DD Support Board and Research Team

[nodummy]

This is interesting from Friday. The SEC has been looking into four sham IPOs (obviously all related) and whatever person/group that secretly set up these S-1 shell schemes has avoided responding to the SEC Subpoenas for information. They'd rather just allow the four S-1s to be trashed (to receive a Stop Order) than let the SEC find out who they are.

That isn't too surprising. I know some of these groups that set-up these sham IPOs to be used for future share selling schemes have literally been involved in setting up dozens of them. Losing 4 of them is no big deal especially when it only takes one good one to make tens of millions of dollars.


1) Flaster Corporation

https://www.sec.gov/litigation/admin/2016/33-10245.pdf

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001611017

Incorporation information - Incorporated in Delaware on November 9, 2011 using Incorporator Katina Hamm of VCorp Services LLC
https://www.sec.gov/Archives/edgar/data/1611017/000147793214003326/flaster_ex31.htm

Attorney used - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1611017/000147793214003326/flaster_ex51.htm

CPA used - Weinberg & Baer LLC
https://www.sec.gov/Archives/edgar/data/1611017/000147793214003326/flaster_ex231.htm

Nominee officers used - Ludmila Dijokene (from Latvia) and Jelena Gecevicha (from Latvia)

Forward looking business plan - to sell dry good products such as textiles, ready-to-wear clothing, and sundries manufactured outside of the United States to US customers.


2) iLOAN Inc

https://www.sec.gov/litigation/admin/2016/33-10246.pdf

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001534717

Incorporation Information - Incorporated in Delaware on August 1, 2011 using incorporator Mimi Sanik of Vcorp Services LLC
https://www.sec.gov/Archives/edgar/data/1534717/000114420411066386/v241280_ex3-1.htm

Attorney used - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1534717/000114420411066386/v241280_ex5-1.htm

CPA used - Weinberg & Baer LLC
https://www.sec.gov/Archives/edgar/data/1534717/000114420411066386/v241280_ex23-1.htm

Nominee officers used - Rivka Ruth Yafe (from Isreal) and Sergejs Petuhovs (from Latvia)

Forward Looking Business plan - to start an online consumer loan comparison and lead services to borrowers and lenders in several geographical markets


3) Zubra Inc (which got its S-1 made effective but never got a trading symbol)

https://www.sec.gov/litigation/admin/2016/33-10247.pdf

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001598776

Incorporation Information - Incorporated in Delaware on December 14, 2011 using incorporator Mimi Sanik of Vcorp Services LLC
https://www.sec.gov/Archives/edgar/data/1598776/000147793214000864/zubra_ex31.htm

Attorney used - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1598776/000147793214000864/zubra_ex51.htm

CPA used - Ziv Haft (from Israel)
https://www.sec.gov/Archives/edgar/data/1598776/000147793214000864/zubra_ex231.htm

Nominee officers used - Yitzhak Shtinovitz (from Isreal) and Sara Fon-Weisl (from Isreal)

Forward Looking Business plan - to start an e-commerce business to provide significant discounts to businessmen and tourists by allowing them to buy group coupons for local restaurants, hotels, spas, tourist attractions and bars in major cities in Israel



4) Instride Inc (got the S-1 made effective and got the trading symbol ITDP) - was suspended on November 4, 2016 before any shares traded

https://www.sec.gov/litigation/admin/2016/33-10248.pdf

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001592365

http://www.otcmarkets.com/stock/ITDP/profile

https://www.sec.gov/litigation/suspensions/2016/34-79238-o.pdf

Incorporation Information - Incorporated in Delaware on December 23, 2011 using incorporator Mimi Sanik of Vcorp Services LLC
https://www.sec.gov/Archives/edgar/data/1592365/000147793213005893/inst_ex31.htm

Attorney used - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1592365/000147793213005893/inst_ex51.htm

CPA used - Ziv Haft (from Israel)
https://www.sec.gov/Archives/edgar/data/1592365/000147793213005893/inst_ex231.htm

Nominee officers used - Dina Yafe (from Isreal)

Forward Looking Business plan - to start a website that will provide solutions for amateur and professional runners outside of the United States, by providing tips and advertising for products and services which enable runners and fitness enthusiasts to determine when and where to purchase new running equipment.



Jonathan D Strum helped take a few S-1s public with questionable set-ups some of which later saw paid promotions. I think the following tickers were part of the same shell factory:

1) Praetorian Property, Inc (PRRE)

https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001537118

When PRRE went public as L3 Corp it has an identical type of set-up:
Incorporator = Mimi Sanik of VCorp Services LLC
https://www.sec.gov/Archives/edgar/data/1537118/000114420411069755/v242856_ex3-1.htm
Attorney = Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1537118/000114420411069755/v242856_ex5-1.htm
Accountant = Weinberg & Baer LLC
https://www.sec.gov/Archives/edgar/data/1537118/000114420411069755/v242856_ex23-1.htm
Nominee officers = Noam Katzav (of Isreal) and David Zohar (of Israel)

*** As CannabisRx Inc (CANA) the ticker was heavily promoted in 2013 by the HacktheStockMarket descendant site - Billioniare Stocks

CANA was one of the main stocks named when the DOJ announced Criminal Charges against the groups running the $500 billion Belize money laundering organization

https://www.justice.gov/usao-edny/pr/six-corporate-executives-and-six-corporate-entities-indicted-orchestrating-500-million

http://promotionstocksecrets.com/500-million-belize-penny-stock-manipulation-ring-shut/



2) Black Stallion Oil & Gas (BLKG)

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001542335

When BLKG went public as Secure It Corp it has an identical type of set-up:
Incorporator - Mimi Sanik of VCorp Services LLC
https://www.sec.gov/Archives/edgar/data/1542335/000114420412016086/v306475_ex3-2.htm
Attorney - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1542335/000114420412016086/v306475_ex5-1.htm
CPA - Dov Weinstein & Co. C.P.A. (from Israel)
https://www.sec.gov/Archives/edgar/data/1542335/000114420412026467/v311663_ex23-1.htm
Nominee Officers - Ofir Ben Arzi (from Isreal) and Binyamin Brodman (from Israel)

BLKG was heavily promoted in July/August of 2015 by the Wall Street Report (a newsletter landing page type promoter)


3) CUR Media Inc (CURM)

https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001556226

When CURM went public as Duane Street Corp it had an identical type of set-up:
Incorporator - Mimi Sanik of VCorp Services LLC
Attorney - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1556226/000114420412050042/v323133_ex5-1.htm
CPA - Dov Weinstein & Co. C.P.A. (from Israel)
https://www.sec.gov/Archives/edgar/data/1556226/000114420412050042/v323133_ex23-1.htm
Nominee Officers - Peretz Yehudah Aisenstark (of Isreal) and Yair Shofel (of Israel)


4) GASE Energy Inc (GASE)

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001539574

When it went public as Epsilon Corp it had an identical type of set-up:
Incorporated in Delaware by Robin Goldberg
https://www.sec.gov/Archives/edgar/data/1539574/000114420412005623/v300987_ex3-1.htm
Attorney - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1539574/000114420412005623/v300987_ex5-1.htm
CPA - Weingber & Baer LLC
https://www.sec.gov/Archives/edgar/data/1539574/000114420412005623/v300987_ex23-1.htm
Nominee Officers - David Schwartz (from Israel)


5) Bio-en Holdings Inc (BENH)

https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001568139

When it went public as Olivia Inc it had an identical type of set-up:
Incorporator - Mimi Sanik of VCorp Services LLC
https://www.sec.gov/Archives/edgar/data/1568139/000147793213000611/olivia_ex31.htm
Attorney - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1568139/000147793213000611/olivia_ex51.htm
CPA - Dov Weinstein & Co. C.P.A. (from Israel)
https://www.sec.gov/Archives/edgar/data/1568139/000147793213000611/olivia_ex231.htm
Nominee Officers - Elchanan Menachem Grossbaum (of Israel) and Eliyahu Prager (of Israel)


6) Lollipop Corp (LOLI)

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001565383

LOLI had an identical type of set-up when it went public:
Incorporated in Delaware by Robin Goldberg
https://www.sec.gov/Archives/edgar/data/1565383/000147793213000257/lollipop_ex31.htm
Attorney - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1565383/000147793213000257/lollipop_ex51.htm
CPA - Dov Weinstein & Co. C.P.A. (from Israel)
https://www.sec.gov/Archives/edgar/data/1565383/000147793213000257/lollipop_ex231.htm
Nominee Officers - Yisrael Meir Fromer (of Israel) and Malka Dahan-Auslin (of Israel)


7) AV Therapeutics Inc (AVTH)

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001537293

When AVTH went public as Aquino Milling Inc had an identical type of set-up:
Incorporated in Delaware by Robin Goldberg
https://www.sec.gov/Archives/edgar/data/1537293/000114420411071991/v244027_ex3-1.htm
Attorney - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1537293/000114420411071991/v244027_ex5-1.htm
CPA - Weinberg & Baer LLC
https://www.sec.gov/Archives/edgar/data/1537293/000114420411071991/v244027_ex23-1.htm
Nominee Officers - Louie P. Aquino (of the Phillipines) and Daniel Hochster (not sure where he's from but was working in Hong Kong)


8) Lipocine Inc (LPCN) - trades on the NASDAQ

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001535955

When LPCN went public as Marathon Bar Corp it has an identical type of set-up:
Incorporated in Delaware by Robin Goldberg
https://www.sec.gov/Archives/edgar/data/1535955/000114420411067627/v241719_ex3-1.htm
Attorney - Jonathan D Strum
https://www.sec.gov/Archives/edgar/data/1535955/000114420411067627/v241719_ex5-1.htm
CPA - Weinberg & Baer LLC
https://www.sec.gov/Archives/edgar/data/1535955/000114420411067627/v241719_ex23-1.htm
Nominee Officers - Israel Menahem Vizel (from Israel)



There may be more but I don't feel like digging any more at the moment.

It will be interesting to see if the SEC investigation leads to them discovering who is behind this shell factory and them bringing any charges against the people behind the shell factory and the attorney (Jonathan D Strum) and CPAs (Weinberg & Baer LLC, Dov Weinstein & Co. C.P.A., and Ziv Haft) that facilitated the shell factory.