IJJ Corp (IJJP)

[Cassandra]

IJJP has been nothing but a pump and dump vehicle following the bankruptcy of the original company several years ago. The original company went private and left Clifford Pope with the shell.

Pope engaged a parade of notorious toxic financiers (Big Apple Consulting/Boost Management, Fairhills Capital/Edward Bronson, Magna Group/Joshua Sason, Blulife, etc.) that touted various great-sounding business plans while dumping newly-minted free-trading shares issued under the improper use of Regulation D Rule 504 as an exemption to registration. With each pump, the stock was eventually diluted to no-bid and the company went into a dormant period before the next pump.

Investors and traders finally learned to avoid companies that raise money through Rule 504 so that gravy train died. For the most recent pump, Pope signed on with attorney Randal Goudling to try one of the newest trends in toxic dilution -- the improper use of Section 3(a)(10) as an exemption to registration.

The scheme that Goulding hatched was creative but blatantly fraudulent. I've explained it in several posts so won't bother again. You can find links to the information in my posts over the past several months. This one has a few links to key posts:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111951380

With Section 3(a)(10), the new free-trading shares are issued following a "fairness hearing" in which the recipients of the new shares agree to receive them in exchange for debt, other securities or property interest. The exemption is typically improperly used for bogus/questionable debts, but in this elaborate scheme, Goulding and his cohorts created bogus "property interests" in non-existent medial marijuana farms.

Several individuals and companies were issued millions of free-trading shares in IJJP. The concept was that they would sell the shares and then put some of their proceeds into an escrow account which would eventually fund the construction of the MMJ farms. If the farms were ever built and achieved a profit, IJJP would share in the proceeds.

The scheme involved five other OTC stocks (TWDL, GEAR, ENTI, CWIR and HALB) that were supposed to issue shares to the same recipients who owned the bogus "property interest" in the MMJ farms. IJJP issue its first tranche of 1,020,867,796 shares in November 2014 following the "fairness hearing" but apparently not all of the companies followed through.

Because all of the shares were issued as free trading, the float increase happened all at once. However, those shares all needed to be sold to the public. As the shares were dumped by the "property interest" recipients, the float didn't change yet the effect of the sudden dilution took its toll. Because of the way the dilution was done, investors and traders took false comfort in the fact that the float wasn't increasing.

The scheme apparently fell apart and IJJP is now touting that it will be helping dark shells to reactivate.

I have been following IJJP for over five years and have never been wrong in my warnings about its toxic dilution and pump and dump promotions. Never trust anything this company touts about itself. The sole goal is and always has been to sell stock. None of its touted business plans has ever amounted anything.