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integral

10/16/15 12:22 PM

#97424 RE: shajandr #97410

This does not necessarily appear to be a solicitation, but a disclosure on how they intend to screw all the shareholders. Basically, they intend on selling the debt to someone who wants the shell for other reasons. PEMCO and the CEO looking to take the patent and assets and put it in another shell without the rest of the debt.

Basically a reorg. without going through court. It is well written disclosure. And if by chance stupid shareholders throw good money after bad, well, it is a subtle (we hope someone gives us their money).

What is funny is the auditor refused to review the 10Q for Q3. There must be a strain in the relationship. The auditor can push the cost of the Q3 review onto the bill for the 10K before releasing the Audit Report.

This tells me the auditor does not have faith in the issuer.

integral

10/16/15 12:40 PM

#97425 RE: shajandr #97410

Did you notice they issued $600,000 of consulting shares on May 28, vested on June 4. The shares were for IR.

The address on the contract, well, there are a few corporations run out of that house.

http://www.bizapedia.com/addresses/2158-SUMMIT-WAY-PALM-HARBOR-FL-34684.html

The home appears to be owned by Mary Ryan from Brooklyn:

https://www.facebook.com/profile.php?id=100004722041170&sk=about

But the companies are run by Terrance and Sara D Taylor. I found this Sara D. Taylor from Palm Harbor, who is also from Long Island.

https://www.facebook.com/profile.php?id=100004722041170&sk=about

Terrence, cannot find much on him yet. But one of the companies with that Palm Harbor address also shares an address in Manhattan.

Looks like a pump crew. Sad that Sara, the real estate agents is getting dragged into this mess.

In the contract they vested on a date that puts this as $600,000 in income to her LLC.