DD Support Board and Research Team

[nodummy]

PDXP - kind of interesting that PDXP used the bogus assets provided by NVC Fund Holdings Trust to help Samuel Oshana (Northbridge Financial Inc) dump 208,000,000 free trading shares issued to Oshana at $.0009/share

https://www.otcmarkets.com/stock/PDXP/news/PDX-Partners-Inc--Eliminates-Debt-From-Its-Balance-Sheet?id=180572&b=y

On November 8, 2017, the Company received a Florida State court approval of a settlement and stipulation (Case No. 2017 CA 5550) for the satisfaction Company debt in the amount of $188,919.62 through the issuance of shares which will be exempt from SEC registration in reliance upon Section 3 (a)(10) of the Securities Act based upon the Courts finding. The agreement provides the shares will be issued at 50% to the market price as defined in the agreement, and the owner may not own more than 9.9% at the time of issuance. As part of that agreement the Company initially reserved 208,000,000 of its shares with its stock transfer agent as of November 8, 2017.

I looked up the court case which is in Sarasota County and $175,919.62 of the debt was money owed to long time PDXP insider (and former CEO of the shell) John A Roberts Jr (using his wife's name Juliet C Roberts) for money allegedly provided to cover expenses for PDXP between 2014 - 2016 while the ticker was still known as My Social Income Inc (MSOA). John A Roberts Jr was the CEO of MSOA from 2009 - 2013 prior to Colleen Schmidt being name the CEO and Roberts moving into just a controlling shareholder position.

The other $14,000 came from money owed to Windsor Street Capital for acting as the broker for the 3(a)10 debt to free trading stock transaction.

The court case (which is too big for me to upload and put in a link but is available at the Sarasota County Court records site) gives a list of all the expenses paid for MSOA by John A Roberts Jr. Most interesting of all is that John A Roberts Jr was paying long time MSOA CEO Colleen Schmidt $2,400/month in cash as a consultant. Only the money wasn't going directly to Colleen Schmidt. Instead the money was going to Kelly Schmidt. I'm not sure if Kelly is an alias for Colleen or maybe her daughter, but it's a pretty fishy little set-up especially considering that both John A Thomas Jr and Colleen Schmidt are long time insiders for MSOA/PDXP.

MSOA/PDXP has been making big payments of free trading stock to cover debts going back more than 8 years leading to 4 big reverse splits during John A Thomas Jr's time with the Issuer:

https://www.otcmarkets.com/stock/PDXP/profile

Capital Change=shs decreased by 1 for 1000 split Pay date=05/11/2011
Capital Change=shs decreased by 1 for 750 split Ex-date=04/14/2014.
Capital Change=shs decreased by 1 for 1000 split Pay date=01/28/2015.
Capital Change=shs decreased by 1 for 2500 split. Pay date=06/24/2016.


According to the most recent PDXP financial statement, that $174.919.62 should be the last of the long term debt which led to more than 7 years of abuse of the shell and 4 large reverse splits.

https://www.otcmarkets.com/financialReportViewer?symbol=PDXP&id=182530

Apparently the bogus NVC Fund Holdings Trust assets did their job and brought in enough volume to cover the dumping of the 208,000,000 shares and keep the share price up.


PDXP does still have $149,000 in convertible debt on its balance sheet though. That convertible debt is now more than 6 months old so it looks like there will be more dilution for PDXP coming in the future.