Replies to post #64279 on Supatcha Resources Inc. (SAEI)

[Renee]

Encompassing SEC action , ND . This is the first time that I have observed the SEC copy and paste the exact promo releases of any offender ...dozens of them .

Note : Pages 8 and 9 reference Supatcha Resources .

[JEM165]

They also publisised many other companies, that was there purpose, what's your point. SAEI is not mentioned in the complaint and to try to tie the complaint to your opinion from an old message you wrote, should not be constued as proof of anything. So what if someone has been charged in a complaint that did PR's for SAEI? Guilt by association?? Don't think so. JMHO

[lawjak]

Good work finding that nodummy. I was reading the complaint and it talks about how they promoted such companies as GE (General Electric). They said the reason they promoted very reputable companies as GE is so that it made them look more reputable. That was very smart of them. So we know now this obviously the same reason that they promoted SAEI. This could only make them look more like a reputable company to the public eye. Anyway I am sure glad they got those crooks. Anyway WE are ALL looking forward to news coming out for SAEI so that we can get this train ROLLING again. Again thanks nodummy for helping to clear up WHY a SCAM company would use such GREAT companies like GE and SAEI in there campaign. This is my one and only post for the day. I will say for everyone who post on here we are all for you SAEI and looking forward to hearing from you and thanks for ALL of your hard work. GO SAEI!!!!!!!!!!!

[janice shell]

That's interesting, isn't it? From the litigation notice:

The complaint alleges that the defendants created and distributed various forms of promotional material for, among other issuers, a purported oil-exploration-and-development company known as PrimeGen Energy Corp. PrimeGen claimed to be headquartered in New Jersey and to have active operations in Russia. According to its press releases, PrimeGen supposedly brought at least twelve oil wells into production in 2009 and generated many millions of dollars in revenues. The complaint alleges, however, that PrimeGen was phony: its corporate headquarters were a rented mailbox in a UPS Store opened with a do-not-forward instruction; its phone line was unattended; and its web page was generated by copying the source code from another company’s web site.

Does that sound familiar to anyone here? A made-up company. Imagine that.

I suspect the SEC will be going after the companies at a later date. Meanwhile, I wouldn't want to be TheWallStBulls. Or any other promoter. It appears the SEC now expects them to do reasonable due diligence on the companies they represent.

Guess this also tells us why Kenneth Eade was contacted by the SEC.

[Brigham Youngster]

Yep, the long arm of the SEC appears to be catching up with these stock promoters, doesn't it?

[Lowjack]

Doesn't this make you feel all warm and fuzzy.

http://www.sec.gov/Archives/edgar/data/1443105/000114420410066048/v205372_8k.htm

Like your wraped in a big giant sasquatch.