janice shell
11 years ago
I'm one of a few hundred people who were scammed out of money for shares restricted under the Pink sheet rules. I have not been able to have them changed to free shares and subsequently price has bottomed.
Unfortunately, the SEC won't intervene in Rule 144 disputes. It seems unfair, but if they did that, it would take up a lot of their time, because they'd have to go to court. That is also an option for you, though I doubt it'd be worth it.
I have just had someone saying they are from a company instructed to pay compensation.
What did that person say specifically? if someone is bringing a class action, then participating in it should be free. Be wary if anyone asks you to pay some kind of fee, or make a "donation".
janice shell
11 years ago
And you are once again wrong. The SEC merely zapped a bunch of dormant shell companies. They've done that in the past as well, most notably in May 2012, when they took down 379 of them.
As to Brenda Hamilton, this is what Duane Thompson of the SEC had to say about her in sworn testimony.
Next in the lineup, Your Honor, is Miss Brenda Hamilton. Now, Miss Hamilton is a securities lawyer in
20 Boca Raton.
21 And the evidence will show that in 2010, Marc
22 Jablon approached her to provide an opinion letter to
23 OTC Markets on behalf of Big Apple's clients.
24 OTC Markets runs a quotation platform for microcap
25 and penny stock companies, and it has various levels of
quotations. It has Grey Market quotations which involve
2 companies that don't provide any type of disclosures. And
3 then Pink Sheets is for companies that do provide some
4 disclosures.
5 Penny stock companies typically aren't SEC
6 reporting, but OTC Markets or Pink Sheet companies does
7 require that they provide certain disclosures that
8 basically track what they would provide to the SEC.
9 So the evidence will show that in May of 2010,
10 Marc Jablon approached Miss Hamilton after Pink Sheets had
11 refused to take opinions regarding disclosures made by
12 Big Apple's clients. They refused to take the opinions
13 from two other lawyers that Big Apple had referred to those
14 clients.
15 The evidence will show that those two attorneys
16 were part of a string of attorneys that Big Apple had
17 referred to its clients to provide these opinions so that
18 the company stock could be quoted on Pink Sheets and that
19 that string of attorneys is all under some type of cloud.
20 They've all either been barred by Pink Sheets
21 itself, banned from practicing before the SEC, or facing
22 some type of bar disciplinary proceeding.
23 But Brenda Hamilton was different. The evidence
24 will show that Miss Hamilton would not bless disclosures
25 that Big Apple had prepared for its client, and the
particular client we'll be focusing on is a company called
2 Cloud Centric.
3 But Miss Hamilton wouldn't bless disclosures that
4 Big Apple had prepared. She also noted red flags. Those
5 red flags were the absence of any disclosure in the
6 disclosures that Big Apple had prepared concerning
7 Big Apple's receipt of so much Cyberkey stock and its sales
8 of that stock into the market without registration pursuant
9 to the same purported exemption that this Court in the
10 liability phase found did not apply, did not justify
11 Big Apple sales of unregistered Cyberkey stock.
12 The evidence will also show that Big Apple and
13 Marc Jablon first tried to silence Miss Hamilton and then
14 tried to punish her after she wouldn't go along with the
15 program.
16 This evidence, we submit, will make crystal clear
17 the need for strong injunctive relief and penny stock bars
18 against Mr. Jablon and his companies.
janice shell
11 years ago
I'm afraid you have your facts badly wrong. When UFLS lawfully changed its domicile from Nevada to Florida, its Nevada corporate status was revoked. A group specializing in grabbing dormant public companies and turning them to their own uses reinstated the Nevada shell and petitioned a local court for custodianship, without even attempting to contact the rightful owners.
UFLS went to court in Florida, and won.
That took some time. Because of the uncertainly surrounding the ownership of the shell, and the status of the shares circulating in the public market, the SEC suspended. UFLS was not their only target: along with it, they suspended a number of other public companies that had been reinstated in Nevada by the same group.
The Arizona law firm created by that group subsequently closed its doors.
greedy__malone
15 years ago
05/12/2010 All Pending Motions (9:00 AM) (Judicial Officer Delaney, Kathleen E.)
Petitioner Shareholder Advocates LLC's (1)Motion for Order to Show Cause Why Brenda L. Hamilton, Christopher Swartz, and Tim Murray Should Not be Held in Contempt for Violating this Court's 3/22/10 Order Appointing Shareholder Advocates LLC Custodian of Ultimate Franchise Systems Inc., and (2) Motion for Preliminary Injunction Directing Brenda L. Hamilton, Christopher Swartz, Tim Murray, and the Nevada Secretary of State to Withdraw the 4/2/10 Articles of Conversion Purporting to Convert Ultimate Franchise Systems Inc. from a Nevada Corporation to a Florida Corporation...Ultimate Franchise Systems Inc.'s Motion to Quash Service of Shareholder Advocates LLC's Application for Appointment of Custodian
Minutes
05/12/2010 9:00 AM
- Rhonda Keaveney, member, present as representative of Petitioner. Arguments by counsel regarding whether certification of service was proper as Petitioner served officers by certified mailing. As service was not adequate, COURT ORDERED Respondentβs Motion to Quash GRANTED; therefore, Petitioner's Motions for Order to Show Cause and for Preliminary Injunction are MOOT. Ms. Ginapp to prepare Order.