https://www.youtube.com/watch?v=xLpfbcXTeo8
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I always await the "let's all pull our certs" death throe on these pennyscams.
Then followed by the never-ending search for the mythical NSS until the message board slowly dies down after the pennyscam stock no longer has a bid - just like CMKX (where Krazy Al Hodges filed NSS lawsuits in federal court, sued the SEC and SEC personnel in a Bivens claim and in all of them he gott tossed ~OUTT on his arse each time) or SPNGQ or CSHD or GECC or hundreds of other pennyscams.
Let's start the countdown to the "let's all pull our certs" moment in NTEK:
10...
9...
8...
"But, time is a factor for me right now."
Why is that? The SPNGQ SOLs have all long since passed and there is no presentation of any claim to KBIO that would be time-barred by an SOL for quite a long time, as the underlying fraud just occurred in October-December 2015.
There is no rush here.
So what's the time factor, Jay?
LOLOLOL!!!!
NTEK FINRA total short interest
Dec 15, 2015 34,988
http://www.otcmarkets.com/stock/NTEK/short-sales
Whoops - oops!!!!
Don't worry, Alan, there are still over 1.7 BILLION issued shares available for borrow if one wishes to short this scam.
And another 12.5 million added weekly.
Joel Stein needs to find a secretary who knows how to set margins in Word (or WordPerfect at least).
That is a very unprofessional document. It looks like a hyper-verbose sixth-grader's essay that is limited to 3 pages by the teacher.
Jeebus, as log as he goes to 4 pages to squeeze in the signature line, he may as well use some decent margins (including upper margin), a larger type size, and space his text ~OUTT to use the 4 pages.
Bad form, at best.
"The court denies without prejudice Mr. Greebel's general request to travel within the continental United States for unspecified "personal and professional reasons."
LOL!!! What a maroon. Why nott just go whole-imbecile and request his passport back and open-ended travel to the Caribbean, South America, Dubai, Southeast Asia, Vanuatu, Nevis, the Cook Islands, Mauritius, Mongolia, and Madagascar for unspecified personal and professional reasons.
Maybe he wants to pitch his legal services to El Chapo in Mexico. That could be a persuasive argument to the court.
If Greebel is nott already on mind-altering drugs, then he should be.
Relax! The January Shareholder Letters are "shipped into the retail channel".
They'll be turning up with the 60,000 NP-1s any day now real soon like - no really - seriously.
Nott Kidd-ing here.
Honest engine (SICk).
No joke. They inna "retail channel" and can be picked up at Best Buys as soon as the BB associates finish their 4 month "January Shareholder Letter" training.
Proxies? Those are already on the ship from China and should be here very, very soon once FoxConn finishes final inspection of them.
Back to Da0.003s with Da0.002s and lower coming. And a REVERSE SPLIT.
Any new flicks loaded on UF recently? Any at all in January?
Whoops - unable to pay the MINIMUM ROYALTIES again? $2500 per title to Paramount.
Oh well, they can always yearn back to the Interstellar daze and paying $700,000 to generate 165 total rentals (GROSSING $1,648.35) with 25 of those rentals coming from the same exact IP address.
Minimum royalties of $2500 per Paramount title. That's a LOTT of rentals at 99 for $9.99 and the non-existent $10 UF gift cards - for which UF still has to PAY for the rental on if it exceeds the $2500 per title minimum, even though it gets NO income at all from a gift card and less from a "99 for $9.99" that it has to pay per viewing in royalties to Paramount.
And ... that's why there are no $10 gift cards. I axed again at the East Palo Alto Best Buy and nobody there had heard of UF and even after Czeching with management by phone, nobody heard of any $10 UF gift card.
It's the Spongetech business model of buying a sponge for $6 and selling it for $3 and making up the losses in volume. UF's sponges are views of old movies.
Oh well, maybe for Superbowl Sundae - when UF livestreams the 49ers' pep rally!
Here is the CORRECTED version of Omnivance Danny's Diss-Claimer:
"Never invest in NTEK stock unless you INTEND to lose your entire investment. Omnivance Advisors is typically compensated by client companies with restricted shares of stock which DOES cause a conflict in interest AND DANNYBOI TO ISSUE A SHT-TON OF LIES."
FIXED.
(No charge, Dannyboi. This is a freebie for ya. Enjoy the freebie, since you'll be paying legal fees ~OUTT your keister when the SEC complaint is filed and you're a named defendant, bro.)
"It was an issue on their end."
LOL!!! How UTTERLY RIDICULOUS!!!
Did the accountant lose his pocket calculator? Excel spreadsheet crashed on his only notebook computer?
Couldn't find the non-existent NTEK and NTGL 'records' - like the back-dated floorless CONvertible notes to DaFoley's FS Global Capital and Royal Capital Group?
Because NTGL, as a business unit of NTEK prior to sale to NTGL, tracks ALL of its financial records and basis to NTEK's records. Whoops-ooops!!!
I guess the accountant had an "issue" with booking share sales as "Sales-Media" at NTEK and NTGL reporting an entire expenditure for three months of well under a grand - TOTAL.
Yes, now we can see the ISSUES that the accountant had prollems with.
Including all the ISSUES of shares to DaFoley - including the HVEL shares he was issued - FREE TRADING UPON ISSUANCE.
Ooops-whoops!!!
Securities fraud is fun!!!!!!!!!!
What? No update on the 49ers' pre-game pep rally that was supposedly SIGNED back in Sept?
Nott even a 'forward-looking' update on that, with the SooperBowl looming in two/too/to weeks???
Oh wait, that was just more 'forward-looking' nonsense from September, now forgotten and replaced with NEW, SHINY 'forward-looking' statements.
What needs to be "tested' in Canada or Spain? The internet is the same in those countries as in the USA. They are nott North Korea.
What's the 'test', Danny?
Here, lemme hepp you: go Czech into a hotel in Toronto or Valencia and log-on to the hotel WiFi. Try to stream UF. Guess what: it works EXACTLY like it does in Alpharetta or North Ogden (unless the hotel had porn-blocking software to prevent logging on to UF's porn server - as UF is hosted on a blacklisted porn server).
So what's the 'TESTING' that's goin' on, Dannyboi?
Yeah, you gott that wrong. The DOJ had to ask the court to grant leave to travel for Marty. Just as I stated.
And one doesn't "squash" a subpoena, one moves to quash it.
And you cannot move to quash a Congressional subpoena, as it doesn't come from the judicial branch. Well, I suppose you could move for it, but an Article III court likely would nott quash a Congressional subpoena.
As I've stated before, a Congressional subpoena is NOT a court subpoena. It comes from the legislative branch, nott the judicial branch nor the executive branch and it does nott arise from a pending court action (i.e, drug pricing does nott arise from Marty's fraud case for Ponzi scheming).
So there's that.
Thanks for the 'advice' though! :)
Perhaps you can give us your opinion of Vosburg v. Putney or International Shoe also?
Any claim of a BUYBACK is BALONEY and BOOLSHEET - and the TA share structure updates PROVE that FACT!!
BAM!!!
The OS and FLOAT keep on GROWING every update. Every single time!
This PROVES that the total BOOLSHEET about some mythical buyback is pure horsesheet.
BAM!!! FACT!!!
Welp, I mentioned this was a course of action open to the US Atty.
See in RED.
Back to Da0.003s with Da0.002s coming up very soon. AS max-doubt and the R/S in the loading tray.
Even BIG Bennie Blankenship has admitted this.
DaFoley's Royal Capital Group has to keep CONverting and dumping to fund this scam.
DENIAL IS FUTILE.
"TOO much sun in California."
Not in the City (SF), Tiburon, Sausalito, South City (SSF), San Bruno, or Pacifica - the fog blows through there almost every day - especially in the summer from about 2-3PM through the evening as the marine layer is sucked in through the gaps in the coastal range and also the Golden Gate. Worst place is in Daly City on 280 heading to Pacifica -fog getts so thick you can't see the car in front of you - or even your hood ornament sometimes.
The KBIO building on Gateway in SSF is right in the heart of the fogline.
Too much sun will NOT be a problem.
Plus ghost CEO Adam Carter is likely to be hiding in one of those fog banks.
If you are ever too hot and sun-stroked on the Peninsula, a 20 degree temp drop and fog is usually only 15-25 miles away. Skyline College and the cross of Sharp Park Rd. and Skyline is always a good place to be fogged out in the morning or mid-afternoon to dark.
The Central Valley heat in the summer causes the air to heat and rise, sucking in the cold marine layer from the ocean and it comes through the gaps in the coastal range as thick fog and cold, very windy winds from the west. We call it nature's air conditioner.
Plus, as I've stated, there are plenty of real, abandoned gold mines in the Gold Country just a few hours drive away - where "Adam Carter" may be prospecting for now gold mines for CRGP.
And as for great Italian and Chinese restaurants - well, they're all over. From the KBIO offices on Gateway, it's a short drive to SSF's Bertolucci's or a bit longer drive to North Beach. Nott to far to Van's or the Hong Kong Flower Lounge either.
I can see CONsolidating CRGP with KBIO and taking an office in one f the Gateway complex office buildings to run the scams from there. It's a good pivot point - SFO right there, short drive to The City, short drive to Peninsula points, short drive to the San Mateo bridge if one ever has a need to go to the East Bay (why that would be necessary, IDK, the only thing there is the San Leandro gun store which sells a lott of cheap surplus ammunition, butt I think they closed down in the last few years).
And plenty of fog - both real and metaphorical - for any pennyscam CEO or student of law. Sun is nott a prollem - just go five miles north or south and determine if you want full sun or overcast with fog much of the time. If you want 100 percent fog, set up in the Manor Drive area of Pacifica.
What happened to going to Vermont and reading the law and then sitting for the VT bar exam?
That sounded like a really good plan (at least after the snow clears).
OTOH, come ~OUTT to sunny, warm California. I'm sure the Brenner Group will sublet you some office space previously occupied by KBIO.
Heck, you might even be able to rent Shkreli's old CEO office there (although the miscreant prolly never actually occupied it).
Call Herb Cross - he knows the guys at the Brenner Group and he can prolly gett you a good, sub-market rate for the office. Plus you'd have access to any on-site KBIO files as a kicker.
If you want to see snow, it's a 5 hour drive to Tahoe and the ski resorts (unless you gett caught in bridge traffic during a commute time).
Who knows - maybe CRGP's ghost CEO "Adam Carter" is working at one of the ski resorts - maybe Sugar Bowl, Alpine Meadows, Heavenly, or Squaw. Plus there are plenty of gold mines - real ones, just shut down - all along Hwy 49 north and south on the way. Could be a good sidetrip to find "Adam".
Once more, in a friendly intent to correct:
http://lawgeekdownunder.blogspot.com/2011/02/subpoenas-and-other-miscellaneous.html
"Adam Carter" is a fictional person who is likely subject to several subpoenas.
"What "good things"? New product? New technology? This company hasn't acquired or created anything new since 2013."
Still no answers to these basic questions.
No surprise. There is no investing thesis here that can be detected.
"But, time is a factor for me right now."
Why is that? The SPNGQ SOLs have all long since passed and there is no presentation of any claim to KBIO that would be time-barred by an SOL for quite a long time, as the underlying fraud just occurred in October-December 2015.
There is no rush here.
Where's the damn CEO?
Nicobar and Andaman Islands? Mauritius? At the Motorola pager lab working on streaming Nicobar and Andaman Island cricket scores to pagers on Mauritius?
Developing new technology at the Heartbreaker's Gentlemens' Club in the VIP room?
Data Cult's disruptive technology breakthrough of streaming cricket scores on the coming wave of pagers that will replace smartphones in Mauritius
If the gubmint jailed everyone who was in contempt of CONgress, there'd be about 335 million Merrikuns in prison already.
I have nothing BUTT contempt for CONgress and the President+executive branch.
I'd be doing life + 250 years - at a minimum.
Bennie's drivel was posted yesterday. His NTEK R/S admission was posted if that's what you mean - on one of his FB pages for NTEK investors. It was also on the outerwebs last night then deleted.
I have no idea where he dribbled. He did mention a kidney stone.
The latest poop from BIG Bennie Blankenship, paid pennystock promoter for NTEK, admitting the NTEK R/S is teed up:
And then give them a tip of the tinfoil hat.
Marty is insane enough without him having to spew that pure garbage to discredit himself even further.
He doesn't have to go FULL CMKX CLOWNSHOW and chase imaginary NSS unicorns and advise everyone to buy the Iraqi Dinar while the Worldwide NSS Conspiracy finalizes a settlement with Crazy Al Hodges and his NSS claims (which were ALL thrown ~OUTT of every court he pitched them to).
Just sit back and await the multi-quadrillion Dollar worldwide settlement packages that will be arriving as soon as Queen Elizabeth, the Vatican, and Janet Yellen sign off on the settlement.
Wow - just wow!
One of my favorite Jail posts of all time:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94358913
To be followed by:
I kinda miss DaFoley's late-night, drunken rants he sent to me. He made soooo many lies in those PMs - specifically denying that he or DaFoleyCrimeFambly had ANY relationship, ownership interest, or link to FS Global Capital, denying that his tweet showing a Foxconn box was a prop and claiming the warehouse was packed full of boxes of NP-1s that were "manufactured" by FoxCONn, and then his obviously inebriated rambling, misspelled rants, insults, and yelps were always entertaining.
DaFoley really does need those three years of court-ordered mental health treatment before he goes back into DaJoynt for his securities fraud extended stay.
LOL - and when nobody could find the 60,000 NP-1s that were "shipped into the retail channel" according to Lorraine Cullivan-Foley (who cut-and-pasted the IR responses from david@hyperware.com) - because they never existed - NTEK via DaFoley lied again and claimed they were all sold overseas!
Nobody slices the baloney like DaFoley.
You are correct sir, the pic posted of Kruse Dr, does appear to be a 350Z.
What "good things"? New product? New technology? This company hasn't acquired or created anything new since 2013.
Are the Nicobar and Anadaman Island cricket scores coming to Motorola pagers in Mauritius? Is that the new "good things" that are being waited for by long-suffering common shareholders?
Have smartphones now become obsolete so people will be craving to see the latest bowling scores on the Burger King sign?
Please explain the new breakthrough tech that will propel this tired old story?
That's a Lambo, nott a Maserati.
Lamborghini has that distinctive side window shape.
Definitely NOTT a Maserati.
There is no court order requiring Marty to go to DC. Congress is nott a court. There also is no "production" re: Congress as Congress is nott a party to a lawsuit naming Marty in which evidence production would be relevant.
CONgress could GO to a court and ASK them for a court order. Butt CONgress itself cannot issue a court order.
CONgressional subpoena is NOTT a court ordered subpoena.
No it doesn't depend upon the question he is asked. That's wrong.
It only depends upon what he may have to state in an answer.
For example:
Question: "When and with whom did you formulate the drug price plan?"
Answer: "It was on December 24th with Bob and my lawyer."
Problem - he's now admitted that he saw his lawyer on the 24th, which may be a material fact to his pending case that tends to incriminate him.
Let's go on:
Question: "What did you guys discuss on the 24th?"
Answer: "My lawyer told me his advice was to nott raise prices too high or I may be violating an antitrust law."
Problem - Now Marty has blown his attorney-client privilege GENERALLY potentially for ALL communications he had with that lawyer - on all occasions and all subject matters - including his PENDING criminal case and potentially future court and administrative law cases. Even those which have no relation whatsoever to drugs.
I can go on - and on with more examples.
"Evidently the committee has threatened him with criminal contempt"
LOL! Yeah, and I'll bett the sergeant-at-arms will be going to NYC and transport him to DC contrary to the court-ordered bail restrictions too.
CONgress is full such threats. Ask Lois Lerner (which would be my Twitter reply if I were Marty and mouthy).
"(something, something) sound and fury. Signifying nothing."
Hell, I'm in contempt of CONgress. CONgress is contemptable.
If I were Marty and a yapper, I'd Tweet "Lois Lerner" in reply and post it on Cummings' Twitter account.
(Note - I have no idea how Twitter works and I don't tweet, butt I believe one can reply to a tweet and it appears on the other person's twitter page, correct?)
"They could, but he says he will invoke the 5th. Not that it really applies here, his criminal case has nothing to do with raising drug prices."
Pending legal claims and the scope of the hearing are nott the factors in determining use of the Fifth Amendment.
Anything Marty says in the hearing may give rise to entirely new charges or to subject matter that might be useful in either an existing or new prosecution - in Federal and/or state courts. He might incriminate himself to almost anything by answering a question that seems limited to drug prices. He may make a statement that blows his attorney-client privilege broadly.
Marty is exactly correct - regardless of the subject matter and regardless of his current (pending) criminal case, he STILL has the right to invoke his Fifth Amendment right to remain silent.
"So now will the Congressional committee hold him in contempt?"
How's Lois Lerner doing these days? If she hasn't been held in contempt, there is no basis to hold Marty either.
I am not aware of any mandatory legal authority that requires Shkreli to request the court grant him leave to travel to DC to testify.
Cummings letter simply states that "it is his responsibility to take reasonable steps to comply".
Really? Then have the executive branch, through the US Attorney in the pending criminal case make the motion to the court to allow Shkreli to travel to DC. Shkreli can oppose the motion if he wishes - he can offer a variety of assertions in opposition.
For example, he can state that travel to DC to appear at a highly partisan adversarial hearing in which he believes he would be humiliated - resulting in uncontrollable mental distress that he believes may cause him to violate provisions of his bail - such as an emotion-induced action to flee the country or go underground and avoid appearing for his NY trial. This is an extreme example, butt it would put the court in an odd position of granting leave to travel in the face of opposition from the defendant.
I'm nott aware of any statutory or caselaw authority requiring Shkreli to affirmatively request a leave to travel. Perhaps there is such caselaw - I'm nott a criminal lawyer, so maybe there is such authority. If so, it's odd that Cummings didn't cite that in his letter.
I suppose we'll find ~OUTT in the next week or so.
I'd absolutely stick to my Fifth Amendment protections - especially if it is an open hearing. Offers of immunity be damned. The Congress cannot grant immunity from state court actions - so there is that aspect of testimony which can be relevant to state court prosecution(s) that CONgress cannot grant immunity for.
Further, there is a serious Constitutional question about Congressional grants of immunity in general, even as to Federal prosecution - to say nothing of tainting the juror pool by such appearance in Congress.
http://volokh.com/posts/1177539284.shtml
Losing money is as easy as falling off a LOGG. Or buying/holding it.
Kwick kwestshuns for Integral:
Corporation A acquires 70 percent of the common stock of Corporation B and 100 percent of the preferred stock that has voting control of Corporation B. Twelve months and a day later, Corporation A (presumably an affiliate or Corporation B based on both control and percentage of share ownership?) wants to monetize their share holdings in Corporation B (a non-reporting corp which remains current in its OTCMarkets information).
1) If Corp A sells any of its shares in Corp B in a private transaction, there is no tacking as Corp A is an affiliate at the time of transfer (even though Corp A's 12 month holding period has been fulfilled) - correct? The purchaser would have to wait another 12 months (assume a non-reporting corp) si o no?
2) After 12 months, Corp A can sell its common shares of Corp B into the market under Rule 144, but it is subject to the volume restrictions as long as it has (a) voting control over Corp B or (b) 10 percent or more ownership of Corp B common stock - correct?
3) Are volume restrictions based upon each class of stock or total voting capacity of the shares held (e.g., the 10% is based on votes or voting shares?) such that Corp A may at some point own less than 10 percent of common, butt by virtue of holding preferred shares still be subject to the volume restrictions for sales of common shares?
Thanks en ante.
"You should do some additional DD on shorting and naked shorting to understand just how easy and frequently it is done."
Uh, yeah, except that statement is pure idiocy; so there's that.