Replies to post #239 on Tiger Reef Inc (TGRR)

[StockdungU]

A. Elite Stock Research’s Boiler Room Operations
65. Elite Stock Research was incorporated in August 2013, and during the relevant
period, it operated out of its headquarters in Plainview, New York. Vassallo is the chief
executive officer of Elite Stock Research, and he controls its operations. Vassallo has trading
authority over the Elite Stock Research brokerage accounts and signatory authority over Elite
Stock Research’s bank account. The Orchestrator Defendants, including Lee, paid Vassallo in
Case 1:17-cv-04133 Document 1 Filed 07/12/17 Page 22 of 61 PageID #: 22
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cash for his services. Vassallo also received proceeds from the sale of securities promoted by the
firm. Between January 2014 and January 2016, Vassallo received more than $250,000 in checks
and direct withdrawals from Elite Stock Research’s bank account.
66. According to its website, Elite Stock Research provides investors with “top
quality trade recommendations and . . . research that you can trust.” However, Elite Stock
Research operated as a boiler room, employing numerous individuals and using 19 different
telephone lines, to artificially increase the price of certain microcap securities via manipulative
trading and strong-arm, fraudulent promotional campaigns (“pump” or “pumping”). From 2014
until at least 2015, Elite Stock Research pumped at least two securities, CESX and HECC,
through aggressive promotional activity and executed hundreds of manipulative trades, including
matched and wash trades, to artificially inflate the price of the securities that Elite Stock
Research was paid to promote. During this time period, the firm received more than $1 million
in illegal trading profits.
67. Elite Stock Research employed Erik Matz, Hardy, Heepke, Verderosa, Ramirez,
and Antos as “sales” personnel to aggressively promote securities as part of the fraudulent
schemes alleged in this Complaint. Between 2014 and 2015, these Defendants called numerous
victims promoting at least CESX and HECC in furtherance of the pump-and-dump schemes and
employed many of the strong-arm, fraudulent promotional tactics alleged in this Complaint.
68. In addition, Heepke engaged in at least one wash trade of CESX, and Vassallo
executed at least 17 matched trades with Elite Stock Research’s victims in furtherance of the
pump-and-dump schemes alleged in this Complaint.
69. Between 2014 and 2015, Elite Stock Research paid Erik Matz, Hardy, Heepke,
Verderosa, Ramirez, and Antos more than $448,000 in salary and commissions.
Case 1:17-cv-04133 Document 1 Filed 07/12/17 Page 23 of 61 PageID #: 23
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70. At all times relevant to this Complaint, Elite Stock Research, Erik Matz, Hardy,
Heepke, Vassallo, Verderosa, Ramirez, and Antos were not registered in any capacity with the
Commission. Nonetheless, Erik Matz, Hardy, Heepke, Vassallo, Verderosa, Ramirez, and Antos
were acting as brokers engaged in the business of effecting transactions in securities for the
accounts of others. At all relevant times, they directly solicited potential investors to purchase
securities, provided advice concerning the value of such securities, the advisability of investing
in these securities, and received transaction-based compensation from the promotion of such
securities.

[StockdungU]

Scott Sitra's wife Nina Edstrom paid the boiler room.

Nina Edstrom ( "But Scott and Nina Edstrom-Sitra wedding was up at the top of the list....many wondeful friends there on that beautiful day!"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96274670

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The third party intends to sell all of the shares of BWBG Common Stock, notwithstanding the fact that the third party may be advertising and/or raising investor awareness on BWBG and its securities at the time of such sale.The third party will receive 1,200,000 shares from Nina Edstrom (1,200,000 shares without trading restriction which could be sold in compliance with the provisions of Securities Act Rule 144) The third parties services will commence on 08/01/16 for 4 months.
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Elite Stock Research, Inc. (“ESR”) researches publicly traded companies and publishes newsletters, reports, and other material related to its research. ESR publishes a basket of stocks that it feels are worth owning for certain periods of time. In some instances, ESR receives, has received, and will receive compensation to research and raise investor awareness of some of these stocks. Often, ESR receives its compensation in the form of securities of the companies that ESR recommends. In addition, ESR may receive compensation from the very issuers of the stocks that are included in its publications.
ESR can, and often does sell into positions that it promotes. ESR’s activities can and do affect the market and price of these stocks. Stocks for which ESR receives compensation shall be indicated, and where necessary, specific disclosures made here.
ESR has or will receive $50,000 from a third party for marketing, investor relations, and raising informational awareness of the publicly traded company Blue Water Bar and Grill. BWBG: A third party, Will Receive 750,000 shares from Seaside Advisors LLC (750,000 shares without trading restriction which could be sold in compliance with the provisions of Securities Act Rule 144), 750,000 shares were included in an S1 registration statement deemed effective by the SEC may 11, 2006. Service will commence on 05/23/16 for 2 months, for marketing, investor relations, and raising informational awareness of publicly traded company Blue Water Bar and Grill. The third party intends to sell all of the shares of BWBG Common Stock, notwithstanding the fact that the third party and ESR may be advertising and/or raising investor awareness on BWBG and its securities at the time of such sale.
ESR has or will receive $50,000 from a third party for marketing, investor relations, and raising informational awareness of the publicly traded company Blue Water Bar and Grill. The third party intends to sell all of the shares of BWBG Common Stock, notwithstanding the fact that the third party may be advertising and/or raising investor awareness on BWBG and its securities at the time of such sale.The third party will receive 1,200,000 shares from Nina Edstrom (1,200,000 shares without trading restriction which could be sold in compliance with the provisions of Securities Act Rule 144) The third parties services will commence on 08/01/16 for 4 months.

http://esrstockresearch.com/page.php?article_id=11