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PARS looks like a nice clown pump
It's was an abandoned shell that Richard Chiang gained control of through a custodianship petition over a year ago.
It has been really quiet since last spring.
On July 1st Chiang filed a name change to W World Corp at the NV SOS and raised the A/S from 120,000,000 to 750,000,000.
Both signs that he has found a buyer for the shell.
It didn't take long for PARS to traders to find the following article published on June 27, 2020 about a Chinese linked company using the name W World Corp that claims it is looking to go public on the NASDAQ in the United States.
https://www.marketwatch.com/press-release/the-w-world-corp-plans-to-be-listed-on-nasdaq-2020-06-27
The announcement was made by Professor Dr Oudom as a representative of W World Corp which touts itself as follows:
Hate to break it to you, but every single one of those "customers" on the PCTI customer page
https://pcti.com/customers/
were listed as customers on the PCTI customer page in 2013:
https://web.archive.org/web/20130928100316/https://pcti.com/customers/
BAE System
General Dynamics (GD)
Ford Motor Company
NASA
General Motors
Delphi Automotive
Caterpillar
Mitsubishi
Occidental Petroleum (OXY)
(Easton) Cutler Hammer
Exelon
Georgia Power
US Army
US Navy
US Air Force
US Marines
Were ALL customers from 2013.
Doesn't bode well that they have been unable to tout a single "new" customer over the past 7 years.
Since Mihai Chis passed away in August 2018
https://www.boylanfuneralservices.com/obituaries/Mihai-Chis?obId=3250623
PCTI only shows one new contract worth $25.6k which already ended
https://govtribe.com/vendors/power-conversion-technologies-inc-dot-pcti-0v1g9
Maybe Catherine Chis is just looking to get out of the business after all these years and $400,000 was a good offer for the Power Conversion Technologies name.
If the SPA does close on July 10th, if OZSC doesn't file an 8K for the closing with audited financials attached, there is a chance that OZSC may not post audit financials until November when the 3rd quarter 10Q is due.
The next 10Q due out in August will only cover until June 30, 2020 which is before the closing date.
That's a long time for Brian Conway to mislead traders through discord chatroom posts while continue to dilute and drive up the float.
You can look at the OPTI filngs to learn about how well they've done with the Fuel Maximizer and other past products:
https://www.otcmarkets.com/stock/OPTI/disclosure
As of December 31, 2018 when they stopped reporting to the SEC, OPTI had reported only about $90,000 in revenues total in its entire history.
The last 10Q filed with the SEC by OPTI showed $0 in revenues for the quarter.
https://www.otcmarkets.com/filing/html?id=13228714&guid=3iOFUFar4IHdT3h
OPTI went dark in early 2019 (stopped reporting to the SEC) and moved to the unregulated pink sheets.
OTC 'filings' which aren't regulated claim that:
OPTI made around $400,000 from its products in 2019.
And during the first 3 months of 2020, OPTI claims that it made $257,761.
Despite the alleged revenues, OPTI has seen its toxic debt go up from $871,000 when it stopped reporting to the SEC in February of 2019 to $929,000 as of May of 2020.
And that is despite the fact that between August of 2019 and March of 2020, OPTI issued 1,366,545,377 shares for debt conversions. See pages 6 - 11 at the following link:
https://backend.otcmarkets.com/otcapi/company/financial-report/247424/content
To OPTI's credit, they haven't added to the O/S since February of 2020 (which has allowed it to run as well as it did), but with $929,000 in toxic debt, people to have to be cautious that debt conversions could start back up again at any time.
But hey, it's a penny stock for Pete's sake. Trade it, don't marry it.
These are ready-made pre-manufactured devices.
OPTI is just buying them from Raycono in bulk then reselling them at a marked up price.
Very different business model than Apple uses with its iphone.
There is a big difference between being a distributor and a manufacturer.
How much do you think OPTI will make selling ready-made devices at a mark up?
I'll give you a hint ... it won't be any where near $20 million.
But your iphone reference does remind me of another penny stock that promised its investors $100 million in sales for its mobile phone device which also turned out just to be nothing more than pre-manufactured Chinese junk.
That one ended up in SEC litigation:
https://www.sec.gov/litigation/litreleases/2019/lr24646.htm
Not saying this one will end as badly, but it definitely has lots of red flags (including that $20 million claim), a very toxic balance sheet ($929,000+ in toxic debt), and a CEO with a long history of fraud that traders should take into consideration when deciding how best to profit off the trading activity.
OPTI iwand = cheap generic junk made in China
Not that it should surprise anybody, but the "iwand" being touted by OPTI to go on sale this weekend is manufactured in China by a company named Raycono.
Images of the product can be seen at the following 2 links:
https://twitter.com/AlexDelarge6553/status/1279234510786367493/photo/1
$OPTI MY IWAND 🙂 pic.twitter.com/O5FxrVKFER
— michael jordan (@Raemikey) July 3, 2020
OPTI iwand = cheap generic junk made in China
Not that it should surprise anybody, but the "iwand" being touted by OPTI to go on sale this weekend are manufactured in China by a company named Raycono.
Images of the product can be seen at the following 2 links:
https://twitter.com/AlexDelarge6553/status/1279234510786367493/photo/1
$OPTI MY IWAND 🙂 pic.twitter.com/O5FxrVKFER
— michael jordan (@Raemikey) July 3, 2020
PCTI has $0 in active gov contracts in 2020 if this link is accurate:
https://govtribe.com/vendors/power-conversion-technologies-inc-dot-pcti-0v1g9
And only $25.6k since early 2019, but that contract with Louisiana National Guard ended at the start of 2020.
Most of their government contracts expired years ago.
I think people will be very disappointed when/if any audited financials are posted for Power Conversion Technologies.
Today's 10Q was not much to get excited about:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156678061
$1,038,500 in new toxic debt Notes between April 1, 2020 and June 30, 2020:
$113,000 in new toxic Notes in April 2020
$332,000 in new toxic Notes in May 2020
$593,500 in new toxic Notes in June 2020
No signs of slowing down.
Neither has much that came before that been much to actually get excited about:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156663195
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156579273
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156658676
Crazy how much Brain Conway has been trying to manipulate this stock price in a discord chatroom both personally and using the investor relations firm he owns (Waypoint) by posting misleading info about share buybacks, the debt/dilution situation, and the financial status of PCTI, while also sharing insider information such as announcing press releases and filings before they hit all while dumping almost 1.5 billion shares into the market.
One of the most dirty pump & dumps I've seen in a while.
OZSC justs keeps getting uglier
10Q out just now
https://www.sec.gov/Archives/edgar/data/1679817/000149315220012471/form10-q.htm
Ouch OZSC, O/S is now at 1,489,063,164
https://www.otcmarkets.com/stock/OZSC/security
OZSC had 219,035 shares outstanding when the Power Conversion Technologies acquisition was announced on February 28, 2020
On May 11, 2020 the O/S was 257,026,917
On June 1, 2020 the O/S was 583,549,343
On July 1, 2020 the O/S is now 1,489,063,164
And the Power Conversion Technologies acquisition carrot now has been pushed back to July 10, 2020
It will be interesting to see 1) how much more dilution occurs between now and July 10, 2020 (the balance sheet is still very toxic) 2) if they find a way to pull the carrot back further again.
Like I've been saying - classic pump & dump.
And oh my the screen shots I keep seeing posted showing things that Brian Conway (alias Talindar) and Conway's investor relation's company (alias Waypoint - John) keep saying in a discord chatroom (a non-SEC approved forum for public disclosure) about share buy backs, misleading and false information about the debt/dilution situation, notifications about upcoming press releases and filings, and other insider information in advance of any public disclosures - just to pump the share price.
Dirty, dirty pump & dump.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156579273
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156658676
Which stock is that? OZSC?
And I'm sorry that still doesn't make sense.
By meeting those "obligations" and/or "debts" it would result in the O/S going up.
They may be reserving part of the available A/S for those obligations and/or debts, but as soon as the obligation is met and/or the debt is converted and the shares issued, the result will be that the O/S goes up.
There is no such thing as the O/S not being allowed to exceed 1.25 billion in any a situation where the A/S is more than 1.25 billion.
And even if the A/S was only 1.25 billion they could always raise the A/S just by simply filing an amendment at the SOS for whatever state they are located.
If somebody is telling you that the share structure is locked until some kind of event happens and that clause was not written word for word into some kind of a contract for the event, then that person is just duping you and probably facilitating some kind of ongoing pump & dump activity.
I'm pretty sure you are talking about OZSC and this is something that the investor's relation company (which is owned and controlled by Brian Conway) told his marks in a discord chatroom.
It definitely wasn't in any SEC filings or any public disclosures. Which that in itself is a huge red flag.
I've read all the "agreements" filed with the SEC by OZSC, and none of them had anything about any lock on the share structure, let alone any clause signed by any toxic lenders agreeing not to convert stock for any specific period.
And let me remind you how much dilution OZSC has already being doing since the LOI was signed in February and since the SPA was signed on June 26, 2020.
And let me remind you that the OZSC TA is gagged.
And let me remind you of Conway's very dirty past of scamming investors while he was the CEO of LIBE.
All that is going on now is that OZSC yanked that carrot back to July 10th to string investors along further while the pump & dump action continues and more shares get dumped into the market by toxic lenders.
OZSC should be suspended just for the fact that the CEO has been pumping it for weeks in a discord chat room (a non-public forum) by touting fake buybacks, making non-public forward looking statements, and lying about the true nature of the debt/dilution situation, all for the mere purpose of pumping the share price.
Conway and OZSC are very dirty. I fully expect to see tons more dilution on that one.
Be careful.
The cap would be the A/S (authorized share count).
So if the A/S is 4.9 billion and the O/S (outstanding share count) is still at 1.25 billion then they could still issue 3.65 billion more share before they reach the cap.
At that point they could just raise the Authorized share count (raise the cap) and continue adding to the O/S.
Technically, Issuers are supposed to have enough authorized shares to account for all outstanding stock on a fully diluted basis (any debts or preferred stock that can be converted). So often you'll see them raise the A/S before the O/S is maxed out.
How high they can raise the A/S depends on which state they are domiciled in. Some states have unlimited authorized share limits (like Wyoming) while others will only allow you to authorized up to a certain number of shares (ie 30 billion).
Most penny stocks can only dilute so much though before the pig gets too bloated to get off of no bid. It's pretty tough to get over 10 billion shares and still dupe traders into buying blocks of stock being dumped into the market.
So toxic Issuers have to rely on reverse splits to continue their dilution schemes. Which is why it is always important to pay attention to an Issuers debt situation if they have any recent history of dilution + reverse splits.
OZSC is a good example. They did a reverse split in February of 2020 then already diluted the O/S to 583,549,343 by June 1, 2020 and there are no signs of the dilution stopping any time soon, as they have well over $1,000,000 in toxic debt on the books still.
With an A/S of 4,990,000,000, OZSC can dilute over 4 billion more shares into the market yet (based on the most recent numbers released by the Issuer - they currently have the TA gagged).
I wrote about OZSC a few days ago:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156579273
Geez it's taken them this long to finally initiate proceedings to have Adam Tracy disbarred.
That looks like a nice run down of some of his greatest hits.
Shouldn't take too long hopefully for the panel to convene and then officially disbar him for life.
Tracy was a nasty person that brought all of this upon himself.
You must be talking about RELI
Though Lazar's name might attract some traders that normally wouldn't look twice at a stock like RELI (like the custodianship players), Lazar has nothing in his background that makes him anybody special to be involved as an independent director.
It takes no talent to hijacked dead shells then flip them for a profit. That isn't turning around distressed companies. It is hijacking dead companies and peddling them off to lowlifes looking for cheap shells to use for future pump & dump scams. Often the peddling involves a reverse split so he is doing the opposite of helping old shareholders, he is wiping them out.
Here is an old post on his background:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139269767
Here is something more recent on some of his recent activity:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156565151
He's been the most active shell hijacker in the business the past 2+ years since disgraced attorney Adam Tracy was chased out of the industry by the SEC and personal issues.
OPTI - remember Roger Pawson? old CYBI, BEHL, BNPD and ENTK/SUFF scams
I thought he was out of the penny stock scamming business.
Just noticed tonight (I know several weeks too late) that he has been running an LED grow lights turned LED lights that disinfect through UVC rays scam using OPTI.
OPTI does have some sales but according to their last financial report all the revenues came from their Optimized Fuel Maximize business (some kind of zero emission electronic fuel thing) - not from their LED lighting business.
https://backend.otcmarkets.com/otcapi/company/financial-report/247424/content
I assume you are talking about OZSC
I see a ton of red flags on this one. Here are the 10 biggest red flags:
1) The history of Barry Hollander and Brain Conway in their multiple past public Issuers. Hollander in particular has been in more than a dozen in the past, and most turned out very badly.
2) The toxic mess that the OZSC balance sheet is in. They have toxic debt Notes with almost every toxic lender in the business, totaling in the neighborhood of $2m - $2.5m, and they are adding new toxic debt on a regular basis.
https://www.otcmarkets.com/filing/html?id=14149027&guid=7jDFUnsLJ37ZUyh
3) It is just a "Letter of Intent" and not a Definitive Agreement. Most penny stock Letter of Intents never end up happening.
https://www.otcmarkets.com/filing/html?id=13965045&guid=7jDFUnsLJ37ZUyh
4) OZSC had 120 days to meet the terms of the LOI.
DSUS - more recently, if you look at the Wyoming SOS filings, on 4/24/20 the authorized common share count was raised to 20,000,000,000
Then on 6/23/20 the authorized common share count was lowered back to 400,000,000.
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=243010089193223045109043201255052121186179131013
Click on the "history tab" to see the 2020 filings:
So as I said...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156473714
ECMH - thanks for the heads up
I remember writing details about Mark Miller's illegal hijacking attempt on the issuer a while back (2nd one down in the following link)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143235663
I haven't followed it much since writing that post a couple of years ago.
It is my belief that the SEC is investigating Mark Miller and others that were involved in his past hijacking/stock manipulation schemes. I shared a lot of information with the SEC to try to interest them in investigating.
It sounds like you are saying that EMCH (W Scott Webber) has been cooperating in the SEC investigation.
It looks like Lazar has been very very busy this month with new custodianship petitions for several public Issuers:
ALTB - on 6/16/20
KTDR - on 6/16/20
ONFA - on 6/16/20
RMLS - on 6/16/20
EMCH - on 6/9/20
EFLT - on 6/9/20
EGOC - on 6/9/20
HRAA - on 6/9/20
MRJT - on 6/9/20
PDGO - on 6/9/20
PGLO - on 6/9/20
XLPI - on 6/9/20
XMET - on 6/9/20
and going back a little further:
GOFF - 5/19/20
CHYL - 2/24/20
EXBX - 2/19/20
GSHN - 2/19/20
PFWIQ - 2/07/20
SETO - 2/07/20
TGCM - 2/07/20
FORU - 2/06/20
SBOT - 2/06/20
XYNH - 2/06/20
BNXR - 2/04/20
ONIN - 2/04/20
LGBI - 2/04/20
NHLI - 2/04/20
He sure doesn't discriminate by share structure or dirty past.
It's a shame that he dilutes the custodianship market so much by doing so many at one time. By diluting the interest, it hurts the trade opportunities for the people that like to trade the custodianship plays.
In most cases, these shells are abandoned. And in a perfect world, they would be deleted as inactive securities to prevent future fraud. But since they haven't been, it does open the door for custodianship petitions to be filed and for shell hijackers like David Lazar to take over control and breath new life in them for future pump & dump activity and future scams.
If W Scott Webber is still active with ECMH, he would simply have to respond to the Lazar custodianship lawsuit and let the judge know that he hasn't abandoned the shell. The judge may require him to bring the entity back to active status at the Nevada SOS, but would almost certainly side with Webber and reject Lazar's hijacking attempt.
JAMN - Does Paul Strickland just illegally take over diluted, toxic shells to help squeeze more dilution out of them for the toxic note holder insiders?
His track record is horrible:
SPRV - No bid
EHOS - No bid
MRIB - No bid
BAYP - No Bid
TBEV - No Bid
ANVS - SEC SUSPENDED
I give JAMN less than a month and it will be No bid.
I also predict that it will never get reinstated at the Nevada SOS.
The resident agent of JAMN at the Nevada SOS is the TA, Empire Stock Transfer.
My suggestion is to contact Empire Stock Transfer and ask them about the situation. Obviously a custodianship petition will have to be filed and the Nevada entity will have to be obtained by Paul Strickland to make his takeover attempt legal.
EMPIRE STOCK TRANSFER INC
CASEY WESELOH
www.empirestock.com
702-818-5898
DSUS - Angela Collette did some custodianship filing for that one over a year ago in Michigan (despite it being a NV entity) then reinstated the entity in Nevada on 9/17/19.
I haven't followed it much since then, but I see that she dissolved the Nevada entity on 3/24/20 and moved it to Wyoming.
Obviously, the pop today is because the name of the shell was changed to China Eastern Shengda Biotechnology Corporation at the Wyoming SOS today and Fu Li is now listed as the new president of the entity (presumably because control of the shell has been sold to Fu Li).
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=243010089193223045109043201255052121186179131013
Only details for Fu Li are a phone number in China at 011-86-16602127860 and an email at gibbsshao@126.com
The email links to some old Chinese entity named Shanghai Jiali Asset Management Center.
https://xin.baidu.com/company_detail_32263013603168
There are several "Shengda Biotechnology" companies in China, but I see no proof that that any of them link to Fu Li.
One big thing people need to watch out for is that the A/S was lowered from 20,000,000,000 to 400,000,000. This could mean a 1:50 reverse split is in the works.
But the old A/S was 400,000,000 before it was moved to Wyoming so it's hard to say for sure. Plus there is no guarantee that FINrA will approve a reverse split on the shell even if that is the plan.
I haven't followed the OLCN issuer since even before you stopped following it so I'm not really sure.
You might be thinking of a different Issuer. And I know exactly which one you are talking about because I remember looking at it back in 2011 when it had some connections with TMSH.
You may be thinking of OriginOil, Inc (OOIL) which became OriginClear, Inc (OCLN) in 2015.
The OOIL I was referring to was previously Perkins Oil & Gas (PEKN) until 2018. It also got a tier 1 promotion as PEKN before a reverse split + name/symbol change reset.
I didn't get to look closely at the last SEC Complaint but I see this one includes a few more issuers to go with SSTU, WODI, DEVV, RIVX
https://www.sec.gov/litigation/complaints/2020/comp24839.pdf
It also mentions CYCL, BIIO, and PXPP
BIIO and PXPP I had done in-depth prepromo research reports on.
BIIO had also been promoted as MJPI in the past (same group that promoted XLIT).
Since they call it a $25 million scheme there must have been even more Issuers not mention in the Complaint
I know this group also had links to OOIL which was suspended by the SEC, PTCO, CLOW, FRFR, LAAB, AGGG, and KLMN.
I see that they are making Nelson Gomez out as the main person in this scheme.
And they show how the stock promotion company that I often referred to as the Tier 1 group, which was the latest reincarnation of what once started as APS, promoted them all.
Also interesting how they gave a chart showing how Roger Knox's WinterCap SA was used in the SSTU scheme to assist with hiding the share ownerhip.
Knox got busted in early 2019.
https://otcmarketresearch.com/the-case-of-roger-the-rocket-knox-why-this-could-be-the-biggest-penny-stock-bust-since-2015/
related links:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156223703
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156223211
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156266494
TSOI + IBRC + CHIT - Cherubim Interests, Inc (CHIT) was another Patrick Johnson scam that got suspended by the SEC because of those bogus billion dollar crypto claims.
https://www.sec.gov/news/press-release/2018-20
https://www.sec.gov/litigation/suspensions/2018/34-82724.pdf
Not to mention how RFMK and CGUD having scammy pasts.
It's getting easier and easier to see why TSOI has become so brazen about exploiting the COVID-19 crisis with bogus medical claims to pump its stock.
TSOI - Yes IBRC has a very scammy past
Here is the original IBRC/TSOI press release:
https://www.globenewswire.com/news-release/2020/04/27/2022517/0/en/iBrands-Corporation-Adds-Immune-Booster-To-Nutraceutical-Product-Line.html
This TSOI-hosted page is worth noting - AreyouCOVIDmune.com
https://areyoucovidmune.com/covidmune/
This is the old cancer "clinical trial" they did on that abandoned failed NanoStilbene idea which now makes up the basis of their new covid "clinical trial" under a new name - Quadramune.
https://mynanostilbene.com/clinical-trial-of-nanostilbene-for-immune-derepression-in-advanced-cancer/
That site is not secure so use this link to get an idea of their old bogus clinical trial using the "new" Quadramune intellectual property under its old name, Nanostilbene:
https://web.archive.org/web/20191003024124/https://mynanostilbene.com/
In my opinion, TSOI is doing nothing more than exploiting the very serious Covid-19 crisis to run a pump & dump on their stock and I'll be surprised if it avoids an SEC suspension.
Looks like Andrew Osichnuk took his dog and pony show to CGLD and BWPC
4/27/20 he does a press release for UNEQ
https://finance.yahoo.com/news/uneeqo-inc-acquires-dialogue-key-200000279.html
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=067208165215168093067103016174064180120197175223
https://dialogueofficial.info/
6/2/20 Osichnuk signed a deal with extremely delinquent BWPC
https://www.otcmarkets.com/filing/html?id=14194708&guid=ItRFUWrdbxdS83h
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=041038029114114086066110006103148025021176202207
https://atakam.us/team
6/8/20 Osichnuk gets involved with CGLD (an old Joseph Wade Mezey scam)
https://www.otcmarkets.com/stock/CGLD/news/story?e&id=1619816
https://www.otcmarkets.com/stock/CGLD/news/story?e&id=1624350
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=005078127117070131224103043065073111116006197009
https://cgldinfo.com/
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=081028131178094152136099054247207066160108130004
This guy sure does get around. But so far has very little to show for his far from impressive deals with these old dirty penny stocks.
Interesting that UNEQ isn't mentioned on his recently updated LinkedIn page, while the other two Issuers (CGLD and BWPC) are:
https://www.linkedin.com/in/atakam?challengeId=AQECwCUYOvJhPAAAAXK-_uwAYUE1Vv-h7O4EsNA8raooYGrJ0akXBh6N63UKTc3LnzQOZrb2S7MGosaUikBXqSNA0GhynRONrw&submissionId=90eccc3c-dd22-1916-933f-63aec8768825
Maybe the UNEQ deal fell through.
That's interesting. I haven't had a chance yet to dissect the entire SEC Complaint, but I'm not surprised at all that this was more fall out from the Roger Knox bust:
https://otcmarketresearch.com/the-case-of-roger-the-rocket-knox-why-this-could-be-the-biggest-penny-stock-bust-since-2015/
TSOI - This must be what they are talking about:
https://www.otcmarkets.com/filing/html?id=14167043&guid=RbXFU6y4Z01O-yh
On September 25, 2018, the Company filed a patent application titled “Pterostilbene and Formulations Thereof for Treatment of Pathological Immune Activation” covering novel clinical data using its NanoStilbene™ formulation to reduce inflammatory cytokine production in cancer patients.
So they are basing their study on some patent application for some method of study done for some other non-FDA approved supplement named NanoStilbene that never amounted to anything (and is now dead and abandoned).
http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4809:y8kyqi.3.1
All they did was invent some new mixture of natural ingredients in April of 2020, called it QuadraMune, trademarked it, and said hey lets use this for a Covid-19 study. That'll drive up the stock price.
I predict that QuadraMune will be dead and abandoned a couple of years from now too (never amounting to anything), maybe sooner if TSOI gets suspended by the SEC.
TSOI - you have to wonder if anybody actually reads the information at the trial link:
https://clinicaltrials.gov/ct2/show/NCT04421391?term=quadramune&cond=COVID&draw=2&rank=1
According to the information about the "study". QuadraMune(TM) is a dietary supplement that contains 4 natural ingredients.
It is not FDA approved or FDA regulated.
It's just a private study on a natural supplement.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156295450
The study says it is Phase II.
But there was obviously no Phase I study since Covid-19 didn't exist when QuadraMune(TM) was last even considered for any uses in 2018.
https://www.otcmarkets.com/stock/TSOI/news/story?e&id=1593344
Can you find a patent application for QuadraMune(TM)? I couldn't.
Is QuadraMune(TM) just a trademark and nothing more?
http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4809:y8kyqi.2.1
I did find the patent application for the process (the use of pterostilbene to decrease neutrophil activation in cancer patients) described in the press release by TSOI which was co-authored by Thomas Ichim, the very same fake Dr Tom with a fake doctors degree from the unaccredited offshore medical school that was involved in that alleged stem cell scam several years ago.
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=9,682,047.PN.&OS=PN/9,682,047&RS=PN/9,682,047
It was still a signed agreement and most definitely a material event that should have been put in an 8K and mentioned in the subsequent events section in the 10K.
It was irresponsible of the TSOI management not to mention it in any SEC filings. Same with not doing an 8k for QuadraMune(TM) whenever they allegedly came into possession of that patent application.
My point is still absolutely true and valid:
As soon as the S-1 is made effective those 167,848,153 shares become registered for immediate resale into the market.
That's the only thing necessary for those shares to starting hitting the market. Has nothing to do with any 10Q.
TSOI shareholders should hope that the S-1 is never made effective.
Of course, that would just lead to TSOI finding other toxic forms of financing.
It's possible that if the S-1 is not made effective that the deal could be voided.
It may even be possible that Triton will not pay the $500,000 and TSOI will not issue the 167,848,153 shares until the S-1 is made effective.
But what is clear is that if the S-1 is made effective those 167,848,153 shares immediately become free trading and can be sold into the market.
TSOI - Wrong read the S-1
https://www.otcmarkets.com/filing/html?id=14181734&guid=1iXFU6MMl9G2F3h
Triton acquired 159,848,153 shares on January 24, 2020 and was given 8,000,000 shares on that same day as a "donation".
Those 167,848,153 are being registered for "resale" through the S-1 registration statement.
Here was the purchase agreement:
https://www.sec.gov/Archives/edgar/data/1419051/000107878220000090/s1_ex1z1.htm
Here was the donation:
https://www.sec.gov/Archives/edgar/data/1419051/000107878220000090/s1_ex1z2.htm
All total Triton Funds paid $500,000 for those 167,848,153 shares
That's $.003/share.
At $.017/share (the current price) those shares are worth $2,853,418.60.
That's plenty of reason to pay for the stock to be pumped.
As soon as the S-1 is made effective those 167,848,153 shares become registered for immediate resale into the market.
I have a couple of fair questions
#1 QuadraMune(TM) is a labeled as a "dietary supplement"
https://clinicaltrials.gov/ct2/show/NCT04421391?term=quadramune&cond=COVID&draw=2&rank=1
The FDA states that:
https://www.fda.gov/food/buy-store-serve-safe-food/what-you-need-know-about-dietary-supplements
"The U.S. Food and Drug Administration (FDA) does not have the authority to review dietary supplement products for safety and effectiveness before they are marketed"
The disclaimer on the site that tracks these studies says:
https://clinicaltrials.gov/ct2/about-site/disclaimer
"Listing a study on this site does not mean it has been evaluated by the U.S. Federal Government. The safety and scientific validity of a study listed on ClinicalTrials.gov is the responsibility of the study sponsor and investigators."
So is it correct that the TSOI clinical trial is only a privately backed, non government funded, not FDA approved clinical study?
#2 The study is listed as a Phase II study which fits the 500 person narrative.
But where is the data on the Phase I study? Was there a Phase I study?
thanks!
TSOI has yet to mention this QuadraMune(TM) dietary supplement in any SEC filings to date. It has only been mentioned in recent press releases. Why is that?
It seems awfully convenient and a bit fishy that TSOI just magically decided that this dietary supplement somehow could be effective against Covid-19, especially considering the history of some of its insiders allegedly being involved in medical related scams in the past.
I think that the person I referenced in my post was the person that created the google drive pump pieces. That part seems pretty obvious since he was the first one to post links to all 4 pump pieces on the message boards (TSOI, VYST, OBDP, and NMHLY).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156270390
Browsing through his post history, I noticed that he had a very obvious practice/pattern of posting other pump pieces done by real stock promotion sites that included disclaimers on their websites.
He was also already involved in some Covid-19 pumps before the 4 stocks that got the google drive pump pieces.
My best guess is that this person decided to start creating his own pump pieces because
1) He saw how some of those professional pump pieces helped with share prices and wanted to manipulate the price for the stocks that he owned through similar tactics.
2) He was possibly hoping to gain a following to strengthen his ability to manipulate the share prices of stocks he already own in the future.
#1 I think is a given.
#2 I'm not so sure about because as far as I can tell this person had no twitter page or website of his own to draw traffic to.
It isn't at all uncommon for toxic funders and insiders that are selling to recruit pumpers and pay for pump pieces to bring volume to the stock to help them sell their stock for bigger profits, but honestly, this whole thing seemed way to amateur to be that.
Unless you can find a common factor between the 4 Issuers that got google drive pump pieces, (TSOI, VYST, OBDP, and NMHLY), I don't think that it was the doing of any insider involved in any of the 4 Issuers.
-----
Now is Triton Funds and its student and mentor staff that runs it dirty? Well let's just say that I've seen a lot of their stocks get pump & dump action after they signed financing agreements.
They may even be involved in some of the TSOI pumping. Looking at the S-1 being used to register their shares for sale, it looks like they already acquired the shares back in January so they only stand to gain on the sale of that stock the higher the price is once the S-1 is made effective.
https://www.otcmarkets.com/filing/html?id=14181734&guid=kVXFUnHBQ4s_I3h
Is TSOI dirty? I haven't looked at it, but they don't exactly have a history of success with any of their "trademarked" technology, so I see no reason to expect success now. To me they just happened to have a purported product that fit the Covid-19 narrative and it helped fuel a big pump on the stock. In the long run, I'd be shocked if they actually see any real success on their balance sheet from any product they claim to be working on related to the Covid-19 crisis.
If you are talking about the criminal Indictment - you cannot arrest a company, only people.
If you are talking about the SEC Complaint. Perhaps you missed when the SEC suspended ARYC for being a Covid-19 scam. The SEC already made it quite clear that ARYC, the company, is a scam.
TSOI - looks like this Penny Trade Insider group was planning on running a pump piece taking some information from a 6/08/20 press release done by TSOI then adding a bunch of false information to it in an effort to manipulate the stock price.
Here is the 6/8/20 press release
https://www.otcmarkets.com/stock/TSOI/news/story?e&id=1620016
It was also included in an 8k:
https://www.otcmarkets.com/filing/html?id=14208179&guid=4M-FUnZYzVQae3h
And here is the CEO's post about the planned Penny Trade Insider unauthorized and misleading pump piece:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156268954
It looks like Penny Trade Insider took down their google page after word got to them that the TSOI CEO wasn't happy.
https://sites.google.com/view/penny-trade-insider/home
https://sites.google.com/view/pennytradeinsider/menu/healthcare/newsroom
https://sites.google.com/view/penny-trade-insider/menu/healthcare/newsroom
They recently did a pump piece for VYST on 5/11/20 (now removed):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155551317
https://sites.google.com/view/penny-trade-insider/home/vystar-corporation-vyst
It looks like they also took some information put out by VYST in the past then exaggerated and added to it in order to pump the stock.
More Penny Trade Insider pumps:
OBDP on 5/14/20
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155621370
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155617606
Another ugly chart
NMHLY on 5/14/20
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155632954
https://sites.google.com/view/penny-trade-insider/menu/market-movers/nmc-health-plc-nmhly?authuser=0
All COVID-19 pumps
This stockaudit poster shared each of the above pump pieces (TSOI, VYST, OBDP, and NMHLY)
https://investorshub.advfn.com/boards/profilea.aspx?user=553209
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156263966
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155624614
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155621370
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155551357
I 100% agree.
This should have been suspended long ago.
It was an obvious scam going back at least 2 years.
And as a delinquent filer the SEC could have suspended it at any time without even having to expend resources on an investigation.
I wasn't happy when ARYC weaseled is way out of that situation by filing a Form 15 last fall.
https://otcmarketresearch.com/sec-gives-delinquent-filers-a-wake-up-call/
Douglas Roe/SSTU, WODI, DEVV, RIVX - I forgot that Roe also got busted by the SEC for a very similar scheme in 2017:
Straw/fake CEO, fictitious loans, foreign entities, undisclosed control people....
That past scheme was stopped before the shell was allowed to go public, but obviously Roe not only didn't stop trying, but he also learned from his mistakes.
https://www.sec.gov/litigation/litreleases/2017/lr23832.htm
https://www.sec.gov/litigation/complaints/2017/comp23832.pdf
It could be as simple as Jason Nielsen was unable to keep up with mortgage payments after the stock was suspended and so rather than lose the house to foreclosure, he decided to get out of it as much as he can while he still can. Thus the timing of the house going on the market days after the suspension and weeks before the SEC charges.
I'd be surprised if he didn't know (or at least didn't expect) that he was being investigated by the SEC, and as you said, he may have feared possible criminal charges. There is no question that he knew that what he was doing and what ARYC was doing was wrong. So as you said, he may have been motivated by the temptation to hide his money or flea the country. It's hard to say for sure.
He is no doubt facing penalties and fines from the SEC that will match or exceed the ill-gotten gains he made through selling stock in Arrayit while running a massive misleading pump on the stock.
So he is kind of in a lose lose situation. If he sells the house, he avoids losing everything he put into the house through disclosure, but at the same time he puts himself in a position where he will have no excuse not to pay the SEC fines and disgorgement.
He has already made the choice of hiring an expensive, seasoned private attorney to defend him - Christian E Pecone of Berliner Cohen LLP. Unless he plans to settle quickly, that won't be cheap.
He put himself in this position through his grossly immoral actions, so he deserves the mess he is in now and more. This was more than just a shameless pump & dump, Jason and his crew ruthlessly attacked anybody that spoke out against the ARYC scam. They bullied and threatened people while stealing money from gullible followers and clueless marks. His victims will never be made completely whole again so it's only right that he isn't allowed to benefit from his scam anymore either.
He should just count himself extremely lucky if he doesn't end up facing criminal charges and prison time out of all of this.
I'm torn on whether to expect criminal charges. The timing of the SEC charges absent any criminal charges make it seem like no criminal charges are on the table at the moment, since usually both the SEC and DOJ open cases simultaneously. But I definitely wouldn't rule out charges in the future as more information becomes available through the SEC suit and the Indictments against Mark Schena and Julie Taguchi. It's common for individuals facing charges to offer to cooperate in the hopes of facing less prison time. I'm sure Schena would gladly give up others to lower his prison time from 15 years to 10 years. He seems like that kind of slimy character.
Shane Schmidt/SSTU - below is the DOJ press release
Funny how he used a fake name (John Scott) to serve as the sole officer of SSTU - sounds like a few other scams we know.
https://www.otcmarkets.com/stock/SSTU/profile
I remember the SSTU pump last year as a "low float" play.
It was a long abandoned MN entity that got hijacked illegally:
https://mblsportal.sos.state.mn.us/Business/SearchDetails?filingGuid=d13e66a8-aed4-e011-a886-001ec94ffe7f
I had no idea it was being manipulated by the offshore money laundering group.
According to the DOJ, Schmidt and his cohorts even used a fake password and fake documents to trick the OTC Markets and others into believing the shell was taken over legally.
https://www.otcmarkets.com/stock/SSTU/profile
Thomas Cook was the attorney he said he personally met with "John Scott" in his opinion letter
https://backend.otcmarkets.com/otcapi/company/financial-report/240825/content
That should land Cook on the prohibited attorney's list
https://www.justice.gov/usao-ma/pr/vancouver-man-charged-securities-fraud-and-conspiracy-impersonating-president-penny-stock
FOR IMMEDIATE RELEASE
Thursday, June 11, 2020
Vancouver Man Charged with Securities Fraud and Conspiracy for Impersonating President of Penny Stock Company
BOSTON – A resident of Vancouver, Canada, was charged yesterday in connection with a pump-and-dump scheme involving a penny stock company for which he impersonated the company’s president—an otherwise fictitious individual—and established a website containing false and misleading statements about the company’s purported business.
Shane Schmidt, 52, was charged in a criminal complaint unsealed today with one count of securities fraud and one count of conspiracy to commit securities fraud. Schmidt is believed to currently be in Canada.
According to the complaint, beginning in or about December 2018, Schmidt purported to be “John Scott,” the sole director and officer of the company Sandy Steele Unlimited, Inc. (“SSTU”). Acting as John Scott, Schmidt provided fraudulent information to the stock quotation service OTC Markets, including fake documents purporting to reflect John Scott’s authorized takeover of SSTU and a fake passport for John Scott, bearing Schmidt’s picture. Schmidt also established a website for SSTU that described SSTU’s purported heated garment business, but which used false and misleading pictures of products for sale by other manufacturers from other websites. Schmidt allegedly took these steps in order to enable SSTU’s stock to trade via OTC Markets, to generate interest in the stock, and to share in the proceeds of stock sales, which he later did. At or about the same time as a boiler room campaign promoted the stock in the fall of 2019, SSTU’s stock price increased dramatically as investors purchased it, before later precipitously falling.
The securities fraud charge provides for a sentence up to 20 years in prison, three years of supervised release and a fine of $5 million. The conspiracy to commit securities fraud charge provides for a sentence up to five years in prison, three years of supervised release, and a fine of $250,000, or twice the gross gain or loss, whichever is greater. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.
United States Attorney Andrew E. Lelling and Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Office made the announcement. Assistant U.S. Attorney James R. Drabick of Lelling’s Securities and Financial Fraud Unit is prosecuting the case.
The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.