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SNPK - Pump&Dump - all the tell tale

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nodummy   Thursday, 03/08/12 06:03:26 PM
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SNPK - Pump&Dump - all the tell tale signs of a shell that was created for the mere purpose of being used for an illegal pump&dump scheme for insider enrichment.


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The Signs:


1) Carrillo Huettel, LLP

This is the attorney used to help take the SNPK shell public

http://www.sec.gov/Archives/edgar/data/1470915/000107878209001464/sunpeakss1ex51.htm

They are also connected to other pump&dump scams including - NCDL, TSHO, NSRS, MKIT, and many others

Huettel has an interesting history with the Kirks (Skymark Media Group Ltd) - infamous Canadian spammers that got in hott water with Canadian authorities. The Kirks are very close to Eric Van Nguyen.

http://www.law360.com/web/articles/225639

Wade D. Huettel incorporated the SNPK business entity in Nevada on June 23, 2009:

http://www.sec.gov/Archives/edgar/data/1470915/000107878209001464/sunpeakss1ex31.htm

When Sunpeaks Investments was first set up a agreement was signed between Sunpeaks Investments (SNPK) and Nitro Petroleum, Inc (NTRO) for some oil well leases. The agreement eventually would disappear into thin air never amounting to anything real. Not surprisingly the legal counsel for NTRO was also Carrillo Huettel, LLP.

http://www.sec.gov/Archives/edgar/data/1285236/000107878209001327/nitros8ex501.htm


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2) Panamanian business entity providing financing. Just like with NSRS, RAYS, LEXG, RARS, WRIT, CRWV, and ABOT, Sunpeaks Ventures was provided funding early on by a Panamanian entity - Blue Lagoon Capital.

Blue Lagoon Capital allegedly provided $40,000 worth of funding on June 25, 2009 (2 days after the business entity was created) that was turned into 666,666 shares ($.06/share). Those 666,666 shares were forward split 45:1 on 12/7/11 giving Blue Lagoon Capital 29,999,970 shares ($.0013/share).

Representing Blue Lagoon Capital in the SNPK filings is a Belize business entity called IPC Corporate Services LLC. Signing for IPC Corporate Services LLC was Robert Bandfield.

IPC Corporate Services LLC is a company that you can pay to set up a confidential foreign business entity for you so that you can remain anonymous. The perfect service for a criminal wanting to own shares and sell shares in a company set up for the mere purpose of a pump&dump.

The big question is who really owns those Blue Lagoon Capital shares?

Blue Lagoon wasn't the only anonymous business entity set up to get rich off of the pump&dump scheme.

Habana Investments got 350,000 shares for $1,750 ($.005/share) which after the forward split became 15,750,000 shares ($.00011/share)

CHP Investments got 350,000 shares for $1,750 ($.005/share) which after the forward split became 15,750,000 shares ($.00011/share)

Verna Thompson got 350,000 shares for $1,750 ($.005/share) which after the forward split became 15,750,000 shares ($.00011/share)

Oil Search got 350,000 shares for $1,750 ($.005/share) which after the forward split became 15,750,000 shares ($.00011/share)

Tustin Properties Corp got 350,000 shares for $1,750 ($.005/share) which after the forward split became 15,750,000 shares ($.00011/share)

Capstar Management Ltd. got 350,000 shares for $1,750 ($.005/share) which after the forward split became 15,750,000 shares ($.00011/share)

Soho Investment Group got 350,000 shares for $1,750 ($.005/share) which after the forward split became 15,750,000 shares ($.00011/share)

Tribeca International got 350,000 shares for $1,750 ($.005/share) which after the forward split became 15,750,000 shares ($.00011/share)

Kenan Williams got 100,000 shares for $1,000 ($.01/share) which after the forward split became 4,500,000 shares ($.00022/share)

That's a lot of free trading shares waiting to be dumped during a stock promotion.

Habana was later issued a convertible Note for money it also allegedly advanced to the SNPK shell totaling $39,248

http://www.sec.gov/Archives/edgar/data/1470915/000107878211001397/sunpeaks10q033111ex1006.htm


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3) Forward split. Almost every pump&dump stock like this does a large forward split before the promotions start to increase the share ownership of the insiders set up to get rich during the p&d. SNPK is no exception. They did a 45:1 forward split on 12/7/11.


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4) Change in control. Almost every pump&dump stock like this has a change in CEO and business direction right before the stock promotions start. SNPK is no exception. On February 13, 2012, Scott Beaudette passed the shell off to Mackie Barch. The plan of operation shifted from oil & gas to over the counter medications.


The CEO and plan of operation are nothing but a front when it comes to companies like this. These companies are set up from day one for anonymous insiders to get rich by selling their shares during paid promotions. Pump&Dump.


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The promotion:

Today some Eric Van Nguyen affiliate promotional companies (also linked to Jay Fung) announced that SNPK was their next promotion (pump&dump).

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73051712

Bahadur investments Inc was the same company involved in paying for another Eric Van Nguyen pump&dump promo - ABOT
















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