@JasonCoombsCEO
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It's fundamentally wrong to claim worthlessness before revenue is produced from products that have just as much fundamental potential as Google's initial product did.
Are you even aware that I worked for Alta Vista before Google existed?
My products are fundamentally valuable. Say "worthless" all you want about a probiotics company that doesn't have any probiotics to sell and whose CEO is apparently not willing or able to create value for shareholders, but do not insult my cybersecurity, forensics, cyber finance and cyber literacy products just because you don't understand them.
When ADIA was worth $100M based on my forensics consulting revenues and a few hundred thousand users of our host intrusion prevention software, it was worthless stock.
Do you understand what makes stock worthless? You seem to have it backwards in your postings -- stock is worthless when the people in control of issuing new shares treat it like their own personal piggy bank and issue new shares for nothing while refusing to focus the limited resources of the company on the things that produce significant growth so that there is value left over after compensating insiders.
My forensics consulting revenue is not the basis of the value of the stock.
Neither are the hundreds of thousands of users we will have again when I finish the launch of our new products, which doesn't require anything like a reverse merger that dilutes the existing shareholders.
The value of the stock comes from an honest, competent team that makes decisions and takes actions to create shareholder value. Period.
No matter what happens with Bill Hodson and Shelly Singhal, every holder of ADIA shares will have value created for them in the future by my efforts and through the team that operates Homeland Forensics, Inc.
My premature death is the only event that may defeat my plan, and at some point we will even insure against that risk. Watch and learn.
SCHWING! How hard would it be for Bill to show investors something worth investing in?
10,000 packages of product @ $10.00 each = $100K gross sales
When will LiveWire achieve this scale of revenue on a monthly basis?
How will LVVV ever achieve this scale of revenue without diluting the Common stockholders down to $0.0001 per share to raise the capital it would take this particular management team to get there ??
Without $1.2M in annual sales there is no reason for LVVV to have a $1.5M market cap for its Common stock, because the overhead is so high and margins are so low.
THE ONLY WAY FOR LVVV TO SURVIVE IS ALSO THE ONLY WAY FOR BILL TO SHOW PEOPLE THAT IT IS REASONABLE TO INVEST IN THE COMMON STOCK: EXPLAIN WHAT THE BUSINESS PLAN IS THAT CAN ACTUALLY SCALE, AND EXECUTE ON THAT OPPORTUNITY WITH A REASONABLE SOURCE OF CAPITAL THAT DOESN'T INVOLVE LIES AND DECEPTIONS THAT TURN THE LVVV STOCK INTO A REGISTERED SECURITIES FRAUD.
Hope you're having a nice weekend.
My most recent letters to the SEC are relevant to ADIA:
http://www.sec.gov/comments/s7-06-13/s70613-504.pdf
http://www.sec.gov/comments/s7-06-13/s70613-599.pdf
All comment letters regarding the proposed final Rule 506(c) and revisions to Regulation D to permit JOBS Act public offerings, general solicitation and advertising of unregistered securities, can be found here:
http://www.sec.gov/comments/s7-06-13/s70613.shtml
The most important change to the financial markets in 80 years is coming next year when the JOBS Act Rules go into effect.
Capital formation is finally being brought into the Internet age. This requires cybersecurity and forensics solutions, plus deep expertise in corporate law, litigation and fraud prevention. There is no company in the world better positioned to bring these solutions to market than whichever company ends up with my technology and innovations. I still believe that company will be Homeland Forensics, Inc. as a spin-out from ADIA precisely as planned in 2011...
Shelly and Bill seem to believe they can hold my plans hostage and attempt to force me and my investors to buy my technologies, intellectual properties and shareholder list from them. They're wrong, and I am willing to do whatever it takes to prove it because even in this absurd unnecessary hardship there are lessons to be learned for millions of other people.
Technology will solve problems like the ones created by Shelly and Bill, but it also requires the regulatory policy changes that I've urged the SEC to implement -- otherwise, the future of corporate finance will not be securities but cryptocurrency instead.
In my opinion it should be both, the future of finance should be "cryptosecurities" rather than cryptocurrencies. If the SEC passes final JOBS Act Rules that include my recommendations then such a thing will exist inside the USA. Cryptosecurities already exist outside the USA, so it is just a matter of time before the SEC catches up to this trend.
I also believe strongly that it is only a matter of time before my efforts to raise substantial capital yield the results we need to be able to grow faster than the rate which my cybersecurity and forensics consulting practice achieves today.
Blaming me for anything is ridiculous. Adia Nutrition was not my business, and I did not run it into the ground. Shelly and Wen did that themselves, and according to the FBI they had a habit of running companies into the ground and then doing a pump and dump to get a profit out of them at investors' expense before giving up on the businesses entirely.
The only reason ADIA still exists after what Shelly and Wen did to it is that I became CEO and insisted that the shareholders' rights be protected.
Now the cybersecurity and forensics businesses will finally be spun out of ADIA as Shelly and Wen promised they would do in 2011, and I will do what I can to ensure that the probiotics business successfully relaunches as promised also, even if that requires litigation with Bill and Shelly.
I will not accept a fraudulent outcome for ADIA. Find fault in that if you can, but I am confident my actions have preserved the value of three businesses and stopped criminal fraud twice.
The SEC will shut down ADIA if Bill, Shelly and Tony attempt to use it to commit fraud. That is the only "non-compliance" possible here, because ADIA is not registered under the 1934 Exchange Act -- it has no regulatory compliance obligation except to not commit fraud.
On this board and on the LVVV board you have demonstrated a profound lack of understanding. Please contact the SEC and ask them for more information about the compliance burdens of a non-reporting company like ADIA.
Here's a good place to start:
http://www.investor.gov
Buying LVVV Common Stock is an unreasonable risk until Bill Hodson makes it clear that he actually intends for the Common stock to hold any value.
It looks increasingly likely that these shares are not meant to be an investment for anyone. It looks like they are only meant to be a source of liquidity for people converting debts and Preferred shares. There's no way for any "investor" in the LVVV Common Stock to see their "investment" grow if Bill Hodson doesn't intend for those shareholders to benefit when and if the company grows valuable.
Before buying LVVV Common Stock, call Bill and confront him about this and find out for yourself that he has no way to prove to you that he has stopped using the "retail market" as an abusive liquidity dumping ground.
I reported the "Business Development Company" fraud to the SEC when I was still CEO of ADIA. The BDC fraud, which seems ever more likely to be at work in the case of LVVV, involves companies in a "syndicate" sharing ownership of "Preferred" stock with each other so that there are "assets" on each company's respective financial statements.
The companies are told, by $90,000 per year consultants, to convert each others' Preferred shares to Common and to dump them on the market endlessly because the Common stock is not meant to hold value it is only meant to be a dumping ground for Preferred conversions.
The architects of this criminal scheme have a ticker symbol associated with their OTC-quoted company but I'm not going to help them promote it here. They are skull-and-crossbones tier after having been halted by the SEC earlier this year.
If Bill Hodson is helping his "syndicate" co-conspirators dump worthless LVVV Common stock shares on unsuspecting victims then he better be put in prison for what he's doing. The fact that I warned the SEC that this scheme had been proposed to ADIA and LVVV but the SEC has taken no action to stop it from happening, even as LVVV changed its share structure to exactly match the structure required to participate in the BDC scheme, is F'ing outrageous.
The SEC will have to answer for what they have failed to do in this case if LVVV turns out to have joined the "syndicate" in the months AFTER my whistleblower report warned the SEC to watch for this!
LVVV only used social media to spew nonsense and Bill Hodson was mostly MIA the whole time his company was trying to show people what it is all about.
There's no way honest people can screw up social media. Being authentic is easy, if what you're doing is honestly meant to be valuable.
As I pointed out in this previous posting, CBD and hemp oil matter to a lot of people. Even if they're wrong about it being of any medical or other use for anyone, these people honestly believe in what they're doing...
CBD / hemp oil featured in Time Magazine
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107968644
Through social media we should be able to see SOMETHING AUTHENTIC coming from LVVV. Instead we have only seen that some of the people who support LVVV are authentic and truly believe in a company that seems incapable of being authentic.
If LiveWire's products are going to be the next big thing in Las Vegas hotel room parties, because that's what the company is capable of being authentic about, then it needs to relocate its headquarters to a Las Vegas hotel room and BE AUTHENTIC.
Nobody can stay in business today without possessing the simple quality of authenticity as a first principle. Politicians can smoke crack and sext on Twitter without suffering the kind of professional setback that LiveWire has created for itself by failing to speak truthfully about what it is and what its founders honestly care about doing.
How do you know? That's NOT what the 10-Q says.
The Securities and Exchange Commission treats investors like this, too.
Why does it make sense to give people like Bill Hodson the right to dump shares and borrow from toxic lenders who dump shares through stock brokers involving the retail investing public based solely on filing meaningless 10-Q and 10-K reports?
The cost to file these reports is enormous. Look at the losses LVVV has booked in its financial statements, just for worthless overhead.
This is symptomatic of the fraud inherent in the system, as officially sanctioned and supported by the SEC. Shareholders of LVVV should be filing a class action lawsuit against the SEC and their stock brokers, IMHO.
Who are the creditors from whom LVVV needs bankruptcy protection?
Not Asher. The shareholders are the only people who need protection from Asher. LVVV will never go bankrupt borrowing money from Asher, but the shareholders won't end up holding any value in their shares while Asher is the creditor even if LVVV does become a legitimate and profitable company.
Awesome. Contact the attorney, Carlos Negrete
Carlos F. Negrete <cnegrete1@hotmail.com>
Shelly claimed that he transferred the Preferred shares to Bill as promised but the transfer agent told me that had not happened, so Shelly is still the owner of the Preferred and they must be bought back from him.
Call me at 831-241-4900 when the deal is done or if you need anything from me to effect or compel the sale.
If LVVV is nothing but stock fraud that has been partially-halted by law enforcement action against Richard Weed, then the holders of toxic debt and the holders of restricted shares will still be allowed to sell as long as Bill Hodson keeps filing 10-Q and 10-K reports on-schedule.
As long as there is a bid at any price, the final liquidation sale of the restricted shares and toxic debt conversions would still bring in a million dollars for the sellers.
Is the market truly going to reward people who got caught committing fraud with another million dollars in liquidity before they stop filing quarterly and annual reports?
The fact that Bill Hodson has not bothered to communicate at all about any of the things that appear to be very wrong here suggests he simply has nothing to say except what we see in the 10-Q ... this is truly outrageous and wrongful. Filing reports with the SEC once every three months so that shares can continue to be sold pursuant to Rule 144 should be a crime, but that part (the "end game") of this scheme is clearly protected by the SEC.
See: http://www.sec.gov/rules/final/2007/33-8869.pdf
The spin-out approval is now automatic from the IRS because of a "no rule" rule change (yes, that's confusing, but it's the IRS so it is supposed to be confusing) which took effect in 2013. The spin-out definitely satisfies the requirements of IRS Section 355 of the IRC.
See:
http://en.wikipedia.org/wiki/Internal_Revenue_Code_section_355
http://www.law.cornell.edu/uscode/text/26/355
http://www.irs.gov/pub/irs-irbs/irb13-28.pdf#page=11
http://www.stblaw.com/docs/default-source/cold-fusion-existing-content/publications/pub1624.pdf?sfvrsn=2
There's also an application to FINRA that must be made, and I have experience with the FINRA approval process -- we will have no problem obtaining approval from FINRA as soon as Bill Hodson files the required annual list of officers and directors with the Nevada Secretary of State.
The FINRA requirement is for a pro-rata stock dividend, whereas IRC Section 355 seems to allow dividends that are not pro-rata -- it is my understanding that the latter is only applicable to privately-held companies. It makes sense that FINRA expects pro-rata dividends for spin-outs, or the investors who buy shares via public markets could easily be diluted into nothing through a spin-out.
To conclude a pro-rata stock dividend with FINRA approval Bill Hodson must finish the claw-back of the improperly-issued shares that Shelly Singhal instructed Wen Peng to issue to his affiliates, including his wife. Everything that has NOT happened that should have happened by now and that I was promised in January seems to revolve around this share claw-back. Shelly objects to it for some reason, but he also objects to the spin-out on the grounds that it will create a tax liability. It clearly won't create a tax liability for anybody, it is fully compliant with the letter and the spirit of IRC Section 355.
On the business development and capital formation side, I have both customers and investors who are merely waiting for Shelly and Bill. As soon as the conflict is resolved with the help of their attorney, I'll be moving everything forward substantially and will provide regular updates -- if the final JOBS Act Rules contain flaws that impose large financial burdens on startups then I will be filing a registration statement for Homeland Forensics, Inc. and/or Public Startup Company, Inc. rather than relying on the JOBS Act for crowdfunding next year.
With a $1.8M market cap there are obviously shareholders who are sitting on profits. Nowhere near $1.8M of capital has been invested in the creation of the 146,558,559 LVVV Common stock shares that existed as of September 5th.
Part of what's wrong with this picture is that Bill Hodson is being rewarded the most for his work creating losses for other people. We all accept, even encourage, a meritocracy and a wealth distribution in society that is biased toward enriching the job creators and the leaders of industry.
Until and unless Bill Hodson demonstrates that he is a job creator and an industry leader, it is wrongful and intolerable for his shares to unduly enrich him at the expense of everyone else. These shares are not being used for capital formation, equitably sharing risk and reward, but rather they are being used for exploitation -- creating unreasonable wealth transfer to the perpetrators of fraudulent deceptions, while not using the capital that is being raised for legitimate business purposes.
http://www.otcmarkets.com/stock/LVVV/profile
Share Structure
Market Value $1,831,982 a/o Nov 17, 2014
Shares Outstanding 146,558,559 a/o Sep 05, 2014
Float 70,347,294 a/o Sep 05, 2014
Authorized Shares 200,000,000 a/o Jul 24, 2014
Bill would sell more marijuana chews in rehab than he has sold in retail. Sad but true.
What good is NEWS if Shelly-Weed-Kramer still have hidden control of LVVV?
Shell out more money hoping LVVV can make a profit growing weed, only to have your shares of stock krammed down to nothing by the SWK puppetmasters?
Who's going to be tricked by that AGAIN at this point?
The key for LVVV to have a future at all, and for Bill Hodson to avoid jail, is to make sure the bad actors are gone and to rehabilitate the Hodson if he was one, too, which by all appearances he was.
Bill Hodson needs to go to rehab. Then maybe LVVV will recover.
But there's a greater fool who will ask those same questions again at $0.10 per share. If there is anything legitimate happening, and if Bill Hodson has forced Richard Weed and Shelly Singhal and Curt Kramer to leave, then he probably won't be arrested and the stock probably will rise tenfold from here.
The shorts will cover now if Bill Hodson is honestly trying to grow a valuable business rather than trying to keep the toxic debt / pump and dump cycle repeating under what he hopes is the legal cover of the 1934 Exchange Act. I don't think Bill was expecting Asher to be stopped in its tracks by the SEC, nor was he expecting Richard Weed to be arrested.
The old schemes that worked in the Over The Counter marketplace with no risk to the fraudsters still work today, but finally law enforcement is beginning to enforce the anti-fraud statutes when regulatory violations and deceptions turn "registered shares" into a tool of white collar crime instead of being the tool for raising capital from investors that this market is supposed to be.
Can Bill Hodson make the transition to the new regulatory regime of telling the truth, or is this a case of "you can't teach an old dog new tricks" ??
LiveWire is all that, and still it can turn itself around if shareholders demand changes and management responds honestly.
What appears to be fraud and deception looking backwards from this point could be turned into a viable, legitimate business with apologies and new promises that are honest, actionable, transparent and law-abiding.
The Shanghai-Hong Kong Connect has opened the floodgates to $3B per day in securities purchases, and capital is flowing into China.
If LVVV legitimately has been granted permission to manufacture and export CBD oil by the Chinese government then this alone could save shareholders' equity investment -- it would be better, however, for Bill Hodson to create a Chinese stock offering and raise capital through Hong Kong than for him to continue to play penny stock toxic debt games with his reverse merger shell company in the USA.
Shareholders should be demanding that LVVV immediately stop the toxic financing scheme and start raising capital in a reasonable manner instead. Along with this change must come dramatic improvements in the behavior of management, to actually protect the value of the securities being offered and sold to investors.
Creating a market for product is hard. Creating a market for stock is easy.
It's a good thing, too, or many excellent products that make people's lives better would not exist.
If Bill and Tony honestly want to create products that make people's lives better, their opportunity to do so ends when there's no longer a market for their dishonesty or incompetence.
Whatever it is that is causing them to spend money on things that don't make people's lives better, they need to get it fixed immediately and then raise some new capital that doesn't evaporate into chewed air.
Has LVVV been publishing false press releases making claims that are factually untrue about things like being the first or only company approved by the Chinese government to manufacture and export CBD oil?
If LVVV has quality business relationships that are not fraudulent, then where are they? Why didn't the 10-Q explain anything at all about the status of strategic partnerships and progress being made on anything at all that the company previously announced?
The only thing I saw in the 10-Q that gave an update on the business condition was the statement that sales efforts are switching from a wholesale distribution model to one of direct sales via the Internet.
Press Release from KannaWay
http://globenewswire.com/news-release/2014/10/16/673952/10103060/en/Photo-Release-Kannaway-Gains-Global-Coverage-as-a-Cannabis-Industry-Leader-Through-Fortune-Reuters.html
You're wrong, it is not ridiculous and it happens all the time.
You would be surprised how many do-overs people receive from the SEC when their securities lawyer explains why the violations occurred and what has been done to remedy the problems.
If Bill is being totally forthcoming and honest with investors who are providing LVVV with new loans and working capital, then I am positive the SEC will take no action while they see if Bill turns the corner on this.
The SEC is not a law enforcement agency, they are a political commission. They're not going to initiate civil litigation just because you think they are required to sue every time a rule is broken or an investor loses money.
Every single person who ridiculed me in 2011 when Shelly Singhal first failed to honor his contractual obligations, and told Wen Peng to ignore me hoping to write off Homeland Forensics as worthless, apologized to me personally last year when it became clear how malicious and wrong they had been.
Laughing about the mistreatment of others while you are expecting to personally benefit from it because of an investment you've made is a very strange ethical choice, and not a very successful business strategy.
While they were laughing, I was raising capital and doing the forensics work that has created new opportunity and new startups that are each worth more than LVVV and ADIA combined. There will be a resolution to the conflict with Bill and Shelly, and you are very likely to be the loser in the end and then apologize because you'll realize that being a bully just empowers the people who are engaged in criminal and unethical activity.
Are you consciously investing in criminal and unethical activity or have you merely made an honest mistake?
LVVV isn't bankrupt thanks to Asher, but investors who paid Asher $600K so that LVVV could borrow $60K might be filing bk soon...
The problems here are not only bad acts by LVVV insiders, the problems are also systemic -- this is, unfortunately, the way the public market is designed to function currently.
That doesn't make it right to abuse the market but it does make it easy to understand why unethical, undisciplined management teams always self-destruct.
Do you think CBD chews will sell @$2 each?
The timing of enforcement action depends on what happens next with the LVVV stock, for reasons that make sense but that aren't immediately obvious when you first encounter this kind of fraud and regulation of it.
Most of the civil and criminal statutes being violated here have a mens rea element to them, meaning that the same conduct committed without the intent to defraud is not considered an offense.
As long as the stock continues to trade, it may be necessary for regulators and law enforcement to delay taking action to intervene because while new money is coming in there is new opportunity for the people behind the scheme to demonstrate that they do not have wrongful intent (today) even if there were wrongs committed in the past.
If Bill Hodson stops the fraud and produces a profit for investors, honestly and ethically, the way we all presumed he would, then law enforcement probably will not take action against him even if they do have smoking gun evidence of his willful participation in crimes such as in connection with Richard Weed.
Also, for practical reasons regulators don't want to intervene when there still appears to be some hope that investors may eventually recover losses -- regulators don't want to be the reason investors ended up losing money, and while LVVV is in a fragile but not entirely non-operating condition any enforcement action would likely cause the losses that everyone hopes can still be avoided.
For reasons that I don't fully understand, as long as it appears that new money is coming in to the stock regulators and law enforcement will wait and defer to the authority of the company and its stakeholders (all of them, including civil litigants such as myself and legitimate debt holders) to try to solve the company's problems internally.
If there is already definitive proof of criminal acts involving Richard Weed in the possession of law enforcement then I would expect LVVV stock to be halted by the end of the year or at least for the SEC to formally investigate and file a civil complaint against LiveWire and Bill Hodson.
Being honest and raising capital without using fraud and deception would work for LVVV, even now. The problem appears to be that as long as the methods of fraud and deception are working there's no incentive for management to even try to grow a real business that will make it possible for revenue from customers to support the company financially, instead.
My explanations of the fraud being perpetrated here have been shown to be correct in ways that you asserted were false.
You said Richard Weed had resigned. You keep saying that I haven't provided any evidence to back up my assertions of fraud, but the only way anyone can believe what you're saying is to ignore the evidence.
If you need me to publish internal emails and documents before you will believe that I'm right about this then you're not reading the 10-Q and you're not paying attention to the rest of the information already in the public record from LVVV itself and from other sources.
Bill Hodson told me last year that Richard Weed was no longer involved in LVVV.
What you don't seem to understand is that it is a crime to tell lies while trying to get people to buy your shares. There is no way to recover from this, Bill Hodson is going to jail for what he has done.
The best thing that could happen for LVVV shareholders at this point would be for Bill Hodson to resign and to forfeit his Preferred shares. When he is barred from serving as an officer or director of a public company the shareholders won't even have to worry that he might come back in the future.
Somebody else is going to have to turn LVVV around while Bill is in jail.
So LVVV should be allowed to commit securities fraud and it should be allowed to support people who are committing securities fraud merely because the things LVVV wrote about in its press releases didn't work out the way it had hoped?
Updates to the material condition of the company were required by the 1934 Exchange Act six months ago. Not providing those updates and continuing to allow people like Richard Weed to convert debts into shares was criminal.
I mean this literally, it was a criminal act. Bill Hodson is going to go to jail. Maybe that will help the LVVV stock price, though, because there might be somebody left standing who isn't a liar, a thief and a crook.
LVVV worked well for Richard Weed and Curt Kramer.
I hope the FBI takes back all their stolen money and tries to reimburse the victims of this fraud.
If Bill Hodson actually wants to grow a business, he would have lots of support to do it. But nobody is going to support him, and people are going to be trying to prosecute him criminally, the way things now stand.
I want to know what you meant by your accusation, as presumably you were referring to me when you wrote about an ex-CEO of ADIA.
Are you accusing me of being involved with criminals? If so, who and based on what? Do you consider me to be "involved" with criminals because I've worked as an expert witness in criminal prosecution cases in the past?
Or maybe you consider me to be "involved" with criminals because I have found it necessary to file whistleblower reports with law enforcement in the past?
Please answer my questions, so I will know whether it is necessary to investigate whether you are involved in acts of sabotage against ADIA which you expected would increase the value of your LVVV stock. Thanks.
Who are the criminals you accuse the ex-CEO of ADIA of being involved with?
Are you aware there are multiple ex-CEOs? Are you even referring to me with your accusation?
What do you want to see?
It is disgusting that you do not comprehend where your LiveWire chew came from, how much money was stolen from investors and how much equity value is being destroyed while you chew and digest the end-result!
You're very mistaken, and you're making a mistake.
Accusing me of being involved with unnamed criminals is absurd considering that we KNOW THE NAMES of the criminals involved in LVVV, and considering that you are behaving like a criminal yourself when you attempt to dance on the grave of ADIA trumpeting your success investing in theft from ADIA shareholders.
To whom are you referring?