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GDVM CEO steps down. LOL The spam and fraud stories are catching up to him.
Red Truck linked to Vancouver lawyer Briner
Red Truck Entertainment Inc (U:RTRK)
Shares Issued 17,308,000
Friday March 30 2007 - Street Wire
by Mike Caswell
Arizona-based Red Truck Entertainment Inc., one of 35 spam stocks the U.S. Securities and Exchange Commission suspended this month in Operation Spamalot, can be traced to Vancouver. John Briner's Global Developments Inc., which invests in start-ups, has substantial ties to the company.
Operating from an office in Vancouver, Global Developments has invested in many diverse stocks, including Red Truck. It has backed a purported hockey league, a company that makes a herbal version of Viagra and a company that claims it can make biodiesel from algae.
Investors in these companies may not have done so well. The hockey league, World Hockey Association Corp., trades under a penny, off a $2 high from last June. The herbal viagra company, Biolife Remedies Inc., trades at 34 cents, off a February high of $1.65.
Red Truck went public in a reverse takeover on Feb. 12, debuting at $1, but quickly falling to 60 cents. The company says it publishes songs and films, but with no financial statements it is difficult to verify its revenues, if any.
Global invested in Red Truck's privately held predecessor last year, buying 2.1 million shares in February and 2.8 million shares in June. Presumably these translated to shares in the current public company.
Nobody at Red Truck would talk about its Operation Spamalot suspension, but in a news release the company tries to distance itself from the spam, blaming e-mails that touted its public predecessor, Falcon Energy Inc.
Current management of Red Truck appears to have had little to do with Falcon, but Mr. Briner has been involved with it since at least 2004. Working from an office at 999 West Hastings St. in Vancouver, regulatory filings show he served as legal counsel to Falcon and as a director of its predecessor, Montana Oil & Gas Inc., as they plunged in value.
Montana fell from 50 cents to 24 cents during a three-month spam campaign in 2005. After a 1:100 rollback it became Falcon Energy in April, 2006, and spammers were quickly on the stock again. Amidst a four-month junk mail campaign the stock fell from $1.70 to 12 cents.
It is not clear who the spammers might be or who owned the company's shares. It trades on the pink sheets, and its regulatory filings are sparse.
The only person that might know is Mr. Briner, who would have had access to the company's shareholder lists, but he is not talking. Messages left by Stockwatch were not returned. Those wanting to clear up problems with their investments can try to reach him at his office number, 604-685-7552. His U.S. lawyer, Lewis Carillo, was easier to reach, but he declined to comment.
Mr. Briner bills himself as a sought-after speaker on securities law, according to his company's website. He has been active in federal and provincial politics and sat on the finance committee of the Vancouver Board of Trade, the site says. He also helped found a legal ethics fraternity at the University of British Columbia. With such strong community spirit in his heart, it may be that Mr. Briner's association with stinky pinkies is that of a reformer, a do-gooder, helping the wayward mend their ways.
The company's president, Jim LeCrone, did not return messages for this story and an assistant would not discuss the suspension.
The SEC suspended 35 stocks in Operation Spamalot, 14 with Vancouver links. The commission did not lay any charges for spamming, but hinted it could be working on some.
© 2007 Canjex Publishing Ltd.
Your warning should have been heeded. RTRK was halted this morning. Another fine job by Briner and GDVM
Watch out here. Warning!!! This stock shows up as a "portfolio company" at GDVM. (Global Developments) Every stock they have claims to own or be involved in gets crushed with illegal spam and by the time it is over, the stock is on its knees.
Watch out below!
GDVM says they own part of you.
Appears Zuber Jamal used the MOGI and FCYI stock symbols to cash out and then finally sell to these Red Truck guys
No doubt this was a scam to dilute and print shares. Based on my info., the going rate for a clean shell is 500k. Appears old Zuber boy cashed out at least $2M along with selling the FCYI shell.
I'll bet RTRK will soon fall like MOGI and FCYI. What a joke this stock is! Zuber must be sipping margaritas in the Bahammas by now with his proceeds from FCYI and MOGI. Nice scam, but it was interesting to watch from the sidelines
From oil to uranium exploration in Mongolia----------now the entertainment business? The only person being entertained is CEO Zuber Jamal and his money machine printing press.
Never bought this-----thanx for the heads up------a new symbol to bash
02/12/2007 FCYI Falcon Energy Inc. Common Stock RTRK Red Truck Entertainment Inc. Common Stock 1-100 R/S **
Another reverse split coming? Lot of Zuber pump back in May 2006 and and email pump campaign in Aug. 2006 did not help this stock.
Appears Zube has to finance the old fashioned way........Print shares
Post #16 is a classic read of this company's modus operandi. Tread carefully if put money into this......Read the MOGI board
.09 from $3.00 This stock is definitely getting the Zube lube.
I told the poster "hottydogs" that Zuber is one bad weiner of a CEO. The mantra of this company seems to be (if you buy the stock) "you slip us the cash and we will slip you the weiner (stock dilution)."
OT: Had VTYE at .016 and sold at .025. Looking to get back in again. Usually don't flip so fast. I like VTYE better since it is cheaper with low downside-----78 million OS too.
Will try to get in on the cheap again if possible. Wide spreads between bid and ask lately.
Finally did buy some NNYG at .017. Holding pattern for the stock now. GLTY
Good choice to avoid this stock, hottydogs. Zuber is just one bad weiner of a CEO. Game of stock dilution and leaving shareholders penniless. Can't even call a transfer agent because the company does not have one.
Willing to bet our old pal Zuber is having a tough time getting anyone to invest in this turd due to the past history. Heard this was spammed when the stock was MOGI. Did not buy then and will never buy now.
Even pinksheets will not quote FCYI due to their questionable history.
FCYI they are pumping this to me today on email at 0.20 9th aug 2006 but having read your excellent board I am no MOGI either.
So I'll try those others.
Thanks
AA check out VTYE and EDEX as they are into a big gas drilling in NM. Could be big in the next month and both should be going up. VTYE is at .031 and EDEX is around .16. They were picking up EDEX for .14 Friday and VTYE has risen fast from .015 and just might go up some more Tues. Has a buy if on Am Bulls. I will check out your NNYG.
$3.00 to .27 cents since April. Plenty of Zuber pump in May/June to get suckers to buy, but don't think any one bought this turd. If you have to buy this, wait until 3-4 cents pre-split price before the Reverse.
Appears Zuber the Goober unleashed his PR assualt in May and is out of PR ammo.
.30 cents! Won't be long before this hits the 2 cents range and then Zuber boy can Reverse split again. Still watching
Sigh! Another Zuber job. What A putz. Does well for himself and possibly the company, but what about the shareholders? Zippo!
Same pattern as MOGI------downward spiral.
Halada, when we put $$$ into an OTC or pink, it is always 100% at risk of loss. Reverses of the 100-1 or 40-1 type.......there is virtually no chance of a comeback.
My last loss was in GLLC with multiple reverse splits in 2005. I did not have to sell. I had zero shares in the end. $3100 wiped out! Fortunately, I had a monster gain in PRVB to offset my loss. Actually, I sold all my losing peniies in 2005.
I am looking into NNYG (oil). Still have not bought yet. I would suggest selling FCYI and parking your $$$ there and hope for a moonshot. NNYG is 2-3 cents. low downside! great potential upside and you would get more shares if you sold the proceeds from FCYI for NNYG.
Trump says "limit the downside and the upside will take care of itself". Thats why I limit max investment in a penny to no more than 3k and try to get at least 100k shares of that stock. Good luck in whatever you decide to do.
I have never seen a company be so obvious as this one. They just out and out don't fool around with being sneeky. They just take your money then cancel your shares out with a reverse split. No news, no nothing just get the money and run. Its too bad there will be some investors lose again as this Mongolia deal sounds good but I would bet my life it is a scam. I really should be pumping this thing so there would be a chance of getting my money back but this is just simply a one way street. Of coarse all in my opinion but the money I have lost is verifiable and the news they put out is not. Still waiting for an update on Sylvan project.
Down to .85 cents already.......Zuber job on the stock. I see the pattern (downward spiral) of dilution. Zuber boy likes to keep the O/S in the dark so "investors" can't get a "value" on the stock.
This may be nice for those who like a good gamble and play the pops. Anyone "long" on the Zuber train will learn the hard way as this plummets again. Likely another 100-1 reverse in the future
Read the MOGI board. MOGI=FCYI
Before you invest in this company look at the old MOGI. They did a 100/1 reverse split with no warning and changed their name to Falcon Energy. DO YOUR DD ON THIS ONE.
Falcon Energy, Inc. Announces 100% Acquirement of Mongolian Mineral Exploration Licenses
Friday June 9, 4:00 pm ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--June 9, 2006--Falcon Energy, Inc. (Pink Sheets:FCYI - News) is pleased to announce that it has fully acquired the exploration licenses for five mining properties in the mineral rich region of Mongolia. Management felt that the opportunity presented by these properties was significant enough to forgo a planned participation by a second resource company. These licenses will be held for a minimum of three years and grant Falcon Energy Inc. access to the mineral rights for the licensed properties.
ADVERTISEMENT
Mongolia has a wide variety of mineral resources. As of 1998, about 88% of the country had been geologically mapped but only 20% of the country's landmass had been licensed for exploration and exploitation.
Falcon Energy's interest in the region is driven in part by the anticipation of deploying modern prospecting methods to an area that abounds in both base and precious metals. Exploitable mineral resources found in the area in which the licenses are held include: Gold, base metals such as Copper, Molybdenum, Lead and Zinc as well as Fluorite and Uranium. (see detailed maps at www.falconenergyco.com)
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.
Contact:
Falcon Energy, Inc.
Krystin Rose or Zuber Jamal, 604-628-7799
info@falconenergyco.com
100 to 1 Reverse split from MOGI. MOGI=FCYI. I would read the MOGI board on this thread before putting any $$$ into this stock. NO transfer agent is listed so I guess the OS is "Gagged"
Never owned MOGI=FCYI and stating JMHO as an FYI. I don't buy stocks when a transfer agent is "not available" or "company office." MOGI=FCYI is bomb part 2 in progress. Good luck to all who sink any $$$ into this one.
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