Coastal Capital Acquisition Corp (CCAJ)

[toughasnails]

CCAJ - So Robert Weidenbaum (of Co2 Tech infamy) gave Jeff Berkowitz all of his preferred shares in 2006 replacing Otto Bethlen with Jeff Berkowitz as his new CCAJ puppet?


http://www.justice.gov/criminal/vns/caseup/weidenbaumr.html

http://www.sec.gov/litigation/complaints/2011/comp21862.pdf


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I see that Robert Weidenbaum's name shows up as being pledged a bunch of shares towards debt back in 2005

http://www.sec.gov/Archives/edgar/data/1091406/000109140605000005/bridgeloaneightk.htm

Promissory Note between EZ2 Companies.com, Inc. and Robert Weidenbaum dated January 25, 2005

$250,000 January 25, 2005

Miami, Florida

FOR VALUE RECEIVED, EZ2 COMPANIES.COM, INC., a Florida corporation (“Borrower”), hereby covenants and promises to pay to the order of ROBERT WEIDENBAUM (the “Holder”), Two Hundred Fifty Thousand Dollars ($250,000), together with interest at the rate of six (6) percent per annum, in lawful money of the United States of America, payable on April 1, 2005 (the “Due Date”). All principal, interest and other costs hereunder shall be due and payable to the Holder of this Promissory Note (the “Note”).


Pledge Agreement among EZ2 Companies.com, Inc., Otto Bethlen and Robert Weidenbaum dated January 25, 2005.

PLEDGE AGREEMENT, dated January 25, 2005, by and between EZ2 COMPANIES.COM., INC., a Florida corporation (the “Pledgor”) and OTTO BETHLEN, a resident of the State of Florida (“Co-Pledgor”), and ROBERT WEIDENBAUM, a resident of the State of Florida, (the “Pledgee”).

WHEREAS, the Pledgor and Co-Pledgor are the owners of 47,357,350 shares, par value $.001 per share (the “Shares”), of the common stock of EZ2 Companies.com., Inc., a Nevada corporation (“EZTO”);

WHEREAS, as evidenced by a Promissory Note of even date herewith, Pledgor has borrowed the sum of Two Hundred Fifty Thousand Dollars ($250,000) from Pledge (the “Note”);

WHEREAS, to induce the Pledgee to make a loan to Pledgor and to serve the repayment of the Note, Pledgor and Co-Pledgor have agreed to pledge the shares in favor of Pledgee, pursuant to the terms and conditions of this Agreement


http://finance.boston.com/boston/news/read/204420/ez2companies.com

EZ2Companies.com, Inc. (EZ2 Companies) (Pink Sheets:EZTO) announced today that the company's debt, currently held by Robert Weidenbaum, will be purchased by the company's original founder and former CEO, Otto Bethlen. On or before September 25th 2006, Mr. Weidenbaum will not hold any interest or debt in the company.

"Mr. Bethlen and I have been working in possible solutions to restructure the company and make significant and positive changes," said current CEO Jeff Berkowitz, who took over the position after Otto Bethlen's resignation. "Next issues that will be addressed will be the possibility of share cancellations and the settlement of debt with Cornell Capital," he added.


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It is amazing how that $250,000 debt Note got passed around then eventually used.

That would really be something if the information in this post is true

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82733362

And after that Note was recently used to be converted into illegally made free trading stock thanks to legal opinion letters signed by Aaron D. McGeary that were executed by Pacific Stock Transfer, one of the people helping to promote CCAJ through a website they control was Robert Weidenbaum.

Talk about full circle.


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And according to the last 10Q from 2006, 10,000 preferred shares were in fact issued towards that Weidenbaum bridge loan in 2005.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=4087579

If the 10,000 preferred shares got passed from Weidenbaum to Otto to Berkowitz what happened to them between 2006 and 2012? I thought there were no preferred shares outstanding when Tony and Jeff made their deal.

Were they converted into common shares?

The shares of Series B preferred stock shall convert into the number of shares of the common stock at the rate of twenty-five thousand (25,000) shares of common stock for each share of Series B.

10,000 X 25,000 = 250,000,000 common shares



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Anyways, CCAJ turned into quite the interesting little drama. At this point I will just be waiting to see how things turn out for everybody involved.