InvestorsHub Logo

rca

Followers 18
Posts 1850
Boards Moderated 0
Alias Born 03/25/2006

rca

Re: CheezyTang post# 9347

Monday, 03/27/2006 9:50:49 PM

Monday, March 27, 2006 9:50:49 PM

Post# of 15765
Dan,

1. Netco Investments is currently nothing. It appears to have been nothing during the Telatinos days. I presented several business models to Paul Taylor over the last few months, but they were brushed off. The present problem is that Paul Taylor hijacked control of the company based on his fraudulent issuances of shares.

2. Paul Taylor uses nominee companies to control the company. He has issued various shares of stock fraudulently, and it appears that the transfer agent refuses to cancel them even though I unambiguously directed him to cancel the shares. I don't think anyone accurately knows how many shares are floating around. Recently, Paul Taylor issued a press release about the oversubscription with CCDE, so apparently he is doing the same games with that company. After the 333 to 1 split, Paul Taylor submitted a subscription agreement bearing a forged signature with my name that purports to issue shares and give control of them to an entity controlled by Taylor.

3. I never met Paul Taylor in person. I was contacted by him, he said that a friend of mine recommended me for the position as financial officer for the company based on my education and prior experience. When I asked for documents to review about the finances, Paul Taylor toldme a story that the President, Jon Miller, was conducting a fraud and that he fired him. It was to be my task to clean up the company. These calls occurred telephonically.

4. I am not aware of any Costa Rican investors. Costa Rican persons monitoring the sites may have included myself and/or friends of Paul Taylor who are here. I released this information publicly about a month ago on the allstocks bulletin board. I just learned of this site.

5. I am not personally aware of anyone who plans to take legal action against the Paul Taylor. It is my intention to launch a suit to cancel the fraudulently issued shares and debt. The problem is that most of the shares have already been disbursed to whomever has been buying them on the open market. The liability may fall on the transfer agent since I made it clear to him, in writing, that the share issuances, subscription agreements, and purported debt was fraudulent in nature.

I hope this gives you some of the information you are looking for.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.