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There is something big lurking here, and it is all DoM related. I intend to ferret it out.
David Elder, Director
Office of Enforcement
Unites States Food and Drug Administration
Sent by Fax-(301) 594-4638
Subject: Potentially Fraudulent Claims Regarding Type II Diabetes Treatment
Dear Mr. Elder:
This letter concerns what I believe to be fraudulent claims made by the Hee Corporation in the course of their aggressive promotion of the company’s penny stock, traded on the Pink Sheets under the symbol HCCF. Hee has offices located at 6209 N K61 Highway Hutchinson, Ks 67502. Their company website is located at:
http://www.hee-corp.com/
The company has made a variety of claims regarding the efficacy of their “natural” product in the treatment of Type II diabetes. Their most recent press release makes what I consider to be specific claims that should classify their product as a drug subject to FDA review:
The effectiveness has been startling, not only for the symptoms of Type II Diabetes, but it has the added benefit of dramatically reducing weight. Patients taking the tablets find they can live a normal life, eating what they want and yet keeping themselves on normal glucose level while taking HPB-84, which HEE Corp has the exclusive world-wide rights. [sic]
The full text of the release is located at:
http://biz.yahoo.com/bw/050209/95931_1.html
With the exception of a two subject “study” the company has released no information regarding scientific evaluation of the safety and effectiveness of their proposed product, and they have certainly not submitted an application to your agency for review.
Since the product has yet to be marketed, you may not have jurisdiction in this matter. I did, however, wish to alert you to its claimed imminent release, and to what I consider to be fraudulent claims of its treatment effectiveness.
Sincerely,
Erdt has gone through an elaborate charade to appear to be a real company. I suspect that it is the centerpiece of the DoM scam:
http://www.erdltd.com/news.htm
Prohibited Claims
The Federal Food, Drug, and Cosmetic Act ("FDCA") prohibits labeling claims that are false or misleading. An unsubstantiated dietary supplement claim is false or misleading and therefore violates the FDCA. Nor can a marketer promote a supplement to treat a disease. A dietary supplement that is promoted to treat, prevent, or cure a disease or condition is considered an unapproved, and therefore illegal, new drug.
Exposing naked shorting? BS. Nothing but a myth used by sleazy promoters to shill worthless stock like CMKX.
Uh, olico, I think you missed the tongue in fridge's cheek.
I have been wrong on Mellon. By using my patented parallel hypoglycemic philodendron valuation model I now conclude that it is worth even more than CMKX.
I have gotten fascinated by this whole DOM thing, and I'd like to compile a comprehensive report that will possibly get the DOJ interested in this strange interconnected web of scammers.
If anybody would like to collaborate, I put together a message board on DOM DD. No registration required. Anybody can start a topic, upload, etc.
http://www.getfreebb.com/members/index.php?mforum=dom&act=idx
BM-on the gray market every buy is someone else selling.
LOL,dusty. Get real. It's over for this scam,and the only real question is whether the charges will be civil or criminal.
It was nothing but a promotion run by a con man.
Why bother, randangie. Just abandon CMKX and incorporate a new Nevada shell for 500 bucks.
Uh,real, how is a bod or insurance going to help a zero revenue company facing sec fraud charges?
Euthydemus-It has become more customary for companies to announce investigations since the strengthened 8-k reporting requirements, although not all do so even now. USCA announced both the informal inquiry and the Wells Notice, and it was pretty obvious CMKX was involved in the speew.
How could this possibly have happened with the mighty Roger Glen on board?
Federal Bank Fraud charges would be nice, eh?
Jim-old news!! Why those SEC subpoena's were issued weeks ago.
NY-A suspension would be unheard of at this point, as there is no continued need to protect investors from relying on inaccurate information.
If, as stated, the firm is undergoing an audit, revocation wouldn't happen either, as they will be reporting.
However, I wonder if any of the shares other than the REGDX filings were ever registered in the first place.
LOL. You can follow the SEC/DOJ subpoena list by reading the "MLON, what MLON" pr's!
Janice-those veggies are only good as chips if dehydrated. Perhaps a synergistic asset swap is possible with UCSY's solar powered dehydrators?
I used to teach graduate level multivariate statistical analysis, and I can assure you that these clusters are non-random events.
Winick seems to have been able to remain somewhat anonymous throughout his scam history. I've got an e-mail off to Lee Webb at StockWatch in Canada to see what he knows.
Fridge-they are all filed as 8-k with the ADAT SEC filings if you want to slog though them.
FNRP was definitely a pearlasia/winick spin off. I'll have to go through notes on GXXL.
Do you know the CEO's name? It would be a hoot if she is Fillipino.
Buckey-ADTM "spun off" dozens of subs after the PearlAsis purchase of the company, and they seem to be showing up in lots of interesting places.
I am not by nature a conspiracy theorist, but I smell a big DoM one here!!!
Jim-I'm sure they will look at perkins, but he pretty much let Schilling take the point and just laid back and made legal sales of his shares.
I had extraordinary insider information on that scam, and was feeding the SEC e-mails and other documents between the scammers in almost real time.
If ever a stock needed a trade suspension, that one did back in December 2003/January 2004 at the height of the fraudlent promotion of the "Virtual Keyboard."
Jim-they are going to throw the book at Schilling of IBZT. He was under an injunction not to commit securities fraud again, and faces jail time this time around. Plus, the SEC and the IRS have been given credible evidence that he engaged in illegal offshore sales of personal stock obtained in kickback schemes for issuing deep discount CD's.
Theory #4-Evil naked shorts have used a psychtronic mind control beam on Pino to make him write the phony release to drive the price down and allow them to cover. Then they will load up at the bottom and have Mario release a PR saying he has a three dollar a share buyout offer from Berkshire Hathaway.
Profit chaser-don't you think it's pretty repulsive to chase profits by investing in a DoM scam trying to prey off sick people?
Pure snake oil sales, going up. I think it's very safe to state that a DoM affiliated, gray market stock has not happened upon something that will revolutionize the treatment of Type 2 diabetes.
I kinda think they would have sat on the discovery and licensed it to a major pharma, rather than selling subpenny shares in those rights.
Ya think?
LOL, uwlungman! Do you do even minimal due diligence? Go to pink sheets.com and check on the glossary.
The long and short of it is that no MM's have filed form 15 certifying that they attest to the accuracy of the company's financial information. What you are looking at on level 2 is a list of unsolicited customer orders to buy or sell. MM's are not buying and selling for their own accounts.
Which means when the bottom falls out, it falls out in a hurry, just like Friday. No MM's to buffer the pure market forces.
Cableguy-since you already claim to know the answer, and will accept no other response, why did you ask the lamebrained question?
Here is some light reading for you:
www.johnreedstark.com/ClassMaterials/ StarkArticles/Tombstones.htm
Ran-Probably the SEC didn't bother with a halt because after they strong armed that PR out of Pino the Punk they figured there was no longer a need to protect investors. All the negative information was made public.
Also, since this stock has no MM's it's not altogether clear that a trade suspension can be implemented.
Great. What the world needs. Another Winnick/ DOM scam.
Hubris and its aftermath evoke a certain amount of sympathy when the character involved has some virtues.
When it brings down a little bling-bling punk, it evokes beer- out-the-nose laughter.
So, Mellon Research/Pino the Punk: who are your highly trained team going after?
Can't say for sure, but the speed of SEC action, and the obviously dictated PR by Pino the Punk tells me there is a lot more going on here than simple penny stock fraud busting.
I'm thinking Patriot Act/Money Laundering.
Yep, clown. The "death star" scores again!!
LOL. The rats are bailing:
--Feb. 4, 2005--The Hee Corporation, Inc. ("HEE") (HCCF on OTC
Pink Sheets) On November 9, 2004, HEE Corporation (HCCF.PK)
entered into an agreement with Wall Street Group, LLC. Under
that Agreement, Wall Street Group, LLC was to provide specific
services in the area of public relations, advertising campaigns,
preparation of materials for use with the investing public, and
other activities designed to improve the value of company stock.
That Agreement expires on February 9, 2005. As compensation for
that agreement and the services to be provided by Wall Street
Group, LLC, they received 8,333,333 shares. Over the next month,
Wall Street Group, LLC presented HEE Corporation with additional
suggestions and new agreements including one for the private
placement of HEE Corp stock. HEE rejected all of those
proposals. On December 27, 2004, and after much negotiating,
Mellon Research, Inc. asked HEE Corporation to enter into an
additional Agreement. HEE Corporation agreed with that proposal
and, as compensation for promised services, delivered to Mellon
Research, Inc. an additional 35 million shares. Mellon Research,
Inc, paid HEE Corporation $100,000.00 in cash and $100,000.00 in
Mellon Research, Inc. stock. The cash payment came from
undisclosed investors and the stock from Mellon Research, Inc.
Mellon was to provide HEE with a CPA experienced in securities
and other professionals in order to establish the framework for
HEE to become a Bulletin Board Company.
In late January 2005, Wall Street Group, LLC asked HEE
Corporation to agree to an assignment of their Agreement to
Mellon Research, Inc. HEE Corporation decided not to agree to
the assignment, took issue with an unauthorized press release of
Mellon, and decided to discontinue any further negotiations with
Wall Street Group, LLC and Mellon Research, Inc.
HEE Corporation fulfilled all its obligations under the
Agreement with Wall Street Group, LLC and the Agreement with
Mellon Research, Inc. and has no future plans to be involved
with either firm.
Homeland secutity interested in Pino the Punk? My sources say yes.
Latvia, investorman. That's where the money is. And if Pino the Punk gets the chance, he will flee the country.
Actually, NY, if you believed that Pino the Punk was giving you insider information, and you acted on it, you committed a felony.
So don't count on getting your money back.
Thank you, runforit. A gracious response on your part. Sorry about your loss.
NY do print it for us, and I'll give you a direct SEC e-mail to forward it to.