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Good news = pps drop?
Chatty outfit?
Only one explanation - they release news when they need money, and dump shares on the news.
Dilution, folks...dilution.
RAMO = SCAMO (a.k.a. Scamoil Management, Ltd.)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63907757
RAMO - periodic research report
I promised somebody I'd spend some time trying to sort through some of the recent events surrounding RAMO so I'm going to go ahead and post some of the stuff I've been digging up so far. RAMO has turned out to be much more complicated than I expected and so I'll probably be doing a lot more research followed by a lot more posts yet to come.
The big news surrounding RAMO in recent weeks is the share exchange agreement with Groupe Concorde Developments, Inc.
On April 27, 2011 RAMO filed an 8K announcing an agreement signed on March 15, 2011 with Groupe Concorde Developments, Inc.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7880577
The 8K has been followed up by not one, not two, but seven press releases by RAMO touting the agreement.
http://ih.advfn.com/p.php?pid=nmona&article=47690680
http://ih.advfn.com/p.php?pid=nmona&article=47732262
http://ih.advfn.com/p.php?pid=nmona&article=47788234
http://ih.advfn.com/p.php?pid=nmona&article=47825311
http://ih.advfn.com/p.php?pid=nmona&article=47885617
http://ih.advfn.com/p.php?pid=nmona&article=47904973
http://ih.advfn.com/p.php?pid=nmona&article=47909022
RAMO claims that Groupe Concorde Developments, Inc has several green energy operations in various stages of development and that the deal could potentially bring $50 - $150 million.
Something is very wrong about this whole picture.
#1 RAMO has no cash or operations or revenues. What possible interest would Groupe Concorde Developments possibly have in RAMO if what RAMO says about GCD's operations is true?
#2 Why would GCD need to use RAMO to help them do an IPO and go public? Again RAMO has no money so if the expenses are a problem then RAMO offers no assistance there.
#3 If all those GCD operations were true why would GCD sell out 100% of their company for just 3,000,000 shares of RAMO stock? 3,000,000 shares amount to some where between and $60,000 - $150,000.
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In the press releases RAMO publishes the following information about Groupe Concorde Developments, Inc:
Groupe Concorde Developments, Inc. ("GCD"), of Fort Lauderdale, FL, has been in operation here in America since 2007 and in Europe as Concorde Groupe, GmbH since 2005. GCD has solar energy, wind energy and waste to energy projects already under contract, with Power Purchase Agreements (PPAs) also already negotiated and signed, on Government Projects, backed by the European Union (E.U.) in Romania and Bulgaria. Beyond this, GCD also has an "up to" 250 bed Environmentally Friendly, Green Assisted Living Facility (ALF) already Romanian Government and E.U. approved for development. This Green Friendly ALF concept is also under consideration for implementation in Florida and Arizona as well.
Groupe Concorde Developments, Inc is a Florida business entity.
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P07000005207&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=GROUPECONCORDE&names_filing_type=
It was formed on 1/11/07, but I'm not so sure about it being in operation the whole time. It twice went delinquent and twice had to be reinstated.
Officers at the inception were:
Alex Taranu - President
Russel Duke - Treasurer
George Panarites - SV
Richard Kern - SV
Wilfredo Perez - SV
In July of 2007 Wilfredo Perez was replaced by Moshe Almog.
In October of 2008 Moshe Almog was removed.
In 2009 Russel Duke was removed.
The original address of the entity was:
2740 East Oakland Park Blv Suite 101
Fort Lauderdale, FL 33306
That address was shared by World Travel Concepts, Inc
President of World Travel Concepts, Inc was Jeff Altman
Vice President of World Travel Concepts, Inc was Richard Kern
World Travel Concepts, Inc is now an inactive business entity and their domain is expired:
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P08000060761&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=WORLDTRAVELCONCEPTS&names_filing_type=
http://www.worldtravelconcepts.com
http://www.bbb.org/south-east-florida/business-reviews/travel-agencies-and-bureaus/world-travel-concepts-in-ft-lauderdale-fl-92010675
In 2009 the Groupe Concorde Development address was changed to:
117 Ronald Road
Hollywood, FL 33023
which is a residential address owned by Alex Taranu
All total Alexandru Taranu has had 7 different business entities registered in his name in the state of Florida over the years. Nearly all of which never amounted to much more than a filing with the SOS.
Here is the Groupe Concorde Development website (requires a login to get past the intro page):
http://gconcorde.com/
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Groupe Concorde Development Inc and Alexandru Taranu have shown up in the past though with another penny stock - SKTO
In May of 2010 SKTO put out the following press release:
http://www.marketwire.com/press-release/retransmission-concorde-gruppe-healthcare-today-build-first-stem-cell-research-treatment-1261813.htm
BUCHAREST, ROMANIA--(Marketwire - May 17, 2010) - Concorde Gruppe GmbH ("Concorde Gruppe") and Healthcare of Today, Inc. jointly announce that Concorde Gruppe has secured €50 Million Euros from its own funds, Private Investors, the European Community, and Institutional Investors, to build the first stem cell research and treatment facility in Romania.
Concorde Gruppe and Healthcare of Today will work together to establish a 200,000 sq. foot state-of-the-art stem cell research center to be surrounded by a 460,000 sq. foot treatment facility. The facility will be managed and operated by Healthcare of Today through SK3 Group, Inc. (PINK SHEETS:SKTO) which has been tapped to be the facilities and services holding portfolio of Healthcare of Today. CEO of Healthcare of Today, Henry Jan says, "We are excited to grow our facilities offerings in the international arena, and are committed to bringing our best biotechnology to Romania and the patients who come there."
The funding to be provided for the project is larger than the $50M amount originally included in the Letter of Intent announced in February between Concorde Gruppe and Healthcare of Today (www.healthcareoftoday.com). Concorde Gruppe's Managing Director Alex Taranu says, "Healthcare of Today is positioned to bring cutting edge healthcare technology and treatments to Romania. We are proud to build this new venue for Healthcare of Today where their specialists can continue their advanced research while offering patients compelling new treatment options."
The facility will be located in Adunatii Copaceni, Romania, ten miles south of Bucharest.
In March of 2010 SKTO had announced a merger with Healthcare of Today which was followed by a steady stream of press releases announcing health care related agreement after health care related agreement over the next 2 - 3 months all while the share price was moving steadily downward.
Healthcare of Today is the product of known scammer, Robert Hipple, and Henry Jan.
There was plenty of research posted on this forum about Hipple, Jan, Healthcare of Today, and their other business entities in the past, but for the sake of presenting as much condensed information about this group in one post I have decided to link an article written by Timothy Sykes about the most recent Healthcare of Today connected company, ALZM. The article spends a lot of time going back through the history of Healthcare of Today and Robert Hipple.
http://www.timothysykes.com/2011/03/attention-sec-allezoe-medical-holdings-alzm-is-a-318-million-company-with-just-1016-cash-in-the-bank-up-600-due-to-a-13-million-promotional-campaign-whose-counsel-was-ceo-of-an-sec-busted-ponzi-schem/
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The agreement between SKTO and Concorde never ended up happening nor did most of the agreements and projected operations that SKTO promised its investors. One person who had particular interest in the transaction was Dr. Donnie Rudd, the Chairman of Regenetech Inc. Back in February of 2009 Healthcare of Today signed an agreement to purchase Regenetech Inc for $100 million. Healthcare of Today of course didn't have $100 million, but Jan apparently promised Dr. Rudd that the $100 million would become available through the new alliance with Concorde Gruppe. While Dr. Rudd waited for the promised funding Healthcare of Today used Regenetech to promote not just SKTO, but also GAGI which is a whole other fraud company all together.
The Chairman of Regenetech grew increasing suspicious about the deal with Concorde being a fraud when no underwriter would do the deal. When the Chairman confronted Henry Jan about the agreement between SKTO and Concorde, the $50 million stem research center, and large promises of funding, Jan presented Dr. Rudd with the following letter written to Henry Jan and signed by Alex Taranu:
Burbank, CA 91506
November 20, 2009
Mr. Jen,
As per our conversation on November 17, 2009 please be advised that we Concorde Capital, the Investment Banking Division of Concorde Gruppe GmbH, in cooperation with Neptune Capital is ready willing and able to proceed at your leisure with the process of reverse merge Health Care of Today Inc. into a clean German shell, listed on the Deutsche Börse and cleared through Clearstream their Luxembourg Subsidiary.
Neptune Capital will be the market maker and our Asset Management Division along with several of our partners and clients will serve as initial stock promoters. The Stock promotion efforts will be multiplied exponentially 30 days after the posting of the reverse merger when we will be beginning the road show.
Our Public Relation Company is available immediately to begin the release of news wires and book meetings with industry specific and broad market participants in London, Frankfurt, Zurich, Paris, Luxembourg and Amsterdam.
Please advise your availability between the end of November and December 18 2009 to travel to Frankfurt for 2 days to sign the required documentation.
Sincerely,
Alex Taranu
Managing Director
Word is that Dr. Rudd grew so disgusted by the SKTO / Concorde fraudulent agreement that he quit and has been in contact with the SEC about the matter.
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So we know that Alex Taranu and Groupe Concorde Development Inc were involved with the very shady crew from Healthcare of Today.
We know that Alex Taranu and Groupe Concorde Development Inc were involved in an eerily similar agreement with SKTO in the past (only in the area of health care instead of green initiatives) including the same $50+ million dollar numbers and a similar arrangement to help Concorde become its own publicly trading company. That agreement never ended up happening.
Are there any other similarities between the SKTO / Concorde agreement and the RAMO / Concorde agreement? That will have to be the main focus of my ongoing research.
So far the obvious connection is the Fort Lauderdale addresses. Robert Hipple is from that area, SKTO is based in Fort Lauderdale, Groupe Concorde Development Inc is based in Fort Lauderdale, and the CEO of RAMO is from that area.
more research to come....
LOLOLOLOLOLOL!!!
That's where I get my daily dose of face pain (because I am laughing so hard).
SHOM is a keeper if you want to hold shares that do not go up in value.
I'm not addressing you specifically, tvsoccerdad, but all the DD in the world is pretty much pointless at this time.
The reality, at the end of the day, is pps. And, if those days become more than 2 or 3 days, in anything OTC or pink, then the likelihood of the pps going up is exponentially smaller.
I'm not going to waste my time "bashing" because I am not "bashing."
I'm not going to waste my time, because SHOM is a waste of my time.
There are better plays out there.
Looks like the pump and dump is over after the conference call. That's just MEAN, man! Really MEAN!
Looking for a pps of eleventy billion dollars.
Need buying pressure!!!!!
I bought 350k @ .0026
Could not sell to save my life above .003 today!
WTF?
If this does not get back to .003 EOD, then I seriously think that this stock is a disgrace.
There are no shorts.
This stock is a disgrace.
So, the dump is on May 31st, then?
Why? So we can break .043 again?
We need real movement and need it now.
Is this thing going to break .05 again some time this year or decade?
So many pumpers. For crying out loud, people.
Not trying to bash, but every day is "GREAT F'N NEWS" and "TO THE MOON" BS.
This isn't going to hit a dime. It already would have if it was in the cards on the pump a couple weeks ago.
Looking for a flip to get out.
Who wants my shares for .05? That would give me just about 100% gain.
I'm out. Made 50%. Tired of waiting around. Tired of hearing about consolidation. Volume speaks volumes. This stock does not cut the mustard for me.
Later all and good luck.
I'm out of dough, or I'd be buying like crazy!
Bid size is 1
LOL!!!!
So far, today looks like a complete disgrace.
Morning dip I guess.
There is another project in the works. It's called pump and then dump.
The symbol change will be from PSPW to PND!
LOL!
I got the hell out of that a long time ago and then made a killing when the CEO locked all the shares on the F/S!
LOL!
Guys, this is/was a pump and dump.
I broke even @ .80
I might buy back in if I can pick up some at .20 levels or lower.
This is too much of a risk and as long as this is on the OTC, it will be too volatile to worry about on a daily basis.
There is more money in day plays @ 30-40% gains right now.
Just being honest.
Once this hits .07 - .08, this will tank again.
There is too much money to be made flipping this right now.
This news will not carry it through Friday.
Launch News will probably get it really going.
There will be another dip. I will buy.
Out @ .065
Will wait for dip tomorrow morning or even this afternoon to get back in.
Flippers taking profits.
Back down we go.
If you ever see me post that I bought a stock, that is the signal to put your stop loss in asap!
BOO!!!
No pps drops!!!!
BOO!!!!
This may end up being a complete and total disgrace if we do not get positive news soon.
This stock is a disgrace until it gets above .10
This consolidation is a disgrace.
I was also really high when I bought this.
There is no long term in this stock as long as we have iHub to facilitate the pump and dump.
This is a disgrace!
This is a disgrace!
Utter hogwash.
People been passing that crap around for years.
Stop loss orders? What a disgrace.
The future for PSPW is so bright, I gotta wear shades!
Amen, brother. Amen.