InvestorsHub Logo
Followers 40
Posts 1920
Boards Moderated 0
Alias Born 11/08/2011

Re: twofortea post# 8697

Wednesday, 02/12/2014 8:22:05 AM

Wednesday, February 12, 2014 8:22:05 AM

Post# of 75186
I would not be surprised if Thomas Cloud was involved. For those not familiar with the cast of characters, Thomas Cloud is the son of John Thomas "JT" Cloud who passed away not too long ago. JT was one of the main leaders in penny stock scams who set up dozens of companies as sort of his own personal ATM for "loans" - he would often put minions into the CEO position to give the appearance of being a real/legitimate company. Several examples of his legacy continue today in companies like NTRR, RBCC, OBJE, OMVS, DOMK, BLFR, HORI, ASCC, QUAN, FTTN, GTSO. Along with his fellow miscreants Kathleen Delaney, Jack & Darrel Uselton, Robert Hines, Maurice Stone, Eddie Austin Jr., John Shearer, Robert Federowicz, and others, he would sometimes use his own son, Thomas, to put into a position to effectively raid the company assets - primarily through convertible debts and preferred shares. Those scam operations are alive and kicking, even today.

Eventually, the SEC caught on and suspended a few of his ventures (EVSO - see Robert Hines, EHSI, GSLO, ONYX, GFCI, and others), including the one run by his son Thomas at Gulf Ethanol Corp (GAEC/GFET).

Regarding OWOO, it is unclear if Thomas is involved, but clearly, OWOO has many of JT's players (Robert Hines (OWOO independent Director), Maurice & Stepanie Stone, John Shearer, Carolyn Austin (wife of Eddie Austin)) that have been in the mix from the start. Whether the new kids on the block (Melton, Trent, et.al.) were unknowningly duped by this clan, or are complicit in the plan is yet to be determined.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent TONR News