DD Support Board and Research Team

[nodummy]

ADHC - admits fraud in their annual report filed today

When I researched ADHC back on June 18, 2011 I had a feeling they weren't a company that could be trusted:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64380036

ADHC had just put out the first of a series of press releases announcing their acquisition of Rebel Networks and touting the revenues that came with it. The announcement of the acquisition would initiate a pump&dump on the stock that would be supported by lots more press releases by ADHC continuing to lie to shareholders about the acquisition of Rebel Networks.


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The following are quotes from various press releases put out by ADHC:


2/28/11

"American Diversified Holdings Corporation Signs Letter of Intent to Acquire Cloud Computing Company Rebel Networks"

http://ih.advfn.com/p.php?pid=nmona&article=46661802


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4/07/11

"American Diversified Holdings Corporation Obtains Satisfactory Financing to Complete Merger of Cloud Computing Company Rebel Net"

"ADHC is pleased to report that it has secured satisfactory financing to complete this merger. This facility will not only provide the equity funding necessary for the acquisition of Rebel Networks, but will also allow for the purchase of a number of other companies in the Cloud Computing arena considered attractive by both parties."

http://ih.advfn.com/p.php?pid=nmona&article=47213742


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6/17/11

"American Diversified Holdings Corporation Formally Enters $160 Billion Cloud Computing Industry"

"American Diversified Holdings Corporation (Pink Sheets:ADHC) (www.americandiversifiedholdings.com) announced that it has completed the acquisition of Mississauga, Ontario-based cloud computing company Rebel Networks."

http://ih.advfn.com/p.php?pid=nmona&article=48116363


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6/23/11

"American Diversified Holdings Corporation Wholly Owned Subsidiary Rebel Networks Signs Cloud Computing Development Deal With OnA"

http://ih.advfn.com/p.php?pid=nmona&article=48179666


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6/28/11

"Rebel Networks, the wholly owned operating subsidiary of American Diversified Holdings Corporation (Pink Sheets:ADHC) is expanding its storage solutions for their current Microsoft Exchange and Blackberry Enterprise Server Cloud infrastructure."

http://ih.advfn.com/p.php?pid=nmona&article=48231105


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6/30/11

"Rebel Networks, the wholly owned operating subsidiary of American Diversified Holdings Corporation (Pink Sheets:ADHC) announced today that it has been selected by King Masonary Yard Ltd as the vendor to host their operation applications in the cloud."

http://ih.advfn.com/p.php?pid=nmona&article=48274218


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7/06/11

"Rebel Networks, the wholly owned operating subsidiary of American Diversified Holdings Corporation (Pink Sheets:ADHC) announced today that first half revenue grew by 26% and customer base grew by 19% over first half of 2010."

http://ih.advfn.com/p.php?pid=nmona&article=48339025


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7/7/11

"REBEL NETWORKS, a wholly owned operating subsidiary of American Diversified Holdings Corporation (Pink Sheets:ADHC), announced today that it is offering an AFFILIATE MARKETING PROGRAM, allowing its customers and partners an opportunity to generate revenue by placing banner ads on their Rebel Networks hosted websites."

http://ih.advfn.com/p.php?pid=nmona&article=48363779


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I lost count how many times ADHC said they owned Rebel Networks that revenue was being generated.

This is what happened with the ADHC share price while all these lies were being told (A BIG FAT PUMP & DUMP from early June to July 7th when that last press release came out):




ADHC's investors relation firm while all this fraud was going = Min_mar Group



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Then today an annual report is put out by ADHC:

http://www.otcmarkets.com/financialReportViewer?symbol=ADHC&id=63359

It showed NO REVENUES and came with a statement which says - HEY WE LIED TO YOU

"While the Company announced its acquisition of Rebel Networks in June 2011, the finalization and consolidation of the transaction has not occurred as of the date of this filing. The Company and Rebel Networks have continued their due diligence to complete the transaction, and the framework of the transaction remains in place; however, the Company has not made payment to Rebel Networks as of the date of this filing, but intends to do so prior to the end of the calendar year 2011."


WOW TALK ABOUT A SCAM



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While this fraud was being executed against the ADHC shareholders discounted free trading shares were being issued to insiders:

On June 10, 2011 the Company issued 20,000,000 shares to PMR & Associates valued at $20,000 for consulting (that is a conversion price of $.001/share on a day that the stock was trading at $.0015/share)

On June 22, 2011 the Company issued 80,000,000 shares to Cardona Solutions Group valued at $100,000 for consulting (that is a conversion price of $.00125/share on a day that the stock was trading at $.004/share)

On July 21, 2011 the Company issued 28,000,000 shares to E-Lionheart Associates for $25,000 (that is a conversion price of $.0009/share on a day that the stock was trading at $.002/share)


The Float grew from 375,131,658 on April 30, 2011 to 538,131,658 on July 31, 2011 (an increase of 163,000,000 free trading shares)


The share price plummeted from $.006/share (its peak on June 24, 2011) to $.0006/share



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That isn't the only lie that ADHC told. ADHC stopped doing press releases from July 7th through the first week of October, but I guess once the second week of October hit they felt the need to start lying some more.


ADHC admits to more fraud


On October 13, 2011 ADHC announced a partnership with Practice Fusion

"American Diversified Holdings Partners With Leading Electronic Medical Records Developer Practice Fusion"

http://ih.advfn.com/p.php?pid=nmona&article=49533716


On October 14, 2011 ADHC decided this news was so good they put out a second press release reconfirming this new partnership with Practice Fusion

http://ih.advfn.com/p.php?pid=nmona&article=49543813


Then on October 16, 2011 ADHC put out a press release admitting that they lied about the partnership with Practice Fusion:

"American Diversified Holdings Corporation (Pink Sheets:ADHC) today issued a correction of content in a press release dated October 13, 2011 with the headline "American Diversified Holdings Partners With Leading Electronic Medical Records Developer Practice Fusion."

"The release regarding partnership with Practice Fusion was issued in error. ADHC has no business relationship with Practice Fusion, the leading Electronic Medical Record company."

http://ih.advfn.com/p.php?pid=nmona&article=49569895



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Scam company ADHC now sits at $.0008/share and is still a company with no real business operations, no revenues, lots of debt, and a now a strong history of lies.