Simclar Inc (EM) (SIMC)

SIMC added .014s

SIMC at .0266 now, ask .03 with basically nothing on it lol

$SIMC action and nice bid 017, something brewing maybe

?

And at what price?

How many?

Yes, unfortunately a while back at a higher price when it jumped up. It has a small float so it can move quick, but not sure if anything will come of this.

You have any shares?

Unfortunately that's what it looks like

Company is a turd

That's not good. If the company's been abandoned by management, which seems possible, there may not be a new TA. If there were, the old TA would know who it is, because they'd have sent him their records.

If you're in the mood for making phone calls, you could try FINRA Operations at 866 776-0800, and tell them what the old TA told you. Maybe they'll look into it, but don't hold your breath.

Janice, I greatly appreciate your help. I went through with that and was given this response:

Good Morning,
the company you referenced is not currently one of our clients. Our Stock Transfer Agent services terminated with the company effective 11/14/2019. You would need to direct your questions to the company directly.
Thanks

I really do not know who is in charge.. therefore it makes this task quite hard. Is there anything else I can do to find out?

You could try asking the transfer agent:

https://www.otcmarkets.com/learn/service-providers/2378?t=6

I see the entity voluntarily dissolved in 2013, however in 2018 another was created under the exact same name. Both are currently inactive and it would seem David Weinstein is the man in charge.

DO you have any idea how I might find his email address, or a way to make contact?

Any help is greatly appreciated.
DipandRip

I'm afraid I don't. I haven't looked at SIMC in a long while.

Janice, good morning, do you have any idea who is on charge here at the moment? I realize it is very dead.. but, I was wondering if you could help me figure out who the current CEO is

Thanks in advance
DipandRip

Dumb stock. Sub .01 coming to $SIMC. If nothing happens I’m dumping on the bid

Nothing myself, but I haven't really tried. Just odd to see volume

Have you heard anything from management at all?

Does anybody have the email of Barry Pardon?

Odd buying today.. Not big money but percentage wise good for bag holders

But last spring this thing went from .01 to $.15 in two months time. I believe the 6.4 million share float must be accurate this can move big on low volume.

Have no clue, but I liked it. What’s weird is there were 7 and 8 million share bids and according to OTC updated March 20 there are only 6.4 million shares outstanding. So probably some OTC tomfoolery

Does anyone know what last week's buying was about?

I seen it up to 8 million but now it's gone.. Up 67% is a good start

7,000,000 bid @ .01 ?

None that I know of...

Hey Janice, any update with this company/scam?

Took a starter here. I made money on this one in the past. It was reinstated some months back in Florida SOS.

Yes, I thought of that after I wrote my last post. I'm not sure if that makes it better or worse.

But here's a thought: One or more of the perps has been paying the Florida SOS for the various filings it's made for Simclar and other companies. Unless they're using Western Union or something similar, it should be possible to trace them.

My question: Suddenly out of the blue today about 10 minutes before close buys started flooding in... why ? This has been quiet for a while. Would appear like something is about to happen.

As of now SIMC is still a dissolved Florida entity which was voluntarily dissolved by the last owners of the shell. So technically nobody is running this shell.

Unless somebody files a custodianship petition with the Florida courts to be assigned as the receiver for the shell or approaches the old owners and buys their control stock then pays the back taxes to have the dissolved entity revived, nobody is running this abandoned shell.

The transfer agent Continental Stock Transfer & Trust Company participates in the OTC Markets Transfer Agent verified share program

https://www.otcmarkets.com/corporate-services/transfer-agent-verified-share-program

That means they updated the share structure on the OTC Markets site regularly for ALL of their clients no matter if they are active or not - even the grey sheet ones.

You can go through their client list and see:

https://www.otcmarkets.com/learn/service-providers/2378?t=6

And why did someone suddenly start buying today at 3:47?

I agree. But who controls the company now? Is Weinstein back in charge? Needless to say, it doesn't help that the company is no longer an SEC registrant, and hasn't ever made any disclosure at OTC Markets.

It was a perfect choice for a scam like this one.

Thanks for the info no dummy, I am just curious why is the share information updated almost every day on the OTC site?

The letter from Weinstein was added later. You can see on the letter it was notorized on June 12, 2018 - the day it was created.

Why they attached it to the articles of incorporation I'm not sure.

They probably should have made it a new filing with a nice catchy title warning people that it is a fraudulent entity.

That's bizarre. Though these days, not exactly surprising. How did a letter that was evidently sent after 8 June end up attached to a document filed on 19 April?

Is the Florida SOS paying any attention?

David Weinstein needs to make a fuss, and not just with Sunbiz.

Turns out the new Simclar Inc created in Florida was another fraudulent filing

As you pointed out the real SIMC Florida entity was dissolved by the owners of the shell in 2013

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMCLAR%205180242&aggregateId=domp-518024-06ac2d94-3c36-432c-bb11-104d51d10670&searchTerm=Simclar%2C%20Inc&listNameOrder=SIMCLAR%205180242

Then somebody came along on April 17, 2018 and created a new entity by the same name (ala TRSI, SWVI, and SMEV)

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SIMCLAR%20P180000364920&aggregateId=domp-p18000036492-ee6fde9a-b399-416a-b5ec-84f538d49cc6&searchTerm=Simclar%2C%20Inc&listNameOrder=SIMCLAR%205180242

Like with TRSI, SWVI, and SMEV they used the old company address as part of their fraud.

And like TRSI and SWVI they used the names of the old company officers as part of their scam


The old owners wrote to the Florida SOS and their letter was filed with that new corporation (see page 3)

http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2018%5C0423%5C70258437.tif&documentNumber=P18000036492



Why am I not surprised at all to see one of the usual suspects tweeting about it before the fake Florida SOS filing showed up

Up again today, off of virtually no volume, something has to be getting ready... filings? News?

+58% and there is pretty much nobody noticing. Love it

Wow nice job. I’ve watched since .01 before the run to .25 but never hopped in after. Obviously wishing I did now as this does not look like it will stop anytime soon. Dang...

Another super quiet stock getting accumulated up with a possible Reverse Merger in the works. Who knows how high this could go.

$SIMC: $0.136 next.... only 10k to go to $0.386


Not on anyones radar.... sneaking higher.

Love it.

Nice and Stealthy.

Been here since $0.02 :)


GO $SIMC

$SIMC: I for one, APPRECIATE THIS RUN


It Finally just hit $0.10/sh !!!!!!!!!!


Called it... but I was a little ahead of my time again.


Looks fantastic and its extremely Thinly TRADED.


GO $SIMC

Tick tock tick tock tick tock i can almost smell it

Love seeing someone painting the tape red or down 25% when it was up 25% going into the close. Somebody doesnt want this to breakout before they presumably buy all they want. at least 2 days in a row this person/group has done this in the final 30 seconds.

What you think WarChest? Is this a buy??

Yep. I knew Concurrent was part of the Cypress Industries family

Then they were bought out by Cypress Industries

https://www.concurrentmfg.com/news-media.html


https://www.cypressindustries.com