Spencer Pharmaceutical (SPPH)

[sunspotter]

"If you Google Hail First Pharma, they are listed on the Frankfurt Stock exchange."

Indeed they are, and here's the listing:


http://www.boerse-frankfurt.de/EN/index.aspx?pageID=40&ISIN=CA98978A1093

The only news you will find on this site there relates to Zoloto, the Russian shell that Amyot, Arella and Albi reverse-merged Hail First Pharma into, in exactly the same way they reverse-merged Spencer Pharmaceutical

- or Spencer Pharmaceuticals, even their own website doesn't seem to distinguish between the two different company descriptions

into Emergensys on the US Pink Sheets, except this time they did on the equally untransparent Frankfurt XETRA exchange.

These penny stock scamsters are good at obscuring their history and the skein of inside transactions they use to make it seem as if they are legitimate companies with real prospects for the future.

However, the starting poiunt with Spencer (and with most penny stock scams) is to look at their basic business proposition and business model.

And it's very clear - startingly obvious in fact - to anyone who knows anything about the biopharmaceuical industry that the barely-developed "monolithic" sustained release technology SPPH claim to own, even if real, and even if successfully applied to generic drugs metformin and ibuprofen, would be worth at most a few tens or maybe a hundred thousand dollars, and probably not even that. In no universe known to rational humans is it worth $245 million of anybody's money.

It's equally obvious to any rational human being who understands the equity market, that no entity would offer to buy all the shares in a company that is currently (over) valued at a few million dollars and declining rapidly, for $245 million.

Add to those indisputable truths the fact that Messrs Arella, Amyot and Albi have each, individually and collectively, been involved in similar penny stock scams operated put of Montreal and Vancouver in the past, and you have all the proof you need that Spencer Pharmaceuticals is a criminal enterprise operated by criminals.

I honestly don't know why anyone would pretend that the facts could be any different.