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The criminal complaint filed in U.S. District Court in Los Angeles alleges that Homm directed the hedge funds to buy billions of shares of U.S.-based penny stocks and trade them among themselves to inflate their prices and the funds' asset values while generating additional fees for Homm and Absolute Capital.
Stock purchases were made through Hunter World Markets Inc, a broker-dealer in Los Angeles co-owned by Homm.
interesting piece about Kenneth B. Liebscher
http://stockballer.com/
Both Kenneth and Howard are playing Chairman and CFO at 2 different companies (TGRO & NGRC), in two different states, and at the same time. They must be masters of time traveling. The most funniest thing is Tiger Oil and Energy only has $2,000 in cash.
Tiger Oil and Energy, Inc.
2400 North Woodlawn Street North
Suite 200
Wichita, KS 67220
United States - Map
Phone: 316-630-0808
Website: http://www.tigeroilandenergy.com
Mr. Kenneth B. Liebscher, Chairman, Chief Exec. Officer and Pres
Mr. Howard Bouch, Chief Financial Officer, Principal Accounting Officer, Treasurer, Sec., Director and Member of Audit Committee
===
National Graphite Corp.
5466 Canvasback Road
Blaine, WA 98230
United States - Map
Phone: 702-839-4029
Website: http://www.nationalgraphitecorp.com
Mr. Kenneth B. Liebscher , Chairman, Chief Exec. Officer and Pres
Mr. Howard Bouch , Chief Financial Officer, Treasurer and Director
Check the chart again on April 16, 2012.
The only thing that USGT was successful is to pull a get rich quick scheme.
Unfortunately, USGT is on its way to bankruptcy. In fact, it is already there.
Are there any proof the USGT actually found graphite or produced graphite?
When does USGT produce anything?
Are there any fools who bought this POS at $1.60 and are still holding on to it?
Stop copying and reposting articles that have nothing to do with USGT's performance. The fact is remaining intact: USGT produces nothing.
USGT will go places with "huge" operations, "big" dreams, and a little over two thousands of cash for all operations.
A one-man company from selling magazine in Malaysia to explore Graphite (if any) in the desert.
The company's web site.
http://www.usgraphite.net/usghome.html
Even my grand daughter who is still in junior high can built a more professional web site than USGT's site. Better watch out where you park your money.
Timberrrrrrrrrrrrrrrrr...
"Presently, our revenues are not sufficient to meet operating and capital expenses. We have incurred operating losses since inception, and this is likely to continue through fiscal 2012-2013."
Every time that I read their 10Q, I have an uncontrollable laught at the statement: "Liquidity and Capital Resources
At August 31, 2012, we had total assets of $2,003 consisting of cash in the bank in the amount of $3 and prepaid expenses of $2,000."
It was my shares that were sold on the opening today - in @ %.59, and made some money for Christmas and New Year parties + gifts.
USGT is a scam; and I love to short this kind of company. Only a moron falls for scam that they present.
"At August 31, 2012, we had total assets of $2,003 consisting of cash in the bank in the amount of $3 and prepaid expenses of $2,000. "
Got a spam email about USGT. After reading its business summary, I know it is a scam.
Business Summary
USA Graphite Inc. does not have significant operations. The company intends to acquire or merge with one or more operating businesses. Previously, it was engaged in the publishing of magazines in Malaysia. The company was formerly known as Magnum Oil Inc. and changed its name to USA Graphite Inc. in April 2012. USA Graphite Inc. was founded in 2005 and is based in Las Vegas, Nevada.
Business Summary
USA Graphite Inc. does not have significant operations. The company intends to acquire or merge with one or more operating businesses. Previously, it was engaged in the publishing of magazines in Malaysia. The company was formerly known as Magnum Oil Inc. and changed its name to USA Graphite Inc. in April 2012. USA Graphite Inc. was founded in 2005 and is based in Las Vegas, Nevada.
===
Only morons think that USGT is a real company. I am getting ready to short USGT.
Both Kenneth and Howard are playing Chairman and CFO at 2 different companies, in two different states, and at the same time. They must be masters of time traveling. The most funniest thing is Tiger Oil and Energy only has $2,000 in cash.
Tiger Oil and Energy, Inc.
2400 North Woodlawn Street North
Suite 200
Wichita, KS 67220
United States - Map
Phone: 316-630-0808
Website: http://www.tigeroilandenergy.com
Mr. Kenneth B. Liebscher, Chairman, Chief Exec. Officer and Pres
Mr. Howard Bouch, Chief Financial Officer, Principal Accounting Officer, Treasurer, Sec., Director and Member of Audit Committee
===
National Graphite Corp.
5466 Canvasback Road
Blaine, WA 98230
United States - Map
Phone: 702-839-4029
Website: http://www.nationalgraphitecorp.com
Mr. Kenneth B. Liebscher , Chairman, Chief Exec. Officer and Pres
Mr. Howard Bouch , Chief Financial Officer, Treasurer and Director
Congratulations to those who shorted NGRC again today. I hope tomorrow is the same as the past two days. Christmas comes early this year and I like 50% gain from shorting.
I shorted NGRC on this morning and made few bucks for the Christmas presents.
Thanks for info.
About Howard Bouch
According to the new NGRC's form 8-K, Change in Directors or Principal Officers, Howard Bouch was appointed as a Director of the Company. Look at his education.
Howard Bouch's Education
Workington Grammar School
1956 – 1962
http://www.linkedin.com/pub/howard-bouch/6/22a/5b5
@StockBaller - interesting piece you wrote about NGRC and Kenneth B. Liebscher. Do think the SEC is still investigating Kenneth? Are you still shorting NGRC?
http://stockballer.com/
September 6th 2012 / After an abysmal summer I’m hoping we see some new successful promotions shortly. One upcoming promotion that interests me is National Graphite Corp (NGRC), which has a fresh chart and only got significant volume yesterday with over 300k shares traded. The company website (nationalgraphitecorp.com) is extremely investor friendly and is very similar to many other pump websites, but what interests me most is the story behind NGRC and the market it claims to operate in (graphite).
Just like gold stock pump & dumps of the past year (LBGO, LSTG, SAGD, AAGC etc) which tried to attract sucker investors by hyping up the price of gold and going on about the huge gold boom that had occurred in the past few years, it’s very easy to see how NGRC could be an tempting buy for naive investors, given the right marketing. The price of graphite has skyrocketed since early 2009 (only recently taking a bit of a dip), just like gold, except that I haven’t seen any graphite-based pumps. Most of the worlds graphite is exported from China and an American-based graphite stock set for huge gains seems like a nice idea for an exciting new pump & dump.
Chart of graphite prices (taken from http://www.energyandcapital.com/articles/graphite-mining-stocks/2376 – I’m not sure if this site intends to promote NGRC or some other graphite stock):
The fundamentals for NGRC are ugly, as with all pump & dumps. All promoted stocks go through a similar cycle (typically a ticker change, buying some useless assets, promotion begins hyping up the stock, insiders sell, stock crashes sooner or later etc), and it looks like NGRC is going to be no different. NGRC was previously LUCB before its ticker change in June. LUCB purchased some land which has no indications whatsoever of containing any graphite, obviously for the purpose of hyping this up in future promotional pieces. From a recent 8K:
“On April 24, 2012, Lucky Boy Silver Corp. entered into an agreement with GeoXplor Corporation to purchase a 100% interest in and to the Chedic Graphite Property consisting of 20 Mineral Lode Claims in Township, 15 North, Range 19 East, Sections 25 & 26 Carson City, NV mining claims compromising approximately 400 acres.
The purchase price for the Property is a total of $425,000 in cash, an Issuance of 2,500,000 shares of the Purchaser’s Restricted Common Stock, and a work commitment on the Property of up to $1,000,000 over four years as follows…”
Given that this land is NGRC only real asset as of now, the current market cap of the company (around $40,000,000) seems rather inappropriate. Currently NGRC has over 75,000,000 shares outstanding. That is quite a bit of stock to dump, but it’s nothing really out of the ordinary for pumps of this nature (many successful pumps in the past have reached market caps of hundreds of millions of dollars). If all goes according to plan, the NGRC insiders should be able to net a few million dollars on this scam, after paying for promotion expenses. Then the stock will collapse and the gullible investors who brought thinking this was a real company will be left holding the bag.
Of course searching the latest NGRC 10Q for “doubt” brings up a familiar phrase:
” Our auditors’ reports contain a statement that our net loss and limited working capital raise substantial doubt about our ability to continue as a going concern. ”
Also not surprisingly, the insiders of NGRC who intend to dump stock, particularly “Kenneth B. Liebscher” (Ken Liebscher) have a history of stock fraud, going all the way back to 2002. The only reason this man is not behind bars and is instead able to continue pulling these schemes is because the SEC is enormously incompetent. Thanks to this iHub post for listing some links to articles/PR’s of the past few years detailing Mr. Liebscher’s criminal activities.
—
I’ve already found at least one site promoting NGRC, outoftheboxstox.com, which could be set to receive up to $150K for promoting NGRC. After you sign up to their mailing list, you’re soon led to this landing page:
http://outoftheboxstox.com/report.php
It amuses me how similar the copywriting is to other pump mailers, especially the LSTG mailer, and how it’s so heavily emphasized that NGRC is an American company in a booming industry, which owns some land in Nevada that *could* contain graphite. The actual fundamentals of the company are not discussed, because there honestly are none. And as usual, the words “estimated”, “believe” and “potential” are all over the place. Still technically legal, though, and I very much doubt the promoters or the insiders who want to dump stock are going to get into any trouble with the SEC
While I am very confident that NGRC will undergo some serious further promotion and volume, the question for us traders is how effective it will be, and whether there will be real opportunities to profit. If the price action is right I’ll probably take a small long position. Ideally, though, I hope this one is really successful and eventually goes up over $1/share (certainly not likely, but the possibility is there) and shares are available to short later.