TDEY: Marc Jablon Sticks It To You Again
Stevia Corp.'s $300 Million Lie
We got a lot of "should have listened to you" emails since yesterday's close with respect to 3D Eye Solutions (TDEY) Pump & Dump campaign yesterday. This was TDEY's 3rd campaign in under a year and the pattern has always been the same. Gap up in the morning followed by tremendous losses in the afternoon as insiders mercilessly whack bids.
TDEY is another Marc Jablon scam, who, not so coincidentally, is already involved in prosecutions by the SEC, as we told you in our first advisory on this subject back in May. What we find awesome about the 32 million shares traded yesterday, is that suckers were buying into this thing without even seeing a press release for 6 months. No news and nothing to hang a hat on, but the word of a couple of promoters, who were collectively paid a hundred grand to pimp this garbage with $1117 in the bank and zero revenues. Nice country!
The mystery behind the sudden interest in Stevia Corp.'s (STEV) over three month old Pump & Dump campaign seems to have been resolved. We received reports from subscribers of a color brochure that was delivered by snail mail and as newspaper inserts, containing the usual misleading hype that would have had to be outright lies in order to make this company look good. This type of dissemination usually targets retirees and small town residents who aren't quite as hip to the scheming ways of the city slicker.
The headline on the front page of this particular piece of toilet paper reads, "U.S Food and Drug Administration approves zero-calorie stevia sweetener!", making it sound like the US FDA had specifically approved (STEV). As we told you in yesterday's alert, stevia is a plant, whose extract is used as a sweetener and has been for several years now. This is not a new revelation from the FDA. The number one brand of stevia based sweeteners is manufactured by The Truvia Company, LLC, under the brand name Truvia. Stevia based sweeteners are still relatively little known and sometimes difficult to find, especially outside of the big cities, which is why these color brochures are sent mostly to rural and smaller city residents. But Truvia products have been available at Trader Joe's stores across the United States for several years now.
The Chuck Hughes, if that's actually this hack's real name, forecast of $12,750 in profits from STEV stock is what really reels the suckers in. Assuming one bought 2500 shares of STEV at 70 cents, which was the approximate price of the stock when this campaign got started, the share price would have to reach $5.80 to realize that gain. Assuming that there is still only 52,800,000 shares issued and outstanding in STEV, and that's a major assumption, that means that this company would be worth $306 million. How could it possibly be worth that? By the company's own press releases, one can see that it does nothing. STEV is not a retailer of stevia products. It might become involved in the farming of stevia plants, pending approval of financing from the Vietnamese government. Of course the company needs financing. It has $76,000 in the bank and $450,000 in debt and ZERO revenues.
The worst part is that when the public realizes that they've been had, it's our email inboxes that fill up with questions about the scam.
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