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Those are valid questions that should be answered.
Received on Sunday a fax blast from The Energy Bull promoting HYBR.
"the Energy Bull has been compensated $20,000 by a third party"
Hey, a lot of companies are seeing declining revenues these days, so I guess Global Roaming is doing pretty good!
Another full page ad today for HYBR in the front section of USA Today - page 8 I think. Same ad as the one on May 8 I believe.
I got the Eric Dany promotion in today's mail as well. The publisher received 3,340,000 shares.
I wonder how much they will end up in cash from that?
At the typical $700,000 per promotion, that's about 20 cents per share.
Thanks, they are definitely on topic. Just that they don't reflect positively on the topic. For example, he deleted the first part of the Baines article (it was too long to put on one post) that I posted, although he seems to have overlooked Part 2.
Moderator is deleting my posts on GTXO thread. Please help stop censorship by sending pm to Matt. Thanks
Moderator is deleting any posts containing negative information on GTXO thread -that censorship really makes me mad.
http://investorshub.advfn.com/boards/board.asp?board_id=12176
Another in a long line of obvious shells
David Baines, Vancouver Sun
Published: Thursday, May 15, 2008
One of the seed shareholders, Phil Tapley, told me he sold his shares "to a person who came along." He said he didn't know the person and couldn't recall his name, but he remembers that he made a small profit.
Another shareholder, Matt Wubs, said Sharpe "suggested this fellow would be willing to take the shares off my hands for what I paid for them." He also said he didn't know this person, but he made a small profit.
Trevor Kojima also sold his shares, but couldn't recall the circumstances. "I guess I was told what to do," he said. He also made a small profit.
Kelly Uniewski couldn't recall much about the shares she bought. "I think I did sell them. I can't recall the circumstances. You can see I'm not well-versed in this."
As vague as these accounts are, they follow a very familiar pattern. Seed shares are doled out to compliant people who are quite willing to relinquish them at a later date for a small profit. In most cases, the shares are acquired by the promoters, giving them a lock on the stock. At that point, the promotion is shifted into high gear.
In March this year, Sharpe announced that Deeas would acquire Global Trek Xploration, a California company that is developing miniaturized GPS tracking technology that can be used in running shoes.
To pay for Global Trek, Deeas would issue 18 million shares to the shareholders of Global Trek, which would give them control of the company.
Sharpe agreed to cancel his 1.5 million shares for $120,000 cash, which after subtracting the cost of his shares, netted him $90,000. He was also given a generous stock option package and a seat on the board. Concurrently, Deeas changed its name to GTX Corp., completing the metamorphosis of the company from grub to butterfly. With a new name, a new business, and all (or virtually all) of the shares under wraps, it was time to get this party started.
The stock began trading on the bulletin board on March 17 at $1.50. Days later, Geoffrey Eiten, publisher of OTC Financial Network, published and distributed a boosterish report on the company. Eiten has hyped many Vancouver "pump and dumps," including Lamperd Less Lethal Ltd. and Silver Star Energy Inc., which had the distinction of being raided by the Vancouver RCMP Integrated Market Enforcement Team in 2005.
Eiten said the company had already received request for its GPS products from 19 countries. "On average, GTX Corp. receives four to six new inquiries per week from prospective licensees," he reported.
Meanwhile, he said, thousands of individuals had expressed interest in buying the company's GPS units. "With a projected retail selling price of around $200 per pair, the Smart Shoe addresses an immediate marketing opportunity of approximately $31.2 million in hardware sales and $28.4 million in subscriber fees."
This report, and accompanying e-blasts, are not exactly unbiased. The report's disclaimer notes that a third party named Global Corp Services paid OTC Financial Network the colossal sum of $902,500 for marketing services, including publication and dissemination of Eiten's newsletter.
Sharpe said he doesn't know who Global Corp is. Whoever they are, they are certainly enhancing the value of his options. The stock traded up to $2.70 this week, giving the company a total stock market value of about $100 million.
"I have to be honest," Sharpe said to me. "It's pretty ridiculous some of the things stated [in the newsletter]. They have not been sanctioned by the board. We are convening a meeting later this week to consider the best way of letting the public know what's sanctioned and what's not."
This sounds good, but the report has already been out for weeks. I am reminded of the woman who, feigning indignation, gives the man sitting next to her 10 minutes to get his hand off her thigh.
Nice list. Quality companies all.
What is it's real value?
from Wannigan Ventures 10K of April 2008
Chancery Lane Investment Group Inc. is owned and controlled by Andrew Godfrey, 51 dean St., Belize city, Belize, Central America.
from Aldar Group S-1
1) Chancery Lane Investment Group, Inc
R141 - 757 West Hastings St., Ste. 528 Vancouver, BC Canada V6C 1A1
Thanks, I see what you mean. Perhaps so.
Pursuant to a Stock Purchase Agreement dated April 15, 2008 (the “Stock Purchase Agreement”), with Blue Diamond Investments Inc. (the “Purchaser”), at a closing held on April 18, 2008, we sold the 80,000,000 shares of common stock of Zingo held by us to the Purchaser for $215,000. The sale price approximated the independent valuation of $214,921 for our interest in Zingo that we received from a certified general appraiser as of December 10, 2007. Our stockholders, at our annual meeting held on December 21, 2007, discussed and approved the sale of our interest in Zingo for this price. Pursuant to the Stock Purchase Agreement, we also assigned to the Purchaser all receivables or debt obligations of Zingo owing to or held by us at March 31, 2008.
An Andrew Godfrey is the signatory for Blue Diamond...
whistles, could you run that by us one more time, but slowly. Who do you think is paying?
thanks, Peter
Ryan:
Do you think there ever really were investors, as in people who actually bought this stock above $1.00.
Many times insiders trade amongst themselves to create the illusion of a public market at a high value - but it's just an illusion.
I suppose perhaps a few people bought the stock, but no more than $1 million worth I'd guess.
peter
On May 12, 2008, GTX Corp, a Nevada corporation, ("GTX Corp" or the "Company") completed a sale to thirty-four (34) investors pursuant to a Securities Purchase Agreement of $1,742,000 in units (each a "Unit") of the Company's securities at a price of $1.00 per Unit (" Financing") . Each Unit consists of one share of common stock ("Common Stock") and one warrant ("Warrant") to purchase one share of Common Stock. Each Warrant is exercisable at an exercise price of $1.50 per share for a term of three years. Accordingly, an aggregate of 1,742,000 shares of Common Stock and Warrants to purchase an additional 1,742,000 shares of Common Stock were issued to investors. The Common Stock and Warrants issued in the Financing have standard piggy-back registration rights. The net proceeds of the financing will be used by GTX Corp for general working capital purposes.
GTX Corp agreed to pay up to 7% cash and 7% warrant coverage as commissions to registered broker-dealers or unregistered finders in connection with the Financing. As a result GTX Corp paid an aggregate of $118,750 and 118,750 Warrants to five (5) finders.
I perceive GTXO ads on CNBC as a strong indication of a pump and dump.
It would not be the first time.... what was that supposed aircraft charter company that got shut down last year? They advertised an awful lot.
Is it true that GTXO has advertisements running on CNBC? I have read that recently on another site.
"On May 8, USA Today devoted a full page to information on Hybrid Technologies"
You failed to mention that this was a paid advertisement. Disengenuous on your part, at best.
Moreover, the ad was pushing readers to buy the stock, not the product. Just another paid pump, which you have characterized, carefully, as an editorial piece.
The advertisement failed to disclose who paid for the ad.
Design & Technology Company Isaac Daniel Introduces Quantum Satellite Technology Featuring GPS Modules Embedded in Sneakers, Boots and Shoes
Advanced Technology & Style
By: Aaron Reed
Nov. 28, 2006 03:30 PM
I wonder what does GTXO have that isn't already out?
http://www.gearlive.com/index.php/news/article/keep-tracking-gps-shoes-01031242/
36,520,963 common shares issued and outstanding as of April 10, 2008. Share price at 2.65 for a market cap of $60 million
GTXO became public via a reverse merger in March 2008. The owners of the acquired, 'operating company' received only 50% of the total stock - in other words they paid for the public shell with half of their company.
On March 14, 2008, GTXO "completed a $2,000,000 private placement of units of the Company at $0.75 per unit and converted a $1,000,000 GTX bridge loan and interest into units of the Company at $0.75 per unit."
"Before the Closing of the Exchange Agreement, we had approximately 2,176,000 common shares issued and outstanding. Upon completion of the Exchange Agreement on the Closing Date, we had approximately 36,040,963 common shares issued and outstanding based upon: (i) the cancellation of 1,500,000 pre-split common shares held by Jeffrey Sharpe; (ii) the 20.71 for 1 forward tock split; (iii) the issuance of 18,000,001 common shares to the Selling Shareholders at the Closing; (iv) the issuance of 2,666,668 common shares pursuant to the Financing; and (v) the issuance of 1,374,334 common shares pursuant to the conversion of the $1,000,000 bridge loan plus accrued interest of $30,750. The issuance of 18,000,001 common shares to the Selling Shareholders represents approximately 50% of our share capital as of the Closing of the Exchange Agreement."
So the original 2.18 million shares became .68 million, and then became 14.1 million. 18 million were issued to the private owners of Global Trek, and then more shares were issued at $0.75 to raise some cash.
Let's take a serious look at what GTXO really is....
all this rah rah without any substance is just fluff
A Carl L Smith is CEO of SUNV - probably the same person as accused by the SEC:
http://www.sec.gov/litigation/admin/33-8309.htm
The Securities and Exchange Commission ("Commission") deems it appropriate that public cease-and-desist proceedings be, and hereby are, instituted pursuant to Section 8A of the Securities Act of 1933 ("Securities Act"), against Research Capital, LLC ("Research Capital"), Carl L. Smith, III ("Smith"), Richard Craig Hall ("Hall"), IR Specialists, Inc. ("IR Specialists") and Wayne H. Jenkins ("Jenkins") (collectively "Respondents")....
1. This matter involves a common abuse found among certain small publicly held companies. In recent years, many such companies have hired stock promoters to tout their shares on stock-picking websites and through mass-mailed e-mail messages (commonly known as "spam"). The promoter is often compensated in the form of purportedly unrestricted shares of the company's common stock, which the promoter sells after its touting has attracted investor interest in the company....
4. Smith, 34, of Osprey, Florida, is the managing member and sole owner of Research Capital.
On April 30, 2008, accredited investors purchased an aggregate of 23,592,380 shares of common stock (the “Shares”) at $0.10 per share for an aggregate purchase price of $2,359,238 from Sunovia Energy Technologies, Inc. (the “Company”). The funds raised will be utilized by the Company for the development of the scalable CdTe-based solar cell manufacturing facility and sales of the EvoLucia(TM) LED-based solid-state lighting solutions.
The Shares were offered and sold to the accredited investors in a private placement transaction made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 and Rule 506 promulgated thereunder. Each of the Investors are accredited investors as defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933.
HDY up 50% this morning on news.
Did YA Global financing in February 2008.
from RealMoney:
"An April 17 column, World Food Shortage Stock Plays, incorrectly described Eden Biosciences (EDEN) as a producer of the Messenger product. The micro-cap company, in fact, only markets the product through its small home and garden distribution business. TheStreet.com regrets the error. (Corrected April 18) "
=DJ IN THE MONEY: With JayHawk Energy, It's What You Don't Know...
By Carol S. Remond
A Dow Jones Newswires Column
What JayHawk Energy Inc. (JYHW) does, owns and earns may be known,
but it's the whole load of unknowns about the oil and gas explorer
that warrant caution.
In its short corporate life, JayHawk has issued millions of
unregistered securities to help it buy some mineral leases and
projects in Kansas and North Dakota. As of Dec. 31, the company had
$292,615 in cash and $2.5 million in total assets, including $2.2
million in unproved mineral properties and $543 in equipment. Its
corporate office is located in a virtual suite in a Colorado suburb.
But here are reasons investors should be cautious:
It's not clear who is behind promotional reports suggesting
investors should load up on JayHawk Energy stock. One mysterious
entity paid almost half a million dollars to finance glossy reports
and emails touting the company's stock. The identity of offshore
investors who financed the company's purchases of oil and gas leases
is also a mystery.
And who is behind Berigan Portfolio Inc., an entity that extended a
$550,000 credit line to JayHawk Energy just seven days after it said
it would become a mining company and ended up with 1.2 million shares
and warrants?
JayHawk Energy came to life as a mineral exploration company a year
ago after a Colorado-based jewelry-making public shell named Bella
Trading Company Inc. changed its corporate aspirations.
Sara Preston, the 29-year old sole executive of the company,
resigned her positions as president and chief executive in April and
as director in July. At that time, Idaho-based mining executive
Lindsay Gorrill took the helm of JayHawk Energy as president, CEO,
secretary and a director. Meanwhile, Colorado local Joseph Young, who
had stood in as CEO and president from April to early July, was named
chief financial officer. The two executives also serve in various
corporate positions for other publicly traded companies.
With all of its pawns in place, JayHawk Energy started issuing stock
and purchasing mineral properties that same month. So far, the company
has made three acquisitions in Kansas and one in North Dakota.
Most of that stock was issued under Regulation S, a Securities and
Exchange Commission regulation that permits companies to not register
stock they sell outside the U.S. to foreign investors. Stock issued
under Reg S exemption is typically restricted for six months during
which investors cannot sell it.
CEO Gorrill said in an email that the company is in the process of
"commencing our drilling program." He said rain has been a problem but
that "this week has been better and we should have a number of wells
completed."
Asked about JayHawk Mineral's corporate office, Gorrill first said
that it shared offices with other companies and that its CFO and a
secretary occupied space there. When told that this reporter visited
the location and found nothing but empty offices, Gorrill said that
"almost all our office is in Kansas right now." He later described the
Colorado office in an email as a "satellite office" and said that
"most of the work in done out of our field office in Gerard, Kansas."
Gorrill said he has no idea who is paying for newsletters and emails
promoting JayHawk Energy's stock. He ventured that a shareholder might
be behind the effort.
Paid For Touting Sheets
Earlier this year, a promotional newsletter called Scott Fraser's
Elite Stock-Market Advisory started touting JayHawk Energy's stock as
the greatest thing since sliced bread.
Fraser, a former stockbroker with a long track record promoting
penny stocks, said in a disclaimer attached to a recent newsletter
that Mass Media Advertising paid publisher Natural Contrarian Inc.
$450,000 to enhance public awareness of JayHawk Energy.
The newsletter, and emails mimicking it, are typical of many touting
sheets, extolling the merits of the stocks they feature without going
into too many details about their shortcomings.
"I Offer You 6000% on Your Money - Right Now. Buy, Jayhawk Energy
(JYHW) at $2.50 - You'll be Thanking Me for Your Next $100 Oil-Stock,"
the newsletter screams in bold letters, predicting the stock could
move to $100 "within a 90 day period."
In 2003, the Securities and Exchange Commission issued a
cease-and-desist order against Fraser, alleging he disseminated false
and misleading statements relating to the performance of some previous
stock picks in emails sent to attract new subscribers. Fraser
consented to the order without admitting or denying the SEC findings.
CEO Gorrill said he doesn't know who is behind Mass Media
Advertising and that the entity isn't listed on the company's most
recent shareholders list.
Gorrill said he had read the Fraser report and liked it although he
"might not have been as aggressive."
Various online searches yielded no information about Mass Media
Advertising.
Same goes for Davis Jones Research, another outfit sweet on JayHawk
Energy. The Web site www.davisjonesresearch.com was registered
anonymously on Jan. 30, just 15 days before it published a report
listing the "Top 5 Reasons Investors Are Buying JayHawk Energy."
Gorrill said neither he nor the company financed any part of the
reports.
Promotional activity aside, there is very little information about
JayHawk Energy shareholders.
Gorrill is the largest single shareholder with four million shares,
which he said are restricted. According to JayHawk Energy's latest
quarterly filing, there were 36.9 million shares outstanding on Feb.
13. The company issued another 599,939 shares on April 15 to two
shareholders who exercised warrants to purchase shares at $1 each.
In an email, JayHawk Energy CEO Gorrill said he doesn't know who
controls Berigan Portfolio, which he identified as a European fund.
Berigan received 562,679 units of stock issued under Reg S exemption
last July in repayment for a credit line extended to the company in
April. Each unit consisted of one share and a warrant to purchase
another share for $1.
There is no information available online about Berigan. Asked about
the entity, Gorrill said in a telephone conversation that Berigan came
into play last year before the company became a mining concern.
"I knew one of the people involved and said, 'I'm in the oil and gas
business, let me take over the company.' But I wanted all the debt
gone, which is where Berigan came in," Gorrill told Dow Jones
Newswires.
But it's unclear what debt the CEO is referring to. SEC filings show
that while it purported to function as a jewelry business, the company
was a corporate shell with virtually no debt. As of September 2006,
six months before it reinvented itself as JayHawk Energy, the company
had liabilities of $5,750 and cash and inventories of $49,461.
In July, Berigan also received 20,000 units of stock issued under
Reg S in repayment for $20,000 it spent on behalf of JayHawk Energy.
It's unclear what the $20,000 paid for but that's the exact amount
received by former CEO Preston in exchange for her agreeing to cancel
56 million shares and exit the company.
Heavy promotional activity and shadowy offshore shareholders aren't
always the best signs, and investors might want to tread cautiously
when it comes to JayHawk Energy.
JayHawk Energy stock was recently trading at $2.22 a share, up 2
cents, on the OTC Bulletin Board.
(Carol S. Remond is an award-winning columnist who won a Gerald Loeb
Award in 2005 for best news service content with "Exposing Small-Cap
fraud," a series of articles that described how three small companies
unscrupulously pumped up their stocks.)
-By Carol S. Remond, Dow Jones Newswires; 303-997-5783;
carol.remond@dowjones.com
TALK BACK: We invite readers to send us comments on this or other
financial news topics. Please email us at
TalkbackAmericas@dowjones.com. Readers should include their full
names, work or home addresses and telephone numbers for verification
purposes. We reserve the right to edit and publish your comments along
with your name; we reserve the right not to publish reader comments.
(END) Dow Jones Newswires
04-18-08 1151ET
Copyright (c) 2008 Dow Jones & Company, Inc.
I disagree with you there. Seems to me that EDEN held on to rights to market Messenger to retail customers - Home & Garden - but the Stockpickr piece writes as if it's an agricultural play, a possible contributor to the global food shortage problem.
The Food Shortage is the topical issue of the day, and thus EDEN was pumped into that trend in error. Anyway, that's my take.
this is just flat out incorrect - very irresponsible of Stockpickr on such a micro-cap stock. They need to do some fact checking before publishing.
"Another stock that makes the World Food Shortage Plays portfolio is Eden Biosciences (EDEN - Cramer's Take - Stockpickr), a below-the-radar company that produces Messenger, a highly effective and revolutionary agricultural product.
If you talk to any serious horticulturalists, they likely love the Messenger product. Discovered at Cornell University's School of Agriculture, Messenger taps protein molecules inside plants that trigger certain responses in cells that help them grow, to make them resist disease and to produce additional flower and fruit.
The farmers love this stuff and they want their crops to grow; Eden, a micro-cap stock, is likely to benefit"
On February 28, 2007, we sold our proprietary harpin protein-based technology and substantially all of our assets used in our worldwide agricultural and horticultural markets to PHC for $2.2 million and assumption of certain liabilities by PHC, including all of our obligations under our office and manufacturing facility lease, under the license agreement with Cornell Research Foundation ("CRF") and under our change in control agreement with Dr. Zhongmin Wei. We believe that this sale will enable us to reduce our future operating losses and liabilities, generate cash for our Home and Garden Business and preserve the potential future value of our remaining business assets, primarily our tax loss carryforwards. As described in more detail below, we retained the right to our cash, accounts receivable and assets relating to our Home and Garden Business. As part of the closing, we entered into a license and supply agreement with PHC, pursuant to which PHC granted us an exclusive worldwide right and license to sell harpin protein-based products for the protection of plants and seed and the promotion of overall plant health in the Home and Garden Market and a royalty free, exclusive worldwide license to use the Messenger, MightyPlant and Harp-N-Tek trademarks in connection with the sale of our Home and Garden Products.
Received a fax pump for "The Energy Bull" promoting HYBR today. "The Energy Bull has been compensated $20,000 by a third party"
Pumped like crazy. Likely spending more money hyping the stock than they are conducting real business. In my opinion.
Nice research, thanks.
Is that the Blue Diamond that is BLDV?
Stock Talk Communications was paid seven hundred thousand dollars for gathering information, preparing this report and arranging distribution. These fees were paid by Blue Diamond Ventures, Inc. who specifically disclaimed any affiliation with the subject profile.
How does this make any sense?
Hi:
Does BLDV have a relationship of some sort with CHVC?
There is a promotional mailer being distributed listing Blue Diamond Ventures, Inc. as the payor.
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24465198
http://stocktalkjournal.com/
Stock Talk Communications was paid seven hundred thousand dollars for gathering information, preparing this report and arranging distribution. These fees were paid by Blue Diamond Ventures, Inc. who specifically disclaimed any affiliation with the subject profile.
AGAC.ob rec'd 3/31/08 $1.95
Received 16 page mailer from Eric Dickson's Small Cap Wealth promoting Actiga Corporation.
"paid by Prax International S.A.....CFM has received and managed a total production budget of $970,000 for this print advertising effort"
a search on Prax yields nothing for me - maybe someone else can find something
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 57600 / April 2, 2008
SEC SUSPENDS TRADING IN THE SECURITIES OF THE ALTERNATIVE ENERGY TECHNOLOGY CENTER, INC.
The U.S. Securities and Exchange Commission today announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of The Alternative Energy Technology Center, Inc., at 9:30 a.m. EDT, April 2, 2008, through 11:59 p.m. EDT, on April 15, 2008.
The Commission temporarily suspended trading in these securities because questions have arisen concerning the company’s reliance on Rule 504 of Regulation D of the Securities Act of 1933 in conducting a distribution of its securities, and the accuracy and adequacy of statements in the company’s press releases regarding its rights to certain technology. The Alternative Energy Technology Center, Inc., a company that has made no public filings with the Commission, is quoted on the Pink Sheets under the ticker symbol AETE, and has recently been the subject of spam e-mail touting the company’s shares.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to the securities of The Alternative Energy Technology Center, Inc. until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider prompt enforcement action.
If any broker, dealer, or other person has any information which may relate to this matter, they should contact John S. Polise, Assistant Director, at (202) 551-4981, or by email at polisej@sec.gov.
More funny stuff by Adams re RSPG, another Maxwell pump:
"The pictures of the plant are BS, I was there and saw it in my own eyes, let me tell you guys on this dear board... IT IS AMAZING, STATE OF THE ART FACILITY!!! If you take your time and call Royal head office, I'm sure they can arrange you guided tour, like they did for me. mmmmmmm INTERESTING
1 hour into my tour, i called my broker and ask him to buy me more shares (much more) of RSPG."
man, you need a new ihub account badly