Excellent post and info. This one nailed me early on when it started slipping from a penny and re-entered thinking SOMETHING was going to come of it--eventually sold at a loss but did eventually wake up. We all know where that went now.
Wow, look at this public I-hub post by asdgwest, concerning SSHS (on topic)
asdgwest Share Friday, September 24, 2010 12:03:21 AM Re: None Post # of 10636
Important: Truth behind Gemlon brothers and NIR Group.
Michael Gelmon, Cory Gelmon, and Ribotsky, NIRGroup are joint with this scam stocks to sell shares.
I see lots of people still have hope left with this stock saying the product is really good and has lots of potential. It's true. However, for Gelmon's stocks, it doesn't matter. Same as SSHS. They have very good business model with growing revenue. Why no bid? Because Gelmon's object is only to make money selling shares through his friend, Ribotsky in NIR Group. They even short their own shares. If you believe only the products and keep putting/holding money with this stock, you'll lose all your investment like guys stuck in sshs. I warned from time to time. I see this is the exactly same scam stock by Gelmon having too many common tactics they do, NIR Group, Gelmon, Good product, high potential, the way stock chart shows...
I suggest you get out on any small popup. They will make the chart looks good and will tank it catching you in this pos forever.
You can't win Gelmon because they're the one where they like to move pps and they already decided to move down years ago before they even started this scam stock.
Also, Gelmon is not even involved with the business with this company. They sneak into any private company paying some cash, then they pump and dump. This is why the stock price moves backward. wonder why stock price doesn't go up when everything looks fine? weird, right? Do some DD before you scream bull
remember you're buying gelmon's stock, not the company's product and potential in this case. Then everything will make sense to you ===========================================
N.I.R. Group is the real operator behind this stock. influence SSHS in many aspects even changing board members, how share structure should be. And Michael Gelmon is the bridge between N.I.R. and SSHS, having title 'president'.
If you invest in this stock, you'll lose all your investments very quickly.
Anyone wants to know more about the connection between N.I.R. Group and Michael Gelmon, search 'N.I.R. Group Michael Gelmon' in google.
Michael Gelmon had a very tight relation with N.I.R. Group in the past when he was running 'Eagle Ridge Capital'. They scammed the same stocks in the past together. Now Michael sells convertible debts through N.I.R. Group to market to cash out. Both had the same addresses one time in the past, where current N.I.R. Group is located.
There are many stocks they operate to cash out through Ribotsky, NIR Group. To name a few,
BNYN AVTI
APV -candian stock exchange.
Many Many.
All of their operating stocks have the same problems. They keep selling shares through their own funding companies such as Eagle Ridge Capital, Haverstock Offshore Manager, N.I.R. Group.
Michael Gelmon, Cory Gelmon are not businessmen, they just hire small companies to sell shares to cash out. To do their money stealing job, they get hired reversely as board members in the companies.
Haverstock Offshore Manager is listed as Hedge fund in hedgeco.net.
What is hedge fund?
"Investopedia explains Hedge Fund For the most part, hedge funds (unlike mutual funds) are unregulated because they cater to sophisticated investors. In the U.S., laws require that the majority of investors in the fund be accredited. That is, they must earn a minimum amount of money annually and have a net worth of more than $1 million, along with a significant amount of investment knowledge. You can think of hedge funds as mutual funds for the super rich. They are similar to mutual funds in that investments are pooled and professionally managed, but differ in that the fund has far more flexibility in its investment strategies.
It is important to note that hedging is actually the practice of attempting to reduce risk, but the goal of most hedge funds is to maximize return on investment. The name is mostly historical, as the first hedge funds tried to hedge against the downside risk of a bear market by shorting the market (mutual funds generally can't enter into short positions as one of their primary goals). Nowadays, hedge funds use dozens of different strategies, so it isn't accurate to say that hedge funds just "hedge risk". In fact, because hedge fund managers make speculative investments, these funds can carry more risk than the overall market." -investopia
Basically Haverstock offshore and other funding services operated by Gelmon brothers and Ribotsky are hedge funds shorting stocks pretending they're funding service offering to small cap companies.
Now you got the idea? They target and hire small cap companies, Sneak into the companies as board members, issue stocks to their own hedge cos, then sell/short their own stocks through their own hedge cos.
These crooks, Michael Gelmon, Cory Gelmon have no knowledge about running companies or investment values, they do know only about hedging. Rating : (No ratings)
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