Shell Hijackings

[nodummy]

George Sharp is threatening to sue CCTL and PLFM because the executives/directors are not performing their fiduciary duties. Both CCTL and PLFM are seriously delinquent and so George Sharp sent demand letters to Bill Schaefer and Vic Devlaeminck (the attorney for both shells) telling them that if they don't get both Issuers up to date he will take them to court to have the current Board of Directors replaced with a new Board of Directors.

http://www.clippercorporatepartners.com/2018/07/its-time-to-step-aside-from-cctl-and.html

Sharp discloses that he is a shareholder in CCTL and PLFM which gives him some right to demand the current directors perform their fiduciary duties.

Some people might even consider it a win win. If CCTL and PLFM start doing filings to get both Issuers back up to date it could have a positive effect on the share price for both stocks increasing the value of any stock that George Sharp owns. If CCTL and PLFM fail to serve the best interests of its shareholders by not getting both shells back up to date with filings and Sharp ends up suing both Issuers and winning in court then it will allow Sharp (and any other shareholders that join in on the case) to assign a new board of Directors for both Issuers which would be a positive for the share price of both stocks.


It looks like Bill Schaefer was already making moves to prepare PLFM for some future pump&dump action. He reinstated his delinquent entity at the Nevada SOS in February then just last month he changed the name to Body Basics Inc at the Nevada SOS (something that FINRA will never approve) and did his puppet CEO trick by replacing himself with a puppet CEO named Jeffrey Moore. It's the same thing Schaefer always does when he's getting ready to run a p&d on one of his stocks. He'll replace himself with some puppet CEO and pretend he is bringing in new business operations. If he continues to follow his normal pattern PLFM will have a new twitter page soon to tout the fake new business operations.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141259247

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141261299

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142129143

Looks like the ITNS CEO Mike Cheung is also involved in PLFM now since Mike Cheung was also added a new officer at the Nevada SOS for PLFM

https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=tGyFrAq8Zzwd0P4RiwKpxA%253d%253d

https://www.otcmarkets.com/stock/ITNS/profile

PLFM needs to so something about its authorized share count at the Nevada SOS. They must have filed for a reverse split on December 28, 2016 that never got approved so the NV SOS shows 250,000,000 authorized shares but there are currently 2,022,113,362 shares outstanding

https://www.otcmarkets.com/stock/PLFM/security