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Re: Highland post# 11177

Tuesday, 06/26/2012 9:33:44 AM

Tuesday, June 26, 2012 9:33:44 AM

Post# of 13368
I was talking about Tony Ianne, not pizza, but great idea, dlc7509. Let's review the Papa Bello Pizzas in Walmart issue, which keeps being credited to Jim Price's account. Except there's that pesky Annual Report for 2011, signed and certified by Jim Wheeler as "true and correct." http://www.otcmarkets.com/financialReportViewer?symbol=PAPA&id=76733

"The Issuer, through its Subsidiary, currently operates and franchises quick-casual restaurants with limited service offering pizza, pasta, subs, beverages and other menu items on a dine-in and take-out basis known as "PAPA BELLO® restaurants." At present, all PAPA BELLO® restaurants are located in Wal-Mart® Supercenter stores.
There are a total of sixteen PAPA BELLO® restaurants in operation at the present time. Seven PAPA BELLO® restaurants are operated by the Subsidiary and nine PAPA BELLO® restaurants are operated by franchisees of the Subsidiary."
BTW, only 15, not 16, are listed.

I called them all - see my post #9973 - not one exists nor have any for at least a year and most for 2-4 years. So, why does Jim Wheeler certify in March of this year that "The Issuer, through its Subsidiary, currently operates and franchises quick-casual restaurants with limited service offering pizza, pasta, subs, beverages and other menu items on a dine-in and take-out basis known as "PAPA BELLO® restaurants."

I believe that anyone who has lost money in this should consider filing a complaint with the SEC. At the very least, one would think that such a blatantly false financial statement would be grounds for investigation.

On the other hand, I have also learned at some personal cost that the government agencies that are supposed to protect us simply don't. GLTA


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