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How do you get all that info about the crooks going underground and such. I'd like to know your info too.Could you send me your sources so I can be privy to that info too.
Unless you know something I don't know or you know someone in the SEC that is pure conjecture on your part.The scenario looks bad but that's about it.Not getting my hopes up but it's still trading, that's a good sign if any.
Everyone is making conjectures about the company whether good or bad because nothing is written in stone and can be proven.Feel free to sling mud or praise them to high heaven.
Like this stock hasn't been kicked around enough, they put up .006 when the last sale was .0099. Give me a break, why do they fear the recovery of this stock if possible. Like kicking a dead dog when it's laying on the street dead.The stock has maybe a 1% chance of surviving and everyone is quick to pounce on it when something positive is said. lol
That's a big amen. lol
Hang in there, good or bad news should be soon.
We are about due for some good news. Anybody out there. lol
Someone will instantaneously refute your claim. That seems to be the pattern.SAEI is still afloat.
Market down 276, SAEI holding its own, lol.
I know, but Supatcha isn't the only one.I guess the bigger the risk the greater the reward.
If it's a scam, I am sure they would do something. They can't wait for it to disappear on its own like you suggest.
If so someone is asleep at the wheel.
As long as it is trading,it's business as usual. Do you agree?
For a company that's so shaky it's taking the SEC forever to figure out what you know.Furnish them with your info or ideas and maybe we can speed this determination of guilt up a bit.
What 's your definition of the land in the Ukraine? Cmon , you're nitpicking.
That's what's so hard to believe about the selling,and if worse comes to worse a tax write off.
They buy property with gold potential, no one ever said they mined for gold.
Be nice if this rose from the depths.
Either something is new or it's not, you can't have it both ways.
Guess I have been following after all.
So you are saying this is old news, right. The date on this was August 15, 2011. I interpreted as new news, sorry.
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
by Mike Caswell
The U.S. Securities and Exchange Commission has reached a settlement with Wall Street Capital Funding LLC, a Florida tout service facing civil fraud charges for promoting questionable pink sheets companies. The SEC claimed that the firm issued overly optimistic recommendations for four companies in 2009 and 2010. They included a purported oil and gas explorer called PrimeGen Energy Corp., which had former Vancouver promoter William Scott Marshall as an officer. (The SEC did not name Mr. Marshall as a defendant or accuse him of any wrongdoing.)
According to the SEC, Wall Street Capital told investors that PrimeGen was a "stock to watch," despite the company being a "pure scam." Its corporate headquarters was a rented mail box in a UPS store, its phone line was unattended and its website was a copy of another company's site. The stock had a high of 38 cents during the touting, and was last at one cent. (All figures are in U.S. dollars.)
Details of the settlement, which covers Wall Street Capital and three people associated with the firm, are not yet available, as the SEC commissioners must first approve it. The SEC had sought orders banning the defendants from participating in penny stock offerings, as well as appropriate civil penalties. As in most settlements, the defendants will likely not admit to any wrongdoing.
In a joint motion filed on Thursday, Aug. 11, both sides asked that the judge stay pretrial proceedings while the SEC reviews the deal.
SEC's complaint
The case began on Feb. 7, 2011, when the SEC filed a civil complaint against Wall Street Capital and three others. The defendants included the firm's two owners, Beverly Hills resident Philip Cardwell, 47, and Miami resident Roy Campbell, 33. Also listed was one of the firm's employees, Aaron Hume, 32.
The SEC claimed that Wall Street Capital knowingly aided several penny stock scams during its 10-year existence. Besides PrimeGen, the SEC names three examples: Supatcha Resources Inc., Fidelis Energy Inc. and Caliber Energy Inc. (Of those four companies, three have links to Mr. Marshall. He was an officer of PrimeGen and Fidelis in 2007, while Supatcha listed him as a director in December, 2010.)Wall Street's touting of PrimeGen, as described in the complaint, occurred between April, 2009, and January, 2010. The firm issued as many as 50 misleading investment opinions, which it disseminated through newswires, the SEC claimed. A July 9, 2009, opinion listed it as a "stock to watch" along with three New York Stock Exchange listings, including Exxon Mobile Corp. The opinions typically repeated phony claims from the company's news releases, mostly purported drilling success in Russia, the SEC said.
Wall Street Capital also touted the company via spam, sending e-mails under headings such as "Revenues for PGNE to soar with newest 42 Well project" and "When PGNE explodes will you be there to enjoy the ride?" Wall Street Capital bought e-mail lists from third parties, which contained as many as 52 million addresses, the complaint stated. For its efforts, Wall Street Capital received five million shares of PrimeGen.
During the promotion, Wall Street Capital received more than one notification that PrimeGen was a questionable stock, the SEC said. It received an e-mail on Sept. 17, 2009, which stated that there are "serious concerns that the above Co. is acting fraudulently." Mr. Hume also viewed an Internet message board which stated that "PGNE is nothing more than a scam," the complaint stated.
Wall Street Capital's answer
Wall Street Capital, for its part, said it did nothing wrong. In a joint answer filed on Feb. 28, 2011, all of the defendants generally denied any wrongdoing, without providing many specifics. Wall Street Capital did admit that it received and sold shares of PrimeGen during the promotion, but said it had no duty to investigate the companies it promoted.
The defence also argued that there was no evidence that any of the stocks that Wall Street Capital promoted were fraudulent. If investors did suffer any losses, they were caused by market forces.
William Scott Marshall
While Mr. Marshall faces no charges from the scheme, he has been under investigation in Vancouver before. In 2004, the RCMP raided the office of Silver Star Energy Inc., an OTC Bulletin Board company. According to the search warrant, Mr. Marshall and five others ran the company as a pump-and-dump. The search made many headlines, but it did not lead to any charges.
Mr. Marshall left Vancouver in 2007, after somebody fired six shots at his Shaughnessy home.
They've settled with Wall Street Capital and there is no mention of Supatcha being a fraud or scam. Most of the guilt lies with Wall Street Capital but Supatcha is involved even though they had no control over what they may or may not have said.
Why not mention it if they are going to clean house. It's looking better and better for us.
I see PRIM Gen, was there any conclusion on Supatcha?
Chit happens, lol.
Could be the start of new co. with different website, or the demise of company. We shall see, any action is better than no action in my opinion.
Lot of fresh paint on that last sale of 800 shares at .005.
Supatcha Resources Inc., an exploration stage company, engages in the acquisition, exploration, and exploitation of mineral properties. It holds interests in the Bonanza Mineral Claim located in the Greenwood Mining Division of British Columbia, Canada; and the Balka Skyrokaya gold property located in Ukraine. The company was founded in 2007 and is based in Denver, Colorado.
Couldn't agree more, almost like taking insurance against blackjack.By the way, anyone having trouble posting,ihub lost two of my posts.
The most it sold for was between 1 and 2 dollars and now it's .0085. Is that big money?
I would say 90 to 10 on the percent with 10% holding on for something to happen. What's the difference now, a write off is a write off, and that's the worst case scenario.
The thing that amazes me is that everyone is so sure about this company being a scam.. And yet to this date,the SEC continues to sit on their hands.Don't get me wrong, I am not defending this company and you are probably right,but there is no verdict yet and all the preaching won't make believers out of most until that happens.
This board is smoking, not bad for a dead stock.
Please post the proof.
We shall see.
Everyone has to start somewhere,these companies don't miraculously exist.
Then why aren't they pulling the trigger. If this was an obvious scam, case closed. Go SAEI,new company in the making.This isn't a circus, it's the stock market.
Not that cut and dry, SEC would have had an easy decision if that was the case.
Didn't say they were legit, only they had the makings.You've made your point, but you really should wait for the sec's ruling before being so self righteous.
No one said it was legit or not, that's for the SEC to determine.Before the SEC shut them down they had all the makings of a legit company. Does this mean that all companies the SEC investigates are all scams, I don't think so. They have to be precautionary and try to protect the investor.And in case you haven't noticed the SEC hasn't said they were a scam, although it would appear so. Let's just let them do their job and we can all sling arrows at the end if it warrants that.