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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company -- Ignore unavailable to you. Want to Upgrade?


To: Psycho Killer who wrote (1052)3/24/1998 11:07:00 AM
From: Jen Ricci  Read Replies (2) | Respond to of 2232
 
Guys,

My contacts say that we will all make a lot of money. But I think that James is right, it may be a scam. Either way, the future looks good. Unless its all untrue, then it looks bad. What do you guys think? I think that we can all be friends regardless.



To: Psycho Killer who wrote (1052)3/30/1998 3:28:00 PM
From: Psycho Killer  Read Replies (3) | Respond to of 2232
 
I'd like to ask HNLY to post, publicly, detailed biographical information regarding its President/CEO Martin B. Swarzman. The reason is that I think, based upon research in a number of databases, that HNLY's Martin B. Swarzman is the same person mentioned in the articles I'm about to quote. (HNLY's press releases refer to a "Martin Swarzman" without a middle initial, but HNLY's filings with the Florida Department of State contain the initial.)

To be clear, I am not certain it is the same guy. BUT there is enough evidence suggesting that it is the same guy to call for a public response by HNLY, and HNLY's website is incredibly vague about Mr. Swarzman's past.

Here are quotes from two articles, both of which are available on LEXIS/NEXIS in the News library, Allnews file:

The Record (Bergen County, New Jersey newspaper), June 13, 1986:

Two New York men were sentenced to prison yesterday in connection with a scheme to defraud the Midatlantic National Bank-Citizens of West Patterson and ordered to make restitution of nearly $1 million.

Martin B. Swarzman, 55, a New York businessman, was sentenced by U.S. District Judge Harold A. Ackerman to six months in prison and a five-year probation.

Murray Hyman, 54, a certified public accountant and a business partner of Swarzman, was sentenced to three months in prision and a five-year probation.

* * *

United Press International, April 22, 1986

In their guilty pleas, Swarzman and Hyman admitted to hiding the fact Swarzman owed $6 million to one bank while applying for a $1 million loan from another.

Authorities do not know what happened to the money from the $1 million loan, [Assistant U.S. Attorney Jonathan] Feld said. he said authorities suspect the money was deposited in checking accounts at banks in other states, or invested in oil and gas ventures.

* * *
After looking though some databases and a number of documents filed with states and the SEC, I am comfortable raising this issue in public. For example, HNLY's Martin Swarzman and the Mr. Swarzman mentioned in the articles seem to be the same age, and there is publicly available information suggesting that the Martin B. Swarzman who lives in Florida used to live in New York.

As I said, I am not CERTAIN I have the right guy, but if I am wrong I am sure HNLY will correct me. It's about time the company told the public something about its President and CEO.


-- Jim