Did the men running micro stock Pure Hospitality Solutions miscalculate when they allowed Eric Noveshen manipulate a financial report to meet the needs of the defamation lawsuit he filed this year?
Noveshen had a hand in falsely writing into quarterly and annual financial disclosure reports for PNOW that the company severed ties with him. “The company unilaterally determined to retroactively terminate the consulting agreement with this consultant due to certain groups of individuals that are posting false and defamatory attacks about the company which are somehow tied to this consultant.”
Read it out loud, it is not only out of place it shows that they allow manipulation of financial reports. Thus adding credibility to hundreds of online claims made during the last four years that PNOW is a penny stock that has manipulated financial disclosure.
It’s no secret that Noveshen and his longtime friend and business associate Ajene Watson are part of the consulting team pulling the strings behind the penny stock PNOW. It’s been documented all over for years before Noveshen claims the “false and defamatory remarks” were put on the internet about him.
Hey, Noveshen needs to add a few words to a company financial report to make a court believe he had damages, no big deal, anything for a friend.
In allowing PNOW to become part of Noveshen’s case is like putting it on trial for being a pump and dump. At very least it keeps PNOW in the public discussion and knows when the SEC or FINRA started looking.
The lawsuit that crawls under Noveshen’s skin due to all the public commentary about it on the internet is called Allen v. Ajene Watson, et al. It was filed in Florida in 2012 and internet commentary began immediately and never stopped.
That lawsuit detailed how Noveshen, Watson and others sweet talked their way into becoming the “consulting team” for penny stock company Simulated Environment Concepts, SMEV, in 2009, then set in motion a “pump and dump” scam. It also states that the group, including Noveshen and Watson did similar scams on other companies, Edoorways, EDWY and Oriens Travel – which changed its name in 2014 to Pure Hospitality Solutions, PNOW. Likely because the owner of the company, Allen Licht was acting as his own lawyer, it goes into the most minor details of how they pulled off the scam. Including inserting a transfer agent who would play ball, Christopher Day, (who recently got in trouble with the SEC). They also “inserted” Noveshen’s mother as the book keeper.
These facts and opinions have been written about since 2012. Is Noveshen going to sue everyone who ever wrote that Edoorways, Simulated Environment Concepts and Pure Hospitality Solutions were pump and dump scams? If so he needs to add a lot of names to the defendant list.
What a hoot!
** Below, readers thoughts on the subject
“This is NOT AT ALL a good thing for Gary or EDWY. Ajene Watson was a “consultant” for EDWY, so they really cannot claim ignorance on this one.”
“This makes me happy that the scum that have been doing this are getting busted, but I do feel bad for the innocents that will learn about stinky pinkies the hard way.
All someone has to do is read the lawsuit. Again has nothing to do with edwy. Mentioned that edwy was a victim. The whole thing is much to do about nothing really. Just noise.
See GARY was 100% RIGHT HERE! EDWY has nothing to do with that lawsuit first off. You cant twist this any other way.
Remember back 3 years ago when watson and Ian mitchel tried to take over EDWY. EDWY’s complaint was a failed take over attempt. This just adds to Gary’s claim about these scum bags. Now here is proof about the whole thing. Watson and Mitchel are apparently getting theres. Karma is a b*tch!
Its seems someone else had problems with these guys, not just EDWY.
More proof! Makes me feel good!”