Xynergy Corporation (XYNH)

[Anonymous Nobody]

Must be pretty scammy when another scammy calls you scammy. From ACDU´s 2009 annual report:

On August 24, 2009, we issued a warning via form 8-K which involved our affiliated company, Richwood Eco Ventures, Inc. We explained that Richwood was created to assist Nicaraguan Rich Corporacion market its wood internationally and to hold the Company's investments into the Nicaraguan firm and its related entities. We learned that Xynergy Holdings, Inc., which trades on the over the counter market as XYNH, met with Rich Corporacion officers at a coffee shop. During that meeting, XYNH's officer, J. Carlos Ley, made a non-descript suggestion of an investment into Rich. No agreement was proposed, no terms were offered, and nothing material was discussed. Shortly thereafter, XYNH issued a press released followed by thousands of dollars in stock promotion that suggested an acquision was actually being pursued and that it could be a "billion" dollar deal. The press release and stock promotional activities for XYNH included a quote from J. Carlos Ley as stating, "This deal in particular, wherein we can leverage our interests in alternative energy against traditional business transactions like the $16 billion wood extraction and brokerage opportunity in Nicaragua, is exactly how we intend on establishing our footprint in global business." ACDU became extremely concerned that the public would link our investment into Rich Corporacion and our plans with XYNH's inference that there was a potential for "billions" of dollars. While wood processing in Nicaragua could be a lucrative deal, we were perplexed by the brazen exaggeration by XYNH and its stock promoters. In an abundance of caution, we chose to distance ourselves from the promotion by advising in the 8-K that "ACDU has concerns whether, even if a beneficial offer was made, it could come to fruition. ACDU warns that unrealistic hype and premature announcements may be made pertaining to the matter without completed due diligence. Investors in public vehicles involved need to use extreme caution and restraint prior to purchasing securities in any company that trades over the counter because these types of investments are for professional investors who maintain a high degree of risk, sufficient income and assets, and who could afford to lose their entire investment. Any sales, revenue, or monetary projections not contained in Securities and Exchange Commission filings or press releases by ACDU are not attributable to our Company and are specifically disavowed. ACDU continues its policy of discouraging any form of stock promotion." At the time, we did not specifically mention XYNH because we did not want to harm any investment if such was legitimate. However, we ultimately learned that the proposal was not serious and that, based on the claim of billions of dollars in potential revenue, was most likely issued for the purpose of selling unregistered securities.



Read more: http://www.faqs.org/sec-filings/110415/ACCREDITED-BUSINESS-CONSOLIDATORS-CORP_10-K_FORM2/#ixzz1JzEMpEVY