10,000,000,000 x .0001 = $1,000,000.
This is what Bermans sees.................He is running scam after scam, and when he thought he could get his dirty hands on a little govt money he jumped at it, recreating this BS company again.
If he can sell the certs he got printed, and this is one of many new symbols, its all in a days work for him. Its as good as fraudulently cashing convenient checks belonging to other people, and blatantly getting away with it.
Wherever the stock is trading at he can sell well below market, 50% plus is irrelevant to him, its all about the money he can rake in for himself. The downside threat of his buddies losing money is small because the MM has control, and he can stack the trades anyway he chooses, and it will always be to their advantage...............It was just months ago that several brokers to include Etrade, and GS got hit with fines totalling over $70m, Etrade got hit with about $36m of it for front running...............
Berman can use any back alley broker he chooses to do his dirty deeds, its all about the money, and no one would buy this toilet paper unless they knew this in advance. Berman is known to sell the certs of his ac-creditors, and this gives him the control of making sure they profit...............its beyond corruption.
When an ac-creditor tells me he never saw any shares due to Berman signing a letter of debt agreement indicates he did in fact sell shares to cover the debt. The reason why he landed in Bankruptcy Court was for these very reasons.
He took that money and supposedly used it to acquire that other company and the 68 or so mining claims, claims which had to be nothing more than a farce. The plot was to do another 504 with a limited number of shares, and do again what he did to shareholders in Russell...................
One or the other plan was to be hatched..................he either told the prior ac-creditors he could make them yet even more money, or he just blew them off keeping the money in the hope of raking in enough to pay off the debt of the 3 ac-creditors in this newly acquired "symbol" Aumc thru a new 504. I can't remember the exact amount, but I'm thinking it was $35k each...........The arrogance of this con really believed he "could" pull it off********again!!!!.........and do it in the face of Ihubbers...........
His reasoning for the 504 to the SEC was to get money he thought was owed to him for the purchase through the investing public, but declaring the company was solely his, just like he told shareholders of Russell, and both were his alone, he would do what he wanted to do, and the shareholders were not stakeholders, but were rather along for the ride, a one way ride, like he did to all past shareholders from past symbols, and reverse/splits.
His BS plan didn't pan out, and as opposed to coughing up the money to those he was indebted to, money he siphoned out(stole) from the retailers(Ihubbers) that he promised he would use toward operations, he settled by giving the 3 accreditors the company whose symbol was Aumc if I remember. What all developed from here is anyone's guess?, other than Joe C.( 1 of 3 accreditors) who was given the shell in settlement used it to form another pink-sheet company.
Bottom line is that pink-sheets, and I can add the entire OTC market is full of crooks just like him. Berman is the poster boy!!! who is totally morally bankrupt, a liar, cheat, con, is fair description. He doesn't have one red cent of his own money in this companies "symbol", it belongs to all the shareholders he has screwed............like all cons, he needs to face the reality of bars to get him back on his toes.
This is the market where CDS insurance was and is formed, a market thats utilized by the senior crooks, and frauds, and if it were anything else this kind of activitiy would definitely not be happening in the most shady of places hidden from public view..................not anymore!!!!!!!! its kind of hard to hide $440b dollars of debt insurance Aig acquired, when everyone is coming to collect on their bets. It unfathomable that this activity can exist at all??????.........its kind like having the ability to buy insurance against gamblers who are set up to lose.
