Home > Boards > US OTC > Brokerages/Investment Banks > Corporate Universe Inc. (COUV)

Isaac Sutton is a huge red flag

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (5) | Next 10 | Previous | Next
nodummy Member Profile
 
Followed By 1,432
Posts 8,199
Boards Moderated 6
Alias Born 02/26/10
160x600 placeholder
nodummy   Saturday, 10/10/20 12:50:31 PM
Re: Johahn post# 9594
Post # of 10538 
Isaac Sutton is a huge red flag

Sutton has filed for bankruptcy three times - 2003, 2005, and 2015

While Sutton was CEO of StarInvest Group Inc (STIV) in the 2000s it did 3 reverse splits in 3 years (2003, 2004, and 2005) and the Issuer was named in SEC litigation in 2008
https://www.sec.gov/litigation/admin/2008/33-8964.pdf

Sutton was indicted in 2006 for a kickback scheme involving GOIG
https://www.scribd.com/document/479487227/12312849696
He came back and revived GOIG in early 2018, leading to a lot of pump & dump action, but the ultimate result was new dilution, new lows, and a reverse split.

From 2010 - 2012, Sutton ran SaveWatt USA Inc (SAVW) as a horrible debt/dilution scam together with Frank Kristan. From January 1, 2011 to August 22, 2011 alone 1.6 billion shares were diluted into the market using debt owned by Kristan (the CEO before Sutton)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=67652444
Another 4.5 billion shares were added over the next year shooting the O/S past 6 billion followed by a reverse split in July 2012.
That reset the issuer for a new round of dilution, but the SEC put a stop to the scam before it could. The SEC suspended the stock on September 17, 2012.
https://www.sec.gov/litigation/suspensions/2012/34-67868.pdf
Kristan went on to run dilution scams on WNTR with Phil Sands (known for KYNC and others)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=109535963
Kristan and Phil Sands also joined forced on an entity named Unitiv Inc and used it to rip off Notify Inc. Notify Inc sued them for fraud and ripped them apart in court. Unitiv Inc also lost a default judgment to Exagrid Systems Inc


As far as COUV goes. Any time a stock gets revived after years of inactivity it stands to reason the price is low relative to the share structure because of the years of inactivity. In other words, COUV was an obvious candidate for some nice pump & dump type action because of the revival and speculation that comes with it.

COUV filed an interesting 1-U filing
https://www.otcmarkets.com/filing/html?id=14300190&guid=FGn6U60an2YJath

It shows that COUV was sued by a toxic lender named Equity Markets Advisory (Stephen Apolant). The lawsuit was dropped coinciding with Isaac Sutton taking over as the CEO. According to the exhibits, the settlement agreement included the debts remaining in tact.



Equity Markets Advisory/Stephen Apolant has been involved in a few other stocks, including JUNP long time ago, LVGI and BRZG several years ago, and more recently renewed their involvement in MDEX and ICNB.
ICNB and Apolant also did a joint deal with CANB recently.
https://www.sec.gov/Archives/edgar/data/1509957/000149315220005643/ex10-13.htm

Apolant also had a run in with the SEC in 2006 for securities violations
https://www.farrellfritz.com/wp-content/uploads/art-236.pdf

I dug up the lawsuit (available in the link below):
https://www.scribd.com/document/479492447/093111137013

From my understanding, COUV went bankrupt back in 2008, and as a result of the Issuer owing Equity Markets Advisory money, Equity Markets Advisory Inc essentially gained control of the Issuer.

Some deal was put together in 2011 that would have involved 854,000,000 shares being issued, resulting in Christopher Panzeca taking over as the CEO.

That deal never closed and the 854,000,000 were canceled, but Panzeca failed in his duties to keep the Issuer current with its filings and Equity Markets Advisory was unable to get the legend removed on stock they owned because of it.

Apparently, after discussions with attorney Matheau J W Stout, Equity Markets Advisory/Stephen Apolant concluded that the best move to recover the damages they have suffered was to take COUV to court and force the Issuer to become active again.

As a result, Panzeca brought in Isaac Sutton, reinstated the entity, and the lawsuit was dropped.

Considering Isaac Sutton’s horrible history running dilution scams on stocks, COUV investors need to be cautious about Sutton having an arrangement with Equity Markets Advisory/Stephen Apolant to pay off any debts they feel they are owed with free trading stock.






Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (5) | 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
Consent Preferences