Replies to post #117889 on DD Support Board and Research Team

[nodummy]

David Bending has supplied mining claims to penny stocks to be used for pump&dumps going back like 15 years. Just judging by the history of those penny stocks I'd conclude that most (if not all) of the mining claims were pretty much worthless (in terms of actually being worth the cost to be mined). Bending sort of reminds me of a James W McLeod or James Laird or Lawrence Sookochoff.


A couple of other notable, recent tickers that worked with David Bending included:

1) Aureus Inc (ARSN) which signed an agreement with Gold Exploration Management Services, Inc (David Bending) to acquire a small property in Elko County, Nevada consisting of 11 unpatented mining claims for $15,000 to use as its business plan to go public

https://www.sec.gov/Archives/edgar/data/1624517/000159406214000349/ex101.htm

ARSN had some offshore money laundering connections and links to other big name paid promotions. The claims that ARSN bought for $15,000 to help with the going public process were paid for through the sale of 2,430,000 shares to a group of 34 nominee seed shareholders from South Korea at $.01/share. Those shares were never actually paid for by or delivered to the nominees but instead were later transferred into anonymous offshore accounts to be sold into the market. Those mining claims were of course worthless and later dropped by ARSN after the S-1 was made effective. ARSN ended up doing a 15:1 forward split turning those 2,430,000 free trading shares of stock into 36,450,000 free trading shares of stock.

Like HZNM, ARSN was a very obvious sham IPO control of which was later used for a paid promotion.



2) IndoGlobal Exchanges (IGEX) when it went public as Claridge Ventures Inc. used some worthless mining claims the shell purchased from David Bending for $21,500 to help with the S-1 process.

https://www.sec.gov/Archives/edgar/data/1442853/000109635008000136/claridgepurchaseagreementex1.htm

Money to purchase the claim was raised by selling 3,285,000 shares to 37 nominee seed shareholders at $.02/share. Those shares were probably never actually paid for by or delivered to the nominees but instead were later transferred into anonymous offshore accounts to be sold into the market.

After the S-1 was made effective, IGEX dropped the property because they determined that the property was not economically feasible to spend money on. IGEX did a 35:1 forward split turning those 3,285,000 free trading seed shareholder shares into 114,975,000 free trading shares of stock.

Like HZNM and ARSN, IGEX had a very obvious sham IPO set-up with links to some other well known paid promotion tickers. IGEX never got the expected paid promotions. Instead IGEX just turning into a dump and dump.




HZNM was part of the Ashwer Zwebner shell factory

https://www.sec.gov/litigation/complaints/2016/comp23526-zwebner.pdf

More information about the Ashwer Zwebner shell factory here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122228559

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126382900

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126384583

By my count the following 31 Issuers may have come from the Ashwer Zwebner shell factory:

AIRW
GOLU
SFPI
SAFC
HZNM
OWCP
Flaster Corporation
iLOAN Inc
Zubra Inc
Instride Inc (ITDP)
PRRE
BLKG
CURM
GASE
BENH
LOLI
AVTH
LPCN
ZOSN
Medisafe 1 Techologies Corp (fka MFTH)
GTHC
Triumph Ventures (fka TRVX)
SANB
GELT
Wigi4You Inc
InFeed Medica Corp
KPAY
JALA
HVAY
BEES
MDDD

[1manband]

The response from nodummy sums it up pretty well. Bending has been focusing on lithium claims in Nevada and California for a couple of years. Lithium has become the hottest exploration target in Nevada since Tesla announced in 2014 they were building their new battery plant outside of Reno and were looking for local sources of lithium. Bending has been vending properties to juniors for years, and most of them are not top notch exploration prospects. Their real value lies in being used for stock promotional purposes, and Nevada Lithium is about as hot as you can get in the junior space right now. He has recently vended over some other lithium properties in both California and Nevada to some Canadian juniors, too, so HZNM is just one of a number of juniors trying to get on the lithium bandwagon. Some of these juniors have done well since the deals, and some are at or lower in share price than they were before.

Since HZNM has already been halted by the Alberta Securities Commission for questionable trading, which I posted about last week, it is already full of red flags. When a Canadian regulator halts trading in a stock that is not listed on a Canadian Exchange but only traded in the US OTC Market, it is usually because they have already received information from the SEC regarding an active investigation. Not good news for anyone holding HZNM.