Home > Boards > US OTC > Delisted > Metaswarm Inc. (fka MSWM)

Marvin Shannon swindled his shareholders and investors! I

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
seeker0 Member Profile
 
Followed By 0
Posts 14
Boards Moderated 0
Alias Born 10/07/13
160x600 placeholder
Monster Beverage Reports Lower 2Q Sales, Points to Sequential Sales Improvement -- Earnings Review
Monster Beverage Corp. reported lower second-quarter sales as the coronavirus pandemic hit sales at its largest sales channel but pointed to a sequential sales improvement. Here's what you need to know:
Activision Blizzard, Seeing Higher Gaming Demand During Pandemic, Raises Annual Guidance -- Earnings Review
Stocks Edge Higher as Earnings Season Marches On -- Update
CME Settles Lawsuit With Regulator Over Leaks by Former Employees
Phil Schiller, Friend of Steve Jobs, to Be 'Apple Fellow' -- 2nd Update
Microsoft CEO Nadella Wades Into U.S.-China Tensions in TikTok Pursuit
Corn Drops on Higher Yield Forecast
Tropical Storm Isaias Knocks Out Power for Over a Million Homes in New York, New Jersey Region -- Update
Top Company News of the Day
Phil Schiller, Friend of Steve Jobs, to Be 'Apple Fellow' -- Update
Ford Names Jim Farley as New CEO, Succeeding Jim Hackett -- 3rd Update
Apple Taps Greg Joswiak as Marketing Chief
U.S. to Launch Covid-19 Drug Research Starting With Eli Lilly Treatment
Tropical Storm Isaias Knocks Out Power to 350,000 New Jersey Households
Correction to Cloud Spending Article on Aug. 3
U.S. Postal Service Is Urged to Stop Delivering Mysterious Seeds--Update
Voyager Therapeutics Down 11% on End of AbbVie Collaborations
Statement in Compliance With the Article 223-16 of the General Regulation of the Financial Markets Authority (Autorit...
Apple Launches New 27-Inch iMac; Features Include 10-Core Option, Improved Display and Camera
NBCUniversal Begins Layoffs, Cuts Expected to Be Kept Under 10%--Update
NBCUniversal Begins Layoffs, Cuts Expected to Be Kept Under 10%
Booking.com Plans to Lay Off Up to 25% of Workforce
Vivendi Sends Letter to Mediaset on Merger Plan
seeker0   Thursday, 02/09/17 04:50:46 PM
Re: None
Post # of 893 
Marvin Shannon swindled his shareholders and investors! I warned you years ago. Now I have extra information. My girlfriend is a tax fraud lawyer, for white collar cases. I showed her what I knew about Metaswarm but I was missing something. She's very sharp and she dug deeper and found this.

First a recap. In Feb 2008 Metaswarm made this press release about how they raised $1 million from AIS -

http://www.prnewswire.com/news-releases/metaswarm-announces-completion-of-1000000-financing-with-institutional-investors-56795042.html

The funding was from Arthur Maxwell -

http://www.bloomberg.com/research/stocks/private/person.asp?personId=962569&privcapId=729702

The funding contract was this -

https://www.lawinsider.com/contracts/17l2t2nV92JuikXqImJuum/metaswarm-inc/patent-security-agreement/2008-01-25

The money was secured by Shannon agreeing to make as collateral the patents pending that the company had at that time (Jan 25 2008), as described by Schedule A. My girlfriend got a copy of A. She has access to this stuff.

Here are those pendings -

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.html&r=0&f=S&l=50&d=PG01&OS=in%2Fshannon+and+spam&RS=%28IN%2Fshannon+AND+spam%29&TD=16&Srch1=%28shannon.IN.+AND+spam%29&StartNum=&Refine=Refine+Search&Query=in%2Fshannon+and+spam+and+in%2Fmarvin

All those pendings are in A. See the earliest pending - #20050132069

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.html&r=11&f=G&l=50&d=PG01&p=1&S1=%28%28shannon.IN.+AND+spam%29+AND+marvin.IN.%29&OS=in/shannon+and+spam+and+in/marvin&RS=%28%28IN/shannon+AND+spam%29+AND+IN/marvin%29

Go to http://appft.uspto.gov/netahtml/PTO/index.html
and pick the Public Pair button. You get to a page where you pick the 'publication number' option and type in 20050132069. (First you have to pass an image id test to make sure you are human.) The result page gives the status of the pending. Pick the 'transaction history' tab. The page says

03-15-2005 Abandonment -- During Preexam Processing

Notice the above date in 2005. Here's the skinny, when an application is abandoned, that's it. It can NEVER become a patent, it's worthless. Kaput. Finito.

There's more. For the application 20050198160 if you do the above steps, you get

05-17-2005 Abandonment -- During Preexam Processing

For 20060020672 you get

10-04-2005 Abandonment -- During Preexam Processing

Here's the smoking gun. Those 3 applications were listed in Schedule A, but worthless in 2008 when the $1 million was handed to Metaswarm. He left those in Schedule A to buff it up to impress and persuade Maxwell.

Marvin Shannon made a material misrepresentation for his financial gain. The textbook definition of fraud. He obviously thought correctly that Maxwell would never drill down into the patent database to find out. Slimy!

What can you do? If you are a shareholder, contact Maxwell. His firm has a website -

http://www.ais-inc.com/Home/About#who

Maxwell was the victim of a scam and lost a million bucks. He should take action. You guys can also contact the SEC. I've read messages on this board about how some of you have suspicions. Well maybe this message will give you concrete evidence to use.

Good luck and God bless you!!!





Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist