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Tuesday, 09/01/2015 11:38:30 PM

Tuesday, September 01, 2015 11:38:30 PM

Post# of 21832
James Farinella, ICPI, buys his stock on the cheap but keeps it under 5% so he doesn't have to report. Just read any 10-Q and look at the conversions of the Preferred A. The guy has a super shady history, and I am tired of watching him tool the shareholders.

H1: "111,500,000 shares resulting from Series A Preferred Stock holders converting 1,115,000 shares

Also, between 6/30 and 8/19: "Investors converted 200,000 Convertible Preferred Series A Stock into 20,000,000 shares of common stock."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10874438

Simple math skills are all one needs to realize that he is blowing out stoc. There is one owner of Preferred A (James Farinella). U.S. Securities laws require him to file if he has more than 5% of the stock. 111.5mm is way more than 5%:

"728,390,950 shares of common stock, par value $0.001 per share,outstanding as of August 19, 2015."



Obvious conclusion: Farinella blows out stock. Otherwise, there would be a 13D with his name on it, but there isn't.

Note that it's not clear that it is Farinella, but the 10-Q details how the company is now selling at $0.001:

The Company took an investment of $125,000 in exchange for Convertible Series C Stock which converts to 12,500,000 common shares.



In Q1, he bought stock at effectively $0.00156 per share:

We issued 1,437,500 of Series A Preferred Stock for $225,000 in accordance with Investment Agreement No. 5 and No. 6.



http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10774528


Farinella is tooling shareholders here.

If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.