Mitigating Mina Mar (and Money TV too)
Last week, in its weekly "Friday's Tips" email issued to its subscribers, reverse merger incubator, Mina Mar Marketing Group, regurgitated the ridiculous notion that "paid bashers" were out there to discredit certain penny stocks in exchange for compensation. Mina Mar spread this notion under the heading, "Sadly Bashers Are Not Going Anywhere", which it placed over a link to a recent edition of Pump & Dump promoter David Baillargeon's Money TV. Money TV is a video version of the stock touting that the email promoters conduct and much like the email touts, will promote any garbage for a buck.
This particular edition of Money TV was out to "debunk" so-called bashers of Baillargeon client, Imaging3, Inc. (IMGG), who purportedly were coming out with all kinds of stories to discredit the company, particularly and reportedly falsely, that IMGG was about to declare bankruptcy. Incidentally, IMGG has been the subject of promotion campaigns in the past, through the conduit of both email touts and of course, Money TV. We find the spreading of false or embellished stories, be it to discredit a company or to pump its stock for the purpose of facilitating insider selling, to be abhorable. Where Baillargeon and Mina Mar lose credibility with this story, is in the implication of paid bashers. Baillargeon profusely invokes paid bashers as the root of the false rumors regarding IMGG's pending bankruptcy, but does not offer a shred of proof. This is because he is unable to do so.
There is no such animal as the paid basher. Nobody has ever been able to produce one or prove that they exist. All that there has ever been are innuendo and concocted stories like "Confessions of a Paid Basher" and other similar hoaxes.
What does exist in perpetuity, are paid pumpers who will pimp any stock no matter how much the story lacks foundation or credibility. Most of these touts are soulless and are not concerned with the sometimes dubious nature of the masters they serve or the people they harm The reason that this edition of Money TV serves Mina Mar well, is that many of their clients seem to become the subject of Pump & Dump campaigns, such as current Mina Mar projects Zamage Digital Art Imaging (ZMGD) and Fortune Oil & Gas (FOGC).
Certainly, so-called (unpaid) bashers of a particular stock do exist, but they are no less entitled to express their negative opinions than supporters of a stock, including paid touts, are entitled to express positive opinions. Again we'll repeat that the expression of opinions, either positive or negative, for the express purpose of personal gain, is disgusting.
Speaking of Mina Mar, it is time to throw their discrediting of an article we wrote last spring, back in their face. In fact, we are about to sooooooo vindicate ourselves, that we are going to make this our first entry into a new feature we'll call, "Told You So".
Back in May, we wrote an advisory we called, "Don't Buy This Piece of Sipp (SIPC)", within which we completely discredited the Pump & Dump campaign subjected upon Mina Mar client, Sipp Industries (SIPC) and offered up proof, including pictures, to demonstrate that the merger and the entire promotion of the stock was a sham. We questioned the significance of the reverse merger of SIPC with Palm Beach Coffee and revealed that the principle behind Palm Beach Coffee was none other than previous Pump & Dump schemer, Sender Vaiser of failed Hat Trick Beverage (HKBV) .
Mina Mar, who was (and apparently still is) so desperately looking for an entity to vend into the SIPC shell, countered our substantiated article with their own unsubstantiated blog entry, in which they maliciously accused us as "veiling" ourselves as a public service, and issuing an alert with "unsubstantiated claims, attacking SIPC". We also laughed at the unmitigated gall, the stock pimp had in referring to us as pimps. We sell nothing. Mina Mar promotes (sells) worthless stock. To demonstrate our case in point, let's look at excerpts from Mina Mar's blog entry:
"SIPC management is trying to reach PIMP but the company is hiding its online identity. SIPC management expects reply and action from the originators of this article. If reply and rescission of the article are not achieved shortly, the company shall employ a private investigator to determine the origins of the article and proceed accordingly."Neither SIPC nor Mina Mar tried to reach us. We are very reachable, by email, as many other subjects of our articles have done so. We have never, ever received a single email from anybody in reference to our SIPC advisory. It would have been fruitless anyway because we do not back off the truth. And of course we never withdrew the article and a private investigator was never retained to find us.
"We believe that the PIMP [read: pumpsanddumps.com] should afford this company at least 90-120 days to get its ducks in order and then revisit their public service announcement."Well it's now 137 days since the Mina Mar blog entry and per Mina Mar's request, we're revisiting our public service announcement. Not only has the Palm Beach Coffee - SIPC merger not been consummated, but Sender Vaiser recently told our investigator that he made it known to Mina Mar soon after the promotion began, that he was not interested in proceeding with the merger. What happened to Mina Mar's (SIPC's) retraction of the announcement? If Mr.Vaiser did in fact inform Mina Mar of his change of heart and Mina Mar kept this a secret, is this not fraud?
How much stock did Mina Mar or its insiders sell @ 2 - 7 cents during the Pump & Dump campaign promoting the merger? Of course, now we expect that Mina Mar has been buying back any stock it may have sold, at greatly reduced prices, and is searching for the next suitable asset to vend into the shell.
'On February 11, 2010 SIPC was quoted at 0.0002 while in a custodianship settling its debts in a Nevada court hearing. Today it’s quoted at 0.02 cents, with all debts settled, European distribution weeks away from starting and the true price appreciation about to commence. With the above in mind we can’t resist but to ask PIMP: “Anybody still want to buy this stock?”'Well yeah, the share priced increased on the heels of the Pump & Dump campaign. But, as is always the case with stocks which undergo PnD campaigns, the price has regressed. And months later (not weeks), we've seen no European distribution. Of course Europe has plenty of coffee making machines anyway.
Conclusively, Mina Mar's quotation of our rhetorical question, "Anybody still want to buy this stock?", deserves an answer: Apparently not.
Note to Mina Mar: There's a new sheriff in town.