Shorties in Trouble!

[Dj Hemp]

www.naabtrade.com/monthlies/halloween04.htm
These guys called the hault before it was announced. The page was removed from their site 20 mins after it started spreading on RB. Here is googles cache of the page that I found.

64.233.161.104/search?q=cache:E7256rzp050J:www.naabtrade.com/monthlies/halloween04.htm+&hl=en

This might not be up long there either since naabtrade can request to have that deleted from googles cache. I will just have to post in on cmkx.yazzi.com.

[gluggo]

Was that in regards to this post;
I sent that to a SEC person and I was told it was forwarded to the proper division within the SEC. Lets hope that the SEC takes our request serious.;

US Canadian Minerals—The Latest Ponzi Scheme?

October 2004 Issue



We are initiating short positions in US Canadian Minerals (UCAD.OB). This is a short seller’s dream stock. As long as we do not get squeezed we are going to ride this into the ground. Here is the story of UCAD. It has a market cap of $100 million or $300 million depending on which outstanding share count you use. In the last SEC filing on 8/23/2004 they listed cash of $1.321.00. Some of my friends carry that much in their wallet at times. You can guess what the revenues are. Zilch, Zero, Nada. They received a “going concern” letter from their auditors. So what is UCAD and why has it gone from under a $1 to over $15 in the last few months? UCAD has undergone a series of swaps of money, shares, mines, trucks, offices, diamonds, you name it, with other worthless pink sheet companies. There are so many details to these deals it makes my head spin. As StockLemon says “The mines have no proven success; you can shuffle worthless entities around all day long, but at the end of the day ... you still end up with nothing, regardless of share price.”



It is believed that UCAD is delinquent in submitting 8K’s to the SEC that would explain to regulators how their business is going to be funded with that whopping $1321.00 they have on the books. The SEC could and may halt trading at any moment. But there is more to the story. The largest shareholder, John Edward Dhonau, has been associated with many companies in the recent past. Here is where they all currently trade. PYBS ($0.03), FDNN ($0.002), VEII ($0.115), CYGX ($0.25). Wish I had all those in my 401K. NOT! In a recent bio he stated that he was president of World Class Network, a private company that developed hotel tour packages. World Class was charged with consumer fraud and ordered to pay over $3 million back to clients. The company was merely a multi-level marketing scheme. Dhonau was once sanctioned by the Ohio Securities Commission for selling unregistered securities.



How about the CEO? Rendal Williams, former CEO of failed Barrington Foods, a soy product venture. Fresh off the food company failure, he takes over the reigns of a mineral company. Sounds like a jack of all trades. A recent interview with Mr. Williams can be heard at www.thegreenbaron.com. The president of UCAD is John Woodward, an inactive California attorney. Curiously Woodward is also listed as the president of CYXG ($0.22). Also curious is that Mr. Dhonau is also the largest shareholder in CYXG. Does this sound like a web of deception or what? The COO of UCAD is Richard Taulli. He has been linked to several bulletin board and pink sheet dogs as well.



I’m not sure how the CEO, COO, and president are going to divvy up the remaining $1321.00 for their year end bonus. UCAD had been quick to release press touting that their financier, Langley Park Investments, has been cleared to trade in the UK. Wow! Trade in the UK, how prestigious! Langley has committed no money and probably has none, UCAD has not filed an 8K discussing this relationship, and Langley is nothing but a hodgepodge of worthless penny stocks. Why doesn’t Spitzer go after guys like these? We encourage you to also visit UCAD’s glorious website at www.uscanadian.net/. Be sure and get your CKMX Visa card too!! This company is laughable.



UCAD currently trades at just over $15, so we are initiating short sales at $15 or above. Many of our Portfolio Managed Program clients will start to see short sales in your accounts over the next few days as we try to find the shares to borrow. Shares may also become more available for shorting after the 3 for 1 stock split goes into effect. UCAD has released no details as to when that will be. Don’t ask me why they are doing a stock split either? It may be halted from trading before the split is ever effected.

and a more updated link; www.naabtrade.com/monthlies/thanksgiving04.htm