Replies to post #153070 on DD Support Board and Research Team

[integral]

Yes, that is a rent-a-shell.

[janice shell]

Noch looks like someone who might work for Triton Funds. Why on earth would he buy on the open market? That's crazy. The whole thing is crazy.

You should report it to FINRA.

[munimi]

I hope it's ok I posted the link of this on IFLM board so new comers hopefully will avoid to be victims of the ridiculous and outrages Pump&Dump attempt by non other than "usual suspects" ,which I'm sure you guys all familiar with

Btw. keep doing what you doing ,there are many people out there appreciate it very much. This board is real asset to IHub

[stockmavin]

Nodummy, thank you for your DD! Nice to see facts instead of “booms” and the such

[misterfishman]

well said indeed,we will see what happens today it should be very interesting indeed.

[DreamGreen]

Actually IFLM redomiciled to Wyoming in 2017 and is active there. The AS raise was done in 2017 not recently and given the volume since then and the way it trades there is no way it is 3 billion.


Also, in the filing the purpose stated was to change control of the company.

[Rocinante]

Thanks for the excellent DD

[janice shell]

Still puzzling over what Noch thinks he's doing. WHY would he buy that much stock through E*Trade? He could have had an MM do it for him, and saved a bundle. And what about the Schedule 13/D he didn't really need to file in the first place?

In it, he says "the Reporting Person believes the Issuer has been mismanaged by the Issuer's board of directors and management, and also presently lacks a meaningful business plan".

Wouldn't that mean IFLM is a shell company? Looks to me as if he's just creating more problems for himself.

https://www.sec.gov/Archives/edgar/data/1425883/000177773219000003/Schedule_13DA53019.txt

[at3]

Excellent DD. Confirms to hold off buying this, as it will sell off during the day.

[Threeflight]

I can shed some light onto what is going on. Let me say first off that if, big IF, this happens, it will be big. Jeff only thinks and dreams big, it is just how he is.

I know Jeff Ritchie very well. Back about 5-6 years ago I was helping him try to bring in an amusement park and hotel themed around movies and sci fi. Jeff was super excited about it and the deal was worth well over $200 M. At the time IFLM just had a library full of old movies and music. I was working with a guy who believe it or not was big into bio tech stocks-in fact he used to have the biggest bio tech alert website out there. Bio Meds report. Nice guy. He had a passion for movies and was also trying to help IFLM do something with the theme park idea with this contacts. It was a novel idea but....

I soon realized that they did not have the financing to pull this off. They were going to buy a hotel (big big resort) on the east coast and use that for the hotel and land but the money wasn't there. But the original deal for the hotel and land was legit and in place. I talked to the hotel and they were selling it to IFLM. The financier guy (a different man who I did not like at all) was blowing smoke up Jeffs butt I believe though and couldn't come through.

The thing is Jeff was very naive when it came to stocks. Anyway, the stock did really good for awhile, from like under a penny to over 4 or 5 cents, then it soon pulled back. The funny thing was back then the OS was only something like 75 M or something. It had a great SS and little dilution at the time. The stock moved like a hot knife through butter. And then of course everything went to hell, the deal fell through, the bio tech guy went away, the OS ballooned up like crazy, debt mounted, any business opportunity went bye bye, and it got to where it is today.

As for Jeff, he is a really nice guy. And I mean that sincerely. Just a very good hearted guy, but he had NO idea about penny stocks, how to run a stock, hated manipulation, or really anything stock related. which is why I was brought in. But he was just very naive when it came to that stuff. All he really cared about was movies and music. I tried to give him advice on things but pretty soon the deal fell through, the debt mounted up so much and the toxic financiers took over and .0001 and RS here we came. I really felt bad for him because I know he was struggling financially and had a family.

Now today? Here is what is happening imo. I think Jeff met Jake (possibly through the bio meds guy as he has lots of contacts around LA,) and they worked a deal where he would buy into the stock with this open market deal. And Jake will use his influence to help the stock and bring in deals for IFLM. I am absolutely sure this is going on because Jeff is open to that sort of thing (bio meds guy) and really does want the stock to do well despite all of the past dilution.

Now what will happen? Not sure. I am sure they have something worked out that will be revealed soon enough. I made a few inquiries (not with Jeff) and was told that a AS reduction along with a merge into IFLM is in the works. What it is and when? I don't know.

But I think that is a pretty good summary of things to this point. The stock has shown good accumulation so I am interested to see what happens.

[Tutu]

Nice post sir thanks

[Howyadoing]

WoW, you had it figured out almost 2 weeks ago.

[SloGin]

I got an alert on this company. I LOL ..

Glad I never bought in.

Great research BTW!!

[Ivegotanace2]

Yup, I've seen this.

[crowin]

IFLM is an old Kenneth Eade/Jeff Ritchie scam that is drowning in debt.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149229350

It started getting loaded on March 29th and immediately got the Caveat Emptor (skull & crossbones) from OTC Markets

[Suppressed Image]

Today we find out that somebody named Jake P. Noch acquired 265,584,542 shares off the open market

Noch bought 151,514,542 Shares off the open market on May 29th for a total cost of $21,182 (an average price of $.00014/share)

https://www.otcmarkets.com/filing/html?id=13476302&guid=f0fyUefWOf2883h

Then Noch bought another 114,070,000 shares on May 30, 2018 for a total of approximately $22,888.75 (an average price of $.00002/share)

https://www.otcmarkets.com/filing/html?id=13476320&guid=f0fyUefWOf2883h

Only like a fool Noch claims that gives him 45.33% ownership in IFLM

The problem is that Noch is using old outdated share structure numbers from 2016 (the last time IFLM disclosed its share structure). Back then the O/S was 585,867,360 shares.

https://www.otcmarkets.com/filing/html?id=11635832&guid=jBfyUnmJNk7_33h

I remember looking at the IFLM debt situation back around the time the last 10Q was filed and IFLM was facing billions of shares of future dilution

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=125314532

Since that time, IFLM has raised its Authorized Share Count to 6,000,000,000 shares

The IFLM float is easily over 3 billion now.


IFLM has been dark for 3 years now. It hasn't done any public disclosures about its share structure or financial situation since 2016.

It doesn't help that IFLM was dissolved at the Nevada SOS in 2017 and no longer has any active business license in any state

https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=GcZ%252bxnC71RcR%252fGljBUs6aQ%253d%253d&CorpName=INDEPENDENT+FILM+DEVELOPMENT+CORPORATION



So who is Jake P. Noch?

This is Jake P Noch

[Suppressed Image]

Noch is the CEO of Pro Music Rights and former owner of Sosa Entertainment

https://www.linkedin.com/in/jake-noch-pro-music-rights

Somehow I doubt the facts in this self promotion PR published by Jake P Noch are accurate

https://www.pr.com/press-release/694247


Pro Music Rights signed some partnership with Vnue Inc (VNUE) in April

https://www.prnewswire.com/news-releases/vnue-inc-and-pro-music-rights-partner-to-create-new-paradigm-in-music-performance-licensing-300832888.html

The PR kicked off a nice run for VNUE from $.0016 to $.0043 but VNUE has retraced all the way back to where it started.

[Suppressed Image]


Jake P Noch did an ownership filing for VNUE on 5/31/19

https://www.otcmarkets.com/filing/html?id=13467737&guid=thfyUHdxdvmEy3h



Anyways, to answer your question. What's my take on IFLM.

The float is over 3 billion even after Noch bought up 265m of the float.

Anybody speculating that Noch is trying to buy up enough common shares to gain control of the IFLM shell is an idiot.

IFLM created Series AA Preferred stock in 2015 and each Series AA preferred share has voting rights equal to 4X's all of the outstanding common shares.

Jeff Richie owns all 10 outstanding Series AA preferred shares.

[Suppressed Image]

The only way to get control of the IFLM shell is to acquire those shares from Jeff Ritchie.

Noch can buy up all the outstanding common stock in the retail float and he still won't have any claim to the IFLM shell.

So basically Noch is just wasting his money because now that he is more than a 10% owner his stock is restricted and cannot be resold back into the market. If he does sell the stock he will be violating securities regulations and could subject himself to enforcement litigation.

All Noch managed to do was draw attention to a dead scam shell creating a pump & dump scenario for a bunch of social media traders that don't really understand the situation at all or do and are just trying to get other people to buy IFLM stock at a higher price than they paid so they can profit off the trading action while the stock is still seeing liquidity/volume.