Tuesday, January 28, 2014

Robert Gardner in the News, again - Update

VANCOUVER, British Columbia, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Olie Inc. (OLIE) (Olie) President, Robert Gardner, announces an emphasis in its 2014 Action Plan. In summary:

1) Olie purchases aged non-affiliate debt;
2) provides corporate advisory services, including corporate restructuring of client issuers;
3) consolidates compounding derivative liabilities;
4) issues stock dividends subject to FINRA approval;
5) retains PCAOB accounting firms to complete audits on pink sheet companies;
And now:
6) Olie will seek to acquire the issuers & their shareholder base as wholly owned subsidiaries, in exchange for anti-dilutive convertible preferred stock and management appointments within Olie.
Robert Gardner, President of Olie states, "The inherent value to the shareholders of Olie is that the shareholder base expands demonstrably as new companies are acquired. These companies will be audited, with low debt to equity ratios, and cash and/or assets on their own balance sheets. Olie's accounting team in conjunction with its auditors will file Condensed Consolidated Financial Statements. In this manner we plan to accelerate net stockholders' equity."



Robert Gardner
The U.S. Securities and Exchange Commission has halted Olie Inc., a subpenny pink sheets listing run by Vancouver's Robert Gardner. The SEC says there are questions about the accuracy of publicly available information on the company. The regulator has provided no specifics, but Olie has many recent news releases in which the company claims to have deals worth tens of millions of dollars.
The halt is contained in a notice the SEC issued prior to the open on Monday, Jan. 27. It applies to Olie and a connected Florida company called Hi Score Corp. According to the notice, the SEC has temporarily suspended both companies because of questions "regarding the accuracy of publicly available information about both companies' assets, acquisitions, business activities, control persons, securities offerings, and financing arrangements." A suspension is necessary for the protection of investors, the SEC says.

For Olie, the halt comes amidst a flurry of news releases and heavy trading. Since Nov. 4, 2013, the company has issued 24 releases, with many containing details of proposed acquisitions. The stock has traded about 1.4 billion shares in that time, at prices between 0.03 cent and 1.6 cents.
Well at least Mr. Gardner isn't marching off to BCSC again to sling mud and protect that OH SO VALUABLE REPUTATION of his. I would wager Mr. Gardner won't be setting foot in America again anytime soon either. They know how to deal with career securities crookbags properly.


See ---> http://neer-do-well-hall-of-infamey.blogspot.ca/2012/11/yet-another-gardner-lawsuit.html