Carvic-looks like it-Here is the stuff on Sandy
Feb-07
Investigative Reports
Amerossi EC, Inc. and Amerossi International Group, Inc. - A Pair of Ameross-Ain'ts
1/25/07 Amerossi EC, Inc. (Pink Sheets: ARSS) and Amerossi International Group, Inc. (Pink Sheets: AMSN) continue to have a good deal in common. The two penny stock companies have posted their financial statements for 2006 on Pink Sheets - and the picture is bleak. Between them these siblings have $235, no revenues and no business. Where are the touts now?
Investigative Reports (2 years ago)
November 28 2006
In “investment years,” it seems like a lifetime, but it has been barely a month since promoters were aggressively hawking shares of Amerossi EC, Inc. (Pink Sheets: ARSS) and Amerossi International Group, Inc. (Pink Sheets: AMSN). My, how times have changed. The buzz has dissipated – make that disappeared - and the touts are busy pumping another set of shaky companies.
Spam e-mails sparked interest in the dueling Amerossi (or would that be Amerossa?), but it was all hype and no substance. Amerossi EC says it wants to become a major player in the development of natural resources. Amerossi International claims to be in the oil and gas exploration business. When we first wrote about the two companies it did not appear that any entity was engaged in any meaningful operations. One month later that perception remains unchanged and confirmed by the woeful financial condition of both businesses. See, Amerossi EC, Inc. and Amerossi International Group, Inc. - Separated Before Birth.
As we noted in our earlier report, Amerossi EC and Amerossi International emerged from the same womb, a penny stock company called First Canadian American Holding Corp., and now known as Blackout Media Corp. (Pink Sheets: BKMP). First Canadian has served as an incubator of sorts, spinning off a series of tiny entities, most of which have boasted few assets and meager operations. The Amerossi companies are two of that progeny.
Despite their separation from First Canadian, the Amerossi retain some common bonds; they occupy offices near one another in Thailand and share the same fax number.
Three years following the dual spin-offs, the two companies continue to struggle – as evidenced by their most recent financial reports. On November 3, 2006, Amerossi EC filed a financial report with Pink Sheets for the period ended September 30, 2006. As of September 30th, Amerossi EC had exactly $235 in cash which, curiously, is precisely the same amount of cash it reported as of June 30, 2006 (and March 31, 2006, for that matter). How unusual do you suppose it is for a public company to have a static cash position for three consecutive reporting periods – while it claims to be pursuing business opportunities?
The Company claims that it has another $250,000 in “investments,” but does not identify the nature of those investments or say how they were obtained. Those investments first appeared on the Company’s June 30, 2006 financial report – also without explanation.
The September 30th financial report contains other information that is likely to distress any public investors who succumbed to the appeal of the spam promotional campaign. Amerossi had no revenues – and no expenses – between January 1, 2006 and September 30, 3006. If the Company was pursuing business opportunities it certainly was not expending any capital in support of that effort – not even the cherished $235 in its bank account.
Then again, compared to Amerossi International, Amerossi EC is flush with capital. On November 3, 2006, Amerossi International also filed a financial report with Pink Sheets for the period ended September 30, 2006. As of September 30th, Amerossi International had no money and no revenues. The Company did incur administrative expenses of $233,288 between January 1, 2006 and /September 30, 2006 – although it is difficult to see how those expenses were paid since the Company has not had any money since December 31, 2005.
Now that the promoters – or those who funded their effort – have sold (read that: “dumped”) their shares, Amerossi EC’s stock price has deflated and Amerossi International’s shares continue to languish. On October 16, 2006, as the spam campaign moved into full swing, Amerossi EC stock jumped to $4.60 a share. On November 28th, shares closed at 60 cents. Amerossi International shares, which reached a more modest price of $0.002 on October 13th, plunged to $0.0005 on November 28th.
What a difference $235 can make.
AI
Adjö
