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Judge a person (Rik) by his CAPABILITIES, rather than his intentions.
Excluding the extremely serious SEC charges, we always had a ‘crystal ball’ regarding the future of NPHC. Rik is the CEO of : https://investorshub.advfn.com/GH-Solutions-Inc-GRSU-3388/
I believe:
1. All hope is lost, because there’s zero chance Smart Money will invest.
2. Rlk qualifies for an episode of American Greed.
3. Some still-hopeful shareholders exercise a cult mentality and may have serious gambling issues.
4. Lesson learned: Dig beyond the Stickies.
Thinking
You wonder, Pirate4, what’s Rik up to now???
The NPHC debacle is a tragic study in sociology: In spite of repeated, well documented warnings, many behaved like lemmings. To Ignore History Is A Curse To Repeat It!
In spite of the sketchy history, those who invested after the last couple 8-K’s and 10-Q’s, may have a gambling issue.
Thinking
Goofy R: Thanks for your excellent revelations! You can judge a person's character by the friends he keeps. The guy in the video, milking the cobras is the notorious, former fugitive, Tom Crutchfield.
Tom Crutchfield: In the 1997 charge, he was accused of conspiring with two German nationals, Wolfgang Kloe and Frank Lehmeyer, and a Japanese national, Kei Tomono, to illegally import over 200 reptiles and amphibians, including Madagascar tree boas, Madagascar ground boas, as well as a species of turtles, all species under the protection of CITES. Tom immediately fled to Belize, but he was extradited back to the US by officials there. Crutchfield was sentenced to 30 months in prison. Of his 1992-1999 smuggling activity, Tom stated that he was "guilty because I'm guilty."
Source: https://en.wikipedia.org/wiki/Tom_Crutchfield
Thinking
Say what, otcbbnpink???
You have a keen eye for the obvious, cngreen.
Every choice has its inherent rewards and consequences, eZ3.
As you, rimbo90, plus many here easily recall, I implied all along: Believing Rik has unquestionable character is no different than believing ingesting shark fins and rhino horns increase virility in humans. Superstition is obsolete.
Thinking
Rik’s Master playbook: What is the only way to make a killing if all you have are smoke and mirrors? Due to the new access to a huge volume of newbies, set the trap as follows:
1. Go to Pennyland.
2. Create mass confusion. (endless quiet periods, false promises, etc.)
3. Sustain the confusion for as long as possible by MIA.
The blind will organically lead the blind into the trap.
That’s been the atmosphere from day one. NPHC plus Rik’s other ventures were consistent, However, as with almost every CEO on American Greed, greed caused him to push the envelope too far.
Thinking
During the past year, in the interest of “Informed choice”, I provided a mountain of unimpeachable evidence, listing Rik’s countless misrepresentations. Also, I went as far as suggesting he qualifies for American Greed.
Am I happy my prediction came true? Absolutely not! I often posted; while NPHC’s success hinges on the CHARACTER of our CEO, I hoped I was incorrect. I also posted links to sites which provided evidence impugning his character.
Thinking
A few of Rik’s numerous promises which were never delivered:
Rik Deitsch’s 10 year established template: Rinse, wash, repeat.
Rik’s other product for chronic pain relief: https://investorshub.advfn.com/GH-Solutions-Inc-GRSU-3388/. (A conflict???)
The internet has provided sudden access to the world, where an unlimited supply of gullible, fire-eyed zealots and/or zombies exist. According to the wisdom of W. C. Fields: “You can fool some of the people some of the time -- and that's enough to make a decent living”.
Summary from as recently as last week’s WISHCRAFT posts, all containing form over substance:
• Watch how fast it moves when catalysts hit!
• The products have huge opportunity to enter the opioid
alternative pain relief!
• Let it run as high as possible to attract new investors!
• If they ever figure out how to market this stuff then they will
have a winner!
• They are working and making progress with some veterans groups.
We will get there!
• Patience!
• I will certainly hold for the big run!
• Market which is measured in the billions!
• Let's have a great week next week!
• Still not selling...hold long and strong!
• If word gets out via advertising campaign, it will do great
especially now in light of the opioid addiction crisis!
• Here's hoping to major gas and up we go!
• Shares seem to be more in the hands of longs now!
• Anyone would be crazy to sell now!
• if the joint ventures do go through, a modest expected gain is
2000%!
• Some are trying to capitalize on the delays and accumulate
cheaps shares before the explosion!
• Just need folks to find out about it!
• They said it takes time because of the bureaucracy, but that
they will get it done!
Substantive replies to last week’s Wishcraft:
• Wishing and hoping are not investment strategies.
• NPHC needs to figure out how to cure all of the default loans before it is too much for the company to overcome.
• No talk of Whales accumulating, A/D Line nonsense, blaming non-existent short sellers or manipulating MMS, or dreams of NPHC being the king of opioid replacement..
Thinking
It’s obvious; the list of those who had nice things to say about our CEO is shrinking rapidly.
In retrospect, my post of 10 months ago, makes me appear either clairvoyant or simply, good at DD…you be the judge:
Excellent question, ThatBobGuy. The answer could be among the many reasons we've been given. Take your pick from past posts (below):
Well, what did anyone expect, Ribo90…Rik would wake up this morning and say, “I must do something good for the shareholders.”?
Checklist for prospective shareholders:
• Rik has a proven track record: No
• Rik has been honorable with his creditors: No
• Rik provides total transparency: No
• Rik delivers on his promises: No
• Rik satisfies his shareholders: No
• Rik’s submissions are made in a timely fashion: No
• Rick has his priorities in order: No
I don’t know which is lower, shareholder morale or Rik’s ethical standards.
Thinking
History is the best teacher. RSI38, as I’ve been saying for over 1 year: Based on historical facts, the future of NPHC hinges on the character of our CEO. It appears Rik is happy with this venture going the way of all of his others.
History aside for a moment, simply review the shareholder misery posts of his other current stock play: https://investorshub.advfn.com/GH-Solutions-Inc-GRSU-3388/
He’s been using the same playbook for a long, long time. Further, during the last 10 years, Rik has not provided a single achievement award. Get ready for another round of manipulation and wishful thinking while treading water in the trips.
Thinking
I just reviewed the sticky (NPHC COMPREHENSIVE DD PACKAGE). It’s 4 months old and none of the assertions have been implemented. In terms of progress, it is so outdated, it’s beginning to look like a parody!
Thinking
Well said, Goofy R! And as you can see, most of the posters of 6 months ago, no longer post, mainly because Rik’s execution track record has been dismal.
Plus, anyone can easily see where NPHC is going simply by checking out Rick’s other active stock play which is barely active: https://investorshub.advfn.com/GH-Solutions-Inc-GRSU-3388/
The remaining shareholders practice WISHCRAFT!
Thinking
That was a wise request, flaflyersfan. I expect the reply to be “Crickets”. I asked my trusted friends the same. When they read “The loan is in default” 27 times, they stated, “The fat lady is singing. An exit strategy is overdue”.
Thinking
Government requirements for approval: Human clinical trials which are double-blind, placebo-controlled, published and peer-reviewed. This is where millions of legitimate studies are stored, but not a single study on Nyloxin (Red Flag):
https://clinicaltrials.gov/
https://www.ncbi.nlm.nih.gov/pubmed/
Is Nyloxin is a viable substitute for opiods? I could not find any human clinical trials establishing that (Red Flag).
Where is Rik??? Is it a never ending “quiet period”, or is he, once again, playing slippery eel or MIA (Red Flag)? Rik’s indifference leaves loyal shareholders twisting in the wind (Red Flag).
On this board, wishful thinking substitutes for careful analysis. I see more red flags than in a Russian parade!
Thinking
Things that make me say, Hmmmm: Almost every morning, the first couple of trades are for minuscule amounts with both of Rik’s stock plays (His other one: https://investorshub.advfn.com/GH-Solutions-Inc-GRSU-3388/) Could they by form corrupt, manipulating MM's???
Rik has proven time and again, the market shouldn’t put any weight into what he says.
I am honestly curious how this guy has any credibility left with shareholders. How many times do people need to be misled, lied to and underwhelmed before they finally realize that Rik is not going to walk across water and deliver?
I am reminded of a sign I saw in a sports bar in Mexico: “If you are not happy with our service, please lower your standards.”
Thinking
Smoke and mirrors: NHPC has been in default on many issues which continue to be published (in various forms) in every report, ad nauseam. Below is an example where the same lawsuit filed by NPHC’s employees, ReceptoPharm, for their wages, being carried over year-to-year, since 2001*.
Also, being that Rik monitors his FB page, it’s safe to assume he monitors this board too, and that things are going according to his plan.
Thinking
________________________________________________________________________
10-K November 2012
Involuntary Petition of Bankruptcy
On August 31, 2012, former ReceptoPharm employees and a former ReceptoPharm consultant filed a Petition for Involuntary Bankruptcy against us in the United States Bankruptcy Court, Southern District of Florida. The Petitioners are claiming a total of $990,927 due them in the form of accrued wages and a Note. On October 12, 2012 the Plaintiffs filed an amended Petition, in effect lowering their claims to $816,662. We believe that the petition is frivolous and that their claims lack merit. We will vigorously defend against this action.
Source: https://www.last10k.com/sec-filings/nphc/0001144204-12-061035.htm
10-K 12/31/2014 4/13/2015
On August 31, 2012, certain former ReceptoPharm employees and a former ReceptoPharm consultant filed a Petition for Involuntary Bankruptcy against us in the United States Bankruptcy Court, Southern District of Florida. The Petitioners originally claimed they were owed $990,927 from Nutra Pharma in the form of accrued wages and promissory notes, but amended their claim to $816,662 in a subsequent filing. In response to the Petition, we filed a motion to dismiss the action which, if successful, would avoid the case being converted into an actual bankruptcy action. On September 30, 2013, the Company entered into a Settlement Agreement with the Petitioners, which is effective upon the court dismissal of the action. In full and final satisfaction of all claims, the Company settled the Agreement with the Petitioners for a total sum of $350,000. $35,000 has been paid and a second lump sum payment was due within 8 months from February 12, 2014, the date the court dismissed the action. The Parties executed mutual releases exclusive of releases under the Settlement Agreement. On October 21, 2014 we received a Notice of Default from the Petitioners' counsel. We have responded to the notice and will be seeking remedies to the alleged default.
Source: http://quote.morningstar.com/stock-filing/Annual-Report/2014/12/31/t.aspx?t=:NPHC&ft=10-K&d=89e49f3062fa8c70d3f9c48ee24d0126
10-Q 6/30/2018
Patricia Meding, et. al. v. ReceptoPharm, Inc. f/k/a Receptogen, Inc.
On June 1, 2015, ReceptoPharm entered into a settlement agreement with Patricia Meding, a former officer and shareholder of ReceptoPharm. The settlement relates to a lawsuit filed by Ms. Meding against ReceptoPharm (Patricia Meding, et. al. v. ReceptoPharm, Inc. f/k/a Receptogen, Inc., Index No.: Index No. 18247/06, New York Supreme Court, Queens County) in which she claimed to own certain shares of ReceptoPharm stock and claimed to be owed amounts on a series of promissory notes allegedly executed in 2001* and 2002.
The settlement agreement executed on June 1, 2015 provides that ReceptoPharm will pay Ms. Meding a total of $360,000 over 35 months. The first payment of $20,000 was made on July 1, 2015. A second payment of $20,000 was made on August 17, 2015 with 32 subsequent monthly $10,000 payments due on the 15th of every month thereafter. To date, ReceptoPharm has made all monthly payments due under the agreement. In the event of default on any of the payments due under the settlement agreement, the settlement amount would increase by an additional $200,000. As of June 30, 2018, all payments were made and the settlement is concluded. We have recorded $200,000 in other income for the over accrual of default upon payments in full in April 2018.
Source: http://quote.morningstar.com/stock-filing/Quarterly-Report/2018/6/30/t.aspx?t=:NPHC&ft=10-Q&d=6ad9ecb2194faae7c1572c599c058b97
Thanks for your gracious invitation, budlightmania, but my jokes would be off topic. There’s only one joke that’s topical, and, based on historical facts, that’s Rik J. Deitsch - Chairman and Chief Executive Officer.
Thinking
Thanks, budlightmania. A couple of decades ago, I did stand-up for a living, so don't get me started!
Thinking
Yes, budlightmania, like the constipated mathematician, who worked it out with a pencil!!!
Thank you for the recognition, PennyAlerts_24
I totally sympathize, RSI38
supyoscn, thanks for your detailed reply. Your strategy, while exciting for some, causes far too much stress for me, especially when the CEO can never be trusted (except by his cronies).
Thinking
Peeling back the layers: supyoscn, for years, the typical NPHC shareholder climate has been dominated by frustration, confusion and wild speculation. That is extremely uncommon, unless by design.
What more can one expect from a CEO, who needed to be sued by his employees for their wages? Look up Receptopharm:
Source https://seekingalpha.com/filing/3556324
“Judge a person, not by his intentions, but by his capabilities”. Rik has demonstrated the capability of screwing-over shareholders as well as his employees, multiple times.
Conspicuous by his absence: Where is the renowned investor/promoter, Jack Brewer, who was touted by Rik plus his supporters as a huge step forward in the marketing of Nyloxin?
Based on all that has transpired over the past decade, I suggest, Rik loves this quote: WC Fields once said, “If you can’t dazzle them with brilliance, baffle them with BS.”
Thinking
maverick81 Unless Rik is truly on our side, all of the positive stats become as meaningless as a referee in professional wrestling.
Comments 101: It’s extremely unwise to comment about a page without reading it, PennyAlerts_24.
So, here it is again: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140503842
You're welcome!
Thinking
PennyAlerts_24: I warned, long ago; Nyloxin, while a great product, fails to meet the government standards.
flaflyersfan: You asked a legitimate question.
Lasco: Ignorance is the lack of knowledge. Once knowledge is attained, then stupid is as stupid does.
Jakobi_Obi: Timothy Sykes publishes excellent, factual reports. This is one where he made money by shorting NPHC:
https://www.timothysykes.com/blog/why-i-short-sold-this-180-million-company-with-8000-in-revenues-zero-cash-owes-3-million-whose-stock-is-up-2000-in-one-month/
Rik seems to enjoy juggling his deals. This is another of Rik's current stock ventures, which, IMO, is a harbinger for NPHC:
https://investorshub.advfn.com/Nutra-Pharma-Corp-NPHC-5678/
Based on Rik’s atrocious track record, it appears he relies on the saying:
"Those who refuse to consider the past are condemned to repeat it."
Thinking
Let’s step back and look at the NPHC big picture. A few rhetorical questions:
Do you still need to hear the following:
• Something big is about to happen!
• Long and strong!
• The calm before the storm!
• Undervalued!
• Friendly financing!
• It’s a quiet period!
• Rik made mistakes and learned by them!
• Have patience!
• That was a great PR!
• Get more at these cheap prices!
Are you still enthusiastically recommending NPHC?
Did NPHC meet the expectations you had when you initially invested?
Do you believe Rik is respected by potential JV’s?
Do you believe Rik is an exemplary CEO?
If your answer is a big NO to all of the above, you don’t need me to tell you where this is going.
Thinking
Maverick81 You completely missed my point, which was: the character of our CEO.
As with his other failed ventures, everything hinges on his character. We had all hoped he learned from his mistakes and improved. Had he, we would not be stuck in this quagmire.
Thinking