Same CEO - Michael J Black Same TA - Pacific Stock Transfer Same legal counsels** - William Haseltine and Fred Baumann
** note that SAFSD and HNSS both changed legal counsel from Haseltine to Baumann this year. Fred Bauman was legal counsel for some past tickers during their Stock Tips promotion (PGFY which got suspended by the SEC). Both William Haseltine and Fred Baumann have a long history of being involved in very dirty penny stocks.
The similarities do not end there between SAFS and HNSS
Yesterday I explained how SAFS did a reverse split to wipe out all of their old share holders then issued 1,010,000,000 shares to their CEO so that they could issued 100,000,000 free trading shares to Acquest Capital Group Inc (Melville Hicks Jr) in exchange for $10,000 in debt keeping Acquest's holdings to 9.9% of the O/S to avoid restrictions on the selling of those shares. All followed by a 1000:1 forward split to give Acquest Capital Group Inc 100,000,000,000 free trading shares at a cost of just $10,000 ($.0000001/share)
Well HNSS is yet another insider enrichment scam being run by Michael J Black and Acquest Capital Group Inc like SAFS.
Since 2013 when HNSS started disclosing information, HNSS has made the following debt conversions to Acquest Capital Group Inc:
800,000,000 free trading shares for $8,000 worth of debt in 2013
Followed by a 1:1500 reverse split on July 31, 2013.
1,000,000,000 free trading shares for $10,000 worth of debt in 2014
1,100,000,000 free trading shares for $11,000 worth of debt during the first quarter of 2015
Followed by a 1:200 reverse split on May 20, 2015.
The 1:200 reverse split on May 20, 2015 took the share count back down to 615,007,428 shares outstanding most of which are now restricted as they are held by the CEO and other affiliates.
It is nearly a guarantee, however, that Michael J Black and Acquest Capital Group Inc will once again collaborate on another round of insider enrichment. We should expect the next filings to disclose Michael J Black upping his share holders so that he can issue another HUGE chunk of free trading stock to Acquest Capital Group Inc at $.0001/share to be dumped into the market for huge profits.
I guess the only real question is will HNSS also do a forward split and a paid promo like SAFS to increase Acquest's profits and how much money is Acquest kicking back to its CEO Michael J Black for his part in helping them with their wash rinse repeat enrichment scam?
Oh but wait there is another Michael J Black/Acquest Capital Group Inc ticker - InternetArray Inc (INAR)
INAR was another debt/dilution insider enrichment scam run just like HNSS and SAFS and also saw two big reverse splits to allow the scheme to continue.
INAR did reverse splits in 2009 and 2011 followed by debt conversions and huge amounts of dumping. The last big pump/dump by INAR was in early 2014. It has been parked on no bid since then apparently unable to do another reverse split to repeat the insider enrichment scam once again.
INAR also used William Haseltine as legal counsel to help facilitate the scheme.
I wonder how many times FINRA will let Michael J Black and Acquest Capital Group Inc keep reverse splitting HNSS and SAFS so that they can continue their insider enrichment scams on those two tickers.
I also wonder when HNSS, SAFS, and INAR can no longer be used any more if Michael J Black and Acquest Capital Group Inc will pop up together again with a new ticker in the future.
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