First Colombia Gold Corporation (PK) (FCGD) News

Looks like the SEC has finally caught up with pinky dirtbag>>>>>

Frank Igwealor et al.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26171 / November 19, 2024
Securities and Exchange Commission v. Frank Igwealor, Patience Ogbozor, Alpharidge Capital LLC, American Community Capital LP, GiveMePower, Inc., Kid Castle Educational Corporation, Los Angeles Community Capital, and Video River Networks, Inc., No. 2:24-cv-09941 (C.D Cal. filed Nov. 18, 2024)
SEC Charges CEO with Misappropriation of $2.2 Million and $6 Million of Illegal Stock Sales
The Securities and Exchange Commission announced today it filed charges against Frank Igwealor of Playa del Rey, California, the CEO of several microcap issuers, for engaging in a scheme to misappropriate $2.2 million from a microcap company he controlled to purchase a home, and illegally selling millions of shares of three other microcap issuers he controlled for a profit of approximately $6 million.

The SEC’s complaint, filed in the U.S. District Court for the Central District of California, alleges in November 2021, Igwealor and his spouse, Patience Ogbozor, illegally extended themselves a personal multi-million dollar mortgage from a subsidiary of GiveMePower, Inc. while Igwealor was the CEO of the company and Ogbozor was a director. According to the Complaint, Igwealor subsequently orchestrated sham transactions involving GiveMePower, two additional microcap issuers and a private entity that he controlled in order to obfuscate the original misappropriation, transfer the mortgage and ultimately avoid repayment. In addition, from July 2021 to February 2022, Igwealor allegedly sold approximately 663 million shares of three different microcap issuers he controlled, in excess of limitations under the securities law, applicable to him as a control person of these companies.

The SEC’s complaint charges Igwealor with violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 (“Securities Act”) and Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5 thereunder, and aiding and abetting violations of Sections 13(a) and 13(k) of the Exchange Act and Rules 12b-20 and 13a-1 thereunder, and charges Ogbozor with violating Section 17(a)(3) of the Securities Act and aiding and abetting violations of Section 13(k) of the Exchange Act. In its case against Igwealor and Ogbozor, the SEC seeks permanent injunctions, officer and director bars, civil penalties, disgorgement, and prejudgment interest as to both defendants, as well as a penny stock bar against Igwealor. The SEC’s Complaint also charges GiveMePower, Inc, Kid Castle Educational Corporation, Video River Networks, Inc., Alpharidge Capital LLC and Los Angeles Community Capital with securities law violations in connection with the mortgage-related fraud; and charges Alpharidge Capital LLC and American Community Capital, LP in connection with Igwealor’s illegal sales of securities.

The SEC’s investigation was supervised by Tejal Shah and Michael Paley and conducted by Abigail Rosen, Thomas Peirce, Ricky Tong, Leslie Kazon and Alex Lefferts of the New York Regional Office. The litigation will be led by Ms. Rosen.

This another round of stupid ass post, it's 12 million available at 1 that ain't got shit to do with retail

WoW up 9900% today!

WoW up 9900% today!

JP, not Frank. Just another round of non retail manipulation to frustrate retail into selling shares at T1. IMO there is a collection of shares happening by non retail. Those same non retail will eventually pump the pps back up to dub1 when their satisfied they have enough shares. It is then they will sell their shares back to retail.

Frank going Diddy style on yall hind parts

I agree January 3 2065 will be nice for fcgd

As I'm sure you are aware, traders will need to wait 30 days to buy back in to avoid the wash rule. As a result, the January effect is set in motion. Therefore, this is the best time to buy stocks such as FCGD at a fire sale bargain price.I think we are going to see an amazing January for the OTC, and FCGD.

This Kool-Aid turned out t be just that.

Drug M aster of nothing pumping this last year. Now bashing lol.He doesn't do any research on tickers.

Another round of shaking of the tree by a MM. They again took it down to 6 decimals, to frustrate retail, then picked up the shares that were let go by retail weak hands. Question is who are they collecting shares for? The why is obvious . $$$FCGD

Snoof77

Yikes, up only 19,000%

Since it so sick take your arse to Frank's hospital

Hospital deal is on the Horizon Frank is a master

Yikes, count the 0s after the decimal .000001 That's sick.

Oh stfu now you wanna post scam, next

Yikes, right back to no bid again. SCAM

Stfu & slap the ask sucka

Sad and most likely true.

No real buying of .0002's. They tap to .0002s to lure in .0001 buyers to take the shares they want to liquidate.

on breathing machine. but there is a pulse.

I don't recall them saying the deal collapsed. They may be negotiating a way to eliminate this dept as far as we know. Will see 👀

I don't recall them saying the deal collapsed. They may be negotiating a way to eliminate this dept as far as we know. Will see 👀

company not at work for shareholders $fcgd

I don’t get it

HOW BIG

https://www.stockscores.com/charts/charts/?ticker=FCGD

https://www.stockscores.com/charts/charts/?ticker=FCGD

Yep, that's why the deal collapsed!

Does anyone know what is going on with the lawsuit? FCGD Court order renewing an old judgement creditor for $615K. Plaintiff: Tonaquint, INC.

I told your dumb Azz that when this was at .0004

True dat.

Yeah because that is his competition. That guy should be on his own shit list.

Nah, the sellers of the .0001s keep tapping the .0002's to try to unload their 1s... Nothing to see here.

https://x.com/SharpsShitList/status/1803022281813205233/photo/1

Frank Igewealor on the list...

FCGD
First Colombia Gold Corporation (PK)
0.0002
0.00 (0.00%)
Volume: 1,486,500
Day Range: 0.0001 - 0.0002
Last Trade Time: 3:16:54 PM EDT

FCGD
First Colombia Gold Corporation (PK)
0.0002
0.00 (0.00%)
Volume: 1,486,500
Day Range: 0.0001 - 0.0002
Last Trade Time: 3:16:54 PM EDT

Hopefully on most of something.. would be a good time to run it

Are we in the mist of something??? Or are our emotions being played with???

Not sure we will see… maybe we’ll get update in next couple of years

I thought it started when they took over FCGD...I guess it's wait and see...

But the deal never closed so the 2 year no split hasn’t even started yet right?

Maybe they've finally straightened out all of the legal stuff...

On March 4, 2022, the Company elected Ambrose Egbuonu as the President and CEO of the Company with a mandate to build and operationalize certain business plans.
On November 25, 2022, the Company completed preparation of its business plan of action and started implementation. On November 25, 2022, the Company changed its business purpose from gold-mining and prospecting to become a holding company for identified hospital operations.
We believe the Company is a quasi development stage company pursuing an actual business as set forth in the Company’s Business Plan. The Company is pursuing contracts and possible acquisition or joint-venture with UMMC Corp

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v5 December 18, 2023) Page18of 24

(http://www.ummc.care), a Texas based operator of several hospitals and medical facilities. The Company is close to hiring Kuldip Singh, the CEO of UMMC Corp to become the new President of the Company and lead the Company into this sub-sector of the healthcare industry. Once the acquisition is finalized, UMMC Corp would become a wholly owned subsidiary of the Company. UMMC Corp currently operates from the corporate office located at 510 W Tidwell Rd. Houston, TX 77091.
Pursuant to the company’s move to acquire UMMC, on March 1, 2023, Alpha ridge Capital entered into a Securities Purchase Agreement (SPA) with Kuldip Singh, the control person for UMMC to sell to him 500shares of the company’s special 2021 series A preferred shares, which controls 60% of the total voting powers of the company. Subsequent to the SPA, the company also entered into an acquisition agreement with UMMC.

Once buyers and sellers have completed their due diligence, the deal will close and both company’s financial statements shall be consolidated. After closing the UMMC acquisition, the company plans on making other acquisitions of medical facilities Real Properties and other hospital and doctors’ offices operations as time and resources permits. Subsequent to the execution of the SPA, Mr. Kuldip Singh was appointed as President of the company.

https://www.otcmarkets.com/otcapi/company/financial-report/406589/content

I mean, I can see it happening...I guess they must have reached the two year mark..


FCGD Security Details
Share Structure
Market Cap Market Cap
978,133
08/30/2024
Authorized Shares
10,000,000,000
08/29/2024
Outstanding Shares
9,781,332,120
08/29/2024
Restricted
598,573,182
08/29/2024
Unrestricted
9,182,758,938
08/29/2024
Held at DTC
7,990,188,460
08/29/2024
Float
9,182,758,938
03/05/2024

interesting $FCGD

So, they removed this from the, Pin, maybe a Reverse Share is in the making...


..Acquis Replying to @opportunityzon Sticking point: @Alpharidge_Cap wants to ensure that EXISTING SHAREHOLDERS ARE PROTECTED in all merger transactions. Thus, it intends to include a Restrictive Clause, forbidding Reverse-Splits for two years minimum after closing the deal, in all of its merger agreements.

I am curious to know who would sell a this price the cost to trade was more…

Unfortunately :(

But there is always catalyst of OTC companies paying off huge debt which sparks a pump. We will just have to find out the hard way

Agreed he just needs to stop dragging this one along

Ready for something brand new out of the box. Nothing washed and rinsed a dozen times. Hand me downs are fine but something new is always a treat.

He won't though... sigh...