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cecamadocv1 (99.98)

JAMN.OB Is a Scam & they're Coffee is no GOOD for you!!!

Recs

43

May 13, 2011 – Comments (13) | RELATED TICKERS: JAMN , LEXG , GMCR

From the person who brought you LEXG The Scam, here is another scathing report on another PUMP and DUMP.  Here is my Lexg report  http://caps.fool.com/Blogs/lexgob-the-scam/584508

 

So guess what folks, this company is worth 10 cents a share, maybe not even.  I can’t believe how much people get tricked into these Pump and Dumps. 

13 Comments – Post Your Own

#1) On May 13, 2011 at 8:30 AM, cecamadocv1 (99.98) wrote:

When Big Bear filed its registration statement with the U.S. Securities and Exchange Commission in March 2006, the company listed its office address as 1728 Yew St. in Vancouver. That's the same apartment block that Whittle used as his personal address in one of his earlier bulletin board deals, Radium Ventures Inc.

Big Bear's president was said to be Aaron Hall, but I don't think he was really running the show. Hall worked as a bouncer at the Stone Temple nightclub on Granville Street. It doesn't seem likely that Hall had the financial savvy or connections to assemble professionals -- such as lawyer Bernard Pinsky at Clark Wilson in Vancouver and accountants LBB & Associates in Houston, Tex. -- to help with Big Bear's registration process.

Whittle, on the other hand, has been involved in two other bulletin board deals, Black Hawk Exploration Inc. and Global Electronic Recovery Corp., which used the same lawyers and accountants.

According to Big Bear's registration statement, Hall staked a mineral claim near Prince George and sold it to the company for $1,000. To raise money for exploration, the company sold a bunch of shares to 38 seed shareholders at prices ranging from one to 10 cents.

In my experience, these seed shareholders often act as nominees for insiders. They don't really buy the shares, they just keep them warm until they are registered for resale. Then whoever is orchestrating the deal gathers them up, creating a tightly held, publicly traded company that can be easily manipulated. When Big Bear filed its registration statement, such shell companies were selling for $500,000 on the street.

To test my thesis, I called up one of Big Bear's seed shareholders, Gary Mang of North Vancouver. He readily acknowledged that he didn't pay for his shares or even take receipt of them. He said he simply permitted the use of his name as a "favour" to a friend.

Who was his friend? He said his name was Jason, but wouldn't give his last name because he didn't want to get him in trouble. But he allowed that the person who was behind the deal was Shane Whittle.

(I have since determined that Mang's friend is Jason Freeman. He and Whittle served as officers and directors in an earlier bulletin board deal called Global Industries Corp.)

So who is Shane Whittle? Well, a bit of everything, judging by securities filings.

In one filing, Whittle says he served as "the manager of the Cactus Club restaurant chain" from 1997 to 1999, but that is a bit of an exaggeration. A Cactus Club spokesman told me he served as manager of the North Vancouver location only.

From June 1994 to September 2004, he served as an event-planning consultant with a private company called Velvet Groove Entertainment. I have no information on this business.

From 2000 to 2005, he was president of an essay and report-editing service that he used as a business premise for Radium Ventures. In June 2005, after generating only $2,825 in revenues, the company merged with Interactive Television Networks Inc., which provided movies on demand via the Internet. Control passed to a group of California promoters, who pumped the stock to $4.65 US, but the company was an abysmal failure and quickly went out of business. Public shareholders were wiped out.

In 2002, Whittle formed Global Industries, a private company involved in health diagnostic testing (it focused on HIV in-home testing). In early 2008, after distributing seed shares to a tight group of friends and family members, Whittle and Freeman took the company public on the bulletin board. As of Dec. 31, 2009, the company had generated zero revenues and had only $592 in total assets.

In August 2007, Whittle became a director of Global Electronic Recovery, which planned to recycle electronic waste. The company never got off the ground, however. In February 2008, Whittle transformed the company into Marley Coffee Inc., a Jamaican coffee import business featuring one of legendary reggae singer Bob Marley's sons, Rohan Marley, as chairman. As of Jan. 31, 2009, the company hadn't generated a cent in revenue. Last month, Whittle resigned as president.

In a recent filing, Whittle reported that since January 2006, he has served as "Marketing Manager and Strategic Global Business Director of Integrity Marketing Group, which is in the global travel industry."

Integrity describes itself as "a recognized industry leader in call centre solutions." When I called the company's contact number, I ended up with a voice message for Quest Vacations, which uses high-pressure tactics to sell vacation packages. I was unable to determine the relationship between the two firms, if any.

Whittle also describes himself as CEO of White Lion Capital Inc., "a private B.C. venture capital company focused on real estate and financing public mergers and acquisitions and setting up strategic alliances between companies." I have no information on this company.

Whittle's reported academic credentials are confusing, to say the least. In one filing, he purports to have earned an International Business Degree from Capilano College in 1999. In another, he says he obtained a Business Administration Degree from Capilano College in 2001. And in yet another, he claims to have obtained a Bachelor of Business Administration Diploma from Capilano College in 1998. (There is no such thing as a "bachelor diploma.")

I tried calling Capilano University (as it is now called) to determine what credentials he has or hasn't, but was told that information is considered confidential under privacy legislation. How convenient for people who want to fudge their academic credentials.

NEXT: Melissa Davis, a brilliant muckraking journalist from the United States, tries to determine what role, if any, Whittle had in the genesis of Big Bear. Whittle gives her the same advice he gave me: "Take your phone call and shove it up your ass."

dbaines@vancouversun.com

© Copyright (c) The Vancouver Sun

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#2) On May 13, 2011 at 10:13 AM, BuyersStrike (< 20) wrote:

CVDynasty1,

You have ripped off my work without proper linkage and attribution. Please do not pass off my work as your own. Please properly attribute (quote) and link back to your sources.

 Buyersstrike!

buyersstrike.wordpress.com

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#3) On May 13, 2011 at 10:33 AM, cecamadocv1 (99.98) wrote:

Did you read my comment?

Look at the bottom?  I got this article from the Vancouver Sun, go talk too them.

And stop trying to get people to go on your website.  For all I know you could've just taken it from Vancouver  Times.

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#4) On May 13, 2011 at 10:37 AM, cecamadocv1 (99.98) wrote:

What is funny, is if you click on my link it actually takes you to your website, lol...

 

So dude you just read like 3 lines of this thing and "called me out"

Lol I didn't take credit for your website, nice work thou and you should be happy I am sending people there.

But anyways I apologize if you think I am trying to take credit for your work.

I just don't want investors getting duped into stuff like this.  I have a family member who lost thousands on pumps and dumps and its usually the little people who get crused with stocks like these.

 

 

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#5) On May 13, 2011 at 10:51 AM, BuyersStrike (< 20) wrote:

Thank you for fixing your post.

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#6) On May 13, 2011 at 11:00 AM, cecamadocv1 (99.98) wrote:

Actually Motley did that, hmmm looks like Vancouver Times might of plagerized you, cause I got this from them, and they mentioned nothing about your post.

Plagerism at its best, smh... lol

 

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#7) On May 13, 2011 at 1:36 PM, EnigmaDude (94.69) wrote:

I don't get how this post got so many recs.  It does not even mention anything about Jammin Java, just Big Bear.  You make no connection between the two (the reader has to jump to the Buyersstrike website to read about the connection). How does Marley fit in?  Why do you say the coffee is not good?

I don't doubt that this is a classic pump and dump, but you wrote nothing to convince me of that.

On the other hand, I could envision a pilot for a new TV show based on the story presented here!

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#8) On May 13, 2011 at 2:47 PM, cecamadocv1 (99.98) wrote:

but yea basically I just linked it, so its not a big deal, and definitely shouldn't of gotten more then 10 recs...

 

I put this link up on my facebook and Yahoo message board and had some replies, I'm sure quite a few people were able to rec it from there.

The connection is the guy who runs Jamn.ob used to run Bigbear

Speakin of which, i don't think you should be able to Rec something if you don't have an account.

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#9) On May 13, 2011 at 4:25 PM, EnigmaDude (94.69) wrote:

Well you get kudos anyway for bringing it to peoples' attention. 

How is the coffee anyway?  Have you tried it?  Maybe Marley has added a "magic" ingredient to give it an extra boost...

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#10) On May 13, 2011 at 10:44 PM, BillyTG (29.21) wrote:

*their*

they're=they are

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#11) On May 14, 2011 at 1:09 AM, bradford86 (99.78) wrote:

very nice. 

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#12) On May 14, 2011 at 8:53 PM, HarryCarysGhost (99.69) wrote:

Rec- 31

I forgot about Big Bear, I had the red thumb going on those guys from the get go. So their jammin' now LOL.

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#13) On May 15, 2011 at 12:23 PM, HarryCarysGhost (99.69) wrote:

Re-read that should've been Rec # 31.

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