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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC. -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (480)	3/26/1999 6:54:00 PM
From: RBuddy	Read Replies (1) \| Respond to of 4128

*DANIEL - YOU HAVE BEEN USED!!!!!!* I had allot of money into this "company" and after watching the "live" broadcast and listening closely to the conflicting "news" of these people in Florida, I've come to the conclusion IN MY OPINION that this is a total LIE!!!!! I'm extremely angry at the loss I had to endure with this. Here are the reasons for my conclusion - AGAIN THIS IS MY OPINION: 1) After all the criticism last night on this discussion site I said to myself "watch this" SOMEONE is going to sell-off this stock first thing this morning and it would be interesting to find out who. There must be a way to find out. Well...sure enough - I was right. I watched quote.com and saw approximately 30,000 to 50,000 shares all sold within minutes of each other as soon as the market opened. WHO was that? 1) Look at the American Benefits Logo closely on the "mining equipment" in the photographs. The Logo is a computer photograph -copied and pasted on the mining equipment photo. If you look closely you'll see the difference in colors and the unsuccessful attempt at touch-up on the outside of each logo. Also LOOK at the more distant photo of the so-called equipment and you'll see that the Logo is much larger in proportion to the doors than than in the up close photo. How can that be!!!? The Logo should be smaller on the distant shot - it's not!!! (You blew it boys!). WHY is this important Daniel? Because it impeaches the truthfulness of these people because it suggests DECEPTION!!!! 2) Talking to someone supposedly "at the mine" on a telephone doesn't "prove" that there IS a mine. What a joke!! Making the phone sound scratchy and the person speaking had to speak so loud because he was so far away... Come on!!! Maybe finding a sound track of warriors yelling and screaming in the background might have been more convincing fellows. 3) Inconsistent statements: First they say/show supposedly having mining equipment and people "now mining the gems" (interesting - you don't see any people working in those first mining equipment photos - absolutely NO ACTIVITY GOING ON!!!! and then... in the video last night THEY CONFESS AND SHOW THAT FOR NOW THEY ONLY HAVE SOME MEN WORKING WITH PICKS ONLY!!!!WHAT!!!OH YEAH!!! HOW COME THE MINING EQUIPMENT WAS NOT BEING USED????? 4) The background information provided by Jeffrey S. Mitchell above is VERY COMPELLING. How can you ignore these facts as posted in that local newspaper? (Incidentally, great job Jeffrey...I think all of this new information should be presented to the Attorney General in Florida and the local newspaper that originally published those reports (EVERYONE - MUST READING... go to Jeffrey S. Mitchell's posts above). Like I said I lost quite a bit of money because of this situation and I was originally very FOR this company and believed... Now I believe we have all been taken in and I predict that in the very near future there will be no one answering phones or showing videos in this little room anymore...

To: Daniel Miller who wrote (480)	3/26/1999 11:05:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 4128

Read old news releases etc... Daniel, excellent advice. I'll give you the benefit of the doubt you've read all the past PRs, but, please, do me a favor and reread this one: American Benefits Group, Inc., makes an acquisition. Deerfield Beach, Florida: American Benefits, in exchange for Three Million (pre-split) Common Shares of the Company's restricted (pursuant to Rule 144) Common Stock, has acquired 90% of the issued and outstanding stock of Saowani Developments s.a.r.l. ("SAO") a Company incorporated in the Democratic Republic of Madagascar. SAO has joint ventures for thirteen mining perimeters (properties) and has options to Joint Venture on an additional two Emerald perimeters. American Benefits has also entered into an agreement with Dove Gems and Jewelry Co. Ltd. of Bangkok, Thailand for the The Board of Directors has accepted the resignation of Fillip Sharifi effective February 7, 1998. Mr. Sharifi is involved with other mining purchase of mining equipment to perform feasibility tests which will assist in determining the economic viability of the perimeters. projects, which the Company feels may be a potential conflict of interest to the Company's operations. American Benefits' Mission Statement is to explore, develop and market Emeralds, Sapphires and Precious Metals. To acomplish it's mission, American Benefits will be an active and aggressive Company developing its portfolio of interests to compliment each other from mining concessions through to and including the marketing of the finished products. abfg.com. ===== OK, quiz time: 1. Assuming Saowani hasn't sold a single share, how many would they now own? A. Three Million B. Six Million C. None; Saowani paid ABFG 2. What rights to profits from the Saowani mines does ABFG now have? A. Full rights B. 90% of the rights C. Impossible to know 3. The Saowani mines are A. Loaded with gems ready to be mined B. Loaded with gems but not ready to be mined C. Impossible to know ===== Answers: . . . . . . . . . . . . 1. B. Six Million The PR says "Three Million (pre-split)", the key phrase being "pre-split", which implies a split has since taken place, thus doubling the number of held shares. Take note that there are potentially almost as many shares held now by this one entity as there are shares in the entire public float! Imagine what might happen to the share price if these guys starting dumping. 2. C. Impossible to know The PR says "SAO has joint ventures". "Joint" implies SAO is sharing the work/profit with additional parties. Is SAO a majority owner, minority owner, or just a fractional player? Who knows. 3. C. Impossible to know The PR says "...purchase of mining equipment to perform feasibility tests which will assist in determining the economic viability of the perimeters." In other words: a) we don't have a clue if the properties are worth a penny, let alone the $3 million of so we paid in stock for it, and b) we don't own the proper equipment yet to even do the feasibility tests! - Jeff P.S. Based on the above, wouldn't you want to know for how long Saowani was restricted to sell their six million shares? If the restriction period expired long ago, wouldn't you want to know how many shares those guys still had left? And who is Saowani; were they a "related-party" transaction?