Mining City confirms shell company registered with SEC

Yesterday BehindMLM revealed an article exposing Mining Metropolis mendacity about being registered with the SEC.

Inside hours of the article going stay, “Media Mining Metropolis” despatched us a response e-mail.

As per the e-mail, Mining Metropolis disputes affirmation from Oliver Leonardo, the Officer-in-Cost of the SEC’s Enforcement and Investor Safety Division, that Mining Metropolis isn’t registered with the SEC.

We should stress that the contents about Prophetek’s (Mining Metropolis) skilled exercise, which you’ve got talked about in your new article are unfaithful and deceptive.

Mining Metropolis is happy to announce the profitable registration with Philippines Securities and Alternate Fee (SEC). It signifies that Mining Metropolis is working with acceptable license in Philippines and the Philippines SEC warning is now not efficient.

We encourage you to replace your article. Please observe that we’ll be pressured to sue you for infringing private rights if our request isn’t fulfilled.

Kindly discover hooked up, PROPHETEK MINING CITY Registration Software Type for the Securities and Alternate Fee in Philippines. All delicate information within the doc has been coated.

At the beginning there’s nothing unfaithful or deceptive about yesterday’s article. Mining Metropolis isn’t registered with the Philippine SEC, and that’s from the SEC themselves.

Mining Metropolis isn’t registered to supply securities in another jurisdiction, so it has been and continues to commit securities fraud the world over.

Connected to Media Mining Metropolis’s e-mail is an interim registration affirmation for “Prophetek MiningCity, OPC”.

Prophetek MiningCity, OPC is a shell firm included within the title of an undisclosed Philippine citizen.

As mentioned yesterday in our article, creating a neighborhood shell firm and registering it with the SEC is meaningless as a result of:

  1. Mining Metropolis is the MLM alternative with the hooked up BTCV funding alternative;
  2. Mining Metropolis is subsequently the corporate providing unregistered securities;
  3. no one has invested in Prophetek MiningCity, OPC;
  4. no one receives funds from Prophetek MiningCity, OPC;
  5. due to factors 3. and 4., Prophetek MiningCity, OPC can’t present audited monetary statements backdated to a minimum of mid final 12 months, proving exterior income is getting used to pay withdrawals.

Moreover, as you’ll be able to see from the screenshot above, Mining Metropolis’s BTCV funding scheme isn’t talked about on Prophetek MiningCity, OPC’s interim SEC registration doc.

In abstract, with respect to securities regulation of Mining Metropolis, the SEC registration of Prophetek MiningCity, OPC is meaningless.