Replies to post #10125 on DD Support Board and Research Team

[nodummy]

You must be talking about FDEI, a post you linked to that forum for me.

Speaking of FDEI. I just read back through my research and I realize that I left a few issues open that I never went back to research further.

Here was my original DD posts:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58047890

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58122007

Major points of fraud being that I proved that the management team was fake and all the press releases were plagiarized.

Everything about the company was a lie - their assets, their operations, everything.

I linked the company to the people running the SAEI scam because of those similarities plus because the same company was paying for the promotions of both FDEI and SAEI and the same person was involved in registering the domain names for both FDEI and SAEI.

Oh and of course Kenneth Eade worked as legal counsel for both companies.

I think his attorney letter with respect to current information filed for scam company FDEI on July 20, 2010 deserves another look:

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=34118

And I quote Kenneth Eade from the letter:

I have examined such corporate records and other documents and such questions of law as I considered necessary or appropriate for purposes of rendering an opinion, including but not limited to the following documents and representations, which were provided to me by FDEI representatives, and public records of the Securities and Exchange Commission and state of Delaware, which sources I believe to be reliable. All representations made to me in FDEI documents and by FDEI representatives are deemed to be accurate and reliable.

The documents I reviewed are as follows: the initial disclosures and financial statements of the company for the period ended December 31, 2009, filed July 7, 2010, and as amended and filed July 14, 2010, and related balance sheet, statement of operations, statement of cash flows, statement of changes in stockholder equity and notes, prepared according to GAAP, as filed July 7, 2010, as amended July 14, 2010 and July 20, 2010, and the quarterly update for the period ended March 31, 2010 and financial statements, and related balance sheet, statement of operations, and statement of cash flows attached thereto. Based upon the foregoing, it is my opinion that the information (i) constitutes adequate current public information concerning the Securities of the Issuer and is available within the meaning of Rule 144c(2) under the Securities Act; (ii) includes all of the information that a broker-dealer would be required to obtain from the Issuer to publish a quotation for the Securities under Rule 15c-211 of the Securities Exchange Act of 1934 (the “Exchange Act”); (iii) complies as to form with the Pink OTC Markets’ Guidelines for Providing Adequate Current Information, which are located on the Internet at www.otcmarkets.com.

I have personally met with management and a majority of the directors of the issuer; have reviewed the information, as amended, published by the Issuer on the OTC Disclosure and News Service and discussed the information with management.



Hmmmm this is the same company that Wall Street Capital Funding LLC got in trouble for promoting without first verifying that the information they were publishing was true.


http://www.sec.gov/litigation/complaints/2011/comp21841.pdf

Quotes from the complaint:

the companies in question commonly had approved of the statements WSCF made about them; WSCF had coordinated the timing of its releases with the companies; most of WSCF’s statements about the companies had come from the companies themselves and accordingly were not WSCF’s sole opinion; and WSCF had not independently researched the companies or otherwise created a reasonable basis for WSCF’s claims.

PrimeGen and Caliber are just two examples. WSCF has existed for approximately ten years and in that time is believed to have disseminated misinformation relating to hundreds of penny stocks. Other relatively recent penny-stock fraud programs in which WSCF has played a role include Fidelis Energy, Inc. (“Fidelis” or “FDEI”), a purported developer of solar-energy projects that WSCF promoted in the first half of 2010, and Supatcha Resources, Inc. (“Supatcha” or “SAEI”), a purported mineral-exploration company that WSCF promoted in April and May of 2010.



I guess using the argument that Kenneth Eade signed an attorney letter verifying the information to be true isn't going to help WSCF.



More from the filings in relationship to Kenneth Eade:

The nature and extent of the issuer’s facilities are limited to its offices in Los Angeles, California, which are leased from its counsel on a month to month basis. It also has administrative offices in Madrid, Spain at Felix Box 3, 6C 28036.


So FDEI was also paying Eade to use his address for their corporate address.



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But this is the part I left open ended that I never got back to researching:

On July 10, 2009, 82 million shares were issued to Prism Solar Industrial Co., in exchange for property, in reliance upon the exemption from registration contained within Section 4(2) of the Securities Act of 1933.


July 10, 2009 was 1 month after Dale Bernhart registered the new domain name and 6 months before the plagiarized press releases started going out.

The question is who really got those 82 million shares which probably were all dumped during the plagiarized press releases being published from January of 2010 - December of 2010 when the last press release was issued.



The company name and address they used for the 82 million shares seems to be fake:

Prism Solar Industrial Co - Room 92, Yangguang, Xinjingyuan, Meilong Road, Longhua Town, Bao'an District, Shenzhen, Guangdong, China 518000

It is a real address, but that company doesn't seem to exist at that address from what I could find.

The rest of the information they disclosure for this share ownership all seems fake too:

The resident agent for Prism Solar Industrial Co. is itself; Prism Solar Industrial Co. Room 92, Yangguang, Xinjingyuan, Meilong Road, Longhua Town, Bao’an District, Shenzhen, Guangdong, China 518000. The beneficial owner of Prism Solar Industrial Co. is Zailani Xi’an Industrial Corporation, Room 92, Yangguang, Xinjingyuan, Meilong Road, Longhua Town, Bao’an District, Shenzhen, Guangdong, China 518000. The beneficial owners of Zailani Xi”an Industrial Corporation are Hong Juin Chen and Shgih- Tang Liao.



Guess that is one mysterious we'll have to hope the SEC is able to solve some day.



I also find the signature for the CEO of FDEI, James Poole, a bit odd:






Call me crazy, but I'm having trouble making out the word Poole in those signatures.