As of 10-04-04, employees and or Directors of IOC have subscribed to 0 full annual subscriptions for Edgewater's newsletter and research information. In addition, IOC has purchased 0 research reports from Edgewater at the standard price of $30 each. On 10-08-04, IOC's Investor Relations agent, Lighthouse Capital Ltd. purchased 325 Initial Coverage Research reports for $30 each. Additional ongoing disclosures regarding purchases of materials by IOC from Edgewater, are periodically updated on the website.
edgewaterresearch.com
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edgewaterresearch.com
The principal of Lighthouse who has been “promoting” InterOil is Carl Caserta. Mr. Caserta has been bringing InterOil around Wall Street attempting to attract buyers to the stock. Casserta has an interesting history of his own. In 1990, Carl Caserta was sued by the SEC, which barred him from any association with a broker, dealer, or investment advisor.
casertasec.pdf
casertawallstreetjournal.pdf
In 1998 Caserta involved himself in Ivana Trump’s failed internet retailing venture. Barron’s referred to Caserta as a “questionable character”. The full article can be read here.
casertabarrons.pdf
Not at all coincidentally, in the opinion of Stocklemon, simultaneous with the insertion of these individuals, InterOil has quickly gone from a $200 million market cap, where it has spent the most of the last 5 years, to a valuation of $1 billion in four months.
Carl Caserta’s name appears only once in SEC filings of the last five years: in conjunction with the infamous Warp Technology Holdings (OTCBB:WRPT), a Carlo Civelli-operation that collapsed to pennies nearly overnight. Therefore, Stocklemon assumes that Civelli and Caserta have a prior relationship and are collaborating in the promotion of InterOil.
citronresearch.com |
