Simulated Environment Concepts Inc (SMEV)

[waydown]

Question for the Board? SMEV Stock Scam?

I sent this to the SEC, but maybe someone here can provide a logical explanation.

SMEV.PK reverse merged with 5th Channel Corp a dormant shell trading under FAVE.PK, changed it's name, ticker symbol, and CUSIP #, and reverse split 100/1.

Per FAVE.PK's last 10Q filed on July 5th 2001 with the SEC, there were 28,761,935 shares outstanding:

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=1584734

CUSIP # 316700103

How then does Ella Frenkel claim that there over 8 Billion shares in the first place that needed to reverse split to the 85 million that she, her Transfer Agent, and this IHUB board moderator state is the current outstanding?

Those 8 Billion shares were never registered, that means they have to be considered counterfeit. So was it Ella, or the previous shell mgt that needs their ass locked up?

At the minimum, imho Ella and her securities lawyer must be accountable for mismanaging the stock transfer, and liable for any loss stock holders have suffered.

Moving on to another conundrum.....

Where the flock have all the assets from 5th Channel dissapeared too? They were in business for years, they bought several companies, and had Intellectual Property that I consider valuable. The value of those assets were locked up in the CUSIP # 316700103 shares. Those shares were terminated, so those assets need to be assigned with SMEV.PK, or did they just disappear into thin air?

If there are any true longs here, I suggest you start digging around, something seems totally corrupt here. We may have a similar penny scam as being discussed over on the BHUB board:

http://investorshub.advfn.com/boards/board.asp?board_id=4902

If we get no valid response, my suggestion is that you file a complaint with the SEC:

http://www.sec.gov/complaint/cf942sec9570.htm