I can’t even make this stuff up…roughly a week after I exposed Options Media Group Holdings, Inc. (OPMG) for the near penniless wannabe company it is and how pop singer Justin Bieber, for no rational reason and all basic due diligence aside, signed a deal to own 16% of the Weekend-At-Bernie’s-like carcass of a company, new developments have caused this to become frontpage MSN Money material…the gossip sites probly aren’t far behind (although until now Bieber’s track record has been spotless so I’m sure they’re not too thrilled to expose the ugly facts here)
These new MSN Money article and Business Insider articles basically highlight my blog post and a new, perhaps more important blog post from a Palm Beach newspaper that did more digging than I did and discovered the creator of this no-texting-while-driving-app is a convicted felon! And he’s not the greatest at being interviewed either:
As they write:
But the Pulp has learned that the company Bieber partnered with doesn’t share his rosy public persona. The man who created the software has a criminal record that includes being part of a stolen-car ring, according to documents. And analysts have questioned the finances of Options Media, which had almost no money in the bank and a reported $10 million in losses.
Anthony Sasso, creator of PhoneGuard, said his racketeering conviction is in the past, and he downplayed his role in the car-theft ring. “I’m a convicted felon,” he said from the company’s Boca office. “What else?”
Sasso said he owned a home and car audio installation company in 2004 and was approached by a former customer who needed a bill of sale from a past purchase after his car had been stolen. “All of a sudden, the feds swoop in and say I’m part of this ring,” Sasso said.
That account differs from the one told by a task force of investigators from around South Florida and the state of Indiana. Investigators who worked on “Operation Money Car” claim Sasso was part of a conspiracy to sell stolen and “insurance give-up” cars on used-car lots using bogus vehicle identification numbers and forged documents.
Sasso says his limited involvement in the case meant he was given just two years’ probation while the others convicted in the deal received jail time. The detailed court records were not available from the Broward County courthouse.
As of Monday, Sasso was listed in PhoneGuard’s annual report as the company’s president, and a man who answered the phone at the company and identified himself as a spokesman confirmed that.
However, when Options Media CEO Scott Frohman learned from the Pulp on Monday about Sasso’s criminal record, he said he asked Sasso to resign. Sasso will also no longer have voting rights as a stockholder and will have no relationship with the company, Frohman said.
To Eric Barton, the author of that fine investigative blog post I say good work…I shoulda woulda coulda caught this hugely important piece of information as after all this company is based in Boca which is basically the Vancouver of America in terms of questionable companies. But to my credit, the company didn’t even know about the conviction as you can read OPMG’s CEO was just informed…allegedly…by the newspaper.
OK, so OPMG is even more questionable now, big surprise, right?
Well, here’s where it gets even more interesting…EXACTLY as I said I would in my initial research post (yup, read the last 2 paragraphs), I actually bought the technical breakout in OPMG above .045 as I wrote in my trade alert to subscribers of my 4 :
: bought 200k OPMG on the breakout at .048, risking roughly $10k, goal is to make $5-10k on Bieber hype, conference call on Wednesday, message board idiots should hype this nicely into that event
Yes, yes, I buy bad companies (remember I made my first million BUYING technical breakouts) just as I short them and as I wrote I would NEVER short a 4 cent stock…unfortunately I was long overnight when this felony article came out premarket around 6:25am EST, but nobody really saw this random blog post until this article of their hit the newswires at 9:37am EST and people began forwarding it to me at roughly 10:30am est.
By that time, the breakout had failed and I had exited for small profits, doing these multiple video lessons explaining why I exited the stock.
For the first 20 minutes of the market open today I actually gave it some time to breakout — blissfully unaware of the felony article — and made $880…and when people began forwarding me this new felony article, guess what, I warned my subscribers as I knew many of them don’t like playing it safe and exiting as quick as I do.
Several subscribers also profited from the near perfect technical breakout
…but apparently a few subscribers of my 4and tons of message board idiots/promoters began blaming me for the felony expose and OPMG’s dropping price late in the day today.
After all, I was the one who exposed OPMG’s near-cashless situation in the first place and I was quoted in this new article, so I had something to do with what happened today, right?
No different from the Spongetech Delivery Systems, Inc. (SPNGQ) pump, my initial blog posts were quoted in followup articles by the NY Post when they did their deep investigative reporting on the company and discovered fake lawyers and that 99% of sales were fake too…SpongeTech tried suing The NY Post and me arguing that we collaborated on a “short & distort scheme”, but they never served me, insiders just plead guilty and I had never been in contact with The NY Post during their research…they simply quoted my blog…just like this Florida blog, MSN and Business Insider have now done…the last memory of SpongeTech is this hilarious video I highlighted the other day
Same here, I have NEVER talked with this FL newspaper blogger nor had any idea he was writing a story that would unearth such revelations…anyone who thinks or says that I did something to screw over my subscribers will be met with the harshness of my immature rebuttals to such nonsense.
SO TO THE MORONS EMAILING ME, REALIZE I WAS LONG THE STOCK OVERNIGHT, WHY IN THE WORLD — GIVEN THAT I’M NOT A STOCK PROMOTER WHO SCREWS THEIR OWN SUBSCRIBERS SINCE THEY GET PAID BY COMPANIES AND SHAREHOLDERS — WOULD I WANT THIS STOCK TO DROP WHEN I’M LONG???????
Wanna see what I’m talking about, check out this email:
You ruined me. I had a big majority of my savings invested in OPMG, and I lost a big chunk of it. I wasn’t looking to get rich on the stock, I only wanted to make just enough money to buy my girlfriend an engagement ring. Instead, I ended up losing what I have worked so hard for. It will probably take me years to make this money back. I guess I better forget about marrying the woman I love.
Yes, I learned a valuable lesson. Unfortunately, it ruined me.
Thanks, I hope your article was worth it.
This was my reply:
Sorry but you and your ignorance ruined you…I wrote my article 6 days ago…you had plenty of time to digest it and actually sell for a profit…ignoring my warning cost you, good lesson, you’re welcome for trying to educate you, sorry you didnt listen
PS I’m not the one who discovered the felony relationship today, go take your ignorance somewhere else
You wanna blame me for OPMG’s 24% drop today when I was long heading into today? Sure, go ahead…enjoy your delusions.
But don’t you dare claim I would purposely put out new negative information when I am betting on a higher stock price.
Don’t you dare claim I “pay other bloggers to bash” (I have never nor will I ever pay someone to “bash”…I write ALL my own research posts and I work on them so hard, I’ve gained nearly 50 lbs. the past few months so show some appreciation rather than this ingratitude)
Don’t you dare claim I wrote my research report to expose a pump before it had a chance to spike (when I see an injustice I feel compelled to report it ASAP)
To everyone, non-subscribers and subscribers of my 4alike, you’re welcome for my honesty, education and transparency…the penny stock market is filled with so many liars and thieves, it’s amazing that my business model of brutal honesty is so revolutionary. The people who inhabit this gutter of the stock market make me want to short sell the human race. Very sad.
What do I think about OPMG now? Well, if you study, you know EXACTLY what I think about stocks that fail to breakout. Kiss it: