ich hoffe,er ist nicht zu hoch involviert...
heute früh wurde Aubryn International hier empfohlen,ich hoffe keiner hat die Empfehlung befolgt,denn der Absturz von gestern hat seine Begründung in einem Artikel,der bei www.stockpatrol.com heute veröffentlicht wurde und darauf abzielt,dass das Ganze durch Emails übers Internet verbreitet wurde und die Firma vermutlich noch nicht mal das Land besitzt und das Ganze ein ausgemachter
Schwindel ist.
Sorry wenn ich das nicht alles übersetzte ,holt Euch die Übersetzung bei
world.altavista.com/
On March 11, 2002, after the stock market closed, we received e-mails from five different internet promoters predicting “major” news about a Pink Sheet company called Aubryn International, Inc. (Pink Sheets: ARBN). We didn’t have to wait long. On March 12th the promoters sent a second wave of e-mails to spread the “Breaking News.”
Although the banner headlines seemed more impressive than the “news,” the onslaught of e-mails apparently has had its desired effect. The promoters have created a demand for Aubryn stock, and consequently a potential market for anyone looking to sell a sizeable block of shares. On March 12th, Aubryn was the Pink Sheet quote request leader, trading almost 2 million shares.
The March 12th trading highlighted a week of unusual trading that resulted in Aubryn stock prices more than doubling in advance of the e-mail campaign. Was someone positioning the stock to be “dumped” once the “news” was released? On March 4, 2002, with just 700 shares trading, Aubryn closed at 4.6 cents a share. The following day, March 7th, prices crept upward to 6 cents, but volume increased significantly, to 52,600 shares.
Then, on March 6th, volume jumped to almost 600,000 shares, while share prices tripled – on no news - to 13 cents. Another 600,000 shares were traded on March 7th, closing at 14 cents. On March 8th prices retreated to 12 cents a share, but volume remained high – almost 500,000 shares. On March 11th, the eve of the promotion, the stock traded 573,000 shares, at prices ranging from 9.5 cents to 14 cents, before closing at 12 cents.
Did this stock already complete its move upward before the promoters began to spread the word to unsuspecting public customers? Were shares being positioned so that they could be dumped once the e-mails created an unrealistic demand? Unfortunately, that may be the case. Shares have continued to dive since the e-mails began reaching public investors. On March 12th, Aubryn stock decreased to 9 cents a share. On March 13th the carnage continued. By noon Aubryn shares had dropped another 33%, to 6 cents, and volume for the day already had exceeded 2 million shares.
Buy High
What were promoters saying about Aubryn? Here’s an excerpt from the first e-mail:
What causes a stock to quickly appreciate in value? Fundamentals? News? Management? Well yes, to a degree. But what REALLY moves a stock price northward that you just purchased? Answer: A Huge volume of buyers having been directed to the emergence of that stock by a qualified service possessing a reputation for doing so...
In other words, these touts want investors to believe that hype is more important than value. That may be true if you are looking to dump stock, but not if you are looking to invest in a fundamentally sound business, or protect your money.
What qualifies these promoters to characterize themselves as “a qualified service possessing a reputation” for directing buyers to an emerging stock? By their own admission, the e-mails are nothing more than electronic advertisements, and the publishers are not investment advisors, financial planners or stock brokers.
The promoters noted that Aubryn is traded on the Pink Sheets, and went on to opine that “Pink Sheet Stocks have a propensity to move dramatically! Look at the performance of ARBN these last few trading days!”
That notion, that Pink Sheets stocks have a tendency for dramatic movement, is nonsense – unless the promoters mean that Pink Sheet stocks are so low priced that any movement is dramatic. Shares can “move dramatically” on any exchange, for a variety of reasons. Unfortunately, such movement can occur when insiders or significant shareholders attempt to position the market as part of a “pump” and “dump” scheme.
Water Springs Eternal
The e-mails were unabashed in their pitch for Aubryn, claiming that recent activity
“is very often a precursor to the issuance of MAJOR news. In fact we are hearing VERY strong rumours of *excellent* news to be issued from the Company soon. ARBN appears to be dramatically UNdervalued!
What is the basis for these predictions? How can investors conclude that a Company is undervalued without information indicating its true value and financial condition? Investors have been offered no details of Aubryn’s financial state.
Aubryn plans to enter into “a highly profitable business line, the bottled water industry.” Bottled water may be a profitable venture for established companies with a foothold in the industry and sufficient resources to support their operations. Why should investors believe that Aubryn is positioned to capture any portion of the nation’s bottled water business?
The Company says that it has water rights on 1700 acres in California. Does that constitute a business? Indeed, almost nine months ago, on June 20, 2001, Aubryn issued a press release announcing that it had received a valuation estimate for those water rights from American Finance Network of San Diego, California. According to Aubryn’s Chief Executive Officer, Bruce Harris, “Receiving a valuation of just over $28,000,000.00 (28 million USD) by far exceeded the levels we originally anticipated.”
Exactly what does that mean? What is worth $28 million? The land? The water that can potentially be drawn from that land? Needless to say, $28 million is the sort of number that might attract attention. Still, the press release did not say how Aubryn planned to translate that valuation into a business. Nor did it indicate how the Company expected to finance the new venture.
A January 29, 2002 press release offered little indication that the Company had made significant progress with its plans – despite that $28 million valuation. This time, CEO Harris said that the “springs have the potential to be a very large part of Aubryn’s overall business.” He noted that the Company was negotiating agreements, but didn’t indicate the nature of those agreements or the other parties involved. Aubryn predicted a “detailed production schedule” by the end of March 2002. He did not say who would be producing what.
What is the financial condition of Aubryn? One of the drawbacks of Pink Sheet companies – which the promoters neglect to mention – is that they do not have to file financial reports. That is why most of those companies trade on the Pink Sheets rather than the Over the Counter Bulletin Board (which requires regular public filings) or on a national exchange (all of which have strict listing requirements).
Aubryn seems to be new to the water business. The Company’s Internet site indicates that Aubryn has attempted in the past to develop a communications business in Mexico and China, and an automobile warranty operation in China. It is unclear whether these ventures ultimately proved viable, or if they are still underway. Aubryn stopped filing reports with the Securities and Exchange Commission in June 1999, shortly after three of the Company’s outside directors and two of its inside directors resigned, citing “irreconcilable differences with the Officers and Inside Directors of [Aubryn].” The Forms 8-K filed in connection with those resignations did not describe those irreconcilable differences.
The absence of meaningful information and current financial statements did not deter the well-compensated promoters. Early on March 12th we received a second set of e-mails containing “Breaking News” about Aubryn. What kind of news was calculated to motivate investors? The Company had issued a press release stating that the California Department of Health would inspect its spring water property wells later in the week. The press release went on to say that “with the completion of the onsite inspection, the California Department of Health will be providing the company with a ‘Private Water Source Designation.’” That assumes, of course, that the Department of Health issues its approval.
The press release also made reference to “continued discussions with the Perrier Group of America, a subsidiary of Nestle S.A…., as well as entering into discussions with similar companies in the industry.”
What was the nature of those discussions? The Company does not indicate that it is close to an agreement with Perrier or any other established water bottling company. Nevertheless, investors might infer – perhaps incorrectly - that the Company is on the brink of a potential business relationship. Is there less to that implication than meets the eye?
While it is admirable to aspire to a piece of the bottled water business, what is there to indicate that Aubryn is in a position to capture any significant, or even insignificant, portion of that market against a bevy of companies that are well-established and highly capitalized?
Running with the Bulls
The promoters ignore such problems. Instead, they do their best to generate a frenzy of buying interest, as reflected in the following remarks:
There are indications that Numerous other well-known Newsletters will also be profiling ARBN today (Tues March 12) as well as the remainder of this week. As such, we expect *record* volume on this relatively low float stock today. In fact we anticipate well over 5 Million!! And when there is huge volume on a low float stock where do you think the price could go? Hint: UP! We suggest you give strong consideration to investing in ARBN today before the masses do. ARBN has the potential to triple in value in the very short term. In fact ARBN last May/June climbed from about 12 cents to over a dollar. Can it happen again? YES!
Should it come as any surprise that each of the promoters had “indication” of numerous other profiles? All of the spam e-mails were identical, suggesting that they were all working together in the first place, or were the work of a single entity. They also seem to have shared in a generous fee for their efforts. The five e-mails we reviewed, from senders calling themselves “TNT Picks,” “Benchmark,” “Blue Ribbon,” New Horizon,” and “Superstock,” each contained the following identical “disclaimer”:
The owner/management of this e-mail alert has received eight hundred twenty thousand free trading shares of this profiled company from a non affiliate third party for the dissemination of this stock profile/advertisement. Additionally we have purchased shares in the open market.
Is it any surprise then that record volume was expected in the wake of a massive e-mail “advertising” campaign? They were right, on March 12th, Aubryn was the most requested quote on the Pink Sheets. Almost 2 million shares were traded.
Not all of their predictions proved accurate. The touts urged investors to buy shares now “before the masses do,” because the price “could” go up. Unfortunately, they neglected to mention that the converse was equally true - Aubryn share prices might instead go down. Which is precisely what they did. On March 12th, Aubryn stock fell 25% to 9 cents a share. By midday on March 13th shares were down another 33%, to 6 cents. Those investors who danced to the promoters tune, and purchased at higher prices, had already suffered paper losses on this “undervalued” investment.
www.stockpatrol.com/schlock/articles/aubryn.html
heute früh wurde Aubryn International hier empfohlen,ich hoffe keiner hat die Empfehlung befolgt,denn der Absturz von gestern hat seine Begründung in einem Artikel,der bei www.stockpatrol.com heute veröffentlicht wurde und darauf abzielt,dass das Ganze durch Emails übers Internet verbreitet wurde und die Firma vermutlich noch nicht mal das Land besitzt und das Ganze ein ausgemachter
Schwindel ist.
Sorry wenn ich das nicht alles übersetzte ,holt Euch die Übersetzung bei
world.altavista.com/
On March 11, 2002, after the stock market closed, we received e-mails from five different internet promoters predicting “major” news about a Pink Sheet company called Aubryn International, Inc. (Pink Sheets: ARBN). We didn’t have to wait long. On March 12th the promoters sent a second wave of e-mails to spread the “Breaking News.”
Although the banner headlines seemed more impressive than the “news,” the onslaught of e-mails apparently has had its desired effect. The promoters have created a demand for Aubryn stock, and consequently a potential market for anyone looking to sell a sizeable block of shares. On March 12th, Aubryn was the Pink Sheet quote request leader, trading almost 2 million shares.
The March 12th trading highlighted a week of unusual trading that resulted in Aubryn stock prices more than doubling in advance of the e-mail campaign. Was someone positioning the stock to be “dumped” once the “news” was released? On March 4, 2002, with just 700 shares trading, Aubryn closed at 4.6 cents a share. The following day, March 7th, prices crept upward to 6 cents, but volume increased significantly, to 52,600 shares.
Then, on March 6th, volume jumped to almost 600,000 shares, while share prices tripled – on no news - to 13 cents. Another 600,000 shares were traded on March 7th, closing at 14 cents. On March 8th prices retreated to 12 cents a share, but volume remained high – almost 500,000 shares. On March 11th, the eve of the promotion, the stock traded 573,000 shares, at prices ranging from 9.5 cents to 14 cents, before closing at 12 cents.
Did this stock already complete its move upward before the promoters began to spread the word to unsuspecting public customers? Were shares being positioned so that they could be dumped once the e-mails created an unrealistic demand? Unfortunately, that may be the case. Shares have continued to dive since the e-mails began reaching public investors. On March 12th, Aubryn stock decreased to 9 cents a share. On March 13th the carnage continued. By noon Aubryn shares had dropped another 33%, to 6 cents, and volume for the day already had exceeded 2 million shares.
Buy High
What were promoters saying about Aubryn? Here’s an excerpt from the first e-mail:
What causes a stock to quickly appreciate in value? Fundamentals? News? Management? Well yes, to a degree. But what REALLY moves a stock price northward that you just purchased? Answer: A Huge volume of buyers having been directed to the emergence of that stock by a qualified service possessing a reputation for doing so...
In other words, these touts want investors to believe that hype is more important than value. That may be true if you are looking to dump stock, but not if you are looking to invest in a fundamentally sound business, or protect your money.
What qualifies these promoters to characterize themselves as “a qualified service possessing a reputation” for directing buyers to an emerging stock? By their own admission, the e-mails are nothing more than electronic advertisements, and the publishers are not investment advisors, financial planners or stock brokers.
The promoters noted that Aubryn is traded on the Pink Sheets, and went on to opine that “Pink Sheet Stocks have a propensity to move dramatically! Look at the performance of ARBN these last few trading days!”
That notion, that Pink Sheets stocks have a tendency for dramatic movement, is nonsense – unless the promoters mean that Pink Sheet stocks are so low priced that any movement is dramatic. Shares can “move dramatically” on any exchange, for a variety of reasons. Unfortunately, such movement can occur when insiders or significant shareholders attempt to position the market as part of a “pump” and “dump” scheme.
Water Springs Eternal
The e-mails were unabashed in their pitch for Aubryn, claiming that recent activity
“is very often a precursor to the issuance of MAJOR news. In fact we are hearing VERY strong rumours of *excellent* news to be issued from the Company soon. ARBN appears to be dramatically UNdervalued!
What is the basis for these predictions? How can investors conclude that a Company is undervalued without information indicating its true value and financial condition? Investors have been offered no details of Aubryn’s financial state.
Aubryn plans to enter into “a highly profitable business line, the bottled water industry.” Bottled water may be a profitable venture for established companies with a foothold in the industry and sufficient resources to support their operations. Why should investors believe that Aubryn is positioned to capture any portion of the nation’s bottled water business?
The Company says that it has water rights on 1700 acres in California. Does that constitute a business? Indeed, almost nine months ago, on June 20, 2001, Aubryn issued a press release announcing that it had received a valuation estimate for those water rights from American Finance Network of San Diego, California. According to Aubryn’s Chief Executive Officer, Bruce Harris, “Receiving a valuation of just over $28,000,000.00 (28 million USD) by far exceeded the levels we originally anticipated.”
Exactly what does that mean? What is worth $28 million? The land? The water that can potentially be drawn from that land? Needless to say, $28 million is the sort of number that might attract attention. Still, the press release did not say how Aubryn planned to translate that valuation into a business. Nor did it indicate how the Company expected to finance the new venture.
A January 29, 2002 press release offered little indication that the Company had made significant progress with its plans – despite that $28 million valuation. This time, CEO Harris said that the “springs have the potential to be a very large part of Aubryn’s overall business.” He noted that the Company was negotiating agreements, but didn’t indicate the nature of those agreements or the other parties involved. Aubryn predicted a “detailed production schedule” by the end of March 2002. He did not say who would be producing what.
What is the financial condition of Aubryn? One of the drawbacks of Pink Sheet companies – which the promoters neglect to mention – is that they do not have to file financial reports. That is why most of those companies trade on the Pink Sheets rather than the Over the Counter Bulletin Board (which requires regular public filings) or on a national exchange (all of which have strict listing requirements).
Aubryn seems to be new to the water business. The Company’s Internet site indicates that Aubryn has attempted in the past to develop a communications business in Mexico and China, and an automobile warranty operation in China. It is unclear whether these ventures ultimately proved viable, or if they are still underway. Aubryn stopped filing reports with the Securities and Exchange Commission in June 1999, shortly after three of the Company’s outside directors and two of its inside directors resigned, citing “irreconcilable differences with the Officers and Inside Directors of [Aubryn].” The Forms 8-K filed in connection with those resignations did not describe those irreconcilable differences.
The absence of meaningful information and current financial statements did not deter the well-compensated promoters. Early on March 12th we received a second set of e-mails containing “Breaking News” about Aubryn. What kind of news was calculated to motivate investors? The Company had issued a press release stating that the California Department of Health would inspect its spring water property wells later in the week. The press release went on to say that “with the completion of the onsite inspection, the California Department of Health will be providing the company with a ‘Private Water Source Designation.’” That assumes, of course, that the Department of Health issues its approval.
The press release also made reference to “continued discussions with the Perrier Group of America, a subsidiary of Nestle S.A…., as well as entering into discussions with similar companies in the industry.”
What was the nature of those discussions? The Company does not indicate that it is close to an agreement with Perrier or any other established water bottling company. Nevertheless, investors might infer – perhaps incorrectly - that the Company is on the brink of a potential business relationship. Is there less to that implication than meets the eye?
While it is admirable to aspire to a piece of the bottled water business, what is there to indicate that Aubryn is in a position to capture any significant, or even insignificant, portion of that market against a bevy of companies that are well-established and highly capitalized?
Running with the Bulls
The promoters ignore such problems. Instead, they do their best to generate a frenzy of buying interest, as reflected in the following remarks:
There are indications that Numerous other well-known Newsletters will also be profiling ARBN today (Tues March 12) as well as the remainder of this week. As such, we expect *record* volume on this relatively low float stock today. In fact we anticipate well over 5 Million!! And when there is huge volume on a low float stock where do you think the price could go? Hint: UP! We suggest you give strong consideration to investing in ARBN today before the masses do. ARBN has the potential to triple in value in the very short term. In fact ARBN last May/June climbed from about 12 cents to over a dollar. Can it happen again? YES!
Should it come as any surprise that each of the promoters had “indication” of numerous other profiles? All of the spam e-mails were identical, suggesting that they were all working together in the first place, or were the work of a single entity. They also seem to have shared in a generous fee for their efforts. The five e-mails we reviewed, from senders calling themselves “TNT Picks,” “Benchmark,” “Blue Ribbon,” New Horizon,” and “Superstock,” each contained the following identical “disclaimer”:
The owner/management of this e-mail alert has received eight hundred twenty thousand free trading shares of this profiled company from a non affiliate third party for the dissemination of this stock profile/advertisement. Additionally we have purchased shares in the open market.
Is it any surprise then that record volume was expected in the wake of a massive e-mail “advertising” campaign? They were right, on March 12th, Aubryn was the most requested quote on the Pink Sheets. Almost 2 million shares were traded.
Not all of their predictions proved accurate. The touts urged investors to buy shares now “before the masses do,” because the price “could” go up. Unfortunately, they neglected to mention that the converse was equally true - Aubryn share prices might instead go down. Which is precisely what they did. On March 12th, Aubryn stock fell 25% to 9 cents a share. By midday on March 13th shares were down another 33%, to 6 cents. Those investors who danced to the promoters tune, and purchased at higher prices, had already suffered paper losses on this “undervalued” investment.
www.stockpatrol.com/schlock/articles/aubryn.html
..µl²
