Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
To contact my Congressman I have to fill out a contuent Release form (Privacy Act of 1974)...Funny the legal things you have to do to stop someone from doing illegal things!
Here is the phone # for the LA branch of the SEC who should have jurisdiction over filing complaints against SPAH (companies registered in Las Vegas.) I used the # to begin the complaint process against another penny scam.I got the # from calling OTC. I will be calling OTC in reference to Spah also. 323-965-3998 Please report and post results here.
How low does this thing have to go before you come to the conclusion that it's not coming back any time soon?
b and d are my choices too, just gathering evidence for b...
you go right ahead....this will get bloodier
Not looking good for the run the cheerleaders are calling for...We need real NEWS
Sorry to say but I find NOTHING re-assuring in the 10k...alot of junk they have said on their site or in PRs...or that they have sold shares to raise money....we all know that without the 10k
I want to see these patented devices in action(in testing or in the field) I want to see the companies they are working with, not websites of companies we can't find.I want to know the goelogist they are working with.
In the following statement from the 10k it mentions costs not being borne directly to the customers... What customers? Who are they dealing with? There should be evidence of the companies they are supposed to be working with.
The Company spent approximately $3,900.00 on development of its patent this last two fiscal years. None of this cost has been borne directly to the customers. For 2009, the Company spent $4,351.00 on the development of the technology.
SPAH holds one patent pending and is currently developing it:
Mixing, Milling and Aeration Apparatus for Digesting Metal Ore with Bacteria
SPAH was issued 2 patents in 2010:
Laser Guidance System for Diamond Wire Cutting Apparatus US Patent 7,755,013
Continuous Refractory Ore Bioprocessing Apparatus US Patent 7,842,228
Yeah...looks like the scammer got scammed...
From a previous statement made by the company (which I posted previously)on there web site 26 Jan 2012........ While there is an existing moratorium on California's river dredging, the company sees a tremendous opportunity for growth in providing eco friendly alternatives in untapped lucrative gold, silver and platinum areas and becoming a green model for mining in the future. Dale Henry, President of Spectrum Acquisition Holdings, states, "Spectrum is positioned to grow with its proprietary technology in areas of high promise that are not a danger or threat to the river's eco system or fisheries. Spectrum Acquisition is keeping in compliance and has no plan for river dredging operations in its business plan.".......
Now their lastest release says this....
iii) In September of 2010, the Issuer purchased Avalon Perspectives and acquired an unpatented gold mining claim in northern California. The Company has had to delay development of the claim because of California SB 670 which placed a moratorium on dredging. The previous moratorium established by SB 670 DFG needed to take several actions (i.e. comply with CEQA and adopt amended regulations) which would then allow suction dredge mining to resume, under the new regulations. AB 120 adds a legislative. The legislature will need to affirmatively approve a new fee structure, which would then allow suction dredge mining to resume under new regulations
I thought the whole idea behind the "proprietary technology" (which is the core of their business model) was that no dredging was needed.
Looks like Dale is having the same problem we are(Getting left holding the bag with no communications).....In October of 2009, the Issuer entered into an agreement with a mine operator for the production of gold in Peru. There has been no successful development of mining operations since the agreement was signed. The company has not been able to contact the mine operator
My gut feeling is that they have made their money and are not doing anything they claim in PRs. As I said in a previous post, that is why I am trying to find out what is going on with the claims concerning Avalon, it's probably the quickest and easiest of the claims to prove or disprove.(Just a place to START) That will give me an idea about what they are doing with respect to their other claimed projects. As far as keeping current with the filings, they may do that but what will that prove? That they have made some money and paid their debts. If so, of course they did, with all our money. It will probably be accompanied by some lame statement of future intentions.(which they can do under the protection of the"forward looking statements" disclaimer.) Don't get me wrong,I would much rather have my gut feeling proven wrong and see some real evidence of progess, for all our sakes.
Maybe he struck it rich and doesn't have to associate with us anymore.
I had seen that info previously, but after I had bought in at.38 I bought more later to avg. down. Hoping on a pop from some B.S. Pump spree.
Is it possible this thing does another R/S in the future?
I said in earlier posts(after it was too late) that I thought the only way to play this was to move quickly after the Pumps or after Press Releases. They make the stock move whether there is truth in them or not. I also have seen the charts moving the PPS theory get blown away.
No disrespect taken,as a matter of fact, of all the posters on this sight, I respect you the most. Also your efforts to keep the discussions real and about the company and not being what I like to call a cheerleader.
I am trying to start with the Avalon Perspectives part of SPAH. It seams like their claim of opening a first class eco-tourism/gold mining destination with first class ammenities in the South Fork by August 2012 would be the easiest and quickest claim to find evidence of. If that could be proven, I would feel much more confident that other company claims are true. It would also be a source of cash flow for the company, while their more complicated ventures got off the ground.
Just so you know, I am not trying to rain on any parades here, I am just trying to find actual proof that any (even one) of the company's claims is true. I bought in at .38 and some at around .02. I WANT THIS TO GO UP!! I had a very bad experience with another company that has made claims of selling millions of dollars worth of solar modules to companies in Spain, South Africa, India and other countries, in association with other companies and after 2 years of research I still can't find 1 shread of evidence that ANY of it exists. All of that companies claims were published by Newswire and other so called news outlets. That is why I go by "skepticone".
So please don't take it as an attack on you if I question things you post.
The point is, the company is stating that they can conduct business without this ruling. If that is the case, they need to get the show on the road.
In Dale's PR of Dec 19 2011, he stated that "Spah is keeping in compliance and has no plans for river dredging operations", so what does it matter what happens with these court proceedings?
He says they plan to use their "proprietary technology" and "small footprint green mining techniques".
Chompers and I are still here but there isn't much to say that hasn't been said before. Nothing worth saying 'til REAL NEWS comes out, which I don't see coming any time soon.
Sorry to say, but this stock is starting to look like the only nugget...a butt nugget!!!LOL
Thanks for the info...I will check it out...learned my lesson from FDEI...that's where the "skepticone" came from...I too have shares in FDEI ($ 2,100 +) and have long considered it lost. Now I am just trying to keep others from losing their money on this fraud.
Just got off the phone with OTCQX...FDEI is "not even close to meeting the requirements" is what I was told. They have listed them as negatively as they possibly can. They are unable to contact them. He gave me the SEC local branch that should have jurisdiction over FDEI since they are inc'd in LV He said we may have better luck reporting to them.
Tried calling OTCQX but I think it was after hours. Going to try again, see if they know anything about FDEI attempting to meet their requirements
I think you and I are the only ones even looking at this board
Have you been able to find anything else about this company. I've tried calling some of the numbers associated but they are not in service or you get some other place.
I just logged on specifically to ask the same question...I've been waiting to bust on him...Check out other posts he has made elsewhere...he sure has alot of inside info with many companies!?! That's what he says anyway.
I'm not familiar with this board's rules...is there a way to exchange e-mails or a way I can contact you so that I/we can compare info so that I can compile all of it in some type of order to that I can continue investigating and present it to whoever will listen?
see post 11599
I believe someone has to file a complaint against them before they will investigate. No one seems to want to do that. I am not experienced enough to gather my finding into a concise presentable format. I also want to make sure I have all the facts first. That is the hard part. Everything leads to dead ends and those that I speak with are not interesed enough to help persue this.
I tried to file a complaint with them last year. You have to go to the web site and fill out all kinds of stuff on a form( which I did),then submit the form.When I submitted it, I don't know if it went through or not because the site page did not respond and I could not submit again. I also spoke to someone at the OTC, shortly after that is when the warning was posted about the stock and skull and cross bones thing shows up. Don't know if I had anything to do with that. I just know I have been sitting on 48,000 shares and a $ 2,157.00 loss for a loooooooooong time.
The key word is "if"...I've seen that in so many post over the last months..Like my dad would say.. "If the dog wouldn't have stopped to take a crap it would have caught the rabbit"..Thing just keeps going down.
I invested money in FDEI years ago when they were a gas and oil energy company.They had a website that looks almost exactly as the current one does, except it was www.fidelis energy.com...I had subscribed to the on line news letter. They used to send e-mail updates(looking back it was probably BS), they stopped updating. I called the contact # and left messages,with no return calls. Then one day I came home to find a message that I should call them concerning important investor information. I tried calling back and left messages until the # was disconnected. Shortly after that the old website was gone and so was all "news" about the company. Some time later they re-appeared and the "press releases" start up again. Still with no verifiable info.Then it goes dead again until the most recent PR Pump just before X-mas 2011. (Must have needed money for X-mas shopping). Nothing since then. They had mentioned the same sort of thing years ago about trying to get compliant with OTC and NASDAQ. All BS IMO.
In your posts #871 and 872 there were links to Matternetwork,South African Alternative Energy Association,and Alternative Energy of Africa. All of them have published statement that were submitted to them by "someone from the company". These sites DO NOT verify the information in the article or the people who gave the the info to publish. There are dozens of sites that have published the same exact "press releases or company statements". I have contacted several and they are the ones who told me that they do not verify anything they just publish what is given to them.(For a fee I'm sure). I have made them aware that I have tried to find the projects it is working on and the companies FDEI claims it is working with and cannnot find one shread of evidence that any of them exist. Matternetwork is one of those that I spoke to. I even spoke to someone from the South African Stock Exchange about TinSol Energy (TSEL). They never heard of the company or that ticker symbol.Also looked into the Spanish companies listed and the company that supposedly financed the "final trache". Any guess to what I found? EXACTLY...NOTHING.
I have been trying to research this company for years...all roads lead to dead ends...I do not believe anything this company releases to anyone. Not one claim they make is verifiable and it is impossible to contact anyone from the company or any of the associated companies it is allegedly doing business with.
first of all, what you posted is a realty company ADVERTISEMENT of a proprty that was purchased. Of course the ad is going to emphasize the POSSIBILTIES and all the great points of the property,they want to sell the property. I am not interested in the fact that the property exists, I want to see PROOF of the company's claims that actual mining is being done that will produce results for US, the share holders, not just some smoke screen. They claim to be "evaluating the re-opening of three; once highly productive gold mines", they would need permits to do that. To get those permits,they would have to be in contact with the woman I spoke with on the phone. She knows nothing of this company. Untilthat VERIFIABLE PROOF is given that the company is doing what it claims, we need to keep digging and be suspectful.
Could use all the help I can get preparing a presentation to the SEC...Back in other posts I've made here I said there was more to DD than just looking at Press releases a company puts out and the promo pumping, and that there were alot of intellegent people on this board and that we should be able to get the facts about this company and prove or disprove their claims. I am torn between warning others on this board(which drives buyers away) in the future and wanting this stock to move up so that we can get our money back.I believe that until the SEC gets involved or the OTC market stops the shares from trading there will eventually be more "news releases" and promos that suck in more uninformed share buyers and the PPS will jump. The only way to play this is dump after a new pump and get as far away from this stock as possible.
Badgerbob...please let me know how I can contact you with info about what I have found on this company and where you can go to VERIFY what I have found.
Received a phone call back from the woman I mentioned in earlier posts, who is in the Forestry Department(mining and minerals). She told me that if any company wanted to do eco-tourism or mining in Siskiyou County California, they would HAVE TO speak to her. She has never heard of Spectrum or any of the other companies on the SPAH website.I was driving at the time of the call but we agreed to stay in touch and she is investigating this further. Real DD being done...I will post what ever info I find...FACTS...I want to confirm with her that it is OK, before I post her number,(I'm sure she is very busy and doesn't everybody on this board calling her office) although her number is readily available if you go to Siskiyou County websight.
...and pigs can fly
And with the same old "news"(more like pumping) drift even lower like it has for months