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So which is it, "Incas Snacks" or QEDN? Cuz this is QEDN. And QEDN is in millions - 10's of millions - of dollars in debt.
The OFFICIAL CEO and Chairman is Tom Makmann, and he is dead.
Inca snacks infomercial
excellent production - should sell millions
CEO is dead though... Literally. So is the in-country rep. The only one left is a guy named Purdon.
He's recently been convicted of fraud.
Slapped with a $500,000 judgement, at least I think that's how much it was.
Purdon has been the scumbag behind this POS all along.
He is as trustworthy as a guy who has been convicted of fraud - TWICE - can be.
For some links to the latest:
https://doris.clk.co.st-johns.fl.us/BenchmarkWeb/Home.aspx/Search
Click on 'Name', put in Purdon, Raymond
Complete the math problem if you can. If you can't don't EVER buy stocks.
When you get to the records, scroll down to case dockets.
#4-10/19/2016 is the final judgement.
#98, from 11/14/2013 is a partial list of Purdon screwing people over
If you feel like contributing to the Raymond Purdon Defense Fund, buy QEDN shares
Boy O Boy this sure is entertaining... Wondering if RayRay likes tossed salad.
and the captain of the titanic says "oh its just a fog bank"
QEDN R.I.P.
CEO is dead. Colombian "operations" manager is dead.
Share structure? ROTFLMAO ...
How about 10's of millions in debt and run by dead people?
Oh yeah - the money guy, Raymond "Turdmann" Purdon, convicted of fraud last month.
This is a steal all right.
Oh what a tangled web ...
David Otto was convicted, fined, forbidden to engage in anything to do with stocks for 4 years - something like that.
Then Purdon unloads a BS scam company of his (they all are) called Kaleidoscope Venture Capital, which provided satellite TV to apartment buildings in Seattle. Motto: "Any station you want, as long as it's static".
Didn't matter what they did, all Purdons companies do is put out PRs and unload stock.
The shell of KLDO was bought by a guy named Ron Tate, who must have had a large surplus of KY jelly he needed to find a use for, because Purdon bent him over good. As in here, take on my millions in debt.
So what moron would by a company worthless shell from Purdon and take on all that debt? (Ron was trying to take his idea about sign-in kiosks at health clubs public) Did Tate get some bad advice somewhere?
Well, thanks to Ole Wingie here the SEC found out that the address of KLDO and the address of David M. Otto matched right down to the suite number.
The clincher was that the SEC had a new complaint about someone they already had a judgement against, I guess.
But other complaints to the SEC go in a pile of a bazillion complaints. I remember seeing a 60 minutes segment or something, report is at SEC investigators office asking about a complaint, she put a pained expression on her face and said any individual complaint is one of thousands they get daily, and a lot of them are legitimate.
They gotta go after the fish, Purdon is just a tiny piece of pond scum in the grand larcenous universe of penny stocks and non-penny stocks.
Hey, look at the complete assholes over at Wells Fargo, or the entire collection of complete assholes that is Wall Street circa 2007.
And our beloved congress says there is too much regulation, and Mr. P. Ryan says there's really no need for the CFPB they just get in the way - the day before the CFPB announces the Wells Fargo screw-fest.
A couple of years ago there was talk of getting rid of penny stocks altogether, but with Republicans in charge that will never happen. Free markets and all.
Anyhow, just about 95% of the people who "invest" in penny stocks know that they are all scams, and they ARE ALL SCAMS. It's a casino in a cesspool and they are all trying to suck the other 5% dry. Of course in the 95% are a good percentage of absolute morons who can kid themselves into anything, they are the golden geese who always come in too late and end up with the bag when the music stops. This is why Scotty Boy is jones-ing for the next pump - he's got the bags.
You can read filings and reports (such as there are) to see who got what shares, wherever you see 'Grandview' that's Purdon. When he was running the weed scam he had QEDN borrow money from Grandview (so he gave himself a loan), default on the loan, and issue free trading shares back to Grandview. He even went so far as to give restricted shares back to QEDN and then re-issue them as free trading shares in the middle of the weed pump.
That's gotta be illegal, but hey, it's chump change to the SEC.
Wherever you see Makmann you can substitute Purdon, he had his hand up Tom's butt and was working him like a puppet. Tom's dead, so no more comments from him.
by super-thin you mean no bid. CEO CONVICTED OF FRAUD
NRGT, the proud owner of billions worth of oil in YooKrane, which Purdon got for about $20 worth of stock. He is a wonder, that one.
This was during the ex-soviet-bloc oil well phase of the Turdmann family of scams, PRs touting extremely valuable oil reserves in places where it was impossible to verify any of Purdons BS, places like Kyrgystan, YooKrane, and wherever Borat was from.
'Tis now NRGT
Who wants all that debt? This is poison.
This "ran" before CEO was convicted of fraud. That might make a difference, dontcha think?
Mostly what happens (I think, and this is just from the filings) he gets groups like Tangiers to "loan" money. The loan is always convertible to stock, in free trading shares. Most 'stock for $$ or services' transactions can't be traded for 6 months.
So the toxic financier (that's what Tangiers is) loans money for some scheme, it's not paid back, gets converted to shares, then the pump starts. During the time the stock is pumped Purdon issues himself more shares (for 'services', also free trading), he sells those into the pump along with Tangiers. Suckers like Jelly and Summers get sucked in even though they know it's a scam, it's like a pyramid scheme only they figure theirs more suckers left.
Tangiers isn't going to sue, they can't have people poking into their business, they're part of the game.
SEC has 1000 times more cases than they can handle, and a lot bigger than fleas like Purdon.
A turning point came when the scumbags had to start reporting who they were giving shares to and why, along with the status - restricted or free trading. Then, even morons like us could understand that there wasn't really gold in the mine, oil in the wells, or weed in the ground, it was all a scam.
BTW the biggest losers are probably the Amatos in Hopland CA. Purdon promised them millions in operational startup costs for a 300 acre weed farm, they sold everything they had to put it into the venture (which it turns out always had been illegal anyways). Purdon does his bit and pulls the financing which was never there in the first place but it made for a nice pump and he could unload a pile of QEDN shares that he made out of thin air.
So the Amatos would be a prime candidate for sue-age, except the father got a DUI, a felony for hitting someone with a beer mug, and is probably rotting in a Mendocino County jail somewhere. Amato the son got arrested for operating an illegal pot farm.
So here's the secret - take money from losers and other crooks, they either don't have the wherewithal to or also have something to hide.
Mattuca didn't fit into those categories, that's why he's the one. You also notice that it took him 7 years to win, he probably had to spend a chunk of change on legal fees, and he probably won't see a dime because it's hard to get $$ from a pile of horse excrement.
Maybe the only thing that works is to change the environment in which these a$$holes operate by calling them out. Hard though, almost every one of the people who trade here are in on the scam, everyone knows it's all BS, and this is really a casino.
Yep - one of my all time favorites was the oil wells in Yoo-Krane. Billions and billions in the ground, guaranteed, just ask the Turdmann bros.
Wish I could help.... I don't know more than what's in the press releases. Purdon and Makmann screwed me some, time and energy more than $$, but my real beef with them has always been that they are the scum of the earth and they should be called out.
One is dead, the other is called out, so I don't have a lot more to say. I feel like I've done my part, kind of like a JV amateur version of Janice Shell.
Makmann is dead, no need to wait by the phone anymore.
President, CEO is dead, his partner convicted of fraud. Purdon. Raymond Purdon that is..... He was the money guy using Makmann as a shield. So dead and convicted are running things now.
Or not.
Only thing running is CEO, from the law.
Here to warn people against bailing you and Jelly out I guess
$0.00, on gray sheet soon. Guaranteed.
Here's a press release for you:
wingnutwire 9/13/16 for immediate release
-----------------------------------------------
Raymond Purdon, CEO of Genesis Electronics Group and Genesis Mining has been convicted of FRAUD in a St. Johns County Florida Court and ordered to pay $240,000 in restitution and an additional $100,000 in court costs.
In a statement, Purdon remarked that he would normally just spin up another BS press release and screw some hapless stockholders out of the money he needs to pay the fines, but he's run out of idiots stupid enough to believe any of his press releases.
Meanwhile screwed over investors are lining up with pitchforks outside the Red Bank Headquarters of Purdons fake VC company Grandview Capital Partners, aka 'the black hole where your money goes in but it never comes out'.
Jelly wins the Baghdad Bob Award.
Movement will be on to gray sheet.
F.R.A.U.D - get it? Guilty of FRAUD. That means it's all lies, just in case anyone needs an explanation.
#98, from 11/14/2013 is pretty good too. Looks like Purdon lied a lot. Soooprazzzz, Soooprazzz, Soooprazzz, in the words of the immortal Gomer Pyle.
Also looks like he screwed a LOT of people out of their hard earned moola. Not that there's any breaking news there.
Try this link:
https://doris.clk.co.st-johns.fl.us/BenchmarkWeb/Home.aspx/Search/
Click on Name, put in Purdon, Raymond
Answer the arithmetic question
Search
Scroll down to Case Dockets
Read all about the scumbaggetry
Court Docs are posted - #10 is kind of interesting.
See PLAINTIFF'S AMENDED MOTION FOR SANCTIONS AGAINST PURDON
Surprising Purdon isn't in jail for contempt.
Maybe that's on the way....
Full list is at the St. Johns Courthouse site
Scroll down to the Case Dockets section
Verdict is in....
Purdon is a POS
Purdon guilty of fraud, Makmann knew all about it. This POS is as much a fraud as GEGI, from the beginning.
This POS is also dead, dead,dead, dead, nobody is stupid enough to take on this mountain of debt.
Wonder how Makmann's kid is going to squirm his way out of this. He signed off on some financials that were pure BS.
Purdon cleaned out the Amatos with the QEDN/Emerald Med Farms scam a while back. Destroyed them, actually. Any lawyers looking for victims might want to look them up.
So he cleaned his wife out.... what a coward POS scumbag Purdon is, and nobody is surprised.
Makmann is dead, Purdon guilty of fraud. Wonder how the Amato clan is doing out there in WeedLand USA - I bet there are some lawyers who would like to hear their story.
Congratulations, and thank you for the effort you've put in. Couldn't have happened to a bigger scumbag. RIP Makmann, rest in poverty Purdon. McDonalds is hiring.
Nevada Business License revoked. Hard to do business without a license.
Purdon got kicked out of them flats. Then he went all Mike Tyson on the marriage partner, according to legend.
Soon you will be able to declare a loss on your tax returns, that's all this 'stock' is good for.
QEDN OBIT only employee is dead. Charts don't matter.
Attract, kill, EAT!, repeat. Squirrel hunting with SachaNuts!
That makes you one of the scammers.
NEWS! Jelly donuts cause brain damage.
They're selling stop signs on otcmarkets
# of living people running QEDN -> 0.
The only Chart that matters.