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For sure!
Thank you brother. I’ll give them a call.
Keep in touch.
I guess we could call the number or use the email to figure out why other shareholders haven’t received a letter with a victim identification number.
I’m not exactly sure what criteria they’re using. I would be very interested to see the entire letter, to see what the instructions are. We can use that information.
Has anyone here received a letter from government identifying you as a shareholder during the investigation? Apparently some people are getting these letters.
Can you please post the entire letter? Very interesting!
TIA
Taieb is a cooperating co-conspirator. That’s why his name was dropped in 2019 from the superseding indictment because he cut a deal very early on in this case, but wasn’t officially charged with a new docket until May of this year.
He signed the following WAIVER OF AN INDICTMENT which foregoes prosecution by indictment with a grand jury:
I understand that I have been accused of one or more offenses punishable by imprisonment for more than one year. I was advised in open court of my rights and the nature of the proposed charges against me. After receiving this advice, I waive my right to prosecution by indictment and consent to prosecution by information.”
He cut a deal to drop 3 federal charges down to one count of a lesser charge, therefore he’ll be testifying against those named and unnamed in this case, hence by virtue of his negotiation/testimony he can not be part of the grand jury case, therefore the single count falls into a new docket.
I believe his case was sealed recently so we may not know anymore details, but I’ll have to double check the docket and get back to you.
There’s finally a trial date. Two of the six named defendants took a plea deal. We’ll find out in the next few weeks who’s cooperating and who’s going to trial.
There’s finally a trial date. Two of the six named defendants took a plea deal. We’ll find out in the next few weeks who’s cooperating and who’s going to trial.
We finally have a trial date. Two of the six defendants took a plea deal. We don’t know who they are yet, but we will in the next few weeks. Ruggeri hasn’t had a reverse proffer yet. Vaccaro is still fussing about his seized assets because he’s supposedly broke.
I think my nephew’s allowance is more than that per quarter lol
Hard to say for sure, but if I were to just take a guess — I’d say Biton and Berly took a plea deal. That leaves Ruggeri, Hagen, Vaccaro and Svorai.
From Vaccaro’s November 17th letter, it appears he’s broke and still challenging the grand jury’s conclusion that tied forfeited assets to the crime. He should be the one to plead out since I seriously doubt he has a leg to stand on with the assets. He claims he has no other assets (like a second luxury yacht) and he has no way to keep his counsel or provide for himself.
Ruggeri hasn’t reverse proffered yet.
Hagen is questionable since he was tightly tied to Taieb, Ruggeri, Vaccaro and Svorai by way of alleged crimes in POTN. He’s an attorney, so I would guess he would take a deal.
Svorai has a bunch of charges stacked up since CATV, and some that carry a mandatory two year sentence, so it would be in his interest to cut a deal if it significantly reduced sentencing, BUT if not presented with something to chew on, and for the same reason he may have no choice but to fight.
There might not even be a holdout and the government is hellbent on charging that individual if they have strong indications that they know more than they’re offering. It’s very difficult to say.
The following wording is a little suspect — maybe on purpose to get all four to take a deal, esp since they disclosed the status of Ruggeri by name but not the two possible plea’s. Paranoia will do them in. If everyone believes the others are talking about taking deals, which means they’re providing something of value to the government, then it makes hold-outs rethink their position and may be the catalyst that leads to loose lips.
Negotiations with the government only go the defendants way if they’re offering all the goods.
That’s entirely too much action for this ticker lol :D
Wow, those financials are worse than I expected. I did note a few weeks ago that he’ll continue to file reports if he wants to avoid triggering default terms with debt holders and most importantly continue to issue shares.
Couple of things stand out:
~$300 - Rev
$0 - cash
~$250k net income loss per quarter — ~$800k in 9 months
Another ~75 million shares added to the OS from Jul-Oct
~500M shares is now owned by Auctus and that scumbag Lou Posner, and yet to be converted. He’s now a 13% beneficial owner of CATV.
I saw the update on negotiations in the Auctus v. 4Cable case which should get the thumbs up by the judge by tomorrow’s deadline, but I really didn’t think they’d end up with these massive number of shares.
Slow and steady decline here.
Waiting on the next court filing due any day to see if we get another extension.
It’s a shame how far the Yourist’s have let the pubco decline.
Janice, hoping for a steady and speedy recovery for you. Take it easy…
Well, being completely unfamiliar with what sort of coverage one has to carry in a hurricane prone region, I really don’t know what would be fair, but solely going by what I’m learning from friends, it seems they were ok with ~$3k for storm coverage, but are finding it very difficult to swallow paying double in less than 4 years for the same coverage, which is understandable — I can’t begin to fathom that burden where I own my home.
From what I hear a lot of insurers have abandoned the state altogether in recent months which has substantially affected competition. Another reason is apparently rampant fraud related to frivolous lawsuits. They’ve petitioned the Republican controlled legislature to come up with a solution which has fallen on deaf ears. Now there’s catastrophic damage with not a leg to stand on from a negotiation standpoint.
People are panicking for good reason, and I don’t know what the solution would be for a problem that’s only getting worse with affects of climate change.
I’m not too familiar with what’s going on in the insurance market in FL, but talking to friends in Miami/south and golf coastal region, it seems it’s their primary gripe with the astronomical rates that barely provides any hurricane coverage. They’re already paying $5-$6k+ a year — apparently almost doubling since DeSantis took office. Flood insurance is a separate policy on top of that. To me that seems insane! How do people afford to own a home?
It was so much easier (and app friendly) when links to member posts opened in the app, rather than being routed off the app and opening in a web page. Why did this change? I rarely click on them anymore bc it’s annoying.
I was reading the responses last night, and his tweets on his vision of peace and foreign policy went down like a lead balloon and got dragged for all the right reasons.
This tweet stood out which he responded to:
Elon, you've done SO MUCH GOOD for Ukraine by enabling Starlink & providing thousands of terminals.
— Renata Konkoly 🐢🦔 (@RenataKonkoly) October 3, 2022
As a fellow Aspie I get that you're hyperfocused on this topic right now, but these polls and the tweets about bot attacks aren't helping – in fact, they enrage many Ukrainians.
That explains the current halt in trading pending news.
Elon Musk is rumored to be going forward with Twitter bid after all the dog and pony show.
via NYT:
Elon Musk Suggests Buying Twitter at His Original Price
The billionaire’s surprise move came less than two weeks before a trial that could force him to buy the company, after trying to back out of an earlier deal.
Oct. 4, 2022, 12:41 p.m. ET
Elon Musk proposed a deal with Twitter on Monday evening that could bring to an end the acrimonious legal fight between the billionaire and the social media company.
The arrangement would allow Mr. Musk to acquire Twitter at $54.20 per share, the price he agreed to pay for the company in April, two people familiar with the proposal who were not authorized to speak publicly said.
The potential deal comes after months of disputes that have created existential challenges for Twitter, cratering its share price, demoralizing its employees and spooking the advertisers it relies on for revenue.
A deal at the original price would be a victory for Twitter, which struck an agreement with Mr. Musk to buy the company for $44 billion. Mr. Musk declared in July that he no longer intended to complete the acquisition because he believed Twitter’s service was overrun by spam.
It was not immediately clear whether Twitter planned to accept his offer, which could be seen as a negotiating tactic by Mr. Musk to halt Twitter’s litigation against him. Shares in the social media company spiked almost 12 percent on the news, before a halt in trading.
While an agreement would signify an end to the uncertainty clouding Twitter’s immediate future, Mr. Musk’s plans for the company are uncertain. Shareholders voted in September to approve the original deal with Mr. Musk, who told investors before attempting to back out of the deal that by 2025, he could get the company to 500 million daily users and revenue of $13.2 billion.
Twitter sued Mr. Musk in July to force the completion of the acquisition, and was set for a showdown with the billionaire this month in a Delaware courtroom. The company argued in legal filings that Mr. Musk’s reasons for abandoning the deal were smoke screens, and suggested that he had simply hoped for a lower price after stock market declines had decreased his overall wealth.
Mr. Musk said Twitter had most likely undercounted the amount of spam on its platform, making the company less valuable than he had initially believed. He also cited whistle-blower claims from a former Twitter executive, who said the company had misled regulators about its security practices, as a reason to exit the deal.
Mr. Musk submitted a proposal to Twitter on Monday evening, a person familiar with the conversation said. The parties met in court on Tuesday to discuss the proposal. The offer was reported earlier by Bloomberg.
A deal could allow both sides to avoid a messy public trial, which most likely would have featured testimony from Mr. Musk and senior Twitter executives.
Good point. R3 should’ve never even been considered as a RM candidate when they showed no operation. Smh
This ticker needs a fresh RM to save it. I have no idea why R3 is sitting on a shell they have no funding to operate.
Feldenkrais is currently daydreaming…if there were only just a couple dozen more saps falling over each other to catch this falling knife lol.
Yes, as far as SEC is concerned. Anyone that RM’s into a form-15 filers with no plans for a registration statement is safe to assume is a PnD.
That’s why imo if they wanted a smidgen of legitimacy, Feldenkrais first and foremost would’ve filed for a name change on day one, second would’ve been putting his house in order in the past year of CE by having a solid plan for consistently generating revenue, and finally would’ve started the ball rolling on a registration statement with SEC, to show he’s got nothing to hide.
I mean, instead of using the past year to grow organically and to work his ass off to legitimize the pubco by having back-up plans all along, he instead spent it doing absolutely nothing with not even a legit plan B. Meanwhile cashing in ~770M shares with nothing to show SHs for it, other than diluting their investment by increasing the OS by almost 1B shares in one year.
He couldn’t even manage a mere name/ticker change in the 8 months before CE. There was no legitimacy from the get go.
Looks like support has evaporated and interest has dried up. Yourist brothers really screwed this up.
From what I’ve heard Ruggeri knows where all the bodies are buried with all the companies involved. He was Svorai’s right hand guy for decades all through his many public scams. One of the biggest scumbags out there, and it’s infuriating that tax payers, some which were victims have to foot the bill for his defense.
Yes, you did. Their latest financials definitely gave me pause, but the letter was the nail. The only reason he’d continue to report is for share issuance.
The wheels of justice grind slow, unfortunately. It’s a multi-million dollar case with a lot of people and entities involved. The question is — where are the crooks getting three years of costly litigation funding with frozen assets.
Going dark basically means he’ll stop reporting, and OTCM will designate it as dark/defunct. Since technically there’s no revenue generating operation, it only makes sense to go dark for the foreseeable future. He could technically come out with more smoke and mirrors and pad the books, but I don’t see why. The entire concept of OTC is built on insiders selling shares and shareholders financing those shares, and for non-SEC reporters without a legit operation (fundamentals) it’s primarily run by hype (promo’s). There’s no trading atm, so there’s no advantage for whatever BS he can muster up. He’s well aware of this and the sense I got from his letter is that’s where it’s heading.
In regards to second part of your question about Feldenkrais walking…it’s not that simple.
He can go dark indefinitely, but If he really wants to walk away from this shell, then he only has a couple of options.
The best way I can explain this is he took over a nasty shell, vomited on it, and flushed it down a NYC porta potty a few times lol. He’s got these worthless subs tied in with astronomical valuations which he already extracted ~770M shares for, but admittedly there’s more worthless subs (CIGN for one) that the public co has no claim to the tangible asset (farm), for which SHs owe $10M. He’s also racking up quite a bit of debt. This is a whole heck of a lot of debt for nothing.
I’ll be honest with you — there’s no one in their right mind that would reverse merge into this shell as it stands. He’d have to at the very least get rid of the goodwill valuation on the books, and dissolve the sub (CIGN), and cancel the relating series B shares for start. That’s going to be quite difficult since there’s many people involved as stake holders in the segment and they won’t go along with shooting their golden goose.
He can resign, and keep the debt he’s owed on the books, and find someone in his inner circle to come up with a dog and pony show to take over the shell. Essentially sign over the series A shares, RM into whatever new scheme and he can move on (on paper), and at least it’ll rid the ticker of one negative optic. BUT, since there’s no confirmation or denial from the government that Svorai doesn’t hold any interest here — remember it’s alleged that Svorai’s father holds at least ~200M shares, and we still don’t know how exactly was the Nahon debt extinguished, or who else from Svorai’s circle of nominees (ex: sister-in-law) still hold shares — the only way to clear up the doubt is to do a massive RS to basically wipeout everyone, all the shares that may be held by anyone in the scam crew to peanuts, so there’s no perceived significant claim. Sort of what GRCV did. Fortunately for Feldenkrais, his shares, and the $10M still owed is non-dilutive so he’ll still end up with the exact same number of shares as before RS.
Unfortunately that’s not the case for SHs, it would substantially dilute common shareholders, but if he’s able to move away from this fiasco, and that’s under the very big assumption that he’s not currently, or could potentially be a target if Svorai decides to cooperate, then his options are very limited due to how scammy it all looks to a legit potential RM candidate. That they may very well end up with a mass grave full of skeletons. So in reality it’s a far fetched fantasy, unless he’s giving the shell away to a member of his inner circle to do his bidding. Keep in mind that’s exactly what Svorai was up to when he brought in Feldenkrais — to be in control at a arm’s length.
That still leaves the CE. To attract a legit merger — If he cancelled the $10M that’s owed to him and his crew, and maybe paid off majority of the debt, and at least made an effort to clean up the shell to the bare bones, and wiped out all the OS shares, filed a Form 10 with SEC to begin the process of becoming SEC compliant, researched his major shareholders on the NOBO list and identified no conflict, then OTCM may have to look at it in a different light, that he can prove there’s no longer a potential public concern. It’s a tall order and I don’t see this happening at this point in time. The ball should’ve been rolling on this a year ago.
The next option would be to find a clean shell with a small float, buy it for a couple hundred grand, spin-off let’s say CIGN into the shell, and pay a dividend to current shareholders in CATV to own shares in the new ticker. But this option is for someone with plenty of cash on hand, and Feldenkrais/CATV is cash poor, and doesn’t seem too interested in doing the right thing.
Even with this option, he’s not going to blow up the shares in the new ticker, so you won’t end up with an equal exchange in shares. You’ll likely end up with 1:1000 if lucky. But at least you’ll have a few shares in a tradable ticker, and still own shares in CATV for whenever it comes off CE and can be properly sold in a RM. Still, for sake of argument, let’s say he jumps through these hoops, there’s still no revenue generating entities, and no significant tangible assets to manipulate, which I’m sure he’s taking into consideration.
All the options are either risky, costly, or damaging to current SHs. For the exception a of a spin-off, with the CE in place there’s no chance FINRA will approve a name or ticker change. He can re-domicile and change the name, but that’s at the state level and inconsequential to FINRA rules.
He has been exposed as shady af — the FBI, Svorai, Nahon, farm, restaurant, worthless subs, looking for a kick-back from a toxic funder, shady lawsuits involving questionable cash transactions, etc, etc…it’ll be difficult to shake the stink, no matter where he goes, but that’s a battle for another day, as long as he washes this ticker of his stink.
I’m sorry to say brother, there are no good options currently because of the convoluted manner in which this shell is tangled with so many negatives. It’ll definitely be a different story 5 years from now, with one caveat that Feldenkrais walks away and lets it die a slow death. It used to be that tickers never died and just hibernated indefinitely, but with the new SEC rules they’re constantly getting rid of a lot of zombie tickers. I don’t believe that’ll be the case here, as beside Feldenkrais being shady, he is also greedy like Svorai and follows his playbook.
True. He’s in good company lol.
It’s hard to believe this actually happened. It’s so far fetched, but yet these aren’t the brightest minds.
It’s up there with penny investors contacting OTCM and threatening suit for CE designation lol.
Good to hear from you brother. Hope all is well and you’ve made up for this POS.
Speaking of the devil, the crooks just filed for another extension. Looks like we won’t be able to officially celebrate until 2023 :-/
Just filed… Another 60 day extension. This is going into next year.
New filing in the FBI case. Another 60 day extension. As I noted on the last extension, this is going well into next year. Since the revelation that there’s no existing business at the farm, the chances are very high that Feldenkrais will go dark until next year, or until the case is resolved.
There’s no reason to continue to file and show losses imo. But, he may need to continue to issue shares, so he’ll have to stay current in order to not trigger default terms with his creditors. Since we don’t know the fine print of any of these notes, it’s hard to say what the default ratchet price would be.
IG, I missed IH happy hour yesterday and a few pms, dang it!
Thank you though