posted
New information that I have sent out to stockpatrol.com. I will continue to find out a means of bringing Damian Guthrie to justice. Slippery, I would suggest you and others to express your concerns to stockpatrol.com as well. They say that they will follow up on tips. I read an article from them in USA today.
Here is the email that I sent to them.
From: xxxxx Sent: Tuesday, November 15, 2005 7:55 AM To: 'tips*stockpatrol.com' Subject: Damian Guthrie - CWFG
To whom it may concern,
I bought into a company without doing the just research needed, after a while I came to find out that a Damian Guthrie who was the supposed president of this company was putting out information that was misleading and what I believe became a lie in the end.
1) Damian Guthrie has been involved in three companies that I know of and could get research on. None of the companies ever showed profit. Guthrie always used words in his PR's as looking into, negotiating, planning on. I called and confronted him while in the company that I was in, he would not answer to his PR's of anything coming out of his PR's. He could not answer as to why none of his companies were going to the bottom fast. He would change the name of the company and name himself president. He would state in the PR's that the company had named him president of the company, like there were people that actually worked for the company. I came to find out through other investors and my own research that he has been the only one in any of his companies. (I want to make a quick addition right hear to make a foundation of why I am coming to you. Damian Guthrie also does Equestrian jumping as a sport. I and others feel that we have been used to support this endeavor through his false PR's and fake companies).
2) Damian Guthrie put out a PR that he had submitted bids for gov't contracts through FEMA. When I called him about his CCR number that is needed he put out a PR statement saying that he had one. When I went to the website it showed that his application was not complete because of missing information. The individual continued to put out PR's about submitting bids in the millions of dollars which enticed more innocent investors, because the stock was at an all time low of .0003 - to .0001. I called him again about the missing information. He acted as though he had no idea that his application was missing information. I asked him how he wouldn't know it was missing, because he would have to have a number to submit bids for contracts. He got upset and told me that he was spending serious time trying to get contracts.
3) On his website Damian Guthrie listed an auditor up in New Jersey. After researching and finding the companies phone number, I called the company and they had never heard of Damian Guthrie. I called and confronted Damian about this and he said that he had spent 10's of thousands of dollars through the company, but he could never produce any records to myself or other investors.
4) Guthrie's next move was to sell the shell to a Ms. Ryals in Florida and Guthrie abandoned the company all together. He never had anything it was all false because nothing could ever be shown from his PR statements.
After confronting him several times with the above statements and emailing him several times. Guthrie's final move was just as I described in the 4th detail above.
Is there anyway to bring this man to justice or is this legal? Please do any research or ask any questions because myself and others were lured into this company by the PR's from this individual.
who controls the bid/ask for a stock? is it the company (CWFG) or another entity?
wouldn't the pps go up with they raised the buy to .0003 and people bought it but kept the sell at .0001 until it picked up some steam?
Posts: 78 | From: Philadelphia, PA | Registered: Aug 2005
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The Market Makers and the insiders (the company itself or the stockholders of the company) will often attempt to control the bid, ask, and PPS -- and with penny stocks controlling that stuff is relatively easy to do in comparison to the big stocks, and insider trading can be harder to regulate, while stock dillution (creating extra shares and releasing them into the market) can be hard to track.
All those things effect the bid, ask, and PPS .... but in an ideal market situation, the bid, ask, and PPS are controlled only by the people actually trading the stock, and the ups and downs of the PPS are due solely to demand (which in turn is based on research, the company stats, PR, rumours, etc.)
For instance, let's say I'm trying to sell CWFG at .0003 and others are trying to sell at higher prices... those are the ASK prices. Then, if you're trying to buy at .0001 and someone else is trying to buy at .0002, those are the BID prices. Whatever the stock actually sells for is the PPS.
Usually the PPS ends up being right in between the bid and ask, but if demand is low the PPS will follow the bid prices down, while if demand is high the bidders will have to follow the ask prices up. That's what people mean when the say "the sellers control the price" or "the buyers control the price."
What you see on normal stock-reporting tickers/software is just the basic bid -- either the lowest ask/highest bid or an average bid and average ask or the most common bid and ask, depending on the situation and the platform that you're getting the data from and how frequently the info is being updated. However, if you have access to Level Two data (what people call L2s or LII's), then you can see the full bid-ask breakdown, which will give you a better idea of where the stock might go (if a lot of people are bidding low, the stock might be headed down, but if a lot of people are asking for high numbers, then the stock might go up).
With CWFG, because the hoped-for contracts never came, and because of dillution, and because of the forward split (which I think was used to cover up some dillution), and because of the rumours now going around that the company was never anything more than a shell company run by a scam artist, and because so many people were able to buy at such a low PPS over the last couple of months... We're now in a bit of a pickle. But so long as the company does not pull a reverse split on us, it can't get any worse -- so that's good. And the new owner might be awesome, so that would be good. My only current fear is that the new owners of the company will continue to dillute or will pull a reverse split (the last CEO said "no reverse split", but we don't know yet whether the new CEO will stick to that). However, if the new owners are more honest than the last owner, release some frequent PR to keep us up to date on company activities, make even a little bit of money, and don't reverse split, this will be a good stock once again.
quote:Originally posted by evokiosk: just wondering, (newbie question)...who controls the bid/ask for a stock? is it the company (CWFG) or another entity? wouldn't the pps go up with they raised the buy to .0003 and people bought it but kept the sell at .0001 until it picked up some steam?
posted
i think we should talk about the future of cwfg rather than the past, so i suggest to start a new topic for the guthrie's case.
-------------------- thanks to all GZFX panic seller!!! Take a look at CWFG....did I mention ITGJ ? Posts: 216 | From: my mother!! | Registered: Nov 2005
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I go away for a couple of days, and you guys turn my thread into a dumping ground....
No more negativity, we play the hand we have been dealt, and move on!!
HAVE A GREAT GREEN DAY TOMORROW!!
-------------------- I'm not going to comment further, as I refuse to get into a battle of wits with an unarmed person.... Posts: 546 | From: Columbus | Registered: Aug 2005
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posted
It makes no sense to dump the stock now at .0001 if ones believes a R/S would be coming. If it is announced, it could actually move this stock higher giving many time to get off if that is what they choose. I'm sitting on several mill myself but I refuse to unload at this basement price.
Posts: 1254 | Registered: Aug 2005
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quote:Originally posted by Rules: It makes no sense to dump the stock now at .0001 if ones believes a R/S would be coming. If it is announced, it could actually move this stock higher giving many time to get off if that is what they choose. I'm sitting on several mill myself but I refuse to unload at this basement price.
A RS will just give the MMs more room to drive this back to 0.0001, IMO. First it was the FS that was going to cause a rise (which didn't happen), now its the RS (which I doubt will help either). I'm cutting my losses and getting out at the first sign of a Rs before I lose even more. This comapny needed contracts and revenues and leadership. That's the only thing that's going to drive this higher, IMO.
Posts: 170 | Registered: Jul 2005
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posted
not a lot of sale at .0001 this morning......maybe we'll see .0002 or .0003 togay.
-------------------- thanks to all GZFX panic seller!!! Take a look at CWFG....did I mention ITGJ ? Posts: 216 | From: my mother!! | Registered: Nov 2005
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posted
sometimes you need to swallow your pride and take a loss, .0001 is next to nothing, if it drops down any further you've lost 100% of your investment
Posts: 113 | From: Toronto | Registered: Oct 2005
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quote:Originally posted by Otttoman: A RS will just give the MMs more room to drive this back to 0.0001, IMO. First it was the FS that was going to cause a rise (which didn't happen), now its the RS (which I doubt will help either). I'm cutting my losses and getting out at the first sign of a RS before I lose even more. This comapny needed contracts and revenues and leadership. That's the only thing that's going to drive this higher, IMO.
My opinion exactly. And let me be clear that I'm NOT bashing CWFG. I just see this as being the biggest danger we face. The idea that was floating around before the FS was that a split would drive the value up, and a lot of people got badly burned waiting around for the split to happen, only to find out that the split was poisonous. I rode the split through as well, but that was because I believed (wrongly) that big contract announcements were imminent and would drive up the value of the stocks regardless of any splits.
But let's not fool ourselves:
A reverse split, like a forward split, only causes positive momentum when the company is is doing well and there's excitement around the stock ALREADY. And with penny stocks, there's really not much reason for either RS's or FS's, except as a way to cover-up dilution of various sorts; so one should always be wary of penny splits.
There are plenty of exceptions to the above, of course. But If CWFG were to RS -- and right now there's NO REASON to believe that they will RS soon, so don't panic -- but if they did do an RS, no stock holder will make money. Instead, it will be just like the FS we saw with CWFG earlier: trading will be limited or nonexistent until the new stock symbol and new numbers go through and settle, and by the time it's all said and done everyone will end up with less shares but a total stock ownership of equal value to what they started with pre-split -- but then, unless contracts and profit are announced, we'll see the PPS driven back down to .0001. Since the RS leaves everyone with less stock (but an equal total $$ value), a RS that resulted in a .0001 all over again would mean significant losses even for people who were lucky enough to buy this stock at .0001 before the split. For those of us who bought in at a higher PPS, it will be a complete wipe out that makes the current deep red look like kids play.
The only way we can realistically talk positive about CWFG is to make sure the company knows that the stock holders do not want to see a reverse split, that we do not want to see more dilution, and that we do want to learn more about the company. We might be ignored, but it's the best we can do right now. If CWFG starts to send out some good PR, starts making money, and doesn't split, we could quickly see a nice turnaround and plenty of $$. But so far we have little to go on, either way....
Posts: 249 | From: NYC | Registered: Sep 2005
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posted
Listen Guys. I really dont think a reverse split is coming. I think Guthrie did not know how to get things done. This new pres. has not been sitting around twittleing her thumbs. She is out there pounding the pavement making thisngs happen. Contracts most likely will be assessed and disclosed this week or early next week. Keep your heads up. Patience grasshopper. Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
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posted
there is definitely going to have to be another name and symbol change with new ownership
Posts: 224 | From: mass | Registered: May 2005
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quote:Originally posted by kptmoe: there is definitely going to have to be another name and symbol change with new ownership
I hope not as this will only cause the stock to go down. Oh wait, you can't go down into the negative. Wait a sec, yes you can as my stock in this company has been negative for a long time now. Posts: 1254 | Registered: Aug 2005
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posted
Didn't we just have a name and symbol change with the f/s. The only place for this to go is up sorry folks . Sitting with 1 mil at .0001 cant lose , as soon as contracts are anounced with in the next two weeks as m sources tell me. were hitting .0009 and i'm out.
Posts: 181 | From: Quebec | Registered: Aug 2005
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posted
Polar, If you're sources are right and we get contracts and go to .0009 without another split... Well, I'll be your dedicated fanboy, that's for sure. Contracts and a .0009 would be so, so, so very sweet right now.... Hope your sources have some good info there. CWFG shareholders are due for some good news after the last few months.
Has anybody spoken to the new CEO or looked into the Miami offices more?
quote:Originally posted by Polarbear17: Didn't we just have a name and symbol change with the f/s. The only place for this to go is up sorry folks . Sitting with 1 mil at .0001 cant lose , as soon as contracts are anounced with in the next two weeks as m sources tell me. were hitting .0009 and i'm out.
posted
still no volume today....maybe we'll see it moving up if everybody refuse to sell at .0001
-------------------- thanks to all GZFX panic seller!!! Take a look at CWFG....did I mention ITGJ ? Posts: 216 | From: my mother!! | Registered: Nov 2005
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posted
POLAR--does that mean that if it does hit .0009 that your gonna take us all out to mickyd's for lunch with your huge profit?? lol!!!!
Posts: 939 | From: hampton,va. 23666 | Registered: Oct 2004
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posted
No Mack it means that 50% of ther profit goes in a money market fund the other gets reinvested in some other Penny stock to do it again. We all have to start some were and to me profits a profit no mater how big or small.
Posts: 181 | From: Quebec | Registered: Aug 2005
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posted
I'll drink to that Polar. Heres to being single, seeing double, doing threesomes, and having multiples.
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
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-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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posted
what will happen today? someone have L2 for it? is there some ask at .0002?
-------------------- thanks to all GZFX panic seller!!! Take a look at CWFG....did I mention ITGJ ? Posts: 216 | From: my mother!! | Registered: Nov 2005
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posted
Does anyone think this stock will be moving any time soon, kinda sitting dead right now.
-------------------- Someday I want to be rich. Some people get so rich they lose all respect for humanity. That's how rich I want to be. Posts: 43 | From: Seattle | Registered: Oct 2005
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quote:Originally posted by ScottP: Does anyone think this stock will be moving any time soon, kinda sitting dead right now.
Unfortunately, this may be our final resting place. Be prepared to sit for a while as I don't think we really have anything in the works to move us back up anytime soon.
Posts: 1254 | Registered: Aug 2005
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posted
about our new CEO-from another board--------------------------- Posted by: coinstarz In reply to: Slippery Wing who wrote msg# 361 Date:11/12/2005 12:35:41 AM Post #of 397
Nice summarization Slippery Wing.
I followed your steps and dug deeper. I found some very interesting background behind new CWFG. Knowledge Protection Corporation (KPC) is U.S. sales/installing representative for Optenet, a Spainish software firm (see link below). Eric Schaer, owner of Falcon Capital LLC (Private Equity Investment firm), runs KPC. He has been in computer training business for more than 20 years and has been looking for an opportunity to go to the stock market lately. However, he had trouble with authority to run a public traded company due to a labor lawsuit, then he recruited Ms. Ryals to buyout CWFG from Damian (I should say operate CWFG for Damian...they must have an undertable deal). I believe Mr. Schaer will use CWFG shell to reverse merge with KPC. Since Damian has nothing in asset or contracts, Schaer didn't waste too much money on it (I believe it is less than $1M).
But why Ms. Kristin Mary Ryals? Who is she? She is a a seasoned professional and resident of Florida according to a PR. Actually she is a real estate agent living in Miami. She is an attractive female (single?) and very smart capable individual. I believe she will be much better than Astrom and Damian.
Now let's go back to the stock. IMO, this stock could run up as high as 500 - 2000% depending on how much asset KPC has. The real challenge is that we don't know the true share structure such as O/S and A/S. I hope someone can contact Ms. Ryals and post info here. If you know PRRM, you know what I mean.
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