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Per the last LTNC financial report (7 months ago), shares were issued as low as .00004 per share for conversions. They don't trade on the open market under .0001 (no bid prevents that) but plenty of stocks have reverse split themseleves to effectively millionths of a penny.
$3M line of credit from Cayman Islands that cost $750,000 just to get the line open. Nothing like a pinky scam orchestrated by Christopher Ryan Schadel in a desperate attempt to save his own hide over at LTNC, which is THE majority shareholder of TSGL. Oh, and in case anyone missed it, Kimberly Thompson, CEO of TSGL, is also COO of LTNC and Ryan Schadel's employee.
There is NEVER EVER EVER a "good cause" for not filing financial reports. It is invariably a sign of collapse. Add to that the shell games, millions of dollars in delinquent toxic debt, millions owed to the IRS, millions more being manipulated through his puppet COO, collapsing revenue, and over 60% of branches shut down or liquidated and you get the forest for the trees. And if Schadel were caught manipulating share prices for either more of his personal purchases using redirected company capital or for an impossible corporate buyback he would be nailed for fraud. I'll be surprised if he isn't anyway, assuming the IRS doesn't put him in prison first.
There's the rub: BACK to .0001 where it belongs.
Schadel gets one part dismissed of one case out of possibly a dozen for failure to pay on debt and expects a PR about it to mean anything to anyone while financials continue to go unreported and taxes go unpaid. The guy is delusional.
lol...yep. 4's gone, in with the 3's!!!
Because .0003 is soooooo far away from no bid, right?
Hey...is that those 3's we've been saying are coming around? Best enjoy them before no bid comes cuz once that happens there is no recovering anything from this scam.
lol...I was wondering the same thing. Good to see the whole gang is present to watch this ridiculous farce burn to nothing.
It'll get back to no bid. No financials means no money. 100% of scam artists do not file financial reports.
Except, obviously, Ryan Schadel...lololol!!!
THAT is FUNNY! Confusing a mortgage lien with a federal tax lien placed against a company to secure a payment plan for $1 million in UNPAID PAYROLL TAXES...too rich!
Very exciting times!!! Reverse split, Bankruptcy...maybe even IRS lockdown!
All on the horizon!
Various Regulator litigation against "legendary" Michael Markowski:
The same Michael Markowski that Kimberly Thompson tried to pump with in the last PR about how he thinks TSGL will be a $20 stock. LMAO!!!!
1994
http://www.leagle.com/decision/199413334F3d99_1119/MARKOWSKI%20v.%20S.E.C.
1998
https://www.finra.org/sites/default/files/NACDecision/p007394.pdf
2000
https://www.sec.gov/litigation/opinions/34-43259.htm
2001
http://openjurist.org/274/f3d/525/michael-markowski-and-joseph-riccios-v-securities-and-exchange-commission
2008
http://media.ca11.uscourts.gov/opinions/unpub/files/200715442.pdf
"Legendary" frauds are admired by fradulent CEO's. Kimmy is in bed with Schady and so long as Ryan Schadel has ANYTHING to do with TSGL it is doomed to be nothing more than a rotting carcass on which Schadel feeds himself with endless shares.
So this isn't an investment. Just a flip. Anyone invested in a stock would demand financial reports.
Aw...is Schadel maybe getting a taste of his own medicine? Schadel has conned shareholders for YEARS, so even if Prometheus were a con operation, there is a judge who has already said Schadel OWES Prometheus!
PAY UP, SCHADY!
OOOPS! No cash.
BWAHAHAHAHA!!! Talk about statements with exactly ZERO shred of proof!
Debt has been paid off in cash payments
lol...poor, poor Ryan Schadel who has repeatedly insulted his shareholders and now won't release any financial filings because tweets are all he needs to keep his "longs" engaged.
99.99999% of ppl who trade/invest OTC don't know what picture they r looking at in 1st place
It is over. Multiple note holders suing this fraud CEO while millions of dollars in payroll taxes go unpaid and financial filings go dark. Schadel can come up with whatever BS he wants for his tweets, the market is showing all the confidence that exists for this stock that is nearly back to no bid.
No 10K or 10Q, but let's call a note holder suing Ryan Schadel over a delinquent note a "fraud". Classy.
Oh, God, please! Ryan Schadel hasn't had a class action lawsuit brought against him for personally wrecking the stock and misleading shareholders, so there is exactly zero chance that Prometheus will face such litigation for trying to collect on a delinquent debt that Schadel admits he owes.
Schadel, on the other hand, is currently facing multiple suits INCLUDING the ongoing suit by Prometheus.
WHERE'S THE 10K and 10Q???
As employees, they certainly know the culture created by corporate frauds. But, hey...let's resort to minimizing workers because they are temporary while giving a pass to a fraud CEO who doesn't file financial reports and fails to pay millions of dollars in toxic debt and payroll taxes. This sort of elitism is exactly what's wrong with this country. SMH
Funny...wasn't the NT10K supposed to be "guidance on a timeline"? I'd venture to say he could be held liable for that comment as well. It would have been true if the question had been about the 10Q, but the 10K is beyond late per his guidance on a timeline.
Please share whatever links you can. Schadel blocked me from his Twitter account when he couldn't handle me questioning his "arms length transaction" and the ridiculous AS reduction. But, for some reason, I am still able to view direct links to conversations.
Wouldn't it also be about securities violations being as fraud was alleged?
Schadel is losing it completely. He has got to be one of the most inept CEOs ever. He first tries to run this OTC company like it's a NASDAQ listing, but with toxic financing, then he tries to run it like an OTCPink scam and has failed at both extremes. I'll give him a tad bit of credit for his pump from no bid to .0015, but being as it would not have happened without him using company funds to quietly drive up the volume with personal share purchases he did not really pull off a genuinely successful pump campaign.
And now, he is flailing wildly at every lawsuit thrown at him while acting like he is calling the shots.
What a fraud.
Good luck with that. A lying, non-filing CEO telling anyone gullible enough to listen through Twitter that he thinks he has the legal upper hand in a fraud suit against him as well as multiple other suits for failing to pay his debts.
ROTFLMAO!!!!
The court awarded a TRO AGAINST LTNC. This is something Schadel openly acknowledged on Twitter a month ago and now Schadel wants to whine about how it's "fraudulent"...ROTFLMAO!!!
What? Yeah, ok....SMH
JFC, I have no desire to spoon feed DD. It was in one of his Periscope videos that Schadel admitted that he owed Prometheus the original $15,000 claim.
I'm surprised to see IFT challenge Schady like that. Looks like Schadel is losing some of his strongest allies...finally.
ROTFLMAO!!! The court AWARDED the TRO! Is Schadel now reduced to openly insulting the court as well as his shareholders???
The tweets "no longer exist"...what did they say?
Funny how Ryan Schadel admitted the debt to Prometheus is legitimate. Do people seriously forget these things that are only moths old and easily referenced?
So what? Even if it is true what does filing such a motion cost? Practically nothing, so what does it matter if it will be thrown out for being frivolous? Just another pinky pump maneuver by this CEO who refuses to file financial reports.
That is not true in the slightest. Schadel has released a Forward Looking Statement regarding ALL communications through social media. It's right there on his ridiculous blog. He *thinks* he is not accountable for anything he says, but he is finding out otherwise.
WHERE IS THE 10K and 10Q???
Good! No response to SCHADEL IS A FRAUD! He can't possibly be doing ANYTHING right to get things "on track" if he isn't willing to report it in SEC financial documents. Where's the 10K and 10Q?????
Celebrating stock manipulation by the CEO as "brilliant" is anything but brilliant.
SO, Ryan is claiming (on Twitter...lol) that he renegotiated final settlement with note holders he negotiated final settlement with 6 months ago after going delinquent on all of his toxic debt.
What a fraud. Shareholders here are getting ready to learn a bitter lesson on paying attention to facts and not CEO pumps.
Ryan Schadel is a fraud. He knew fully well what his action would lead to. He was deeply involved with another company that did exactly what he is doing now.
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