REAC Group Inc. (REAC)

[Clermont]

I found more about John M Fife

Hedge fund owner John M. Fife bought UCHC at $0.06/pps !

Amended Statement of Ownership (SC 13G/A)
http://ih.advfn.com/p.php?pid=nmona&article=51077397
** Based on 753,405,163 shares of the Issuer’s common stock which would be outstanding after a full conversion by Tonaquint of its two Secured Convertible Promissory Notes into an aggregate of 45,998,290 shares of the Issuer’s common stock. On October 31, 2011, 707,406,873 shares of the Issuer’s common stock were outstanding, as disclosed by the Issuer in its Quarterly Report on Form 10-Q filed on November 14, 2011.

"On September 5, 2011, reporting person Tonaquint, Inc. (“ Tonaquint ”) and the Issuer entered into a Note Purchase Agreement (the “ Note Purchase Agreement ”). Pursuant to the Note Purchase Agreement, Tonaquint purchased from the Issuer two Secured Convertible Promissory Notes (the “ Convertible Notes ”) in the aggregate principal amount of $2,531,000. Certain terms of the Note Purchase Agreement and the Convertible Notes are further described in Item 4 of the statement on Schedule 13G filed on December 16, 2011, by Tonaquint and its affiliates with respect to their beneficial ownership of the Issuer’s common stock.


As of December 31, 2011, the aggregate balance under the Convertible Notes was $1,931,928.19. The conversion price for the Convertible Notes is 70% of the lowest intra-day trading or closing price for the Issuer’s common stock during the 30 days immediately preceding the conversion date. The lowest intra-day trading or closing price for the Issuer’s common stock during the 30 days immediately preceding December 31, 2011, was $0.06 per share. Thus, on December 31, 2011, the Convertible Notes were convertible into 45,998,290 shares of the Issuer’s common stock."

Who is Tonaquint, INC. president(owner) John M. Fife :
http://investing.businessweek.com/research/stocks/people/person.asp?personId=7505107&ticker=UAHC:US

Mr. John M. Fife has been the Chairman of United American Healthcare Corp.(united american healthcare
(UAHC:OTC US) since October 19, 2010 and its Chief Executive Officer and President since November 5, 2010. Mr. Fife served as the President of Chicago Venture Partners, L.P., since 1998. Mr. Fife also served as the President and Chief Executive Officer of ISP Holdings, Inc. He has founded and successfully managed several small businesses. Prior to this, Mr. Fife was an Assistant Vice President of Continental Illinois Venture Corporation and played a key role in the identification, evaluation, and monitoring of control investments in four portfolio companies. Previously, Mr. Fife was a Consultant at Oracle Corporation for three years. Since 2004 he has been the Chairman of Pulse Systems, LLC and of Typenex Medical, LLC. He has been Director of United American Healthcare Corp. since October 1, 2010. He serves on the Boards of Directors of six technology companies and one retail concern. Mr. Fife has served on the Boards of each of the four CIVC portfolio companies. Mr. Fife holds an M.B.A. from the Harvard Graduate School of Business and a dual undergraduate degree in Statistics and Computer Science from Brigham Young University.
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John M. Fife is connected to 8 board members in 3 different organizations across 5 different industries.

His Corporate Headquarters*
303 East Wacker Drive
Chicago, Illinois 60601

United States

Phone: [phone]
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This guy is a very smart business man and US stock hedge fund "operator", "Manipulator", "Runner", "Scammer", "Frauder"......

If Uni Core Holding Company did not associate with John M. Fife to have a fraud, criminal, SCAM , we would see UCHC stock pps running up back $0.06/pps plus.....because I believe his 46 million shares cost him over $2 million dollars (bought at $0.06/pps)....and he will not like his stock "drop to water" and become worthless..............But if only "SCAM" & "FRAUD" exist in UCHC that we would see pps continue to drop down to new lower( Holding company keep selling shares to exchange your $$$$$$$$$$$$$$$ to have it's "Capital fund".............never take care of shareholders (no dividend)

And this



U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 19972 / January 19, 2007

SEC v. John M. Fife and Clarion Management, LLC, No. 07-C-0347 (N.D. Ill.) (Kennelly, J).

SEC Charges Chicago Hedge Fund Manager, John M. Fife, and Clarion Management, LLC With Fraud

On January 18, 2007, the Securities and Exchange Commission (Commission) filed a complaint in the United States District Court for the Northern District of Illinois against John M. Fife (Fife) and Clarion Management, LLC (Clarion Management). The complaint alleges that in 2002 and 2003, Fife and Clarion Management engaged in a fraudulent scheme to purchase variable annuity contracts issued by the Lincoln National Life Insurance Company (Lincoln) for Clarion Capital, LP (Clarion Capital) in order to engage in market timing. Clarion Capital was a Chicago hedge fund formed to market time international mutual funds available through variable annuities. According to the complaint, at all relevant times, Fife controlled Clarion Capital and carried out the scheme through Clarion Management, the hedge fund's general partner and unregistered investment adviser. Fife, age 46, is a resident of Chicago, Illinois.

The complaint alleges that Fife and Clarion Management used deceptive tactics to purchase contracts and engage in market timing for the benefit of Clarion Capital. These tactics included using trusts and limited liability companies as nominee contract owners and beneficiaries to conceal Clarion Capital's financial interest in the variable annuity contracts. After the purchase of each contract, Fife and Clarion Management engaged in market timing until their activity was detected and restricted by Lincoln. The complaint also alleges that when Lincoln imposed certain trading restrictions, Fife and Clarion Management caused the trusts to surrender the contracts, and then used deceptive means to disguise the purchase of more variable annuity contracts, including using previously unused trusts and limited liability companies. Through this deception, the complaint alleges that Fife and Clarion Management made hundreds of thousands of dollars in profits for themselves at the expense of the other shareholders in the mutual funds.

The complaint alleges that Fife and Clarion Management violated Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The complaint also alleges that Fife violated Section 20(a) of the Exchange Act in his capacity as the control person of Clarion Management. The relief that the Commission is seeking includes disgorgement of Fife and Clarion Management's ill-gotten gains, plus prejudgment interest, and a civil penalty against Fife.