(For a lot of you, this kind of corruption is unimaginable and you can’t understand half of my points…I’m done explaining basics, I’ve moved on…catch up with my many instructional DVD packages and become a TIMalert subscriber.
I’ll start off by reminding everyone I love stock promoters–for their unending greed, stupidity and predictability–and I do not want to shut them down. I do take offense when they pretend to be knowledgeable and real and especially when they are so incompetent, their pump & dumps aren’t even worth buying or shorting.
Yes, we must get rid of these fleas and usher in a new era of smarter, more competent, less BS stock promoters (ie instead of making pie in the sky predictions that often lead to court cases and SEC investigations, why not say “I was just paid $100,000 to pump this piece of crap stock and I think others will too…when I met with the other promoters for our Tuesday night bowling league, they send they would spam their people on Friday so I’m telling you this on Thursday as I think it’s a good time to buy right now…yes, I know this might get me kicked out of the bowling league, but bowling sucks anyway)
And, like FOX News’ Charles Payne who is competent, but pretends to offer real financial advice, using his TV spotlight to misinform millions of suckers who mistakenly believe FOX does background checks on their commentators, maybe recognizing that Charles Payne has been rebuked by the SEC for blatant stock promotion so maybe he’s not the best guy to put on TV you friggin moron TV producers, somebody please send them THIS post and help make the world slightly better), CollegeStock.com (whose incompetence knows no bounds and makes him unwrothy of any linking…even other stock promoters I’ve talked to say he rips them off) and whose newsletter is rated petty lowly on Investimonials.com (I’d be wary of the positive reviews, being involved in stock promotion means you have the ethics of a Tiger Woods madam) must be weeded out because he gives stock promotion a bad name.
The Vancouver Sun is out with another great article about pump & dump called Lux Energy Corp. (LUXE) owned by some Canadian scumbag Shane Broesky who was voted “Edmonton’s most eligible bachelor”…disgusting how these rodents can BS their way through life and try to avoid the extermination they do desperately deserve:
‘Swoon worthy’ promoter pumps penny-stock dog
BY DAVID BAINES, VANCOUVER SUN
In May last year, the Edmonton Journal dubbed Shane Broesky “Edmonton’s most eligible bachelor” after he had been voted one of Canada’s top singles on Lavalife, an online dating service.
“Shane Broesky, 24, is dark-haired, blue-eyed and a self-professed family man. In the winter, he hits the slopes with his snowboard; when the weather gets warmer, it’s the golf course. If he were to take you out on a date, it would be action-packed–maybe a concert, or even a trip to the zoo,” the newspaper reported in an article entitled ’swoon worthy.’
“And one of his favourite things to do in his free time is to hang out with his Labrador retriever puppy Lux. ‘I absolutely love him, he means the world to me,’ ” he was quoted as saying.
The newspaper thought this was very cute: “All together now. A www,” it gushed.
Lux is also the name Broesky gave to a made-in-Vancouver bulletin board shell company that he purchased for $50,000 in May this year. But this story is not quite as cute.
The company, originally called Onyx China Inc., was one of a stable of companies that have been foisted onto the market by a cabal of Russian stock players who live in Vancouver, or are closely connected to Vancouver.
These companies generally have ridiculous business plans, no track record, no revenues, negligible assets and management that is remarkably unqualified.
The true purpose is to create a publicly traded shell company that is tightly controlled by the insiders, making them perfect vehicles for future stock promotions and manipulations. Onyx, now controlled by Broesky, follows this pattern.
According to a registration statement filed with the U.S. Securities and Exchange Commission in February 2008, Onyx was based in Angarsk, Russia.
Its stated goal was “to serve the needs of North American porcelain and tea lovers” by selling Russian porcelain to North American consumers.
The company had no track record and its total assets were only $30,667, all cash raised from the sale of millions of seed shares at prices ranging from $0.02 to $0.002 each.
Those shares were sold to Dmitry Lyakutin, the company’s president, plus 29 other shareholders. Lyakutin’s address was given as 310A-92 Street, Irkutsk.
A year earlier — in February 2007 — Lyakutin was listed as a seed shareholder of another made-in-Vancouver Russian bulletin board deal called Tag Events Corp., which planned to organize music events at local Vancouver nightclubs.
At that time, Lyakutin’s address was given as 206-128 8th Avenue West in North Vancouver. His wife, Elena Dannikova, was also listed as a seed shareholder at the same address.
Tag had 26 other seed shareholders, most with Russian names. They included Elena Avdasseva, who is married to Artiom Balykin, Tag’s president.
Tag’s registration statement listed Avdasseva’s address as 704-1155 Beach Ave., the same address used by Russian promoter Sergei Stetsenko.
Stetsenko was born in the U.S.S.R. and claimed to have worked as a bodyguard for senior Soviet military officers. He first appeared on Howe Street in the early 1990s. Since then, he has floated numerous stock deals on the bulletin board that have ended badly for investors.
He now lives in Zurich and his name rarely appears in disclosure documents, but there are numerous signs he is still active in the Vancouver market, working through nominees.
Until recently, Avdasseva worked as a broker at Global Securities, more specifically as an assistant to a broker named Scott Lower.
In December 2005, Avdasseva and Lower, along with Howe Street promoter Aarif Jamani, were listed as seed shareholders in another made-in-Vancouver bulletin board deal called Novori Inc.
In October 2008, Vancouver police implicated Lower and Jamani in an undercover stock bribery case involving several stocks, including Novori. No charges have been laid, but both Avdasseva and Lower are no longer working at Global or in the brokerage industry.
What has this got to do with Broesky? Broesky is president of a private Edmonton company called Choice Capital Investments Ltd., which offers fractional interests in oil and gas wells, including the West Central Alberta A&B wells, located in Bigoray, Alta.
“These two wells are capped re-completion wells in an area with proven production records and our investors are able to participate in a 42% interest in this project. These wells have been projected to produce approximately 570 mcf of Natural Gas per day,” Choice’s website states.
Interestingly, another made-in-Vancouver bulletin board company, Equinox International Inc., held a fractional interest in the same wells when it filed a registration statement with the SEC in April this year. Even more interestingly, Equinox’s president was Dannikova.
The oil and gas investment was simply a pretense for going public. By August this year, it had generated only $341 in total revenues. Clearly, this shell was created for an ulterior purpose.
Sure enough, that same month, Dannikova announced Equinox would take aU-turn and sell out to a U.S. biomedical company called Biostem US Inc. This deal, which is still in the works, is infinitely more promotable than the wells, and the new promoters will no doubt take advantage of Equinox’s tight share structure to boost the stock price.
Meanwhile, in February 2008, Dannikova’s husband, Dmitry Lyakutin, filed a registration statement for Onyx China on the pretense that it would export Russian porcelain to North America. The business was predictably a non-starter: It produced zero revenues.
In August this year, Broesky acquired control of Onyx from Lyakutin and renamed it Lux Energy Corp., after his dog. (All together now: A wwww.)
He then arranged for Lux to purchase several oil and gas interests from his private company, Choice Capital, including the same West Central A & B wells that figured so uneventfully in Dannikova’s Equinox International.
The company has not yet reported any revenues, but the stock has done well thanks to some heavy promotion. On Nov. 10, for example, College-Stock.comdeclared:
“Yesterday, $LUXE closed at $1.10, up 34 per cent since The Dean’s Honors Class learned about this virgin oil and gas pick. The Dean believes $LUXE could continue stacking profits today.”
Lux has yet to report any revenues and the stock has since slumped to 20 cents. The Dean, however, received $20,000 for touting the stock. In nearly all respects, this looks like another classic pump and dump facilitated by the Howe Street Russians. Broesky did not return numerous telephone messages.
dbaines@vancouversun.com
Tags: Charles Payne Stock Promoter, CollegeStock.com, Vancouver Sun, Vancouver Sun Pump & Dump Bust
