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GRCU exits will be packed on any PR. Who can sell faster is the real question. The only problem is the past 3 PRs brought no volume and the newbs can see the past non-stop trainwreck.
Hard to watch these OTC cesspool plays play out.
Peace out
Imagine most in SIPC became really heavy drinkers. Hard to watch these OTC cesspool plays play out.
Hope you did not lose more then you can afford.
Peace out
You know what they say about a leopard and its spots. Look at GRCU and its partners. So many red flags here that it makes other OTC cesspool plays look good. Who would ever touch this after the massive scam that was pulled.
SEC went easy on them but share holders were shafted.
Peace out
Great to know and I try my best to answer all the GRCU questions you ask. I am not around all weekend and especially on a holiday weekend.
Peace out
After past RS's I think toast is burnt. CANB true value is now trips and they cannot possibly get past that MASSIVE debt.
Peace out
Nasty past for GRCU and share holders. They could be a poster child for the OTC cesspool.
Hope no one loses more then they can afford.
Peace out
Did you see the debt of CANB? GOOD GRIEF!
“ The Company incurred a net loss of $10,266,007 during the year ended December 31, 2021 and as of that date, had an accumulated deficit of $77,766,659. Due to recurring losses from operations and the accumulated deficit the Company has stated that substantial doubt exists about the Company’s ability to continue as a going concern.”
Could not imagine waking or wanting to get up in the am with numbers like that.
Peace out
The GRCU scam went on for many years. Here is a website that shows what happened and I can post the SEC report for further clarification next week to help all see what the OTC cesspool plays look like and do.
NASTY what happened to share holders from the looks of it.
Glad to help, sorry but not on all weekend of a holiday weekend to answer questions.
On May 7, 2021, the Securities and Exchange Commission (“SEC”) announced that the U.S. District Court for the Central District of California entered final judgments against the remaining three defendants in a 2019 SEC action charging them for their alleged roles in a pump-and-dump scheme in the stock of southern California beverage and cannabis company Green Cures & Botanical Distribution, Inc (GRCU).
On May 20, 2019, the SEC charged Ishmail Calvin Ross, Zachary Logan, Jessica Snyder, and David N. Osegueda with deceiving a brokerage firm into allowing Ross, Logan, and Osegueda to deposit their GRCU stock into their accounts in advance of their pumping up the company’s stock price through a promotional campaign. Ross, Logan, and Osegueda then allegedly dumped their shares on unsuspecting investors, generating approximately $1.9 million in illicit proceeds.
The judgments order Ross and Logan to pay disgorgement and prejudgment interest of $781,868 and $184,293, respectively. The court further ordered that Ross, Logan, and Snyder pay civil penalties of $400,000, $164,000, and $100,000, respectively. The judgments also prohibit all three defendants from participating in the offering of a penny stock and impose ten-year and permanent officer and director bars against Ross and Snyder, respectively.
Osegueda previously consented to a final judgment that permanently enjoined him from violating Sections 5 and 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, ordered him to pay disgorgement and prejudgment interest of $933,181 and a civil penalty of $835,941, and imposed a penny stock bar and a ten-year officer and director bar.
How the scheme worked
According to details in the 2019 SEC Complaint, in February 2014, Osegueda and a partner acquired control of Triton Distribution Systems Inc (TTDZ), a publicly-traded company, renaming it Green Cures & Botanical Distribution Inc (GRCU) to capitalize on the hemp and cannabinoid market.
Osegueda didn’t have much success during the first year running the company and had been loaning money to GRCU to keep the business afloat. So in June 2015, he recruited Ross, who had prior experience in the beverage distribution business, including one product in grocery stores.
Synder performed the due diligence on GRCU for Ross, with Ross ultimately agreeing to help Osegueda, but only if paid in equity. In August 2015, Osegueda and Ross entered into a stock purchase agreement with Ross receiving the 1 Series A preferred share representing control of the company and 8.25 million restricted common shares for $45,000. Around this time, Ross always purchased a portion of Osegueda’s debt Notes.
It was at that point that the pump & dump scheme began to take shape.
After Ross gained control of GRCU, he hired a new CEO and kept his control hidden by transferred the control stock to a company he and Snyder created named In Step Holdings LLC. Ross then installed an employee from his beverage company as the nominee officer of In Step Holdings LLC in order to not be deemed an affiliate while selling his GRCU common shares.
In December 2015, Osegueda introduced Ross to Zachary Logan, described as a “stock expert” who could help “market” GRCU. Logan agreed to provide one year of stock promotion services in exchange for 5 million restricted and 5 million free-trading GRCU shares.
From January 15 to October 30, 2016, Osegueda, Ross, and Logan deposited their GRCU stock with Scottsdale Capital Advisors to be sold into the market, submitting DSRs signed under oath for each deposit.
Osegueda received 127.6 million newly created shares from the conversion of portions of the debt Notes he still held in his name. He deposited 42 million shares in his own name and transferred 61.3 million shares to Ross and 5 million shares to Logan. In the DSR for the deposit, Osegueda lied about how long he held the stock and that he had no knowledge of any current or future stock promotions.
Ross deposited a total of 37.5 million shares and falsely stated in his DSR that he was not an affiliate of GRCU, lied about how long he had held the stock, and falsely stated that had no knowledge of any current or future stock promotions.
Logan deposited a total of 8 million shares (the 5 million he received from Osegueda plus 3 million acquired from Ross for $27,000). In his DSRs, Logan lied about how long he held the stock and falsely stated that he was not acting in concert with any other person on the stock promotion.
Synder prepared all of the corporate documents required for the deposits, including resolutions and letters stating that GRCU was not a shell company; conversions of the notes; a letter that GRCU was current in its submissions to OTC Markets; and a letter from GRCU’s CEO that falsely stated that neither Osegueda, Ross, nor Logan was an affiliate of the company. Synder also included a letter from an attorney (which information suggests was Andrew Coldicutt), which opined that Ross’s sale of the GRCU shares would be exempt from registration under Rule 144.
Together, in January 2016 and February 2016, Osegueda, Logan, Ross, and Synder organized a promotional campaign that included misleading press releases issued without the CEO’s knowledge, even though some of the information was contributed to him; emails blasts and text messages that repeated or contained links to the false and misleading press releases; and post on Twitter and the InvestorsHub.com message boards.
The campaign began in March 2016 and continued through the end of November 2016, during which time, Osegueda, Ross, and Logan sold stock and received about $857,000, $887,000, and $164,000 in proceeds, respectively.
After a sluggish start to the campaign, in August 2016, the group hired two additional stock promoters to help drum up more interest. One of those stock promoters hired seven individuals to post messages under various usernames on the InvestorsHub.com message board.
Osegueda and Ross selected Stock Goodies, Wall Street Surfers, and Penny Stock Mobsters to lead the campaign for the blast emails and text messages.
The revamped campaign was very successful. The average daily trading volume increased from about 204,000 shares per day to an average of about 2.17 million, and the price climbed from $.008 to $.049/share.
How the litigation started
According to information in the SEC court documents, the actions against Osegueda, Ross, Synder, and Logan came as a result of a separate SEC investigation against attorney Andrew T. E. Coldicutt. During that investigation, the SEC obtained records of the individuals and entities that traded GRCU, which showed the trading activity of Osegueda, Ross, and Logan through their accounts at Scottsdale Capital Advisors.
On May 4, 2017, the SEC filed a Subpeona Enforcement against Coldicutt for failure to provide documents the SEC was seeking as part of an investigation. A second Subpeona Enforcement action was filed against Coldicutt on July 20, 2017, that specifically requested documents associated with GRCU. Coldicutt finally complied on August 17, 2017, and the SEC’s work investigating GRCU moved forward. To date, Coldicutt has not been disciplined in the matter and remains an active attorney licensed by the California Bar and practicing in front of the SEC.
Some background on Ishmail Calvin Ross
Ross and Synder (formerly known as Jessica Gutierrez) have a lot of history together with previous penny stocks. Synder did a lot of work for Ross while Ross ran Hall of Fame Beverage Inc (HFBG) from around 2009 – 2013.
HFBG touted itself as a sports beverage company under Ross’s control but became a disaster with a flood of debt toxic pushed the float into the billions and the stock price to no-bid despite a parade of glowing press releases. On April 30, 2012, HFBG was named in an SEC Complaint against a group of individuals, Christel Scucci, Karen Beach, Cameron Linton Esq, who were involved in an unregistered stock selling scheme involving HFBG and five other public issuers, Viper Networks Inc (VPER), Chromocure Inc (KKUR), Hybrid Energy Holdings Inc (HYBE), Ingen Technologies Inc (IGNT), and Undersea Recovery Corporation (UNDR). According to the SEC, the group was working for Stephen Carnes and Lawrence Powalisz who had previously been named in SEC litigation on September 24, 2009.
On August 22, 2012, HFBG was also named in a separate SEC Complaint against Edward Bronson and two lending companies under Bronson’s control (E-Lionheart Associates and Fairhills Capital). According to that Complaint, Bronson sold more than 2.2 billion without registration in HFBG from 2009 – 2011. HFBG was abandoned around the time of the SEC Complaints and was eventually suspended by the SEC on April 24, 2017.
Our research also shows that Ross was also a control person for New Generation Consumer Group, Inc (NGCG) from 2014 – 2016, where attorney Andrew Coldicutt assisted Ross and others like convicted felons Jason Ruppert and Mark Fisher with converting debt into free trading stock using questionable debt notes. Fisher was Indicted in October 2018 for a separate stock manipulation scheme on Valentines Beauty Inc (VLBI) and sentenced to 28 months in prison on May 14, 2019. Ruppert was a repeat offender. He was sentenced to 1 year in prison for securities fraud in 1995, five years probation for Grand Theft (bank fraud) in 2008, and additional probation in 2012 after being arrested for violating his previous parole sentence. His probation ended on December 18, 2014, and soon after, his wife, Pamela Ruppert, became a note holder in NGCG along with Mark Fisher. According to an interesting message board post, Ruppert was involved in another questionable share selling scheme in Xalles Holdings Inc (XALL) beginning in 2017.
CANB real value after two RS's is trips. No way they get NASDAQ as they fleeced share holders twice.
Happy 4th of July
Peace out
Great to see you at CANB board and the DD is always welcomed.
Have a great 4th of July all.
Peace out
Again,,, Not really sure why you keep asking my advice on GRCU? Did not know I was so sought after by so many for my input and opinions. I do appreciate the compliments and will do my best.
I will try and answer the GRCU DD questions, but not around usually on a Friday eve. holiday weekend.
Have a nice 4th of July.
Peace out
You were spot on with SIPC and how it'd play out.
Not sure why you keep asking my advice? Did not know I was so sought after by you for my input and opinions. I do appreciate the compliments.
Have a nice weekend and please do not lose more then you can afford to in these OTC cesspool plays. GRCU is a poster child for the OTC cesspool.
Peace out
Maybe another RS to really get to NASDAQ. LOLOLOL
This is never ever going to NASDAQ. Mark it
Said that 6 years ago and SIPC still a shit show train wreck ever since. Not a single PR works any longer and the partnerships plays are laughable.
Maybe the Texas, Ca. and Oklahoma is all BS but hard to admit.
Happy 4th of July.
Peace out
Will be the same old, same old as soon as any PR hits for GRCU. Might get lucky and out of this GRCU mess finally.
Massive GRCU shares available real soon and could get nasty fast. Imagine GRCU bag holders ready and will be at exits on any GRCU PR. Problem is no PRs worked recent and not sure who will try to outsell faster.
Good luck and hope no one loses more then they can afford to in these OTC cesspool plays. Have a great 4th of July.
Peace out
SIPC said same with pot grow lights and other stuff. Funny as they never made pot grow lights but claimed they sold and were shipping. To this day they never said they were stopping the pot grow lights and went right into the next scheme. LOL
No one buying the BS any longer. They cried wolf so many times that nothing is believable.
Peace out
Showing GRCU history can be a good thing. That is what all are trying to show as we post here.
So glad all can post on a community board what we feel is relevant and important.
Peace out
Never once said buy, sell or trade GRCU. Only post what DD is out there.
Glad we can both post info and DD and hope it helps.
Peace out
What ever happened to Armed and Hammered? Maybe we should get a card and all sign it as he and Wes seemed to disappear. I know Wes went into shrooms and figured he'd be gone permanently, but Armed and Hammered was around SIPC for many years as well.
O'well,,, I am sure we all wish them the best and sorry for their WDRP losses. Happens to the best and some scams are harder to see then others.
Peace out
WDRP crappy coffee is done, over and finished. Last PR said "The Company will begin winding down its previous businesses" and now going into crappy NFTs next. I thought they'd announce mining or crypto crap. Nailed it.
Best to you and sorry for the losses.
Peace out
SANTA MONICA, CA, March 31, 2022 (GLOBE NEWSWIRE) -- Wanderport Corporation (OTC Pink: WDRP), a holding company specializing in blockchain, digital asset and metaverse, is pleased to provide a business update including the cancellation of 10M shares and the initiatives in the non-fungible token (NFT) and metaverse areas.
Outstanding Shares Reduction
As part of management’s commitment to improve the balance sheet and capital structure, the Company had reached an agreement to secure and cancel an additional 10M shares of its Common stock, bringing the total to 20M shares.
Functional NFT
In 2021, the NFT market grew to nearly $25 billion. To participate in this burgeoning market, Wanderport plans to introduce a collection of 10,000 functional NFTs later this year. Similar to some of the well sought after functional NFTs such as BAYC, the Company’s NFTs will also offer a range of value-added benefits for their owners. Additional information regarding this project will be provided in the upcoming weeks.
Metaverse
The Company has been forming a team to create a presence in the metaverse. In addition to other members, Wanderport will collaborate with UA Multimedia, Inc. (OTC Pink: UAMM) who will help design and build virtual spaces for the Company. The venues will primarily focus on entertainment and e-commerce.
The Company will begin winding down its previous businesses and shift its focus and resources towards the new direction. It has started on building a new website to present its vision, as well as revamping its social media presence to promote awareness of the new projects.
“The growth in the NFT and metaverse space has been strong, and we expect it to continue for the foreseeable future,” commented Miki Takeuchi, CEO. “After experimenting and evaluating a few options, we have decided to pursue a path that could potentially yield significant results for the Company. We are committed to grow Wanderport organically and externally via acquisition to become a major player in the digital asset and metaverse space.”
About Wanderport Corporation
Wanderport Corporation is a holding company specializing in blockchain, digital asset and metaverse. The Company’s mission is to provide products and services to support sustainable crypto initiatives.
You see what happened to GRCU share holders?
https://www.securitieslawyer101.com/2021/court-enters-judgments-against-promoters-in-pump-and-dump-scheme/
Reads like a playbook and went on for years.
Peace out
Averaging down for years must be tough but I guess some still do it. Hope you do not lose more then you can afford to in these OTC shit shows. SIPC and all partners seem to be real shit shows.
Better luck on your next as this one is played out and doubt few would touch this with free money.
Peace out
I would never ask anyone to buy, sell or trade on any info I post. I just post the facts on GRCU and others to show the best DD I can.
Peace out
Some want to know the GRCU history and what brought them to this point. Most prefer and like to see what a company is made of and its history.
Here is a link to those facts and some never seen or had a chance to read it..
https://www.securitieslawyer101.com/2021/court-enters-judgments-against-promoters-in-pump-and-dump-scheme
We post here to share info and that is a good thing for all. Good or bad it is important history that needs repeated.
Peace out
Looks GRCU scam went on for years and you know what they say about a leopard and its spots.
Nasty what was done to share holders.
Peace out
Nasty what was done and how EWLL played this. Was easy to see what was going to happen though. Called it a long time ago.
SEC report showed the MASSIVE GRCU corruption.
https://www.securitieslawyer101.com/2021/court-enters-judgments-against-promoters-in-pump-and-dump-scheme
Went on for years and was really bad for share holders.
Peace out
SEC report showed GRCU corruption.
https://www.securitieslawyer101.com/2021/court-enters-judgments-against-promoters-in-pump-and-dump-scheme/
WDRP is in NFTs and stopped all business. Nothin to wake up this mess. I was sure they'd be in a mining or a pot scam next but went to crypto crap.
Good luck with that as well. Hope you do better on the next as this one is played out and shown to be some really bad guys. I hope not too many got wrecked with EWLL as most knew the ending.
Peace out
SIPC,,, what a massive shit show! Hope you did not lose more then you can afford to in this trainwreck.
Peace out
Never hurts to wish good luck there little buddy.
Peace out
Most said "Thank you" and I appreciate helping pointing out DD on some of these. The OTC cesspool is full of EWLL types and it never hurts to show all sides and not just the fluffy too da moon crap.
Good luck on your next one.
EWLL shit show is done. All could see what was going to happen and it did.
Tough to watch these OTC cesspool plays, play out. GRCU was nasty in the past and why would anyone get involved with such a nasty past is unreal.
https://www.securitieslawyer101.com/2021/court-enters-judgments-against-promoters-in-pump-and-dump-scheme/
Peace out
SIPC business plans,,, SIPC BUSINESS PLANS! Hahahaha HAHAHAHAHA now that was really funny. They failed at everything besides BS PRs . They were good at PR BS and now no one would touch this with a 10 foot pole. Look at every partnership they ever had and what that partner is doing now at what price.
SIPC is the OTC cesspool poster child .
Business plan,, what a great laugh that was.
Peace out
Takes time to know these OTC cesspool stocks. GRCU is clearly a poster child for the SEC. Was horrible what was done to share holders past.
Hope all take the time to read this. You know what they say about a leopard and its spots.
https://www.securitieslawyer101.com/2021/court-enters-judgments-against-promoters-in-pump-and-dump-scheme/
Almost reads like a playbook and shows how it was pulled off.
Peace out
Please allow others to post what they choose on GRCU board and show the DD they choose important to them.
Its a board for this reason to share. Congrats on the 6 days here and best to you.
Peace out