posted
Interesting synopsis of what's going on here with BHUB: from another board IHUB
BHUB- summary of what's been figured out from bhub board ibox. i also spoke w darrel peterson of yucatan and confirmed this narrative:
"In a nutshell, here’s the situation. BHUB was a dormant(since 2000) Florida shell corporation. http://tinyurl.com/2aac3v Recently a bad actor registered a Florida corporation (2005) of the same name http://tinyurl.com/2p43bn They then just recently used these corporate documents to have millions, maybe billions of illegal shares printed and sold into the market. The brokers(as of yet unknown) who sold the paper into the market are now on the hook to cover the fraudulent shares they most probably unwittingly sold into the market.
The shell owners, Yucatan Holdings Company http://tinyurl.com/27d9cp put out the following press release on 3/28/2007 http://biz.yahoo.com/prnews/070328/clw200.html?.v=7 to begin to explain the situation. Yucatan’s attorneys have requested the DTC sheets and the nobo lists to get a handle on the number of fraudulent shares dumped into the marketplace. They have also said that there have been no share authorization increases since the last 10-Q SEC filing, 50,000,000 shares authorized, and 21,685,521 shares outstanding. http://tinyurl.com/2r9mtb Peterson has said Yucatan and their attorneys plan on addressing the fraudulent share problem via legal means, without involving the SEC, if at all possible, reducing the chances of any suspension, as they do plan on using the shell for a reverse merger in the future.
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posted
If its only 50m auth and 21m o/s, and with the volume, does that make it very likely that alot of people may have some of those illegal shares then?
posted
I have some of those illegal shares, and if it keeps moving up and down like this, I'm going to get a lot more. Free of course.
This is the weirdest play I've seen in my short trading days. It was a classic pump and dump, but it looks like the pump may have been true and all the dumpers are coming back.
Still a lotto play, though. Be ready for the dump just in case. Up 50% right now.
-------------------- Me Trade Pretty One Day.
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posted
Update: Pinksheets says it has been in touch with BHUB and will update the company information. Could happen at any time and probably within a week.
If the O/S really is 50 million or less, this will take off again in a big way. If it is 2 billion or more, look out below!
-------------------- Me Trade Pretty One Day.
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quote:Originally posted by lukin4winners: Interesting synopsis of what's going on here with BHUB: from another board IHUB
BHUB- summary of what's been figured out from bhub board ibox. i also spoke w darrel peterson of yucatan and confirmed this narrative:
"In a nutshell, here’s the situation. BHUB was a dormant(since 2000) Florida shell corporation. http://tinyurl.com/2aac3v Recently a bad actor registered a Florida corporation (2005) of the same name http://tinyurl.com/2p43bn They then just recently used these corporate documents to have millions, maybe billions of illegal shares printed and sold into the market. The brokers(as of yet unknown) who sold the paper into the market are now on the hook to cover the fraudulent shares they most probably unwittingly sold into the market.
The shell owners, Yucatan Holdings Company http://tinyurl.com/27d9cp put out the following press release on 3/28/2007 http://biz.yahoo.com/prnews/070328/clw200.html?.v=7 to begin to explain the situation. Yucatan’s attorneys have requested the DTC sheets and the nobo lists to get a handle on the number of fraudulent shares dumped into the marketplace. They have also said that there have been no share authorization increases since the last 10-Q SEC filing, 50,000,000 shares authorized, and 21,685,521 shares outstanding. http://tinyurl.com/2r9mtb Peterson has said Yucatan and their attorneys plan on addressing the fraudulent share problem via legal means, without involving the SEC, if at all possible, reducing the chances of any suspension, as they do plan on using the shell for a reverse merger in the future.
fellas? when re-posting info such as this, puh-leeze provide a link... some good i-hub DD-ers are on this, and it's turned into a very interesting situation...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
Maybe that explains why the shares I sold haven't settled yet. It's been three days and the shares I sold at a substantial profit have not shown up in my Scott_ade account.
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posted
"Posted by: clarity789 In reply to: None Date:4/1/2007 12:36:13 PM Post #of 13401
I think this lays out the legitimate players here....
TELA - Techlabs Inc - KNOXVILLE TN Yucatan Holding Company Jayme Dorrough CEO Darrel Peterson STORM DEPOT INTERNATIONAL CORP - PORT ST. LUCIE FL Yucatan Holding Company Jayme Dorrough CEO Darrel Peterson Corporacion SportAlum C.A. - Caracas Venezuela acquisition not complete yet CTDH - CTD HOLDINGS INC - High Springs Florida (central Fl) C.E. Rick Strattan CEO Yucatan Holding Company Jayme Dorrough CEO Darrel Peterson Yucatan Sun Spa's - in Florida (assumed) EEGI - ELINE ENTERTAINMENT GROUP INC - Knoxville, Tennessee Barry A. Rothman CEO Yucatan Holding Company Jayme Dorrough CEO Darrel Peterson Industrial Fabrication & Repair, Inc - wholy owned SIREN MEDIA, INC - Port St Lucie Florida SIREN LABS, INC - Port St Lucie Florida BHUB - The BigHub - Florida - dormant Yucatan Holding Company Jayme Dorrough CEO Darrel Peterson
posted
Tex, I havent followed much since the SEC letter was posted, but I do have a question about the above list from Ihub. What do all of these have to do with bhub other than the Yucatan Holding Co.? I am surprised Mark Smith's name isnt apart of this. lol. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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"Mark Smith" may turn up, dunno...I've been just barely involved; they've had a pretty good team--DD session on this, just rounding up the "usual suspects" of who all may be involved...the buzz is possible short cuz of hares sold under fake BHUB registration...more or less like BCIT.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
LOTS goin on with this stock, heres what IHUB came up with this weekend
ok, I just updated the ibox (below the charts) with the following information, starting the summarization of the weekend's DD:
What occured to BHUB, In detail(a continuing work in progress):
The following are the Florida Secretary of State documents for the corporation created on July 8, 2005 by John Sparrow and Jason Wong using the name “The Bighub.com, Inc.” (FEI Number -None) http://tinyurl.com/2p43bn
Registered Agent: Wong, Jason 10151 University Blvd Suite 120 Orlando FL 32817 416-417-4779
Officer/Director Detail Sparrow, John 10151 University Blvd Suite 120 Orlando FL 32817 212-561-0762
Sparrow/Wong’s scheme was to legally create a new corporate entity, using the exact name as the original and legitimate “The Bighub.com, Inc.” (FEI Number - 650580634) http://tinyurl.com/2aac3v which was inactive since 2000, so they could hijack the publicly traded vehicle, BHUB CUSIP#089865109.
It seems that Sparrow/Wong began an account with Select American Transfer in October 2005, shortly after creating this doppelganger “The Bighub.com, Inc.” corporation in July, 2005 and sending SAT the corporate documents as proof of their control of BHUB. http://www.investorshub.com/boards/read_msg.asp?message_id=18372341
Select Amercian Transfer Company 118 Finch Ave. West Suite 35 Toronto, Ontario, M2N 7G2 Tel. (647) 722-9581 http://www.selectamericantransfer.com info*selectamericantransfer.com
The BHUB stock was basically dormant until June 2006 when it started trading with some irregularly high volume. It then traded mildly, bouncing around in the triple zeros until March 8, 2007, when it was discovered there was a link to BHUB as a potential reverse merger candidate on the Cyberhand Robotics website, which was noticed by several investors. http://www.cyberhandrobotics.com/stockquote.html
Since that March 8 date BHUB has traded billions of fraudulent shares, printed by Sparrow/Wong/Select American Transfer.
In the meantime, Yucatan Holding Company http://tinyurl.com/27d9cp the remaining legitimate controlling interest holder in “The Bighub.com, Inc.”, and the BHUB security, CUSIP#089865109 became aware of the extreme trading volume and began to investigate the situation.
Yucatan subsequently put out a press release on March 28, 2007 notifying the market of their recognition of the trading irregularity, and to dispel the rumors of the Cyberhand Robotics reverse merger. http://biz.yahoo.com/prnews/070328/clw200.html?.v=7
Registered Agent Dorrough, Jayme 1836 NE River CT Jensen Beach FL 34957
Officer/Director Detail Dorrough, Jayme 1836 NE River CT Jensen Beach FL 34957
As it stands now, Yucatan Holding Company is investigating the situation. According to conversations with Darrell Peterson, Yucatan’s consultant/public contact, Yucatan is currently undertaking the following actions:
1. Put out the 3/28/2007 press release informing the market of their awareness of the situation, that they are vigorously investigating, that they disavow any merger talks with Cyberhand Robotics, and that they are currently reviewing potential business ventures unrelated to current rumors that have surfaced. 2. Requested the DTC sheets/NOBO lists. 3. Contacted Pinksheets.com about correcting their corporate profile information, including the share structure. 4. Are trying to conduct the investigation and subsequent litigation without the involvement of the SEC. 5. Will continue to update the market as developments occur.
Some collected information of the bad actors in this case:
“John Sparrow” (it is not known if this is a real person or a fake name) and his 212-561-0762 phone number which seems to permeate many suspicious companies.
I got the following email from an acquiantance who is very well versed in shells, and the seamy underbelly of the pink/otcbb market.
"BHUB's easy to fix. A simple court order (cancelling shares) followed with a dividend spin off (I can find a shell to burn for $60,000)...it forces a market cover. Florida law allows the cancellation of bogus shares via a court order. Seen it done a few times. Plus, the offending party would be crazy to contest in court as they could be arrested on the spot."
So the thought being, Yucatan could have their attorneys file a suit for a court order to cancel the billions of fraudulent shares sold by sparrow/wong/Select american. This would leave the brokers that sold the shares into the market completely underwater, and scrambling to make good on the shares they sold.
The Florida statutes relating to securities can be researched here. http://tinyurl.com/2dlpdq I just started looking, but if we can find a statute confirming this, it would be a great head start for yucatan's strategies. Perhaps they're already on the ball here on this, but as far as the market goes, this info would help effect the squeezing of the brokers..
From that link above..
The 2006 Florida Statutes
Title XXXIII REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS Chapter 517 SECURITIES TRANSACTIONS View Entire Chapter
CHAPTER 517
SECURITIES TRANSACTIONS
517.011 Short title.
517.021 Definitions.
517.03 Rulemaking; immunity for acts in conformity with rules.
517.051 Exempt securities.
517.061 Exempt transactions.
517.07 Registration of securities.
517.072 Viatical settlement investments.
517.075 Cuba, prospectus disclosure of doing business with, required.
517.081 Registration procedure.
517.082 Notification registration.
517.101 Consent to service.
517.111 Revocation or denial of registration of securities.
517.12 Registration of dealers, associated persons, investment advisers, and branch offices.
517.1201 Notice filing requirements for federal covered advisers.
517.1203 Allocation and disbursement of assessment fees.
517.1205 Registration of associated persons specific as to securities dealer, investment adviser, or federal covered adviser identified at time of registration approval.
517.121 Books and records requirements; examinations.
517.1215 Requirements, rules of conduct, and prohibited business practices for investment advisors and their associated persons.
517.1217 Rules of conduct and prohibited business practices for dealers and their associated persons.
517.122 Arbitration.
517.131 Securities Guaranty Fund.
517.141 Payment from the fund.
517.151 Investments of the fund.
517.161 Revocation, denial, or suspension of registration of dealer, investment adviser, associated person, or branch office.
posted
I figured what the heck. I was in and out and made a few bucks. BUT with this new twist, I couldnt resist putting in an order. I was kinda surprised it got filled. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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The Big Hub.com, Inc. Appoints Additional Board Member and Interim President Monday April 2, 1:54 pm ET
JENSEN BEACH, Fla., April 2 /PRNewswire-FirstCall/ -- The Big Hub.com, Inc. (Pinksheet: BHUB) announced today that its director has added Jayme Dorrough to the Board of Directors and has appointed Darrell Peterson as interim President. "The company is currently not in negotiations with any company regarding acquisitions or mergers," stated Darrell Peterson. Currently, the Company is working through counsel to update and disseminate information concerning the current structure of the Company and outline the Company's intent on future projects it may be involved in. The company plans to update the http://www.pinksheets.com web site within the next few days.
The Company can be contacted at: 267-350-9443
The Company's address for correspondence is: 1820 NE Jensen Beach Blvd. Box 634 Jensen Beach, Florida 34957
Due to the anticipated high volume of inquires all calls will be returned within the day.
Contact Person: Darrell Peterson, Interim President
-------------------- In the end, trust only yourself when trading stocks.
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quote:Originally posted by PCola77: Well, it's starting to run now. Just went from .008 to .0012 in a few minutes.
that´s why i´m in at .0009 and .001 i wouldn´t mind selling these at .0014 any takers? lol no seriously, i see heavy resistance at .0015 but if the IPUMPERS work it right it might get there
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