News Focus
News Focus
icon url

Monksdream

06/11/19 12:03 PM

#153329 RE: Threeflight #153326

according to the Investors Hub quote page there hasn't been a trade since 11:38 Eastern. It is now 12:02. The blabbering, though, about the 5's being gone, continues. Last trade at 0.0004.
icon url

nodummy

06/11/19 12:06 PM

#153330 RE: Threeflight #153326

IFLM - you might want to check out Jake's twitter page

He obviously isn't working with Jeff Ritchie. He makes it clear his goal is to take over control of the IFLM shell through hostile means by voting Ritchie out of power.

https://twitter.com/ProMusicRights

(screen shot at the bottom of this post).

The four main issues with this whole thing are

1) If Jake P Noch ever gets an actual shareholder list he is going to be shocked to see that IFLM has well over 3 billion shares outstanding and the number has problem grown the past few days as some of that massive pile of toxic debt on the IFLM balance sheet has gotten converted into free trading stock and dumped into the market during this recent pump & dump action.

His 281m shares is most likely less than 10% so if his goal is to own 50% of the commons he'll need to buy approximately 1.3 billion - 1.5 billion more shares

2) Jake has made it clear that he is trying to become a control person so if his affiliation status was at all in question in the past, it is no longer in question now. And as an affiliate/control person/10% owner his stock becomes restricted.

3) What Jake is doing on twitter could be argued to be stock manipulation especially if he doesn't follow through with what he has said (holding a shareholder meeting) and ends up selling any of the stock he owned while posting information on social media.

He definitely has no problem with serving koolaid to the pumpers to pass out to their followers.

Stock manipulation seems to come natural to Jake after he pumped VNUE through some bogus agreement between VNUE and Pro Music Rights then pulled out of the deal after he had dumped all of his VNUE stock.

4) Jake still seems clueless in thinking any amount of common shares can outvote the super voting rights of the preferred stock owned by Jeff Ritchie.







icon url

integral

06/11/19 1:15 PM

#153341 RE: Threeflight #153326

Well, to shed some light, a CEO cannot just make up a valuation and expect a VC/PE or Capital Markets at an IB to fund a start up for $200 million.

You have to start with an audited pre-money valuation and end up with a post-money valuation.

Not too many VCs or PEs will 1st round $200 million on a start up, especially in an OTC Shell.

A company like Merrill will toss this down to sister US Trust to the Wealth Management Division, and nobody in their right mind would even consider it. Developers would do it themselves, they don't need penny stock operators.

I can promise you, when I was in CM and at a VC, your Bplan which your friend could not afford to prepare a professional one, would be in the circular file before I opened it.

Secondly, dear spouse is a CFO at a PE managing...none of anyone's biz...and plans hit the circular file before dear spouse even has time to determine valuation.

I worked in CM in IB as well as equities trading for two of the top 10 financial institutions on the planet, and I would not even open his mail.

I got 200 of this crap daily, I didn't have time for this chit.

How is that light shed.

Today, I just people watch. I like to jump on airplanes, It is more entertaining. Actually, I just got back from HNL the other day, and I will be on a jet plane Sunday. I get bored and I like to travel.