Amwest Imaging Is A Shaklee Investment
Many of the scams in the penny world like to stick young unknowns in the position of CEO and or President in order to hide the true identity of the person(s) pulling the strings. These novice public company officers are lured into the schemes of experienced con men with promises of riches and the "glamor" of being in charge of a public company.
In the case of Lone Star Gold (LSTG), established con men Allvaro Vollmers and John Rhoden, placed 29 year old London resident Daniel Ferris "in charge", supposedly at the company's head office in Bakersfield, California. We'd bet Mr. Ferris has never even been to Bakersfield. In fact, we'd bet he couldn't even point out where Bakersfield is on a map. Mr. Ferris' supposed qualification to become the President of a publicly
traded gold mining company, with purportedly billions of dollars in gold reserves, that was about to be taken over by Goldcorp, was that he was a publicist, financing arranger (whatever that means) and recruiter. Certainly sold credentials to take over a multi-billion dollar company, isn't it?
In the case of new Pump & Dump extravaganza, Amwest Imaging (AMWI), habitual schemer, Phillip Keuber has joined forces with Patrick Moore and supposedly handed the keys to the office, along with 26 million shares of stock, to 28 year old Jason Gerteisen. Unfortunately for Jason, his stock is under Rule 144 restriction and while it has a value of $5 million today, this scheme will be welled played out by the time he gets to sell it and we'd bet the stock will have a value of more like $50K by the time the restrictions are lifted. One only needs to look at Keuber's past Pump and Dump schemes, Writers' Group Film Corp. (WRIT) and Pepper Rock Resources (PEPR), amongst others, to figure out what the plan is with AMWI and realize where it's share price is ultimately headed.
In order to attempt to legitimize the appointment of Mr. Gerteisen to his lofty offices, the cons identify him as "a successful leader in sales and management, with a focus on technology and web-based businesses". Uh, no. Mr Gerteisen runs a one man operation known as Healthy Future Group, LLC, a home business selling the products of Shaklee Corporation, a multi level marketer of health supplements in the manner of Amway Corporation.
Jason Gerteisen, the President of a $100 million public company is in reality, a door to door peddler.
We wouldn't be surprised if the name "Amwest" wasn't a play off of "Amway" as a cruel inside joke amongst the perpetrators of this con.
The SEC filing which was an attempt at legitimizing Jason's appointment as President of a purported cloud computing company, goes on to say that, "Mr. Gerteisen continued to develop his skills in web design and internet marketing". Translation: Jason Gerteisen learned to use Google Blogger, or something of that nature. We here at pumpsanddumps.com run this website, which is much more sophisticated than anything Jason Gerteisen has developed and we don't think anybody would mistake us for being qualified to run a $100 million public company.
We'd leave the unavoidable investor losses in AMWI to those who don't mind having Woody Boyd running the company.
Be aware that the DTC has removed the following issues from the automated trade settlement system CNS and now requires trade for trade settlements for previously identified Pump & Dump subjects FTEG, NPWZ, VPLM and BOCL, as well as, GRBT, NEOM, SPOF, VCRT, NVAE, SNWT, WTCT, KRMC, CCWF, NEGS (NEGSD) and ATNP. This means that shares purchased in these issues cannot be sold until the trade has been settled (usually three trading days) and could also mean that actual share certificates will now be required to settle trades in these stocks. Such an order is severe and suggests that there is a belief that unauthorized shares have been trading. As trade for trade settlements are cumbersome and require an intensive accounting procedure, many brokers will not permit the buying of these stocks or will charge higher brokerage fees for the trades, thereby probably effecting the liquidity of the stock. This is often a warning sign that something is afoot and the best idea is to stay away!
Since Friday's close:
PennyStockAlerts.com has been promoting GSEN in conjunction with a new Pump & Dump campaign.
BeaconEquity.com and at least 3 other paid touts have been promoting HYSR in conjunction with a new Pump & Dump campaign.
OtcPicks.com and at least 1 other paid tout have been promoting VRAL in conjunction with a new promotion.
QualityStocks.net and at least 2 other paid touts have been promoting FPMI in conjunction with a new promotion.
HiddenGemStocks.com and at least 2 other paid touts have been promoting VRTC in conjunction with a new promotion.
GrowingStockReports.com and at least 2 other paid touts have been promoting AMWI in conjunction with an ongoing Pump & Dump campaign.
StockMister.com has been promoting PERL in conjunction with an ongoing promotion.
TheGreenBaron.com has been promoting ECTH in conjunction with an ongoing promotion.
HoleInOneStocks.com and at least 2 other paid touts have been promoting GDGI in conjunction with an ongoing Pump & Dump campaign.
ShazamStocks.com has been promoting NECA in conjunction with an ongoing Pump & Dump campaign.
TopStockAnalysts.com has been promoting STEV in conjunction with an ongoing Pump & Dump campaign.
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