dealie-
you might be interested in what stock lemon has
to say about donald rowe's advice and credibility.
stocklemon.com
(info on donald rowe starts about 8 paragraphs down)
March 24 , 2003
Stocklemon Reports on Storage Alliance (OTCBB:SGAL)
Everything About This Company is Sour.
Storage Alliance is a data storage and content management company that focuses on the petroleum industry….at least that is what they claim to do. As you will see in this report, the company is riddled with conflict on interests and what they do not disclose to the public is much more interesting then the lack of revenues that they do report.
Shares Outstanding- 10 million
Market Cap- $18 million
Revenues for 2001- 0
Revenues for 2002- $53,713 (year ended Oct 31, 2002)
Storage Alliance‘s only customer will not pay them….currently in lawsuit. Never disclosed to shareholders in an 8K
According to the company’s 10k filing, “ International Datashare Corporation was our largest customer for the period ended October 31, 2002 and accounted for approximately 100% of our total revenues.”
Yet, as we read on in the filing, “ On February 5, 2003, we commenced a lawsuit in the Alberta Court of Queen's Bench, Judicial District of Calgary, against International Datashare Corporation seeking payment for services rendered to International Datashare pursuant to a LinkPort Application Hosting Services Agreement, dated May 1, 2002. We have claimed $159,000 (CDN$246,455) plus interest and costs. International Datashare has not yet filed a defence to our lawsuit.”
It Gets Even Better!!!!
International Datashare stopped paying Storage Alliance in the last quarter of 2002. It was about the same time that Todd Chuckry, the Vice Chairman of International Datashare, , stepped down for “personal reasons”. You will never guess who owns over 400,000 shares of SGAL……Todd Chuckry. Were these shares given to him in return for his company giving business to Storage Alliance? This must be addressed to the shareholders of both Storage Alliance and International Datashare.
storagealliance.com
Racing Resources
On January 27, 2003, Storage Alliance announced that they have entered an agreement with Racing Resources. The Headline of the press release reads “Racing Resources Trusts Storage Alliance with Their Applications.”
biz.yahoo.com
Can you say, “Scam” ?
Racing Resources shares the same office and phone number with Storage Alliance. Click the below link and scroll down to the address of Racing. Then click on the next link and look at the address for Storage Alliance. Look at the address and fax numbers of both companies.
transgas.sk.ca
storagealliance.com
Donald Rowe Must Be Investigated
Stocklemon is aware that many people have bought SGAL because of a recommendation from newsletter writer Donald Rowe. Mr. Rowe claims that he was not compensated for this report. Stocklemon does not believe this. We strongly encourage the NASD and the SEC to investigate the motivation of Mr. Rowe. How can Mr. Rowe say his #1 stock pick is a company that received a going concern, or a company whose greatest capital asset is their office furniture? His report has no statistics and is full of rhetoric. It is the opinion of Stocklemon that Donald Rowe is a wolf in sheep’s clothes and this is the WORST form of stock promoter.
wallstreetdigest.com
What do you say about this Donald Rowe?
On Donald Rowe’s website he publishes his great predictions of the past few years. It is the opinion of Stocklemon that Donald Rowe holds as much credibility as Mrs. Cleo and the Psychic Network. Read the link below as Donald Rowe talks about the stock that will change the world. Half of his list includes: Global Crossing, WorldCom, Excite @home, and CMGI.
thebullandbear.com
A Challenge to Storage Alliance and Donald Rowe.
Stocklemon believes that many questions must be answered to their investors. Stocklemon will pay for a conference call so that Donald Rowe and Storage Alliance can address the following issues. If Storage contacts us, we will release the date and time of the call to all interested parties.
1. Who provided the last round of financing to the company?
2. Who are the offshore investors who control a large position of free trading stock?
3. Who were the recipients of the Unregistered Sale of Reg. S stock?
4. Why did the company not file an 8k discussing the lawsuit with International Datashare?
5. How was Mr. Rowe compensated for his newsletter opinion?
6. What is the relationship between Racing Resources and Storage Alliance?
7. Why did Todd Cuckry receive over 400,00 shares?
Conclusion
Stocklemon believes that Storage Alliance is nothing more than another stock promotion that we have seen one too many times. In our opinion this stock should be no more than .25 cents and we have full confidence that it will be there in the near future.
******************************
A.) the health of the stock market is dependent upon the
health of the economy...
B.) the health of the economy is dependent upon the trust
and willingness of the global markets (customers) to do
business with america's companies...
C.) the trust and willingness of the global markets
(customers) to do business with america's companies is
dependent upon the policies and actions of the president
and the congress of the US government.
don't look for a change in A before you see a change
in C and a corresponding change in B.
however, we know that the stock market is forward
looking and if its players foresee a change in C
they will speculate and you may see a premature
rise in stocks in anticipation.
that's my theory and i'm sticking to it. <g>
my guess is that this administration is going down
and will be replaced in january 2005. good reason
to be bullish - but it's high risk at this point.
i believe you like the high stakes, high risk games
though. no?
-polvo |
