News Focus
News Focus
icon url

GittinRich

12/13/11 9:29 AM

#5113 RE: Jackroch #5112

thanks for bringing this to the board's attention jackroch. heres more: http://www.vancouversun.com/business/Penny+stock+promoter+trouble+with+regulators/5851134/story.html .now im convinced sheneher is running a scam. this is the exact same garbage that troy metz (http://ca.linkedin.com/pub/troy-metz/14/432/235) was charged with in 2009 by the sec and in 2010 was fined $25ooo by the SEC and barred from penny stocks for 5 years (http://www.sec.gov/litigation/litreleases/2010/lr21627.htm). he was hired by sheneher as vice president in 2008.
icon url

GittinRich

12/13/11 9:55 AM

#5114 RE: Jackroch #5112

a intresting point was made on the yahoo board about this report
"It does not say who their clients are, but the information was false, and CPOW did never warn his stockholders, and kept/keeps encourage them to keep buying."


the vancouversun artical linked to says this:

In the case of Clean Power, which is based in Regina, the SEC alleged that Eiten falsely claimed in May 2010 that the company's "proprietary technology [is] held airtight by the company," when it had only one patent pending and did not own any intellectual property.

Eiten also claimed Clean Power was "strategic partnering" with two large and well-known corporations, Cargill Inc. and Bunge Ltd., but the SEC alleges it was only an occasional purchaser of their products.

(Although not mentioned in the SEC complaint, the disclaimer reveals that a third party named Blixen Services Inc, paid $16,500 for the report and another $650,000 to distribute it.)


Read more: http://www.vancouversun.com/business/Penny+stock+promoter+trouble+with+regulators/5851134/story.html#ixzz1gQVuJhVn