I looked over my notes and found this by one of the best researchers I’ve ever seen. It most likely was posted here, I’m not positive, but It details the highlights of one of Paul L. Strickland’s scams.
July 2020 (no day / date disclosed) -- Paul Strickland transferred his controlling 20 million SPRV preferred Series A shares to John Kellas/Top Knot, Inc. The details of the transfer and Change of Control were never publicly disclosed. Kellas was the individual responsible for preparing, then posting 12 quarters worth of delinquent SPRV financial reports to OTC Markets on August 18, 2020.
Per the Q3 quarterly financial report, which was prepared by "Advisor" Paul Strickland, the 20 million SPRV preferred Series A shares were transferred from John Kellas/Top Knot, Inc to Endicott Holdings on 10/19/2020. There were no Expenses noted on the Operating Statement, related any monies due Paul Strickland. Again, Strickland prepared the financial report.
November 20, 2020 -- John Kellas/Top Knot, Inc. purchased the debt SPRV owed to Paul Strickland, based on the July 2018 Management Agreement. Here are the monies due Strickland, per the invoice Strickland forwarded to Kellas.
Date: November 19, 2020
Selkirk (Paul Strickland) Management Fee Cash -- $508,000.00
Signing Bonus Shares -- $154,464.27
Commencement of Service Fee -- $80,000.00
Early Termination Fee -- $50,000
Total Due -- $792,464.00
The above invoice's purchase price to Kellas was "10% of the amount in exchange for the debt in cash to paid to assignor by wire transfer over time."
Kellas bought the nearly $800,000 debt for roughly $80,000.
December 9, 2020 -- John Kellas/Top Knot, Inc filed a lawsuit in the Polk County, Florida Civil Circuit to collect all the SPRV debt he had purchased. The amount of debt, which doesn't seem to have ever appeared on the SPRV Balance Sheet, was roughly $1.5 million.
January 7, 2021 -- Everyone's not-hero, John Murphy, the CEO of SPRV (and HLLK) did not try to negotiate a Settlement and agreed to pay ALL of the delinquent debt payment IN FULL! As a result of Murphy's passive agreement, which is NOT CLOSE TO NORMAL in these sorts of situations, John Kellas is currently receiving the equivalent of $1.5 X 2 or $3,000,000 in multiple tranches of SPRV stock!
THE SPRV SHAREHOLDER ARE BEING BLUDGEONED WITH DILUTION AND MURPHY OBVIOUSLY DOESN'T GIVE A CARE!
THE CURRENT ITERATION OF SPRV IS JUST ONE MORE PINKYLAND SHAM AND EVERYONE'S NOT-HERO JOHN MURPHY HAS BEEN ABOARD STARTING ON DAY 1!
BTW, Paul Strickland continues to prepare the SPRV quarterly reports, but there are no preparation costs being posted to the financial statement! Can't wait to find out how "Advisor" Paul Strickland is being compensated! Does Strickland have a new Management Agreement?
Bearish
