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Yup! "Saks". From The Admiral's own mouth...
(I'll avoid the all-too obvious "saks in his mouth" reference... err... no I guess I won't!)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138992320
Kinda my point... we're not talking Goldman "Saks" here
I think Cellucci may be playing with words here...
I'm not sure where the original "conventional financing" quote came from, but the ones I've found all reference "more conventional financing".
Now, "more conventional financing" can either mean additional conventional financing, or financing that is closer to "conventional".
Seeing as how BVTK has never had ANY conventional financing, it appears safe to assume he's talking about the latter- financing that is closer to a conventional loan.
Well, an Equity Purchase, such as the one announced with Triton Funds, would certainly be "more conventional financing" than a straight convertible note.
Problem is, the EPA with Triton is actually even MORE like a toxic loan than a convertible note, given that they will be able to flip their shares immediately at a substantial discount to market, and without even paying for them upfront!
More Cellucci bullooshit.
Excellent work and summation, IP. Thanks.
At Sixes and Sevens...
Lyrics begin at 1:15...
BTW. Don't expect a quick response to any response. I've already spent too much time on this scam today. But I'll check in later. Thx.
Just curious. What do you think a "win"...
in the supposed TCA "litigation" would look like?
In real terms.
How would it benefit IHSI?
I mean, you've stated that all of Cresent's revenues are already legitimately IHSI revenues.
If I recall correctly, IHSI sued TCA on the basis that they were not an authorized lender in California... not sure about the facts there... please correct me if I'm wrong.
And TCA gave the Special Purpose Vehicle TCA Construction Co or something, what was it, about $500,000 towards the closing of the deal... but there was an additional amount required?
Honestly I just forget the details and don't care enough to look them up.
But the gist of the litigation is that TCA wasn't authorized to lend IHSI money... but they still DID, and they are still supposed to lend IHSI more money... so what would a settlement look like?
If, as you've said, IHSI is already running Cresent and receiving revenues... what's their beef?
Serious question. What do you expect a settlement could give IHSI? What damages have they incurred?
Because it sounds to me like THE STORY went this way...
IHSI to TCA: "Please lend us money to buy Cresent"
TCA to IHSI: "OK, just set up a Special Purpose Vehicle (TCA Construction) that WE'LL control, and we'll lend you the money.
IHSI: "Great. Thanks for the $500k (or whatever) for the closing!"
TCA: "No problem."
IHSI: "But wait! You weren't an authorized lender who could give us that money in California! We're going to sue!" (?)
TCA: Huh? We just loaned you money but you're going to sue us because you think we weren't allowed to? WTF? (I doubt this really happened, but I think it's all a scam)
CA Court: "Sorry- we won't even hear the case... CA is the wrong jurisdiction. Dismissed"
IHSI- "OK. We'll sue in Florida, where TCA is licensed!"
Florida case filed(?) Settlement talks ensue.
Settlement talks- "Ummm... OK, what were our damages?
Hmmm, let's see... we (IHSI) got $500k... and control of Cresent (as per you)... and are receiving their revenues... and ummmm... yeah... just what were our damages and what are we looking to get out of these talks?"
Some of the minutiae may be wrong, but I believe the main points are correct.
Bottom line, if you believe this was legit litigation- What can IHSI expect to get out of this? What damages did they suffer?
Honest question. You know I believe the whole thing is a sham, but if you don't...
What could IHSI possibly get out of this litigation/settlement? How were they damaged?
By borrowing money from someone they say shouldn't have loaned it to them?
What's the basis for any damage claim? How do you redress any "injury"? By returning the money to TCA???
Just doesn't add up. Really curious what your thoughts are as to what a settlement or judgment would look like.
So which ticker is this trading under now?
I see vol on IHub, but not on my trading platform, for either ticker- KLMK or DPLS.
David Singer probably still has IHSI Twitter access.
For those who don't know he was the former CFO(?) of IHSI.
Personally, I suspect he was the mastermind that led Jones and Kirkland down the primrose path to stinky-pinky land.
He's now a part-owner of KLMK (DarkPulse) along with Thomas Cellucci, the CEO of BVTK.
And of course, KLMK and BVTK have a Joint Venture agreement.
And IHSI supposedly got some money from BVTK.
If I remember correctly (and I know I'm close) BVTK Promo'd that they were going to "loan" IHSI $250K, but later filings show BVTK reneged and instead claimed to loan them about $25k.
I'll second that... GHS/Mark Grober are serial scammers-
This from back in 2016 re IHSI.... also $5mm... went nowhere... just meant to attempt a pump...
"$IHSI- Just another GHS Investments/Mark Grober SCAM! "
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=122224589&txt2find=ghs
Yup.... GHS is a BIG pump flag...
The deals never seem to actually happen... at least the last time I researched them:
"$IHSI- Just another GHS Investments/Mark Grober SCAM! "
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=122224589
Respectfully, sdcasper, RIGH doesn't have "all this volume."
Y'gotta disconnect from the illusion that "MILLIONS" of shares means volume.
The actual dollars are insignificant, hundreds or a few thousand at the very best.
That's not volume, that's the random gambler that decides to throw some lunch money down on a horse, without even bothering to check its track record.
As for the MJ stocks in YOUR list not having moved in years... maybe you need a new list.
Check out CGC, for example... a four bagger just this year... not recommending (I think it's now overpriced), but there are names with action.
You just won't find many, if ANY, in the OTC penny stock world.
Me, I'd be glad to take the gamblers' money at .0001 for RIGH shares.
There's a peace of mind that comes when you shed old garbage, accept it as a "lesson learned" and look forward to new opportunities. Been there, done that.
At this point anyone choosing to buy RIGH oughta know better.
And if he/she wanted to give me ANY money for my worthless shares, I'd gladly take it (if I had shares).
But if you choose to hold on to the dream, best of luck to you- sincerely.
"Morons" is right! Wotta hoot!
They can't even get their toxic debt 8K right?
Surprised they didn't file it as a 7K.
It's ridiculous when there is ANY Bid...
Currently 16MM+ shares on the Bid at .0001.
It's baffling that an existing "big" holder wouldn't take the opportunity to offload (sell) 16MM shares and pocket the $1,600.
It's just soooo obvious the RIGH price will never get better than this.
I mean come on...
The SEC has settled the fraud charges with CEO Aaron "Angel" Stanz, fined him over $158K, and enjoined him from participating in any penny stocks for FIVE YEARS!
(See IHUB Intro)
And if that weren't enough, there are 65 BILLION fully diluted Outstanding Shares.
No one will even buy the shell with this share structure and the outstanding debt (I forget the numbers, but it's there).
Or if by some miracle, someone wanted to buy it they would HAVE TO Reverse Split the crap out of current holders, bringing their worth down to near zero.
So why wouldn't a long-term holder take the chance to at least recoup $1,600, have a nice weekend somewhere and leave this nightmare behind?
Yeah, yeah, I know the answer....
"Well, I'd feel like such a fool if something magically happened and my millions of shares went to a penny... why should I give up that chance?"
Truth is... it's not even a chance.
It's just not gonna happen.
Me? I'd be hitting ANY bid all day long... but that's just me.
Hope springs eternal in pennyland, but it's a money losing proposition in RIGH.
Cresent's latest "Projects-in-Progress" are from 2013...
http://www.cresentconstruction.com/about-us/projects-in-process/
No mention of:
The NCSOS site doesn't tell the whole story, Burn.
Experienced traders/investors know that. It's a tangled web they weave.
Y'gotta be careful of "confirmation bias", especially in pinkyland.
I'm not going down this worthless rabbit hole any more except to leave you with a few facts.
Cresent Construction company is not controlled by IHSI- it is controlled by TCA Global Credit Master Fund, LP.
See the Operating Agreement here:
https://www.lawinsider.com/contracts/1Bf9AHNZLz9d9f6jE685Dy/intelligent-highway-solutions-inc/1549719/2017-03-24
And simplified for your viewing pleasure here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136763476
To reiterate- TCA GLOBAL controls whatever there may (or may not) be of Cresent Construction Company (see link above).
And what's more, from the NCSOS site, I believe the company is actually now in receivership.
Search the site for first word "Cresent" and you'll see the receivership name (changed in the last few months to "ABTV Receivership", presumably to be less obvious):
https://www.sosnc.gov/online_services/search/by_title/_Business_Registration
___________________________________________________________________
You'll also see there that Dewey Keith Gabriel has re-opened shop, DBA as...
_______________________________________________________________________
Think about it. In all likelihood, the only asset Cresent had WAS Dewey Keith Gabriel.
General contractors don't need anything but their contacts and contracts. No equipment needed, they just hire sub-contractors after securing contracts.
So Cresent was an easy choice for TCA Global to make it look like IHSI had revs, and allow for a PUMP where convertible debt holders could plausibly peddle billions of shares (remember those days?)
If after seeing this, and having been burned by the IHSI SunCloak fraud, anyone still believes this "Cresent" deal is legit, not to mention the laughable "FAZYNC", well- it's your money... to lose.
Should be fun to see how they manage to squirm out of this "lawsuit" nonsense. I mean, TCA Global loaned money to a company it controlled, then the holding company (IHSI) sues it for fraudulent lending, or whatever... tangled web, meant to deceive.
Best of luck. I'm done here. (For now )
"How come you check in on a 0.0001 stock then?"
IHSI has had a little sporadic volume.
That tells me that there are some who don't know its scummy history or the real nature of the "company" now... heavily in debt, with no prospects for getting out of it.
I don't like seeing scammers steal uninformed traders' money.
That's why.
"No future with PAS?"
As much future as there was with SunCloak- IHSI's last scam.
SEE:
"There IS NO "$92,000 order from Suncloak" for anything manufactured by IHSI!"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=118843711
KLMK is running out of "greater fools"
To be clear(er), the claims of FUTURE revenue are bogus.
What Cresent made in the past may or may not be true. Impossible to verify as it was a private company.
But it's irrelevant now, as the owner, Dewey Keith Gabriel, is almost surely now operating his "sold" general contracting business under another name.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136734129
I really hope that some of this sporadic volume is from existing victims of this scam being able to get out at least a little of their holdings.
Of course, I'm also sympathetic to any new traders that unknowingly buy into this defunct scam.
RIGH (Budgenius) is a "Prohibited Service Provider"...
..on the OTCMarkets page:
https://www.otcmarkets.com/stock/RIGH/overview
Here's how the FRAUD charges were settled:
Specificall, these were the FRAUD charges against Aaron "Angel" Stanz, Budgenius, Taylor Moffitt and Carlos Febles:
https://www.sec.gov/litigation/litreleases/2018/lr24148.htm
Some folks may not be aware of the SEC fraud charges..
So here:
SEC finally nails Aaron "Angel" Stanz and BudGenius...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141095192
And Dewey Keith Gabriel, former Cresent owner...
Has probably just re-opened his general contracting business under another, slightly different, name.
Think of it.
Being a general contractor is basically a one-man show.
You bid on jobs, secure contracts, then pull together sub-contractors, i.e., carpenters, electricians, plumbers, etc and contract with them to do their part according to a timetable you create.
A one-man show that is easily picked up and re-established under a different name.
Presumably, he got something out of the deal with TCA/IHSI to make it worth his while, but he was most certainly involved in the scam/sham.
And Cresent" is in receivership", aka "bankrupt"...
"Add to the mix... Cresent in 'receivership'?"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136748528
If anything, TCA "owns" Cresent...
Since TCA controls the Special Purpose Vehicle they instructed IHSI to set up to purchase Cresent.
SEE:
"Too much! For $10, TCA Global bought controlling interest..."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136763476
Enough, already. IHSI does NOT own Cresent...
So all the claims of "revenue" are bogus.
The Cresent "purchase" was a sham/scam designed by TCA to allow a pump so IHSI convertible debt could be dumped.
SEE:
It means IHSI does NOT own Cresent..
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141016569&txt2find=tca
"Helpcomm could go the same route as Viking"
Ahh, yes, Viking Telecom Services... one of Cellucci's most memorable cons.
Remember these outrageous claims from 2015?
Viking stopped producing ANY REVENUE by late 2016!
I agree- once Helpcomm's Boltons see the writing on the wall... look out below!
(You can tell Cellucci is lying because his mouth is open.)
https://vimeo.com/129811553
It's because they don't pay "detail to attention"!
A la:
https://ih.advfn.com/p.php?pid=nmona&article=76765419
Now, they can't even spell their own premier product, "Ecrypt" (no "N"), correctly:
https://www.nasdaq.com/press-release/bravateks-cybersecurity-systems-marketed-by-google-praised-by-worldrenowned-cybersecurity-expert-20180815-00347
It's that kind of "detail to attention" you want in your cyber-security products!
Wotta hoot!
DarkPulse is basically a shell game for Carebourn.
I think you nailed it, tut!
When I first saw the RM terms, I wondered where O'Leary was going to get the $150K payment, but this explains it!
No out-of-pocket expense to him at all (except maybe filing fees, etc).
And the former KLMK CEO, Paul Begum, must have made out like a bandit selling his personal shares (converted Preferreds?) at inflated prices during the pumped run-up prior to the RM finalization.
A win-win-win all-around for O'Leary, Cellucci, Carebourn (Chip Rice), Begum... everybody except for current KLMK holders.
Current holders have a company bought with debt that THEY will pay for and that ain't got nuttin'!
Wotta scam!
When you're counting on the "next greater fool"...
... to support your investment, chances are he's you (nothing personal, goat, speaking generally).
Remember KLMK's PPS was only about $0.025 just prior to the RM.
And that was with a much lower fully diluted share count.
The Reverse Merger increased the fully-diluted share count to close to 600MM shares (or more b/c of the "ceiling-less" Preferred Convertible shares owned by insiders).
So the fully-diluted Market Cap of this scam is now about $120MM, at a PPS of $0.20!
And for what?
O'Leary brought NOTHING to the table- no manufacturing, no verifiable customers, a "borrowed" headquarter office, and NO PROVABLE BUSINESS WHATSOEVER.
And now they've started the inevitable dilution via convertible notes at onerous terms.
Don't any holders want to know what this money is being used for?
The only hope for a KLMK holder is that there are many "greater fools" out there that will take their shares off their hands.
Good luck with that.
Sheesh. Wotta scam.
Some chum from BVTK's Cellucci...
Courtesy of flyersdh:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142589613
Well... it WAS just Shark Week!
Right you are, goat! Let's put on a SHOW!
Padawan O'Leary! Love it!
The FARCE is indeed with him!
...(even if) each and every preferred share is converted into commons and sold (it) would... not only dissolve the company...
In no way would this dissolve the company (absent the absurd dilution via the formula).
Insiders would simply not own any common shares (also a la BVTK), but could vote themselves majority voting shares.
The Admiral is Co-CEO.
And O'Leary is COB, if I recall correctly.
If they see they are losing the majority vote, they can simply vote to re-assign voting rights to another invented preferred share class, a la BVTK.
Lord Admiral Cellucci got around the "voting rights"...
... problem at BVTK by having the "Board" award him ONE preferred voting share (E?) in return for about $25K of deferred comp, if I recall correctly.
That one share now controls 100% of the voting rights for BVTK.
100%.
Voting rights would not be a hindrance to conversions.
So no PM to Dennis, huh?