DWillie
2 years ago
I had no idea Justin Costello was behind this ticker as well. That explains a lot of what happened here early on. Him and Computerbux stole a lot of money from us. I can't believe I got caught up with these scammers. He got me on this one and GRNF. At least I'm on the victim list if he ever pays out any restitution.
https://www.securitieslawyer101.com/2022/sec-defendant-and-fbi-fugitive-justin-costello-arrested/
Costello also conducted a series of manipulative pump-and-dump schemes on at least three other issuers besides GRNF and HPST between October 2019 and January 2021, including Foothills Exploration Inc (FTXP), REMSleep Holdings Inc (RMSL), and Clancy Systems International Inc (formerly CLSI, now Obocon Inc (OBCN)). To conduct the manipulative schemes, Costello (1) purchased the securities of these issuers in brokerage accounts under his control; (2) secretly recruited and agreed to pay promoters to tout the stock on Twitter and other social media; (3) sold the stock he had accumulated after the price increased due to the illegal touting of the stock; (4) paid the promoters a share of the illicit profits for their activities.
The Indictment singled out one of those promoters by the initials D.F [computerbux on ihub and twitter]. According to the Indictment, Costello was in regular contact with D.F. about buys and sells of the manipulated securities and agreed on a 70%-30% split of the trading profits with D.F.
Together Costello’s misrepresentations and D.F.’s social media posts helped turn GRNF into one of the most memorable pump-and-dumps of all time. The stock price rose from a fraction of a penny to a high of $2.22 before negative exposure, self-awareness, and dilution eventually took the price back down to below a penny.
Costello also conducted a series of manipulative pump-and-dump schemes on at least three other issuers besides GRNF and HPST between October 2019 and January 2021, including Foothills Exploration Inc (FTXP), REMSleep Holdings Inc (RMSL), and Clancy Systems International Inc (formerly CLSI, now Obocon Inc (OBCN)). To conduct the manipulative schemes, Costello (1) purchased the securities of these issuers in brokerage accounts under his control; (2) secretly recruited and agreed to pay promoters to tout the stock on Twitter and other social media; (3) sold the stock he had accumulated after the price increased due to the illegal touting of the stock; (4) paid the promoters a share of the illicit profits for their activities.
The Indictment singled out one of those promoters by the initials D.F. According to the Indictment, Costello was in regular contact with D.F. about buys and sells of the manipulated securities and agreed on a 70%-30% split of the trading profits with D.F.
Together Costello’s misrepresentations and D.F.’s social media posts helped turn GRNF into one of the most memorable pump-and-dumps of all time. The stock price rose from a fraction of a penny to a high of $2.22 before negative exposure, self-awareness, and dilution eventually took the price back down to below a penny.
UnstableElement
2 years ago
FTRS and OBCN IMO will never do anything with Doki trash fraudsters involved...
Over at RLBY Doki trash got involved and took 3 years to get rid of them through the courts and then finally binding arbitration. RLBY can finally move forward as intended and Doki trash are toast. They lost and all judgements are in company favor.
RLBY 8K 9/7/2022
On August 31, 2022, the Arbitrator issued an award (the “Award”) with the Company and MMG prevailing on their claims. The Company and MMG were awarded the following:
? an award in favor of MMG against Vivos under Note I (as defined in the Award) in the amount of $3,458,377, with interest thereon from June 30, 2022, at the rate of 4.5% per year;
? no award as to Note II (as defined in the Award) until and at such time as the automatic stay imposed by the United States Bankruptcy Court as a result of the filing of a petition in bankruptcy by VREH is lifted or the bankruptcy proceeding is terminated;
? an award in favor of MMG against Vivos under Note III (as defined in the Award) in the amount of $800,448, with interest thereon from June 30, 2022, at the rate of 2.5% per year, plus collection costs, including reasonable attorneys’ fees, incurred in the effort to collect Note III;
? an award in favor of MMG against Naveen under the Personal Guaranty (as defined in the Award) in the amount of $2,309,449, plus interest thereon at the rate of 6% per year from the date of the Award;
? an award in favor of the Company against Naveen, Valleru, Janumpally, individually and as Trustee of Judos Trust, and Pathuri, as Trustee of Igly Trust, jointly and severally, for contract damages of $1,000,000, to be satisfied by the transfer of their shares of the Company common stock to the Company equal in value to $1,000,000, valued as of the date of the Award, in accordance with the provisions of Section 9.06(d) of the Merger Agreement;
? an award in favor of the Company against Naveen, Valleru, Janumpally, individually and as Trustee of Judos Trust, and Pathuri, as Trustee of Igly Trust, jointly and severally, for fraud damages in the amount of $4,327,127, plus interest thereon at the rate of 6% per year from the date of the Award, together with any out-of-pocket fees and expenses, including attorneys’ and accountants’ fees;
? an award appointing a rehabilitative receiver for the Company under the deadlock situation provisions of Section 11.404(a)(1)(B) of the Texas Business Organizations Code, the primary function of which is to collect the contract and fraud damages, including costs, expenses and fees provided in the Award, due to the Company, with matters regarding such receivership to be set forth in a supplemental award; and
? declaratory relief in favor of the Company and its officers and directors.
Section 11.404(a)(1)(B) of the Texas Business Organizations Code provides for the appointment of a rehabilitative receiver when “the governing persons of the entity are deadlocked in the management of the entity’s affairs, the owners or members of the entity are unable to break the deadlock, and irreparable injury to the entity is being suffered or is threatened because of the deadlock.” With respect to the receivership, the owners or holders of all of the shares of common stock of the Company received as a result of the conversion of 1,600 shares of common stock of MMG owed by Naveen and Valleru under the Merger Agreement shall not be entitled to vote any of those shares at any annual or special meeting of the shareholders of the Company during the period of the receivership. Upon the completion of the receiver’s primary function of collecting damages due to the Company, the receivership shall terminate and the restrictions on the rights of the shareholders of the Company imposed by the Award shall be lifted. The parties have until September 19, 2022 to submit to the Arbitrator written proposals for the rehabilitative receivership.
https://www.sec.gov/ix?doc=/Archives/edgar/data/34285/000149315222025288/form8-k.htm
CLSI
2 years ago
OBCN Current status. Empty shell.
Obocon is not a company.
Owners:
DB Capital or Daniel Sobolewski, pre-split shares 130,037,779.(13 million shares post-split.)
Jeffrey Beckett, pre-split shares 36,114,370. ( 3.6 million shares post-split.) I have talked with him once before. He was not happy with Wolfson’s.
Wolfson’s, I have no information on their holdings or status.
Dr. Doki or Sam Mathew, I do not have any information.
I have no information on any of the shareholders, other than what has been reported or what their intentions may be.
It looks like the intentions were good, no scam just a bad shell. Issues with the shell caused them to pull the plug from the information I have gathered. Bottom line, latest news;
"OBOCON is done. CLSI was a bad shell and I don’t think officially Suresh/Naveen had any control on the company. Owner of Anthea has moved on. I have about $50K stuck in inventory and other expenses, hoping to somehow get that reimbursed, other than that moving on and working on some unrelated projects. Sorry, nothing worked out for us or the shareholders."
CLSI / OBCN is a tax write off at this point. Worthless stock.