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Total May volume down about 68% from the month before for CRWV (from about 90 million to about 29 million). Leaving dollar volume down way more than that. Pretty "chilly" month, used to have that much volume day after day at a much higher pps, not taking the entire month to do it. Maybe if it drops down in the mid trips it would entice more trading action.
Right, we know what happened. Nothing! Last time of so called decent volume was on 4/24 with twice the volume with almost 13 Million shares (a big whoop for a low double zero stock) for only one day. The next day nothing at less than a million shares with no run, no pop, no nothing and then soon closed at it's lowest pps ever.
This time a whole whopping 6 million (another big whoop for a double zero stock with lower lows and lower highs than last time) and the day after we have about only a 250k shares traded. The dollar volume just pitiful from even the last poor volume whoop of only one day. Just wow. Whooo.
The couple of pro traders that are left trying to push this thing every now and then are getting less and less response or action and by the numbers less and less dollar action. Just the historical facts, no opinion.
This particular investigation(s), charges, and convictions for these connected people have been going on for some time. There actually was a forth penny stock that was originally involved and one could presume still in the investigations books. IPWG (International Power Group), the company so touted as the poster boy to go after the DTCC. To this date it doesn't seem that the NO BID, no trading stock has chosen to reveal more of their books to do any fighting in the courts towards the DTCC, volunteer any further actions with the SEC, or further expose anymore connections than they already have. Definitely are not coming out of any NO BID or no trading situation for the left over bag holders of the stock.
"Two companies based in Tulsa at the time of the scheme were among those whose stock was manipulated: Deep Rock Oil & Gas Inc., and Global Beverage Solutions Inc., formerly known as Pacific Peak Investments. The third company, National Storm Management Group Inc., is based in Glen Ellyn, Ill..........
......Gordon was also convicted today of one count of wire fraud and one count of obstruction of justice in connection with a fourth penny stock, that of International Power Group Ltd., based in New Jersey. The government is also seeking criminal forfeiture of $2.74 million from Gordon in connection with the wire fraud involving the fourth penny stock."
http://www.justice.gov/opa/pr/2010/May/10-crm-515.html
Some investigations spread as far as to a TA (National Stock Transfer) in which NSMG (National Storm Management Group) was a part of and essentially shutting down dozens of pinkies that were coded as non-transferable by the DTCC.
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/1270-11.pdf
A lot of the links to connected people in this post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75069707
And just recently more connected scammers nailed that was posted on scions board and this DD board which I don't have the immediate links but the re-posting by BigBake here
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75045293
And the note and link to the connections to IPWG people.
http://investorshub.advfn.com/boards/replies.aspx?msg=75045293
I definitely don't believe this latest fraud case appearance will be the last one we see. The amount of files that the SEC and other Federal authorities must have with this group must be enormous and it doesn't appear that this now around eight years of investigations and evidence and multitude of charges and indictments are at all closed or ended.
Really?
The dubious trading activity, the SEC informing the DTCC of questionable shares entering the market, some brokers not letting any buying or charging extra fees for the stock, a Caveat Emptor black Skull CE being slapped on, copy and paste erroneous financials, lack of proper current financials, unsubstantiated or unsupported fundamentals, over hyped and unsustainable sub pinky pps, no address for almost 5 months or informing shareholders of not paying the rent or moving, not keeping current with the state, and a chart that just reeked of a massive decline from the highs, etc etc didn't give any clues?
You might get some short term bottom trading, but really all of this is quite believable for this fraud dirty pink and trips is exactly where it belongs.
"I can't believe we are on the brink of 000s..."
Charlatanism always requires a few company posters, and there is always the company "little me's" hanging out for that good fraudulent effect.
But the real "hall of fame" scams like old spongy still have like 750 followers (over twice what this scam has) and I have a list of NO BID and/or SEC nailed stocks that have more "followers" than this crud stock. So MDGC is still a little behind working on that "ton of interest" for the "hall of fame" title. LOL
The "business" is a stink sub pink and nothing else. Survival of even that is highly questionable. At this point, it just all looks like and stinks of a setup of selling the shell and/or setting up personal bankruptcy for Val. Now who are all the list of BOD? I always have to laugh at these no employees, one or two man out of tune bands. LOL
So out of tune that the mode has to move to China, might as well be Kudabunca, Uganda. I guess you feel pretty safe Val of not having anyone living there since you pretty much been shown as a charlatan in Boise. Not even a virtual office or UPS mailbox, just no address at all. Jeez. Definitely no transparency of not being able to pay the rent and moving out of that "state of the art" 10X10 "facility" months ago. And that "facility" was the update from an erroneous address that just looked at a bunch of weeds on a roadside.
But yes, dilution and selling shares is the business, maybe a RS or increase AS on the way. Compliments from the so called BOD. LOL
"6. any default of the terms of any note, loan, lease, or other indebtedness or financing arrangement requiring the issuer to make payments;
During the fiscal years ending 2008, 2009, 2010, and 2011, MediaG3 defaulted on several notes to unrelated individuals and shareholders. All notes combined, the total principal of the defaulted loans are $895,491. The company is currently involved in negotiations regarding the validity, nature, and fair settlements of these notes"
"As of December 31, 2011 we have a working capital deficit of $2,208,533, and an accumulated deficit of $16,854,653. During the year ended December 31, 2011 we had a net loss of $1,975,249 and cash used in operating activities of $121,344. Our ability to continue in existence is dependent on our ability to develop additional sources of capital, and/or achieve profitable operations and positive cash flows. Management’s plan is to aggressively pursue our present business plan. Since inception we have funded our operations through the issuance of common stock and related party loans and advances, and will seek additional debt or equity financing as required. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
If we do not obtain additional capital, we may be unable to sustain our business."
"Holders of our common stock may be diluted in the future.
We are authorized to issue up to 1,500,000,000 shares of common stock with a $.001 par value. To the extent of such authorization, our Board of Directors will have the ability, without seeking stockholder approval, to issue additional shares of common stock in the future for such consideration as our Board of Directors may consider sufficient."
Well Gouger got himself involved by just getting into the shell. Ok, it was a dirty shell, geez many have known that since Pulver days with Pawson and BEHL rolling around in the muck also. The dirt was obvious to many, let alone to someone getting their name involved with it. Gouger is no squeaky clean individual by no means (I've done several months of investigations into his experience with different shells, he's no newbie in the dirty shell business). His "oil business" is nothing but a bunch of nothing and PR'd and pumped all sorts of misleading info and doesn't even keep up with the criteria of Texas for his low or no producing wells. The public TOMI (BNPD) PR's sure didn't match up to the records of the State of Texas. Has got his name involved with multiple tickers with no follow through of what was PR'd.
Yes, the convertible abuse is contemptuous, and these dirty shells just keep going to more dirt. The SEC has been long "dormant" in their actions with the obvious. It's about time they step it up a bit.
Sparing TOMI, what for?? It's just a phony "oil flavor" pinky crud and just one more long dirty shell to scam the public. If he really had any productive profitable oil, Gouger wouldn't need some dirty pink shell to work with.
Isn't this the 15th and isn't it soon to be another bs "update" by the company? Where's those financials that say in the first part of last week, no wait, Monday the 11th, no wait, Monday the 14th, no wait, the 15th, no wait.........
Ok here's one big one.
http://www.otcmarkets.com/stock/MDGC/financials
Yea go for it, it's all there. Before the obvious reasons for the Scull. LOL
We've seen trips hit also on very little volume.
Didn't you see the word "like" in the statement. And isn't MDGC having problems with services like that?
Duh. And again, none of the those services stop dilution and in fact MDGC has been diluting. So it was totally erroneous to state no dilution because certain services were denied by the DTCC.
Wasn't Val reselling all kinds of vacs, didn't Imperial great accomplishments consist of "installing" something that wasn't even his that anyone could do for themselves and required no expertise at all?
So this has been reduced to just a 100 shares a day now. That's right, a whole $3 worth of excitement, and who knows how much in fees attached to it.
She may have already done the encore. If this keeps up, MXXH will just go on the next SEC list of dormant shells. They barely slipped by the criteria it looks like of that 379 list.
http://www.sec.gov/news/press/2012/2012-91.htm
A million or two here or there volume is not going to get them off of a dormant list, but just the opposite. They haven't had any financials for some time and any sudden promotion or dubious trading activity will probably just earn them a black Scull. With the new interest that the SEC and Feds have in eliminating these dead shells, MXXH is in in between a rock and a hard spot. The next lower level can only go to No Bid.
Wasn't Val reselling any Rumba vacs. Maybe you could call him and have Imperial vac sales come out and "install" one for you. LOL
All that happened was the large bid at .0030 dropped out, disappeared, and got replaced with a small bid of .0034 after the trade at the ask of .0035. All just at EOD. There is no real trading action with only 9 trades all day, so the whole thing is just a farce and easily manipulated. Many times the L2 is just a folly to go on, one will have 5,000 at the ask and may have just an endless supply for any buyers trying to take it out. Or the bid just dropped like hot potato in a second no matter what amount is there.
At this point with liquidity minimal, ones who got in at higher pps for a trade are waiting for some volume and hopeful action, not just low level manipulation of bid and ask. May or may not happen.
"Longs" that haven't taken the opportunity to get out already are laying in there and continuing to hope or dream of bigger things to come. But either way trading or investing, there will have to be a lot more new money to buy at the ask. An occurrence that seems to be getting less and less odds.
Now we're not only waiting on more updates with the late filings on the late notice of annual financials, but look forward to when they will put another update and how late the late notice of quarterlies will be in which those financials will soon be late, no matter how late the late annuals are.
Well they got a whole $8.75 at the .0035, but someone ruined that one by selling at the last ditch paint bid of .0034. But the whole thing is just bs and what, a whole 9 trades all day.
Maybe 2 weeks. LOL The two week thing must be on this guys brain. About two weeks of constantly changing the "update" on webpage for financials, about two weeks for so many unfulfilled statements, and now what? If the late financials come out today, about two weeks of waiting for the "followed" "pink status"? Since it's been about two weeks of the Scull and normal OTCMarkets is at least 30 days for removal of such.
"OTC Markets Group's Policy Regarding Caveat Emptor and Promotional Activities
OTC Markets believes adequate current information must be publicly available during any period when a security is the subject of ongoing promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market. As a matter of policy, when it has come to the attention of OTC Markets that a security has been the subject of promotional activities and adequate current information concerning the issuer is not publicly available, OTC Markets will label a security as "Caveat Emptor." Promotional activities may include spam email, unsolicited faxes or news releases, whether they are published by the issuer or a third party.
Generally, OTC Markets will remove the Caveat Emptor designation once the security meets the qualifications for Current Information and we are satisfied that there is no longer a public interest concern, typically no sooner than 30 days. In the case of reverse mergers, OTC Markets will remove the Caveat Emptor designation upon qualification for Current Information or, for SEC filers, with the submission of a super 8-K, with no 30 day minimum.
During the time it is labeled Caveat Emptor, any stock that is not in the Current Information category will also have its quotes blocked on www.otcmarkets.com."
http://www.otcmarkets.com/otc-101/caveat-emptor
A rolling STOP sign is turning into a rolling SCULL. LOL
The OTCMarkets are the easiest thing to please and no real accuracy is required, so not coming across with updated info there is quite the joke. Especially since the company is updating and editing the webpage now almost on a daily basis.
Gee, no one exclaiming bid decreasing, no one buying at ask, no real liquidity (meaning no efficient trading the thing), lowest volume in about a month, and down about 32% today. But hey, could still put a paint out there for the 35. LOL
The only thing that really matters is that there is a separation of the SEC list and what MDGC is. I'm well aware of all the DD on this company (none of it being positive), including it's Scull status, suspicious trading activity, and new shares entering the market. But, what I've seen with this SEC "clearly dormant" list is statements all over the boards trying to give the impression that just because some "company" (very loose term) is not on it, that must mean it's ok. NOT.
"Trying to erroneously state or insinuate that because MDGC wasn't on the list makes this company OK or in the clear of many other type of SEC investigations was the "shuffling" I noticed.
The SEC list of long dormant stocks does not give reason to have any "shuffling" of responsibilities that this company has for it's reporting standards, accuracy, transparency, and coming through with all of it's proclamations that it hasn't done in years."
That would put me in agreement and suggest anyone to "do some DD" before holding or entering this stock.
Interestingly, the SEC PR stated "clearly dormant".
An initiative tabbed Operation Shell-Expel by the SEC's Microcap Fraud Working Group utilized various agency resources including the enhanced intelligence technology of the Enforcement Division's Office of Market Intelligence to scrutinize microcap stocks in the markets nationwide and identify clearly dormant shell companies in 32 states and six foreign countries that were ripe for potential fraud.
http://www.sec.gov/news/press/2012/2012-91.htm
Cassandra merely stated "long dormant" but it was just a descriptive term and it wasn't quoting the SEC. But one could quickly surmise just with common sense that it would have to be at least somewhat factual. Given that to "identify clearly dormant shell companies", they would have to take in some time factor of being "dormant".
But just for the heck of it, I randomly went through about 50 of them. Guess what, they all were "clearly" "long-dormant". Maybe someone else could go through all 379 of them and get some percentage of how many have been "actively trading" (opposite of or not "dormant") or have not been "long dormant". But as it stands, it was only a factual description and explanation of that it was a different process that wouldn't include MDGC. Trying to erroneously state or insinuate that because MDGC wasn't on the list makes this company OK or in the clear of many other type of SEC investigations was the "shuffling" I noticed.
The SEC list of long dormant stocks does not give reason to have any "shuffling" of responsibilities that this company has for it's reporting standards, accuracy, transparency, and coming through with all of it's proclamations that it hasn't done in years.
Suspensions just put stocks on the Grey Market and then needing among many other things a MM to get them off.
PIPI is still on the Grey Market, no reason to put them on any new list or suspend them again until they aren't on the Grey Market. There was at least one other stock on the same SEC suspension list that PIPI as ANWM was on that got a new CUSIP and even did a RS with a reorg. It's still on the Grey Market six months later with no trading and it doesn't even have the Black Scull that PIPI has.
Nothing to suspend here again at this point. To the SEC, a shell has all the baggage of the past no matter what numbers, letters, or flavors are changed or attached to it and is just one shell.
These things really do go on for a long time. The original criminal activity was back in 2005. Is this ringing bells for you? Some were dubbing Pritchard as the "cat man". LOL I remember the time, the "flavor" was green and diplomas were given to cats.
Global Development and Environmental Resources (GDVE.pk) . A Cat Can Run This Company.
http://www.citronresearch.com/index.php/2005/08/19/stocklemon-reports-on-global-development-and-environmental-resources/
At least maybe not right away. But someone will do something, just might take a little more time, it wouldn't do to waste ripe shell pickings. I still say the pps should come down a bit before any pump a rump. Got to get it down for whatever deal on the note for old Gray and Co.
Anyways it couldn't have been Leslie, we all know it would have to be you that scared them off. LOL
http://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html
Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO
By Danielle Kucera, Sanat Vallikappen and Christine Harper - May 11, 2012 4:58 PM MT
Facebook Initial Public Offering, Outlook
Eduardo Saverin, the billionaire co- founder of Facebook Inc. (FB), renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill.
Facebook plans to raise as much as $11.8 billion through the IPO, the biggest in history for an Internet company. Saverin’s stake is about 4 percent, according to the website whoownsfacebook.com. At the high end of the proposed IPO market capitalization, that would be worth about $3.84 billion. His holdings aren’t listed in Facebook’s regulatory filings.
May 11 (Bloomberg) -- Results of a Bloomberg investor poll show that 79 percent of respondents say Facebook is overvalued at $96 billion. Dominic Chu reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Saverin, 30, joins a growing number of people giving up U.S. citizenship ahead of a possible increase in tax rates for top earners. The Brazilian-born resident of Singapore is one of several people who helped Mark Zuckerberg start Facebook in a Harvard University dormitory and stand to reap billions of dollars after the world’s largest social network holds its IPO.
“Eduardo recently found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time,” said Tom Goodman, a spokesman for Saverin, in an e-mailed statement.
Saverin’s name is on a list of people who chose to renounce citizenship as of April 30, published by the Internal Revenue Service. Saverin made that move “around September” of last year, according to his spokesman.
Besides helping cut tax bills stemming from the Facebook, the move may also help him avoid capital gains taxes on future investments since Singapore doesn’t have a capital gains tax.
Exit Tax
Saverin won’t escape all U.S. taxes. Americans who give up their citizenship owe what is effectively an exit tax on the capital gains from their stock holdings, even if they don’t sell the shares, said Reuven S. Avi-Yonah, director of the international tax program at the University of Michigan’s law school. For tax purposes, the IRS treats the stock as if it has been sold.
Renouncing your citizenship well in advance of an IPO is “a very smart idea,” from a tax standpoint, Avi-Yonah said. “Once it’s public you can’t fool around with the value.”
Saverin’s estimated gain, and subsequent tax bill, would be based on an appraisal by his tax advisers. They could have valued his Facebook stake at less than it will be worth once shares trade publicly, reducing his liability. For tax purposes, Saverin could say that the value of his stake should be discounted because of the potential difficulty of selling the shares while the company remains private.
Zuckerberg Scuffle
Saverin previously scuffled with Zuckerberg, his Harvard University classmate, over his ownership in Facebook. Saverin sued him and settled for an undisclosed amount.
The 2010 movie “The Social Network” added to Saverin’s fame after it portrayed him as a scorned friend who provided the company’s early financing and then was squeezed out. In the film, written by Aaron Sorkin, Saverin was portrayed by Andrew Garfield, who will play Spider-Man in “The Amazing Spider- Man,” due to be released in July.
Saverin moved to the U.S. in 1992, and became a citizen in 1998, his spokesman said. He has invested in Asian, U.S. and European companies, according to his spokesman.
He plans to invest in Brazilian and in other global companies that have strong interests in entering the Asian markets. “Accordingly, it made the most sense for him to use Singapore as a home base,” Goodman said in the statement.
Jumio, ShopSavvy
His U.S. holdings include Jumio Inc., an online payments company, and ShopSavvy Inc., a price-comparison service.
Renouncing citizenship is an option chosen by increasing numbers of Americans. A record 1,780 gave up their U.S. passports last year compared with 235 in 2008, according to government records.
Income-tax rates for top U.S. earners will rise to 39.6 percent from 35 percent next year and rates on capital gains and dividends also are scheduled to rise, unless Congress blocks the increases.
“It’s a loss for the U.S. to have many well-educated people who actually have a great deal of affection for America make that choice,” said Richard Weisman, head of the global tax practice at Baker & McKenzie in Hong Kong. “The tax cost, complexity and the traps for the unwary are among the considerations.”
Combatting Evasion
Some of the world’s largest wealth-management firms have ramped up efforts to fight tax evasion ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC Holdings Plc, Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. all say they have turned away business.
The 2010 law, to be phased in starting Jan. 1, 2013, requires financial institutions based outside the U.S. to obtain and report information about income and interest payments accrued to the accounts of American clients. That means additional compliance costs for banks and fewer investment options and advisers for all U.S. citizens living abroad, which may depress banks’ returns.
Facebook plans to price its IPO on May 17, offering 337.4 million shares at $28 to $35 each. The shares will be listed on the Nasdaq Stock Market under the symbol FB. Morgan Stanley, JPMorgan Chase & Co. and Goldman Sachs Group Inc. are leading the sale.
One never really knows how much or exactly what day(s) the insiders or sellers are hitting it. On the way up, at the top, and on the way down. But it will commonly happen with suspicious trading activity, which is what has happened with MDGC. Who knows how much of the trading was the manipulative part and how much was the new shares getting into the market, but obviously new shares are hitting the market and who knows how many more to come. The company is not very transparent that's for sure. But the Black Scull came shortly after the apparent dubious trading action.
MDGC now is late with their already late filing that states (or did state) on it's website that the late filings would be in the first part of this week. Now at the end of the week and nothing but the Black Scull. It doesn't really matter, the financials were already erroneous with the bulk of supposed worth in way over stated media credits.
The DTCC service restriction was already in place before the dubious trading and inflated pps, meaning dilution shares were already coming across the system and the SEC had already notified the DTCC which then prompted brokers like TDA not to let any entering of positions, only exits. Like I said all sometime before the sudden suspicious trading and rise in pps and the subsequent skull being slapped on and even more lack of transparency. Plenty of time to get the shares from the TA into accounts by other means other than the DTCC FAST system.
What one gets are nothing but rumors, exuberant statements from message boards and dirty internet alleys of "something big" going on.
This from a company which basically is one guy with a dozen or so rink dink company names attached that consists of reselling vacuum cleaners to installing a modem to a free service at some small deli. A service that isn't even his (which was supposed to be some gigantic city wide "roll-out").
The company name itself, MediaG3 hasn't ever even been listed in the local phone books, let alone known by many but message board goers. A 10X10 office space used for a cell phone charging station, mail, and every once in awhile a pre-screened appointment. I guess I can understand why to not pay the couple of hundred in rent for something like that and just vacate that also. But that little office was originally touted as some new and improved lab, and I guess it was since the address before that just looked at a roadside full of weeds, no such address. A typo I'm sure (cough cough).
What has happened is nothing for years that the Company claimed, but different times of selling and impounding of his vehicles, etc by tax authorities or others that have a judgement against him and are tracking him down. Then there is some settlement that may be involving shares, again no transparency from the company regarding these issues. But again all indications of funds needed by the individual behind the company (Val Westergard).
Now trading these things and trying to guess when the "big dump" will occur or if there is more to gain is precarious at best. One might win, but many times when some big red candle happens, one doesn't have time to get out with their skin and just looses to the gamble.
Investing in something like this is a total folly, just not wise. All the indications are that there will be more selling and with all of the dirt like MDGC been displaying, there is always a bigger seller somewhere lurking.
But, there may be only retail and manipulative trading going on at the moment and any big selling just ready to pounce on the unsuspecting retail like a cougar on a wounded deer in an open field.
But good luck.
You must of missed this post. Again, just because the DTCC denies one or more of their services, DOES NOT stop dilution, just makes it more of a hassle and more expensive which in turn just increases the possibility of even more dilution. MDGC sure reeks of manipulation for dilution. Black Sculls, restricted tickers, certain brokers not wanting to deal with them, no valid fundamentals, no valid address (last address consisting of a 10X10 office with a desk and two cell phones on the floor), erroneous financials, unexplained sudden rises in pps in a thinly traded stock, and the SEC informing the DTCC of dubious shares coming into the market are not signs of any "lack of selling by the company", but the opposite of that.
I called the DTCC back with the full CUSIP number of 58448D109 and learned that MDGC is indeed non DTC FAST-eligible. The only service suspended ("chilled') is the deposit of new certificates due to a concern they were notified about by the SEC about unregistered, non-exempt shares entering the market.
This only means that holders of new (dilution) shares who wish to sell can't do so by depositing their certificates with DTCC-affiliated brokers. However there are many non DTCC-affiliated brokers that self-clear and could be used for deposit of new (dilution shares). It also means that the DTCC charges higher fees to its affiliates brokers for settlement and clearance of MDGC stock.
I was also told that TDA is self-clearing and not an affiliate of the DTCC. TDA is apparently restricting the purchase of MDCG stock because they don't want to undergo the expense and hassle of settling buys with physical certs.
A nice post from nodummy on the DD board about GTCP (go to link for pics)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75466080
GTCP - what the heck is going on?
So yesterday Mackie Barch sold his 400,000,000 shares of GTCP to somebody named D. Melvin Swanson for $25,000.
www.sec.gov/Archives/edgar/data/1508933/000107878212001225/f8k050812_8k.htm
Mackie Barch paid $383,000 for those very same shares.
Why would somebody take a loss of $358,000 plus give up any other compensation they may have been receiving by resigning from all of their officer positions?
In my opinion this is because it would be impossible for GTCP to be involved in a highly paid promotion with Mackie Barch at the helm after all of the attention Barch's other shell, SNPK, received during its recent paid promotions.
The way these APS shells all link to each other it wouldn't surprise me if Barch some how ended up getting way more than the $358,000 he lost by selling his controlling interest in GTCP when everything is said and done. He does appear to be nothing more than a pawn in a P&D game being run by powers far greater than he. It appears that Mackie Barch is still owed $116,865 which as a former officer he will now have an easier time turning into a convertible debt Note.
--------
So who is D. Melvin Swanson?
The 8K provides a "bio" on Mr. Swanson:
D. Melvin Swanson (“Mr. Swanson”) is the sole member of the Company’s Board of Directors and the Company’s President, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary. He is currently a senior partner at Ola Mesa Investments and has been since March 2010, where he is responsible for risk management in all aspects of the firm. From September 2006 to present, Mr. Swanson has also served as a strategic advisor and a member of the advisory board for Silica Management, where he advises on the company’s corporate risk in emerging markets. From September 2009 through March 2010, Mr. Swanson was the managing director of Stoneridge Investments, where he acted as the junior liaison in the risk management division, concentrating on equities, and managed the European Equities fund and bond division of Stoneridge’s portfolio. Prior to working at Stoneridge, Mr. Swanson was the CEO of Panther Consulting from January 2007 through September 2009, where he oversaw all aspects of Panther’s day-to-day activities, and focused on the company’s acquisition of oil and gas assets throughout North America. From August 2005 to January 2007, Mr. Swanson was a partner of CNM Management, where he managed the equities division and was involved in corporate finance and acquisitions and mergers. The Company appointed Mr. Swanson to serve as its sole officer and director, due to his several years of experience managing and running a business as well as his financial expertise.
Web searches using some of those named entities and D. Melvin Swanson turn up no results leaving this researcher to wonder how much if any of that bio is actually true.
The actual signed agreement for the sale of those 400,000,000 shows that D. Melvin Swanson is represented by none other than Carrillo Huettel, LLP
http://www.sec.gov/Archives/edgar/data/1508933/000107878212001225/f8k050812_ex10z1.htm
Since Carrillo Huettel, LLP can be linked to so many former AwesomePennyStock companies as well as past Kirk/Skymark companies that should come as no surprise to anybody.
The address given for D. Melvin Swanson in the 8K is as follows:
D. Melvin Swanson
142-108 Elliot Street
Whitehorse, Yukon Territory Y1A 6C4
Whitehorse, Yukon being the hometown of Mr. Swanson should also be no surprise since Whitehorse, Yukon is the hometown of Douglas Roe and Karl Gruber of Oro Quest Inc. (both Roe and Gruber graduated from FH Collins High School in Whitehorse, Yukon - class of 1991)
The very same Oro Quest Inc that sold GTCP a worthless mining claim for $15,000 to allow GTCP to have a business plan to help take the shell public.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74623962
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73137461
The same Douglas Roe that was a seed shareholder for SNPK through a business entity known as CHP Investments and same Douglas Roe that is strongly connected to Harry Lappa (NSRS) through GBEN and LUXE/SUNB. Douglas Roe was a officer/director of both the GBEN and LUXE/SUNB shells.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74417576
Speaking of SUNB. In D. Melvin Swanson's bio he says he was the CEO of Panther Consulting for 2 years.
Could that be the same Panther Consulting that is currently serving as the IR firm for Sunbelt International Corp (SUNB)?
http://www.marketwatch.com/story/sunbelt-signs-agreement-to-provide-water-turbines-2012-02-21-9000
Same SUNB that recently listed Douglas Roe as its IR person in their last OTC filing:
Remember it was David Baines that uncovered the connection between SUNB and SNPK:
Scott Broesky former CEO of SUNB predicted that SNPK would be used for a massive pump&dump back in December of 2010, several months before it even happened, because he knew some of the people behind the SNPK P&D which included the Shull family for whom he worked for with NTRO and SUNB.
http://www.vancouversun.com/business/Baines+Sunpeaks+stock+soars+higher+still/6450490/story.html
So does this all mean that GTCP is one step closer to becoming a major paid pump&dump promotion like SNPK was?
Yes, mainly because Mackie Barch is now out of the picture, but they will probably want to take some time to wait for people to forget about Mackie Barch before the real pump&dump action begins. And IF that P&D action ever does start (may never happen), keep in mind that just like all of the other past pump&dumps that can be linked to GTCP, GTCP was set up from day one to be a pump&dump meaning that there are lots of insiders holding shares that they received for next to nothing waiting to unload during any future paid promotions including yet another Panamanian entity (Karev Investments) that can be linked to the same nominal officers used by all the past APS connected P&D companies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73395583
And I personally don't believe for one second that all of the seed shareholders listed in this old GTCP post actually own those shares and are not just holding them for somebody else.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73187601
So now MDGC is a big pink elephant. I gotcha, makes sense, judging from the big piles of you no what the stock leaves behind. LOL
Great advice, watch where one steps with this pink MDGC elephant, don't play in the pile. I understand. LOL
Yea, 99.9% of the time, it's troubles for the CEO. Especially when the CEO can't substantiate anything he says. LOL
Well there you are all in the nutshell. Sounds like a form of dilution to me. Put with all the manipulative pps action as of lately on no public disclosure with nothing substantial or fundamentally validated and nothing but years of dubious statements from the company that have never panned out or officially verified, it's pretty much obvious.
We have a black scull at the OTC Markets (no, those don't get put on just because some financial is late or erroneous) and the SEC having the stock on their books who informs the DTCC of unregistered, non-exempt shares coming into the market (confirming dubious dilution), who then doesn't want to give certain services to MDGC.
And TDA has already made the policy of not dealing with any stock with problems getting any services from the DTCC. Good for them and the bottom line, good for TDA's customers. There sure is a very large array of other stocks besides problem child MDGC to trade or invest with.
It's called run, not walk away from this garbage stock, it just a folly ready to happen.
I called the DTCC back with the full CUSIP number of 58448D109 and learned that MDGC is indeed non DTC FAST-eligible. The only service suspended ("chilled') is the deposit of new certificates due to a concern they were notified about by the SEC about unregistered, non-exempt shares entering the market.
This only means that holders of new (dilution) shares who wish to sell can't do so by depositing their certificates with DTCC-affiliated brokers. However there are many non DTCC-affiliated brokers that self-clear and could be used for deposit of new (dilution shares). It also means that the DTCC charges higher fees to its affiliates brokers for settlement and clearance of MDGC stock.
I was also told that TDA is self-clearing and not an affiliate of the DTCC. TDA is apparently restricting the purchase of MDCG stock because they don't want to undergo the expense and hassle of settling buys with physical certs.
There was nothing "slick" about it, just some plain facts about DTCC services. Which service would you like to talk about? It doesn't matter, these DTCC services are just that, services from the largest SRO that handles the share transfers. Still won't stop dilution, just makes it more expensive and many times just creates even more dilution. If the least expensive services that are offered by the DTCC are not available, then it goes to more fees and more hassle, and many times even more shares (or less price to any note holder for example) to cover the cost. Some brokers will choose not to give their services or even charge more. Pretty simple and really doesn't entail any drama about it. It is what it is.
DTCC services like their DWAC (Deposits or Withdrawals at Custody) does not stop dilution at all. This is merely a convenience service with the DTCC (along with being the cheapest) and is not regulatory in nature. It only is more expensive with fees and makes it more of a hassle and more time for note holders for example to get the shares from the TA to their accounts when they can't do it through the DTCC service.
This particular DTCC service has been denied to many dubious sub pennies and there are some brokers that are self clearing like TDA that will not deal with them (ie: let one exit but not enter any position). It is each brokers internal risk procedures which have been applied with MDGC. I personally like TDA for that reason.
But it will not stop any dilution factor one bit!
It tees off a few note holders, creates more manipulation to get the fees associated with it without the cheapest service around from the DTCC, and may even create a larger dilution factor with stocks like MDGC, but definitely doesn't stop possibility of it.
Dilution happens regularly with stocks that have this service unavailable from the DTCC.
Gee, what ever happened to all that "experience" and "expertise" with the mining business? Just a few hours of DD on the internet can tell one the ridiculous "estimations" that this company PR'd ("they" being Peterson and his "experience" prospecting with his dad I guess). After a few days of DD, the PR's became just blatant whopper lies. Let alone making those type of CRWV PR "estimations" for someone like Peterson that supposedly was "familiar" with the business.
Now grant you, I'm a pro since I went prospecting with my uncle when I was ten and found quite a bit of real gold and old bottles. Of course when I got a little older, I found out that my uncle just put a bunch of gold in the dirt before he showed me how to dig there. But it was great "experience". LOL
May I suggest anyone to go back and read the umteen PR's put out in a few weeks time and just do a bit of REAL DD with mining and even though it won't help much with CRWV, it will help when it comes to investing or trading in other "gold flavor" stocks like CRWV in the future.
http://ih.advfn.com/p.php?pid=news&symbol=CRWV
Just a note, the last 5-6 months the "waiting" hasn't been for the results, but supposedly "in negotiations with flotation mills" since the beginning of this year. Of course there never was any proper validation for anything the company PR'd and has no current financials for any operations and nothing but old erroneous filings and very questionable and dubious share structure and business practices.
Now any "money" for anything (if there really was anything there, which in all practicality isn't) would have to come from more toxic financing, selling shares with a stock barely staying out of the trips with very little or practically nothing for liquidity. All which has been P&D by a Panamanian promotion crew who ruthlessly sold it down to end up at 98% down from where they started.
"Maybe that's why we are waiting for results...they way underestimated the time and money to get the ball rolling. Thanks for the support."
Problem is, that is definitely no evidence of any "expertise" (other than selling shares) and a just more evidence of bs. "Evidence" of "business expertise" is not a fluff PR made up bio statement and advertising things that never happened and just a farce. So where is all the proper "evidence" of Peterson's great mining abilities and running real mining operations or even proper legal exploration procedures and getting all the gold that was proclaimed by CRWV fluff PR's?
Where are the proper financials and statements of operations for CRWV, let alone all the "other expertise" that Peterson has done with all the other "mining business". LOL No, PR's from sub penny stink pinks are not "evidence" and neither are company's web page statements that are just copied from other scammy operations.
Very little DD reveals the connection between Peterson, Lindsey, and OWVI. Remember when;
Date : 01/13/2011 @ 10:27AM
Source : MarketWire
Stock : One World Ventures, Inc. (OWVI)
Quote : 0.0003 0.0 (0.00%) @ 10:19AM
One World Ventures, Inc. CEO Stephen Prior Resigns
One World Ventures (USOTC:OWVI)
Today : Thursday 13 January 2011
One World Ventures, Inc. (PINKSHEETS: OWVI) announced Mr. Stephen Prior, President, Chief Executive Officer and Chairman of the Board, has resigned his position to pursue other opportunities. Mr. Prior's resignation is effective December 31, 2010. Mr. Ron Lindsay has been appointed the company's President and Chief Executive Officer & Chairman of the Board effective January 1, 2011. Mr. Lindsay, who has been a director of the company, will lead the company into the next phase of operation creating new opportunities and vision.
"I have enjoyed working with the OWVI team to bring the company to this point," said Stephen Prior. "As was always contemplated the company is moving away from its beginnings as a manufacturing company towards a technology driven foreign exchange remittance and social networking platform with diverse holdings. I have chosen to step down at this time and transfer my Controlling interest in the business so the Company can acquire additional assets and move forward and further enhance value. Ron provides us with a wealth of knowledge, he is an exceptional executive and I am confident in his knowledge and leadership, which will propel the Company forward. I will continue to provide support as a member of the Advisory Board, a diligent shareholder and a future customer."
"As we enter the New Year we want to wish our shareholders a Happy New Year and thank them for their support," said the Company's new CEO, Ron Lindsay. "I could not be more enthusiastic or optimistic about the Company's prospects from here forward. I look forward to working diligently on our current projects and agreements to acquire complementary assets that will expand the Company's potential. We are looking to aggressively accelerate our business plan in those areas we have been successful and take advantage of new directions that have very recently been presented to us."
The Company would like to announce that it has divested of the overhead heavy retail side of the Remittance / Foreign exchange business. As disclosed earlier this will immediately result in an increase in revenues and the business unit will be cash flow positive and have an ability to rapidly expand without additional Capital. Steve Prior will continue to oversee our technology/forex operation in Hong Kong & China reporting directly to Ron Lindsay.
The Company also has entered into an agreement to acquire certain Gold and Silver mining asset rights in Mexico. Not only does the Company believe these assets will produce amazing returns, the price of Gold and Silver has substantially increased over the past year and experts are predicting this trend to continue as the major currency valuations are questioned. The Company welcomes Dane Peterson to its executive team. Dane has substantial experience mining in the contracted for areas and will be the key leader of our mining interests immediately. Expect more detail of the valuations of this OWVI addition in future announcements.
We are confident about the opportunities the future holds for One World Ventures, Inc., and thank all of our shareholders for their continued support.
Jeez, they had the same phone and mailbox at first. Until CRWV put some other erroneous address, mailbox, and $20 virtual office number to it.
There is no real mining business here and was just another P&D that put Peterson's name on it. It was decided that CRWV was a better ticker than OWVI to pump and destroy. That ticker was already down in the dirt in the trips and with a lot of people that was wise to that game. So the Panamanian business went for a dead ticker that had a better pps starting point to take from. Wonder how many shares Peterson got for using his name and "familiarity" to the "mining business". LOL
Please folks, this is a GTCP discussion board, so lets keep the discussion about this stock. Thanks.
I was just telling BB that April was the lowest volume since Feb 09 for BEHL, over three years ago. But even then, the dollar volume back in 09 and before the PSC P&D was way more dollar volume. April was a low of about 18 million shares.
http://www.otcbb.com/asp/tradeact_mv.asp?Issue=behl&searchby=issue&sortby=volume&Month=4-1-2012&view.x=0&view.y=0&downloadname=mv201204.exe
The volume lately has pretty much dropped to nothing coincidentally since a certain paid promoter has exited (or is in the process of exiting) the building so the rumor goes.
Also a strange coincidence BEHL old connected insiders names have come back around with current SEC criminal actions.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75196359
R/S? Well I've seen some strange examples, but can't place any at the moment which served "longs" any good. There was an example about six months ago in which a DTCC restricted stock got a RS and new CUSIP through FINRA, but problem is, it still doesn't have any 211 and is still on the Grey Market from a SEC suspension. No help and no liquidity there.
BEHL ticker is pretty much gone and quickly blowing away are the last few grains of dust with nothing but a disintegrating rusted fork left behind.