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Reply:
PJC1,
Please, let us know the analysis from this SEC attorney on SANP, if she'll it give to you. Straight details from her, with no bias from you please.
PJC1 Monday, 05/01/17 07:10:53 PM
Re: None
Post #
25796
of 25797 Go
I'll answer what happened to Cathay. It went bust. So much for that $5 billion cigar market in China.
I think I have the phone number still for the SEC attorney that called me about a stock I was in, might be time to give her a call.
Reply:
Moneymarj,
Just asking here. Could you post some of the alerts so we could all see, if you don't mind?
Moneymarj Member Level Monday, 05/01/17 05:38:44 PM
Re: None
Post #
25792
of 25793 Go
As I'm poking around some of the other boards I noticed Sanp is on some alerts
Hmmmmm......interesting, interesting. Thanks for the post.
EmptyBones Member Level Monday, 05/01/17 02:13:53 PM
Re: Slojab post# 25779
Post #
25780
of 25792 Go
Been in 1000's of these over my 25 yrs. My estimates are 90% correct . Watch MM's run this soon.
On another note,
According to the OTC Short Report,....there was 0% short selling for SANP today.
http://otcshortreport.com/?index=SANP&action=view
------------------------------------------------------------------------------------
IHUB's Streamer Info:
Buy Volume: 6,126,000
Sell Volume: 82,153,000
Unknown Volume: 0
Number of Trades: 28
Trade Volume: 36,500,000
For....4/28/2017
Wow, so interesting is your post. Thanks.
EmptyBones Member Level Wednesday, 04/26/17 06:48:43 PM
Re: PJC1 post# 25672
Post #
25673
of 25686 Go
Buying the fear and negativity of people has been my specialty and success for over 25 yrs in the market, looking for that 1 out of a 1000 like SANP the golden nugget. That was the reason i was able to retire 20 yrs ago at the age of 40. FACT!! PATIENCE IS THE KEY.
Quote:
Doesn't show confidence shows how unrealistic he is trying to bait buyers.
The Asian cigar business was $5B too must be his magic number
Very nice post. Thanks
Wednesday, 04/26/17 04:39:39 PM
Re: TheRealMrPirate post# 25659
Post #
25660
of 25685 Go
I think all smart investors who have talked to Ceo on the phone can see he is doing what he says. He knew he had debt but will get that removed soon imo.
Next you will see the stop sign removed and current. Also you will see a Share reduction Hmmm interesting Ha!!
50 mill .000197 was a note holder converting and some small insider group or mm was lucky to get them.
I took a starter today and look forward to a nice uptrend starting soon.. I will check back in a few weeks
I was just in one like this that is a duplicate and it went from .0002 to .0034. Patience...
Quote:
$SANP News out OTC Markets!
https://www.otcmarkets.com/stock/SANP/news/SANP-dba-PODWERKS-Files-Initial-Information-and-Disclosure-Statement?id=157115&b=y
Thanks Bro...again!
RookieStockPicker Member Level Saturday, 04/22/17 11:07:23 AM
Re: PJC1 post# 25562
Post #
25563
of 25574 Go
$SANP Posting Podwerks Videos on OtcMarket website. Frank must be going Pink Current soon.
PODWERKS Design - Uploaded: 2017-04-21
https://www.otcmarkets.com/stock/SANP/video-and-presentations
Thanks Bro.
RookieStockPicker Member Level Monday, 04/24/17 11:14:12 AM
Re: None
Post #
25574
of 25574 Go
SANP Verified Company Profile 4/24/2017
Contact Info
3105 NW 107th Ave. Suite 400
Ft. Lauderdale, FL 33172
Website: http://www.podwerks.com
Phone: 844-420-4203
Email: info@podwerks.com
Find us on: Twitter Facebook
Business Description
Podwerks is a co-working space for cannabis entrepreneurs in the United States, providing the necessary framework to grow, market, and sell all cannabis related products. Our aim is to create a sustainable and community driven workspace by providing an affordable, scalable and a safe business environment for our tenants. All Podwerks spaces will feature three types of pods: â?¢ Growing pods o Nursery, Production and Drying â?¢ Office Space pods o Desk space, Wi-Fi, printers, copy machines, meeting rooms, free snacks â?¢ Retail Space pods o Coffee Shop, Hardware Supply Shop, Co-op Shop Podwerks spaces will be located in urban designated zones permitting the commercial cultivation, and sales of cannabis related products. Each site will have an average of ten modified steel shipping container pods with an onsite manager overseeing day to day operations. Working with local and state agencies, Podwerks container pods will comply with all building code requirements to ensure the safety of our tenants. Community is an essential part to Podwerks mission of Grow for Life. Podwerk tenants can benefit from a series of social and professional events designed to foster collaboration and create a strong and expansive community. Some of these events will include speaker series, investor panels and local governments outreach, among others.
Thanks Bro.
RookieStockPicker Member Level Saturday, 04/22/17 11:19:08 AM
Re: None
Post #
25564
of 25574 Go
$SANP SS Updated on Otc 4/21/17
Authorized Shares
9,500,000,000
a/o Apr 21, 2017
Outstanding Shares
2,720,124,998
a/o Apr 21, 2017
-Restricted
71,524,500
a/o Apr 21, 2017
Reply:
Slojab,
Well.....break it down then. A little more substance please.
But then again, you find that the OTC Short Report is a bunch of nonsense, right?
Sorry....I don't comment on anything regarding the absurdity of the "short report" except to say it's nonsense.
Slojab Member Level Wednesday, 04/19/17 07:33:41 PM
Re: Maker13 post# 25451
Post #
25454
of 25454 Go
You're just confused as to what's being represented on both issues.
Reply:
RookieStockPicker,
Tomorrow is the big day indeed. I'm hoping for a (Positive) Trump Administration announcement on MJ too.
RookieStockPicker Member Level Wednesday, 04/19/17 07:21:12 PM
Re: None
Post #
25452
of 25452 Go
$SANP 4/20 Mary Jane Day. Twitter blowing up, smells like a run is coming.
Reply:
Slojab,
It was unusual to see it at "0"...in comparison to the Buys/Sells. That's all.
Regarding the short report, it does seem to differ greatly with today's IHUB streamer info.
Check it out:
http://otcshortreport.com/?index=SANP&action=view
------------------------------------------------------------------------------------
4/19/2017
77.82% Short Volume
Total Volume: 42,458,249
Short Volume: 33,041,051
------------------------------------------------------------------------------------
IHUB Streamer:
Buy Volume: 38,858,249
Sell Volume: 3,600,000
Unknown Volume: 0
Number of Trades: 44
Trade Volume: 333,333
-------------------------------------------------------------------------------------
Anyone else on this board like to comment,...please?
---------------------------------------------------------------------------------------
Slojab Member Level Wednesday, 04/19/17 06:55:38 PM
Re: Maker13 post# 25449
Post #
25450
of 25450 Go
What's "different" about unknown volume being 0? What would it be but 0?
Sorry....I don't comment on anything regarding the absurdity of the "short report" except to say it's nonsense
Just a future note:
Buy Volume: 38,858,249
Sell Volume: 3,600,000
Unknown Volume: 0........? That's different....hmmmmm.
Number of Trades: 44
Trade Volume: 333,333
The OTC Short Report for today seems to be in contrast to IHUB's streamer info. Any Comments, please?
http://otcshortreport.com/?index=SANP&action=view
* Buys clearly outweigh the Sells.
For....4/19/2017
Mr. Franjosé Yglesias, CEO, stated,
"Our focus is a two prong approach: one is to get the company current, which we are currently doing with our auditors.
The second is to get our new business running and making money, plain and simple."
http://ih.advfn.com/p.php?pid=nmona&article=74122175
Reply:
nkarczewski,
* I'm waiting on the SUPER 10-K to be submitted for the full reporting current status...(should be coming up anytime now). Looking forward for MJ growers to start buying SANP products too. Also, it hasn't been confirmed or denied yet if it's still operational, SANP (still has) a Cigar logistic's business in China before they went into the MJ business (now). It has been analyzed, the profits from the Cigar business is the start up for their new MJ business currently.
* Contact OTCPennyPincher. He has been in contact with management several times in the past through Twitter. He's been aware of the latest updates.
https://twitter.com/OTCPennyPincher/with_replies
--------------------------------------------------------------------------------------
Maker13 Tuesday, 03/28/17 01:23:38 PM
Re: Dragonwing post# 25143
Post #
25148
of 25413 Go
Dragonwing, lets get those 420Depot products out to those growers so they can save money on the electrical bill.
Dragonwing Tuesday, 03/28/17 12:20:51 PM
Re: None
Post #
25143
of 25147 Go
I don't care if the twos are getting hit. Today's news is great.
I have spent thousands on growing equipment. I have a few of these: http://growershouse.com/6-cool-tube
Now look how much Yongkang Tengrun Electronics Co.charges for them: http://tide-star.en.alibaba.com/product/883969212-213547168/Custom_aluminum_reflector_for_Hydroponic_Grow_Tent_System.html
Nice profit!
SANP will bounce back
----------------------------------------------------------------------------------
* A good neutral post.
TheRealMrPirate Wednesday, 04/05/17 11:14:53 AM
Re: Maker13 post# 25267
Post #
25269
of 25269 Go
$SANP Maker13, when I was researching into SantoMining I was originally looking for mining juniors. The fact that they are turning towards MJ put an unknown spin on things. I view the MJ sector as an unknown. I've said it before, no one can really predict what's going to happen down the road. With a lot of States + Canada on the way to legalize it, it will open a ton of doors to new avenues of revenue for a lot of companies that people don't even know about. $SANP getting into the sector could be absolutely explosive if they can move forward with what they're trying to do. If they can progress even a little bit I could easily see the pps move into double zeros..0.0015 easily. A 2nd or 3rd Pr with substance to it could push it in a large way, you really can't predict it. A lot of people has told me to watch out for the CEO's past but in the same breathe, you don't live in the past. If he can even come through with even an ounce of what's listed on the PR's, then #Santo/420 will be on it's way. The MJ sector as a whole, I think it's uncharted territory. That's my opinion on the whole thing but it really is an unknown with unlimited potential that no one can really predict.
-------------------------------------------------------------------------------------------------
* Some more stuff for you to check out.
Regarding the SUPER-10-K
http://bradshawlawgroup.com/curing-delinquent-securities-filings-super-10-k/
Regarding the 3rd party audit company...for the Super 10-k
https://pcaobus.org/
****Santo Mining Engages Thayer O'Neal Company, PLLC as PCAOB Auditors
DORAL, FL / ACCESSWIRE / March 10, 2017 / Santo Mining Corporation (OTC PINK: SANP), (the "Company"), today announces that the Board of Directors in a extraordinary board meeting has approved and engaged Thayer O'Neal Company, PLLC as the approved PCAOB Auditors for the company. Thayer O'Neal will be conducting the company audit for the fiscal year-end 2015 & 2016 financials. This audit is one key step in providing transparency to our shareholders and to achieve a fully reporting filling status for the SEC.
Mr. Franjosé Yglesias CEO/Chairman of SANP stated, "Our target is to file a super 10-K to make the company fully reporting once again, it has been a long road to where we are today and we thank our shareholders and investors for the loyalty and patience they have showed us. We will be diligently working on this audit and we estimate to have it finished in 45 days. During the weeks to come we will also be engaging with SEC attorneys that will be conducting a historical audit of all the SEC fillings and coordinating the new fillings via Edgar."
About Thayer O'Neal Company, PLLC
Thayer O'Neal is an accounting firm based in Houston, Texas and registered with the Public Company Accounting Oversight Board registered number 6167. The firm serves companies throughout the US, Canada and Europe who are traded on US securities markets and file with the Securities and Exchange Commission as well as the Canadian Stock Exchange.
http://www.thayeroneal.com/
https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=A73A2C15C357ED0E202C668006FF05E2
https://twitter.com/podwerks
https://www.420depot.us/
Twitter: http://www.twitter.com/santominingotc
https://twitter.com/420DepotOTC
Stock Transfer Agent.
Aminah Williams-Martin
Receptionist
Pacific Stock Transfer Company
www.pacificstocktransfer.com
Corporate Office Operations Office
173 Keith Street, 300 6725 Via Austi Pkwy, Suite 300
Warrenton, VA 20186 Las Vegas, NV 89119
Accounting: 571-485-9998 Phone: 702-361-3033
Corporate: 571-485-9998 Fax: 702-433-1979
-----------------------------------------------------------------------------------
Old S.E.C. Form 8-K Filing - 2 APR 2015
https://www.sec.gov/Archives/edgar/data/1499275/000129460615000063/santomining-form8kfor0403201.htm
from the 8-K
-------------------------------------------------------------------------------
Mr. Yglesias has lived and work in China for over 9 years in the Food, Wine & Spirits industry in China. While serving as the CEO of China Food Services Corp, he consulted and strategized for the American Embassy USATO and the Costa Rica Chamber of Commerce “Procomer”. He has landed major accounts like Carrefour, Metro, Jinkelong, and Vanguard Hypermarkets and hotel brands such as Shangri-La, Marriot, Renaissances, Holiday Inn and many others.
He started his professional career working in the early 90’s with Associated Grocers of Florida, than moved up the corporate ranks to Manager of Telecommunications Latin America Division for Eastman Kodak, where he learned the value of applying his Engineering skills to simplify and automating productivity in the manufacturing and the logistics worldwide divisions of Kodak, he graduated from the University of Costa Rica in 1987 with an Electrical Engineering Degree. In 2001, he co-founded Acero Systems, an integration company where his logistical and manufacturing knowledge landed him accounts like Lennar Homes, Del Monte Fresh Produce, and the City of Plantation.
-------------------------------------------------------------------------------
Mr. Arnett, a MBA Graduate, published on Journal of Economics and Science China University Of Economics and Business. A recipient of the China Business Scholar Chinese Government Scholarship with Ivy League education, Mr. Arnett has almost over 10 years of experience doing business in China. He has been influential in molding and shaping the event, entertainment and nightlife industry throughout China.
Mr. Arnett has been a producer, strategist and marketing consultant working with clients such as Coca Cola, Mercedes Benz, Hilton, Hyatt, Apple, Swire Group, Marlboro, Chivas, Absoult Vodka, Cohiba Cigars and many others. Involved in some of the most high-profile events in entertainment, both in the China and abroad, Mr. Arnett has produced live events featuring musical performances by today’s most popular artists as well as legendary Grammy winners. These artists include Kanye West, Usher, Akon, Pitbull, The Black Eyed Peas, Sean Kingston, Ludacris, 30 Sec to Mars, Grandmaster Flash, Mary J. Blige, John Legend, lil Jon, Fat Joe, Ying Yang Twins and more.
-------------------------------------------------------------------------------------
nkarczewski Tuesday, 04/18/17 02:12:03 PM
Re: None
Post #
25408
of 25413 Go
QUESTION!!?? I havn't been following this stock but am interested in buying. Can Anyone give me a brief description to what is going on with SANP? what is the anticipation about? Are we waiting on NEWS or a merger of some sort?
Find Opportunity Everywhere at E*TRADE.Advertisement
Nice!..thanks OTCPennyPincher
https://twitter.com/podwerks/with_replies
OTCPennyPincher Sunday, 04/16/17 07:15:56 PM
Re: None
Post #
25379
of 25385 Go
$sanp new website !!! https://www.podwerks.com/?
Company just tweeted saying big announcement soon.
Reply:
Slojab,
Ok, I can see it now.
But, (Mickey O'Neal and John Thayer) are now separated from L.L. Bradford. They started Thayer O'Neal in 2015.
Thayer O'Neal linkedin page:
https://www.linkedin.com/company-beta/10176515/
They love cigars. There's the real affiliation with Franjose..(my opinion...lol...see pics)
------------------------------------------------------------------------------------------
https://www.linkedin.com/in/mickeyoneal/
Thomas M. "Mickey" O'Neal, CPA
Managing Partner at ThayerONeal, LLC
ThayerONeal, LLC University of Houston
Managing Partner
Company Name ThayerONeal, LLC
Dates EmployedJun 2015 – Present Employment Duration1 yr 11 mos
LocationHouston, Texas
Thayer O'Neal Company, LLC is a new CPA firm organized on June 1, 2015. John Thayer and Mickey O'Neal previously worked together as partners in the regional CPA firm of PMB Helin Donovan. Mickey Left that firm in February of 2013 and started the Houston office of LL Bradford & Company, LLC, a regional firm based in Las Vegas Nevada. John Thayer and his tax staff joined Mickey in August of 2013.
In 2014, LL Bradford experienced difficulties with the Securities and Exchange Commission related to issues that occurred prior to Thayer & O'Neal joining and, as a result, transferred most of their SEC clients to the firm of RBSM, a regional firm based in New York.
Mickey & John did not agree with this transfer and decided to opt out of RBSM and started their own firm in June of 2015.
---------------------------------------------------------------------------------------
John Thayer:
https://www.linkedin.com/in/john-thayer-4b79748/
John Thayer
Senior Partner at ThayerO'Neal Company {LLC
ThayerO'Neal Company PLLC
Slojab Member Level Friday, 04/14/17 10:28:42 PM
Re: Maker13 post# 25371
Post #
25374
of 25376 Go
Thayer and O'Neal left LL Bradford & Company in 2015 after they were shut down by the PCAOB in April for numerous violations. Thayer was a partner at LL Bradford.
They became Cen Biotech's auditor. And we know what happened to that company.
Reply:
PJC1,
Ahhhhh....gotcha...whatever you say PJC1. ;)
***Ok, everyone has there opinion...I'll give ya that PJC1***
PJC1 Friday, 04/14/17 08:20:02 PM
Re: None
Post #
25372
of 25372 Go
Frankie signed up with an out of state auditor for a reason. It's the OTC way, find a guy that will cook the books for you and call it audited.
Reply:
PJC1,
When did L. L. Bradford & Company, LLC.....change.....it's name to Thayer O'Neal Company PLLC?
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=308446683
Can-Cal Resources Ltd. Announces Auditor Changes
Aug 24 15
On August 17, 2015 Can-Cal Resources Ltd. was notified by L. L. Bradford & Company, LLC that the firm resigned as the independent registered public accounting firm. On August 17, 2015, the company engaged Thayer O'Neal Company PLLC as its independent registered public accounting firm for the company's fiscal year ended December 31, 2014. The decision to engage Thayer O'Neal as the company's independent registered public accounting firm was approved by the company's board of directors.
-----------------------------------------------------------------------------------------
https://www.sec.gov/Archives/edgar/data/1083848/000101968715003243/cancal_8k.htm
8-K 1 cancal_8k.htm FORM 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 18, 2015
Can-Cal Resources Ltd.
(Exact name of registrant as specified in its charter)
Nevada 0-26669 86-0865852
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
127 Estelle Avenue, Toronto, Ontario M2N 5H6
(Address of Principal Executive Officers) (Zip Code)
Registrant's telephone number, including area code: (702) 243-1849
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT.
Previous independent registered public accounting firm
On August 17, 2015 CAN-CAL RESOURCES LTD. (the “Registrant” or the “Company”) was notified by L. L. Bradford & Company, LLC (“L. L. Bradford”) that the firm resigned as the Registrant’s independent registered public accounting firm.
During the period preceding this resignation, the company has not had any "disagreements" (as such term is defined in Item 304 of Regulation S-K) with L. L. Bradford & Company, LLC on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
During the period since L. L. Bradford & Company, LLC was appointed as independent registered public accounting firm of the company through August 17, 2015, there were no -reportable events" (as such term is defined in Item 304 of Regulation S-K).
The Company provided L. L. Bradford with a copy of this disclosure set forth under this Item 4.01 and was requested to furnish a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the above statements.
A copy of the letter from L. L. Bradford is attached hereto as Exhibit 16.1
New independent registered public accounting firm
On August 17, 2015 (the "Engagement Date"), the Company engaged Thayer O'Neal Company PLLC ("Thayer O'Neal ") as its independent registered public accounting firm for the Company's fiscal year ended December 31, 2014. The decision to engage Thayer O'Neal as the Company's independent registered public accounting firm was approved by the Company's Board of Directors.
During the two most recent fiscal years and through the Engagement Date, the Company has not consulted with Thayer O'Neal regarding either:
1. the application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report was provided to the Company nor oral advice was provided that Thayer O'Neal concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or
2. any matter that was either the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K and the related instructions thereto) or a reportable event (as described in paragraph (a)(l)(v) of Item 304 of Regulation S-K).
Item 9.01 Financial Statements and Exhibits
(a) Financial statements of businesses acquired.
Not applicable
(b) Pro forma financial information.
Not applicable
(c) Shell company transactions.
Not applicable
(d) Exhibit
Exhibit No. Description of Exhibit
16.1 Letter from L.L. Bradford & Company, LLC
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CAN-CAL RESOURCES LTD.
Dated: August 18, 2015 By: /s/ Michael Hogan
Name: Michael Hogan
Title: President and Chief Executive Officer
-------------------------------------------------------------------------------------------
https://www.accountingtoday.com/news/pcaob-sanctions-5-auditors-for-violations
PCAOB Sanctions 5 Auditors for Violations
By
Michael Cohn
Published
April 07 2015, 1:59pm EDT
The Public Company Accounting Oversight Board has sanctioned five current and former partners and employees of the auditing firms L.L. Bradford & Company, LLC in Las Vegas and Samyn & Martin in Kansas City, Mo., for violating PCAOB requirements for auditor independence, audit partner rotation, and audit planning and performance.
"These orders reinforce the principle that independence is the bedrock of auditor objectivity," said Claudius B. Modesti, director of PCAOB Enforcement and Investigations, in a statement last week. "Investors rely on auditors being independent of their public audit clients in both fact and appearance."
In one order, the PCAOB found that Dustin M. Lewis and Eric S. Bullinger, while partners at L.L. Bradford & Company, violated audit partner rotation requirements with respect to the audits and reviews of six public companies. The board also found that, in violation of PCAOB standards that require a two-year "cooling off" period, Bullinger served as the engagement quality reviewer immediately after serving as engagement partner for the audits of two public companies. The Board further found that, on another audit, Lewis failed to perform his engagement quality review in accordance with PCAOB standards.
The PCAOB censured Lewis, barred him from associating with a PCAOB-registered public accounting firm, with the right to petition to remove the bar after two years, and imposed a $10,000 civil money penalty against him. The Board censured Bullinger and barred him from associating with a PCAOB-registered public accounting firm, with the right to petition to remove the bar after one year.
In a second order, the PCAOB found that Suzanne M. Herring violated independence requirements by providing bookkeeping services, financial statement preparation services, and valuation services to two public company audit clients for which she also served on the audit engagement teams at Samyn & Martin. In addition, the board found that Herring, while at L.L. Bradford & Company, directly and substantially contributed to the violation of independence requirements concerning the provision of prohibited non-audit services with respect to a public company audit client.
The PCAOB censured Herring, barred her from associating with a PCAOB-registered public accounting firm, with the right to petition to remove the bar after two years, and imposed a $5,000 civil money penalty against her.
In a third order, the PCAOB found that Hazel-Leilani De Los Reyes Bradford, while a partner at L.L. Bradford & Company, directly and substantially contributed to violations of PCAOB quality control standards related to providing sufficient assurance of compliance with independence requirements. The board found that Ms. Bradford assumed the role of quality control partner at the firm despite a lack of public company audit experience and an inadequate knowledge of PCAOB standards and relevant SEC rules and regulations.
The board censured Bradford, barred her from associating with a PCAOB-registered public accounting firm, with the right to petition to remove the bar after two years, and imposed a $25,000 civil money penalty against her.
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In a fourth order, the PCAOB found that Gordon Brad Beckstead, in his role as engagement partner on an L.L. Bradford & Company audit of a public company, violated PCAOB standards in multiple respects. Among other things, he failed to properly plan the audit, appropriately assess risks, evaluate the qualifications and competence of a specialist, perform sufficient audit procedures to assess the reasonableness of assumptions used by the specialist, and appropriately test the company's reported revenue.
The board suspended Beckstead from associating with a PCAOB-registered public accounting firm for one year, and limited the activities that he may perform in connection with public company audits for one additional year. The PCAOB also censured Beckstead and required him to complete professional education courses related to public company audits.
The PCAOB noted that the respondents each consented to the orders without admitting or denying the board's findings. The findings were made pursuant to respondents' offers of settlement and are not binding on any other persons or entities in these proceedings or in any other proceeding. The PCAOB investigation was conducted by PCAOB Enforcement staff members Jennifer Gibbons, Michael Steele and Bryant Coleman.
--------------------------------------------------------------------------------------
Voices Auditors’ and accountants’ guide to SEC whistleblower awards
By
Jason Zuckerman
Matthew Stock
Published
April 14 2017, 10:33am EDT
The SEC Whistleblower Program has awarded more than $150 million to 42 whistleblowers. Under the program, the SEC issues awards to individuals who provide original information that leads to enforcement actions resulting in monetary sanctions of more than $1 million. Whistleblowers’ awards range from 10 percent to 30 percent of the resulting monetary sanctions. The program allows whistleblowers to report anonymously if represented by counsel.
Many auditors (internal and external) and accountants may incorrectly assume they are not eligible for awards under the program. In certain circumstances, however, the SEC allows these employees to report violations and become eligible for awards. In doing so, the SEC recognizes that auditors and accountants often are in the best position to recognize and expose fraud.
Tip #1: Determine Eligibility
SEC building with official seal
Image: Bloomberg
The first step in any successful whistleblower claim for auditors and accountants is to determine eligibility. This requirement can be very complex for these professionals as the SEC Whistleblower Program has a general rule that individuals who are integral to a company’s compliance are not eligible for awards unless an exception applies. These individuals include employees whose principal duties involve compliance or internal-audit responsibilities, employees of public accounting firms, and even the officers, directors, trustees or partners of the relevant entity.
The exceptions to this rule, found in Section 21F-4 of the Securities Exchange Act, allow certain auditors and accountant to report to the SEC and receive awards under the program if:
(A) They reasonably believe the disclosure is necessary to prevent conduct that is likely to cause “substantial injury” to the financial interest or property of the entity or investors;
(B) They reasonably believe the entity is engaging in “conduct that will impede an investigation of the misconduct”; or
(C) At least 120 days have passed either since they properly disclosed the information internally, or since they obtained the information under circumstances indicating that the entity’s officers already knew of the information.
Notably, the 120-day exception in (C) does not apply to external auditors who obtained the information during the audit of an issuer. Instead, external auditors can immediately report to the SEC after they inform a superior in their accounting firm about improper or illegal client activity and the accounting firm fails to promptly report the securities law violation to the SEC. The first two exceptions also apply to external auditors when the violation is “material.”
So, what exactly do these exceptions mean…?
(A) Information Necessary to Prevent “Substantial Injury” to Financial Interest
In April, 2015, the SEC issued an award of more than $1 million to a compliance professional who “had a reasonable basis to believe that disclosure to the SEC was necessary to prevent imminent misconduct from causing substantial financial harm to the company or investors.” The SEC has not, however, provided detailed guidance on what type of conduct is “likely” to cause “substantial financial harm.” This ambiguity may work in whistleblowers’ favor, as the SEC has used its discretion to issue awards liberally.
In a recent enforcement action, the SEC awarded more than $5.5 million to a whistleblower who failed to meet the requirements for an award. Specifically, the whistleblower did not provide his or her disclosures “in writing,” as the Whistleblower Program requires. The SEC cited “highly unusual circumstances” in deciding to waive the “in writing” requirement for the whistleblower, who had provided information in a manner “expressly requested” by SEC enforcement staff.
(B) Information About “Conduct that Will Impede an Investigation of the Misconduct”
Auditors and accountants can also report to the SEC if their information reveals conduct by the entity that will impede an investigation of the misconduct. While the SEC has not yet issued an award under this exception, the rule appears to be straightforward: if one has evidence of tampering with an internal investigation, then he or she is permitted to report to the SEC immediately. This improper conduct may include destroying documents, influencing witness or concealing material information.
(C) 120-Day Exception
The final, and most concrete, exception applies where at least 120 days have passed since the auditor (excluding external auditors who obtained the information during the audit of an issuer) or accountant reported the information to their supervisor or to another person in the organization who is responsible for remedying the violation (i.e., the audit committee, chief legal officer, chief compliance officer, or their equivalents). Alternatively, the individual may report the information at least 120 days after receiving the information, if it was received under circumstances indicating that any of the aforementioned parties was already aware of it.
Importantly, any whistleblower who chooses this route should document the date of his or her disclosure in, for example, an email. Prior to receiving an award, all whistleblowers must prove their eligibility. Documentation that proves they waited 120 days may be the difference between a multimillion-dollar award or nothing.
Accordingly, eligibility depends on various factors. If you are uncertain about your eligibility, you should consult with an experienced SEC whistleblower attorney. A skillful analysis may be the difference between a multimillion-dollar whistleblower award and no award at all.
Tip #2: Establish a Material Violation
The second step for auditors and accountants is to determine whether they can establish a material violation of federal securities law. Auditors may be surprised they are not the only profession that constantly refers to the “materiality” of issues. In order words, can you show the SEC that your tip concerns a violation that is serious enough to warrant the use of its limited resources?
Whistleblowers have filed more than 18,000 tips with the SEC in the past five years. In a perfect world, the SEC would be able to investigate all legitimate tips and stop even immaterial violations. However, the SEC has limited resources, so it can pursue only the best tips (see Tip #5 on how to get the SEC’s attention with your tip).
If you have a hunch about a violation but lack any proof, then it may be worth investigating further, rather than submitting an incomplete or speculative claim to the SEC. Tips generally fall to the wayside unless they provide “specific” and “credible” information about material violations. That said, most whistleblowers should submit their tips as soon as possible (see Tip #3).
Tip #3: Act Fast
It is never too early to think about maximizing your potential award. Auditors and accountants may receive anywhere from 10 to 30 percent of the monetary sanctions collected in actions brought by the SEC and in related actions brought by other regulatory or law-enforcement authorities. And the timing of a whistleblower’s tip is a significant factor considered by the SEC in determining whether, and how much, to award.
To be eligible for an award, a whistleblower must first submit “original information.” Original information is any information the SEC does not already have. Whistleblowers who wait to report information, therefore, risk that someone else will submit the same information to the SEC first. Keep in mind that even if the SEC has already opened an investigation, whistleblowers may still qualify for an award if their information “significantly contributes” to the success of an enforcement action.
Next, the whistleblower office may reduce the amount of an award if the whistleblower unreasonably delays reporting the violation to the SEC. About 20 percent of the awards issued through 2015 were reduced because of an unreasonable reporting delay. In making this determination, the whistleblower office considers whether:
• The whistleblower failed to take reasonable steps to report the violation or prevent it from occurring or continuing;
• The whistleblower was aware of the violation but reported to the SEC only after learning of an investigation into the misconduct; and
• There was a legitimate reason for the whistleblower to delay reporting the violation.
For example, on Feb. 28, 2017, the SEC reduced a whistleblower’s award percentage to 20 percent due to the whistleblower’s delayed reporting and connections to the violation. According to the SEC’s order, “the Claims Review Staff reduced the award below from what it might otherwise have been because of both the Claimant’s culpability in connection with the securities law violations at issue in the Covered Action and the Claimant’s unreasonable delay in reporting the wrongdoing to the Commission. The Claimant did not submit a response challenging the Preliminary Determination.”
Finally, to be eligible for an award, some whistleblowers must take certain actions (e.g., the 120-day exception for auditors in certain circumstances, see Tip #1) before reporting to the SEC. Whistleblowers should therefore understand and consider the specific eligibility requirements in determining when to report to the SEC.
Tip #4: Know the Rules before Filing with the SEC
Besides avoiding “unreasonable delay,” auditors and accountants should be aware of other actions that influence the size of awards. Whistleblowers must learn the rules early on because some actions must be taken prior to filing with the SEC. For example, the whistleblower office may reduce the amount of an award if the whistleblower:
• Participated in, or was culpable for, the reported securities-law violation; or
• Interfered with the company’s internal compliance and reporting systems.
On the other hand, the whistleblower office may increase the amount of an award based on:
• The tip’s significance to the success of any proceeding brought against wrongdoers;
• The assistance that you and your legal representative provide in the SEC action or related action;
• The SEC’s law-enforcement interest in deterring the specific violation; and
• Whether, and the extent to which, you participated in your company’s internal compliance and reporting systems.
Accordingly, auditors and accountants have an incentive to report internally to their companies’ compliance personnel before going to the SEC. If whistleblowers choose to report internally (excluding external auditors who obtained the information during the audit of an issuer, see Tip #1) then they should also report the same information to the SEC within 120 days. That way, in evaluating a potential award, the SEC will consider the date of the internal report, rather than the date that the whistleblower reported to the SEC. As the SEC puts it, the whistleblower office will “hold your place in line.” This may determine, for example, whether a whistleblower submitted “original information.”
Tip #5: Draft a Tip that Grabs the SEC’s Attention
The SEC Whistleblower Office is relatively small, and thousands of tips are submitted annually. Whistleblowers and their attorneys should tailor their tips to quickly grab the SEC’s attention. While we could write a book on this section alone, here are a several “rules” to keep in mind when drafting your SEC Form TCR:
1. Provide the SEC with a clear roadmap for a successful enforcement action. Do not submit a pile of documents and expect the whistleblower office to figure it out. Instead, walk the SEC step by step through specific and credible examples of the violation(s).
2. Demonstrate how the violation is “material.” The SEC investigates only those violations that are serious enough to warrant the use of its limited resources. While demonstrating materiality, be sure to analyze the legal issues and tie them to the specific violations. This should include a discussion of potential challenges that the SEC may encounter and how the agency should address them.
3. If possible, provide the whistleblower office with documentation of the violation. The SEC is much more likely to act on a tip supported by strong evidence. A recent decision in Erhart v. Bofi Holdings clarifies that whistleblowers (even whistleblower who signed confidentiality agreements with their employers) are permitted to take “appropriate” company documents that are “reasonably necessary” to disclose fraud to the government. The judge warned, however, that wholesale stripping of confidential documents that is “vast and indiscriminate” may not immunize the whistleblower from potential liability.
4. Exclude certain types of evidence. For example, the SEC does not want information that may violate the company’s attorney-client privilege (e.g., documents, including emails, that involve advice from inside or outside counsel). If you have completed your due diligence and consulted with an attorney, and you still have questionable evidence, then you may want to notify the SEC so that its taint team can handle that evidence.
-------------------------------------------------------------------------------------
****Ahhhhhh....the article you must of got your info from?
Ok, everyone has there opinion...I'll give ya that PJC1
https://seekingalpha.com/article/3998215-nymox-offshore-biotech-promotion-will-go-zero-yes-zero
**** Unremedied material weakness in internal controls, a "going concern" warning and a highly problematic penny stock auditor of past stock promotions. Auditor Thayer O'Neal is simply a renamed "spin off" from previous auditor who was dissolved by the PCAOB for gross audit deficiencies.
PJC1 Thursday, 04/13/17 07:23:37 PM
Re: None
Post #
25368
of 25370 Go
Nymox's auditor, Thayer O'Neal, was created as a direct spinoff of LL Bradford, when that firm was recently shut down by the PCAOB for multiple gross audit deficiencies. The new "spin off" auditor simply changed its name and picked up LL Bradford's troubled clients, all of which (aside from Nymox) have imploded to just pennies.
Reply:
Green_gold,
Check out these links:
Regarding the SUPER-10-K
http://bradshawlawgroup.com/curing-delinquent-securities-filings-super-10-k/
Regarding the 3rd party audit company...for the Super 10-k
https://pcaobus.org/
****Santo Mining Engages Thayer O'Neal Company, PLLC as PCAOB Auditors
DORAL, FL / ACCESSWIRE / March 10, 2017 / Santo Mining Corporation (OTC PINK: SANP), (the "Company"), today announces that the Board of Directors in a extraordinary board meeting has approved and engaged Thayer O'Neal Company, PLLC as the approved PCAOB Auditors for the company. Thayer O'Neal will be conducting the company audit for the fiscal year-end 2015 & 2016 financials. This audit is one key step in providing transparency to our shareholders and to achieve a fully reporting filling status for the SEC.
Mr. Franjosé Yglesias CEO/Chairman of SANP stated, "Our target is to file a super 10-K to make the company fully reporting once again, it has been a long road to where we are today and we thank our shareholders and investors for the loyalty and patience they have showed us. We will be diligently working on this audit and we estimate to have it finished in 45 days. During the weeks to come we will also be engaging with SEC attorneys that will be conducting a historical audit of all the SEC fillings and coordinating the new fillings via Edgar."
About Thayer O'Neal Company, PLLC
Thayer O'Neal is an accounting firm based in Houston, Texas and registered with the Public Company Accounting Oversight Board registered number 6167. The firm serves companies throughout the US, Canada and Europe who are traded on US securities markets and file with the Securities and Exchange Commission as well as the Canadian Stock Exchange.
http://www.thayeroneal.com/
https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=A73A2C15C357ED0E202C668006FF05E2
https://www.420depot.us/
Twitter: http://www.twitter.com/santominingotc
https://twitter.com/420DepotOTC
https://www.instagram.com/420depototc/
Stock Transfer Agent.
Aminah Williams-Martin
Receptionist
Pacific Stock Transfer Company
www.pacificstocktransfer.com
Corporate Office Operations Office
173 Keith Street, 300 6725 Via Austi Pkwy, Suite 300
Warrenton, VA 20186 Las Vegas, NV 89119
Accounting: 571-485-9998 Phone: 702-361-3033
Corporate: 571-485-9998 Fax: 702-433-1979
-----------------------------------------------------------------------------------
Old S.E.C. Form 8-K Filing - 2 APR 2015
https://www.sec.gov/Archives/edgar/data/1499275/000129460615000063/santomining-form8kfor0403201.htm
from the 8-K
-------------------------------------------------------------------------------
Mr. Yglesias has lived and work in China for over 9 years in the Food, Wine & Spirits industry in China. While serving as the CEO of China Food Services Corp, he consulted and strategized for the American Embassy USATO and the Costa Rica Chamber of Commerce “Procomer”. He has landed major accounts like Carrefour, Metro, Jinkelong, and Vanguard Hypermarkets and hotel brands such as Shangri-La, Marriot, Renaissances, Holiday Inn and many others.
He started his professional career working in the early 90’s with Associated Grocers of Florida, than moved up the corporate ranks to Manager of Telecommunications Latin America Division for Eastman Kodak, where he learned the value of applying his Engineering skills to simplify and automating productivity in the manufacturing and the logistics worldwide divisions of Kodak, he graduated from the University of Costa Rica in 1987 with an Electrical Engineering Degree. In 2001, he co-founded Acero Systems, an integration company where his logistical and manufacturing knowledge landed him accounts like Lennar Homes, Del Monte Fresh Produce, and the City of Plantation.
-------------------------------------------------------------------------------
Mr. Arnett, a MBA Graduate, published on Journal of Economics and Science China University Of Economics and Business. A recipient of the China Business Scholar Chinese Government Scholarship with Ivy League education, Mr. Arnett has almost over 10 years of experience doing business in China. He has been influential in molding and shaping the event, entertainment and nightlife industry throughout China.
Mr. Arnett has been a producer, strategist and marketing consultant working with clients such as Coca Cola, Mercedes Benz, Hilton, Hyatt, Apple, Swire Group, Marlboro, Chivas, Absoult Vodka, Cohiba Cigars and many others. Involved in some of the most high-profile events in entertainment, both in the China and abroad, Mr. Arnett has produced live events featuring musical performances by today’s most popular artists as well as legendary Grammy winners. These artists include Kanye West, Usher, Akon, Pitbull, The Black Eyed Peas, Sean Kingston, Ludacris, 30 Sec to Mars, Grandmaster Flash, Mary J. Blige, John Legend, lil Jon, Fat Joe, Ying Yang Twins and more.
Green_gold Thursday, 04/13/17 01:03:16 PM
Re: RookieStockPicker post# 25361
Post #
25362
of 25366 Go
What is a "super" 10-k
Eye(s) of the Hurricane.
1plus1 Monday, 04/10/17 11:01:27 AM
Re: None
Post #
25326
of 25326 Go
CALM BEFORE THE STORM SANP !!!!!!!!!!!!!!!!!!!!!!!!!!!
Reply:
growtheport,
Agreed on the two listing requirements. I didn't go into detail figuring many investors know about the specifics.
I'm assuming your (not) a common shareholder of COYN..currently?
If you're aren't, your advice is sound....just by playing it safe.
* Consequently, I have been a common shareholder of COYN for a little bit now.
The transfer to the OTC tells me management has the common shareholder in mind...vs...a reverse split to stay on with NASDAQ.
* Management...never...has common shareholders in mind when they do a R/S.
growtheport Sunday, 04/09/17 09:28:03 PM
Re: Maker13 post# 1997
Post #
1998
of 1998 Go
Actually, there are two important listing requirements. Minimum shareholder equity and a PPS above $1 for a specific period of time.
You give management too much credit. They are the reason COYN is in this mess.
DD? Given the death spiral of this stock/company, find a better place for your money.
Disclosure: Not long or short COYN.
Nothing but good news! Big things coming down the road for $SANP...as we both know. ;}
RookieStockPicker Member Level Thursday, 04/06/17 03:41:26 PM
Re: Maker13 post# 29998
Post #
29999
of 29999 Go
End of April $SANP Audited Financials to be completed and they will be a SEC filer. Big Step in transparency. 19 Million more 2's lock and loaded today.....
This audit is one key step in providing transparency to our shareholders and to achieve a fully reporting filling status for the SEC.
http://ih.advfn.com/p.php?pid=nmona&article=74066018
CANNAINVESTOR Magazine MAR/APR 2017 Issue
https://www.joomag.com/magazine/cannainvestor-magazine-march-april-2017/0477830001490386915?token=xBd7xtAGSSqOjuMAXE079A%2Fw3%2FmkR5Fqgm%2Ba0L6z9ZDd%2BDT3LMqmIszpuCMeUrdT9hjHq8Gk5I3qkzLHi8t7iKpofMyoFf0UAmu%2BF3RhX%2B13UvzLk%2F1X%2FjnuJvXYWgxOeZiP%2FT7NRLJQitP%2BficvR%2FRM6Le9rnPaYvWNVwasbkYzQnwT07uDKW%2Bv4ImOjZAE0dfCs%2Bl%2B70G9v%2FTA92n3UA%3D%3D&ref=email
CANNAINVESTOR Magazine MAR/APR 2017 Issue
https://www.joomag.com/magazine/cannainvestor-magazine-march-april-2017/0477830001490386915?token=xBd7xtAGSSqOjuMAXE079A%2Fw3%2FmkR5Fqgm%2Ba0L6z9ZDd%2BDT3LMqmIszpuCMeUrdT9hjHq8Gk5I3qkzLHi8t7iKpofMyoFf0UAmu%2BF3RhX%2B13UvzLk%2F1X%2FjnuJvXYWgxOeZiP%2FT7NRLJQitP%2BficvR%2FRM6Le9rnPaYvWNVwasbkYzQnwT07uDKW%2Bv4ImOjZAE0dfCs%2Bl%2B70G9v%2FTA92n3UA%3D%3D&ref=email
CANNAINVESTOR Magazine MAR/APR 2017 Issue
https://www.joomag.com/magazine/cannainvestor-magazine-march-april-2017/0477830001490386915?token=xBd7xtAGSSqOjuMAXE079A%2Fw3%2FmkR5Fqgm%2Ba0L6z9ZDd%2BDT3LMqmIszpuCMeUrdT9hjHq8Gk5I3qkzLHi8t7iKpofMyoFf0UAmu%2BF3RhX%2B13UvzLk%2F1X%2FjnuJvXYWgxOeZiP%2FT7NRLJQitP%2BficvR%2FRM6Le9rnPaYvWNVwasbkYzQnwT07uDKW%2Bv4ImOjZAE0dfCs%2Bl%2B70G9v%2FTA92n3UA%3D%3D&ref=email
CANNAINVESTOR Magazine MAR/APR 2017 Issue
https://www.joomag.com/magazine/cannainvestor-magazine-march-april-2017/0477830001490386915?token=xBd7xtAGSSqOjuMAXE079A%2Fw3%2FmkR5Fqgm%2Ba0L6z9ZDd%2BDT3LMqmIszpuCMeUrdT9hjHq8Gk5I3qkzLHi8t7iKpofMyoFf0UAmu%2BF3RhX%2B13UvzLk%2F1X%2FjnuJvXYWgxOeZiP%2FT7NRLJQitP%2BficvR%2FRM6Le9rnPaYvWNVwasbkYzQnwT07uDKW%2Bv4ImOjZAE0dfCs%2Bl%2B70G9v%2FTA92n3UA%3D%3D&ref=email
Regarding the current times with MJ:
CANNAINVESTOR Magazine MAR/APR 2017 Issue
https://www.joomag.com/magazine/cannainvestor-magazine-march-april-2017/0477830001490386915?token=xBd7xtAGSSqOjuMAXE079A%2Fw3%2FmkR5Fqgm%2Ba0L6z9ZDd%2BDT3LMqmIszpuCMeUrdT9hjHq8Gk5I3qkzLHi8t7iKpofMyoFf0UAmu%2BF3RhX%2B13UvzLk%2F1X%2FjnuJvXYWgxOeZiP%2FT7NRLJQitP%2BficvR%2FRM6Le9rnPaYvWNVwasbkYzQnwT07uDKW%2Bv4ImOjZAE0dfCs%2Bl%2B70G9v%2FTA92n3UA%3D%3D&ref=email
Well, at least they didn't do a reverse split.
Ok, so their delisted and now on the OTCQB...........Excellent!!!!.
I wish all companies did this...(leave NASDAQ for the OTCs)....instead of doing reverse splits (to stay on) because of the NASDAQ minimum bid rule.
I praise the (new) management for this decision.
They thought about the SHAREHOLDERS!!!
Now that this is out of the way...COYN can now start making profits and not worry about the U.S stock exchanges. Yea!
Everyone on this board...is there any bad news to report? I'm researching for the due diligence here.
Right on bro.
Hopefully will get higher valuation from the Super-10k too.
and no reverse splits...at anytime either....lol.
RookieStockPicker Member Level Wednesday, 04/05/17 06:56:15 PM
Re: None
Post #
25280
of 25283 Go
SANP wish list, get Current, Get Revenues, and do something for Retail Investors. Peak the interest here!!!! Be a Money Making Mary Jane Company.
$SANP
Reply:
TheRealMrPirate,
Thank you Bro. It's good to know you....and (hopefully) other investors know the truth about reverse splits.
(Assuming the current share price fell below your buy-in share price before the R/S); The infernal rage from the realization after a reverse split begins.....is like a bomb going off.......lol.
TheRealMrPirate Wednesday, 04/05/17 07:06:16 PM
Re: Maker13 post# 25278
Post #
25281
of 25281 Go
Agree with you 100% my friend. There are so many CEO's out there that don't get it. Unless there is support for the higher pps, a legitimate reason to support that higher pps after a r/s share reduction, the pps crashes back to earth hard. Not to mention the negative effects it has on the overall view of the company afterwards.
Reply,
TheRealMrPirate,
Yeah,...I don't want them to do it after they go current.
Reverse Splits are a threat to common shareholders.
Once your (new-adjusted) share price shoots up(after the Reverse Split) the (new-adjusted) current share price (albeit, high...but most likely below your (new-adjusted) buy-in share price....starts shrinking back down (adding further insult to injury); the odds of the (new-adjusted) share price going to your (new-adjusted) buy-in price are sooooo extremely low,....you might as well give up on getting your money back on those shares....or forever.
In other words, the money you paid for those shares..........is GONE!
I have suffered 3 Reverse Splits this year...in 2017!!
All NASDAQ stocks.
When a NASDAQ stock gets in the low 1 dollar region.......................BEWARE !!!!!!!!!!!!!
TheRealMrPirate Wednesday, 04/05/17 03:41:21 PM
Re: Maker13 post# 25273
Post #
25275
of 25275 Go
Maker13, very good chance that is NOT going to happen unless $SANP becomes "current". No R/S, FINRA has it clearly printed in their rule 10b-17.
You're very right about reverse splits thought, extremely destructive to investor sentiment, they only work on paper. A company has to be very strong, very well established with the numbers to support the pps after a split or it just crashes back down to earth.
OMG...no reverse splits....please!
Reverse Splits F*** over the common share holder..(if the share price is lower than your buy in price)
RookieStockPicker Member Level Wednesday, 04/05/17 01:21:07 PM
Re: None
Post #
25272
of 25272 Go
Authorized Shares at 10 BILLION is on the large size, but maybe this is less likely to do a Reverse Split because of it.
Reply:
TheRealMrPirate,
Ok...that's a fair neutral deduction indeed I would say.
If anything........SANP has potential and possibility.
It's there.....
TheRealMrPirate Wednesday, 04/05/17 11:14:53 AM
Re: Maker13 post# 25267
Post #
25269
of 25269 Go
$SANP Maker13, when I was researching into SantoMining I was originally looking for mining juniors. The fact that they are turning towards MJ put an unknown spin on things. I view the MJ sector as an unknown. I've said it before, no one can really predict what's going to happen down the road. With a lot of States + Canada on the way to legalize it, it will open a ton of doors to new avenues of revenue for a lot of companies that people don't even know about. $SANP getting into the sector could be absolutely explosive if they can move forward with what they're trying to do. If they can progress even a little bit I could easily see the pps move into double zeros..0.0015 easily. A 2nd or 3rd Pr with substance to it could push it in a large way, you really can't predict it. A lot of people has told me to watch out for the CEO's past but in the same breathe, you don't live in the past. If he can even come through with even an ounce of what's listed on the PR's, then #Santo/420 will be on it's way. The MJ sector as a whole, I think it's uncharted territory. That's my opinion on the whole thing but it really is an unknown with unlimited potential that no one can really predict.
** TheRealMrPirate Thursday, 03/30/17 09:58:07 AM
Re: Dutchieboy post# 25187
Post # of 25268
$SANP With the amount of States + Canada on the way to legalize MJ, it's really uncharted waters, no one can predict the impact. There is so much money out there to be made. There are companies that aren't even on people's radar that years from now will be monsters. **
Thanks for that update TheRealMrPirate
(I don't have LV2)
Interesting, nothing but sells this morning it looks like and yet there's over 300 million on the bid.....
What's your deduction analysis on this, if you don't mind me asking?
TheRealMrPirate Wednesday, 04/05/17 09:43:13 AM
Re: None
Post #
25266
of 25266 Go
$SANP lvl2 9:41am. Over 300 million on the bid. People want an aweful lot of shares for a company that's "supposedly" dead.
ICON Stock Alerts
http://iconstockalerts.com/docasa-inc-symbol-dcsa/
DOCASA, Inc. Strengthens UK Team with Appointment of Experienced Finance Executive
SCHAUMBURG, Ill., April 3, 2017 /PRNewswire/ -- DOCASA, Inc. (DCSA), through its award-winning subsidiary, Department of Coffee and Social Affairs Limited, based in the United Kingdom ("UK"), announces the appointment of Michael Chuter, FCA, CMIIA.
Mr. Chuter will be the Senior Non-Executive Director of Department of Coffee and Social Affairs Limited with oversight of financial reporting and corporate governance. He is a Fellow of both the UK's Institute of Chartered Accountants and the Institute of Internal Auditors, with board level experience across the public, private and voluntary sectors.
A highly experienced international retail executive, Mr. Chuter's career has been spent among some of the biggest names in the business world including Gillette, Hertz, British American Tobacco, Wiggins Teape, Spillers and Midland Bank (since absorbed into HSBC).
Mr. Chuter has also served as Finance Director for leading UK retail brand, Evans, with over 2,400 staff in 247 locations, and for Hong Kong-based Global Retail Limited, where he oversaw the rollout of 174 outlets in 14 different countries.
DOCASA's President & CEO, Ashley Lopez, commented, "Michael brings valuable experience and know-how to Department of Coffee and Social Affairs and will greatly strengthen our senior management team as we execute our growth strategy."
About DOCASA, Inc.
DOCASA, Inc. is focused on the investment in a rapidly growing specialty coffee market principally in the United Kingdom. Through its subsidiary, Department of Coffee and Social Affairs Ltd., headquartered in London, England, it has established and is growing an award-winning, market leading UK specialty coffee shop and online retail business. DOCASA is also pursuing the franchising and/or licensing of its branded shops and premium product offering outside of the UK to countries where the premium coffee market is rapidly expanding. DOCASA continues to review opportunities in the broader international coffee market.
For additional information, please contact:
DOCASA, Inc.
Maryam Mazraei, Communications Director
153157@email4pr.com
Related links:
Docasainc.com
Departmentofcoffee.com
http://finance.yahoo.com/news/docasa-inc-strengthens-uk-team-120000314.html
Pennystock HUB had an alert for DCSA for Monday, 4/3/2017
Had a spike I see.
New Alert for Mon. 4/3/17
DOCASA, Inc. (DCSA)
Ever hear of a little coffee company called Starbucks? That "little Seattle-based coffee company" has grown by leaps and bounds since it was "just a small coffee roaster."
Monday (4-3) we're going to be taking a look at another player in one of the world's quickest growing niches in the UK, which also has a foothold in the space...and if you missed your opportunity to cash-in on Starbucks' near 3,000% climb, you might want to pay close attention to what we're profiling on Monday (4-3)
DOCASA, Inc. (DCSA)
Right now (DCSA) is trending at a level almost identical to where Starbucks was at just before i's monstrous breakout! If you look back during the infancy of that company, you'll see that after trending around the $2 mark, what came next was a move of nearly 3,000% to where it is today. It was no magic secret either, in our opinion. The company saw an opportunity in a growing niche and made sure to take full advantage...now DCSA could be positioned to do the same "across the pond."
DCSA invests in the rapidly growing specialty coffee market, principally in the United Kingdom (UK) which is currently a $10 Billion Dollar a year industry that is expected to grow to in excess of $20 Billion by 2025. Through its subsidiary, Department of Coffee and Social Affairs Ltd., headquartered in London, England, it has established and is growing an award-winning, market leading UK specialty coffee shop and online retail business.
DCSA is also pursuing the franchising and/or licensing of its branded shops and premium product offering outside of the UK to countries where the premium coffee market is rapidly expanding...and what the DCSA Just Announced Could put it on THE MAP for specialty coffee in the UK.
Secures New Site in Manchester, UK for its Largest Planned Coffee Shop Opening to Date
The new site, comprising nearly 3,000 square feet of space and offering 120 covers, will be the Department of Coffee and Social Affairs' flagship store and barista training hub in the northern part of England. It will also act as a co-work space for professionals, with hot desks, breakout spaces and meeting rooms available to rent by the hour.
Commenting on the new site, DCSA's President & CEO, Ashley Lopez, said: "We are thrilled to be opening in Manchester, a city with such a dynamic business and arts culture and one we have been looking to locate in for some time; this is the first of several planned site openings here." She went on, "With 1.91 million professional freelancers in the UK, the increasing demand for flexible workspace is constantly growing.
Manchester is no exception to the trend, and we are capitalizing on this demand by dedicating space in our new site to cater for those professionals who need alternative work space."
Could You Imagine Grabbing Starbucks When It Opened Its First Flagship Store?
Consider this... it took 16 years for that coffee giant to establish just 17 stores in a growing marketplace. Right now, DCSA has already opened numerous coffee shops across the UK as part of its roll out strategy to become a nationwide specialty coffee company. In just 7 years, DCSA has managed to open nearly the same number of stores that Starbucks did but in half the time! And remember, they've JUST ANNOUCNED that DCSA has secured its LARGEST PLANNED SHOP OPENING TO DATE!
Why Could Timing Be So Important For DCSA?
In the past five years, the United Kingdom (“UK”) coffee shop market has seen considerable growth the annual size of the market currently exceeding approximately US$12.2 billion in 2015. In the United Kingdom, over 2.2 billion cups of coffee were consumed in 2015, with the independent companies making up 30% of the UK coffee shop market. According to reports, the UK coffee shop market will continue to grow with the market growing to approximately US$23.1 billion per year by 2025.
And as of the last annual filing done for the year ended August 31 2016, the company is already a near $4million business. Comparatively speaking, DCSA has done more revenue in the short period that it has been in operation when stacked up against Starbucks during its first 16 years as a business... (when the company had 17 stores open, it was only turning roughly $1.3mil in revenue compared to DCSA's $3.8m in revs)
Bottom Line
There's a scramble for market share in this growing sector of coffee on an international scale. Comparing DCSA and where it is now to where one of the biggest names in the business was during a similar time-frame could have DCSA coming in head and shoulders above its competitor.
With nearly double the revs, almost the same number of stores, and an active business in one of the fastest growing segments of this industry, this could put DCSA on the map. Now think if you had a chance to be looking a company like Starbucks during a similar period, when it was hovering around $2...what would you have done? Those who took advantage could have seen an opportunity for nearly 3,000% in potential gains as it stands today.
Pull up DCSA, start your DD and if you choose, be ready to trade at the opening bell Monday morning (4-3). We'll have more updates on the way, stay tuned!
Reply:
Digging for Pennies,
Well, what can I say....sounds like you're right. Piranhas go for the quick and easy.
Digging For Pennies Sunday, 04/02/17 08:11:41 AM
Re: Maker13 post# 25238
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25239
of 25240 Go
Super 10k won't be coming out until 2nd week of April would be my guess. Shorts will have a lot of fun attacking this stock while it's LOW.
Shorts and Short Sellers,.....describes what your saying.
http://otcshortreport.com/?index=SANP&action=view
* Bullish Purchase Orders and/or Quarterlies will get us out of this predicament.
Valuation of the SUPER 10-K along with the Current Status could do some wonders too.
Digging For Pennies Saturday, 04/01/17 07:58:59 AM
Re: None
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25237
of 25237 Go
There's been so much news lately on SANP. Omg... we shouldn't be this LOW.