mahatmapaul
20 hours ago
more red flags about Craft Capital Management LLC
from https://www.secatty.com/investigations/david-cohen-craft-capital-management/
DID DAVID MATTHEW COHEN CAUSE YOU INVESTMENT LOSSES?
David Cohen Of Craft Capital Management LLC And Formerly With Spartan Capital Securities, LLC Has 5 Customer Complaints For Alleged Broker Misconduct
Who is David Cohen of Craft Capital Management LLC?
David Cohen (CRD #5858234) who is currently registered with Craft Capital Management LLC and located in Garden City, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Craft Capital *Management LLC, David Cohen was associated with Spartan Capital Securities, LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
David Cohen Customer Complaints
David Cohen has been the subject of 5 customer complaints that we know about, 1 of those complaints was filed in the last year to recover investment losses. Four of David Cohenโs 5 customer complaints were settled in favor of investors. One of David Cohenโs customer complaints was denied and, to date, the customer has not taken any further action.
Allegations Against David Cohen
* Excessive commissions, unauthorized trading, and failure to place stop loss order
* Unauthorized trading
* Excessive trading and improper use of margin account
* Misrepresentation of account value
The allegations made by customers are red flags which should put all current and former customers of David Cohen at Craft Capital Management LLC and Spartan Capital Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether David Cohen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Craft Capital Management LLC and Spartan Capital Securities, LLC also raises questions about the brokerage firmsโ supervisory practices.
laraz5
1 day ago
Who is Steven Joel Shmulewitz of garden city NY a stockbroker with Craft Capitol management LLC?
I'm looking at this person FINRA history and apparently Michael O'Shea does not do DD when retaining these companies?
Let's take a peak at this person's history?
Settled for 30k Dec 2016 for failing to execute stop loss orders?
Settled for 27k in damages for misrepresenting over the counter equities Jan 1998
Nov 2000 16,500 in damages misrepresentation of equity investments?
Jan 2016 Settled for 125,000 in damages for breach of fiduciary duty, breach of contract, equity trades in investment account without authorization?
July 2015 Settled for 20,000 charging customer with excessive commissions?
52,800 in damages for utilizing margins in customers account without authorization 2016 june?
All these settlements are based upon allegations?
Are you kidding me? Is this who a board of directors thought could help?
IMO
creakyhottie
2 days ago
A bit more detail: MAULDIN, SC / ACCESSWIRE / June 6, 2024 / Xcelerate, Inc. (OTCQB:XCRT) today announced that they have retained Craft Capital Management, LLC ("Craft Capital") to provide investment banking services, help in facilitating a capital raise and other advisory services. Craft Capital, based in Garden City, New York, is an independent full-service securities brokerage firm engaged in a variety of activities, including retail and institutional brokerage, investment advisory services, private offerings, national exchange up-listings, IPO's and other investment banking activities.
Mike O'Shea, Xcelerate's CEO said "Craft Capital is the perfect partner for us and our partnership with Craft Capital will enable us to raise capital and up-list to a national exchange. With Craft Capital as our investment banking partner, we believe we have all the right tools in place for us to properly execute on our corporate vision. I am thrilled that we were able to engage Craft and we look forward to achieving the future growth of our company."
Investors and stakeholders are encouraged to stay updated on the latest developments by visiting the Company's website at https:/xcelerate.global/.
ABOUT XCELERATE INC.
In May 2020, Xcelerate commenced implementation of a new business plan that integrates innovative non-medical technologies into medical applications that enhance patient care and drive recurring revenues, including (i) owning and licensing the rights to various forms of medical equipment and portfolio of patents, patents pending and technology licenses and (ii) development of virtual health technology to assist patients in developing countries obtain medical care by extending the reach of physicians through the use of that technology. For more information visit www.xcelerate.global or contact us at 854-900-2020 or email info@xcelerate.global.
ABOUT CRAFT CAPITAL MANAGEMENT, LLC
Craft Capital Management is a full-service broker dealer and investment bank. Areas of focus include numerous growth sectors such as biotechnology, consumer goods and services, retail, financial services and business, technology, healthcare, medical device, and other categories. Craft Capital Management assists companies with corporate finance services, including initial public offerings, follow-on offerings, private placements, and financial advisory services.
SAFE HARBOR
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and actual results may differ materially from those projected in forward-looking statements resulting from various factors.
SOURCE: Xcelerate, Inc.
mahatmapaul
2 days ago
this O'Shea has been a huge disappointment since I bought in about 4 or 5 months ago. I'm now down 68%. The pro-XCRT folks on this board were giddy, even ebullient, with all the absolutely guaranteed great things going to happen "now". Now is taking a long time, and frankly, I don't like the kicking the can down the road (in the case of Africa, it's just a little too obvious and boilerplate).
Is O'Shea going to come through? Obviously, there is a core of true believers who maintain absolute faith in him. I don't, but I'm hoping he starts showing some results.
wxdog
3 days ago
SS Updated yesterday! Not a single share has been added to XCRTโs share structure so far this whole entire year!!!
FACT!!!
XCRT SECURITY DETAILS
Share Structure
Market Cap Market Cap
7,385,583 06/04/2024
Authorized Shares
1,000,000,000 06/04/2024
Outstanding Shares
434,446,072 06/04/2024
Restricted
288,289,635 06/04/2024
Unrestricted
146,156,437 06/04/2024
Held at DTC
123,962,566 06/04/2024
Float
113,254,437 12/31/2023
Par Value
0.0001
https://www.otcmarkets.com/stock/XCRT/security
Faith007
3 days ago
Harbinger Research Issues Correction Notice for Research Report issued today pertaining to Xcelerate, Inc. (OTCQB: XCRT)
Tuesday, 04 June 2024 06:45 PM
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Topic:
Company Update
ATLANTA, GA / ACCESSWIRE / June 4, 2024 /ย Harbinger Research, a respected equity research firm, today issued a correction to its recent report on Xcelerate, Inc. (OTCQB:XCRT). The correction addresses a clerical error pertaining to the revenue forecast model presented on the front page of its report.
Upon review, it was discovered that Harbinger Research's revenue estimates for ESN, one of Xcelerate's subsidiaries, were presented for the years 2025, 2026, and 2027 as if they were Harbinger's estimates for Xcelerate, Inc., ESN's parent company. This was a clerical transcription error that affected only the financial model on the front page of the report, and not the full model presented on page 15 of the report, which presented the correct revenue forecast numbers for Xcelerate and its two subsidiaries.
We have corrected this error on the report's front page and reposted the updated report on our website as of market close today. Harbinger Research deeply regrets any confusion this clerical error may have caused, and emphasizes that its correction of the front-page model's revenue forecasts for 2025, 2026, and 2027 in no way constitutes a change in Harbinger Research's original forecast numbers that were correctly displayed on page 15 of the report, research rating, or opinion of Xcelerate, Inc.
Harbinger Research was not commissioned by Xcelerate, Inc. to produce its equity research report, but rather was hired by a third-party as originally disclosed on page 17 of its original, uncorrected report.
For further information, please contact:
Brian R. Connell, CFA
Senior Research Analyst
brian@harbingerresearch.com
(770) 766-1177
SOURCE:ย Harbinger Research, LLC