RenovaCare (RCAR): Dancing With Deception
by Sonya Colberg, Senior Editor, 2/21/2018 12:41:06 PM
RenovaCare (RCAR) is now dancing dangerously close to fraud.
Today, the company released “news” that a patent dispute has been settled. A naïve market bought into this nonsense and pushed the stock to 5-year record levels exceeding $10. The stock market valuation is now teetering on $750 million … for a company with nothing but a pretty story surrounding its sole, experimental product which has not been submitted to the FDA for approval.
RenovaCare doesn’t tell investors the truth.
So we will.
*1 Nothing Like “Old” News
Today’s company headline screams “RenovaCare Secures Patent Victory…”
But … on Dec. 18, 2017 … a Final Written Decision was issued by the US Patent Office, resolving the patent dispute.
The decision date is right there in RenovaCare’s own SEC filing.
Now, desperate RenovaCare has issued a statement that claims “patent victory.”
Notice also that RenovaCare doesn’t dare enter this press release into its SEC filings. That would invite closer regulatory scrutiny.
RenovaCare, in our opinion, has probably committed fraud. At best it is deceiving people with 3-month-old information dressed up as news.
*2. The Motivation
What’s behind today’s shenanigans?
Well, the motivation is clear.
RenovaCare's SEC filing that contains the patent decision date is the S-1.
This Feb. 12, 2018 document sets up insiders to unload millions of shares of their cheap stock.
So obviously, RenovaCare wants to put on a good show so insiders can sell into the inflated stock price.
*3. More Out-Right Deception
Yesterday, Feb. 20, small investors breathed a sigh of relief.
But RenovaCare had just duped non-insiders.
Zion Oil & Gas (ZN): 10 Reasons This Stock Deserves To Crater
by Sonya Colberg, Senior Editor, 2/21/2018 10:05:42 AM
TheStreetSweeper issues a brand-new report on Zion Oil & Gas (ZN)!
The stock has shot to dangerous levels as this oil exploration company explores, in our opinion, the best way to get to investors.
Zion is perfecting its approach:
1. Release a meaningless report, spiked with hyperbole.
2. Target uninitiated, preferably religious, folks to buy into the story.
3. Wave in front of these people a unit purchase plan, in hopes they will fund continued failure equal to Zion’s last 18 years.
4. Watch the stock price shoot up.
5. Use God and scripture to distract new investors from realizing that they will likely ultimately be staring down yet another dry hole … After all, Zion has a long history of dry holes.
JAMN Finally Spills the Beans -- And It's an Ugly Mess
by Janice Shell, 6/2/2011 10:32:51 AM
To be sure, the 10-K offered investors little reason to sing. For starters, the filing reveals, this once-hot “coffee company” sells no coffee of its own at all. JAMN relies on a supplier based in frigid Canada – far away from the tropical Jamaican home of its co-founder Rohan Marley – to provide the company with an actual product to sell to its customers instead.
Back in April of 2010, JAMN inked a “supply and toll agreement” with Canterbury Coffee of British Columbia that gave it access to some brew. According to that agreement, JAMN relies on Canterbury to fulfill every role – save a minor one – normally satisfied by a firm that classifies itself as a coffee company. Canterbury purchases the coffee beans. It roasts them. And it then packages them in bags supplied by JAMN – the company’s only real product – for sale to the public.
JAMN signed this deal more than a year ago, right before Shane Whittle – a notorious Vancouver stock promoter – officially resigned as CEO of the company. But the company never mentioned that agreement, seemingly material enough to warrant at least a quiet 8-K report, in a single regulatory filing until now.
Jammin Java (JAMN): Hot Stock ... Bitter Aftertaste?
by Janice Shell, 6/2/2011 10:30:25 AM
It’s time to wake up and smell the coffee! That’s exactly what Jammin Java (OTC: JAMN.OB), a heavily promotedcoffee company, and – for very different reasons – TheStreetSweeper would like investors to do.
Since the beginning of the year, JAMN has miraculously risen from the ashes of the “Grey Market” graveyard to become one of the liveliest – and richest – stocks in the entire microcap arena. JAMN has seen its stock shoot straight toward heaven, soaring from 55 cents to peak above $6 a share on massive daily volume, with its market value nowtopping $355 million despite the company’s limited resources and operating history. (As covered in more detail below, two of the Internet tout sheets pushing JAMN the hardest effectively vanished -- disabled by their Internet servers -- on the day the stock’s trading volume exploded past 20 million shares.)
CCME: Few Signs of Life at 'Healthy' Chinese Firm
by Roddy Boyd, 3/23/2011 9:30:34 AM
Please Select a File To Upload.<% Case 2 ForWriting = 2 adLongVarChar = 201 lngNumberUploaded = 0 'Get binary data from form noBytes = Request.TotalBytes binData = Request.BinaryRead (noBytes) 'convery the binary data to a string Set RST = CreateObject("ADODB.Recordset") LenBinary = LenB(binData) If LenBinary > 0 Then RST.Fields.Append "myBinary", adLongVarChar, LenBinary RST.Open RST.AddNew RST("myBinary").AppendChunk BinData RST.Update strDataWhole = RST("myBinary") End If 'Creates a raw data file for with all da ' ta sent. Uncomment for debuging. 'Set fso = CreateObject("Scripting.FileSystemObject") 'Set f = fso.OpenTextFile(server.mappath(".") & " aw.txt", ForWriting, True) 'f.Write strDataWhole 'set f = nothing 'set fso = nothing 'get the boundry indicator strBoundry = Request.ServerVariables ("HTTP_CONTENT_TYPE") lngBoundryPos = InStr(1,strBoundry,"boundary=") + 8 strBoundry = "--" & Right(strBoundry,Len(strBoundry)-lngBoundryPos) 'Get first file boundry positions. lngCurrentBegin = InStr(1,strDataWhole,strBoundry) lngCurrentEnd = InStr(lngCurrentBegin + 1,strDataWhole,strBoundry) - 1 Do While lngCurrentEnd > 0 'Get the data between current boundry an ' d remove it from the whole. strData = Mid(strDataWhole,lngCurrentBegin, lngCurrentEnd - lngCurrentBegin) strDataWhole = Replace(strDataWhole,strData,"") 'Get the full path of the current file. lngBeginFileName = InStr(1,strdata,"filename=") + 10 lngEndFileName = InStr(lngBeginFileName,strData,Chr(34)) 'Make sure they selected at least one fi ' le. If lngBeginFileName = lngEndFileName And lngNumberUploaded = 0 Then Response.Write "
The following Error occured." Response.Write "You must Select at least one file To upload" Response.Write "
Hit the back button, make the needed corrections and resubmit your information." Response.Write "
" Response.End End If 'There could be one or more empty file b ' oxes. If lngBeginFileName <> lngEndFileName Then strFilename = Mid(strData,lngBeginFileName,lngEndFileName - lngBeginFileName) 'Creates a raw data file with data betwe ' en current boundrys. Uncomment for debug ' ing. 'Set fso = CreateObject("Scripting.FileSystemObject") 'Set f = fso.OpenTextFile(server.mappath(".") & " aw_" & lngNumberUploaded & ".txt", ForWriting, True) 'f.Write strData 'set f = nothing 'set fso = nothing 'Loose the path information and keep jus ' t the file name. tmpLng = InStr(1,strFilename,"") Do While tmpLng > 0 PrevPos = tmpLng tmpLng = InStr(PrevPos + 1,strFilename,"") Loop FileName = Right(strFilename,Len(strFileName) - PrevPos) 'Get the begining position of the file d ' ata sent. 'if the file type is registered with the ' browser then there will be a Content-Typ ' e lngCT = InStr(1,strData,"Content-Type:") If lngCT > 0 Then lngBeginPos = InStr(lngCT,strData,Chr(13) & Chr(10)) + 4 Else lngBeginPos = lngEndFileName End If 'Get the ending position of the file dat ' a sent. lngEndPos = Len(strData) 'Calculate the file size. lngDataLenth = lngEndPos - lngBeginPos 'Get the file data strFileData = Mid(strData,lngBeginPos,lngDataLenth) 'Create the file. Set fso = CreateObject("Scripting.FileSystemObject") Set f = fso.OpenTextFile(Server.MapPath(".") & "" & FileName, ForWriting, True) f.Write strFileData Set f = Nothing Set fso = Nothing lngNumberUploaded = lngNumberUploaded + 1 End If 'Get then next boundry postitions if any ' . lngCurrentBegin = InStr(1,strDataWhole,strBoundry) lngCurrentEnd = InStr(lngCurrentBegin + 1,strDataWhole,strBoundry) - 1 Loop Response.Write "
File(s) Uploaded" Response.Write lngNumberUploaded & " files have been uploaded.
" Response.Write "
" End Select %> more...
Signup For Alerts
When new stories are published
CNBC on TheStreetSweeper's coverage of Miller Energy Resources: (MILL):
"Melissa Davis at TheStreetSweeper … wrote a piece on this thing that obviously scared investors a little bit … It was an excellent reporting job (and) has moved the stock dramatically."
Watch the Video
Read the MILL Story
Investors must be properly armed in order to protect themselves against the dangers of Wall Street. To help out, The Street Sweeper has mined the Internet for the most powerful weapons available to investors researching publicly traded companies. In our “Loaded Weapons” section, you’ll find direct links to corporate documents filed with the SEC, conference call transcripts published by Seeking Alpha, insider stock sales tracked by Insider-Monitor.com and popular investment tools offered by Yahoo! Finance. You can also identify the promoters behind current penny stock campaigns – and the compensation they are receiving – by connecting to StockPromoters.com. You can link to other websites that are conducting topnotch stock investigations as well. Click here now.