Organic Plant Health Inc (fka OPHI)

[WallStreetSpook]

http://www.forbes.com/sites/danielfisher/2012/05/14/sec-euthanizes-397-dormant-shells-including-cray-computing-la-gear

But don't you think that was a good thing? Organic Plant Health (OPHI) has the proper intentions for a reverse merger. The honest intention is; it’s an inexpensive way for a company to go public, the insiders can maintain control and then they can use the securities (such as an S-1) to expand and grow their company.

Over the last few years, most reverse mergers are hyped shells with nothing but a story disseminated via email blasts/broadcasts to millions of “prey” who think they know what they are doing as investors and have gotten ripped off. This has gotten way out of hand. There are too many for the regulatory bodies to police.

Most people have a better balance sheet and/or income statement than what they have. My point is, there are many novice investors, desperate people in this economy and gambaholics that are being taken advantage of. Is it their own fault in the end? I would have to say yes but there needs to be some protection for these investors. I guess you could say a fool and his money are soon parted but most people really do need to supplement their income. Is there risk? Yes, but disclose the pitfalls and give full disclosure. The greed and desperation factor are what I believe drives the “investors” to get sucked into something that is so obvious it is never going anywhere unless you think you are smart enough to time the pump and dump.

The majority of people that ever make money on them are the promoters and sometimes the promoters are also the officers and/or directors with undisclosed nominee accounts with a lot of them being offshore. Look at the disclaimers of emails you receive on stocks. It is an SEC rule that compensation has to be disclosed. When I say rule, it is basically a law that allows the justice department and the IRS to prosecute and of course the favorite of "Mail Fraud" that always starts the case. Look at how many IR companies are paid by third parties that are BVI, Cayman or other offshore corporations.

I’m just saying, a least the halting of trading for a lot of these shells was a preemptive strike to prevent the uniformed, novice or desperate investor to keep the shift of wealth in motion. I’m a true capitalist but this may be walking a legal fine line and I believe it is immoral and doesn’t give the speculative investor a fair shake.

Of course, once again, this is just my humble opinion. GLTA and LLAP.