Supatcha Resources Inc. (SAEI)

[overachiever]

SAEI DD: THE DOWN AND DIRTY TRUTH

This is an edited post from Nodummy who put this outstanding due diligence together. I have removed the small portion which would be considered to be a violation of privacy and thus a violation of IHUB TOS

Posted by: nodummy
In reply to: None Date:12/15/2010 12:14:37 PM
Post #5739 of 5740


SUPATCHA RESOURCES INC (SAEI) - THE FULL STORY - SO FAR


SAEI first came to my attention with the PR about Russian Billionaire Mikhail Prokhorov. I immediately spotted some errors in the PR. They had made subtle changes to some of the information. Name Prokhorov's company misspelled, Prokhorov's name spelled with the 'h' left off, and they misrepresented Prokhorov by calling him the 5th richest man in Russian instead of the 2nd richest man in Russia.

That caught my attention because it seemed intentional probably because the PR was a lie and they wanted to try to protect themselves if that was ever proven true. From there I studied the previous PR about the geologist report. Anniebonny had already uncovered lots of errors that popped up in the previous PR. The address for the geologist they listed led me to a geologist company with a similar but different name. The name of the geologist listed for that company was changed from Greg to Graig in the PR. SAEI changed the phone number and fax number each by 1 digit, and they used a different email for their Graig and a ridiculous free email from email.com using their generic geologist.com domain for the mail server.

I posted my finding in this post and the fireworks on the SAEI forum began:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57635342

Next I looked into the two biggest shareholders listed for SAEI - Anthera West Capital Inc and Massey Asset Management Ltd

I noticed that the addresses to both companies listed are real and match up to other businesses in Panama. Businesses related to offshore accounts/investment centers. Makes money laundering to offshore accounts in Panama seem like a very likely possibility:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57655758

Friday night, Greg Parham returned my email verifying that his name and his company's name were both used fraudulently by SAEI proving that the geologist PR was a lie.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57642171

Greg Parham also added a notice on his website:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57684374

Mikhail Prokhorov would also end up weighing in with press releases denying his involvement and association with SAEI and a statement on his website:

http://www.bloomberg.com/news/2010-12-14/billionaire-prokhorov-denies-making-offer-for-denver-s-supatcha-resources.html

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57768100

Some Penny Stock articles:

http://pennystockhaven.com/active-penny-stocks/anyone-home-at-supatcha-resources-inc-otcbb-saei/

http://pennystockhaven.com/active-penny-stocks/lights-out-for-supatcha-resources-inc-otcbb-saei/

Now that all the Press Releases were proven to be frauds it was time to start tracking down the people behind the scam.

It quickly became known that some on the SAEI forum were involved. They were told the PRs hours before they were published.

A quote from one of them:

"You know, they could have converted the 5 million into stock and offshore it went, Why else would they state that the shares underlying the convert couldn't be sold in the U.S. Easy overseas to get it done without the transfer agent here."

Todd Hirschy:

Promoter thewallstbulls = William Todd Hirschy (goes by Todd)

http://thewallstbulls.blogspot.com/

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7605043
You'll see the signatures of William Todd Hirschy at the very bottom of the 8K

4 millions shares from SAEI to promote the stock

Here is their articles of incorporation in Florida:
http://sunbiz.org/pdf/00259089.pdf
Interesting that it was incorporated on 12/2/10 after the contract was signed with Supatcha Resources Inc. on 11/16/10
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7605043
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&;inq_doc_number=P10000097995&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=WALLST&names_filing_type=

March Shareholder meeting appears to be a fraud too:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57693604


More signs of Fraud - the NI 43-101 reports shows hints of plagiarism:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57777798


Melco Investments, Ltd.

http://www.sec.gov/Archives/edgar/data/1443105/000114420410059380/v202178_10q.htm ?
FINANCING
??b) On April 7, 2010, the Company announced the execution of an agreement with Melco Investments, Ltd. (“MIL”), providing for a $10,000,000 financing. This financing is in the form of a convertible debenture with terms stipulating an interest rate of 8% and a loan repayment term of 24 months from the date of execution of the agreement, by way of cash or through the conversion of shares of the Company’s stock. The repayment terms of the financing are amenable to the Company’s property development schedule and to future financings plans to retire the debt.
The securities potentially offered to the investor, under the terms of the financing, will not be registered under the Securities Act of 1933 as amended (the "Act"), and may not be offered or sold in the United States absent of registration, or an applicable exemption from registration, under the Act
As of August 31, 2010, $5,000,000 of the proceeds have been received the Company.

*****I am all but certain it was a play on words

They wanted people to believe it was really Melco International Development Ltd from out of Hong Kong who does have a history of such transactions with other companies



More on SAEI:

They are incorporated in Nevada. They let their business go default in the state of Nevada several months ago (8/31/10 by not turning in the required list of officers due.

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=eC9bzWvFzQNFbD1WyIBPYg%253d%253d&nt7=0



They use a virtual office:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57651200

Their previous office in Canada belong to a used car dealer called Auto One Car Care.

According to the SEC filings the former CEO, Donald Axent owned and operated Auto-One Care.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57762498


Steve Talley:

I located Steve Talley in Santa Barbara. He is involved in Real Estate:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57680799

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57680332

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57680060

http://www.myspace.com/423018596

Steve Talley denies any involvement in SAEI and not surprisingly he name was removed from the SAEI website as an officer on December 12th and an 8K for the even was subsequently filed on December 13th back dated to October 15, 2010

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7605070



Michael Berry:

Located Michael Berry in Colorado. He is also involved in Real Estate:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57699074


Time to dig deep. Who was behind things way behind the scenes?

Dale Bernhart

Dale Bernhart registered the domain supatcharesources.com hosting it from out of Panama

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57654772

Other sites hosted by Dale Bernhart:

navajowindenergycop.com
supatcharesources.com
southridgeminerals.com
suppatriangle.com

All sites hosted by the same IP and PTR:

aztekkagold.com
aztekkaresources.com
cascade-energyinc.com
esensuelle.com
fidelisenergyinc.com
navajowindenergy.com
primegenenergycorp.com
sledgehammervodka.com
southridgeethanol.com
southridgeminerals.com
supatcharesources.com
suppatriangle.com
teleologic.biz

This is key and led me to Southridge Enterprises, Inc (SRGE)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57767038

This seems to be the next gold mine scam run by the same people taking over where SAEI left off.

Longview Communications is paying for the Paid promos of SRGE

Longview Communications also paid for some paid promos for SAEI and FDEI (Fidelis Energy)

Longview Communications is a California Business Entity:

Incorporated by Neeraj Iyer, Longview Communications, Corp. is located at 73 Bunsen Ste 208 Irvine, CA 92618. Longview Communications, Corp. was incorporated on Wednesday, January 14, 2009 in the State of CA and is currently active. William B Barnett represents Longview Communications, Corp. as their registered agent
Entity Name: LONGVIEW COMMUNICATIONS, CORP.?Entity Number: C3183892?Date Filed: 01/14/2009?Status: ACTIVE?Jurisdiction: CALIFORNIA?Entity Address: 73 BUNSEN, SUITE 208?Entity City, State, Zip: IRVINE CA 92618?Agent for Service of Process: WILLIAM B. BARNETT?Agent Address: 21550 OXNARD STREET #200?Agent City, State, Zip: WOODLAND HILLS CA 91367

Neeraj Iyer used to be the CEO of Financial Media Group Inc

http://www.implu.com/releases/2009/20090127/20418/implu_viewer

Financial Media Group Inc owns Wallstreet Direct, Inc who in turn owns www.wallst.net a promotional site that was run by Nick Iyer and compensated for pumping many Kenneth G. Eade companies

http://www.atomicbobs.com/index.php?mode=read&id=578879

So in summary Neeraj Iyer owns Longview Communications Corp and used to be CEO of Financial Media Group Inc which owns Wallstreet Direct Inc which owns wallstreet.net and Nick Iyer (maybe brother of Neeraj Iyer runs wallstreet.net. And they pay to promote all these of Kenneth Eade and Dale Bernhart's companies


Kenneth G. Eade:

Kenneth G. Eade's connection first became obvious because the only other company SNV Enterprises (which paid out over $500,000 to promoters for SAEI) pumped was IMPN

Legal counsel for IMPN is Kenneth G Eade and his wife, Russian Actress - Agata Gotova, is the CFO.

Kenneth G. Eade has many other connections to Dale Bernhart hosted companies

Eade was the legal counsel for SRGE in 2007 and is currently the legal counsel for FDEI.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57774300

Bermuda Dunes - Kenneth Eade from Forbes:

http://www.forbes.com/forbes/2002/1125/074.html

Just as in Hollywood, not everything meets the eye when it comes to this company. AmeriDream's little office in Bermuda Dunes has been, or still is, the address for 14 other public and private companies, going by such names as Specialized Leasing, Herbalist and Cyber Vitamin. Behind the scenes is a small group of stock promoters and one very prolific Santa Barbara attorney, Kenneth Eade, who have put together companies that typically float in the nether regions of the over-the-counter Bulletin Board system. In 1998 one of the promoters, Russell (Skip) Nordstrom, of something called National Investors Council, was slapped by the Securities & Exchange Commission with a cease-and-desist order for failing to disclose that he was receiving payments from companies to issue glowing research reports. Nordstrom consented to the order without admitting or denying guilt. He was recently the head of investor relations of AmeriDream

And that article didn't lie. Look up the address
79811 "A" Country Club Drive
Bermuda Dunes, CA 9220
And you come up with many companies attached to it.

Including this one:
Talley’s Legal Service Inc.
79811 Country Club Drive
Bermuda Dunes,CA 92203
PH: 760-345-0126
FX: 760-345-8049

William Talley
?Fax: [phone]
E-Mail: [e-mail]
?Member Since 5/31/1997

BERMUDA DUNES -- Talley's Legal Services celebrates its tenth anniversary in business with the arrival of the New Year. Owner Bill Talley, a Coachella Valley native, told The Public Record that more than 50,000 individuals and companies have been served by process servers from his firm over the past decade

Is that how Kenneth G Eade found Steve Talley? Through a relative - William Talley?



So Kenneth Eade seems like a likely candidate to be running the SAEI scam from behind the scenes in some capacity. And is probably running the brand new SGRE gold mine P&D


More on the SRGE scam:

SGRE was run by Alex Smid back in 2006 and 2007

He used the virtual office address and phone number back in 2006 and 2007 that is now showing up on the brand new southridgeminerals.com website (registered by Dale Bernhart on 11/21/10):

3625 N. HALL STREET
SUITE 900
DALLAS, Texas 75219-5106
Tel: [phone]

Is he back again?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57776713

Alex Smid is a well known stock promoter from out of Vancouver with ties to the Russian Mafia according so some journalist:

http://www.pinkinvesting.com/article/view/Southridge-Enterprises-Inc.-SRGE.PK-The-Former-Puppet-Of-A-Seasoned-Criminal

This article talks about an illegal promotional spam campaign used for SGRE back when Alex Smid was the CEO in 2006:

http://www.guardian.co.uk/technology/2006/nov/04/news.money

More on Alex Smid:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57777075

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57777492


The SGRE scam already proven. PRs are false:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57777587



Same Virtual office shows up being used by another Dale Bernhart domain company:

primegenenergycorp.com (which is all in Russian by the way)

Back when PRNE was an actively filing company they were using the same virtual address as SRGE

PrimeGen Energy Corp
3625 N. Hall Street, Suite 900
Dallas, texas 75219



There is so much that ties together and I'm still digging and connection the dots but so far one thing seems obvious to me Kenneth G Eade is behind the scenes running P&D's on companies using a very media/promotion oriented approach. He's been doing it for years and is still very active doing it now. May have just finished with SAEI and is full speed ahead on SRGE.