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First filing in 02054 Svorai docket filed today — just withdrawal of a U.S. counsel. Nothing more.
There was plenty of opportunity to get PlusOne coins. You just needed to follow Janice — the queen of the coin. Thanks to her I had a small imaginary fortune when it died.
PlusOne boosts was great because it wasn’t permanent and it only lasted a week or so, which is one of the reasons why it made a nice feature — of course, other than thinking twice before clicking pay to save those precious yet worthless coins.
Social media is built on a foundation of ‘likes’, which I’m afraid is what iHub is veering into instead of sticking to its roots, and what made it unique as a stock message board without all the noise and pointless bling. Why I stopped using Stocktwits.
Thankfully (for now) I have a refuge on my device where I’m immune from seeing the obligatory number of likes on posts.
Boosting posts with PlusOne coins was nicely done and had a minimalist design…easy on the eyes. Now every page is a over-exaggerated mess with this feature.
The like feature was a terrible decision. They should’ve made it a PlusOne paid feature. If they’re going to like a post, then put some skin it, otherwise it’s just willy nilly and a total mess.
I hope Janice and Oneman have a copy of the key to the vault, and hopefully you’ll still be checking your messages once in a while.
All the best.
That was really quick! It seems they didn’t want to drag it out and went out willingly. I guess being agreeable helps if they want to file a form 10 in the distant future.
That’s awesome! Was this back when VPCO dropped down from Nasdaq turned into HCMC? If memory serves me right I lost about 50%. You always remember the losses haha.
Beer money is still in the plus column — nice! I remember our VPCO->HCMC disaster. That was, I think, 461 billion shares ago lol. I don’t think they could’ve packed any more crooks into that play. Post our exit, some were later charged with multiple financial crimes.
I’m going to look up that other thing and get back to you Friday happy hour. I need to just put my bias aside and start paying iHub for PM again :-/
When one trades unemotionally, their judgments are based on logic, facts, and figures.
An emotional trader is the opposite — they bet on ‘hope’ and fall for fantastical stories — logic is doomed in this scenario. That’s a sure way of accumulating massive losses.
Thanks Lock. Saved me a search :)
Hey Chuck. I can’t remember if you were one of the people I had communicated with before CE that decided to sell. If we did, then well done — that would’ve been in .01’s. From what I can remember from back in the day, you had a pretty good barometer for an impending disaster and when to skidaddle haha.
You were right about buying product from himself. Smh
They were existing LLC’s but non-existent operational subsidiaries. He even says they were either dormant or closed down Pre-Covid, presumably they were non-operational by no later than mid 2020 since that was height of Covid. Yet, he merged non-operational LLC’s into CATV anyway, and him and Shaheed Khan managed to collect:
$900k purchase price + $270K in convertible notes for Health Care and Wellness Clinics of America, …of Florida, and Get medicated
And:
$245K purchase price + $105K in convertible notes for Corporation Clinics.
They converted it into ~750M shares as soon as the shares unlocked.
Shareholders still owe him and his partners, which includes some Russians he doesn’t even recall their last names (LOL) that are partners in CIGN, LLC — $7M purchase price plus $3M in convertible debt that’s collecting 6% interest. Let’s not discount the fact that the farm is owned privately by Feldenkrais.
That’s what’s called a shell game and a pump and dump. Plus, Svorai was doing all the heavy lifting with volume and Feldenkrais admits he didn’t have to spend a couple hundred grand to pump it.
Everything from this guy’s history and timeline points to a classic grifter profile. The defense attorney, was masterful in filling in the lines and painting the picture.
His mishmash history that he describes before CATV and the idiocy with the contract is another topic altogether. Wow!
Looking forward to volume II. Quite a read. Since the depo was in November and it’s just being released, then Volume II should get published soon. I would contact the stenographer to see what’s the holdup, or the clerk’s office to see why it hasn’t been released — if it’s not out by next week.
Transcript of deposition:
I think pretrial is scheduled for October. I have to go back and check exact date.
I want to say it’s unbelievable but it’s right there in black and white. It’s just sad all the way around, but I’m glad it’s out there. I’m putting some notes together on points that were simply glaring, but I want to finish reading the rest first.
Stars, good to hear from you. I’ve been on holiday for a couple of weeks.
In light of the Fluent/CATV Feldenkrais depo, you all should demand Feldenkrais cancel the rest of those series B shares and millions of dollars in convertible debt owed to him and his partners for zilch, zero, nada.
Bro, do me a personal favor and hold his feet to the fire on this point in his private chat group, or out in the open. Scream it from the rooftops. It’s crazy that he’s being allowed to get away with thievery.
I just started reading this depo and right off the bat I couldn’t understand the relevancy of the line of questioning and it finally hit me half way through that the attorney is establishing that Feldenkrais lies, bullshits, and obfuscates — a lot!
He has no concept of time, places, or who he was in these various businesses with. It establishes that he’s been jumping around from one failed business venture to the next and is very obscure and equivocal with his responses. This may all come back to bite him in the ass if they go to trial.
A guy supposedly on top of his game has no clue about the simplest of queries. Smh
I’m glad this depo is out there now so those CATV investors that can actually put two and two together can see in black and white, from Feldenkrais himself who he really is — that they got sold a bill of goods.
I’ll try to read the rest tonight and finish up tomorrow.
Whatever preferred shares held by those indicted should be cancelled, and if they were converted, then whatever number still held should be cancelled and returned to treasury. The company should’ve requested a NOBO list and contacted the TA to lock down the shares by now. The company is who needs to follow through with ensuring the book is closed on those shares… It’s their fiduciary responsibility.
Another problem here is the SEC administrative proceedings, with possibility of revocation, or 12 month suspension. The SEC letter was issued after they filed their form-15, so I’m not sure if they’re ignoring it altogether, or will take it into account as a defense for possibly the lesser of the two outcomes, or allow them to continue trading as non-sec registrant.
These SEC proceedings take a while to resolve. In my experience around 8+ months.
No further update about the 7/28 sentencing. There should be charging docs before then. There’s still a possibility of SEC revocation, so, none of this may matter at the end if there is no public shares.
No further update about the 7/28 sentencing. There should be charging docs before then.
You’re spot on. Regardless that Feldenkrais has attempted zip in the past year to show any sort of operation — anything at all to show he won’t be perceived as a legit PnD post CE, at least we’ve taken steps to clean up his shit show on a minute level. So these skeletons won’t jump out in middle of a run up.
If this has taught anyone anything at all, I hope it’s that speaking up and a little initiative goes a long way in protecting yourself. Imagine how far along shareholders would be today if in the last two years they were demanding all sorts of changes, instead of just meandering waiting for CE to come off. You’ve learned more info in a couple of emails than anyone in the past two years. Well done!
The more he’s shielded from scrutiny, the more he’s given a license to destroy everyone.
Now he needs to keep the AS at 5B, and cancel the rest of those series B shares for worthless subs, and do it before the CE comes off. He has converted enough shares for a bunch of BS that’s going right into his pocket. I mean, that list of debt holders is quite a hoot, but at least the leaner the shares are structured with respect to dilution from insiders, the better off everyone will be with negative perception from newcomers.
Just long enough to have an opportunity at a decent exit.
Wow, thank you for the update and your effort. They know it’s a problem if there’s a conflict between the state and what they’re reporting to the public as “verified”.
So much for their stupid verification badge when they don’t even do any due diligence to independently verify the information.
At least now we have confirmation that the TA were not made aware by CEO/issuer. Still curious why…
I’ve never seen this happen before. For the exception of what’s outstanding, you can always rely on the SOS site to confirm the share structure because the two numbers should always match.
This company is a very good case study for all sorts of shenanigans haha.
Let’s see if you hear back from Feldenkrais with an explanation.
Great job again, GTC. You got a member mark from me.
Thank you, yes, please do that. You’re not asking for them to give you what’s not public information, you’re asking them why is there a discrepancy between the state (10B) and what’s being disseminated to the public by TA (5B).
Thank you GTC. what I wanted to ask my PM buddy on Friday when he said TA isn’t giving any info is, did you/he specifically ask why is there a discrepancy between the state and what the TA is reporting? Because according to OTCM this needs to be resolved, so I’m curious what is the excuse.
You summarized the OTC accurately into three words… playground for scammers. you’re exactly right!
From CEO, to officers, to associates, to toxic funders, to paid promoters and minion pumpers — they’re all on the same script. You have to navigate and weed through all that. It’s a lot for a typical OTC investor to navigate, that’s why they’re an easy target.
I would just say never trust a word from the CEO of a stinky pink form-15 filer. There’s zero oversight for these people, so they’ll basically say whatever you want to hear.
Unfortunately you were lead to believe the farm is owned by shareholders, however shareholders are only leasing it from the CEO, therefore there are no tangible assets other than inflated goodwill. In the real world that and ten bucks can buy us a cup of coffee.
The cherry on top of the many layers of this poop cake is that the CEO was secretly trying to sell the very farm that he used as a tool to gain trust.
I’m not quite versed on the European market when it comes to oversight, but judging by everything else I’ve read, it seems EU has no patience for their citizenry being duped. But the states is land of the free after all, where we’re free to win or lose — it’s our choice, but it would be good to have a layer of protection to save us from ourselves lol.
There’s no question that our free market concept has gone off the rails a bit, but I wouldn’t go as far as saying it’s a western third world country. As far as the OTC market is concerned, it’s totally broken, rife with fraud and self enrichment schemes, mostly managed by borderline criminals (if not felons), and def rigged against us, but I think its days as we know it is numbered. There’s way too much fraud for one agency to manage the overwhelming number of complaints when resources are so limited. So, in a way you’re right, it is like investing in a Nigerian get rich quick scheme.
The 2021 rule change was way overdue, but a good start. A lot of this can be traced back to first part of 2010’s with Vape companies hitting the market…oooh, an exciting concept, followed by pot stocks… OMG OMG OMG , let’s go all in, which triggered a series of events that started to balloon out of control in 2013 where SEC basically started to lose control. There was a gold rush underway and it very closely resembled the Wild West.
By 2017 the commission were well on their way to shutting down certificate brokers to limit how much paper was being dumped into the market by insiders and funders (MASSIVE amount of dilution), and then went after unregistered brokers and toxic funders with death spiral financing, which finally led to the amendments to the rule in ‘21 that took away a lot of OTCMs exceptions that was perpetuating the problem, and this finally gave brokerages a legit reason to limit risky investments.
Maybe the agency will continue pushing congress to make incremental changes to limit high risk securities, but still a long haul to any semblance of an orderly market where OTC is concerned, however, not nearly as insurmountable as it was between 2011-2018. We’ve come a long ways.
Exchange traded tickers aren’t immune from the same shenanigans, but it’s a lot harder for insiders to get away with what OTC insiders get away with.
Don’t get me wrong, I have nothing against PnD’s — we have rules on the books for the pump and the dump (not applicable to form-15 filers), and as a matter of fact I like trading a good PnD — OTC; exchange; in whatever form they come. It’s a nail biter, but there’s good $ to be made if you go in recognizing that these are not legitimate investments. A few days (couple weeks max) hold with some basic DD can get you by so you don’t get bagged overnight. Regardless, it’s still a herd mentality that can turn in a blink of an eye.
A lot of people made upwards of seven figures in the pot stock boom - it was a modern day gold rush… unicorns were flying out of our asses faster than we could press buy, but overwhelming majority lost it all because of greed and ignorance. That’s what you call fool’s gold.
I have my fingers crossed that you all will get a chance at some point in time here to run with the herd, just know when the gettin’ is as good as it’s going to get.
Good luck to you.
This is the first chance I’ve had to respond to a post that was nuked. Its’s a very good question why a non-shareholder would do more research than an actual shareholder, and why I’m posting here.
I scan and post on IHub and Twitter when I have free time. I answer questions as soon as I can if I get a notification, but sometimes it takes me a while. Unfortunately I couldn’t answer earlier today before the post got nuked because I was slammed. I’m doing research on stocks, that frankly the investor should be researching. I’ve so far got over 2B shares worth of dilution off the books here, and about to force Feldenkrais to reverse an additional 5B shares in Authorized….You’re welcome!
Do you think change happens in shareholder favor by stroking some crooked CEOs ego? OTC is hilariously entertaining LOL.
This is the problem with OTC — people don’t research anything before jumping in feet first. They go by some guy, who posted something on a chat that said his second cousin’s girlfriends uncle looked into it. That’s why there’s massive losses and sleuths doing the heavy lifting. This amendment with AS was there since Oct 2020… OCTOBER 2020. Smh
I got to this ticker because of research on Svorai and Vaccaro et al FBI investigation where CATV and CEO is mentioned in another scheme he was perpetrating. This implication alone should be a deal breaker. The exit strategy should’ve been implemented when there was a clear warning and indication from the other six companies implicated that there will likely be a CE. But, then again this is the OTC where logic, deductive reasoning, and intellectual curiosity goes to RIP.
Btw, if I reach out to my contact at OTCM it’s not just regarding one company. You place entirely too much importance on CATV where I’m concerned.
Finally, I didn’t know about the amendment until someone brought it to my attention in PM which I’m annoyed because it’s going to force me to buy a membership to be able to communicate properly since I missed the 4-5 open PMs happy hour today. Yes, I can walk and chew gum at the same time. Sorry to disappoint your illusion that just because we post on boards that we don’t have a life. If you had actually posted here more than a handful of times, you’d know it sometimes takes me hours if not days to reply.
I’ve been on CATV state SOS page, at least a couple of times early on, but only to look at their series B preferred share conversion mechanism that was recently disclosed in an amended OTC report. I didn’t bother looking at an amendment about their name change because I’m usually in a rush! I might’ve glanced at it at some point and read the name change, and went directly to who was the signatory officer. So, I wasn’t paying close enough attention or I would’ve caught it back in 2021 — I think this says more about the lack of attention from “investors” than me.
Now you’re miffed because a SH took matters into their own hands and did research? I live for these type of posts lol.
Better question is why didn’t you catch it? You had access to the same tools as he or I. It’s not like it’s some secret portal where you need to solve a series of clues to gain access. What exactly have you contributed to the research? Have you reached out to OTCM, TA, Feldenkrais, paid Pacer to keep up with the docket that the company you invested in is implicated in, looked into any one of these criminals, reached out to others in south Florida penny stock community to research the depth of the CEOs connection with Svorai? Anything at all that’s a smidge more than snidely remarks?
I mean, yeah, you’re right, it’s not my money on the line that is going to get heavily diluted by an additional 5B shares.
Well, thanks for asking. Hopefully you’ll hear from him by tomorrow. I got a PM that a SH is contacting TA tomorrow for an answer. Hopefully I’ll know more by 4:00 pm when I can have PM to communicate. I’ll keep you posted.
My contact told me that this is the company’s problem for not providing TA with the accurate information, and not reporting the same on financials for public consumption, as OTCM site only disseminates the information from the TA, which I already knew and wanted to ask a couple more detailed questions, but had to get on a conference call. I’ll try to reach out again tomorrow if I have some free time.
Tbh, I don’t think anyone but either the TA or Feldenkrais can answer why this conflict wasn’t reversed or accurately reported. If Feldenkrais gagged the TA, then he’s the only one with answers.
Thanks… Yeah, that AS count is a problem. Couple of others sent me screenshots taken a little later than the one you have, however with the same info —— btw, I appreciate everyone’s effort, but can’t respond without PM until tomorrow
I did speak to my contact, and I’m waiting to hear if GTC got a response from Feldenkrais.
GTC, did you ever hear back from Feldenkrais?
Full me LOL! Fool****
You may be right. As they say…full me once shame on you, etc etc. Lol.
Very good. Please keep me posted…
Yes sir. We had a long conversation about this last night.
This is a problem. There is a three year long discrepancy between the state and the public securities. This is a conflict where state trumps what the company is reporting to TA and OTCM. There’s currently 10B shares authorized on the state amended articles that was never unwound.
Maybe you can call the TA?
No problem. I don’t know how many more times they can get away with punking shareholders with this divi.
GTC, I think I read you’ve been here since 2020? Do you, or does anyone recall back in 2020 if the Authorized shares were reported by TA as 10 billion at any point?
Would anyone happen to have a screenshot of the share count back then?
Thank you! I was just about to go look at the rule. As I mentioned to Olives I wasn’t sure if AS applied to 6490.
So there’s a problem here. There is indeed an unresolved discrepancy between the state and OTCM/TA.
I’ve seen issuers increase the AS, just to turn around and reduce it as a pump tool, especially with forward/reverse mergers, and then follow up with a subsequent amendment with the state to reverse the increase, but have never seen one with years long discrepancy with share count.
The point is they can’t have a share discrepancy for three years or indefinitely. If the company decided against it, or if it failed to be processed by FINRA, then they would have to file another amendment to unwind the corporate action.
Yes, I agree a reverse/forward split has been documented to run into problems with FINRA and rule 6490 (see links in my reply to 1manband), but I’ve never seen a straightforward Authorized share increase get snagged.