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.
There are no financials for SAMP.
This is a scam shell that previously was a company that "owned" a Peruvian Yacht dock that they never owned. It was called South American Properties, Inc. (Google it). Thus the ticker "SAMP", which makes no sense for a company named USA Restaurants, Inc. New scam, same bad guys. The officers and directors are all penny stock conmen that bought an old Mexican restaurant, put up a new sign and have convinced the less-than informed crowd that it is a real company. They will eventually come out with financials, but they will be unaudited despite having a CFO, and when this bankrupts, they will buy the ticker again and start their next scam.
Yelp! SAMP negatives keep piling up.
Funny it is too icy for Jeff Love to release SAMP earnings, but it's not to icy for people to make it to the restaurant and experience the worst meal and worst restaurant experience they have ever had.
And didn't Loveboy put out a PR that he was no longer the chief of the company? Then why do the lemmings keep emailing him for information he should not know as an insider? SEC.....where are you?
SAMP insiders 100mm shares
Don't forget, they need money for legal representation. This crew has been on the SEC's radar for some time.
It means "I'm lying again". SAMP
You know Jeff Love is lying when his lips are moving or if his fingers are typing. You will never, ever see AUDITED financials. What you will eventually get is some nonsensical spreadsheet filled with bogus data. This the second iteration of SAMP where I have seen him do this. What ever happened to the luxury yacht dock SAMP owned in Peru? He is a crook; wake up.
Inside information is always the best information. If people on the inside know this place is imploding, it's imploding.
It's because SAMP is lawyered-up
Jeff Love is already on the run from the SEC, this poor guy Hoang got set-up as the fall guy and, Love and Aarvent are going to get away with it again.
The SAMP ticker has had many faces, but the same felons. Welcome to the Pho House party. Waxahachie Mafia strikes again.
Best SAMP Yelp! review ever:
"This place has a nice front but the food is disgusting. You have drug dealers for servers. Whenever the food and health inspectors come by the employees and management scatter like roaches to the kitchen and fridges to clean up. The servers are on a constant rotation, new people every week working here. They cant keep anyone working for them. The restaurant alone is never busy. Their trying to run a night club for an ethnic group while hosting private parties on the side. They constantly pay their employees late. The food is over priced. They DO put MSG in SOME of their food. From an ex customer point of view and some details from a friend who was a former employee. Honestly its disgusting seeing a restaurant claim to be something other than a one star place. Skip this and go next door to Picasso's or rifana or even taco bell... have a nice day and lets clean up our community. Ask for the Pho Caca its cat and old bean sprouts, mixed with molded jalapenos."
This company is done.
On LIGA? you mean
the undisclosed number of scrub brush acres from an undisclosed seller with an undisclosed value? If the Railroad Commission says it didn't happen, it didn't happen.
SAMP...check Jeff's Facebook site
All of SAMP and LIGA pumps are on the LIG Assets Facebook site. He has been posting "news coming soon" since 2013. Besides a couple of bogus posts not news of substance has come out. Follow the SEC filings to see how he and Dave Aarvent are robbing SAMP sharholders.
Stay with this LIGA dog and...
You will be short on cash too. This company is folding; not if but when.
Jeff Love "hired" Richard Barber to produce audited financials for SAMP and LIGA in August, 2013. We have been hearing about news coming and audited financials for 2 years, and it's never happened; they just change the store front. This is a hoax. The only news I want to see is Jeff Love's name in the police blotter.
Permian Basin Drilling and LIGA
This is how you know this is BS....First off, they give no indication as to the location of the 400 acres. The Permian Basin is massive. Second, even if it is a lateral drill LIGA is looking at $7-8 million per drill before one drop of oil hits the market. Third, that region has 60 acre spacing, which means they can drill a whopping 6 wells. So, who is going to loan a company with a $50,000 market cap $48 million for a drilling program? And finally where is the reserve report?
Excellent question...LIGA
Not sure when/if a reverse split comes. After that press release a few months ago saying Jeff was stepping down only to now find out he is still calling the shots should give everyone pause as to any pump pressers they put out. Face it...a reverse split costs money. Legal fees alone could exceed current market cap.
Leases are in the company's name
Once a lease agreement is made, it is registered with with the County Courthouse who in turn reports it to the Railroad Commission. The driller is a service contract that has little to do with the RRC except for the issuance of a permit. Long story short, there are no leases in the name of LIGA or any of it's subsidiaries, or merger partners.
In addition, LIGA asserts that they hold lease options, not leases. Options need to be registered as well, but are priced at a fraction of an actual lease. They don't possess any leases, or any lease options. It is a hoax.
http://www.rrc.state.tx.us/about-us/resource-center/research/online-research-queries/
Why the change in LIGA address?
And no press release From the entire 26th floor to a cubby hole on 16? Both are maildrops. Maybe just too many Feds milling around 26? The Waxahachie Mafia up to their old tricks again.
There are no West Texas oil leases
Go to the RRC website...there isn't a single lease under LIG Assets, or CP Resources, LLC.
This is yet another hoax. Maybe they'll put a casino and drive-in theatre for HOA Havoc over the dry holes that will never be drilled.
Old management, old chef, SAMP changes Yelp!
The SAMP/Pho House restaurant was SOLD in between those reviews with the new ones. If anything, it shows how Jeff Love and Dave Aarvent have flushed the brand down the toilet.
SAMP's Love and Aarvet dump take this .0005
This dump continues next week. And it it is 12:35 CT and chairs are already on the tables at Pho House....the last customer left 45 minutes ago on a Friday night. Ruth Chris is still hopping.
Become a Vegan on SAMP.
There is no meat on this bone. SAMP
I highly doubt it on SAMP thoughts.
By the posted pics, their only peak holidays are MLK day and Grandmother's day.
The SAMP trainwreck begins.
One restaurant. No customers. The Valentine's event was empty. They are letting Ruth Chris use their front parking spots. And the restaurant is dark when even the convenience stores are still open. Trips by next week.
Not to mention Love and Aarvent are selling right into prospective investor's faces. Yet another con.
Um, Pho House's lights are out
Pho House's lights are out and is already closed, and shares a parking lot with several successful late night businesses. The assumption that those are Pho House customers is highly improbable. And I don't see any hoopdies in that photo.
Define LIGA "whale"
LIGA has traded $10k worth of stock today. That is most people's mortgages. What is the definition of a LIGA whale?
Love and Aarvent dumping SAMP shares
The serial pumpers are now dumping. The stock handcuffs are off; they are free to dump SAMP to zero.
Oh, something innocuous, like SEC filings.
LIGA can't raise a dime
LIGA has a better chance of robbing Fort Knox than getting a loan or line of credit. If all those real estate "assets" were real don't you think they would be able to use them as collateral? They can't because they don't own anything.
Pho House now a flea market? Feb 12.
It got that bad that fast that they are inviting trinket makers, size 14 thong makers, and hair weavers to try to drum up business?
Oil leases worth nothing
While I don't even believe they possess them (the Texas Railroad Commission concurs), probables are worth nothing. Even PUDs are worth nothing in this environment, and they would have to raise $5million for a drilling program to wildcat. With a $44,000 market cap? Forget it, nobody is going to fund that.
What happens below .0001?
Seriously, I've never seen a stock trade below 1/10,000 of a cent before. LIGA is on the cusp of it; can you be delisted from the Pinks?
Love and Aarvent are dumping LIGA
They are raising cash for their next caper. SAMP is already uncovered so now they need capital for the next sham. I have followed LIGA for 2 years, it has produced NOTHING. Has sold NOTHING. Has a $58,000 market cap yet "owns" $2 million in property....what does that tell you?
300 million shares on .0001 bid?
Looks like Jeff is finally short covering on this comical fraud scheme. Can't say the masses weren't warned.
Probably same guy that gets 8s 7s 6s
SAMP used to be South American Properties
The last scam under this shell was South American Properties, a company that was supposedly building a yacht port in Peru. When that scam was exposed they changed the shell to USA Restaurant Funding, Inc., but it is the same crooks that ripped off the original SAMP, but now it is a Pho House. And when Pho House bankrupts, they'll just use the shell for something different. Jeff Love and Dave Aarvent are scammers invovled in all of them. And the lemmings shall follow.
The Demo?
You open an "upscale" restaurant, and via the pictures this is the demographic you a looking to attract? I wouldn't park my car anywhere near that place.
Lots of napkins and ice waters at Pho House
And ONE pic with a person with a drink in their hand. Tips must have been underwhelming.
Those reviews are irrelevant.
They are all from the old Pho House, the one that was owned by previous management and previous kitchen staff. Jeff Love's Pho House is a one-star everywhere.
Welcome to the LIGA death rattle.
128 million shares traded? .0002? Yeah, it's finally over for good. LIGA is soon to be no more, Jeff is cashing out.
Yelp is most reliable on the net
If they say Pho House is a 1 star, Pho House is a 1 star. This place will be belly-up in a month as more reviews are posted.
Pho House a Yelp! nightmare
EVERY rating is a 1 out of 5. Even the non most recommended ratings are one stars. Anybody that uses Yelp! is never setting foot in this place.
http://www.yelp.com/biz/pho-house-dallas-2
$68k market cap. $68k too high.
I can't believe people are even still trading LIGA. Jeff Love ripped everyone off and now is onto fleecing USA Restaurants (SAMP). The man has a penchant for luring in fools.