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0.000001 ? -0.000099 (-99.00%)
Wow, I don't think I ever saw that many zeroes after the decimal point in the stock price of a company I ever had anything to do with other than NEOM.
Finally. The message board for Tri-Valley on Yahoo has seemingly been deleted.
I'm sure the pumpers who inhabited it for so long had been begging Yahoo for quite some time to take that board down.
LOL
jonesie
Thanks Renee.
End of a long sordid scam with a long list of organized pumpers.
Yeah!!! Coulda sold 10,000 shares at .005 and grossed a whopping $50.
To da moon!
jonesie
Oh my gosh, and that's not the half of it!!!
This just out!!!!! $$$NEOM$$$ + 2D Barcodes + Clearinghouse can call in air support when fighting ISIS!!
Simply Point --> Click --> Duck --> BOOM!!!!!
And, for a limited time only, download TWO Qode Readers for the price of one and pay ONLY Shipping & Handling on the second reader!!!!!
The Kurds are already downloading Qode Reader and $$PAYING$$ huge bucks for the app PLUS paying-per-click, directly into Laura's PayPal Account!!
YOU Mr. "Investor" will soon see the benefit of that in YOUR stock price!!!!! BIG run!!!!!!!!!!!!!!!
jonesie
p.s. do you even know what the "Clearinghouse" was? Just one in a long line of ridiculous NEOM-things that have been hyped over the years!!!! If it was possibly to buy stock in Neomedia HYPE (traded on the PITS (Pie-In-The-Sky) Exchange daily) everybody who lost $$thousands$$/$$tens-of-thousands$$ would instead be filthy rich!!! LOL
This post is a sticky ... why?
Years and years and years ago.
In fact, Chas Fritz the CEO of Neomedia for a long time, has in his background working for a company very similar to YA ... so he knew exactly what he was getting NEOM into ... then he cashed out ... headed for the hills ... took the money and ran ... leaving everybody else to watch the long slow train wreck.
jonesie
No recent news found?
Did that 'bullish' spike take place a mere two days before this was announced? Does that sound like, oh, what's the word ... oh yeah ... manipulation?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105479148
Trading suspended for egregious non-compliance.
Potentially prefacing complete delisting from trading on any exchange.
There's not a business! It's just a shell, that was operating out of a shopping center storefront and who knows what their address is now, and who's involved ... if any. (lol geo)
Or, they could go to the moon.
Let's see, continue as they have been (down, with manipulations along the way, more certainly to come), get delisted, or go to the moon?
Hmmmmmm, how to pick, how to pick, decisions decisions.
LOL
All IMHO of course ;)
jonesie
p.s. "In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine:
A.
Whether the allegations contained in Section II hereof are true and, in connection therewith, to afford the Respondents an opportunity to establish any defenses to such allegations;
and,
B.
Whether it is necessary and appropriate for the protection of investors to suspend
for a period not exceeding twelve months, or revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondents identified in Section II
hereof, and any successor under Exchange Act Rules
12b
-
2 or 12g
-
3, and any new corporate
names of any Respondents.
IV.
IT IS HEREBY ORDERED that a public hearing for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed, and
be fore an Administrative Law Judge to be designated by further order as provided by Rule 110 of the Commission’s Rules of Practice [17 C.F.R. § 201.110].
IT IS HEREBY FURTHER ORDERED that Respondents shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by
Rule 220(b) of the Commission’s Rules of Practice [17 C.F.R. § 201.220(b)].
If Respondents fail to file the directed Answers, or fail to appear at a hearing after being duly notified
, the Respondents, and any successor under Exchange Act Rules 12b
-
2 or 12g
-
3,
and any new corporate names of any Respondents, may be deemed in default and the proceedings may be determined against it upon consideration of this Order, the allegations of which may be deemed to be true ......"
And I have to add a ROFLMAO at TIV and their pals.
"all of the Respondents are delinquent in their
periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters"
TIV pretty much failed at everything they did LOL
JMHO with no facts asserted, inserted, deserted, introverted, diverted, inverted, subverted or perverted lol
jonesie
Thank you Renee, much appreciated!
jonesie
LOL, "rash", that's hilarious ;)
Saaaaay, everybody posting here does know about Paulie's Pixel Palace right? Hilarious board, and you don't post on it, just view it, but it's worth going back through some of them.
The "advice" applies to, well, EVERYthing.
He has some fun with his buds the admins, but then there are gems like this one:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102872889
jonesie
Thank you diarch, much appreciated.
That was a quick 82% move.
Silversmith, good to see you too, hope all is well.
I wonder :) One MM/broker sells approx $20,000 worth of NEOM (a 16 milly slap, albeit spread out a bit, just little slaps) to another MM/broker, then buys it back (a whambam 16 milly slap lol) and voila, the illusion of heavy volume/buys gains solidity, all the while engendering/enticing/engineering additional buys from the hopeful.
And the 'additional buys' are what give (permanent?) homes to the boundlessly created shares from Yorkville & Friends.
Probably a farfetched idea ;)
If a 'real person' WAS to buy a lot of NEOM shares ... I wonder how hard he would find it to sell them ALL into an engineered run and get his "multi-bagger"? (It was a lot easier to sell into the Tobin-engineered 10-bagger from .06 to .60, although not so easy there at the last)
Will Joe Penny be allowed to be first in the selling line?
Relegated to last in line?
Left wondering where the line was?
jonesie
p.s. Is NEOM news now dated with a European format, making 4/7/2014 indicative of a July 4th news release? Or was that really just re-posted "news" from April?
Wow, a lot more posts than usual, I figured something NEW and GREAT must be happening with NEOM ... I see that's not the case, just new posters?
What's up?
NEOM's not, it's still going down.
Current Pre-reverse-split adjusted price is what, $0.000073?
Did I do that right, divided $0.0011 by 15?
What was the last closing price before the R/S was reflected in the price?
jonesie
Seriously? Has NEOM been putting any fertilizer on that particular seed?
Or just still doling out the 'fertilizer' in SEC filings?
LOL, hi guy, hope all is well.
jonesie
"why does NEOM still follow him on Twitter"
The same reason the then-CEO of Neomedia William "Chip" Hoffman, when I visited the then-HQ in Atlanta, pointed across the trees and said "see that? That's AT&T and it only takes me 2.5 minutes to get to their lobby".
It's in their DNA to try and plant dead seeds, it's in the nature of all penny-stock companies that originate/originated in Ft. Liars Florida.
jonesie
What does that mean, "investment"?
What did anyone's purchasing of shares do for Neomedia?
In the last many years, it certainly didn't cause share price appreciation.
But I'm curious about "investment" in the context of the sub-penny stock trading environment of a stock that few would have even known about if it hadn't been for Tobin Smith pumping it in his newsletter ... what year was that?
What has Neomedia promised shareholders for buying Neomedia stock (investing?)?
The only promises I've seen have been in the boilerplate and fine print of all the filings where they promised that they and YA were busy diluting it and chances were good that anyone buying their stock would lost all of their money.
jmhcomments
jonesie
A few here will remember ....
.... the "huge" deal Neomedia had with Telcel in Mexico and will at least tangentially get a kick out of this video ;)
"Laura is about to unveil something really nice"
What does Laura look like? Is this something we really want to see?
lol
jonesie
So, they did a R/S and the price is already back at 0.0005?
Amazing, YA-victims' stock prices usually take longer to drop after a R/S.
;)
jonesie
Tiburon man to pay $22.5 million to settle SEC charges of unregistered brokering
http://www.marinij.com/crimebeat/ci_25772003/tiburon-man-pay-22-5-million-settle-sec
By Gary Klien
Marin Independent Journal
Posted: 05/15/2014 04:47:38 PM PDT
A Tiburon man was charged Thursday with selling millions of dollars in energy securities without registering as a broker with the Securities and Exchange Commission.
Behrooz Sarafraz, 53, has agreed to settle the charges by paying more than $22.5 million without admitting or denying the charges, the SEC said. The settlement must be approved by a federal judge.
The case involved two oil and gas drilling companies in Bakersfield, Tri-Valley Corp. and TVC Opus I Drilling Program LP. Sarafraz, acting as an unregistered full-time broker, raised $140 million in investments for the companies between 2002 and 2010, the SEC said. About 300 investors contributed.
The energy companies paid Sarafraz about $18.3 million in commissions. He paid $1.9 million in referral fees to other parties and kept the remaining $16.4 million, the government said.
Tri-Valley Corp. was delisted from the New York Stock Exchange in June 2012. In August 2012, Tri-Valley filed for bankruptcy on behalf of itself and TVC Opus.
Under the settlement, Sarafraz agreed to disgorge the $16.4 million and pay nearly $6.1 million in interest. He will also pay a $50,000 penalty.
"By failing to become associated with a registered broker-dealer, Sarafraz denied investors the protections of regulatory oversight and firm supervision," said Michele Wein Layne, an SEC lawyer based in Los Angeles. "The SEC is committed to holding such unregistered salespeople accountable for their conduct."
Sarafraz could not be reached for comment.
Contact Gary Klien via email at gklien@marinij.com or https://twitter.com/GaryKlien
How did the SEC's investigation into YA end?
I haven't kept up, just wondered.
Was YA simply using fraudulently inflated values of their victim companies to entice investors into their hedge fund?
According to the Web-site of Yorkville Advisors www.yorkvilleadvisors.com it is stated that they have two offices; In London (U.K.) and in New Jersey. They are no longer in the financial district of Jersey City, N.J but have relocated to a smaller location some 15 – 20 miles west in N.J. The investment professionals many companies previously were dealing with are no longer listed on the web-site. Also from the web-site “Selected Investments” and under the “Press Releases” it appears that no investments in the U.S. are listed.
The case is still very active in the U.S. District Court for the Southern District of New York. There was a Discovery Hearing held on December 19, 2013 before Magistrate Judge Henry B. Pitman. The release of the public transcript restriction, i.e. release for the public, is set for April 3, 2014.
On December 23, 2013 Magistrate Judge Henry B. Pitman, ordered that the Defendant (Yorkville Advisors) should promptly produce certain documents that the Securities and Exchange Commission (SEC) had requested and Yorkville had objected to produce. If there were still disputes on what documents should be produced, the Judge ordered: “If the parties are unable to agree on search terms, they are directed to submit their disputes to me for resolution.” These documents include among others: “Defendants are to promptly produce all existing transcripts of testimony or interviews by any of Yorkville's managing members, officers, directors, employees, agents, accountants, attorneys, general partners or special partners of Yorkville Advisors related to investments, the management or operation of the funds or disputes with portfolio companies or investors regarding valuation of the funds' investments in portfolio companies.”
For your possible interest, I have attached two documents from the U.S. District Court:
a. Case Summary
b. CIVIL DOCKET FOR CASE #: 1:12-cv-07728-GBD-HBP
The summary of the SEC allegation can be found in an SEC Press Release dated October 17, 2012:
Quote
The Securities and Exchange Commission charged the New Jersey-based Yorkville Advisors LLC, a former $1 billion hedge fund advisory firm and two executives with scheming to overvalue assets under management and exaggerate the reported returns of hedge funds they managed in order to hide losses and increase the fees collected from investors. The SEC alleged that Yorkville Advisors LLC, founder and president Mark Angelo, and chief financial officer Edward Schinik enticed pension funds and other investors to invest in their hedge funds by falsely portraying Yorkville as a firm that managed a highly-collateralized investment portfolio and employed a robust valuation procedure. The SEC alleged that they misrepresented the safety and liquidity of the investments made by the hedge funds, and charged excessive fees to the funds based on the fraudulently inflated values of the investments.
This is the seventh case arising from the SEC’s Aberrational Performance Inquiry, an initiative by the Enforcement Division’s Asset Management Unit that uses proprietary risk analytics to identify hedge funds with suspicious returns. Performance that is flagged as inconsistent with a fund’s investment strategy or other benchmarks forms a basis for further investigation and scrutiny.
“The analytics put Yorkville front and center on our radar screen,” said Bruce Karpati, Chief of the SEC Enforcement Division’s Asset Management Unit. “When we looked further we found lies to investors and the firm’s auditors as well as a scheme to inflate fees by grossly overvaluing fund assets. We will continue to pursue hedge fund managers whose success is based on fiction rather than fact.”
According to the SEC’s complaint filed in U.S. District Court for the Southern District of New York, Yorkville, Angelo, and Schinik defrauded investors in the YA Global Investments (U.S.) LP and YA Offshore Global Investments Ltd hedge funds.
The SEC alleges that Yorkville and the two executives:
• Failed to adhere to Yorkville’s stated valuation policies.
• Ignored negative information about certain investments by the funds.
• Withheld adverse information about fund investments from Yorkville’s auditor, which enabled Yorkville to carry some of its largest investments at inflated values.
• Misled investors about the liquidity of the funds, collateral underlying the investments, and Yorkville’s use of a third-party valuation firm.
The SEC alleges that by fraudulently making Yorkville’s funds more attractive to potential investors, Angelo and Schinik enticed more than $280 million in investments from pension funds and funds of funds. This enabled Yorkville to charge the funds at least $10 million in excess fees based on the inflated values of Yorkville’s assets under management.
The SEC’s complaint charges Yorkville with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5. Yorkville also is charged with violating Sections 206(1), (2) and (4) of the Investment Advisers Act of 1940 and Rule 206(4)-8. Angelo is charged with violating Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5, and Sections 206(1), (2) and (4) of the Advisers Act and Rule 206(4)-8. He also is charged with aiding and abetting Yorkville’s violations of the Exchange Act and Advisers Act. Schinik is charged with violating Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5, and with aiding and abetting Yorkville’s violations of the Exchange Act and Advisers Act.
The SEC’s Aberrational Performance Inquiry is a joint effort among staff in its Division of Enforcement, Office of Compliance, Inspections and Examinations, and Division of Risk, Strategy and Financial Innovation. The SEC’s investigation was conducted by Stephen B. Holden, Brian Fitzpatrick, and Kenneth Gottlieb with the support of Frank Milewski under the supervision of Valerie A. Szczepanik and Ken Joseph. The SEC’s litigation is being led by Todd Brody.
This post should be a sticky.
There hasn't been any news in ... how long?
Sat, Feb 09, 2013 12:00 - Tri-Valley Corp. (TVLYQ: OTC Link) - Tier Change - The symbol, TVLYQ, no longer is classified as OTC Pink Limited. As of Sat, Feb 09, 2013, TVLYQ resides in the OTC Pink No Information tier.
Excellent post Vero.
jonesie
Neomedia does not consider folks as investors who buy stock in hopes of flipping it. Management has made it clear they really don't care about these folks, they're not going to forego anything why should they? That's obvious. YA has made it clear they don't care about these folks, and they're management anyway.
There aren't enough 'retail' buyers/owners of stock to collectively assert enough rights to outweigh the voting power YA has through all their convertible instruments.
YA actually invests in Neomedia for to make money, and they were always pretty good at it. I know what I always thought and I formed a board purely to point out all the companies (100's) Cornell/YA did it to and were doing it to. Finally the gameplan just became so incredibly repetitive and blatantly obvious that anyone could see it and steer clear of the carcasses or soon-to-be carcasses of YA's victim-companies.
Anyway, YA "invests" in NEOM, they put money directly into NEOM's coffers, directly into Laura's bank account, etc, so obviously NEOM will do whatever YA-the-investor wants whenever they have a choice, although in most circumstances Neomedia has no choices at all.
Now one might say that if enough 'retail' penny stock players for whatever reason exerted enough upward pressure to raise the price of the stock significantly, that could possibly help Neomedia/YA, and make those folks look more like "investors" and that Neomedia should care more about the penny stock players who thought they were actually "investing" in Neomedia.
But when's the last time any sustained upward pressure happened?
That would be when the great Tobin Smith touted it from .06 to .60, all he promised was a ten-bagger, that happened, and then he and his crowd bailed and it was all downhill ever since.
Folks have tried to average down, or get in cheap, with the intent of selling for profit, or to lower their losses, with emphasis on the word 'selling'. That's not "investing", that's just playing Vegas.
An "investor" pumps money directly into a company to aid that company in its growth.
Nobody here ever did that.
YA didn't even do THAT, their MO is to keep the primary victim alive so the secondary victims will bleed their money into it through the otcbb intravenous transfusion system.
I know that's all over-simplified, but it's accurate as far as it goes and it certainly discerns between a real investor, and a penny stock trader flipping per a plan, or between a real investor and someone placing smallish bets and hoping for a moon shot at which point in time they would cash out.
just my very humble opinions fwiw, probably about 33 shares of NEOM (2 cents)
jonesie
Normally this stuff is just boilerplate, but in this case the company lawyers are telling everybody exactly what's going to happen.
(It was SO nice to see George O'Leary's name again in that filing LOL, brings back incredibly hilarious memories! And Chas, omg, Chas must be ROFLHAO whilst at the same time admiring the sheer audacity and continuation of YA kicking along the ball he started rolling in Fort Liars so many years ago now.)
"For example, based on the market price of the Company Common Stock on February 28, 2014 of $0.0007 per share, following a 1-for-15 reverse split of the outstanding Company Common Stock there can be no assurance that the post-split market price of the Company Common Stock would be $0.0105 per share or greater. Accordingly, the total market capitalization of the Company Common Stock after the proposed Reverse Split may be lower than the total market capitalization before the proposed Reverse Split and, in the future, the market price of our Common Stock following the Reverse Split may not exceed or remain higher than the market price prior to the proposed Reverse Split.
A decline in the market price for the Company Common Stock after the Reverse Split may result in a greater percentage decline than would occur in the absence of such action and the liquidity of the Company Common Stock could be adversely affected following the Reverse Split.
The market price of the Company Common Stock will also be based on our performance and other factors, some of which are unrelated to the number of shares outstanding. If the market price of the Company Common Stock declines after the Reverse Split, the percentage decline as an absolute number and as a percentage of our overall market capitalization may be greater than would occur in the absence of the Reverse Split. In many cases, both the total market capitalization of a company and the market price of a share of such company’s common stock following a reverse stock split are lower than they were before the reverse stock split. Furthermore, the liquidity of the Company Common Stock could be adversely affected by the reduced number of shares that would be outstanding after the Reverse Split.
The number of outstanding shares of Company Common Stock immediately after the Reverse Split will be reduced by a factor of fifteen (15), the Company will be able to issue more shares of Company Common Stock which could result in additional dilution and which could have a negative effect on the market price of the Company Common Stock. "
a) Is the purpose to prepare the company with the shares necessary to raise capital once the A/S is approved? To raise capital to keep paying salaries and provide the illusion of an operating company
b) Is the r/s designed to prepare the company for a listing on an exchange? LOL, oh my, my ribs are starting to hurt
c) Is the r/s intended to make the company more attractive for acquisition? LOL, oh no, my ribs hurt and I'm snorting now
d) Are both the r/s and increase in A/S intended for YA and BURRINGTON to continue YA's relentless ways and dilute us into nothingness? WE HAVE A WINNER!
jonesie
LOL, that's great, excellent "recap" :)
jonesie
7,391 since the last time I checked this board ...
... 7,391 posts that is.
Something must be up with Neomedia?
Is it time to get in?
Spring has sprung in Hotlanta, everybody have a great spring/summer!
jonesie
Is that what they're doing? 11 to 7?
And now all those who were "true believers" in TIV and its management are living in ....
... a po' box.
At least two of those need a refrigerator box.
Thanks for the info, that is TOOOOOOOO funny, and SOOOOOOO expected.
jonesie
Yes, bad CEO's for sure ....
.... but just tiny little crooked fish amongst much more important/wealthier crooked fish.
The SEC'll get around to 'em though!
Affidavits/declarations re: TIV BK hearings
http://dm.epiq11.com/TVA/Docket#Debtors=4773&RelatedDocketId=&ds=true&maxPerPage=25&page=1
See Dockets 394 and 395 for list.
(courtesy of geoscience2)
That is good reading Geo ...
If you don't mind I'll repost that with a descriptive first few words and make it a sticky.
Thanks for all your work.
jonesie
Thanks Geo.
We tried to tell 'em.
This is great stuff!
Thanks for posting.
The rest of the story has NOT yet been written.
jonesie
Thanks JD.
Even though TIV became a bad idea for 'investors' years ago, they were great for laughs on a regular basis. We'll miss that. The never-fulfilled hyperbolic PRs containing 'biggest and gassiest' type language and bazillions of this or that all the time.
Who can forget "$45 in '05!"
Or the harassment and cease and desist letters sent from TIV management to those who would dissect and compare their PRs and SEC filings and air the analysis publicly?
Geo, we could come up with quite a list if it wasn't such a waste of time, all the PRs and commentary are on this board lol.
Alas, they haven't been good for any laughs in a long time now and if they're just going to continue to waste money and prove over and over the plan to ultimately deposit TIV in Gamble's back pocket for whatever reason ... time to just put them down and rid the piggies of the connection to the public feeding trough.
"They shoot horses don't they?"
jonesie
Thanks JD. Almost over.
Hi Bly.
LOL, really?
"because of his endless desire to help share holders retire with safety."
Link please.
I mean really, who the heck knows that? Didn't see that in a PR, didn't see it in a AGM video, didn't see that in a SEC filing. And absolutely did not see it in actions or results.
"I was told that he was only taking a low rate of compensation"
By who? I believe his compensation is a matter of record.
Also the gifting of shares to family members, do you know how quickly those shares were sold on the open market?
"He understood that other excecutives(sic) have violated many investors, because of greed. Hard earned money taken from investors with the use of Press Releases."
OTHER executives? OTHER executives? Who was quoted in all the bogus hyperbolic press releases, sure there were OTHER executives but mostly it was the Blier blathering up a blue storm, oh my gosh does somebody really need to pull out all those PRs? No, nobody does, EVERYbody here is absolutely clear on who said what even though the word OTHER is being used LOL. OTHER lol, hahaha, now there's a laugh to start the day!
"Violated many investors", now there's the visual which absolutely fits the years of lies and bilking "investors" and retail share buyers both, many were violated alright.
"It is important that these rascals should face criminal imprisonment"
Bingo. We finally have a winner. And should face the scorn of their peers. And vilification by their neighbors, unless they live in a snakepit of penny stock rip off artists in which case the Blier is a hero to the neighborhood.
Have a good day Bly, er, I mean heine.
jonesie