You must be talking about Alan Rothman.
Is Rothman the one with the offshore account in Nyon, Switzerland?
Yes I include him as one of the "insiders" in my post that could possibly be involved in this extraordinary effort being conducted by the company to try to keep the share price at $.0002 instead of $.0001 for as long as possible to support the share dumping.
I understand that Rothman may have received 3.5 billion shares in recent weeks as payment for "past employment Services"
I understand that he may have been receiving super discounted share as well since stepping down as an officer of the company
The limited filings available give us clear picture of how SNRS conducts business to enrich its insiders
In December 2010, we issued a total of 425,000,000 shares of our common stock to one non-affiliate in exchange for $15,000. The issuances were exempt from registration pursuant to Regulation D and Rule 504 of the Securities Act of 1933, and each of the investors was either accredited or sophisticated and familiar with our operations.
That's around $.000035/share. If the unnamed person getting these super discounted shares sells them at $.0001 they will make $42,500. At $.0002/share they make $95,000.
The filings also say this:
During the year ended December 31, 2010, the Company issued 3,325,000,000 shares for $160,000 cash to third parties.
That's an average cost of $.000048/share
If those 3,325,000,000 shares are sold into the market at $.0001 they will fetch $332,500 cash at $.0002/share they will fetch $665,000.
The filings also say this:
The Company had a convertible loan payable of $30,000 which was non-interest bearing and due on demand. The note was convertible into free trading shares of common stock of the Company at a conversion rate of $0.00005. As of January 26, 2010, the note holder demanded settlement of the note. The Company resolved to issue shares to the note holder at the rate of $0.00005 per share as settlement of the debt. The shares have not been issued as of December 31, 2010 and have been recorded as shares to be issued in the accompanying consolidated financial statements.
So to cover that $30,000 convertible debt note at $.00005/share it would require 1,500,000,000 shares.
The filings shows where SNRS has issued billions of shares in the past in exchange for services.
In August 2009, we issued a total of 2,000,000,000 shares of our common stock to one non-affiliate in exchange for services rendered.
The year end financials showed that they accumulated $915,850 in unpaid expenses for 2010.
At the super discounted rate of $.00005/share or less which they often use when issuing shares for services or shares to investors it would require 18,317,000,000 shares to cover those $915,850 in accumulated unpaid expenses. I would be willing to bet most of those unpaid expenses are owed to past officers of the company.
The filings also say
Chalay gets paid $10,000/month for consulting which can be paid in discounted shares. This consulting payment arrangement started in January of 2011.
$10,000 paid in shares at $.00005/share comes to 200,000,000 shares per month.
And here is the scary part. The last disclosure statement the company filed was only through the period ending December 31, 2010. We have no idea how many more super discounted shares have been issued to insiders to dump over the past 5 months, but based on the company raising the authorized share count 4 times in 2011 to issue 14,000,000,000 more shares there is little doubt that the numbers will dwarf the alarming share issuing being done during the last part of 2010.
What other companies has Rothman been involved with?
