Libertyville, USA -- Nov 11, Pluvia Securities Research Continues Coverage of IVANHOE ENERGY (NasdaqSC:IVAN), at the current price, with a STRONG SELL/SHORTSELL Recommendation and a target price of under $1.00
Ivanhoe Energy Report - PART TWO
TOXIC BOB - ENERGY vs MINING
IVAN’s promoter, known as “”Toxic Bob Friedland” has made his fortunes by “promoting” or “hyping” the value of minerals he “claims” are in properties he acquires.
Toxic Bob’s fortunes have not been made from the companies he owns actually turning a profit. Toxic Bob has made his fortunes by “pumping up” the price of his public company’s stock based on fantastical claims he makes about the “hidden wealth” in the companies ground. A pattern he seems to repeat at IVAN.
With IVAN, he also finances the company’s exploration and operations by selling millions of dollars of stock into his stock “pumps”, often at below market prices, which history has shown usually causes a collapse in a company’s stock price.
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**It should be noted in fairness to Toxic Bob, his biggest success was a nickel discover in Newfoundland on a property he had HYPED as being rich in diamonds. No diamonds were ever found, and thusfar, the company who bought the property from Toxic wishes they hadn’t.
TOXIC BOB GOES DRILLING
Apparently nobody told Toxic Bob that making money in the Energy Biz was a little different than paying promoters to hype underground fortunes, then selling stock. In the energy biz, you need to actually prove there’s oil and gas on the property. Here are IVAN’s results to date.
Next Up - TOXIC BOB GOES TO CHINA – And Fools The Chineese
IVANHOE ENERGY (IVAN)
RESEARCH REPORT PART TWO
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