Bravada International Ltd (BRAV)

[ORCA]

I WOULD LIKE YOU TO READ ALL THIS CAREFULLY.AND YOU WILL SEE WHAT WILL BE FORTH COMING TO BRAV AS WELL.DANNY HAS NO IDEA.WE GOT REMEDIES FOR EVERYTHING THESE DAYS.PFSD WAS DOING THE SAME THING.ALL THE WAY TO SUSPENSION.AND NOW TO BE REVOKED.BUT READ WHAT HAPPENS.NEXT.READ ALL THE POSTS CAREFULLY.BRAV WILL HAVE THE SAME END.BUT WE WILL MAKE LIFE MISERY LOST COMPANY FOR THE IGNORANT POS.READ THEM ALL CAREFULLY.
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tankworth Member Level Friday, 11/24/17 01:33:12 PM
Re: Oxonius post# 18703
Post #
18704
of 18747 Go

So now that the stock has officially been revoked, Pacific Sands can begin to conduct business as a private company, and can communicate with its shareholders on an open basis, correct? Like contact us, and tell us what's going on.
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Oxonius Friday, 11/24/17 01:56:38 PM
Re: tankworth post# 18704
Post #
18706
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Hopefully, yes !! As soon as the SEC post the "Final" decision, PFSD disappears as a public entity / ticker and current management should be free to resume communications. As 21 days have already expired since the Oct 27 "Initial" decision, we can safely assume we have been well and truly revoked.

It is quite possible that this Board will disappear also, though I have no idea whether any kind of archive will be available.
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liderider Wednesday, 12/06/17 12:41:03 PM
Re: CEOjustdoesnotcare post# 18664
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18710
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What's the consensus here folks? Has everyone given up as a hopeless case.I thought there was an effort to organize S/H.Personally,I do not feel Mitchie and the BOD should get off scot free for what amounts to Pubic Rape.We may never get our investment back,BUT....
JT,I have tried to contact you via email and phone. Can you help?

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Buddy M Monday, 12/11/17 12:42:06 PM
Re: Gliderider post# 18712
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18713
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Agree! Waiting for proceedings to start. Can't believe Mich let this happen. Never knew him to be so lacking in his responsibility.

Cannot let this go unpunished!!!!

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fool4this Monday, 12/18/17 06:30:31 PM
Re: None
Post #
18715
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Pacific Sands, Inc. News Release
KENOSHA, WI -- (Marketwired) -- 12/18/17 -- Pacific Sands, Inc. (the "Company") (OTCQB: PFSD) announced today that it has received a delisting notice from the Securities and Exchange Commission ("SEC"), advising the Company that, as a result of its failure to file any periodic reports since it filed a Form 10-Q for the period ending December 31, 2015, the registration of each class of its securities registered pursuant to Section 12 of the Exchange Act of 1934 would be revoked, absent an appeal.

As reported on the 10-Q for the period ending December 31, 2015, the Company had a shareholder equity deficit of $1.2 million and a working capital deficit of $1.3 million.

Because of the significant cost of servicing its debt, and the burdensome expense of preparing and filing periodic reports for the delinquent periods, and for any future periods thereafter, the Company does not expect to pursue an appeal.

The SEC ordered a temporary suspension in trading of the Company's securities, effective September 26, 2017, followed by a preliminary order by an SEC administrative law judge entered on October 27, 2017 that ordered the revocation of the Company's registration as a public company. At that time, a 21 day review period began that would allow interested parties to object to the order before it became final.

In late November, the Solicitor General of the United States submitted a brief in a case filed against the SEC, and unrelated to the Company, which challenges the method of appointment and authority of SEC administrative law judges. As a result of that case, pending matters for dozens of registrants, including the Company, have been remanded back to the judges that had handled them for further review and final disposition on or before February 16, 2018.

The Company expects that the outcome of this review will be to finalize the revocation of the Company's status as a public company.

Immediately thereafter, the Company will be operated as a private entity for the benefit of the existing shareholders. At that time, the Company intends to make a timely dissemination to shareholders of financial statements, compiled by a CPA, together with an overview of current operations. Until then, applicable restrictions relating to communications with shareholders remain in effect.

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malt66 Thursday, 12/21/17 03:24:46 PM
Re: None
Post #
18718
of 18747 Go
Well, Well...what

do we have here. Terry in the house? Financials soon and existing shareholders rewarded.

The most recognized transition between the private and public markets is an initial public offering (IPO). Through an IPO, a private company "goes public" by issuing shares, which transfer a portion of ownership in the company to those who buy them. However, transitions from public to private also occur. In public to private market transactions, a group of investors purchases most of the outstanding shares in the public company and makes it private by delisting it. The reasons behind the privatization of a company vary, but it often occurs when the company becomes heavily undervalued in the public market.

The process of making a public company private is relatively simple and involves far fewer regulatory hurdles than the private to public transition. At the most basic level, the private group will make an offer to the company and its shareholders. The offer will stipulate the price the group is willing to pay for the company's shares. Once the majority of the voting shares have accepted the offer, shares of the company are sold to the private bidder, and the company becomes privately held.

The biggest obstacle in this process is getting the acceptance of a company's shareholders, the majority of which need to accept the offer in order for the transition to be completed. If the deal is accepted by the shareholders, the company's buyer will pay a consenting group of shareholders the purchase price for each share they own. For example, if a shareholder owns 100 shares and the buyer offers $26 per share, the shareholder will receive $2,600 and relinquish his or her shares. There is a large benefit to this type of transaction for investors, as the private group usually offers a substantial premium for the shares compared to the current market value of the firm.

An example of a public company that became private is Toys "R" Us. In 2005, a purchasing group paid $26.75 per share to the company's shareholders - more than double the stock's $12.02 closing price on the New York Stock Exchange in January 2004, the trading day before the company announced it was considering dividing the company. As this example shows, shareholders are usually well compensated for relinquishing their shares.

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ORCA Member Level Friday, 12/22/17 02:40:37 PM
Re: ttubular post# 18733
Post #
18735
of 18747 Go
SO FORMER MAYOR GOT SCAMMED TOO.INVESTORS WHO HAD INVESTED $5 MILLION.
AND GREEN IS RIGHT WHILE LAWSUIT HAS NOT BEEN FILED YET,IT DOES NOT MEAN IT WILL NOT.SEVERAL ATTORNIES HAVE BEEN CONTACTED.I WANT MY MONEY BACK SEVERAL FOLDS WHAT I PAID.IF THERE ARE 400 MILLION O/S TIMES MINIMUM .0025=$1 MILLION.THIS IS THE MINIMUM PRICE THE PFSD SHAREHOLDERS SHOULD RECEIVE FROM THE BUYER.
.0025 PER SHARE MINIMUM OFFER TO THE SHAREHOLDERS.
EVERYONE SHOULD READ THIS BELOW.AND SEE WHAT HAPPENED TO US ALL.UNREAL.
I AM STILL IN DISBELIEF OF WHAT HAPPENED.I NEVER SAW IT COMING.
REAL COMPANY WITH REAL REVENUES,AND DID NOTHING.FOR SHAREHOLDERS.WHILE THE ENTIRE FREAKEN MARKET IS THROUGH THE ROOF,THIS COMPANY CHOSE TO BAIL FROM PUBLIC AND GO PRIVATE.UNFREAKEN BELIEVABLE.

RACINE INVESTORS LOSE THOUSANDS AFTER PACIFIC SANDS STOCKS DELISTED
https://www.racinecountyeye.com/racine-investors-lose-thousands-after-pacific-sands-stocks-delisted/
December 21, 2017 Denise Lockwood Business
Pacific Sands delisted
Pacific Sands Inc. (OTCMKTS: PFSD), which used to be located in Racine, was notified by the Securities and Exchange Commission that it will delist the cleaning products company because it failed to file financial reports since Dec. 31, 2015.

Now — after losing thousands of dollars — a number of investors question whether the company operated in good faith as its CEO Michael Michie indicated he wants to continue operating privately.

If the company gets delisted it will no longer be a public company and cannot be traded on the open market. However, the stock ticker may continue to ‘trade’ on the grey market but it may not even actually be transferred. As of May, the company had 400,000,000 shares of stock authorized. Of those, 399,050,050 are outstanding, according to InvestorHub.com.

“The Company expects that the outcome of this review will be to finalize the revocation of the Company’s status as a public company,” according to a press release by Pacific Sands. “Immediately thereafter, the Company will be operated as a private entity for the benefit of the existing shareholders.”

The company operated in Racine from 2004 to 2012, but then it moved to Kenosha.

Taking the company private is a sore subject among a number of investors, including former Mayor John Dickert and Alan Green, of New York, who lost thousands of dollars. Dickert said he invested about $7,000 about 10 years ago when the stock traded at 7 cents per share. When he cashed out, he got $67 back. Now the company’s stock price is listed as .0001.

“In the press releases they sent out, they kept telling us sales were good, but that was never reflected in the stock price,” Dickert said.

Green lost about $90,000. For years he has tried to communicate with officials at Pacific Sands after the stock price tanked, but he never got a phone call back, he said.

“We believe there is very strong evidence to suggest that… the current CEO (Michael Michie), The Board of Directors, select investors and Terry Haggerty, a local FINRA-barred financial advisor, have colluded to transfer the assets and ownership of the company from the shareholders who had invested more than $5,000,000 directly into the hands of the insiders and their friends,” he said.

According to the company’s financial statements, some of the proceeds from the stock in 2015 paid for an employee’s compensation, compensation for an officer of the company, and numerous convertible notes. It also had a shareholder equity deficit of $1.2 million and a working capital deficit of $1.3 million.

Haggerty had been a long-term shareholder of Pacific Sands and was appointed to the board of directors in January 2016. He resigned from the company on May 27, 2016.

Banned for life by the Financial Industry Regulatory Authority (FINRA) for manipulating Pacific Sands stock. FINRA officials found that Haggerty “engaged in manipulative trading activity in the shares of a penny stock traded in the over-the-counter market.”

The investors have not filed a formal lawsuit, but one may be on the horizon, Green said.

“They think by going private they can steal the company away from investors,” Green said. “But they are sending out the product and making money. Where is the money going from everything they are selling?”

Racine County Eye reached out to Michie, but he did not return a phone call.

The company said it intends to “make a timely dissemination to shareholders of financial statements, compiled by a CPA, together with an overview of current operations,” the press release reads. “Until then, applicable restrictions relating to communications with shareholders remain in effect.”
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ORCA Member Level Friday, 12/22/17 03:09:09 PM
Re: A deleted message
Post #
18738
of 18747 Go
I WANT A PRIVATE INVESTOR TO BUY US OUT AT A MINIMUM PRICE
OF .0025.
THERE IS NO WAY I WILL LOSE THIS KIND OF MONEY AND WALK AWAY.
THERE ARE ONLY TWO OPTIONS.1)BUY OUT THE SHAREHOLDERS AT THE RIGHT PRICE.
2)LAWSUIT.ONE OF THE TWO IS A SURE THING.