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So, all the PRs to hype up the sp, gave the shares away to make him looked good. Now what? Is AMSN going to drill or what? Or is Sandy waiting for the sp to drop further then have a share buy-back program again?
No harm done. Don't have an active interest anyway.
The whole thing (Sandy et al)is just too fishy. How can Sandy justify casting off AMSN to BKMP share holders as a thank you gesture if it is going to be worthless?
Thanks, guys. You've been a great help. I guess I'll try to write to them first. Any opinion on RVWS?
Can I complain to SEC or any relevant bodies then?
RVWS.PK Just another pump and dump my broker sold me.
O/T Jim, I am still tying up the loose ends since my broker disappeared. Would you mind telling me how I can find the transfer agent of a particular stock? I've tried tadirectory.com but no luck. And this firm in Canada TWD or TDW, is it worth involving it ?
Rasica, as you know I paid for my AMSN rather than getting them as freebie. Would you tell us who are the folks that are evaluating this stock hard at present, just to calm my nerves.
Yeah,nice find. So, John Works has a foot in both companies. But, what is the relationship with AMSN? I still don't get it. Please enlighten me.
So, is all the PR a POS then? If it is, can we raise a class action against AMSN? Are we still saying AMER's annual report = AMSN's? Which is the shell company?
I am not sure if this is right, but by dispersing the shares it also make a takeover of AMSN difficult.
Jester_1us, that what I suggested to him. But he said it would be consider as insider trading. Probably kidding me on, I said what do you care about insider trading when you are in Antigua! Regarding the drilling result, he said, referring to a site in Qubec, was favourable but have no cash. So, to raise cash Suncrest approach whoever is in the background. And instead of lending them money, these people in the background wants to take it over. Is this a whole POS?
Thanks, 50plus.
Thought so, thanks Jim. What do you think of the take over story then? Have you heard anything?
Jim, please help me with this one. I promise not to hold you to any advice you give. There is this guy claimed to work for a group of investors aiming to take over Suncrest. And he wants my restricted stocks. However, he does not want AMSN restricted shares. Why? The catch is, I have to buy warrants from Commonwealth Captial at $1.74 per share per warrant. He said, with the warrants attached to the share certificates, the restriction can be lifted. Is that true? No need to go through the official TA? The NASD complaint regarding Midland Porter was not upheld as they have no jurisdiction over it. However, NASD warned me that my detail may have been passed on to its associates and asked me to watch out for "reload" scam and "advanced fee" scam. Now, this buying of warrants to me looks like an advance fee scam. What could be the worse scenario when I bought the warrants? Can he then refuse to buy my shares of Suncrest at the agreed price? How can I safeguard a deal?
Did you say something big in a few weeks or few months, or few years?
Oops, I am doomed. Someone somewhere is having a laugh. Does that means AMER and AMSN are related then? They have the same mum/dad! What is the point of changing hands of various interests in oil fields and generating PRs? This restructuring thing is so confusing.
Any idea what happen to Central Asia Development and Construction Co.Ltd?
Thanks Jim. Do you think all these spin-offs, name changes and IPOs are an exit strategy, ie, the share price is going to dwindle down to nothing?
Jim, may I pick your brain on the share price of AMER? It seems to be falling steadily form late 2004.
Cartouche, it's snowing outside and I have nothing to do, so I did a bit of digging. I checked on the location of Sorokinskiy and Permskiy (location of the oil companies in the PR 12.5.2005) using www.mapquest.com. The two cities do exist. I check back on the amerossi.com site. There are five flashing dots on the world map. On the Russia side, I could correspond the top left and the bottom one to be the two locations. The PRs of AMER and AMSN I would say were virtually identical. The TAs of AMER are in the US and Canada. Why I still don't understand they still keep things quiet? What is the point of selling part of your porfolio to another similar company bearing a similar name? If AMER wants to raise more money to expand further, what is stopping it? Can you get you hands on the AMER annual report which is said to be available end of 2005?
Any reason why the websites of both AMSN and Kachina Gold both shut down?
Anyone smell a rat? Opinion welcome... I was approached by Commonwealth Capital today. It wants to by my Suncrest Energy. As a restricted shares, I will have to pay $1.75 per share to lift the restriction. It claims to have warrants to lift the restriction. It offered to buy at $12 per share, ie $1.2 after the split. Too good to be true? Probably is! What is it playing at?
Please excuse my ignorance, who's TA?
Hi Jim, what's your plan with your restricted divys? Are you going to register them yourself when the year's up?
Hi SB, no, I've not heard of Commonwealth Capital. If I were you, I will stay out of them. I will trust Jim for this one. Unless, of course, if I can sell them my restricted shares and get my money back.
Hi SB, I am still very unsure about this share. Let's say I've been had with Midland Porter, a boiler room, OK, who sold me this AMSN. Would you buy it now?
Cartouche, great post. I hope there is an association between AMER and AMSN. I would be very crossed if some small fish I am doing business with have a similar name as me but not connected to me, right?
AMSN has an E.S.P. 0.01 and P/E ratio 25. Not bad for a pinky?
Thanks cartouche. I thought you bought the AMSN rather than received it as a divy. Anyway, since you own BKMP, I guess your broker had checked them out for you. If BKMP is as good as it looks, I shall settle my mind that AMSN will have a long term prospect. What's your broker's opinion?
I guess one should stay out of day-trading this stock.
Cartouche, are you still there? Checked on you earlier post, how is Brown Brothers treating you? What do you / Brown Brothers think of AMSN now?
SB, do you know what I see as a long term investment? A short term investment that went wrong! I suppose if the company is not set out to defraud the investors, this stock looks promising. Of course, there are aggressive players who do short selling. Hope they get their fingers burnt when the company pays handsome dividens.
Hi SB, see, osignal2001 had fallen for the Amerossi name! Well, Mel did traded other restricted stock before the date was due. I think it is what they call OTC (over the counter) as long as a price is agreed. I should not divulge on my cost price. Suffice to say I am sitting at a loss. I am not sure about the restriction date. If is one year from the date when the securities is fully paid for, I am well ahead of the divys. There is no more offshore accounts anymore in the EU since 9/11. Elsewhere in the world the regulation is also very tight. I am not in any rush to cash in the profit when it comes. I am happy to take a long term view for an oil company if it is as good as it sound on paper. Before I find another broker, I need to raise a complain first as I still have other share cert. outstanding. Frankly, I would not rush in for AMSN. You should probably see some insider start bulk buying when the good news is about to come out. Remember, ok, the stock did climb very high before the split and name changed. If the name is good, why change it? For the whole period when the price was climbing, it was under the broker's control. There was no bid, not on a free market. The MM set the price at 0.3 for a reason. My opinion is no financial figures, no buy. One thing I do like is that the contracts of drilling probably does not require AMSN to come up with oil. It is a way to generate income to sustain other activities.
Hi Jim, how do you get the 400K worth of the stock if you don't mind me asking?
Thomasdenmark_1, don't build you hopes up. 600 bucks are neither here nor there. We need to see bigger buys which means somebody in the know are confident with AMSN. I don't think you will see big buys unless the drill reports are out and we start getting oil from the ground.
Hello SB, time difference, I am in the UK. Well, when I couldn't sleep, I thought why would Midland Porter and Mel disappeared? I was with him for three years! He had made paper profits all the time during the three years. Yes, he has now sold me a shit load of restricted shares which tied up my capital for years, and probably won't get another trade out of me. But if he is in the know that one day this stock will make me a millionare, I still won't blame him. When he vanished, I suspect the stock outlook is grim. Another hunch, why Suncrest has to rename as Amerossi Internation group to mimic another giant in the sector? Why not call yourself Snucrest International Group? Is it to confuse people into doing business with you thinking that you are the Big Amerossi? Or confuse the investor into thinking that they are getting a bargain by buying a pinky which will be part of a giant? Or is the two Amerossi really related? If you want to be independant, call yourself another name. OK, the PR looked really good and convincing. With the oil reserve in Russia alone makes impressive reading. But is the oil easy to extract. "Easy" oil in the world is not in hugh quantity any more. I think we are now into extracting "difficult" oil which will cost more. But as long as the oil price stays high, we will be OK. Terrablock and Kachina Gold made perfect sense, you dig up the ground, get the gold, turn the soil into building block and make more money. My new step? find another broker and ask for advice.
Share-buster, Mel is a guy. Mel started to cold call me in Clarkson Gordon, to buy "normal" stock. He moved from Clarkson Gordon to Brentwood Hall to Castle Blake to Midland Porter. Then the Pinkies started , eventually the IPO. Every time he moved, I was well informed. The reasons for the moves were EU states changes and offshore account status will change, merger with other firms. Brentwood Hall is a known boiler room in the UK Financial Service Authority. I am a novice at shares. Don't trust me. If you look up the regulations regarding the trading of restricted securities, it is almost impossible to offload 400K worth of the stuff. This is a high risk and potentially high return situation. Trust no one.
Am I right that BKMP paid $0.2 dollar per share of AMSN, so over $20 millons worth of interest of Kachina and Terrablock now belongs to AMSN.
Shortchange, can you recommend wher to dig for info?