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In case anyone wants to contact me, re. the Moderator vacancy or anything else, please note I am not a paying iHub member therefore cannot reply to private messages through iHub.
My email contact details can be found through my profile, however.
"GO SEC!
GO DoJ!
SHUT DOWN THIS SICK LITTLE SCAM AND SLAM JOE MURRAY INTO AN INSTITUTION FOR THE CRIMINALLY-INSANE! "
Amen to that.
And when they've finished with that, they should perhaps turn their attention to Biophan (BIPH), Natural Nano (NNAN), and one or two other companies I could name.
"Clearly he's been too busy turning Biophan into a success to have the time to follow up on that."
Do I detect a note of irony?
How are you feeling about FASC? Any feelings of deja vu yet?
Order has been restored, and the iBox amended to reflect the reality about Pro-Pharmaceuticals and its alleged drug candiate, Davanat.
First Amendment rights have also been re-instated, those both for and against this palpable scam will be glad to hear.
God's in his Heaven
All's right with the world!
Interesting -what makes you say that?
"Anyone else feel like there is a worthy PR, and then they get diluted/shorted on?"
No.
It's a scam, and five minutes DD will convince any reasonably sane objective person of this incontrovertible reality.
http://dockets.justia.com/docket/court-nysdce/case_no-1:2009cv08758/case_id-353441/
Next, please.
"no dumping of shares"
I beg to differ. Every PR is accompanied by the sale of millions, sometimes tens of millions of shares (many of them possibly newly minted, as the actual float of GRGR shares varies from whatever source you check, and indeed from day to day).
Green Energy Resources is a scam, sure enough, and its CEO, Mr. Joseph Murray, is undoubtedly guilty of criminal fraud.
Do you happen to know him personally, as your (misplaced) confidence in this company would suggest?
"I am going to go get a hair cut."
That is possibly the most prescient comment I have ever seen on the First American Scientific Corporation message board.
Forewarned is, as they say, forearmed.
"Why doesn't GRGR's PPS reflect all the multi-million dollar contracts that they have pr'd over the last few months?"
That would be because each one of those PRs is a tissue of lies from start to finish.
"What's the deal here?"
Simple. Green Energy Resources is a scam company, and Joseph Murray is a a crook:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50088865
I hope that clears things up.
"Still selling stents?"
I think you'll find that the Schoen Place Mafia never sold anything except IP and shares, and both of those at a significant loss for the operation- and in particular for the retail shareholders.
Not at a significant loss for the individuals who were the Directors and managers, though - they took their cut in other ways. Mansions and back surgery and cuts off the top to the real bosses don't come cheap.
"Support Vector Machine technology was used to take first place in solving a complex marketing problem in the recent Active Learning Challenge"
Do I hear the sound of barrels being scraped?
Or is Dr. Barnhill intending to sue the two Taiwanese students involved for patent infringement?
They'd surely be easier targets than the the Microsofts and GECs of this world who he fingered as IP thiefs in the past (but perhaps not as deep-pocketed).
"Is the stock dead?"
That rather depends what you mean. As I've remarked previously this stock will go hours, even days with no significant volume, and then all of a sudden millions of shares will change hands during the period before and after Joe's famous fictional press releases and the visitation of several message board promoters foretelling great things to come.
Therefore if one is a trader with an exquisite sense of timing and more than one's fair share of luck (and in spite of the statistical unlikelhood of such a phenomenon, I've never met any other kind of trader) then Green Energy Resources could be just the trading vehicle.
On the other hand, if one is an investor, then there are little tell-tale signs like false accounts, utterly bogus press releases, a multi-year history of abject failure and the presence of the aforesaid message board promoters which suggest Green Energy Resources may not be the best long-term home for your money.
Hope that helps.
Vacancy for Moderator
I originally became interested in Atlas Mining under its previous "management", as it was clearly a scam and studying penny stock scams is one of my pasttimes.
Now that it appears that the new regime are on the "up and up", including I hope the pps for any existing shareholders, it doesn't seem right I should stay Moderator, or indeed that the old iBox, which I populated, should stay in place.
If you're interested in becoming Moderator, let me know (and make at least four posts in order for iHub to consider you eligible).
I'd be happy to relinquish responsibility to any AMNL enthusiast out there.
TIA.
Let's start lifting the lid on the (real) Rochester mafia behind Biophan, MyoCardioCare and NaturalNano:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50436189
Hardly surprising that they ran these two scams BIPH and NNAN alongside their other Ponzi schemes.
I'd still like to know for sure which message board posters were patsies and which were accomplices. I think I know, but perhaps folk should start putting their hands up one way or the other.
With a huge tip of the hat to DragonWing, over at the DriveBy and DD MB, which is nothing short of brilliant:
http://investorshub.advfn.com/boards/board.aspx?board_id=17180
Here's some of the stuff they dug up on NNAN's "new" partner/acquisition, Combotex:
"Former Broker Held in Contempt; Judge Rules He Must Pay Victims
Reported by: Rachel Barnhart
Email: rbarnhart@13wham.com
Last Update: 5/20 10:21 pm
(Rochester, N.Y.) – A federal judge has found one of two men who defrauded nearly 200 retirees of more than $11 million in contempt of court.
The Ponzi-like scheme fell apart in 2006, and Edward Tackaberry and Mark Pallazo were ordered to repay the money. Neither of them has paid one cent, according to court papers.
Judge Michael Telesca ruled on Thursday that Edward Tackaberry should have been making payments to the victims. The ruling also revealed that Tackaberry is under investigation for a new alleged scheme.
“They're thieves how do they get away with it? I just don't understand it,” said Tom Antinoro of Webster, who invested $90,000 with Tackaberry and Palazzo’s companies, including Pittsford Capital. The loss of the money was devastating. “Both me and my wife are retired. I'm looking to back to work. How do you go back to work at 71 years old?”
In his ruling, Judge Telesca determined that Tackaberry makes $6,000 a month in his new job, earned “substantial consulting fees in 2007,” made “$34,000 from the sale of corporate notes,” deposited money in his wife’s account and transferred his house into his wife’s name.
“It's not fair to the people that he robbed,” said Antinoro.
In court papers, Tackaberry said, “I have not concealed the existence of any assets. Based on my financial situation, I have little or no ability to pay upon the Judgment.”
“He’d been receiving money from various sources,and he simply refused to pay it to the court,” said Securities and Exchange Commission attorney David Stoelting. “That money would have been returned to the victims of the fraud.”
Court papers say Tackaberry works for the following companies on commission: Combotex, LLC, Worldwide Medical Solutions,LLC, and Encompass Enterprises, LLC, all of 17 Schoen Place, Pittsford. He also works for Absentys, LLC in Tennessee.
Court papers indicate the SEC is investigating another alleged scheme. Judge Telesca wrote, “The SEC claims that Tackaberry is involved in a new promissory note scheme...he has been raising money for several start-up companies with no operating history and offering promissory notes with an 8% return.”
In court papers, Stoelting said he has subpoenaed promissory notes issued by Charge on Demand LLC, Innovation Group Enterprises LLC, and Stucco LLC. In court papers, Tackaberry denies soliciting investments on behalf of those entities.
Stoelting would not comment on the investigation into a possible new scheme.
Judge Telesca wrote that if Tackaberry doesn’t start making payments in 30 days, he could go to jail.
Tonight, speaking to 13WHAM-TV, Ted Tackaberry said a settlement in the case has been reached. Tackaberry says, according to the terms, $863 of his monthly wages will be garnished for the rest of his life. Tackaberry also denies he was ever held in contempt of court."
And on the plethora of Rochester/Pittsford based scams:
"What's going on with NNAN
Domain Name: COMBOTEXS.COM
Creation Date: 23-oct-2009
Expiration Date: 23-oct-2011
Registrant: Innovation Group Enterprises, LLC
17 Schoen Place Pittsford, New York 14534
Administrative Contact:
Mura, Ann Marie amura@combotex.com
Innovation Group Enterprises, LLC
17 Schoen Place Pittsford, New York 14534
+1.5855860150
NYS Department of State - Division of Corporations
Current Entity Name: COMBOTEXS, LLC
Initial DOS Filing Date: OCTOBER 28, 2009
County: MONROE
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE
DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
COMBOTEXS, LLC
C/O ANNMARIE MURA
17 SCHOEN PLACE PITTSFORD, NEW YORK, 14534
Registered Agent - NONE
NY SOS
Domain Name: ECIGXOX.COM
Creation Date: 27-may-2009
Expiration Date: 27-may-2012
Registrant: Innovation Group Enterprises, LLC
17 Schoen Place Pittsford, New York 14534
Administrative Contact:
Mura, Ann Marie amura@innovationge.com
Innovation Group Enterprises, LLC
17 Schoen Place Pittsford, New York 14534
(585) 586-0150
Domain Name: ECOGREENSUPERSPONGE.COM
Creation Date: 16-aug-2009
Expiration Date: 16-aug-2014
Registrant: Cory Reeve
38 Buckwheat Dr Fairport, New York 14450
Cory Reeve - Program Manager at ITX Corp.
Rochester, New York Area
www.linkedin.com/in/coryreeve
Domain Name: INNOVATIONGROUPENTERPRISES.COM
Creation Date: 01-feb-2009
Expiration Date: 01-feb-2011
Registrant: Innovation Group Enterprises, LLC
2000 Winton Rd. South Bldg 4, Suite 1
Rochester, New York 14618
Administrative Contact:
Weaver, David
Innovation Group Enterprises, LLC
2000 Winton Rd. South Bldg 4, Suite 1
Rochester, New York 14618
(585) 802-2908
Dave Weaver - Manager at Ster-o-Wave, LLC
Rochester, New York Area
Experience
Chief Operating Officer
Innovation Group Enterprises, LLC (Wholesale industry)
May 2008 — April 2009 (1 year )
http://www.linkedin.com/in/tttweaver
Domain Name: INNOVATIONGE.COM
Creation Date: 16-oct-2008
Expiration Date: 16-oct-2010
Registrant: Darren Coon
74 Lacey Lane Brockport, New York 14420
Administrative Contact:
Coon, Darren dcoon@teachergeek.com
74 Lacey Lane Brockport, New York 14420
(585) 322-5798
NYS Department of State - Division of Corporations
Current Entity Name: WORLDWIDE MEDICAL SOLUTIONS, LLC
Initial DOS Filing Date: OCTOBER 05, 2009
County: MONROE
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE
DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
RICHARD POPOVIC
17 SCHOEN PLACE PITTSFORD, NEW YORK, 14534
Registered Agent - NONE
NY SOS
Domain Name: CELLTRAFFIX.COM
Creation Date: 15-aug-2007
Expiration Date: 15-aug-2010
CellTraffix Inc. is a privately held development-stage medical technology company pioneering new devices for diagnosis and treatment of human diseases. CellTraffix is focused on bringing novel kits and therapeutic products to market to serve the oncology and adult stem cell markets.
Management
Thomas M. Fitzgerald - CEO
W. Timothy Bibens - Director of Operations
Joel Wojciechowski, Ph.D. - Director of Preclinical Development
Board of Directors
Thomas M. Fitzgerald
Michael L. Weiner
Ricardo Mesa-Tejada, M.D.
17 Schoen Place Pittsford, NY 14534
585.267.4840
www.celltraffix.com
Domain Name: BIOPHAN.COM
Creation Date: 13-oct-2000
Expiration Date: 13-oct-2010
Registrant: Biophan, LLC
Mike Weiner
15 Schoen Place Pittsford, NY 14534
5852674800
Email: vquinn@biophan.com
Administrative Contact:
Biophan Technologies, Inc.
Carolyn Hotchkiss
Domain Name: TILLC.COM
Creation Date: 02-feb-2000
Expiration Date: 02-feb-2011
Registrant: Technology Innovations, LLC
Carolyn Hotchkiss
15 Schoen Place Pittsford, NY 14534
5852674802
Email: vquinn@biophan.com
Technology Innovations, LLC
5100 S.Cleveland Avenue Suite 318
Fort Myers, FL 33907
Board of Directors
Michael L. Weiner
Ross B. Kenzie
Howard S. Robbins, esq.
Jim Wernett
Domain Name: BIOMEDSOLUTIONS.COM
Registrar: REGISTER.COM, INC.
Creation Date: 03-may-2002
Expiration Date: 03-may-2011
Biomed Solutions, LLC
15 Schoen Place
Pittsford, NY 14534
Biomed Solutions develops and invests in business opportunities based upon a strong foundation of intellectual property. We hold equity interests in public and private companies and patents covering a wide variety of innovations involved in future advances in medical devices and treatments.
We are based in the historic Pittsford Flour Mill in Schoen Place. Pittsford is a suburb of Rochester, NY. Biomed holds equity in Nanoset, LLC, Myotech, LLC, and Nanocomp, LLC.
Board of Directors
Mike Weiner
Ross B. Kenzie
Affiliates
Biophan Technologies Inc
OncoVista LLC
Myotech LLC
NaturalNano Inc
Domain Name: STEMCAPTURE.NET
Creation Date: 08-sep-2005
Expiration Date: 08-sep-2013
Registrant: Biomed Solutions, LLC
Carolyn Hotchkiss
15 Schoen Place Pittsford, NY 14534
5852674813
Email: chotchkiss@biophan.com
Indelta Learning Systems, LLC
17 Schoen Place Pittsford, NY 14534
Richard M. Popovic - President
http://www.indeltalearning.com/contact.html
Ann Mura
Owner at Worldwide Medical Solutions Llc, Pittsford, NY
http://www.jigsaw.com/scid23717526/ann_mura.xhtml
Ann Marie Mura
VP at Innovation Group
Rochester, New York Area
Currently holds this position
http://www.linkedin.com/pub/ann-marie-mura/10/601/7b4"
And finally for now, the reason Rochester is (still) a scam magnet:
Rochester crime family
From Wikipedia, the free encyclopedia
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This article may require cleanup to meet Wikipedia's quality standards. Please improve this article if you can. (August 2007)
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Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (August 2008)
The Rochester crime family was a criminal organization based in Rochester, New York. It was considered a part of the American Cosa Nostra, also known as the Mafia.
The Rochester family's first well known official boss was Costenze "Stan" Valenti and Ardy Madalena. His son Geno married Theresa Bailey at the time. In 1957, after the Apalachin Conference, Stan and his brother Frank were both jailed for civil contempt, because they refused to answer questions about the meeting. In 1958, Stan was sentenced to 16 months in prison, and Jake Russo became the next boss.
In 1964, Frank Valenti returned to Rochester with his brother Stan, and Pittsburgh associate Angelo Vaccaro. Frank became an associate in the Pittsburgh Crime Family in John LaRocca's family. Stan Valenti was married to Antonio Ripepi's daughter, who was a capo in the Pittsburgh family. This time, Frank Valenti was taking over the Rochester family. By the end of the year, Russo went missing and his body has never been found. In 1970, Valenti wiped out the last Russo soldier Billy Lupo. Also Frank Valenti told Buffalo crime family boss Stefano Maggadino that Rochester would become an independent family. Prior to this, Rochester was just a crew which answered to Maggadino's family.
Valenti created a master plan in 1970 called "The Columbus Day Bombings". He set up a special crew to bomb various churches and public buildings to draw the heat away from the family. In 1972, Valenti was approached by his underboss Samuel "Red" Russotti, his consigliere Rene Piccarreto and highly powerful capo Salvatore "Sammy G" Gingello. The three told Valenti he was to step down as boss, and he moved to Arizona. One of the deciding factors was when bodyguard and captain under Valenti Domenic Chirico was shot and killed.
After Valenti fled the city, Russotti became boss, Piccarreto remained as consigliere, and Gingello became the underboss. The family was strong until the police fabricated evidence to indict all the upper echelon guys. When this happened, Thomas Didio became the acting boss. Russotti thought he would be able to manipulate Didio, but he really just created a monster. When the truth came out about the fabricated evidence, all the top guys got out of prison. This created an "A team and B Team" war. Part of the "A team" was Russotti, Piccarreto, Gingello, Richard Marino, Thomas Marotta and others. Part of the "B Team" was Thomas Didio, Rosario Chirico (Domenic's brother), Stan Valenti, Angelo Vaccaro and others.
On April 23, 1978, Salvatore "Sammy G" Gingello was killed when a bomb was detonated when he entered his car. On July 6, 1978 Thomas, Didio was murdered by a gunmen who was using a machine gun. After these two murders the FBI decided it was time to crack down on the situation, with RICO coming into play they took down most of the remaining key players. In 1988, Angelo Amico and Loren Piccarreto were both indicted under the Racketeer Influenced and Corrupt Organizations Act (RICO). Angelo Amico was the acting underboss, and Loren Piccarreto (son of Rene Piccarreto) was the acting boss. "
No big surprise (but excellent DD, Dragonfly, many thanks).
You only had to look at the toxic finance that was so readily fallen into by the "management" of BIPH and NNAN, and to see the subsequent repeated pump and dump operations supported by the usual MB pumpers to know that the shadowy outfit behind both companies, Technology Innovations (and Michael Weiner), together with Wernett's close involvement in Platinum (the toxic finance buddies of NNAN), NNAN and TI was not your ordinary penny stock scam.
Biophan (BIPH), one of their vehicles for transferring private retail shareholders' money to the Rochester mafia recently sold for next to nothing the only bit of IP they had that looked as if it might have some value, to a newly minted LLC, MyoCardioCare, conveniently enough helmed by BIPH's CEO, John Lanzafame.
This new company has the address:
MyoCardioCare, Inc.
P.O. Box 245
Pittsford, NY 14534
Pittsford, there's a surprise. It also has another Rochester connexion through one of its Directors, Dr. Marc Bielski (as well as through Lanzafame and others).
Anyone know anything about this new outfit?
Great MB, btw. Kudos to the Moderator!
"I don't find that funny. He killed friends of mine."
He killed friends of mine too, and his cohorts shoot at other friends of mine who are in Afghanistan as we speak.
I didn't intend to belittle the loss of your friends, or the sacrifices of our brave fighting women and men combatting Al Qaeda.
Sorry if I offended you. It certainly wasn't intentional.
I did intend to draw attention to the immoral nature of Mr. Joseph Murray's scheme to raise capital by selling jobs to would-be Green Card holders at a million dollars a pop.
I also feel that crooks like Green Energy Resources' Joseph Murray are Al Qaeda's best friends.
By undermining confidence in our Capitalist system and turning into a grubby zero-sum con game, he does more to destroy trust in our financial syatems and therefore our economy and ultimately our democracy than any individual terrorist. At least their aims are overt and we know what they're trying to do.
Con artists like Murray will topple our civilisation from within if we let them.
And I believe we shouldn't.
"Green Energy has hired a new VP of operations located in Corpus Christi. "
Just Green Energy, now? Dropped the Resources bit? I wonder why. (Im)plausible deniability, perhaps.
Although no name is given for this new recruit to Mr. Murray's mighty business empire, I have it on good authority that he was the beneficiary of Mr. Murray's unique (and highly illegal) "Buy your Green Card for just $1 million bucks" scheme*, and his name is (cue drum roll):
Amaso Nib Nedal.
That's what I heard, anyway.
*"Green Energy Resources is offering foreign investors willing to put at least $1 million in the company an expedited US Green card under the federal EB-5 visa program. Foreign investors are granted legal permanent residency after two years. Green Energy Resources will also provide investors a top executive position with company."
http://www.tradingmarkets.com/news/stock-alert/grgrgreen-energy-resources-signs-2-year-55-million-woodchip-supply-contract-for-turkey-offers-us-gree-711508.html
"NNAN should move."
NNAN is indeed moving but not perhaps in the direction you were hoping.
Given that NNAN is a penny stock scam run by a sleazy Rochester, NY mafia (possibly literally), I can't say I'm surprised, however.
I'm sure Platinum do just as well from the lows as they do the highs. That's how these scams work.
"They had no knowledge that the blog mispresents itself and took the reference off as soon as they were notified."
No, they didn't. I notified them several hours before they removed the link. I suspect it was after I notified Adam Feuerstein that it got removed.
And why did they put it on there in the first place?
How did a biotech company become aware of a stock promotion on their behalf, and then link to it, without establishing whther it is genuine or not? Or perhaps we should ask if they were involved in producing it in the first place?
Why did they label it as an endorsement from Jim Cramer when the site itself doesn't actually state it's Jim Cramer's view?
I hope they conduct their clinical trials more rigorously than they monitor the untrue statements they choose to display so prominently on their home page, but as they steadfastly refuse to submit any of their data to peer review, or indeed to finish any of their Phase II programs, I guess we'll never know.
"Yes but why does the company on its website provide a link to the fake website where Cramer purportedly endorses the stock?"
I strongly suspect that is because not only is Pro-Pharma's CEO, Dr. Ted Zucchini, not worried about this misinformation being out there, but that in fact he bought and paid for this particular lie - that Jim Cramer thinks PRWP is a screaming buy.
After all, both Ted Zucchini and Jim Czirr have repeatedly told lies about the efficacy and safety of Davanat, they have also proffered false hope to cancer sufferers via the paid link on Internet radio where they encouraged cancer sufferers to attempt to enrol in PRWP's "named patient" program for Davanat, in one of the nastiest pieces of penny stock puffery it has been my misfortune to encounter.
It seems there's no depth Ted and Jim to which won't stoop to in order to make a fast buck.
The Boston Globe had a whole series of articles about Pro-Pharma, some of which should be considered as part of any proper due diligence exercise.
The employment of wire fraudster George Miles Mottel was a particular lowlight (and judging from the recent shenanigans with paid puffs etc., he may still be on the payroll) but some of the others are pretty unedifying too:
http://search.boston.com/local/Search.do?s.tab=globe&s.sm.query=pro-pharmaceuticals&s.ypsearch=&s.yplocation=&when=&qf=&qn=&qc=&qs=&s.si%28simplesearchinput%29.sortBy=-articleprintpublicationdate&s.dateRange=
"Cramer did not recommend PRWP. The blog is in the source of the misinformation, not PRWP. Anyone who has based a purchase of PRWP upon Cramer's alleged recommendation........."
Indeed, but these kinds of deliberately misleading Internet "reports" don't happen by accident.
One should ask in whose interest was it to promulgate the lie that Jim Cramer thought Pro-Pharma was a screaming "Buy"?
This was, after all, a lie that got repeated ad nauseum both here and on the Yahoo! message board for PRWP as an attempted rejoinder to Adam Feuertsein forensic dissection of Pro-Pharma:
http://www.thestreet.com/story/10741455/3/biotech-stock-mailbag-aspenbio.html
Is it plausible that Dr. Zucchini or some of the many Form 4 filers could be behind this?
Given that we know that Dr. Zucchini is prone to telling lies about the safety and efficacy of Davanat (about which there is no reliable data at all), and that he is CEO of a company that exploited a cancer survivor and used her story without her knowledge or consent to pump Davanat
(see here for the story: http://www.boston.com/business/globe/articles/2004/03/14/a_surprising_story_of_cancer_survival/)
the answer is clearly "yes".
"Vista, along with a growing list of analysts and advisors, including Jim Cramer, have either visited or spoken with the highly qualified management team organized in the past year, looked at the trial information, and agree with those of us who have bought into the company and its story."
We now know that part of this statement is not true, and that Dr. Ted Zucchini, Pro-Pharma's CEO did not put his inaccurate and misleading data to Jim Cramer, and that Jim Cramer never agreed with those who have "bought into the company and its story"
Perhaps for the sake of the historical record, and for the sake of those who might otherwise become future victims of this undoubted penny stock scam, this post should be amended or deleted to reflect the reality and remove the possibility of others being misled?
That would, after all, be the decent thing to do. TIA.
Please note:
"Green Energy Resources (Pink Sheets:GRGR) has received an LOI's from a UK company for two power plants."
As usual the alleged company is unnamed. However all companies that operate such power plants in the Uk are quoted on either the UK stock exchange or indeed on Wall Street. The existence of a PR referring to such an LOI immedicately becomes material information, and therefore must be announced by the other partner.
In reality, it would have been the subject of a joint announcement.
No company operating a power plant in the UK has issued such a PR, therefore we can safely assume that as with Mr. Murray's other PRs, this one is a tissue of lies from start to finish.
That, of course, makes Mr. Murray a criminal guilty of wire fraud and several other Securities offenses. It's a shame no one sems to mind that he's doing this, but I guess that's life.
Please note:
"Green Energy Resources (Pink Sheets:GRGR) has received an LOI's from a UK company for two power plants."
As usual the alleged company is unnamed. However all companies that operate such power plants in the Uk are quoted on either the UK stock exchange or indeed on Wall Street. The existence of a PR referring to such an LOI immedicately becomes material information, and therefore must be announced by the other partner.
In reality, it would have been the subject of a joint announcement.
No company operating a power plant in the UK has issued such a PR, therefore we can safely assume that as with Mr. Murray's other PRs, this one is a tissue of lies from start to finish.
That, of course, makes Mr. Murray a criminal guilty of wire fraud and several other Securities offenses. It's a shame no one sems to mind that he's doing this, but I guess that's life.
Some posters seem to object to me writing about Pro-Pharma's past COO, now CEO, Dr Ted Zucchini.
I wonder if my offense if worse or better than Pro-Pharma's "management"'s repeated offense of lying with intent to create a false market in their shares, otherwise known as a scienter?
I know what I think.
The second paragraph of your post, extracted from the report is completely true and indeed is common knowledge. Unfortunately it is quite irrelevant to Davanat.
Again, the first paragraph is entirely without foundation, as no data whatsoever exists to support the outrageous claims for the safety and efficacy for Davanat that have been made over the years by Zucchini and Platt:
There have been no comparative studies with Davanat, nor any controlled studies, nor any Phase III studies. In fact no Phase II study on Davanat has ever been completed, and no Phase III study has ever been even started.
Davanat has not shown anything in clinical studies, period.
One or two hypotheses were suggested by the reported results of the animal tests. The Phase II interim data did not support these hypotheses, and were not peer-reviewed in any case or even presented in a scientific abstract at one of the many meetings suitable for such preliminary presentation of clinical data.
One day someone will be held responsible for the complete lies being told by Vista Partners here. No doubt they will attempt to defend themselves by saying that Zucchini et al fed them these lies, but I doubt that will be an adequate defense in law.
Two minutes DD would show these claims to be utterly false.
A much better source is Adam Feuerstein's factual representation, which a poster tried to dismiss on the grounds that:
"Jim Cramer (Adam Feuerstein's boss at TheStreet.com) adds PRWP to his buy list."
It's surprising the amount of misinformation that PRWP's supporters disseminate. We know know that claim to be false, but plausible because of the way it was presented to deliberately mislead. Such misrepresentation is a hallmark of those who support PRWP, and speaks volumes as to the worth of the company and its alleged technology.
Here's the truth:
www.thestreet.com/story/10741455/3/biotech-stock-mailbag-aspenbio.html
"Vista Partners research report has the best overview of the potential for the company."
Actually the Vista Partners "research report" is pure fiction.
For example:
"DAVANAT® has shown in clinical trials that it can increase up take of chemotherapeutics into a tumor by 50% and reduce Severe Adverse Events (SAE’s) caused by chemotherapy by up to 50%. Clinical data also indicates DAVANAT® reduces SAE’s for the latest stage patients who would normally suffer numerous SAE’s as a consequence of late stage cancer progression."
The fact of the matter is that there have been no comparative studies with Davanat, nor any controlled studies, nor any Phase III studies. In fact no Phase II study on Davanat has ever been completed, and no Phase III study has ever been even started.
Davanat has not shown anything in clinical studies, period.
One or two hypotheses were suggested by the reported results of the animal tests. The Phase II interim data did not support these hypotheses, and were not peer-reviewed in any case or even presented in a scientific abstract at one of the many meetings suitable for such preliminary presentation of clinical data.
One day someone will be held responsible for the complete lies being told by Vista Partners here. No doubt they will attempt to defend themselves by saying that Zucchini et al fed them these lies, but I doubt that will be an adequate defense in law.
Two minutes DD would show these claims to be utterly false.
A much better source is Adam Feuerstein's factual representation, which a poster tried to dismiss on the grounds that:
"Jim Cramer (Adam Feuerstein's boss at TheStreet.com) adds PRWP to his buy list."
It's surprising the amount of misinformation that PRWP's supporters disseminate. We know know that claim to be false, but plausible because of the way it was presented to deliberately mislead. Such misrepresentation is a hallmark of those who support PRWP, and speaks volumes as to the worth of the company and its alleged technology.
Here's the truth:
www.thestreet.com/story/10741455/3/biotech-stock-mailbag-aspenbio.html
"Alex M. writes, "A colleague mentioned he had been persuaded to buy Pro-Pharmaceuticals(PRWP.OB) a few years back, and after years of languishing in losses, he's wondering whether it's actually a real company with a real drug candidate, Davanat, or whether it's an out-and-out scam or somewhere in between... Do you have a view on this company? I'm a huge admirer of your column, and have to admire anyone who flushes CEOs of companies like Generex(GNBT) and Cell Therapeutics(CTIC) out of the woodwork in the way you have. I suspect that makes you eminently qualified to comment on Pro-Pharmaceuticals."
I called the public relations people working with Pro-Pharma on Wednesday asking for slides and/or published articles so that I could review the phase II data on Davanat in colon cancer, the drug's lead indication.
Pro-Pharma's spokeswoman explained to me the company hasn't presented or published any of the Davanat data (from a study conducted in 2004-2006) because the FDA places "serious restrictions" on publishing clinical data without the agency's approval.
"Since Pro-Pharmaceuticals is in the design stage of phase III based on its phase II study, the company has not applied to the FDA regarding publishing the [phase II] clinical data," the company spokeswoman told me in an email, after she consulted with Pro-Pharma's chief scientist AnatoleKlyosov. [I'm not identifying the spokeswoman because she's nice and is just doing her job. No need to embarrass her any further.]
Naturally, the biotech B.S. detector chip implanted in my brain went into red alert mode after hearing that cockamamie excuse for not sharing old phase II data. The story doesn't get any better after reading what little Pro-Pharma has said publicly about Davanat.
Pro-Pharma claims to have run a phase II study enrolling 25 patients with advanced colon cancer treated with Davanat and the chemo drug 5-FU in which the median overall survival was 6.7 months, or 46% higher than the 4.6-month median overall survival for patients treated with best standard of care.
Except that survival advantage is totally made up because the study treated all patients with Davanat and 5-FU, with no control arm to perform any credible analysis of a survival benefit. Pro-Pharma acknowledges this in the fine print of its corporate slides, stating that the 4.6-month median overall survival for patients treated with best standard of care comes from a "recent publication" i.e. someone else's clinical study.
Davanat is supposed to increase the amount of chemotherapy that can be administered to a patient while also decreasing the side effects. After looking at the sparse clinical data available on Davanat, my confidence level in the authenticity of these claims is rather low.
Pro-Pharma seems to operate on a shoestring budget, which has forced the halt to several other studies of Davanat. It's not entirely clear if any of the Davanat studies were ever completely finished per design; Pro-Pharma says it stopped the phase II colon cancer study, for example, because "we achieved our objective."
Um, but usually, companies complete patient enrollment and treatment before conducting an analysis and concluding that a study's objectives were met. For some reason, Pro-Pharma operates clinical trials backwards. Maybe this is why it's the only company in all of biotech that needs FDA permission to present or publish phase II data?
On Wednesday, Pro-Pharma said it was moving ahead with plans for a commercial launch of Davanat in Colombia. That's Colombia, the country in South America. Apparently, Colombia President Alvaro Uribe is really excited about bringing Davanat to all Colombians suffering from colon cancer.
I'll stop now. Alex, I hope you have your answer."
-- Reported by Adam Feuerstein in Boston.
Vista is 'sticking it's neck out' because they have visited the company, spoken with the highly qualified management team organized in the past year, looked at the trial information, and agree with those of us who have bought into the company and it's story.
Please note that I did not apostrophise the possessive "its", as you imply in your quote - that is your error. As posters who are Moderators should know, that is a breach of the iHub Terms of Service, and I wouldn't knowingly commit such an offense.
Now on to more concrete matters.
You say that Vista "looked at the trial information" and that so have you.
But the simple fact of the matter is that there is no trial information, apart from one inconclusive Phase I study.
Again I refer you to www.clinicaltrials.gov:
http://www.clinicaltrials.gov/ct2/results?term=Davanat
The facts are that no complete Phase III study (that is a double blind well-controlled comparative study vs either placebo or an active comparator) exists, nor is there even a single complete Phase II study for Davanat.
Indeed Pro-Pharma hasn't entered a patient into its Phase II program for three years or more, or issued any peer reviewed data or scientific abstract on its progress to date.
Therefore it is quite impossible for Vista or anyone else to have looked at the trial information - except to note that there isn't any - and on the foot of that information concluded that Pro-Pharma is a good buy.
Perhaps you could explain to me what information it is that you see, whether that be non-existent trial information or other information.
BTW, I know of two well-known stock scams that have Nobel Prize winners either on their Board or on their scientific advisory board. When I asked one of them why he allowed his name to be used in such a connexion, he said he'd simply forgotten that he was there, and din't really know much about what the company in question did. So the presence or otherwise of seemingly respectable non-Exec Directors certainly shouldn't negate the real facts about a company and its performance or indeed its misleading PRs.
"If hay works, why can't woodchips?"
Wood chips probably would work, for all we know.
The issue here is that GRGR doesn't sell wood chips, it sells shares, buoyed up by false and misleading press releases.
How do we know that Mr. Murray doesn't have the tens of thousands of tons of high grade wood chips that he frequently claims?
Well, here's one indication:
Chips supplier defaults on contract with OBPA
By MAX R. MITCHELL
TIMES STAFF WRITER
WEDNESDAY, OCTOBER 7, 2009
OGDENSBURG — A storage agreement between the Ogdensburg Bridge and Port Authority and a New York-based wood chips supplier that was finalized five months ago has fallen through over a breach of contract, OBPA officials said.
Green Energy Resources has defaulted on a contract with the authority signed in June by not providing required insurance and credit agreements, Executive Director Wade A. Davis told the OBPA board at its Tuesday meeting.
Green Energy Resources officials did not return phone calls seeking comment Tuesday.
The agreement was to handle and store the materials from June 3 until Dec. 3, but Joseph C. Murray, president of Green Energy Resources, said in the past that he hoped the project could bring at least 10 jobs and about $20 million to growers and truckers in the area.
"We're disappointed to see they didn't follow their contractual obligations," Mr. Davis said. He said this was the first agreement to default since he came to the authority in 2005.
Tensions between the authority and the wood chips supplier began in July, when the company asked the authority to purchase a piece of equipment for unloading cargo trailers that typically costs $100,000 to $300,000.
In August, after almost 530 tons of wood chips had arrived at the port, Mr. Davis sent a letter to the company asking for the public liability and property damage insurances and credit agreements that were required in the contract.
The chips were being stored at the port and Green Energy officials intended to ship them to biomass power plants and wood pellet manufacturers in northern Europe.
However, after not receiving the documents and discussing the issue with the authority attorney, Mr. Davis sent a letter to Mr. Murray last month stating the authority's intention to terminate the contract.
A subsequent letter asked the company to take away the materials, Mr. Davis said, but after the company refused, the OBPA decided to absorb the costs of removing the chips, which remain at the port.
Mr. Davis estimated the total cost to the authority for the failed project at about $800. He said the authority does not plan to sue the wood chip supplier at this time.
"We'll talk to counsel and see what's appropriate," he said. "This had potential to create jobs in the north country, but we wish them well."
Not all OBPA officials shared Mr. Davis's feelings Tuesday. Board member Mary M. Farley and President Frederick J. Carter agreed to notify other ports about their experience with the company.
"We should let other ports in the state know who this guy is," Mrs. Farley said. "It would have been nice if we had known if something like this happened somewhere else."
http://www.watertowndailytimes.com/article/20091007/NEWS05/310079949
And here's another, where GRGR's CEO is pleading for chips through that major commodity trading exchange, Let's Talk Texas Outdoors:
"joe murray
Hey Y'All , I need 30,000 tons a month of Mesquite woodcgips ( cut with a whole tree chippe
Paying top $$$ Delivered to Corpus Cristi
NO GRINDED WOOD
Green Energy Resources
SAN ANTONIO TX
631 375 7921"
http://www.texashuntfish.com/app/forum/29052/BUYING-Mesquite-woodchips-and-other-woodchips/Let-s-Talk-Texas-Outdoors-Classifieds-Buy-Sell-Trade;jsessionid=512B6104D7F4401FD2702B1414AB5D35
And if that doesn't convince you, you could always try reading GRGR's many past PRs and seeing how many of them actually came true or were accurate in any way (hint: precisely none).
Or looking at GRGR's filings of its "accounts" on Pink Sheets.com and seeing if they make any sense, or are consistent from one period to the next (hint: they don't and they're not).
Interesting that Vista would stick its neck out so far to recommend a stock that has one drug candidate that not only:
has no complete Phase III study (that is a double blind well-controlled comparative study vs either placebo or an active comparator)
but doesn't even have a single complete Phase II study to its name, and hasn't entered a patient into its Phase II program for three years or more:
http://www.clinicaltrials.gov/ct2/results?term=Davanat
Predictable, however, that Agora would recommend such a stock, because they have a history of running and backing penny stock scams:
http://briandeer.com/vaxgen/stansberry-sec.htm
http://briandeer.com/vaxgen/stansberry-fraud.htm
It's intriguing to me that in this day and age, when due diligence is relatively easy to perform, that folk still fall for obvious stock scams like Pro-Pharma.
Still, at least it means I'm never going to run out of material for my hobby of studying penny stock scams and the shadowy figures behind them.
"they shouldn't be spending company funds to store Barnhill's tissue samples"
Perhaps he's going to clone himself nine times.
That way he gets to keep 10 times 10% of the revenue -or in other words, all of it (although, come to think of it, betweeen his cut straight off the top, and his not ungenerous salary and bonus, he already does, I guess).
Remember, you heard it here first.
"I guess the...NY Attorney General, SEC, FBI...haven't been properly informed about this character...?"
I know that several folk including myself have drawn the SEC's attention to GRGR but to date there has been no action. Other than an automatic acknowledgment, I received no follow up from SEC at all.
I guess that they are otherwise occupied with larger concerns like Bernie Madoff, or to be less charitable, too busy surfing dubious sites on the Internet
( http://abcnews.go.com/WN/sec-pornography-employees-spent-hours-surfing-porn-sites/story?id=10451508 ).
I also know that one poster on Yahoo! said he drew the attention of his State AG in MN to the carbon credit fraud that Mr. Murray is perpetrating alongside his other frauds:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=ts&bn=76611&tid=1287&mid=1290&tof=-1&rt=1&frt=2&off=1
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_G/threadview?bn=76611&tid=1287&mid=1320
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_G/threadview?bn=76611&tid=1406&mid=1406
sunspotter, can you elaborate on why you say this is a scam? Tia...
Try here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47526799
here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47676618
here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47676618
here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45735390
here:
http://www.watertowndailytimes.com/article/20091007/NEWS05/310079949
here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45637345
and here:
http://grgrstock.wordpress.com/
There's plenty more where that came from.
Alternatively you could download GRGR's so-called accounts from Pink Sheets, and compare one year with the next, and see if they are consistent. Or run Benford's Law over them to see if they are likely to be fraudulent or not.
Hope this helps.
I'm not here to warn anybody, I'm here because I have a hobby of studying penny stock scams, and GRGR is one of the more egregious examples of the same.
I find that in any such situation, there's always a section of folk who don't want to suffer buyer's remorse and admit that the object of their affections is actually a con-job, as GRGR so obviously is.
They're the ones who lose their money, their homes and their families when they average down over the years as Joe Murray and his ilk steal everything they have.
It's like watching a train crash in slow motion. Sometimes you wish you could intervene, but in reality you know some folk are beyond help and it makes quite diverting viewing in a perverse kind of way.
Green Energy Resources FEMA approved?
You must be joking. They're not even approved by the National Society of Penny Stock Scams, who regard Mr. Joseph Murray as a rather poor example liable to give the other crooks a bad name.
Unpalatable though it may be, anybody who bought in yesterday
(and really, you should have taken just a few minutes to look at the DD on this and other MBs that establishes GRGR definitively as a scam)
needs to accept they have lost their money, unless they can sell into the next pump n dump to an even greater fool.
Probably a valuable life lesson.
"Jag: If it is, we know what you'll bring.
ANTipaSto! "
And I assume we can rely on TRCPA to provide the Kool Aid as usual?
Yep, sure looking like that. geez how do they get away with it?
Good question. Every PR Mr. Joseph Murray releases is pure fiction from end to end, as are the unaudited accounts he periodically files with Pink Sheets.
Apart from this latest world-saving venture, in the past twelve months alone, he's saved the country of Sweden from severe power cuts, and provided invalauble assistance to the poor folks of Haiti after their natural disaster - according to him anyway. He has also generated sales which should give GRGR a market cap not dissimilar to Berkshire Hathaway, although bizarrely no one has ever seen or heard of a real company with which GRGR has done business.
What Joe Murray does have, however, is a long procession of folk lining up hoping to perpetrate extreme, possibly terminal, violence upon him. I would think a few more have been added to that line today.
I haver fortunately never "invested" in GRGR becuse I saw it was being pimped by the same fine message board promoters that gave us Biophan, Natural Nano, Pro-Pharma, Viragen and other notable penny stock scams. It seems the SEC turn a blind eye to this particular cess pit of financial and economic terrorism.
Anyway, good luck. You're gonna need it.