Shell Hijackings

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John Ballard - shell hijacker profile

Today John Ballard filed for custodianship of the abandoned Pharmagen Inc (PHRX) shell. PHRX was best known as Sunpeaks Ventures, Inc (SPNK) which was an old Awesome Penny Stock paid promotion with Mackie Barch as the CEO and lots of offshore money laundering activity behind the scenes.

John Ballard acted pro se for the PHRX custodianshp petition (no attorney)

A list of John Ballard custodianship petitions includes:

1) 8/2/2018 - case #A-18-778786-C - Pharmagen, Inc (PHRX)
2) 2/16/2018 - case #A-18-769712-P - PC Group Inc (PCGR) - not completed
3) 10/9/2017 - case #A-17-762812-P - Globalmin Ventures Inc (GMVI) - did a reverse split and name change to VetaNova Inc (VTNA)
4) 9/28/2017 - case #A-17-762303-P - US Tungsten Corp (USTU) - did a reverse split and name change to Aziel Corporation (AZIL)
5) 2/14/2017 - case #A-17-751039-P - Sky Digital Holdings Corp (SKYC) - did a reverse split and name change to Qualis Innovations Inc (QLIS)


So far John Ballard has done reverse splits on all of the shells that he completed hijacking.



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John Ballard's background

Digging into Ballard's past, I found that in December of 2015, John Ballard had agreed to acquired an offshore entity named Jackson Clearing Corporation from Jehu Hand.

https://www.sec.gov/Archives/edgar/data/1646595/000100233415000133/management8k.htm

Through Jackson Clearing Corporation Jehu Hand held control of MabCure Inc (MBCI) which was a shell he hijacked through the Nevada Courts in April of 2015 - case #A-15-716907-B

MBCI was the parent company of Shika Dam which was being spun out of MBCI and taken public through a Form 10 registration statement (which was never completed).

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001646595

The acquisition of Jackson Clearing Corporation by John Ballard from Jehu Hand was apparently recended. According to an 8K filed by Shika Dam in January of 2016, the acquistion was cancelled when MBCI was unable to get approval from FINRA for a reverse split.

https://www.sec.gov/Archives/edgar/data/1646595/000100233416000134/management8ka.htm

Unhappy with the rejection of the reverse split, Jehu Hand liquidated the shells only asset (a sailing vessel named Azzurra) from the balance sheet and abandoned the Issuer.


Jehu Hand is awaiting sentencing now for running multiple stock manipulation schemes

https://www.justice.gov/usao-ma/pr/california-attorney-indicted-and-new-jersey-stock-promoter-convicted-stock-manipulation

https://www.justice.gov/usao-ma/pr/california-attorney-and-two-brothers-charged-stock-manipulation-scheme

https://www.scribd.com/document/380171467/Jury-Verdict-Jehu-Hand

But before Hand landed in trouble with the regulators he hijacked (or attempted to hijack) a few shells with Jackson Clearing Corporation using attorney Zachary P Takos:

04/14/2015 - case #A-15-716907-B - MabCure, Inc (MCBI)
05/05/2015 - case #A-15-717982-B - Mango Capital Inc (MCAP)
05/19/2015 - case # A-15-718654-B - North American Gold & Minerals Fund (NMNX)
06/15/2015 - case #A-15-719940-B - Nutech Inc (NTCI)
07/20/2015 - case #A-15-721711-B - Next10 Inc (NXTN)
09/18/2015 - case #A-15-724921-B - Purple Beverage Co Inc (PPBV)

**Side Note - PPBV used to be run by Theodore Farnsworth. Same Theodore Farnsworth that has made a HMNY into a joke of a company.



It certainly seems possible that John Ballard stepped into the shell hijacking business because of his association with Jehu Hand.



Besides the interesting connection to Jehu Hand and his hijacking business, John Ballard can also be linked to Jehu Hand through Worldwide Energy and Manufacturing USA Inc (WMFG). Ballard was a large shareholder in the Issuer going back to 2000 before it even went public as Tabatha III Inc

Tabitha III Inc

https://www.sec.gov/Archives/edgar/data/1111816/000111181600000001/0001111816-00-000001-0001.txt

Ballard became the CFO starting on September 20, 2003 coinciding with the Issuer merging with Worldwide Energy and Manfacturing USA Inc, a position he'd hold until 2010.

https://www.sec.gov/Archives/edgar/data/1111816/000126014303000004/tab14f1.htm

By the end of 2003, Jehu Hand was hired as legal counsel for the Issuer

https://www.sec.gov/Archives/edgar/data/1111816/000100233404000002/opned.txt

Jehu Hand was still listed as a shareholder in WMFG in 2010.

Worldwide Energy and Manufacturing USA Inc was named in SEC litigation in 2012 along with 2 of its principals (Jimmy Wang and Jeff Watson) for defrauding investors while conducting a private placement in 2010 to raise $9 million in capital. According to the SEC, WMFG misled the public by failing to disclosure profit sharing arrangements resulting in the company overstating its true value and overstating its net income on its financial statements

https://www.sec.gov/litigation/complaints/2012/comp-pr2012-181.pdf

https://www.sec.gov/litigation/litreleases/2012/lr22475.htm

The SEC also immediately moved to revoke the registration of Worldwide Energy and Manufactoring USA Inc's stock to prevent it from continuing to trade. WMFG had fallen a year behind with its required SEC filings at this point.

https://www.sec.gov/litigation/admin/2012/34-66999.pdf

Following the SEC action, Worldwide Energy and Manufacturing USA Inc filed for Banktuptcy in 2013

https://www.law360.com/articles/455634/worldwide-energy-seeks-ch-11-protection


The other 4 mirror blank check companies associated with Tabatha III Inc (which became WMFG) were Tabatha I Inc, Tabatha II Inc, Tabatha IV Inc, and Tabatha V Inc.

John Ballard was a large shareholder in all five blank check companies when they filed to go public in 2000.


Tabatha I Inc

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001111818

John Ballard served as the president for Tabatha I Inc.

Tabatha I Inc eventually became Interactive Therpeutics Inc which was revoked as a delinquent filer in 2011

https://www.sec.gov/litigation/admin/2011/34-65462.pdf


Tabatha II Inc

Tabatha II Inc (like Tabatha III Inc) was used for a reverse merger with a shady Chinese company - Longwei Petroleum Investment Holdings Ltd (LPIH).

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001111817

Like WMFG, Jehu Hand was hired as the legal counsel for LPIH coinciding with the Chinese reverse merger in 2007.

https://www.sec.gov/Archives/edgar/data/1111817/000128460607000029/exh51.htm

LPIH also shared a key insider with WMFG - Jimmy Wang

Following the Longwei reverse merger, Hand assisted with an S-1 registration statement to make stock John Ballard, Jimmy Wang, and others owned free trading

https://www.sec.gov/Archives/edgar/data/1111817/000128460607000029/longweis1.htm

LPIH was the focus of lots of fraud allegations by the start of 2013

https://seekingalpha.com/article/1092561-longwei-petroleum-the-most-brazen-china-based-u-s-listed-rto-to-date

The allegations led to LPIH failing to file its next 10Q and LPIH was kicked off the NYSE in March of 2013.

LPIH filed for bankruptcy soon after that.

https://globenewswire.com/news-release/2018/01/30/1314611/0/en/Court-Orders-Dissolution-of-Longwei-Petroleum-Investment-Holding-Ltd-and-Distribution-of-Company-Assets-to-Shareholders-as-of-March-22-2013-LPIH.html

In 2016 the SEC charged Longwei and its CFO Michael Troups with conducting a massive fraud

https://www.sec.gov/litigation/litreleases/2016/lr23584.htm

https://www.sec.gov/litigation/complaints/2016/lr23584-c.pdf

According to the SEC, Longwei substantially overstated its storage capacity at its 3 depots and Troups in press releases published during the first 3 months of 2013. The SEC also said that Michael Troups misled Longwei warrant holders by using company money to purchase LPIH stock off the open market in his name to create false confidence in the company as a way of inducing the warrant holders to exercise warrants thereby injecting funds into the company.

Longwei was revoked earlier this year

https://www.sec.gov/Archives/edgar/data/1111817/999999999718005654/filename1.pdf


Tabatha IV Inc

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001111815

John Ballard served as the president of Tabatha IV Inc.

Tabatha IV Inc eventually did a name change to Humanity Capital Holding Corp but it never amounted to anything. It didn't even get a trading symbol.


Tabatha V Inc

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001111814

John Ballard served as the president of Tabatha V Inc.

Tabatha V Inc became Power Save Energy Corp in 2005 through a reverse merger

https://www.sec.gov/Archives/edgar/data/1111814/000128460605000047/tabv8k.htm

Power Save Energy Corp was a company controlled by stock promoter Michael Forster.

Forster immediately brought in his attorney friend Luke Zouvas to do an S-8 filing

Earlier this year Luke Zovas and another close associate of Michael Forster named Gannon Giguiere were Indicted along with some others. Michael Forster wasn't named in the Indictment because he was serving as a cooperating witness for the DOJ assisting them with gathering the info they needed to get the others

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142299745

A year later in 2006, Forster sold control of the Tabatha V Inc shell to a group in China.

In 2011, Tabatha V Inc was revoked by the SEC

https://www.sec.gov/Archives/edgar/data/1111814/999999999713011686/filename1.pdf