Archive for the 'Email' Category
I was beginning to wonder if those email stock scammers had gotten wind of me and stopped sending me their notices. I have had to focus on real stocks lately just to have something to write about. Fear not loyal readers for this weekend my inbox was flooded with email stock scam notices.
When you stop and think about it, this is the worst time to even consider buying into one of the stock scam offers. With the daily DOW roller coaster being what it is you can make a fortune on legitimate stocks (or lose one).
Back to the subject at hand; Cyberhand Tech. This one came through not as text but as an embedded image inside an email. I will paraphrase it below.
THIS IS THE BIG ONE!
ADD OTCPink: CYHA TO YOUR FOLIO MONDAY
Readers getting in now could very easily turn 10 thousand into 100 thousand in the next 10 days. Currently trading at under $0.20 per share we are assuring you that this stock is grossly undervalued! We are rating this stock a strong buy to $1.25 per share.
COMPANY INFORMATION
Company Name: Cyberhand Technologies
Ticker OTCPink: CYHA
Yesterday Close: 0.03
5 Day Target: 0.20
10 Day Target: 0.30
ABOUT CYBERHAND TECHNOLOGIES:
Investor Relations
CyberHand Technologies International, Inc., through its Canadian operating subsidiary, design, market, sell, distribute and provide service for new consumer electronic technologies. These products use innovative ergonomic designs and technologies that are superior to other products in the market. The initial product offering includes: Computer Game Controllers that are 40% more responsive then the competitor’s products; Wireless Keyboards for Personal Digital Assistants (PDAs”); Ergonomic Computer Mouse Product line that eliminates computer related Respective Stress Injuries; and Related Software Upgrades and other peripherals such as Keyboards, Cameras and Scanners.
The products are patent protected in both Canada and the United States.
GET IN NOW BEFORE IT’S TOO LATE!
WATCH IT ON MONDAY JAN 28!
At the very bottom of the image was a disclaimer that was very hard to read. From what I could read, a company named AMTPS is disclosing that they were paid $10,000 to issue this report.
After doing some quick research on this stock I found that they have been targeted in the past and the company has steadfastly claimed that it is not them running the scam Cyberhand Fights Spam Artists
CALGARY, AB–(MARKET WIRE)–Dec 20, 2007 — Cyberhand Technologies International, Inc. (Other OTC:CYHA.PK), a design, marketing and distribution company providing new consumer electronic technologies using innovative ergonomic designs, announced it has been made aware that unsolicited spam emails have been received by third parties. Cyberhand does not now nor ever has used unsolicited emails or faxes to broadcast information to the public. Cyberhand is not now in the process of any market awareness campaign, nor has it ever paid anyone directly or indirectly to publish any forward-looking emails or corporate press releases using unsolicited emails or faxes. Cyberhand has traditionally published all of its corporate information via Marketwire, using its agent Filing Services Canada Inc., to ensure completion of service. Cyberhand neither condones rewards nor desires any third party to disburse unsolicited information regardless of its nature on its behalf, to anyone without its permission. Please check our authorized public news releases; they are posted nationwide, for any current or new developments happening within the company.
As you can see from the above chart the stock price had a huge surge back in November (Cyberhand Finalizes Pocket Power Initial Product Line but it quickly fell back down. Over the next few weeks the stock began a slow and steady decline.
So, why is it being primed for a pump-and-dump now? When I looked back I could find no evidence of a pump-and-dump being related to the November surge so why now? When I looked back at last week’s trading information I noticed over 100,000 shares have recently changed hands. This is a far cry from the almost 2 million shares traded when the stock scam in December hit but… With the stock trading $0.03 when those transactions went through 100,000 shares only cost you $3,000. I will be no big deal for the scammers to throw in a few buy orders for this one at $0.06 early in the trading day to get people suckered in.
Keep clear of this one.
IRVINE, Calif.–(BUSINESS WIRE)–ShotPak, Inc. (Pink Sheets:SHTP - News) today announced that neither the Company nor any known associates of the Company are in any way associated with any unsolicited emails, facsimiles, text messages, or any other form of “spam” marketing materials that have recently been circulating. If you receive, or have received any communications regarding ShotPak that you feel fall into this category, or would like further clarification, please contact the Company directly by Phone 800.511.5609, or Fax 949.589.7726. Should you have any questions regarding the Company or its stock, we recommend that you contact the Company directly or seek advice from your broker.
Bill Marin, President of ShotPak stated, “We are working hard to achieve shareholder value through the increase in earnings and the development of the business. We are very excited about achieving world wide distribution with our aggressive rollout plan, and are confident that the consumers throughout the United States will quickly help to make ShotPak a household name once our products hit their local shelves.”
You may recall that I wrote previously about the spam I received about ShotPack.
Just this morning I received the following stock tip in my inbox:
In the markets, A unique product is always rewarded, and the company will always soar as long as there is demand and have growing markets to explore.
Now we would like to present a new concept thats been hitting globally and a real company with real and unique product.
Introducing ShotPak (SHTP)
Whats the unique product??
The ShotPak is a new and innovative concept in alcohol packaging. The shot is a single serving shot of alcohol or a Ready-To-Drink (RTD) mixed cocktail in a soft portable pouch. It eliminates the need for you to carry glass bottles, mixers and bar tools when you go out.
When full, the ShotPak is lighter than a 50 ml airplane botle and more convenient to carry. The ShotPak was developed to target people who are enagaged in an active lifestyle and are on the go.
If you don’t believe this works, read their latest press releases and see the craze grow.
Don’t be left out, look into SHTP ShotPak Inc
I left in the typos
So, what do we know about this stock?
52 week range: 0.05 - 0.61
Three month chart:
Are you thinking what I’m thinking? What happened in August? At the end of June Shazam Stocks printed an article on Shotpacks. The articles reads well and the product looks promising so why did the stock drop so far?
I also found this article which says the company is trying to find out who owns their stock and what positions those investors are taking with the stock.
Shotpak has also ordered DTC reports for further assessment. Both lists will be utilized to reveal possible short positions.
“Maintaining our shareholders’ rights and enhancing shareholder value are our main goals. We believe that a NOBO list may provide a clue to the recent peculiarities in Shotpak’s stock price movements,” stated CEO Ignus Hattingh.
If you look at the news coming out about this company it looks good. They are signing distribution deals left and right, so why am I getting junk email about them?
Can this stock take off and be good? I’m not sure. What I have to wonder is why, with all their distribution deals going through, no bigger company has gobbled them up?
My personal opinion? As people begin to fear the worst in the world (war, and recession) alcohol sales go up.
Today I got two, count them two email messages telling me to buy this stock.
Watch UTYW M0nday!
UNITY WIRELESS CORP Sym: UTYW
This is a REAL COMPANY, REAL EARNINGS, Making thier INVESTORS HUNDREDS OF THOUSANDS!
Current: 0.06
Expected: 0.24
First Half Revenue Grew 53% to $4.8 Million Over the Same Period in 2006
Wireless Technology is and will be the Wave of the FUTURE! This Company in on the Breaking mark of coming out with a HUGE deal Tuesday!
Keep your eyes open for big news on UTYW Monday.
I got the above one and within half an hour the second one showed up.
Lightning Could Strike Twice!
UNITY WIRELESS CORP
Sym: UTYW
This is a REAL COMPANY, REAL EARNINGS, Making thier INVESTORS HUNDREDS OF THOUSANDS!
Current: 0.06
Expected: 0.24
First Half Revenue Grew 53% to $4.8 Million Over the Same Period in 2006
Wireless Technology is and will be the Wave of the FUTURE!
This Company in on the Breaking mark of coming out with a HUGE deal Tuesday!
Grab UTYW Monday morning.
Notice how both of those emails are nearly identical? They also came from some very dubious sounding domains.
Let’s just throw caution to the wind for a minute or two and look at this amazing stock deal that has just fallen into our lap.
What the heck happened? Did I receive this amazing news several months too late? Way back in May of 2007 this stock went as high as $0.19 per share when it climbed up from $0.09 per share. When I look back through the stock news about this company I saw a few interesting tidbits from May:
Unity Wireless Completes Delivery of Second Order to Vietnam’s Largest Wireless Carrier — MobiFone
Unity Wireless Completes Introduction of the New Management Team
I also saw some information about the company delivering product to Nokia India. With all of this great news why did the stock drop in July? All the news i can find points to more and more orders coming in. Then I noticed something else. I have been seeing a rather high turn over rate among its board of directors. If the company is doing so good why is it having such trouble with the people running it?
Back on August 8, 2007 someone purchased over 1 million shares of this stock at a price of around $0.08 per share. I’m going to make an educated guess that someone is sitting on a large number of shares of this company and they want to sell them at a profit. I am also going to make a guess that there will indeed be good news coming from this company on Tuesday.
I’m going to make one final guess. Due to management problems at the company it will not gain any real benefit from the news on Tuesday.
Don’t just take my word for it, do some investigating of your own and make up your own mind.
SZSN Expands To Become 3rd Largest Agricultural Seed Provider!
Shandong Zhouyuan Seed and Nursery Co., Ltd (SZSN)
$0.24
SZSN is expanding. Recent acquisitions put it in the top 3 Seed
providers in China. It is also expanding its distribution chains to 500
new regional agencies. Big news expected! Get on SZSN first thing Friday
morning.
The TCS Series is available in three models and other pedal assemblies
can be designed to meet specific application requirements.
This one was interesting not because of the tip but because of all the garbled and random words that followed it in the email! It’s one thing to get a en email stock tip that talks about a stock, it is something else when the majority of the text of the message is random buzz words and a joke about socks.
Why is it that so many of these stock scam email I receive are all for stocks that only have a five day history on Yahoo Finance? I can’t even pull any historical data on this stock from the easy access sites.
I had to go over to the CNN financial site to get a long term look at this stock. Looking back this company hit a high of $31.50 in mid 2005. The stock then fell to the low single digits and made a brief comeback near $12.18 in early 2006. they are currently trading in the $0.25 range.
So, what are they doing now?
News Headlines
Shandong Zhouyuan Seed and Nursery Co., Ltd. Invests Land in Real Estate Development Project with Expectation of USD 1.4 Million Profit
LAIZHOU, China, July 13 /Xinhua-PRNewswire/ — Shandong Zhouyuan Seed and Nursery Co., Ltd. (OTC Bulletin Board: SZSN - News; “SZSN” or “Parent Corporation”) which is incorporated in the State of Delaware, announced that its subsidiary operating company in China, Shandong Zhouyuan Seed and Nursery Co., Ltd. (”Zhouyuan” or “the Company”), entered into an agreement with Jixi Xingcheng Real Estate Development Co. Ltd. (”Xingcheng”), that they will jointly develop the Zhouyuan Building project with an investment of about RMB 50 million (or USD 6.4 million).
Shandong Zhouyuan Seed and Nursery Plans to Seek 500 Regional Agencies to Meet Demands for New Breeds in China
LAIZHOU, China, July 6 /Xinhua-PRNewswire/ — Shandong Zhouyuan Seed and Nursery Co., Ltd. (”SZSN” or “Parent Corporation”) which is incorporated in the State of Delaware, announced that it has acquired the business operations of Shandong Zhouyuan Seed and Nursery Co., Ltd. (”Zhouyuan” or “the Company”) since February 2007, which is incorporated in the People’s Republic of China, and is engaged in the business of developing and distributing agricultural seeds in China. Zhouyuan was organized in 2001 under the laws of the People’s Republic of China. Its primary product is corn seed, including both corn intended for forage and corn with a high starch content for use in industrial food production. In addition, it currently markets varieties of wheat seeds and cabbage seeds.
You might be wondering what brought the stock down from its high of $31.50.
If you look at the five year chart you will see that this stock is not exactly stable. It has a long history of rapid rises, rapid falls and low value plateaus. The most recent low has been going on since mid-February and it may be time for another rise.
In 2006 our sales revenue fell by 34% from the level achieved in 2005, which was
itself insufficient to produce a gross profit. To sustain operations, we pared down the only discretionary spending that we had - our selling expenses. This decision enabled us to achieve cash flow slightly above break-even, but had the inevitable result of reducing our already dwindling revenue. The net result was that we realized a net loss before minority interest of $590,868 in 2006, compared to a net loss before minority interest of $433,756 in 2005.
SHANDONG ZHOUYUAN SEED & NURSERY CO., LTD. - SZSN Annual Report (Small Business Issuers) (10KSB) PART II
Conclusion
It may be time for this one to rise again. The stock has already climbed to $0.30 per share in early morning trading on Friday 13, 2007. Will it go higher? Their recent land deal indicates that the rough patch they were going through may now be over. The company has also gone through a change in regards to its directors. China is still considered an emerging market. It’s up to you to decide if you want to take a risk on this one.
Update
Can you believe I received a second email about this today?
SZSN Goes Through The Roof! UP 37.5%
Shandong Zhouyuan Seed and Nursery Co., Ltd (SZSN)
$0.33 UP 37.5%
Brokers are grabbing up SZSN like crazy after two news releases this
week. Huge expansion plus multi-million dollar development projects are
pushing share prices through the roof. Act fast and get on SZSN first
thing Monday!
Someone must really be pushing this one.
Another day, another amazing stock offer in my email. This one is for Vision Airships Inc.
VPSN WILL MOVE LIKE A COMET AND ITS ONLY GOING TO GET BETTER! Watch this SUPERNOVA closely MONDAY!
VISION AIRSHIPS INC
Symbol: VPSN
Price: $0.021
BANGKOK, THAILAND, July 2007
Advertising Agencies Ready to Ink Deals!
The company wishes to announce that it is in final negotiations for representation with some of the world’s largest advertising agencies to market and reserve the blimps for there clients.
VPSN THE RISING STAR, IS SET FOR SUPERNOVA STATUS ON MONDAY!
Where’s my broker’s number? I need to call him right now so I can sink my money into this one!
I received this email on Monday July 9, 2007. At that time the stock was trading in the $0.20 per share range. It did not stay there for long.
I can’t tell if anyone made money off of this scam. Looking at the chart there were a few trades on July 5, 2007 for under $0.15 per share down to a low of $0.05. Monday morning the stock opened at $0.20 per share but quickly dropped to under a nickel a share. There was a high volume of trading but it all took place while the stock was near a nickel per share.
A large amount of trading did take place and someone might have been able to make a cent or two per share but they would have had to have sold thousands of shares to make it worth their time.
What news hit on Monday to prompt this stock scam? Vision Airships Global Expansion
BANGKOK, THAILAND–(MARKET WIRE)–Jul 9, 2007 — Vision Airships Inc. (Other OTC:VPSN.PK - News) — The company wishes to announce that it has finalized arrangements for funding for its global expansion.
“To be able to secure such favorable financing terms for our expansion plans is extremely exciting for us,” says Somsak Injan, president of Vision Airships. “It goes to show you that others, especially those in the financial community, see the value in what we are creating,” he added.
“This will allow Vision to meet its short and long term goals of providing a viable alternative advertising medium around the world. This will certainly allow us to expand swiftly into other parts of the world,” he continued.
This news was hot on the heals of this one: Advertising Agencies Ready to Ink Deals
BANGKOK, THAILAND–(MARKET WIRE)–Jul 2, 2007 — Vision Airships, Inc. (Other OTC:VPSN.PK - News). The company wishes to announce that it is in final negotiations for representation with some of the world’s largest advertising agencies to market and reserve the blimps for there clients.
I did not know blimps were back in style. Either way this stock is just full of hot air.
Stock Tip
Avoid this one. Blimps may rise but this stock is no blimp.
I was beginning to think those stock scammers were on to me and had removed me from their email listings. Not so! Just today I received this one in my inbox.
Digital payment is the way of the future
CEO A M E R I C A INC
SYm-CE OA
6 Cents is a STEAL
Expected : .70 ( 1000 percent return!! )
This is projected to go to .70
AN ALL AMERICAN COMPANY
Get IN Before the rush TOMORROW
Do you know what is real funny about this one? The stock tip was hidden between some sports story. Might that have been an attempt to bypass the spam filter?
Notice something else? They left off the stock ticker symbol! How can I benefit from this awesome stock tip if I don’t know the ticker sysmbol? Well, I tracked it down and it is CEOA.PK.
I took a quick trip over to Yahoo Finance to look up this wonderful stock and here is the recent chart I pulled:
Wow! What happened on March 5, 6 and 7? The stock tanked! Then… some adventurous souls purchased it for about $.06 per share at mass quantities.
If you look back even further you will see that this stock has not hit $.50 in a year! On March 17, 2006 the stock was at $.60 per share and fell. It has not recovered since then. The stock had been in a gradual downward move before then but, after that point the chart went from a picturesque mesa to a deadly image of erossion formed cliffs and valleys.
The recent activity for this stock shows millions of shares changing hands at low low prices. Will this stock pull itself out of the mire it is stuck in? Let’s check the news first.
LAS VEGAS, March 16 /PRNewswire-FirstCall/ — CEO America, Inc. (Pink Sheets: CEOA - News), exclusive US licensee of CREDITZ® Digital Currency, today announced the signing of a licensing and marketing agreement with TXTTUNES, an online/mobile music store and wireless community. The agreement, which covers TXTTUNES North American service is scheduled to launch in May of this year and is designed to increase revenues for wireless payments through the TXTTUNES online properties. TXTTUNES will offer digital credits and pay its members for spending behavior and expand promotional opportunities to music fans in North America.
source: Yahoo News
Hmm… What is this, eGold all over again?
Meh, buy it if you want, it’s your money but I don’t see any future in this stock.
It’s time once again to look over one of those amazing stock offers I have received in my email box. This time we will be looking at MGOA or Megola Inc.
Get MGOA on Monday, Its going to explode!
Trading Date: Monday, Febuary 05, 2007
Company: MEGOLA INC
Symbol: MGOA
Current Price: $0.05
Short Term Target: $0.50
Rating: 10/10
Recommendation: BUY NOW
CORUNNA, ON — (MARKET WIRE) — 02/02/07 Megola Inc. (PKSHEETS: MGOA), a leading environmental solution provider, announced today that it has placed its first order for Hartindo Anti-Fire products, which will be used for product demonstrations and obtaining the required industry approvals. The shipment is set to arrive from Malaysia by the end of February, early March.
This company is going to break into the dollar market yielding MASSIVE returns. Take advantage, get in NOW, make massive returns! This is an ACTIVE and GROWING company.
Get in with MGOA before its over 0.50!
First we take a look at our old standby, Yahoo Finance. Hmmm… It is currently trading at $0.05 per share with a few shares having traded hands on Friday Feb 2, 2007. We have a problem though as there is not enough data available for the Yahoo charts to work.
The news story quoted in the email does appear to be valid so we can take a moment to look it over… Hmmm, they are moving forward with business BUT, this is not a confirmation of success but a confirmation that they are working towards a goal of being approved by various agencies.
If you go to the website for Megola Inc. you can get more information, including some very bad news about their financial status:
Dear Shareholder:
Please accept this brief message explaining the reasoning why we have not filed our year end financials ending July 31, 2006.
Although the financial statements for fiscal year ended July 31, 2006 are not finalized, we anticipate no significant variation in revenue results from the fiscal year ended July 31, 2005.
Megola is currently attempting to complete a large private funding placement which was anticipated to be finalized prior to our required filing period due date. Although we are confident we will secure this funding in the very near future, there is no assurance that we will do so. One factor leading to the late filing is that, due to the aforementioned circumstances, Megola could not meet our financial obligation to our SEC accountant Malone and Bailey LLC. This has resulted in our company’s financials not being immediately addressed and subsequently not being completed in due time.
We apologize for this situation and expect full completion of our financials to be forthcoming.
A complete structured outline of Megola events will be addressed in our SEC filing and future shareholder communications.
Sincerely,
Joel Gardner
I do not know if this email was sent out by a corporate officer hoping to dump some stock or an investor or even someone with an axe to grind. I do not believe this is the time to buy this stock.
If we take a quick look over at money.cnn.com we see some very interesting information about recent trading of this stock. We see that on February second 2007 about 200K shares changed hands and the stock price went from $0.04 to $0.05. This stock has been trading for less than $0.10 for most of the year. Even with the bad news reported by the company in regards to their SEC filing the stock price has not budged much. The only high point for this stock was back in April 2006 when there was a lot of trading and the stock spiked over $0.20.
It looks to me that this bit of good news caused the spike in share price for late March into early April:
Megola’s financial year runs from August 1 to July 31. Megola’s audited 2006 second quarter financials, ending January 31, 2006, show a 784.55% increase in revenue, to $274,616 from $31,046, as compared to the second quarter financials of 2005. Megola’s audited 2006 first quarter financials, ending October 31, 2005, increased 333.54% to $202,187 from $46,636 as compared to the first quarter financials of 2005.
In 2005, Megola’s total revenues increased 220.81% to $713,135 from $222,294 in 2004.
I don’t see anything big happening after that date to indicate why the stock dropped so hard before the end of April, but it did.
If you want to take a chance on this one you might be able to make a few pennies but, more than likely, you will be stuck with a stock no one wants and you can’t sell.
Be warned, don’t buy MGOA!!!
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If you are like me you probably get a large amount of junk email.
Recently I’ve been getting a large amount of junk email giving me stock tips. Stocks are one of those things you need to be very wary of in regards to getting email tips about.
Today we will be taking a look at QCPC: Quantex Capital Corp
Watch QCPC Go For A Run! Here Are The Facts!
Quantex Capital Corp
Symbol: QCPC
Price: $0.44
5-day Target: $2.00
Rating: Strong Buy
Why QCPC?
Quantex Capital Corporation: Samlex America Sign US Distribution
Read More Online! Call your Broker! Wake up Now!
QCPC Will Start Running On Mon Jan 22!
Will You Ride This Wave?
Wow! Where’s my Rolodex? I better call my broker and jump on this hot stock tip I got in my email! Hey, wait a minute… Why would someone want to share such a hot tip with me? Might they profit of this if I was buying the stock?
Let’s look this one over.
According to Yahoo Finance the stock is sitting at $0.44 Monday morning before trading opens up. I can only get 5 days of trade information on this one from Yahoo Finance. There have been a few large trades recently but most of them have been when the stock was above $0.44. Let’s dig a little bit deeper…
In the email it claims that they signed a deal with Samlex, looking through the financial news we find that this is true:
“The agreement provides Samlex with the right to be the main distributor for Hengfu in North America and provides the company with an opportunity to bring high quality power supply products to the one of the largest markets in the world,” stated Mr. Evan Baergen, President of Quantex Capital Corporation.
“With a well-funded sales and marketing program supporting the Hengfu distribution arrangement, Samlex has the opportunity to increase its existing Switching Power Supply business from roughly $700,000 to more than $3 million within 36 months,” stated Samlex America President, Jonathon Dugdale.
What we now know is that Samlex is a subsidiary of Quantex and this deal is in regards to power supply equipment. This is getting more interesting. This is the point where I normaly find an article about insider trading or other nefarious business practices.
This shows up later in the same article:
With respect to the recently filed lawsuit in the Supreme Court of British Columbia relating to a loan agreement with Hunter Consulting International Inc., the company is pleased to announce that it has reached a tentative settlement agreement and anticipates the execution of a definitive settlement agreement shortly.
By taking a quick trip to money.cnn.com we can find a little bit more information on this stock.
It looks like this stock hit a high of $0.90 on December 29, 2006 with about 200K shares trading hands. That’s about all I can get on this one, for now…
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It’s Friday morning and I’m going to take a look at one of those “awesome” stock tips that just fell into my inbox.
This one is for WHKA - World Hockey Association Corp.
WHKA - HOT YEAR END GEM!
WORLD HOCKY ASSOCIATION’S
Symbol: WHKA
Price: $0.015
5-day Target: $0.09
Rating: Strong Buy
WATCH WHKA EXPLODE IT ON FRIDAY DEC 29!
Wow! It’s going to explode, today!!!
The first thing we do is take a look at Yahoo Finance and see what we can learn about this stock.
Hmmm…
It’s 52 week range is $0.01 to $2.00! So, a stock that traded at $2.00 per share in the past and is now worth a little over a penny a share. What the heck did this company do to itself to cause such a massive devaluation of itself?
How does going from $2.00 to $0.15 to $0.09 constitute an explosion? This looks more like an imploding stock to me!
The last time this stock was above $1.00 per share was June 29, 2006. On December 1, 2006 the stock went from $0.39 to $0.01 per share! What happened on that day?
What I believe is that someone recently purchased a ton of shares in this stock at a cut-rate price. This stock has been very active in trading recently with transactions with over 1 million shares going through.
I would stand clear of this stock.
For your reading pleasure I present this article. I will present the headline and first two paragraphs:
Global Developments Cancels World Hockey Association Dividend and Commences Legal Inquiry Into Issuance of Stock
VANCOUVER, BC–(MARKET WIRE)–Dec 22, 2006 — Global Developments Inc. (Other OTC:GBDP.PK - News) announces that it has cancelled its previously announced dividend of its holdings in World Hockey Association common stock and postponed it until further notice. Due to the significant decrease in the market value of the common stock of World Hockey Association (Other OTC:WHKA.PK - News), the proposed dividend became uneconomical with respect to the cost of notice and delivery to Global’s shareholders.
Global has since learned that the management of World Hockey Association, commencing sometime during November 2006, began issuing large amounts of common stock. From November 2006 to December 12, 2006, the number of issued and outstanding shares increased from approximately 32,000,000 common shares issued and outstanding to 157,854,076 common shares issued and outstanding, the majority of which were issued to insiders and management.
Oh my, Talk about insider trading!
This just goes to show you, the stock offer you get in your email is probably too good to be true.
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