China Food and Beverage Co (CHIF)

[samsamsamiam]

And they squeezed the A/S down to 20 million which gives zero room for any acquisitions using shares given they have no money to acquire anything with.
Is that the plan? Pump some acquisition to drive the pps up with such a low float?

Will this simply be a repeat of what happened previously in this very same company by the very same person 20 years ago and the SEC put a stop to it?

Deja vu

CHIF james tilton - SEC litigation 2001

boy this guy has balls!! Replaying the crypto theme this time in the same company!!!!!

https://www.sec.gov/litigation/admin/34-44440.htm


UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 44440 / June 18, 2001

ADMINISTRATIVE PROCEEDING
File No. 3-10512

In the Matter of
CHINA FOOD AND BEVERAGE CO.
and
JAMES TILTON

Respondents
:
:
:
:
:
:
:
:
:
:


ORDER INSTITUTING CEASE-
AND-DESIST PROCEEDINGS
PURSUANT TO SECTION 21C
OF THE SECURITIES EXCHANGE
ACT OF 1934, MAKING FINDINGS
AND IMPOSING A CEASE-AND-
DESIST ORDER
I.

The Securities and Exchange Commission ("Commission") deems it appropriate to institute public cease-and-desist proceedings against China Food and Beverage Co. ("China Food") and James Tilton ("Tilton") pursuant to Section 21C of the Securities Exchange Act of 1934 ("Exchange Act").

In anticipation of these proceedings, Respondents China Food and Tilton submitted an Offer of Settlement, which the Securities and Exchange Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission or in which the Commission is a party, the Respondents consent to the entry of the findings and imposition of the cease-and desist order ("Order") set forth below, without admitting or denying the findings of this Order, except that they admit the jurisdiction of the Commission over each of them and over the subject matter of these proceedings.

II.

On the basis of this Order and the Offers submitted by China Food and Tilton, the Commission finds that:

A. China Food, located in New York, New York, was incorporated in Nevada in 1981. At all times relevant, China Food's common stock was quoted on the OTC Bulletin Board (a service of The NASDAQ Stock Market, Inc.). On November 19, 1997, China Food filed a registration statement with the Commission and is required to file periodic reports on Forms 10-Q and 10-K. During 1999, the company purportedly owned a brewery in China's Anhui province.

B. James Tilton, age 39 and a resident of Whitestone, New York, was president, a director, and chief executive officer of China Food during all times relevant to these proceedings.

C. In February 1999, China Food hired Anthony DiMarco ("DiMarco"), also known as Bruce Gorcyca, and his company, The Globus Group, Inc. of Miami, Florida to promote the company.

D. DiMarco prepared press releases for China Food. On May 10, 1999, China Food and Tilton issued the first press release prepared by DiMarco stating that China Food's board of directors had voted to pursue a $4 million acquisition of television advertising time. This press release was false and misleading because China Food and Tilton had not obtained even basic information about who was selling the television advertising time or upon which television stations the time was available.

E. On May 17, 1999, China Food and Tilton issued a second press release prepared by DiMarco stating that China Food had received a $60 million financing offer from an east coast investment banking firm. This press release was also false and misleading because the financing offer was from DiMarco's company, The Globus Group, which was not an investment banking firm and did not have the assets available to make such a loan.

F. China Food and Tilton were reckless in issuing the two DiMarco press releases because they took no action to confirm the accuracy of these press releases before issuing them to the public.

G. Section 10(b) of the Exchange Act and Rule 10b-5 prohibit persons from, directly or indirectly, in connection with the purchase or sale of securities by use of any means or instrumentality of interstate commerce or of the mails, employing any device, scheme or artifice to defraud; making any untrue statement of a material fact or omitting to state material facts necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or engaging in any act, practice, or course of business which operates or would operate as a fraud or deceit upon the sellers and purchasers of securities. China Food and Tilton violated Section 10(b) of the Exchange Act and Rule 10b-5 by issuing these two press releases with false and misleading statements about its acquisition of assets, and loan arrangements.
III.

In view of the foregoing, the Commission finds that it is appropriate to accept the Offers of Settlement submitted by China Food and Tilton.

Accordingly, IT IS ORDERED pursuant to Section 21C of the Exchange Act that:

China Food and Tilton cease and desist from committing or causing any violations or any future violations of Section 10(b) of the Exchange Act and Rule 10b-5.

By the Commission.

Jonathan G. Katz
Secretary

http://www.sec.gov/litigation/admin/34-44440.htm





========

CHIF ANNOUNCES ENTRY INTO CRYPTOCURRENCY, BLOCKCHAIN AND DIGITAL ASSET ARENA
Press Release | 02/22/2021
China Food and Beverage Company (OTC: CHIF), today announced that the Company will be entering the cryptocurrency, blockchain and digital asset technology arena. The management of CHIF believes that with the recent success of Bitcoin https://www.bitcoin.com and the impending IPO of Coinbase https://www.coinbase.com ,

the time is now for CHIF to make its entrance into this booming industry. The Company feels it has the expertise, industry contacts, affiliations and investing banking relationships to participate in one of the globes most dynamic and exciting sectors.



James Tilton, president of CHIF stated, With Bitcoin now at all time highs of over $50,000. and the upcoming IPO of Coinbase being projected in the range of $300. per share, we believe that this move will benefit all CHIF shareholders.



CHIFs vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.



For further information please contact CHIF at [e-mail]



This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of China Food and Beverage Company to accomplish its stated plan of business. China Food and Beverage Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by China Food and Beverage Company or any other person.



Contact

China Food and Beverage Company

[e-mail]

———-

CHIF James Tilton

I am the CEO of CHIF and I would like to clarify that this is our official Twitter account for CHIF. Any questions about this statement can be resolved and answered by emailing me at [e-mail]
Thank you.
CEO James Tilton

— CHIFTech (@chif_tech) February 27, 2021

https://mobile.twitter.com/chif_tech