American Premium Water Corp. (HIPH)

[Fornick8]

Shareholder lawsuit and share structure:

O/S 12,700,418 as of 8/29/2014, O/S has increased by almost 1,200% since reverse split in February 2014. A/S raised again...

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=DQxp3jnmejSjWQopQ%252bjRnA%253d%253d&CorpName=AMERICAN+PREMIUM+WATER+CORPORATION

Canouse v. American Premium Water Corporation 

http://ia902305.us.archive.org/34/items/gov.uscourts.gand.207913/gov.uscourts.gand.207913.1.0.pdf

34. Both the May 29, 2014 and June 3, 2014 notices of conversion were ignored by APWC.

35. APWC refuses to honor Canouse’s conversion notices as described above.

36. Nevertheless, APWC and Culbreth are allowing friends and family of Culbreth to convert and otherwise freely sell their shares.

37. Upon information and belief, APWC and Culbreth are issuing shares in APWC to repay debts owed by Culbreth personally or through other nonAPWC affiliated entities.

52. Based upon the notices of conversion already ignored by APWC, Canouse has been injured in an amount to be proven at trial, but not less than a total of $1,942,000.

66. Accordingly, adherence to the corporate fiction will allow Culbreth to commit fraud and injustice upon Canouse and other innocent shareholders.

67. Culbreth admitted his intentional and illegal stock manipulation scheme on several occasions. A true and correct copy of an email exemplifying the scheme is attached hereto as Exhibit C.

From Exhibit C: Al Culbreth writes: "I have a large investor who has written a six figure check and is committed to more funding but only if I keep the share price above $1"

So Al refused to convert shares as a means of manipulating share price.