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I warned Siegel about Asher. Hopefully he will listen because other CEO's have been scammed by this Curt Kramer. Isn't it strange you can hardly find an e-mail from Asher. I just found some yahoo mail but not even sure if it works. He's definitely doing illigal acts against the SEC rules and ECOS must get out of Ashers claws. I hope ECOS is not involved and get's my trust back by assuring us shareholders that they are not taking part in this pump and dump game. Yes, we can make a change guys. Like I said I did this before and it worked. CEO's do read these posts.
This is how they do it. Found this post on investorshub at the NIR group written by Wooster :
Will send this e-mail tot ECOS also.
Same Scam Newer Players ??
As the former advisor to CEOs of small companies it is my duty to disclose what I think is the next scam out there. I have seen it all and then some. I know all of the players and there would be alias’. Their tactics and procedures. But this, is even new on me.
One of the most interesting new groups seems to be a little known band of thieves that all decided to play together. It is quite interesting really and we have been told that there are several investigations on going into what they do, how they do it and who profits from it. We can only hope the authorities are more focused than they were on Mr. Bernard Madoff.
There is a sleepy building in Great Neck, New York 1 Linden Place, Suite 207 that houses several companies controlled by the same person, one Curt or Kurt Kramer. Mr. Kramer runs a firm called Mazuma Capital that seems to prey on small companies in the nanocap world of small cap companies. Kramer also owns another company housed in the same office building and quite surprisingly in the same office called XXR Consulting. XXR according to press releases from IVOC – iVoice, Inc.; TLYN – Telynx Inc.; TXDD – Texas Diversified Distributors, Inc. POIG – Petrol Oil & Gas, Inc. and IEVM - Integrated Environmental Technologies, Ltd.; is a financial communications and investor relations firm. It is interesting that Mazuma www.mazumacapital.com which has been a defendant in numerous shareholder lawsuits, in an investor through different subsidiaries in all of these companies located in Texas and Minnesota. From the definition of a pump and dump scenario this seems to be the perfect description and violation of multiple securities laws which we understand are being investigated.
Another player in this close knit group is Kenneth Yellin who recently teamed up with the other player that I am told is the silent money behind all of Mazuma’s cloak and dagger moves, Michael Manis. Manis and Yellin are the owners of a firm called The OGP Group, LLC that interestly shares an address with Coastal Group Holdings Inc. a company owned by Michael Manis. Their incorporated address is 207 Mineola Avenue, suite707, Roslyn Heights, New York, 11577 but their working address is 33 South Service Road, Suite 107, Jericho, New York, 11753. Manis is said to have been investing for years in the shares of Initial Public Offerings through multiple named accounts and other nominee people some of whom have been barred from the securities industry. It seems since the days of IPO shares have somewhat dried up Mr. Manis has a new game which is working positions in conjunction with Mr. Kramer from Mazuma through certain broker dealers in Canada by using a strategy known as “Parking”.
Parking securities is an SEC violation. An investor such as Manis and Yellin enters into an arrangement with the Parking Firm whereby the Broker-Dealer would sell the bonds or stock or positions to another dealer for settlement that month. That dealer will then sell the same to the Parking Firm (OGP in this case) for a fraction higher than it had purchased them from the Broker-Dealer. The Broker-Dealer would then repurchase the positions from the Parking Firm for settlement the next month, with the Parking Firm earning a small profit on the transaction. Yellin and Manis are believed to have used the time between settlement dates to find a customer for the positions. The parking scheme essentially allows an extra month to find a customer for securities over which they maintained control and profit from illegally controlling the price of securities until a buyer is found. This technique is further used to ‘hedge’ as some would call it the positions the OGP and Mazuma purchased from the companies that they consult for on investor and public relations. This is obviously not a real hedge as anyone would know it. It is one of the more ingenious ways that has been disclosed to get around shorting rules in the marketplace to be able to short against deals one is in investing in. Clever but nonetheless completely illegal.
As this is done offshore and onshore there are cross trade and international trade allegations involved in this scheme which will most likely be the subject of the several investigations or already is.
Both Manis and Yellin have a relationship with Canadian broker-dealer Qualico Capital www.qualicocapital.com. While boiler room broker-dealers have been extinct for sometime here in the States and in Long Island where both Manis and Yellin hail from, Qualico seems to be the traditional boiler room set up. Its principals are Javen “Jay” King, Richard DeSouza and Peter Lindhout. On Qualico’s website they even advertise that they do “Investment Banking” and “Investor Relations”. Two services that usually scream? Pump and Dump! Qualico continues to list a host of interesting services such as Public Relations in Europe and a Dual Listing Process, which any one who knows the small cap market knows that this was widely used by the boiler rooms of the past. Qualico also has a ‘stock loan’ service. This seems to be the area where Msrs. Yellin and Manis have the most involvement as the utilize this service for their ‘parking’ scheme.
The principals of Qualico have an interesting background as well. Mr. King claims to be an former employee of involved somehow in Europus Capital, yet Europus Capital does not seem to exist. Europus Capital Strategies a Zurich based investment consulting firm does exist, yet no one seems to know Mr. King. According to certain shareholders of companies as revealed on www.worldlawdirect.com Mr. King seems to have induced people to buy shares of companies that may or may not have existed at the time. Clearly a former boiler room scenario.
Mr. King also owns www.emergingissuer.com that managed by Pastorfide Tassone Group, Inc. which is owned by Mr. King’s wife Aida Pastorfide-King. This website touts companies in the small cap world. Interestingly enough some of these companies seem to have been stocks that Mazuma and OGP’s principals traded in.
Once again, the boiler room and pump and dump tactics are alive an well. CEOs everywhere be careful who you get involved with and make sure you are not getting involved with the next scam artist.
NSAV, another victim of Asher. Check out their 10Q.
Surf, tired of waiting any longer and playing these games when the game isn't played honest. Did send already an e-mail to nada@capitalsituation.com and info@ecolocap.com demanding some answers about Asher. If not I will start warning other people and even companies like FEI and Monar. I'd rather loose my investment then playing this game any longer to enrich the likes like Asher. We should all stop buying and trading until Asher is out of the game. Either Siegel starts to respect us and deals with Asher or he will have to start dealing with the power of social media. I already exposed another company who didn't respect it's shareholders and will do it again if necessary. Watch the pps today. If the dumping stopped the read my e-mail, if not I will send a personal e-mail to Curt Kramer from Asher. Check out asherenterprises.org. Looks like the guy is a saint but I'll find out if he's not. Time to grow some balls and I hope this board can proove me wrong. If not I expect their full support in exposing Asher.
So as long as we see Asher in the 10Q we are bound to go lower and see a pump afterwards. Siegel must know this. Does anybody has Siegel's recent mail so I an contact him about Asher or will somebody else ask him about Asher's practices.
HB, it's clear for me what's going on. Asher enterprises has got us in a dead spiral and I don't know if we can survive this much longer without some real money coming in.
Read this post I found to get an idea about what we are dealing with:
Asher Enterprises, Inc - toxic debt financier
Has Asher Enterprises Inc become the most common and most toxic of the penny stock financiers?
Over the past several months I have seen Asher Enterprises Inc show up in more and more penny stock filings.
Doing a search through SEC reporting companies brings up the name Asher Enterprises Inc almost 800 times since March of 2010
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=%22Asher%20Enterprises%2C%20Inc%22&isAdv=false
Asher Enterprises, Inc is a toxic debt financing company domiciled in Delaware, located in New York, and run by Curt Kramer.
ASHER ENTERPRISES, INC.
1 Linden Pl., Suite 207
Great Neck, NY. 11021
Curt Kramer, President
People may recognize the name Curt Kramer from Mazuma Holding Inc and Mazuma Funding Corp. Mazuma ran out of the same office as Asher Enterprises, Inc. While involved with Mazuma, Curt Kramer and his partner Charlie Mayo helped finance several penny stock scam companies.
Asher Enterprises Inc usually gets involved in smaller sized financing agreements that do not require S-1 filings. Common factors in Asher Enterprises Inc financing agreements are really high interest rates and especially ugly conversion ratios. The terms of most Asher Enterprises Inc Notes allow Asher to convert their debt into free trading shares at a 60% discount to the 3 worst closing prices over the previous 10 trading days. Taking the 3 worst closing prices over the previous 10 trading days can often translate into Asher Enterprises Inc getting their shares at well below half of the market price.
These kind of toxic debt arrangements are the most damaging type of financing arrangements because of the high amount of interest the Notes accumulate and the huge discounts given on the shares issued to the Note holder.
The lower the share price goes the more profitable these toxic debt agreements become for the Note holder like Asher Enterprises Inc. Because of this there is incentive for the Note holder to short the stock to drive down the price before converting the Note into free trading shares. After converting the Note into shares the interest changes to pumping the stock to attract buyers to try to sell those shares at as high a price as possible. The Note holder will often times pay for a promotion to facilitate the dumping of their shares. This brings in unsuspecting investors who have no idea they are about to get dumped on probably causing them great losses.
The dumping of these super discount shares drives down the share price of the stock. The lower the share price goes the harder it becomes for the company to raise capital forcing the company to seek out more toxic financing agreements. The lower the share price goes the more discounted shares have to be issued to settle these toxic debts in the future. The company is now trapped in a toxic death cycle. Once a company signs a toxic financing agreement like the type that Asher Enterprises Inc offers there is usually no escaping the inevitable toxic death cycle after that. The outstanding share count will continue to go up and the share price will continue to go down.
It is for this reason that all investors (whether short term flippers or long term investors) need to learn to read filings and recognize toxic financing agreements. Look for convertible debt Notes and look at the terms of those Notes.
Unfortunately not all penny stocks are fully reporting. For non-reporting companies there is usually no way to know if the company is involved in a toxic financing arrangement. This is one of the reasons that non-reporting companies are so risky. You never know when dilution is going to be a major factor in destroying the share price.
Not every toxic Note holder has an easily recognizable name like Asher Enterprises Inc or Lionheart Associates LLC or JMJ Financial or Tangiers Investors LP or NIR Group. Sometimes it is the insiders of the company (former officers/directors, current officers/directors, friends and relatives of former or current officers/directors, etc) that set up toxic convertible debt Notes for their own self enrichment.
Any time you see a convertible debt Note show up in a company filing you better be well aware of when the Note holder received that debt Note and when that Note can start being converted into discounted free trading shares. All convertible debt Notes are red flags for future dilution.
Hopefully some of the changes that come out of the recent SEC Roundtable on the Execution, Clearance and Settlement of Microcap Securities will help curve these self enrichment scams that involve insider owned Toxic debt Notes and also prevent the market manipulation that so often comes with all Toxic financing agreements like the ones offered by Asher Enterprises Inc.
yes, it was trading around .5 last year and the dropped like a stone to .11. Mmm...now they advise us to buy this stock.....They have a 7 million market cap and only licence the M -fuel technology for Canada. I really wonder why the article doesn't mention the licencee with a market cap half of Monar's holding the rights for the rest of the world...Maybe we should send this Justin Person an e-mail to ask him why ECOS is kept quiet.
That's what I want to find out this afternoon. they aren't lowering the ask a lot anymore. Hopefully I took à great position when it was under .004. my last buys at this level didn't get filled completely on thuesday before the big rush on wednesday so I knew the dumping to get some cheap shares was over. I guess we Will close at .01 today so we consider this as being à great week for those who had the money and guts to buy at the start of the week. Saw this trading patern twice last year but didn't buy but the monar pr convinced me to jump in this time.
Very curious about the afternoon trading and even more about today's close.
O yes it will, this stock is trading on insider news but this time the news will be solid. We Will have our first working NPU wich secures us off recurrent income this time. Nice to see the bid so low to guarantee us that nobody will sell at that price.
I'm actually in the green again. I hope you guys bought this time when it was under water. Third time in a year we get this patern . Like I said, to much insider trading on this stock.
Very big buy in the close!
Flaw, I second you. Have been buying at the close all week and was able to average down to .010 holding now Well over 2 million shares. We are all taking à wild guess here about the next move but the monar PR was for me an inside sign that we are one the verge of à final breaktrough for ECOS.
The Monar PR was a sign that they are still alive and well. they are bashing the pps to get their hands on as many shares as possible before they will release any good news. Just stand your ground and buy as much that you can at these prices because you see big dumps but also big buys these days. To much insider knowledge about this stock.
Correction, " along with it's tiny 1.3 million market cap"
Surf, when you think they are dead in the water the rise like a Phoenix. We saw a whole month of dumping shares at bottom prices who and why, take a guess. They warm us up with great news to come and then complete silence. either they play it by the rules or we are just a bunch of idiots lured into Siegels den. Last time they did this to us we rose almost 1000% What will it be this time. The test can't be bad and the NPU should be build because it is paid with a letter of credit. Is there an agreement not to issue any good before 2013 due to tax reasons? When his is the case we will not see a rise tomorrow but one last red day.
1.54 million k omapere.
We are all waiting for news. I'm afraid we will have to wait until 2013.
Pasauquin, my thoughts also, not accumulating anymore. Owning way over 1 million shares so happy to dump them one day at a pps of .20.
Surf, I know. I have been holding ECOS for 3 years now and their timing has been lousy. It's like their NPU factory. It should have been finished months ago but they didn't even start building it. they promised us a lot this month but none of it has been confirmed. According to the contract the NPU should delivered but I doubt it . Still I'm not selling because news can hit us any day now.
Surf, either everything is a lie but if it is not we can only watch the paint dry. Either we drop because the test were suddenly a disaster or not true, the delivery of the NPU failed, the Ukraine deal failed or EXIM deal didn't worked out. take your pick. I haven't heared anything negative either so what else can it be then the manipulation of a stock. all I now is that every time everybody gives up on ECOS they make a big move. And yes we are used as an ATM but that's ok for me when it helps the company. What still gives me hope is the lack of fluffy PR at this moment because next PR should be one with the news we hoped to hear. Will hold this stock anyway for at least another year.
Pasuquin, welcome back. I hope your vacantion went a lot better then the ECOS pps. Nothing but dumping large blocks at the open and the close. however we did see some big buys last friday also. They are really trying to scare everybody out. anyway saw it as a buying opportunity all week at bargain prices. Look at the pps patern this year. every time before a massive jump we came to this kind of trading. Stock is easely manipulated by insiders and that's all we see her.
Typical trading before new. Orchestraded sells at a fixed price. So I guess there are big buyers who want shares at a low price. Holding down the rope I call it. Nothing to make of it. I still consider these levels buying opportunities for the common shareholder. ECOS is an all or nothing play and 2013 is right behind the corner with lot's of catalysts to come.
Be carefull boys, don't let them cheat you out of ypur shares. Big news coming. Typical ECOS insider knowelgde trading. Hold your shares because the pop will be well over 500%. LOL
Me neither. And Pellerin left the company a few months ago! No wonder the pps drops after these kind of annoucements. So what the hell is Kwak doing in the Ukraine. MS get your facts straight and start explaining these moves.
you just should have bought today and yesterday!
Flaw, according to the sec rules MS can not indeed say anything. Only after an official PR he can. ECOS never pumped it's stock so the play it by the rules. Anyway MS stopped long ago answering investors mail since he got a lot of hate mail the last few years.
Indeed flaw we sit and wait. Couldn't resist buying some at .008 today. Hope we move above .001 tommorow so I'm not longer tempted to buy. LOL
I do believe we will move a lot higher before the weekend because news is really behind the corner.
setting up nicely for the million buy after hours!
Flaw, You saw that 3 million buy again right after hours. Yesterday we had a 5 million buy. I bet it's the same buyer. Those 2 buys represent about $75.000. Thats' no small amount for a stock like ECOS. I guess he didn't wanted to pay $150.000 a few days ago. High volume, big buys in the after hours. We small fish just watch and learn I guess. If the stock stays at it's levels today we will probably see the same scenario with high volume and a big buy in the after hours depending how much shares this big client want's. I'ts all legal in the US I believe to hold the rope down so the big guy can step aboard before we leave the station.
I'm pretty sure it was ECOS themselves who made the cheap shares available to get some financing done. I guess they sold about 15 million from the shelf because you could pick them up very fast at a bargain. Hopefully the last present they gave us because I have over 2 million shares now while I was planning to own only 500K! Anyway got my average down under .0015 and it's on these kind of days you can make a killing later. Until now, Pasaquins prediction is far off but one positive PR can propel us to .003 in a day. Still haven't heard from ECOS on the Monar deal. Anyway Monar is of no importance for the future. It's the big american customer and the Ukraine deal that will rock this.
Anyway I see a lot more buys then sells today. Those who still got the juice just start buying at the close. Even cheaper then yesterday!
Guys, they are selling at 0,008 today. Already picked up 500k at these levels. Either I'm screwed or a rich guy in a few months. LOL
Anyway, I hope Pasuquin didn't get a heart attack after today's biggest one day loss ever. Will buy another million tomorrow if still under .0010
Re: rino1 Post# 3845
I continue to accumulate. This is a real company, not some pump-and-dump pos. Ecolocap has a real technology that is sorely needed in this day and age. I see big things in the future for ECOS. I will be out of the country (in Pasuquin) and off the grid from 11/22 thru 12/15. When I come back, I expect to see ECOS above .05. God bless us all!
Pasuquin
P.S. Pasuquin is the town in the Philippines where my wife and I have our vacation/retirement home on the beach. Yes, it is paradise.
Replies:
sounds epic..have fun
money2013 on 11/17/2012 9:24:25 AM
Rent it out to a fellow ECOSer
MD3 on 11/19/2012 9:59:21 AM
Report TOS
KaKao, the only thing that worries me that ECOS themselves didn't mention anything about this deal. I won't be surprised if this monar company wich operates from Canada used ECOS for their own benefit . Monar announces about 2 times a year that they are taking over a company are getting into an agreement. Ecos has always been honest about their partnerships but this time we have no clue were this company comes into the picture. ECOS has been dealing with countries and big players lately and suddenly a company shows up with no credibility claiming on their website they invented M fuel . fishy this and ECOS could have become the victim of an orchestrated raid to obtain a few million shares at bargain prices. This game is not for the weak among us. I expect an answer from ECOS tomorrow because the lost half of their market cap after a so called strategic venture announced by Monar all over the Internet . ECOS is real but I'm afraid they became the victim of some shady Canadian operating from Hong Kong.
MM is they guy who set up the 5 million buy at .095 after hours.
A 5 million buy after hours says it all. Many got screwed today.
Be all serious. Read my post from yesterday. You all got the wrong company. Nothing to do with a Chinese shell company. It's A Canadian company. Thanks anyway for the million shares I could buy today under 0.010. This was a big shakeout today.
That was a cheap shot in the end by the MM.
At least the are making a big deal out of it on their website. I guess we sold another NPU.
http://www.monarinc.com/