Cartel Blue Inc (CRTL)

[Renee]

RVGD -(by Nodummy, link below) It looks like all of that old pump&dump action took place between 2007 - 2011 then the shell went back into Robert Steven's possession. As already mentioned in my previous post, Stevens originally hijacked the shell in Colorado in 2005 with his buddy Paul Enright when it was called Heritage Mines Ltd.

This post:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116712867

Another post:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116700515

https://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&entityId2=19951007094&srchTyp=ENTITY&fileId=19951152931&masterFileId=19951007094

https://www.sos.state.co.us/biz/ViewImage.do?fileId=20051126976&masterFileId=19951007094


According to the most recent RVGD filing the company went back into receivership (Nevada case#12OC 000781B) and the court granted the shell to Robert Stevens again in February of 2013, but this isn't true. I checked the court records and the company never went back into receivership and the Nevada SOS shows no reinstatement filing done for the ticker.

http://www.otcmarkets.com/financialReportViewer?symbol=RVGD&id=139857

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=DCQ1iV7gTN3y5O8Yiob4Pw%253d%253d&CorpName=CARTEL+BLUE%2c+INC.

Older filings don't even mention the new "receivership".

Whatever the case, Robert Stevens ended up back in control of the RVGD shell some time in 2012 after the Fort Wayne mafia group was done with it. Stevens then sold the shell to Gregg Mulholland in November of 2012 (per the RVGD filings).

Coinciding with the new sale they did a Form 15 filing, a large 1:42,0000 reverse split, and hired Thomas Russell (a Mulholland favorite used with CPOW and PWEI) to provide an attorney letter for OTC Markets.

http://www.otcmarkets.com/financialReportViewer?symbol=RVGD&id=111219

Even though the sale to Mulholland through his Belize entity allegedly took place in November of 2012 (according to the flings) the shares were not issued until after the reverse split was processed by FINRA in June of 2013 (otherwise 275,000,000 shares wouldn't have amounted to 70% ownership). This is probably because it took 10 months to get the reverse split approved by FINRA (originally the split was filed for in August of 2012).



The outstanding share count from June 2013 until January 2015 looked as follows:

Greg Mulholland - 275,000,000 restricted control shares held through a Belize account using the Legacy Global Markets address
Greg Mulholland - 100,100,000 free trading shares held in nominee offshore accounts
Everybody else - 52,072 shares


This was very similar to the way Mulholland controlled nearly all the stock in VLNX (the other shell he purchased from Robert Stevens)

http://www.sec.gov/litigation/complaints/2015/comp-pr2015-129.pdf




RVGD didn't see any significant volume after being picked up by the Belize group (Mulholland/Kueber). Those 100,100,000 new free trading shares issued at the time of the acquisition by the Belize group to the Belize group remained unsold.


In January of 2015 RVGD entered into some kind of acquisition with a new company just registered in Wyoming called Cartel Blue Inc.

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=113017121129244251092005156251159057203189022233

The entity used an address at 5600 Wilshire Blvd that is within walking distance of the 8200 Wilshire Blvd. address the Phil Kueber used with several of his old tickers (WRIT, AMWI, PERP, RICP).

The acquisition involved Mulholland cancelling his 275,000,000 restricted shares and 75,000,000 new restricted shares being issued to David Rhodes (the founder of Cartel Blue Inc). The acquisition was officially completed in April of 2015.

http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=14539

http://rvgddesigns.com


The Cartel Blue jeans were supposed to go into production in May of 2015

http://rvgddesigns.com/hello-world/





So far though that hasn't happened.

It looks like some other company called CBJ Jeans started marketing a brand of jeans using the same name "Cartel Blue" Denim and RVGD sent them a Cease & Desist letter to stop use of the brand name in July of 2015

http://www.marketwatch.com/story/revenge-designs-incs-wholly-owned-subsidiary-cartel-blue-inc-delivers-cease-and-desist-letter-to-wwwcbdjeanscom-2015-07-22-8186423

http://cbdjeans.com/

CBD Jeans actually produced and sold their jeans though as seen on their old website:

http://cbdjeans.com/home/

CBD Jeans uses a marijuana leaf logo and donates money to pro marijuana use causes. RVGD should have used that marijuana spin (maybe in the future they will).



Later on April 30, 2015, 64,704,928 of the 100,100,000 free trading shares held by Gregg Mulholland in nominee offshore accounts were cancelled and 60,000,000 of the restricted shares held by David Rhodes were cancelled. That makes the latest disclosed share structure as follows:

Outstanding - 50,447,072 shares
David Rhodes - 15,000,000 shares (restricted)
Gregg Mulholland - 35,395,072 shares (free trading)
Everybody else - 52,000 shares


At the same time that Mulholland cancelled those 64,704,928 common shares, 10,176,250 new Preferred shares were issued. The filings do not tell us who owns those new 10,176,250 preferred shares or why they were even issued, but they convert at a rate of $1.00 worth of common shares per each preferred share. At the current price of $.16/share each preferred share would convert into 6.25 common shares. If the RVGD price goes lower the preferred share holder would get more common shares per preferred share.

RVGD saw almost no volume from 2012 - April 30, 2015. Since April 30, 2015 it looks like Mulholland has slowly been unloading his shares which has taken the RVGD share price down from the $.50s to the $.10s.

James Scheltema (CRGP attorney) was brought in to get the ticker back up to current status in 2015.

http://www.otcmarkets.com/financialReportViewer?symbol=RVGD&id=133022

It is possible RVGD might wake up for some more pump&dump action yet. Just last week an amendment was filed to change the name of the ticker to Cartel Blue Inc at the Nevada SOS.

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=DCQ1iV7gTN3y5O8Yiob4Pw%253d%253d&CorpName=CARTEL+BLUE%2c+INC.

A request may have also been made with FINRA for a name/symbol change. Even though Gregg Mulholland and Phil Kueber have both been arrested others from their group might still try to sell those 35,395,072 free trading common shares (and convert and sell the preferred shares). They might use a paid promotion or some kind of pump to do it.

It is a ticker to keep an eye on knowing the history of this group and how many of their other 40+ tickers have turned into paid promotions/pump&dumps.