Simulated Environment Concepts Inc (SMEV)

[nodummy]

The SMEV story is very interesting.


On one side you have Allen Licht speaking for him and Ella Frenkel (the control people of the shell) saying that they have not been involved in any transactions involving the sale of the SMEV shell.

They have no idea who Brian Matthews is.

They are calling this whole hijacking attempt a scam and are extremely upset.

Allen told me that he spoke with somebody from the FBI and somebody from the SEC today. He also left a message with a contact I referred him to at FINRA and will be contacting OTC Markets tomorrow to complain about this Brian Matthews person making changes to the SMEV OTC Markets page.

As of this moment Ella Frenkel still owns 700,000 preferred shares and has voting control of the shell.


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On the other side you have this Brian Matthews person (real or imaginary) making an attempt at illegally hijacking the SMEV shell right in plain day light for all to see.

First he made a new entity by the same name as the Public shell and even used the old address of the company from 10 years ago to make it look like it belonged to the public Issuer.

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P180000714930&aggregateId=domp-p18000071493-fc051825-8a30-41d1-843e-238c02dc60c6&searchTerm=Simulated%20Environment%20Concepts&listNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P000000069652

Matthews claimed that he had to do it that way because the real entity was administratively dissolve but the fact is that it can be reinstated and by law it has to be reinstated and the back taxes have to be paid. All the shares of SMEV belong to that entity and are defined by the articles filed for that entity.

Brian Matthews claims on twitter and in an 8K filing that he has "acquired" control of the SMEV shell.



https://www.sec.gov/Archives/edgar/data/929061/000154812318000235/f8kcurrentreport71818.htm

The 8K filing also says that Ella Frenkel and Allen Licht submitted their resignations.

So Brian Matthews is claiming he has paperwork signed by Ella Frenkel and Allen Licht selling him the shell and announcing their resignations. (forged documents?)

Further complicating things - SMEV does not have a transfer agent.


Brian Matthews has also made a new twitter page and a new website to further the scheme

https://twitter.com/simenvirocon

http://www.enviro-gro.com/

Today, Brian Matthews removed the true officers of the SMEV shell from the OTC Markets page and added his name in their place

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

And it looks like he is doing a filing at the Florida SOS to have the real SMEV entity reinstated (I assume it is him since Allen Licht didn't tell me he was having it reinstated).

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P930000336193&aggregateId=domp-p93000033619-1cda5ec3-be98-4067-a45b-8149bbd67aa1&searchTerm=Simulated%20Environment%20Concepts&listNameOrder=SIMULATEDENVIRONMENTCONCEPTS%20P000000069652



It almost feels like a race between Licht getting the regulators to take action and Matthews trying to get as far as he can with his hijacking scheme before the hammer falls.



I've made suggestions to Allen Licht about putting out a press release and doing his own 8K and filings to expose the fraudulent hijacking attempt, but Licht has been hestitant to spend any money in his battle to save his shell and has opted to put his faith in the regulators to do their jobs.

I'd like to think it is Licht who did the reinstatement filing at the Florida SOS today, but since he didn't tell me he was going to be doing that, I'm guessing that it is Brian Matthews because Matthews is trying to tie up some of the loose ends that could lead to the downfall of his hijacking scheme.



For obvious reasons I thought early on that this was the Fake PR group running another stock manipulation scheme - mainly because

1) What brought me to SMEV was the twitter accounts I have linked to the Fake PR group tweeting about SMEV on Friday the 17th and Monday the 20th - I watch those accounts for alerts on dead ticker so I know which tickers to keep an eye on for future fake stuff

2) On the 21st after the close the fake new business entity for Simulated Environment Concepts Inc showed up at the Florida SOS (so timing was a factor)

3) The fake new Florida entity followed a pattern we've seen recently happen with TRSI and SWVI. All three Issuers had fake new entities created using the old address of the public shell from before it was abandoned. TRSI even had a fake website and fake twitter page.

4) SWVI and TRSI were fake and quickly died off when those scams were exposed.



Where things start to differ with SMEV is that instead of using the names of the old management as part of the fake scheme, SMEV came with a new CEO - Brian Matthews.

SMEV went way beyond just a new twitter page and a new website. SMEV did that 8K filing and now we have Matthews making changes to the OTC Markets page and possibly going back and trying to take over control of the real entity that belongs to the SMEV shell.


So if it wasn't the fake PR group this time then who?

This seems like a lot of effort and a lot of risk to just hijack a dead shell that has no real value especially since the old owners are aware of the scheme and being proactive with reporting it to the regulators.

One possibility is that it might be somebody that was involved in the shell a long time ago. That could help explain how they were able to get the 8K filed despite the lack of what any intelligent person would consider true evidence that the shell was legally acquired.

Maybe Claude Eldridge (a notorious hijacker and shell peddler in the past) has come back for a second round of hijacking the shell. Eldridge hijacked the shell in 2005 and was involved when the shell was last doing SEC filings so he could have been able to use those old codes to get back into the Edgar system again. No reason to convince anybody the shell was legally acquired if you have the old codes.

Eldridge has a history of using fake names in his schemes. The only thing is I haven't heard of Eldridge being active for a few years now.

Then you have all those toxic financiers and promoter types that were involved in the SMEV shell basically killing the shell and leading to it being abandoned in 2014. You can read about them in the following lawsuit

https://www.scribd.com/document/112739347/Watson

Maybe somebody from that lawsuit still owns enough SMEV stock that it's worth the effort and risk to resurrect the shell so they can sell those shares into the market?



Like I said this feels like a race between Licht getting the regulators to take action and Matthews trying to get as far as he can with his hijacking scheme before the hammer falls.

It sort of feels like Matthews is sprinting into the lead at the moment, but an SEC suspension can happen in an instant and then anybody holding SMEV stock if/when that happens will be screwed.