AT is scum, BUT He Hijacks dead companies legally and is Awarded Custodianship in Court. He then sells them for a profit.. Nothing Illegal in that. 2017 economy is Booming for Private businesses. Some companies choose to shorten the time it takes and for their own reasons go the route of OTC Mergers into Shells. Then up list..
AT for all the scum that he is. Knows how to properly find good shells to Hijack and knows the right people to sell them too.
That pretty simple.
The Black Shopping Channel is Massive and I'm sure all their legal ducks are in order. This Merger is going to be Massive!!!
LOLOLOL!! That is BEYOND hilarious! So instead of Morgan Stanley practically begging to take them public at $70 a share, they decided to go with an Adam Tracy custodianship shell?
The reason that the Black Shopping Channel Inc is using an Adam Tracy shell is because Carolyn Shiver (president of The Black Shopping Channel Inc) is friends with Christopher Davies.
As you can see from Carolyn Shiver's LinkenIn Page she is the President of The Black Shopping Channel Inc
As you can see by this lawsuit filed against Adam Tracy and Christopher Davies by Harvey Romanek (the person that bought the GOFF shell), Christopher Davies is a silent partner in the Adam Tracy shell hijacking/flipping scheme
The GOFF CEO sued Adam Tracy and Christopher Davies (the two people he paid to gain control of the GOFF shell) because they told him it was a clean shell when GOFF is far from clean. It is the subject of a Criminal Complaint.
Because of the dirty past of GOFF, Harvey Romanek couldn't get FINRA to approve any corporate actions for the ticker leaving him in control of a useless/worthless shell.
Christopher Davies was an attorney that facilitated a bunch of dilution scams back from 2010 - 2012 that I used to track.
Christopher Davies used ATHI for his own personal ATM machine converting debt into discounted free trading stock for years while going through several puppet CEOs (Carolyn Shiver, Jack Corn, Ian Stewart, Elaine Johnson/Claire Singleton) and changing business operations several times to support his share selling scheme.
Carolyn Shiver was the last CEO used by Christopher Davies in 2016 following the most recent reverse split for the ticker. First a big control block was issued to Shiver to raise the O/S then a big chunk of super discounted stock was issued to Christopher Davies to dump during some paid promotion activity.
The paid promotion activity and ridiculous press releases put out by ATHI finally got the attention of the regulators and ATHI was suspended on July 26, 2016 while the market awareness was still going on
The Commission temporarily suspended trading in the securities of ATHI because of recent, unusual and unexplained market activity in the company’s stock taking place during a suspicious promotional campaign, and because of concerns about the accuracy of publicly available information, including but not limited to company press releases issued in June and July 2016.
Carolyn Shiver was the long time CEO/president of The National Indoor Football League which was allegedly being merged into the very toxic ATHI shell. During June and July 2016, Shiver put out a series of press releases touting The National Indoor Football League as some kind of multi-billion business expecting hundreds of millions in revenues (the following are just a few examples).
But it seems pretty likely that Cleveland Gary had some kind of presence in 2016 when Carol Shiver said she was relaunching the league so it could be used for the Christopher Davies ATHI share selling scam especially when you consider that they were also partners together in Healthway Shopping Network Inc at that time.
It looks like Healthway Shopping Network Inc attempted to go public starting back in 2010 but has still yet to complete the going public process. Healthway Shopping Network INc was suppose to be some kind of shopping network for heath products, but that business never made any revenues - it ended up being yet another Cleveland Gary/Carol Shiver failed venture.
The Black Television Channel has a history of using the same misleading/scammy rhetoric in their press releases that The National Indoor Football League was using. I mean just reading these links throws up plenty of red flags.
The Black Shopping Channel Inc looks like an ultra failed venture that turned into some kind of cross between a bogus share selling scam and pyramid/Ponzi scam.
That last link about going public is interesting. I see that BSC did do a Form D filing in 2013 to sell some stock to the public. In that Form D filing, The Black Shopping Channel Inc lists its revenues at between $1,000,000 and $5,000,000 in 2013
Yet when they put out press releases in 2014, while they were probably selling that Form D stock, they touted themselves as a being a $750m company that would be airing nationally on Dish Network, Time Warner, Direct TV, and Comcast
But not one single one of those cable TV providers ever announced that they were adding The Black Shopping Channel to their national TV listings. To date The Black Shopping Channel still doesn't air nationally on any of those major cable providers which is probably why there has been no follow up news from the BSC since 2014.
The most recent Black Shopping Channel youtube videos only talk about their online website business (hosting stuff on their website - virtual stores)
Obviously the TV Channel Venture failed and they have moved on to a new plan.
Besides the GOFF lawsuit, Adam Tracy has plenty of other problems including an SEC investigation and two more legal proceedings filed against him because of shells he hijacked then sold
Why somebody with as many problems as Adam Tracy would want to get involved with somebody like Christopher Davies I really don't understand.
But back to your original question..... make no mistake, RMGX is almost just as dirty as GOFF. Just look at a list of some of the players involved in RMGX in the past (Michael Spizzi, Rocco Di Fruscia, Roger Boileau, Jean-Francois Amyot, Louis J. Torres, Gilles Monette, Dominic Chiovetti, Daniele Brazzi, and Donald R Kee) and some of the other tickers RMGX was linked to (GWBU, LCOL, PGYC).
Like GOFF, I'll be surprised if FINRA approves any corporate actions for RMGX.
It is easy to see why The Black Shopping Channel would be merging into a super dirty shell like RMGX. The Christopher Davies/Carolyn Shiver connection combined with all the scamminess surrounding The Black Shopping Channel business operations explains that well. But it doesn't end there. Cleveland Gary doesn't seem entirely clean/honest either:
Cleveland Gary has been arrested on insurance fraud charges for allegedly submitting $18,000 in phony bills for medical treatments that never took place after a traffic accident in the Tampa area last year.
State Division of Insurance Fraud agents charged Gary, 35, of Palm City, and his girlfriend, Marilyn Walker, with one count each of filing a false insurance claim and a single count of grand theft. Both are felonies, punishable by a total of up to 20 years in prison.
I hope people are able to look at RMGX just as a trade and not start getting caught up thinking of RMGX as some kind of long term investment because of all the bogus hype. Besides RMGX being a shell with a dirty past, all Adam Tracy shells come with toxic convertible debt that Tracy puts on the books because of fees associated with the court process to gain control of the shell and fees to take care of the Nevada SOS filings. That debt leads to future dilution during pump&dump activity.
The RMGX shell came with $33,250 worth of convertible debt that Adam Tracy created which will become 332,500,000 free trading shares of stock at $.0001/share