LSMJ BUYER BEWARE -- please read..
i covered LSMJ through my Yahoo! Group last year -- in the $.0007 area or something. i checked out their website -- i read their lone PR -- and according to the transfer agent.. there was only a few shares out there.
what a perfect situation, no?
interestingly, though -- the pinksheets site said (and still says) they cant get in contact with the issuer. how odd, i thought, since the contact information was clearly on the bottom of the PR. i wrote pinksheets and told them -- they wrote me back that it WASN'T the same company. now i was super confused.
so i called elaine davidson over there and asked for more information. she did confirm that the company exists, but it is a PRIVATE CANADIAN company and was NOT public on the US market.
she said that someone had kind of stolen the 'identity' of LeaseMart Capital and created the stock without the blessing of the company. she said the PR about expanding into China and India was a lie and if 'we were doing that, i'd certainly know about it'. someone is spoofing their company, and she said they've tried and tried to get it corrected.
she was a REALLY nice lady and i encourage everyone to call her. LSMJ is *NOT* representative, endorsed by, or in anyway associated with LeaseMart Capital Corp.
this stock is a scam in the truest sense of the word. reminiscent of 'boiler room' where they made up companies to pump their stock.
i encourage everyone to a) write pinksheets and confirm it's not the same company and b) call or write elaine davidson.
500M shares moved today and some hidden party is sitting in the dark selling stock. there is no underlying business here. i wouldnt care if it were a shell.. they trade now and then.. but for the pinksheets to do nothing about this ticker spoofing a real company really upsets me.
i dont know why i didnt push the issue further a year ago. i was happy to get out of the stock when i did.
best of luck to anyone here.. i would be very, very careful.
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