MCHU Finra deleted symbol:

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/16/2014&mkt_ctg=NON-OTCBB

Caveat Emptor does not surprise me. I've never had any luck with MCHU starting in 2008 when I first bought some. It does not shock me to see the skull and crossbones. It might shock me to see a news headline tomorrow like -

April 12, 2012
Queen Elizabeth Dead!
Passed away in her sleep of a heart attack

- but it does not surprise me in the least to see the skull and crossbones in connection with MCHU.

e-mail to laidbackdad@gmail.com. Let just say in my last few years with the sec, I grew very sick of people like Wheeler and specialized in cases like his. Please feel free to e-mail any questions you would like to know and I will try and help. Happy Holidays

Hay retiredsecman, I sure would like to ask you a couple of questions. It sounds like you know alot about this type of investing.

Amen

When you take advantage of people, it always comes back to bite you!!!!

Hey grandad.....would sure like to know your thoughts on the most recent events regarding old man wheeler.

Well your right for at least right now. Neighberger is simply guilty of association. He worked with Wheeler in Las Vegas under SkyBridge Wireless, and was simply guilty of working with Wheeler and turning his back when things looked a little shady. For all of us that have either worked for or has known JW..can finally say...its about time... JW has taken advantage of people for years, and even myself has known about past SEC "investigations" but he simply was never caught. As they say like father like son

MCHU: SEC Suspension:

http://www.sec.gov/litigation/suspensions/2011/34-65857.pdf

PRESS RELEASE: SEC, U.S. ATTORNEY AND FBI ANNOUNCE 13 CHARGED IN CONNECTION WITH SECURITIES KICKBACK SCHEMES

Washington, D.C., Dec. 1, 2011 - The Securities and Exchange Commission, U.S. Attorney for the District of Massachusetts, and Federal Bureau of Investigation today announced parallel cases filed in federal court against several corporate officers, lawyers and a stock promoter alleging they used kickbacks and other schemes to trigger investments in various thinly-traded stocks.

The criminal case charged 13 defendants who engaged in criminal activity in the midst of an undercover FBI operation. According to the charges filed in U.S. District Court, the schemes involved secret kickbacks to an investment fund representative in exchange for having the investment fund buy stock in certain companies; the kickbacks were to be concealed through the use of sham consulting agreements. What the insiders and promoters did not know was that the purported investment fund representative was actually an undercover agent.

The criminal defendants include Kelly Black-White and James Prange, both of whom were in the business of finding capital for emerging companies. The civil case names some of the individuals who were charged criminally, and the SEC also issued trading suspensions in the stocks of a number of the companies involved in the criminal cases.

The charges follow a year-long investigation focusing on preventing fraud in the micro-cap stock markets. Microcap companies are small publicly traded companies whose stock often trades at pennies per share. Fraud in the microcap stock markets is of increasing concern to regulators as such markets have proven to be fertile grounds for fraud and abuse. This is, in part, because accurate information about microcap stocks may be difficult for the average investor to find, since many microcap companies do not file financial reports with the SEC.

The SEC suspended trading in seven microcap companies involved in the kickback-for-investment schemes:

• 1st Global Financial Inc. (FGFB) based in Las Vegas

• Augrid Global Holdings Corp. (AGHD) based in Houston

• ComCam International, Inc. (CMCJ) based in West Chester, Pa.

• MicroHoldings US, Inc. (MCHU) based in Vancouver, Wash.

• Outfront Companies (OTFT) based in Fla.

• Symbollon Corp./Symbollon Pharmaceuticals, Inc. (SYMBA) based in Medfield, Mass.

• ZipGlobal Holdings Inc. (ZIPG) based in Hingham, Mass.

MicroHoldings and ZipGlobal are also charged civilly by the SEC with fraud.

These latest charges follow a series of similar cases filed by the SEC in October 2010 and June 2011 in which more than a dozen companies and penny stock promoters were charged in similar kickback-for-investment schemes.

"The public has a right to invest in an honest and fair market. Companies that agree to pay illegal kickbacks harm investors and undermine fair competition in the markets," said United States Attorney Carmen Ortiz. "Hard working Americans who invest their savings should not be subjected to backroom deals like those alleged today."

"We are committed to working with our law enforcement partners here in Massachusetts and around the country to stop abuses in the microcap sector and hold the perpetrators responsible," said David Bergers, Director of the SEC's Boston Regional Office. "Kickbacks and phony consulting agreements have no place in the financial strategies of any public company, and executives who engage in this kind of fraud are just selling out their own investors."

"Boston FBI agents initiated an undercover operation aimed at identifying corporate insiders engaged in illegal investment schemes. No one who is engaged in illegal activity while participating in the markets, including CEOs, traders, fund managers, equities analysts, lawyers and publicists, is exempt from the FBI's scrutiny," said Richard DesLauriers, Special Agent in Charge of the FBI in Boston. "Because the nation's economic security is intertwined with our overall national security, the Boston division of the FBI places a substantial emphasis on investigating white collar crimes. During these difficult economic times, now, more than ever, the well-being of the global economy rests on the diligent enforcement of laws designed to ensure the fair and orderly operation of the capital markets. The FBI will continue to use undercover operations and other sophisticated investigative tools at its disposal to protect the integrity and transparency of financial markets."

The following individuals were charged today:

• Kelly Black-White, 51, of Mesa, Ariz. (Operator of Premier Funding, Inc. and Premiere Services, Inc.), charged with wire fraud.

• James Prange, 60, of Greenbush, Wis. (Northern Equity, Inc.), charged with wire fraud.

• Michael Lee, 51, of Hingham, Mass. (CEO of ZipGlobal), charged with mail fraud and conspiracy to commit securities fraud.

• Edward Henderson, 69, of Lincoln, R.I., charged with wire fraud.

• Paul DesJourdy, 50, of Medfield, Mass. (CEO of Symbollon Pharmaceuticals), charged with mail fraud and conspiracy to commit securities fraud.

• James Wheeler, 51, of Camas, Wash. (CEO MicroHoldings, Inc.), charged with mail fraud and conspiracy to commit securities fraud.

• Steve Berman, 49, of Hillsboro, Ohio (CEO of China Wi-Max Communications), charged with mail and wire fraud.

• Richard Kranitz, 68, of Grafton, Wis. (Board Member of China Wi-Max Communications), charged with mail and wire fraud.

• JC Jordan, 60, of Cameron Park, Calif. (CEO of Vida Life International, LTD), charged with mail and wire fraud.

• Karen Person, 61, of Naperville, Ill. (President of Small Business Company, Inc.), charged with mail and wire fraud.

• Albert Reda, 65, of Tustin, Calif. (Treasurer of 1st Global Financial), charged with mail and wire fraud.

• Steve Stuart, 48, of Monrovia, Md. (Major Shareholder in ComCam International, Inc.), charged with mail and wire fraud.

• Muhammad ("M.J.") Shaheed, 44, of Houston, Texas (CEO of Augrid Global Holdings Corporation), charged with mail and wire fraud.

Today, the SEC also filed civil charges of securities fraud against Desjourdy, Henderson, Lee and Wheeler alleging they defrauded investors through the use of kickbacks in financing transactions.

If convicted, the defendants charged with mail fraud and wire fraud each face up to 20 years in prison, to be followed by three years of supervised release and a $250,000 fine on each count. If convicted on the conspiracy to commit securities fraud charges, the defendants each face up to five years in prison, to be followed by three years of supervised release and a $250,000 fine on each count.

U.S. Attorney Ortiz; SAC DesLauriers; and Director Bergers made the announcement today. The criminal case is being prosecuted by Assistant U.S. Attorneys Vassili Thomadakis and Sarah E. Walters of Ortiz's Economic Crimes Unit. The SEC's case was investigated by Michelle Giard Draeger, Ellen Moynihan, and Marty Healey of the Boston Regional Office.

# # #

For more information about the SEC's enforcement action, contact:

David P. Bergers

Regional Director, SEC's Boston Regional Office

(617) 573-8927

John T. Dugan

Associate Regional Director, SEC's Boston Regional Office

(617) 573-8936

"Neither Wheeler or Neiberger has any criminial record; nor have they been charged with any cirme; nor has any of their companies been the subject of any SEC investigation."

ahem


SEC, U.S. Attorney and FBI Announce 13 Charged in Connection with Securities Kickback Schemes

SEC Suspends Trading in Seven Companies

FOR IMMEDIATE RELEASE
2011-251

Washington, D.C., Dec. 1, 2011 — The Securities and Exchange Commission, U.S. Attorney for the District of Massachusetts, and Federal Bureau of Investigation today announced parallel cases filed in federal court against several corporate officers, lawyers and a stock promoter alleging they used kickbacks and other schemes to trigger investments in various thinly-traded stocks.

Additional Materials
SEC Complaint: Edward Henderson and Paul Desjourdy
SEC Complaint: Michael Lee and Zipglobal Holdings, Inc.
SEC Complaint: James Wheeler and Microholdings US, Inc.
The criminal case charged 13 defendants who engaged in criminal activity in the midst of an undercover FBI operation. According to the charges filed in U.S. District Court, the schemes involved secret kickbacks to an investment fund representative in exchange for having the investment fund buy stock in certain companies; the kickbacks were to be concealed through the use of sham consulting agreements. What the insiders and promoters did not know was that the purported investment fund representative was actually an undercover agent.

The criminal defendants include Kelly Black-White and James Prange, both of whom were in the business of finding capital for emerging companies. The civil case names some of the individuals who were charged criminally, and the SEC also issued trading suspensions in the stocks of a number of the companies involved in the criminal cases.

The charges follow a year-long investigation focusing on preventing fraud in the micro-cap stock markets. Microcap companies are small publicly traded companies whose stock often trades at pennies per share. Fraud in the microcap stock markets is of increasing concern to regulators as such markets have proven to be fertile grounds for fraud and abuse. This is, in part, because accurate information about microcap stocks may be difficult for the average investor to find, since many microcap companies do not file financial reports with the SEC.

The SEC suspended trading in seven microcap companies involved in the kickback-for-investment schemes:

1st Global Financial Inc. (FGFB) based in Las Vegas

Augrid Global Holdings Corp. (AGHD) based in Houston

ComCam International, Inc. (CMCJ) based in West Chester, Pa.

MicroHoldings US, Inc. (MCHU) based in Vancouver, Wash.

Outfront Companies (OTFT) based in Fla.

Symbollon Corp./Symbollon Pharmaceuticals, Inc. (SYMBA) based in Medfield, Mass.

ZipGlobal Holdings Inc. (ZIPG) based in Hingham, Mass.
MicroHoldings and ZipGlobal are also charged civilly by the SEC with fraud.

These latest charges follow a series of similar cases filed by the SEC in October 2010 and June 2011 in which more than a dozen companies and penny stock promoters were charged in similar kickback-for-investment schemes.

“The public has a right to invest in an honest and fair market. Companies that agree to pay illegal kickbacks harm investors and undermine fair competition in the markets,” said United States Attorney Carmen Ortiz. “Hard working Americans who invest their savings should not be subjected to backroom deals like those alleged today.”

“We are committed to working with our law enforcement partners here in Massachusetts and around the country to stop abuses in the microcap sector and hold the perpetrators responsible,” said David Bergers, Director of the SEC’s Boston Regional Office. “Kickbacks and phony consulting agreements have no place in the financial strategies of any public company, and executives who engage in this kind of fraud are just selling out their own investors.”

“Boston FBI agents initiated an undercover operation aimed at identifying corporate insiders engaged in illegal investment schemes. No one who is engaged in illegal activity while participating in the markets, including CEOs, traders, fund managers, equities analysts, lawyers and publicists, is exempt from the FBI's scrutiny," said Richard DesLauriers, Special Agent in Charge of the FBI in Boston. "Because the nation's economic security is intertwined with our overall national security, the Boston division of the FBI places a substantial emphasis on investigating white collar crimes. During these difficult economic times, now, more than ever, the well-being of the global economy rests on the diligent enforcement of laws designed to ensure the fair and orderly operation of the capital markets. The FBI will continue to use undercover operations and other sophisticated investigative tools at its disposal to protect the integrity and transparency of financial markets.”

The following individuals were charged today:

Kelly Black-White, 51, of Mesa, Ariz. (Operator of Premier Funding, Inc. and Premiere Services, Inc.), charged with wire fraud.

James Prange, 60, of Greenbush, Wis. (Northern Equity, Inc.), charged with wire fraud.

Michael Lee, 51, of Hingham, Mass. (CEO of ZipGlobal), charged with mail fraud and conspiracy to commit securities fraud.

Edward Henderson, 69, of Lincoln, R.I., charged with wire fraud.

Paul DesJourdy, 50, of Medfield, Mass. (CEO of Symbollon Pharmaceuticals), charged with mail fraud and conspiracy to commit securities fraud.

James Wheeler, 51, of Camas, Wash. (CEO MicroHoldings, Inc.), charged with mail fraud and conspiracy to commit securities fraud.

Steve Berman, 49, of Hillsboro, Ohio (CEO of China Wi-Max Communications), charged with mail and wire fraud.

Richard Kranitz, 68, of Grafton, Wis. (Board Member of China Wi-Max Communications), charged with mail and wire fraud.

JC Jordan, 60, of Cameron Park, Calif. (CEO of Vida Life International, LTD), charged with mail and wire fraud.

Karen Person, 61, of Naperville, Ill. (President of Small Business Company, Inc.), charged with mail and wire fraud.

Albert Reda, 65, of Tustin, Calif. (Treasurer of 1st Global Financial), charged with mail and wire fraud.

Steve Stuart, 48, of Monrovia, Md. (Major Shareholder in ComCam International, Inc.), charged with mail and wire fraud.

Muhammad (“M.J.”) Shaheed, 44, of Houston, Texas (CEO of Augrid Global Holdings Corporation), charged with mail and wire fraud.
Today, the SEC also filed civil charges of securities fraud against Desjourdy, Henderson, Lee and Wheeler alleging they defrauded investors through the use of kickbacks in financing transactions.

If convicted, the defendants charged with mail fraud and wire fraud each face up to 20 years in prison, to be followed by three years of supervised release and a $250,000 fine on each count. If convicted on the conspiracy to commit securities fraud charges, the defendants each face up to five years in prison, to be followed by three years of supervised release and a $250,000 fine on each count.

U.S. Attorney Ortiz; SAC DesLauriers; and Director Bergers made the announcement today. The criminal case is being prosecuted by Assistant U.S. Attorneys Vassili Thomadakis and Sarah E. Walters of Ortiz’s Economic Crimes Unit. The SEC’s case was investigated by Michelle Giard Draeger, Ellen Moynihan, and Marty Healey of the Boston Regional Office.

# # #

For more information about this enforcement action, contact:

David P. Bergers
Regional Director, SEC's Boston Regional Office
(617) 573-8927

John T. Dugan
Associate Regional Director, SEC's Boston Regional Office
(617) 573-8936

http://www.sec.gov/news/press/2011/2011-251.htm

He still does not have any money. Charter Communication is giving them advertising on there network for the sponsoring on the second race car that they are working with. Instead of Charter giving them money to put "Charter" on the car, they give them add spots on TV.

Very sorry to hear about your dealings with Wheeler. From what your telling me, this is very typical of his to ask for services in exchange for stock. He can not offer cash as they have none. Again many of us continue to find it very hard to believe that he has come up with all of this cash to invest into advertising. Best of luck to you

Email me at mordecaisports@bellsouth.net and I'll give all kind of info on what is going on with this. I know first hand!!!!!!

I came across this link today: http://biz.yahoo.com/prnews/111101/sf97087.html?.v=1

So does anyone have any idea as to where they are getting this kind of money? I mean come on....a magical bracelet to go along with the magical chip, by the looks of there stock no one is buying

Very funny however thank you for the information. I already knew this information from another former Wheeler fan. I think the company's inactivity, its heavy debt, and Wheelers long history of failures just speak for themselves.

No I am not related to anyone, nor do I need to listen to your bashing on the past which i know nothing about.

Do you watch ESPN Try watching on saturday and sunday nights NHRA you will see Rodger Brogon and the Racers Edge Team every week qat the races. The cost of the TV commerical and the SI were paid by the company and investors from racing teams.

COMCAST is a major advertiser and the commericals are playing in the city where the races are held along with the areas that are covered by Comcast.

Apparetnly you have a lot of time so go look for the commericals.

Kelly

As well as room for better spelling: excitement.

http://www.awakenedreamer.ca/dreams/My_Homepage_Files/Page8.html

There is definitely room for more excitment.

http://www.awakenedreamer.ca/dreams/My_Homepage_Files/Page8.html

It's not an exciting stock experience, yet.

http://www.awakenedreamer.ca/dreams/My_Homepage_Files/Page8.html

Here's to a great day tomorrow.

Wow...must be a family member from the Wheelers. You really need to do some more digging about his last failed venture in Nevada. Here was company that raised over a lot of money from private investors, and for over a year they had nothing to show for it, other than just a hand full of customers that were located in the same building that its office was in. As for Wheeler and Neiberger your right no criminal record. (Neiberger is simply guilty of association) HOWEVER I guess a few of us need to post some additional information about Wheelers past ventures. Listen the bottom line here is simply for people to be carefull about this guy. Anyone who has worked for or has done business with him will say the same thing. He has one clear track record...he gets in bed with companies that pump the value of the business and gets people to invest, but there has never been one venture of his that has proved successful.,,

Well thanks for the information. I am looking that edition...of SI..perhaps it was just for that particular race. I do not see any advertisement for the product..if you have it..perhaps u can share the page its on If they are running commercials..I guess the question remains how are they paying for it as well as advertising in SI is VERY expensive. I know they have no revenue, so how there getting $$ I think would be interesting

SECMAN: You are a lot of false noise

You have made claims about Wheeler/Neiberger and when challenged, your response is "do some research". Why should anyone do research to support your assertion? Why don't you do the research and provide some facts to support your claim?

I did some research. Here are some FACTS:

Neither Wheeler or Neiberger has any criminial record; nor have they been charged with any cirme; nor has any of their companies been the subject of any SEC investigation.

The attorney letter posted in #10883 is required by OTC Markets for a company to be in "current" status. Your assertion is #10887 that the attorney may have accepted "stock options" is false. If the attorney accepted stock options this would have to be listed in the financial statements & the notes. Do you think the financial statements/notes are falsified? Got any proof? Then file an SEC complaint. That's a serious violation.

Just a little research on the internet shows some more facts; The Pain Chips are available through JEGS.COM; Flanagan has not been associated with MCHU in years; the Pain Chips were advertised in a full page ad in the Sports Illustrated Indy 500 Souvenier Edition; and the Pain Chips television commercials are being aired on Charter Media.

Here is another fact; Skybridge, Inc. failed. That doesn't make it a scam. Did they steal money? Do you have ANY indication of wrong doing? I strongly suspect you have NOTHING other than "word on the street" which means nothing.

So there you go SECMAN, I did some research and some due diligence and I can find NOTHING to support any of your claims. Do you have facts? Any facts? Any at all? Or just more noise?

The TV commercials are being run on Charter Communications through out their network coverage.

The Sports Illistratued Magazine, was the Indy 500 100th anniversary special edition. Distributed at the race track during the event and select airport.

I had to revisit MCHU last posting on their website:http://microholdingsus.com/index.php?option=com_content&view=article&id=26&Itemid=2;

Remember they talked about commercials and also some advertisement in SI magazine. Well I waisted a few bucks and purchased several issues and I have yet to read anything about their latest venture. I even e-mailed their company to ask what issue we could expect to read it,but to no surprise they have not gotten back to us yet.So..to date, I myself have not seen one commercial nor any info in SI magazine. Come on Jim....some people say your trying to improve your image....it looks like your off to a slow start in that department.

LOl...good point...probably talked the Lawyer into accepting "stock options" for payment of services...Wheeler is known for doing that

It worked. MCHU is "current information" again in the eyes of the OTCBB.

Wheeler found a lawyer that had nothing to loose?

Mmmmm and the reason for this statement is what?

Austin Legal Group
LAWYERS
1622 PIONEER WAY
EL CAJON, CA 92020
LICENSED IN CALIFORNIA & HAWAII
TELEPHONE
(619) 550-2330
FACSIMILE
(619) 881-0045 Writer’s Email:
gaustin@austinlegalgroup.com
June 21, 2011
Issuer Services
OTC Markets, Inc.
304 Hudson Street
Second Floor
New York, New York 10013
Re: Microholdings US, Inc.
(Trading Symbol: MCHU)
To Whom It May Concern:
Please be advised that this law firm has been retained by Microholdings US, Inc.
(“Issuer”) an Oklahoma corporation, (Trading Symbol: MCHU) to render an opinion as to
whether there is adequate current information available on the OTC Disclosure and News
Service regarding the Issuer and related matters.
OTC Markets is entitled to reply on this opinion in determining whether the Issuer has
made adequate current information publicly available within the meaning of Rue 144(c)(2) under
the Securities Act of 1933. OTC Markets has full and complete permission and rights to publish
this letter with OTC Markets for viewing by the general public and regulators but no person
other than OTC Markets may rely upon this opinion in determining whether the Issuer has made
adequate current information publicly available within the meaning of Rule 144(c)(2) of the
Securities Act of 1933.
In rendering this opinion, I have examined corporate records, publicly available
documents and analyzed questions of law for the purpose of rendering this opinion, including but
not limited to the following documents:
(a) Articles of Incorporation of predecessor of Issuer, as filed with the Secretary of State
in the state of Oklahoma, filed October 6, 1998;
(b) Certificate of Designations establishing preferred stock;
(c) Bylaws of the Issuer;
(d) Private Placement Memorandum and other stock issuance documents;
(e) Shareholder list of Issuer;

I think every OTCBB stock has at least one good run in it. The MCHU deck is reshuffled and we will see what happens?

well If you dont want a comment on your post why do you post just keep it to yourself its called a forum to comment on Yet once again someone without any facts to back up there BS

Your right it is a possibility, they also had a great product in Las Vegas with Sky Bridge Wireless...they offered B2B wireless internet utilizing the roof tops on top of the major casinos, however after about a million dollars in private venture capital the company shut its doors and the two owners, Neighberger and Wheeler leaving the state. They had nothing to show for the investors. This is what worries me and others...

Oh, I'm very well aware of how shifty this company can be. I know all about Mr. Scamagain Flannagan and Mr. Wheeler Shiftydealer. On August 15, 2008 Mr. Flannelagain put out a PR full of promises of profitibility in 2009, OTCBB listing, better communication with shareholders. That was the last peep from MCHU before it went completely dead for a year. Then NWTT bought it and the deal fell through. And all the while, the two German telecoms that MCHU was supposed to have purchased disappeared without a trace and without a mention. I'm very well aware of what a shifty bunch of bastards we're dealing with here. It's just that, maybe the pain patch product is decent?

lol...well I can honestly say that I have not lost any monies in any of there previous business. As far as BS..I would simply suggest you do some simple D&D on his previous companies, SKY BRIDGE WIRELESS, N.E.T., NWTT..they all have a very similar pattern. If you ask anyone who has invested into any of his past ventures, they will know this person. I am retired, and love to visit boards that I know are not regulated by the SEC, and I just hope that one person will do there own D&D and not rely on whats posted...

That's okay. Sometimes the illusion of assets is good enough. MCHU appears to have a very tight float. If something should happen, like PennyStockGurus getting on MCHU's bandwagon, good things could happen very quickly....

So whats the anger for Mr retiredsecman. You seem very bitter and you keep posting they are con men but you just ramble BS with no facts to Back it up. Could it be you just lost money that you invested? Thats the Game some win some lose

Ok..look at this VERY carefully over 3 million in assets????? Yeah and if you believe that, then you will believe that they will be solving world hunger too

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?????????????????????? ?????????????????????????????????????????????????? ??????,??????????????????“????”????????????

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Thats a great thing way to go MCHU

As of March 31, 2011, first quarter unaudited revenues were approximately $39,365. This compares with first quarter 2010, posting revenues of $0.00 representing MCHU's 1st significant revenues since early 2006. This revenue reflects revenue for The Racers Edge and ConnectIT Networks both purchased by MCHU in January 2011. The company's cash position improved from $525.00 in March 2010 to $35,912 for the 1st quarter of 2011. Total assets increased to $3,780,380.

So word on the street is that old man Wheeler needs cash and lots of it. We encourage everyone to be watching this board for some movement very soon...can you say xxx MAR..since they have finished diluting SKGO they will be looking for another soul to inherit

According to his last blog, they are going to advertise in some automotive catalog.
http://finance.yahoo.com/news/Microholdings-US-Inc-Goes-iw-4078732252.html?x=0&.v=1
Sources indicate MCHU has no funds,one employee, and based on his last blog, it looks like there is no one directing any sort of marketing plan. MCHU is taking the same course as Wheelers previous ventures, no real business plan or model.

why not moving? this is boring here, no news...

Hey Jim....whats the latest update on your commercials that you indicated you were planning on running?.....this is rather poor planing even for your standards

There is a clear difference between trying to keep a promise and outright lying to friends and investors. This goes beyond being incompetent, it is just a fact (just do some reseach on his previous ventures there outcomes speak for themselves)that Wheeler is con-man

Your right and I could not have said it better. Many of us that have known Wheeler know that he is truly a "con man" and is very good at telling people that they want to hear. This guy and his partner Jason Neiberger..have had chances to improve their image, but its important to note, that every venture Wheeler has touched has turned to stone, he will leave carnage where ever he steps, not just investers but those that have worked for him as well.

It will be rather interesting to see where this new venture of his goes....many of us will be watching

not my question to answer, but i believe he is referring to wheeler as a wheeler dealer... snake oil, con man, ponzi scheme... i could be wrong, that's just how i'm seeing things.

this stock has had multiple r/s, many, many. good reason it is called micro holdings.

scottrade was more than happy to get my initial $200 off their books at a premium discount of .02. all in my opinion.

I don't get what you're laughing at? Because someone tried to keep a promise and failed? Because he is trying again? If you think the guy is incompetent, okay, but I see nothing wrong with trying for success.

A few of us had to laugh at Wheelers quote "Our goal is to continue to keep our promises to our investors and the investment community at large" We remember him saying the same thing when he ran Skybridge Wireless and NWTT..I am sure if contacted many of those investors might have something different to say