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He is certainly getting his money back....apparently he bought some legal headaches too
For the sake of positive marketing....
It might be an idea for one of the Moderators to take down the old GM last mile stuff and put up some MMJ pic's... maybe some stacks of $100 bills and gold bullion for good measure.... but mostly pot pic's
But But But....they were "restricted"
I think it is fascinating that the filings are silent (If somebody saw something I missed I am ready to be corrected) on the conveyance of the company ownership from McHenry to the new guys.
SUNNY.... do you know the conditions associated with the preferred shares.... were they established under the original bylaws?
How is 2.1B 62% of 5B?......let alone 7B?
Now 2.11B X 2 is 60%+ of 7B but that would mean they hold 4.2B of the AS
I would not expect to see a proxy anytime soon
250M Class A shares? (When/What/Who) GLTA (Timing is everything)
What do you think will happen here if not a RS?
They doubled the share count to 7+B. I am gonna guess they had too to make sure they had controllable voting rights. (I always wondered how accurate GM stock sale activity reporting was over time) Nonetheless they control over 51% of the AS.
GLTA
So that's too phunny!
The qtmm proxy sought to.....
1. Dramatically expand the AS Shelf
2. Print 1M shares of convertible preferred
3. Authorized a 1:25 RS (further compounded by a 600K to 100K share reversal/reduction)
and here's the best part.....drum roll
CHANGE THE STATE OF INCORPORATION FROM NEVADA TO DELAWARE!!!!
So how's that been working out for y'all?
It's pretty apparent to me.....
GM does not/did not need shareholder approval to alter the AS
https://www.delawareinc.com/blog/stock-amendments-in-a-delaware-corporation/
Be honest SUNNY.... how many penny stocks have you watched wherin the Company consulted shareholders with a proxy for a shelf increase or a even a RS? These types of actions are done by "companies" everyday to the detriment of shareholders. Heck... I will even fess up to owning at least three at the time such actions were taken....(one that Slic and I both held truth be told)..... I have never gotten a proxy on any penny stock I ever held.......... and, as God as my witness, DUTV will be the last one I ever touch
Follow the link I posted.....
Do a search on GM (it has a bot wall so I could not link the specific page for you).... and you will see that he plead out his Assault and Witness tampering charges. More importantly..... you should all connect the dates of his divorce from Sophia Newsome and the last known filings for DUTV. Ask SUNNY about her connection to TORQ. My guess is that she prolly owns half of the non-float shares.
Kudos to the guy with the Delaware Corp read out......Someone doubled the AS shelf last year to nearly 8 BILLION Shares w/o public disclosure. Not so bueno.
FACTS matter. MCTC has a life of it's own.....
Banana Banana Banana
https://www.browardclerk.org/Web2/CaseSearch/Results
GL2U Cash.....
I hope all of your wildest DUTV dreams come true. I will check back in a year to see how you made out,,,,,,, happily Over and Out!
Where the heck is 2can?
Somebody needs to get in touch with Mrs. Slic!
Reverse split 1:200 (or something similar)..... then fire up the printing press. I have not looked at this in ages..... VS appears to have dropped MPIX from his Facebook page.
It is more than criminal that people can fleece the public like this over and over again. But then if God had not wanted them sheared he would not have made them sheep Eli Wallach
I remember another Awakening
Ben... they (being penny P&D's) can "pre-load" all they want....but without a peep from the company it would go nowhere....they can't manufacture hype from silence.
Each issuance before has had multiple reverse splits and then they will reissue additional stock....typically preferred/convert stock. This will NEVER recover......there is no music unicorn
This is some pretty decent research.... FWIW....chance for another RS are nearly 100%...these folks are shameless!
I am sorry to say that the music library has no value.....it has been moved from shell to shell and touted as an soon to be exploited asset for years.This bait has sent many speculative investors to the basement. 100's of millions of shares have been sold with the expectation that the music ship would finally arrive. At one point they implied that it was worth hundreds of millions.....but to the best of my knowledge nobody has made any monies (royalties or otherwise) from the song library over the past 25 years.
http://www.prnewswire.com/news-releases/emax-media-inc-subsidiary-of-mindpix-corp-opening-new-office-in-atlanta-georgia-148239465.html
As noted by others, ownership of the "asset" is also suspect..... I can see no conveyance...at least previously when moving it from one shell to the next, there was some silly stock swap/reverse merger to to give the appearance of legitimacy... in this case Rox just seems to have gifted it to this shell
This goes back way farther than EMAX........Rox's late husband Chuck started the racket nearly twenty five years ago
http://www.bizjournals.com/orlando/stories/1996/09/23/story6.html
T-Trades
FWIW ....In my experience, I have seen t-trades used as Market makers for a particular issue expand or contract. They are swaps between brokers..... my guess is that someone wants to stop making a market for this (as it is worthless) and wanted to get their shares off the books.
I have also seen them used as camouflage for dilution.
Neither bode well for this issue which has been completely dark for a year now....nothing to see here.....move along for your own good
Quite a parachute
23,000 Series A Convertible Preferred Shares
X 50,000 1 Series A Convertible Preferred Share shall equal 50,000 common shares.
1,150,000,000.00 Total unrestricted shares upon conversion
Now try to remember.....the Lorios have a provision that allows them to buy shares at .0001 to retain 33% stake on the company....but then I am sure they will wait until after the RS
So according to this 52% of the shares consented to the dilution..... and apparently David Baliff holds 175 M shares that he bought on the open market (since he has never been identified before as a private placement)
http://www.sec.gov/Archives/edgar/data/1053368/000149315215000524/prer14c.htm
so anyways....this must be a good thing since 52% of the shareholders said yes,,,, and now Vic can get along with the business of handing control of the company to the Lorios under previous agreement.
Next step...the reverse split
Yes.... the MM's know something.... they have read the filing..... they know that MPIX is about to more than double the authorized shares on Friday and are likely settling accounts between themselves before the record date and associated dilution
Sorry Peeps.
It is time to stick a fork in this thing.... it is done.
The Lorios bought the shell from Victor.... and he vacationed with the proceeds. I suspect he will step down shortly. Prolly the plan all along. Clean it up and sell it. Gosh he made a lot of money in the process... and there is absolutely nothing to show for it! ......but then a lot of people made money here.....the list of stock distributions was obscene.
In the 14 C filing....MPIX asserts
The elimination of the need for a special meeting of the stockholders to approve the actions described in this Information Statement is authorized by Section 78.320 of the Nevada Revised Statutes. Section 78.320 provides that any action required or permitted to be taken at a meeting of stockholders of a corporation may be taken without a meeting, without prior notice, and without a vote if the action is taken by the holders of outstanding stock of each voting group entitled to vote thereon having not less than the minimum number of votes with respect to each voting group that would be necessary to authorize or take such action at a meeting at which all voting groups and shares entitled to vote thereon were present and voted. In order to eliminate the costs and management time involved in holding a special meeting and in order to effect the actions disclosed herein as quickly as possible in order to accomplish the purposes of our Company, we chose to obtain the written consent of a majority of the Company’s voting power to approve the actions described in this Information Statement.
But this is what the statue REALLY says.....They DO NOT have a voting majority and they DO NOT have the right to forgo a meeting and a vote. Please read the actual statue carefully then go back and look at how they have modified the language in the filing
NRS 78.320 Stockholders’ meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting.
1. Unless this chapter, the articles of incorporation or the bylaws provide for different proportions:
(a) A majority of the voting power, which includes the voting power that is present in person or by proxy, regardless of whether the proxy has authority to vote on all matters, constitutes a quorum for the transaction of business; and
(b) Action by the stockholders on a matter other than the election of directors is approved if the number of votes cast in favor of the action exceeds the number of votes cast in opposition to the action.
2. Unless otherwise provided in the articles of incorporation or the bylaws, any action required or permitted to be taken at a meeting of the stockholders may be taken without a meeting if, before or after the action, a written consent thereto is signed by stockholders holding at least a majority of the voting power, except that if a different proportion of voting power is required for such an action at a meeting, then that proportion of written consents is required.
3. In no instance where action is authorized by written consent need a meeting of stockholders be called or notice given.
4. Unless otherwise restricted by the articles of incorporation or bylaws, stockholders may participate in a meeting of stockholders through electronic communications, videoconferencing, teleconferencing or other available technology if the corporation has implemented reasonable measures to:
(a) Verify the identity of each person participating through such means as a stockholder; and
(b) Provide the stockholders a reasonable opportunity to participate in the meeting and to vote on matters submitted to the stockholders, including an opportunity to communicate, and to read or hear the proceedings of the meetings in a substantially concurrent manner with such proceedings.
5. Participation in a meeting pursuant to subsection 4 constitutes presence in person at the meeting.
6. Unless this chapter, the articles of incorporation or the bylaws provide for different proportions, if voting by a class or series of stockholders is permitted or required:
(a) A majority of the voting power of the class or series that is present in person or by proxy, regardless of whether the proxy has authority to vote on all matters, constitutes a quorum for the transaction of business; and
(b) An act by the stockholders of each class or series is approved if a majority of the voting power of a quorum of the class or series votes for the action.
[29(a):177:1925; added 1949, 158; 1943 NCL § 1628.01]—(NRS A 1959, 686; 1987, 581; 1989, 875; 1991, 1229; 1993, 961; 1997, 702; 1999, 1584; 2001, 1371, 3199; 2007, 2419; 2011, 776; 2013, 1271)
Completely Fraudulent!
The Lorios had no right to vote shares that had not been issued. Their shares were subject to the authorization.
(2) Includes 525,000,000 shares to be issued pursuant to a Stock Purchase Agreement and subject to the Company increasing it’s number of authorized shares. When issued the shares will contain a restrictive legend, they have not been registered, but have piggy-back registration rights should the company file a registration statement on Form S-1.
Shareholders should bring a class action suit and complaints to the SEC
Oh... and BTW..... when did 31% of anything constitute a "majority"....Vic Segal is a thief....they have elected to ignore the company by-laws,,,this is a complete usurping of shareholder rights
Cash can you please......
PM me the e-mail addy for your dope supplier...TIA
No it wasn't actually.....
I went back and re-read the thread that started back in July after you met with him over the summer. You offered a thoughtful narrative about the character and seemingly trustworthiness of Mr. Segal.
In your post you deliberately went out of your way to avoid the specifics of your conversation and focused upon his grasp of circumstances and confidence moving forward.....
I was wondering if that had changed? You went to a lot of trouble to have a face to face....you are a smart guy.....you know the deal here.
I am curious........
So you met personally several months ago with Vic. At that time you lauded him as an up-front and straightforward guy. How do you feel about him now watching him vacation in Aspen......Barcelona....etc?
Do you have any sense of outrage?
Page 11 is required reading for all......
https://www.sec.gov/Archives/edgar/data/1053368/000149315214003647/form10-12ga.htm
I still don't get how this works......both the Lorio agreement and the conversion agreements commit to the distribution of shares the company does not presently hold. The table postulates a worst-case exposure for the convertibles @ 2.6 Billion shares all by itself.....couple that with the 28% Lorio stake and even a 1.75 Billion share expansion to 3.25 Billion Authorized Shares (requiring a shareholder action) does not cover the commitments to these to parties unless the proceeds of the Lorio stake were used to settle convertibles
Blulife is owned by a single person...
http://companies.findthebest.com/l/29629216/Blulife-Inc-in-Boca-Raton-FL
check out her friends.......
https://www.facebook.com/vivian.korzblumenthal?fref=ts
BTW... the amount of shares they intend to issue went from 1.5 Billion to 1.75 billion since the last filing
The Weber agreement...
http://www.sec.gov/Archives/edgar/data/1053368/000149315214003647/ex10-11.htm
The Convertible terms and Note Holder revealed
http://www.sec.gov/Archives/edgar/data/1053368/000149315214003647/ex10-4.htm
I am expecting news shortly......
Apparently the Bridge to Believe tour has been moved to South Africa....
Bishophez and Vashawn Mitchell are both there at the moment....
http://instagram.com/p/uqzeSbr4LT/
http://www.bandsintown.com/event/8864383?artist=vashawn+mitchell&came_from=95
Brilliant move by Vic and Steve......the streaming VOD should be great from Capetown!
So is anybody else having fun yet?
While "fun" is not a typical CEO update to Shareholders, I believe, for myself and for many of the Shareholders much of the last year has been very frustrating. So fun is a welcome change for all of us.
Cash...do you do your own taxes?
Lotto tickets are more reliable.....
They conduct business when they promise!
So how can this be legal?
In July Vic apparently took a check from Mr & Ms Lorio for @$400K in a private placement of MPIX common stock.
But they obviously do not have the necessary shares to consummate the deal
(3) Includes 525,000,000 shares to be issued pursuant to a Stock Purchase Agreement and subject to the Company increasing it’s number of authorized shares.
A rhetorical question?
Q: What kind of company fabricates a flag as complicated as Bridge to Believe.... and then does not raise a solitary finger to wave it?
It is all there for everyone to see..... Facebook, website, twitter, instagram...... built and activated to validate the promises made.... and invented to promote the event.......... but then... after they are deployed....NOTHING!!!! No Tweets, no updates, no radio spots, no you-tube ads, no artist contributions.
A; A company that does this kind of thing knows full well there will never be an event (from day one).... and that any additional time supporting the facade is a simple waste of time and effort!
I wonder what the contractual implications for this are...after all..... people lent their names to this that have brand value? Where is the public explanation for this failure..... what is the excuse...who is to blame......?????
There will not be a B2B concert tour tomorrow night...there will not be $10 Million dollars in revenue, NET, GROSS or even Monopoly money. Just the expenses associated with Vic's travel and the associated press releases.
Hezekiah Walker tweeted last night his intentions to be at his home church on the 15th and he is publicly committed to being in DC the next week. Tye Tribitt is in Ghana. There has been zero work done to advertise this event since it's announcement. Impact TV has had no public word whatsoever.
So now the company that deliberately removed the word "Hispanic" when they changed their company profile two months ago is banking on Hispanic Soccer again. Even better, Vic is slated for a European business trip (during the concert series LOL) to revisit his buddie Lionel Messi at FC Barcelona and compete for US Hispanic TV distribution.
This is grueling work....but I guess somebody has to do it!
Mr Lorio....you are watching right?