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IFAN is MIA
Here is my take.
1. IFAN is delinquent and we are unable to locate offices. For all practical purposes they are done. However the glimmer of hope exists with the December filing which shows a faint heartbeat.
2. Another good sign is the company has not filed BK yet.
3. Another good sign is the company is not promoting itself till the financials are released. This is important because had they been giving out pr on the company it could be viewed as stock manipulation a criminal offense.
4. Today we do not know with certainty if IFAN is alive or dead.
I guess we can say IFAN is MIA.
Did you see all the T-trades?
1. I'm sure many of you all are good with that. Why doesn't he get financing for the project. Oh yeah... he can't cause no 10k
2. Did you read the contract on how much money Campo will be paid?
Sounds like a good deal for everyone but the stockholders.
OWCP is a great company as far as I can tell. That's why we are seeing a steady grind up to the top. I have discovered many scams and this is not one of them. With that said, Clay can do his charts. Draw his lines. But in my opinion the trend is going ballistic. Once we reach the heavens then maybe Clays charts will have a contribution. So let him put his charts together and if he is truly short do you think he can stop or even slow down this company. The only thing he can ruin is his credibility. As for now, I got my eggs in OWCP.
I do not have a position in NEWC nor would I. It is in my opinion a scam, these stock promoters along with others will promote this stock then come up with some reason things will not happen or some sort of delay. You can check the History of all the players involved. As you can see almost every day they attempt to pump the stock early in the morning. When they get no hits on people panicking thinking it will go up and the buys come in. However, I believe people have now done their research and have discovered the truth about this company. It obviously is going to not be around very long. Over the last several years you can see it has been saying the same thing. Refusing to do answer the SEC and its letters and of course its failure to do file the 10k.
GOOD NIGHT ALL, Sleep well. Tuesday will be another red day.
DELISTING CAN HAPPEN ANYTIME
With all the bad guys involved with this company. At the very least I would expect them to suspend it.
BY THE TIME ETF GETS APPROVAL NEWC WILL BE BYE BYE
MAJOR SELL OFF COMING BEFORE DELISTING
With delisting coming anyway. I expect a major dump very soon.
We know that with all the bad guys involved with this stock and the numerous broken promises of the CEO as well as him fleeing the country. We can only expect that people will be getting out before the weekend.
Sometimes the truth hurts.
That's my opinion.
WOW go OWCP PENNY STOCK OF THE DECADE!
AGAIN NO 10K
I feel like this is the same thing every day. More promotion and down it goes.
Why is NEWC going down.
FBI Sting, Felons, and a variety of Criminals have been connected with this company for years.
It appears that since this is all out in the open people are not willing to take the risk.
That's why current 10k's are so important.
The Campo Gotshalk Connection
Ok let's assume we accept Campo's response. Then how do you explain the following?
1. Campo was president and chairman of the board while Gotshalk was CEO.
2. Campo was involved with Gotshalk way before NEWC and with a company called Mediswipe.
3. If he acquired for cheap then why is the company still public. I saw nothing that supports Campo acquiring the company.
To me this sounds like smoke and mirrors.
Excellent post!
I like the way you dug into this. And laid things out nicely. It certainly does appear that the FBI and SEC need to take a closer look. This combined with the fact that the company is promoting itself without the current SEC filings now can be seen as manipulation in my opinion.
Let's hope all the research you did pays off.
Thanks
WONDER WHAT THE EXCUSE WILL BE NOW
NO 10K
Its not good to say soon, anyday, in a week, and not file the 10K That appears not be relevant. Unless you have something to hide.
NO 10K - WHY?
I think it is because it will reveal the truth. Show me the 10k is clear of all the felons, bad guys, and then I will believe you.
So who do I believe?
The FBI, SEC or United States Courts
or A CEO who has fled to Columbia and makes contracts with the GOTSHALKS and others?
RELIABLE SOURCES
I think that the FBI, SEC and the United States Government Court systems are pretty reliable sources.
If you do the research you will discover that NEWC is plagued with felons, criminals, manipulators on a variety of levels.
I'm sure you are aware this stock is going to tank very soon. Regardless when the news comes out. With all the criminal element involved with NEWC you will see. The 10K did not come out nor do I believe it will now. Mainly because of the people that are involved in this scam.
You will have to wait for the 10k to come out.
This is just my opinion. Good Luck....
Yes, I was one of those who thought this was a gem until I began to look deeper. And Im kicking myself. MJ and Coal sounded great. Nice presentation. But when the promises of the 10k were broken time after time. I started digging deeper. Then the deeper I dug the more upset I got when I discovered more then incompetence, I discovered a very bad deceitful criminal element.
This is my opinion. I'm not an adviser. Good Luck and happy trading
NEWC HAS A HISTORY OF HIRING BAD AUDITORS
Lawrence A. O'Donnell – Former auditor licensed revoked
The SEC also alleges that Imperiali Inc. auditor Lawrence A. O'Donnell, of Aurora, Colo., failed to audit the company's financial statements in accordance with Public Company Accounting Oversight Board Standards, and issued audit reports on Imperiali's financial statements that he knew, or was reckless in not knowing, contained materially false and misleading information.
http://www.fa-mag.com/news/sec-charges-company-officers-and-auditor-with-fraud-9407.html
Malcolm L. Pollard
The auditors charged in these latest SEC enforcement actions are certified public accountants Malcolm L. Pollard, who practices in Erie, Pa., and Wilfred W. Hanson and John Kinross-Kennedy, who live in the Irvine, Calif., area. Pollard and Hanson agreed to settle the respective actions against them and will be prohibited from practicing as an accountant on behalf of any publicly traded company or other entity regulated by the SEC. Kinross-Kennedy is litigating his action in a proceeding before an administrative law judge at the agency.
https://www.sec.gov/litigation/admin/2013/34-70564.pdf
https://www.sec.gov/Archives/edgar/data/772370/000107878212000746/f8k031612_8k.htm
Decide for yourself.
Ask yourself this question. Does this company have bad luck?
Why do seem to be surrounded with associates that are felons, caught in FBI stings,, with serious SEC violations, and then want to blame others for why they are not able to comply with the laws?
This is my opinion, I’m not an advisor, Do your own dd. Good luck and happy trading!
I hope you can see the value of having current 10k's
They will show the true picture of who is involved. For instance is Charbit still involved with NEWC?
Decide for yourself:
1. The facts are true.
2. No misleading statements except for Campo that has said for any day the 10k will be filed and that he is not working with Gotshalk.
3. Why did not he reveal in the 10k that the CEO resigned because he was caught by the FBI in a sting for stock manipulation?
4. Why then several years later did he make a contract with this same CEO.
5. Why does he hide who the real family members of the former CEO are?
Very relevant.
1. Shows a track record.
2. It is not an isolated event.
3. Nearly everyone NEWC is involved with are crooks.
Wait till tomorrow. I guarantee that the news that has been uncovered will be worth the weight.
Exactly, look at the date. It appears that the key players have been caught by the FBI and/ or convicted for securities fraud. Even dating back to when Campo was into investor relations with other companies.
The common thread is manipulation, racketeering, and securities fraud. I have found more. It appears that almost every NEWC's prior 10k's have some smoke and mirrors. I will show you some more tomorrow as I am waiting to hear back from some of my other sources. It appears that this has been going on for years and now I think things are closing in on Campo. That is why all of the sudden he fled the country.
This is my opinion. I'm not an adviser. Good luck and happy trading.
BAD NEWS COMING AT 9:15 ET TOMORROW
THIS NEWS IS SO BAD IT WILL MAKE INVESTORS RUN.
THE LIST GOES VERY DEEP OF THE BAD PEOPLE ASSOCIATED WITH NEWC
FELONS - FBI STING – NEWC CONSULTANT AND STOCKHOLDERS AND CONTRACT DEFAULT
1. RICHARD CHARBIT – YORKTOWN CONSULTANCY - MAJOR STOCK HOLDER
CAUGHT BY FBI AND CONVICTED OF STOCK FRAUD
Yorktown Consultancy LLC own 7,599,256 shares of NEWC 10.1%
http://www.getfilings.com/sec-filings/140417/NEW-COLOMBIA-RESOURCES-INC_10-K/#ixzz4YmDBpkHl
https://offshoreleaks.icij.org/nodes/10002849
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, announce the October 29, 2010 guilty plea of defendant Jean “Richard” Charbit, of Miami. Charbit pled guilty to one count of conspiracy to commit securities fraud in connection with a scheme to defraud the investing public by manipulating the quoted share price and volume of a publicly traded company.
https://archives.fbi.gov/archives/miami/press-releases/2010/mm110110.htm
2. Former President KYLE GOTSHALK of NEWC caught in FBI STING!
Kyle Gotshalk is on the payroll with NEWC per March 2015 10Q
"On January 2, 2015, the Company entered into a consulting agreement with Kyle Gotshalk (the “Consultant”) (a former officer). This agreement was an amendment to an original consulting agreement dated January 1, 2013. As per the 2015 agreement, the Company agrees to compensate the Consultant with an amount of shares of the Company’s common stock equal to an amount of approximately $12,500 each quarter. However, if the stock price reaches $0.25, then 100,000 shares of the Company’s common stock would be issued. Should the stock price change, then the Company will adjust the amount of shares issued at a five-day average price, or an approximation of what the Company and the Consultant agree to be fair and correct, so as to ensure that the total amount of shares issued shall equal approximately $25,000 each six months, or an equally agreed upon number of shares, as determined between the Company and the Consultant. The 2015 agreement has a term of two years, until January 2, 2017, with an option to extend at that time"
John Campo March 2015 Quarterly
An FBI sting netted four men - including a Pennsylvania attorney and two suspended securities traders - who manipulated the stock price of two publicly traded companies through bribes, kickbacks and misinformation, the SEC claims in Federal Court.
http://www.courthousenews.com/2010/09/28/30616.htm
SEC litigation
https://www.sec.gov/litigation/litreleases/2010/lr21663.htm
3. NOTICE OF DEFAULT
On April 15, 2015, the Company (NEWC) received a Notice of Default from KBM Worldwide, Inc., which states that due to the Company’s failure to file its Annual Report on a timely basis, the Company is in default under Convertible Promissory Notes held by KBM Worldwide, Inc. As a result, the related outstanding principal balance, which amounted to a total of $122,500 prior to default, was increased by 150% to $183,750. This default balance, along with accrued default interest, is due to KBM Worldwide, Inc. In addition, KBM Worldwide, Inc. has the right to convert the default balance into shares of the Company’s common stock. John Campo 2015 10Q
4. Prefered B Stock Owners March 2015 10Q
Ararat, LLC Owned by relative of Kyle Gotshalk 1, 500,000 60%
Kyle Gotshalk 234,000 9.4%
Top flight Consulting LLC – Owned by Kyle Gotshalk 34,000 1.4%
Clinton Hall LLC relative of Kyle Gotshlk 425,000 17.0%
6. Secret info
On May 1, 2015, the Company entered into a consulting agreement with a third party. Pursuant to the agreement, the Company shall issue to the consultant 2.5 million shares of the Company’s common stock as full consideration for all services to be performed. I wonder who that is?
HORRIBLE ASSOCIATIONS
KYLE GOTSHALK FORMER CEO AND CURRENT CONSULTANT CAUGHT IN FBI STING
RICHARD CHARBIT - YORKTOWN CONSULTANCY - MAJOR STOCK HOLDER- FELON - STOCK MANIPULATION
JOHN CAMPO - ASSOCIATED WITH GOTSHALK OTHER SCAM COMPANIES
This is just the tip of the iceberg. Now we know why that he fled the country in the middle of the night.
No 10k - It is likely he is trying to convince the public and SEC that everything is just fine. As you can see if you are associated with The Gotshalk Family and Charbit then things are not fine.
More details to come tomorrow
This is my opinion, I;m not an adviser. Do your own dd and happy trading.
RED TODAY - MORE BAD NEWS TOMORROW
I believe Campo fled the country to avoid being caught by the FBI. No worries he soon will be caught.
If he files the 10k. It will reveal more bad connections with other felons and bad associations, I'm confident.
This is my opinion, I'm not an adviser. Do your own DD
Good Luck and happy trading.
ANY DAY, ANY WEEK, ANY MONTH, ANY YEAR
They are all the same. He gives no deadline. Again he refuses to file 10K
WHY?
Because he has associated himself with the Gothsalks and Charbit. This Company is going down!
This is my opinion, I'm not an adviser. Good luck.
THE SCAM CONTINUES WITH THE GOTSHALK FAMILY AND CHARBIT CONNECTION
MORE NEWS COMING SOON LOOK OUT
WHEN THE 10K COMES OUT
MORE DISCOVERIES WILL BE MADE.
NO 10K I BELIEVE CAMPO IS ON RUN
THE GIG IS UP
WE HAVE FOUND SO MANY MANIPULATORS WORKING WITH NEWC.
FBI STINGS
CONVICTED FELONS
CONFLICTING 10K's
DELINQUENT FILINGS AND THE LIST GOES ON.
This is my opinion, I'm not an adviser. Do your own DD and good luck.
MORE BAD GUYS CONNECTED TO NEWC RICHARD CHARBIT CONVICTED MANIPULATOR
I did some research on a stock holder by the name of Yorktown Consultancy.
Read more: http://www.getfilings.com/sec-filings/140417/NEW-COLOMBIA-RESOURCES-INC_10-K/#ixzz4YmDBpkHl
Yorktown Consultancy LLC own 7,599,256 shares of NEWC 10.1%
Who is Yorktown Consultancy?
http://www.getfilings.com/sec-filings/140417/NEW-COLOMBIA-RESOURCES-INC_10-K/
Is owned by RICHARD CHARBIT
https://offshoreleaks.icij.org/nodes/10002849
Who is RICHARD CHARBIT
https://archives.fbi.gov/archives/miami/press-releases/2010/mm110110.htm
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, announce the October 29, 2010 guilty plea of defendant Jean “Richard” Charbit, of Miami. Charbit pled guilty to one count of conspiracy to commit securities fraud in connection with a scheme to defraud the investing public by manipulating the quoted share price and volume of a publicly traded company.
https://archives.fbi.gov/archives/miami/press-releases/2010/mm110110.htm
WHAT CAMPO DOES NOT WANT YOU TO KNOW
DID you know that CAMPO WAS ALSO INVOLVED WITH MEDISWIPE
This was one of Gotshalk's other scam operations.
DOWNWARD TREND CONTINUES - NO 10K
MAYDAY MAYDAY RED ALERT - NO 10K
BAD NEWS COMING ANY MINUTE
HERE IS PROOF NO 10K AND WHY!
In the 2014 10K the statement reads as follow:
Family Relationships
There are no family relationships among our directors and executive officers. No director or executive officer has been a director or executive officer of any business which has filed a bankruptcy petition or had a bankruptcy petition filed against it. No director or executive officer has been convicted of a criminal offense within the past five years or is the subject of a pending criminal proceeding. No director or executive officer has been the subject of any order, judgment or decree of any court permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities. No director or officer has been found by a court to have violated a federal or state securities or commodities law.
Well folks at the time of the filing Gotshalk was the CEO during this time period in which he was in court for stock manipulation.
This statement is for those who held the position for the last 5 years. So it was not disclosed to stockholders and should of in my opinion.
That's my opinion. Im not a adviser. Good Luck and happy trading.
We should see another red day tomorrow.
GREAT MANAGEMENT + GREAT TEAM + GREAT TIMING =
GREAT PROFITS FOR US!
Looking to break a $1.00 if not this week for sure next week. It slowly grinding its way up.
And now he is a consultant! WOW THATS BAD NEWS -
2 years later and they amended the 2013 agreement. This blows away CAMPO's statement that he is no longer involved. Smooth transition or heavy manipulation? FBI Sting read the court documents and then decide. This leaves a lot of doubt in my mind.
RE: Gotshalk filed a Form 4 with the SEC dated 2/19/13 for NEWC and he lists himself as FORMER DIRECTOR/OFFICER
On January 2, 2015, the Company entered into a consulting agreement with Kyle Gotshalk (the “Consultant”) (a former officer). This agreement was an amendment to an original consulting agreement dated January 1, 2013. As per the 2015 agreement, the Company agrees to compensate the Consultant with an amount of shares of the Company’s common stock equal to an amount of approximately $12,500 each quarter. However, if the stock price reaches $0.25, then 100,000 shares of the Company’s common stock would be issued. Should the stock price change, then the Company will adjust the amount of shares issued at a five-day average price, or an approximation of what the Company and the Consultant agree to be fair and correct, so as to ensure that the total amount of shares issued shall equal approximately $25,000 each six months, or an equally agreed upon number of shares, as determined between the Company and the Consultant. The 2015 agreement has a term of two years, until January 2, 2017, with an option to extend at that time"
John Campo March 2015 Quarterly
I CARE IF YOU LOSE MONEY
You should ask Campo if he cares. His response is simple. You knew you were investing in a company that is seriously delinquent in its SEC filings.
In other words, You knew that you were investing in a company that was breaking the law, manipulating the stock and refusing to provide you with up to date financial information.
To me that is wrong, I'm sorry you lost money. I think you would agree if you knew this information beforehand you might not have lost any money.
This is my opinion, Im not an adviser. Good Luck and happy trading.
.0035 is where I see the bottom is going. It might consolidate around .01590 before continuing its way to the bottom.
A reversal can take place in my opinion only if the 10K is released and all SEC filings are caught up.
In the 10K, it would need to be clear that the Gothsalk family is no longer affiliated with NEWC in anyway. Unfortunately, I don't believe these SEC filings will clear the Gotshalk connection. The is vitally important because while klye Gotshalk was CEO he was caught in an FBI sting for stock manipulation. In court transcripts it was stated that he had other bigger plans on stock manipulation. The concern is that NEWC might be the target. So if Gotshalk is still connected with NEWC that would be a real bad thing.
Some people are in disbelief that he is still involved despite the sec filings that show he is. Lets see what the Auditors have to say.
BTW: My track record has been on point with this going down as the result of the 10K filed. So who are you going to believe?
A CEO who has been saying that their seriously delinquent 10K will be out any day for over the last 7 months or me who has no position and nothing to lose and has called this downward stock for the last 30 days?
This is my opinion. Im not an adviser, Good Luck and happy trading.
WOW down 40% in last thirty days
I don't think it has hit bottom yet.