CHATROOM

Dow Jones Newswire Blasts This Penny Stock 2 Weeks After Me, Discloses Juicy Criminal Backgrounds

Watch these 7 free video lessons on how I became a millionaire

Last time I beat Dow Jones Newswire reporter Carol S. Remond to the story of a pump & dump by one week, this time it’s two weeks–hey Carol, you can send half your paycheck to me as a thank you for giving you all your story ideas! contact me HERE and I’ll send you my address…seriously.

(It’s okay, save your meager paycheck, TIMalert subscribers and I made $45,000+ short selling this OBVIOUS penny stock pump.)

Aight, enough bragging, let’s get to this case:

In response to my initial post two weeks ago detailing how I believed AENY to be a blatant pump & dump due to a $700,000 promotional mailer pushing up the stock price, Americas Energy Company (AENY) co-CEO Chris Headrick allegedly posted this message to me the other day.

I’ll repost the important part:

I thought it might be of benefit for all of you spouting off about our company to recognize a couple of facts:

If you post false or misleading statements that cause our company and it’s investors harm, we will pursue all available legal remedies to stop you!

We are NOT a PUMP and DUMP company, we are producing coal and oil, purchasing the facilities and property we need to continue to grow value in our company. NONE of our Executive team has sold as much as one share of stock in this company, we are ALL in for the long run.

If you disagree with something we as a company might do, or have suggestions on improving our operations, we encourage you to participate in these boards… if you are here only to disparage our company and cause us financial harm, be prepared for the consequences.

As to the BCSC Cease Trade order please visit our website tomorrow afternoon for updated news!
www.americasenergycompany.com

Regards,
Chris Headrick
President & Co-CEO of Americas Energy Company

In response to that posting I wrote (but was never answered):

Interesting, what are your dealings with Bistro Ltd. who paid six figures to blast out advertisements about your company? You understand that there are multiple email advertisements being sent out about AENY and even a harcopy mailer…only the most nefarious companies partake in such promotion…in order words, these ads serve to promote, or “pump” up the stock price (which has happened) and dumping is not necessarily executives, but when a company raises funds at such pumped up prices…I can rattle off a hundred tickers to educate you as they all have the same kind of chart and situation as you.

I’d love an answer to my question, but I’m guessing you’re just gonna play dumb…I remember KYUS even put out a press release saying they had become aware that there was suspicious promotion on their stock….LOL, they too hard a hardcopy mailer but paid more than Bistro Ltd.

I’m excited for your answer!

Tim

Late this afternoon Carol Remond of the Dow Jones Newswire made Headrick’s alleged message board posting the laughable farce that it is. I am currently not short this stock, but TIMalert subscribers and I did profit $45,000 a few days back and this stock, which is hard-to-borrow is an OBVIOUS potential short again.

Read and learn, take it away Late-But-More-Thorough Carol:

=DJ IN THE MONEY: Shareholder Bankrolls Americas Energy Promotion

By Carol S. Remond
A DOW JONES NEWSWIRES COLUMN

A large shareholder is paying big money to promote the stock of
Americas Energy Co. (AENY), a corporate shell in the process of
merging with a mining entity based in Knoxville, Tenn.

Bistro Ltd. paid $700,000 to bankroll a mailer by the Intelligent
Investor Report to invite investors to take a close look at the
company.

The newsletter’s publisher, Jarret Wollstein, doesn’t mince words:
“AENY is on its way to $20 a share. That puts you on a 1,333% growth
track for every dollar you put in AENY today,” he recently told his
readers.

The Intelligent Investor started promoting Americas Energy last year
shortly after the Vancouver shell company, then known as Trend
Technology Corp., said it was merging with an energy outfit based in
Tennessee. About the same time, trading in the company stock, which
had been dormant, spiked. According to a disclaimer, Bistro owns 1
million shares of the company.

Americas Energy’s stock was recently trading at $4.83 a share, up
8.8%, even though the merger has yet to close. The stock was worth
about 40 cents prior to the merger announcement.

Chris Headrick, president of the mining company looking to go public
through its merger with Trend, says he has no idea who is behind
Bistro.

Asked why there is virtually no signs of the existence of his
private company, dubbed Americas Energy Company Inc., before its
announced merger with Trend, Headrick said it’s a six-year-old
partnership which incorporated in Nevada last year after it acquired
assets.

Headrick, like other company officers listed on the Nevada
incorporation document, appears to have a background in real estate,
not mining. That document lists Jimmy A. Dunn Jr., a former mortgage
broker, as treasurer and director. Dunn last year pleaded guilty to
federal tax evasion. Dunn, who is quoted as vice president of oil and
gas in an October 2009 press release, could receive a sentence of up
to five years imprisonment and a $250,000 fine. But Headrick says he
doesn’t believe Dunn will do any jail time since he has been
cooperating with the government. Dunn wasn’t available to comment.
Headrick wasn’t available to comment on a cease trade order against
Americas Energy in British Colombia.

Andrew Richardson, deputy director of corporate finance at BC
Commission Securities, said Tuesday that the order prevents brokers in
British Colombia from trading Americas Energy stock and prevents BC
residents from selling the stock. The order was put in place in
October 2009 because Americas Energy’s accounting firm isn’t
registered with the Canadian Public Accountability Board.
Meanwhile, it’s unclear who owns Americas Energy’s stock beyond
Bistro’s 1 million shares.

According to an ownership form filed with the Securities and
Exchange Commission on Jan. 6, BC resident Leonard MacMillan, the
chief executive of the Vancouver shell in which Americas Energy
Company Inc. is merging, acquired 20,000 shares in mid-December,
bringing his total ownership to 31,200 shares.

So who owns the 20.5 million shares outstanding listed on Americas
Energy’s most recent quarterly filing with the SEC in November?

MacMillan couldn’t be reached for comment. The address listed on his
ownership filing belongs to real estate investment company Banyan
Holdings Co. Cecio Li, president of Banyan, says he never heard of
Trend, Americas Energy or MacMillan and has no idea why someone would
used his address.

(Carol S. Remond, a special writer on the In The Money team, is an
award-winning columnist who won a Gerald Loeb Award in 2005 for best
news service content with “Exposing Small-Cap fraud,” a series of
articles that described how three small companies unscrupulously
pumped up their stocks. She can be reached at 303-997-5783 or by
e-mail: carol.remond@dowjones.com)

(TALK BACK: We invite readers to send us comments on this or other
financial news topics. Please email us at

TalkbackAmericas@dowjones.com. Readers should include their full
names, work or home addresses and telephone numbers for verification
purposes. We reserve the right to edit and publish your comments along
with your name; we reserve the right not to publish reader comments.)

Click here to go to Dow Jones NewsPlus, a web front page of today’s
most important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=2MNKiIBSHvRJ7a16FAlEKA%3D%3D. You
can use this link on the day this article is published and the
following day.

(END) Dow Jones Newswires
01-13-10 1531ET
Copyright (c) 2010 Dow Jones & Company, Inc.
- – 03 31 PM EST 01-13-10

Posted in Manipulation

  • Tim

    FYI- Read deep capture you putz, Carol has been doing hatchet jobs for a loooong time. She holds no water with anyone who knows what they are doing in the investment community.

  • Gunnerhutch

    penny stocks 90% crooks pump dump  r/s  r/s  r/s   and they get away with it 2 go to jail 2,000 keep on pumping and dumping. is there no end to this.