LOL what was Jerry up to for those first 4 years? Nobody seems to want to talk about that!
we are in the 5th year of existence. 1st as a Beverage Company!!!
He was running different scams, that's what. The scam is the same, only the name of the company has changed.
I was glad to fill in the blanks for everyone who completely missed Shuman's previous scam history, and I'm glad to do the same for y'all with Jerry.
Here's a quick refresher on what Jerry was up to during the past few years. It's a bit out of date on current events - for example, it was written before the audit uncovered Jerry's MASSIVE share giveaways and toxic debt based dilution, but it's great for looking at his history. Why., Jerry's old buddy Arvind Sharma even makes an appearance! You know, the "distributor" that's supposedly selling this crap in India? Geeee whatever happened to that? LLOLLOLLOL
Long time penny stock failure, Jerry Grisaffi, steps back to the plate to whiff at more knuckle balls.
Written by Janice Shell
February 23, 2015: ... Over the years, a lot of shareholder money has been flushed down the toilet on the various iterations.
...a lawsuit brought against the company by the State of Indiana on 25 September 2009.
... RTXB announced that it'd be selling Mama Rosa's famous tamales and other Texan speciality foods online; not long after, it claimed it'd inked a deal for its own vodka brand. The vodka would, of course, be made in Texas.
... Grisaffi explained that he'd originally planned to use the public company as a barbecue franchise involving sports legends. That didn't work out
... RTXB had no money... As Grisaffi's plans became more grandiose--in August 2013, he announced the company's intention to purchase a large profitable chain of barbecue restaurants and the real estate that went with them--RTXB was hemorrhaging cash. Only four months later, it filed Chapter 11. Grisaffi, Michael Welch, and Mark Ussery were among the creditors.
... ready to move onto the next scheme, Grisaffi began to consider how he could enter the soon-to-be booming cannabis market.
Jerry Grisaffi...he'd once operated an automobile dealership, but didn't like the hours, a very telling trait. So he switched to food. One of his first ventures in that arena was a business called Bounty of the Sea, which he founded in 1988. Its premiere product was a hotdog made of tuna. Grisaffi thought "We have the makings of a great new industry. I can see this being a $300 million company within five years." That did not happen, though Jerry assured a reporter that the U.S. Navy had agreed to become a customer. It was then that Grisaffi became involved in several companies subjected to Pump & Dump campaigns. As usual, millions of dollars have been lost by investors in those schemes.
Grisaffi's first foray into the public markets was that as CEO of a public company called The Tracking Corp. (TRKG); he resigned in August 2008. It was incorporated in Nevada in 2003 as Micro Trak GPS, Inc., and its corporate charter is now revoked.
Another company with a vague connection to Grisaffi was Texas Hill Country Barbecue, Inc. (THCB). When it went public in mid-2010 through a reverse merger transaction with Bioquest Technologies (BQTG), some friends of Grisaffi were involved. William Jason Ford, who'd been vice president of development at PRMX, was CEO, president, and a director of THCB. Mark Ussery was a director. Public relations were to be handled by The Eversull Group, an investor relations firm well versed in representing promoted penny stock schemes. The company defined itself as a meat packer, its primary business being the smoke processing of raw meat products for sale in the market.
By March 2011, Ford claimed he had problems of an unusual kind. In an extraordinary OTCMarkets filing, he explained to his shareholders that "certain persons formerly associated with the company have engaged in fraudulent activities and well as criminal conduct with respect to their claim of ownership in the company." He further accused one of them of impersonating him, manipulating the company's stock price, and illegally accessing THCB's DTC and OTCMarkets accounts. He stated flatly that their object had been to pump and dump his company. He declined to name the individuals in question, but said that as a group they had "a track record of failed public company stocks, including Precious Metals Exchange Corp. (PRMX), OPSY [Optical Systems, Inc.; now Benchmark Energy Corporation, BMRK], DTIM [DTI Medical Corp; registration revoked], and Tracking Corp."... He also named OPSY, which was headed by BJ Grisaffi.
BJ Grisaffi There's a strong resemblance between Jerry and BJ Grisaffi, but they appear not to be the same person. "BJ" evidently stands for "Brazil Joe." Jerry lives in Dallas; BJ in Houston... BJ acquired OPSY from Claude Eldridge, a notorious Texas shell peddler and hijacker discussed in our recent report on Grand Capital Ventures (GRCV).
In the end, the THCB story turned out badly for both Ford and at least some of the people he'd accused. A lawsuit was filed in Nevada by two shareholders, Jerry Monday and Gary Bryant. Ford and his wife did not defend, and the plaintiffs won a default judgment and a declaratory judgment on 20 July 2012. the latter provided that all former officers and directors of THCB, including Arvind Sharma, R.D. Franklin, Fred Wills, Ty Gerot, Jay Novacek, and Mark Ussery, be removed from their offices.
During April 2013, THCB became South American Properties, and on 15 May its ticker was changed to SAMP; by then, controlling interest in THCB had been bought by Jeffrey Love of Lig Assets (LIGA). Perhaps interestingly, only a few months earlier, LIGA and Grisaffi's RTXB had signed a "letter of commitment" by the terms of which LIGA would fund the purchase by RXTB of four barbecue restaurants in the Dallas area. Not surprisingly, LIGA was the subject of several of its own Pump & Dump campaigns.
...accepting orders for an energy drink called Chillo through the RXTB website. Now they accept orders through the website chilltexas.com. But is that site owned by THCZ, as some shareholders appear to believe? The domain is registered to The GPS Tracking Network, Inc., which is a privately held company sharing THCZ's address in Dallas.
Interestingly, Dewmar International (DEWM), another frequently promoted stock, also markets Chillo. A quick look at that company's stock chart gives a good indication of DEWM's lack of success with that endeavor.
...By now, Chillo has been pushed to the background, and the Rocky Mountain High beverages are at center stage. Other products are, Shuman assures eager shareholders, in the pipeline. The press releases are frequent. The company reports that it is doing roadshows. But so what? Grisaffi has managed to generate a lot of publicity for past toothless deals that still fell by the wayside.
Grisaffi talks a good line. Thanks to that, and to all the press from and about the company, THCZ is enjoying an uptrend this February. But buyer beware: past results suggest that Jerry may be all hat, no cattle. There is no reason to believe that THCZ will experience any better results than any of the other messes Jerry has had his hand in.
"Rich people don't buy penny stocks. They're too smart." -Jordan Belfort, "Wolf of Wall Street"
