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Yes...
Protect the Investors by maximizing shareholder value...
"And the Company", needs to be protected from the actions and unusual agenda of those running ADCS/ V STARR...eom.
Yeah, I think your right here...
Since there's nothing to explore or buy in the V Starr Sims, no one should go there anyways...
Investors "don't belong there" either, unless they want to lose more money...JMO...EOM.
Yes....
Getting in and out of the Event Center in a flash isn't a problem for anybody...
Having the other Sims closed to everyone except insiders, is a problem...eom.
Yeah, only one of their Sims-the Event Center-is open: Nothing going on there and you have to get in-and-out in a flash so that your not banned...eom.
The article had no impact on todays volume. However,
we'll see what's good with the volume when they begin
their advertising campaign...IMO.
Go RVGD!!!
Yes littlefeets...
Exactly!!! That's how it was with the founders of V Starr: Avatars posing as Businessmen garnered a lot of attention in RL; courtesy of some honest, hardworking businessmen on this board. Ideas and goals were openly shared and bandied about in RL strategy sessions that took place in SL.
But the V Starr Avatars were only puppets, who like their RL counterparts, had no real skills. And while these V Starr Avatars are continually caught up in the SL effect, Their RL counterparts are cognizant of the fact that they never had a viable business plan. That wasn't even the point.
A "dream" to have a talent contest in SL which would crossover into RL was just a ploy to sell and print shares, becoming the shareholders RL "nightmare" in the form of an outrageous A/S and a no-bid pps:
-V Starrs open door policy is now closed, along with their empty sims.
-Ihubbers were taken, and taken advantage of by this ADCS/VStarr scam.
-The upcoming R/S will reveal the "truths and lies" in this matter.
All IMO Of Course.
Maybe they could get their Sims up and running with that kind of money!!!...eom.
The msg says the office is closed for the weekend and will re-open tomorrow at 9 am. Also says, all calls will be returned...eom.
LOL...Yeah, the gates show a big ban list comprised of many Ihubbers...What a shame...eom.
Only the Event Center is open: All of them are empty...eom.
NP Dog...I knew you were talking about the GTM deal.
Maybe when the New Car Models are released in the Fall...
Gltu...eom.
http://investorshub.advfn.com/boards/board.asp?board_id=12313
Apr 9, 2008 PR, Revenge use the word Penske:
http://biz.yahoo.com/iw/080409/0385275.html
IMO, This sounds just like ADCS!!!
SEC Files Fraud Actions Against Fuel, Wireless Firms
Companies are alleged to have engaged in 'pump-and-dump' schemes
July 24, 2008
The Atlanta Regional Office of the Securities and Exchange Commission has filed fraud actions against two Southeastern companies, alleging that they engaged in "pump-and-dump" schemes in which companies distribute bogus information to pump up share prices, only to dump the stock and leave investors with huge losses.
One of the companies in the SEC's sights is Alpharetta, Ga.-based Mobile Ready Entertainment Corp., whose Web site says it sells, markets and develops wireless software applications and entertainment content for mobile devices; the other company is Natchez, Miss.-based U.S. Sustainable Energy Corp., which says it can produce biofuel from soybeans.
Katherine Addleman, the SEC's regional director, said the number of pump-and-dump schemes her 35- to 40-lawyer office sees doesn't seem to be affected by the economy. In fiscal year 2007, the most recent year for which data are available, Addleman said about 5 percent of the cases brought by the SEC's national enforcement program involved pump-and-dump schemes.
The SEC's Atlanta office, which covers five states, alleges that Mobile Ready and its former co-CEOs committed fraud and engaged in insider trading and violations of securities registration requirements.
Their methodology, as outlined in the complaint, included taking Mobile Ready public by essentially inserting it into the shell of a defunct public company.
Although that process is legal, Addleman said it allows companies that use it to sidestep certain SEC registration processes that would provide useful information to investors.
The SEC alleges that the defendants issued some 16 press releases, some of them misleading, which pumped up share prices, and that the former co-chief executives then illegally dumped their own restricted, unregistered shares, nabbing a profit of about $140,000.
In its complaint, the government alleges that Mobile Ready's two former principals, Michael H. Magolnick and Craig A. Mora, "knew or were severely reckless in not knowing" that press releases containing "baseless projections of future revenue, misleading overstatements of business relationships, and identified contracts for future business that did not exist," were false. The complaint was filed July 14 in U.S. District Court for the Northern District of Georgia by the SEC's senior trial counsel, Alex Rue, and Aaron W. Lipson, a senior staff attorney.
One press release projecting revenue of $10.1 million in 2007 and $14.8 million in 2008 pushed share prices from 7 cents to 11 cents a share, a 57 percent increase, according to the complaint.
Addleman said that certain press releases pushed trading volume as high as 3.5 million shares per day. "Basically, we're talking about 500 percent increases over the average trading volume prior to these false press releases," she said.
During the time these releases were issued, the SEC alleges that Magolnick and Mora each received 76.9 million restricted, unregistered shares of Mobile Ready stock. Legends on the certificates for the shares stated that they could not be sold to the public without prior registration or an exemption.
Addleman said the two men then sought an opinion from their lawyers saying they'd qualify for an exemption to the SEC's rule requiring registration of restricted shares, Rule 144. But, according to the complaint, their representations to counsel "contained multiple false statements."
And, the complaint continues, without getting the required exemption, the two men sold more than 4 million of their shares.
In addition to seeking disgorgement of profits and permanent injunctions to prohibit the defendants from violating various securities laws, the SEC also seeks to bar Magolnick and Mora from participating in any more penny stock offerings or companies.
Neither Magolnick nor Mora could be reached for comment. A home telephone number for Mora in Cumming was no longer in service; Magolnick's voice mail says he is no longer with Mobile Ready but does not offer any contact information. An e-mail to Mobile Ready's investor relations address -- the company does not appear to have a listed telephone number -- was not returned.
Dana L. Choi, an attorney with Holland & Knight in Miami whom the SEC says has represented Mobile Ready and Mora in the past, did not return an e-mail message; her assistant said she was out of town and was not checking voice mail.
Web pages for companies Magolnick and Mora have owned or worked for in the past provide some insight into their backgrounds. Magolnick's bio on one of these pages identifies him as a member of American Mensa, the group for people whose IQ is in the top 2 percent of the population; another bio says he "received his certification in corporate governance" from Tulane University Law School and "attended MBA seminars and executive education classes through the Wharton School at the University of Pennsylvania."
Mora's bio lists a variety of executive-level technology-related jobs he has held and says he has degrees in graphic design and finance from the University of Arkansas.
The case is SEC v. Mobile Ready Entertainment Corp., No. 1:08-cv-2263 (N.D. Ga.).
SOYBEAN CLAIMS
On July 17, the SEC sought an injunction in U.S. District Court for the Southern District of Mississippi against Sustainable Energy, its CEO and his live-in companion. Among the allegations: that the penny-stock company had, through press releases, teleconferences with investors and postings on its Web site, "claimed to have a patent pending process with a plant which could produce more than three times as much biofuel as its competitors from the same amount of raw materials."
The SEC also alleges that the company claimed it could produce five gallons of biofuel from one bushel of soybeans and that it could make biofuel for 50 cents a gallon.
"What we allege is that this is fraudulent on many levels," said Addleman. "One, they extrapolate numbers from what they claimed was testing on a mini-reactor, and ... not from any facility they had up and ready. Secondly, experts are telling us that these are unreasonable numbers in any respect, both in terms of the prices and the [fuel] production level."
Finally, she said, the company had neither the patents it claimed to have, nor the full scale commercial reactor needed to produce biofuel from soybeans.
According to the government's complaint, Sustainable Energy claimed if it combined its technology with another company it planned to merge with, it could achieve an immediate market value of between $9 billion and $12 billion.
The press releases making these allegedly bogus claims, according to the complaint filed by SEC senior trial counsel Rue and staff attorney John G. Westrick, served to pump up stock prices even though the company has generated only "nominal revenues" since its inception and had "no reasonable basis" for stating it could achieve billions of dollars in market value.
"Those claims were utterly false," the complaint says.
But during the time period in which the SEC is alleging the company made its false claims, share prices moved from 25 cents to 45 cents a share, Addleman said, adding that some earlier press releases pushed share prices above 70 cents.
"In early 2007," she said, "there were certain days on which trading volume reached in excess of 4 million shares per day. ... That is a fairly substantial market for this microcap penny stock."
With the stock price pumped up and the market actively trading, the SEC alleges, Sustainable Energy's CEO, defendant John H. Rivera, directed his girlfriend, defendant Alice M. Price, to sell some 2.6 million shares at what the government says were artificially inflated prices.
"A substantial portion of the proceeds from these sales were transferred from Price's brokerage account to a bank account held jointly with Rivera," the SEC alleges. "Some of these funds were used to fund [Sustainable Energy's] operations."
The SEC's action claims Price was unjustly enriched
The case is SEC v. U.S. Sustainable Energy Corp., No. 5:08-cv-245 (S.D. Miss.).
I have to agree with you here marcq.
Also, hateful and vulgar e-mails only
make us all look bad.
Peter indicated to me on the phone last week that,
he has stopped reading such e-mail.
Everyone needs to stay as professional as possible
in this horrific situation. JMO...eom.
http://investorshub.advfn.com/boards/board.asp?board_id=12313
Thanks littefeets:
Yes, I understand that the Pilot was in fact completed. I must have missed that in the confusion of the lies and lost monies: Ihubbers being banned from the Sims they helped pay for. Good peops being made a fool of, personally and professionally. For those of you who have not been in there,imo, SL is the coolest place ever.
Let's see how this plays out and good luck to you...eom.
http://investorshub.advfn.com/boards/board.asp?board_id=12313
Gee...I was in the event center while they were prepping for the initial filming...Just before the bottom fell out. It's my opinion that nothing was really filmed, let alone completed...eom.
I'm in SL all the time. My apologies. Guess I missed the completion of the pilot because the V Starr sims are empty most of the time...eom.
"The pilot was completed,fact." Really? Wonder where it was filmed?
Lets see your proof, please...eom.
It's my opinion that this whole thing looks really bad, but good luck to you and to everyone else involved...eom...
It would be nice to see the return of all the Vendors with the
entire Mall busy: People spend money in SL...We could all use some good news here...eom..
This side is still closed... And the lower level on the other is still closed...eom.
Upper level is closed....So is the entire Mall....Now you can't log on? I'm in SL right now...No one is in the V starr Sims...EOM...
No IR. No unveiling. More Dilution. Thats what's going on here. See it now?..eom.
They didn't take down WalMart, yet. And yes, everyone who got caught up in the SL effect certainly lost big time out here...eom.
We're going to be "picky" about the finished product, right?
The website should be perfect...jmo...eom.
Hopefully, V Starr won't treat the contestants the same way
they've treated some of the Shareholders...eom.
What a joke...Now they're going to hide their "non-information" behind the dreaded NDA...eom.
Yes. Sarah ejected me from the Mall after I made it clear
that Chris had lied to us in SL. With a raise of her eyebrow,
She threw me out after I said I was leaving, but before I was able to do so...
What a way to run a business into the ground while keeping Shareholders happy!
Congrats, Chris and Sarah...eom.
HAVOC Energy Drink Creates More Sales
DALLAS, TX announces that HAVOC's creative Marketing Engine continues to fuel sales growth with the Eldorado Casino Shreveport Sugar Free Energy Drink, POWERED BY HAVOC introduced to their patrons last week. Eldorado has taken advantage of the unique marketing opportunity and flexibility of the HAVOC products by labeling the can promoting the Casino's Big Summer Extreme Cash Giveaway. Additionally, HAVOC has signed an agreement with another Casino which will carry the Regular and Sugar Free Formulas as well. "This is another example of what sets us apart as not only an Energy Drink Manufacturer, but a Marketing Company who is creatively helping their partners promote themselves and their services or products," says HAVOC President CK Williams. "Just in the past two months, sales to partners who are using their own brands to retail, promote, and market have surpassed the $170,000 mark," Williams said. "With the up and coming announcements of agreements with several more Division I Universities and agreements with Corporate Sponsors, the growth does not appear to be slowing. I expect that as our sales grow, our financial statement will reflect a minimum of a 10% reduction in liabilities," adds Williams.
HAVOC Distribution, Inc. is based in Dallas, Texas. It develops, manufactures and distributes energy drink products through strong affiliations with collegiate universities and conferences, professional sports franchises and corporate alliances. American Enterprise Development is represented by Sports Media, Inc.
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
Contact:
American Enterprise Development Corporation, Carrollton
Brim Basom
972-418-0225
I want to apologize to the board for the pics of this scam that I posted...eom.
That's 5 BILLION!!! Hard to believe, huh?..eom.
I have an expansion bridge, I'm looking to sell...
I am in agreement with this...Let's all work together and straighten this mess out...eom.
This is a good photograph. Texture and lines bring your
eyes here and there. The edges complete the overall
composition of this image...
http://investorshub.advfn.com/boards/board.asp?board_id=12313
These people are all messed up dude, they got a lot of us crying...eom.
We have to think that there is some type of deal in the works:
WalMart is the primary sponsor of their Mall in SL.
Why the execs didn't show for their scheduled walk through, is anybodys guess...They didn't show: This according to a Mall vendor. And yeah, the Mall is nearly filled and beautiful but, what are we left with now...eom.