By: mike306oh
18 Dec 2004, 01:22 PM EST
Msg. 19426 of 19437
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***The BIG LIE! A MUST READ***
Dot #1. Mellon Exchanges Assets with Pearl Asian Mining
Thursday December 16, 2:08 pm ET
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Dec. 16, 2004--Mellon Research, Inc. (Pink Sheets: MLON.PK - News), the market leader in providing boutique investment banking services to private mid cap companies.
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Mellon (OTC:MLON.PK - News) today announced that it a acquired 3,000,000 shares which is less than 5% of Equity Retirement Distributors Canada Ltd. (ERDTF.PK) from Pearl Asian Mining Industries, Inc. (PRMN.PK) in exchange for 500,000,000 newly issued MLON shares subject to SEC RULE 144.
The approximate book value of this acquisition by Mellon Research Inc. at the current market price is $45,000,000.
2. Dot #2: Let's take a look at PRMN
ddmachine.com
Go to "News," hit Yahoo, and (i) check out the latest PR to make sure this is indeed what Mario was referring to, and then (ii) check out the closing price of PRMN on Friday.
3. Connecting the dots:
$0.03 PPS x 3 MM shares = $9 K
4. Can you at least now see the picture?
Mario is claiming: "The approximate book value of this acquisition by Mellon Research Inc. at the current market price is $45,000,000."
IT IS 9 Thousand $'s, and NOT $45 MM. And the crook did not even have $9K available to invest, but instead paid it with 500,000,000 "newly issued MLON shares." That's all he has.
So, the true value of MLON shares is: $9K/500 MM shares = $0.000018/share. But wait: this PPS will be somehow accurate only in the case MLON made a cash investment. Instead they sold 900 MM worthless shares, so the TRUE value here it's ZERO. Got it folks? Zero! Zip! Nothing!
5. QED
Are you fools at least now seeing this scam for what it really is? Can you at least now see the big lie Mario was feeding you all along? If not, go ahead donate your money to this con artist.
To make it short, I'm now convinced this is one of the biggest (yet transparent) scams I came across in a long, long time. Your hero is a crook, and a fool! And everyone helping a crook (the shamless pumpers here) is also a crook. The others are just fools, and daylight dreamers. Sorry folks!
6. What's my part on this?
I never hold any shares here. After some previous bad experiences I'm not buying anything w/o a decent DD. Last week, since it was pumped all over the other boards, I started doing my DD on MLON. I spent several evenings looking into everything I could find. Since the PR's are so idiotic, I started to look to details, i.e., about Mario (I already posted here what I found - and it's not pretty), and other things.
Even if (and especially then) I knew the shameless pumpers here (most of whom I'm sure know this is a scam) will manage to take it into pennies (which I doubt), I want no part of it. I only posted here since I spent over 10 hours looking into this, and I thought the day dreamers ought to know what I found.
So long jungle (see my previous post on it), this is my last post here.
Take care folks, and Merry Christmas everyone!
Mike
ragingbull.lycos.com |
