harr449
2 months ago
BUYER BEWARE!!! βSEC charges βJuan Campoβ of View Systems with securities fraudβ
Juan Campo is CEO of USPS. Itβs been stated that USPS was going to acquire Sannabis. Campo lied about Sannabis operations. READ BELOW.
The Securities and Exchange Commission (SEC) charged Colombian resident Juan Campo, the former CEO of View Systems, Inc., with securities fraud on July 26. The SEC alleged that Campo (also known as John Campo) created the false impression that Colorado-based View Systems was actively engaged in two potentially lucrative lines of business, temperature screening for Covid-19 and cannabis. In addition to that the SEC claimed that Campo included a fake audit report in the SEC filings.
The SEC complaint stated that between July 2019 and July 2022, Campo claimed that View Systems had acquired Sannabis S. A.S., a Colombian cannabis company when Campo knew that View Systems had not, and never did, complete this acquisition.
View Systems
View Systems was a Colorado company but had its base in Maryland and used the ticker symbol VSYM until the SEC revoked its registration for not filing financial statements. The company started in 1999 with a product that could detect concealed weapons called ViewScan. However, by 2016 it had stopped manufacturing any products and by 2018 had licensed its View Scan to a third party. In July 2019, Campo joined View Systems as President and CEO even though it had virtually no revenue-generating business.
View Systemsβ 2019 10-K states that its total revenue for 2019 was just $1,400. View Systemsβ annual report on Form 10-K for 2020 still only claimed total revenue of less than $3,000 for 2020.
The SEC complaint states that in July 2019, View Systems issued a press release saying it was going to buy a Colombian company founded and co-owned by Campo called Sannabis, S.A.S. View Systems claimed Sannabis was a βMedical Marijuana Pioneerβ that had purportedly obtained βmedical marijuana licenses for seed propagation, cultivation, transformation, and export.β
False statements
The SEC says that Campo made numerous false statements about the acquisition in press releases, Twitter (now X) posts and at least one SEC filing. Campo also claimed that Sannabis was growing cannabis when it wasnβt. In reality, the SEC claimed that Sannabisβ business was limited to making and selling cosmetics and creams made from hemp seed oil. Sannabis had applied for licenses from the government of Colombia that would have allowed it to grow cannabis, but it did not obtain the licenses until at least 2021.
Another false claim that Campo pushed was that Sannabis had a distribution agreement with a cannabis licensee in Uruguay.
Even though Campo was admitting in some SEC filings that the acquisition never closed, he was saying the opposite in press releases. As the company issued these press releases, the penny stock jumped in price. It was aided in the quest by a website called EmergingGrowth.com and PennyStockDream.com that published articles touting the press releases and acquisition plans.
https://www.greenmarketreport.com/sec-charges-juan-campo-of-view-systems-with-securities-fraud/
harr449
4 months ago
1manband Friday, July 26, 2024 3:09:06 PM Post# of 37070
SEC Charges Ex-CEO of View Systems, Inc. with Securities Fraud for Falsely Claiming the Company Was Engaged in Business Operations that It Was Not
Securities and Exchange Commission v. Juan [a/k/a John] Campo, No. 1:24-CV-2198 (D.D.C. filed July 26, 2024)
https://www.sec.gov/files/litigation/complaints/2024/comp26058.pdf
On July 26, 2024, the Securities and Exchange Commission charged Colombian resident Juan Campo, the former CEO of View Systems, Inc., with securities fraud for creating the false impression that View Systems was actively engaged in two potentially lucrative lines of business, temperature screening for Covid-19 and cannabis, and for including a fake audit report in a View Systems SEC filing.
The SECβs complaint, filed in the U.S. District Court for the District of Columbia, alleges that from July 2019 through July 2022, Campo made and disseminated numerous false statements in View Systems press releases, the companyβs Twitter account, company filings with the SEC, and on the companyβs website. As alleged in the complaint, Campo falsely and repeatedly represented that View Systems had acquired Sannabis S.A.S., a cannabis company, when Campo knew that View Systems had never completed this acquisition. The complaint also alleges that in late 2020βduring the height of the COVID-19 pandemicβCampo falsely represented that View Systems had developed a real time temperature screening product, when Campo knew View Systems had no such device, and could not build one unless it raised additional capital. In addition, the complaint alleges that in July 2022, Campo signed and certified View Systemsβ 2020 annual report which falsely represented the companyβs financial statements had been audited and included a fake audit report.
The SECβs complaint charges Campo with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and the certification provision of Exchange Act Rule 13a-14. The complaint also charges Campo with aiding and abetting the companyβs violations of the company reporting provisions, Exchange Act Section 13(a) and Rules 12b-20, 13a-1, and 13a-13 thereunder. The complaint seeks an injunction, an officer-and-director bar, a penny stock bar, and civil penalties against Campo.
The SECβs investigation was conducted by Ashley Sprague and Sachin Verma, and supervised by Lisa Deitch, Peter Rosario, and Stacy Bogert. The case will be litigated by Devon Staren, and supervised by Christopher Bruckmann. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.
WorkinGreen
7 months ago
Better hope some wallstreetbets meme lord donβt lock up this micro float just for the lolz
USPS SECURITY DETAILS
Share Structure
Market Cap Market Cap
1,036,814
05/15/2024
Authorized Shares
50,000,000
05/03/2024
Outstanding Shares
29,623,250
05/03/2024
Restricted
13,819,650
05/03/2024
Unrestricted
15,803,600
05/03/2024
Held at DTC
7,698,134
05/03/2024
Float
9,823,600
02/15/2024
Would probably be dollars not cents if they did. Canβt get a sizable bid fill for months. This oneβs tight.
WorkinGreen
8 months ago
https://x.com/sannabisusps/status/1770508234194874529?s=46&t=SJT5_R2ZICQG5rZ6P1_6JA
$USPS
USPS SECURITY DETAILS
Share Structure
Market Cap Market Cap
11,849
03/19/2024
Authorized Shares
50,000,000
03/04/2024
Outstanding Shares
29,623,250
03/04/2024
Restricted
13,819,650
03/04/2024
Unrestricted
15,803,600
03/04/2024
Held at DTC
7,698,134
03/04/2024
Float
9,823,600
02/15/2024
harr449
2 years ago
Expert Market on May 1, 2023. ?? $USPS
??0.0800
Pink Limited, AS: 50M, OS: 23M, US: 9.8M
Tier Updated:
?? Pink Current Information
?? Pink Limited Information
Chart, OTC Profile, Twitter, @otcupdates
Update: 2023-04-04 05:46:37 (UTC)
?? $USPS
??0.0520
Expert Market, AS: 50M, OS: 23M, US: 9.8M
Reporting Standard Updated:
?? Alternative Reporting Standard
?? Dark: Alternative Reporting Standard
??Dark or Defunct Badge Added
Tier Updated:
?? Pink Limited Information
?? Expert Market
Chart, OTC Profile, Twitter, @otcupdates
Update: 2023-05-01 07:20:34 (UTC)
https://www.otcmarkets.com/stock/USPS/overview