Stocklemon Reports on Global Development and Environmental Resources
August 23, 2005
stocklemon.com
Global Development & Environmental Resources (GDVE.pk) ….YOU HAVE TO READ TO BELIEVE
This month is the 4 year anniversary of Stocklemon. Nothing is more fitting than an “old school” stock promotion. With a combination of: convicted felons, mail order degrees, unscrupulous newsletter writers, sheer absence of financial disclosure, and misleading press releases, Global Development is the ideal anniversary lemon.
The CEO of Global Development is “Dr” Phil Pritchard. It appears to Stocklemon as if Dr. Pritchard just took public his own personal environmental consulting business.
philippritchard.com
gderinc.com
So therefore, the integrity and financial credibility of Global Development rests on the shoulders of Dr. Pritchard. So lets see what we know about him.
Phil Pritchard “earned” his Doctorate in Philosophy in Environmental Management from Southern Trinity University, as we see from the digital image of his diploma on his website.
Southern Trinity University is a diploma mill that got sued by the Pennsylvania Attorney General for giving an MBA to a cat. Yes, this is true.
philippritchard.com
(8th image down, on the left, is “Dr.” Pritchard’s PhD.)
phillyburbs.com
consumeraffairs.com
news.com.com
OK, so Mr. Pritchard is not a scholar. But maybe he just has a HUGE environmental cleanup business. After all, in earlier press release he did state that he has an $80 million work backlog. Clearly, that wasn’t business won in the last month since the reverse-split and reverse merger shell game just 5 weeks ago.
Maybe all of this business belonged to Mr. Pritchard before he took his company
public. He must be one wealthy man … NOT.
According to the courts of the State of Illinois Bankruptcy Courts, as of last year Mr. Pritchard had 0 Assets … nada … nothing … broke.
stocklemon.com
IT GETS WORSE
Look who is the CFO/Business Advisor…A TWO TIME FELON.
In the press release dated August 19, 2005, we learn that the CFO of GDVE is a man named Anthony Anish. biz.yahoo.com
Talk about the wolf guarding the sheep. Mr. Amish is the principal of AM Capital in Costa Mesa, California…not much experience in being a CFO. But look what he does have experience in:
Mr. Anish is currently on probation and just got off his ankle bracelet for embezzlement.
nbpd.org
soccer.loop48.com
IT GETS WORSE
That is not the first time Anthony Anish has plead guilty to a felony. In 1998, Mr. Anish plead guilty to mail fraud in his part in a "bust-out" scam. The below 2 links detail the nature of the crime.
stocklemon.com
stocklemon.com
Here is Mr. Anish's record with the Bureau of Prisons
bop.gov
A CAUTION TO INVESTORS
We have read the report put out by Agora Publications authored by Carl Waynberg. pennysleuth.com
This reporting is irresponsible and dangerous – it is exactly this type of reporting that has gotten Agora Publications in trouble with the SEC in the past.
sec.gov
Global Development has NEVER filed even a disclosure statement with the SEC. Therefore, the company is not on record for any statements of fact for which it can be held accountable, or upon which anyone can reliably publish opinions. For anyone to say this is the “next great stock” without ever seeing the financials of the company is dangerous. Either Mr. Waynberg is lying or has inside information … either one is bad.
IT GETS WORSE
Stocklemon believes that newsletter writer Carl Waynberg is in cahoots with 2 time felon Anthony Anish and the investor relations firm of First Capital Investors Inc. Just when Carl Waynberg makes you think he is independent, we see that he has worked with Anish and First Capital as he recommended another stock of theirs …Gateway International, on the Pink Sheets.
Anish is the “business Advisor”
marketwire.com
First Capital is the IR Firm
gwyi.com
And Good Ole’ Carl Waynberg is the “analyst”
gwyi.com
Global makes its headquarters in a small executive suite in Las Vegas, NV. But that’s all it takes to send out PR’s. Global Development has put out these past 3 PR’s discussing contracts and revenue opportunities:
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
Stocklemon has not been able to independently confirm even one of these to be true. More importantly, Stocklemon spoke to Robert Sullivan – Senior Vice President of Investor Relations and Capital Markets from Land America and he is not aware of any contract with Global Environmental and never authorized the release above.
Conclusion
It is the opinion of Stocklemon that the trading days of Global Development & Environmental are numbered. As for management integrity – calling themselves a PhD with a mail order diploma, and the multiple frauds of the CFO/business advisor – speaks volumes. In future installments, Stocklemon will uncover the promoters behind Global Development and reveal how this stock promotion is being orchestrated.
Cautious investing to all.
Disclaimer:
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