IJJ Corp (IJJP)

[Cassandra]

So this one is a 99% scam???

No... IJJ Corporation is 100% a pump and dump scam.

This has been the case for many years. Clifford Pope has had several touted business plans that achieved absolutely nothing but stimulate buying of IJJP stock sold to notorious toxic funders incluing Big Apple Consulting, Fairhills Capital (Edward Bronson), Magna Group/Hanover Holding (Joshua Sason) and others using bogus Reg D, Rule 504 exemptions.

TWDL, GEAR, ENTI, HALB, and CWIR, the five other Randall Goulding client companies he pulled together in a supposed constortium to fund the building of two MMJ farms that currently don't exist. All of the entities involved appear to be scams.

In reality, it's all a blatant scheme to misuse Section 3(a)(10), a rare exemption from registration for debt conversion, in order circumvent registration regulations and issue billions of unregistered, free-trading shares in the six companies to the family and clients of Randall Goulding, an felon who served time in jail for fraud and money laundering. Goulding is also currently being sued by the SEC for fraud and other violations regarding a fund company he and his brother owned called the Nutmeg Group.

The concept of the MMJ consortium is that the people who receive the free-trading shares are to sell it on the open market and put some of their proceeds into an escrow account overseen by Goulding's law partner who has also been sanctioned by the SEC and is prohibited from writing opinion letters for OTC companies.

If enough in proceeds are raised then the money is to be given to the operators of the two potential MMJ farms to fund their construction and operation, but they would first need licenses.

If the farms are ever licensed and constructed and MMJ is cultivated and sold, the six public companies are supposed to receive a percentage of the profits. Hypothetical numbers were used in the agreement between the companies and the share recipients but those numbers are stated to be hypothetical and used only for illustration. IJJP's issued PRs stating the company purchased the "right" to receive $2.1 million in perpetual annual income but did not disclose that the income is purely "hypothetical."

Pope also claims to have an agreement with ALGA to build a residential treatment facility for veterans that will require them to cultivate MMJ as part of their treatment for PTSD. He has also touted agreements with two private companies that have never had operations. One wasn't even incorporated until the day after the PR.

The list of known fraudsters involved is the scheme is amazing. I expect eventual enforcement action by the SEC.

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