DD Support Board and Research Team

[nodummy]

BYOC - Too many scammy tickers to follow. I haven't really looked at BYOC beyond noticing the chart on occasion.

I do find it interesting where most of the outstanding stock is parked as of the last disclosure statement from December 2017.

https://www.otcmarkets.com/financialReportViewer?symbol=BYOC&id=184175

In 2011, former BYOC insider Robert J McNulty (who has a very dirty past included lots of lawsuits and some SEC litigation) acquired $1,623,292 in debt that was owed by BYOC to Infusion Brands International Inc (INBI) for an undisclosed amount of cash then took $386,572 of that debt and allegedly sold it to 5 separate anonymous entities in private transactions in 2013. Those 5 separate anonymous entities then immediately converted the debt into 487,200,000 shares. It looks like a chunk of the shares may have been sold into the market, but most of the shares remain divided up between a bunch of suspicious offshore entities:

- 97,800,000 of shares got parked in Belize in a foreign entity named Universal Partners Corp

- 97,800,000 of shares got parked in Nevis in a foreign entity named Legion Trading, LLC

- 96,000,000 of the shares got parked in Belize in a foreign entity named Eurolink Investments, Inc

- 50,000,000 of the shares got parked in Panama in a foreign entity named Jurojin Inc

Obviously the reason the debt/shares were divided up between 5 accounts was so that each of the 5 individual accounts would own less than 10% of the outstanding share count avoiding being considered beneficial owners which would have caused the stock to be restricted.

George Pursgrove was the CEO during that transaction.


There is also 243,200,000 shares held in an account in the Cayman Islands at the Caledonian Bank Limited. Going through old filings, those shares look like they came from an old debt conversion during 2011 done as a result of a Linlithgow Holdings LLC Note (or Linlithgow Holdings Inc depending on where you are reading in the filings). According to the old BYOC filings, Linlithgow Holdings served as a financier of some sort for BYOC in 2009. In 2011 the debt owed to Linlithgow Holdings was allegedly sold by Linlithgow Holdings to a group of 17 non-affiliate investors for an undisclosed amount of cash. Those 17 non-affiliated investors then converted the debt into 353,531,236 free trading shares of stock. Some of the stock looks like it got sold into the market, the remaining 243,200,000 shares look like they ended up in a single account at Caledoian Bank Limited.

Linlithgow Holdings was controlled by Rhett McNulty (obviously related to Robert J McNulty).

https://www.sec.gov/Archives/edgar/data/1386049/000100487808000045/sched13dlinlithgow208.txt

https://www.sec.gov/Archives/edgar/data/1386049/000101376210000303/xslF345X03/primary_doc.xml

Obviously the reason the debt/shares were originally divided up between 17 accounts we so that each of the 17 individual accounts would own less than 10% of the outstanding share count at the time allowing them to avoid being beneficial owners which would have made the stock restricted.

Robert J McNulty was the CEO during that transaction.


Some super shady stuff! Looks like a lot of offshore money laundering and conscious efforts to hide share ownership to avoid beneficial ownership/affiliate rules.



A couple of those offshore entities ended up in money laundering litigation including Caledonian Bank Limited (which was a favorite of many penny stock pump&dump money laundering groups including the Mulholland/Kueber group) and Jurojin Inc (which was linked to BJ Gallison)

https://www.sec.gov/litigation/complaints/2015/comp23195.pdf

https://www.sec.gov/litigation/litreleases/2017/lr23921.htm

https://www.sec.gov/litigation/complaints/2015/comp-pr2015-146.pdf

https://www.sec.gov/litigation/admin/2017/34-80959.pdf


Since BYOC has all of the Caledonian Bank Limited shares listed as one owner now making it a 23.4% owner those are restricted.

The 341,600,000 shares divided up between the Panama, Nevis, and Belize entities are all included in the 709,056,425 BYOC float and it looks like so is 50,000,000 shares owned by a California based IR firm named La Jolla IPO Inc (Edward Monet) and 50,000,000 shares owned by another California based IR firm named Big Wave Stock Inc.

Since we know who owns 451,600,000 of the BYOC float, that means the BYOC retail float is at most 257,456,425 shares. I don't know what the chances are of those 451,600,000 free trading shares entering the market any time soon.

I also don't know what the chances are of some of those big liabilities/debts on the BYOC balance sheet being turned into free trading stock in the near future. BYOC would first have to raise the Authorized share count to make any new conversions since their 1,000,000,000 A/S is maxed out.

It would be a good idea to check the BYOC Nevada SOS page often for any amendments to the A/S

https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=IshhFfA60c7OOIJYl2GxZw%253d%253d&nt7=0