InvestorsHub Logo

flo-bee

10/15/09 4:48 AM

#3967 RE: Cassandra #3965

uh, oh! you're not supposed to read past the PRs!

you've got your work cut out for you here. the kool-aid-drunk and pumpers on this board will numb you with nonsense or brand you a basher in record time. they loved the other acquisitions (the PRs at least) of essentially profitless companies in stock-for-stock deals, curiously valued. curious revenue projections, curious simultaneous announcements....i think this and the other ex-eeso company may be on accelerated timetables.

another of carnes' ft. wayne fraud-school graduates or a savvy deal-maker adding complementary and valuable assets to his burgeoning stain pen empire?

you're at a fork in the road...keep digging or watch some sheep be conned and culled? i prefer to see my train wrecks from the sidelines rather than engage the ridiculous ire of the foolish, the Faithful or the frauds.

good luck to the honest among you all (and get out now with what you can).

B BALL GUY

10/15/09 9:18 AM

#3971 RE: Cassandra #3965

Thanks for your imput. Does raise some important questions and hopefully we will hear from management on some of the issues you have brought to the table. GLTA

SolMan1

10/16/09 1:41 PM

#3989 RE: Cassandra #3965

Uh Oh I thought this was from FloBee. Thanks for this. Good information. I already posted my opinion and i need to research more before i can form my opinion.
But thanks for the input, we appreciate it.

Cassandra

11/22/09 9:59 PM

#4471 RE: Cassandra #3965

WARNING - Big Apple Consulting, investor relations firm for GRBG, SSPT and GESM, is being sued by the SEC for fraud and mulitple violations of securities laws in connection with the CKYS scam. It's a major red flag to see them involved with any stock:

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21305 / November 18, 2009

Securities and Exchange Commission v. Big Apple Consulting USA, Inc., MJMM Investments, LLC, Marc Jablon, Matthew Maguire, Mark C. Kaley, and Keith Jablon, Civ. Action No. 09-cv-1963 (M.D. Fla.) (JA)

SEC Charges Investor Relations Firm and its Executives with Fraud, Registration Violations, and Acting as an Unregistered Broker-Dealer

Today the Securities and Exchange Commission ("Commission") filed a civil action in the U.S. District Court for the Middle District of Florida, alleging that investor relations firm Big Apple Consulting USA, Inc. ("Big Apple"), its wholly-owned subsidiary MJMM Investments, LLC ("MJMM"), and four of its executives-CEO Marc Jablon, vice president Matthew Maguire, MJMM president Mark Kaley, and Keith Jablon, vice president of another Big Apple subsidiary-made public misrepresentations and material omissions about the financial state of CyberKey Solutions, Inc., ("CyberKey") while the two entities sold hundreds of millions of CyberKey shares. These CyberKey shares were sold under no registration statement and no legitimate exemption from registration. The SEC also charged Big Apple and MJMM with acting as unregistered broker-dealers, and Marc Jablon, Maguire, and Kaley with aiding and abetting the two entities' violations in that respect.

According to the SEC's complaint, the Big Apple executives learned by August 8, 2006, that CyberKey's only significant source of revenue, a supposed $25 million purchase order from the U.S. Department of Homeland Security ("DHS"), could not be located by DHS itself and almost certainly did not exist. Despite this knowledge, the Big Apple team continued to promote CyberKey and its business relationship with DHS and sold hundreds of millions of CyberKey shares into the public market. In addition to planning and editing press releases, Big Apple used a telephone calling room of 14 to 50 callers to promote CyberKey stock, including the company's relationship with DHS, to registered brokers. In doing so, Big Apple and MJMM acted as dealers in connection with the distribution of CyberKey stock and as brokers by participating in securities transactions at key points in the chain of distribution of CyberKey shares.

The SEC's complaint charges each of the defendants with violations of Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder, as well as with violations of Section 17(a) of the Securities Act of 1933 ("Securities Act"). The SEC's complaint also charges Big Apple, MJMM, Maguire and Marc Jablon with violating Sections 5(a) and 5(c) of the Securities Act. Finally, the complaint charges Big Apple and MJMM with violations of Section 15(a) of the Exchange Act and Marc Jablon, Maguire and Kaley with aiding and abetting the entities' violations of Section 15(a).

The SEC's complaint requests permanent injunctions, disgorgement of ill-gotten gains plus prejudgment interest, and civil penalties against all of the defendants. The complaint also seeks penny stock bars against Big Apple, MJMM, Maguire, and Marc Jablon.

http://www.sec.gov/litigation/litreleases/2009/lr21305.htm