Penny Stock Fraud Info
Tuesday, January 04, 2005
Taking your company public
Today I got spam on how to go public:
That explains a lot!
“9. Publicity
Public companies are more likely to receive the attention of major newspapers, magazines and periodicals than a private enterprise. The proper use of press releases, interviews or news stories can increase investor awareness, shareholder value and demand for the stock. A strong ad campaign coupled with media initiatives can potentially increase sales and revenue. ...”
They should have made this #1.
I wonder how much it costs to take a company public.
Monday, January 03, 2005
UACP—Uauthorize Corporation - mail returned undeliverable
Oh well, I tried.
-----------------------------------------
Hi. This is the qmail-send program at host254.ipowerweb.com.
I’m afraid I wasn’t able to deliver your message to the following addresses.
This is a permanent error; I’ve given up. Sorry it didn’t work out.
vdeliver: Invalid or unknown virtual user ‘investors’
vdeliver: Invalid or unknown virtual user ‘abuse’
Posted by Christine on 01/03 at 04:50 AM in SELL - scammers and spammers, UACP
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UACP—Uauthorize Corporation - 27 SPAMS for another VoIP and marketer - SELL!
Over the weekend I received 27 e-mails for UACP - Uauthorize Corporation http://www.uauthorize.com/
The product is another Voice over IP - sounds just like the Twister Network scam.
They’ve put out press releases, apparently own a bunch of websites selling crap nobody needs and that’s probably why they’re such accomplished spammers.
http://www.uauthorize.com/business.htm—yup, how did I guess ...
http://www.uauthorize.com/spam.htm—they deny spamming, can’t wait for the result of their investigation and especially the lawsuit: “uAuthorize will not hesitate to pursue whatever legal recourse necessary to enforce these policies.”
They owe me $270 for the spam. Will they pay up?
The FAQ is boilerplate and they haven’t gotten around to replacing specifics such as “A. uAuthorize will hold its next annual shareholders meeting at [time] and [place].”
What a bunch of losers! The only contact info I could find is and —and that’s where I’ll send the copies of this posting.
SELL before the promoters!
Here’s the SPAM:
Posted by Christine on 01/03 at 02:02 AM in SELL - scammers and spammers, UACP
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IOGN—iStorage Inc—SPAM Alert: SELL!
Repost from the fax blog 12/28/04:
I got ** 29 ** SPAMS!
”Investors
For information on becomming an investor please feel free to contact us.
email:
Tel: (603) 293 - 8688
Support
email:
USA Tel: (603) 293 - 8688
International Tel (+44) 1875 833300 “
I couldn’t even find an address at the site. They just started trading on 12/8 and I hope they’ll soon be out of business.
From their recent press release:
“Greg Pelletier, Chief Operating Officer stated, “In order to better serve our existing and new customer base, we are setting up a dedicated support, service and integration operation.” Pelletier further states “iStorage is founded on the principle of making network storage simple, easy and affordable. The key to servicing small to medium business is to provide rapid response to questions or other inquires while assuring timely delivery of customer orders.”
He forgot to mention the principles of illegal promotions and stock fraud.
As usually, when I look at a spammer, I find that all the signs of fraud are present. When a company or their shareholders engage in illegal activities it’s best to stay away from them.
Copy e-mailed to: and
I’m looking forward to receive the “we have NO idea who is spamming ....” reply evidencing their incompetence.
-------------------------------------------------------------
1/3/05: I got no reply.
--------------------------------------------------------------
12/28/04
Does the SEC act faster if more people complain about the spam?
“To:
Subject: IOGN - I got ** 29 ** SPAMS!—Sterling st0ck Report
I’m getting 3 - 5 SPAMS every day! Please do something.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=IOGN
Christine Baker”
According to Pink Sheets, they already have 60,000,000 shares outstanding with another 40,000,000 authorized. And their only “asset” is that they signed a lease?
Posted by Christine on 01/03 at 01:15 AM in SELL - scammers and spammers, IOGN
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Sunday, January 02, 2005
Concorde America—CNDD—the perfect example of stock fraud
Concorde America—CNDD is not just another “pump and dump” scam, the promotions were totally fraudulent.
Please read Steve Kirsch’s Anatomy of a stock fraud for many details about this scam.
At the CNDD website http://www.concordeamericainc.com you’ll find a link to “the business plan and financial statement:”
“… identification, recruitment, qualification, transportation and placement of documented immigrant workers, to be drawn largely from Central and South America, for employment in countries belonging to the European Union, ...”
Europeans reading paragraph 8 and being told that a whole bunch of Americans bought into CNDD would probably laugh so hard they’d choke.
This is as at least as idiotic as forming a company to bring in Mexicans to meet the demand for unskilled labor by American companies. Don’t miss the part about “licensing” fees of $250,000 and the expenses of $524,000 to establish offices. That’s money Lord already blew. Of the $1 million he received for the 100 million shares, he only had $116,000 left on 9/30/04. Is there anything left?
This filing also addresses the promotions, the SEC investigation and
“14. Brokers and Dealers: The Company is aware that more than 40 securities brokerage firms have submitted quotations with respect to the Company’s freely traded shares. No representative of any such entity has informed the Company of its intention to make a market in, or to initiate or submit quotations with respect to, such shares, nor, to the Company’s knowledge, has contacted the Company seeking information on behalf of a customer that owns such shares. Neither the Company nor any affiliate thereof has any association with any of the referenced brokerage firms or any of their representatives.”
I don’t understand why none of the brokers check what’s going on. Obviously, you want to read this entire document if you are a shareholder.
The chart speaks for itself: 1-2-05-6-mo-chart-CNDD.gif
From CNDD President Hartley Lord’s disclaimer:
“Hartley Lord, the Company’s President, stated that:
“While we recognize that analysts and others interested in the European labor market have the right to publish whatever statements they choose about the Company’s business model, we wish to make clear to the investing public that the statements made in the referenced releases have not been authorized by Concorde America, Inc., nor has any Company official provided any of the information contained therein. While we have faith in the plans that are being developed, the Company is in its formative stage, and will need to develop substantial experience in the European marketplace before we are prepared to provide any public information concerning our operational results or expectations. At such time, we will clearly identify any release authorized or issued by the Company.”
...”
Posted by Christine on 01/02 at 09:25 PM in SELL - scammers and spammers, CNDD
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TWTN—Twister Networks, Inc. and president Stephen Dao are named defendants in my suit
When I talked to Twister Networks president Steven Dao he denied knowing anything about the faxes.
Interestingly, Mr. Dao was interviewed by the infamous shysters Tom Heysek and Francis Gaskin in the promo videos posted at the TWTN website and if Stephen Dao knows nothing about the promotions he must not be very bright. I certainly wouldn’t invest in a company run by dimwitted morons.
It is quite likely that the entire company is a scam just like AHFI.
As always, I can only recommend SELLING shares of spamming and junk faxing companies due to the great likelihood of lawsuits like mine by many others - even if they actually are trying to do business.
Once a spammer, always a scammer!
Posted by Christine on 01/02 at 07:08 PM in SELL - scammers and spammers, RYNL fka TWTN
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AHFI—Absolute Health & Fitness trading resumed
AHFI and President Randall Rohm are defendants in my junk fax suit and the NV registered agent for AHFI has been served. Randall Rohm appears to be evading service.
AHFI resumed trading on 12/30/04 after the SEC had halted trading for 15 day due to questions about the ownership of the fitness centers.
Amazingly, millions of shares have been trading—who is buying and WHY?
Posted by Christine on 01/02 at 05:02 PM in SELL - scammers and spammers, AHFI
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How to be a winner in the penny stock market?
I have never owned a share of anything. In the early 90s, I was very broke and looked at the Ken Roberts options manuals. I realized that paper trading has little to do with real trading and I probably saved a lot of money putting the manuals in storage.
In the late 90s I had money to invest and I wanted to get into GOLD. I researched metals on the web and found that individual investors have a huge disadvantage. Not wanting to spend a lot of time researching and learning, I decided to enjoy camping and traveling rather than having to worry about my investments.
Since I sued numerous junk faxersa few months ago and thanks to Steve Kirsch’s incredible research Anatomy of a stock fraud I am now fascinated by the penny stock market, the scammers, spammers and investors.
I began to wonder if ALL Pink Sheets and OTCBB traded companies are scams. But then I remembered that I’ve been paying for XM radio for years and Sirius is a real company too.
Why did people buy stock in AHFI and CONTINUE to purchase even after the SEC had suspended trading?
The market is loaded with suckers.
Rather than go to the casino, thousands act on those “hot tips” faxed or spammed or distributed on the many websites and forums.
Based on what I learned so far, there are two ways to become a winner:
- You follow the promoters with a track record for pumping a stock *successfully*, buying before they start the promotions and selling while the stock is still high. Or shorting when the price is inflated. It’s pretty simple, theoretically.
Of course I recommend SELLING shares of companies engaging in illegal promotions, but that doesn’t mean they won’t be a winning stock.
- You invest in real companies after thorough research.
There are of course numerous penny stocks experts offering fee based recommendations and they proudly display their track records.
The only problem is that I have no way to verify whether it’s true.
I don’t believe what I can’t verify.
This is contrary to the mentality of most investors. They will only believe that a company is bad investment when they have proof of fraud.
I would want to have proof that the company is a real business and owns the assets it claims to own.
How can the market be manipulated?
From a public forum:
“Thu 30 Dec’04 - 15:00 - 17 of 26
good luck selling i have been trying all day”
I don’t know why some people can sell and others can’t. I have no understanding of the mechanics of the market. Almost a million AHFI shares sold that day, the price went up. Why couldn’t he sell?
Are major shareholders running a Ponzi scheme?
If I had money to blow, I’d buy a few shares just to see how it works. Since I don’t, I’ll appreciate some insights from people willing to share their knowledge and experiences.
I’ll follow at least some of the spammers and junk faxers here. I’m curious to see what happens and documenting those activities might come in handy if/when the SEC and lawyers take a look at them.
