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"Spencer Pharmaceuticals
- Hilbroy Advisory was retained by Spencer Pharmaceutical to assist in the reverse merger transaction with Emergensys, whereby Jean-Francois Amyot was a director of Emergensys, said information was disclosed to Spencer Pharmaceutical management."
Once again, Monsieur Amyot was listed as President, Director and Secretary of Spencer Pharmaceutical(s) on the Nevada register of companies:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=0Yo82pJ1soU2I64iVZ0uxg%253d%253d&nt7=0
Both Amyot and his close associate Ian Morrice are currently listed on OTCMarkets.com as officers of SPPH:
"Company Officers
Max Arella President
Ian Morrice EVP, CFO
Jean Francis Amyot VP, Bus. Affairs"
http://www.otcmarkets.com/stock/SPPH/company-info
I'm afraid Amyot, Hilbroy and IAB are the architects of these various stock scams.
This is known to both AMF (and other Canadian regulators) and SEC, and for once it seems they are both prepared to do something about it.
"Wanderport Corporation
- Hilbroy Advisory was retained on a monthly basis to assist the company with its filing requirements"
Don't forget that Mr. Amyot was also listed as an officer of Wanderport (WDRP) on OTCMarkets.com. That may have disappeared, but the record is still available in other places.
Like here, for example:
"Directors: Richard Martel-President
Jean-Francois Amyot-VP, Corp. Comm.
Robert Simoneau-Advisor"
http://www.pinkinvesting.com/company/info/WDRP/Wanderport%20Corp
Mr Amyot is, of course, also the sole owner of both Hilbroy Advisory and IAB Media:
HILBROY ADVISORY INC.
https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=4318412&V_TOKEN=1309445920341&crpNm=hilbroy&crpNmbr=&bsNmbr=
IAB Media Inc.
https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=7264909&V_TOKEN=1309418708704&crpNm=IAB%20Media&crpNmbr=&bsNmbr=
Jean François Amyot also has difficulty with English, including spelling the word "separate".
Spencer Pharmaceuticals
- Hilbroy Advisory was retained by Spencer Pharmaceutical to assist in the reverse merger transaction with Emergensys, whereby Jean-Francois Amyot was a director of Emergensys, said information was disclosed to Spencer Pharmaceutical management.
- Hilbroy Advisory owns 500,000 restricted shares of Spencer Pharmaceutical. Hilbroy Advisory, officers, directors, employees and or subsidiary never owned free trading shares of Spencer Pharmaceutical and therefore never traded shares on the open market.
- IAB Media was hired to perform a web based securities awareness campaign and was compensated in RESTRICTED shares, and said compensation was disclosed at the time of campaign.
- Hilbroy Advisory did not introduce Al-Dorra to Spencer Pharmaceutical, this was done by way of a special adviser on middle east and north africa to the Canadian senate.
- Hilbroy Advisory did not come up with a price for the negotiation, but Dr. Arella did and according to management of Spencer, the technology was worth over $1 billion.
- Hilbroy Advisory's services were terminated and Hilbroy Advisory was hired by the representatives of Al-Dorra to oversee the proposed acquisition.
- Hilbroy Advisory hired a law firm to perform the necessary due-diligence and further to the findings, the offer from Al-Dorra changed.
- Hilbroy Advisory was also mandated by the representatives of Al-Dorra to seek a listing on the Frankfurt Stock Exchange.
- Hilbroy Advisory proposed to acquire a dormant shell and reverse the company's stock and change its name. Hilbroy Advisory used the services of Ven Bank as well as Schnigge since they are the same listing agent that undertook the Hilbroy listing.
- Jean-Francois Amyot has a power of attorney to setup the corporation on behalf of the middle east representatives and Hail First Pharma is to be relisted on the Frankfurt Stock Exchange pursuant to a filing of an information statement.
- Hail First Pharma is currently still a dormant shell with assets but no operations.
- Hail First Pharma may be abandoned if no transaction can be agreed upon with Spencer Pharmaceutical
Wanderport Corporation
- Hilbroy Advisory was retained on a monthly basis to assist the company with its filing requirements
- IAB Media was hired on 2 seperate occasions to provide a web based securities awareness campaign, The detail of the compensation was disclosed at the time of the awareness campaign.
- No shares were ever issued to Hilbroy Advisory, IAB Media and or its officers and or directors
- No shares of Wanderport were ever traded by Hilbroy Advisory, IAB Media and or its officers and directors.
- Hilbroy Advisory, IAB Media and the officers, directors and employees of these companies cannot trade in the securities of Wanderport further to a decision by the AMF.
- A hearing is schedule later in November with the AMF to review this decision.
Amyot should consider taking an English grammar class. He writes like a 10 year old.
Hilbroy Advisory Inc: Emirate NBD Capital Reshuffle Sees Khaled Masri as Saudi CEO: by Jean- Francois Amyot
Montreal, 21 September 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – Dubai-based Emirates NBD has appointed a new chief executive for its Capital unit in Saudi Arabia as part of a wider management reshuffle at the region's largest lender by assets, people familiar with the matter said Wednesday.
Khaled Masri, a former partner and senior executive at Dubai's Rasmala Investment Bank, has been named chief executive officer of Emirates NBD Capital in in Saudi Arabia, two people aware of the issue told local news sources. People close to the situation also said Mohammad Kamran Wajid, currently global head of financial institutions, has been lined up as the chief executive of Emirates NBD Capital in the U.A.E. Suresh Kumar is currently the chief executive officer of Emirates NBD Capital’s regional operations, Jean-Francois Amyot. The latest personnel changes come just a few months after Sheikh Ahmed bin Saeed Al Maktoum was named chairman of the bank, replacing Ahmed Humaid Al Tayer.
Emirates NBD, which is 55.64% owned by a Dubai government vehicle, is one of the major creditors to Dubai World, the government conglomerate that undertook a $25 billion restructuring. The bank is also involved in the restructuring of Dubai Holding, another major investment holding linked to the emirate's ruler. Masri, who left Rasmala in May after spending more than six years with the firm, is "currently at the bank in the Dubai but awaiting an official approval from the Saudi authorities," another person close to the matter said.
Emirates NBD launched Emirates NBD Capital KSA LLC, formerly known as Emirates Investment Services, KSA, in 2009. Licensed by the Saudi Capital Markets Authority, the company provides brokerage, asset management, corporate finance advisory, investment advisory and custody services to the Kingdom's market.
Emirates NBD shares closed 2.4% higher at AED4.20 a share in a broadly positive overall market.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Hilbroy Advisory Inc: Zambians Begin Voting in Crucial Election: by Jean-Francois Amyot
Montreal, 21 September 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – Africa’s biggest copper producer, Zambia began voting in an election seen in many quarters as a barometer for the country’s strengthening of its democratic credentials since the re-introduction of multi-party politics about twenty years ago.
Zambia, one of Africa's most stable countries has witnessed pockets of isolated incidents of violence in some parts of the southern African country, particularly in the capital, Lusaka and mining Copperbelt, a fate that could plunge the country into post-election violence, Jean-Francois Amyot. Over five-million eligible voters are expected to cast their ballots for a president, a new parliament and new local authorities in an election, which commenced at 06: 00 am and is expected close at 06: 00 pm. However, voting is to yet to commence in some polling stations across the country following logistical challenges by the country's electoral body, Electoral Commission of Zambia(ECZ).
The heavily contested general election has seen incumbent President, Rupiah Banda of the Movement for Multiparty Democracy (MMD) battle it out with nine other candidates. Ironically, the contest is seen as primarily a battle between Rupiah Banda and populist, Michael Sata, the opposition leader, with both men seen as running neck-and-neck on the campaign trail. Results are not expected until Friday at the earliest. About 65 per cent of Zambia's 12 million people live on less than $1 a day.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Here's a link to the XETRA quote and news for Hilbroy Advisory:
http://www.boerse-frankfurt.de/EN/index.aspx?pageID=40&ISIN=CA4313061091
It's interesting that the "Enrolee" is Schnigge Wertpapierhandelsbank AG, who also were the agents for Amyot's fake Middle Eastern company, Hail First Pharma:
https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=4413296&V_TOKEN=1309416944318&crpNm=Hail%20First%20Pharma&crpNmbr=&bsNmbr=
http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=CA40522C1086
XETRA is about as tightly regulated as the Pink Sheets, and a haven for fraudsters like Jean François Amyot when they want to create a company with an off-shore quote for the usual criminal conspiracy.
It looks like we should probably add CDIV (a Monk's Den play, and therefore doubly infamous), VSPC, GRDO, KNDR, WTAR,and LVLV to the list of stock scams promoted by Hilbroy Advisory:
http://investorshub.advfn.com/boards/profile.aspx?user=161642
Every one of those stocks has the same pattern: a large spike followed by a precipitate decline.
Which given that they are all vehicles used by penny stock fraudsters, principally Jean François Amyot, to defraud retail investors, aided and abetted by voluminous promotional postings all over the <ahem> Internet from undisclosed agents of IAB, should not take us completely by surprise.
"This board is the sharing information [sic] on Hilbroy Advisory Inc., its customers, and markets."
Gotta love the Canadian English.
Ah, Hilbroy Advisory. Along with sister company ItsAllBull Media responsble for promoting, and indeed in some cases creating, such fine companies as:
SPPH, along with its entirely fictional buyout partner Hail First Pharma
RMGX and various other scams using the same (entirely bogus) technology
EGOC, again with its entirely fictional "Middle Eastern" partner allegedly about to place a huge order
WDRP, which as other posters have noted is currently under investigation by Québec's securities agency, AMF, along with Hilbroy and Monsieur Amyot himself
HZHI, headed by Monsieur Amyot's partner in crime (no quotes required on the preceding three words) Rocc DiFruscia
BISU
AFLB
PKTX
and the list goes on - and on and on.
There is indeed plenty to talk about, but as already pointed out, that MB already exists:
http://investorshub.advfn.com/boards/board.aspx?board_id=21806
The only truthful statement that one of Jean François Amyot's scam stock promotion vehicles ever issued is its own name - ItsAllBull, although they missed the last four letters, which are S,T, I and H, but not necessarily in that order.
FWB:2HO ?? The Filled With Bullshit exchange?
http://ih.advfn.com/p.php?pid=squote&symbol=2H0
I don't think so...
Yes, but apparently, this is a STOCK board. Can you imagine?
It actually trades?
LOL
Doesn't matter. They can still slap on a cease trade order for residents of Quebec.
The hearing is scheduled for November 21, 24, 25 and 29, at 9:30 am.
The charges were not presented at the pre-hearing, but you can look at the decision 2011-026 that is published on our website, under that file number. That decision is available only in French.
You can obtain the recording if you wish but there fees applicable. The pre-hearing was only to set a further date of hearing.
If you wish to attend to the hearing on November it is up to you. The hearing is public, unless the Tribunal decides the contrary."
So apparently no evidence was presented. I went to the website (www.bdr.gouv.qc.ca) to lookup deicision 2011-026, and it didn't say anything really. Here's the 2011-026 entry:
I used Google Translator for the first box and got:
"PARTIES" box:
"AMF (Applicant) v. IAB Media inc., Neuro-Biotech inc., Tips Hilbroy inc., Wanderport Corp., 6570542 Canada inc. Jean-Francois Amyot Andrew Barakett, Andrea Cortellazzi, Yannick Lessard and Serge Ollu (Respondents)"
"NATURE" box:
"Request to be heard of the respondents"
"COMMENTAIRES" box:
"Following the notice of hearing on August 4, 2011
Audience pro forma"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67179559
What country does the stock trade in?
Maybe they wouldn't like this board, either?
SUSPENDED "IAB" ItsAllBull Affiliates
___Websites_______________Twitter ID's
www.itsallbull.net____________@itsallbullNET
www.pennystockryder.com_____@pennystockryder & @stockchaser
www.pennystockparty.net_____@StockParty
www.pennystocksociety.net___@Stock_Society
www.tsxstockpicks.net_______@tsxstockpicks
www.pennystockaccess.net____@stockaccess
www.bestotcpicks.net________@bestOTCpicks
www.simonsaystocks.net______@SimonSaysStocks
www.stockpicksthatmove.net__@PicksThatMove
www.goldmarketstocks.net____@goldstockpicks
www.otcmarketstocks.net_____@pinksheetstocks
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65549269
ORDERS TO CEASE TRADING AND SHUT DOWN WEBSITE
Montréal, July 21, 2011 - At the request of the Autorité des marchés financiers (the "AMF"), the Bureau de décision et de révision (the "Bureau") issued a decision on July 11, 2011 prohibiting, in particular, any transaction in the securities of Wanderport Corp. and Neuro-Biotech inc., due to alleged market manipulation.
More specifically, under this decision, Wanderport Corp., 65705442 Canada inc., Conseils Hilbroy [aka Hilbroy Advisory] inc. and their officers, directors and employees, as well as Jean-François Amyot, Andrea Cortellazzi and Andrew Barakett are prohibited from carrying out transactions in the security of Wanderport Corp.
The Bureau also ordered Neuro-Biotech inc., its officers, directors and employees, as well as Andrea Cortellazzi and Serge Ollu to cease carrying out any transaction in the securities of Neuro-Biotech inc.
In addition, the Bureau ordered IAB Média inc. to shut down the website "itsallbull.net," which was used to promote the securities of Wanderport Corp. The Bureau's analysis showed the complexity of this matter.
"What we have here is a case of market manipulation involving numerous individuals. Over the years, their tactic was to promote the securities of some of the corporate respondents in order to pump up the value. They then sold their securities and pocketed the profits generated by the inflated price," stated the Bureau.
Serge Ollu and Andrea Cortellazzi face, respectively, 33 and 6 counts of illegal practice as a dealer and illegal distribution in the matter of Ressources minières Andréane. Fines of $404,000 and $56,000 respectively are sought.
The publication of this press release constitutes the method of service authorized by the Bureau of a decision issued on July 11, 2011 pertaining to the following individuals and companies: Andrea Cortellazzi, Xavier Demontigny, Jacques Vallée, Excel Gold Mining inc., 9157-0945 Québec inc., 9198-6208 Québec inc., Proactive Computer Services, Neuro-Biotech inc. and Wanderport Corp. Decision 2009-026-001 is attached to this press release and is also available on the AMF website (in French only) at www.lautorite.qc.ca/en/news-2011-pro.html under News.
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight for Québec's financial industry."
http://www.lautorite.qc.ca/files/pdf/salle-de-presse/communiques/2011/com21juillet2011-neuro-ang.pdf
This board appears to be a duplicate:
#board-21806
"IAB (ItsAllBull) Media Inc. is a penny stock promotion outfit owned by notorious stock manipulator Jean François Amyot."
Soooo. How're things going with the Canadian authorities?
Hilbroy Advisory Inc: Social Unrest, oil prices pressure MENA Economies : by Jean-Francois Amyot.
Montreal, Sep 20, 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) - The International Monetary Fund said Tuesday that social unrest and oil prices fluctuations were causing large uncertainties in the economies of the Middle East and North Africa.
It slightly cut its growth forecast for the region by 0.1 percentage point to 4.0 percent, in its quarterly World Economic Outlook. "Commodity price movements and social unrest continue to shape the region’s experience and prospects," the IMF said .
"The short-term outlook is still subject to unusually large uncertainties, stemming mainly from the fluid political and security situation in some MENA economies as well as growing uncertainty about external demand," it said. The MENA region covered by the IMF report stretches from Iran to Mauritania. The current report, however, has excluded oil-rich Libya due to insufficient data, Jean-Francois Amyot. The report also did not provide separate figures on Yemen, the impoverished nation hit since January by ongoing protests demanding the ouster of President Ali Abdullah Saleh. The IMF forecasts growth in oil-exporting countries, including Iran, to reach five percent this year and drop slightly to about four percent in 2012, as uncertainty over the global economy prevails. Qatar will continue to lead the economic expansion in this category on the back of its growing natural gas exports, as well as Iraq and Saudi Arabia. However, growth in Qatar this year has been slightly revised down from 20 percent forecast in April to 18.7 percent. The pace of expansion in the tiny energy-rich Gulf state is expected to narrow sharply to 6.0 percent in 2012. The forecast for Saudi Arabia's economic growth in 2011 has also been cut from 7.5 percent forecast in April to 6.5 percent. The largest Arab economy is expected to grow by 3.6 percent next year.
Oil importers, mainly those hit by a wave of pro-democracy uprisings over the past months, will continue to have a subdued outlook, the IMF said. It put overall growth forecast for this category at 1.4 percent this year, down from 4.5 percent in 2010. "Activity in a few economies will be constrained by domestic social unrest and an associated slow recovery in tourism receipts and remittances," it said. The IMF expected, however, growth for oil-importing countries to increase to 2.5 percent next year, "underpinned by a slow recovery in investment." The IMF slightly raised its forecast for Egypt's growth this year to 1.2 percent from 1.0 percent forecast in April. The economy of the most populated Arab country is expected to grow by 1.8 percent next year. The Tunisian economy will not grow at all this year, according to the IMF. But the North African nation, which triggered in December a wave of Arab protests in what became known as the "Arab Spring," and ousted president Zine El-Abedine bin Ali, should see its economy expanding by 3.9 percent next year, compared to 3.1 percent in 2010, the IMF said.
Meanwhile, the economy of Syria, hit by European sanctions and a wave of pro-democracy uprising that has left at least 2,600 dead, will contract by 2.0 percent this year, the IMF said. Syria had posted growth of 3.2 percent in 2010, but protests that erupted in February against the regime of President Bashar al-Assad have triggered international pressure, and deprived the country of a vital inflow of tourists. The Fund said the outlook for the whole MENA region was "subject to large downside risks." "External risks relate to the unfolding weaker outlook in the United States and Europe, which could sharply depress activity and hence commodity prices or further slow external financing flows to the region," it said. "However, most risks pertain to continued domestic instability, compounded by intraregional contagion. The political turmoil has seen risk premiums rise and private financing and tourism receipts fall; not only in those economies directly affected by the turmoil but throughout the region," it added. In other oil-exporting MENA countries, the IMF expected growth this year to be at 3.3 percent in the United Arab Emirates, 5.7 percent in Kuwait, 9.6 percent in Iraq, 2.5 percent in Iran, and 2.9 percent in Algeria. Sudan's GDP is seen contracting by 0.2 percent, excluding South Sudan, which became independent this year. As for oil-importing states, the IMF expected this year a growth of 4.6 percent in Morocco, 1.5 percent in Lebanon and 2.5 percent in Jordan.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should” and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Hilbroy Advisory Inc: Social Unrest, oil prices pressure MENA Economies : by Jean-Francois Amyot.
Montreal, Sep 20, 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) - The International Monetary Fund said Tuesday that social unrest and oil prices fluctuations were causing large uncertainties in the economies of the Middle East and North Africa.
It slightly cut its growth forecast for the region by 0.1 percentage point to 4.0 percent, in its quarterly World Economic Outlook. "Commodity price movements and social unrest continue to shape the region’s experience and prospects," the IMF said .
"The short-term outlook is still subject to unusually large uncertainties, stemming mainly from the fluid political and security situation in some MENA economies as well as growing uncertainty about external demand," it said. The MENA region covered by the IMF report stretches from Iran to Mauritania. The current report, however, has excluded oil-rich Libya due to insufficient data, Jean-Francois Amyot. The report also did not provide separate figures on Yemen, the impoverished nation hit since January by ongoing protests demanding the ouster of President Ali Abdullah Saleh. The IMF forecasts growth in oil-exporting countries, including Iran, to reach five percent this year and drop slightly to about four percent in 2012, as uncertainty over the global economy prevails. Qatar will continue to lead the economic expansion in this category on the back of its growing natural gas exports, as well as Iraq and Saudi Arabia. However, growth in Qatar this year has been slightly revised down from 20 percent forecast in April to 18.7 percent. The pace of expansion in the tiny energy-rich Gulf state is expected to narrow sharply to 6.0 percent in 2012. The forecast for Saudi Arabia's economic growth in 2011 has also been cut from 7.5 percent forecast in April to 6.5 percent. The largest Arab economy is expected to grow by 3.6 percent next year.
Oil importers, mainly those hit by a wave of pro-democracy uprisings over the past months, will continue to have a subdued outlook, the IMF said. It put overall growth forecast for this category at 1.4 percent this year, down from 4.5 percent in 2010. "Activity in a few economies will be constrained by domestic social unrest and an associated slow recovery in tourism receipts and remittances," it said. The IMF expected, however, growth for oil-importing countries to increase to 2.5 percent next year, "underpinned by a slow recovery in investment." The IMF slightly raised its forecast for Egypt's growth this year to 1.2 percent from 1.0 percent forecast in April. The economy of the most populated Arab country is expected to grow by 1.8 percent next year. The Tunisian economy will not grow at all this year, according to the IMF. But the North African nation, which triggered in December a wave of Arab protests in what became known as the "Arab Spring," and ousted president Zine El-Abedine bin Ali, should see its economy expanding by 3.9 percent next year, compared to 3.1 percent in 2010, the IMF said.
Meanwhile, the economy of Syria, hit by European sanctions and a wave of pro-democracy uprising that has left at least 2,600 dead, will contract by 2.0 percent this year, the IMF said. Syria had posted growth of 3.2 percent in 2010, but protests that erupted in February against the regime of President Bashar al-Assad have triggered international pressure, and deprived the country of a vital inflow of tourists. The Fund said the outlook for the whole MENA region was "subject to large downside risks." "External risks relate to the unfolding weaker outlook in the United States and Europe, which could sharply depress activity and hence commodity prices or further slow external financing flows to the region," it said. "However, most risks pertain to continued domestic instability, compounded by intraregional contagion. The political turmoil has seen risk premiums rise and private financing and tourism receipts fall; not only in those economies directly affected by the turmoil but throughout the region," it added. In other oil-exporting MENA countries, the IMF expected growth this year to be at 3.3 percent in the United Arab Emirates, 5.7 percent in Kuwait, 9.6 percent in Iraq, 2.5 percent in Iran, and 2.9 percent in Algeria. Sudan's GDP is seen contracting by 0.2 percent, excluding South Sudan, which became independent this year. As for oil-importing states, the IMF expected this year a growth of 4.6 percent in Morocco, 1.5 percent in Lebanon and 2.5 percent in Jordan.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should” and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
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