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Surprise, surprise! I'm gone for a week and when I check back this POS share selling scam is setting new lows. It's nothing if not predictable. Too bad brokers won't let you short this scam or we'd all be making money.
Investors want to believe you. Please provide information regarding any location where the product is available for sale besides online. This will help dispell the preception that the products aren't readily available, and thus aren't selling well.
Firstly, you are grossly misinterpreting the ToS for IHub.
They expressly forbid "Attacks, verbally or otherwise, any other user, the website, any non-public figure, or any agents or employees of iHub". Brian Weber, through his PRs, shareholder videos, etc...has established himself as a public figure. He also happens to be the CEO of the company so he is fair game for posters to express their opinions of him, positive or negative.
Secondly, it's only libel if it isn't true, and if you can prove that it has caused damages, which is virtually impossible.
Thirdly, Brian's email is public knowlege:
http://www.bbb.org/charlotte/business-reviews/home-improvements/brian-weber-and-associates-in-mooresville-nc-114528
Do some more "DD" about this company and you'll discover that the naysayers are right way more often than they're wrong regarding this share selling scam.
Current stock status for BBDA:
The transfer agent was gagged days before the release of a music video with a product placement of Koma Unwind. The PPS has declined ever since which would indicate potential dilution that cannot be confirmed at this time.
The company cannot provide the name of a single brick and mortar store in which their products are available for sale, so the product is only availble over the internet as far as anybody knows.
The financial statements posted on OTCMarkets are incomplete and unaudited and cannot be relied upon for accuracy.
Never.
I already gave you examples of statements and PRs that were either misleading or flat out false. I have never and will never buy or sell one single share of this company. I am sure you have all sorts of industry knowledge and probably some insider connections that tell you this is going to be a huge success, but to date there has been nothing verifiable to support that theory. Good luck.
http://www.marketwire.com/press-release/bebevco-announces-plans-to-launch-koma-unwind-direct-response-television-campaign-1338221.htm
Never happened
http://www.marketwire.com/press-release/bebevcos-koma-unwind-gets-brand-boost-with-foyt-1336537.htm
Pretty sure that never happened either although I don't follow racing.
http://www.marketwire.com/press-release/bebevco-finalizing-plans-with-national-pharmacy-chain-1332135.htm
Whoops.
http://www.marketwire.com/press-release/bebevco-brings-in-big-gun-with-wyndam-media-group-addition-1284858.htm
National media campaign?
And on...and on...and on...
Already posted one fact for you. Here, I'll save you the hassle of having to do a Google search. Pick pretty much any PR about distribution and/or sales since BW took over the company and there is a 99% chance it was false and/or misleading.
http://www.marketwire.com/AdvancedSearch/AdvancedSearchResults.aspx?sid=0aa64620-6c85-4351-ad19-4d692131678c&idx=1&page=2
No, they can not sell it in the U.S. because it is a medical device. Nutritional supplements, like the ones you mentioned, follow a different set of rules as compared to drugs and medical devices.
The SEC has not taken any action to date. Time will tell.
I can, but I really don't have the time or desire to do so. Pick any PR about distribution over the last 2+ years and it was likely false. Here's the biggie though.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38331388
There will be no reverse splits at this time or for the foreseeable future. I have decided that we will not be doing any reverse splits until I can enthusiastically offer to you, the shareholders, a two consecutive quarters of reporting audited financials. That will solidify the fact that we are an absolutely legitimate company with sales.
Who said the company doesn't exist? It exists to sell shares and scam would-be investors.
As far as the fraud is concerned, it starts with false and misleading PRs including, but not limited to, distribution agreements that never materialize. Conducting a 1000:1 reverse split after promising not to do so until 2 consecutive quarters of audited financials had been released. Using company funds for private hobbies, etc., etc., etc...
Who exactly was this given too because it was not the one handed out at the MTV movie awards?
It's that simple for you, so yay. I have made and lost money on various penny stocks in the past, I'm not new to this. That doesn't mean I don't call out an obvious scam when I see one. And for the record I have never, nor will I ever, bought or sold on share of this POS scam company. I personally refuse to make money off of a company that I know to be committing fraud, but some of us have integrity and others don't. Such is life. Have a good one.
Nope, I don't "wanna" buy pink sheet stocks period. I also don't like seeing people scammed out of their money by lying CEOs, insiders, and message board shills.
WTF are you talking about? There's a difference between selling shares in a legitimate attempt to build a company and selling them to line your own pockets and finance your hobbies. You've already made your intent to flip this stock clear so have fun with it. I've got nothing else to say to you.
Some are, some aren't, but this one definitely is.
My point is that BBDA is a share selling scam and should be shut down by the SEC. Isn't that obvious?
If you feel you have been scammed by this company, then I would suggest sending an email, including links to misleading statements and PRs to one of the contacts listed under Kore Nutrition Inc. below:
In connection with Kore Nutrition, Inc. and Mind Technologies, Inc.:
Michele Wein Layne, (323) 965-3850 or laynem@sec.gov Associate Regional Director, Los Angeles Regional Office
Alka N. Patel, (323) 965-2627 or patelal@sec.gov Assistant Regional Director, Los Angeles Regional Office
www.sec.gov/litigation/supsensions/2011/34-64612.pdf
Shares in Kore Nutrition Inc. began to spike on Aug. 31, 2010, following the release of a company-paid research report setting a target price of $10.50. Moreover, on Sept. 1 and 8, 2010, the company issued press releases announcing new distribution agreements to market its energy drinks. The research report and distribution agreement claims were reiterated on numerous stock-promotion websites, touting Kore Nutrition as a “winner.” Kore Nutrition’s quarterly report for the period ending Sept. 30, 2010, filed with the SEC on Nov. 15, 2010, made no mention of the announced distribution agreements.
SEC Suspends Trading in 17 Companies in Proactive Effort to Combat Microcap Stock Fraud
FOR IMMEDIATE RELEASE
2011-120
Washington, D.C., June 7, 2011 — The Securities and Exchange Commission today suspended trading in 17 microcap stocks because of questions about the adequacy and accuracy of publicly available information about the companies, which trade in the over-the-counter (OTC) market.
The trading suspensions spring from a joint effort by SEC regional offices in Los Angeles, Miami, New York, and Philadelphia; its Office of Market Intelligence; and its new Microcap Fraud Working Group, which uses a coordinated, proactive approach to detecting and deterring fraud involving microcap securities. The trading suspensions follow a similar suspension last week against Uniontown Energy Inc. (UTOG), based in Henderson, Nev., and Vancouver, Canada.
“They may be called ‘penny stocks,’ but victims of microcap fraud can suffer devastating losses,” said Robert Khuzami, Director of the SEC’s Division of Enforcement. “The SEC’s new Microcap Fraud Working Group is targeting the insiders and promoters, as well as the transfer agents, attorneys, auditors, broker-dealers, and other “gatekeepers” who flourish in the shadows of this less-than-transparent market.”
George Canellos, Director of the SEC’s New York Regional Office, added, “The investing public does not have accurate or adequate information about these securities to use in making informed investment decisions. Nonetheless, stock-touting websites, twitter users, and often anonymous individuals posting to Internet message boards have hyped many of these companies, and these promotional campaigns have been followed by spikes in share price and trading volume.”
The 17 companies and their ticker symbols are:
American Pacific Rim Commerce Group (APRM), based in Citra, Fla.
Anywhere MD, Inc. (ANWM), based in Altascadero, Calif.
Calypso Wireless Inc. (CLYW), based in Houston.
Cascadia Investments, Inc. (CDIV), based in Tacoma, Wash.
CytoGenix Inc. (CYGX), based in Houston.
Emerging Healthcare Solutions Inc. (EHSI), based in Houston.
Evolution Solar Corp. (EVSO), based in The Woodlands, Texas.
Global Resource Corp. (GBRC), based in Morrisville, N.C.
Go Solar USA Inc. (GSLO), based in New Orleans.
Kore Nutrition Inc. (KORE), based in Henderson, Nev.
Laidlaw Energy Group Inc. (LLEG), based in New York City.
Mind Technologies Inc. (METK), based in Cardiff, Calif.
Montvale Technologies Inc. (IVVI), based in Montvale, N.J.
MSGI Security Solutions Inc. (MSGI), based in New York City.
Prime Star Group Inc. (PSGI), based in Las Vegas, Nev.
Solar Park Initiatives Inc. (SOPV), based in Ponte Verde Beach, Fla.
United States Oil & Gas Corp. (USOG), based in Austin, Texas.
Some examples of the promotions are as follows:
Calypso Wireless Inc. has not filed periodic reports since February 2008, when it filed a report for the period ending Sept. 30, 2007. Despite that, the company’s share price rose from 4 cents on Sept. 21, 2010 to an intra-day high of 17 cents on Sept. 24, 2010. Over the same period, trading volume jumped to nearly six million shares, up from 376,000 shares. On Sept. 24, 2010, a stock-promoting website encouraged investors to continue buying Calypso Wireless shares (PINK: CLYW, CLYW message board), stating, in part, “Over the week, CLYW stock has been running wild … This CLYW stock rush happened just like that, on no company’s news and on old, well known SEC filings, done for the investment community.”
Shares in Kore Nutrition Inc. began to spike on Aug. 31, 2010, following the release of a company-paid research report setting a target price of $10.50. Moreover, on Sept. 1 and 8, 2010, the company issued press releases announcing new distribution agreements to market its energy drinks. The research report and distribution agreement claims were reiterated on numerous stock-promotion websites, touting Kore Nutrition as a “winner.” Kore Nutrition’s quarterly report for the period ending Sept. 30, 2010, filed with the SEC on Nov. 15, 2010, made no mention of the announced distribution agreements.
Montvale Technologies Inc. announced the dissolution of the company on Feb. 12, 2010, and last filed financial statements with the SEC for the third quarter of 2009. The company’s shares have nonetheless continued to trade, and to be promoted. On Dec. 22, 2010, a website recommended a “closer look” at Montvale Technologies, claiming it “has the potential to do very well in the short term.” That day, the share price rose 75 percent from 12 cents to 20 cents, and trading volume soared 500 percent over the prior day.
The Microcap Fraud Working Group is a joint initiative of the SEC’s Division of Enforcement and Office of Compliance Inspections and Examinations. The Working Group is pursuing a strategic approach to combating microcap fraud by focusing on recidivists and insiders, and on the attorneys, auditors, broker-dealers, transfer agents and other gatekeepers that facilitate a large volume of the fraud in this sector. The Working Group is comprised of staff from the SEC’s headquarters in Washington D.C., each of its 11 regional offices, and from the Office of Market Intelligence, Division of Corporation Finance, Division of Risk, Strategy, and Financial Innovation, Office of General Counsel, Division of Trading and Markets, and the Division of Investment Management.
For additional information about trading suspensions, including answers to frequently asked questions, read the SEC’s Investor Bulletin on Trading Suspensions available at www.sec.gov/investor.shtml as well as on www.Investor.gov.
http://www.sec.gov/news/press/2011/2011-120.htm
SEC Suspends Trading in 17 Companies in Proactive Effort to Combat Microcap Stock Fraud
FOR IMMEDIATE RELEASE
2011-120
Washington, D.C., June 7, 2011 — The Securities and Exchange Commission today suspended trading in 17 microcap stocks because of questions about the adequacy and accuracy of publicly available information about the companies, which trade in the over-the-counter (OTC) market.
The trading suspensions spring from a joint effort by SEC regional offices in Los Angeles, Miami, New York, and Philadelphia; its Office of Market Intelligence; and its new Microcap Fraud Working Group, which uses a coordinated, proactive approach to detecting and deterring fraud involving microcap securities. The trading suspensions follow a similar suspension last week against Uniontown Energy Inc. (UTOG), based in Henderson, Nev., and Vancouver, Canada.
“They may be called ‘penny stocks,’ but victims of microcap fraud can suffer devastating losses,” said Robert Khuzami, Director of the SEC’s Division of Enforcement. “The SEC’s new Microcap Fraud Working Group is targeting the insiders and promoters, as well as the transfer agents, attorneys, auditors, broker-dealers, and other “gatekeepers” who flourish in the shadows of this less-than-transparent market.”
George Canellos, Director of the SEC’s New York Regional Office, added, “The investing public does not have accurate or adequate information about these securities to use in making informed investment decisions. Nonetheless, stock-touting websites, twitter users, and often anonymous individuals posting to Internet message boards have hyped many of these companies, and these promotional campaigns have been followed by spikes in share price and trading volume.”
The 17 companies and their ticker symbols are:
American Pacific Rim Commerce Group (APRM), based in Citra, Fla.
Anywhere MD, Inc. (ANWM), based in Altascadero, Calif.
Calypso Wireless Inc. (CLYW), based in Houston.
Cascadia Investments, Inc. (CDIV), based in Tacoma, Wash.
CytoGenix Inc. (CYGX), based in Houston.
Emerging Healthcare Solutions Inc. (EHSI), based in Houston.
Evolution Solar Corp. (EVSO), based in The Woodlands, Texas.
Global Resource Corp. (GBRC), based in Morrisville, N.C.
Go Solar USA Inc. (GSLO), based in New Orleans.
Kore Nutrition Inc. (KORE), based in Henderson, Nev.
Laidlaw Energy Group Inc. (LLEG), based in New York City.
Mind Technologies Inc. (METK), based in Cardiff, Calif.
Montvale Technologies Inc. (IVVI), based in Montvale, N.J.
MSGI Security Solutions Inc. (MSGI), based in New York City.
Prime Star Group Inc. (PSGI), based in Las Vegas, Nev.
Solar Park Initiatives Inc. (SOPV), based in Ponte Verde Beach, Fla.
United States Oil & Gas Corp. (USOG), based in Austin, Texas.
Some examples of the promotions are as follows:
Calypso Wireless Inc. has not filed periodic reports since February 2008, when it filed a report for the period ending Sept. 30, 2007. Despite that, the company’s share price rose from 4 cents on Sept. 21, 2010 to an intra-day high of 17 cents on Sept. 24, 2010. Over the same period, trading volume jumped to nearly six million shares, up from 376,000 shares. On Sept. 24, 2010, a stock-promoting website encouraged investors to continue buying Calypso Wireless shares (PINK: CLYW, CLYW message board), stating, in part, “Over the week, CLYW stock has been running wild … This CLYW stock rush happened just like that, on no company’s news and on old, well known SEC filings, done for the investment community.”
Shares in Kore Nutrition Inc. began to spike on Aug. 31, 2010, following the release of a company-paid research report setting a target price of $10.50. Moreover, on Sept. 1 and 8, 2010, the company issued press releases announcing new distribution agreements to market its energy drinks. The research report and distribution agreement claims were reiterated on numerous stock-promotion websites, touting Kore Nutrition as a “winner.” Kore Nutrition’s quarterly report for the period ending Sept. 30, 2010, filed with the SEC on Nov. 15, 2010, made no mention of the announced distribution agreements.
Montvale Technologies Inc. announced the dissolution of the company on Feb. 12, 2010, and last filed financial statements with the SEC for the third quarter of 2009. The company’s shares have nonetheless continued to trade, and to be promoted. On Dec. 22, 2010, a website recommended a “closer look” at Montvale Technologies, claiming it “has the potential to do very well in the short term.” That day, the share price rose 75 percent from 12 cents to 20 cents, and trading volume soared 500 percent over the prior day.
The Microcap Fraud Working Group is a joint initiative of the SEC’s Division of Enforcement and Office of Compliance Inspections and Examinations. The Working Group is pursuing a strategic approach to combating microcap fraud by focusing on recidivists and insiders, and on the attorneys, auditors, broker-dealers, transfer agents and other gatekeepers that facilitate a large volume of the fraud in this sector. The Working Group is comprised of staff from the SEC’s headquarters in Washington D.C., each of its 11 regional offices, and from the Office of Market Intelligence, Division of Corporation Finance, Division of Risk, Strategy, and Financial Innovation, Office of General Counsel, Division of Trading and Markets, and the Division of Investment Management.
For additional information about trading suspensions, including answers to frequently asked questions, read the SEC’s Investor Bulletin on Trading Suspensions available at www.sec.gov/investor.shtml as well as on www.Investor.gov.
http://www.sec.gov/news/press/2011/2011-120.htm
I'd prefer a 10Q. It's only going on a month and a half late now.
The old "industry insider" randomly showing up to post on a penny stock message board ploy. An oldie, but a goodie. Good on'ya Brian!
At what point does a dip become a neverending downward slope?
So much desperation to prop up the PPS that people are willing to eat the broker fee just to make it look green. Nice.
Good luck.
IOBS may or may not develop into a lucrative product, but the Chinese deals are not, were not, and have never been a reality.
PR out. Volume up. Price down. Anybody else noticing the pattern here?
A quick Google search for "A+ wholesale C-Store distribution" reveals that this company has never been included in any press release outside of this BBDA release. Not even a website. This is a top-notch local distributor, no doubt.
Your finger should be pointed at one person and that's Tom. He's a fraud and should be in jail.
Where's that 10Q MDHI?
There's not enough money trading hands here for any of those entities to waste their time shorting this share selling scam. Around $20K has traded on this stock all day long. Even if they shorted all 20 million shares at today's high and covered at the low, that's less than $18K in profit. Chump change and MM's, Broker Firms, Hedge Funds, etc. aren't going to bother with it. The Company...that's a whole other issue. They will dump a few million shares on the open market without batting an eye.
The only criminals involved with this POS P&D are Thresher management. They've screwed people over and over again and you guys just keep coming back for more. This is a fake company that exists only to sell shares. They have no products, not patents, no contracts, and no future.
Yeah, if it can get back to $.10 then I'm probably just going to take my half a penny and move on.
Last trade $.095
Currently $.0911 @ $.095
Yeah, pretty light volume considering the news. I'm hoping this will catch on throughout the day and I'll have a good exit point for some profit. Currently in at $.095.
Yeah, I realy like this one:
The product is all over the gas stations where I live.
Here's the same section from the 2009 audit:
Management has developed patents and acquired patent license agreements and has completed a
prototype of its mobile diagnostics laboratory system. The Company expects to begin clinical
trials in the third quarter 2010.
Somebody slow this bad boy down. It might make it to a quarter of a penny today.
Duplicate post.