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Re: Winters post# 18822

Tuesday, 06/30/2015 11:28:24 AM

Tuesday, June 30, 2015 11:28:24 AM

Post# of 86313
I wouldn't touch American Gun Oil with a 50-foot pole.

Just some brief "detective" work reveals way too many red flags, and surely there are many more to be uncovered.

It appears that one of the former owners, Floyd "Leland" Ogle, died this past January (http://www.myleaderpaper.com/obituaries/floyd-leland-ogle-reno-nev-formerly-of-festus/article_fb850ea8-9b3c-11e4-8fc1-5b5a52d933c7.html), which I am guessing has something to do with why the other owner is looking to unload the company on the cheap.

For his part, Ogle was found guilty of at least one OTC stock fraud scam, and who knows what else one could find with more that 10 minutes of digging...

On June 16, 2000, the SEC obtained permanent injunctions against Floyd Leland "Lee" Ogle, the former president of Exsorbet Industries, Inc., and several other defendants in connection with a microcap market manipulation scheme. The SEC alleged that the defendants manipulated the price of Exsorbet stock from $1 to $13 per share from November 1993 through February 1996. As part of the final judgments, the Court entered permanent injunctions against the defendants and ordered them to pay approximately $2 million in disgorgement and civil penalties.

https://www.sec.gov/divisions/enforce/claims/flogle.htm


Ogle was specifically enjoined from violating Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 and Regulation M thereunder and Section 5 of the Securities Act of 1933 ("Securities Act") and ordered to pay $571,000 in disgorgement of ill-gotten proceeds plus prejudgment interest of $230,419, and a civil penalty of $200,000.

www.sec.gov/litigation/litreleases/lr16604.htm


And then there is the remaining owner, Robert Poirier, who was also apparently arrested and found guilty of a pump-and-dump scheme.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93629488

The Court found that Vincent helped Poirier and Palm obtain control of a substantial block of unregistered Garcis shares, avoid the registration requirements of the federal securities laws and sell those shares into the market at a profit. In addition, the Court found that Poirier, Palm and Vincent failed to file with the Commission certain forms required of shareholders owning more than five and ten percent of a class of stock registered under § 12 of the Exchange Act, and obtained an extension of credit from their broker for purchases of Garcis when they had no intention of paying for the stock.

https://www.sec.gov/litigation/litreleases/lr17111.htm


Also see here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93229312

Seriously, why are you even talking to these people?

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