American Transportation Holdings Inc (EM)【ATHI】株式ニュース

I wonder how many shares Christopher Davies got to sell before the suspension. Obviously no where near as many as he was hoping to sell thanks to the SEC stepping in quickly on the latest pump&dump action here.

Right after the 1:10,000 reverse split on December 28, 2015, Christopher Davies converted some old debt notes into free trading stock coinciding with Carolyn Shiver taking over as the new control person of the company.

The 1:10,000 reverse split on December 28, 2015 basically took the O/S down to approximately 46,848 shares outstanding.

Then on January 4, 2016, Carolyn Shiver buys 220,000,000 shares at $.00005/share from ATHI in a privately arranged transaction. That means she only paid $11,000 to become the control person of ATHI. I'm curious who had the authority to sell her 220,000,000 shares immediately after a reverse split for just $11,000.

The exact same day, on January 4, 2016, Christopher Davies does a bunch of Note conversions through his company Ambrose & Keith Inc. All total Davies converted debt Notes he owned (most of which showed up on the balance sheet between March 31, 2015 and June 30, 2015) into approximately 21,706,047 free trading shares of stock ($.01866/share). That was exactly 9.9% of the new O/S. It is no coincidence that kept Davies just under the 10% threshold that would have made him a beneficial owner causing the shares to be restricted. That means Christopher Davies owned almost the entire ATHI float. (gee I wonder who would have paid for a paid promotion on this stock? Perhaps the only person with shares to dump into the market?)

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=156385

It's crazy how many different CEOs (Carolyn Shiver, Jack Corn, Ian Stewart, Elaine Johnson/Claire Singleton) and business operation changes ATHI went through the past 2 years to help facilitate Christopher Davies using this shell as an insider enrichment share dumping scheme by passing debt to IBC Funds LLC to dump shares into the market illegally using the 3(a)(10) exemption which the SEC alleged in some cases included fabricated invoices and kickbacks and through his own debt conversions.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113780013

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113792708

You'd think after a drug arrest and his license to practice law being suspended that Christopher Davies would have the good sense to stop begin involved in penny stock scams.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113794874

Glad to see the SEC finally shut this down. Since the stock got suspended so quickly into a paid pump I wonder if there was some kind of sting going on here or if an investigation will actually be conducted on this one. Maybe there will be charges against Christopher Davies in the future.

https://www.sec.gov/litigation/suspensions/2016/34-78412.pdf

The Commission temporarily suspended trading in the securities of ATHI because of recent, unusual and unexplained market activity in the company’s stock taking place during a suspicious promotional campaign, and because of concerns about the accuracy of publicly available information, including but not limited to company press releases issued in June and July 2016.

Order:

https://www.sec.gov/litigation/suspensions/2016/34-78412-o.pdf