Phoenix Fund Management LLC was incorporated in Delaware
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Phoenix Fund Management LLC was incorporated in Delaware on May 11, 2015
You could contact the Delaware SOS and order a copy of the Articles of Incorporation and annual reports if you really want to know, but the articles of incorporation might just have the name of some person from the resident agent, and Im not sure if they have filed any annual reports or corporate updates since being registered.
The website ) was registered the same day (May 11, 2015) but they used a private proxy so no info there.
On February 19, 2016 they registered the business in Florida since they use a Florida address in Miami
But no information there. JESSE DEAN-KLUGER is just a Miami based attorney that was hired to register the business in Florida. He isnt a part of Phoenix Fund Management LLC.
The website has a team members tab, but you need to log in to view it.
The team members tab is new so archived versions of the site dont offer us any opportunity to see if the tab can be viewed prior to a login being set-up
According to Worldflix Inc (WRFX) press releases from August and September,Gavi Silbersteinis the Portfolio Manager at Phoenix Fund Management
But other than the WRFX press release and LinkedIn page he doesnt have much of a web presence.
There is also a LinkedIN page for aMorris Silbersteinas the CEO of Phoenix Fund Management LLC
Morris also doesnt have much of a web presence outside of this. Since both LinkedIn pages say Phoenix Fund Management LLC has been around since 2012 when no corporate records exist before May of 2015 they are a bit suspicious. Its also a little strange that those LinkedIn profiles were made on the Colombian version of LinkedIn
Phoenix Fund Management LLC is involved in MYDX also.
MYDX was on the hook $250,000 to a company called Investor Relation Partners for investor relation services that this company allegedly provided back in April of 2016. That $250,000 in debt owed to Investor Relations Partners was turned over to Phoenix Fund Management LLC in May of 2016. One month later in June of 2016, MYDX started issuing free trading stock to Phoenix Fund Management to pay off the $250,000 debt. Two months seems like far too short of a time period for the debt to become free trading stock.
On April 1, 2016, the Company entered into an agreement with Investor Relations Partners (IRP), to render certain investor relations and financial communications services to the Company. IRP agreed to perform investor relations, public relations, stock surveillance and other ancillary services as requested by the Company (the Agreement). For the requested services, the Company was to pay IRP a one-time payment of Two Hundred Fifty Thousand Dollar ($250,000) (the Claim) upon the signing of the Agreement.
On May 24, 2016, the Company and Phoenix Fund Management, LLC (Phoenix Fund) entered into a Claim Purchase Agreement with IRP to purchase the Claim held by IRP. Phoenix Fund executed a Settlement Agreement (the Settlement Agreement) whereas the Company and Phoenix Fund agreed to resolve, settle and compromise the Claim. In settlement of the Claim, the Company shall issue and deliver to Phoenix Fund shares of its common stock as requested by Phoenix Fund, periodically, at a fifty percent (50%) discount from the average closing price of the Companys common stock for the three trading days prior to the date of issuance.
On June 13, 2016, Phoenix Fund elected to have the Company issue1,041,348 free trading shares of the Companys common stock in exchange for retirement of $72,895of the initial Claim. As a result, the Company recorded a loss on debt settlement of $73,935 reflecting the difference in the discounted conversion price and the market price.
Quote:On May 24, 2016, the Company and Phoenix Fund Management, LLC (Phoenix Fund) entered into a Claim Purchase Agreement with these PR Resources to purchase the Claim held by them. Phoenix Fund executed a Settlement Agreement whereas the Company and Phoenix Fund agreed to resolve, settle and compromise the Claim. In settlement of the Claim, the Company shall issue and deliver to Phoenix Fund shares of its common stock as requested by Phoenix Fund, periodically, at a fifty percent (50%) discount from the average closing price of the Companys common stock for the three trading days prior to the date of issuance.
During the three months ended September 30, 2016,Phoenix Fund elected to have the Company issue 18,828,088 free trading shares of the Companys common stock in exchange for retirement of remaining balance of the initial Claim. As a result, the Company recorded a loss on debt settlement of $202,933 reflecting the difference in the discounted conversion price and the market price.
Investor Relation Partners uses the following address in California
That address takes us back to the archived versions of the Phoenix Fund Management LLC website where you see Phoenix Fund Management LLC at one time used that very same address:
Investor Relation Partners is run byPhillip SugarmanandHarry Tajyar(but it looks like Phillip Sugarman may have left in the past couple of weeks)
And look they have an office in Miami and another in Hong Kong. They also have 20 years experience.
Apparently MYDX liked their arrangement with this very suspicious Phoenix Fund Management LLC company because on October 5, 2016 MYDX worked out another deal with Phoenix Fund Management LLC for Phoenix Fund to take over some debt owed to a consulting company named Lynx Consulting Group, Ltd that uses a known money laundering address in Belize.
On April 3, 2016, MYDX agreed to pay the Belize entity, Lynx Consulting Group, Ltd, $1,000,000 for consulting services – specifically for assistance in helping MYDX expand their business into China
According to that consulting contract, Lynx Consulting Group Ltd has links to Hong Kong and they have 20 years experience … hmmmm sounds a little like Investor Relation Partners.
On October 5, 2016 that $1,000,000 debt was reassigned to Phoenix Fund Management LLC
Quote:On October 5, 2016, the Company, Lynx Consulting and Phoenix Fund Management, LLC (Phoenix Fund) entered into an Assignment and Modification Agreement. Phoenix Fund purchased the debt claim held by Lynx Consulting from MyDx. In settlement of the Claim, the Company shall issue and deliver to Phoenix Fund shares of its common stock as requested by Phoenix Fund, periodically, at a fifty percent (50%) discount from the average closing price of the Companys common stock for the 22 trading days prior to the date of issuance. Upon execution of the assignment, Lynx released MyDx, Inc. from all liabilities under the original note.
So who is Lynx Consulting Group Ltd? They show up in one other entity – Atlas Technology International Inc (ATLT)
ATLT is still a fresh S-1 ticker with no trading history. The entity went public as Sweets & Treats Inc (SWTS). SWTS had a change of control combined with a forward split in April of 2016. During that change of control Lynx Consulting Group Ltd acquired 3,000,000 of the shares previous held by the S-1 CEO, Tiffany Aguayo, of Los Angeles, California
Signing for Lynx Consulting Group Ltd isXiaolan Wangof Hong Kong.
Xiaolan Wang also signed in SEC filings for another Belize entity called Capital Flows Ltd. Capital Flows Ltd uses the same Belize address as Lynx Consulting and owns large chunks of shares in a couple of other fresh IPOs:
Arc Lifestyle Group Inc (which never got its S-1 approved)
Nova Smart Solutions Inc (which never got its S-1 approved)
Arc Lifestyle Group Inc and Nova Smart Solutions Inc have a ton in common including:
4) Both entities hired a Chinese entity to run their business operations.
5) Both entities are made up of the same major share sellers who are mostly all Asian.
6) Both entities are using Latin nominee officers for the S-1 process
Many of the Arc Lifestyle Group Inc and Nova Smart Solutions Inc insiders like Dominguez Cinta Abraham, Rory Man Lok San, and Xiaoyue Zhang also show up in the filings for Golden Valley Development Inc (GVDI) , Go EZ Corp (GEZC), E-Waste Systems Inc (EWSI), and Tanke Inc (TNKE) which all amounted to just pink sheet junk that got diluted to pretty much worthless.
Not sure how much any of that helped, but I find a few things interesting.
1) The fact that Phoenix Fund Management LLC once shared the same address as the MYDX investors relation firm, Investor Relation Partners, and the $250,000 owed to Investor Relation Partners for their services was transferred to Phoenix Fund Management LLC who almost immediately took the barely aged debt and started turning it into super discounted free trading stock.
2) The fact that MYDX gave a $1,000,000 note to a Belize entity using a known money laundering address then that note was transferred to Phoenix Fund Management LLC
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