TLLT Set to Sicken Trading Accounts

We issue an apropos warning of "Look out below!" for an obvious losing proposition

March 12, 2017: The long awaited pump on shares of new scheme, Telehealthcare, Inc. (TLLT) will finally launch on Monday and those dipping a cautious toe into the waters better be prepared to lose that digit.

Derek Cahill

One doesn't haven't to conduct too much due diligence to see that TLLT is your run-of-the-mill penny stock scam. For one thing, the recently filed financials show that the developer of healthcare platforms has no assets, no revenues and no operations.  In spite of this, the company boasts a ridiculous market cap of $84 million.  Expect this to disintegrate quickly as insiders will dump stock to anybody and anyone who puts in a bid during the upcoming extended pump and dump campaign.

Also contributing to our notion of TLLT's intent to massacre investors is the identity of the corporate officers.  Derek Cahill has a documented history with penny stock scams, while James Donahue serves coffee to college students. Yes, that's right.  There also appears to be some confusion as to the roles these guys play, as the OTCmarket corporate profile, lists Donahue as CEO and President, while recent filings name Cahill as CEO and President, while Donahue is listed as CFO. Only Donahue is listed as a Director, which makes us wonder if he isn't some sort of nominee on Cahill's behalf.  Profile information is provided by the company to OTCmarkets.

TLLT Profile <click to enlarge>

A self-proclaimed Startup & Online Marketing Guru, Cahill, is best known for working with notorious penny stock fraud artist, Henry Fong, in the Surgline International (SGLN) pump and dump scheme, a now defunct "provider of medical and surgical products at discount prices". Prior to permanently striking its registration, the SEC suspended trading in the scam for a lack of accurate and current information.

Another of Cahill's newly incubated issues, NuLife Sciences, Inc. (NULF) is awaiting its own turn to screw the public, while GoBig, Inc. is biding its time since filing its Form D. Cahill also describes himself as "Chief WiseSaaS" at SaaSMAX, Inc.(SAAX) now known as Noveau Ventures, a dormant pink sheet listing, having failed to file financials in two years.

TLLT and NULF share a San Clemente, CA address. GoBig shares an address with MD Capital Advisors, yet another Cahill company which proclaims to "help you navigate the process of going public and assist business owners so they can maintain control of their company". Not coincidentally, SGLN also shared MD Capital Advisors' address at one time.

Jame's Donahue's Other Job?

CFO, James Donahue, was at one time the President of now defunct issuer ATC Healthcare, Inc. (AHNA)  but he now owns and operates a coffee stand on the campus of the University of California at Irvine.  In other words, he's a barista, an odd change of career for a former public company officer and attorney. There is likely more to this story than meets the eye.

The pump and dump scheme is being launched with a promotion by the EGM Firm group of newsletters, who reports to have been paid $50,000 for a week's worth of hype.  EGM Firm is one of the companies under the Midam Ventures umbrella.  Midam has recently had plenty of its own problems with lawsuits and a halted ticker during the course of a promotion.

   » Related: The Midam Touch

With well over 150,000 shares issued and outstanding, much of which will be looking for a new home, expect the usual suspects to join in the hype over the next days and weeks and TLLT to set a course due south.