MARKET SCAMS

[MMMARY]

What makes a company a scam

Big different between total scam and just a bad investment. When I talk about a scam I'm NOT talking about companies with bad business plans, lack of adequate funding, undesirable products and management teams that aren't too smart. I'm not talking about basic unintentional failures but total intentional scams or companies with some scammy elements, companies who's main business is printing shares and paying the insiders in self dealing and inflated salaries, companies who knwo the business itself has no chance to succeed normally. They are in business just to scam investors for profit.

UMCC Ultra Motorcycle started off as a motorcycle company with a bad plan, inferior product, lack of funding and inferior managment. When things went downhill they got a little scammy trying to raise funds and the share price using stock promoter Westergaard and extremely misleading and fraudulent press releases predicting share price at $3, millions in profits and deals with companies like Castrol oil and Costco which never truly existed. They were a bad business with some scammy elements half way through.

ASTN on the other hand I believe started out as a stock scam. The mob did thier ipo through first united equities. The mob boilerroomed their stock and the insiders sold for a profit. The mob withdrew their support and the stock fell. The ceo then hired stock promoters westergaard then CCE to get the share price back up so he could sell some more shares. All the while he is promising investors that the product will be functional soon. The company doesn't keep its promises and they start to run out of money. They hook up with a scammy element Kernaghan to raise funds through toxic convertible death spiral financing which directors in the company arrange for a profit. All the while they are self dealing to each other, giving money to each other's private companies as consulting fees. They know the run is over so they will try to milk it for all it's worth. Their product gets lots of "approvals" but is never profitable.


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Just say NO to stock fraud!