posted
now we need somebody on the inside of the sec and NASD to give us updates. the next two weeks are going to be dead with no trading or news.
Posts: 1421 | From: USA | Registered: Dec 2004
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We all work well together. GVRP is dead until a ruling/solution is issued.
Lets focus on making money. Three days is enough time to find some hot stocks for a 4 day trading week.
Posts: 538 | Registered: Apr 2005
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quote:Originally posted by pcloadletter: OK, now a good team has been assembled.
We all work well together. GVRP is dead until a ruling/solution is issued.
Lets focus on making money. Three days is enough time to find some hot stocks for a 4 day trading week.
A great bit of advice. The die is cast on GVRP for the time being. It will be weeks before we know what the next step will be so we all might as well find the next profit making catch. Glta
Posts: 81 | From: Tennessee | Registered: Mar 2005
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posted
Our local news carried an item on a company called Blastgard....BLGA.ob..........might be worth some DD....pretty impressive....have been caught up in GVRP and haven't Dd'd it yet.
Link to an article, but you should have seen the testing on our local news. Article is very long so I'm only including link....we might want to start a thread if we like what we find. Good luck
Posts: 529 | From: Tx | Registered: Sep 2004
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posted
Another link to website....on the news .....they blew up a car, and other items.....without actually seeing it you might think this is rinky dink....you can read about products on this link... http://www.blastgard.net/legal.aspPosts: 529 | From: Tx | Registered: Sep 2004
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posted
OK, doing some more reading on where these pre-split shares came from....
thought this was interesting...
Interwest Transfer Co., Inc. is protected from burglary, fire and smoke by Honeywell Protection Services. Our office is three minutes from the Salt Lake County Sheriff's substation and Salt Lake County fire station.
All shareholder records are strictly confidential, and are available only to those persons designated by each of our clients.
Unissued stock certificates are kept secure and carefully monitored in our vault.
Back-up computer tapes are stored away from our office in a secure location to guarantee the safety of your shareholders information. In addition, a hard copy is maintained in our office to prevent any changes or alteration.
Receipt of stock certificates presented for transfer. Review of endorsements, check signature guarantees, cancellation of the old certificates and issuance of new certificates as instructed.
Maintain and update shareholder records.
Process "stop transfer" orders on lost or stolen securities. Maintain the file and follow through to conclusion, replacement or recovery. File all forms with the Securities Information Center. In most cases help with obtaining the required bond for replacement.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
As you know, I have been sending email to a variety of regulatory bodies and, making a good number of phone calls to regulatory bodies, including SEC attorneys.
I am currently working on tracking down a Steven Dreyer, attorney for GLUV / Media Magic.
Please join me in continuing to apply pressure with a hope that pressure will lead to decisions which will favor our vested interests.
**
To: secretaryofstate@dos.state.fl.us To: DivCorp@dos.state.fl.us CC: enforcement@sec.gov
** Subject: Falsified Documents Filed **
Florida Department Of State ATT: Glenda E. Hood ATT: Division Of Corporations
Good Day,
I am writing to express concerns about a document filed and recorded which appears to be falsified, in my personal opinion.
Document filing information is,
Title: Articles Of Amendment Filed: May 25 2005 9:29 AM Filer: Media Magic Inc by Robert W. Pearce Office: Secretary Of State, Tallahassee, Florida
My concern is Robert W. Pearce indicates, within that document, a shareholder vote was held and that filing was approved by shareholders. However, no shareholder vote was effected.
I hold hundreds of millions of shares in the company, many other shareholders hold hundreds of millions of shares in the company. None of us were notified of a shareholder vote. None of us were allowed to vote.
Nonetheless, Robert W. Pearce indicates a shareholder vote was taken and that amendment was approved by a majority of shareholders.
You will note that amendment authorizes common shares in the amount of two-hundred-fifty-trillion shares. Yes, trillions of shares. My concern is an attempt will be made by Robert W. Pearce to defraud those owning shares by flooding the market with shares, then later effecting a reverse split to reduce shareholder's stock holdings to zero.
He very recently performed a similar action to remove shareholders, followed by a company name change. All shareholders lost their money.
On Friday, May 27, 2005, the SEC imposed a trading suspension for GVRP stock, which is GLUV Corporation now known as Media Magic through a name change filed with your office recently.
The SEC cites support for their trading suspension,
"The Commission temporarily suspended trading in the securities of Gluv because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things,
1) number of shares outstanding for the company, 2) the availability of non-restricted shares for trading and delivery, 3) the current shareholders of the company, and 4) the rights attached to ownership of these shares.
Gluv is quoted on the Pink Sheets under the ticker symbol GVRP."
My primary concern and opinion is Robert W. Pearce, CEO of Media Magic, is attempting to defraud investors using that filed amemdment which appears to be falsified.
Again, he indicates a shareholder vote was effected. No shareholders were notified nor allowed to vote.
I urge you to investigate actions taken by Media Magic and Robert W. Pearce to protect the investing public.
You are charged with protecting the public. Please do so.
Contact Information For Robert W. Pearce,
Royal Palm Capital Group, Inc. 625 North Flagler Drive, Suite 605 West Palm Beach, Florida 33401
posted
This provision of the statutes could not have been used for the original reduction down to 11 shares since cash payments were used. Lets not forget the CEO certified that the new authorization for shares was made by shareholder approval. I never approved, did any of you? LOL
Also, the ONLY way we will ever know the policy limits of any insurance policy is if the liability is so great they are prepared to write a check for the entire limits and so offer them in an effort to settle and avoid further liability. Then and only then will they offer the policy declaration page for examination to spur a settlement.
Posts: 81 | From: Tennessee | Registered: Mar 2005
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quote:Originally posted by BuyTex: i saw that, but never saw anything about insurance...
no, but i don't tell people my insurance specifications(cuz it's dumb)
more specifically, one could deduce that the transfer company simply follows instructions...
on the other hand? they are experts, providing consulting to their customers.....
my gut instincts? from everything i've read about this and other cases involving suspicous dilution is that MM's are not the real problem either.... MM's simply make the trades and i would assume that they are accepting the shares traded at face value....
the SHO list is real, naked shorting is real, WHO is doing it?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
yes TEX, they can, and that IS a 2004 staute?
who's the SOB that signed it...and who wrote it?
(2) Unless the articles of incorporation provide otherwise, a division or combination may be effected solely by the action of the board of directors. In effecting a share combination or division, the board shall have authority to amend the articles
the articles of incorporation may not allow it, that would explain why the term "shareholders meeting" was used in this "so-called" amendment..
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by BuyTex: i saw that, but never saw anything about insurance...
no, but i don't tell people my insurance specifications(cuz it's dumb)
more specifically, one could deduce that the transfer company simply follows instructions...
on the other hand? they are experts, providing consulting to their customers.....
my gut instincts? from everything i've read about this and other cases involving suspicous dilution is that MM's are not the real problem either.... MM's simply make the trades and i would assume that they are accepting the shares traded at face value....
the SHO list is real, naked shorting is real, WHO is doing it?
re: consulting, etc as part of their professional services, they *should* carry Errors & Ommissions insurance, and several (many? most?) TAs do so, but SEC is "considering" making it a requirement...
posted
Decades back, more that I care to admit, while working our fields, shoveling and turning soil right along behind grandpa plowing behind a mule, I accidently cut a horn toad's head in two, but he remained alive.
Crying, I grabbed that horn toad up, ran to our farmhouse to seek help from grandma.
She carefully washed that horn toad's head then proceeded to sew his head back together. Most loving, there was little grandma would not do to comfort the children of our farm.
Horn toad didn't make it, but grandma did stitch a bit more love for her, in my heart. Today, although grandma is gone, my love for her is a large comforting hand stitched quilt, her quilt of love given to all us kids.
posted
I am in the middle of an indepth compelation of facts etc....Including dates, as well as refrencig various articles regulations etc...Trying to keep it to a couple pages. When finished my buddy who works for one of my state senators will be passing it around to those interested/ in the field and related lobbyists.
Anyone wanting a copy let me know, it'll probably be to long to post. Hopefully I'm finished by monday, Its finally not raining here so I will be spending time on the yard. Also just waisted 2 hours of my life watching madagascar....
due to this, I probably won't be chasing any new leads this weekend. Purl I may also be hunting down the company lawyer. My assumption was he was in FLA cuz the company is there, you found him in N.Y. I will try to search the state bars and see where he's out of. It should matter.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
To laugh often and much, to win the respect of intelligent people, and the affection of children, to earn the apprecition of honest critics and to endure the betrayal of false freinds, to appreciate beauty. to find the best in all people, to leave the world a little better, whether by a social condition, or a garden patch or a healthy child, to know even one life has breathed easier because you live this is to have succeeded.
attributed (probably erroneously) to emerson
[ May 28, 2005, 12:55: Message edited by: glassman ]
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by BuyTex: Also got a link to the Florida statutes; the board of directors CAN adjust par value, a/s, etc w/o shareholder involvment...
I can see the defense here already. This statute only applies to corporations with more than 35 shareholders (section 8). They will claim with only 11 shares of stock outstanding they had less than the operative number of shreholders.
Makes their PR and backdating still look very suspicious.
Posts: 81 | From: Tennessee | Registered: Mar 2005
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posted
I wrote to that Steven Dreyer in New York asking if he is legal counsel for GLUV.
Probably won't have a response until next week.
I have no clue, for now, what I may write to him.
My objective is to elicit responses from various people with a hope of a garner of valuable info before all relize they need to gag themselves.
Posts: 7504 | Registered: Dec 2003
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posted
Per Wily Calamity's suggestion, am providing relevant clauses, which show yet another goof by the Car-Crash Gang; (2-c) and (4-c)
2)Unless the articles of incorporation provide otherwise, a division or combination may be effected solely by the action of the board of directors. In effecting a share combination or division, the board shall have authority to amend the articles to:
(a) Increase or decrease the par value of shares;
(b) Increase or decrease the number of authorized shares; or
(c) Make any other changes necessary or appropriate to assure that the rights or preferences of each holder of outstanding shares of all classes and series will not be adversely affected by the combination or division.
[ deleted by moi ]
4) If a division or combination is effected by a board action without shareholder approval and includes an amendment to the articles of incorporation, there shall be executed in accordance with s. 607.0120 on behalf of the corporation and filed in the office of the Department of State articles of amendment which shall set forth:
(a) The name of the corporation.
(b) The date of adoption by the board of directors of the resolution approving the division or combination.
(c) That the amendment to the articles of incorporation does not adversely affect the rights or preferences of the holders of outstanding shares of any class or series and does not result in the percentage of authorized shares that remain unissued after the division or combination exceeding the percentage of authorized shares that were unissued before the division or combination.
quote:Originally posted by BuyTex: Also got a link to the Florida statutes; the board of directors CAN adjust par value, a/s, etc w/o shareholder involvment...
I can see the defense here already. This statute only applies to corporations with more than 35 shareholders (section 8). They will claim with only 11 shares of stock outstanding they had less than the operative number of shreholders.
Makes their PR and backdating still look very suspicious.
I'm not convinced they backdated--the BOD meeting was May 20; it got stamped May 25--walked over, registered mail?
re 11 shares: Won't they have a hard time convincing anybody there was only 11 shares os by May 20?
posted
Glassman, our grandma could not read nor write.
Older kids in our farm family, read letters to her, and wrote letters for her.
She up and asked one the older kids to write a letter to the Harlem Globe Trotters, asking them to come our tiny hometown to perform.
They did!
I can no longer remember when the Globe Trotters came to town, being only five or six at the time, but I sure remember a lot of folks laughing and having a good time, Choctaw, blacks and whites alike, all enjoying time out from farm labor.
When grandma died, our local school closed and her funeral was held in our school auditorium to make room for some many paying respects.
She lives on in the hearts of hundreds.
Of interest, grandma quickly and painlessly died while churning milk in her kitchen. She was found simply sitting in her favorite kitchen chair, still holding the churn handle.
She died doing what she enjoyed the most; taking care of her family.
posted
OK, one of the things that i have already posted, but you have to go way back to find, is that i called the transfer agent at 13:30 ET on FRi. May 20th...
within a few minutes after my call the PPS took off.. ithink they wer trying "recover" as many shares as they could, and i offered them a few at 10$. they took 'em..... it's all documenteed here....
IMO?the transfer agent FINALLY realised what i was saying to them when i simply asked....
"Why is the ex-dividend date so long after the record date?"
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: OK, one of the things that i have already posted, but you have to go way back to find, is that i called the transfer agent at 13:30 ET on FRi. May 20th...
within a few minutes after my call the PPS took off.. ithink they wer trying "recover as many shares as they coudl, and i ooffered them a few at 10$. they took 'em..... it's all documenteed here....
IMO?the transfer agent FINALLY realised what i was saying to them when i simply asked....
"Why is the ex-dividend date so long after the record date?"
I also had a pre phone call in to this when I also told them they were wrong on the date, also had an attempted talk with secretary at company who was obviously p.o'd (probably a bunch of calls) I didn't bother with the company again, but I did bother the TA after I had my shares and this time she wasn't talking. paraphrase "we are no longer to speak about the company" wish I would've quoted it. (wish i had both answers recorded actually or in writing but i don't)
I don't know what my buddy at the state house can do, but I know he can put it in the right hands and say this is from the senators office, he is concerned
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
boy are we busy here saturday. i have a couple of lawyers in the family who maybe able to track down this dreyer lawyer. i would think they would have access to a directory of registered lawyers.
Posts: 1421 | From: USA | Registered: Dec 2004
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posted
i've been reading that Fla. law a little further..it's not exakly clear to me whether they do have the right to amend the articles without shareholder aproval..
so maybe they were just buying themselves a halt to the trading...
brush fire.....hmmmmm.....sounds painful
gonna go check out some people who claim to have "paid their dues" for a few hours. we'll see if they have or not...the blues don't come easy...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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"so maybe they were just buying themselves a halt to the trading...."
Very possible. A safe presumption can be made Pearce will take actions which are beneficial to him, financially. My opinion is he will take those actions which result in no loss of money or result in profit.
I am assuming he is typically unethical.
I am also assuming he will not buy back shares within a short squeeze environment.
My bottom line is buyers will either lose their money or breakeven, minus commission fees.
Nonetheless, it is extremely rare the public is afforded a chance to highlight both problems and corruption within Wall Street. I am using every tool available to draw attention to the true nature of Wall Street to simply discredit and embarrass them, with facts which can be verified easily by anyone.
It is worth my $250 to finally skin them alive. I don't care if I lose my money, I am very much enjoying raising heck with Wall Street. I have been waiting years for an opportunity like this.
I want Wall Street to remember me as a headache.
Who knows? This incident may lead to greater awareness by Wall Street we are watching their every move and will trash them instantly. They may become a bit more fearful of the public.