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Page 13
On October 31, 2017, the Company approved the authorization of a 1 for 1,500 reverse stock split of the Company's outstanding shares of common stock. The Company's financial statements have been retroactively adjusted for this stock split for all periods presented.
https://ih.advfn.com/p.php?pid=nmona&article=76094376
Pending Litigation
On September 13, 2017 Alpha Capital Anstalt and Brio Capital Master Fund, LTD two minority members of a group of investors in the Company filed a lawsuit seeking damages and injunctive relief in the United States District Court for the Southern District of New York claiming that the Company breached certain Note and Warrant agreements among the parties to the action. The holders of the majority of the investment involved in the above lawsuit chose not to join in the lawsuit and have informed the Company that they believe the lawsuit to be baseless. The Company believes the lawsuit is without merit and is aggressively defending against it. The litigation is currently in its preliminary pleading stage and the Company is seeking to have the injunctive counts of the lawsuit dismissed for failure to state a cause of action.
So a company with a $1.5 million judgmenent against it
is going to merge with a shell that has a $500,000 judgment against it and they'll all live happily ever after?
Me thinks that after the reverse split, Tubby Altounian will end up with a couple hundred grand to send his daughters on holiday overseas again and the hapless real estate developers will be left holding the bag (answering to the US Trustee)
10Q due Wed
$CETX @Scamtrex CEO Sugar Govil, credits intense fraud of products and services in fast growing stock promotion and phony auditors with the company’s 585 % revenue growth. "We are extremely proud to be on the DeTox Fraud 500 List for the 4th time since 2012.
Univec has not sent out a PR in 7 years
Look at the bottom of the PR's mentioned. It says the source.
Dalton has skated several times with those around him having serious legal issues. He's not going to put out PR's. Only cryptic comments via his cellphone
Seethruequity's CEO
Ajay Tandon was a former pennystock scammer himself. HIs attorney, noted fraudsters Anslow & Jaclin
https://www.sec.gov/Archives/edgar/data/1606736/000114420414044791/v384626_s1a.htm
R/S being voted on next week
So the pump story in this case
is making the marks believe they own land being sold in bankruptcy, when in actuality the marks own shares in the bankrupt company about to lose it's land.
Slick
Henderson, NV, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Wowio, Inc. (OTC Pink: WWIO) “WWIO or The Company” has entered into an agreement for its wholly owned subsidiary to purchase 100% of the issued share capital in BLRR Corp., subject to current debt. BLRR Corp. owns the membership units of Pyjke Company One, LLC., the owner of an 11.2 acre real estate site in Huron, Northern California.
WWIO didn't buy a property in bankruptcy
They bought SHARES in a bankrupt COMPANY. (See PR below) Shares that will become worthless when the bank auctions the property
As for toxic lenders, the WWIO is an UNlicensed toxic lender himself. California CEASE and DESIST order against him
Anthony L. Anish
http://www.dbo.ca.gov/ENF/pdf/2010/MoneyLineCapital_dr.pdf
Henderson, NV, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Wowio, Inc. (OTC Pink: WWIO) “WWIO or The Company” has entered into an agreement for its wholly owned subsidiary to purchase 100% of the issued share capital in BLRR Corp., subject to current debt. BLRR Corp. owns the membership units of Pyjke Company One, LLC., the owner of an 11.2 acre real estate site in Huron, Northern California.
Seems like he preys on the unsophisticated and financially troubled investor
No wonder he found the OTC and WWIO. Brian Altounian and WWIO have judgements and IRS liens up the wazoo
A dormant ticker that traded 4 Billion shares in 2 weeks
They bought shares in a BANKRUPT company
samsamsamiam Thursday, 11/09/17 09:28:33 AM
Re: stockmasterflash post# 129204
Post # of 129206
PYJKE Company One, LLC.
ACTIONS SUBSCRIBE TO THIS CASE
COURT
California Central Bankruptcy Court CASE NUMBER
8:17-bk-10812 TYPE / CHAPTER
Voluntary / 11
Mar 3 1 Petition Chapter 11 Voluntary Petition Non-Individual. Fee Amount $1717 Filed by PYJKE Company One, LLC. (Berger, Michael) (Entered: 03/03/2017)
Mar 3 2 Corporate resolution authorizing filing of petitions Filed by Debtor PYJKE Company One, LLC.. (Berger, Michael) (Ente
https://businessbankruptcies.com/cases/pyjke-company-one-llc
======
DAN PIKE IN TEHACHAPI, CA
Dan Pike is listed as an Officer with Pyjke Company One LLC in California. The address on file for this person is 26081 Wilderness Way, Tehachapi, CA 93561 in Kern County
======
https://www.corporationwiki.com/p/2emsrn/pyjke-company-one-llc
California guys
Whats your take on this deal? WWIO is a failed comic book ticker with multiple current lawsuits and judgements against it. This guy "Tony" supposedly bought the shell
WOWIO, INC. Acquires Land to be developed into low cost housing in Northern California
Print
November 09, 2017 06:30 ET | Source: Wowio, Inc.
WOWIO Continues to Build its base of new Businesses
Henderson, NV, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Wowio, Inc. (OTC Pink: WWIO) “WWIO or The Company” has entered into an agreement for its wholly owned subsidiary to purchase 100% of the issued share capital in BLRR Corp., subject to current debt. BLRR Corp. owns the membership units of Pyjke Company One, LLC., the owner of an 11.2 acre real estate site in Huron, Northern California. Phase I will result in the development of 30 low cost homes that are desperately needed in the Huron area. Phase 2 will result in another 20 homes. The cost of the development, outstanding real estate loans and repayment of a grant for infrastructure provided by the California Department of Housing and Community Development will be paid back as the homes are sold. The first thirty homes will sell for between $220,000 to $240,000 following USDA appraisal guidelines for that area and our developer believes that EBITDA will be between 15 and 20% of the sale price. Our goal is to commence building in the second quarter of 2018.
There are some issues outstanding on this development and currently there is a lawsuit between the City of Huron and Pyjke Company One, LLC which we are confident can be negotiated amicably.
Tony Anish, CEO of Wowio, Inc. stated; “This is the second step in our growth phase. We are trying to get our cash flow working positively, to take the steps necessary to bring all the 10-Qs and 10-Ks current quickly and to clean up past debt. Our overall plan is to improve shareholder value by acquiring businesses that can grow profitably under the new management team”
About Wowio, Inc.
WOWIO, Inc., has in the past been a digital media and technology development company with a patented process and a proprietary mobile ad-delivery platform that planned to disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: ad-supported eBooks.
However, with the introduction of the new management team, WWIO will be a holding company supporting a number of investments in entertaining, restaurants, tourism and other businesses including housebuilding in Northern California and the development of property in Arizona.
Safe Harbor and Informational Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
For more information contact
Anthony L. Anish
tony@nmfsi.com
This one seems to be on auto update
TA SS gets "updated" on a daily basis. I doubt the TA actually does this physically
https://www.otcmarkets.com/stock/UNVC/profile
In actuality, it was a dormant ticker since 2011, but suddenly came to life with a promotion. SS only actually changed once so far, from 200 mil to 1.xx Bill.
These are the upstanding citizens behind it.
Corey Ribotsky
UNVC's lender convicted of fraud by the SEC
https://www.sec.gov/litigation/admin/2013/ia-3730.pdf
Bobby Cohen, onetime UNVC board member laundered Ribotsky's proceeds
http://www.teribuhl.com/2015/02/13/sec-knew-collecting-14-5-mn-hedgie-ribotsky-fine-would-fail/
Michael Xirinachs of Emerald Capital Parners LP 10% owner of UNVC busted by the SEC TWICE
http://sharesleuth.com/short-takes/2013/02/ex-rockwell-medical-consultant-implicated-in-new-fraud-scheme
Anslow & Jaclin UNVC's corporate attorney busted for pumping and dumping worthless shell companies
https://www.sec.gov/news/pressrelease/2016-86.html
https://www.law360.com/articles/897360/law-firm-securities-chief-can-t-ditch-sec-s-shell-co-suit
According to the SEC’s complaint filed in federal court in Los Angeles:
Husain and Jaclin created nine shell companies and sold seven using essentially the same pattern.
Husain created a business plan for each company that would not be implemented beyond a few initial steps, and then convinced a friend, relative, or acquaintance to become a puppet CEO who approved and signed corporate documents at Husain’s direction.
Jaclin supplied bogus legal documents that Husain used to conduct sham private sales of a company’s shares of stock to “straw shareholders” who were recruited and given cash to pay for the stock they purchased plus a commission. Some of the recorded shareholders were not even real people.
Husain and Jaclin filed registration statements for initial public offerings and falsely claimed that a particular business plan would be implemented. Deliberately omitted from the registration statements were any mention of Husain starting and controlling the company.
Husain and Jaclin filed misleading quarterly and annual reports once a company became registered publicly, providing much of the same false information depicted in the registration statements.
Husain obtained about $2.25 million in total proceeds when the empty shell companies were sold, and Jaclin and his firm received nearly $225,000 for their legal services.
When a dormant ticker suddenly trades a billion shares per day
are they going to say "wheres the evidence of the promotion"???
I've had 2 tickers do that in the last couple months. Completely dormant and then one day billions of shares and thousands of iHub messages.
No evidence of a promotion though
Major Customer - Certain Relationships and Related Transactions
For the year ended December 31, 2006, our largest customer, Pharmacy Services, Inc., a company owned and operated by Dr. David Dalton, our President and Chief Executive Officer, purchased goods and generated significant revenues from PPSI’s GPO. We intend to reduce our reliance on this customer through expanding sales to other parties.
https://www.sec.gov/Archives/edgar/data/1029825/000121390007000682/f10ksb2006a1_univec.htm
Major Customer - Certain Relationships and Related Transactions
For the year ended December 31, 2005, our largest customer, Pharmacy Services, Inc., a company owned and operated by Dr. David Dalton, President and Chief Executive Officer, purchased goods and generated revenues of $40,605 from PPSI’s GPO. We intend to reduce our reliance on this customer through expanding sales to other parties.
https://www.sec.gov/Archives/edgar/data/1029825/000121390007000011/f10ksb2005a1_univec.htm
Major Customer
For the year ended December 31, 2004, our largest customer was a company owned by our chief executive officer. We intend to reduce our reliance on this customer through expanding sales to others.
https://www.sec.gov/Archives/edgar/data/1029825/000121390007000010/f10ksb2004a4_univec.htm
Crockett needs access to dirty money players
Paid Dalton by putting out a few PR's for Dalton to sell into (zero liability for Dalton) and Dalton introduces him to a lot of dirty money.
In the end, it means nothing for uNivec. Univec and its associated "subsidiaries haven't operated in years. Note the phone number is Dalton's personal cell phone.
Look at all the scumbags Dalton brought to Univec. Jaclin is the puppeteer
Corey Ribotsky
UNVC's lender convicted of fraud by the SEC
https://www.sec.gov/litigation/admin/2013/ia-3730.pdf
Bobby Cohen, onetime UNVC board member laundered Ribotsky's proceeds
http://www.teribuhl.com/2015/02/13/sec-knew-collecting-14-5-mn-hedgie-ribotsky-fine-would-fail/
Michael Xirinachs of Emerald Capital Parners LP 10% owner of UNVC busted by the SEC TWICE
http://sharesleuth.com/short-takes/2013/02/ex-rockwell-medical-consultant-implicated-in-new-fraud-scheme
Anslow & Jaclin UNVC's corporate attorney busted for pumping and dumping worthless shell companies
https://www.sec.gov/news/pressrelease/2016-86.html
https://www.law360.com/articles/897360/law-firm-securities-chief-can-t-ditch-sec-s-shell-co-suit
According to the SEC’s complaint filed in federal court in Los Angeles:
Husain and Jaclin created nine shell companies and sold seven using essentially the same pattern.
Husain created a business plan for each company that would not be implemented beyond a few initial steps, and then convinced a friend, relative, or acquaintance to become a puppet CEO who approved and signed corporate documents at Husain’s direction.
Jaclin supplied bogus legal documents that Husain used to conduct sham private sales of a company’s shares of stock to “straw shareholders” who were recruited and given cash to pay for the stock they purchased plus a commission. Some of the recorded shareholders were not even real people.
Husain and Jaclin filed registration statements for initial public offerings and falsely claimed that a particular business plan would be implemented. Deliberately omitted from the registration statements were any mention of Husain starting and controlling the company.
Husain and Jaclin filed misleading quarterly and annual reports once a company became registered publicly, providing much of the same false information depicted in the registration statements.
Husain obtained about $2.25 million in total proceeds when the empty shell companies were sold, and Jaclin and his firm received nearly $225,000 for their legal services.
Could be sorted out in an instant
But deadbeat Dr Dalton prefers to have a lien put on Univec
in addition to $126,000 lien by Eastern Saving bank
$88,000 to the internal revenue service
$200,000 to Cory Ribotsky via PWC
Ever look to see who Physicians Pharmeceutical and Health resources biggest customers were before they dissolved? Univec. Except Univecs only customers were Health Resourses and Physician Pharmeceutical
Me thinks the Doctor is going to try the same scam again. Except he's got a track record this time
David Dalton personal bankruptcy
Address in the bankruptcy case matches the address from his employment agreement
Bankruptcy case was dismissed because Dalton refused to provide his tax returns to the trustee (and UNVC, while in default to Corey Ribotsky, received another $60,000 loan from Ribotsky)
employment agreement
http://www.sec.gov/Archives/edgar/data/1029825/000112528202001107/b317504_ex10-10.txt
To the Company: Univec, Inc.
22 Dubon Court
Farmingdale, NY 11735
To the Executive: Dr. David Dalton
10 East Baltimore Street
Suite 1404
Baltimore, MD 21202; or
38 Stags Leap Court
Baltimore, MD 21208
CLOSED, DISMISSED
U.S. Bankruptcy Court
District of Maryland (Baltimore)
Bankruptcy Petition #: 10-16872
Assigned to: James F. Schneider
Chapter 13
Voluntary
Asset
Debtor disposition: Dismissed for Other Reason
Date filed: 03/30/2010
Date terminated: 06/23/2010
Debtor dismissed: 06/01/2010
Case Administrator: Gina Dickerson
Team Phone: 410-962-0794
Debtor
David L. Dalton
38 Stage Leap Court
Pikesville, MD 21208
BALTIMORE(COUNTY,NOT CITY)-MD
SSN / ITIN: xxx-xx-3266
represented by David L. Dalton
PRO SE
Trustee
Gerard R. ^tVetter
100 S. Charles Street, Suite 501
Tower II
Baltimore, MD 21201-2721
(410) 400-1333
Fax : (410) 400-1301
06/01/2010 23 Order Dismissing Case because of failure to provide tax documents and payment advices to the Trustee . (Matthews, T) (Entered: 06/01/2010)
Corey Ribotsky
UNVC's lender convicted of fraud by the SEC
https://www.sec.gov/litigation/admin/2013/ia-3730.pdf
Bobby Cohen, onetime UNVC board member laundered Ribotsky's proceeds
http://www.teribuhl.com/2015/02/13/sec-knew-collecting-14-5-mn-hedgie-ribotsky-fine-would-fail/
Michael Xirinachs of Emerald Capital Parners LP 10% owner of UNVC busted by the SEC TWICE
http://sharesleuth.com/short-takes/2013/02/ex-rockwell-medical-consultant-implicated-in-new-fraud-scheme
Anslow & Jaclin UNVC's corporate attorney busted for pumping and dumping worthless shell companies
https://www.sec.gov/news/pressrelease/2016-86.html
https://www.law360.com/articles/897360/law-firm-securities-chief-can-t-ditch-sec-s-shell-co-suit
According to the SEC’s complaint filed in federal court in Los Angeles:
Husain and Jaclin created nine shell companies and sold seven using essentially the same pattern.
Husain created a business plan for each company that would not be implemented beyond a few initial steps, and then convinced a friend, relative, or acquaintance to become a puppet CEO who approved and signed corporate documents at Husain’s direction.
Jaclin supplied bogus legal documents that Husain used to conduct sham private sales of a company’s shares of stock to “straw shareholders” who were recruited and given cash to pay for the stock they purchased plus a commission. Some of the recorded shareholders were not even real people.
Husain and Jaclin filed registration statements for initial public offerings and falsely claimed that a particular business plan would be implemented. Deliberately omitted from the registration statements were any mention of Husain starting and controlling the company.
Husain and Jaclin filed misleading quarterly and annual reports once a company became registered publicly, providing much of the same false information depicted in the registration statements.
Husain obtained about $2.25 million in total proceeds when the empty shell companies were sold, and Jaclin and his firm received nearly $225,000 for their legal services.
Complaint No: 001(BOYS' SCHOOL OF ST. PAUL'S PARISH, INC.) Vs:(DALTON, DAVID L )
Type: REGULAR CLAIM
Complaint Status: JUDGMENT IN FAVOR OF PLAINTIFF ENTERED
Status Date: 09/06/2017Filing Date:03/03/2017Amount$7337.02Last Activity Date:11/01/2017
Judgment Information
Judgment Type: AFFIDAVIT JUDGMENT ENTEREDJudgment Date:09/06/2017
Judgment Amount: $7,337.02Judgment Interest:$2,334.90Costs:$116.00Other Amounts:$0.00
Attorney Fees: $1,100.55
Name: DALTON, DAVID L
Connection to Complaint: DEFENDANT
Address: 38 STAGS LEAP COURT
City: PIKESVILLEState:MDZip Code:21208
Name: BOYS' SCHOOL OF ST. PAUL'S PARISH, INC.
Connection to Complaint: PLAINTIFF
Address: ST. PAUL'S SCHOOL
Address: P.O. BOX 8100
City: BROOKLANDVILLEState:MDZip Code:21022-8100
Type: CIRCUIT LIEN RECORDING FEEComplaint No.:001
Date: 10/12/2017Comment:CIRCUIT COURT LIEN RECORDING FEE ; ;REQ BY ATP
Type: CIRCUIT LIEN RECORDING FEEComplaint No.:002
Date: 10/12/2017Comment:CIRCUIT COURT LIEN RECORDING FEE ; ;REQ BY ATP
Type: LIEN OF JUDGMENT SENT TO CIRCUIT COURTComplaint No.:001
Date: 11/01/2017Comment:CC LIEN WAS SENT TO BALTIMORE COUNTY
Type: LIEN OF JUDGMENT SENT TO CIRCUIT COURTComplaint No.:002
Date: 11/01/2017Comment:CC LIEN WAS SENT TO BALTIMORE COUNTY
$UNVC Original Judgment
Case Number: 03C11005800
County: BALTIMORE COUNTY
Judgment Entered Date: 11/14/2014
Amount: $126,781.44
Book Page:
For:
Eastern Savings Bank
(AKA)Eastern Savings Bank F S B
Against:
Elbert, Michael D
Court System: Circuit Court for Baltimore County - Civil System
Case Number: 03C11005800
Title: Hofmeister, et al vs Elbert
Case Type: ForeclosureFiling Date:06/09/2011
Case Status: Closed/Inactive
Case Disposition: Decree or OrderDisposition Date:04/06/2017
Doc No./Seq No.: 68/0
File Date: 05/18/2017Entered Date:05/18/2017Decision:
Party Type: DefendantParty No.:1
Document Name: *Writ of Garnishment - Wages
Univec Inc garnishee
Doc No./Seq No.: 68/1
File Date: 06/05/2017Entered Date:06/06/2017Decision:
Party Type: GarnisheeParty No.:3
Document Name: Answer of Garnishee
Doc No./Seq No.: 69/0
File Date: 05/19/2017Entered Date:05/23/2017Decision:Granted
Document Name: Request for Order Charging Membership Interest of Defendant/Judgment Debtor
Michael D Elbert in Univec, Inc.
Doc No./Seq No.: 70/0
File Date: 06/28/2017Entered Date:06/28/2017Decision:
Document Name: Affidavit of Service
Served Michael D Elbert with Order Charging Membership Interest of Defendant/judgment Debtor Michael D Elbert In Univec Inc on 06/17/17
I can't wait
to see the SEC comment uploads. The SEC likely asking the obvious question.... Why would a KTCC shareholder participate in this exchange, when they could get twice as much value by selling KTCC shares on the open market and buying CETX stock on the open market even after taking into account the taxable nature of the transaction"
BTW, a stock for stock transaction is a NON taxable event. A CETX debenture exchanged for KTCC stock is FULLY TAXABLE for the KTCC shareholder. The KTCC shareholder having to pay $2 of capital gains tax immediately in return for a CETX promise to pay them $10 someday
ROTFL, yeah sounds like a BRILLIANT plan Saagar
KTCC shareholders and the SEC aren't as stupid as you seem to think they are
Zeller, Jessica<Jessica.Zeller@fda.hhs.gov> Thu, Nov 2, 2017 at 10:42 AM
To: ORA Ombudsman <ORAOmbudsman@fda.hhs.gov>
Reply | Reply to all | Forward | Print | Delete | Show original
Thank you for your e-mail. To date, the FDA has not approved a marketing application for marijuana for any indication. The FDA is aware that marijuana or marijuana-derived products are being used for a number of medical conditions. In late February 2015 and again in 2016 and 2017, FDA issued several warning letters to firms that market unapproved drugs for the diagnosis, cure, mitigation, treatment, or prevention of diseases. Some of these firms claim that their products contain cannabidiol (CBD), a derivative of marijuana. FDA tested those products and many were found to not contain the levels of CBD they claimed to contain and, in fact, no CBD was detected in some of them. The links to the test results for these products and copies of the Warning Letters issued to these firms can be found at the sites at the following links:
When a product is in violation of the FD&C Act, FDA considers many factors in deciding whether or not to initiate an enforcement action. Those factors include, among other things, agency resources and the threat to the public health. FDA also may consult with its federal and state partners in making decisions about whether to initiate a federal enforcement action.
Please let me know if I can be of further assistance.
Jessica L. Zeller, JD, MA
ORA Ombudsman
U.S. Food and Drug Administration
Jessica.Zeller@fda.hhs.gov
(844) 871-4536 (toll-free)
(513) 679-2777 (office)
(240) 535-6021 (mobile)
www.fda.gov/ORAombudsman
Zeller, Jessica<Jessica.Zeller@fda.hhs.gov> Thu, Nov 2, 2017 at 10:42 AM
To: ORA Ombudsman <ORAOmbudsman@fda.hhs.gov>
Reply | Reply to all | Forward | Print | Delete | Show original
Thank you for your e-mail. To date, the FDA has not approved a marketing application for marijuana for any indication. The FDA is aware that marijuana or marijuana-derived products are being used for a number of medical conditions. In late February 2015 and again in 2016 and 2017, FDA issued several warning letters to firms that market unapproved drugs for the diagnosis, cure, mitigation, treatment, or prevention of diseases. Some of these firms claim that their products contain cannabidiol (CBD), a derivative of marijuana. FDA tested those products and many were found to not contain the levels of CBD they claimed to contain and, in fact, no CBD was detected in some of them. The links to the test results for these products and copies of the Warning Letters issued to these firms can be found at the sites at the following links:
When a product is in violation of the FD&C Act, FDA considers many factors in deciding whether or not to initiate an enforcement action. Those factors include, among other things, agency resources and the threat to the public health. FDA also may consult with its federal and state partners in making decisions about whether to initiate a federal enforcement action.
Please let me know if I can be of further assistance.
Jessica L. Zeller, JD, MA
ORA Ombudsman
U.S. Food and Drug Administration
Jessica.Zeller@fda.hhs.gov
(844) 871-4536 (toll-free)
(513) 679-2777 (office)
(240) 535-6021 (mobile)
www.fda.gov/ORAombudsman
$649 and anyone can get an FDA lableler code
https://www.fdahelp.us/ndc-labeler-code.html
https://www.fdahelp.us/fda-labeler-code.html
What does UNVC bring to a "partnership"?
They have no plant
they have no equipment
they have no office
they have no phone
they have no products
***
They have an FDA labeler code which any company can acquire from the FDA for $600 ....BUT.....and FDA labeler code is meaningless for marijuana or cannibis products because marijuana is ILLEGAL under federal law, therefore a FEDERAL FDA labeler code does nothing for anything having to do with cannibis
What is the Impact of Washington’s Business Combination Statute on the Offer?
Because Key Tronic is organized under the laws of Washington, the state’s business combination statute (Wash. Rev. Code Sections 23B.19.010 to 23B.19.050) would apply to an acquisition proposal for Key Tronic. If Cemtrex acquires 10% or more of the outstanding shares of Key Tronic common stock in the exchange offer, the business combination statute would prohibit Cemtrex from engaging, for a five-year period following the consummation of the offer, in a merger or any other business combination with Key Tronic. However, this prohibition would not apply if any of the following occur: (1) Key Tronic’s board approves either the 10% acquisition or a proposed business combination, in each case before Cemtrex acquires the 10% interest, (2) a business combination following Cemtrex’s acquisition of 10% is approved by the Key Tronic board of directors and unaffiliated owners of two-thirds of the outstanding shares, or (3) on consummation of the offer, Cemtrex acquires at least 90% of Key Tronic’s shares outstanding at the time the offer was commenced. As a result of this statute, if Cemtrex does not acquire a significant interest in Key Tronic through this offer or otherwise obtain Key Tronic board approval, it may be restricted from engaging in a second-step merger with Key Tronic to remove shareholders who did not tender their shares in the offer. Additionally, if Cemtrex purchases further shares of Key Tronic common stock directly from its shareholders following consummation of the offer, the fair price provisions under Washington law may apply to these purchases. See “The Offer – Certain Legal Matters; Regulatory Approvals – Washington Business Combination Statute.”
What does the Board of Directors of Key Tronic Think of the Offer?
Key Tronic’s board of directors has not approved this offer or otherwise commented on it as of the date of this prospectus. Within ten business days after the date of this prospectus, Key Tronic is required by law to publish, send or give to you (and file with the SEC) a statement as to whether it recommends acceptance or rejection of the offer, that it has no opinion with respect to the offer or that it is unable to take a position with respect to the offer.
Have You Discussed the Offer with the Board of Directors of Key Tronic?
No, Cemtrex ha s not yet discussed the offer with the b oard of d irectors of Key Tronic. Cemtrex intends to communicate with Key Tronic management and seek to meet with its b oard of directors as promptly as possible following the commencement of this exchange offer. Cemtrex has requested that Key Tronic provide Cemtrex with the information required to furnish complete disclosure regarding the business, operations, financial condition and management of Key Tronic, but as of the date of this prospectus, no such information has been received.
FBEC's auditor
https://pcaobus.org/Enforcement/Decisions/Documents/105-2017-040-Pinaki.pdf
Don't expect financials anytime soon. Their previous scumbag auditor simply rubberstamped anything Grreen, Spatafora, Heimann, and Sand sent them
IAUS, Genoil, FBEC
https://pcaobus.org/Enforcement/Decisions/Documents/105-2017-040-Pinaki.pdf
17.
For the year-ended June 30, 2014, IA
US reported assets of $306,940, and
a net loss of $1.1 million. Ot
her than obtaining detailed general
ledgers for the operating
expense accounts for the cu
rrent and prior year, Respondents failed to perform any
procedures to determine whether the operat
ing expenses of $1,119,942 were properly
valued and recorded in the proper period. As
a result of this conduct, Respondents
violated PCAOB standards by fa
iling to obtain sufficient appropriate evidence to support
their conclusions regarding
IAUS' operating expenses.
30
18. IAUS reported preferred sto
ck of $470,264 as of June 30, 2014.
Respondents failed to perform any procedure
s to determine whether IAUS' preferred
stock balance existed and was properly val
ued. As a result of this conduct,
Respondents violated PCAO
B standards by failing to obt
ain sufficient appropriate
evidence regarding IAUS' preferred stock balance.
So Spatafora and Heimann hired a dirty auditor
then fled the scene leaving Greene to clean up the mess. LOL
(I thought Spatafora and Heimann were the ones supposedly cleaning up Scott Sand's mess??)
$CETX saagar can launder a lot of cash
With 30 Indian employees that only bring in $1.5 million between them.
Funny how CETX is perpetually making “acquisitions” which serve to obscure the failings of their underlying organic businesses. A/k/a ponzi scheme
a) so why bother announcing a LOI with an UNNAMED company other than to pump the stock. The dumb little kid doesn't realize this will tank the stock.
b) 30 "programmers" generating $1.5 million in revenue???? Wow sounds like a steal!
c) SEC & PCAOB has begun busting fake Indian Auditors
https://www.sec.gov/Archives/edgar/data/1311735/000168316817002783/fbec_8k.htm
PCAOB action against Pinaki and associates
auditor to FBEC: Jason Spatafora and Adam Heimann
ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On October 30, 2017, we dismissed Pinaki & Associates, LLC (“Pinaki”) as our auditor. We are seeking to hire a new auditor.
We dismissed Pinaki as our auditor because on October 26, 2017, the Public Company Accounting Board (“PCAOB”), took the following actions against Pinaki: (a) censured Pinaki; (b) revoked the PCAOB registration of Pinaki; (c) censured Pinaki Mohapatra, the managing partner/sole owner of Panaki; and (d) barred Panaki Mohapatra from being associated with a registered public accounting firm.
The audit reports of Pinaki on our consolidated financial statements as of and for the year ended December 31, 2016 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal year ended December 31, 2016, and through November 1, 2017, there were no: (i) disagreements with Pinaki on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Pinaki’s satisfaction, would have caused Pinaki to make reference to the subject matter thereof in its reports for such years; or (ii) reportable events, as described under Item 304(a)(1)(v) of Regulation S-K. The reports, however, did contain a going concern qualification.
We provided Pinaki with a copy of the disclosures it is making in this Current Report on Form 8-K and repeatedly requested from Pinaki a letter addressed to the Securities and Exchange Commission indicating whether it agrees with such disclosures; however, Pinaki failed to respond to our requests and we are unable to file such letter as Exhibit 16.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
FBEC Worldwide, Inc.
By: /s/ Jeffrey Greene
Jeffrey Greene
Chief Executive Officer
Date: November 1, 2017
https://www.sec.gov/Archives/edgar/data/1311735/000168316817002783/fbec_8k.htm
ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On October 30, 2017, we dismissed Pinaki & Associates, LLC (“Pinaki”) as our auditor. We are seeking to hire a new auditor.
We dismissed Pinaki as our auditor because on October 26, 2017, the Public Company Accounting Board (“PCAOB”), took the following actions against Pinaki: (a) censured Pinaki; (b) revoked the PCAOB registration of Pinaki; (c) censured Pinaki Mohapatra, the managing partner/sole owner of Panaki; and (d) barred Panaki Mohapatra from being associated with a registered public accounting firm.
The audit reports of Pinaki on our consolidated financial statements as of and for the year ended December 31, 2016 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal year ended December 31, 2016, and through November 1, 2017, there were no: (i) disagreements with Pinaki on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Pinaki’s satisfaction, would have caused Pinaki to make reference to the subject matter thereof in its reports for such years; or (ii) reportable events, as described under Item 304(a)(1)(v) of Regulation S-K. The reports, however, did contain a going concern qualification.
We provided Pinaki with a copy of the disclosures it is making in this Current Report on Form 8-K and repeatedly requested from Pinaki a letter addressed to the Securities and Exchange Commission indicating whether it agrees with such disclosures; however, Pinaki failed to respond to our requests and we are unable to file such letter as Exhibit 16.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
FBEC Worldwide, Inc.
By: /s/ Jeffrey Greene
Jeffrey Greene
Chief Executive Officer
Date: November 1, 2017
We know exactly what is going to happen.
The same thing that has happened to every other stock that Scott Sand and Gary Tilden control.
We saw in the last 10K that all saleable inventory has been sold. They have nothing else to sell and they have no money to build any new inventory.
The only thing left to sell is paper.
It's only current for another 3 weeks
Nov15 next 10Q is due. 5 days later, SIML is delinquent again