InvestorsHub Logo
Followers 192
Posts 16511
Boards Moderated 10
Alias Born 01/29/2018

Re: Fdc4 post# 49795

Thursday, 02/15/2024 6:11:34 PM

Thursday, February 15, 2024 6:11:34 PM

Post# of 75455
I'll paraphrase your questions: "Can you prove that the scammers that have run scam after scam on this ticker aren't telling the truth?"
So... here's the deal... here's what the scammers said was happening...:

On November 30, 2023, the Company completed a reverse merger with JFH Digital E-Commerce Corp. As a result of the reverse merger, a rescission agreement was entered into with Consolidated, Global, and Tahoe. The subsidiary Houdini Group was dissolved. As a result of the merger, there were no shares of Preferred outstanding at Closing, and the shares of Series A were issued to the incoming company along with shares of common stock. All officers and directors resigned, and below is a list of the new incoming management team:



The specific company they say that merged is JFH Digital E-Commerce Corp., and if you google that company, what you'll see is a bunch of hits to social media pumping this ticker, nothing more. Imagine a multi-billion dollar enterprise over in China not having google hits.... but that's what scammers do, put up something for the pumpers to run with, similar to something else, so the pumpers can "connect dots" and run with it. Here they even tossed the names of Chinese people on the state records, something that is easy for them to do and doesn't mean jack.

In addition to that mention in the financial statement, an additional 1.6B shares were added to the OS, no accounting for those shares until the annual report is issued in 6 more weeks, 8 if they extend.

Now, let's just add in the logical leap you have to make in order to believe this fairy tale. The shareholders of this shell, the ones that own the 4B shares issued and outstanding, own it. The folks who invested in the development and growth of the Chinese company purportedly worth billions own it, 100% collectively. If they do this BS reverse merger into the shell owned by the shareholders of the 4B shares, guess what, they've turned over the ownership of their thriving, multi-billion dollar company to those shareholders. That's what the scammers and the pumpers want the newbs to believe is happening, just buy stock here and you'll be gifted ownership share of a thriving company. That would be a very stupid thing for any legitimate business to do, especially one that hasn't said they have any desire to do so. A multi-billion dollar company isn't going to "go public" by inhabiting a scammy stinky pink shell.

Here's from "The China Hustle" wiki, a documentary on the scams run on exchanges over a decade ago, now moved to the OTC.

After the financial crisis of 2007–2008, as investment firms in the United States look for ways to improve clients' investment performance while earning money for themselves, they chance upon the idea of selling opportunities to unsuspecting Americans who want to get rich by participating in the "China growth story" but do not know much about the country or its companies.[5] They do so by getting small nondescript Chinese companies (like Orient Paper and Advanced Battery Technologies (ABAT)) to do reverse mergers with defunct American companies (like Buffalo Mining) and thus get listed in the NYSE overnight.[6] The hype that accompanies this is aided by paid guest appearances by the likes of Bill Clinton and Henry Kissinger at so called "investment conferences" organized by B level investment firms (Roth Capital is one such firm featured in the documentary), thus adding a garb of respectability and reliability.[7] The stocks of these companies see spikes, investment firms goad their investors into buying them, siphoning off brokerages on the way. When the prices of these stocks crash to their real value, unsuspecting savers are left holding large amounts of worthless stock in their 401(k)s.[8]



So, again with the paraphrase "can you prove the lying scarmmers aren't telling the truth....?" Don't really have to.

I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.