Trooper911 (from Raging Bull) and All,
Thanks for the post about the history of this fiasco. Does anyone know if Guido's audit is only looking into the sale of restricted stock, or are there any rumors of management's misuse of funds.
Also, can someone explain more about "restricted stock". How does one obtain it? How is it restricted (legally and broker wise)? What is the history of the outcome of the people who have done this in the past? Does the selling of restricted stock "flag" anyone at the SEC, or Stockwatch?
TIA.
Trooper, Hope you read SI. Please post on RB, or email me, desertone1@yahoo.com
DRat
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Trooper911 posted:
Perhaps we can help.
Our group is made up of disgruntled investors who decided to follow the motto of Raging
Bull "Leading the Investor Revolution" against those who would blindside innocent
investors as a result of being on the OTC BB. The dealers assoc and the SEC are doing
truly great things to clean up the system of obvious scoundrels, but it takes time, probing,
analysis and concrete evidence before charges may be laid.
In our case, we knew from price alone that we had been done. Our leader, lawyer,
ex-marine and pi$$ed investor in NCPP decided to finance a probe using us ex-players
in the intelligence community to get the info. Dollars and shoie leather, same as always.
People generally help out if the right questions are asked. Our leader got in at $4 and
above, the rest in the same area. Great concept, great opportunity. Right, here essentially
is what we got.
A guy, Sean O'Keefe worked with/for Immersion Studios on a new theatre
concept/animation etc.
Enter Jerry and Lorne, two guys from Toronto skilled in finance and operations, don't
know who was what, no matter.
They formed NCPP with O'Keefe to get the Immersion concept up and out.
NCPP started trading at $4 and we all got blind-sided, except for a few on the inside.
The few on the inside may be:
Daniel O'Keefe, father of Sean;
Two brothers from Laguna Beach;
An off-shore trust company, far, far away in the ocean;
Nick the shell guy in L.A.;
Legal help at the start;
A few weeks after the blind-siding started by a party (ies)selling stock like crazy and with
the stock tanking, Jerry and Lorne came out to the coast and floated around L.A. and
Laguna Beach trying to sort out the friendlies from the bad guys and often that is difficult,
especially when tou're playing with pros who have done it before.
During the first week or so of November, the guy running the show now Frank Guido and
his pal Chris got Jerry and Lorne to step aside. They were exhausted and broke from
fighting a losing battle and were most probably well advised by Guido to do so.
Apparently Guido is huge and a good warrior type and his friend Chris dwarfs him.
One of our hired gun investigator in Toronto knew people close to a number of legal types
up there who were involved at the start of NCPP and in early November. The prelim. info
is that Jerry and Lorne had to stop the selling/tanking, we feel by the brothers in Laguna
Beach who were using the Trust Company far, far away. We know of the trust company
and who is there from a lawyer friend of one of our group in London. We know about the
brothers because they apparently didi the same thing to another stock ACTB/WSOX
Action Sports in essentially the same way leading to two 1 for 30 reverse splits. Bad
a$$es. We learned that Guido and his pal Chris came out to Calif. long before NCPP to
see the Laguna Beach brothers, since Guido had been screwed on ACTB/WSOX. Guido
became an investor in NCPP too. The brothers did not know who they were dealing with.
MagicBo7 confirmed that Guido was an investor in both stocks on this board. Magic has
spoken to all at NCPP a number of times, over many months, and was of great help in
putting the pieces we had together.
What we did learn was that Jerry and Lorne had basically three or more parties to
contend with. (1) the O'Keefes (2) the Laguna Beach brothers (3) the shell guy, who
seems to be clean, although we didn't go farther that surface probes and (4) a group of
numerous individuals either hoping NCPP would fly on its' merits, hoped it fell or had
skills in trading and new issues on the BB.
In early November, Jerry and Lorne had to get control of the company away from
whomever the bad guys were that were selling stock on them. They had been very
cautious by having the start up players, Jerry and Lorne, the brothers and Sean O'Keefe
pool their stock, so no one party could sell stock and blind-side the others. Good plan.
Apparently the brothers had the keys to the hen house using the off-shore trust company.
Apparentl;y they were the only ones who could sell stock, other than the mm's.
To get control back, Jerry and Lorne issued 10,000,000 more shares. As a result of their
discussions with Frank Guido and Chris, who by now were really pi$$ed at NCPP, but
couldn't get a handle on all the guys who were saying,"it ain't us", Jerry and Lorne
co-operated with Frank Guido and Chris and the four of them agreed to split the
10,000,000 four ways. By doing this Frank Guido and Chris very smartly got a conrol
block of stock, along with Jerry and Lorne. When Jerry and Lorne agreed to step aside
and let Frank and Chris fight the war, Frank Guido simply cancelled the stock issue and
warned everyone no to screw around. The good thing is that Jerry and Lorne would not
have stepped aside if it was them selling off stock - too obvious, and if Frank Guido
needs them for their knowledge and expertize on the business side of the company, he
can use them as consultants because he owes them money.
This was very, very smart in that Frank now knew he had Jerry and Lorne completely
on-side, they stepped aside, so he could now focus on the bad guys. He apparently knew
fairly confidently that Jerry and Lorne were broke by this time, exhausted and needed
help. The deal was that Jerry and Lorne would be paid their out of pocket expenses and
$100,000 each for getting the company going and all their effort during tough times. He
probably knew they had not benefitted fro stock sales, but he had to get them to step
aside to be absolutely sure. As of second week of December, our guy in Toronto tells us
that they had probably not been paid their expenses and golden parachutes. Our bet is
that Jerry and Lorne did not profit at all by the selling of stock at the time NCPP tanked.
They apparently are too smart to be so stupid as to screw their own futures and did not
leave town as guily people usually do.
That left Frank Guido with Sean O'Keefe as an officer and director of NCPP, the Laguna
Beach brothers and Nick the shell guy who is probably okay. It had to be one or the other,
or both, or all three, collaborating, while pretending to be separate. We uncovered a
number of fringe players who are pals of the O'Keefes, and some allies of the brothers,
girlfriends of various parties, the usual stuff, but their names are not necessary at this
time.
We found someone, who helped with setting up the company, who had arranged for an
off-shore stock position in NCPP which was part or above his fees that would not have
been proper from a tax point of view and we are staying silent on that for the moment too.
Leave it that it is always interesting to watch greed sway supposedly respectable people.
We watched and heard the parties fighting. Sean O'keefe's father yelling that his son had
screwed up. His walls are sooooo thin. Frank Guido upset with Jerry and Lorne for being
blind-sided. People looking at the Laguna Beach brothers who may have put proceeds
into a condo project out here. And Nick the shell guy. Dangerous waters and Frank Guido
was now badly screwed on two investments. Who wouldn't move in?
The RB board tells us that Sean advised someone a couple of weeks ago that he is now
a consultant to NCPP. Goes from idea guy, hard worker according to MagicBo7, officer
and director of NCPP to concultant??? This guy Frank Guido is obviously very bright. He
neutralized Sean by keeping him on board in another capacity, so Sean will benefit from
his efforts, but Frank Guido is in charge and safe. Therefor, so are we all, we hope. Very
smooth moves. That left Frank Guido with a reduced slate of people who could do him
harm. There was Phil, the new IR director from western Canada. There is a possibility
that this Phil i the same Phil who was involved somehowq in Calif at the same time the
stock was sliding, but we have no hard evidence of this, so that stays on the strategy
board as coincidence for the time being.
There is a ton of other information that supports various theories, but the bottom line is
that someone was selling stock, who should not have been. There was a game with
shares right at the start. We believe money that was supposed to be paid for stock, was
not in a timely fashion. Otherwise, why did Frank Guido come out to Calif. over Action
Sports and then again over NCPP? Why did Jerry and Lorne come out here for weeks, if
not to fight fires? We learned by phoning the company last Fall that there were things
going on, but no one knew where the trouble was coming from. That simply means there
was trouble
We are very happy there is an audit underway. You may have seen a one time request for
an e-mail fro the old trooper. Think of who that may have been. We know how to look for
the guys with motive, opportunity, expertize and infrastructure. Frank Guido is a good
chess player, cut down the numbers until you have your quarry in your sites.
We believe, after spending a lot of our own time and money, that we have helped the
cause of the investors in NCPP. We want Frank Guido and NCPP to get our company
clean of the bad guys, get back to the great business idea and get the movies running.
We are all owners of NCPP and deserve better than we have been given. Only then will
we get back to where our investment is worth something. Thank you to Raging Bull
"Leading the Investor Revolution" and Frank Guido for having the courage to step into the
fray and help us clean up our company. Hey S A M, how are we doing for a bunch of old
retired field guys? Go Frank. Go NCPP.EOM
TROOPER911 |
