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Mark Neuhaus, Chairman reports that he has settled his involvement in the case of SEC VS Universal Express, Inc. ...
TX Holdings/Inc · 8-K · For 11/21/07 · EX-99.1
Filed On 11/21/07 10:23am ET
Exhibit 99.1
TX HOLDINGS CHAIRMAN SETTLES WITH SEC
ABILENE, Texas (November 21, 2007) TX Holdings Inc. (OTCBB: TXHG) Mark Neuhaus, Chairman reports that he has settled his involvement in the case of SEC VS Universal Express, Inc. ...
1. Without admitting or denying the allegations of the Complaint (except as to personal and subject matter jurisdiction, which Mr. Neuhaus admits, and recognizing the adjudicated claim of violation of Section 5 of the Securities Act of 1933, as determined in the Court's Opinion and Order entered February 21, 2007), Defendant hereby consents to the entry of an Order for Permanent Injunction and Other Relief in the form attached hereto (the "Permanent Injunction") and incorporated by reference herein, which, among other things:
(a) permanently restrains and enjoins Mr. Neuhaus from violation of Sections 5 and 17(a) of the Securities Act of 1933("Securities Act") and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5, [15 U.S.C. ss.ss. 77e, 77q(a), 78 j(b) and 17 C.F.R. ss. 240.10b-5];
(b) bars Mr. Neuhaus from participating in an offering of penny stock, including engaging in activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock. A penny stock is any equity security that has a price of less than five dollars, except as provided in Rule 3a51-1 under the Exchange Act [17 C.F.R. 240.3a51-1]; and
(c) finds Mr. Neuhaus is liable for disgorgement and prejudgment interest, and potentially, for civil penalties under Section 20(d)(2)(C) of the Securities Act and Section 21(d)(3)(B)(iii)of the Exchange Act [15 U.S.C. ss.ss. 77t(d)(2)(C) and 78u(d)(3)((B)(iii), 17 C.F.R. ss. 201.1002], but delays determination of the amount of disgorgement, prejudgment interest and the appropriateness and amount of civil penalties, if any, until a later hearing before the Court. ...
(the above is excerpted from the Consent form of Mr. Neuhaus with the SEC)
About TX Holdings, Inc.
TX Holdings is a publicly traded oil and gas production company. For further information, please visit the Company's website at www.txholdings.com.
http://www.secinfo.com/d13ACs.ub8n.d.htm
No surprise Neuhaus would be the first to crack.
LOL-Neuhaus rolls RA. The rats are all leaving in preparation for the indictments
lol Tell me how does Willy make money off his picks when he claims to have a large position but tells his sheep he hasn't sold one share, and to patiently hold? The price then continues to plummet, or in this case with CMKX revoked. So how did Willy the guru profit if he never sold a share? And WHY would anyone follow a loser like Willy?
sounds like the SEC got what they wanted
Yep, Neuhaus will no doubt try to save himself and throw Captain Fluffy under the bus.
wonder how much money he will pay
Most likely not enough.
(b) bars Mr. Neuhaus from participating in an offering of penny stock, including engaging in activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock. A penny stock is any equity security that has a price of less than five dollars, except as provided in Rule 3a51-1 under the Exchange Act [17 C.F.R. 240.3a51-1];
Mark Neuhaus, Chairman reports that he has settled his involvement in the case of SEC VS Universal Express, Inc. ...
TX Holdings/Inc · 8-K · For 11/21/07 · EX-99.1
Filed On 11/21/07 10:23am ET
Exhibit 99.1
TX HOLDINGS CHAIRMAN SETTLES WITH SEC
ABILENE, Texas (November 21, 2007) TX Holdings Inc. (OTCBB: TXHG) Mark Neuhaus, Chairman reports that he has settled his involvement in the case of SEC VS Universal Express, Inc. ...
1. Without admitting or denying the allegations of the Complaint (except as to personal and subject matter jurisdiction, which Mr. Neuhaus admits, and recognizing the adjudicated claim of violation of Section 5 of the Securities Act of 1933, as determined in the Court's Opinion and Order entered February 21, 2007), Defendant hereby consents to the entry of an Order for Permanent Injunction and Other Relief in the form attached hereto (the "Permanent Injunction") and incorporated by reference herein, which, among other things:
(a) permanently restrains and enjoins Mr. Neuhaus from violation of Sections 5 and 17(a) of the Securities Act of 1933("Securities Act") and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5, [15 U.S.C. ss.ss. 77e, 77q(a), 78 j(b) and 17 C.F.R. ss. 240.10b-5];
(b) bars Mr. Neuhaus from participating in an offering of penny stock, including engaging in activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock. A penny stock is any equity security that has a price of less than five dollars, except as provided in Rule 3a51-1 under the Exchange Act [17 C.F.R. 240.3a51-1]; and
(c) finds Mr. Neuhaus is liable for disgorgement and prejudgment interest, and potentially, for civil penalties under Section 20(d)(2)(C) of the Securities Act and Section 21(d)(3)(B)(iii)of the Exchange Act [15 U.S.C. ss.ss. 77t(d)(2)(C) and 78u(d)(3)((B)(iii), 17 C.F.R. ss. 201.1002], but delays determination of the amount of disgorgement, prejudgment interest and the appropriateness and amount of civil penalties, if any, until a later hearing before the Court. ...
(the above is excerpted from the Consent form of Mr. Neuhaus with the SEC)
About TX Holdings, Inc.
TX Holdings is a publicly traded oil and gas production company. For further information, please visit the Company's website at www.txholdings.com.
http://www.secinfo.com/d13ACs.ub8n.d.htm
Thanks hasher! I thought it was Johann. Years ago we were in Austria and watched a Hogan's Heros sort of rip off show. Can't remember the name of the show but, even though we couldn't understand the language very well we laughed like crazy. Maybe that is where I picked up the Johann. We stayed in a blazing hot loft flat with no AC and sometimes during the day we would escape to the Hapsburg's Crypt to cool off. lol
was actually called Sgt. Hans Georg Schultz.
John Banner died at 63 in his native austria in 1973
Willy wants to have his cake and eat it too. When he begins the pump he has the highest impeccable sources. When the dump is over and the SEC starts breathing down his neck, he turns into the cowardly Sergeant Johann Schultz, "I know nothing"! At least that is how he portrays himself on message boards.
Investors should educate themselves on how the Willy Wizard's actually make their money when they claim to be a large shareholder in these stinky pink pump and dumps they promote, imho.
This is hysterical!
Willy has been threatening to turn people into the SEC for months now, mostly because they are critical of his pump and dumps, and now the hypocritical cry baby is moaning about others filing SEC complaints against him! I guess SEC complaints against you are not cool after the SEC summon you with a subpoena.
Also, Willy stopped hyping on the RB GBDX board. Great timing since GBDX is currently being flushed down the toilet. If only Willy's stock picks had that same timing. lol
http://ragingbull.quote.com/mboard/boards.cgi?board=GBDX&read=5095
By: the_game132
19 Nov 2007, 05:45 PM EST
Msg. 5095 of 5097
(This msg. is a reply to 4929 by raginganny.)
Hal a.k.a Willy Wizzard, why do you berate others and whine when somebody does it to you?
WillyWizard.com L.L.C./Hal Engel informs all readers, including the SEC, that internet threats are always taking place. Recently I have been stalked at RB and a call was made to my house warning me not to write articles about internet hype and pump and dumps. My articles are posted all over the internet by many readers. Many are afraid I might use their sites as an example. My address was also used in a post at Raging Bull in an attempt to intimidate me. I was also threatened to be turned into the SEC. Threats like this are a common occurrence at Raging Bull. This web site owner would like to see the SEC pay closer attention to this type of activity. Why would an individual turn in someone unless there was a vendetta or if they have something to hide themselves our someone trying to
http://www.willywizard.com/willy_main.html
---------
By: boo127tx
19 Nov 2007, 06:16 PM EST
Msg. 5097 of 5106
These are just a few of the companies that pay ole harry for his scams~~~~I yhink I shall pay them myself~~~~a visit....boo Compensation only listed :
The Publisher has been compensated five thousand dollars from Pentony Enterprises, LLC for a one month UVSE image marketing ad at WillyWizard.com.
UDSG: The Publisher has been compensated two hundred twenty five thousand free trading shares from Regal Capital Group LLC for a three month USDG image marketing ad at WillyWizard.com
DNHA: The Publisher, its affiliates, officers, directors, subsidiaries and agents (collectively, the "Publisher") of this image marketing advertisement have been compensated two thousand five hundred dollars for a one week DHNA image marketing ad at WillyWizard.com. Profile is over.
BTEM: The Publisher, its affiliates, officers, directors, subsidiaries and agents (collectively, the "Publisher") of this image marketing advertisement have been compensated two thousand five hundred dollars for a one week BTEM image marketing ad at WillyWizard.com. LLC. Profile is over.
RCAU: The Publisher, its affiliates, officers, directors, subsidiaries and agents (collectively, the "Publisher") of this image marketing advertisement have been compensated one thousand dollars by Independent Investor Edge Inc. for a one day RCAU image marketing ad at WillyWizard.com. Profile is over.
TAKDF: The Publisher, its affiliates, officers, directors, subsidiaries and agents (collectively, the "Publisher") of this image marketing advertisement have been compensated four thousand dollars for a one month TAKDF image marketing ad at WillyWizard.com. In addition three thousand dollars has been received to continue the TAKDF profile for an additional month
--------
By: boo127tx
19 Nov 2007, 06:31 PM EST
Msg. 5098 of 5106
(This msg. is a reply to 5097 by boo127tx.)
just as I suspected~~~~willy/harry/hal engal appears to have burned each and every thing he touches~~~~even the racu one is under sec investigation~~~~way to go harry~~~~batting a 1000%~~~~anyone here want to compensate old harry to promote your stock?lololol~~~~did not think so....boo
(Voluntary Disclosure: Position- No Position)
By: skullduggery
19 Nov 2007, 04:46 PM EST
Msg. 5093 of 5106
TYPICAL WILLY- BASH ANOTHER COMPANY- IT GOES UPPPPPPPP!!!!!!LMAO
-------
By: skullduggery
19 Nov 2007, 06:51 PM EST
Msg. 5099 of 5106
ROFLMAO- and hes bashing one that is now pinksheet compliant.DKGR
By: raginganny
19 Nov 2007, 06:31 PM EST
Msg. 732 of 732
(This msg. is a reply to 731 by farmerjohn101.)
Jump to msg. #
They are not fully reporting! Looks like hired posters to me.
-------------
By: tacoz
19 Nov 2007, 07:01 PM EST
Msg. 5102 of 5106
(This msg. is a reply to 5098 by boo127tx.)
He has the anti-midas-virus- everything gold that he touches turns into garbage!
Yeap, and some of them turn out to be disappointments.
I guess everyone was busy watching football games
Imagine the finger pointing when the depositions are revealed in the CMKX saga!!!
'Racetrack Girls' founder says stock scheme sank video venture
08:26 AM CST on Monday, November 19, 2007
http://www.dallasnews.com/sharedcontent/dws/news/localnews/stories/111907dnmetnascarday2.2555b61.html#
By MICHAEL GRABELL and BRENDAN M. CASE / The Dallas Morning News
mgrabell@dallasnews.com; bcase@dallasnews.com
Last of two parts
NOTE: Click on numbered footnotes to view sourcing for this report.
KEMP, Texas – In this Kaufman County ranching town between Gun Barrel City and Styx, up a gravel driveway at a baseball field, amid the flies and the July heat, John Eckerd digs through a burnt orange Dumpster. 1
JIM MAHONEY/DMN
"Racetrack Girls Go Nutz" creator John Eckerd says he was the victim of a stock-selling scheme orchestrated by a group of attorneys and business consultants now being investigated by the SEC.
It is a last-ditch effort to save his ticket to the big time – a Girls Gone Wild-style video filmed at NASCAR races called Racetrack Girls Go Nutz.2
For so long, it seemed nothing could bring down Mr. Eckerd. Not being thrown out of NASCAR tracks when a film crew showed up with an emcee dressed like a pimp. Not the lawsuits from investors who accused him of fraud. Not the arrest on hot check charges. Not bankruptcy. Not the flak he took when he helped organize a protest against racism in NASCAR. Not even the allegations of extortion.3
Now, he had been undone by a single piece of paper – a faxed stock tip that jeopardized the Addison company he helped start, Consolidated Sports Media Group, and made him wonder if his own lawyer had been working with others to cheat him and average investors out of millions of dollars.4
Mr. Eckerd had come here on a hunch that the Dallas businessmen who helped take his venture public were trying to cover something up. 5
Also Online
Part 1: 'Girls Gone Wild'-meets-NASCAR dream vanished in web of scandal
Biographies of company associates, investors
Video: Edited version of a commercial used to promote Girls Go Nutz
Graphic: See the connections that formed Consolidated Sports Media Group
After staking out the woman who handled the company's paperwork at her home in Kemp, Mr. Eckerd and his private investigator followed her husband to the baseball field and watched him throw something in the Dumpster.6
After the man left, Mr. Eckerd's private investigator reached in and pulled out three or four bags. He ripped one open.7
Inside was a cardboard box from the company's lawyer and the corporate record book for Barcode Enterprises.8
Mr. Eckerd knew little about the mysterious Nevada shell company that had been used to take the Racetrack Girls venture public. 9
But the book would be a decoder for Mr. Eckerd to piece together what he says was a massive scheme by his lawyer and others to fabricate corporate records, manipulate stock prices, dump millions of shares on average Joe investors and funnel the profits to offshore trusts. 10
"I can't explain the amount of pressure that one feels," Mr. Eckerd said. "But there were growing signs that we had been sandbagged by our own lawyer."11
As he dug on that summer day in 2005, unknown to Mr. Eckerd, numerous companies that had used the lawyer and consultants were already drawing scrutiny from the U.S. Securities and Exchange Commission. 12
The SEC investigation into a Dallas-based penny stock network dubbed the "shell creation group" remains open two years later, and no one involved with Consolidated Sports has been charged with a crime. 13
But the lawyer, Phillip Offill – a former SEC attorney at the time representing Halliburton at Godwin Gruber – has been sued twice by the SEC in recent months, accused of violating federal securities law and participating in a penny stock scam.14
He has denied wrongdoing in both cases. And he and the consultants say they were the victims of Mr. Eckerd's own mismanagement and misdeeds. 15
The sudden rise and fall of Consolidated Sports is typical of many companies that trade on the penny stock market, which some have deemed "Wall Street's Wild West."16
While many penny stocks are legitimate, there is an underworld, an Internet Las Vegas where millions can be made overnight, where spikes in stock price often have nothing to do with the economics of a company, but with bursts of junk faxes and spam.17
It is a world increasingly accessible to ordinary Americans, with the ease of online stock trading and the flood of spam investment tips. It is also a world of growing concern to regulators, as securities lawyers have lined up legal shortcuts allowing shareholders to trade stock with few of the rules required by companies such as Exxon Mobil and Dell. 18
As a result, rogue gangs of stock promoters are making millions every year. And thousands of small-time investors are each losing thousands, simply chalking it up to the gamble of the stock market. 19
"I purchased 11,000 shares for about $5,000, and it went up and it went up and then it tanked," said Richard Gottfried, a Consolidated Sports investor.20
His shares are now worth a total of 1.1 cents.21
Was Consolidated Sports a victim of one of these gangs?
Shell of a company
To answer that question, Mr. Eckerd turned to the corporate record book.
The origins of Barcode Enterprises are somewhat fuzzy. It was incorporated in Nevada, in 1998 by a friend of Tulsa attorney G. David Gordon. Some have called Mr. Gordon one of the smartest securities lawyers in the country. Others have called him a mastermind of the pump-and-dump stock fraud scheme.24
What exactly Barcode was formed to do is in dispute. But no business plan was ever executed, and Barcode remained a shell of a company – having shareholders but no business.25
Such shell companies can provide an easy and cheap way for a private company to go public without the more cumbersome process of applying to the SEC for an initial public offering.26
A private firm can slide into the shell, change its name and quickly begin trading on the stock market.27
But according to lawyers hired by Consolidated Sports after it went bust, Barcode was simply a sham.28
By the time Mr. Eckerd first heard of Barcode in June 2004, the people behind it – Mr. Gordon and his business partner Doyle Mark White of Colleyville – had acquired checkered reputations. 29
Mr. Gordon was being accused of stock fraud by his brother and father in a messy court battle over his brother's jewelry business, which was later dismissed.30
Mr. White had been fined by the SEC and suspended from being a stockbroker.31
According to Mr. Eckerd and others behind the Racetrack Girls videos, their attorney, Mr. Offill, knew he was setting the company up for a scam when he introduced them to Barcode.32
Mr. Eckerd had turned to Mr. Offill to raise money for the video venture. After spending 14 years as an attorney for the SEC, Mr. Offill was now representing a big-time company, Halliburton, for a big-time law firm, Godwin Gruber.33
The plan was for the Racetrack Girls enterprise to slide into the Barcode shell through a series of transactions – a legal shortcut known as a reverse merger. They would use an exemption to SEC regulations intended to open the stock market to small-business men. 34
But the exemption is often abused by companies who want to avoid scrutiny. In pump-and-dumps, a company can go public quickly, hype the stock price without disclosing critical information and dump its shares in a matter of months.35
In July 2004, Barcode changed its name to Consolidated Sports. 36
The chief executive officer – Mr. White's Baptist pastor – would step down and transfer his shares to Mr. Eckerd's business partner, a former Jiffy Lube manager named Scott Schepper.37
On paper, Mr. Eckerd would appear to have nothing to do with the company, a decision that would complicate matters to the end. 38
Filling in the blanks
With the deal in place, someone needed to put the paperwork together. Barcode's corporate record book was missing a lot of information – including who the shareholders were and what happened at annual meetings. 39
Coppell accountant Mark Lindberg, who specialized in taking companies public, was brought into the deal. And he turned to his former secretary, Chasity Thompson, who now ran a consulting business in the Uptown gallery district.40
Ms. Thompson wrote into the record book that on Nov. 18, 2001, Barcode had issued 3 million shares to five investors – all of whom were tied to Mr. White and Mr. Lindberg.41
The date is important. Usually, insiders in companies receive restricted stock, meaning they can't sell it right away.42
But Barcode and Consolidated Sports used an exemption that allows certain investors who have held the restricted stock for at least two years to freely trade their shares without filing reports with the SEC, going through a broker or announcing the sale to regulators. 43
If the date was correct, it would allow the five investors to sell their shares immediately after Consolidated Sports went public instead of holding them long-term to see if the company succeeded. 44
Consolidated Sports' attorneys allege that the book was fabricated to qualify for the exemption. The five investors had nothing to do with the company and were merely holding shares for Mr. Offill, Mr. Gordon and their friends, they say.45
In depositions taken last summer, the purported Barcode shareholders gave testimony supporting the attorneys' allegation.
• Mr. White's Baptist pastor said he didn't even know he was CEO of Barcode until 2003 or 2004 and didn't recall convening the 2002 and 2003 annual meetings described in the book.47
• Another shareholder, Jason Freeman, said he had never heard of Barcode either until 2003 or 2004. Back in 2001, he was working at Enterprise Rent-A-Car and didn't know any of the people supposedly involved in the deal.48
• Two companies listed as shareholders didn't even exist in November 2001.49
If the investors actually received their shares in 2004, right before the merger, it would be illegal for them to sell them as quickly as they did.50
Connected colleagues
For a while, Mr. Eckerd's deal with Mr. Offill seemed to work as planned. In July 2004, hundreds of thousands of dollars from the stock offering were wired into Consolidated Sports' bank account. That allowed the film crew to shoot more footage and promote the Racetrack Girls videos.51
But what Mr. Eckerd didn't know at the time was that the consultants and investors who helped take his company public had known each other for years.
Several had been brokers for Mr. White's brokerage firm, including the investor who introduced him to Mr. Offill and Joshua Lankford, a stockbroker at Oak Lawn brokerage Barron Moore who was tapped to raise money for Consolidated Sports.53
Mr. Lankford also was a former business partner of Mr. Lindberg. They started one of the companies listed as a Barcode shareholder. Ms. Thompson and Mr. Freeman were their employees.54
Some investors and consultants had been clients of Mr. Offill. 55
But Mr. Eckerd said he didn't know about these connections when the stock split in July 2004, increasing the shares of the five initial Barcode investors from 750,000 each to 6.25 million each. 56
In most cases, such a split would deflate the value of the shares. But if the stock price could be inflated with a junk fax, the split could mean huge profits for those who held them.
What happened next was a series of unexplained stock transfers to several companies, where who's really in charge is often hard to decipher. Millions of shares were transferred for little or nothing in return.58
For example, in September 2004, Mr. Lindberg transferred nearly 6 million shares, worth about 20 cents each or about $1.2 million, to two offshore companies – Putnam International Consulting and High Charm Limited. Mr. Freeman also transferred 3.5 million of his shares, worth about $700,000, to High Charm.59
According to the SEC, the two companies, managed in London, have profited off junk faxes in the past. Putnam, which according to its attorney is based in Mauritius, an island off the coast of Madagascar, has even appeared on a fax saying that it had paid for the promotion. 60
The SEC has linked the two companies to an international businessman whom Mr. Lindberg met in the late '90s while working for a Web company. The businessman couldn't be reached for comment, and Mr. Lindberg said in a deposition that he couldn't recall why those companies ended up with most of the shares.61
After giving up a total of 6.2 million shares, worth more than $1.25 million, Mr. Freeman testified that he didn't recall receiving anything in return.62
Consolidated Sports' attorneys would rake him over the coals for this in a deposition.63
"You transferred stock worth roughly 10 times more than your current net worth to High Charm Limited in London, England, and you don't know why?" asked attorney Lewis Sifford.64
"That is correct," Mr. Freeman replied.65
With the free-trading shares now offshore or in companies not directly associated with the people who brokered the deal, it would be difficult to track who was profiting if the companies sold their shares.
Fax and figures
Talk of a fax promotion appears to have started on Oct. 6, 2004, when somebody faxed a draft from Barron Moore, where Mr. Lankford worked, to Mr. Offill at Godwin Gruber.67
"NASCAR has the largest fan base in the world whom spend millions up on millions of dollars every year on merchandise!! NOW they will go nutz to buy this New Release "TRACK Girls" Video!" the fax hyped. 68
The cover sheet had "D. Mark White" on the letterhead. 69
Consolidated Sports' attorneys say that means the junk fax was orchestrated by Mr. Lankford, Mr. White and Mr. Offill. 70
But the cover sheet to the fax looked odd. The "to" and "fax number" blanks were heavily scribbled out and replaced with "Phillip Offil," his last name spelled wrong.71
Mr. White denies that he sent it. And Mr. Offill says he was out of town and never saw it, even though his paralegal said she received it and put it on his desk.72
Knowing who was behind the fax is important because it often leads to who made money from the hype. Such "blast faxes" often include trumped-up information and can send a stock price skyrocketing. 73
Mr. White admits distributing the blast fax, even though he denies sending the draft. According to Mr. White, Mr. Eckerd made a deal with him. He would get 100,000 shares of stock if his company acted as a middleman between Consolidated Sports and a Miami fax company known for sending out unsolicited stock tips.74
Consolidated Sports denies it knew anything about the fax. 75
After the junk fax went out Nov. 10, Consolidated Sports' normally stagnant stock price doubled from 23 cents to 46 cents in five days. 76
But the good fortune didn't last. By Nov. 22, the stock had plummeted back to 22 cents, causing anyone who bought in after the hype to lose money.77
Who cashed in? Trading records are confidential. Consolidated Sports alleges that Mr. Offill, Mr. Gordon, Mr. White and their associates made millions.78
The accused say they lost money like everyone else as Mr. Eckerd took the shareholders' money and ran, which Mr. Eckerd denies. In all the finger-pointing, exactly who made money remains an open question. 79
By the end of 2004, Consolidated Sports was falling hard, and courts from Orlando to Dallas to Las Vegas were left to put the pieces back together.
In December 2004, NASCAR sued Mr. Eckerd over the junk fax for trademark infringement. It obtained an injunction barring him from filming at any NASCAR race in the country.81
In a second lawsuit in August 2005, Consolidated Sports accused Mr. Offill and Mr. White of setting the company up for a pump-and-dump. 82
Mr. Freeman fired back in a third lawsuit filed in March, accusing Mr. Eckerd of a Ponzi scheme. He said Mr. Eckerd had been getting investors to "pony up" money for various video projects for years and had used Consolidated Sports' money to pay off investors in past failed ventures. 83
But as the attorneys for Consolidated Sports worked to prove their case, Mr. Eckerd secretly began working on a deal of his own. 84
A not-so victory lane
Mr. Eckerd's pursuit of the American dream had taken him from a bus full of topless girls to a picket line protesting racism to the penny stock market and now to a Dumpster in Kaufman County.
For several weeks in the summer of 2005, he and others staked out Ms. Thompson, the corporate secretary, at her home in Kemp. They had seen a moving van at her Uptown office. Curious, they began poking in trash bins at her office, her home and Barron Moore. They brought the garbage bags to their attorneys' office and wondered at the scraps they found. 86
"There was something that was just not right," Mr. Eckerd said. "Based on the amount of trash out there, it looked like a mass exit." 87
Mr. Offill sent the Barcode corporate record book to Ms. Thompson's house in Kaufman County to cover up a scam, Mr. Eckerd said. 88
Ms. Thompson's attorney, Jules Slim, denies that the book was ever thrown in a Dumpster. He says it's more likely that Mr. Eckerd somehow intercepted the box and put it in the trash himself.89
But as support, Mr. Eckerd has FedEx records from the shipment and photos of Ms. Thompson's husband throwing stuff in the Dumpster. 90
In May, Mr. Eckerd finally won.91
The Consolidated Sports' lawsuit settled. Mr. Offill and Godwin Gruber paid $4.8 million but denied liability. The other parties paid nothing. 92
Despite being the driving force behind Racetrack Girls, Mr. Eckerd wasn't entitled to much of the settlement. He technically had nothing to do with Consolidated Sports because of his arrangement making Mr. Schepper the CEO.93
Attorneys for Consolidated Sports and Mr. Schepper had spent two years building a complicated financial fraud case against Godwin Gruber, tracking bank accounts and trying to prove that Mr. Offill, one of the law firm's stars, had secretly been breaking the law. 94
Under the fee agreement, which is typical in such cases, the attorneys for Consolidated Sports and Mr. Schepper were entitled to 50 percent of whatever their clients received.95
But unknown to some if not all of the attorneys, Mr. Eckerd negotiated a deal with his friend Mr. Schepper to steer most of the money to himself. 96
Mr. Eckerd and his company, Wheels Off Production, would get 85 percent of the money. Mr. Schepper and Consolidated Sports would get 15 percent. Because Mr. Eckerd had his own attorney, the three law firms that did most of the work would have to split just 7.5 percent of the settlement, or $360,000.97
Nowak & Stauch, one of two law firms representing Consolidated Sports, sued Mr. Eckerd in late July, demanding a greater share of the money. Mr. Eckerd wasn't involved in the lawsuit until the last minute, it said, because of his bankruptcy, his gaggle of creditors, his prior lawsuits and his "overall bad reputation."98
They accused him of perjury and fraud.99
"Oddly enough, this is the same behavior Eckerd was accusing Offill and [Godwin Gruber] with, and Eckerd's pattern of fraudulent behavior continues today," the lawsuit says.100
Five years have passed since Mr. Eckerd came up with the Racetrack Girls concept, and little remains of Consolidated Sports.
The stock now trades at one-ten-thousandth of a penny. 102
What's left is a tiny office at the end of a hallway on the top floor of an Addison office building and a stack of DVDs in the corner. 103
Mr. Eckerd says, "All we were trying to do was make a buck." 104
Any notion that he made out like a bandit is ridiculous, he says. His portion – about $4 million – evaporated after paying off attorneys and creditors, he says.105
"On paper, it looked like a great business model and a great money opportunity," he said. "In hindsight, which I know is 20/20, it's not something I'm proud of."106
FOOTNOTES
1: Deposition of James Conner, John Eckerd's private investigator, in lawsuit, Consolidated Sports vs. Godwin Gruber, et. al, filed 8/4/05 (05-07541, Dallas state court), pp. 80-87; interviews with John Eckerd. The details of how the baseball field looked are also from personal observation.
2-3: NASCAR vs. Eckerd, et. al. (6:04-CV-1781, Orlando federal court), p. 11; "Thinking Outside the Track," by Cammy Clark, The Miami Herald, 11/14/04; Frank Howard, et. al. vs. Consolidated Sports, et. al., filed 12/30/05 (06-00106, Dallas state court); Acme Enterprises vs. Wheels Off Production, et. al., filed 11/18/05 (05-11686, Dallas state court); State of Texas vs. Eckerd (CR-2004-04015-Z, Denton county criminal court); Mr. Eckerd's bankruptcy (03-44263, Sherman bankruptcy court); letter from the Alston & Bird law firm to Mr. Eckerd; deposition of Phillip Offill in Consolidated Sports vs. Godwin Gruber, pp. 49-51.
4: Consolidated Sports junk fax; NASCAR vs. Eckerd, et. al.; SEC subpoena of Barron Moore, dated 6/23/05, re: In the Matter of Artec Inc. and Certain Entities Organized by a Shell Creation Group, HO-10117; interviews with Eckerd.
5: Interview with Mr. Eckerd.
6: Conner deposition, pp. 83-87; photographs of Jeffrey Thompson, Conner deposition, ex. 5, photos 2, 15; motor vehicle registration records for Mr. Thompson.
7-8: Consolidated Sports vs. Godwin Gruber petition, pp. 23-24; Conner deposition, pp. 88-90.
9: Barcode Enterprises corporate charter from Nevada Secretary of State, deposition of Chasity Thompson in Consolidated Sports vs. Godwin Gruber, ex. 12.
10: Consolidated Sports vs. Godwin Gruber petition.
11: Interview with Mr. Eckerd.
12: SEC subpoena of Barron Moore, dated 6/23/05, re: In the Matter of Artec Inc. and Certain Entities Organized by a Shell Creation Group, HO-10117; SEC subpoena of Barron Moore, dated 3/24/05, re: Certain Pink Sheet Companies Trading Under the "Unsolicited" 15c2-11 Exemption, D-02681-A; SEC Order Directing Private Investigation, dated 12/14/04, re: In the Matter of Artec Inc.
13: SEC vs. Gary Zinn subpoena enforcement action, dated 12/15/05 (1:05-MC-00511, DC federal court); SEC vs. John Shrewder, et. al., dated 2/6/06 (06-80126, West Palm Beach federal court); SEC vs. Dean Sheptycki subpoena enforcement action, dated 2/23/06 (06-MS-00074, DC federal court); SEC litigation release no. 19970 re: Shrewder settlement, dated 1/17/07.
14: Deposition of Phillip Offill in Consolidated Sports vs. Godwin Gruber, pp. 22-23; deposition of Don Godwin in Consolidated Sports vs. Godwin Gruber, pp. 11-14; SEC vs. Peter Fisher, Tyler Fisher, David Stocker, Phillip Offill and Collective Thought Holdings, dated 6/14/07 (07-CV-12552, Detroit federal court); SEC vs. Phillip Offill, et. al., dated 9/26/07 (07-CV-01643, Dallas federal court).
15: Interviews with Mr. Offill; Jason Freeman vs. Scott Schepper, et. al., filed 3/9/07 (A537434, Las Vegas state court); 2/27/07 e-mail from Jules Slim, attorney for Mr. Freeman and Ms. Thompson; interviews with Mr. Slim, G. David Gordon and Doyle Mark White and Richard Sayles, an attorney for Godwin Gruber and Mr. Offill.
16-19: Research on SEC's Web site regarding securities fraud and recent enforcement cases; various interviews with SEC officials and securities attorneys over the past year; interview with Georgetown finance professor James Angel; Letter from Pink Sheets CEO R. Cromwell Coulson to SEC Secretary Nancy M. Morris; "If Nasdaq ditches a stock, you should, too" by James Kelleher, The Orange County Register , 8/6/00; "Wall Street's Wild West" by Ronald Campbell, The Orange County Register, 3/4/07.
20: Interview with Richard Gottfried.
21: Bloomberg News.
24: Articles of Incorporation, Thompson deposition, ex. 12; interviews with former Barcode CEO Jesse Clayton and Mr. White; counterclaim in Trucolor, et. al. vs. National Storm Management, et. al., filed 2/27/06 (06-02594, Dallas county court), p. 8.
25: Interview with Mr. Gordon; Barcode Enterprises confidential private offering memorandum, p. 17, deposition of Terry Washburn in Consolidated Sports vs. Godwin Gruber, ex. 27; interviews with Consolidated Sports' attorneys. Mr. Gordon says the company was formed to invest in a Texas franchise that sold supermarket barcode scanners. But documents that Mr. Eckerd says he found in the trash described Barcode as "deluxe concierge service," arranging limousines, jewelry and clothing for professional athletes.
26-27: Consolidated Sports vs. Godwin Gruber petition, p. 6; White deposition in Consolidated Sports vs. Godwin Gruber, pp. 248-249; interviews with Consolidated Sports' attorneys. Filing for an initial public offering is cumbersome and expensive. Companies must produce a detailed information statement about their business and follow complex securities laws and regulations – all of which typically means paying for pricey lawyers. There is also the matter of hiring an investment bank to handle the sale of stock, usually in exchange for a chunk of the IPO proceeds. Consolidated Sports traded on the Pink Sheets LLC penny stock exchange.
28: Consolidated Sports vs. Godwin Gruber petition, p. 6.
29: Annual List of Officers filed with Nevada Secretary of State, Washburn deposition, ex. 42; e-mail from Mr. Offill to Ms. Thompson, dated 2/15/05, Thompson deposition, ex. 17.
30: "A Mini-Enron on Every Corner," by Kurt Eichenwald, The New York Times, 5/29/05. James Gordon and Lisa Gordon vs. George David Gordon, SGD Holdings, David Covey, dated 1/2/03 (03-01-00006, Montgomery County state court); Con-Tex Silver Imports bankruptcy case (03-43783, Fort Worth bankruptcy court), report of examiner; interviews with Greg Gordon, G. David Gordon and Mr. Slim. While Mr. Gordon's brother and father accused him of stock fraud, he in turn accused his brother of stealing corporate funds. The fraud lawsuit was dismissed when a state district judge ruled that Greg Gordon had failed to prove his allegations. But a bankruptcy examiner in a case involving the jewelry company pointed some of the blame at Mr. Gordon. "David Gordon's representation of SGD Holdings Ltd. as its 'securities counsel' as described below and his apparent failure to adhere to applicable ethical standards calls into question whether the SEC should act to deny Mr. Gordon the privilege of appearing or practicing before the SEC," the examiner Robert E. Crawford of Dallas wrote in his report. He later told The New York Times, "A similar network of people show up again and again and again in these deals, most of which seem to end up in bankruptcy."
31: SEC Administrative Proceeding File No. 3-9954, In the Matter of RichMark Capital Corporation and Doyle Mark White.
32: Consolidated Sports vs. Godwin Gruber petition, p. 30.
33: Offill deposition, pp. 22-23; Godwin deposition, pp. 11-14.
34: Consolidated Sports Information and Disclosure Statement; Consolidated Sports vs. Godwin Gruber petition, p. 6; Amendment to Articles of Incorporation to Nevada Secretary of State, Thompson deposition, ex. 5; fax from SPO Group to Securities Transfer Corp., Thompson deposition, ex. 27; interview with Mr. Sayles, attorney for Mr. Offill and Godwin Gruber.
35: Research on SEC's Web site regarding securities fraud and recent enforcement cases; various interviews with SEC officials, securities law experts and attorneys over the past year.
36: Amendment to Articles of Incorporation to Nevada Secretary of State, Thompson deposition, ex. 5.
37: Consolidated Sports resolution, Thompson deposition, ex. 28; Washburn deposition, pp. 13-20.
38: Consolidated Sports Information and Disclosure Statement.
39: Thompson deposition, pp. 93-96.
40: Thompson deposition, pp. 23-27; corporation documents from Texas Secretary of State and Nevada Secretary of State offices.
41: Minutes of 11/18/01 Barcode meeting, Thompson deposition, ex. 21; deposition of Mark Lindberg in Consolidated Sports vs. Godwin Gruber, pp. 28-32, 153; Texas Secretary of State corporation records; interview with Paul Johnson; golf articles from The Dallas Morning News in 2001 and 2004; deposition of Joshua Lankford in Consolidated Sports vs. Godwin Gruber, pp. 22-33. The initial investors were Jason Freeman, who shared an office with her; Paul Johnson, a neighbor of Mr. White; Jim Locklear, a golfing buddy of Mr. Lindberg; and BBX Unit Investment Trust and BBX Support, business consulting firms run by Mr. Lindberg.
42-44: SEC Rule 144 (k) allows investors who are not affiliated with the issuer and who have held restricted stock for at least two years to sell the stock without several of the conditions the rule requires.
45: Consolidated Sports vs. Godwin Gruber petition, pp. 7, 24; interviews with Consolidated Sports' attorneys.
47: Washburn deposition, pp. 46, 62, 103-104.
48: Deposition of Jason Freeman in Consolidated Sports vs. Godwin Gruber, pp. 11, 12, 37-38
49: Lindberg deposition, pp. 38, 145; Lankford deposition, pp. 24-28. The other two investors, Mr. Locklear and Mr. Johnson, weren't deposed for the lawsuit. Mr. Locklear said in an interview that he's never heard of Barcode but did less than an hour of insurance and pension research for Consolidated Sports. Mr. Johnson said in an interview that he was letting other people manage his money and investments back in 2001.
50: SEC Rule 144 (k).
51: Wells Fargo bank statements for Consolidated Sports; Wheels Off Production financial records.
53: Financial Industry Regulatory Authority BrokerCheck records; Offill deposition, p. 172, deposition of Barron Moore CEO Katherine Moore in Consolidated Sports vs. Godwin Gruber, p. 108; White deposition, p. 202; Lankford deposition, pp. 38, 51.
54: Lankford deposition, pp. 24-28, 129, 183; Lindberg deposition, pp. 28, 32, 36-37; Freeman deposition, p. 12.
55: Offill deposition; corporation documents from Texas Secretary of State and Pink Sheets.
56: Amendment to Articles of Incorporation to Nevada Secretary of State, Thompson deposition, ex. 6; Minutes of Barcode meeting, 11/18/01, Thompson deposition, ex. 21.
58: Securities Transfer Corp. ledger for 6/22/04-5/31/05; faxes from BBX Support to Securities Transfer Corp., Lindberg deposition, ex. 3 and 4; Freeman deposition, pp. 116-117, 121, 225-226
59: Securities Transfer Corp. ledger for 6/22/04-5/31/05; faxes from BBX Support to Securities Transfer Corp., Lindberg deposition, ex. 3 and 4; Freeman deposition, p. 122, 221.
60: SEC vs. Zinn, pp. 6-7; Deep Rock Oil & Gas fax dated 9/12/05; interview with Fergus Anstock.
61: SEC vs. Zinn, et. al., pp. 5-6; Lindberg deposition, pp. 69-70, 97, 115, 208. Other major shareholders, who received free-trading stock from the initial shareholders, included companies formed by Mr. Offill, investment firms run by Mr. Lankford's 20-year-old half-brother and friends and businesses tied to John Coutris, who introduced Mr. Eckerd to Mr. Offill. Mr. Coutris said in an interview that his signature was forged on several documents involved in the deal, including stock transfer certificates. He added that his investors lost about $500,000. "We're the ones that got hurt in this deal," he said.
62-65: Freeman deposition, pp. 84, 114, 217-218, 221, 225-226
67: 10/6/04 fax from Barron Moore to Godwin Gruber, White deposition, ex. 5
68: Consolidated Sports junk fax.
69: 10/6/04 fax from Barron Moore to Godwin Gruber, White deposition, ex. 5
70: Consolidated Sports vs. Godwin Gruber petition, pp. 13-15. Consolidated Sports' attorneys also point to a Godwin Gruber invoice that lists a teleconference with Mr. White to review "proposed release" on Oct. 6, 2004, and a meeting the next day with Mr. White and Mr. Lankford. Mr. Offill said in his deposition that the meetings with Mr. White and Mr. Lankford were for regular news releases, not junk faxes. Mr. Lankford said in his deposition that he didn't recall the October meetings.
71: 10/6/04 fax from Barron Moore to Godwin Gruber, White deposition, ex. 5
72: White deposition, pp. 135, 137; Godwin Gruber fax transmission sheet, White deposition, ex. 5; interview with Mr. Sayles; Offill deposition, pp. 255, 260. The cover sheet read: "Phil, please review and obtain company approval for this release ASAP. Thank you, D. Mark." "I don't sign my name D. Mark," Mr. White said in a deposition. "This is not my handwriting. And I sign my name Mark White. I don't sign it D. Mark. This is not my handwriting."
73: Review of enforcement cases on SEC Web site.
74: White deposition, pp. 87-91, 118; SEC press release 2005-101, "SEC Charges Stock Promoters in Phony Fax Scam."
75: Consolidated Sports vs. Godwin Gruber petition, pp. 13-15.
76-77: Bloomberg News.
78: Consolidated Sports vs. Godwin Gruber petition, pp. 12-13.
79: Freeman vs. Schepper; 2/27/07 e-mail from Mr. Slim; interviews with Mr. Sayles, Mr. Slim, Mr. Gordon, Mr. White and Mr. Eckerd. Wheels Off financial records show that Mr. Eckerd paid numerous employees to set up tent parties and promote the videos.
81: NASCAR vs. Eckerd.
82: Consolidated Sports vs. Godwin Gruber.
83: Freeman vs. Schepper, pp. 3-5.
84: Nowak & Stauch vs. Eckerd, et. al., filed 7/20/07 (07-07330, Dallas state court), p. 7.
86: Interviews with Mr. Eckerd; Conner deposition, pp. 70, 72, 76-78
87: Interview with Mr. Eckerd.
88: Consolidated Sports vs. Godwin Gruber petition, pp. 23-24.
89: Interviews with Mr. Slim; 2/27/07 e-mail from Mr. Slim.
90: FedEx shipping confirmation records; photographs of Jeffrey Thompson, Conner deposition, ex. 5, photos 2, 15; motor vehicle registration records for Mr. Thompson.
91-93: Nowak & Stauch vs. Eckerd, pp. 7-8; counterclaim by Mr. Eckerd in Consolidated Sports vs. Godwin Gruber, dated 1/3/07; Consolidated Sports Information and Disclosure Statement; Consolidated Sports staff directory.
94: Interviews with Consolidated Sports attorneys.
95-97: Nowak & Stauch vs. Eckerd, pp. 3-4, 7-8.
98: Nowak & Stauch vs. Eckerd, p. 5.
99: Nowak & Stauch vs. Eckerd, pp. 8-9, 13.
100: Nowak & Stauch vs. Eckerd, p. 11.
102: Bloomberg News.
103: Visual observation.
104: Interview with Eckerd.
105-106: Nowak & Stauch vs. Eckerd, p. 8; interview with Mr. Eckerd.
http://www.dallasnews.com/sharedcontent/dws/news/localnews/stories/111907dnmetnascarday2.2555b61.html#
lol jimmy, did you just log off Paltalk?
Frizzy is all over it..LOL..We should have a settlement SOOn
Okay, I read the PR now.
On October 25, 2007, a majority of shareholders of BioTech Medics, Inc. consented to amend the Articles of Incorporation to a 1 for 20 reverse stock split for the outstanding shares of common stock
Um, why in the world would a majority of shareholders in a pinkie vote to do a reverse split? Complete BS!
No small shareholders will be cashed out
Is this "the dividend" you spoke of? There are no further details explaining this. Does it mean you still have at least one voting share to approve another reverse split sometime in the future?
The outstanding shares (o/s) will be approximately 8.09 million at the open of today's market. The authorized shares remain at 500 million, there are no preferred shares issues.
Oh dear!
Shareholders will not be required to return their old stock certificates for new certificates; however, shareholders may voluntarily exchange their BTME shares for BMCS shares for a fee charged by Transfer Online.
Why throw more money down the drain paying for a new cert on a company that does two reverse splits in five months?
The Board of Directors together with a majority of shareholders voted on the reverse stock split to better achieve the business purposes of the Company and to increase the price of the stock to attract investors.
Do you know who is on the Board of Directors? Again, I find it hard to believe the shareholders voted for this r/s.
Contact:
Investor Relations
1-972-274-5533
Unnamed IR? Is this a one man operation?
LOL Do you have any song writing abilities?
gail, if Jeff knew this was about to happen he would be someone with inside information, and not just an average shareholder who "believes". Don't you think others who don't necessary read those message boards have an unfair advantage?
he is someone that believes is all, but also hates to see this junk happen. so, he took the time to talk to us (on sw or gb) and give us a hint that they were going to lower the o/s
Or, if he took off maybe the next wave of dilution will be ineffective. You're still interested in buying. Right?
if he just took off and left those of us that hung on his every word, then i would have worried
lol The Flounder is too diplomatic to be that forward. She's a Princess for pete's sake!
They should add: .... *UNTIL WE PRINT MORE*
*GOTCHA AGIAN LOL.*
Disgusting....but sooooo predictable.
1 for 500 REVERSE SPLIT of all Issued and Outstanding Common Shares. Note, pre-split Common Shares CUSIP# 704755 107: ISN#US704755 107 9, (Old Symbol: PAIM) have been assigned a new CUSIP # 704755 404: ISN#US704755 404 9.
The post-split outstanding public float for Common Shares will be 8,540,057 Common Shares.
OMG! Now THIS is a Perverse Split......
and Pearl Scam promised it would NEVER happen. Major Ouch!!!
November 16, 2007 - 10:01 AM EST
Pearl Asian Mining Industries, Inc. Implements Reverse Split of Common and Preferred Shares with Record Date of Nov. 19, 2007
Reduces Authorized Common Shares to 20 Million and Authorized Preferred Shares to 80 Thousand
Brokers, note CUSIPs and new symbols
3rd Quarter Unaudited Financial Report Available at www.pearlasianmining.com
Pearl Asian Mining Industries, Inc., Stock Symbols: USA (OTC Common Shares: PAIM)(OTC Preferred Shares: PAIIP); Germany (Xeta: R1z.De) And (Frankfurt: R1z.F) today announced that by a special corporate action, resolved, acknowledged, and approved by the Board of Directors and the 57% of its majority shareholders, the following actions are being undertaken in consistent with the company’s capital restructuring, effective Monday, November 19, 2007 (Record Date).
* 1 for 500 REVERSE SPLIT of all Issued and Outstanding Common Shares. Note, pre-split Common Shares CUSIP# 704755 107: ISN#US704755 107 9, (Old Symbol: PAIM) have been assigned a new CUSIP # 704755 404: ISN#US704755 404 9. The post-split outstanding public float for Common Shares will be 8,540,057 Common Shares.
* Reduction of the number of Authorized Common Shares from “4.0 Billion” (4,000,000,000) to 20.0 Million (20,000,000).
* 1 for 75 REVERSE SPLIT of all Issued and Outstanding # Preferred Shares. Note, pre-split Preferred Shares bearing CUSIP # 704755 30 5 ISN # 704755 305 9 (Symbol: PAIIP) have been assigned a new CUSIP # 704755 503: ISN# US704755 503 9. The post-split outstanding public float for Preferred Shares will be 40,000 Preferred Shares.
# Reduction of the number of Authorized Preferred Shares from “6.0 Million” (6,000,000) to Eighty Thousand (80,000).
LOL How True!
Speaking of that....
Last month Willy admitted he knew Jensen. How long has Willy known Jensen and who introduced them? Is it from the CMKX days or more recent?
http://ragingbull.quote.com/mboard/boards.cgi?board=GBDX&read=4101
raginganny
20 Oct 2007, 10:04 PM EDT
Ed, Lets make this very clear. I like Chris Jenson. Chris is a family man and a nice guy. I think it would be cool if he sued you for this garbage you post in public about him.
By: law_suitscomming
20 Oct 2007, 08:33 PM EDT Msg. 4091 of 4100
WILLY = WHAT ABOUT YOU AND CRIS JENSEN, WHAT ARE YOU COVERING UP THERE WILLARD.
Willy also promoted NTOY/SFSP a stock that ECNI's Gilbert Serrano former CEO of, and now is President and Chief Executive Officer of 2Animate, Inc., a subsidiary of Netoy. Tref also hyped NTOY on RB. Now Willy is promoting GBDX, with another ECNI connection.....William Haseltine.
http://ragingbull.quote.com/mboard/boards.cgi?board=GBDX&read=4579&submit=Go&endat=4148&numposts=60
By: raginganny
06 Nov 2007, 12:16 AM EST
btw don't forget NTOY/SFSP from .008 to .26 was the best!
Amanda is still playing the smartest game so far. Todd seems to be playing a smart game once again. They wised up that Frosti, not James is the biggest threat at challenges. So far no brute strength challenges. James may just have to pull out one of those immunity idols soon, he only has three more chances to use them before final four.
Erik is still flying under the radar, and now Amanda wants to keep him around! I sure hope that doesn't mess up her game especially after Courtney showed her loyalty by letting Frosti go. Courtney in in to win, I underestimated her a bit. JR may be right about nobody writing her down for awhile.
I got a nice little grub, too. ;o)
msg# 242424
The previous Perverse Split was in June of this year
Perverse Split. LOL
Tref and crew are billing it as neccessary to combat manipulators, counterfeiters and the dreaded naked shorts... which is also given as the reason that they cannot file and reveal "sensitive" info like the share structure.
That's just a bunch of creative crazy talk to convince the big losers (the shareholders) that they were not screwed, like Frankie's "beneficial reverse split"! That stock is a freaking albatross.
It's especially attractive if you have Canadian $s to buy with
Dammit Georgie Boy........
mAjOr dAmAgE, it appears some shareholders are filing complaints against both Frank and Hal with the SEC and the AG of Texas. Don't know if they will be successful with any results or not, maybe your associates will have some luck if they decide to sue.
When my associates sue Frank, they might just add him for his aiding and abetting
By: elcheepo1
15 Nov 2007, 10:15 AM EST
Msg. 25450 of 25458
(This msg. is a reply to 25448 by rod75137.)
Jump to msg. #
LOL,,, I think Willy has enough to deal with from his so-called followers who are now stuckholders of this gem... but if you must, please do so...
I think that Moffit and Mcgovern need to get a call from the SEC... they are the ones who screwed us, and then screwed us again by giving us the wolf with no scruples.
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By: rod75137
15 Nov 2007, 10:16 AM EST
Msg. 25451 of 25458
(This msg. is a reply to 25450 by elcheepo1.)
Jump to msg. #
cheep,they're in the sec report.
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By: elcheepo1
15 Nov 2007, 10:18 AM EST
Msg. 25452 of 25458
(This msg. is a reply to 25451 by rod75137.)
Jump to msg. #
What sec report?
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By: elcheepo1
15 Nov 2007, 10:49 AM EST
Msg. 25453 of 25458
Jump to msg. #
OT. BTW... it looks like GRCO is doing quite well with its PPS dropping quicker that love can put out PR's... i wonder if they are using those shares to pay Love to keep him around...
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By: rod75137
15 Nov 2007, 11:02 AM EST
Msg. 25454 of 25458
(This msg. is a reply to 25452 by elcheepo1.)
Jump to msg. #
cheep,the one I turned in,named all.hope you,ve done so as well.
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By: rod75137
15 Nov 2007, 11:03 AM EST
Msg. 25455 of 25458
(This msg. is a reply to 25453 by elcheepo1.)
Jump to msg. #
with willys hand in it,who knows???
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By: destes3584
15 Nov 2007, 12:46 PM EST
Msg. 25457 of 25458
(This msg. is a reply to 25454 by rod75137.)
Jump to msg. #
rod fyi in case someone is keeping track, i turned in a complaint to the sec as well. also did one to the state of texas.
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By: pcmj247
15 Nov 2007, 02:48 PM EST
Msg. 25458 of 25458
(This msg. is a reply to 25457 by destes3584.)
Jump to msg. #
There is power in numbers..file my complaint too..because the only way the SEC will act is if a lot of people file a complaint against JMCP aka Frank the Hot Dog King
What the heck....
How long ago was the 1/10 reverse split? Ouch
The reverse was just a 1/10. But since the majority of stockholders got their shares via a PCBM divvy (Corbel) it effectively wiped them out
Updated Date Old Symbol Old Name
13:53 11/16/2007 BTME BioTech Medics Inc.
New Symbol New Name
BMCS BioTech Medics Inc.
Stock 1-20 R/S **
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/15/2007&mkt_ctg=NON-OTCBB
The Love continues on the JMCP board.
Complaints against Willy and Frankie? Yikes
By: elcheepo1
15 Nov 2007, 10:07 AM EST
Msg. 25445 of 25458
(This msg. is a reply to 25444 by rod75137.)
Jump to msg. #
Any word on the mcgoven / moffit righteous brothers? Are they fleecing elsewhere?
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By: rod75137
15 Nov 2007, 10:09 AM EST
Msg. 25447 of 25458
(This msg. is a reply to 25444 by rod75137.)
Jump to msg. #
OT:looks like greed and boo ran frankies partner willy off from gbdx. Too funny.eom
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By: rod75137
15 Nov 2007, 10:12 AM EST
Msg. 25448 of 25458
(This msg. is a reply to 25445 by elcheepo1.)
Jump to msg. #
cheep,not sure,just been watching willy the former wizard trying to pump and dump at gbdx. Probably one of their scams too.
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By: elcheepo1
15 Nov 2007, 10:15 AM EST
Msg. 25450 of 25458
(This msg. is a reply to 25448 by rod75137.)
Jump to msg. #
LOL,,, I think Willy has enough to deal with from his so-called followers who are now stuckholders of this gem... but if you must, please do so...
I think that Moffit and Mcgovern need to get a call from the SEC... they are the ones who screwed us, and then screwed us again by giving us the wolf with no scruples.
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By: rod75137
15 Nov 2007, 10:16 AM EST
Msg. 25451 of 25458
(This msg. is a reply to 25450 by elcheepo1.)
Jump to msg. #
cheep,they're in the sec report.
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By: elcheepo1
15 Nov 2007, 10:18 AM EST
Msg. 25452 of 25458
(This msg. is a reply to 25451 by rod75137.)
Jump to msg. #
What sec report?
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By: elcheepo1
15 Nov 2007, 10:49 AM EST
Msg. 25453 of 25458
Jump to msg. #
OT. BTW... it looks like GRCO is doing quite well with its PPS dropping quicker that love can put out PR's... i wonder if they are using those shares to pay Love to keep him around...
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By: rod75137
15 Nov 2007, 11:02 AM EST
Msg. 25454 of 25458
(This msg. is a reply to 25452 by elcheepo1.)
Jump to msg. #
cheep,the one I turned in,named all.hope you,ve done so as well.
--------------
By: rod75137
15 Nov 2007, 11:03 AM EST
Msg. 25455 of 25458
(This msg. is a reply to 25453 by elcheepo1.)
Jump to msg. #
with willys hand in it,who knows???
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By: destes3584
15 Nov 2007, 12:46 PM EST
Msg. 25457 of 25458
(This msg. is a reply to 25454 by rod75137.)
Jump to msg. #
rod fyi in case someone is keeping track, i turned in a complaint to the sec as well. also did one to the state of texas.
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By: pcmj247
15 Nov 2007, 02:48 PM EST
Msg. 25458 of 25458
(This msg. is a reply to 25457 by destes3584.)
Jump to msg. #
There is power in numbers..file my complaint too..because the only way the SEC will act is if a lot of people file a complaint against JMCP aka Frank the Hot Dog King
Willy: My LAST POST WAS IS DONE
By: raginganny
14 Nov 2007, 04:22 PM EST
Msg. 4912 of 4972
(This msg. is a reply to 4907 by greedy_malone.)
Jump to msg. #
lol greedy lol
Sorry not pumping but hold a decent position. I have been following this story for over a year just got serious when they filed the TO with SEC in March. I'll continue following the story until it's over.
Hal
P.S. better then Love's messy deal lol
http://ragingbull.quote.com/mboard/boards.cgi?board=GBDX&read=4912
By: raginganny
14 Nov 2007, 06:45 PM EST
Msg. 4924 of 4972
Jump to msg. #
SOON every basher here is going to have to do a 180 and realize GBDX is a real company. It will happen so enjoy bashing me and the company because that will soon end imo.
Hal
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By: raginganny
14 Nov 2007, 08:51 PM EST
Msg. 4927 of 4972
(This msg. is a reply to 4925 by boo127tx.)
Jump to msg. #
OT-boo, lets get this straight. Frank is not my buddy. Frank was an acquaintance from CMKX race and Yahoo. I tried to work with him and didn't like what i was seeing because nothing was coming true like I was told it would. I resigned in July of this year. Absolutely no reasons to go back either.
Once I was paid $2500 monthly salary then he couldn't make any others as my contract called for. I don't give out charity to any company especially a .0001 company that doesn't do what they have said they would when they hire me and it wasn't the money promised it was completion of financing, deals etc.
As far as you and a couple others that are following me around I hope you lose your az.z. I have zero compassion for you or rod and I mean ZERO!
As far as what I deserve, send the SEC to me. You jmcp bashing shareholders have no clue and you can't even create trouble in the right state. This shows how bad you guys are. So bottom line, send the SEC to my door. I just met with them a month ago, happy to do it again. You trouble makers are pathetic little men especially coming here from JMCP thread to bash and threaten me about JMCP!
Also is wasn’t worth $2500 per month to baby-sit JMCP shareholders.
Post this at JMCP thread!
Harold Engel
http://ragingbull.quote.com/mboard/boards.cgi?board=GBDX&read=4927
By: raginganny
14 Nov 2007, 09:09 PM EST
Msg. 4929 of 4972
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My LAST POST WAS IS DONE.
Longs you are about to be gifted your desires and these bashers are going to whine if they are short.
bye bye bye :)
No I won't be like Ronnie coming back.
Hal Engel
Feel the Love
The RB GBDX board has turn into the bash Willy Wizard board. Gosh, those poor JMCP shareholders are out for blood!
By: pcmj247
14 Nov 2007, 02:17 PM EST
Msg. 4890 of 4971
(This msg. is a reply to 4887 by ronniegd.)
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Ok Ronnie, I'll give Hal the benefit; however, what kind of person who knows that a scam is going on and allow others to fall in and not say anything? Hal only got out because he realize that Frank was taking his con to new heights and knew that the FEDs were swiftly approaching.
Hal it's all about money to you, and the only one who gets hurt are the honest shareholder who is left holding the bag.
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By: kaysat
14 Nov 2007, 02:38 PM EST
Msg. 4894 of 4971
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I fully agree GBDX is Hal scam, watch outa ll Russian buyout scams you wll notice the same guys with different id's, but their language can't lie, Hal was part of CMKX.
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By: boo127tx
14 Nov 2007, 08:35 PM EST
Msg. 4925 of 4971
(This msg. is a reply to 4921 by raginganny.)
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harry,did that fellow hurt your feelings~~~~sad~~~~but does not compare to the saddness you and your friend frank have brought to those that believed in you.~~~~~have you heard from the sec or the Texas attorney Generals office.Sure hope you get the Chrismas you and your brother frank deserve,I'm sure you two have already given thanks for your gains off the backs of others.Happy Thanksgiving.Suppose you and your boss forgot about the giving part~~~~do you know it's suppose to be reciprocated?~~~guess not.......boo
(Voluntary Disclosure: Position- No Position)
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By: boo127tx
14 Nov 2007, 09:47 PM EST
Msg. 4931 of 4971
(This msg. is a reply to 4927 by raginganny.)
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harry,you are the one that came to jmcp crying,so if you want pitty~~~ha~~~and you and your so called former friend cooked all this trouble up~~~funnnny,you think tx is the only one going to look your way~~~~clueless now aren't YOU.~~~~~like roddy said,come clean on what you think or know frank is up to and the preasure will be off of you and on to frank where it probably should be~~~~~and stop your D##n crying~~~~you just embarrass yourself~~~~and no one gives a rats about your so called compassion either~~~~funnny again~~~like you might even think that anyone would think you have compassion for anything but the almighty dollar~~~~~someone eleses~~~~nite harry....boo
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By: kaysat
14 Nov 2007, 10:47 PM EST
Msg. 4935 of 4971
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I agree this clown works for Russian agents and does pump and dump. He is paid pimp !. He has no shares and his only job is keep suckers in the game while his masters take dump.
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By: pcmj247
15 Nov 2007, 02:32 PM EST
Msg. 4970 of 4971
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Well I've learned my lesson not to mention any names or else you get a pretty warning in your inbox, but I'm sure everyone knows who I'm refering to when I say the word con man..lol
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By: pcmj247
15 Nov 2007, 02:43 PM EST
Msg. 4971 of 4971
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I must say that I have a lot of respect for those of you who has the insight to see beyond this pile. I might have got burned with my 10 million shares in JMCP but thank GOD I did fall for this scam with Willy Wiggly Wizard at the helm of the pump.
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By: greedy_malone
14 Nov 2007, 03:52 PM EST
Msg. 4907 of 4971
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Paging Willy Wizard:
Why on earth are you pumping this pig?
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By: 6handi1332
15 Nov 2007, 03:24 PM EST
Msg. 4972 of 4972
(This msg. is a reply to 4969 by greedy_malone.)
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greedy_malone
"Active discussions" on this board from the "pro" side are limited to a few longs who fervently hold on to the "hope" that their investment is "sound" while totally ignoring the obvious. Unfortunately, their "generic" statements are based only on their "hope".
Any intellectual dialogue between the "opposition" is met with "ignore", basher labels, ROFOL's, personal denigration of the posters, etc.
I am intrigued as to the purpose of you and your friends sudden appearance on this board, but I admit that I find it refreshing. For some reason, GBDX's "biggest proponent", has decided to no longer post here. Why is he suddenly afraid to banter with you?
He would converse with some very strong adversaries on this board he didn't "ignore", yet he would keep coming back.......you guys came in, in one day, he's gone..........whassup with that?
Have you noticed that today he has extended his "datelines" to his readers, on his new theory of reverse merger? He has gone from buyouts to Tenders to Perfect Short Squeeze to reverse merger..........
"Things that make you say, hmmmmmmmmmmm.
What makes Altomare so special that he should be exempt from scrutiny? The courts and media obviously have an interest in him, so the general public should ignore him? Money shareholders invest in pinks sheets has the same value as any other exchange, and the misuse of it is a public concern.
So why don't the good people here in the USXP Ihub board that know everything go to these troubled stocks and be heard there?
Drilling Kimby at a dump! The Compost Kimberlite Pipe LOL
Another classic was Tramp's story about Urbie falling in the hole and coming up with two fist fulls of diamonds. I think that post is on Mach's old board.
lol I remember that!
Ill never forget when willy was accused of skimming the paltalk room account and Oggie caught him...He kicked Oggie out and that was the end of it..LOL
lol The kids will accomplish what Fuego Entertainment could not. If they start writing a book right now they could beat Faulk to the punch.
A group of kids at our local film school is doing a story about UC called "Behind Door No. 3" the production group is called the Queen City Kids and they've already been out to the Smeaton Dump. Outside of some pick up shots they've finished filming and should have something out in 2008
beneficial reverse split ?? To Whom?
Things are so bad the shareholders can't even sell their stock. I wish Willy would post some of those e-mails about Frankie.
Just how clueless was Willy to get involved with a guy who had problems with the Texas SEC for selling unregister stock? Oh wait, that's business as usual for Willy.
Hey jimmy, Matt is finally releasing h24ever from the jail house!
h24ever release date 11/26/2007 06:27:09 PM
And the "loans" they also received through the company, are they "gifts" now too?
Shareholders are the ones that funded their exorbitant lifestyle.
The jewelry were gifts to his wife not to himself. Therefore, does not need to be in the financials
Well maybe they should add Altomare to the list of CEO's that have been prosecuted to deter others.
What I'm trying to say is if RA gets prosecuted for this, then every CEOs should be as well. Because of the outrageous perks that robbed the common shareholders
Just what he deserves.
Its about time the chickens came home to roost
I think Frankie is scratching his head trying to figure out how to get out of this debacle with the beneficial reverse split he pulled. And you can only tell so many "the Russian mob is after me" stories before shareholders begin to wise up.
Unfortunately Frank has been in quiet mode for over a month now
Poor Willy
By: raginganny
11 Nov 2007, 04:33 PM EST
Msg. 25362 of 25377
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Frank Love Read This
Please take my email address off your web site. I am tired of reading all the emails from mad shareholders, especially the one that threaten you.
DO THIS ASAP!
Harold Engel
Chinook Investment
Willy Wizard Please take my email address off your web site
By: raginganny
11 Nov 2007, 04:33 PM EST
Msg. 25362 of 25377
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Frank Love Read This
Please take my email address off your web site. I am tired of reading all the emails from mad shareholders, especially the one that threaten you.
DO THIS ASAP!
Harold Engel
Chinook Investment
- - - - -
http://ragingbull.quote.com/mboard/boards.cgi?board=JMCP&read=25362
No, it was a post from RB. oops
tkalantzis may be able to help you though, he reposted it.
#11606 BASHERS FUTILE ATTEMPT tkalantzis