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what is OS and AS? i never see an share down to 0.0001 so fast past an reverse split..
LMAO.. what "ceo need money" have to do with 1 billion buyers?
why MM want lose money?
I not know what to think about this and other Fong PIGs
I HAVE 5 millions AFPW long @ 0.0002 :>
FONGED INDED
with 500 millions in ask.. AFPW will never see 3's again.. and when NO BID comes.. fong will have to do a new RS to continue dumping..
so... why MM want buy 1 billions shares @ 0.0001 if they know this POS will reverse again and back to triples again??
1 billion shares = 100.000$
why MM want to lose 100.000$ ?? AFPW
25 millions sell @ 1's and past 5 seconds this 25 millions was added in ask 2's LOLzz
with this kind investors this will be stucked here until next NO BID & RS
why 1 billion bid? AFPW
solar painels is used at more than 20 years from others companuies.. what novofuel have new to market??
novofuel not produced nothing.. just buy the solar painels and wind turbine from others companies..
why novofuel should be sucesseful company if not have noting new to market and not produce nothing?
produce someting and sell is good
buy from others companies and sell again is no good because product price increase.....AFPW
EVEN MORE Toxic Financing Continental:
On October 17, 2012, the Company issued a $25,000 convertible promissory note to Continental Equities, LLC (“Continental”). The Continental note is due on October 17, 2013, bears interest at 10% per annum. The conversion feature of the Continental note equals 50% of the average of the three lowest closing bid prices during the thirty day trading period prior to the conversion. The Company reserved 23,000,000 shares of common stock for the conversion of the Continental note. On March 26, 2013, Carebourn acquired the Continental note from Continental. During the nine months ended September 30, 2013, the Company issued 18,737,288 shares of common stock to Carebourn Partners, LLC. (“Carebourn Partners”) and Carebourn Partners’ assignee upon the conversion of the acquired Continental note.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9622323
------------------------------------------------------
More ASHER Toxic Financing:
During 2012, the Company issued three convertible notes aggregating $105,000 to Asher Enterprises, Inc. (“Asher” and “2012 Asher Notes”). Among other terms the 2012 Asher Notes are due nine months from their issuance date, bear interest at 8% per annum, are payable in cash or shares at the Conversion Price as defined herewith, and are convertible at a conversion price (the “Conversion Price”) for each share of common stock equal to 50% of the average of the lowest three trading prices (as defined in the note agreements) per share of the Company’s common stock for the ten trading days immediately preceding the date of conversion. Upon the occurrence of an event of default, as defined in the Note, the Company is required to pay interest at 22% per annum and the holders may at their option declare the 2012 Notes, together with accrued and unpaid interest, to be immediately due and payable. In addition, the 2012 Notes provides for adjustments for dividends payable other than is shares of common stock, for reclassification, exchange or substitution of the common stock for another security or securities of the Company or pursuant to a reorganization, merger, consolidation, or sale of assets, where there is a change in control of the Company. During the nine months ended September 30, 2013, the holder of the Asher Notes converted an aggregate of $102,100 of principal and $2,900 of accrued and unpaid interest into 94,878,103 shares of common stock. The Company was previously in default of the Asher Notes as the Company did not maintain sufficient authorized shares reserved for issuance under the 2012 Asher Notes. The Company has received a default and demand notice for 200% of the remaining outstanding principal due, and accordingly, during the quarter ended September 30, 2013, the Company has increased the debentures payable to Asher by $40,900. As of September 30, 2013, the outstanding balance of the 2012 Asher Notes is $32,800, which is past due.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9622323
------------------------------------------------------
CEO Fong's OTHER SEC Suspended fraud is on the GREYS forever. Beware of this CRIMINAL
Fong's 1990 SEC Troubles and Miami Herald Exposure:
Equitex’s chairman and chief executive, Henry Fong, was investigated by the Securities and Exchange Commission in 1990.
“Fong, a Jupiter [Florida] resident and philanthropist, knows his way around money. As people rushed in to buy Equitex shares, Fong cashed out selling more than a third of his 1.6 million shares
as the stock peaked.
Back to the philanthropist Fong – the one who sold
one-third of his stock in Equitex to investors
clamoring to get on the Internet bank band wagon.
The Miami Herald wrote, “According to a 1990
complaint filed by the SEC, Fong took part in an
$8 million stock manipulation scheme involving
newly minted shares of Star Publications. The
story made the rounds as business journals drove
home the problem of penny stock fraud. But the
SEC case against Fong went nowhere, and it was
dropped when Fong agreed to return $73,775 in
profits.
In 1999, Duffy wasn’t concerned about Fong’s
past, telling the Miami Herald, “I’m the one who
put the deal together and Henry Fong has been
true to his word. I have no problem with the guy. I
think he’s one of the most trustworthy guys in
South Florida.”
Duffy forgot all about that statement two years
later when he was fired, locked out of his offices,
and removed as chairman in November 2001.
Outraged at his treatment, Duffy sued the bank and
received a judicial order on February 8, 2002,
putting him back in charge and barring the new
board from running the bank.
FONG HAD HIS FIRST SEC SUSPENSION September 2012.
The Fong Dilution Method. GRAS is Next.
Lets look at the companies Henry Fong has run and you will see a pattern. A pattern that SNVP will be repeating.!
China Nuvo Solar Energy, the predecessor to Surgline: Had no sales for years, only expenses. Raised almost $2 million. But China Nuvo bought technology, none of which it ever was able to exploit. Acquiring technology makes for great press releases, which China Nuvo was able to exploit, trading as high as $.16 a share—100 times the current price. And back then, 2006 to 2011, solar energy was “hot.” Now there has been a shakeout in the industry, profits are falling, it was time to exit the solar energy field and enter what Fong thought was the new “hot” field. To whom did China Nuvo sell its securities? From the July 2010 10k: On September 24, 2009, the Company issued 16,666,667 shares of its common stock upon the conversion of $65,000 of convertible debentures to non affiliated third parties. The shares were converted at $.0039 per share. On February 9, 2010, the Company issued 18,000,000 shares of its common stock upon the conversion of $54,000 of convertible debentures to non affiliated third parties. The shares were converted at $.003 per share. On April 1, 2010 the Company issued 55,940,455 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $123,069 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2010 is $314,172 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2011.
In the 2009 10-K:
On May 4, 2009, the Company issued 6,357,666 shares of its common stock upon the conversion of $17,500 of convertible debentures and $1,573 of accrued interest to non-affiliated third parties. The shares were converted at $0.003 per share. On June 5, 2009 the Company issued 7,092,195 shares of its common stock upon the conversion of $25,000 of convertible debentures to non-affiliated third parties. The shares were converted at $0.003525 per share. On July 27, 2009 the Company issued 21,697,324 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $98,650 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2009 is $437,241 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2010. On July 30 and 31, 2009, the Company issued in the aggregate 10,424,089 shares of its common stock upon the conversion of $42,500 of convertible debentures and $2,063 of accrued interest to non-affiliated third parties. The shares were converted at $0.004275 per share.
THIS IS HOW FONG SCAMMER OPERATE! NO..GOOD..LUCK..INDED!
THIS STOCK IS A FONG FRAUD SCAM! THERE ARE NO BUSINESS HERE!
ALL PR HERE IS FONG LIES! ONLY TO DUMP UNLIMITED MILIONS SHARES..
GRAS HAVE NOW SURE MORE THAN O/S 3 BILLIONS SHARES!
VERY SONNER FONG SCAMER WILL INCREASE AGAIN THE A/S!!!
VERY SOON A/S = 7 ~ 10 BILLIONS AND NO BID WILL COME FAST...
UNTIL END OF YEAR BIG REVERSE SPLIT IN GRAS!
INVESTORS REDUCED TO NOTHING... AND THE FONG PR BS GAMES STARTS AGAIN..
PUMP AND DUMP!
THIS IS HOW ALL FONG COMPANYS OPERATE!
Use this checklist on GRAS & SEE! SCAMMED!
Quote:A: Signs of a Scam
1. Lack of communication from the company. More Info
2. No verified/legitimate physical place of business. More Info
3. Incomplete/unprofessional looking website with very old updates, or used for direct shareholder communication. More Info
4. Brand new flashy website and corresponding PR, both providing only bits of vague information. More Info
5. Company officers/employees involved in other penny stocks. (hint: use google) More Info
6. Over-optimistic, hype filled, "too good to be true" statements from the company. More Info
7. Press Releases (PR's) with vague, inconclusive language, insubstantial details, and/or no hard numbers. More Info
8. Multiple PR's in a day, week, or other short period of time falling into the category above. More Info
9. Business models or products that just don't seem "right". (hint: ask yourself, "Would I buy this?") More Info
10. No follow-through on promises by management, eg. financials, share structure updates, uplistings, etc. More Info
11. A company that seems focused on the stock price and not the business. More Info
12. A pinksheet holding company with no actual owned holdings. More Info
13. A company that changes its business entirely, eg. going from petrified wood salvage to lottery machines. More Info
14. A company that pops up quickly into a newly hot business sector, often world news related. More Info
15. Employees immediately dumping stock received through a compensation program. More Info
16. A history of company name changes, symbol changes, and reverse splits. More Info
13. Incessant Dilution - See Part B. More Info
B: Signs of Dilution
1. Gagged Transfer Agent (TA). More Info
3. Inability to get a current share count from the company. More Info
2. Increasing Outstanding/Authorized share counts. More Info
3. Constant decline in price with rapidly increasing volume on chart. More Info
4. Decline in price with no material event as a cause. More Info
5. Large, even blocks of shares continually hitting the bid. More Info
6. A history of Reverse Splits after running the share price into the ground. More Info
7. The opening of a 504 Reg. D program. More Info
8. Convertible debenture programs disclosed in financials or company communication. More Info
9. Heavy coverage by penny stock promoters , mindless pumping on message boards, spam emails. More Info
10. History of pump and dump action on the chart. 1-3 day quick runs followed by steep high volume drops. More Info
11. Blaming low price and decrease in price on Shorting and Market Makers (MM's). More Info
11. Several signs of being a scam - See Part A. More Info
C: Signs of a poor stock for trading
1. Very low volume.. remember to think in Dollar Volume. More Info
2. Long periods of time (both short and long term) with little to no volume. More Info
3. Large spread between the bid and ask prices. More Info
4. Large, sporadic changes in price on low volume. More Info
5. A stock with a long term negative trend. More Info
6. A broker restriction on buying/selling the stock. More Info
7. A history of halted trading. More Info
8. Long waits to get your orders filled. More Info
9. Signs of being a scam or being plagued by dilution - See part A and B. More Info
http://www.pennystocknation.com/pennystockredflagchecklist.html
Get many "checks" on this list?
LMAO! FONGED!
GRAS = FONG SCAM!
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REVERSE SPLIT 1:500 IN NO TIME!!! ALL INVESTORS DREAMS DEVASTAED FOR ALL ETERNITY!!
FONG SCAM!!
why afpw shareholders know the michigan project have 44 solar painels.. and 1 wind turbine and not use hydrogene.. and use 3 bateries..
why we know this information from an solar site article..??
why not PR first with some details to shareholders?
this management is a joke.... AFPW
why? AFPW
HOW YOU KNOW THAT IS TRUE? AFPW
FONG'S SEC SUSPENSION: 2012
Here ya GO WITH Fong's name CLICK the OTCMARKET'S link.
HERE'S Fong's SEC Suspension.
FONG'S SEC SUSPENSION:
SGLN SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-67868.pdf
Order
http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf
Company Directors
Henry Fong
Thomas G. Toland
http://www.otcmarkets.com/stock/SGLN/company-info
----------------------------------------------------
Fong's 1990 SEC Troubles and Miami Herald Exposure:
Equitex’s chairman and chief executive, Henry Fong, was investigated by the Securities and Exchange Commission in 1990.
“Fong, a Jupiter [Florida] resident and philanthropist, knows his way around money. As people rushed in to buy Equitex shares, Fong cashed out selling more than a third of his 1.6 million shares
as the stock peaked.
Back to the philanthropist Fong – the one who sold
one-third of his stock in Equitex to investors
clamoring to get on the Internet bank band wagon.
The Miami Herald wrote, “According to a 1990
complaint filed by the SEC, Fong took part in an
$8 million stock manipulation scheme involving
newly minted shares of Star Publications. The
story made the rounds as business journals drove
home the problem of penny stock fraud. But the
SEC case against Fong went nowhere, and it was
dropped when Fong agreed to return $73,775 in
profits.
In 1999, Duffy wasn’t concerned about Fong’s
past, telling the Miami Herald, “I’m the one who
put the deal together and Henry Fong has been
true to his word. I have no problem with the guy. I
think he’s one of the most trustworthy guys in
South Florida.”
Duffy forgot all about that statement two years
later when he was fired, locked out of his offices,
and removed as chairman in November 2001.
Outraged at his treatment, Duffy sued the bank and
received a judicial order on February 8, 2002,
putting him back in charge and barring the new
board from running the bank.
FONG HAD HIS FIRST SEC SUSPENSION September 2012.
FONG AND MM' HAVE A SCAM CONTRACT!
FONG BUSSINES WORKS THIS WAY..
MM's SHORT BILLIONS OF SHARES AT MAXIMUM PRICE POSSIBLE TO INOCENT PEOPLE..
MM'S SHORT BILLIONS AND BILLIONS UNTIL COMPANY COME TO 0.0001 (COMPANY HELPS MM'S AND DUMP HARD TOO..)
THEN FONG USE FFFC COMPANY AND DUMP BILLIONS OF SHARES EXCLUSIVE TO MM's AT PRICE 0.0001 FOR THEY CLOSE THE SHORT AND PROFIT MILLIONS OF DOLARES..
AND WHEN MM's CLOSE THE SHORT THEY GIVE 30% OF THE SCAM PROFIT TO FONG OFFSHORE BANK ACCOUNT!
THIS IS HOW FONG BUSSINESS OPERATES..
-MM's WIN 70% OF THE SCAM
-FONG WIN 30% OF THE SCAM
-INVESTORS LOSE 100%
FONGED!
PEPS GETTING FONGED IN AFPW & FFFC & GRAS! FONG SCAM!
FONG SCAM IN AFPW
- FONG PROMISSE MARCH 2014 AIRFORCE CONTRACT! NOTHING HAPPENS
- BITCOIN COMPANY HAVE SOON 1 YEAR.. AND NOT START WORKING YET
- CELL TOWERS CONTRACT.. NOTHING HAPPENS
- DOD CONTRACT NOTHING HAPPENS
- REVERSE SPLIT 1:200 LAST YEAR
- NEW 4 BILLIONS DUMP IN 2014
- 0 REVENUES
FONG
AFPW INVESTORS
---------
FONG SCAM IN FFFC STOCK
- 5 BILLIONS DUMP
- 7K REVENUES
- RECEIVE 2 MILLIONS IN DUMP AND WILL BUY 70% OF ONE COMPANY FOR 50.000$
- FONG STOLEN 1.95MILLIONS TO HIS BANK
- REVERSE SPLIT SOON IN FFFC
----------
FONG SCAM IN GRAS STOCK
- HIGH DUMP
- LOW REVENUES
- PPS GOIN TO NO BID
- REVERSE SPLIT SOON
FONG SCAM IN ALL COMPANIES! BEWARE!!
FONGED!!!
----------
PR SOON! "We are pleased to announce in FFFC stock a reverse split 1:500 to have a better share struture and increase the shareholders value" commented Mr. Henry Fong, President and CEO of FastFunds Financial Corporation.
FONGED!!!
FONG SCAM in AFPW & FFFC & GRAS! BEWARE OR RIPOFF
............................................________........................
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.............................,.-”...................................“-.,............
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................./......................................................,:`^`..}....
.............../...................................................,:”........./.....
..............?.....__.........................................:`.........../.....
............./__.(.....“~-,_..............................,:`........../........
.........../(_....”~,_........“~,_....................,:`........_/...........
..........{.._$;_......”=,_.......“-,_.......,.-~-,},.~”;/....}...........
...........((.....*~_.......”=-._......“;,,./`..../”............../............
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............(....`=-,,.......`........................(......;_,,-”...............
............/.`~,......`-...............................\....../\...................
.............\`~.*-,.....................................|,./.....\,__...........
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S.E.C. SUSPENDED HENRY FONG FOR SHARE SELLING SCAM! BEWARE!
FFFC = FONG SHARE SELLING SCAM & REVERSE SPLIT SOON
AFPW = FONG SCAM
GRAS = FONG RIPOFF
FONG COMPANYES: AFPW / FFFC / GRAS ALL NO BID SOON!
BAD KARMA IN FONG COMPANIES!
WHAT YOU STILL NOT UNDERSTAND ON FFFC??? REVERSE..SPLIT..SOON MATE!
FFFC LAST REVERSE SPLIT WAS AT MORE THAN 2 YEARS
FFFC HAVE NOW ABOUT 5.5 ~ 6 BILLIONS SHARES
BID SOON 0.0001 / ASK 0.0002
YOU DONT KNOW WHAT HAPPNS TO ALL PENY STOCK WITH THIS CONDITIONS??
REVERSE SPLIT SOON!
THEN MASSIVE DUMP AGAIN AND BACK TO TRIPLES AGAIN
THIS IS HOW ALL FONG COMPANYES OPERATES
NO FONG LUCK INDED!
iHUB admins is very good persons and they not sleap! you violate the rules and create multiple accounts and admin suspended you!! very fair!!
I am very happy with admin service!!
FFFC no bid soon!
FFFC S.E.C SUSPENSION SOON! FONG LIE IN ALL PR!
FFFC = FONG SCAM
LMAO why are you suspended? admim suspended you! SEC will suspended FFFC SOON! :D
FONG CEO/CFO PROFESSIONAL PENNY STOCK SCAMMER GETS $308,000 IN FFFC STOCK. LOLzzzzzzzzzzzzz
During the year ended December 31, 2012, the Company entered into various agreements with certain of its non-affiliated creditors to convert various outstanding loans into restricted shares of the Company. The total amount converted was $235,725 and the Company issued 35,465,946 shares of common stock, at an average price of approximately $0.0066 per share.
On May 25, 2012 the Company issued 15,000,000 shares of restricted common stock in satisfaction of $367,500 of accrued and unpaid fees to Barry Hollander, the Company’s Acting President. The shares were issued at $0.02 per share. Mr. Hollander agreed to forgive the remaining $67,500.
On May 25, 2012, the Company issued 15,000,000 shares of restricted common stock in satisfaction of $308,549, comprised of accrued and unpaid fees owed to Mr. Henry Fong, a Director of the Company, legal fee reimbursement and accrued and unpaid interest on loans from Mr. Fong. The shares were issued at $0.02 per share. Mr. Fong agreed to forgive the remaining $8,549.
On May 25, 2012, pursuant to the Agreement in Note 1 above, the Company issued 90,000,000 shares of restricted common stock to Carbon Capture Corporation (“CCC”) in exchange for 100% of the common stock of their wholly owned subsidiary, Advanced Technology Development, Inc.
On May 25, 2012 the Company issued 1,410,255 shares of common stock to Asher upon the conversion of $5,500 of the 2011 Note. The shares were issued at an average price of approximately $0.0039 per share.
On June 14, 2012 the Company issued 1,434,264 shares of common to stock to Asher upon the conversion of $12,000 of the 2011 Note. The shares were issued at an average price of approximately $0.0084 per share.
On June 27, 2012 the Company issued 507,246 shares of common stock to Asher upon the conversion of $7,000 of the 2011 Note. The shares were issued at an average price of approximately $0.0138 per share.
In June 2012, the Company issued 3,200,000 shares of common stock pursuant to the exercise of warrants to purchase 3,200,000 shares of common stock. The exercise price of the warrants was $0.01 and the Company received $32,000.
On July 9, 2012 the Company issued 142,857 shares of common stock to Asher upon the conversion of the remaining balance of $500 of the 2011 Note and accrued and unpaid interest of $1,000. The shares were issued at an average price of approximately $0.0105 per share.
On October 9, 2012 the Company issued 35,714 shares of restricted common stock to Carebourn in consideration of fees related to the issuance of the Company’s $5,000 convertible note to Carebourn. The shares were valued at $0.014 per share and the Company recorded interest expense of $500 for the year ended December 31, 2012.
In October and December 2012, the Company issued 819,000 shares of Series A Preferred stock and 297,667 shares of Series B Preferred stock to CCC in exchange for their cancellation of 67,000,000 shares of common stock.
On December 10, 2012 the Company issued 6,111,111 shares of common to stock to Asher upon the conversion of $11,000 of the June 2012 Note. The shares were issued at an average price of approximately $0.0018 per share.
We offered and sold the securities in reliance on an exemption from federal registration under Section 4(2) of the Securities Act of 1933 and Rule 506 promulgated thereunder. We relied on this exemption and rule based on the fact that there were a limited number of investors, all of whom were accredited investors and (i) either alone or through a purchaser representative, had knowledge and experience in financial and business matters such that each was capable of evaluating the risks of the investment, and (ii) we had obtained subscription agreements from such investors indicating that they were purchasing for investment purposes only. The securities were not registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The disclosure contained herein does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, and is made only as permitted by Rule 135c under the Securities Act.
FIFTEEN IN FOUR STATES CHARGED IN PENNY STOCKS SCAMS
Also, Peter Mercaldi, 41, Aurora, Colo., Allied's current president; Anita Posey, 29, Denver, Colo., Allied's former head trader; the former co-managers of Florida offices at Pompano and Fort Lauderdale, Marti R. Baren, 38, and William F. Masucci, 29, both of Boca Raton, Fla.; Raymond G. Klingenberg, 47, Palm Beach, Fla. former owner of Allied offices in Wellington and Tampa, Fla; and Henry Fong, 54, Denver, president of an investing and money managing company.
http://www.apnewsarchive.com/1990/Fifteen-in-Four-States-Charged-in-Penny-Stocks-Scams/id-7ecfee366495968aa3ad5b4a5b0bd325
FONG very SHADY PAST INDEED!
FONG'S SEC SUSPENSION: 2012
Here ya GO WITH Fong's name CLICK the OTCMARKET'S link.
HERE'S Fong's SEC Suspension.
FONG'S SEC SUSPENSION:
SGLN SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-67868.pdf
Order
http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf
Company Directors
Henry Fong
Thomas G. Toland
http://www.otcmarkets.com/stock/SGLN/company-info
----------------------------------------------------
Fong's 1990 SEC Troubles and Miami Herald Exposure:
Equitex’s chairman and chief executive, Henry Fong, was investigated by the Securities and Exchange Commission in 1990.
“Fong, a Jupiter [Florida] resident and philanthropist, knows his way around money. As people rushed in to buy Equitex shares, Fong cashed out selling more than a third of his 1.6 million shares
as the stock peaked.
Back to the philanthropist Fong – the one who sold
one-third of his stock in Equitex to investors
clamoring to get on the Internet bank band wagon.
The Miami Herald wrote, “According to a 1990
complaint filed by the SEC, Fong took part in an
$8 million stock manipulation scheme involving
newly minted shares of Star Publications. The
story made the rounds as business journals drove
home the problem of penny stock fraud. But the
SEC case against Fong went nowhere, and it was
dropped when Fong agreed to return $73,775 in
profits.
In 1999, Duffy wasn’t concerned about Fong’s
past, telling the Miami Herald, “I’m the one who
put the deal together and Henry Fong has been
true to his word. I have no problem with the guy. I
think he’s one of the most trustworthy guys in
South Florida.”
Duffy forgot all about that statement two years
later when he was fired, locked out of his offices,
and removed as chairman in November 2001.
Outraged at his treatment, Duffy sued the bank and
received a judicial order on February 8, 2002,
putting him back in charge and barring the new
board from running the bank.
FONG HAD HIS FIRST SEC SUSPENSION September 2012.
----------------------------------------------------
The Fong Dilution Method. AFPW is Next.
Lets look at the companies Henry Fong has run and you will see a pattern. A pattern that SNVP will be repeating.!
China Nuvo Solar Energy, the predecessor to Surgline: Had no sales for years, only expenses. Raised almost $2 million. But China Nuvo bought technology, none of which it ever was able to exploit. Acquiring technology makes for great press releases, which China Nuvo was able to exploit, trading as high as $.16 a share—100 times the current price. And back then, 2006 to 2011, solar energy was “hot.” Now there has been a shakeout in the industry, profits are falling, it was time to exit the solar energy field and enter what Fong thought was the new “hot” field. To whom did China Nuvo sell its securities? From the July 2010 10k: On September 24, 2009, the Company issued 16,666,667 shares of its common stock upon the conversion of $65,000 of convertible debentures to non affiliated third parties. The shares were converted at $.0039 per share. On February 9, 2010, the Company issued 18,000,000 shares of its common stock upon the conversion of $54,000 of convertible debentures to non affiliated third parties. The shares were converted at $.003 per share. On April 1, 2010 the Company issued 55,940,455 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $123,069 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2010 is $314,172 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2011.
In the 2009 10-K:
On May 4, 2009, the Company issued 6,357,666 shares of its common stock upon the conversion of $17,500 of convertible debentures and $1,573 of accrued interest to non-affiliated third parties. The shares were converted at $0.003 per share. On June 5, 2009 the Company issued 7,092,195 shares of its common stock upon the conversion of $25,000 of convertible debentures to non-affiliated third parties. The shares were converted at $0.003525 per share. On July 27, 2009 the Company issued 21,697,324 shares of its common stock upon the two year mandatory conversion of the Company’s preferred stock of $98,650 (the “Stated Value”). Per the terms of the Certificate of Designation, the preferred stock converted at the result of the Stated Value multiplied by 120%, divided by the average of the closing price for the twenty (20) days prior to the conversion multiplied by seventy five percent (75%). This conversion represents only a portion of the preferred stock outstanding. The remaining amount of preferred stock outstanding at July 31, 2009 is $437,241 and the holders of those shares and the Company have agreed to extend the mandatory conversion period for one additional year to July 27, 2010. On July 30 and 31, 2009, the Company issued in the aggregate 10,424,089 shares of its common stock upon the conversion of $42,500 of convertible debentures and $2,063 of accrued interest to non-affiliated third parties. The shares were converted at $0.004275 per share.
FONG DUMP 5 BILLIONS SHARES IN 2014 AND HAVE 7K REVENUES!
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FONGED!
FONG AND MM' HAVE A SCAM CONTRACT!
FONG BUSSINES WORKS THIS WAY..
MM's SHORT BILLIONS OF SHARES AT MAXIMUM PRICE POSSIBLE TO INOCENT PEOPLE..
MM'S SHORT BILLIONS AND BILLIONS UNTIL COMPANY COME TO 0.0001 (COMPANY HELPS MM'S AND DUMP HARD TOO..)
THEN FONG USE GRAS COMPANY AND DUMP BILLIONS OF SHARES EXCLUSIVE TO MM's AT PRICE 0.0001 FOR THEY CLOSE THE SHORT AND PROFIT MILLIONS OF DOLARES..
AND WHEN MM's CLOSE THE SHORT THEY GIVE 30% OF THE SCAM PROFIT TO FONG OFFSHORE BANK ACCOUNT!
THIS IS HOW FONG BUSSINESS OPERARES..
-MM's WIN 70% OF THE SCAM
-FONG WIN 30% OF THE SCAM
-INVESTORS LOSE 100%
FONG AND MM' HAVE A SCAM CONTRACT!
FONG BUSSINES WORKS THIS WAY..
MM's SHORT BILLIONS OF SHARES AT MAXIMUM PRICE POSSIBLE TO INOCENT PEOPLE..
MM'S SHORT BILLIONS AND BILLIONS UNTIL COMPANY COME TO 0.0001 (COMPANY HELPS MM'S AND DUMP HARD TOO..)
THEN FONG USE FFFC COMPANY AND DUMP BILLIONS OF SHARES EXCLUSIVE TO MM's AT PRICE 0.0001 FOR THEY CLOSE THE SHORT AND PROFIT MILLIONS OF DOLARES..
AND WHEN MM's CLOSE THE SHORT THEY GIVE 30% OF THE SCAM PROFIT TO FONG OFFSHORE BANK ACCOUNT!
THIS IS HOW FONG BUSSINESS OPERARES..
-MM's WIN 70% OF THE SCAM
-FONG WIN 30% OF THE SCAM
-INVESTORS LOSE 100%
FONG AND MM' HAVE A SCAM CONTRACT!
FONG BUSSINES WORKS THIS WAY..
MM's SHORT BILLIONS OF SHARES AT MAXIMUM PRICE POSSIBLE TO INOCENT PEOPLE..
MM'S SHORT BILLIONS AND BILLIONS UNTIL COMPANY COME TO 0.0001 (COMPANY HELPS MM'S AND DUMP HARD TOO..)
THEN FONG USE AFPW COMPANY AND DUMP BILLIONS OF SHARES EXCLUSIVE TO MM's AT PRICE 0.0001 FOR THEY CLOSE THE SHORT AND PROFIT MILLIONS OF DOLARES..
AND WHEN MM's CLOSE THE SHORT THEY GIVE 30% OF THE SCAM PROFIT TO FONG OFFSHORE BANK ACCOUNT!
THIS IS HOW FONG BUSSINESS OPERARES..
-MM's WIN 70% OF THE SCAM
-FONG WIN 30% OF THE SCAM
-INVESTORS LOSE 100%
I PREDICTED O/S MORE THAN 3 BILLIONS.. BUT LOOKS LIKE HAVE ONLY 2.5 BILLIONS..
FONG SAVE 970 MILLIONS TO DUMP AT 0.0001 TO GIVE TO MM'S NITE.. ETFR.. AND OTHERS.. FOR THEY CLOSED THE SHORT POSITION AND GIVE 30% OF THE PROFIT TO FONG!
FONG AND MM' HAVE A SCAM CONTRACT!
FONG BUSSINES WORKS THIS WAY..
MM's SHORT BILLIONS OF SHARES AT MAXIMUM PRICE POSSIBLE TO INOCENT PEOPLE..
MM'S SHORT BILLIONS AND BILLIONS UNTIL COMPANY COME TO 0.0001 (COMPANY HELPS MM'S AND DUMP HARD TOO..)
THEN FONG USE AFPW COMPANY AND DUMP BILLIONS OF SHARES EXCLUSIVE TO MM's AT PRICE 0.0001 FOR THEY CLOSE THE SHORT AND PROFIT MILLIONS OF DOLARES..
AND WHEN MM's CLOSE THE SHORT THEY GIVE 30% OF THE SCAM PROFIT TO FONG OFFSHORE BANK ACCOUNT!
THIS IS HOW FONG BUSSINESS OPERARES..
-MM's WIN 70% OF THE SCAM
-FONG WIN 30% OF THE SCAM
-INVESTORS LOSE 100%
NO FONG CHANCE! I WILL WAIT FOR THE NEXT REVERSE SPLIT NOW..
IM GLAD THAT I SOLD MY ALL SHARES AT 0.0007's AND 0.0008's.. I PREDICTED NO BID AGAIN.. AND FOR SURE WILL COME SOON
I NOT BUY MORE FONG COMPANIES FOR NOW.. I ALREDY GET FONGED WITH LAST REVERSE SPLIT IN AFPW..
BETTER WAIT FOR NEXT REVERSE SPLIT AND WAIT FOR SHARES DOWN AGAIN TO 0.0001 / 0.0002 AND THEN RELOAD FULL BOAT AND TRY TO MAKE SOME MONEY
FOR NOW.. WITH THIS MASSIVE FONG DUMP.. I ONLY SEE FUTURE IN THE NO BID DARKNESS..
AFPW
with 1 billion bid? GLTU to get any shares LMAO
if you want buy at 0.0001 you need to wait more some weeks when fong start dump hard again
fong have more 970 millions to dump and complete the 3.5 billions A/S
bid = 1 billion.. maybe you can get some cheaps in next weeks if you have order in bid to buy
this is BS number shares! NO TRUE! fong scam fillings says
Number of shares of common stock outstanding at July 31, 2014: 2,531,611,417
NO BS! DARKNESS COMING