American Premium Water Corp. (HIPH)

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Take a look one of the players in HIPH Southridge capital Partners owns 10 million preferred and when you google them it is scam city.

Southridge Capital Management Founder Charged With Fraud Though He May Not Know It Yet

Oct. 25 (Bloomberg) -- Southridge Capital Management LLC was sued by Connecticut over $26 million in fees charged investors based on what state Attorney General Richard Blumenthal called false statements about the value of assets.


PRELIMINARY STATEMENT
1. This enforcement action concerns two unregistered hedge fund advisers
(Southridge Capital and Southridge Advisors) and their principal (Hicks) who defrauded
investors in their hedge funds in three different ways. First, they raised millions of dollars from
investors between 2004 and 2007 by promising that at least 75% oftheir money would be
invested in unrestricted, free-trading shares. Defendants failed to keep that promise, and they
placed the investors' money in so many relatively illiquid securities that by year-end 2007,
investors had submitted nearly $7 million in redemption requests which defendants were unable