Conspiracy Entertainment Holdings, Inc (CPYE)

[trendtraderz]

Discovered some more pretty bad news concerning CPYE today. For everyone waiting on financials this will look pretty grim. CPYE's auditor / accountants were barred from ever doing financial work for all publicly traded companies. If you go to the CPYE otcmarkets page and click on their auditor/accountants

http://www.otcmarkets.com/stock/CPYE/company-info

it takes you to this page

http://www.otcmarkets.com/service-provider/Morrill-&-Associates-LLC?id=93&b=n&filterOn=5

and then click on their website link

http://www.bmncpas.com/

then read this about Chisholm, Bierwolf, Nilson & Morrill and the SEC proceeding

http://www.sec.gov/litigation/admin/2011/34-64280.pdf Cease & desist order barring them forever.

Here is a local article about Chisholm, Bierwolf, Nilson & Morrill read the comments under the article. Seems these guys have hurt many people / investors.

http://www.sltrib.com/sltrib/money/51743019-79/board-accounting-firm-audit.html.csp

Todd Chisholm one of the principals at Chisholm, Bierwolf, Nilson & Morrill is also CPYE's registered agent.

https://secure.utah.gov/bes/action/details?entity=809004-0142

And as a bit of speculation on my part, if you notice the date on the SEC cease & desist injuction against CPYE's accountants, it is April 08, 2011. And now look at the press release barrage the started on April 8, 2011 also. Coincidence? Not likely. I think they knew the end was in sight and sold shares into the market at a ramped up rate. Look at the dates on these press releases...

http://www.businesswire.com/news/home/20110408006028/en/Conspiracy-Entertainment-Publish-%E2%80%9CJust-Sing!-Vol.-2%E2%80%9D Notice they put it out after hours at 6:30 pm assumedly after the SEC injunction was handed down.

April 11th, 2011 http://www.businesswire.com/news/home/20110411005634/en/Conspiracy-Entertainment-Publish-Vet-Practice-Marine-Life

April 12th, 2011 http://www.businesswire.com/news/home/20110412005303/en/Conspiracy-Entertainment-Publish-Emily-Strange-Strangerous-DS

Sadly it's looking like CPYE is toast. A SEC judgment against CPYE's accountants and then a power pump of 3 press releases starting the same day the judgment is handed down by the SEC. Coinciding with a paid promotion. Then 2 months later CEO walks away with no replacement. Phone numbers disconnected and no responses from the CPYE email link. For what it's worth I will be a buyer at .0001 as a lottery play on some kind of reverse merge into CPYE somewhere long down the road.