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8.Apr PR -> "Float" is ~40M shares
The founder and President of SWCI owns approximately 297 million shares, of which 273 million shares are restricted shares and have not been registered nor do any of the shares qualify for any exemption from registration with the SEC. Further, the President does not have any intention whatsoever of selling the remaining 24 million shares within the next 12-months. Therefore, 297 million shares out of a total of 500 million shares are effectively restricted and "off-the-market."
Another approximately 163,000,000 (163 million) shares have been issued but are restricted and none of the shares have been registered, nor do any of the shares qualify for any exemption from registration, nor will they be, with the SEC within the next 12-months at a minimum.
The effective free-trading "float" is approximately 40 million shares (those shares that have been registered with the SEC and have been deposited in stock brokerage accounts into "street" name for DTC trading purposes).
http://www.prlog.org/12113117-sw-china-swci-share-structure-update-pledge-no-dilution-no-increase-of-shares-no-reverse-split.html
SWCI targets 20-50% interest in Absolute Protective Services LLC
So the Resident Agent for Absolute Protective Services LLC (APS) was Jae Hwang, who was also the The Co-Founder of SWCI and also Treasurer and Secretary until he resigned in Nov'12, as we can see here:
The Webapge for Absolute Protective Services LLC (APS) can be found here: http://absoluteprotectiveservices.com/ Correct?
I think it is correct, because when you look at the cached Version of the Webpage it reveals another 15Million Shares Shareholder as Contact:
http://webcache.googleusercontent.com/search?q=cache:pzQ32VU5g9cJ:absoluteprotectiveservices.com
Jimmy Ahn 15.000.000
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9070864
And there is another familiar Name that comes up with a websearch on "Absolute Protective Services LLC + shareholder name"
John Ki
https://emaryland.buyspeed.com/bso/external/bidAckList.sdo?bidId=MDDGS31005921
and here:
https://emaryland.buyspeed.com/bso/external/bidAckList.sdo?bidId=MDDGS31005921
Contact Person:
John Ki Absolute Protective Services, LLC
15800 Crabbs Branch Way
STE 310
Rockville, MD, 20855
Phone: (301)467-2452 Fax: (240)715-9116
Email address: jki@ki-hwang.com
The last Link is related to this Building:
George M. Taylor District Court & Multi-Service Center
http://www.dgs.maryland.gov/Facilities/Anne_Arundel/Managed/7500_Ritchie_Hwy.html
So John Ki is not only listed with ~39m shares that he got for providing legal services as shown in the 10K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9070864
John Ki (2) 39,010,000
(2)John Ki provides us with legal services.
Now he shows up as well as the Contact for Absolute Protective Services, LLC in those Public offerings.
So yes you are Correct there is no hint that APS is still involved in APS.
Please refrain from deleting this Post since it has relevant Information's regarding the Company and their some of their main Shareholders.
Thanks you
SWCI LOI - A closer look
SW China Imports, Inc. (SWCI) Announces LOI to Acquire Interest in Government Contractor
Thu Apr 11, 2013 9:40am EDT
ROCKVILLE, MD, Apr 11 (Marketwired) --
SW China (OTCQB: SWCI) is pleased to announce that is has entered into a Letter of Intent ("LOI") to acquire an interest in Absolute Protective Services, LLC, ("APS") a private security government contractor. Under the terms of the LOI, SWCI will purchase an equity stake of 20% to 50% of APS and will close the deal within 30-buisiness days upon successful completion of due diligence. APS is a small business founded by a sworn and licensed police officer working within the State of Maryland to provide private security services to federal, state, and local
governments. APS has been awarded a state government contract to provide unarmed guard services protecting a government building for a 3-year term and has aggressive growth plans to obtain more governments contracts in the future.
The final terms of the acquisition will be negotiated and will involve issuance of preferred shares to APS in exchange for the equity stake. Seon Won, the President of SWCI stated that "In keeping with SWCI's pledge of non-dilution and no convertible share issuances, the preferred shares shall NOT be convertible into common shares of SWCI and will in no way affect the current authorized or outstanding common share structure."
Seon Won added that "APS has been awarded a 3-year government contract which brings a steady stream of revenue guaranteed by the government." Seon Won further stated, "We are extremely excited to add APS to add value to SWCI while I continue to press forward building the beauty supply and custom, high-end hairpiece business of SWCI, while also seeking other acquisition candidates to bring under the SWCI family."
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the beauty supply and/or hairpiece industry, plans for future expansion or acquisition, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and prospective dealings and joint venture projects. Such forward-looking information involves important risks and uncertainties that could
significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of SW China.
Seon Won
seonwon@swchinaimportsinc.com
2013 Marketwire L.P. All rights reserved.
http://www.reuters.com/article/2013/04/11/idUSnMKW5923a+e0+MKW20130411
------
Ok, let's look into Absolute Protective Services, LLC:
The Webpage can be found here:
http://absoluteprotectiveservices.com/
Registrant:
Absolute Protective Services LLC
ATTN ABSOLUTEPROTECTIVESERVICES.COM
care of Network Solutions
PO Box 459
Drums, PA. US 18222
Domain Name: ABSOLUTEPROTECTIVESERVICES.COM
Administrative Contact, Technical Contact:
Absolute Protective Services LLC
ATTN ABSOLUTEPROTECTIVESERVICES.COM
care of Network Solutions
PO Box 459
Drums, PA 18222
US
570-708-8780
Record expires on 24-Jan-2014.
Record created on 24-Jan-2011.
Database last updated on 28-Mar-2013 22:05:10 EDT.
It doesn't reveal much, but why is there a lot of white space on the right side of that page? Another Whois search revealed the missing Part:
and Google Cache shows as well that the Page was shown like that until 25.March 2013 01:51:38 GMT
http://webcache.googleusercontent.com/search?q=cache:pzQ32VU5g9cJ:absoluteprotectiveservices.com
So we just found another Insider that is listed as a multi million shareholder with SWCI:
Seon Won 297,000,000 59.4%<-Sole Officer and Director
Five Percent Stockholders
Jae Hwang (1) 39,000,000 7.8% <- Co Founder and former Treasurer
Jae is a sworn police officer with over 10 years of law enforcement experience.
http://www.zoominfo.com/#!search/profile/person?personId=1810597065&targetid=profile
(Didn't I read something similar in the LOI??)
He's also listed as the Resident Agent of APS
John Ki (2) 39,010,000 7.8% <- i assume it's The_Pink_Lawyer and the buddy of Jae Hwang who also shows up for APS here:
Contact Person:
John Ki | Absolute Protective Services, LLC
15800 Crabbs Branch Way
STE 310
Rockville, MD, 20855
Phone: (301)467-2452 Fax: (240)715-9116
Email address: jki@ki-hwang.com
https://emaryland.buyspeed.com/bso/external/bidAckList.sdo?bidId=MDDGS31005921
and here:
https://emaryland.buyspeed.com/bso/external/bidAckList.sdo?bidId=MDDGS31004893
and the Contract seems to be for this Building
Specification C George M. Taylor Guard Services(12/04/2012)
http://www.dgs.maryland.gov/Facilities/Anne_Arundel/Managed/7500_Ritchie_Hwy.html
Ben Bailey 39,000,000 7.8% <- I assume it's $StockProfessor
My assumption here is Based on the old Disclaimer from 10Baggas: "The_Pink Lawer/John and $tock_Professor/Ben"
http://webcache.googleusercontent.com/search?q=cache:F5ek5zuNia4J:www.10baggasfactory.com/disclaimer.html
M Stocks, LLC (3) 39,000,000 7.8% <- I assume it's Psionic Matrix aka Psionic Trader
Jimmy Ahn 15,000,000 <-listed formerly as Contact for APS
Not known yet:
Jason D. Brenner 4,930,000
Osmar E. Chanquin 1,000,000
So WHY did they remove all the Bio's, Contact Info's and other Names from the Webpages and Disclaimers when this will be a legit Business in the Making, as the paid Promoters are trying to make everybody believe?
Absolutely anything and everything said/posted by The_Pink_Lawyer, $tock_Professor, Effects-10, LLC, 10-Baggas Factory and any individuals, members, affiliates or related persons thereof, however expressed, is solely for the purpose of raising awareness or for entertainment purposes only
http://webcache.googleusercontent.com/search?q=cache:F5ek5zuNia4J:www.10baggasfactory.com/disclaimer.html
Agreed!They do the exact same thing,
but differnet.
Since you are comparing now already the APS or TBX Plays to this Promotion. APS announces and likely a selected amount of shares will hit the Market (more or less selected)
Lets speculate that this was the initial Plan here as well... for whatever Reason it did not happen on Day#1
Now it's down to 2-3 cts and VFIN was selling some papers today.
Means you've some papers in the available Float that can be freely traded. At one point he will stop it (as he did intermittently today already) so the Stock can breeze for some time, maybe even allows some real trading. The Trading Channel he allowed today was very tight. This might change the next Days, but he has a defined amount of shares imo that will be sold.
Look in the Filings and Taurus alone has already 9.5M shares than can be dumped.
and according to the 10Baggas PR the Float is ~40M
http://www.prlog.org/12113117-sw-china-swci-share-structure-update-pledge-no-dilution-no-increase-of-shares-no-reverse-split.html
The effective free-trading "float" is approximately 40 million shares (those shares that have been registered with the SEC and have been deposited in stock brokerage accounts into "street" name for DTC trading purposes).
The TA doesn't answer Questions regarding the SS and will tell you to contact the Company read filings etc...
Disclaimer says it all:
"Compensated awareness promotions of the very sort that www.pennystockmomentum.com are engaged by this third party, J. Kim, are for the purpose of and by the hiring party to sell stock in the promoted company, SWCI, and may have a very significant and negative impact on the share price of the securities and that the third party intends to sell shares before, during, or any time after, the awareness program is underway and that any investor or potential investor should be fully aware and cognizant, that this third-party intends to sell said shares while simultaneously SWCI is being promoted for awareness by www.pennystockmomentum.com and/or any other companies and/or any other individuals."
http://www.pennystockmomentum.com/
Or this one:
Disclaimer regarding Internet message boards:
All material posted by 10 Baggas Factory and The_Pink Lawer/John and $tock_Professor/Ben is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. By reading this or any post by this poster, you are accepting the sole responsibility for your own investment decisions. By reading messages on the internet by "The _Pink_Lawyer" and "$tock_Professor", you acknowledge that the information here unto contained within the message is provided solely for general opinionated discussion and informational purposes only and therefore should not be considered to be complete, precise, accurate, or current investment advice. Beware that Internet posters, not only on the original message board where this disclaimer was discovered, but other message boards not limited to the originating website may be increasing or decreasing their share positions in a security regardless of what they are posting and/or may be compensated in some way from a company or 3rd party investor in the company mentioned in the post. The non affiliated third parties who compensate may or may not have have shares and may liquidate which could effect the stock price. Assume that any security mentioned is owned by "The _Pink_Lawyer" and "Stock_Professor" and that "The _Pink_Lawyer" and "Stock_Professor may be buying or selling or adding or subtracting from a position they may have regardless of anything said, inferred, construed, or believed before or after starting a company profile. Always do your own due diligence prior to making an investment decision. Never borrow money to buy penny stocks, and always remember that all penny stocks are highly risky. Also be aware that information provided concerning certain securities contains forward looking statements that involve risks and uncertainties. AS IN ANY INVESTMENT, NEVER INVEST IN A PENNY STOCK UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. No statement within Internet messages or made by this poster "The _Pink_Lawyer" and "$tock_Professor" past, present, or future should be construed as a recommendation to buy or sell a security or to provide investment advice. Past performance is not indicative of future results. Trading securities and options involves extreme risk and professional guidance. The_Pink_Lawyer and $tock_Professor does not give specific trading advice nor claim that a thorough analysis of each security mentioned has been conducted. "The_Pink_Lawyer" and "$tock_Professor" and all affiliated members are not Financial Analysts, Investment Brokers, Financial Advisers, or any sort of professional that would be deemed as an individual someone would rely upon for investment advice. You should discuss the asset allocation and risk tolerance level which is appropriate for your personal financial situation with a professional financial planner/adviser. "The_Pink_Lawyer" and "$tock_Professor" and all affiliated members encourages viewers of messages to invest carefully and read the investor information available at the web site of the SEC at: http://www.sec.gov prior to investing in anything. You should also not make any trades or decisions based upon anything said or written with regard to investments without consulting a professional financial planner/adviser. Always assume at all times that internet message board posters may have a position in any of the securities they mention and could be buying or selling at any time. Any opinions expressed are subject to change without notice.
Absolutely anything and everything said/posted by The_Pink_Lawyer, $tock_Professor, Effects-10, LLC, 10-Baggas Factory and any individuals, members, affiliates or related persons thereof, however expressed, is solely for the purpose of raising awareness or for entertainment purposes only and ABSOLUTELY UNDER ANY and ALL CIRCUMSTANCES SHOULD NOT - REPEAT NOT - BE RELIED UPON IN ANY MANNER WHATSOEVER TO BASE INVESTMENT/TRADING DECISIONS. The sole purpose of anything and everything said/posted by The_Pink_Lawyer, $tock_Professor, Effects-10, LLC, 10-Baggas Factory and any individuals, members, affiliates or related persons, however expressed, concerning any publicly traded stock(s) and/or any facet of any publicly traded stock(s) is to bring the subject stock(s) to the awareness of the general public, i.e., awareness of the existence of the subject stock(s) from which individuals of the general public may conduct their own due diligence and investigation upon becoming so aware. Said general public should conduct their own due diligence and base any and all investment/trading decisions whether to take action or not to take any action based upon facts, knowledge and information gleaned from first-hand investigation and not in reliance from anything said/posted by The_Pink_Lawyer, $tock_Professor, Efects-10, LLC, 10-Baggas Factory and any individuals, members, affiliates or related persons thereof. Any investment/trading decisions, including but not limited to, whether to buy/sell or not to buy/sell, or the timing and price points associated therewith, should SOLELY be based upon the facts, opinions, interests, knowledge and circumstances of each individual of the general public as they relate to him/her individually WITHOUT RELIANCE AT ALL on any posted/said by The_Pink_Lawyer, $tock_Professor, Effects-10, LLC, 10-Baggas Factory and any individuals, members, affiliates or related persons thereof. Absolutely anything and everything said/posted by The_Pink_Lawyer, $tock Professor, Effects-10, LLC, 10-Baggas Factory and any individuals, members, affiliates or related persons thereof, however expressed, is meant for awareness only and otherwise is intended and should be received with a "grain of salt" and NOT for any educational or reliable information purposes or any purpose whatsoever upon which to base investment/trading decisions Make your own investment/trading decisions based 100% upon your own best interests and circumstances completely irrespective of what ANYONE, including but not limited to The_Pink_Lawyer or 10-Baggas Factory may say/post on any Internet message board, website or social media. We are primarily, but not exclusively, momentum "momo" traders and technical analysis "t/a/" traders. This type of trading is highly speculative and short-term, usually holding any security for a few minutes to a few weeks, at most. The risk of loss is substantial and reliance of anything said/posted by The_Pink_Lawyer, $tock_Professor, Effects-10, LLC, 10-Baggas FActory and any individuals, members, affiliates or related persons thereof, however expressed, particularly unworthy of reliance to make investment or trading decisions.
http://webcache.googleusercontent.com/search?q=cache:F5ek5zuNia4J:www.10baggasfactory.com/disclaimer.html
Just take once the time and read it!
This allows them to basically say or state whatever they want, They are legally covered by these Terms.
VFIN back at the ask...
New Bagholders soon.
Remember the Company didn't sold the shares they only VALUED them at certain Levels, per the filings!
That means all those shares are for FREE every penny or a fraction of it is Money in their pockets!
Whoever the Seller is
Every Buy is also a Sell and visa versa...
Do you receive compensation for these Posts on the SWCI Board?
If so, why don't you list it?
You mean Fake Bid at 3 is gone...
10Baggas caught in another Lie
SWCI ended yesterday red after our big day on tuesday, but we are putting out a news watch here! The company released two pr's last week introducing the business and share structure details.
as you can see here:
http://www.icontact-archive.com/Tw8sBwLUbjRrFaJJJMNWqZWMvdLLJ9TH?w=3
Now lets check the so called Company PR's:
nothing shows up on any News Service like PRNEWSWIRE, REUTERS or anything that will be caught by any Brokerage Company.
The ONLY "PR'S" that show up are published by Effects-10 d/b/a 10Baggas via PRLOG and there was only ONE last week (so that's a LIE):
http://pressroom.prlog.org/effects10/
Now the Question again, why do they claim that these are Company PR's? They sent them NOT the Company? (or are they the Company or a hired PR Service for them?)
The first and ONLY Company PR showed up today via the tyoical News Channels:
http://www.reuters.com/article/2013/04/11/idUSnMKW5923a+e0+MKW20130411
signed by the CEO and in the Name of the Company.
Maybe you wanna ask WHO can sell shares?
And you may wanna add HOW many?
Per Effects-10's d/b/a 10Baggas PR from 08.April 2013:
The effective free-trading "float" is approximately 40 million shares (those shares that have been registered with the SEC and have been deposited in stock brokerage accounts into "street" name for DTC trading purposes).
http://www.prlog.org/12113117-sw-china-swci-share-structure-update-pledge-no-dilution-no-increase-of-shares-no-reverse-split.html
and NOT what they try to make you believe in the Updated Version:
Another approximately 156,422,500 (~156 million) shares have been issued by the Company as reported in an 8k filing with the SEC on or about November 27, 2012. All of these shares are restricted except that 9,500,000 (9.5 million) shares issued to Taurus Financial Partners, LLC have been registered by Taurus Financial Partners, LLC pursuant to an S1 Filing. All of the remaining approximately 146,922,500 (~147 million) shares issued in the 8k filing are RESTRICTED SHARES and have NOT been registered for sale with the SEC, and do not qualify for any known exemption to registration, and, therefore, these restricted shares cannot and will not be sold.
The 9.5 million Shares above are just what Mr.Sistra of Taurus Financial Partners, LLC can dump, but DO NOT include any other registered shares.
The ask was at .0385 at that time!
so it was a Crosstrade imo
APS is owned by the former treasurer and secretary of SWCI and hosts their Office:
This office space is being provided to us by our former treasurer and secretary, Jae Hwang, free of charge. Mr. Hwang remains a shareholder in SW China Imports and, as of February 6, 2013, owned 39,000,000 shares, or 7.8% of the issued and outstanding shares. If Mr. Hwang decides to no longer allow us access to this office space in the future it would force us to seek outside office space elsewhere, potentially at a very high cost.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9070864
hehe yeah !! great catch!!
So they signed a LOI with APS (Absolute Protective Services, LLC)
http://absoluteprotectiveservices.com/
Registrant:
Absolute Protective Services LLC
ATTN ABSOLUTEPROTECTIVESERVICES.COM
care of Network Solutions
PO Box 459
Drums, PA. US 18222
Domain Name: ABSOLUTEPROTECTIVESERVICES.COM
------------------------------------------------------------------------
Promote your business to millions of viewers for only $1 a month
Learn how you can get an Enhanced Business Listing here for your domain name.
Learn more at http://www.NetworkSolutions.com/
------------------------------------------------------------------------
Administrative Contact, Technical Contact:
Absolute Protective Services LLC mm2ws99p85m@networksolutionsprivateregistration.com
ATTN ABSOLUTEPROTECTIVESERVICES.COM
care of Network Solutions
PO Box 459
Drums, PA 18222
US
570-708-8780
Record expires on 24-Jan-2014.
Record created on 24-Jan-2011.
Database last updated on 11-Apr-2013 09:13:17 EDT.
and the Webpage got updated today...
But lets look a little closer:
"Under the terms of the LOI, SWCI will purchase an equity stake of 20% to 50% of APS and will close the deal within 30-buisiness days upon successful completion of due diligence. APS is a small business founded by a sworn and licensed police officer working within the State of Maryland to provide private security services to federal, state, and local governments. APS has been awarded a state government contract to provide unarmed guard services protecting a government building for a 3-year term and has aggressive growth plans to obtain more governments contracts in the future."
Hmmm i think i read something about a swarn police officer already earlier today:
Jae Sung Hwang
Jae is a sworn police officer with over 10 years of law enforcement experience. While working as a police officer, Jae accepted a scholarship and attended the University of Baltimore School of Law where he served as a Litigation Fellow with the Stephen L. Snyder Center for Litigation Skills and a Rule 16 Attorney in the Clinical Law Program - Immigrant Rights Clinic representing clients in Immigration matters and Wage and Hour litigation. Since graduating from law school, Jae worked for the Honorable Eric M. Johnson of the Circuit Court for Montgomery County, Maryland.
Jae is the managing partner of Ki & Hwang, LLC.*
Jae is fluent in spoken and written English, Spanish and Korean. As an experienced and highly respected veteran police officer, Jae is a certified Field Training Supervisor who trains new police recruits in proper law enforcement techniques. Possessing a "black belt" in Tae Kwon Do and Hap Ki Do martial-arts and a loyal member of the Fraternal Order of Police, Lodge 35.
Jae has focused his practice in the areas relating to Employment and Labor Law, primarily representing plaintiffs in Wage and Hour litigation. He also serves as an advisor and attorney to many small businesses in Maryland and the District of Columbia.
Jae learned the value of hard work the old-fashioned "immigrant" way. Jae came to the United States with his parents and worked since he was 14 years old while always attending school full-time. Ambitious and driven, Jae earned his B.A. from the University of Maryland at College Park and, while, still in school, became a sworn police officer at the age of 21 and has risen through the ranks to the position of Police Sergeant.
Outside the office, Jae has been actively involved with the National Security Law community. He was selected to attend the University of Virginia School of Law's 20th National Security Law Institute. Jae and his wife, a physician working at the Permanente Medical Group, reside in Montgomery County, Maryland with their daughter.
*Jae has received specific written approval by the Montgomery County Ethics Commission to engage in the private practice of law except that he may not take cases adverse to Montgomery County or criminal cases in Montgomery County.
Copyright © 2012 Ki | & | Hwang | LLC All rights reserved.
Is this just another co-incidence?
Don't forget it's just a LOI not more!!
How much is a Business contract to provide unarmed guard services protecting a government building??
Does it makes this Shell 60M worth?? I doubt it
Yes you can see it here:
http://psionicmatrix.com/disclosure.htm
at the bottom of the Page
SPECIFIC DISCLAIMER AND DISCLOSURE OF COMPENSATED AWARENESS OF SW CHINA IMPORTS, INC., TRADING UNDER THE SYMBOL "SWCI." THIS SPECIFIC DISCLAIMER AND DISCLOSURE IS INTENDED TO BE, AND MUST BE READ AND UNDERSTOOD IN ADDITION TO AND IN CONJUNCTION WITH, THE GENERAL DISCLAIMER AND DISCLOSURE AS SET FORTH ABOVE (NOT IN LIEU THEREOF).
www.psionicmatrix.com expects to be compensated up $50,000.00 in cash for a 30-day awareness program for SWCI by a third-party, www.pennystockmomentum.com. The principal of www.psionicmatrix.com owns or beneficially owns approximately 39,000,000 RESTRICTED shares of SWCI and does NOT plan or intend to sell any of said shares until at least the next 12-consecutive months and a proper S1 Registration Statement has been filed and declared "effective" by the SEC lawfully denoting that said shares may be sold. Please read and understand the full disclaimer/disclosure of www.pennystockmomentum.com at www.pennystockmomentum.com/disclaimer, which is incorporated and referenced herein. Compensated awareness programs of the very sort that www.psionicmatrix.com are engaged for SWCI are for the purpose of and by the hiring party or other party(ies) to sell stock in the promoted company, SWCI, and may have a very significant and negative impact on the share price of the securities. SWCI is currently in the development stage and has nominal operations and minimal assets, which makes SW China Imports, Inc. a "shell company" as defined in Rule 12b-2 of the Exchange Act, as amended. SW China Imports, Inc. securities are not listed on any national securities exchange but the common stock is presently quoted for trading on the OTC Bulletin Board ("OTCQB") under the trading symbol "SWCI" and is listed as "OTCQB" by www.OTCmarkets.com. Investing in the common stock of SWCI is highly speculative and involves a high degree of risk. You should purchase these securities, if at all, only if you can afford a complete loss of your investment. You should carefully consider the risks and uncertainties described in SWCI's regulatory and SEC filings, which may be found on the government¡¯s website at www.sec.gov or other reliable sources. It is critically important for the public, investor or potential investor to take responsibility for your own trading and investing decisions, based upon your own due diligence and those of your registered financial advisor retained specifically to analyze your specific financial, investment, and trading objectives and circumstances, and NOT to rely on the statements or representations of anyone else, including www.psionicmatrix.com, www.pennystockmomentum.com and/or any other companies or individuals involved with promoting awareness of SWCI, who are not registered or qualified advisors of your specific circumstances.
Per 10Baggas PR: 40M Float
The effective free-trading "float" is approximately 40 million shares (those shares that have been registered with the SEC and have been deposited in stock brokerage accounts into "street" name for DTC trading purposes).
If you believe the PR...
http://www.prlog.org/12113117-sw-china-swci-share-structure-update-pledge-no-dilution-no-increase-of-shares-no-reverse-split.html
No twisting, just a Fact as PR'd by Effects-10 d/b/a 10Baggas
SWCI continued DD on related Parties
So the Attorneys that were helping to take this shell public are Jae Sung Hwang and John Ki.
http://ki-hwang.com/
Domain name: ki-hwang.com
Registrant Contact:
Ki & Hwang
Jae Hwang ()
Fax:
15800 Crabbs Branch Way Suite 310
Rockville, Maryland 20855
US
Administrative Contact:
Ki & Hwang
Jae Hwang (jsh2151@hotmail.com)
+1.2403534817
Fax:
15800 Crabbs Branch Way Suite 310
Rockville, Maryland 20855
US
Their Webpage appears to be empty now, but there are some cashed information's about them.
StatMyWeb shows that the 3 most active Sites were:
1. http://ki-hwang.com/
2. http://ki-hwang.com/?page_id=57
3. http://ki-hwang.com/?page_id=53
http://www.statmyweb.com/site/ki-hwang.com
ZoomInfo reveals that besides the Main Page the other listed Pages were the Bio for the two Attorneys as the "cashed" link shows
Web References
Jae Hwang, Esq.
ki-hwang.com [cached]
Jae Hwang, Esq.
Jae is a sworn police officer with over 10 years of law enforcement experience. While working as a police officer, Jae accepted a scholarship and attended the University of Baltimore School of Law where he served as a Litigation Fellow with the Stephen L. Snyder Center for Litigation Skills and a Rule 16 Attorney in the Clinical Law Program - Immigrant Rights Clinic representing clients in Immigration matters and Wage and Hour litigation. Since graduating from law school, Jae worked for the Honorable Eric M. Johnson of the Circuit Court for Montgomery County, Maryland.
Jae is the managing partner of Ki & Hwang, LLC.*
Jae is fluent in spoken and written English, Spanish and Korean. As an experienced and highly respected veteran police officer, Jae is a certified Field Training Supervisor who trains new police recruits in proper law enforcement techniques. Possessing a "black belt" in Tae Kwon Do and Hap Ki Do martial-arts and a loyal member of the Fraternal Order of Police, Lodge 35.
Jae has focused his practice in the areas relating to Employment and Labor Law, primarily representing plaintiffs in Wage and Hour litigation. He also serves as an advisor and attorney to many small businesses in Maryland and the District of Columbia.
Jae learned the value of hard work the old-fashioned "immigrant" way. Jae came to the United States with his parents and worked since he was 14 years old while always attending school full-time. Ambitious and driven, Jae earned his B.A. from the University of Maryland at College Park and, while, still in school, became a sworn police officer at the age of 21 and has risen through the ranks to the position of Police Sergeant.
Outside the office, Jae has been actively involved with the National Security Law community. He was selected to attend the University of Virginia School of Law's 20th National Security Law Institute. Jae and his wife, a physician working at the Permanente Medical Group, reside in Montgomery County, Maryland with their daughter.
*Jae has received specific written approval by the Montgomery County Ethics Commission to engage in the private practice of law except that he may not take cases adverse to Montgomery County or criminal cases in Montgomery County.
Copyright © 2012 Ki | & | Hwang | LLC All rights reserved.
John Ki, Esq.
ki-hwang.com [cached]
Jae Hwang and John Ki are duly licensed attorneys in the State of Maryland and District of Columbia. John Ki serves as an "advisor" to Jae Hwang and is not actively engaged in the practice of law for compensation.
...
Copyright © 2012 Ki | & | Hwang | LLC All rights reserved.
http://www.zoominfo.com/#!search/profile/person?personId=1810597065&targetid=profile
Mr Hwang is also the former treasurer and secretary of SWCI and hosts their Office:
This office space is being provided to us by our former treasurer and secretary, Jae Hwang, free of charge. Mr. Hwang remains a shareholder in SW China Imports and, as of February 6, 2013, owned 39,000,000 shares, or 7.8% of the issued and outstanding shares. If Mr. Hwang decides to no longer allow us access to this office space in the future it would force us to seek outside office space elsewhere, potentially at a very high cost.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9070864
Seon Won ,
Sole Officer and Director 297,000,000 59.4%
Five Percent Stockholders
Jae Hwang (1) 39,000,000 7.8%
John Ki (2) 39,010,000 7.8%
Ben Bailey 39,000,000 7.8%
M Stocks, LLC (3) 39,000,000 7.8%
(1) Jae Hwang co-founded SW China Imports and served as our Treasurer, Secretary, and a Director from February 2011 (inception) through his resignation from all positions on November 13, 2012 at which time Seon Won assumed the additional officer responsibilities of Treasurer and Secretary and as of February 6, 2013 is currently our sole officer and director.
(2) John Ki provides us with legal services.
(3)Joon Yoon has voting and dispositive power of the securities held by M Stocks, LLC.
We know that the paying 3rd Party is named as J.Kim here:
http://www.pennystockmomentum.com/
$400,000.00 in cash for a 12-month awareness program for SWCI by a third party, J. Kim.
So the Questions left are:
Who is Joon Yoon and (Joon will likely be translated into John)
and why did M Stocks LLC reveive 39M shares?
Why have the Bio's of the Attorneys been removed from their Webpage?
Is John Ki and J.Kim one and the same Person (typo)
Who are the other people that received shares in November 2012 and for what reason?
Jimmy Ahn 15,000,000
Jason D. Brenner 4,930,000
Osmar E. Chanquin 1,000,000
The old page you can still find here:
http://www.pennystocks.com/lp/
Just called the TA
to ask for the amount of non-restricted shares
Answer: We do not provide share structure information for any of our clients. Please refer to public sources for latest company filings such as Edgar filings, the SEC website, the Issuer's website or contact the Company directly.
Then she was referring to some Policy changes in 2010 or so...
So, if you pick the right TA you don't have to gag him anymore, since there is already a policy in place.
GL
SWCI Promoter 10Baggas,
since theydon't want to post on the board, but you appear to be their voice here, maybe you can comment why they changed their Disclaimer on the Webpage and removed this Part:
Disclaimer regarding Internet message boards:
All material posted by 10 Baggas Factory and The_Pink Lawer/John and $tock_Professor/Ben is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities.
http://webcache.googleusercontent.com/search?q=cache:F5ek5zuNia4J:www.10baggasfactory.com/disclaimer.html
now it's gone:
http://www.10baggasfactory.com/disclaimer.html
Is this the Reason?
Ben Bailey 39,000,000
John Ki 39,000,000
M Stocks, LLC 37,992,500
Taurus Financial Partners, LLC 19,500,000 (37,992,500 total)
Jimmy Ahn 15,000,000
Jason D. Brenner 4,930,000
Osmar E. Chanquin 1,000,000
and is John Ki = J.Kim the paying third Party here:
http://www.pennystockmomentum.com/
www.pennystockmomentum.com expects to be compensated up to $400,000.00 in cash for a 12-month awareness program for SWCI by a third party, J. Kim.
SWCI and the Promoters
somethings smells fishy here...
10Baggas, Psionic Matrix and http://www.pennystockmomentum.com/
have released SWCI as their Pick.
PSM shows 400k for 12 month coverage:
www.pennystockmomentum.com expects to be compensated up to $400,000.00 in cash for a 12-month awareness program for SWCI by a third party, J. Kim. The principle ofwww.pennystockmomentum.com owns approximately 39,000,000 RESTRICTED shares of SWCI and does NOT plan or intend to sell any of said shares until at least the next 12-consecutive months and a proper S1 Registration Statement has been filed and declared “effective” by the SEC lawfully denoting that said shares may be sold.www.pennystockmomentum.com does intend to hire other companies and/or individuals to assist in the awareness promotion campaign on behalf of SWCI over the course of the 12-months.
http://www.pennystockmomentum.com/
Psionic Matrix shows 50k comp
www.psionicmatrix.com expects to be compensated up $50,000.00 in cash for a 30-day awareness program for SWCI by a third-party, www.pennystockmomentum.com. The principal of www.psionicmatrix.com owns or beneficially owns approximately 39,000,000 RESTRICTED shares of SWCI and does NOT plan or intend to sell any of said shares until at least the next 12-consecutive months and a proper S1 Registration Statement has been filed and declared "effective" by the SEC lawfully denoting that said shares may be sold.
http://www.psionicmatrix.com/disclosure.htm
10Baggas shows a comp of 50k for one month of coverage
Effects-10, LLC, d/b/a/ 10-Baggas Factory and www.10baggasfactory.com expects to be compensated up $50,000.00 in cash for a 30-day awareness program for SWCI by a third-party, www.pennystockmomentum.com. The principals of Effects-10, LLC each own approximately 39,000,000 RESTRICTED shares of SWCI and do NOT plan or intend to sell any of their said shares until at least the next 12-consecutive months and a proper S1 Registration Statement has been filed and declared “effective” by the SEC lawfully denoting that said shares may be sold.
http://www.10baggasfactory.com/disclaimer.html
BUT 10Baggas also changed their Disclaimer!
It seems as they are now hiding this Part:
Disclaimer regarding Internet message boards:
All material posted by 10 Baggas Factory and The_Pink Lawer/John and $tock_Professor/Ben is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities.
http://webcache.googleusercontent.com/search?q=cache:F5ek5zuNia4J:www.10baggasfactory.com/disclaimer.html
Now, lets take an additional look at the SWCI Shares that were issued for "Services":
Ben Bailey 39,000,000
John Ki 39,000,000
M Stocks, LLC 37,992,500
Taurus Financial Partners, LLC 19,500,000 (37,992,500 total)
Jimmy Ahn 15,000,000
Jason D. Brenner 4,930,000
Osmar E. Chanquin 1,000,000
Now lets look at the PSM Disclaimer again:
$400,000.00 in cash for a 12-month awareness program for SWCI by a third party, J. Kim
Is it possible that John Ki and J.Kim is one and the same person?
In addition to the above Effects-10,LLC d/b/a 10Baggas seems to act as SWCI's PR Company since THEY are the ONLY ones that have sent out PR's regarding SWCI as can be found here:
http://pressroom.prlog.org/effects10/
Do you think the Fundamentals will change in a week?
Big Contracts, or at least a working Webpage since the given one, that should have been set up by Arctic Eye, LLC (Nina Edstrom also and related to some other Taurus Companies), is still under Construction?
If so, yeah give it a week or two...
One of the listed Holders of 39M shares
lol, of course with NO intent to sell a single share...
Ben Bailey 39,000,000
John Ki 39,000,000
M Stocks, LLC 37,992,500
Taurus Financial Partners, LLC 19,500,000 (37,992,500 total)
Jimmy Ahn 15,000,000
Jason D. Brenner 4,930,000
Osmar E. Chanquin 1,000,000
Per the First PR as send by Effects-10 d/b/a 10 Baggas the public "float" is 40M shares
http://www.prlog.org/12113117-sw-china-swci-share-structure-update-pledge-no-dilution-no-increase-of-shares-no-reverse-split.html
The effective free-trading "float" is approximately 40 million shares (those shares that have been registered with the SEC and have been deposited in stock brokerage accounts into "street" name for DTC trading purposes).
Effects-10, LLC d/b/a 10 Baggas seems to act as well as the PR Company for SWCI:
http://pressroom.prlog.org/effects10/
Wonder why they aren't listed as such...
Nothing, as you can see in the 10K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9070864
As of February 6, 2013 we have not begun importing any lace wigs, hairpieces, or beauty supplies. Further, we do not have any formal agreements in place with any beauty supply stores, hair salons, or independent hair stylists; our discussions with potential distributors have been limited solely to exploratory talks until we can demonstrate our ability to procure and deliver our products in a timely manner and in sufficient quantities.
Besides that, Insiders are selling their shares into the public which they received at a fraction of the current price .01 - .02 (Taurus and M Socks, LLC per example), can be found also in the 10K!
Per this "PR" as submitted by Effects-10,LLC d/b/a 10 Baggas: the current Float is ~40M shares
http://www.prlog.org/12113117-sw-china-swci-share-structure-update-pledge-no-dilution-no-increase-of-shares-no-reverse-split.html
The effective free-trading "float" is approximately 40 million shares (those shares that have been registered with the SEC and have been deposited in stock brokerage accounts into "street" name for DTC trading purposes).
GL
SWCI is now a "$400k" Pump&Dump Shell
going by the Promoters...
Check it here: http://www.pennystockmomentum.com/
Disclaimer:
www.pennystockmomentum.com expects to be compensated up to $400,000.00 in cash for a 12-month awareness program for SWCI by a third party, J. Kim. The principle ofwww.pennystockmomentum.com owns approximately 39,000,000 RESTRICTED shares of SWCI and does NOT plan or intend to sell any of said shares until at least the next 12-consecutive months and a proper S1 Registration Statement has been filed and declared “effective” by the SEC lawfully denoting that said shares may be sold.www.pennystockmomentum.com does intend to hire other companies and/or individuals to assist in the awareness promotion campaign on behalf of SWCI over the course of the 12-months.
They were formerly involved with GRZG i think ($1.20 - $1.75 range)
10Baggas aka Effects-10,LLC. announced it yesterday as their official 1 month Pick
From Their Disclaimer:
Effects-10, LLC, d/b/a/ 10-Baggas Factory and www.10baggasfactory.com expects to be compensated up $50,000.00 in cash for a 30-day awareness program for SWCI by a third-party, www.pennystockmomentum.com. The principals of Effects-10, LLC each own approximately 39,000,000 RESTRICTED shares of SWCI and do NOT plan or intend to sell any of their said shares until at least the next 12-consecutive months and a proper S1 Registration Statement has been filed and declared “effective” by the SEC lawfully denoting that said shares may be sold.
Please read and understand the full disclaimer/disclosure of www.pennystockmomentum.com at www.pennystockmomentum.com/disclaimer, which is incorporated and referenced herein.
Compensated awareness programs of the very sort that Effects-10, LLC are engaged for SWCI are for the purpose of and by the hiring party or other party(ies) to sell stock in the promoted company, SWCI, and may have a very significant and negative impact on the share price of the securities.
Effects-10 seems to act as well as the PR Company:
http://pressroom.prlog.org/effects10/
No PR's for this Shell can be found anywhere else, they are getting distributed ONLY via this PRLOG Service, but not through the regular PR channels.
Interesting is that they released a 2 PR's on 8th Apr:
No#1: http://www.prlog.org/12113117-sw-china-swci-share-structure-update-pledge-no-dilution-no-increase-of-shares-no-reverse-split.html
The effective free-trading "float" is approximately 40 million shares (those shares that have been registered with the SEC and have been deposited in stock brokerage accounts into "street" name for DTC trading purposes).
An hour later they released another one:
http://www.prlog.org/12114087-sw-china-imports-swci-share-structure-update-no-dilution-and-no-reverse-split.html
Not longer showing the "float"
About SWCI:
Incorporated in NV
Stockholders’ deficit was ($59,044,272) as of December 31, 2012
As of December 31, 2012, we had $600 in cash and no other assets.
On November 27, 2012, we issued an aggregate of 156,422,500 shares of common stock to the following outside consultants:
Ben Bailey 39,000,000
John Ki 39,000,000
M Stocks, LLC 37,992,500
Taurus Financial Partners, LLC 19,500,000 (37,992,500 total)
Jimmy Ahn 15,000,000
Jason D. Brenner 4,930,000
Osmar E. Chanquin 1,000,000
It is important to note that we are a development stage business with minimal business activity. As of February 6, 2013 we have NOT begun importing any lace wigs, hairpieces, or beauty supplies. Further, we do NOT have any formal agreements in place with any beauty supply stores, hair salons, or independent hair stylists; our discussions with potential distributors have been limited solely to exploratory talks until we can demonstrate our ability to procure and deliver our products in a timely manner and in sufficient quantities.
Quite interesting is that the CEO of this so called CO still shows an Email Addy at Taurus in the Webpage Registration...
Registrant:
Seon Won
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
Domain name: SWCHINAIMPORTS.COM
Administrative Contact:
Won, Seon info@taurusfp.com
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
+1.2404811083
and look what comes up if you do a whois check...
http://dawhois.com/siteinfo/?query=swchinaimports.com
Taurus Financial Partners, LLC
Description: Taurus Financial Partners, LLC, provides specialized corporate capitalization and business development services to small and mid-cap companies.
Keywords: fortune, corporate capitalization, business development, going public, going public transaction, going public transactions, private equity, private equity investment, private equity investments, financial reward, financial rewards, growth, expansion
Tags: swchinaimports, financial, com, debbieteaguephotography, disclaimer, partners, taurus, llc, business, private, equity, going, public, corporate, capitalization, development, services, transactions, mid, cap, small, rewards, investments, growth, fortune, expansion, looking, specialized, companies, provides,
There are also a lot of interconnections between all the other Taurus Shells like CHGH and BUWR:
per Example: Nina Edstrom (Arctic Eye, LLC)
http://yahoo.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=4886790&PersonName=NINA%20EDSTROM
Insider Enrichment Schema at it's Best!! jmho
You are calling a PR DD??
on top of it, a PR that wasn't routed through any of the usual News Services. lmfao
Just calling it like I see it...
an obvious Setup to enrich the Insiders.
Not very rare in Pinkyland!
"Float" is ~40M shares
The effective free-trading "float" is approximately 40 million shares (those shares that have been registered with the SEC and have been deposited in stock brokerage accounts into "street" name for DTC trading purposes).
If you believe the PR...
http://www.prlog.org/12113117-sw-china-swci-share-structure-update-pledge-no-dilution-no-increase-of-shares-no-reverse-split.html
What makes me wonder here, is that only the "Pumpers" here were aware of the PR. It doesn't show up on OTCMarkets, nor within any Trading Platform... hmmmm
But the Insiders here will!
That's the ONLY way to sell there shares since 500M O/S = A/S
Every single share of this Shell is held by INSIDERS!
500M shares A/S = O/S
No Operations
600 Dollars in cash, NO other ASSETS = $75MCap?
Insider Enrichment Scam at it's Best
$75,000,000 MCap?? Based on WHAT?
Stockholders’ deficit was ($59,044,272) as of December 31, 2012
As of December 31, 2012, we had $600 in cash and no other assets.
On November 27, 2012, we issued an aggregate of 156,422,500 shares of common stock to the following outside consultants:
Ben Bailey 39,000,000
John Ki 39,000,000
M Stocks, LLC 37,992,500
Taurus Financial Partners, LLC 19,500,000 (37,992,500 total)
Jimmy Ahn 15,000,000
Jason D. Brenner 4,930,000
Osmar E. Chanquin 1,000,000
It is important to note that we are a development stage business with minimal business activity. As of February 6, 2013 we have NOT begun importing any lace wigs, hairpieces, or beauty supplies. Further, we do NOT have any formal agreements in place with any beauty supply stores, hair salons, or independent hair stylists; our discussions with potential distributors have been limited solely to exploratory talks until we can demonstrate our ability to procure and deliver our products in a timely manner and in sufficient quantities.
Quite interesting is that the CEO of this so called CO still shows an Email Addy at Taurus in the Webpage Registration...
Registrant:
Seon Won
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
Domain name: SWCHINAIMPORTS.COM
Administrative Contact:
Won, Seon info@taurusfp.com
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
+1.2404811083
and look what comes up if you do a whois check...
http://dawhois.com/siteinfo/?query=swchinaimports.com
Taurus Financial Partners, LLC
Description: Taurus Financial Partners, LLC, provides specialized corporate capitalization and business development services to small and mid-cap companies.
Keywords: fortune, corporate capitalization, business development, going public, going public transaction, going public transactions, private equity, private equity investment, private equity investments, financial reward, financial rewards, growth, expansion
Tags: swchinaimports, financial, com, debbieteaguephotography, disclaimer, partners, taurus, llc, business, private, equity, going, public, corporate, capitalization, development, services, transactions, mid, cap, small, rewards, investments, growth, fortune, expansion, looking, specialized, companies, provides,
GL Players
Our stockholders’ deficit was ($59,044,272) as of December 31, 2012
As of December 31, 2012, we had $600 in cash and no other assets.
On November 27, 2012, we issued an aggregate of 156,422,500 shares of common stock to the following outside consultants:
Ben Bailey 39,000,000
John Ki 39,000,000
M Stocks, LLC 37,992,500
Taurus Financial Partners, LLC 19,500,000 (37,992,500 total)
Jimmy Ahn 15,000,000
Jason D. Brenner 4,930,000
Osmar E. Chanquin 1,000,000
It is important to note that we are a development stage business with minimal business activity. As of February 6, 2013 we have NOT begun importing any lace wigs, hairpieces, or beauty supplies. Further, we do NOT have any formal agreements in place with any beauty supply stores, hair salons, or independent hair stylists; our discussions with potential distributors have been limited solely to exploratory talks until we can demonstrate our ability to procure and deliver our products in a timely manner and in sufficient quantities.
Quite interesting is that the CEO of this so called CO still shows an Email Addy at Taurus in the Webpage Registration...
Registrant:
Seon Won
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
Domain name: SWCHINAIMPORTS.COM
Administrative Contact:
Won, Seon info@taurusfp.com
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
+1.2404811083
and look what comes up if you do a whois check...
http://dawhois.com/siteinfo/?query=swchinaimports.com
Taurus Financial Partners, LLC
Description: Taurus Financial Partners, LLC, provides specialized corporate capitalization and business development services to small and mid-cap companies.
Keywords: fortune, corporate capitalization, business development, going public, going public transaction, going public transactions, private equity, private equity investment, private equity investments, financial reward, financial rewards, growth, expansion
Tags: swchinaimports, financial, com, debbieteaguephotography, disclaimer, partners, taurus, llc, business, private, equity, going, public, corporate, capitalization, development, services, transactions, mid, cap, small, rewards, investments, growth, fortune, expansion, looking, specialized, companies, provides,
GL Guys, see you in the Subs soon... jmho
SWCI is another J. Scott Sitra touted Company
He's the CEO and President of TAURUS FINANCIAL PARTNERS, LLC
http://www.sec.gov/Archives/edgar/data/1516332/000151633211000009/ex105.htm (taken from a BUWR filing)
Here's already a little write-up about this Guy:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86192179
SWCI some DD already on the SWCI Board:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86366253
Some Key Facts:
SWCI Security Details
Share Structure
Market Value $75,000,000 a/o Apr 05, 2013 LOL
Shares Outstanding 500,000,000 a/o Feb 06, 2013
Float Not Available
Authorized Shares 500,000,000 a/o Aug 14, 2012
Plan of Operations
We plan on importing high-end handmade lace wigs and hairpieces manufactured in China and South Korea into the United States. We intend to sell our products in bulk to beauty supply stores, hair salons, and independent hair stylists. We will also offer our products directly to the retail consumer via the Internet.
It is important to note that we are a development stage business with minimal business activity. As of February 6, 2013 we have not begun importing any lace wigs, hairpieces, or beauty supplies. Further, we do not have any formal agreements in place with any beauty supply stores, hair salons, or independent hair stylists; our discussions with potential distributors have been limited solely to exploratory talks until we can demonstrate our ability to procure and deliver our products in a timely manner and in sufficient quantities.
Total Stockholders’ Deficit . Our stockholders’ deficit was ($59,044,272) as of December 31, 2012
As of December 31, 2012, we had $600 in cash and no other assets.
On November 27, 2012, M Stock, LLC opted to convert its promissory note to us into shares of our common stock at the predetermined conversion rate of $0.02 a share. We issued M Stock, LLC 1,007,500 shares of our common stock and retired the promissory note outstanding to them in the amount of $20,150, inclusive of principal and accrued interest.
On November 27, 2012, we issued an aggregate of 156,422,500 shares of common stock to the following outside consultants:
Number of Common Shares Issued
Ben Bailey 39,000,000
John Ki 39,000,000
M Stocks, LLC 37,992,500
Taurus Financial Partners, LLC 19,500,000
Jimmy Ahn 15,000,000
Jason D. Brenner 4,930,000
Osmar E. Chanquin 1,000,000
Webpage still under construction and looks like xxxx
But interesting is the Contact Email addy for the CEO
Domain name: SWCHINAIMPORTS.COM
Administrative Contact:
Won, Seon info@taurusfp.com
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
+1.2404811083
This so called Company is obviously a Setup for one single Reason: Insider Enrichment jmho
GL to all Players
Just one Question: WHY???
How did you come up with that bid?
The Company (per the last 10k) had 600$ in cash and NO other assets.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9070864
Fiscal Year Ended December 31, 2012
Revenues . As of December 31, 2012, we have not generated any revenues and remain a development stage company.
Net Income (Loss) . We had a net loss of ($58,906,066), or ($0.40) per share, for fiscal 2012 compared to a net loss of ($138,206), or ($0.00) per share, for fiscal 2011. This represents an increase in net loss of ($58,767,860), or (42,521.9%). Our net loss, including the increase in net loss, was primarily attributable to the issuance of shares to our officers – current and former – and outside consultants. Other components of our net loss included the costs of our complying our ongoing SEC reporting requirements, applying for DTC Eligibility, and preparing a Registration Statement on Form S-1.
Operating Expenses . Our total operating expenses for fiscal 2012 was $58,902,007 compared to $136,577 for fiscal 2011. This represents an increase in operating expenses of $58,765,430, or 43,027.3%. Our increase in operating expenses was primarily attributable to the issuance of shares of our common stock to our officers – current and former – and outside consultants. Other components of our operating expenses included the costs of complying with our ongoing SEC reporting requirements, applying for DTC Eligibility, and preparing a Registration Statement on Form S-1, which have consisted primarily of legal, accounting, and outside consulting fees.
Other income (expenses) . During fiscal 2012 we recorded ($4,059) in other expenses compared to ($1,629) compared to fiscal 2011. These other expenses included ($3,909) and ($1,629), respectively, in imputed interest expenses related to a note outstanding payable to a related party. The imputed interest was recorded in our financial statements under additional paid-in capital.
Total Stockholders’ Deficit . Our stockholders’ deficit was ($59,044,272) as of December 31, 2012.
Liquidity and Capital Resources
As of December 31, 2012, we had $600 in cash and no other assets. Our total liabilities were $40,109 which consisted of accounts payable of $559 and a note payable aggregating $39,550 to one of our stockholders. This note is a demand note and does not bear interest. Further, we had no external credit facilities (i.e. bank loans, revolving lines of credit, etc.).
Tons of shares will be dumped into the Market here since most restriction of the issued common shared are off already or will be off soon.
With an O/S of 500M shares that is equal to the A/S of 500M at least you don't have to fear any dilution yet but better check NVSOS once in a while.
The Webpage is a complete Disaster imo, the mention a contact Email on it but per the WHOIS Data the CEO can be reached here:
Registrant:
Seon Won
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
Domain name: SWCHINAIMPORTS.COM
Administrative Contact:
Won, Seon info@taurusfp.com
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
+1.2404811083
http://taurusfp.navicomnetwork.com/recent-deals/
Nice List of Clients... lol
Now again, what do you think justifies a Market Cap of $60M and your bid of .10 i really like to understand how you came up with that valuation...
Thanks in advance
Actually you can select three Symbols
https://listingcenter.nasdaqomx.com/SymbolReservationRequest.aspx
I guess you'll be granted it if it's available
Wonder why they don't mention HOW they will fulfill the minimum requirements for an uplisting...
BTW every CO can apply for a NASDAQ Ticker here: https://listingcenter.nasdaqomx.com/SymbolReservationRequest.aspx
Requesting a Ticker doesn't qualify you for an uplisting
Where does it say UPLIST?
It just says that the reserved a Ticker with Nasdaq, not more not less. It'll continue to Trade on the OTCPK as the PR states.
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
LOL
So what is NEW about this approval?
It was already outlined in their Filings here: http://www.sec.gov/Archives/edgar/data/1496819/000101489713000030/dmhform8kam1v7.htm
Project Development Timeline - Complete
• December 2011 – FDA Class 2 Submission for TouchPACS
• January 2012 – FDA Class 2 Approved
and is/was also available on the FDA page
http://www.accessdata.fda.gov/cdrh_docs/pdf11/K112008.pdf
approval Date WAS 06.Jan.2013