Seeking Alpha

Alex S. Gabor's  Instablog

Alex S. Gabor
Send Message
Alex S. Gabor is freelance investigative journalist, bank stock analyst, and financial consultant. He does not personally get paid from anyone for anything published here at Seeking Alpha.
My company:
Church of Infinitology
My blog:
You, Me and the SEC
My book:
Confessions of a Sex Crazed Money Man
View Alex S. Gabor's Instablogs on:
  • International Bank Activities Reform Commission Soon To Release Report On Money Laundering In The United States
    IBARC has announced that the SEC Lawsuit has been increased to $50 Trillion in light of the recent impending collapse of BAC.Bank Activities Reform Commission Asking 200 Public Companies To Help Reform United States Securities and Exchange Commission$5 trillion SEC Negligence Suit moving forward with lead plaintiffs signing on. London Stock Exchange enforces ethics policies better than US. Stock brokers and banks to be named in class action united by American Bank Activities Reform Commission.

     

    New York City, New York (PRWEB) January 4, 2004

    Free and Clear Press Corps - The American Bank Activities Reform Commission (ABARC) has launched a contact campaign to unite domestic efforts of small cap companies and their stockholders ahead of a planned $5 trillion class action lawsuit against the United States Securities and Exchange Commission which will charge the Commission with negligence in enforcing the Truth in Securities Laws of the United States.

    The London Stock Exchange has out enforced the United States Securities and Exchange Commission and the NASD with its severe stance on naked short selling involving Room Service (LSE: RSV).

    To that end ABARC is asking stockholders and the managements of companies victimized by naked shorting to join in the planned suit as Lead Plaintiffs through an action which plans to name not only the SEC as an agency of the United States government as the key defendant in the case, but also past and present attorney’s who have worked for or represented the SEC. All told, more than 4,000 SEC registered attorneys may be called upon to tell the truth, the whole truth and nothing but the truth in the case.

    Unlike the SEC and NASD, which has electronically penned almost insignificant “small fines,” but which in general has left most of those involved in the practice alone, the LSE has simply ordered market makers involved in the scandal to give investors who did not receive shares their money back. ABARC claims that more than $100 billion has been lost in equity due to the SEC’s negligence in enforcing the Truth in Securities Laws, particularly as it relates to naked shorting.

    In the U.S., investors and companies have separately gone to court to seek shares or compensation to seek retribution for the damaging practices of offshore companies, mostly engaged in illegal money laundering for organized crime figures in New York. Some of the members of organized crime families have managed to infiltrate the SEC, the CIA, the FBI and other government agencies and have had a revolving open door to the SEC since the first bootlegging Chairman, none other than Joseph Kennedy, took office in the 1930’s.

    ABARC plans to name brokers and market makers who have been previously mentioned in U.S. actions, including E*Trade Group, Inc.; Charles Schwab; A.G. Edwards, Inc.; Citigroup; Bank of America; Deutsche Bank; Depository Trust and Clearing Corporation; FleetBoston; H. Myerson & Co.; H&R Block; TD Waterhouse Group; Ameritrade; Bear, Stearns; Credit Suisse First Boston; Deutsche Bank Securities Inc.; Donaldson, Lufkin & Jenrette Securities Corporation; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Lehman Brothers Inc.; Merrill Lynch, Pierce, Fenner & Smith; Morgan Stanley & Co. Inc.; PaineWebber Inc.; Prudential Securities Inc.; Salomon Smith Barney Inc.; SG Cowen Securities Corporation; Warburg Dillon Read in addition to dozens of other bankers and lawyers currently under investigation by the International Bank Activities Reform Commission (IBARC).

    British investors who have also invested in US stocks are not satisfied with recent actions taken by the London Stock Exchange in the Room Service action. Nigel Smith of the Room Service Shareholders' Action Group said the offer is "totally unacceptable,” and criticized the exchange for not consulting shareholders before extending the offer.

    ABARC is seeking to unite stockholders and companies under one consolidated legal action to not only seek restitution but to negate the possibility of future naked shorting actions by organized crime on both sides of the Atlantic. Some volunteers have also set up a web site called http://www.investigatethesec.com with over 1,000 persons and over a dozen victimized companies having signed petitions for the US Congress to intervene.

    The recent discoveries at Parmalat in Italy has resulted in calls by IBARC leaders for the resignations of top Italian government officials including the head of the Central Bank of Italy and its Prime Minister. Certain attorneys who worked for the SEC during the past 15 years knew or should have known about Parmalat and its phony accounting. The US SEC only recently filed a civil complaint against former Officers and Directors, once again too little too late.

    Many market makers, including Evolution Beeson Gregory, sold more shares in Room Service than existed, leaving many investors without either their funds or their certificates. The LSE told the market makers to pay investors who bought “shares” between September 25 and October 22, when trading was suspended, the price they paid for the shares plus any costs of the transactions. The British Financial Services Authority is continuing to investigate the scandal. Trading remains suspended due to what the LSE said was the size of the short positions, but the exchange said trading should begin again after the conclusion of the settlement offer.

    In an effort to cover up its negligence in the United States, the U.S. Securities and Exchange Commission has put out Regulation SHO for comment that will end January 5, 2004. Jonathan G. Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609 is also to be named in the planned class action by BARC members who join as lead plaintiffs. “The SEC should have dealt with this issue in late 80’s,” says one volunteer. “They are running 13 years behind and should have known and in fact did know about the issues soon to be addressed in the Federal Court of Claims.”

    Comments may be submitted electronically at the following E-mail address: rule-comments@sec.gov. All comment letters should refer to File No. S7-23-03. Comments submitted by e-mail should include the file number in the subject line. Comment letters received will be available for public inspection and copying in the Commission's Public Reference Room, 450 Fifth Street, NW, Washington, DC 20549. Electronically submitted comment letters will be posted on the Commission's Internet web site (http://www.sec.gov).

    Dave Patch, an investor who has been working for almost a decade to bring an end to the abusive naked short selling practices while bringing the attention of the mainstream media to the issue has called the recent proposed regulations “another failure to address how and why it is manipulative, abusive, and problematic and as such fails to drive to the root of the issue”. His comments can be reviewed at this link: http://www.sec.gov/rules/proposed/s72303/depatch110603.txt

    IBARC has been critical of the SEC's civil penalty judgment against WorldCom, which provided that WorldCom was liable for a civil penalty in the amount of $2,250,000,000. It further provided that, in the event of confirmation of a plan of reorganization of WorldCom by the Bankruptcy Court — which occurred on October 31, 2003 — WorldCom's obligation to the SEC shall be satisfied by the company's payment of $500,000,000 in cash and its transfer of common stock in the reorganized company having a value of $250,000,000, on the effective date of its plan of reorganization. Under the terms of the settlement, the funds paid and the common stock transferred by WorldCom to satisfy the SEC's judgment will be distributed to investor victims of the company's fraud, pursuant to Section 308 (Fair Funds for Investors) of the Sarbanes-Oxley Act of 2002.

    IBARC claims that the entire $2.25 billion civil penalty should be returned to investors, not just $500 million in cash and $250 million in common stock. IBARC also points out that the appointing of former SEC Chairman Richard C. Breeden, who is currently serving as WorldCom's court-appointed Corporate Monitor, to be the Distribution Agent to supervise the distribution of the SEC's civil penalty judgment against WorldCom, smacks of conflicts of interest since the SEC should have known about WorldCom’s fraud when Breeden was the Chairman of the SEC.

    Observers of the growing revelations of SEC negligence, particularly in the case of naked short sales have said that trades “do not settle” because broker-dealers do not effect buy-ins, as required by law, and that there is an unspoken understanding that any brokerage that tries to force a buy-in will be retaliated against. The SEC has failed to inform the public under the Truth in Securities laws who those brokers are despite the fact that it has records of every naked short sale in the market. “The SEC is covering up what could lead to a total collapse of the banking industry if every investment banker is forced to cover every naked short position in the market”, says one private investigator that dared not call it international conspiracy to defraud.

    ABARC has begun its campaign to contact the following companies and their stockholders to join in the suit against the SEC and the other named defendants in the class action as lead plaintiffs:

    Advanced Viral Research Corp. (OTCBB: ADVR), AdZone Research, Inc. (OTCBB: ADZR), Amazon Natural Treasures (OTC: ANTD), America's Senior Financial Services (OTCBB: AMSE), American Ammunition, Inc. (OTCBB: AAMI), AngelCiti Entertainment (OTCBB: AGLC), ATSI Communications, Inc. (OTC: ATSC), Federal Agricultural Mortgage / Farmer Mac (NYSE: AGM) Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV), American International Industries (OTCBB: AMIN), Ameri-Dream (OTC: AMDR), Adirondack Pure Springs Mt. Water Co. (OTCBB: APSW), ATSI Communications, Inc. (OTC: ATSC) Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB: BLIIV), Bentley Communications (OTCBB: BTLY), BIFS Technologies Corporation (OTCBB: BIFT), Biocurex (OTCBB: BOCX). Broadleaf Capital Partners, Inc. (OTCBB: BDLF), Chattem, Inc. (NASDAQ:CHTT), Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), CyberDigital, Inc. (OTCBB: CYBD). Diamond International Group (OTCBB: DMND), Dobson Communications Corp. (NASDAQ:DCEL), Eagle Tech Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH); Endovasc Ltd. (OTCBB: EVSC), Enviro-Energy Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC: EPTC), Environmental Solutions Worldwide, Inc. (OTCBB: ESWW), EPIXTAR Corp. (OTCBB: EPXR), eResearchTechnologies, Inc. (NASDAQ:ERES), Flight Safety Technologies (OTCBB: FLST), Freddie Mac (NYSE: FRE), FreeStar Technologies (OTCBB: FSRCE), Geotec Thermal Generators, Inc. (OTCBB: GETC), Genesis Intermedia (OTC: GENI), GeneMax Corp. (OTCBB: GMXX), Global Explorations Inc (OTC: GXXL), Global Path (OTCBB: GBPI), GloTech Industries, Inc. (OTCBB: GTHI), Green Dolphin Systems (OTCBB: GLDS), Group Management (OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), Hyperdynamics Corp. (OTCBB: HYPD), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), International Broadcasting Corporation (OTCBB: IBCS), InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Investco Corp. (OTCBB: IVCO), Lair Holdings (OTC: LAIR), Lifeline BioTechnologies Inc. (OTC: LBTT), Life Energy & Technology (OTCBB: LETH), MBIA (NYSE: MBI); MegaMania Interactive (OTC: MNIA), MetaSource Group, Inc. (OTCBB: MTSR), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), Medinah Minerals (OTC: MDMN), MSM Jewelry Corp. (OTC: MSMC), Nanopierce Technologies, Inc. (OTCBB: NPCT), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Navigator Ventures (OTC: NVGV), Orbit E-Commerce, Inc. (OTCBB: OECI), Pitts & Spitts (OTC: PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PACC), PayStar Corporation (OTC: PYST), Petrogen Corp. (OTCBB: PTGC), Pinnacle Business Management (OTC: PCBM), Premier Development & Investment, Inc. (OTCBB: PDVN), PrimeHoldings.com, Inc. (OTC: PRIM), Phlo Corporation (OTCBB: PHLC), Resourcing Solutions (OTC: RESG), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp. (OTCBB: RMECE), RTIN Holdings (OTCBB: RTNHE), Saflink Corp. (NASDAQ:SFLK), Safe Travel Care (OTCBB: SFTVV), Sedona Corp. (OTCBB: SDNA); Sionix Corp. (OTCBB: SINX), Sonoran Energy (OTCBB: SNRN), Starmax Technologies (OTC: SMXIF), Storage Suites America (OTC: SSUA), Suncomm Technologies (OTC: STEH), Sports Resorts International (NASDAQ:SPRI), Technology Logistics (OTC: TLOS), Swiss Medica, Inc. (OTCBB: SWME), Ten Stix, Inc. (OTCBB: TNTI), Tidelands Oil (OTCBB: TIDE), Titan Construction (OTC: TTCS), Trezac Corp. (OTCBB: TRZAV), Universal Express, Inc. (OTCBB: USXP), Valesc Holdings, Inc. (OTCBB: VLSHV), Vega Atlantic (OTCBB: VGAC), Viragen (AMEX: VRA), Viragen International (OTCBB: VGNI), Vista Continental Corporation, (OTCBB: VICC), Viva International (OTCBB: VIVI), Vtex Energy (OTCBB: VXENE) and Wizzard Software (OTCBB: WIZD), WorldTradeShow.com (OTC: WTSW) and Y3K Secure Enterprise Software, Inc. (OTCBB: YTHK). All American Food Group Inc (OTC: AAFGQ), Amanda Co Inc (OTC: AMNA), Antra Holdings (OTC: RECD), Aquis Communications Group Inc (OTCBB: AQUIS), Avanir Pharmaceuticals (AMEX: AVN), Bionutrics Inc (OTC: BNRX), Brilliant Digital Entertainment Inc (AMEX: BDE), Bravo! Foods International Corp. (OTCBB: BRVOE), Butler National Corp (NASDAQ: BUTL), Calypte Biomedical Corp (OTCBB: CYPT), Chemtrak Inc/DE (OTC: CMTR), Clicknsettle Com Inc (OTCBB: CLIK), Corporate Vision Inc (OTC: CVIA), Crown Laboratories Inc/DE (OTC: CLWB), Dental Medical Diagnostic Systems Inc (OTC: DMDS), Detour Media Group Inc (OTC: DTRM), Also, Digital Privacy Inc/DE (OTC: DGPV), Senior Services Inc (OTC: DISS), International Inc (OTC: DYNX), Endovasc Ltd Inc (OTCBB: EVSC), Esynch Corp/CA (OTCBB: ESYN), Focus Enhancements Inc (NASDAQ: FSCE), Frederick Brewing Co (OTC: FRBW), Greystone Digital Technology Inc (OTC: GSTN), Havana Republic Inc/FL (OTCBB: HVNR), Henley Healthcare Inc (OTC: HENL), Hollywood Media Corp (NASDAQ: HOLL), Ibiz Technology Corp (OTCBB: IBZT), Diagnostic Systems Inc/FL (OTCBB: IMDS), Imaging Technologies (OTCBB: IMTO), Integrated Surgical Systems Inc (OTCBB: RDOC), Interferon Sciences Inc (OTC: IFSC), Interiors Inc (OTC: ITRNA), Laminaire Corp (OTC: THMZ), Medisys Technologies Inc (OTC: SCEP), Milestone Scientific Inc/NJ (AMEX: MS), Nevada Manhattan Group Inc (OTC: NVMH), Innovations Inc (OTCBB: NTGE), Systems Group (OTC: OSYM), Pacific Systems Control Technology Inc (OTCBB: PFSY), Professional Transportation Group Ltd Inc (OTC: TRUC), Rnethealth Inc (OTC: RNTT) Sand Technology Inc (NASDAQ: SNDT), Sedona Corp (OTCBB: SDNA), Silverado Foods Inc (OTC: SVFO), Stockgroup Information Systems (OTCBB: SWEB) Surgilight Inc (OTC: SRGL), Tasty Fries Inc (OTCBB: TFRY), Tech Laboratories Inc (OTCBB: TCHL), Teltran International Group Ltd (OTC: TLTG), Titan Motorcycle Co of America Inc (OTC: TMOTQ), Trans Energy Inc (OTCBB: TSRG), Motorcycle Co (OTC: UMCC), Universal Communication Systems Inc (OTCBB: UCSY), Medical Systems Inc (OTC: UMSI), Vianet Technologies Inc (OTC: VNTK),Viragen Inc (AMEX: VRA), Webcatalyst Inc (OTC: WBCL), Worldwide Wireless Networks Inc (OTCBB: WWWNQ), and ZAP (OTCBB: ZAPZ).

    Ongoing investigations by IBARC in New York, Liechtenstein, the British Virgin Islands, Grand Cayman Islands, Isle of Man, United Kingdom, Italy, Panama, and Switzerland into such funds as Laurus Master Fund Ltd., The Keshet Fund L.P., Keshet L.P., Nesher Ltd., Talbiya B. Investments Ltd., Esquire Trade & Finance Inc., Amro International and dozens of others are turning up initial evidence related to about two hundred companies in the United States whose stockholders have lost over $100 billion in value over the past decade through toxic financing schemes arranged by various organized crime syndicates managed out of New York City.

    The first Bank Activities Reform Commission was started in 1993 in Portland, Oregon by a group of disgruntled homeless people who had lost their economic means due to inflation, abusive banking practices, and corruption in the global financial system.

    After ten years of research and development, the group has grown international in scope and has gathered sufficient evidence on many different fronts that it believes will support the radical reform of the entire banking establishment in the United States making it far more transparent than as currently exists.

    The long-range goal of the International Bank Activities Reform Commission is to put ethics in on the global financial system. The effects of its work are beginning to be felt around the world as more volunteers blow the whistle on corruption at the highest levels of various governments on the planet.

    Persons and companies with knowledge of illegal naked short selling, government corruption, or who wish to join in the class action may post their case and contact information at the following web site:

    http://pub32.ezboard.com/binternationalbankactivitiesreformcommissionwhistleblowerscommunity
    ###

    Disclosure: I am short BAC.

    Additional disclosure: The Infinite Freedom Foundations of Earth International have hereby publicly advised Soros Fund Management of the Caymen Islands to short another Five Billion Shares of BAC and donate half the profits to the Infinite Freedom Foundation of King County, Will P. Wilson, President.

    Oct 28 3:29 PM | Link | 2 Comments
  • Is HEMP Inc. Worth More Than A Dollar A Share At Some Point In The Future?

    Is HEMP.PK an undervalued penny stock which is trading on the Pink Sheets in the Over the Counter Market? Formerly Marijuana Inc., it recently changed its name after filing some 169 pages of documents with the SEC and FINRA.

    For the past three years Alex S. Gabor & Associates, Investment Advisors to various wealthy investors in Canada and New York City, has been looking into two companies which were once owned and controlled by the same man, Bruce Perlowin of Las Vegas and San Franscisco fame and fortune gained from the fine art of smuggling.

    According to Perlowin, "Im hanging on to my MJNA shares and only selling small amounts in a rising market." Perlowin claims he owns 25 million shares of MJNA and a majority super voting interest in HEMP Inc. which owns and operates an increasing number of domain names including Hemp.Com.

    When I watched the review on CNBC of Bruce Perlowin's life I did not see mention of the fact that despite having spent nine years in jail for smuggling what is now approved in more than 20 states, medical marijuana, currently the largest cash crop in America, there is no discussion of what Bruce is up to now with his controlling interest in HEMP.PK.

    MARIJUANA, INC. Changes Its Name To Hemp, Inc.

    Sometimes just trying to invest in "pennies" can be confusing, and if you don't know what you are doing you can get in a lot of trouble with the SEC.

    I first researched and invested in Penny Stocks while living in Washington D.C. closely connected to the most powerful political people in the international industrial hemp market, but I had not found a single company engaged in the research or development of a commercial market for HEMP, at least not domiciled in the United States.

    I was approached by a group in New Jersey who wanted me to buy up large blocks of shares in a company they were promoting. They were so desperate for new blood as stockholders they were willing to give me 40,000 free trading shares, which were trading at .70.

    Within days of my "buying spree" the price dropped to below .35 at which point I decided to get out completely, which fortunately for me, broke me even, including the shares the promoters had given me.

    Since then, I have learned that it is better to deal with the Board and CEO of a company before investing any large sums into it, but that the Securities Attorney who helps handle the transaction is almost as important to a large block trade as the price of the deal itself.

    My second foray into taking large postions in a publicly traded penny stock company got me into trouble for failing to disclose that I owned close to 5% of the company, although the Securities Attorney for the company cleared all five press releases announcing various funding mechanisms which had been put in place, but subsequently blown out of the water by SEC Attorneys who were more than exuberant to go after small businessmen trying to raise capital, but were reluctant to tackle the fraud giants in the banking industry at the time.

    To date the SEC Attorneys and investigators are still negligent in many respects when it comes to dealing with the five trillion dollar ongoing mortgage fraud in America, but I digress from HEMP.

    Because of the above incident I am barred from trading in Penny Stocks for life, and further barred from being on the board of any publicly traded company, but I have not been barred from my constitutional right to buy a whole company and take it private, or take large positions in companies and donate them to non profit organizations whose cause is total freedom! Such it is for the Infinite Freedom Foundations.

    My last foray into the banking industry caused two bank stocks to skyrocket when I hadn't even owned a single share. I was only thinking of and announcing publicly my intent to acquire controlling shares in two formerly troubled Washington State Banks. One of them went out of business and the other currently trades at $25.00 per share.

    I was then publicly slammed hard by a Tacoma News Tribune writer who is now being sued by my supportive network of organizations for defamation, slander and libel. Hearst has always been on my short list ever since the internet boom, anyway so why not add one of their subsidiaries to the international bank activities reform commissions hit list of corrupt corporations operating in America.

    So, to make a longer story shorter and not bore the reader who probably is looking for sizzle and steak, or having their cake and eating it too, yesterday I spoke with Bruce Perlowin, the CEO of HEMP, Inc. and agreed to meet with him in Seattle to discuss buying a large stake in the company and helping the company organize a national lobbying effort to make the planting, farming, growing and distribution of Industrial HEMP legal in America. and there are many professional people who think that Obama and Congress are ready to repeal any laws which make medical marijuana illegal in any state of the Union.

    If that happens then I think companies like HEMP will be worth more than a dollar a share, provided they continue to expand their products and services to the medical public that desperately needs to medicate themselves away from their pain and suffering.

    I'll keep all my followers posted on the progress of my talks.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

    Additional disclosure: Alex S. Gabor & Associates Investment Advisors is in talks to acquire a large stake of HEMP.PK for an undisclosed price on behalf of the Infinite Freedom Foundations. A meeting during HEMPFEST in Seattle has been confirmed to have occured on August 18th,2012.

    Tags: long-ideas
    Oct 25 2:11 PM | Link | 11 Comments
  • Hemp Inc. And Medical Marijuana Inc Targets Of Investigations By Billionaire Investors

    Hemp Inc. HEMP.PK Rejects Bid For 90 Million Shares And 25 Million Shares Of MJNA

    Recently the attorney for Hemp Inc, which trades under the symbol HEMP.PK rejected any notion that a private foundation could enter into a three way agreement with the company to buy 90 million shares at a dollar per share and 25 Million Shares of MJNA held by Bruce Perlowin at an undetermined price.

    Bill Aul, in an email to a client of Alex S. Gabor and Associates, who have been negotiating the purchase on behalf of the Gabor S. Acs Estate, flat out refused to participate in any negotiations because personnel that had contacted him were not "of legal counsel".

    Aul seems to think that one must be an attorney to negotiate the purchase of large blocks of shares in order to help a company raise its profile and inject large amounts of capital into the fledgling US Hemp Market which is exploding uncontrollably according to sources who work closely with the Feds.

    It is surprising that the Feds (DEA, CIA, FDA, and SS) have not yet cracked down on MJNA and HEMP both, since Bruce Perlowin, a formerly convicted felon like Acs, who has also filed bankruptcy three times in his illustrious path to trillionairehood, was a proud smuggler of $50 million a week in illegal marijuana and went to jail for more than a decade for it.

    The company, through its attorney Bill Aul, has put out false and misleading information but it has not made any public filings of its financial statements recently nor does it appear that the SEC is looking into the company yet.

    No matter, they are still asleep at the wheel when it comes to FNMA, FRE, and BAC, so this company may not appear on anyone's major radar screens until George Soros gets involved, if at all.

    According to the company's latest prospectus and investor information sheets, Hemp Inc. formerly known as Marijuana Inc. has "developed 9 proprietary cutting edge nutraceutical products designed to, among other things, improve concentration, increase awareness, increase energy, improve joint flexibility, improve overall wellness, and to supply high quality hemp and blue-green algae protein. The market testing of these products began in December of 2011."

    Unfortunately only two of these products were seen at the recent Hempfest in Seattle last August by our investment advisory research staff who attended the affair, neither of which were approved by the FDA.

    Perlowin, who says he writes all the companies press releases and doesn't need to clear them with legal counsel because that would cost more than the $1.8 million he says he already invested in the company that he and his ex russian convicted of espionage spy wife took over together by swapping development technology for super majority voting shares.

    He says he "completed the research and development phase of 7 proprietary skin care products for both men and women and will be market testing the products beginning in the second quarter of 2012".

    It is now going into the final two months of 2012 but no information has been made available by the company to update investors on the status of these proprietary skin care products.

    Recently, Will P. Wilson, President of the Infinite Freedom Foundation, which has been negotiating for the purchase of the shares on behalf of a joint venture between the China Foundation and potentially the Soros Institute and Film Fund, has produced an exclusive video of Perlowin and Company, but copies of it have not yet been authorized for release by the Foundations.

    MarijuanaInc.tv has also begun producing video content available in high definition over the internet. According to Perlowin, "this content will be used to increase the interest of the target market (Medical Marijuana users)in order to draw people to the social network, Eco Harmony, and to share meaningful products and services which will be more compelling with the loyalty program."

    Perlowin writes that, "The Company is preparing to go beyond R&D and will need additional funds to implement the next phase of operations."

    If that be the case, then why would the company attorney, Bill Aul of San Diego, who is a registered securities attorney, turn down an offer of $90 million for the Hemp shares currently owned and controlled by a former convicted Russian spy who is, according to Perlowin, "a vodkaholic who does no good for the company or its image?

    Perlowin owns 25 million shares of MJNA according to him, which he intends to sell into the rising market during this election season. Perhaps that is why MJNA cannot break out of its nickel a share range.

    Sources close to the negotiations say that Bill Aul is a deal killer and either Perlowin should get a different securities lawyer and/or rid himself of his conflicts of interest.

    MJNA and HEMP, despite all misleading information to the contrary, are competitors in the same industry, and if the conflicts of interest are not obvious, one should not attempt to invest in either company at this time.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

    Oct 25 1:56 PM | Link | 5 Comments
Full index of posts »
Latest Followers

StockTalks

  • BRK.A short another million shares.
    May 2, 2013
  • BANR: Keep buying until you see the red in their eyes.
    May 2, 2013
  • C sell short a billion shares from Cayman Islands
    May 2, 2013
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.