DD Support Board and Research Team

[scion]

Will ARSP Have a Gay Ole Time?

Written by Janice Shell

May 16, 2014: An hour after the bell on 12 May 2014, Andalusian Resorts and Spas, Inc.(ARSP) announced that it had signed a letter of intent to acquire the Mona Lisa Hotel and Casino in San José, Costa Rica. Coming so late in the day, the press release attracted little attention. That nature of the release, however, suggest that a major pump job may be in the works for the near future.

The Andalusian Resorts chain hopes to become the "destination of choice for the LGBT community." Each location will try to maintain a four or five start rating, and the comfort of their guests will be the hotels' "ultimate mission." While apparently designed with gay men in mind--all the photos in the gallery at the company website are of men relaxing at sumptuous vacation spots--ARSP's motto seems to be: WE ARE A STRAIGHT FRIENDLY COMPANY." Nice to know that this is not a hetrophobic company. Lesbians, of course, are also welcome.

Andalusian Resorts and Greenway Technology

There is, of course, no "chain" of luxury resorts. If the purchase of the Mona Lisa actually goes through, it will be ARSP's first acquisition.

Andalusian Resorts and Spas is not a "new" company. It was formed in Nevada on 20 July 2012 as Andalusian Resorts, LLC by Brian A. DeVille. In October, an amended officer and director list was filed, and Bernard ("Bernie") Fried took over. At the same time, Fried gained control of a penny stock called Greenway Technology (GWYT). He did that by purchasing 150 million shares of common stock from the Robert Semingway Trust, which was controlled by Kevin Holbert, who was then CEO of the company. A quarterly report filed with OTCMarkets on 16 November 2012 notes only that "the transaction did not require payment of consideration, as the control shareholder transferred his shares to the former owners of the LLC. Management has not determined the accounting for this transaction." Greenway had no revenues; under former ownership, it had vaguely planned to "construct and operate used oil plants." Whatever that may mean, the company had made no progress toward its goal.

Bernie Fried

Fried has worked in the telecommunications industry and runs a consulting business. He lives in Kansas, and teaches part time there and in Missouri. Late in life--he's now about 68--he became involved with penny stocks. His first venture was with Flint Telecom Group (FLTT). He joined that company as president, director, and COO in 2010, and later became CEO. On 19 September 2012, he resigned, evidently in order to have more time to dedicate to his new project, Andalusian Resorts. The fact that FLTT was burdened with enormous amounts of convertible debt, and had other problems as well, may have influenced his decision to get out while the getting was good. Still, the company did find itself worthy of a promotion in the week before Fried's resignation.

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