Canna Corp (fka CNCC)

[CashBowski]

SimpleCork asset purchase agreement is void!

Not shocking, but without the $12 million asset (although heavily inflated) RCGR is pretty much worth at best low single digits since they have yet to report that they generate any income. They’re listed as a shell risk with a Stop designation on OTCM along with no TA share count verification. Why they’re trading with a $12M MC is beyond me!

I guess I was dead on with my last post on this subject.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141816416

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141852058

News today confirms spin-off of RCGR shares to VPOR shareholders was just another Dror-scam in a long list of tricks he’s pulled on shareholders throughout the years, and it’s been speculated for some time that it very likely fell flat on its face the minute they realized their new vehicle to move toxic shares (RCGR) couldn’t get corporate actions approved by FINRA. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141816416

So, now let’s spin a new scheme to conjur up another publicly traded company, but it sure as heck looks like an old Svorai sleight of hand pulled out of his bag of tricks... http://www.stockspinoffs.com/2013/01/04/onteco-and-the-curious-disappearance-of-nexphase-lighting/

Here’s the 8-k for spin-off of NexPhase lighting which needless to say never saw the light of day; not too difficult to spot the similarities to VPOR spin-off and to today’s PR: https://www.prnewswire.com/news-releases/onteco-corporation-ontc-announces-spin-off-of-its-subsidiary-nexphase-lighting-inc-and-dividend-distribution-of-nexphase-shares-169753766.html

MIAMI, Sept. 14, 2012 /PRNewswire/ -- Onteco Corporation (OTC.QB: "ONTC"), (the "Company", or "Onteco"), announced today that it intends to spin-off its wholly-owned subsidiary, NexPhase Lighting, Inc., ("NexPhase"), by means of a distribution of shares of common stock of NexPhase to the Company's shareholders of record as of October 14, 2012 (the "Spin Off").  The number of NexPhase shares to be issued to the Company shareholders on a pro-rata basis in accordance with their record holdings will be determined. The Company is currently preparing and filing an Information Statement under Section 14(c) of the Securities Exchange Act of 1934, as amended, to its shareholders. It is further contemplated that the shares of common stock of NexPhase as distributed will be registered with the Securities and Exchange Commission with the result that a market will be created for trading of NexPhase shares and NexPhase will become a fully reporting company

"We are very pleased to be able to spin off NexPhase and create a new public company," said Onteco CEO, Dror Svorai. "We are delighted to be able to provide our shareholders with an ownership interest in this new, exciting company." Svorai concluded, "Once the Spin Off is effective and all regulatory requirements meet, we believe the new publicly-traded NexPhase will help demonstrate the value of stock ownership in Onteco."

This new scheme is even better — they make out in both companies since they’re hoping folks will fall for the same buy-and-hold trick a 3rd time since it all worked out brilliantly (for them) in all the previous attempts.

So, what the heck — this time let’s go bold but not only in one toxic ticker, let’s just throw the kitchen sink at it and dole out non-existent shares in both companies, one of which has no value, but yay everybody gets free imaginary shares haha. They swear and cross their wretched heart this time you’re really finally getting shares in a non-existent company with no market, but they’re “trying to be fair” and admitting to attempting to save you from all the dilution here..... LMAO!

In order to provide further benefits to such shareholders and enable them to avoid dilution. https://www.otcmarkets.com/stock/RCGR/news/story?e&id=1124086

So, we buy the shares and while holding for freebies we pray that we ”avoid dilution”...got it, good plan.

Dror is in desperate need of a 12 step program for being a habitual liar with a penchant for running companies into the ground — primarily financing their lifestyle by fleecing investors with death spiral financing by issuing massively discounted shares to his brothers and the likes of Kramer, Magna, KBM and the list goes on...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139973046

By the way — didn’t they say in the faux spin-off (the one before this bogus spin-off) that VPOR was owed $2 Million in debt payment? Sigh...LOL the lies just keep stacking up with these clowns!