinse and repeat with DarkPulse (DPLS).
But it's up to shareholders to make the complaints and/or send the emails.
A respectful email to SEC attorneys might help.
It might raise the profile of the BVTK fraud complaints if RESPECTFUL emails are sent to the SEC attorneys who handled the RIGH fraud case.
(Note to mods and admins- these email addresses are public information from https://www.sec.gov/litigation/complaints/2018/comp24148-bud-genius.pdf )
Any such emails should probably contain TenKay's suggestions, i.e.
Agreed FINRA has its problems... complain to SEC.
And FINRA is not the agency of first resort for complaints about COMPANY misdeeds.
An interesting article on FINRA:
Finra: Who's watching the watchdog?
https://www.investmentnews.com/article/20170902/FEATURE/170909996/finra-whos-watching-the-watchdog
For company-specific complaints, as opposed to broker/dealer complaints, you need to complain the the SEC, as TenKay outlined with suggestions for appropriate complaints:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144869225
Example of SEC charging a penny fraudster...
...for making knowingly untrue representations:
The company is RIGH. Read the IHUB intro for more details.
(Not spam... just using RIGH as an example of SEC charging penny fraudsters like BVTK)
Here the charging document:
https://www.sec.gov/litigation/complaints/2018/comp24148-bud-genius.pdf
Here's a summary of the outcome:
The bad news is- even if they charge Cellucci, in all likelihood no money will be returned to shareholders who were defrauded.
But it might deter him from trying this again.
You'd have better luck with the SEC...
They actually charge penny fraudsters for knowingly misleading representations.
And Cellucci has made LOTS of knowingly misleading representations.
Here's the link again...
https://www.sec.gov/oiea/Complaint.html
You can use BVTK's own "News" page to substantiate the many fraudulent claims:
https://bravatek.com/category/press/
Thanks for the news update...
...but it's irrelevant to the non-company RIGH.
Not likely they did that.
But if they did, they should be able to easily reverse it.
You wouldn't have no shares in the IRA, but if you sold them you wouldn't benefit from the tax loss. So talking to your broker would def be a good idea.
No problem. Here's where you can see the trades on IHUB, or at least the last 100 of them:
https://ih.advfn.com/stock-market/USOTC/bravatek-solutions-inc-BVTK/trades
You can get there anytime on IHUB by clicking (on the top ribbon) Tools>DataTools>Trades.
And you can see the VWAP by clicking on "BVTK Detailed Quote" under the regular quote.
https://ih.advfn.com/stock-market/USOTC/bravatek-solutions-inc-BVTK/stock-price
Enjoy!
Corr: 1-for-10,000, of course, not vice versa.
And-BVTK filed to sell 1 BILLION to Triton...
Not to mention the Boltons still need to get paid for Helpcomm...
That AS is gonna get used up REAL fast...
Nothin' plus nothin' leaves nothin'...
"Plus", "from"... same difference!
And the Boltons...
Are they entitled to "post-split" shares also?
So Tommy's purported reason for the 10,000-for-1 ReverseSplit...
is the Triton deal:
BINGO! As usual, TenKay, you called it!
Link to IHSI v TCA Case CACE-18-000934.
Here's a direct link to the whole case that probably won't work because you first have to prove you're "not a robot."
https://www.browardclerk.org/Web2/WebForms/Document.aspx?CaseID=OTkwMDU1NA%3d%3d-NeSMXZrc6VA%3d&CaseNumber=CACE18000934&FragmentID=Mjk4NDU0NDc%3d-Qi9lP3%2f2pvk%3d&DtFile=01/12/2018&DocName=Complaint+(eFiled)&PgCnt=25&UserName=&UserType=Anonymous
But it's worth a shot.
If the link doesn't work, do this:
Go to:
https://www.browardclerk.org/Web2/CaseSearch/
Copy and paste CACE-18-000934 into the Case Number field.
Confirm you're not a robot and click "Search"
Click on the CACE-18-000934 hyperlink on that page.
Click on the 1/12/2018 complaint document icon (25 pages).
For easier reading, click "View All Pages" in the upper-left.
Makes for fun reading.
I particularly laughed at this part:
Besides being funny it makes it pretty clear that TCA didn't even need IHSI to close the acquisition of Cresent.
And if TCA didn't even need IHSI's signature to close the acquisition, how can one reasonably believe IHSI has any claim to Cresent?
Hint- y'can't.
There's lots of other stuff in there that shows not even IHSI believes it has a claim to Cresent.
They (Devon, et al) were foolish enough to sign the closing document based on an email that assured Devon he had nothing to worry about regarding the credit line.
Silly rabbit. Read what you're signing. Never rely on assurances outside a contract.
There's lots more (Kirkland's involvement is suspicious, mis-spelling's may be intentional, etc.), but I've already spent too much time on this nonsense.
Although I enjoyed reading their claims... funny stuff!
Bottom line. They have no claim, nay, they don't even MAKE any claim that they are entitled to ownership of Cresent.
They claim they were misled, and TCA committed fraud, etc:
So let's put that puppy to bed- that IHSI has any claim to ownership or even control of Cresent, for what that company might even be worth (or not).
Lots more detail in the case, but read it yourself, and draw your own conclusions.
My opinion, IHSI stupidly signed a contract (specifically for the LOC) whose terms they later realized were onerous, plus they didn't even get any control over Cresent.
There's no court cure for stupid.
Hope this helps those invested here, both financially and (it seems), emotionally.
I think you meant that the other way around, Burn.
When you said
BINGO! "It's an attempt-by-Devon to hush shareholders..."
And as I said before:
"Enough, already. IHSI does NOT own Cresent..."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143138208
They never did own Cresent and they still don't- they can't even spell it right in the 8K.
Now they're dropping the ruse/scam...
http://archive.fast-edgar.com//20181107/AW2YV22CZC2RV2TN22272MX22VAHZZ22Z2A2/
so.... POOF, imaginary revenues!
"Call it what you will..."
OK. I call it "Pure Imagination".
Hold your breath. Make a wish. Count to three..
IHSI tried the "Cannabis Scam" already...
... didn't go too well:
http://ihsi.qualitystocks.net/presentation/files/assets/basic-html/page14.html
Now they're trying this "revolutionary" energy-savings scam, complete with a company that has "Blockchain" in its name for no discernible reason other than the obvious pump.
Total scam.