It feels like a lifetime ago, but as PennyStocking Silver subscribers and TIMalert subscribers know starting back in March 2010, I wrote a series of blog posts about a hugely questionable company called Mesa Energy Holdings, Inc. (MSEH):
10 Reasons Why Mesa Energy Holdings, Inc. (MSEH) Will Drop 50%+
How We Made $12,500 shorting MSEH
And the company took a page out of the playbook of pump-and-dump-look-a-like NXT Nutritionals Holdings Inc (NXTH) who famously hired Shaquille O’Neal to promote their “brand” (as I exposed NXTH for the carcass shill of a company its always been, Shaq’s lawyers sent me a cease and desist letter, see my lawyer’s fantastic reply and understand why we never heard from Shaq again 
) when they hired former NY Governor George Pataki to their board to gain some credibility…The NY Observer even wrote about it…and MSEH’s CEO Randy M. Griffin was featured HERE and HERE bullishly-yet-amazingly-extraordinarily-naively by the penny-stock ignorant folk at TheStreet.com, even went so far as to publicly lambast me in an SEC filing saying
The Company has recently been made aware of certain articles published by Timothy Sykes regarding the Company, its operations, its Board of Directors and its Advisory Board. The Company has no relationship with Timothy Sykes or anyone affiliated with him or his publications, past or present, and Mr. Griffin has not been interviewed by Timothy Sykes, or any other person or entity to prepare such articles. The Company’s shareholders, together with prospective investors and all persons looking to learn about the Company, its prospects, and its present and proposed operations, should not rely on such persons, publications or articles.
…which I found rather ironic considering my main argument dealt with their horrific SEC filings & the paid-for- propaganda trash that some shareoholder was spewing out and as it turned out ShareSleuth exposed MSEH insiders for cashing out 6 million shares during the pump, a minimum $12+ million reaped as I wrote about in the post The $714,106 Penny Stock Mailer Whose Insiders Apparently Sold 6+ Million Shares
I made such a big stink that I was one of the main characters in The Dallas Morning News’ feature on Mesa Energy with the CEO Randy M. Griffin playing dumber than usual “”When people call me up and ask what’s going on with our stock, I tell them I really don’t know,” he said. “We’ve got a viable company here, and we’re going to keep on doing what we’re doing.”
At the time, MSEH was only down 55% from its high, making my 50% drop prediction come true rather nicely…but even I was too conservative in my estimates.
But like every single other paid-for penny stock pump and dump (yeah that’s right Randy Griffin CEO–you’re either too ignorant…like TheStreet.com to understand the game (remember I tried warning you, but you put out an untrue SEC filing about me) or you’re as corrupt as everyone else (dumb or evil, I don’t care, either way you’re a typical penny stock CEO, you’d get along well with dunce-of-the-year Jim Van Meerten)), MSEH faded away into oblivion:
…as dozens of bagholders sent me emails and IMs asking if there was anything they could do now that they stupidly believed in this company former Governor Pataki and I replied, no they were screwed, they could only join my 4 newsletters or watch any of my 10 instructional DVD packages to watch me illustrate their plight and learn to avoid it the next time.
So it was quite a surprise to see MSEH’s August 13th SEC filing stating that since May 5th, 2010 they had been under SEC investigation:
Mesa Energy Holdings, Inc. (the “Company”) has learned that on May 5, 2010 the Securities and Exchange Commission (the “SEC”) initiated a formal order investigation captioned In the Matter of Mesa Energy Holdings, Inc. The investigation is being conducted by the SEC’s Fort Worth office and appears to address (a) whether false or misleading statements were made by Mesquite Mining Inc., the Company’s predecessor, and (b) whether the Company or Mesquite Mining Inc. has made any improper sales of unregistered securities.
Company management is confident that no improper sales of unregistered securities were made by current officers, directors or employees of the Company or its subsidiaries. The Company is cooperating with the SEC staff.
Which is more interesting–the fact that it took them 3 months to report the SEC investigation or that as denoted by MSEH’s very own April 9th SEC filing denouncing me, I beat the SEC to the punch by nearly a month?
There are those who would have been burned at the stake for my exposes (stock promoters & their drug dealers) while some would like to award me the key to the city (anybody who I’ve ever saved from one of these schemes), but all I want to do is teach more people…many, many, many more people.
There is no reason for any educated person with access to the internet in the entire world to be burned by such unethical, evil and most importantly not-very-bright criminals.
Criminals is an interesting word; as of yet there haven’t been any charges brought against those at MSEH or the previous company, but I’m gonna go out on a limb and say they all did something wrong…I’ve posted the pump and dump evidence several times and ShareSleuth’s investigation is wide-ranging and deserves a thorough examination and while a conviction in the pump and dump court of www.timothysykes.com might not mean much in the real world, everyone involved with these scumbags is guilty in one way or another because thanks to their actions, whether inadvertent or not, idiots and poor people got hurt….and those fools now blame penny stocks for their suffering while they should just be blaming TheStreet.com, the stock promoters (perhaps an angry MSEH shareholder took out Jarret Wolsltein and buried him next to Jimmy Hoffa, hence his disappearance?), the CEO Randy M. Griffin–again, either for his lack of due diligence or his solid acting pretending he doesn’t know how the game works, all the way down the line to former Governor George Pataki, as this is his second penny stock/SEC bust aka the man has sold out his name and credibility for a few bucks….a sad but true example of the average American politician.
Ranting aside, I’m taking suggestions as to what I can do for the next time so I don’t have to write half a dozen articles trying to expose a pump and dump, only to go up against former Governors, TheStreet.com and be publicly lashed in SEC filings…please do leave suggestions below–I’m tired of writing these “look this is what’s gonna happen” followed by tons of hate mail, followed by lots of “I’m sorry I ever doubted you” mail followed by summary posts like this…there has to be an easier way to get through to you people, please let me know what I can do besides promoting my 10 instructional DVD packages which include lessons on all of this!
Posted in Penny Stock Scandals, SEC, Stock Promoters