Sonar
4 days ago
Good news / Bad news.
Good News
1001 Wilshire Blvd, Los Angeles, CA. is a real office building.
308 Spring Lane, Halworth, NJ. is a real house.
43855 West Elizabeth Ave, Maricopa, AZ. is a real house.
Bad News
Google "essgcorp.net"
a. Striper Energy Inc. (Suspended by SEC.)
b. DIVISION OF ENFORCEMENT'S OPPOSITION
BRIEF IN THE MATTER OF STRIPER ENERGY, INC.
https://www.sec.gov/files/litigation/apdocuments/3-17250-event-6.pdf
c. Same legal consultant: edaparma.
d. Same legal counsel: M. Sayid
dude010101
1 week ago
I think everything was legit (call me crazy) when originally started. Unfortunately Wang got into major legal trouble that took down his entire business. Han tried to take over and couldn't do it legally. I don't expect the original management to do anything with this shell anymore. Most likely abandoned and it is clean. There are some folks who take over abandoned shells through court order. Only if that happens and they sell it to a company for a reverse merger, we will see life back here and that will be a legit take-over. Then the filings and bringing back to active trading etc. I am certainly not an expert in any of these but that is my guess. I accidentally got into OTC trading 10 years back and got very lucky in my first year. Made a lot of money and poured all of it into this one stock and then lost it all here. Easy come, easy go, I guess. Since then I didn't do anything with OTC stocks and if this comes back to life, I will be happy to jump back into trading on OTC since it is so much fun. And I am on the verge of retirement and it will be a perfect hobby for me.
PS: I will ask around and see if anyone can give me contacts for agencies who sell empty shells like this. They will have to spend some money, goto court, claim the shell and get judge ruling in favor of them. And then they can sell it for a profit. I am pretty sure there are agencies who do this.
Sonar
1 week ago
Nothing makes sense.
Why file a fraudulent amendment, nothing to be gained unless the stock trades on OTC.
Why didn't Dequn Wang or Lin Tianting sell JBZY? It's worth far more than $930.
Never seen Chinese walk away from "free" money until now.
The WYSOS tax bill is probably less than $500, JBZY never made a profit.
The legal cost to become OTC current, change name & symbol, easily offset by a jump in PPS.
$0 Debt & 9.3M OS, you could sell caffeine bottled water and the PPS would jump to $1.
Sonar
1 month ago
Dear Lin Tianting,
Remember that EV Auto company, Battery Manufacture, Battery Swap Station, Bottled Water Producer, Entertainment Conglomerate, Condominium Real Estate, Cell Phone Manufacture, and Crypto Currency company called JB and ZJMY Holding Co?
The one you were/are President of.
Mr Eddie Norward Jr would like to buy it. Wake-up and make some $$
Sonar
3 months ago
New Oceanwide Plaza LLC bankruptcy dates.
On February 13, 2024 (the "Petition Date"), petitioning creditors Lendlease (US) Construction Inc., Standard Drywall, Inc., Star Hardware, Inc., Woodbridge Glass Inc., and Mitsubishi Electric US, Inc. (together, the “Petitioning Creditors”) filed the Involuntary Petition for relief under Chapter 11 of the United States Bankruptcy Code against Oceanwide Plaza, LLC (the "Alleged Debtor").
The Debtor's bankruptcy case is pending under Case No. 24-11057 before the Honorable Deborah J. Saltzman in the United States Bankruptcy Court for the Central District of California (the "Bankruptcy Court"). On March 8, 2024, the Alleged Debtor requested that the Bankruptcy Court enter an Order to Allow the Alleged Debtor to commence its Chapter 11 case as a Voluntary Proceeding and commence operation as a Debtor-In-Possession.
Case No. Debtor Name
24-11057 Oceanwide Plaza, LLC
Meeting of Creditors
April 23, 2024
(09:00 AM PT)
Hearing
April 25, 2024
(02:00 PM PT)
Omnibus Hearing
June 11, 2024
(01:00 PM PT)
Sonar
3 months ago
The case is set for a hearing on March 28.
"Lendlease and four other contractors filed a petition against Oceanwide Plaza LLC in the U.S. Bankruptcy Court, claiming they haven’t received payment for their contributions to the project, Bisnow reported. The move follows Oceanwide Holdings’ admission of financial difficulties more than four years ago, prompting Lendlease to view the legal action as the only means to secure compensation.
With the petition, Lendlease aims to compel the court to appoint a trustee who will oversee the sale of the Oceanwide Plaza property, effectively ending the protracted deadlock that has plagued the site for years. The goal, as stated by Lendlease, is to allow the unfinished project to move forward for the benefit of the local community.
The case is set for a hearing on March 28, where creditors are expected to argue that they have exhausted other avenues for compensation. The proceedings will require Oceanwide Plaza LLC to disclose information about its assets and liabilities, offering a comprehensive understanding of the company’s financial standing and why these resources haven’t been utilized to settle debts."
Sonar
3 months ago
As is the norm, nothing makes sense.
a. Google Eddie Norward Jr; points to an individual associated with numerous unsuccessful small businesses.
b. WYSOS address belongs to Oceanwide Plaza: "A broke Chinese real-estate developer left Los Angeles with empty, graffiti-covered towers that could cost billions to finish. A Chinese firm started to build a massive tower plaza in Los Angeles but ran out of funds in 2019. The Oceanwide Plaza towers are now mainly used by graffiti artists and BASE jumpers."
c. "L.A. OKs $3.8 million to clean up and secure Oceanwide Plaza."
d. "A Bermuda court has ordered the liquidation of a Chinese development firm whose subsidiary sank $1.1 billion into an uncompleted hotel, condo and retail project in Downtown Los Angeles. The Caribbean court appointed liquidators of Beijing-based China Oceanwide Holdings, whose Oceanwide Holdings didn’t complete the three-building Oceanwide Plaza at Figueroa, Flower, 11th and 12th streets in South Park."
Time will tell; the 2020 amendment is either a Scam, Joke, or an attempt to raise capital for a failing real-estate venture.