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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC.
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To: Spamboy who wrote (3642)5/4/1999 11:53:00 AM
From: Angusb  Read Replies (1) of 4128
 
"You need to be responsible for every word you say now days. These are changing times my friend. I'm simply going to suggest that you think before you post, watch out for incriminating speculation."

Such dire consequences for anyone who might question the world according to Kelly and Cowboy. But question it I am, specifically:

1) You claim that ABFG is a good investment and advise people not to sell yet in the absence of any audited financial statements whatsoever you have no basis to evaluate the company.

2) Kelly claimed to have an ad for the astrodome yet others have followed up and found that this is not true. I suggest that at worst that Kelly is an out-and-out liar and at best is not very careful in determining the accuracy of his claims.

3) If Kowboy's claims are true then Kelly has been freely and illegally giving out insider information about ABFG. Either Kowboy is a liar or Kelly is a crook (or possibly both). This is an added concern in that even if the company is basically honest with a lot of potential Kelly and Kowboy's actions could very well trigger an SEC inquiry or even trading suspension.

4) ABFG posted doctored photographs on their website giving the impression that ABFG owned mines and sophisticated mining equipment. We have subsequently found out that ABFG does not own this equipment and their excuse that they got permission from the leasing company that owned the equipment is irrelevant. The use of the doctored photos was fraudulent. Look at it this way, if I owned a small airline company that traded over the BB (say we had one Cessna and one Beaver), and I put photos of a 747 emblazoned with "AngusAir" logos on my website, would permission of the 747 leasing company somehow make it all okay???

5) Posters have asked whether ABFG owns mines in Madagascar and where these mines are located for over a month now. The company's refusal to answer this question is very strange and leads me to speculate that perhaps they don't own any mines at all. It would not be the first time that a BB company has fabricated claims - buyer beware.

6) A poster claims to have correspondence from the Malagassy government stating that neither ABFG nor any of its named subsidiaries own any mines. This is a shocking claim (which if true indicates criminal fraud) that has gone unanswered by the company for over a week now. I have no way of knowing whether the posters claims are true but the absence of any response from ABFG leads me to suspect the worst.

7) ABFG, as HV pointed out, has set out on a bewildering business strategy combining exploration/mining/fabrication/retailing/and 3D internet "shopping mall". From my own business experience I have found that small companies with unfocussed business plans that require them to simultaneously develop expertise in multiple disparate fields usually fail.

Just a sampling of some serious questions. Until the company comes up with some really good answers I strongly advise any prospective investor to run not walk away from ABFG.
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