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Thanks man. I didn’t notice this post until just now haha.
I’m sure my posts aren’t considered positive, but investors should demand facts over fantasy. Information is power, and emotional investors are their own worse enemy, hence my dry-toast posts lol. I’m really chill outside the market
Best of luck.
Gotcha…I agree, that OTCM won’t move on the matter until either the indictment by information is filed which will consequently terminate the existing case thereby moving the indictment into a new docket, or, when sentencing happens at the end of July.
If I had to take a guess, I would say once there is an indictment filed and a new docket is created, hence terminating the previous, then waiting for sentencing is of no consequence to their decision making factors. However, if they want to play it extra safe and wait for sentencing, it would be totally plausible.
Interesting to note, POTN filed a form-15 late last week to delist from SEC reporting requirements even at this late stage when everything seems to be moving along, and their CEO took a plea deal. I think they’re presuming they still have a long ways to go and are heading off a regulatory revocation order.
They filed a form-15 to delist from SEC reporting requirements. They’ll continue to be quoted/trade as a non-SEC reporting pink sheet on OTCM marketplace.
They filed a form-15. I guess management thinks there’s still a long haul and would rather save the SEC compliance fees. Back to where they started couple years ago.
Stars, please ask him while you have him there, whether the NOBO request was made right after he filed financials, or if he was locked out altogether to begin with.
So, is his contention that no CE lift until the big case is closed, or when the CATV case is terminated? Big distinction between the two!
Don’t bother with Amsel. There’s nothing he can do.
I’ll follow up in a bit to discuss more as I’m heading into a meetin.
Yeah, I thought this was a very strange request. There’s no regulations that requires pink sheets to submit a NOBO list. A NOBO list is quite expensive depending on number of shareholders, and there’s no way pink sheets could afford this every time they went to go file.
My experience with OTCM is the departments are very much segregated and have to adhere to laws and regulations pertaining to Federal laws (SEC), AND various tiers of their own marketplace, so I sort of can’t see a department dealing with sanctions requesting for another department to get the information, as one really doesn’t have anything to do with reporting requirements. Keep in mind this industry is full of red tapes, and each department needs to be tightly controlled to manage thousands of issuers.
I wish he had said it was separately requested, or he was told the account is locked until you submit the NOBO list to the department in charge of monitoring sanctions.
Just my opinion, but seriously, it’s all a best guess game at this point haha.
My best advice is count 30 days from the day he said he filed — add a couple of days for cushioning, and that would be the deadline.
A good question for the group to ask Feldenkrais is — whether each time he filed in the past for removal, did he get a rejection reply, or just silence.
Sorry for the delay…I’ve been swamped.
I don’t believe there’s any questions about Feldenkrais controlling the series A shares. Those are super majority shares representing 60% of the voting block, and they really have no conversion value, only control. These shares would not be represented in a NOBO list — only shares beneficially owned in the market.
There’s still a question whether documents were forged to gain control of this shell, but a NOBO list won’t answer that query.
As far as the NOBO list, in some instances it’s not that simple to extrapolate who exactly holds shares, as some shares may be reported in aggregate, and there’s also the probability that any questionable shares are more than likely OBO when it comes to the Svorai family (or Zoyes & Nahon, etc).
I can say with a level of certainty that this crew would make sure to sign a OBO with their broker hiding their identity. However, if there’s huge blocks (Over 100M) flagged that Feldenkrais can’t account for as insider shares issued for the subsidiaries to himself and his partners, or part of the 400-500M (I don’t remember exactly) that was issued to Auctus, then I would guess OTCM would err on the side of caution and assume they’re questionable. But, if there’s nothing glaring, then it’s easy peasy.
At half a dozen he’ll get free Ramen seasoning at the commissary for life :)
Zoyes had the CATV shell, which led to the three subsequent allegations of fraud. I’m assuming Zoyes cut a deal with the Feds shortly after he was approached by Svorai that he had someone to put in there for a 60/40 split, and a bunch of debt that Zoyes sold to Yaniv Nahon which netted 2B shares, which he never got to dilute. So, they got a tap and trace and recorded everything.
There’s so many people, brokers and promoters in this case that are up to this point unnamed co-conspirators — it’s really hard to figure out who’s who. Knowing her history with this crew, I would venture to guess she’s somewhere in there.
Yaniv is an unnamed co-conspirator in a very serious case involving at least a dozen people, multiple pubcos, brokers, and promoters. He knowingly helped them dilute billions of shares, and did a shit ton of insider trading. They won’t just let him walk for nothing. He’s F’d!
Exactly. And he is one out of six named defendants in this case that are cutting deals.
I don’t know if you recall, but he got busted running a separate scheme in CATV back in 2021, while he was on house arrest…lol. His long-time partner in crime, whom you’re quite familiar with, Michael Zoyes, who was also a co-conspirator in the same case became a CI and turned on him. So, he had three counts pending from the CATV case, which I believe feds used as leverage. CATV has been on CE ever since (along with the other tickers), as there were questions about their CEO who willingly got in bed with Svorai, and also questionable shares.
I guess they went to go file last week and got locked out pending a NOBO list. I’m assuming they need the NOBO list because of the recent request to remove the CE in light of Svorai pleading guilty, and OTCM would need to examine for bad actors.
Last I read, the government’s allegations were Svorai’s father holds ~ 200M shares in CATV. There was also 2B shares put into a escrow account by current CEO for benefit of Yaniv Nahon, another one of Svorai’s co-conspirators, and after the allegations were discovered and CE placed, the CEO Michael Feldenkrais cancelled the shares, and the debt is no longer reported.
It’s quite a web of deception and intrigue, that seems to keep producing new allegations of crimes with shady characters behind the scene.
Yeah, they really screwed it up! Next up for Svorai is 7/28 sentencing. There’s no date for the hearing they rescheduled which would pertain to Vaccaro and Ruggeri. The next pretrial hearing for them is scheduled for 5/2. Maybe they’ll have a date by then, or they’ll plead out.
Anyone following the Dror Svorai criminal case involving VPOR, POTN, GRCV, CNCC, WLAB, CLCI — he plead guilty this morning to Counts: 1, 9, 15, 16, 17, 18. Basically all the superseding charges minus the money laundering. Sentencing scheduled for 7/28.
He got served on a cold plate :)
Dror Svorai plead guilty to:
Counts: 1, 9, 15, 16, 17, 18. Basically all the superseding charges minus the money laundering. Sentencing scheduled for 7/28.
It’s a good day for everyone, except Svorai hahah.
Dror Svorai plead guilty to:
Counts: 1, 9, 15, 16, 17, 18. Basically all the superseding charges minus the money laundering. Sentencing scheduled for 7/28.
He got served on a cold plate :)
Yes, it was this morning. Svorai plead guilty to all but one of the superseding charges (money laundering). Sentencing is scheduled for 7/28. I’m hearing 5 years (unofficially). Since it’s federal he’ll have to serve 85% of whatever time he gets behind bars.
Pre-trial status hearing for Vaccaro and Ruggeri is scheduled for May 2nd. Today is Svorai’s guilty plea.
Exactly, bad actors check is a must.
I believe the big case was only relevant up to this point, as Svorai was already under indictment with some of the same co-conspirators here (Zoyes, Nahon) as in the big case.
There’s really no way to know for sure how OTCM will proceed, or what criteria they’re using, but my opinion is If he’s pleading guilty to the charges, and it really doesn’t matter which charges as some will get dropped in a deal and frankly is irrelevant, then the docket with the CATV case should be marked as terminated.
Now, the only caveat with CE would be by way of the NOBO/OBO and possibly a TA check — if they can see Svorai, or anyone else (other than insiders) holding large blocks of shares. That, in my opinion, would be the only roadblock that could hold up CE removal, since OTCM would have to ensure the shares are clear from what they consider “ bad actors” holding a stake.
If in fact the 2B Nahon shares were somehow written off, and somehow Svorai’s father disposed of his 200M shares, or that they were in some way that I’m not aware of cancelled, then there’s nothing left there to protect potential investors.
For sake of argument, hypothetically speaking — if Feldenkrais was named by Svorai to have participated in the scheme, then they’ll still have to clear the CE and wait for official charges, because the public nor OTCM will know without having real evidence by way of a new affidavit whether there’s new allegations, and there’s no timeline as any new evidence or allegations takes a long time to be vetted. OTCM can’t hold the CE indefinitely without legitimate reasons, that mainly being erring on the side of caution and protecting the public.
I think you will know one way or another shortly after he’s provided with a new docket.
For sure. I’m celebrating Svorai’s guilty plea tomorrow, and rooting for you all to be able to recover your investment at some point in the not too distant future :)
Oh, gotcha…thanks, I thought it was a PR.
I just took a glance at your link.
Here’s my interpretation of his post:
They were locked out of electronic filing of financials pending a NOBO list review by OTCM. Pink sheets are not required to submit a NOBO list to file or be quoted on OTCM. They likely didn’t find this out until they went to go file, possibly last Friday, hence the delay to obtain the list from Broadridge. Only the issuer’s officer or counsel can request NOBO/OBO lists, so OTCM had to make this request directly to the CEO of the company to provide the info.
Now, the interesting question becomes why would OTCM need to see who is the beneficial holders of this stock?
I could hypothesize on both sides of the spectrum for this request — the positive and the negative, but interesting nevertheless, and hoping for the former for longs benefit. Thanks again for the info.
Just so I’m clear the PR is on “ST” stocktwits? I’m also confused as to what a NOBO list has to do with a pink sheet, that’s why I was looking for more context. I’ll take a look there. Thank you!
Stars, could you (or someone) point me to the PR or paste a link? I don’t see it for some reason. I don’t understand the NOBO reference and looking for more context.
TIA
Rescheduled to 4/5. Another couple days. It doesn’t appear as though Vaccaro will be offered a plea deal, but a lot can change by the 5th.
Lock, you can’t share the info due to federal code limitations, as it’s not open to the public, but the trial and subsequent testimony to the judge is via video conference. You don’t have to be there in person. I’ll reach out to you tomorrow on the other platform brother. Have a good night.
Anyone that shares information with the government as a victim (or not) is given updates and more of an insight into the case.
You’re given a number and a pin.
I would share the contact info for the trial if I could, but federal code prohibits sharing this info with anyone that is not directly linked to the case. For instance if I couldn’t listen in for some reason, I couldn’t ask a friend with the same info to record the hearing on my behalf. That would be a violation.
Well, knowing Svorai, that running scams by default is in his nature, then we can deduce round 2 will be conducted from behind bars lol
Yeah, this couldn’t have been scheduled for a worse time…my schedule is packed for the next month as well. I have an option to make a statement during the hearing to the judge, but have to let them know soon.
I’ve been traveling for the past couple weeks, but got a notification from the government that the purpose of the hearing on the 5th is for Svorai to plead guilty. I have a number and code to use to dial into the hearing.
There’s four types of plea agreements that can be negotiated:
charge agreements, recommendation agreements, specific sentence agreements, and fact-stipulation agreements.
A charge agreement is an agreement that certain charges will not be pursued or will be dropped. The defendant can pick the crime with the most favorable sentencing scheme under the sentencing guidelines.
Under a recommendation agreement, the prosecutor will recommend a particular sentence or will not oppose a sentence request made by the defendant.
Under a specific sentence agreement, the court will impose a specific sentence within the guidelines range or a specific sentence that departs from the guidelines range for justifiable reasons.
A fact-stipulation agreement is not a separate plea-bargaining tactic under the rules or guidelines. These agreements support part of one of the other three types of agreements and include additional facts.
There’s still a lot more that goes into consideration, like adjustments to the offense level of the offenses charged, departures from the guidelines, multi-count indictments, and fines and restitution.
At the end it’s up to the judge to decide if he’ll accept the terms of an agreement.
It’s becoming hilariously confusing by design.
Interesting that Cathie Wood/$ARKK sold 160k shares of $COIN yesterday.
Coinbase received a Wells notice from the SEC Staff in their Item 7.01 Regulation FD Disclosure. A Wells notice typically precedes an enforcement action.
Statement from Coinbase:
It wasn’t you — it was never supposed to be a legit business. There’s been so many people trying to show them potential, all the way back to when it was SPLI and wolfofweedst tried to steer them. It was always a scam.
If there was anything of value, Dror made sure there was a variation in name and/or ownership (just like the farm in CATV that SH’s don’t own) so that SHs never had a claim to it. It was all made up for the purpose of a PnD and a share selling scheme. If it was real it meant that he had to actually work, and that man has never worked an honest day in his life.
His entire MO going back decades has been running a scam. I’m surprised it took this long to nail the sob, but then again if it wasn’t for shady BD’s getting shut down left and right, and him getting desperate, it would still be going on full force.
No, plea hearing in front of a judge will be in 3-4 weeks. Sentencing won’t happen for a while longer, after the plea is entered.
Hagen is pleading guilty and is excused from 3/21 pretrial conference.
Counsel requested change of plea hearing be set no sooner than 3-4 weeks out due to Defense Counsel dealing with an 87 year old elderly father.
He was close to reaching an agreement a couple of months ago, so I’m assuming the deal is made by now. I’ll have to take a closer look at his docket to see if there’s any new updates.
Correct. Sometime late last summer when the time table for the grand jury was about to run out, I hypothesized that it’s likely they already have an indictment under seal for the CATV charges.
Technically, and rather simplistic view is if Feldenkrais wasn’t implicated by Svorai in his plea (or anyone else under indictment implicating him) and the shares can verifiably be squared, then there’s no reason for CE to stand. However, there’s always the matter of intent that the government can go after Feldenkrais — for knowingly getting into bed with a group under federal indictment with knowledge of a scheme, but idk if it’s worth it for the feds to prosecute Feldenkrais without either Svorai or Zoyes, or Nahon, or Skolnick (any one of them) directly implicating him as a co-conspirator. They can refer the matter to the SEC, as it falls outside the scope of criminal intent.
Yes, Feldenkrais is obviously a scumbag for showing reckless disregard out of the gate, and with all the other revelations here, like the fact that CATV has no real assets, for which shareholders owe him millions of dollars for, we can safely deduce that he was in it for a get rich quick scheme, but to prove intent in legal terms without corroborating witnesses is a tall order.
So technically, yes, once Svorai’s new docket is wrapped up, it should move the needle with OTCM, but it’s really unpredictable as to time. It’s like trying to read tea leaves.
I would keep an eye on the other companies, as those people directly implicated resigned a long time ago, and their shares were canceled, and they negotiated deals earlier than Svorai did. However, it seems their early actions didn’t move OTCM. Nevertheless, since the landscape has changed it’s worth keeping an eye on their individual docket and see in light of recent plea deals if those companies show any movement with CE.
Also, keep an eye on their PRs. POTN and WLAB in particular has issued PRs in the past regarding CE removal requests.
If you look at the charges, you can see they added three more to Svorai’s counts — 2 counts of conspiracy to commit wire fraud, and one count of wire fraud, which is what they were charging him in the CATV scam, which wasn’t included in the original indictment in the big case (it is now).
It appears they dropped the identity theft, which to be honest was always what I wasn’t exactly sold on, however they added an additional conspiracy to commit wire fraud, for which I’m assuming is for the bogus Covid relief funds that AUSA stated in the CATV transcript that he was going after him in addition to the other charges — that he used those funds to advance his scheme in CATV. So it does appear they are including those CATV charges, but what they plea down to is only relevant to his prison term. I’m hearing 5 years, but I can only hope for more :)
That case should still get terminated and relegated into a new docket with the final negotiated counts, and agreement of prosecution by information.