I-Man
Hickory,#2Consumer Comment
Sun, January 26, 2014
Jennifer,
We came upon your report here in doing some due diligence. We have been very concerned for some time as there is a group of us private Investors out there whom were originally invested in a stock and company named Rebuilder Medical Technologies (RBRM) for a lot of years, and back in August 2012, all of sudden that company and its stock were changed without any of us knowing this in any public PR or such as one would expect, and overnight our stock we held and had invested into was now equal shares of LGBI, Lion Gold Brazil, Inc. (LGBI); which to all our surprise had NOTHING to do with Brazilian gold mining whatsoever- our stock we had been invested into was a medical device manufacturer.... Some of us even wrote to a Dr. David Phillips who was the CEO of RBRM and all he had was excuses about how he was frustrated how his stock was descimated over the past few years and blamed shortselling groups and some banker attack even and sorry for how his stock performed and why the stock was driven down to pennies in value, and said he was able to sell his controlling shares to some other party and not list RBRM any longer on OTCMarkets. com securities site. He said we now had equal shares in some gold mining enterprise and thatw as last we heard from him.
And now since, no further word or PR's or such have come about this LGBI company and we sit with literally worthless stock in the hundreds of thousands of shares which trades on OTC markets and shows current price of around .003.
We recently noticed some activity on that stock for only 1 week, about 2 weeks back, yet our brokerages had nothing to tell us, which seemed mysterious to see, and yet in seeing this after nothing going on over a year, and being stuck with all these worthless shares, we did some DD and eventually had e-mails we sent to LGBI in Brazil for some answers and update, and surprisingly, they evidently were forwarded to a Mr. Christopher Esposito of Lionshare Ventures, LLC in Bostaon, MA !
Being involved in a past Venture Capital Funding & Project Consultancy Service myself for some years, my intuition and DD ability started, and so we looked into this because of all the confusion and concerns and mystery to be honest. Something does not make sense here, and after Mr. Esposito (who is in Boston) e-mailed us weeks later from the orginal letter we sent to Brazil HQ, it further widens this mystery for us who still own the old RBRM stock which was converted to LGBI stock and cannot do anything with it... But, in what our understanding is speaking to Mr. Esposito and his supposed background credentials, seems he is in some form of business to take majority control of certain OTC stocks and then use shell companies to do reverse mergers or reverse stock splits of those shares to re-list them on OTC at much higher prices... But, firstly, he or anyone on inside seems to be given initial convertible shares (for financial support to Lionshare Ventures) at literally zero valuation (SEC require certian number of Investors to create ticker listing symbol?), so when the real publicly tradeable shares come to market for the general public to list on say OTC exchange, they who had those convertibles then receive equal amount of the listed public listed shares at the current, usually much higher opening listed price, and then sell off making massive profits and walk away; whicle the general public who invests seeing this, sees initial strength in the stock listed and keeps buying, but then the buying dries up, the stock sits, and slowly decays back down to literally worthless value with no PR's coming or company updates as expected. Then the whole process restarts again, picking up massive amounts of ruined OTC listed stock, re-list under new ticker, get private Investors to financially support you doing so to meet SEC listing requirements and give THEM the convertible shares before the real listed public shares are available, draw public in after the IPO, convert those convertibles into equal shares of the now listed common shares and sell those into that new public listing, etc....WASH, RINSE, REPEAT
At least this is what we can summise of all this and what Mr. Esposito speaks of, sounding more like a penny stock Promoter and Salesman trying to pull in private capital investors beforehand to meet SEC listing requirements of said company and its soon-to-be listed ticker on the exchange.
From SEC OTCMarkets.com Board::
REBUILDERMEDICAL TECHNOLOGIES, INC.
CHANGES NAME TO LION GOLD BRAZIL, INC.
Stock Symbol Changes to LGBI
and
The Company formally enters the Brazilian Gold Mining Markets
Boston, MA, August 27, 2012– Lion Gold Brazil, Inc. (Symbol: LGBI, formerly Rebuilder MedicalTechnologies, Inc. symbol: RBRM; OTCMarkets/Pinksheets) (liongoldbrazil.com) announcedtoday that it has effectuated a name and stock symbol change, effective August23, 2012. This was done as a reflection of the change of direction of theCompany, as the Company formally enters the Brazilian gold mining marketplace.
The name and symbol change arepart of the overall change in corporate direction of the Company. Since June, 2012, the Company as been workingto acquire 100% of Lion Mineralization, Ltd. As a part of the acquisition, themanagement of Lion Mineralization, Ltd. replaces the previous operatingofficers and directors of the Company, and is now headed by Reuven AbrahamAbergel. The Brazilian company will remain a fully owned subsidiary of parentcompany Rebuilder Medical Technologies, Inc., now Lion Gold Brazil, Inc.
The name change and symbolchange were part of the potential closing of the transaction; there are severalother conditions precedent in the transaction that will now allow it toformally close. Further disclosure about the transaction, when it officiallycloses, will be made in the Company filings with OTCMarkets.com.
Lion Mineralization Ltd. is amineral exploration company with interests in gold exploration and developmentproperties in three mineral provinces in Brazil. These interests include the Heitoraí projectin the GoiasState, totaling roughly 1,948 hectaresor (approximately 4,815 acres) and is located in a major gold producingmineral province with producing mines.Other interests include the Agua Branca project totaling roughly 10,810hectares (estimated 26,700 acres) in the vicinities of Eldorado and Magellan. Also,Lion Mineralization has interests in the Bom Jesus project is located on thesouth portion of the TapajosGoldProvince,the southwest portion of Pará State, Brazil. LionMineralization has a total of four (4) exploration leases totaling 39,735hectares, (over 98,000 acres). Lion Mineralization plans to acquire additionalproperties in some of the most mineral prolific regions, mainly the SerraPelada area of the Carajas region in Para, Brazil.
More information about theCompany can be found at liongoldbrazil.com.