Another excerpt: Jerry and his pals the Radcliffe's - they were dumping over 100mm shares valued at 200G's - 0.0018 and collected over 4.5mm- at that time they had a tad less than 20% of outstanding stock - Jerry flat out screwed over we the shareholder and Company management..
48. So, at this time Li is currently an executive vice president of Rocky Mountain and is the holder of 10,000,000 shares of Stock purportedly granted to Li at Grisaffi’s direction in consideration to assigning and facilitating the sale of Series A Shares of Stock in Rocky Mountain which was supposed to raise money for Rocky Mountain. Li never raised money for Rocky Mountain after LSW Holdings, LLC, acquired the Series A Preferred Shares. Thus the stock was issued to Li for no consideration.
49. Epic was the holder of 11,000,000 shares of stock purportedly granted to Epic by Grisaffi in consideration assigning and facilitating the sale of Series A Shares of Stock in Rocky Mountain which was supposed to raise money for Rocky Mountain. The stock was issued on March 27, 2017. Epic never raised money for Rocky Mountain and thus the stock was issued to
Epic for no consideration. Epic subsequently conveyed the 11,000,000 to the following persons in the following amounts: Kenneth Radcliffe (nephew of Radcliffe)– 2,000,000 shares, Dennis Radcliffe (son of Radcliffe) – 2,000,000 shares, Phil Uhrik (Radcliffe’s son-in-law) – 2,000,000
shares, Crackerjack Classic, LLC – 2,750,000 shares (an entity controlled by Radcliffe), Frank Izzo – 225,000 shares, Morgan Albright – 500,000 shares, John Garrison – 803,000 shares, Michael Radcliffe (son of Joe Radcliffe) – 500,000 shares, BB Winks – 222,000 shares. Such
persons, as insiders and affiliates of Radcliffe, had or are charged with knowledge that the shares were never paid for and that Epic had no legal right or title to convey them to subsequent purchasers.
50. During the three years that Grisaffi ran the Company as Chairman of the Board post-bankruptcy, the outstanding shares grew from 202,433,700 on July 11, 2014 to 796,025,118 on June 30, 2017, or 593,591,418 shares. See Exhibit “J”. Of the total shares issued, 19.15% was issued to the Radcliffe Group, which includes Dennis Radcliffe, Kenneth Radcliffe,
ORIGINAL PETITION, Page 15
Universal Consulting, LLC and Crackerjack Classic, LLC. The total consideration received by the Company directly was $145,000, or $.0025 per share. Grisaffi also arranged for the Radcliffe Group to amass stock through acquiring convertible notes from other convertible note
holders. Total debt that came off the books was $56,500 for 56,500,000 shares, which is a basis of $.001 or par. Grisaffi conducted a conspiracy with Joe Radcliffe in granting these shares to the Radcliffe Group to the detriment of the Company.