Thursday, March 08, 2018 6:34:31 PM
MSPC has a $1,037,238 3(a)10 settlement with CF3 Enterprises LLC. I had posted about this way back in January of 2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138052885
MSPC has already started issuing stock towards the 3(a)10 settlement agreement
The 3(a)10 transaction with CF3 Enterprises LLC was settled on November 1, 2017
MSPC disclosed in an 8K that the case was settled and that on November 14, 2017 they issued 460,000,000 free trading shares of stock to CF3 Enterprises LLC
https://backend.otcmarkets.com/otcapi/company/sec-filings/12433063/content/html
According to the 8K, the shares were issued at a 50% discount to the lowest price of the stock over the previous 30 trading days. So since that was $.0001/share those shares were issued at $.00005/share covering $23,000 of the $1,037,238.88 owed.
The 8K suggests that shares will be issued to CF3 Enterprise on a monthly basis.
The 8K also suggests that CF3 Enterprises LLC will be selling the stock first to raise the money to pay the "Claimants" from which it acquired the debts. CF3 Enterprises will be paying the claimants off over the next 210 days following the settlement. This isn't exactly legal. That is a kickback scheme and the SEC would frown upon a transaction like that.
On October 20, 2017 the O/S was 3,892,178,868 shares and the float was 2,042,178,868 shares.
On February 23, 2018 the O/S was 5,389,941,887 and the float was 3,539,941,887 shares.
That's an increase of 1,497,763,019 shares to the float between October 20, 2017 and February 23, 2018.
We already know that 460,000,000 shares were issued to CF3 Enterprises LLC on November 14, 2017. There is no doubt that the other 1,037,763,109 new free trading shares were also issued to CF3 Enterprises Inc.
Since MSPC mostly traded at $.0001/share between November 14th and February 23rd, CF3 Enterprises LLC probably got all of its shares at $.00005/share. That means the 1,037,763,109 new free trading shares would have paid off another $51,888 in debt.
$1,037,238.88 - $74,888 would leave $959,350.88 to go.
MCPS already raised their Authorized Share Count from 10,000,000,000 to 20,000,000,000 to make room for all of the future dilution from the 3(a)10 settlement
I think it is a super safe bet that the recent massive volume/interest on MSPC is because of CF3 Enterprises LLC selling stock into the market. The volume way more than made up for the shares that CF3 Enterprises LLC was dumping into the market, but there is no question that CF3 Enterprises LLC will be dumping a lot more shares into the market in the future.
The MSPC float will continue to grow and eventually there won't be enough interest in the stock to keep soaking up all the new shares. Mark my words. MSPC will end up back where it started.
MSPC has other issues besides just the shady 3(a)10 settlement that will lead to billions more shares entering the float.
MSPC is almost 2 years delinquent with its SEC filings. As a delinquent SEC filer, MSPC is a risk to get suspended by the SEC.
Add in the fact that MSPC paid a banned securities violator named Robert Gandy for services and the risk of suspension increases.
https://promotionstocksecrets.com/wp-content/uploads/2018/03/MSPCGandy.pdf
https://www.sec.gov/litigation/litreleases/2013/lr22765.htm
https://www.sec.gov/litigation/complaints/2013/comp22765.pdf
https://promotionstocksecrets.com/wp-content/uploads/2018/01/SECvsGandyOrder.pdf
It wouldn't surprise me at all if Robert Gandy is some how involved in CF3 Enterprises LLC with Clarence Fitchett.
Here is a break down again of the CF3 Enterprises LLC 3(a)10 settlement
The MSPC/CF3 Enteprises LLC 3(a)10 settlement was one of three nearly identical 3(a)10 transactions done by CF3 Enteprises LLC. DRWN and MCIM were the others.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138052885
This isn't even the first 3(a)10 transaction done by MSPC.
MSPC did a 3(a)10 transaction with IBC Funds LLC back in early 2015 - Case #2015CA000503AX in Manatee County Florida
https://promotionstocksecrets.com/wp-content/uploads/2018/03/MSPCIBCFunds.pdf
https://promotionstocksecrets.com/wp-content/uploads/2018/03/MSPCIBCFUNDS2.pdf
$50,750 owed to Luis Rodriquez + $11,500 owed to Paritz & Co + $131,250 owed to Adapta Capital Management LLC totaling $193,500 was paid off by IBC Funds LLC in exchange for discounted free trading stock
Luis Ernest Rodridquez was some attorney from Venezuela that allegedly assisted with filings
Paritz & Co was legal counsel for the Issuer in the United States
Adapta Capital Management LLC which was signed for by Alan Furth was paid as a consultant for helping arrange the acquisition of "Ikal Lodge and Wine". Furth was also a native of Venezuela that had moved to the United States.
Way back in 2013 when MSPC did an S-1 to register 335,200,000 shares of stock (mostly owned by the Richard Astrom family) to be free trading, Alan Furth was one of the shareholders
https://backend.otcmarkets.com/otcapi/company/sec-filings/9069013/content/html
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM