UnstableElement
8月前
OBCN update on Doki mess provided by AI Grok
FTRS and OBCN in the Doki/Vivos Mess: Parallel Shell Games and Ongoing RisksYour question ties directly into the broader "Doki mess"—the web of aggressive reverse mergers, undisclosed debts, and fraud allegations that sank the Vivos Group (Naveen Doki's staffing/IT roll-up empire) and left RLBY (Reliability Incorporated, OTC: RLBY) in a multi-year receivership battle. Based on a deep dive into SEC filings, court records, and investor forums (primarily InvestorsHub, where this saga plays out like a micro-cap soap opera), FTRS (Futuris Company, OTC Pink: FTRS) and OBCN (Obocon Inc., OTC Expert Market: OBCN) are adjacent shells heavily influenced or controlled by Doki and his network. They represent the "next chapter" of Doki's playbook: Using dormant public companies for staffing/tech mergers, much like the 2019 RLBY reverse merger that triggered the $8.65M judgment against Vivos/Doki (as of Q3 2025).Neither FTRS nor OBCN is directly named in RLBY's Vivos litigation (which focuses on 2019-2023 defaults and asset dissipation), but they embody the hostile, value-destructive patterns—delayed audits, dilution via share dumps, and stalled operations—that have defined Doki's involvement in OTC shells. Investor sentiment labels them "Doki trash" extensions, with fears of repeated fraud claims. Below, I break it down by ticker, with ties to the RLBY saga, current status (as of November 15, 2025), and implications.1. FTRS (Futuris Company): Doki's "Plan B" for Vivos ExpansionFTRS is the most explicitly linked to Doki's pre-RLBY ambitions and post-merger pivots. It's a Wyoming-incorporated shell (traded since ~2020) that Doki and affiliates (e.g., brother Suresh Doki, Kalyan Pathuri) attempted to repurpose for healthcare staffing roll-ups—mirroring the Vivos strategy that imploded at RLBY.Role in the Doki Mess:Origin Story: In 2019, Doki planned an IPO for Vivos Holdings (his core entity) but pivoted to reverse mergers after it failed. He successfully merged Maslow Media Group (MMG, $32M revenue staffing firm) into RLBY (Oct 29, 2019), gaining ~84% control via ~10M shares (now frozen/seizable by RLBY's receiver).
investorshub.advfn.com
Maslow directors then blocked further Doki-led deals (e.g., Nov 2019 acquisition of Intelligent Quality Solutions from Vivos), exposing ~$7M in undisclosed notes—sparking the arbitration losses.
FTRS as Fallback: With RLBY turning hostile, Doki shifted to FTRS. In 2021, FTRS announced acquisitions like Health HR Inc. (medical staffing) and appointed Suresh Doki to the board (with 30+ years in staffing, per press releases).
stocktitan.net
Pathuri (husband of Vivos affiliate Silvija Valleru) became president, signing a 3-year deal. This was pitched as building "integrated HCM [human capital management] capabilities" via revenue-accretive partnerships—echoing Vivos' failed roll-up.
Ties to Vivos/RLBY Drama: Forum posts allege Doki used FTRS to "launder" Vivos assets or fund RLBY legal fights, with share sales covering "legal bills" from the arbitration.
investorshub.advfn.com
RLBY's filings reference Vivos' 2019 share swaps involving Doki family trusts (e.g., Igly Trust, Judos Trust), which may overlap with FTRS control.
q10k.com
No direct clawbacks yet, but RLBY's receiver could probe if fraudulent transfers are traced here.
Current Status (Nov 2025):Metric
Details
Notes
Share Price
~$0.0087-$0.0179 (volatile, +15% in last 24h)
Ultra-low liquidity; down 99%+ from 2021 peaks.
Market Cap
<$1M
~100M+ shares outstanding; heavy dilution risks.
Operations
Dormant; last PR Jan 2024 (4-year OTC anniversary)
No revenue reported; audits stalled since 2021.
Ownership
Doki/Pathuri affiliates dominant
Suresh Doki resigned post-2021; CFO Eric Stutzke left unannounced ~2023.
Regulatory
Pink Current (OTC-ID accepted May 2025)
But "expert market" whispers on forums; no 10-Ks filed recently.
Investor View: InvestorsHub calls it "Doki weed" and a "criminal copycat" of legit uplists (e.g., AMRH), predicting "triple zeros" without RLBY resolution.
investorshub.advfn.com
Recent volume spikes tied to RLBY's Oct 2025 hearing—bets on spillover.
Risks/Outlook: FTRS is stalled by the same "Doki hostility" plaguing RLBY (e.g., appeals delaying collections). If RLBY seizes Doki's frozen shares (~10% of RLBY float), it could pressure FTRS liquidity. Upside: Clean merger post-resolution (low probability). Downside: Further dilution or custodianship.
2. OBCN (Obocon Inc.): The "Empty Shell" with Super-Powered Doki ControlOBCN is a deeper-cut casualty—an inactive chemical/tech shell (pre-2010s vintage) that Doki reportedly hijacked via preferred shares, turning it into another dormant vehicle. It's less active than FTRS but exemplifies Doki's pattern of grabbing control without execution.Role in the Doki Mess:Acquisition & Control: Around 2020-2022 (post-RLBY merger), Doki affiliates (possibly via Vivos entities) took over OBCN, granting Naveen Doki "super powers" through preferred shares (e.g., voting overrides, dilution rights).
investorshub.advfn.com
This mirrors RLBY's 84% grab but without a meaningful merger—leaving it as an "empty shell" for potential staffing pivots.
Ties to Vivos/RLBY Drama: Direct forum links: "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."
investorshub.advfn.com
Other owners (e.g., DB Capital/Daniel Sobolewski with ~13M post-split shares; Jeffrey Beckett ~3.6M) have distanced themselves, citing unhappiness with Doki's crew (e.g., "Wolfson’s" drama—likely a promoter reference). No explicit Vivos asset transfers, but the timing aligns with RLBY's 2020-2022 defaults, when Doki sought new shells amid liquidity crunches.
Broader Pattern: Like Vivos' 2017-2019 factoring defaults ($1.09M NJ judgment), OBCN's inactivity stems from unfulfilled promises—e.g., no audits, no ops revival.
fintel.io
Investors speculate it was a "tax write-off" play, with Doki using it to park inter-company loans.
Current Status (Nov 2025):Metric
Details
Notes
Share Price
~$0.000001 (down 99% in last 24h)
Essentially worthless; no trades in months.
Market Cap
Near-zero
100B+ shares post-splits; extreme dilution.
Operations
None; "empty shell" since takeover
No filings since ~2022; chemical legacy irrelevant.
Ownership
Doki dominant (preferred shares); Sobolewski/Beckett minorities
Doki's stake undisclosed but "no info on shares."
investorshub.advfn.com
Regulatory
Expert Market (restricted quotes)
High fraud risk tier; custodianship calls on forums.
Investor View: Pure despair—"CLSI / OBCN is a tax write off... Worthless stock... Bollywood curry criminals."
investorshub.advfn.com
2022 posts lament total investment loss, with pleas for custodianship (court takeover).
investorshub.advfn.com
Risks/Outlook: OBCN is the "deader" end of the Doki spectrum—likely abandoned post-RLBY losses. No revival path; any Doki cash infusion would trigger SEC scrutiny. Ties to the mess amplify delisting risks.
How They Fit the Bigger PictureThe Pattern: Doki's MO—reverse merge into shells (RLBY 2019, FTRS/OBCN 2020-2021), load with Vivos-style staffing deals, default on debts, face fraud suits. RLBY's receivership (ruling expected Dec 2025-Jan 2026) could cascade: Seized shares (1-2M RLBY) might force Doki to dump FTRS holdings for cash, worsening dilution there.
No Direct Overlap: Unlike Vivos' $7.7M RLBY judgment, FTRS/OBCN aren't in court docs—but forums tie them as "Doki trash" vehicles.
investorshub.advfn.com
Probability of spillover litigation: Medium (40%), if clawbacks expand.
Investment Implications: Avoid both—FTRS has faint upside if Doki exits (post-RLBY resolution, Q2 2026 base-case); OBCN is a zero. RLBY holders: Watch for 8-Ks on asset traces. This mess underscores OTC risks: Doki's network has torched ~$10M+ in shareholder value across tickers.
DWillie
3年前
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
4年前
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
4年前
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.