DD Support Board and Research Team

[nodummy]

CLCI - sham IPO turned insider enrichment scheme


A couple of interesting lawsuits were filed against CLCI in November of 2018 which offer good examples of how the S-1 registered seed shareholder stock in SHAM IPOs like Fundthatcompany get moved out of the nominee seed shareholder names into other entities for future pump&dump action.

Sunny Isles Capital LLC and One Investment Capital Inc both sued CLCI (formerly FundthatCompany) because they had each purchased 7,525,000 of the S-1 registered seed shareholder stock (that's a total of 15,050,000 of the 30,100,000 post-forward split shares that were registered when Fundthatcompany went public in 2016)

https://www.scribd.com/document/396424088/sunny-isles-capital-llc-vs-CLCI

https://www.scribd.com/document/396424058/oneinvestmentcapitalincvsCLCI

Sunny Isles is a Florida entity controlled by Charles Vaccaro.

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SUNNYISLESCAPITAL%20L170002168351&aggregateId=flal-l17000216835-a4d96a9b-543e-4885-a5cc-f5b27d671c2b&searchTerm=sunny%20isles%20capital&listNameOrder=SUNNYISLESCAPITAL%20L170002168351

One Investment Capital Inc is controlled by Eli Taieb (aka Elinor Taieb)

OTC prohibited attorney Matteau J W Stout represented both Sunny Isles Capital LLC and One Investment Capital Inc in their lawsuits vs CLCI.

Both Sunny Isles (Vaccaro) and One Investment Capital (Taieb) were having trouble getting their stock deposited in their brokerage accounts so by filing the lawsuits they were simply seeking approval from the court for them to use the 3(a)10 exemption as part of a pre-approved settlement agreement between Sunny Isles/One Investment and CLCI:

https://www.scribd.com/document/396424373/Sunny-Isles-Capital-LLC-CLCI-3-a-10-settlement-agreement

https://www.scribd.com/document/396424354/One-Investment-Capital-Inc-CLCI-3-a-10-settlement-agreement

According to Vaccaro and Taieb, even though the stock came with no restrictive legend and a legal opinion from attorney Jonathan Leinwand, when they tried to deposit the shares into their various brokerage accounts, the Brokers wouldn't accept the deposits without a federal court order.

The 3(a)10 exemption would give the Brokers the "federal court order" needed to accept the stock.



Some background on CLCI

CLCI started out as FundthatCompany which was set up as a Nevada entity on 9/4/15 using a nominee CEO from Thailand named Chayut Ardwichai as its control person on paper.

https://www.sec.gov/Archives/edgar/data/1658304/000147793215007492/fund_ex31.htm

FundThatCompany was a shell company with nothing but a forward looking business plan to be like a kick starter company that would help raise funds for clients through a rewards-based on-line crowdfunding platform. FundThatCompany filed an S-1 to go public on December 4, 2015. The S-1 also registered up to 5,000,000 shares.

The attorney and auditor used by FundThatCompany for the sham IPO were Andrew J Befumo and PLS CPAs.

The business address used by FundThatCompany was 555/114 Moo 9, Sattahip District, Chonburi, 20180, Kingdom of Thailand

Through the S-1 registration statement, FundThatCompany would end up selling 172,000 shares to a group of 30 nominee Thai seed shareholders at $.03/share raising a measly $5,250. I say nominee Thai seed shareholders because the Thai seed shareholders would end up holding the stock in name only. In reality, the stock would be kept in control of FundThatCompany so that it could be transferred to new owners later with the assistance of the FundThatCompany transfer agent and legal counsel.

FundThatCompany was given the trading symbol FNTT

Right after going public FundThatCompany would end up doing a 175:1 forward split which increased the holdings of those 30 nominee seed shareholders from 172,000 free trading shares to 30,100,000 free trading shares. The forward split lowered the cost of the S-1 registered stock from $.03/share to just $.00017/share.

Control of the FNTT shell was sold to Yosef Biton (aka Yossi Biton) of Miami, Florida for $323,000.

Biton kept most of his control shares in his name (55,000,000 shares) and the name of a Florida business entity he owned called Clic Technology Inc (43,750,000 shares)

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=CRYPTOVENTURESCAPITAL%20P180000242120&aggregateId=domp-p18000024212-bc2abd5a-a596-4992-88d3-cbc0b53f5bfd&searchTerm=crypto%20ventures&listNameOrder=CRYPTOVENTURES%20P170000862670

The rest of the control stock (55,000,000 shares) went into the name of a Florida business entity controlled by Zipora Urieli called Novelties Distribution, LLC

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=NOVELTIESDISTRIBUTION%20L170000993020&aggregateId=flal-l17000099302-27d8bcbf-6aa3-421b-8473-2bf060eb471c&searchTerm=Novelties%20Distribution%2C%20LLC&listNameOrder=NOVELTIESDISTRIBUTION%20L170000993020

Yosef Biton renamed the shell to CLIC Technology Inc (CLCI).

The big question at this point was who really controlled the FundThatCompany shell in the background using Thai nominees to hide their identities.



Mirror Shells

FundThatCompany (FNTT) was one of 10 mirror shells that were all taken public using sham IPOs, bogus forward looking business plans, nominee foreign CEOs, nominee foreign seed shareholders, attorney Andrew J Befumo, and PLS CPAs.

The others were:

- Online Secretary Inc (OSCY) which now trades as SharkReach Inc (SHRK)
- My Cloudz Inc (MYYZ) which now trades as Gridiron Bionutrients Inc (GMVP)
- First Fixtures Inc (FRRX) which now trades as Applied Biosciences Corp (APPB)
- Sharing Services Inc (SHRV)
- Savmobi Technology Inc (SVMB)
- MessageBGone Inc (MSSB)
- Kokos Group Inc (KOKG) which now trades as China WuYi Mountain, Ltd (WUYI)
- T-Bamm (BAMM) which now trades as China VTV LTD (CVTV)
- OS Support Inc (which never made it public)


All of those shells were set up as mirrored sham IPOs.

OSCY used a nominee CEO from India named Vijay Joshi
MYYZ used a nominee CEO from Laos named Sommay Vongsa
FRRX used a nominee CEO from South Africa named Colin Povall
SHRV used a nominee CEO from Thailand named Natthapong Thipjaroey
SVMB used a nominee CEO from India named Lakhwinder Singh Sidhu
MSSB used a nominee CEO from Thailand named Arraya Wilaiphan
KOKG used a nominee CEO from the Philippines named Jeoffrey Baterina
BAMM used a nominee CEO from Germany named Harald Stobbe
OS Support Inc used a nominee CEO from India named Paramjit Mann

All of those shells used attorney Andrew J Befumo for their sham IPOs
All of those shells used PLS CPAs as the auditor for their sham IPOs with the exception of BAMM which used Sadler, Gibb & Associates, LLC.

BAMM is definitely part of the same shell factory though because FNTT/CLCI mistakenly put BAMM's business plan in their 2016 SEC filings:



It is very possible that FNTT, OSCY, MYYX, FRRX, SHRV, SVMB, MSSB, KOKG, BAMM, and OS Support Inc all had the same secret control people in the background when they were taken public as sham IPOs.

Maybe even Charles Vaccaro and Eli Taieb ended up with big chunks of S-1 registered free trading stock in some of those shells as well.



The CLCI stock purchase agreements

On May 4, 2018, Charles Vaccaro (Sunny Isles) bought a bunch of the free trading S-1 registered seed shareholder stock (7,525,000 shares) held by 5 of the Thai nominees with attorney Jonathan Leinwand overseeing the transaction.

https://www.scribd.com/document/396424124/Sunny-Isles-CLCI-stock-acquisition

- 656,250 shares from Prachak Intanam for $872.09
- 2,187,500 shares from Venture 2 Funding Inc (a NV entity controlled by Nikhorn Saetae) for $2,906.98
- 3,500,000 shares from West Investing Inc (a NV entity controlled by Suda Tehpchit) for $4,651.16
- 525,000 shares from Meena Baotaes for $697.67
- 656,250 shares from Aphisit Chinduang for $872.09

https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=0WDIuIOVSX1pq9yCTYLVhA%253d%253d&nt7=0

File Date: 11/17/2016
President - SUDA THEPCHIT
Address 1: 417/2 MOO 3 Address 2:
City: WANGKRAJAE MUANG TRAD State:
Zip Code: 23000 Country: THA

https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=%252f0QjPrzqIqTkT5ALlLz6aw%253d%253d&nt7=0

File Date: 11/17/2016
President - NIKHOM SAETAE
Address 1: 155/12 MOO 10 Address 2:
City: NONGPRUE BANGLAMUNG CHONB State:
Zip Code: 20150 Country: THA


All total, Charles Vaccaro paid just $10,000 for his 7,525,000 free trading shares of CLCI stock. That's a cost of $.0013/share.


On May 13, 2018 Eli Taieb (One Investment Capital Inc) also bought 7,525,000 of the free trading S-1 registered stock held in name only by 8 of the Thai nominee seed shareholders with Jonathan Leinwand overseeing the transaction

https://www.scribd.com/document/396424153/one-investment-capital-CLCI-stock-acquistion

- 700,000 shares from Pattarapon Ounaumroung for $930.23
- 525,000 shares from Pomthip Kongsalem for $697.67
- 700,000 shares from Sarayut Kongtrong for $930.23
- 525,000 shares from Vacharapon Leudung for $697.67
- 525,000 shares from Wijittra Liengvachiranon for $697.67
- 525,000 shares from Jidlada Nakchoo for $697.67
- 525,000 shares from Amavasi Maneesom for $697.67
- 3,500,000 shares from Lunar Funding Inc (a NV entity controlled by Thanyalak Thongda) for $4,651.16

https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=bztsihmosAqo51BRav1s8A%253d%253d&nt7=0

File Date: 11/8/2016
President - THANYALAK THONGDA
Address 1: 9 MOO 9 Address 2:
City: PARKCHONG, LOMSAK, PETCHA State:
Zip Code: 67110 Country: THA


All total, Eli Taieb paid just $10,000 for his 7,525,000 free trading shares of CLCI stock. That's a cost of $.0013/share.



The POTN connections

Charles Vaccaro is the main guy running/profiting off of the long stream of POTN stock promotions. Vaccaro owns all the debt that has been getting turned into large chunks of free trading stock at $.003/share since the fall of 2017.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138041101

Eli Taieb is another POTN insider with a very large holding (over 5% of the common stock and a big chunk of Series A preferred stock)

https://www.sec.gov/Archives/edgar/data/1746563/000147793218003494/potn_1012g.htm



Jonathan Leinwand who oversaw the Vaccaro/Taieb CLCI stock purchase deals and provided both parties with legal opinions for their stock is the POTN attorney

Zipora Urieli (one of the CLCI control people) is yet another POTN insider with a large share ownership in POTN (see the above image).

Zipora Urieli and Eli Taieb go way way back. Zipora Urieli (John Doe Investments Inc) and Eli Taieb (One Venture Capital Inc) can both be found as very large shareholders CelPads Inc.

https://www.sec.gov/Archives/edgar/data/1512813/000149315211000044/celpads-1.htm

CelPads Inc used POTN insider Gary Blum as its CEO and attempted to go public in 2011 but failed to get its S-1 made effective.

Like Eli Taieb, Yosef Biton has ties to Israel.

It sort of makes you wonder if any other POTN insiders ended up with the other 15,100,000 S-1 registered free trading CLCI shares for $.0013/share but we don't know about it because they didn't need to file any lawsuits to get the 3(a)10 exemption for their Brokers to accept the stock.



Future CLCI stock promotions?

The court approved the settlement agreements for both Sunny Isles Capital LLC and One Investment Capital Inc on 12/4/18 allowing both Vaccaro and Taieb to use the 3(a)10 exemption for their 7,525,000 CLCI shares solving their issues with getting the stock deposited into their various brokerage accounts for the sale of the shares into the market.

https://www.scribd.com/document/396424473/Sunny-Isles-Capital-LLC-3-a-10-settlement-order-vs-CLCI

https://www.scribd.com/document/396424459/One-Investment-Capital-Inc-3-a-10-settlement-order-vs-CLCI

Together Vaccaro and Taieb own 15,050,000 of the 30,100,000 CLCI free trading shares giving them 50% of the float and around 11.5% of the CLCI O/S.

Those 15,050,000 shares cost Vaccaro and Taieb just $10,000 each ($.0013/share).

At the current CLCI share price of $.40/share, those 15,050,000 shares carry a market value of $6,020,000.

$3,000,000 from a $10,000 investment is a pretty good return and pretty clearly defines CLCI as an insider enrichment scheme since Vaccaro and Taieb are associated with the CLCI control people through POTN.

With Vaccaro and Taieb being in line to make a lot of money off of their 15,050,000 free trading shares of stock it is very possible that CLCI could see some future paid promotion activity especially since we know how much Vaccaro has been using paid promotions to help with the selling of his super cheap free trading POTN stock over the past year and a half.