scion
15年前
SEC CHARGES PENNY STOCK COMPANY, FORMER PRESIDENT, ATTORNEY, AND PROFITER IN PUMP-AND-DUMP SCHEME
Litigation Release No. 21193 / September 1, 2009
Securities and Exchange Commission v. Golden Apple Oil and Gas, Inc., et. al., Civil Action No. 09 CV 7580 (HB)(SDNY)
SEC CHARGES PENNY STOCK COMPANY, FORMER PRESIDENT, ATTORNEY, AND PROFITER IN PUMP-AND-DUMP SCHEME
The Securities and Exchange Commission filed a complaint yesterday in the Southern District of New York charging Golden Apple Oil and Gas, Inc. ("Golden Apple"), its former President Jay Budd, former company attorney John Briner, and Ethos Investments, Inc., with securities law violations in connection with a fraudulent scheme to inflate artificially the market for Golden Apple stock. Golden Apple was incorporated originally as CDI Developments, Inc. and subsequently underwent a series of name changes. On April 7, 2006, the Commission suspended trading in Golden Apple's securities.
The SEC's complaint alleges that:
In the fall of 2004, defendant Briner, Golden Apple's counsel, orchestrated an illegal stock offering that gave him control of the company's purportedly free-trading shares and then, as an underwriter, Briner illegally distributed the stock to entities he controlled. Thereafter, in May 2005, Briner created the false impression of a legitimate market for Golden Apple stock by initiating an artificial stock price quotation and directing a matched trade.
Subsequently, from approximately June 2005 through April 2006, defendants Golden Apple and Budd issued a number of false and misleading press releases touting the success of Golden Apple's business, first as a seller of home warranties, and then as an oil and gas exploration company.
At the same time, Golden Apple, Budd, and Briner engaged in a series of unregistered securities offerings that enabled their affiliates to obtain shares privately, sell them to the public at a profit, and share those profits with Budd and Golden Apple.
Defendant Ethos was the largest Budd affiliate to profit illegally from dumping its Golden Apple stock. In September 2005, Budd caused Golden Apple to issue Ethos five million shares of stock in violation of federal securities laws stock registration requirements and based on a fraudulent, backdated promissory note. Ethos sold the stock to the public for more than $3 million. Budd and Ethos used part of those proceeds to stage a sham financing that Budd touted in three separate false press releases. Ethos then sold more stock at prices inflated artificially by the false releases about the purported financing.
The Complaint alleges that defendants Golden Apple, Budd, Briner and Ethos violated Sections 5(a) and 5(c) of the Securities Act of 1933, and that defendants Golden Apple, Budd and Briner violated Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10-b thereunder. The Commission is seeking permanent injunctions against all defendants, disgorgement with prejudgment interest, civil penalties, and verified accountings from Budd, Briner, and Ethos, and officer and director bars and penny stock bars against Budd and Briner.
http://www.sec.gov/litigation/litreleases/2009/lr21193.htm
Golden Cross
19年前
GAPJ: Golden Apple Oil and Gas, Inc. Corporate Update
Friday March 17, 9:28 am ET
PHOENIX, AZ, March 17 /PRNewswire-FirstCall/ - Golden Apple Oil and Gas, Inc. (OTC Pink Sheets: GAPJ.pk - News) wishes to advise that its geological consultant is currently ascertaining the potential seismic requirements of various third party oil and gas companies, with the view of planning a seismic program over the Company's Cookshire property in Quebec, to coincide with other companies' programs in or near the same region in Quebec, to reduce the cost to the Company of mobilization and demobilization of the seismic crews. One of the Company's major shareholders is planning a trip to Houston, Texas before the end of March to arrange for a further micro-gravimetry survey program over other parts of the Company's properties.
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Headquartered in Phoenix, Arizona, Golden Apple is an independent oil And gas producer with a focus on North and South American properties. The Company applies advanced technologies to systematically explore and develop Its oil and natural gas opportunities. Golden Apple focuses its activities where technology can be used effectively to maximize returns on invested capital by reducing drilling risk and enhancing its ability to cost-effectively grow reserves and production volumes.
Golden Apple Oil and Gas, Inc. has a Canadian office in Toronto, Ontario to facilitate the management of its Canadian operations. All correspondence and communication will continue to be serviced by the company's head office staff in Phoenix Arizona.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.
For more information on Golden Apple Oil and Gas, Inc. including up to date news and market information, please visit http://www.goldenappleoil.com
Golden Cross
19年前
GAPJ: Golden Apple Oil and Gas, Inc. Responds to Spam & Secures Investor Relations Support
Friday March 10, 4:01 pm ET
PHOENIX, AZ, March 10 /PRNewswire/ - Golden Apple Oil and Gas, Inc. (OTC Pink Sheets: GAPJ.pk - News) wishes to advise it has not authorized the spam e-mails that are being circulated about the Company.
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The Company has not paid for nor retained any persons to re-distribute its news releases or promote the Company prior to this release. The Company also reports that the appropriate regulatory bodies as well as its legal counsel have been requested to take steps to prevent the spam e-mails.
There are no undisclosed material facts in regard to the company.
Golden Apple is pleased to announce that is has contracted with Birchstone Communications Inc. (Birchstone) to provide investor and public relations support. Birchstone provides a broad range of investor and public relations services for small cap and micro cap public companies. During the past 15 years the principals of Birchstone have worked with public companies in the US, Canada and Europe with listings on the NASDAQ National Market, OTC Bulletin Board
Headquartered in Phoenix, Arizona, Golden Apple is an independent oil and gas producer with a focus on North and South American properties. The Company applies advanced technologies to systematically explore and develop its oil and natural gas opportunities. Golden Apple focuses its activities where technology can be used effectively to maximize returns on invested capital by reducing drilling risk and enhancing its ability to cost-effectively grow reserves and production volumes.
lowman
19年前
Golden Apple Oil and Gas, Inc. Announces Benefits for Shareholders
PrimeZone Media Network - November 17, 2005 9:28 AM (EDT)
By Staff
PHOENIX, Nov 17, 2005 (PRIMEZONE via COMTEX) -- The Investor Relations Department of Golden Apple Oil and Gas, Inc. (Pink Sheets:GAPJ) is pleased to announce the completion of Phase 2 of the company's web presence.
"Our goal is to establish a presence on the World Wide Web, which will accelerate the ability for shareholders and potential investors to access real-time information about us," stated Jay Budd, President and CEO of Golden Apple. "With the completion of each phase of our web development, we get closer to our desired posture, which is total disclosure as it happens," Budd went on to say.
The Company has plans to release information over the coming months on the findings of Geological and Geophysical surveys, in addition to the hiring of senior management and industry consultants.
Headquartered in Phoenix, Arizona,
The Company's common shares are listed on the Pink Sheets under the symbol GAPJ. The Company has 25 million shares currently outstanding.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.