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You can't call Alumifuel a startup, it has been around longer than Facebook. It was started in Seattle in 2003 under the name Hydrogen Power Inc. 10 years later and they still don't have any products to sell.
In addition to Geneva Rothweil Partners, Ltd you should also look into Oxbridge Research. That is another fake analyst that AFPW paid $30,000 to in order to give an absurd valuation of $0.40 a share back in 2009.
http://www.oxbridgeresearch.com/docs/AFPW2.pdf
Also, some of the posters on the iHub board run penny stock websites and have been paid to pump the stock. It is kind of funny watching a guy who paid $6000 to Stock Rock and Roll go out and mention the promotion without divulging that he was the person who actually paid for it.
Lastly, here's a link to an interesting Yahoo Users Group where a bunch of people are trying to orchestrate a pump and dump on AFPW in 2009. Some of these people are still active on the message board and are still being compensated by the company.
http://finance.dir.groups.yahoo.com/group/bullishmoverz/message/493
Google is your friend. If you want answers just do a simple search. If you Google Henry Fong David Cade HYDP you will find these two pages.
http://www.prnewswire.com/news-releases/hpi-announces-appointment-of-henry-fong-as-board-advisor-58476157.html
http://www.highbeam.com/doc/1G1-173112776.html
The first shows without a doubt that there was a company in Seattle with the name Hydrogen Power, Inc. that traded with the stock symbol HYDP and whose CEO was David Cade. Henry Fong was listed as a board advisor. This was dated October 9, 2007. The second links indicated that this company had a proprietary product with the trademarked name of AlumiFuel.
The question that still has never been answered is how did Henry Fong and David Cade leave HYDP and Seattle and reemerge in Philadelphia with a new company that had the IP of their old company?
As far as Henry Fong goes, he has been behind dozens of companies, each and every one of which has failed miserably. Somehow, though, he always escapes from the wreckage with quite a bit of money. AFPW used to be a company called Inhibition Therapeutics. Before that is was Organic Soils.com. Who knows what it was before that. The shell just keeps getting reversed merged with a new company in a hot field.
Other Fong companies include Roadmaster, Techs Loanstar, Inc (TCLN), China Nuvo Solar Energy (CNUV.OB), Interactive Games (IGAM), Torpedo Sports USA, Equitex, Popmail, eNutrition, Fastfunds Financial and Imaginon. There have been many, many more, though, as the link below shows.
http://livermore.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=1965325&PersonName=HENRY+FONG
Hate to break it to you, Looseskrewz, but this is not a solid investment. Solid investments do not hire promoters like MM107 to pump their stock. That's right, MM107 is a promoter who presumably has been given a few million shares to pump this thing. He was given 1.25 million shares in the past and that was back when the stock price was a lot higher. He has yet to update his disclosure page (http://purelypennystocks.com/disclaimerdisclosure/), a violation that caused another sleazy promoter, Christopher Wheeler, (http://www.sec.gov/news/press/2011/2011-12.htm) some grief. While pretending to be a guy buying stock, MM107 has presumably been dumping quite a few shares over the past couple of weeks.
Solid investments also do not trade as a company called Hydrogen Power, Inc. (HYDP) out of Seattle then quietly disappear only to reemerge in Philadelphia under a new name a couple of years later. Nor do former insiders Michael Casazza, Ijaz Anwar and Grace Capital, three names that appear all over Fong related companies including Hydrogen Power, Inc. get caught up in a Ponzi scheme. (http://www.startribune.com/business/96679279.html?page=1&c=y)
There are a lot of very shady people behind this company and anyone thinking of investing in it should be very wary.
The offering was coded as PP when means Private Placement. This is defined as:
"Special type of listing: a company’s shares are offered only to a selected group of investors and not publicly through the exchange
When a company allows its shares to be listed on the exchange, the shares can be sold to selected investors either by the company itself (direct listing) or by an issuing bank.
If a maximum of 100 qualified investors (banks, funds, etc.) are involved, the company is not required to provide a prospectus (see article 2, paragraph 1e of the European Prospectus Directive).
The shares being sold can come from existing shareholders or be part of a capital increase."
The first trading day for Alumifuel Power International was actually last month. Europeans put the day before the month so 09/08/2010 means August 9th in Germany, not September 8th. The give away are the dates at the top listed as 31/08/2010.
http://deutsche-boerse.com/dbag/dispatch/en/kir/gdb_navigation/lc/500_statistics/100_primary_market_statistics/20_New_Listings
Actually, Tradinglong, at this point most of it is Henry's money. Good luck getting it back.
Yes, all of my posts have been about AFPW. I am not a penny stock trader and never will be. This is not my world. As far as my agenda goes, years ago during the height of the internet stock craze I heard about stock in a company called Imaginon that skyrocketed one day. Intrigued, I looked into the company and saw that it had a product called WebZinger for Kids, My First Browser. It was clear that the company was a complete joke. After that initial spike the stock price dropped down and eventually the company withered away.
As you can probably guess, Henry Fong was behind that company. And here's an article describing how he made a lot of money selling shares of IMON the very moment the stock price shot up.
http://www.nytimes.com/1999/03/28/business/market-watch-rushing-in-as-insiders-rush-out.html?
Years past and one day I remembered Imaginon and thought I would google Henry to see what he had been up to. And I discovered he had been very busy over the years. But he was playing in a much lower rent district, the OTBs rather than NASDAQ. And in looking over his companies it became clear that AFPW was his next pump and dump. So I made a few posts over at the Yahoo board. After one post mm107 responded with his bit about how went to the company headquarters and encouraged people to look into it.
So I did. And I found that this guy who posed as a message board poster was really a paid stock promoter. So I came to this board to point out to everyone that he was not an innocent investor, he was actually a promoter given 250,000 shares to pump this thing. Later he would be given 1,000,000 more for another "awareness".
I follow this board but almost never post. My posts were always deleted, anyway. But I found the company PRs very amusing. While people were reading all sorts of things into the PRs, I knew from the Imaginon experience what the PRs were really saying.
So anyways, that is my story. If you want to believe I am a paid basher, by all means go ahead and keep believing that. i don't care. I have no financial stake in this thing. For me this is like seeing a train wreck that is about to happen. You want to scream out and help people but in the end no one will hear you. But there is an undeniable pull and you just can't look away. A year from know you will all know what I am talking about. Hopefully afterward you will all be a little wiser.
I never said you invested your entire life savings in this. There are other posters, though, that I worry about. People keep posting about how they lowered their average share price. I have looked into over a dozen Fong companies and they all end the same, the stock price dwindles to well under a penny. So I know if people keep averaging down their will continue to dump more and more of their hard-earned cash until they have nothing left.
What do you want as far as facts go? I can tell you about companies he was involved with in the 80's, 90's, and 00's. Imaginon, Roadmaster, China Nuvo Solar Energy, Inhibition Therapeutics, Torpedo Sports, Interactive Games, Inc, eNutrition, Equitex, FastFunds Financial Corp, PopMail.com are but a few. All of these ended badly for investors.
But frankly, it's your money. Do with it what you want. I just want to clear my conscious and let people know they are swimming with sharks here. If you want to keep swimming, well, I am not a lifeguard. Swim at your own risk.
And what kind of viable business is AFPW or was HYDP? Have they sold any more of their hand-pump weather balloon things? We know they sold three last quarter. Were any of these things bought by someone who wasn't a shareholder of the company?
If people behind this company were willing to give you 1,250,000 shares, Bullquake hundreds of thousands more and the mysterious analyst Robert Goldman $75,000 cash to inflate the stock price, surely they would stoop to buying a few of their hand-pump things (did you know you would have to pump that thing for a few hours to inflate a balloon) in order to give the illusion of viability.
Anyone who knows how to read a 10K or a 10Q statement would have a good laugh reading AFPW's latest filings. This is not a real company and anyone who insists otherwise is living in a fantasy world.
Denial is not just a river in Egypt. I feel bad for the people here who are going to lose their life savings. But I guess some people are such fools that if they didn't give their money to Fong and Co they would just give it to some other huckster.
A pump is when shareholders hire someone to run an "awareness" to increase the volume and price. The dump is when those shareholders unload their shares. Isn't that what happened back when you were given all those shares?
http://www.investorpoint.com/stock/AFPW-AlumiFuel+Power+Corp%2E/insider/All%20Insiders/All%20Types/
3/23/10 GORDON, HAROLD W., 2,054,795
3/23/10 BELL, CAROLYN K., 312,500
3/10/10 HOOVER, THOMAS WAYNE, 400,000
2/24/10 EGINTON, SCOTT W., 821,918 P
2/24/10 EGINTON, SCOTT W., 832,877
2/2/10 HF SERVICES, LLC., 2,899,369
HF Services is Henry Fong. Don't know who those other people are.
Thanks for confirming what I have been saying since last August, this is a pump and dump.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_A/threadview?m=tm&bn=29132&tid=88&mid=90&tof=53&rt=2&frt=2&off=1
And stop with this short lie. In the middle of June there were only 10,600 shares sold short.
http://shortsqueeze.com/?symbol=afpw&submit=Short+Quote%99
Go ahead and put your head in the sand and not listen to a thing I say. It is your life savings that will disappear, not mine. I am trying to help you. The stock price for this company will eventually go to zero. Mm107 might be given a few million more shares to pump this thing and the price might go up for a short while in the near term. But inevitably it will wither away just like all of Fong's companies.
Said the guy given 1,250,000 shares to pump this dog and who cost any fool who followed his advice a lot of money.
http://purelypennystocks.com/disclaimerdisclosure/
Mm107, your response baffles me. What does my post have to do with me thinking I know how to raise money for a penny stock? I was merely pointing to an article that shows that long-time associates of Henry Fong conned people out of a lot of money and even Henry seems to have been burned by his former proteges.
The one thing Henry knows how to do is take money from fools. Unfortunately for him, though, it looks like he trained his proteges a little too well and they swindled him, too.
The Minnesota connection to this whole thing is interesting. Perkins Capital is there as is Wayne Mills, two other entities caught up in the Fong world of sleaze. And what do you know, Solartrader is from there too. This is all very intriguing. Hopefully the reporter keeps digging a little deeper.
Seeing that you talk with David Cade, can you ask him to explain how HYDP turned into AFPW? And what is his relationship to is Michael Casazza? They were all part of HYDP, the company that was Alumifuel before Alumifuel.
http://www.marketvisual.com/d/3c053adc-f0a0-4cc3-be9f-c583db5976c3/Hydrogen+Power+Inc
Henry Fong is caught up in a Ponzi scheme! Check out this news article.
http://www.startribune.com/business/96679279.html?page=2&c=y
And this story really has ties to AFPW. As mentioned before, Fong and Cade previously ran a company called Hydrogen Power, Inc. (HYDP). Somehow HYDP kind of withered away and AFPW emerged in Philadelphia with the mysterious patents. Well, if you look into HYDP you will see that Michael Casazza, Ijaz Anwar, Capital Grace, FastFunds, Chex and Henry were all intertwined there.
It is nice to see someone besides me mention CNUV. That stocks should reveal all you need to know about this one. It is another Fong company in a hot field that failed miserably. And our very own Solartrader is the moderator on that board too. Can anyone explain why Solartrader appears to have lost a lot of money on that stock yet then created a messageboard for another Fong stock? "Burn me once, shame on you. Burn me twice, shame on me" comes to mind. Either Solartrader keeps getting burned by the same people yet comes back for more or something else is going on here.
Also, can anyone explain Hydrogen Power, Inc (HYDP)? That is the Fong-Cade company that came before this one. Here's a link to a collection of their PRs from a few years ago along with an article that claims they were working on a military contract to develop unmanned underwater vehicles. Sound familiar?
http://www.equitygroups.com/otcbb/hydp.html
http://www.equitygroups.com/otcbb/hydp/messages/126398.html
In doing DD did anyone even bother to learn that these guys already drove the exact same company into the ground? And published the exact same fluffy PRs in the process? Don't know about you guys but if I was thinking of investing my hard earned cash in this company these are questions I would want to have answered.
Investorwisdom, you are starting to catch on. But no one is shorting this stock. Rather, like mm107 said, the beneficial owners of the company are dumping shares like mad. (Everyone's favorite moderator, Solartrader, is one of them, by the way.) Henry has been behind dozens of companies over the years and all of them have failed miserably. Yet each time he makes a lot of money by selling his shares to hapless investors. Here's a writeup on him in the New York Times from over 10 years ago in regards to another failed company call Imaginon (IMON).
http://www.nytimes.com/1999/03/28/business/market-watch-rushing-in-as-insiders-rush-out.html
Do you all know that this is not even a new company? Henry and crew created the exact same company a few years ago called Hydrogen Power, Inc. (HYDP) When that company dried up they simply moved to Philadelphia and play some shell games to get AFPW started. Before any of you dump your entire life savings into this drain you should probably think about doing some research into the people you are entrusting you money with.
Has anyone bothered to google Geneva Rothweil Partners, Ltd and Rathbourne Mercantile, Ltd. to see if they are respected companies? I find it amazing that so many of you are taking their valuation at face value.
Dude, I don't care about the stock price. I just wanted to figure out what is going on here and then I just posted some of the more interesting things that I discovered. I know what this company is about, you know what this company is about, my good buddy witswatcher (AKA your moderator Solartrader, sorry bud, I didn't reckognize you at first. Won't you please come back to Yahoo) knows what this company is about. And anyone who invests in it will figure out soon enough. Relax, in a few hours my posts will be off the front page and no one will remember anything I wrote.
By the way, if you want to know what a basher is I suggest you look up Raymond Constanzo, his brother Richard, Ephraim Morris and the company Biomatrix. Now that was some messageboard bashing.
Come on guys. I wanted to stop posting but when you insult my intelligence I can't help but respond.
Funtimes07 at Digital Point Forum is Michael. Just look at the email address he lists on this post.
http://forums.digitalpoint.com/showthread.php?t=1504519
Or the other email address he lists on this post.
http://forums.digitalpoint.com/showthread.php?t=1590253
And since you brought up DP, I just want to say I am eagerly awaiting the press release for tomorrow.
http://forums.digitalpoint.com/showthread.php?t=1647194
"Need PR Submission Service Tonight
I have wrote a PR and i need the article submitted to as many free press release sites as possible.
I have had previous deals of 25$ for writing and submission, so if you would also like to re-write my press release and also submit it please contact me as well.
looking for 100+ Submission Sites"
I'm hoping this PR has something to do with AFPW.
p.s. I hope he found a guy from India who writes well. Michael's grammar isn't always the best.
In case there is someone reading this board who is not an employee of mm107 then I would like to point out that mm107 received 250,000 shares of this company in order to hype it.
http://purelypennystocks.com/disclaimerdisclosure/
"Alumifuel Power (AFPW) Purely Penny Stocks Expected to receive 250,000 shares from third party for 1 week profiling."
Also, he actually pays people to post on messageboards.
http://forums.digitalpoint.com/showthread.php?t=1624831
"Need Posters For Internet Forum, to keep the buzz and convo going...
I have specific Boards i need monitored.
Offering 3-5$ per hour, depending on quality of work.
All needed is to keep the buzz going and respond to posts. Basically do not let the boards "die".
No need to spam, but if there are multiple posters posting, you should have multiple conversations on a particular item.
Need 3 Boards Monitored.
Can handle all 3?
5$ per hour.
9:00 - 5:00"
So far I have found this crew working the Yahoo and the Stockhideout board.
http://messages.finance.yahoo.com/mb/AFPW.OB
http://www.stockhideout.com/showthread.php?t=5298&p=34652#post34652
Anyone seriously thinking of investing in this company should probably google Henry Fong. He is the CEO of this company and has been behind many, many scams over the years.