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It would make sense...

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Stock_Barber Member Level  Thursday, 08/20/20 10:55:33 AM
Re: sirglenn post# 1612
Post # of 1637 
It would make sense...

I wonder what ever become of his lawsuit against Astrom over this shell?

Here is a good history posted 4 years ago:
Quote:
A little history on the EV Charging USA Scam

EV Charging USA Inc (EVUS) - acquired by Richard Astrom and his son, Christopher Astrom in 2001 when it was known as Genesis Capital Corp of Nevada (GNCP/GCNV) for $315,000 from Genesis Capital Corp, Hudson Consulting Group (Allen Wolfson and Richard Surber), and Global Universal Inc (Ronald Welborn).

In 2000, Allen Wolfson had been named a Defendant as part of the FBI's Mob on Wallstreet busts then in 2002 he was named in separate litigation by the SEC for the manipulation of Freedom Surf Inc stock. Early on right after Astrom acquired the shell, Genesis Capital Corp did an acquisition agreement with another Astrom linked ticker, National Residential Properties (NRES) for some Real Estate properties that were later dropped. Shell broker and purported securities lawyer, Laura Antony became involved in the ticker as early as September 1, 2005.

Christopher Astrom was originally used as the controlled shareholder but in 2010 he dropped out of the picture and Richard Astrom became the controlling shareholder. Laura Anthony was used for more attorney services in 2009 - 2010.

Genesis Capital Corp (GCNV) was later renamed Milwaukee Iron Arena Football Inc (MWKI) but that merger agreement was unwound. Prior to becoming MWKI, Genesis also did a failed asset purchase agreement with did an asset purchase agreement with Macada Holding Inc (MCDA) in October 2009. That asset purchase agreement was cancelled in January 2010 and instead Astrom did the same asset purchase agreement with another one of his shells - STRP/MSPC in April 2010. That same year key MCDA insiders including Anthony Mellone were Indicted as part of a wide spared FBI kickback sting that they participated in from 2008 - 2009.

In August 2014, MWKI did a merger agreement with EV Charging USA Inc. As part of the merger agreement 700,000,000 shares were issued in exchange for $25,000 received from Richard Astrom. The $25,000 was in turn used as an initial payment back to Richard Astrom towards the $400,000 due to him for the purchase of the shell by EV Charging USA Inc.

The 700,000,000 shares were split up among 4 different entities controlled by Richard Astrom, his wife, Pamela Astrom, and a couple of nominees. An S-1 was filed with the help of Barry Miller to make those 700,000,000 shares free trading. After the S-1 was made effective the price fell from $.20/share to well below $.01/share. Brian Howe of EV Charging USA Inc would later sue Richard Astrom alleging fraud, breach of contract, and unfair enrichment among other things.

Despite Brian Howe's name showing up as the signatory on several SEC filings including the S-1 registration statement, Howe seems to suggest in the law suit that it was Astrom that caused EVUS to file the registration statement and that the transfer of ownership of the Series D preferred shares to the four entities by Richard Astrom was done without his knowledge or approval. Basically, to me, it sounds like Howe knew next to nothing about public securities and was taken advantage of my Richard Astrom. After the value of his company was diluted down significantly, Howe realized what a bad deal he made with Astrom and then sued him. As of the end of 2015, EV Charging USA Inc had not made any further payments towards the $375,000 debt Note owed to Astrom for the sale of the shell.

EVUS hasn't filed its last two required 10Q statements and the company failed to make its last annual report filing with the state of Nevada SOS. It appears that Brian Howe has abandoned the ticker. Richard Astrom and his nominees still own at least 690,000,000 more free trading common shares so it will be interesting to see what happens with the lawsuit and what if anything happens with the ticker in the future.



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