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Author Topic: CTXI Fraud? Must read.....
realwill
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With the P/R's about Centrex and Mico Cars two weeks ago, this stock looked promising and ready to explode! I bought in at 500% higher than the current stock value! I tried calling the number listed and associated with a Jeff Flannery, 619-342-7449.
I received only a recording saying "Safeway Travel Care"!
I have also found out this Jeff Flannery is tied to (2-3)other companies including the two listed above. Another is (AXGJ)I stronly urge all stock holders to call this number to urge this company and person to come clean about what is realy up with CTXI???
I tied calling (4) times and only got a message. But did leave a message!!!

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Duncan Idaho
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all pinks are frauds

100%

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realtor548
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and scam too !!!!!
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realwill
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So I guess I learned the hard way and lost allot of money?
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Dave2007
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was this your first stock transaction?
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realwill
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I am somewhat new to this. I did buy into BKMP and have sold off 4 million shares from 8 million to finance the CTXI. Other than that just some small stuff.
I just hope CTXI can have a run to .003 so I can get back 50% of my money?

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OILDOG
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quote:
Originally posted by Duncan Idaho:
all pinks are frauds

100%

And you'll be correct...99.9% of the time,and that ain't bad!!!!wwwoooofffff!

--------------------
It takes a lot of attaboys to make up for an aww chit

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realwill
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I am a little confused despite agreeing this stock most likely is a fraud and I am out allot of money.
If you look at the P/R's and the low oustanding shares,why such a large volume today!
17,459,295
Does anyone have a knowledge of this CEO Jeff Flannery?
Last report, Outstanding Shares: 850,699 as of 2005-12-19

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realwill
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I am a little confused despite agreeing this stock most likely is a fraud and I am out allot of money.
If you look at the P/R's and the low oustanding shares,why such a large volume today! 17,459,295
Doesn't make sense? Where are these shares coing from if they are most likely sales?
Does anyone have a knowledge of this CEO Jeff Flannery?
Last report, Outstanding Shares: 850,699 as of 2005-12-19

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Semperfi
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From IHUB!!!
Posted by: Always Faithful
In reply to: None Date:10/11/2006 3:49:57 PM
Post #of 220

I also just got off the phone with the SEC. and ...
http://www.sec.gov/Archives/edgar/data/1080973/999999999706035479/9999999997-06- 035479.txt

So to sum it all up. It appears that the lying CEO has been dumping shares since 8/16/06. It's funny how they failed to mention that they are not registering anymore shares publicly. You guys better dump this POS. I just did. I can't believe this...oh wait...yes I can! so go to sec.gov and hit search in the right hand corner. Then put in the company symbol. And if you want to verify call the sec. It seems that he (Flannery) is able to dump as many shares as he wants without anyone knowing it now. T/A will not give out any information. REG D filed. and company doesn't return any phone calls...hmmm.
What does that spell? And by the way, the MM's are starting to line up at .0001 ...except for BEST who is at No Bid. Check it out. I posted a snap shot of Level 2 on IHUB CTXI board.

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No matter what I say, deep down inside I still believe.

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Squire38
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quote:
Originally posted by realwill:
I am somewhat new to this. I did buy into BKMP and have sold off 4 million shares from 8 million to finance the CTXI. Other than that just some small stuff.

I always suggest new traders paper trade for a few month to get their system down. What did you buy BKMP at? I hope it was 0.0004.
quote:
I just hope CTXI can have a run to .003 so I can get back 50% of my money?
You may want to re-examine CTXI. A quick glance at the chart and this is going nowhere but down. Add that to the CEO dump shares. L2 look bad too. Might be time to cut the loses and DD a scam that is not diluting, or one that is running.

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Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.

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realwill
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Email I got from the CEO Today!!! Just an FYI for
now as I need more information?

Dear Shareholder --

Thank you for your inquiry. I have been traveling the last four weeks and have been unable to respond in a timely fashion and for that I apologize.

We are indeed moving forward with a relationship with MicroCars in Sri Lanka. The initial basis of that relationship was set forth in a press release several weeks ago which talked about a Letter of Intent between Centrex and MicroCars. We are finalizing the details of that arrangement and those details should be issued to the public very soon.

MicroCars was established several years ago in Sri Lanka as the first automobile assembly manufacturer in that country. It is now an established operation and has been producing new cars for a few years now. When I came across the company during my travels a year or so ago, I was deeply impressed with the operation and the people who had so diligently put it together. It was clearly a successful business and a model that could be replicated in other developing countries that wanted a quality, low cost vehicle that could be manufactured domestically, employing citizens and teaching them new, valuable skills.

The web site for MicroCars is being revamped and should reappear within the next day or so.

With regards to Centrex, Inc., you may be aware that I took over this company about 18 months ago and have been working to bring new business into the company which would give Centrex a new direction and new value for the shareholders. This is not a process that happens overnight. I believe strongly in MicroCars and the people who have developed it to date. I think there are tremendous opportunities, but bringing these opportunities to fruition will take time and patience.

The stock price has fallen lately and I believe that is mostly likely due to some old debt holders who have notes with the company prior to my taking over as CEO. They are converting those notes as they are eligible to do.

I will do my best to keep you informed through the web site and press releases as soon as I have new information available.

Thank you again.


Jeffrey Flannery
CEO
Centrex, Inc.

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Semperfi
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I got that email too. It was in direct response to my the email I sent to him. BEWARE here. This is where it can drop to .0001-.0002 fast

Here is my email followed by the answer. It is clear that it was an attempt to answer but he failed to mention that he is the one dumping shares with that new REG D filing allowing him to sell without notification. More importantly nobody can find out the current Authorized shares. So Flannery can be putting every bit of it on the open market.

Posted by: Always Faithful
In reply to: Obi_Penny_Kanobi who wrote msg# 179 Date:10/10/2006 1:12:07 PM
Post #of 203

I just sent this email via the company website:

I would like to receive any information you could regarding progress of microcars and Centrex. I have made several phone calls without any return. I have been in contact with several other shareholders who are very frustrated at the lack of information coming out and the current direction of the share price.
We respectfully ask for someone to address our issues with the following:
1. Current and future operations of Microcars.
2. Funding situation of Microcars.
3. Financial information on Centrex
4. Share structure of Centrex
5. Website status of Microcars.

From : <Jwfworld*aol.com>
Sent : Wednesday, October 11, 2006 10:29 AM
To : xxxxxxxxxxxxxxxxxxxxx
Subject : CTXI

| | | Inbox


Dear Shareholder --

Thank you for your inquiry. I have been traveling the last four weeks and have been unable to respond in a timely fashion and for that I apologize.

We are indeed moving forward with a relationship with MicroCars in Sri Lanka. The initial basis of that relationship was set forth in a press release several weeks ago which talked about a Letter of Intent between Centrex and MicroCars. We are finalizing the details of that arrangement and those details should be issued to the public very soon.

MicroCars was established several years ago in Sri Lanka as the first automobile assembly manufacturer in that country. It is now an established operation and has been producing new cars for a few years now. When I came across the company during my travels a year or so ago, I was deeply impressed with the operation and the people who had so diligently put it together. It was clearly a successful business and a model that could be replicated in other developing countries that wanted a quality, low cost vehicle that could be manufactured domestically, employing citizens and teaching them new, valuable skills.

The web site for MicroCars is being revamped and should reappear within the next day or so.

With regards to Centrex, Inc., you may be aware that I took over this company about 18 months ago and have been working to bring new business into the company which would give Centrex a new direction and new value for the shareholders. This is not a process that happens overnight. I believe strongly in MicroCars and the people who have developed it to date. I think there are tremendous opportunities, but bringing these opportunities to fruition will take time and patience.

The stock price has fallen lately and I believe that is mostly likely due to some old debt holders who have notes with the company prior to my taking over as CEO. They are converting those notes as they are eligible to do.

I will do my best to keep you informed through the web site and press releases as soon as I have new information available.

Thank you again.


Jeffrey Flannery
CEO
Centrex, Inc.

--------------------
No matter what I say, deep down inside I still believe.

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Semperfi
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no volume looks like it is going to be over soon! Waiting for a trade halt or R/S. maybe halt then R/S. CROOKED CEO!!! I hope you guys were able to get out.

--------------------
No matter what I say, deep down inside I still believe.

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realwill
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I bought in after the promising press releahes at bought .0105 and .0098. Around 400,000 shares.
I thought it would explode after they signed the contract! Well, we know this did not happen.
I have since bought 400,000 more shares at 0.0009
hoping to narrow the lose should this move back up somewhere in between? I am stuck with this stock!!!

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gammatheta
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Oh man looks like you are learning the hard way will. Sorry man.
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