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Junk Pumping 101

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December 18, 2007 – Comments (13)

Recently, I've been getting more and more spam from naive and/or unscrupulous "PR" agencies pushing crummy stocks. Here's the latest, "Thinkpath."

I'll show you the financials first, then the smarmy feelers these shady PR agencies/boiler rooms use to try and get "coverage" for their "clients." Note that they don't say a word about the financials except to try and make the revenue stream look robust by describing clients as "Fortune 50" or 500 companies.

First, the pump/dump chart:

SP32-20071218-095353

Now, the rancid financials:

SP32-20071218-095339

Now, the oily come-on...

---------------------------------------------------- 

My name is Jeff Stone with Wakabayashi Fund LLC. We have recently begun providing institutional sponsorship and investment banking consulting services to a company that we believe fits your publication's space. Thinkpath Inc. (Thinkpath) THPHF.OB, incorporated in 1994, is an engineering services company. The Company through its wholly owned subsidiaries, Thinkpath US Inc. (formerly Cad Cam Inc.), Thinkpath Michigan Inc. (formerly Cad Cam of Michigan Inc.), Thinkpath Technical Services Inc. (formerly Cad Cam Technical Services Inc.) and The Multitech Group Inc., provides engineering, design, technical publications and staffing, services. In addition, the Company owns 100% of few inactive companies, including Systemsearch Consulting Services Inc., International Career Specialists Ltd., Microtech Professionals Inc., E-Wink Inc. (80%), Thinkpath Training Inc. (formerly ObjectArts Inc.), Thinkpath Training US Inc. (formerly ObjectArts US Inc.), TidalBeach Inc. and TBM Technologies Inc. On June 30, 2006, it completed the acquisition of The Multitech Group Inc. (TMG), an engineering services firm located in New Jersey.
The Company's revenue is comprised of engineering services, including the complete planning, staffing, development, design, implementation and testing of a project. Its specialized engineering services include design, build and drafting, technical publications and documentation Thinkpath provides a range of engineering services to a range of industries from automotive to aerospace. The Company utilizes Pro/E, CATIA, Unigraphics, Solidworks and Ansys as its primary design and analysis tools, and these services range from providing complete program management and delivery of outsourced projects. Industries served range from aerospace, military, automotive to medical and high-tech. Its customers are corporations from a variety of industries across North America. These customers include both Fortune 50 and Fortune 500 companies.

We think this company would be a great fit for a future news article in your publication. If you have any interest please contact me at js@wakabayashifund.com.   Thank you for taking a look at this company as well as other companies that I may have previously sent.

Jeff Stone
Advisor / Co-Founder
Wakabayashi Fund LLC
2-6-2 Kamiosaki,
Shinagawa-ku
Tokyo Japan  141-0021
T:      (US) 01.914.613.3232
    (JP)  81.03.6657.8339

------------------------------------------------------

Emphasis is mine. 

Keywords: Stock pumpers; thinkpath;Wakabayashi Fund 

13 Comments – Post Your Own

#1) On December 18, 2007 at 10:33 AM, TMFBent (99.82) wrote:

Now, a bit more about "Thinkpath." It's actually run by one "Declan French" who is -- you guessed it -- also the honcho at "Wakabayashi Fund." They don't disclose this is their PR blitz. You have to figure it out on your own, as French's dual role as the organizer of the pumping of his own company is hidden at the bottom of a pumper research report they sent me.

 (Note that this report was sent with the following subject line "FW: Please sign off on front page with an ok and full signature as well as initials and ok on each page thereafter if this meets to your approval and please fax back " clearly some kind of ruse in order to facilitate spamming this garbage to unwitting internet users, a la the misdirected stock tip faxes the SEC has cracked down on. Jeff forgot to cover his tracks in his zeal to convince me this is a great investment opportunity.)

<SP32-20071218-101153

 

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#2) On December 18, 2007 at 10:41 AM, TMFBent (99.82) wrote:

And now, just for fun, a look at the email trail from our helpful Wakabayashi pumper. I'll bold the actual correspondence so that you can separate it from the rest of the email junk...

 

---------------------- 

(from Jeff to me) 

In Texas they have a saying…you are the kind of guy that could use a good-ole East Texas a---whippin.

The message was generated and sent to all potential sources of media that Vocus (which we subscribe to) indicated you might be a source for this space but now I see I am just dealing with some smart-ass kid. How about you just go f--- yourself?

 

From: Seth Jayson [mailto:sjayson@fool.com]
Sent: Wednesday, December 19, 2007 12:17 AM
To: JS, Wakabayashi Fund LLC
Subject: RE: [SPAM] FW: Please sign off on front page with an ok and full signature as well as initials and ok on each page thereafter if this meets to your approval and please fax back

 

This moron knows enough to know when he's dealing with penny stock boiler room.

 

By the way, what's with the bogus subject line? You sending these pumping messages out disguised as misdirected email, too? Got a fax blast office, by any chance?

 

Sj

 

 

 

~~~~~~~~~~~~~~~~~~~
Seth Jayson
Senior Analyst
The Motley Fool
2000 Duke Street
Alexandria, VA 22314
Phone: 703-254-1775
sjayson@fool.com

Seth's Latest Blog Commentary

From: JS, Wakabayashi Fund LLC [mailto:js@wakabayashifund.com]
Sent: Tuesday, December 18, 2007 10:13 AM
To: Seth Jayson
Subject: RE: [SPAM] FW: Please sign off on front page with an ok and full signature as well as initials and ok on each page thereafter if this meets to your approval and please fax back
Importance: Low

 

Read the disclaimer.It is restricted stock. Now I know you are a moron.

 

From: Seth Jayson [mailto:sjayson@fool.com]
Sent: Wednesday, December 19, 2007 12:12 AM
To: JS, Wakabayashi Fund LLC
Subject: RE: [SPAM] FW: Please sign off on front page with an ok and full signature as well as initials and ok on each page thereafter if this meets to your approval and please fax back

 

Interesting that you didn't send the original email with the disclosure that you're looking to dump 1.5 million shares. Nice.

 

~~~~~~~~~~~~~~~~~~~
Seth Jayson
Senior Analyst
The Motley Fool
2000 Duke Street
Alexandria, VA 22314
Phone: 703-254-1775
sjayson@fool.com

Seth's Latest Blog Commentary

From: JS, Wakabayashi Fund LLC [mailto:js@wakabayashifund.com]
Sent: Tuesday, December 18, 2007 10:09 AM
To: Seth Jayson
Subject: [SPAM] FW: Please sign off on front page with an ok and full signature as well as initials and ok on each page thereafter if this meets to your approval and please fax back
Importance: Low

 

Seth:

Here it is…if you actually take the time to review it-thanks.

 -------------------------------------------

Well smart guy you would then find that this company happens to be ebitda positive and ramping . Further, your connotation to billboard is a misnomer. The word you are looking for is either bulletin board or pink sheet listed companies. Also, a common vernacular is micro-cap… I hope you do decide to publicize it. Maybe you will learn something.

From: Seth Jayson [mailto:sjayson@fool.com]
Sent: Tuesday, December 18, 2007 11:45 PM
To: JS, Wakabayashi Fund LLC
Subject: RE: [SPAM] RE: Client Introduction of Thinkpath Inc.

 

You don't know what a billboard stock is? It's a penny stock, trading on the billboard, low volume, easily manipulated, a great way for operators to scam people out of their dough by drumming up PR on marginal companies -- say, companies with with a long history of burning, rather than earning, cash.

 

THIS is a billboard stock. And thanks for putting it on my radar. Should I find that anyone out there is naïve enough to pump it, I'll be sure to publicize its financials as soon as I can.

 

Sj

 

 

 

~~~~~~~~~~~~~~~~~~~

Seth Jayson

Senior Analyst

The Motley Fool

2000 Duke Street

Alexandria, VA 22314

Phone: 703-254-1775

sjayson@fool.com

 

Seth's Latest Blog Commentary

 

Fool.com > Headlines

 

-----Original Message-----
From: JS, Wakabayashi Fund LLC [mailto:js@wakabayashifund.com]
Sent: Tuesday, December 18, 2007 9:32 AM
To: Seth Jayson
Subject: [SPAM] RE: Client Introduction of Thinkpath Inc.
Importance: Low

 

We subscribe to Vocus which referenced you as a possible media source for

this space. Your aspersion is silly. Nonetheless, apologies for the

communication. Also, what is a "billboard" stock...?

 

-----Original Message-----

From: Seth Jayson [mailto:sjayson@fool.com]

Sent: Tuesday, December 18, 2007 10:20 PM

To: Jeff Stone, Wakabyashi Fund LLC

Subject: RE: Client Introduction of Thinkpath Inc.

 

Please remove me from your spam list. I am not in the business of

pumping billboard stocks, and view all such requests to do so as highly

suspicious.

 

Sj

 

~~~~~~~~~~~~~~~~~~~

Seth Jayson

Senior Analyst

The Motley Fool

2000 Duke Street

Alexandria, VA 22314

Phone: 703-254-1775

sjayson@fool.com

 

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#3) On December 18, 2007 at 10:44 AM, TMFBent (99.82) wrote:

And finally, a gem I forgot:

----------------------

(From Jeff to me) 

I will send you deeper info. which specifically outlines their top-line as well as bottom. If you really have that  same opinion then I am talking to a real d---… Otherwise, perhaps you really might be able to discern the correspondence as genuine. I hope you write all about it…throw the kitchen sink in as well. I will send over to you a deeper summary on this momentarily. If you care to open it and thoroughly review it maybe next time you will afford second thought before you fire-off such a misguided snappy judgement.

 

From: Seth Jayson [mailto:sjayson@fool.com]
Sent: Tuesday, December 18, 2007 11:59 PM
To: JS, Wakabayashi Fund LLC
Subject: RE: [SPAM] RE: Client Introduction of Thinkpath Inc.

 

It's a bad idea to try and fool me with stuff like this, Jeff. I can read the financials, and I'm well aware of how the company is "ramping." The ramp is down. The only thing ramping up is share count. I'll be sure to share your thoughts with our community. They're always interested in learning exactly how billboard stocks like these are run up and down.

 

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#4) On December 18, 2007 at 10:50 AM, TMFBent (99.82) wrote:

Oh, and I forgot to add the long-term chart on this great investing opportunity. Here's what Thinkpath has done for all those shareholders out there:

SP32-20071218-104800

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#5) On December 18, 2007 at 11:48 AM, TMFCrocoStimpy (93.79) wrote:

"We think this company would be a great fit for a future news article in your publication."

Clearly they got this part right - just maybe not quite they way they hoped, huh?

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#6) On December 18, 2007 at 11:56 AM, eskatonic (29.19) wrote:

I've always thought the 'used by Fortune 500 Companies' pitch to be completely bogus.  A company that size by definition probably has at least one item of product from any publicly traded company.  For example, pick a printer brand.  Any brand.  Now pick a fortune 500 company.  I'm sure somewhere in that company there is a least one printer of the choosen brand.  Just because a Fortune 500 uses you doens't mean they prefer you or use you big.  Any company that can't come up with a better pitch than 'used by a Fortune 500 Company' just isn't worth even considering for investing.  Don't focus on what they say, focus on what they don't say.

 

2c 

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#7) On December 18, 2007 at 12:00 PM, TMFBent (99.82) wrote:

CORRECTION:

I misread that bit on Declan French. He's not (that I know of) part of this Wakabayashi pumping outfit, though it makes it clear that he is well aware of the pumping going on.

Apologies.

Sj

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#8) On December 18, 2007 at 12:04 PM, TMFBent (99.82) wrote:

"I've always thought the 'used by Fortune 500 Companies' pitch to be completely bogus."

Hmm, it never occured to me before, but I am, in fact, a provider of services to Fortune 500 companies. Dang. I need my own OB stock...

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#9) On December 18, 2007 at 12:48 PM, Gtrinvestor (99.77) wrote:

In the words of a famous Supreme Court ruling "I can't describe what [funny] is, but I know it when I see it"... and that my friend was funny. 

Of course the Justice in question was talking about pornography... but same difference.

Thanks for lightening up an otherwise dreary day in the market.

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#10) On December 18, 2007 at 1:03 PM, cubanstockpicker (21.03) wrote:

Does that guy work For JT MARLIN?

RECOOOOOO!!!!! 

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#11) On December 18, 2007 at 1:30 PM, TMFBent (99.82) wrote:

hee. he's right about "billboard." I meant bulletin board, of course. But what I really meant was "junk."

Lovely to get a boiler-room clod like this first thing in the morning. Lets you see just how sleazy your fellow human beings can be.

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#12) On December 18, 2007 at 4:29 PM, DudeAbides (81.36) wrote:

That was an awesome exchange.

I hope you continue to give us more of the good bits (the ramping top and bottom line figures that he will be sending to you.) 

I wonder what he hopes to achieve by insulting one of the few possible writers that might pick up his unbelievable growth story?!?! ;)

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#13) On September 15, 2012 at 7:12 PM, startrading (< 20) wrote:

"CAVEAT EMPTOR" HONG KONG ALLIANCE FUND / WAKABAYASHI FUND 

 

"BEWARE" - HONG KONG ALLIANCE FUND - "BEWARE" 

Before any public listed company on any stock exchange or private company globally signs up for what may seem great concerning your company obtaining funding, increase in share price or institutional market awareness; PERFORM DEEP DUE DILIGENCE FIRST AND FOREMOST !!!

Although HONG KONG ALLIANCE FUND LIMITED / WAKABAYSHI FUND may lead your eyes to the catchy "Tombstones" which portray results of funding; None of the past clients have ever walked away with any funding.

DO THE COMPANY SHAREHOLDERS OF YOUR PUBLIC FIRM AN ENORMOUS FAVOR AND DO SOME SIMPLE DUE DILIGENCE:CALL THE LAUNDRY LIST OF COMPANIES LISTED IN THE PROVIDED "TOMBSTONES" CREATED BY JEFF STONE - "CONVICTED SECURITIES FELON / SERIAL FRAUDSTER" - BARRED FROM SECURITIES INDUSTRY FOR SECURITIES FRAUD.

Based on the "Tombstones"... from the outside it appears that much success has taken place regarding funding. There are many nice charts provided by an individual whom has been paid for services. Catchy words such as "TERM SHEET FACILITATED". Other catchy words such as "MULTIPLE TERM SHEETS CONVEYED".

All of the listed above; ha never provided what the client any success regarding funding. Once Jeff Stone which runs HONG KONG ALLIANCE FUND HAS THE PLUG OF STOCK ISSUED FOR SERVICES; THE CLIENT IS TREATED IN A WHOLE DIFFERENT PERSPECTIVE.

In the next blog posting, you will have a laundry list of links to help save your legal department time and money to come to a swift and quick decision as to why you should pass.

Start calling the CEO's of past clients; Let them share their horrifying stories of how they were taken for the plug of stock.

"BEWARE"

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