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Translated from the German - pretty rough reading: http://www.ws55.wallstreet-online.de/community/thread/1128512-1.html
*** Star Energy, StarGold, Russoil - Aller schlechten Dinge sind 3 ***
How long do the machinations of the Mr. Frick probably still well go?
Short preface:
Into many left, which I call in the following as indication of source, it concerns Filings.
All 3 Frick shares, which it concerns in this Posting, are noted at the stock exchange US OTC-BB, because they are domiziliert in the USA, with alleged operational addresses in Russia.
US shares must publish enterprise-relevant information time near in the form of so-called Filings, one could in for instance with press releases compare.
The mentioned left lead e.g. to www.secinfo.com, a side, on which this Filings is callable for everyone then.
Also by the way for Markus Frick, which concealed all risks with the months-long recommendations of the 3 shares, although these were publicly accessible.
In the Filings the information is often deeply hidden in inch-long texts, but who searches, in addition later more finds there often interesting things.
We summarize thus once:
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Russian Bude No. 1, which hochgepusht Frick:
Star Energy (www.starenergycorp.com)
Before Cairo Acquisitions was called and was a worthless stock exchange coat, which dümpelte long time before itself, until someone came on the glorious idea, it in star Energy umzubennen.
That/those paid less than 1 million $ for the complete stock exchange coat.
Then Frick starts its Pusherei, and schwupps the Bude over 100 millions $ was worth, thus more than the 100-fache its that was originally worth her.
Reason: Gigantic raw material resources in Russia, which one took in oneself over the purchase of a Russian company.
Name of the Russian company: Volga Neft.
Here one was still relatively human, which concerned the share number, was probably first times a test, as well the Frick readers accept the whole.
Share number therefore \ \ \ “only \ \ \”:
Common stick, $,001 par VALUE,
225,000,000 shares authorized,
31,562,500 of shares issued and outstanding
After the purchase of Volga Neft, which one naturally paid for lack of money with shares, were then however 38.312.500 shares.
(Source: www.secinfo.com/d12TC3.v1yj2.htm, \ \ \ “after thesis transactions, star has 38.312.500 common shares issued and outstanding \ \ \”).
Thus 38,3 million shares are \ \ \ “printed \ \ \”, altogether 225 million shares are authorized already.
Power with starting course of star Energy a stock exchange value (Marktkapitalsierung, in the following MK mentioned) of approx. 57,4 millions € (38,3 million shares x course 1,50), because approx. to a course of 1.50 € \ \ \ “\ \ \” the Frick readers might enter then into the share, for which the initiators had paid only 0,001 $ before, and 0,001 $ is also the book value of the shares (par VALUE).
Since there was before it no considerable trade with the share, it can have given also, thus the buyers lured by Frick into the share directly from the initiators of these Bude their shares to no considerable Freefloat bought, if necessary over intermediaries switched between them who got the shares transferred and then to have piece by piece abverkauft.
The Frick readers did not ask themselves the question naturally, where actually the many shares came, which one could suddenly buy, but were simply only lightup enthusiastically over the Russian raw material bead, which was applied from now on daily by Frick in its E-Mail-Hotline.
With so gigantic reserves of raw materials one could actually make nothing wrong.
Attested the alleged reserves of raw materials were by the way never, appraisals of geologists none were likewise submitted, but such things were never mentioned by Frick, but always only to the gigantic raw material occurrences in Russia referred.
The Frick readers might make then even actually with the share first times money, at least virtually, because a genuine profit is it only if one sold.
It went up up to 3,30 € in the point, which corresponds to a MK of 126.3 millions € (38,3 million shares x course 3.30).
Unfortunately most Frick readers gave the door, since Frick recommended the share to maximum rates still to the purchase, to a course goal according to him: 3,50 € - at least.
Thus there was money to make virtually, actually for most however not, because meanwhile the course stands with approx. 0.70 € (and therefore all buyers at that time are at least 50% in the loss) and most are probably still in it.
How is it to be also different?
The shares, which bought the Frick readers, sold the initiators of the whole thing thanking for more than the 1000-fachen price (with an average purchase price of 0.001$ = 0,00074 € a sales results in a net yield of 270270% in the case of on the average 2 €).
The fact that these suddenly redeem now to 1 € is very improbably, there already long \ \ \ “the next sow through \ \ \ 's village is floated \ \ \”, in addition later more.
Thus many Frick readers might sit still on the star Energy shares and/or have other Trader them these bought in hope that the sharp fall in prices could be only from short duration.
The current MK von Star Energy is \ \ \ “\ \ \” approx. 26.8 millions €, here is burned only the earth and the losses is obvious thus already with the shareholders.
However probably still another far way is approaching for the other Frick Buden downhill.
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Russian Bude No. 2, which hochgepusht Frick:
Star gold (www.stargoldmines.com)
Because the whole with star Energy folded so madly and the clients were surely very content with the Mr. Frick, equal the next thing was thus drawn up.
Star Energy is good - star gold is better!
Gold - sounds oneself madly.
Whereby the Bude was called before it actually Sockey Seafood, thus a unsuccessful fish trade was.
But quasi over night, we already know the play with renaming the before worthless stock exchange coat, whereby multi-million-values are created abruptly, from star Energy, and there it functioned in the best way.
This time again that swindle-exciting high value of the share justified with the assumption of a Russian company with gigantic reserves of raw materials, this time is called it university University of company.
Naturally there are no confirmed resources also here, but only stated.
Geological appraisals or like?
Nil return.
Nevertheless this time is everything more largely drawn up a number, because the company carries gold in the name, and/or why little to take, even if one can have more?
Thus with the share number gas is given equivalent times correctly:
Share number up-to-date (common stick issued): 81.108.200
Share number possible (common stick authorized): 1.000.000.000 (in words: 1 BILLION)
(Source: www.secinfo.com/d12TC3.upTq.htm)
Here the first Frick readers were allowed it with approx. 3.50 € Frick into his virtual Trading plant purely, there clean-took.
Start MK with this Push was thus 283,8 million € (81,1 million shares x course 3.50).
Most readers bought however only to 4.35 €, 4.64 € and to 5.09 €, because that were the courses, to which Frick bought the star gold share into its virtual 10,000 € to plant.
The average buying rate of the readers might have been with approx. 4.50 €, particularly since over 5 € particularly high conversions took place.
In the point star gold ran highly to 5.70 €, whereby there was one conversion on this course only later took, and Frick it coincidentally exactly to this maximum rate then from the depot.
Course 5.70 € corresponds to a MK of sayful 462,2 millions €.
Meanwhile we stand for MK (81,1 million shares x course 1.70 €) at approx. 1.70 €, thus still with swindle-exciting 137.8 millions €, although the company is insolvent in principle in accordance with quarter report (reason and indication of source follow still).
And the alleged assumption of the company Univer is not carried out, as originally meant, yet at all so that all shareholders invested in principle into a castle in the air.
Apropos:
Most the Frick reader might be also here still in it, because since the removal from the virtual depot only few days passed, before the Frick readers however during one period of 5 months the share daily bought.
All sales cannot yet at all have thus been processed, and the shares must belong to possibly whom up-to-date.
It is most improbable also there the fact that the initiators before redeem those thanking abverkauften shares again because who bought shares of the worthless fish trade to 0,001 $ and then too cut through 4.50 € sell could, which at current prices will probably hardly redeem, because the Bude is in principle broke and also otherwise worthlessly.
On the contrary I assume even into the falling courses still one abverkauft, because to 0.001 $ referred shares at 1,70 € to sell is still a profit of 170.000%.
And most Frick readers do not understand the sharp fall in prices, particularly since Markus Frick does not understand and for weeks for news waits the sharp fall in prices allegedly and so that its holds readers in the share, so that the backers can unload further.
Since the Frick readers do not sell to the majority yet, the backers can unload further shares and it nevertheless in such a way looks, as if simply only disappointed investors would sell.
How many shares could be actually unloaded to the Frick readers, is difficult to measure.
On the basis the Charts (one considered the volume between January and June, thus in the time of the Frick Pushs and improvement in prices) it might have been roughly 40 million shares.
Of it roughly 10 million shares are sold, thus the owner changed, again to new investors in good faith, who considered the sharp fall in prices in unawareness of the missing goodwill exaggerated.
Thus still approx. 30 million shares might be in hands of Frick readers.
Also with the 10 million shares, which landed with \ \ \ “new A RISERs \ \ \”, some Frick readers participate probably, that wanted to reduce their Einstandskurs in price by Nachkäufe, because otherwise are interested hardly an investor layer in so an overestimated nonsense.
In any case ones might be approx. 40 millions star gold shares in the possession of Frick readers and other people, that are pleased on these shares.
The remaining 41 million shares probably still are with the initiators, but one cannot never abverkaufen 100% of a Bude, creates also Frick with the readers in good faith.
The damage (the star gold shares are worthless in principle) is thus with 40 million shares x course 4.50 € (volume-weighted durschnittlicher buying rate) = 180 millions €
Since it always turned with both shares around the topic Russia, at least the thought lies near that also the backers are Russians.
Particularly since a large part of the before worthless shares over-moved in the course of the assumption \ \ \ of the “gigantic raw material resources \ \ \” to the owners of the Russian companies, to which one paid their Buden for lack of money evenly by expenditure of shares.
All money of Frick readers, which is now in these shares, probably moved therefore on foreign accounts.
For the Iniatoren a business with a yield in million height with 3 digits.
As evenly mentioned the damage on approx. 180 millions is to be estimated €.
Taken off plus approx. 50 millions € from star Energy, because there the same play, only among other things names and at that time some more smaller.
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Most owners of star Energy and star gold shares are still not at all aware of its that their shares are worthless in principle.
Still scarcely 0.70 stands € and/or for 1.70 € on the Kurszettel.
But the shares are also not sold still.
But at these prices sufficiently buyer to find, might become very difficult.
Star Energy is up-to-date thus still halfway human with approx. 26.8 millions € evaluated (virtually, by multiplying the share number by the course).
There one could find quite new buyers for the shares, whereby the damage does not waive itself thereby, but only from a shareholder to the next, a course goal probably shifts zero.
With star gold it might become clearly more difficult to find to current courses buyers because this Bude is still evaluated with grotesque 137.8 millions €, although one has only 10,327 $ in the firm cash (source: Quarter report www.secinfo.com/d12TC3.upTq.htm) and/or had, because that was conditions at the end of March, and the money is meanwhile probably away, certain costs has even a mail box firm.
That probably not more commitments (\ \ \ “Liabilities \ \ \”) at a value of 45.532 $ by the way face existing 10,327 $, which are company thus actually broke, which was not mentioned naturally likewise by Frick.
And now the most frightening thing:
While the star gold Push of Frick in March 2007 already in full course was and its readers had themselves here shares to courses between 4 and 5 € turned, paid star gold due calculations for lack of money with shares and/or money procured itself by New edition von Aktien, to the bond issuing price of 0,10 $ (= 0,075 €) per share.
Proof: Quarter report, www.secinfo.com/d12TC3.upTq.htm
\ \ \ “in March 2007, the company issued 25.000 shares for services valued RK $2,500.
In March 2007, the company issued 83.200 shares for cash OF $8,320. \ \ \ “
It thus altogether over 100.000 shares again spent on altogether 10,520 $, thus for 0,10 $ = 0.075 € per share, during these in Germany to the Frick readers for 60 - until 70-fache could be abverkauft.
Mind you - that was only in March this yearly.
How much such actions were probably accomplished for the procurement of capital of the company without means StarGold in April and May still, can be only suspected and/or be picked out then at the earliest from the quarter report Q2, but is present at the earliest in July.
All these things were not mentioned by Frick, and were not concealed also all risks to the 3 Frick Russia shares.
Thus geschätze 180 millions € (star gold) plus 50 millions € (star Energy) damage.
Sum: approx. 230 millions € damage.
Not yet realized damage, because the majority of the Frick readers are still invested, the shares must belong to possibly whom.
Yet times ansatzweise all purchases transacted during the rise (see volumes in the Chart, over several months) are not again processed in the form of sales.
Since the initiators to 0,001 $ the bought sold and to more than 1000-fachen probably will hardly again redeem, the sales in the sense can be never completely processed, because the debacle changes simply only the new owner, does not go however not back to the origin.
While thus the damages did not understand yet at all, what happened, and that it will become still worse (a course goal zero, because worthlessly), is proceeds of sale of altogether roughly 230 millions € already long on the accounts of those, which initiated the whole here.
Again:
Without Frick that would not have been possible.
It was that, which tempted readers by daily Pushen and concealing of all risks its to the purchase.
Otherwise no clearly thinking humans would have bought these worthless in principle shares.
And also at the actual homeland stock exchange (US OTC-BB) always only a fraction of the Handelsvolumens was acted by Germany, which proves that there - at the actual homeland stock exchange - hardly someone was interested in the shares.
Thus a pure thing of Frick, which induced its readers to it to buy the Russian and other shareholders completely the 1000-fach too expensive shares dazzles.
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As if that would be all not yet enough, one draws now the third such Bude up, and naturally everything is still more largely, still more extreme:
Russian Bude No. 3, which pusht Frick:
Soot oil (www.russoilcorp.com)
Here one carries the Russia purchase even directly in the name.
Star as a name component was probably too ausgelutscht, and/or with the two shares star Energy and star gold had made at this time already too many people of losses.
Oh, and this time one takes oil as raw material, not to gold.
Same pattern as before:
An actually completely worthless stock exchange coat (Cassidy Media) renamed in soot oil.
Here one had it particularly hasty, who knows, how long that can be done everything still well.
To 30.4.2007 the Bude was called still Cassidy Media, however directly times a 1 28.5-Split, which let the share number explode formally, with the book value of the shares however \ \ \ “something made the right-of-comma positions \ \ \” increased.
New book value per share: 0,00001 $.
New share number:
Already printed (issued and outstanding shares): 342.000.000 (in words: 342 million shares).
Still printable (authorized shares): 14.250.000.000 (in words: over 14 BILLION shares)
If one has so many shares, one must naturally also which thereby make.
Thus one designates oneself by fusion over in soot oil.
That was by the way only scarcely one month ago, to 2.5.2007.
All information mentioned inclusive share number is to be reread here:
www.secinfo.com/d12TC3.unjd.htm
And with these many many many shares, which one can use as virtual currency, one buys now to 31.5.2007 the company Smolenergy, naturally likewise from Russia.
To information to this purchase see www.secinfo.com/d12TC3.ut4m.htm
One pays again by shares instead of by money, because of it one has unfortunately none.
As said, this time everything should go completely fast.
Umbennung of the Bude, purchase of a Russian Bude and beginning of the Frick Pushs, everything within only 5 weeks (Frick Push began at the beginning of of June).
Whether there probably already someone knows that this any longer for a long time well cannot go to mirror-image moose and therefore everything temporally completely tautly accomplished?
In any case one is to have Smolenergy according to Frick Kaufempfehlung oil reserves in BILLION HEIGHT.
This time not millions, but billions.
Finally one must always offer an increase to the readers.
Always did not confirm resources like available, geological appraisals likewise none.
This time Frick writes even risk class \ \ \ “very highly \ \ \”, with star Energy and star gold was it still \ \ \ to “means \ \ \”.
However he forgets also here in his purchase report times again to mention all risks because also this company does not have no money likewise, and confirmed resources gives it.
To that extent the reference is very highly \ \ \” also only fadenscheinig \ \ \ “risk, because the purchase report conceals all risks.
This third (and probably last) Russia Push (assume before a possible fourth such Push switch the authorities the Frick first times the light out) is naturally the piece of gloss:
342 million shares are already printed, up to 14 BILLION can be printed.
Whether it the purchasing power of its readers somewhat does not overrate there?
Or whether the backers could not get the neck there fully?
Even with the 342 million shares already printed the Frick readers might be overtaxed from the purchasing power, because with current course (1,20 €) an swindle-exciting MK of 410,4 millions results in € (342 million shares x course 1.20 €)
Opposite stands:
No money and did not confirm, but only maintained resources in billion height.
If the taken over company (Smolenergy) were actually werthaltig, why the owners sell then their company in response for before completely worthless shares of a failed medium agency (stock exchange coat named Cassidy Media)?
This question applies naturally also to the 2 Russia Buden drawn up before.
Why did the Russian shareholders with worthless shares let themselves be paid?
Was nevertheless already from the outset planned there to use the worthless shares the Abverkauf and it thereby make werthaltig in the form of taken in money of investors in good faith.
In any case on the first day of the Frick Pushs 80 million shares were already converted.
Frick set a first course goal of 1,80 €, so that its readers buy the Bude heedlessly.
That the Bude is overestimated already now roughly with factor 1000 (more, book value of the shares is actually 0,00001 $, course 1.28 € is the 128.000-fache of it), naturally by Frick in no word mentioned.
One set this time the starting course for Clevererweise low.
Fricks buying rate for its virtual depot was 0.80 €, on the subsequent day the share directly with 1,10 € opened, the average buying rate of the readers was approx. 1.20 €, in the point until 1.40 €.
Now perhaps many think that 1.20 would be proper favorable € compared with the starting and maximum rates of the 2 other Frick Russia shares.
That the course is actually not relevant, but Frick is only relevant naturally with no syllable in connection with the share number, mentions.
Without the only 5 weeks ago ago accomplished 1 to 28.5-Split the share quotation would now by the way be with 36,48 € (1.28 x 28,5).
Well, still favorably?
Fact is that the Bude has already now nearly the MK, which had star gold in the point.
That the shares cannot hold such an high evaluation, clear and sees one is complete at the course processes of star Energy and star gold.
Nevertheless from Frick gepusht up to goes here no longer.
In the E-Mail-Hotline of 8.6.2007 it e.g. maintains that soot oil without the weak total market would probably already stand at 1,50 €.
This time one had it as mentioned particularly hasty.
Over 100 million shares were already converted.
The damage and thus also the transferred money (the money of the Frick readers is away, because in worthless shares invests) might have already exceeded thus also with this share the 100 millions € border, and probably also this Push is laid out several weeks, like star Energy and star gold also (with both the initiators knew their shares over weeks abverkaufen).
To that extent one intends here probably still some.
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The damage from all 3 Frick Russia shares, cumulated, might now already be with approx. 330 millions € (50 millions € star Energy, 180 millions € star gold, 100 millions € soot oil).
How much more it can still become/may, depends now on the authorities.
Fricks whole system is a snow ball system/pyramid play.
On stage 1 stand it and the initiators of the Buden.
On stage 2 Friends & Family, where before already admits certainly is, come what are next recommended (often one sees remarkable conversions in the Chart short with the shares before recommendation - well sowas)
The subscribers of its E-Mail-Hotline, which get the recommendations as the first, form stage 3 (at least first of the rear stages) and but also gladly 900 € annually in advance pays.
The seminar visitors, who are applicable as future subscribers of the E-Mail-Hotline, form stage 4 and therefore also gladly times one \ \ \ “seminar-tap \ \ \” get, which before then on the E-Mail-Hotline share gepushte first is often.
The new type character receivers, thus the people, form stage 5 which registered themselves sometime on its Website times as a prospective customer.
As soon as a share has a certain improvement in prices behind itself, Frick recommends it also in free new type character.
What Frick do not see to the E-Mail-Hotline-subscriber then as \ \ \ “you, you have X per cent, before I tell it to the other one \ \ \” packed, are made already anything differently than the rear stage of the snow ball system/pyramid play, which is to then provide for purchasing power supply.
The N24-Zuschauer of its transmission Make Money, which usually last or together with stage 5 one type get, forms stage 6, because around the pseudo Seriösität to true, Frick in its television broadcast speaks rather about respectable shares such as alliance, from time to time participates then in addition, times an advertising spot for star Energy.
Since the television broadcast provides however particularly for subscriber supply, because under line it is a marketing instrument to also hardly use (from the technical information content otherwise), is also still quite important to stage the 6 in the Frick system.
Now to the numbers of its readers:
Stage 3 (subscriber) approx. 10,000 might be.
Since it brings its Abos already for many years in the form of seminars in the coffee style of driving quite skillfully to the man, I estimate the Abozahl on 10.000, the N24-Sendung might to it also still some have contributed.
Stage 4 (seminar visitors): According to Frick Website (www.markusfrick.de), column of seminars, were already \ \ \ “over 250.000 participants \ \ \” on its seminars.
Stage 4 is not to be despised thus likewise.
Stage 5 (new type character receivers):
Roughly each seminar participant registered itself also for the new type character and/or for it registered in the context of the registration.
The number of the new type character receivers might be even still higher however, because there are also prospective customers, who were still on no seminar.
Stage 6 (N24-Zuschauer):
Due to the TV-range this stage might be the largest, as it itself for the lowest stage of a snow ball system/a pyramid play belonged.
Now it should be also clear that the estimated 330 millions € total damage (so far, it becomes daily more, because the soot oils Push is in full course) are quite realistic.
Frick has 90% of the virtual depot money in its \ \ \ “I makes from 10.000 € 100,000 € \ \ \” - plant been into soot oil.
Since its readers dream to likewise make from 10.000 € 100,000 € everyone, which copies the 10,000 € from plant 1 to 1, would have likewise a majority of its amount of depot (in the case however with genuine money, which also genuinly away is) in soot oil invested, as before in star Energy and star gold.
If one adds stage 3, 4, 5 and 6 and assumes each reader invested 9,000 € in the Frick Russia shares (some more, some fewer), then comes one comfortably on the damage sum mentioned.
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To good the latter it would be to be still clarified now why the dear Markus Frick probably makes that everything.
In order to do to its readers of something property?
Probably hardly, like also.
Someone into worthless shares inside to send, can be probably hardly an honourable intention.
Why thus then?
Probably because it profits to substantial from it.
If it received 10% from the estimated damage at a value of 330 millions € also only as commission, then that would be 33 millions €.
How such a commission could have flowed, upon it can be naturally only speculated.
Bar?
By transmission of shares, which then possibly who, e.g. a trustee, abverkauft piece by piece, as the initiators also?
In the connection two things, which I found in official firm documents (Filings, are remarkable) of star Energy.
With star gold and soot oil one was there obviously somewhat more careful, or other ways found.
To star Energy I found the following:
www.secinfo.com/d12TC3.v18e6.c.htm
Here it concerns the contract between star Energy and Volga Neft over the purchase from Volga Neft.
With the present Treaty a mediator company was switched on, which emerges also also in the contract:
IAB Iceland venture SA
PO box 1290
Zone 9A
Panama town center, Republic OF Panama
A mail box firm (PO box) in the offshore country Panama, so which in addition.
Thus is the way, how Frick receives its profit-sharing in million height?
\ \ \ “For providing services as set forth in here, RK the closing OF any financing the company and star shall pay IAB 10% OF the aggregates VALUE OF the transaction consummated with one OF the Contacts or A person or group introduced by A Contact. \ \ \”
10% commission from a share transaction over 10 million shares result in 1 million shares commission.
However still continues, and/or becomes still better:
www.secinfo.com/d12TC3.v1H7v.d.htm
Here it concerns Kommunarskoe NGDU, a second Russian Bude, which bought star Energy.
\ \ \ “Seller and Buyer acknowledge that IAB Iceland venture SA (“IAB”) has rendered valuable services in connection with this Agreement. In consideration therefor, Buyer shall issue tons of IAB two million (2,000,000) of shares OF Buyer' s common stick pursuant tons of A Registration statement… \ \ \”
The mail box firm was thus so indispensable also here that one retired 2 million star Energy shares as thank beautiful.
Results in thus 3 million shares, which \ \ \ “branched \ \ \” are.
And that is only what I could find by publicly accessible documents.
Probably it gives still by far more, and/or it was simply differently made with star gold and soot oil or masked better.
3 million shares times average proceeds of sale of 3 € (Frick gentleman of its own Pushs was, could it or a trustee the sales there in the best possible way accomplish, and one could sell several-day-long too over 3 €) result in 9 millions €.
There in Panama (offshore) no taxes result, are that 9 millions € net.
Still the question remains, where these 9 millions hang-flowed € then are, and/or who is beneficiary there.
I cannot naturally say that, I would have an assumption naturally already.
If that could help the authorities with the search:
As appendix I copy times the notary voucher of IAB Iceland venture purely.
As results from this, the acting person of this mail box firm is a more certainly SILVESTRE HUTCHINSON.
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So, and the circle closes now:
Who is the CEO von Russoil probably?
www.russoilcorp.com/eng/management.aspx
Silvestre Hutchinson - CEO
Silvestre Hutchinson studied Industrial and Technical engineering and is the molders Director OF bilateral internationally Economic relation RK the Ministry OF Foreign Affairs OF the Republic OF Panama. Presently, Mr. Hutchinson is Vice President OF The Bayano Foundation and the general manager OF Hutch Lewis Consultants.
Amusingly, of the mail box firm stands in his Vita nothing.
Just as little it stands in the Vita that Mr. Hutchinson times boss of Quest of mineral & Mining was, a quoted US firm, obviously also a Abzocke, at least looks the course process grauslich, sees Chart (http://aktien.wallstreet-online.de/12950/chart.html?edit=1&tr=3y&inst_id=12950&market_id...
And who was there probably its colleague in the management?
www.secinfo.com/d12TC3.28gw.htm
Silvestre Hutchinson
Marcus Segal.
And who is Marcus Segal?
The manager of star Energy and star gold.
www.starenergycorp.com/ger/html/o_executives.html (Marcus Segal, CFO and director)
www.stargoldmines.com/ger/management.aspx (Marcus Segal, CEO und Direktor)
Marcus Segal ist übrigens auch schon durch Betrügereien aufgefallen, siehe www.ripoffreport.com/reports/0/137/ripoff0137278.htm
(Vizepräsident von myperfectcredit, einer wohl betrügerisch arbeitenden Kreditvermittlungsfirma).
Na da hat sich ja eine illustre Truppe zusammengefunden, um dem Kleinanleger etwas \\\"Gutes\\\" zu tun.
Die ganzen Herren kennen sich also bestens!
Ist doch nett, daß Marcus Segal, Silvestre Hutchinson und Markus Frick eine kriminelle Vereinigung bilden, um den Deutschen Anlegern (ein paar aus Österreich und Schweiz werden auch dabei gewesen sein) das Geld aus der Tasche zu ziehen.
Frick kommt die Schlüsselrolle bei der ganzen Sache zu, denn er überredet die Anleger, diese wertlosen Aktien zu kaufen.
Schade, daß das jetzt alles ans Licht kommt.
Wie das wohl ausgehen wird?
Bei einem Schaden in 3-stelliger Millionenhöhe ist sind wohl weder die Behörden noch die Anleger begeistert.
Wer die Hintermänner waren, darüber lässt sich nur spekulieren.
Segal ist meines Wissens aus Amerika, Hutchinson aus Panama.
Da alle Buden russischen Background hatten (Übernahmen russischer Firmen mit angeblich gigantischen Rohstoffresourcen in Russland) und weder Frick, noch Segal, noch Hutchinson aus Russland kommen, schätze ich mal, das sich die Verbindung zu Russland über die Hintermänner dieser ganzen Sache ergeben.
Mit Hintermänner meine ich übrigens folgendes:
Irgendwem müssen ja die Millionen (bzw. bei Russoil sogar fast Milliarden) an Aktien gehört haben, die den gutgläubigen Anlegern verkauft werden.
Die Initiatoren sind also diejenigen, die die wertlosen Börsenmäntel umbenannt haben in Energy / Gold / Oil / Rohstoff-Hype-Tralala, dann die banalen Übernahmen der ebenso wertlosen Russland-Firmen durchgeführt haben, dann Frick mit der Pusherei beauftragt haben und letztendlich dann so viele Aktien wie möglich hier abgeladen haben.
Ob Frick auch zu den Initiatoren gehört oder lediglich ausführendes Organ war (bestimmt nicht ohne satte Gewinnbeteiligung), kann ich nicht sagen.
Meiner Ansicht nach ist Frick der Hauptschuldige, denn ohne ihn wäre der Schaden (zumindest in dieser exorbitanten Höhe) erst gar nicht entstanden.
Nur durch seine intensive wochenlange / monatelange Pusherei (mit Star Energy hat es bereits im Oktober 2006 begonnen) konnten derart viele Aktien abgeladen werden.
Und nur durch seine breite Anlegerschaar, die ihm blind vertraut haben, kam eine derart immense Kaufkraft zusammen, daß so ein hoher Schaden überhaupt entstehen konnte.
Ohne Markus Frick hätte dieser Betrug in 3-stelliger Millionenhöhe nicht stattfinden können.
Ob er Drahtzieher oder nur ausführendes Organ mit Gewinnbeteiligung war, ihn trifft in jedem Fall die Hauptschuld an diesem Schaden.
Das ganze lässt sich auch nicht per \\\"ich habe mich geirrt\\\" entschuldigen, denn die Herren kennen sich ja alle untereinander.
Frick hat wertlose Aktien empfohlen und zwar vorsätzlich.
Daß seine Leser dabei einen Totalverlust erleiden können, war ihm offensichtlich egal.
Frick selbst hat in seiner E-Mail-Hotline von mehreren Besuchen beim Management von Star Energy (also Marcus Segal) geschrieben, somit kannte man sich und er wusste über die Firma bestens Bescheid.
Angesichts der Fakten ist die Unschuldsvermutung meiner Ansicht nach auch insofern hinfällig, daß hier 3x genau die selbe Nummer abgezogen wurde, und jeweils mit einer noch höheren und noch höheren Aktienzahl, Marktkapitalisierung und daher Schadenssumme.
Das spricht für Verbrecher, die den Hals nicht voll genug bekommen und immer mehr und mehr aus den Anlegern herausquetschen wollen.
-------------------------------------------
Falls Ihr übrigens denkt, das kann doch gar nicht sein, daß der liebe Markus Frick, der im Fernsehen und auf Seminaren doch immer so sympathisch wirkt, so etwas macht:
Doch, ist leider so, anhand der genannten Quellenangaben kann es auch jeder selbst nachrecherchieren.
Frick betreibt das ganze übrigens schon seit Jahren.
Die Bezeichnung \\\"Frick-Tannenbaumchart\\\" ist bereits legendär und Aktien wie NFX Gold, Morgan Creek, Ona Exploration, usw. usw. zeigen alle das gleiche Bild:
Hochgepusht, dann zusammengestürzt.
Die Charts sehen also aus wie eine Tannenbaum.
Qualitativ gesehen sind die meisten Empfehlungen (bis auf pseudoseriöses Beiwerk, so nennt er aus Alibi-Gründen immer mal wieder \\\"normale\\\" Aktien, z.B. Allianz usw.) also unterste Schublade, fast alle seine früheren Pushs notieren sogar unterhalb des ursprünglichen Empfehlungskurses und somit sind unterm Strich alle, die gekauft haben und nicht rechtzeitig abgesprungen sind, im Minus.
Daß Markus Frick sich für die Empfehlungen der windigen Rohstoff-Firmen (in den letzten 2 Jahren wurde eine 2-stellige Zahl solcher Rohstoffaktien von ihm \\\"abgearbeitet\\\") fürstlich bezahlen lässt, ist kein Geheimnis.
Sogar die Rohstoff-Firmen, die sich auf seinen Seminaren auf der Bühne oder in den Seminarpausen mit Ständen präsentieren dürfen vor seinem Publikum, zahlen dafür Honorar.
Daß Firmen, die dafür zahlen, empfohlen zu werden, eigentlich generell nicht gerade kaufenswert sind, steht natürlich auf einem anderen Blatt.
Bis Oktober 2006 fand dieses ohnehin nicht gerade legitime System noch in geregeltem Maße statt, aber seit Oktober 2006 (Start des Star Energy Pushs) ist alles anders:
Man empfiehlt keine Firmen, sondern zieht die Buden einfach von vornherein selbst auf, indem man sie gründet / umbenennt usw.
Schließlich ist der Profit da weitaus höher.
Und von Aktie zu Aktie setzt man einen drauf, siehe Aktienzahl Star Energy, StarGold und Russoil, von mal zu mal wurde alles noch extremer.
Daß von vorneherein nur Luft gehandelt wird, war den Beteiligten sicherlich klar, und zeigt sich auch an den Kursverläufen von Star Energy und StarGold.
StarGold ist immer noch mit einem 3-stelligen Millionenbetrag bewertet, bei nur 10.000$ in der Kasse, fragt sich wie lange noch.
Russoil hat diesen markanten Fall erst noch vor sich, hier wird die heiße Luft aktuell immer noch mit 410.4 Mio. € bewertet.
Davon dürften mindestens 400 Mio. € einfach nur heiße Luft sein, was für die Investierten mal wieder fast einem Totalverlust entspricht.
-------------------------------------------
Da der Russoil Push noch in vollem Gange ist, werde ich diese Infos an alle relevanten Medien weiterleiten, damit noch größerer Schaden verhindert werden kann, denn an jedem Tag landen über 1 Mio. € (vgl. Handelsvolumen) auf den Konten der Initiatoren.
Allen Investierten viel Erfolg beim Verkauf der wertlosen Aktien, leider könnt Ihr nicht auf Rückkäufe der Initiatoren hoffen, sondern nur auf andere Dumme, die Euch die Luftschloss-Aktien jetzt noch abkaufen.
Viel Glück.
Alles nur meine persönliche Meinung, bitte anhand der Quellenangaben auch selbst recherchieren.
Bis zu einer Verurteilung gilt die Unschuldsvermutung, auch wenn ich beim Wort Unschuldsvermutung jetzt etwas schmunzeln muß.
Hier noch als Anhang der Notarbeleg der Panama-Briefkastenfirma (Verbindung zu Mr. Hutchinson, CEO von Russoil):
Seite 1: www.superimagehosting.com/viewer.php?id=klz1181315968u.jpg
Seite 2: www.superimagehosting.com/viewer.php?id=cqs1181316027n.jpg
Photo of Mr. Segal:
http://www.vindicia.com/company/Management.html
Marcus Segal related via Vindicia:
February 1, 2006
MyPerfectCredit (MPC) will pay $150,000 in civil penalties and provide restitution to consumers to resolve allegations that the credit repair company engaged in false advertising and unfair business practices, California Attorney General Bill Lockyer announced.
"MyPerfectCredit deceived customers by falsely telling them the company did not have to comply with laws that protect consumers of credit repair services, and then routinely violated those laws," said Lockyer. "This settlement will penalize the violations, compensate victims and ensure MyPerfectCredit obeys the law in the future."
Lockyer filed the settlement, and a lawsuit the settlement resolves, in San Diego County Superior Court. The court quickly entered a judgment approving the settlement.
Aside from MPC, other defendants covered by the lawsuit and settlement include PathwayData, Inc., which does business under the MPC name, and Pathway owner David Coulter.
The settlement requires the defendants to provide restitution to customers who have filed complaints against MPC, and any consumer who files a complaint against the company within 90 days from today. To date, more than 300 consumers in California and other states have filed complaints against MPC.
Additionally, aside from the $150,000 in civil penalties, the defendants will pay $6,000 to cover the state's costs of investigating the case.
MPC operated an online credit repair service. A California law called the Credit Services Act (Act) required MPC to register with the Attorney General's Office before providing credit repair services to consumers.
MPC violated the Act, the complaint alleges, by operating its business from December 2003 to December 2005 without registering with Lockyer's office. Then, in marketing its credit repair services, MPC falsely told the public it did not have to comply with the Act, according to the complaint.
MPC advertised on the Internet that it could help consumers correct alleged errors on their credit reports.
The company told consumers who responded to the ads that MPC would obtain their credit reports from the three major reporting agencies, then forward them electronically to the consumers. Consumers then would have a limited time to determine which negative information on the report they wanted MPC to challenge with the credit reporting agencies.
If consumers did not specify within five days which information should be disputed, MPC frequently challenged all negative information on credit reports, then charged consumers a fee for each challenge on each report, the complaint alleges. MPC charged either $4.95 or $6.95 per challenge.
This practice violated a provision of the Act that prohibits credit repair companies from challenging information on credit reports without consumers' knowledge, the complaint alleges.
MPC also violated the Act's requirements that credit repair companies provide consumers certain disclosures and written contracts with specific provisions to protect customers.
Additionally, according to the complaint, MPC purchased a portfolio of customers from ClearCredit, a credit repair firm that Lockyer successfully sued in 2003 for violating the Act.
Via email, MPC informed ClearCredit customers they automatically would be transferred to MPC's program unless they opted out within a few days. ClearCredit customers who did not respond were automatically transferred to MPC's program and charged a monthly fee, even though MPC did not verify the ClearCredit customers had received the email notification.
If ClearCredit customers did not pay the monthly fee, MPC employed collection agencies to get the money.
California Consumers who wish to file complaints against MPC to become eligible to receive restitution should send their complaints to: Gayle Weller, Consumer Protection Assistant, Office of the Attorney General, 110 West A Street, Suite 1100, San Diego, CA 92101. Complaints should include substantiation for any restitution the consumer seeks.
The MPC case is the fifth brought by Lockyer in the last three years against credit repair and debt management operations. Prior successful lawsuits, in addition to the ClearCredit case, included actions against Housing Assistance Services, Inc., Briggs & Baker, and Integrated Credit Solutions, Inc. and Lighthouse Credit Foundation.
Lockyer warned consumers to be wary of businesses which boast they can repair credit. "If negative information on a credit report is current and accurate, it cannot be removed regardless of how many disputes a credit repair business lodges," he said.
Silvestre Hutchinson
Quest was incorporated on November 21, 1985 in the
State of Utah under the name "Sabre, Inc." It subsequently changed its name to
Tillman International, Inc., or Tillman.
These 3 served on Quest/Tillman board together. Mr. Segal is the principle name associated with SERG and SGDM.
Silvestre Hutchinson is our President, Chief Financial Officer, and
Secretary, and is a nominee for our board of directors. Mr. Hutchinson is a
member of the law firm Hutchinson & Asociates. Mr. Hutchinson is also President
of Naviera Mitchell, Ltd., S.A., a cargo transport corporation based in the
Colon Free Zone of Panama. Mr. Hutchinson also presently acts as consultant on
International Economic Bilateral Relations between Panama and countries of the
Caribbean, Central and South America for the Ministry of Foreign Affairs.
Mark Elrod is a nominee for our board of directors. Mr. Elrod has
served as Executive Vice President, Business Development and a Director of
Vindicia, Inc. since January 2003. From March 2001 until December 2002, Mr.
Elrod served as Vice President, Engineering and Business Development for ETP,
Inc. Prior to ETP, Inc., Mr. Elrod co-founded LiquidMetal Consulting, providing
time-critical engineering design and development resources to online media
companies. From March 1998 to June 2000, Mr. Elrod was a founding member and
technical lead for FreeAmp.org, a non-profit, open-source media development
organization sponsored by EMusic. Mr. Elrod came to EMusic from Pretty Good
Privacy (PGP)/Network Associates where he led the Windows client development for
their flagship encryption product after joining the team through the merger of
PGP and PrivNet, a privacy company that Mr. Elrod co-founded in 1995.
Marcus Segal is a nominee for our board of directors. Mr. Segal is the
Vice President of Operations and acting Chief Financial Officer for Vindicia,
Inc, an outsourced credit card fraud prevention service. From 2002 to 2003, Mr.
Segal served as a consultant to EMusic.com, a web-based music subscription
service, and from 2000-2002, was the Vice President of Operations for EMusic.
From 1997 to 1999, Mr. Segal served as the Executive in Charge of Production for
The Documedia Group, an award winning documentary production company based in
Los Angeles. Mr. Segal serves as the treasurer for The Big Bam Foundation, a
non-profit organization that provides free mammograms to women in underserved
communities. Mr. Segal is the Creator of Project Involve, a community outreach
program offered by the San Francisco Chapter of the Anti-Defamation League in
2003. Mr. Segal is enrolled in an MBA program at Pepperdine University's
Graziadio School of Business. He received a Bachelor of Arts in English
Literature from the University of California at Santa Barbara in 1994.
A quick google search on the phone number of RUSO's press agent also brings up SERG and SGDM in short order.
Another evidence of the close connection between these 3 companies. Does the recent dramatic drop in both stocks' prices portend the future for that of RUSO?
REV Solutions LLC Elena Furman Tel. 917-202-1445
http://www.google.com/search?q=917-202-1445&rls=com.microsoft:*:IE-SearchBox&ie=UTF-8&oe....
Appears that these are the only stocks Furman has ever represented.
http://www.revsolutions.net/companies.aspx
fwiw, at the same address Ugo Santini - seems to be a trucker
http://www.truckloadrate.com/carrier_detail.htm?dot_num=948774
In many cases the holder of stock isn't even aware he's the proxy holder.
You could call up the Santini's and ask how they came to own $30 million worth of stock. I bet they'll be very surprised. (931) 762-0720
funny stuff
Here's the mailer - http://www.newsletterarchive.org/2007/05/18/159067-CSUH:+World's+first+calorie+burning+soda,+Lands+H....
As per usual, the entity that paid for the mailer is untraceable - Neutrino Investments
The thing is, if they are intentionally misleading the public, they wouldn't come clean about it in an email to you.
Have a nice weekend. Raining here
No, I have no evidence of it. I've just seen this kind of thing happen so many times in my years of shorting BB stocks.
I admit I have a bias.
Usually it's the insiders dumping stock in the final act of the play.... prior to now they would be selling in a restrained, orderly fashion .... but then they are done and just dump.
Unfortunately, the American Stock Exchange has dirtied its reputation over the past few years. It's not what it used to be. Anymore, I don't give Amex stocks any more respect than OTCBB stocks.
Not sure this is a meaningful, or even positive, move for EXEG.
When the smoke alarms go off in your house, do you plug your ears and go back to sleep?
Or are you one of the pumpers here?
I don't think this is a pink sheet stock. Looks like BB to me.
What about the company? Is there any underlying value?
The 10Q shows a total of $72,000 of assets as against a $100 million market cap at today's stock price.
I don't get how anyone can buy something like that. Perhaps I am overlooking something.
Considering the fate of SERG and SGDM, should we expect the same of RUSO. Same group of folks involved it seems.
Oh my gosh, what a load of BS. There is no substance. Just a man behind the curtain pulling levers.
Dorothy, just tap your heels 3 times and say, There's No Substance Here, There's No Substance Here.
There exists some evidence that Westar's Mark Anderson is or was also known as Ron Laurence and was sued by the SEC for stock fraud:
Both named Mark Anderson.
Both in southern California.
Both involved in questionable stock deals.
Linda Contreras, an inexperienced person, is listed as officer in public filings, while Mr. Anderson is not listed.
plus some private messages
from the SEC litigation: : "boiler-room operators Paul Mason (a/k/a Louis Ronnie Sarpy), Laurence Mark Anderson (a/k/a Ron Laurence), and Kristin Luck Emery, all of Southern California , were also named as defendants"
http://www.summittoil.com/
Mailing Address:
Summitt Oil & Gas Inc.
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212 Phone: 310.275.9095
http://www.westaroilinc.com/
Westar Oil
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212
Phone: 310.275.9020
Fax: 310-275-7095
http://brightonoil.com/
Brighton Oil.
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212
Phone: 310.275.9020
Fax: 310-275-7095
http://www.bedfordventures.com/
Bedford Ventures, Inc.
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212
Phone: 310.275.9020
Fax: 310.275.7095
http://www.crossroadventurepartners.com/
Crossroad Venture Partners
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212 Phone: 310.275.9020
Starting to look a lot like outright fraud to my eyes. Assets do not suddenly triple in value just because of inside paper shuffling.
Reminds me of CSHD and Mr. Rufus.
Take this with a grain of salt the size of Mars.
What's driving the WWAT surge in price today? I don't see any new news...
TIA
Peter
What does the PR actually mean?
Disney gets first look.... hmmmm.
Are they paying something for the privilege. I don't understand.
Hi, I'm looking for spam or mailer or fax promoting SCEY - Sun-Cal Energy. Not the Fraser stuff from a month ago, but something from yesterday and today from "TopStockAnalysts.com".
I'm told they got paid $200,000.
Has anyone seen such a thing? TIA
Peter
Bootes also CEO of ILGL
ILGL -- International Energy, Ltd.
Com (New)
Search for Dun & Bradstreet reports on this company.
Address:
400 N. Phelps Ave.
Winter Park, FL 32789
USA
Phone: 877-473-5224
Fax: 866-503-1251
Business Description:
International Energy, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Primary State of Incorporation: California
Country of Incorporation: USA
Officers:
Jefferson A. Bootes, CEO/Chairman; Alex Khodja, Secretary/Dir.
CIK: 0001005185
Outstanding Shares: 142 as of 2007-05-22
Estimated Market Cap: 41 as of 2007-05-23 (based on Outstanding Shares as of 2007-05-22)
Authorized Shares: 500,000,000 as of 2006-03-08
JABI no longer trades... share price went to nothing.
U.S. firms plans to harvest US$800 million in Honduran timber
By MARIA FIALLOS
February 26, 2001 -- In a press release issued Wednesday (Feb. 21), J.A.B. International, Inc. announced that it had come to an agreement with Universal Resources Group to harvest the standing timber on J.A.B.'s properties in Honduras and Central Africa, businesswire.com reported.
Work will begin on the company's property in Honduras first and the estimated gross value of the operation is approximately US$800 million. Timber estimates given by URG are 560,000,000 board feet of pine, 100,000,000 board feet of evergreen and 80,000,000 board feet of roble (teak alternative).
The URG homepage <http://www.urg.cc> states that the company is at this moment gathering a team of professionals to travel to Honduras and accurately survey the properties. Other steps to be taken include acquisition of government contracts and the development of an environmental impact study.
When HTW contacted J.A.B. to inquire as to the exact location of their holdings in Honduras, CEO and Chairman Jefferson A. Bootes responded vaguely that they are a mining company with properties in La Esperanza and that their Honduran lawyer and contact in Honduras would contact HTW with more details. However, he did not
from old JABI 10K
Jefferson Bootes, 44 - Born in Long Island, N.Y, is educated in engineering and
business. Mr. Bootes founded JAB International Inc., a Florida Corporation in
1992. Under his management, JAB International was successfully merged into the
public company, Brush Creek Mining & Development Company in April 1999. The
surviving public entity was renamed JAB International Inc. (JABI). Mr. Bootes
was appointed as chairman of the Company effective March 1, 1999 and named CEO
on April 14,1999.
Mr. Bootes has extensive professional experience with Merger and Acquisitions,
Executive level management, development and implementation of business plans,
securing funding, seeking out and forming strategic partnerships, as well as a
distinguished history with foreign affairs and trade.
Prior to forming JAB International Co, he was partnered in a "Central Africa
Republic" mining project. That mined diamonds in the former French Colony of
Central African Republic.
Serving in the United States Army, gave Mr. Bootes the discipline and training
to successfully embark on business development in remote areas of the Central
African Republic and Honduras. Mr. Bootes has the ability, knowledge and
understanding of the laws and agencies governing the specific areas of JAB's
projects. This ensures that each of JAB's projects are located in safe
environments, are run efficiently, and overseen with the focus on progress and
development.
re Jefferson A. Bootes
Bogue Commences Trading on Frankfurt Exchange, Appoints New President
Wednesday April 11, 7:05 am ET
MIAMI--(BUSINESS WIRE)--Bogue International, Inc. (OTC:BGUE - News; FWB:BOM) is pleased to announce the Company has met qualifications and commenced trading on the Frankfurt Stock Exchange under the symbol BOM.
The Company would also like to announce the appointment of Jefferson Bootes as President of the Company replacing Charles Irizarry. Mr. Irizarry will remain on the Board of Directors as Chairman. The Company would like to thank Mr. Irizarry for fulfilling his mandate of President by Acquiring a new Company with so much potential as JAB Mexico, which will add significant shareholder value as well as bringing in new leadership under the direction of Jefferson Bootes.
Mr. Bootes will be responsible for leading the Company's direction in Mexico where it currently owns a 100% interest in the Monclova Coal Property located in the State of Coahuila. Mr. Bootes is quite skilled in international affairs and trade. He has a very broad knowledge in the mining of commodities, which has been derived from founding and operating both public and private industry entities. His primary areas of concentration for excavation have been coal, gold and diamonds. With this knowledge and expertise, Jefferson will be a tremendous asset to this project and management team.
http://biz.yahoo.com/bw/070411/20070411005247.html?.v=1
Hi rickj:
yes, FRPT is the exception to the rule. What a home run stock. Still suggest select 5 or 10 random Dutchess deals and look at average stock price loss since their involvement began.
GLTA, Peter
Good Morning:
I am just starting to look at HMIT - another Jefferson A Bootes stock. Has this all been discussed here already.... just starting to go thru the message list, but it's a long list.
TIA
Re Dutchess:
I have been actively shortselling microcaps for about 9 years. I have profitably shorted many Dutchess deals. Their presence alone is not sufficient reason to short a stock, but it sure does attract my interest.
Why would Dutchess agree to buy ten million dollars worth of stock if they can't short it?
I believe Dutchess will be able to buy stock at lower than market price and will immediately resell it. I would be very surprised if Dutchess held any stock for longer than a week or two.
The purchase price shall be set at ninety-three percent (93%) of the lowest closing Best Bid price of the common stock during the pricing period (5 day period) So discount on stock is from 7% to as high as 30-50%, depending on price movement.
It is in the Company's interest to push the stock price up prior to selling shares to Dutchess, as fewer shares will be required. After the sales, the price may subside again, plus there will be more shares and only some temporary cash.
This is very expensive, dilutive financing and is never used by company's who can find real investors.
Best suggestion - take five random Dutchess deals from, say, 2004. Look at stock price at time of deal announcement. Look at stock price now. There are fewer surer things in the stock market.
GLTA, Peter
"On April 26, 2007, we entered into an Investment Agreement with Dutchess Private Equities Fund, Ltd. (the “Investor”). Pursuant to this Agreement, the Investor shall commit to purchase up to $10,000,000 of our common stock over the course of thirty-six (36) months. The amount that we shall be entitled to request from each purchase (“Puts”) shall be equal to, at our election, either (i) up to $500,000 or (ii) 200% of the average daily volume (U.S. market only) of the common stock for the ten (10) trading days prior to the applicable put notice date, multiplied by the average of the three (3) daily closing bid prices immediately preceding the put date. The put date shall be the date that the Investor receives a put notice of a draw down by us. The purchase price shall be set at ninety-three percent (93%) of the lowest closing Best Bid price of the common stock during the pricing period. The pricing period shall be the five (5) consecutive trading days immediately after the put notice date. There are put restrictions applied on days between the put date and the closing date with respect to that particular Put. During this time, we shall not be entitled to deliver another put notice. Further, we shall reserve the right to withdraw that portion of the Put that is below seventy-five percent (75%) of the lowest closing bid prices for the 10-trading day period immediately preceding each put notice.
We are obligated to file a registration statement with the Securities and Exchange Commission (“SEC”) covering 15,000,000 shares of the common stock underlying the Investment Agreement within 30 days after the closing date. In addition, we are obligated to use all commercially reasonable efforts to have the registration statement declared effective by the SEC within 90 days after the closing date. We shall have an ongoing obligation to register additional shares of our common stock as necessary underlying the draw downs."
Could you please explain that again?
:P
Why does this person keep posting knowing the posts will be immediately deleted? If he or she really wanted to be heard, there are ways to do so. Instead, the posts get posted, the posts get deleted. For months now.....
strange beings these humans
Why don't you start a different board either here or on SI and inform us as to your thoughts? Or PM me.
Thanks
As of May 7, 2007, 269,894,278 shares of the Registrant’s common stock were issued and outstanding
Good luck, then.
MF03:
Are you guaranteeing that statement for the poor guy? Will you take responsibility if/as the price drifts back down to true value at $0.25?
Peter
“Lewis N. Lester” has been a Signatory for/with the following 16 Registrants:
American International Petroleum Corp/NV
Avitar Inc/DE [ formerly Avitar Technologies Inc ]
Convergence Ethanol/Inc [ formerly Mems USA Inc ]
Crystallex International Corp
Donini Inc [ formerly PRS Sub VI Inc ]
Emissions Testing Inc
ERF Wireless/Inc [ formerly Fleetclean Systems Inc ]
Gca Strategic Investment Fund Ltd
Metropolitan Health Networks Inc
Next Inc/TN [ formerly Advanced Knowledge Inc ]
Pressure Biosciences Inc [ formerly Boston Biomedica Inc ]
Rapid Link Inc [ formerly Dial Thru International Corp ]
Sagient Research Systems/Inc [ formerly PCS Research Technology Inc ]
Speedemissions Inc [ formerly SKTF Enterprises Inc ]
Ucap Inc [ formerly Lahaina Acquisitions Inc ]
Uphonia/Inc [ formerly Uphonia/Inc ]
This from a different company's filing:
GCA Strategic Investment Fund Limited ("GCA") is the ultimate
beneficial owner of the securities listed above and, through
its board of directors has the sole voting power to vote the
shares. Prime Management Limited, a Bermuda corporation has
the sole voting power of the GCA shares and Joe Kelly, a
Bermuda resident, has the sole voting power over Prime
Management. Global Capital Advisors, LLC, GCA's investment
advisor, together with GCA's board of directors, has sole
investing authority of the GCA shares. The natural persons who
exercise sole or shared investment powers over the shares held
by GCA are Lewis N. Lester, Michael S. Brown and Bradley A.
Thompson. GCA is an affiliate of a broker-dealer.
I just got around to reading the new SB-2. Can't help but wonder if Mr. Dotson's arrival on this board is related to that.....
The selling shareholders include the holders of a convertible secured note which represents 1,000,000 shares converted at the rate of 85% of the volume weighted average sales price for 20 days immediately preceding this registration statement and warrants to purchase 500,000 shares of Common Stock (as defined herein) in the following increments: (i) 100,000 with a strike price of $2.00, (ii) 100,000 with a strike price of $3.00, (iii) 100,000 with a strike price of $4.00, (iv) 100,000 with a strike price of $4.50 and (v) 100,000 with a strike price of $5.00 expiring in five years on December 28, 2011.
G. C. A. Strategic Investment Fund Limited 1,000,000 1,000,000 0 0
G. C. A. Strategic Investment Fund Limited 500,000 500,000 0 0
http://bankrupt.com/CAR_Public/031223.mbx
BOILER-ROOM OPERATORS: SEC Orders Administrative Proceedings
------------------------------------------------------------
The Securities and Exchange Commission issued an Order
Instituting Public Administrative Proceedings Pursuant to
Section 15(b) of the Securities Exchange Act of 1934 against
Paul Wayne Mason (a/k/a Louis Ronnie Sarpy), Kristin Luck Emery,
and Laurence Mark Anderson (a/k/a Ron Laurence), all former
boiler-room operators in Orange County, California.
Mr. Mason is incarcerated in the Chuckawalla Valley State
Prison, located in Blythe, California. Ms. Emery is
incarcerated in the Orange County Jail, located in Santa Ana,
California. Mr. Anderson is a resident of Los Angeles,
California.
In the Order, the Division of Enforcement alleges that the U.S.
District Court for the Central District of California has issued
a permanent injunction against Mr. Mason, Mr. Emery, and Ms.
Anderson and found them liable for defrauding investors by using
fraudulent boiler-room sales practices to offer and sell
unregistered securities of North American Medical Products, Inc.
(NAMP), including making false and misleading statements and
material omissions to prospective investors about, among other
things, the amount of commission being paid on the sale of NAMP
stock and NAMP's business prospects.
The Commission instituted this administrative proceeding after
the District Court entered Judgments by Default against Mr.
Mason, Ms. Emery, and Mr. Anderson:
(1) permanently enjoining them from future violations of
Sections 5 and 17(a) of the Securities Act of 1933,
Sections 10(b) and 15(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 thereunder;
(2) ordering Mr. Mason individually to disgorge $227,259,
consisting of $176,515 in ill-gotten gains plus
prejudgment interest of $50,744;
(3) ordering Mr. Mason, Ms. Emery, and Mr. Anderson jointly
and severally to disgorge $414,474, consisting of
$379,660 in ill-gotten gains plus prejudgment interest
of $34,814;
(4) imposing a penny stock bar against Mr. Mason, Ms.
Emery, and Mr. Anderson;
(5) imposing a civil penalty of $230,000 on Mr. Mason; and
(6) imposing a civil penalty of $120,000 on both Ms. Emery
and Mr. Anderson.
A hearing will be scheduled before an administrative law judge
to determine whether the allegations contained in the Order are
true, to provide Mr. Mason, Ms. Emery, and Mr. Anderson an
opportunity to dispute these allegations, and to determine what,
if any, remedial sanctions against Mr. Mason, Ms. Emery, and Mr.
Anderson are appropriate and in the public interest pursuant to
Section 15(b) of the Securities Exchange Act of 1934.
The suit is styled "Securities and Exchange Commission v. North
American Medical Products, Inc., et al., 03 Civ. 250."
There exists some evidence that Westar's Mark Anderson is or was also known as Ron Laurence and was sued by the SEC for stock fraud:
Both named Mark Anderson.
Both in southern California.
Both involved in questionable stock deals.
Linda Contreras, an inexperienced person, is listed as officer in public filings, while Mr. Anderson is not listed.
plus some private messages
from the SEC litigation: : "boiler-room operators Paul Mason (a/k/a Louis Ronnie Sarpy), Laurence Mark Anderson (a/k/a Ron Laurence), and Kristin Luck Emery, all of Southern California , were also named as defendants"
http://www.summittoil.com/
Mailing Address:
Summitt Oil & Gas Inc.
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212 Phone: 310.275.9095
http://www.westaroilinc.com/
Westar Oil
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212
Phone: 310.275.9020
Fax: 310-275-7095
http://brightonoil.com/
Brighton Oil.
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212
Phone: 310.275.9020
Fax: 310-275-7095
http://www.bedfordventures.com/
Bedford Ventures, Inc.
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212
Phone: 310.275.9020
Fax: 310.275.7095
http://www.crossroadventurepartners.com/
Crossroad Venture Partners
9595 Wlshire Blvd. Suite 510.
Beverly Hills CA 90212 Phone: 310.275.9020
Mark Anderson aka Ron Laurence - is this the same Mark Anderson?
http://www.sec.gov/litigation/litreleases/lr18028.htm
Today the Commission filed a civil injunctive action in the United States District Court for the Central District of California against North American Medical Products, Inc. ("NAMP"), a corporation operating in Albany, New York that sells needle stick protection devices and other medical products, its President and individuals who sold NAMP stock to the public. The complaint alleges that, from 1997 through the Fall of 2001, NAMP engaged in the fraudulent sale of its unregistered stock through unregistered brokers in boiler-rooms operated in Orange County, California. NAMP President Arthur Gianakos of Albany, New York, former NAMP director Niko G. Efstathiou, and boiler-room operators Paul Mason (a/k/a Louis Ronnie Sarpy), Laurence Mark Anderson (a/k/a Ron Laurence), and Kristin Luck Emery, all of Southern California , were also named as defendants. Defendants NAMP, Gianakos and Efstathiou have agreed to settle the Commission's action.
Each of the defendants is alleged to have made material misrepresentations and omissions to potential investors in sales materials or telephone solicitations, including:
failing to disclose that the company was paying a 50% commission to unregistered brokers from investor subscriptions to NAMP offerings;
misrepresenting that the offering costs associated with the stock offerings would not exceed 20% of the amount raised;
failing to provide financial statements to investors, which would have disclosed that the company had never been profitable;
misrepresenting that commissions would only be paid to registered broker-dealers; and
misrepresenting that commissions would not be paid to company officers, directors, or employees.
Paul Mason is further alleged to have fraudulently claimed in telephone solicitations:
that NAMP's profit margin was 30%;
that the company "should write $50-100 million dollars in sales" in 2001, while not disclosing that its highest annual gross revenue at that time was less than $200,000;
that an "angel" investor had invested $15 million in the company; and
that NAMP had applied with NASDAQ for pre-approval of the listing of its stock on the NASDAQ stock exchange.
Laurence is also alleged to have falsely represented that the company received a $1 million order from New York officials the day after the September 11, 2001 terrorist attacks. The complaint further alleges that the NAMP stock was not registered with the Commission, nor were Efstathioiu, Mason, Laurence, or Emery registered as brokers.
The Complaint alleges that through these actions NAMP, Gianakos, Efstathiou, Mason, Laurence, and Emery violated Sections 5 and 17(a) of the Securities Act of 1933 ("Securities Act"), Section 10(b), of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 promulgated thereunder. Further, defendants Efstathiou, Mason, Laurence and Emery are alleged to have violated Section 15(a) of the Exchange Act, and Gianakos is alleged to have aided and abetted their violations of that provision.
The Commission seeks: disgorgement of ill-gotten gains and prejudg-ment interest from NAMP, Efstathiou, Mason, Laurence, and Emery; civil money penalties from all defendants; injunctions as to all defendants against future violations of the securities laws they are alleged to have violated; officer and director bars as to Gianakos and Efstathiou; penny stock bars as to Gianakos, Mason, Laurence, and Emery; and a broker-dealer bar as to Efstathiou.
NAMP, Gianakos, and Efstathiou have agreed to settle the Commis-sion's action against them, without admitting or denying the allegations in the complaint, by consenting to the entry of an order of the U.S. District Court enjoining them from violating each of the provisions they are alleged to have violated. Gianakos also agreed, as a condition of settlement, to forgive a loan he made to NAMP in the amount of $354,637 including accrued interest, and consented to an officer and director bar and a penny stock bar. Efstathiou further consented to an officer and director bar, a broker-dealer bar based on the entry of the injunction, and to return 1,050,000 shares of stock to NAMP he received in connection with the stock offering in which he participated. NAMP further agreed to disgorge $120,000, representing all of the proceeds of its stock sales remaining in its possession, and to cancel the shares returned by Efstathiou. No further monetary relief was required of Gianakos or Efstathiou based on their sworn financial statements.
http://www.sec.gov/litigation/litreleases/lr18028.htm