This is definitely a Shayne Heffernan ticker. And lots of funny business going on here too with Laura Anthony in the middle of it.
Heffernan's name shows up in the filings starting in 2013 right after the shell was reinstated at the Nevada SOS.
Tocca Life Holdings Inc used to be known as T-Bay Holdings Inc. T-Bay Holdings Inc closed down shop in 2011 shutting down its two operating subsidiaries - Amber Link and Sunplus.
Because of it discounting the operations of Amber Link and Sunplus the company reported a $1,309,000 loss on its balance sheet in its last 10K from 2011
T-Bay Holdings Inc stopped doing its SEC filings after that 10K and stopped filing its annual reports with the Nevada SOS after that. It's business license with the Nevada SOS became revoked.
Then in February 2013 somebody came in and reinstated the entity at the Nevada SOS.
Suddenly new management was in place and Shayne Heffernan was listed as the advisor to the company. How Heffernan gained control of the abandoned shell I'm not sure. I didn't see any custodianship filing for the entity in the Clark County Court records.
Heffernan wasted no time in putting together a scheme to use T-Bay Holdings as his own personal insider enrichment vehicle for himself and his friends/family.
He had a Form 15 filed to have the ticker go dark and stop reporting to the SEC.
He did a couple of reverse splits on the ticker to clean up the share structure and wipe all the old share holders out.
He did a name/symbol change to Tocca Life Holdings Inc (TLIF) to help cover his tracks from the possible hijacking.
Some how Heffernan took the $1,309,000 loss from discontinued operations from the last 10K filing in 2011 and turned it into a debt Note which allegedly first got assigned to some entity named Global Pacific Strategies Ltd but later got reassigned to Floating Feather Entertainment Inc then later got reassigned again to Shayne Heffernan's entity, Knightsbridge Law Co Ltd.
Knightbridge Law Co Ltd also got $545,000 in debt reassigned to it from Heffernan Capital Management Co Ltd because of money owed to Heffernan Capital Management Co Ltd presumable for consulting/advisory services provided to the ticker.
Portions of that $1,854,000 in debt owned by Shayne Heffernan through Knightsbridge Law Co Ltd was reassigned to the following people:
$52,000 to Dunloaghaire Capital Inc (Peder K Davvison - the TLIF attorney) $52,000 to International Monetary (Blaine Riley III the TLIF IR person) $52,000 to Emma Heffernan (Shayne's wife I presume) $52,000 to Robert Duncan $19,500 to Steven Sherlip $6,500 to Anthony J Fabrizo Jr $26,000 to Ian Harris $52,000 to Patrick Murphy
This group of 8 people then sued TLIF in Broward County, Fl on March 12, 2015 to have their debt turned into free trading stock
The attorney representing that group of 8 people was Stuart Reed The attorney representing TLIF was Laura Anthony
Now I don't know how familiar you are with Laura Anthony and Stuart Reed, but Stuart Reed has been working for Laura Anthony for years and years and years. Here is a letter head from Legal & Compliance from March 19, 2015 (7 days after that lawsuit was filed showing that Stuart Reed works for Laura Anthony at Legal & Compliance)
And you can see on the Legal&Compliance website that Stuart Reed is an attorney at the firm
So essentially you have the same law firm representing both the Defendant and the Plaintiff in that law suit. There is something extremely unethical about that. Pretty shady stuff.
Here are some links to some of the documents from that case:
In the end the two sides settled, as would be expected considering the circumstances. The settlement agreement (link 4 above) called for the following free trading stock to be issued:
8,000,000 free trading shares to Emma Heffernan 8,000,000 free trading shares to Blaine Riley III 8,000,000 free trading shares to Peder K Davvison 7,000,000 free trading shares to Robert Duncan 3,250,000 free trading shares to Steven M Sherlip 1,000,000 free trading shares to Anthony J Fabrizo Jr 3,986,550 free trading shares to Ian Harris 7,000,000 free trading shares to Patrick M Murphy 2,013,450 free trading shares to Legal & Compliance (Laura Anthony) for her work representing both sides in the law suit
That's 48,000,000 free trading shares of stock issued for $312,000 worth of debt.
Those 48,000,000 free trading shares represent basically the entire float. Thanks to the reverse splits the float was only 113,989 shares before these 48,000,000 shares entered the float.
All of the rest of the $1,854,000 in debt that Heffernan controlled was forgiven except for $150,000 which Knightbridge Law Co Ltd (Shayne Heffernan) retained.
At the time of this settlement, TLIF was trading at $1.40/share (thanks to the most recent reverse split from January 2015)
A good chunk of the shares hit the market in October of 2015 with a little bit more after, but most of those shares have yet to be dumped into the market.
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