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I can't wait until 05/15/2024. The spinning will be out of control.
There is absolutely no proof that Spooz has $2 Billion in commodities contracts.
There should be $47,500,000 in revenue from Shipping in March.
Then hopefully you will understand you invested in a scam.
IG
This is a horrible investment strategy.
"I do remember owcp!! That was before tsnp!! That was the first time I figured out what was possible and I started planning ever since to catch one!!"
If you get married to these OTC scams you will always lose money.
The only way to trade penny stocks that use message boards, social media (Twitter - Facebook), forward looking press releases, pumping 8-Ks and paid promotions is to just consider them all to be scams and just trade them do not invest in them. You'll lose 99% of the time if you believe the hype.
Play the price action and always take profits.
When you believe the hype I guarantee you will lose your investment.
IG
The weed trend was between 2012 and 2014.
That was when Medbox ran from between $0.06 - $0.10 and went to $202.00 - now those were the crazy weed days.
OWCP was a fairly a sophisticated pump and dump. But when you aren't blinded by greed it is easy to see a scam.
I had run across Friedland in the past when the FCC popped him for operating a scam fax service.
OWCP made a little run but went into a death spiral pretty quickly.
One poster I call the Traveler took donations from shareholders to go to Israel to check out the OWCP operations - he was part of the scam.
The Sharp scams are certainly not sophisticated - Sharp depends on his cult followers to line his pockets.
IG
I warned everyone that OWCP was a scam - and told everyone that Friedland was a serial scammer.
"Congrats! I remember $MMEX. So many historic runners. Remember $OWCP from trips to $1+ by chance?"
MMEX never went on a big run - it was another scam.
Do you invest in every OTC scam.
I doubt you ever make any money.
Look at the TSNP/HMBL scam - you are probably still waiting for $100.
IG
After five years and absolutely nothing - those hanging around look desperate and certainly don't have any credibility if you believe there is going to be a big payout. There isn't any avenue for anyone to be paid anything other than what has already been paid including the secured creditors.
IG
Without a CUSIP number it is impossible to buy or sell the delisted stock.
The Judge first ordered Bioamber to be sold as a going concern but no one was interested in taking on the debt.
The Judge ordered a liquidation of assets.
Why did Bioamber file for bankruptcy if it was so valuable?
Why didn't Bioamber license their IP if it was so valuable?
Also if the company assets and IP were so valuable that everyone wanted it - why couldn't they workout a for Mezzanine financing etc?
The answer is that when Bioamber filed for bankruptcy it had very little value.
IG
From Michery - "Results from a comprehensive 6-month EV market exploration study and conceptual benchmark test indicate that the Mullen FIVE is conceptually highly competitive with the Tesla Model Y and Ford Mach-E. Results will support Mullen’s U.S. Department of Energy’s ATVM Loan Application for $450M."
That didn't workout very well.
But there is more:
"In January 2024, Mullen Automotive, Inc. (MULN) requested a $50 million loan from the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) loan program to support its expansion into domestic battery manufacturing. The company also submitted a concept paper to the Department of Energy for $50 million in grant funding for its battery initiatives. The grant would support capital investment for plant equipment and tooling."
So Mullen has applied to the DOE for loans totaling $550 Million and received nothing.
IG
If you are going to throw out numbers without any facts you might as well have said $100.
"Will we hit 10$ next week? I think there is a good chance."
What is your reason for posting the pumping nonsense.
Michery issued a deluge of pumping press releases. Before the next Q is due on Wednesday 05/15/2024.
We will see the revenue then.
IG
What is so funny is that you don't understand what that means when a hijacked shell doesn't have a 15c.
Let me explain the SEC hates hijacked or custodianship shells because they are always about insider enrichment - there has never been a hijacked shell where a real company used it to go public.
With the changes to 15c2-11 in the last two years - the dormant and Zombie tickers have been effectively shutdown. Look at all of the SSM Monopoly hijacked shells - they have all failed.
And all of the Sharp shells have failed.
IG
You are living in a land of wishful thinking. Being a CEO is about putting out fires on a daily basis. Sharp folded up like a cheap suit when Calasse filed a lawsuit - and the entire operations of WNFT halted all operations.
Actually, Sharp is the fraudster when he lied in court and stated that Calasse didn't exist. You say Calasse is a fraudster - when did the SEC file a complaint against Calasse - the answer is never.
When Sharp filed a Form 10 and attempted to steal the Calasse stock - the SEC made Sharp return the stock to Calasse.
But the best was when Sharp deregistered the stock and ceased all SEC filing Obligations when he filed a Form 15.
Here is your prediction from 2022:
"BigMoneyChalupa
Thursday, 12/22/2022 10:01:26 PM
LOL what a joke!!!!
Filing four minutes late and expecting the SC to look favorably upon Calasse SMH
The only thing he and Avalon have ever been successful at is creating fear and delaying everything until the last minute. Can’t wait for this pathetic case to get dismissed. Polo has probably racked up tens of thousands in attorneys fees at this point."
How did that work out - what you don't understand is that it doesn't matter if Calasse or Sharp wins - it is an excuse not a reason for Sharp to not bring a company to the table.
Now that is brilliant discourse for 5th grader.
"DouchTrade its 2024"
And Spooz is still a scam. Park is a serial scammer that tried to pump commodities contracts at Nate's.
Was mislabeling N-95 masks as 3M masks and got smacked around in Court.
Post your proof that Spooz has over $2 Billion in commodities contracts - and reposting Park hype isn't real DD.
The funniest part is that since the beginning of January Spooz is selling chicken feet and sugar contracts and doing it with no capital.
Then Park said that Spooz was in the. Blockchain and AI business.
Now Spooz is in the energy sector after acquiring 51% of PEC which Park stated had a valuation of $24 Million - where did Park obtain $12 Million in capital to acquire PEC?
If it was a all stock transaction Park would have to issue 975,609,756 shares of Spooz and no real company would ever do that deal.
What happened to the name and ticker change - that is the easiest Corporate Action Request for FINRA to process.
Here is the problem - Park hasn't filed a 15c.
"Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making."
IG
Once again the Twitter posts by KOP aren't accurate but more pumping garbage.
"When it Rains it Pours as they say. $ENZC Barry K is with LEAI , SEC Deliquent now . SAGA is completely gone, those shares will go back to the Three C's , Cotropia C, Cotropia J. Chandra G. .
SAGALIUM (SAGA) is Delisted by Nasdaq, SEC Delisted , is NO WHERE IN OTC LAND , Bad News Barry.
https://otcmarkets.com/stock/LEAI/disclosure
==
King of Prussia
@ImKingofPrussia"
The SEC didn't take any enforcement actions against Sagaliam - they didn't suspend or revoke SAGA.
Sagaliam was delisted because the market cap was under $50 Million for. 30 consecutive days.
Delinquent filings, undisclosed share issuances, and lack of shareholder approval led to multiple violations of Nasdaq rules, resulting in a delisting notice. Sagaliam Acquisition Corp. received a Nasdaq Hearing Withdrawal letter. The company's market value fell below the required $50,000,000 for 30 days.
Sagaliam Acquisition Corp. was not directly suspended by the SEC, but it did face delisting from the NASDAQ stock exchange due to several compliance issues.
Issues with Sagaliam Acquisition Corp.'s (SAGA) business combination with Virogentics Inc. and Biogenysis, Inc. were one of the reasons the Nasdaq delisted its units and securities on March 8, 2024.
ENZC was always a scam. Otherwise they would have become an SEC reporter and did FDA approved clinical trials.
IG
Do you know what you are talking about - Delaware is a State not a city so it would be governor not Mayor.
And it is Mayer BROWN not Mayor.
"Case ID: N24C-05-097 - MAYER BROWN V. SAGALIAM ACQUISITION CORP. ET AL"
"Here you go SAGA and Barry K, is being SUED BY MAYOR OF DELAWARE. Thank to KOP for his constant DD with Verified Links to Info.
https://courtconnect.courts.delaware.gov/cc/cconnect/ck_public_qry_doct.cp_dktrpt_frames?backto=P&case_id=N24C-05-097&begin_date=&end_date="
The SAGA deal was for pumping purposes only and it is dead as SAGA was delisted.
Another fraudulent SPAC.
IG
So in the next Quarterly report you believe that there will be at least $47,500,000 in revenue. LMAO!
Park pulled the same BS at Nate's with the Commodities contracts pumping but it never generated any revenue.
You believe that Spooz is golden - it is such an obvious scam - Spooz hasn't had a name and symbol change.
Park has pumped Billions of dollars in Chicken feet and Sugar contracts - then Park is trying to pump being in the Blockchain and AI business - and the latest is without any capital or assets Spooz acquired 51% of PEC which he claimed has a valuation of $24 Million (must be from stervc) - where did the $12 Million come from - did the pinkyland pumping fairy leave $12 Million under Park's pillow?
This is hilarious - I guess some will believe anything.
IG
Looks like the insiders were dumping Friday.
I agree that Spooz is just one of the hundreds of OTC scams.
No one could possibly be so foolish as to believe the Park pumping press releases.
IG
I don't believe I have seen you since you were pumping SRGE - that didn't end well for you.
Now you are pumping a Expert Market scam that is listed as Dark or Defunct - another great stock you are pumping. SMH - some never learn.
IG
From an 8-K HUMBL filed today and this is beautiful - they changed accountants - Borgers was the accountant and they have a great deal of problems.
"SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings"
"Effective May 8, 2024, HUMBL, Inc. (the “Company”) dismissed BF Borgers CPA PC (“BF Borgers”) as its independent registered public accounting firm and on May 9, 2024, engaged Fruci & Associates II, PLLC (“Fruci”), which action was approved by the Company’s Board of Directors.
BF Borgers was engaged by the Company in 2021. From the date of BF Borgers’ engagement through the date of its dismissal, (i) the Company had no disagreements (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K) with BF Borgers on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of BF Borgers, would have caused BF Borgers to make reference to the subject matter of the disagreements in connection with its report on the Company’s consolidated financial statements for such years or any subsequent interim period through the date of dismissal, and (ii) there were no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K)."
HUMBL was setup as a share selling scheme from the beginning.
Many were caught chasing and holding and ended up underwater.
HUMBL and Sharp both used Borgers.
IG
That has absolutely nothing to do with SRNW as eToro has a valuation of $3.5 Billion. In March 2023 they raised $250 Million in funding.
"The company is weighing an initial public offering (IPO) in either London or New York, with CEO Yoni Assia saying that a U.S. listing would give the company access to a broader range of investors."
eToro had problems going public as two SPAC deals that have fallen apart and the valuation has dropped. But certainly not enough to use a Sharp hijacked shell to become a OTC company.
"The company’s valuation has taken a nosedive since its first attempt to go public in 2021 when it agreed a $10.4 billion merger with a SPAC, which ultimately fell through."
I hope no one was serious about a reverse merger with eToro.
IG
Is Borgers going to do the financials?
eToro has a valuation of $3.5 Billion - Sharp is going to have to increase the A/S to Trillions of shares.
IG
But you believe that Spooz is in the business of selling chicken feet and Sugar - then they are in the Blockchain and AI business and now the energy sector.
And you must believe that since December Park has over $2 Billion in commodities contracts.
Where did Park get the capital to acquire 51% of PEC - which Park stated had a valuation of $24 Million - stervc must have done the valuation.
Do you think anyone is posting facts to expose the Spooz scam so they can short a true penny stock - do you understand how silly it is to post that that those exposing the scam would be shorting a $0.0122 stock - it isn't economically feasible.
IG
If you are going to pump such nonsense try not to be a racist.
"Arabs buying in! Hold on to your"
Why don't you try and use Middle Easterner instead of Arabs.
It looks far more red than green.
Looks like Park and his crew are dumping
IG
Borgers was a huge scam. Anything that touched it will be under a great deal of scrutiny.
Borgers signed off in the Form 10 that Sharp first filed and in the Amended Form 10.
The GVSI shell keeps taking hits.
IG
I checked a company I researched - it was a Nigerian scam and they filed an S-1 and it was deemed effective in 2 months and 9 days.
Sharp filed the S-1 on 12/19/2023 as of today that is 4 months and 22 days.
Remember FORW was an old Bill Schaefer shell GRDO - so there might be a few problems.
I then checked when TSNP/HMBL filed a S-1. They filed it on 07/29/2021 and it was effective on 2022-07-27.
It took one year. But there were many comments from the SEC. At least 9 letters with comments such as the first.
"United States securities and exchange commission
Submitted July 29, 2021
CIK No. 0001119190
Dear Mr. Foote:
We have reviewed your draft registration statement and have the following comments. In
some of our comments, we may ask you to provide us with information so we may better
understand your disclosure.
Please respond to this letter by providing the requested information and either submitting
an amended draft registration statement or publicly filing your registration statement on
EDGAR. If you do not believe our comments apply to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
After reviewing the information you provide in response to these comments and your
amended draft registration statement or filed registration statement, we may have additional
comments.
Draft Registration Statement on Form S-1 Submitted July 29, 2021
Prospectus Cover Page, page i
1. Please revise your prospectus cover page, disclosure on page 7 and Plan of Distribution to
identify Brighton Capital as an underwriter. For guidance, refer to Question 139.13 of the
Securities Act Sections Compliance and ended December 31, 2020 and the six month period ended June 30, 2021. Refer to Rules
11-01 and 11-02 of Regulation S-X. If you believe that these acquisitions are not
significant, please explain why and provide your significance tests.
Risks Related to Our Common Stock
If we sell shares of our common stock under the EFA, our stockholders may experience
immediate dilution . . ., page 20
3. Please expand this risk factor to include disclosure about whether Brighton Capital can
engage in short-selling activities and, if so, how any sales activities after announcement of
a put may negatively affect your share price.
Agreement with Brighton Capital, page 24
4. Please expand this section to include disclosure about the material market activities of
Brighton Capital, including any short selling of your securities or other hedging activities
that Brighton Capital may or has engaged in, including prior to entering into the EFA and
prior to the receipt of any shares pursuant to the terms of the agreement; and how
Brighton Capital intends to distribute the securities it owns or will acquire.
Also include a discussion on how the provisions of Regulation M may prohibit Brighton
Capital and any other distribution participants that are participating in the distribution of
your securities from engaging in market making activities (e.g., placing bids or making
purchases to stabilize the price of the common stock) while the equity line is in effect;
and purchasing shares in the open market while the equity line is in effect.
Dilution, page 25
5. Please provide us with your calculation of net tangible book value before and after the
offering. We also note your reference to July 23, 2021. Please note these amounts should
be calculated using your latest balance sheet.
Liquidity and Capital Resources, page 30
6. You state that growth in revenues as well as proceeds received from convertible notes and
equity investments from April 1, 2021 through July 23, 2021 contributed to the growth in
cash to $4,125,000. Please disclose the amount of proceeds received from convertible
notes and equity investments.
Note 3. Reverse Merger , page F-13
7. Please explain to us and disclose how you accounted for the common shares issued and
outstanding of Tesoro Enterprises as part of the reverse merger transaction.
Report of Independent Registered Public Accounting Firm, page F-38
8. The unnumbered F pages after page F-37 appear to have been included in the registration Disclosure Interpretations.
Recent Acquisitions, page 6
2. For the acquisitions of Tickeri, Inc. on June 3, 2021 and Monster Creative, LLC on June
30, 2021, please file the historical financial statements for each acquisition pursuant to
Rule 8-04 of Regulation S-X. In addition, please present pro forma financial information
for the effect of the acquisitions as if they had occurred on January 1, 2020 for the year statement in error. Please remove.
General
9. You disclose that your common stock is quoted on the Pink Open Market and that sales by
the selling stockholders may be made at "fixed prices, at prevailing market prices at the
time of sale, at prices related to the prevailing market price, at varying prices determined
at the time of sale, or at negotiated prices." Please note that the Pink Open Market is not
an established public trading market into which a selling stockholder may offer and sell
shares at other than a fixed price. Accordingly, please revise your cover page disclosure,
and make corresponding changes elsewhere in the prospectus, including in the Plan of
Distribution, to disclose a fixed price at which the selling shareholder will offer and sell
shares until your shares are listed on a national securities exchange or quoted on the OTC
Bulletin Board, OTCQX, or OTCQB, at which time they may be sold at prevailing market
prices or in privately negotiated transactions. Refer to Item 501(b)(3) of Regulation S-K."
And that was just the first of 9 comments.
Everyone might want to relax as it could be 7 more months.
IG
What does SRNW have to offer eToro?
"An eToro merger here would be fun times. I’m thinking once the filing is completed for FORW this summer, we’ll get a PR."
I think SRNW is the only shell left for a reverse merger but I can't envision any real company using the SRNW shell to go public.
Here is something about eToro:
"As of April 30, 2024, eToro is a privately held company and not publicly traded on NYSE or NASDAQ in the U.S.. However, in March 2021, eToro announced plans to become a publicly traded company through a reverse subsidiary merger with FinTech Acquisition Corp V (NASDAQ:FTCV), a Special Purpose Acquisition Company (SPAC). The combined company would operate as eToro Group Ltd and be listed on the Nasdaq stock exchange. However, in July 2022, the two parties mutually agreed to terminate the deal after the deadline for eToro to go public under the SPAC arrangement expired on June 30, 2022."
eToro isn't going to go public on the OTC.
IG
There was a implication that Wenz had access to the Krupp money.
"Rolf Bela Wenz comes from the Krupp founding family. ThyssenKrupp (TK) is an approximate $44 billion company based on Sales for the year end 2022. Mr. Wenz will assume the role of Chairman of JP Energy Global, wholly owned subsidiary of JP3E Holdings, Inc. and the Transfer Pricing Division of ThyssenKrupp Resource Technologies GmbH. He has been with ThyssenKrupp AG since 1974. ThyssenKrupp (TK) was the result of a 1997 merger between Thyssen and Krupp."
We will find out the truth very soon - but Park has a history of providing pumping information that never comes to fruition.
IG
I knew little pumper boy would try to inject more jibberish ramblings.
But Park is throwing everything against the wall to see if any of his pumping works.
Spooz is selling chicken feet and Sugar, they are a Blockchain and AI company and now they are in the Energy sector - no one could be so gullible to believe the Park hype.
From the press release:
"PEC, previously a wholly owned entity under Imperial Holdings Energy and now a 51% owned subsidiary of JP3E, is valued at over $24 million."
Once again there isn't any details on how Spooz paid $12 Million for PEC - or any details on the agreement. How did Spooz pay to acquire 51% of PEC.
"CLEARWATER, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- JP 3E Holdings, Inc. (“JP3E”), previously known as Spooz, Inc. (OTC: SPZI), today announced the successful acquisition of 51% of Power Engineering Corporation (PEC) from Imperial Holdings, Inc. This acquisition is a strategic expansion move that aims to significantly enhance JP3E's presence in the liquefied natural gas (LNG) sector through PEC's advanced capabilities."
IG
Hmmm, it is odd that in a cursory review - I find that Rolf Bela Wenz is only found in hype created by JP3E Holdings Inc. and the Bio was created by JP3E.
The Photo is hilarious.
IG
Odd that Spooz never provides any details about the contract.
The photos are meaningless without context.
IG
Any expected revenue - contracts etc should be in Subsequent Events.
From the press releases:
"CLEARWATER, Fla., Feb. 05, 2024 (GLOBE NEWSWIRE) -- JP Energy Global, PTE, LTD, a wholly owned subsidiary of JP 3E Holdings, Inc., formerly Spooz, Inc. (OTC Pink: SPZI), is pleased to announce the execution of a sugar commodity contract valued at $617,500,000 for ICUMSA 45 Sugar. The contract is $47,500,000 per month for the next 12 months, which totals $570,000,000 for the year. The additional trial shipment brings the yearly total to $617,500,000 for the total contract value."
There would have been a shipment in March 2024 - so there should be at least $47,500,000 in revenue.
IG
The LOSER is the idiot KOP - he has a post pinned from 2021.
I posted from the link the guy had in his post.
Plus, his website is down - https://imkingofprussia.com/
"Is Imkingofprussia.com down?
It's not just you! imkingofprussia.com is down."
I can post dozens his pumping yammering.
IG
Are you so naive and gullible that you believe the nonsense posted on X by the KOP clown-here is an example.
"King of Prussia
@ImKingofPrussia
Dec 28, 2022
Wait til you learn about how he tried to steal the cure for HIV from the Cotropias and how he has spent years suppressing it. See
@enzolytics $ENZC"
ENZC doesn't have a cure for HIV - the guy is just another bottom feeder pumping on X.
KOP posted an article from 2013.
His website is down imkingofprussia.com.
"
King of Prussia
@ImKingofPrussia
Dec 16, 2021
$ENZC
have the ability to end the #COVID19 #pandemic and future pandemics"
This guy needs to be in prison.
IG
Just more pumping void of facts.
"Last I heard, they're just a few milestones away from accelerated partnerships and private trial testing."
Which milestones - and what does private trial testing mean because that would be a waste of time and money - you are clueless and just posting pumping garbage.
IG
Talk is cheap - you are a pumper that didn't post a single fact with the garbage you posted. I love it when a OTC investor is telling everyone they have inside knowledge of what's going on - you don't seem to understand that you are implicating yourself in securities fraud by trading on insider information.
"I can tell you, Clone3 and Clone7 are working well and are successes, a new test market will begin getting volunteer trials, but not anything like the old one that had the same BS story over it, and it's not where you might think. Should be the final magnet to close negotiations that are already underway.
They even seem confident that Harry will be gone at that time. That I found interesting. They no longer sound as wildly stressed as they did just 2 weeks back."
What you posted is BS - post your proof that Clone3 and Clone7 are successes.
Where are they conducting Clinical Trials - where are the results from the clinical trials?
You wrote: "Clone3 and Clone7 are working well and are successes, a new test market will begin getting volunteer trials"
A new test market will begin getting volunteer trials. That is meaningless jibberish - you are just pumping.
IG
First a Quarterly report isn't audited.
It states that on the filing:
"05/09/2024 Quarterly Report - Amended Unaudited 2022 Annual Report"
"Today they filed a amended 2022 Q thats was audited. Harry must have changed something for his benefit."
IG
Thanks Surf, for the racing update.
If Sharp had wanted to build a real business he had FORW - but he went and gained Custodianship of GOFF/WNFT, SRNW and GVSI - these were about feeding the monkey of his horse Racing addiction.
You have kept everyone informed about his horse Racing. There is a IRS problem about commingling funds and I have seen many people prosecuted and sent to Federal Prison for this type of fancy accounting.
No you aren't close to being accurate. The WNFT price is down because Sharp hasn't accomplished anything of value in 3 years.
Then the Coup de grace was when Sharp filed a Form 15 to deregister the stock and cease all SEC filing Obligations.
There isn't anything to get excited about with WNFT. Sharp told everyone by his actions that he was abandoning WNFT and GVSI.
Oversold with the cancelation of the stock should create a demand - not depress the price. But after 3 years it is time for Sharp to Show me - Don't tell me. But he has always been all talk.
"$WNFT cheap. WNFT oversold. Sellers bring down price of WNFT. Buyers no get relief. Fear and uncertainty send price of WNFT down big. Buyers and sellers dictate price of stock. Supply and demand run show. Buyers can overpower sellers if WNFT gain enough exposure. Demand increase result in higher share price. Sharp working on real deal. If you no believe Sharp then move on. Good day sir."
Supply and demand on the OTC when the insiders can manipulate the price so easily.
You don't know if Sharp is working on
a real deal - he hasn't brought a real company to the table in over 5 years for FORW. That is more wishful thinking.
OTC investors don't understand the importance of hijacked shells not having a filed a 15c - that makes it impossible for any real company to do a reverse merger. Call a securities attorney and tell them a shell obtained via a custodianship that doesn't have a 15c and ask them the value of the shell.
IG
The was luck as it was the OTC Bubble created by WSB/Reddit during the period of GME and AMC.
On the OTC dormant and Zombie tickers ran - but as everyone can see - TSNP/HMBL is now in trips and investors thought it was going to $100 and kept chasing and holding until most were underwater.
Foote and Sharp were just pumpers that took advantage of novice investors - insiders did really well most investors kept holding and watched their investment disappear.
IG
That isn't my opinion - it is a fact. Obviously you haven't read the financials. It clearly shows that Mullen is shipping to RMA and only being paid when a sale is made.
Odd that RandyMarionMullen.com which was redirected to randymarion.worktrucksolutions.com.
Now there isn't any Mullen Vans or trucks on randymarion.worktrucksolutions.com.
IG
That isn't true - Michery has a well established record as a failure as a CEO.
"Mullen’s Founder, Chairman and CEO, David Michery led 5 failed penny stock companies prior to Mullen. Two had their securities registrations revoked by the SEC, two terminated their securities registrations, and the last one merged with a speculative gold mining company.
Michery merged one of his prior entities as part of a 3-way deal with an individual who was later charged with criminal securities fraud and sentenced to 30 years in prison. Prosecutors alleged that the merger deal involving Michery’s prior company was part of the scheme."
Using AI I found a total of 10 companies associated with Michery that have failed.
David Michery, an entrepreneur and businessperson, has been at the helm of 10 different companies. Let’s delve into his notable positions and ventures:
Mullen Automotive, Inc.:
Chairman, President & Chief Executive Officer
Mullen Automotive, Inc. specializes in advanced electric vehicle & battery production, with its main product being the Dragonfly K501.
Founded by David Michery, this company has been making strides in the EV industry.
Mullen Technologies, Inc.:
Chairman & Chief Executive Officer
Mullen Technologies, Inc. is a subsidiary of Mullen Automotive, Inc.
It focuses on motor vehicles and consumer durables, particularly electric vehicles.
Primco Management, Inc.:
President & Chief Executive Officer
David Michery has been leading this company since February 6, 2013.
Seven Arts Music, Inc.:
Chief Executive Officer
A company in the entertainment sector, Seven Arts Music, Inc., has benefited from Michery’s leadership.
Former Positions:
iFinix Corp.: Chairman & Chief Executive Officer
Petro America Corp.: President & Chief Executive Officer
GL Energy & Exploration, Inc.: President & Chief Executive Officer
American Southwest Music Distribution, Inc.: President & Chief Executive Officer (both are subsidiaries of Petro America Corp.)
Shades Holdings, Inc.: President & Director
MNRK Music Group LP / Death Row Records brand: President
All American Communications, Inc.: Head-Urban Music.
Those that don't learn from history are doomed to repeat it.
IG
You don't seem to understand that Mullen has the worst agreement with RMA that isn't sustainable - Mullen rebrand the Chinese Vans and Trucks and delivers them to Mullen - but RMA doesn't pay Mullen until they make a sale - and 2 weeks ago RMA hadn't made any sells.
That is a recipe for Bankruptcy.
IG