Prime Star Group (fka PSGI)

[LVTruthSeeker]

Citron Research Stocklemon Report AMWS...working link to a must read article on Roger Mohlman:

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Stocklemon Reports on American Water Star Inc (AMWS) Part I
Posted in Citron Reports by Stocklemon on the October 27th, 2003
stock ticker: AMWS

CEO Of American Water Star Inc (OTC: AMWS) is a Notorious Con-Man.[color=red][/color]
A recent high flyer on the OTC has been American Water Star. With over 50 mil shares outstanding, this startup water company has a valuation of over $60 mil. But look who is at the helm of this ship.

Roger Mohlman.the San Diego Granite Man
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Before Roger Mohlman was the CEO and largest shareholder of American Water Supply, he was the notorious Sand Diego “Granite Man” who was originally charged with 48 counts of Fraud.

For the whole story on Roger Mohlman click below.

http://www.thesandiegochannel.com/troubleshooter/1727034/detail.html - unfortunately this link to the video is no longer working.

No where did Mohlman disclose this is any filing. This is material information. But what is an SEC violation to this guy. Hey, anybody need some granite?

This is not the first time that Mohlman has had a run-in with the law. Mr. Mohlman is supposed to have an illustrious career in licensing products. Obviously, no one has contacted the people at B.U.M. about this. According to the LA Times.

HUNTINGTON BEACH Alleged Counterfeit Shirts Are Seized

249 words
7 August 1992
Los Angeles Times
Orange County
2
English
(Copyright, The Times Mirror Company; Los Angeles Times 1992 All Rights Reserved)

State authorities have seized an estimated $200,000 worth of counterfeit B.U.M. T-shirts from a clothing designer here, the attorney general’s office said Thursday.

The 10,000 T-shirts with the B.U.M. trademark were seized Wednesday at University Jeanswear on Oceanus Drive, said Dave Genens, special agent in charge of the attorney general’s Bureau of Investigation.

The shop owner, Roger Mohlman, said Thursday that he was surprised by the seizure, adding that state investigators misunderstood why he had the T-shirts in his shop.

Mohlman said he had a contract with Shorebreak, a San Diego distributor of B.U.M., to make 48,000 of the trendy, loose-fitting shirts. During production, Mohlman said, Shorebreak canceled the order, leaving him with thousands of shirts that had no buyer.

“I just couldn’t afford to sue Shorebreak for breach of contract,” Mohlman said.

Mohlman said that when he talked to B.U.M representatives about the contract, they could not offer any help.

Mohlman, who said he does not have any quarrel with B.U.M., added, “You talk about David and Goliath, I’m David without the slingshot.”

Officials with Shorebreak could not be reached for comment late Thursday.

The attorney general’s office said Mohlman legally manufactures sportswear for the National Football League and National Hockey League, but has no legal agreement with B.U.M.

Stocklemon will do more searching into the business of American Water Star, but what else does a cautious investor really have to know.