You really don't know me do you? LMAO. These are just a few of the communications I have had.
From: David Patch Sent: Saturday, March 13, 2010 12:15 PM To: enforcement@sec.gov; 'dfw@sec.gov'; 'khuzamir@sec.gov' Cc: schapirom@sec.gov; oig@sec.gov; 'beckerd@sec.gov' Subject: Bederra Corp (BEDA) running a P&D using a bogus Transfer Agent; Monday is the day
To whom it may concern,
The data against Bederra continues to compile as the company hypes publicly an acquisition and hypes false and misleading stock structure.
One of the key components to research in penny stocks is the share structure and an ungagged Transfer Agent. Bederra recognized that and ungagged their transfer agent allowing investors to obtain information on not only the shares issued and outstanding but public float as well.
Transfer Agent (TA) First National Trust Company 5116 Bissonnet Bellaire, TX 77401 ** 713 985-9624 or 713 579-0661 ** CUSIP # 904049103 ** Verified ~ DTCC ~ FIN # 334854
Research into this transfer agent identified that the address provided by Bederra is not the address of First National Trust but the address of a UPS/Mail Box Etc…store. Feeling dissatisfied with this information, and concerned about this business I began doing a reverse phone look up on the numbers provided. Both were unpublished numbers out of Houston Texas. So the next step was to pay to have this number researched.
For $20.00 I did that research and found that 713-579-0661 is owned by a company called Pet Ct Diagnos out of Houston, Texas.
For weeks now Bederra Corp. has been running a PR campaign discussing an acquisition to take place on March 15, 2010 and the trading volume has followed this pump. At the same time, investors have been informed by the company that it will be buying back shares of the public float (as much as 50%) and that the transfer agent will reveal that public float. The problem is, the TA is a fraud and the stock has traded the entire public float being reported on more than one occasion since it was announced.
Monday is the day….
This company is listed on the Reg SHO Threshold list for improper reasons (FINRA is using an old and outdated O/S based on a 400:1 Reverse split in 2008) and being on that list has aided the insiders in their fraud. Regulators are now part of the scheme because of the quality and accuracy of their work.
I am attaching a copy of the phone report I received for the record.
Dave Patch
or maybe this one they called me back on an hour later.......
From: David Patch To: enforcement@sec.gov, dfw@sec.gov Cc: "Robert Khuzami" <Khuzamir@sec.gov>, "Mary Schapiro" <schapirom@sec.gov>, "OIG" <OIG@sec.gov> Sent: Wednesday, March 10, 2010 12:47:42 PM GMT -05:00 US/Canada Eastern Subject: Possible Pump and Dump or Stock Manipulation Scheme - Bederra Corporation (BEDA) Houston Texas
To whom it may concern.
Possible Pump and Dump or Stock Manipulation Scheme - Bederra Corporation (BEDA) Houston, Texas.
Investors are convinced that the company is massively naked short sold due to an erroneous listing on the SHO list. BEDA is a non-filing pink sheet company and based on the SEC’s data never should have been listed but has been for near 60 days.
This non-reporting company puts out press releases about their share structure and in these press releases they identify the float and total shares outstanding. They have likewise put out a PR about an acquisition they are planning. On the boards, people are detailing how the CEO of the company has told them that this deal will be done by March 15, 2010. This inside information is creating a buy up in the market and the stock has near doubled from what I can gather.
The stock was trading at $0.0003 and $0.0004 on December 31 and is now at $0.002. But in the last 4 months the stock has also seen the shares issued and outstanding multiply 7X according to company documents. Trading volume has likewise grown exponentially with the share price and structure increase.
And with all this business activity taking place it appears that some are intent on hyping the market.
Consider first this press release:
Bederra Corporation Re-Emerges On Newly Implemented Uptick Light Rule
The second release, while addressing the unauthorized first release, does delve into the same bogus claim regarding 2 Billion shares naked short. These claims are based entirely on the promotions of people on the I-Hub message board.
Confirmation from FINRA on BEDA 2 Billion Short Position…
The company has also released PR’s about stock buybacks but the FTD data presented by the SEC looks like large blocks of paper hit the markets and cleared. The stock buyback PR creating a frenzy to investors but the PR is nothing more than hype as it holds no minimum requirement:
In January for example, there was a day where there were no FTD’s and the next 10 Million showed up and then the fails disappeared again. There were also days where 500,000 shares went FTD and then poof gone. These fails have the signature of paper hitting the market but the company is telling investors the paper is locked up.
Bederra Corporation Reports Current Share Structure
Because of the high volume, the stock continues to trade money even at this price. The CEO claims the float is 400 Million, in a public press release, but the market traded 384 Million on February 24, 2010 alone and 407 Million on January 26, 2010 the day before the press release..
But what else is taking place?
The CEO of the company is talking to the I-Hub posters touting this stock and driving press releases and in these conversations he is giving updates on the acquisition they claim is taking place.
There are no absolute knowns about what is taking place in this market but certainly factors are in place that create suspicions of manipulation taking place internal to the company or externally.
This company and its officers are not new to the stock dilution game either as history shows that in January 2009 the company went through a 400:1 reverse split taking the issued and outstanding to 644,000 shares
HOUSTON, Jan. 6 /PRNewswire-FirstCall/ -- Bederra Corporation (Pink Sheets: BEDA), the medical imaging and diagnostic company, announced today that its Board of Directors has approved a 1 for 400 reverse split of its common stock, effective for all shareholders of record as of December 03, 2008. The Company has submitted all necessary applications for the split, including the assignment of a new trading symbol; it began trading on a post-split basis on December 31, 2008. The effect of the reverse stock split reduces Bederra's common shares outstanding from 257,888,834 million to 644,722.
Interestingly, the last time the stock saw a pump was in mid-Summer 2009 when they again announced a LOI to acquire a company.
Bederra Corporation Signs Letter of Intent to Acquire Neogenex Medical Technologies, Inc.
During this period, the stock traded at $0.005 on July 24 on 268,000 shares and by July 28, 2009 it was closing at $0.01 on nearly 20 Million shares after 2 days of greater than 15 Million shares of volume each day.
David Patch
SEC FTD Data proving this company does not qualify for SHO:
For the period January 1, 2010 thru February 15, 2010 here is aggregate fail to deliver data (Dollar value at end represents the PPS required to equal $50,000 in FTD; stock trades at $0.002)
20100104 76012202 BEDA 362075 BEDERRA CORP NEW COM STK (US) $0.14 20100105 76012202 BEDA 312075 BEDERRA CORP NEW COM STK (US) $0.16 20100108 76012202 BEDA 10309824 BEDERRA CORP NEW COM STK (US) $0.00 20100111 76012202 BEDA 1019824 BEDERRA CORP NEW COM STK (US) $0.05 20100112 76012202 BEDA 384587 BEDERRA CORP NEW COM STK (US) $0.13 20100115 76012202 BEDA 10000 BEDERRA CORP NEW COM STK (US) $5.00 20100120 76012202 BEDA 500000 BEDERRA CORP NEW COM STK (US) $0.10 20100121 76012202 BEDA 1999 BEDERRA CORP NEW COM STK (US) $25.01 20100127 76012202 BEDA 500000 BEDERRA CORP NEW COM STK (US) $0.10 20100128 76012202 BEDA 41430 BEDERRA CORP NEW COM STK (US) $1.21 20100129 76012202 BEDA 232000 BEDERRA CORP NEW COM STK (US) $0.22 20100201 76012202 BEDA 51850 BEDERRA CORP NEW COM STK (US) $0.96 20100203 76012202 BEDA 1933981 BEDERRA CORP NEW COM STK (US) $0.03 20100204 76012202 BEDA 629901 BEDERRA CORP NEW COM STK (US) $0.08 20100209 76012202 BEDA 34208 BEDERRA CORP NEW COM STK (US) $1.46 20100210 76012202 BEDA 24208 BEDERRA CORP NEW COM STK (US) $2.07 20100211 76012202 BEDA 79667 BEDERRA CORP NEW COM STK (US) $0.63 20100212 76012202 BEDA 10000 BEDERRA CORP NEW COM STK (US) $5.00
I have been in contact with NasdaqOMX for 2 days now to correct the SHO list but they have not responded with a correction.
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