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Hey Stars. Correct, we know he front loaded shares in his father’s name, and the government was trying to prevent him from selling those shares in February, ‘21 when they arrested Svorai, but we don’t know who else — like maybe also his two brothers Dekel and Doron that were always at the core of his ill gotten gains. Maybe they didn’t want to name others for reasons relating to their specific cases. The brothers are also co-conspirators in the big case. Maybe his wife or his sister-in-law that he was planning on using for the debt — but they’re in Canada so it would be difficult to track. Idk, I just know he never let front loading a reverse merger go to waste. I don’t think Feldenkrais would have either.
I don’t believe he would’ve sold those shares in his fathers’s account when the scheme was just heating up. That’s not like him.
Feldenkrais got in bed with criminals by choice. No one forced him to merge his so called business with a guy under federal indictment. No one forced him to instruct individual-1 to send backdated resignation letters. No one forced him to stand by and watch Svorai gain control of outstanding convertible debt equaling 40% control. In fact nowhere does it state or exhibit that he ever objected to any of what was going on.
Fact is Feldenkrais never issued a PR since the case came to light in 2021 to explain Svorai’s lone involvement in criminal activity in CATV, or deny culpability in any shape or form, or clear the record of his knowledge. This is beating a dead horse for nearly two years.
I was right on the deadline, but again, I assumed there were no other snags. Obviously that was premature.
We don’t know what they asked Feldenkrais for that needed to be certified by a new opinion letter. If everything as far as dates and numbers are the same, then that’s his response via the attorney letter.
I spoke to someone that has a better grasp of the intricacies of OTCM last week, and she said the request of the NOBO list would have nothing to do with CE removal if it was required by OTC Disclosure Dept. since the account was locked pending additional information. It has to do with questions raised about the accuracies of what they’re stating on their financials. She said this rarely happens, but does if your account is flagged.
As I mentioned before, in my opinion, it all started with the attorney letter that was issued in November stating ~500M shares issued to Auctus representing ~13% beneficial ownership, yet failing to disclose it in any of the financial statements. If this was a SEC-reporting company, the commission would make them amend every single financial statement since the merger to represent true beneficial ownership. That’s very costly!
I think there was also a flag raised with the volume of shares issued to insiders. I believe OTCM had them issue an amended annual report to show by what formula insiders converted their series B shares. This is great info for SHs to have, since before this disclosure you’d have to dig up the conversion feature of preferred shares at the SOS site.
What Svorai owns wouldn’t pose a beneficial ownership concern since it’s likely under 4.99% threshold, but it would pose a bad actor concern, but that would have to be sorted by the other department, and has nothing to do with what’s going on with the financial disclosure.
We had a conversation about this. Feldenkrais previously confirmed in the group chat that the NOBO wasn’t requested by the CE removal department.
Again, if everything checks out, it should be cleared by mid next week. If not, then there’s still more questions. You’ll know either way by that time.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171722510
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171723883
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171725228
I appreciate that, but don’t sell yourself short. You’re closer than you were a year ago, and I’d like to believe you all will be long gone before if/when things take another turn.
I have a feeling when the time is right you will know what to do if all signs are pointing one direction :)
Gaardo, as I mentioned yesterday (I think) everything I’ve read for the exception of GTC_123’s communication with the TA has come from the chat group. He doesn’t seem to want to address all of his SHs for some reason.
I’m curious as to why is he not starting a conversation in the open on Twitter through an official CATV account where everyone can take part?
Actually, it likely wouldn’t have happened up until when Svorai took a deal. If he wanted to implicate anyone else as part of his negotiation, then he would’ve waited. That’s real currency for a man facing many years in prison. If any of these crooks implicated others, then it still has to go through a proper investigation, and thoroughly vetted to verify facts. They can’t just take his word for it.
Much like how Zoyes used the CATV scheme to implicate Svorai for a lighter sentence. They still had to get a trap and trace warrant. From everything I’ve read It appears Feldenkrais was more in bed with Svorai than Zoyes. I’ve lost count as to the number of felonies he has racked up throughout the years. He’s a career criminal. Him and his daughter Cortney (not misspelled) have been associated with numerous scams on OTC.
Also, similar to how Taieb sold everyone out. It still took almost two years for the Feds to investigate and file new charges adding more defendants to the case, but he ended up with a single felony charge. Not a bad deal for him. I’m certain these weren’t the only accomplices that turned on each other.
It’s also interesting that they locked up Svorai for months in the CATV scheme to protect Zoyes, when they learned that Svorai had previously threatened a co-conspirator — to hire and fly in Russians to hang this person up by his toes, chop him up into pieces and toss him into the ocean.
What an outstanding group of friends to get in bed with — to help you along with your business ventures. Smh
There is another statement implicating Feldenkrais with the forged resignation documents. I have to search for it, will post when I have some time.
Here’s the copy of the page from the transcript:
Sobel is Svorai’s attorney speaking on the record to the judge by including a proffer regarding Feldenkrais, and to establish that Svorai was not the CEO, nor did he have any managerial role that would prohibit him from buying large blocks of shares (for the exception of being under federal indictment). What it did however accomplish was for Feldenkrais to admit Svorai was helping him.
I just noticed two of the stocks involved in the FBI case receive revocation letters from SEC. They’re moving faster than ever before with suspensions and outright revocations. I don’t think they have much patience anymore haha. It’s nice to see them cleaning house.
GTC, The affidavit did not mention Feldenkrais because it was only limited in scope to Svorai — so a judge would sign off on the arrest warrant, however Feldenkrais was in fact later questioned and he did admit that he was aware that Svorai was buying stock in CATV and helping to bring the company current. I can find it in the transcript in my files if you need to see it.
Well, I’m assuming everything checks out and OTCM gives a 5 day timeframe to restore status. Technically it would’ve been yesterday, but if all is well it shouldn’t be later than close of market today.
Again, I’m just assuming there are no snags.
Here’s an archive of the Twitter account that since has been deleted.
https://web.archive.org/web/20230302033301/https://twitter.com/Kellyshipman16
Thanks Sam. I’m going to try and make sense of this. As I mentioned in another post, I think these are outliers with specific problematic patterns. I am however curious to see if Schwab is allowing TD account holders to transfer CE stocks. I read the merging of the accounts should be completed between April - September.
A corporate Twitter account is considered an acceptable form of communication according to SEC. He should be using the CATV Twitter account to answer questions there. At least there is a good chance it’s viewed by a larger pool of shareholders. He shouldn’t be part of a private chat group.
So, you were booted from the private chat group because of basically trying to protect your hard earned cash by opting to forego the daily dose of hopium being spoon fed, and choosing objectivity by showing intellectual curiosity… sounds like a perfect trap for dummies, and a quick way to go broke. Smh.
I applaud you for having enough fortitude to think for yourself.
The first warning I posted on this board was that there will be a CE. I had a total of 3 people in my DM’s that heeded the warning and sold in .01’s. The rest chose to tell me to F off. Nearly two years later here we are…
Point being, these private groups are for shmucks that need plebs to validate their bad decisions. Misery loves company.
As far as Feldenkrais is concerned, you all have had his back for a very long time (definitely not by choice), and you may get a chance for at least a flat exit — the very least he can do is not jeopardize the entire collective, and choosing to act in everyone’s best interest by exhibiting he’s on the up & up, not meandering in a private chat for the benefit of the few that pass on the tidbits. That’s bush league management at a time when everything is scrutinized, and totally irresponsible for a CEO.
The pink limited information should be removed today, and going forward for everyone’s benefit, I do hope he reconsiders continuing to make bad choices.
I agree, but I don’t recall any limitations on trading of unflagged penny stocks that meet current criteria. I know there are no brokers in the country that allow trading (buying) of flagged penny stocks, in particular CE designations, but as far as I’m aware one can freely trade penny stocks that meet the ‘21 rule change.
Fidelity is one of my brokers, and although I haven’t traded penny stocks in that account in years, they do allow trading in about a 1000 OTC tickers, compared to 10,000 with TDA.
Penny stock holders.
I’m curious if these are outlier accounts. Perhaps only relating to CE stocks. I can see how they may force liquidation of those holdings before the account is transferred, but to not transfer any penny stocks — seems extraordinary.
It would seem this would be earth shattering news leading to massive meltdowns on iHub if that was indeed the case with all TDA/Schwab penny stock share holders. I hope others can provide more insight here as to the accuracy of that post.
If it’s true, then they’re in for a rude awakening.
Selectively communicating with shareholders is always a bad idea — being a member of a private chat is even worse, as a good chunk of the information we currently have has only been shared by Feldenkrais privately and not in a PR to all of his shareholders, for the exception of GTC_123 taking initiative and communicating directly with the TA and forcing Feldenkrais to respond.
If Feldenkrais wanted to communicate broadly about the financials, OTCM request for a NOBO list, delays in removing pink limited information, CE removal, etc, etc — all of which he has only communicated privately, then he should’ve put it in writing addressing ALL of his shareholders with an update.
What SHs fail to realize is SEC reporting or not, he is jeopardizing their holding as OTCM also takes issue with this type of communication, by slapping a CE on companies that are perceived as pumping their stock without proper public disclosure. Since the company already has a CE it could only lead to further delays by casting a cloud over their public disclosure.
I would suggest to chat group members to tell Feldenkrais (who btw should know better than to be part of a private chat - smh) to issue a PR ASAP.
Yes, they wouldn’t be flagged depending how it was segmented. They bypass 5% thresholds with regulators and brokers. It’s easier to identify when one entity holds a huge chunk, than having multiple entities holding tranches of let’s say in this case 5 x ~98M shares each.
Rule 144 provides a safe harbor exemption, as well as placing roadblocks in selling unregistered securities, especially for insiders/affiliates. An affiliate (insider) would never purchase old debt in their own name, as it becomes subject to those guidelines and restrictions. They would put it in friends, or a nominee’s name, or anyone at an arm’s length per se.
Insiders make a killing by purchasing old debt, often amidst a merger when the debt holder is willing to make a deal. They have someone buy them for face value and dump them with every pump, and go virtually undetected.
It’s become way too frequent on OTC tbh, since toxic debt through traditional funders has become more scrutinized in the past few years.
Good job! Some companies put a restriction on communication with their SHs and the TA, hence the response you got, otherwise TA’s freely share that information if they’re not restricted by the company.
As to your point with divestiture — there’s no way they sold those shares (~493M) between November 2022 and 5th of April this year, so they were transferred in tranches (each tranche totaling less than 4.99%) to a series of third parties. Someone still holds those shares, they just haven’t sold them yet. They could’ve also been sold by Auctus to a foreign agent absent US restrictions for a chunk of cash, so someone abroad could be holding ~493M shares if that’s the case.
Btw, insiders LOVE purchasing old debt for a chunk of cash, and it’s never in their name so they bypass rule 144 restrictions. This is a practice that’s well known on OTC. Food for thought…It’s hard to say who has the shares.
Point being, it’s implausible that they were sold in the open market and they exist somewhere out there as an overhang.
Great job with getting an answer — that’s how you do it!
It would’ve still been listed as a subsequent event with the 15M new shares issued to Auctus as an exchange and the TA would’ve updated the OS in the 4/17 share disclosure if the suit was settled on the 5th.
The thing is CATV should have, but never disclosed this information in any previous filings in the past. They only disclosed it once since the merger, and not until November 2022 in an attorney letter, which SHs typically never check.
Maybe if someone wants to be proactive, they can call the TA next week and get an updated share count, and ask if there were any shares canceled subsequent to 4/17.
Thanks GTC. does it detail what happened to the shares that was issued to Auctus back in 2020?
They were issued over 600M shares, in 2020 and still had almost 500M shares to convert - over 13% of the OS as of November of last year.
Since these shares were part of the OS — If they were miraculously returned/canceled it would be a line item as an addition to the treasury shares.
Check to see if you see it anywhere. I’ll check this afternoon when I can take a closer look.
Looks like they had to amend their financials, which was posted yesterday. I only had time to do a quick scan, and what stood out was they had to include conversion terms of their preferred shares from their articles of incorporation, verbatim from their Sunbiz filing.
I haven’t looked further and will do so this afternoon.
It sure seems like raising funds is not the primary objective of the C filing.
Offering Information:
Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering:
The intermediary will get paid a success fee of 8%
Any other financial interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest: None
Type of Security Offered: Common Stock
Target Number of Securities to be Offered: 200000
Price: 0.05000
Price (or Method for Determining Price): arbitrarily
Target Offering Amount: 10000.00
Maximum Offering Amount (if different from Target Offering Amount): 250000.00’
Oversubscriptions Accepted: ? Yes ? No
If yes, disclose how oversubscriptions will be allocated:
First-come, first-served basis
Deadline to reach the Target Offering Amount: 12-16-2022
NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.
The trial was postponed a couple of weeks ago. The next pretrial hearing for those without a plea deal is scheduled for 5/2. I’m sure the trial will be scheduled by then.
According to recent correspondence I had with OTCM the company is considered current with SEC via the Reg-C, even through they filed a form 15, and their last form-C-AR (annual report) was for period ending April 2022.
I guess this (Reg-C) is some kind of back door to get by quarterly requirements, and continue trading as a hybrid? I really don’t know. The only flag they have on OTCM is This security is eligible for Unsolicited Quotes Only. They have a corporate action (Divi) scheduled for next month, and I’m curious to see if it’ll go through with FINRA.
I’m also curious to know if anyone else has noticed this with other OTC tickers or can make sense of it.
As always, thank for your input :)
Janice, do you know if there’s a loop hole in regulation crowdfunding where a form 15 company can be designated as pink current when they haven’t filed a financial disclosure to OTCM in a year?
https://www.otcmarkets.com/stock/BTZI/disclosure
The volume in both is anemic.
This is a huge problem because often those tickers were affiliated with other current tickers and contain relative information that no longer can be accessed. The filings should be archived at OTCM, just like news releases are archived at various public sites.
I’m surprised there isn’t a paid site that keeps these records accessible for a fee.
Thanks for the update. That’s not out of the question, but strange that OTCM gives a 5 day deadline per their own procedures and deadline to update issuer designation as it relates to financials. I mean, it’s not like companies depend on it lol.
Taieb was in the original complaint back in 2019. He apparently cut a deal and turned over evidence very early on that dropped his name from subsequent indictments, and likely played some role in the indictment a year later of the 3 (Vaccaro, Svorai, Ruggeri) turning into superseding indictment of 6 individuals (Vaccaro, Svorai, Ruggeri, Hagen, Biton, Berly). He officially plead guilty early last year. Idk what’s going on with his sentencing, but seems to be taking a long time, and pertinent portions of his case is still under seal.
Presumably information is kept under seal to see which way Vaccaro and Ruggeri plead, or until his sentencing.
On a separate note, has anyone checked with Feldenkrais in the group chat to see why the ticker is still under “limited information”?
I’m curious because this should’ve been resolved by last Wednesday (5 days) if everything checked out.
The only thing that I can purely speculate on is that the NOBO list may show questionable shares — particularly 200M Svorai shares that I’m aware of, and/or maybe someone else that wasn’t disclosed by US attorney, and separately there’s ~500M Auctus shares that are 5% or higher beneficial ownership. They own ~13% of the outstanding shares.
If you’re in the group maybe you can ask for an update.
Taieb’s sentencing has been rescheduled from May 2nd to August 3rd. He plead guilty early last year and his indictment by information was filed in May/2022. Seems to be taking quite a long time for sentencing.
Thanks, Janice. Auctus is holding over 13% of a pink sheet (CATV) without ever filing a schedule 13. They started at over 20% in 2020 with no disclosure either by them to the SEC, or the company noting them as beneficial owners of over 5% in financials, until last November casually mentioning them in an attorney letter, along with insiders, and then nothing mentioned again in subsequent filing. Incidentally OTCM has requested a NOBO list from the company.
That’s why I was curious if something changed with regulations as it pertains to form-15 pink sheets. Crazy!
Taieb’s sentencing has been rescheduled from May 2nd to August 3rd.
Another 50% and I can call it a wrap. I’m not greedy lol
Janice, quick question…aren’t toxic funders still supposed to file a schedule 13 if they own more than 5% equity interest in a form-15 pink sheet?
Looks like the Yourist’s decided to buy a promo…