JD Pulver is a blast from the past from when he was running Bionic Products Inc (BNPD) in cahoots with Roger Pawson (BEHL, CBYI). BNPD now trades as TOMI.
This is the same JD Pulver that once got busted by the Utah Securities Division for hijacking an abandoned shell in 2005 - Flavor Brands Inc (FLVB) then using it to illegally issue stock
But as we know FINRA will approve just about anything no what type of history and players the ticker has.
Most likely they have some old debt on the books they want to use to convert into stock and sell into the market. A 1:8000 r/s will wipe out all the old shareholders and give NSRS a tiny float letting it start out trading at a nice high price giving them the opportunity to take a tiny amount of debt and use it to issue millions of dollars worth of free trading stock. Thanks to FINRA.
Guess we wait now to see if any OTC filings start to show up and if they do a name change for the ticker to bring in some fake business operations to help pump the ticker while they dump those super discounted free trading debt shares.
JD Pulver recently made a new Bionic Products Corp in Florida (slightly different than the Bionic Products Inc that traded as BNPD)
You'd think that after getting busted and having criminal charges filed against him that Gabe Nix (aka Christopher Gabriel Nix) would stay far away from penny stocks.
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.