Friday, March 09, 2018 12:09:33 PM
MSPC has an illegal kickback arrangement in place with Etelix.com USA LLC.
Has anybody seen the Etelix.com USA LLC purchase agreement? Here take a look:
https://promotionstocksecrets.com/wp-content/uploads/2018/03/MSPCEtelixagreement.pdf
The agreement was signed on April 10, 2017
Etelix.com USA LLC agreed to sell 51% interest in their company to MSPC in exchange for $2,040,000.
$240,000 was due right away.
$200,000 of that $240,000 was supposed to come from CF3 Enterprises since MSPC has no cash.
https://promotionstocksecrets.com/wp-content/uploads/2018/03/MSPCElix.pdf
Based on the recent press releases and 8k filings, CF3 Enterprises sold a bunch of stock (up to at least 1,497,763,019 shares) but never paid any money to Etelix.com USA LLC.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139149502
The other $1,800,000 was to be made payable in preferred stock which could be converted into free trading stock under rule 144.
Now here is where things get really dicey and really illegal. According to the acquisition agreement MSPC also had an illegal kickback arrangement in place with Etelix.com USA LLC.
Etelix.com USA LLC agreed that $700,000 of the money made from the selling of the free trading stock it received from its preferred stock conversions would be given back to MSPC. As the stock is sold, Etelix.com USA LLC would keep 61.11% of the proceeds and give 38.89% of the proceeds back to MSPC as a capital infusion until Etelix.com USA LLC has received $1,340,000 in cash and MSPC has received $700,000.
I think maybe we just found the smoking gun. Maybe that is what all the recent action on this stock is all about. Maybe MSPC is trying to halt CF3 Enterprises LLC from getting more stock because Etelix.com USA LLC is in the middle of selling stock into the market per the kickback arrangement in place with MSPC.
MSPC has all the earmarks of a pump&dump scam.
The website and press releases all like to highlight ventures (like hotels/resorts) that have nothing to do with MSPC.
MSPC has suddenly started dropping cannabis and blockchain/crypto into their "business operations" to try to create more volume for the stock.
MSPC avoided disclosures in SEC filings.
MSPC claims to have money but yet they couldn't pay off debts (thus the 3(a)10 transaction) and couldn't do any of their required SEC filings.
And Oscar Brito continues to raise red flags in his press releases. Today's PR has some interesting statements.
https://globenewswire.com/news-release/2018/03/09/1419825/0/en/Metrospaces-Announces-That-it-Will-Not-Honor-Notice-of-Conversion-for-3-a-10-Due-to-Potential-Fraud-Against-the-Company.html
MSPC has 10 billion shares authorized. There are plenty of shares available. So that statement is complete B.S.
This isn't the first 3(a)10 settlement agreement that MSPC has done and like all 3(a)10 settlements, everything was pre-approved before presenting the settlement to the court. You even had two attorneys (Laura Anthony and Stuart Reed) that both work out of the same law firm (Legal & Compliance LLC) working for both sides of the case. Anthony represented MSPC and Reed represented CF3 Enterprises.
The settlement agreement was signed by both MSPC and CF3 Enterprises with MSPC happily agreeing to the terms of the 3(a)10 transaction so that is just more B.S.
https://promotionstocksecrets.com/wp-content/uploads/2018/03/MSPCapprovedsettlement.pdf
So far the only legal case is the one where MSPC agreed to the 3(a)10 transaction. Nothing has been filed in any court any where to fight the settlement that MSPC agreed to so that's more B.S. until it actually happens.
Oscar Brito got this part right though
Yes it was a fraudulent structure because it was structured as a kick back arrangement. MSPC agreed to issue stock to CF3 Enterprises LLC first then the money raised from the selling of the stock would be used to pay off the debts. That's a kickback/capital raise arrangement. That's illegal and Indictments have been brought against others that have used 3(a)10 transactions this way. Look up the Unico case involving Anthony Lopez (the Unico CEO) and Mark E Lefkowitz (the financier). Both ended up in prison.
On top of that, CF3 Enterprises LLC was acting as its own unregistered broker for the transactions. IBC Funds LLC got busted for doing that
https://www.sec.gov/litigation/admin/2016/33-10042.pdf
Then top it all off with money being paid to a banned securities violator named Robert Gandy (as a paid consultant for MSPC) and large sums of money going to MSPC legal counsel Barry Miller through Panama and a lot was very much off about the 3(a)10 transaction.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139148668
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139153252
But make no mistake. MSPC was just as guilty as CF3 Enterprises in executing the transaction. And that transaction was already used to create up to at least 1,497,763,019 shares that were already dumped into the market.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139149502
It does look like MSPC may be taking steps to put a halt to the shady 3(a)10 transaction being used any more. That is probably the reason why they changed transfer agents. But since at this point there is a court document signed by MSPC and CF3 Enterprises approving the transaction it will be interesting to see if they can stop it.
Was the sudden about face with the 3(a)10 transaction because MSPC needs to make sure that Etelix.com USA LLC is the one one selling stock into the market or is it because the regulators are taking an interest in this stock and asking questions?
Regulators taking an interesting would explain the quick filing of the Form 15 to end MSPC SEC reporting requirements.
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