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Now that I have a chance to look at what all this nonsense is about, I see what might be a mistake in the recording of the deed. This has the COS number in the warranty deed Wilcox provided but it lists EZ Rocks as both the grantor and grantee. I believe this should list UC Hub as the grantee. It doesn't make any sense that some entity that already owns the property would deed it to themselves. It appears to me that this is a mistake.
Instrument Number: 3189444 Receipt #: 119746
Document Code: DEED Recording Fee: $7.00
Recording Date: 07/09/2010
Recording Time: 03:57P
Number of Pages: 1 Book: M42
Document Date: 07/08/2010 Page: 2056
Grantor Grantee
EZ ROCKS 4U LLC EZ ROCKS 4U LLC
Legal Description
12-A 10 11 2 COS# COS#3184438
Misc
-
Notes Return Address Related
- HELENA ABSTRACT AND TITLE COMPANY
22 WEST 6TH AVENUE
HELENA, MT 59601
3189444
Can't say that's too surprising. He was putting his own money in the company for years and since there wasn't any revenue and he never sold his shares, it was only a matter of time before his money ran out. He even refinanced his house to keep this afloat and will probably end up losing it. It's just baffling that people still think this was some kind of a scam.
The company itself is unaffected by this and there will be a "group" taking over. This was never a scam at all and still isn't. But at least that article didn't lie about "massive dilution"
65,467,803 shares outstanding as of today according to Rachel Hutcheson at Corporate Stock Transfer. It would be nice if someone actually checked before posting that there is "massive dilution" or claiming that the TA is gagged and that supposedly "assures you that dilution is rampant". But like I said, we get alot of that kind of stuff around here.
That actually was posted on purpose by someone who knew it wasn't true. They made sure it was in bold and made sure massive dilution was in the title and of course they never bothered including the paragraph you referenced. And they did that even though they have read every filing and knew that figure was incorrect. You'll see alot of that type of stuff around here.
There's never been rampant dilution in the previous 6 years of trading and there's no reason to think its happening now.
The number of outstanding shares is 62,267,804 shares of common stock, $.001 par value per share, as of April 30, 2010. The IHUB info is well over one year old and is wrong. Yahoo finance has the correct numbers.
http://finance.yahoo.com/q/ks?s=UCHB.PK+Key+Statistics
Did I miss where they explain exactly how selling restricted shares would "generate the appearance of market interest in their respective companies, induce public purchases of their stock, and rapidly increase the stock’s trading price."? Maybe you can explain how that works.
Nope, the answer to this does not appear anywhere in the complaint.
Explain how selling restricted shares and never telling anyone about the deal would "generate the appearance of market interest in their respective companies, induce public purchases of their stock, and rapidly increase the stock’s trading price"
Why would you think the DOJ knows? If they knew it would have been in the complaint.
Explain how selling restricted shares and never telling anyone about the deal would "generate the appearance of market interest in their respective companies, induce public purchases of their stock, and rapidly increase the stock’s trading price"
That's why it's so petty. Wilcox thought the pension fund was legit. His thinking was that he gets 40K now but if he shows progress with the mines then maybe the fund will make a further investment. He was hoping this would be a mutually beneficial long term relationship. He truly believed he could make this company successful and the pension fund would make a profit on the shares they bought. He went about it totally wrong but he was not trying to scam anyone.
I don't recall ever predicting anything. Wilcox will get a fine and that's it.
I have no idea what you mean by "widows and orphans" fund. He was approached by a pension fund. He'll get a fine and that's it
He does consider it petty. He'll get a fine and that's it.
The SEC complaint specifically says "Mellone, Parsinia, and Wilcox created these schemes in an effort to generate the appearance of market interest in their respective companies, induce public purchases of their stock, and rapidly increase the stock’s trading price." But it doesn't explain how selling restricted shares and never announcing the deals could possibly have any effect at all on the share price. And during the time period they are talking about, the stock price was as high as .032 so I don't even see why the deal was considered "at inflated prices". Most of the lawsuits on the SEC website have to do with multi-million dollar scams like SPNG or BIHC so this one looks pretty ridiculous compared to those. Wilcox did this because he thought the pension fund was legit and this could lead to a long term relationship. Companies pay brokers all the time to solicit investments on their behalf but Wilcox' downfall was paying the pension fund employee. He still has never sold a single share he owns and does everything he can to limit dilution. It's just an odd and petty lawsuit that accomplishes nothing.
That's a good point. Larry still has never once sold a single one of his shares and won't ever sell unless the company becomes successful. It was no secret that Wilcox was looking for investors since it was mentioned in multiple SEC filings. He wasn't looking to give the illusion there was interest here, he was looking for investors to help further the mines and ultimately benefit all shareholders. He agreed to meet with this guy because he thought the pension fund was legit even if the employee was corrupt. He knows he made a mistake in the way he went about it but he wasn't doing it for personal gain. And he wasn't trying to defraud anyone. At the time he truly believed this pension fund would make its money back many times over. If he wanted to just pump the stock and make some money there are a hundred ways to do it without some elaborate kickback scheme. And as you pointed out, if he paid a broker it would be no problem at all. And I don't even see how buying restricted shares in a company helps create interest since I don't recall Larry even announcing this deal. The SEC claims Wilcox was trying to "generate the appearance of market interest in their respective companies, induce public purchases of their stock, and rapidly increase the stock’s trading price" but they never actually explain exactly how the sale of restricted shares that he never even pr'ed was supposed to accomplish all that.
The SEC looked at everything and this was the only wrongdoing they found and and it's so minor as to be a complete waste of taxpayer money especially with all the multi-million dollar pinksheet scams out there. There will be a fine and he won't be CEO anymore but the company will still remain and there will not be any trading suspension. Now it's up to the new CEO to continue to develop the mines and wells. I used to read the our-street website back in the day. It's a shame it's not around anymore.
It may well get to a dime. Barney told me awhile back that he was thinking of just reversing the shares insiders own and leaving the other common shares as is. The original plan a few years ago was to have existing ECEC shareholders own 5% of a billion dollar Miami based insurance company that was going to merge into the ECEC shell. That obviously never happened so who knows what Barney's plan is now but whatever it is, don't be surprised it takes many, many months if not years.
Sure, it's a good play right now. I don't recall it ever having this kind of volume. Just don't go too overboard because Barney has been promising big things for years. Here's an email I recieved from Barney in December 2007.
"We have taken the position that the bankruptcy case is closed via the March 23, 2007 Order Confirming the Plan. Judge Friedman was not reappointed and we believe the new incoming Judge has no need to have an additional order entered. The last hearing was to get the accounting fees approved where we could make all the final restructuring charges in the forthcoming 11/30/07 10QSB. We are planning in the near future to file a name change for eCom. As previously stated, we have begun the process in looking for an acquisition in the insurance industry, which we have executed several Non-Disclosure Agreements concerning. Upon completion, we plan to start the required State Insurance Regulatory Form A approval process."
Of course they did. But how would you know? You just showed up last week. I have followed it alot longer than you and even went to their office over 2 years ago. They no longer have that office and are now using Barney's home address as the company address.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30887631
I think you would be wise to listen to the posters who have been following this for many years rather than the ones who showed up last week to pump this. Barney Richmond has said many times that he expects something to happen "soon". I remember talking to him back in 2004 and he went on and on about all the things he had going on with investments in various companies and not a single one of those investments ever panned out. You can check out the SEC filings on American Capital Holdings and see it had 17 million in assets at one point and but all those "assets" ended up worthless. Just because they made a bunch of filings doesn't mean anything is going to happen here anytime soon.
There's never been any "airshares" here. That's never the case in any penny stock that I know of. Lots of people on the penny stock boards claim there's air shares and they'll be big short covering coming but I have yet to see it actually happen on any penny stock.
I got this message when i emailed
**As of August 4, 2010: Signature Stock Transfer, Inc, will no longer provide share structure information for any of our clients to non-affiliates without the issuer's consent. Please refer to public sources for latest company filings such as Edgar filings, the SEC website, or the issuer's website.
Thanks for that clarification!! But no one has any idea what you're talking about. You specifically said that UCHB was "on" the OTCQB, but we all know that's impossible. You can scream all you want and post with lots of caps but the fact is Larrylivingston and mjhowertons posts were correct and you were wrong. Nice try though!!
UCHB is not on the OTCBB, it's on the pinksheets and is eligible to go back to the OTCBB in Nov. I don't recall anyone ever claiming it was on the OTCBB and certainly no one has ever claimed UCHB was "on" the OTCQB since there is no such thing as being "on" the OTCQB, as everyone except you seems to know that OTCQB is just a designation pinksheets gives to companies that are registered and up to date on SEC filings and has nothing at all to do with the OTCBB. I doubt anyone even knows what you're talking about at this point but you're welcome to keep trying.
I'm not sure what you think I was wrong about. OTCBB's own website says they are operated by Nasdaq. I never said who owned them. My point was that pinksheets and OTCBB are different entities. Our resident genius claimed UCHB was "on" the OTCQB. UCHB is "on" the pinksheets and listed under the OTCQB tier meaning they are registered and continue to make their SEC filings. UCHB will be eligible to move back to the OTCBB after a year of timely SEC filings. Mjhowerton and Larrylivingston posts were correct.
I haven't seen anything the last month or so. Been working in the Gulf
You and Larrylivingston are correct. They were delisted to the pinksheets because of late filings. The other poster obviously doesn't understand the difference between OTCQB and OTCBB. OTCQB is just a tier on the pinksheets. The OTCBB is a quotation service run by Nasdaq and is separate from the pinksheets. Like you posted, after 1 year of filings, UCHB would be eligible to go back to the OTCBB.
I don't know what to tell you. bzcom never showed up until the Gotshalks showed up and disappeared when the Gotshalks disappeared. And the guy you claimed wasn't wash trading in PSPJ was just arrested for wash trading. If you want to know more about bzcom or Russian mobsters or italian muslims, I'm sure Kyle can give you more info. He posted 75K bond and will apparently be enjoying some family time with his felonious father in Oregon until July 15. If you hurry you might be able to catch him.
No idea what you're talking about. There was never a single pr with the BZcom contact info until the Gotshalks appeared on the scene and there's never been a single one since they left. They came with the Gotshalks and left with the Gotshalks. And I believe Ajene is nigerian anyway so I don't know what all that russian mobster talk is about. You'll have to ask Kyle if you want more info about that. Don't forget to ask him about the "italian muslims" too while you're at it. LOL
We have already gone through this. The IR firm came along with PSPJ and the Gotchalks. BZcom wasn't the IR firm for UCHB so why would Wilcox all of a sudden hire them from PSPJ? Bzcom, Ajene and the whole crew all came with the Gotshalks and all left with the Gotshalks. How come there was never any mention of Ajene or Bzcom before PSPJ and there's never been any mention of them since? Looks like you were wrong again.
Oh ok, so the major player in the PSPJ scam, Kyle Gotshalk who was just arrested for wash trading had nothing to do with any wash trading on PSPJ. You think it was some mythical Russian mobsters Wilcox hired. Wilcox, by the way, was never charged with anything nor even investigated for that matter, despite the 100's of posts you made claiming the FBI (and Interpol) was coming for him. And nothing about Russian mobsters was ever mentioned here until Gotshalk came on the scene. Gotshalk shows up, lots of talk about Russian mobsters, Gotshalk disappears, no more talk about Russian mobsters. I don't think that's a coincidence. Yep, it definitely looks like you were wrong about the Russian mobster thing too.
Nope, not a single thing Kyle had you post about Wilcox turned out to be true. No Russian mobsters, no italian muslims, no threats. If it were true, Gotshalk would have begged to go to trial but instead he begged to settle and disappeared for a year as you're well aware of. And Gotshalk was wash trading? That's interesting. There were many posts about wash trading but for some reason they all accused Wilcox of doing the wash trading, not Gotshalk. I guess you were wrong about that too
It was kind of fun looking back through the posts. It's pretty astounding how incredibly wrong you were about every single thing you ever posted about Wilcox and Gotshalk. Just read your posts after Wilcox filed the lawsuit against Gotshalk that Gotshalk ultimately begged to settle. You defended Gotshalk every which way and viciously attacked anyone who disagreed. Those posts will make you cringe.
My mistake, maybe it was your other buddy who posted that. You were the one who repeatedly posted that the FBI and Interpol were going to arrest Larry. Well, I guess you were partially right. The FBI was investigating and it was Kyle Gotshalk that was arrested, not Larry. Looks like you were wrong all along about Gotshalk.
Your buddy Kyle Gotshalk was finally arrested for "conspiracy, securities fraud and aiding and abetting".
Kyle Gotshalk was arrested for "conspiracy, securities fraud and aiding and abetting". He was released on 75K bond and ordered not to have any contact or involvement with Cannabis Medical Solutions. Still think you posted the "truth"?
And by the way, I don't know if someone already posted this but the "personal matter" Kyle has to attend to is this:
USA v. Gotshalk
Plaintiff: USA
Defendant: Kyle Gotshalk (1)
Case Number: 2:2010mj01213
Filed: May 21, 2010
Court: California Central District Court [ Court Info ]
Nature of Suit: Other - Other
I don't have Pacer so I don't know what the suit is about but I doubt it's anything good.
Kyle's father, Leonard controls Piedmont Properties which is a note holder here. Leonard had problems with the SEC in the past and was also a "consultant" with CBAY.pk when that tanked from .50 to triple zeros. Kyle is a former bouncer and real estate agent who owned a gym at one time but filed for bankrupcty back in 2004. He was also involved with the EXTO.pk scam. I think Cherish just goes along for the ride. The whole family is nothing but penny stock scammers.
Leonard William Gotshalk has a history of criminal activity. In December of 2001, Leonard Gotshalk was arrested on multiple felony charges of aggravated theft and racketeering in the State of Oregon (Case # 010623FE). In December 1994 the U.S. Securities and Exchange Commission filed a complaint in the United States District Court for the District of Columbia (Case Number 94CV02633) against "Astro Enterprises, Inc.," et. al., including Mr. Gotshalk. The basis for such complaint was the dissemination to the public from approximately March 1989 through May 1990, of false and misleading information concerning the business of such entity.
http://business.highbeam.com/5903/article-1G1-147927663/calbay-virtual-home-construction-entry-calbay-international
http://www.marketwire.com/press-release/Exit-Onlys-TEXT4CARSCOM-Realizes-Results-From-Sarah-Fisher-INDY-500-Sponsorship-861559.htm
You forgot to post this part.
"Whereas, UCHUB, et. al., filed an action in the Unites States District Court, Central District of California, Western Division, on October 18, 2007 entitled action number CV07-6776 AHM (SSx) (“The Action”); and
Whereas, the Defendants to The Action have offered and UCHUB, WILCOX and WFP have agreed to settle this dispute and to resolve The Action without the cost of continued litigation"
And this part.
"As part of the press release created by PSPP, it agrees to, in specificity, formally apologize for any and all disparaging remarks, errors, misstatements, and the like, made against any person, entity or otherwise. Furthermore, PSPP hereby agrees to retract any and all previous press releases issued between August 16, 2007 and the Effective Date hereof."
So the guy who was supposedly threatened is the one who wanted to settle and agreed to apologize. And by the way, Kyle's father, Leonard is a convicted felon who was behind the CBAY.pk scam. Leonard was convicted of racketeering, a crime typically associated with organized crime. Kyle went to EXTO.pk and quickly tanked the share price there too.