Since Asher has such a huge presence in NOHO, AEGY, and SNRY (3 of the Henry Jan/Robert Hipple tickers), I guess this shouldn't surprise me that Michael Gelmon is some how directly involved with Curt Kramer and Asher Enterprises Inc.
Let's not forget that Michael Gelmon was involved in many past dilution scams like PCLI, AVTI, EPCG, SSHS, and PFMS.
Michael Gelmon and his brother Corey Gelmon were also once partners with Corey Ribotsky. Together the three of them started NIR Group.
In June of 2010, Michael Gelmon, Cory Gelmon, Corey Ribotsky, and Eagle Ridge Capital Corp (an entity controlled by Michael and Cory Gelmon) formed a Cayman Islands based entity called Haverstock Offshore Manager, LLC to use for the type of toxic financing deals that kill publicly traded companies.
The same type of financing that the group did using New Millennium Capital Partners II, LLC, AJW Qualified Partners, LLC, AJW Offshore, Ltd. and AJW Partners, LLC - collectively known as NIR Group.
Eagle Ridge Capital Corp, an entity controlled by Michael and Cory Gelmon, was named in OSC litigation along with NIR Group in December of 2009 for their role in the stock manipulation of the TSX ticker, ELOC:
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