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Technology Stocks : AXVC - Axial Vector Engine Corporation -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (1)	9/7/2005 1:34:37 PM
From: tomsang	Read Replies (1) \| Respond to of 133

Axial vector is run by Sam Higgins. Sam was convicted in the previous stock pump and dump of fraud. Sam was the President/CEO of Spectrum Oil, Spectrum Arabieh, Spectrum Technologies, etc All the same company, but he changed the names every once in a while. There are three articles on Spectrum and Sam Higgins on Stock Patrol Here is a link to the last one. It links the previous two as well. stockpatrol.com Sam lost a fraud lawsuit in Kern County to the Sneads for $400,000+ which he hasn't paid them. Sam is following the same program here as he did with Spectrum. 0) Find an SEC shell company to give perceived credibility 1) Get a Phd on board to add credibility sometimes real others made up. 2) Promise financials, patents, and proof 3) State that financining and partnerships were finalized which never materialize 4) Change the story to different technology when the lies are being figured out. 5) Talk about the dubai or other sales offices that no one can verify. Also say other governments have proven the technology, when you track down the other government they flat out say that is not true. 6) Flee the country when it gets too hot It was researched and presented that Sam had other convictions in Oregon by other researchers of Spectrum. With the fraud from the Sneads and the alleged convictions in Oregon, it would be doubtful that the SEC would allow him to be a director of an SEC company. Unfortunately, the SEC doesn't do research at this level for Penny Stocks. Sam was also involved in some shaky dealing with a company out of Canada called GDM. He alleges thst a scientist fooled everyone and took advantage of the situation. This was decent excuse until stockholders of GDM called him on a lot of other quesitonable stuff, and to top it off later on he hired that person at Spectrum. Sam tends to use the same people to pump and dump. He uses Knobias, certain consultants, etc. I strongly recommend that you don't invest in this company as even if the technology is strong, he probably doesn't own the rights. He claimed that he owned Vapaire, until the true owners came to the board and told everyone that they broke off discussions with Sam 6-8 months before, yet Sam was still claiming ownership and unbelievable potential. From checking with the USPTO, I couldn't find any patents filed or pending for Axial or Aero Marine. I would be interested in what or who actually owns the technology. The SEC documents show $56k in current assets, and $2.1 million in current liabilities at March 2005. The June financial statements were suppose to be filed already, but they aren't sec.gov Axial's president and CEO Brouzes resigned on August 20th, 2005. Axials site still lists him as the president CEO prnewswire.com Good Luck, Tom