Indigenous Roots Corp (fka IRCC)

[nodummy]

I have a question.

Up until Harold Schneider and Ron Loudoun and Michael Matvieshen showed up involved in the IRCC shell, the shell was controlled by Monaco Capital Ltd (aka Monaco Capital Inc) which was an offshore entity which run out of Robert Bandfield's office at IPC Corporate Services LLC. Monaco Capital Ltd owned 863,750 of the 1,612,500 outstanding shares (53%).

Robert Bandfield got busted in 2015 for operating an offshore tax haven to assist people with running pump&dumps on penny stocks by hiding their ownership in securities so they could avoid paying taxes and violate securities law anonymously.

http://promotionstocksecrets.com/wp-content/uploads/2014/09/239437492-USA-v-Bandfield-Et-Al-Doc-1-Filed-08-Sep-14.pdf

http://promotionstocksecrets.com/500-million-belize-penny-stock-manipulation-ring-shut/

It was not long after Bandfield's arrest that the IRCC shell suddenly went delinquent and stopped doing its SEC filings.

On February 10, 2017, Banfield got sentenced to 6 years in prison for his crimes.

https://promotionstocksecrets.com/wp-content/uploads/2018/04/Bandieldsentencing.pdf

2 weeks after Bandfield was sentenced, the Harold Schneider/Ron Loudoun/Michael Matvieshen group showed up in this shell and started doing the SEC filings again.

The only explanation is that the former control person who held those 863,750 shares in the offshore tax haven passed the IRCC shell to the Harold Schneider/Ron Loudoun/Michael Matvieshen group.

After the Harold Schneider/Ron Loudoun/Michael Matvieshen group gained control of the shell, Harold Schneider and Ron Loudon were issued 3,000,000 shares each for "consulting services" rendered giving them voting control of the shell.

My question is what happened to the 863,750 shares held in the offshore tax haven? Monaco Capital Ltd would still be more than a 10% owner with 7,612,500 outstanding as of August 31, 2017 but they were not listed as a beneficial owner in the 10K for that period

https://backend.otcmarkets.com/otcapi/company/sec-filings/12430454/content/html

Since IRCC is an SEC filer, as a beneficial owner, if those shares were sold and split up between 2 or more parties bringing the ownership for each party down under 10%, wouldn't Monaco Capital Ltd have to report the sale in an ownership filing? And shouldn't something like that be mentioned in the 10K if they did sell the shares?


And now that IRCC has proceeded in issuing a bunch more stock for well below the market price as part of some private placements/subscription agreements:

600,000 shares at $.05/share and 500,000 shares at $.10/share

plus 125,000 for $4.00+ a share

Ultimately bringing the O/S up to 8,837,618 shares thus knocking Monaco Capital Ltd down to being less than a 10% owner, does that now mean that those 863,750 shares are free trading even if Monaco Capital Ltd kept control of the shares? IRCC saw some interesting volume back at the end of 2017. Maybe some of the Monaco shares have been getting sold by Monaco or whoever gained control of those shares?


And out of curiosity... would you happen to know who really controlled those 863,750 shares that were being held in that offshore tax haven?

Monaco was involved in a few paid promo tickers back in the day.

Old IRCC filings list a "K Kaffa" as the control person for shares being held in the Monaco Capital Ltd (aka Monaco Capital Inc) offshore account.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7285495

Kaffa acquired those shares in February of 2010 from Karl Kottmeier, the original CEO of the IRCC shell when it went public.

Erwin Speckert was another major shareholder in the IRCC shell at this time through his company Ostras Group Ltd.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7655033

Erwin Speckert who is from British Columbia was busted by the regulators in 2013 for his role in helping launder money through foreign bank accounts for stock promoters and financiers.

https://www.upi.com/Top_News/World-News/2013/03/26/Man-with-13-million-in-backpack-charged/UPI-73671364308001/#ixzz2OfxhxtTg

http://www.vancouversun.com/business/David+Baines+tell+policy+pervaded+penny+stock+promotion+dealings/7684216/story.html

That's a lot of offshore money laundering groups involved in the IRCC shell before it ended up in the hands of the Harold Schneider/Ron Loudoun/Michael Matvieshen group. When you consider Schneider and Matvieshens ugly history in penny stocks (and just in the business world in general) it really makes you wonder.


Is the BCSC also asking questions about share ownership as part of the records they are seeking that caused the CTO in Canada?

https://www.bcsc.bc.ca/Enforcement/Cease_Trade_Orders/PDF/2018_BCSECCOM_67/