Home > Boards > US OTC > Medical - Healthcare > Simulated Environment Concepts Inc. (SMEV)

Did you take the time to look at

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
nodummy Member Profile
 
Followed By 1,403
Posts 7,869
Boards Moderated 3
Alias Born 02/26/10
160x600 placeholder
nodummy   Saturday, 08/25/18 12:08:35 AM
Re: KUMO TWIST post# 8524
Post # of 8653 
Did you take the time to look at those 5 entities and their filings to understand why there is 5 entities.

Before I map it all out for you first let me explain that if an entity used the name Simulated Environment Concepts Inc at any time in the past it will show up in your search even if it isn't using that name any more.





You also need to understand that this isn't the first time that the SMEV shell has been hijacked illegally.

Orignally the Issuer was named 5th Avenue Channel Corp

As you can see from its edgar page 5th Avenue Channel Corp was abandoned in 2001 and stopped doing its SEC filings

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000929061

The Florida entity that goes to the public shell is Entity #P93000033619

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P930000336193&aggregateId=domp-p93000033619-1cda5ec3-be98-4067-a45b-8149bbd67aa1&searchTerm=simulated%20concepts&listNameOrder=SIMULATEDENGINEERING%20P160000465980

As you can see it also stopped doing its filings in 2001 when the shell was originally abandoned. You get a big gap of 6 years with no filings.



In 2005 an individual named Claude Eldridge (who I am very familiar with through my years of scam research) came along and attempted to illegally hijacked the 5th Avenue Channel Corp shell by making a new entity by the same name in Florida (exactly like what this Brian Matthews did).

Claude's new fake 5th Avenue Channel Corp entity was entity #P05000073863 and used Jim Pugh as an officer.

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P050000738631&aggregateId=domp-p05000073863-560cd674-8a94-41c7-b4cb-edf9c5847689&searchTerm=simulated%20concepts&listNameOrder=SIMULATEDENGINEERING%20P160000465980



Ella Frenkel had a private company named Simulated Environment Concepts Inc that she was looking to take public in early 2007 (entity #P02000024017)

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P020000240170&aggregateId=domp-p02000024017-29e1bac7-d491-4186-97a3-99567948ad70&searchTerm=simulated%20concepts&listNameOrder=SIMULATEDENGINEERING%20P160000465980

Some how Frenkel was introduced to Claude Eldridge. Eldridge together with his partner John Jarvis were pretty big into shell peddling during this time.

Originally Frenkel was talked into merging her private Simulated Environment Concepts Inc entity (#P02000024017) into another public Issuer Claude Eldridge controlled named VoiceTel Systems Inc (VTCI).

Voicetel Systems Inc was Florida business entity #P00000006965

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P000000069652&aggregateId=domp-p00000006965-3c87351c-103b-4052-97ee-8301c2fd05b0&searchTerm=simulated%20concepts&listNameOrder=SIMULATEDENGINEERING%20P160000465980

On April 2, 2007 the private Florida business entity name Simulated Enviroment Concepts Inc (#P02000024017) was merged into the VoiceTel Systems Inc entity (#P00000006965) with Voicetel being the surviving entity and being renamed to Simulated Environment Concepts Inc

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2007%5C0409%5C50799255.Tif&documentNumber=P00000006965

There must have ended up being something wrong with the VCTI shell because entity #P00000006965 was merged out of Florida and into a Wyoming entity set up by Jim Pugh that was re-named to Simulated Environmental Concepts Inc on July 5, 2007

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2007%5C0716%5C05096093.Tif&documentNumber=P00000006965

Then that Wyoming entity was immediately dissolved

https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=085009187178209099225083073010110093239094198189




Since there was something wrong with the VCTI shell, it was determined by Fenkel and Eldridge that the 5th Avenue Channel Corp shell would be used to take Simulated Environment Concepts Inc public instead.

So on October 2, 2007 the fake 5th Avenue Channel Corp entity (#P05000073863) did a name change to Simulated Environment Concepts Inc

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2007%5C1004%5C00244286.Tif&documentNumber=P05000073863

On November 8, 2007, Ella Fenkel was added as the new president

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2007%5C1116%5C08433990.Tif&documentNumber=P05000073863

Ella Fenkel must have learned at this point (possibly when she tried to get a name change approved by FINRA) that Eldridge gave her a fake entity.

On December 2, 2007, Ella Fenkel removed herself and put Eldridge back as the president and changed the name of the fake entity back to 5th Avenue Channel Corp

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2007%5C1219%5C00289522.Tif&documentNumber=P05000073863

Even though the entity isn't named Simulated Environment Concepts Inc any more it still shows up in your search since it used the name for 1 short month in 2007.



Having learned that the proper entity for the publicly traded 5th Avenue Channel Corp shell was entity #P93000033619, Ella Fenkel reinstated that entity on November 29, 2007

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2008%5C0104%5C74310141.tif&documentNumber=P93000033619

Then changed the name of entity ##P93000033619 to Simulated Environment Concepts Inc and put herself as the president on December 3, 2007

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2007%5C1219%5C00289534.Tif&documentNumber=P93000033619



Entity #P93000033619 has always been and always will be the proper entity for the public shell.

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P930000336193&aggregateId=domp-p93000033619-1cda5ec3-be98-4067-a45b-8149bbd67aa1&searchTerm=simulated%20concepts&listNameOrder=SIMULATEDENGINEERING%20P160000465980

Nothing can change that outside of the entity being merged into another entity.



Which takes us to Brian Matthews.

Just like Claude Eldridge did in 2005, Brian Matthews created a new entity by the same name as the public Issuer on August 20, 2018 - entity #P18000071493

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P180000714930&aggregateId=domp-p18000071493-fc051825-8a30-41d1-843e-238c02dc60c6&searchTerm=simulated%20concepts&listNameOrder=SIMULATEDENGINEERING%20P160000465980


This is a perfect example of an illegal hijacking.

The only entity that belongs to the SMEV is entity #P93000033619

The entity can be reinstated. It just requires paying all the back taxes owed to the state of Florida which is a few thousand dollars at least.

That is why this screams scam.

If Brian Matthews had bought the shell from the original owners then he'd have paid all the back taxes owed and done the proper fiings with the Florida SOS to have the old officers removed and have himself added as the new manager of entity #P93000033619. The old officer would have no doubt wanted their bill with the state of Florida settled and their names removed if they had sold their shell.

But that didn't happen.



At the very least Brian Matthews is committing tax fraud by not paying the back taxes owed to the state of Florida by SMEV.

But all signs point towards Brian Matthews taking steps to try to steal the shell without actually buying it.

If Brian Matthews didn't actually acquire the SMEV shell from its legal owners, the list of wrongdoings start to grow.

If Brian Matthews didn't purchase the shell then him making a new entity by the same name would constitute a super clear case of corporate identity theft - stealing a public shell by using a fake entity by the same name.

And if Brian Matthews didn't actually buy the shell from its former owners then that means he would have had to have presented the Edgar Filing Agent and probably also the Transfer Agent with fraudulent documents showing that he did acquire the shell. So now we are talking about forged documents - an Indictable offense.

Compile that with a fraudulent document filed through a government website and you have another example of fraud.

Then you consider the fact that this was all done to manipulate a public security and you can add stock manipulation to the list of crimes.

















Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist