Replies to post #136123 on DD Support Board and Research Team

[janice shell]

I agree. It looks as if he's just planning a pumpadump involving both of his companies. Really. Pot and blockchain are getting kind of old.

[nodummy]

UCSO/SEEK - that's the same exact thing that Scott Gallagher did in 2008 with SEEK and FLIP.

After FTS Group Inc (FLIP) became a diluted toxic mess he moved his "directory assets" out of the FLIP shell and into the SEEK shell (then trading as US Biodefense Inc) in exchange for a $1,500,000 Note.

https://www.sec.gov/Archives/edgar/data/1062663/000106266308000028/ftsgroup_form8k.htm

On March 19, 2008, we entered into an asset purchase agreement with US Biodefense, Inc., a Utah corporation, pursuant to which US Biodefense agreed to purchase 100% of the common stock and assume full operating control of the directories and all funds received by our wholly-owned subsidiary, Elysium Internet, Inc., a Florida corporation, beginning on the closing date which took place on April 4, 2008. Upon closing of this transaction, Elysium ceased to be our wholly-owned subsidiary and became a wholly-owned subsidiary of US Biodefense. Mr. Scott Gallagher, our Chairman and Chief Executive Officer, is also the Chairman and Chief Executive Officer of US Biodefense.

Pursuant to the asset purchase agreement, in exchange for a wholly-owned interest in Elysium, US Biodefense agreed to assume all liabilities related to the acquired assets and operation of Elysium. In addition, US Biodefense agreed to issue us a non-interest bearing promissory note for $1,500,000 and upon acceptance by the Utah Secretary of State of a Certificate of Designation, issue us 250 shares of a new class of US Biodefense preferred stock which will be convertible into 60% of the issued and outstanding shares of US Biodefense’s common stock as of the date of our first conversion.

Following the "acquisition" US Biodefense Inc became Elysium Internet Inc (EYSM).

FLIP never got any preferred shares of EYSM/SEEK. Instead the very toxic FLIP shell was abandoned by Gallagher who stopped doing any more required SEC filings. (FLIP was an SEC registrant)

FLIP was finally suspended by the SEC in 2013 and revoked soon after.

https://www.sec.gov/Archives/edgar/data/1062663/999999999713010960/filename1.pdf


I remember looking at SEEK some in March of 2011 and warning people that SEEK was headed down the FLIP path and would see a ton of future dilution and eventually become worthless

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=60570116

That came true as through the years SEEK repeatedly raised it's A/S and diluted stock into the market through debt conversions.


------------


Rinse Repeat

Fast forward several years.

Scott Gallagher stripped the "assets" out of the SEEK shell.

He started by moving a bunch of domains from the SEEK shell to the UCSO shell in April of 2017. The proposed deal disclosed in a March 2017 8K called for UCSO to take over $425,000 in debt owed to Gallagher and for UCSO to issue to SEEK a control block of UCSO preferred stock.

https://backend.otcmarkets.com/otcapi/company/sec-filings/11937285/content/html

But when you read the subsequent OTC filings, UCSO only assumed control of $360,000 in debt and UCSO did not issue any preferred shares to SEEK in exchange for those domains. As of today, UCSO hasn't issued a single share of preferred stock.

Then in March of 2018, Gallagher took the remaining 21 domain names still owned by SEEK and moved them out of the SEEK shell and into the UCSO shell in exchange for the forgiveness of $556,000 he claimed he was owed by SEEK

https://backend.otcmarkets.com/otcapi/company/sec-filings/12671695/content/html

SEEK is now nothing but an abandoned empty shell with no assets and no value. SEEK owns no UCSO stock and SEEK owns no UCSO debt.

All the SEEK shell has left is toxic Note holders tripping over themselves to convert their debts and dump shares while they still can.


Gallagher did the same thing to SEEK that he did to FLIP 10 years earlier.

Now UCSO becomes the new FLIP/SEEK.



I'm actually pretty familiar with the history of the UCSO shell because I researched it in early 2014 before Scott Gallagher got his paws on the shell.

http://promotionstocksecrets.com/united-consortium-ltd-ucso-nodummy-side-research/

Some of the key players involved in UCSO in the past includes:
Randall J Lanham
Clark Wilson LLP
Konrad Ackermann
Michael Anthony
Donald Clarke
Mark T Johnson
Mark D Manoff
Kelly Black
Roger Malik
Gerry Parker
Christopher Wheeler
Regis Possino
Colin Nix
David Rushing
Harold "B.J" Gallison
Carl Marciniak
Jeffrey Weinfurter
Jonathan D Leinwand
Richard Bach


Richard Bach's company (Westor Capital Group) that gained control of the UCSO shell in 2012 ended up being named in a FINRA Complaint in 2013 which included allegations of stock manipulation involving UCSO.

https://www.finra.org/sites/default/files/OHODecision/p494678.pdf

Bach was barred by FINRA and Westor Capital Group was expelled by FINRA.


It looks like Gallagher gained control of the UCSO shell in January of 2017. The former CEO, Richard Bach, was issued a $200,000 debt Note in the process.

Scott Gallagher immediately created an entity in Florida named First Canna Corp so that he could pretend that UCSO was a cannabis ticker.

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=FIRSTCANNA%20P170000113840&aggregateId=domp-p17000011384-2e9efc79-4948-4c73-89d5-10115c80052b&searchTerm=First%20Canna%20Corp&listNameOrder=FIRSTCANNA%20P170000113840

To date First Canna Corp has yet to initiate any cannabis operations which Gallagher blames on slow legislation in Florida. The pretend pot company does have a website though

http://www.firstcannacorp.com/

As I already mentioned, in April of 2017 and March of 2018, Gallagher pulled all the domain names he owns out of the SEEK shell and moved them into the UCSO shell.

Of those dozens of domains it looks like the only one that really has any notable activity/nominal value is lawyersnetwork.com

http://www.lawyersnetwork.com/

In December of 2017 when the crypto market went nuts, Scott Gallagher created Block Chain Inc so that he could pretend that UCSO is a crypto/blockchain company

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=BLOCKCHAIN%20P170000993570&aggregateId=domp-p17000099357-d6d431d5-502a-45bb-b0e1-d82c778735a3&searchTerm=Block%20Chain%2C%20Inc&listNameOrder=BLOCKCHAIN%20P170000993570

Blockchain Inc has yet to initiate any business operations. Gallagher did create a coming soon website though in March of 2018 for his pretend blockchain company

http://physiciansblockchain.com/

The main UCSO website can be found at http://www.uclventures.com/



In the process of turning UCSO into his new SEEK, Gallagher added $560,000 in debt Notes to the UCSO balance sheet. All UCSO has to show for its collection of domains and fake cannabis and fake blockchain operations is $4,752 in revenues for all of 2017.

UCSO now carries over $800,000 in debt Notes. $360,000 owed to Scott Gallagher, $200,000 owed to Richard Bach, $200,000 owed to Hindsight Records Inc from 2015, $25,000 owed to HHSE from 2015, and $27,000 owed to Falmouth Street Holdings LLC from 2015.

$25,000 of debt was paid off in January of 2017 with UCSO issuing 4,166,167 free trading shares of stock ($.006/share)

If history is any indication, Gallagher will rely on toxic lenders to fund UCSO and over the next several years those toxic funders will dilute UCSO down to worthless exactly what happened to FLIP and SEEK. After UCSO becomes worthless, Scott Gallagher will probably seek out another shell to move his assets to.

Rinse Repeat