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Replies to post #4677 on B2Digital Inc. (BTDG)
ATTENTION NEWBIE INVESTORS*** WARNING WARNING WARNING IMPORTANT INVESTOR DD
"The Big Swindle"
or
How to turn 30 Grand into a 395 million dollar hoax while capturing a cool two million in newbie money by typing out a fake buyout proposal
Here is the story so far as can best be pieced together.
We have a Haitian named Wilma Saint Louis (see pic of the Haitian below) living in Shanghai, who just last week wanted to learn how to cook fast food chicken and burgers, but this week decided to make a 395 million dollar cash tender offer for a broke pink sheet company which rents movies in a few hotel rooms and which claims to have just signed a joint venture to go into the gold mining business with an investment of a mere 30,000 thousand dollars.
The buyout offer was made on a fake letterhead using a fake address. The address was taken from another company which has never heard of Wilma or the fake company he is purported to represent.
The Gold mine is supposedly from a joint venture with a company in Quebec that is said to hold a mine on which a National Instrument 43-101 study was completed, yet no evidence of this company or the Ni 43-101 existed outside of references made in BTDG PRs. (it costs a small fortune to get a Ni 43-101 study completed--no way would a seller let a buyer have a property with a legit 43-101 for a mere 30K)
They announced all was contingent on this fake Ni 43-101 they would upload to their website. When they finally uploaded it, it was discovered to be an altered version of a Ni 43-101 that a geologist had written on a different set of properties. The Geologist has now reported the sordid affair to the proper Canadian authorities.
The BTDG PR (note the description of the mining project)
http://ih.advfn.com/p.php?pid=nmona&article=43714213&symbol=BTDG
The real Canadian Jr Exploration Company's website:
http://www.pershimco.ca/NouveauSite/en/projects_courville.php
The text from Pershimco Resources' website was copied and pasted into the BTDG PR.
Is all of this a surprise? Not really. The CEO of BTDG is currently in a major financial and legal mess and he and his wife are living on Welfare while fighting charges that he stole Direct TV's signal and resold it to homes in Mesa, Arizona. He owes Direct TV over $400,000 and has had his wages garnished.
The BOD of BTDG, seizing on this great "buyout opportunity", immediately agreed to the Haitian fast food cook trainee's cash tender offer without requiring any proof of ability to pay and then subsequently PRed the deal even though it is clearly obvious that both the joint venture letter as well as the fake buyout letter have been forged by the same hand.
Of course, the fact that BTDG was in the process of trying to sell 2 million dollars worth of brand spanking new funding by selling stock to offshore accounts in tax havens like the Bahamas and Belize never factored into their decision.
Now the stock is crashing because all of the offshore paper they issued to a couple of mobbed up tax shelter corporations located in the Bahamas and Belize is being dumped faster than newbies can be found to buy it.
WILMA SAINT LOUIS--395 MILLION DOLLAR BUYOUT SPECIALIST)
12/01/10 12:43 PM
01/23/11 11:49 PM
AI
