Friday, October 16, 2020 1:57:39 AM
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Then after they understand how these scammers like Mark Miller and Jason Black operate.
They need to take a good hard look at what is going on with MEDH.
MEDH claimed to be making a bunch of revenues from their operations and also claimed to have a surplus of cash on the books, yet instead of paying off the debt Notes Miller gave his his close buddy Saeid Jaberian (from the BLLB foiled hijacking scam) and his close buddy, Gary Kouletas (PAG Group LLC), he let them convert tiny amounts of debt into tens of millions of shares of free trading stock.
Kouletas (who was also named in the LEAS filings) got 21,000,000 free trading shares back in 2018 to pay off $6,300 worth of fake back dated debt ($.0003/share). At $.01/share, those 21,000,000 shares would have made $210,000.
Jaberian (who was also named in the LEAS filings) got 11,300,000 free trading shares in 2019 for a mere $2,660 in debt ($.0002/share). At $.01/share, those 11,300,000 shares would have made $113,000.
Kouletas still had $25,167 worth of debt, which may have been one of the main sources of the 50,000,000+ shares of dilution over the past several weeks.
Then there is Miller's other buddy, Richard Kilchesky (Northwoods Elite LLC) that had $19,220 in debt owed to him entering 2020. The debt is convertible at $.001/share. That's 19,220,000 shares which at $.01/share could pull in $192,220.
But the old debts are only half of the scam going on with MEDH.
In the recent OTC disclosure, Miller claims that he sold control of the MEDH shell to his long-time buddy Jason Black back in December 2019 and that Miller resigned from officer and director positions at that time.
But MEDH never did a press release naming Jason Black as the new control person. Still, whether the change of control was backdated or actually happened when they claimed it did, the result is just as ugly.
Jason Black didn't pay a penny for control of the MEDH shell. Mark Miller was issued a $70,000 debt Note:
That Note (which has already accumulated $5,434 in interest) matures on December 21, 2020, then it converts into MEDH stock at $.001/share. Miller will get at least 75,434,000 shares, which he'll get to dump into the market. So in other words, investors bought the shell for Jason Black.
That is an insider enrichment scheme.
If Miller sells those 75,434,000 shares at $.01/share, he'll make $754,340.
Black gets the MEDH shell for nothing. Miller gets $754,340 paid for by the investors that buy the stock during what is sure to be some kind of pump & dump at the end of the year.
As far as all that cash goes that was on the MEDH balance sheet when control was sold.
Mark Miller stripped that away too, the same time he spun out his MJ Builders of MN, LLC entity. The same MJ Builders of MN, LLC that Miller used to pay for the old BLLB fake press release and to hold bogus debt in LEAS.
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And speaking of LEAS and changes of control being used to create debt Notes for insider enrichment schemes.
LEAS did the exact same thing.
When Mark Miller, Lance Quartieri, and Dennie Bolbat hijacked the LEAS shell back in April 2019, Bolbat was installed as the CEO.
https://www.scribd.com/document/457798353/What-the-Heck-is-Going-on-With-LEAS-and-BBDA
On 2/06/2020, Bolbat sold control to their new puppet CEO, Jason Tucker. And exactly like the Mark Miller ----> Jason Black transaction in MEDH, Tucker didn't pay a penny for the LEAS shell.
Bolbat got a $50,000 Note, which he'll be able to turn into 500,000,000 shares down the road to sell into the market, making investors pay for the change of control.
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In the meantime, instead of Jaberian, Kouletas, and Kilchesky being used to convert debt into free trading stock at a fraction of the market price, Miller got a $4,594 Note in LEAS, which converts into 459,400,000 shares, making Miller $1,000,000+ during the past few months. When all the selling is over, Miller could walk away with around $1.4 million from a $4,594 debt.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158933388
LEAS went through 3 ugly pump & dump charts so far during the share selling scheme.
One day, maybe we'll get to read about all of this stuff in an SEC Complaint, or better yet a Criminal Indictment.
For now, I'm pretty damn sure that the next MEDH disclosure statements (if they file them) will prove to be a big disappointment for anybody that sticks around that long.
And knowing Jason Black and this crew, eventually MEDH will get sucked dry, like what happened with CNNA, IGEX, KYNC, and what is happening to LEAS.
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