Replies to post #45853 on DD Support Board and Research Team

[janice shell]

And I have the feeling the SEC might find Chandler's involvement interesting, if they don't already know about it.

In Recycle Tech, the SEC seeks to:

Issue an order barring Rees from providing professional legal services to any person in connection with the offer or sale of securities pursuant to, or claiming, an exemption under Section 4(1) of the Securities Act, including, without limitation, participating in the preparation or issuance of any opinion letter related to such offerings based on his violations of Sections 5(a) and 5(c) of the Securities Act, 15 U.S.C. §§ 77e(a) and 77e(c).

So poor old Rees is unable to work in his profession, unless he wants to wave a red flag in the SEC's face. Of course, if the agency is onto him, he may be doing just that, through the hapless Chandler, who must be a royal idiot.

Rees committed a rather large number of violations of securities law in connection with Recycle Tech. Evidently his law firm was known for helping out shell peddlers.

http://www.sec.gov/litigation/complaints/2012/comp-pr2012-82-2.pdf

I wonder if Chandler will get the chance to let his nose dry. His utter ineptitude--if what happened was as innocuous as that, which is open to debate--handed BIZM's head to the SEC on a silver platter.

Interesting about the mailers. Maybe that's a tradition, too. Vincent & Rees went out of their way to be helpful to the RCYT scammers.

[Norwood]

Thank you both for clearing this all up. Answers a lot of questions I had. I had bought some for a scalp play after the dump but sold Monday after you alerted me to the fact that somebody had the balls to take out a full page pump add in the NYT.

[buccaneer1961]

can you give any info on MISM? looks like its been going green

[tigerpac]

Hate to dredge up an old post but it seems that securities attorney David Rees is back in the news again with a "buyout or reverse merger or something" with NECA which is owned by Jeff Canouse (yes that family).

Rees is part of a holding company, ThirdBench, which supposedly owns three companies in the home remodeling business. Yet the 3 companies on their web page haven't confirmed they are owned by the holding company.

https://thirdbench.com/

Rees had another run in with the law in 2020 for a 2017-2020 scheme and was charged with conspiracy, securities fraud, transactional money laundering, concealment money laundering, and aggravated identity theft.

Seems like a perfect partner for Canouse as they plan to start a "introduction" campaign tomorrow saying how great NECA's acquisition of a $20 million revenue company will be without disclosing any pertinent information. NECA total revenues last seven years are $20K with most of that written off as bad debt in subsequent years.

What are your thoughts?