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Americas Energy Company (AENY.OB) has managed to reinvent itself with backing from a network of long-connected players in the murky world of penny stocks and offshore financing.
Last week, AENY suddenly announced that it had completed a merger that would transform the company into a legitimate coal-mining operation. The move came as a surprise to many, since AENY had delayed the merger – pending an additional $8 million in financing – just a few weeks earlier. With skeptics portraying AENY as an overvalued corporate shell, however, the company abruptly finalized the deal after raising less than half of the $8 million called for under its new financing arrangement.
The merger, while welcomed by nervous investors, came with some negative strings attached. (TheStreetSweeper will follow up with a closer look at that merger, based upon details in the company’s new 8-K filing, as soon as possible.) Originally, AENY promised 17 million shares of company stock – on top of a pile of cash – for the mining operation. By the time AENY officially closed the deal, however, the company had nearly doubled that stock pledge to 33 million shares instead.
With stock promoters touting the company’s shares, AENY has managed to retain its lofty value despite news of that massive dilution. Based on its latest stock price of $4.19 and its expanded share count of 53.5 million, AENY now sports a generous market value of roughly $225 million.
AENY’s biggest shareholders -- who’ve been crossing paths for years -- should boast some remarkable gains as a result. In its latest annual report, AENY identified Graham Crabtree and Lyn Bell as the largest owners of its stock. The company had previously included Gerald Tuskey in that select group as well.
Both Crabtree and Bell operate financial firms in Anguilla, a Caribbean island that’s considered a tax haven for U.S. investors looking to hide assets in offshore accounts. Bell came to Anguilla from Canada, where Tuskey continues to reside and work as a securities attorney catering to microcap companies.
All three of the men simultaneously ranked as major shareholders of at least one other penny-stock company – where Crabtree and Tuskey have served as officers – in addition to AENY. They have been linked together in other ways, including boardroom service at yet another penny-stock company, as well.
Big Promotions
At one point, Tuskey actually served as AENY’s top officer before the company (then known as Trend Technology) went on to change its name. He also ranked as AENY’s largest shareholder until mid-2009, when he suddenly liquidated his entire position just weeks before the company announced its big merger plans.
In a move that now strikes some as curious, Tuskey sold all 6 million of his AENY shares for just two-thirds of a penny apiece. Although AENY had yet to stage its huge rally at the time of that transaction, the stock still fetched considerably more on the open market – never attracting a bid lower than 15 cents a share – during the period that sale took place. (According to AENY’s new 8-K filing, Tuskey now owns 6 million shares of the stock once again.)
Interestingly, when AENY filed its annual report two weeks after that big sale, the company continued to characterize Tuskey as a “promoter” of its stock even though he had just reported selling all of his shares. Since then, a mysterious investor has gone on to bankroll some expensive promotions for the company.
An outfit calling itself Bistro Ltd. has spent up to $900,000 (and possibly more) for bullish publicity on AENY in the so-called Intelligent Investor Report. Other promoters, including a website known as Daily Profit, have been touting the shares as well. Both Bistro and Daily Profit have reported owning 1 million shares of the company’s stock.
Since 1 million shares represented a 4.9% stake in the company at that time -- falling just below the 5% threshold that would trigger a reportable position – the investor (or investors) behind Bistro and Daily Profit managed to carry out those promotions anonymously.
Jayhawk’s Flight
Intelligent Investor Report, a newsletter published by Jarret Wollstein, has aggressively promoted another penny stock for a secret investor as well.
Since mid-2009, the tout sheet has issued bullish recommendations on Jayhawk Energy (JYHW.OB) on at least two separate occasions. Focus Capital Group, which owns 500,000 shares of JYHW, paid six figures to finance those promotions.
Daily Profit touted JYHW during that same timeframe. It, too, reported a 500,000-share stake in the company.
Although Daily Profit promoted numerous penny stocks during that period, it reported stakes in just two of them – AENY and JYHW – while accepting big cash payments for its services from most of the rest.
The connections between AENY and JYHW extend beyond those promotions and the stock rallies that followed. Crabtree, who currently ranks as AENY’s largest shareholder, actually helped JYHW transform itself into an energy company several years ago.
In mid-2007, just weeks after JYHW shifted its focus from jewelry sales to energy exploration, an investment firm led by Crabtree sold the company its first oil and gas leases in the state of Kansas. JYHW paid $2.2 million for those assets and then allowed half of the leases to expire, triggering a big write-down of their value, the following year.
Initially, however, JYHW’s entrance into the energy sector sparked keen interest in the company. In the months that followed that move, stock promoters – pocketing six-figure payments for their services – went on to loudly celebrate the company’s new business plan.
Cancelled Plans
JYHW itself gave investors reason to cheer as well. By the spring of 2008, the company had announced plans for dozens of oil wells on its Kansas properties. Behind the scenes, however, the company soon ran into trouble.
Before 2008 ended, JYHW’s regulatory filings show, a local drilling firm had threatened to sue the company for alleged breach of contract. The contractor, L&S Well Services, claimed that it had been hired by JYHW to drill 60 wells for the company on its leases in Kansas. L&S said that it purchased the materials necessary to complete the project only to see JYHW back away from the deal.
For its part, JYHW offered a different – but still troubling – version of that story.
“The company denies that any commitment was made, that there was an offer and acceptance or any consideration given,” JYHW stated when disclosing the potential lawsuit in a regulatory filing later on that year. “Further, the plaintiff was advised within 24 hours of the discussion that the drilling program was being cancelled.”
Although JYHW initially portrayed the potential lawsuit as frivolous in nature, the company later paid L&S off to settle its complaints.
Meanwhile, like L&S itself, JYHW investors apparently assumed that the company’s drilling plans were real. JYHW shares, which had dipped below $1 in early 2008, rocketed past $2 – and managed to stay there – in the months that followed.
The second half of the year proved to be much uglier, however, as securities regulators began scrutinizing JYHW’s activities. The company’s stock ended 2008 at a low point of 14 cents a share.
While JYHW managed to stage a big comeback in recent months, lifted by aggressive touts that briefly pushed the shares beyond $2 once again, the stock has since collapsed. Now trading at $1.15 a share, the stock has lost almost half of its value over the past eight days alone.
Skeptical investors – including some who have followed JYHW closely – believe that AENY is now poised for a similar fall.
Tennessee Team
One AENY critic, who recently posted messages in an Internet chat room under the name “Coal Guru,” has already rattled investors with his concerns about the company. Identifying himself as an industry expert who resides near AENY’s leases, he has reportedly visited one of the company’s mines – where production was supposed to begin weeks ago – and found “no mining activity whatsoever.” He has also challenged AENY’s claims about one of its major leases, saying that it is located in a region with “average-quality” coal as opposed to the high-grade coal the company itself has described.
(His messages, which appeared the day after AENY announced the closing of its merger, have since mysteriously disappeared.)
Other AENY skeptics have combed through government databases to research additional company mines. They have posted records indicating that mines operated by Evans Coal – which the company has promised $32 million to buy – have been classified as nonproducing, temporary idled or abandoned altogether.
AENY’s Tennessee-based management team, now officially in charge of the company’s operations, has raised some eyebrows as well. As previously noted by TheStreetSweeper, CEO Christopher Headrick saw his last mining company dissolved by state officials shortly before he moved on to his current post. He reportedly filed for Chapter 7 bankruptcy, while doing business as “The Auction Company,” before that.
Earlier this month, on the same day that TheStreetSweeper began raising questions about the company, AENY introduced A.Y. Evans – of Evans Coal – as the newest member of its senior management crew. Although AENY touted his “experience and family ties” when announcing his appointment, Evans appears to have a spotty reputation among locals who’ve portrayed him as a fast-living playboy who still relies on his wealthy mother for support.
But Jimmy Dunn, identified by AENY as the company’s vice president of oil and gas, has sparked some of the biggest concerns of all. Last March, Dunn agreed to plead guilty to felony tax evasion after failing to properly report his income for years. He faces up to five years in prison as punishment for his crime.
International Network
Another AENY executive has commitments elsewhere. Gerry Diakow, listed as AENY’s vice president of exploration in the company’s latest annual report, doubles as a board member at a Vancouver outfit known as Trilogy Metals. Tuskey, formerly the CEO and largest shareholder of AENY, has served on Trilogy’s board as well.
Meanwhile, Tuskey currently ranks among the largest shareholders of yet another penny-stock company. He owns 3.5 million shares of Eurasia Energy (EUENF.OB) -- which has also counted both Crabtree and Bell among its biggest stockholders – and spent five years as the company’s CFO. According to EUENF’s regulatory filings, Tuskey still “takes primary responsibility for (the) company’s capital structuring, financing activities and corporate and regulatory filings and compliance.”
Crabtree, who recently replaced Tuskey as AENY’s largest shareholder, replaced him as EUENF’s CFO before that. When announcing the change, EUENF touted Crabtree’s longtime experience as a tax consultant in Anguilla and his status as a founding member of the Anguilla Financial Services Association.
In the past, that association has portrayed itself as a government partner focused on “promoting and developing Anguilla as a reputable financial services centre (and) ensuring that members and their clients conduct their business in an ethical manner.” It has touted Anguilla as a “well-regulated jurisdiction” as well.
Last spring, however, Anguilla appeared on a list of countries suspected of sheltering tax dodgers amidst a widespread crackdown on such practices. In a syndicated column that coincided with that list, The Oregonian mentioned Anguilla by name when blasting foreign tax havens that can foster corporate crime.
“Not only do the governments in the tax and regulatory havens pretend not to see what their corporate visitors are doing,” the newspaper stated, “but they actively shut out the scrutiny of anyone who might take action.”
Like Crabtree, Bell is a longtime player in Anguilla’s financial arena. He relocated from Canada to Anguilla almost three decades ago, launching Hansa Bank & Trust just a few years later. He has since established a “global commerce firm” that lists Tuskey as its securities counsel.
In the past, Hansa Bank attracted some unwelcome attention here in the U.S. With Bell serving as its chairman, The Financial Post reported in April of 2002, Hansa found itself under investigation by the Internal Revenue Service. Moreover, the Post added, Hansa had been classified as a so-called “shell bank” in U.S. documents as well. Hansa officially ceased its licensed banking business later on that year.
Meanwhile, however, the parent of that former bank continues to count EUENF and another penny-stock company – where Tuskey, Crabtree and Bell all served as directors – among its satisfied clients. It reincorporated both of those companies in its secretive home country.
Intensive Care
Tuskey and Crabtree actually started crossing paths at least a decade ago.
With Tuskey serving as its lawyer, regulatory filings show, Lions Gates issued Crabtree 100,000 shares of company stock on Valentine’s Day in 2000. Crabtree still owned stock in Lions Gate a few years later, when the company prepared for a reverse merger with a now-notorious outfit known as Dobi Medical.
Some big-name investors, including a member of the prominent Hearst family, poured generous sums of money into Dobi – which they later lost – around the time of that merger deal.
“It was a scam,” Barbara Hearst told The New York Post in 2006. “All the studies they had, the contracts they showed us for business overseas, were all fake.”
According to the Post, Hearst originally decided to invest in Dobi after watching a company presentation in 2003. When Dobi officially executed its reverse merger at the end of that same year, Lions Gate purchased Crabtree’s holdings with funds supplied by a financial firm called Verus. Two years later, the Austin-American Statesman reported, Dobi investors sued Verus – which arranged the 2003 private offering that attracted Hearst – for allegedly dumping huge chunks of Dobi stock that hammered the share price.
Dobi’s stock, purchased by Hearst and others for $2 a share, had lost 90% of its value by the time of that newspaper report. Dobi went on to file for bankruptcy in 2007, essentially rendering its shares worthless, and the stock no longer trades at all.
Meanwhile, Crabtree has long since moved on. The month after Dobi filed for bankruptcy, Crabtree’s firm sold JYHW the Kansas leases that helped transform the company into an energy player. By the end of that year, Crabtree – together with Tuskey and Bell – had emerged as major owners of EUENF stock. Until recently, the three men ranked as the biggest shareholders of AENY as well.
For now, at least, the ride at AENY continues. Wollstein, among AENY’s most reliable promoters, sent out two email alerts on the company over the past week alone. The first, fielded by investors just before AENY announced its completed merger deal, predicted that “breaking news” could soon push the stock to brand-new highs. The second, received by investors a few days ago, once again insisted that AENY was ready to skyrocket.
“Don’t wait,” Wollstein declared in his latest mailer. “The buy signal is on for AENY.
“I’ve never been so certain,” he continued. “AENY is lighting up like a firecracker – and that could make you a bundle of profits, (with the stock) exploding past $4 on its way to $20” a share.
Based on AENY’s newly expanded share count, the company would boast a market value of $1 billion – surpassing the values achieved by far more established energy players – if Wollstein’s rosy forecast somehow managed to come true.
* To contact Melissa Davis, the author of this story, please send an email to editor@thestreetsweeper.og.
Americas Energy Company (AENY.OB) has managed to reinvent itself with backing from a network of long-connected players in the murky world of penny stocks and offshore financing.
Last week, AENY suddenly announced that it had completed a merger that would transform the company into a legitimate coal-mining operation. The move came as a surprise to many, since AENY had delayed the merger – pending an additional $8 million in financing – just a few weeks earlier. With skeptics portraying AENY as an overvalued corporate shell, however, the company abruptly finalized the deal after raising less than half of the $8 million called for under its new financing arrangement.
The merger, while welcomed by nervous investors, came with some negative strings attached. (TheStreetSweeper will follow up with a closer look at that merger, based upon details in the company’s new 8-K filing, as soon as possible.) Originally, AENY promised 17 million shares of company stock – on top of a pile of cash – for the mining operation. By the time AENY officially closed the deal, however, the company had nearly doubled that stock pledge to 33 million shares instead.
With stock promoters touting the company’s shares, AENY has managed to retain its lofty value despite news of that massive dilution. Based on its latest stock price of $4.19 and its expanded share count of 53.5 million, AENY now sports a generous market value of roughly $225 million.
AENY’s biggest shareholders -- who’ve been crossing paths for years -- should boast some remarkable gains as a result. In its latest annual report, AENY identified Graham Crabtree and Lyn Bell as the largest owners of its stock. The company had previously included Gerald Tuskey in that select group as well.
Both Crabtree and Bell operate financial firms in Anguilla, a Caribbean island that’s considered a tax haven for U.S. investors looking to hide assets in offshore accounts. Bell came to Anguilla from Canada, where Tuskey continues to reside and work as a securities attorney catering to microcap companies.
All three of the men simultaneously ranked as major shareholders of at least one other penny-stock company – where Crabtree and Tuskey have served as officers – in addition to AENY. They have been linked together in other ways, including boardroom service at yet another penny-stock company, as well.
Big Promotions
At one point, Tuskey actually served as AENY’s top officer before the company (then known as Trend Technology) went on to change its name. He also ranked as AENY’s largest shareholder until mid-2009, when he suddenly liquidated his entire position just weeks before the company announced its big merger plans.
In a move that now strikes some as curious, Tuskey sold all 6 million of his AENY shares for just two-thirds of a penny apiece. Although AENY had yet to stage its huge rally at the time of that transaction, the stock still fetched considerably more on the open market – never attracting a bid lower than 15 cents a share – during the period that sale took place. (According to AENY’s new 8-K filing, Tuskey now owns 6 million shares of the stock once again.)
Interestingly, when AENY filed its annual report two weeks after that big sale, the company continued to characterize Tuskey as a “promoter” of its stock even though he had just reported selling all of his shares. Since then, a mysterious investor has gone on to bankroll some expensive promotions for the company.
An outfit calling itself Bistro Ltd. has spent up to $900,000 (and possibly more) for bullish publicity on AENY in the so-called Intelligent Investor Report. Other promoters, including a website known as Daily Profit, have been touting the shares as well. Both Bistro and Daily Profit have reported owning 1 million shares of the company’s stock.
Since 1 million shares represented a 4.9% stake in the company at that time -- falling just below the 5% threshold that would trigger a reportable position – the investor (or investors) behind Bistro and Daily Profit managed to carry out those promotions anonymously.
Jayhawk’s Flight
Intelligent Investor Report, a newsletter published by Jarret Wollstein, has aggressively promoted another penny stock for a secret investor as well.
Since mid-2009, the tout sheet has issued bullish recommendations on Jayhawk Energy (JYHW.OB) on at least two separate occasions. Focus Capital Group, which owns 500,000 shares of JYHW, paid six figures to finance those promotions.
Daily Profit touted JYHW during that same timeframe. It, too, reported a 500,000-share stake in the company.
Although Daily Profit promoted numerous penny stocks during that period, it reported stakes in just two of them – AENY and JYHW – while accepting big cash payments for its services from most of the rest.
The connections between AENY and JYHW extend beyond those promotions and the stock rallies that followed. Crabtree, who currently ranks as AENY’s largest shareholder, actually helped JYHW transform itself into an energy company several years ago.
In mid-2007, just weeks after JYHW shifted its focus from jewelry sales to energy exploration, an investment firm led by Crabtree sold the company its first oil and gas leases in the state of Kansas. JYHW paid $2.2 million for those assets and then allowed half of the leases to expire, triggering a big write-down of their value, the following year.
Initially, however, JYHW’s entrance into the energy sector sparked keen interest in the company. In the months that followed that move, stock promoters – pocketing six-figure payments for their services – went on to loudly celebrate the company’s new business plan.
Cancelled Plans
JYHW itself gave investors reason to cheer as well. By the spring of 2008, the company had announced plans for dozens of oil wells on its Kansas properties. Behind the scenes, however, the company soon ran into trouble.
Before 2008 ended, JYHW’s regulatory filings show, a local drilling firm had threatened to sue the company for alleged breach of contract. The contractor, L&S Well Services, claimed that it had been hired by JYHW to drill 60 wells for the company on its leases in Kansas. L&S said that it purchased the materials necessary to complete the project only to see JYHW back away from the deal.
For its part, JYHW offered a different – but still troubling – version of that story.
“The company denies that any commitment was made, that there was an offer and acceptance or any consideration given,” JYHW stated when disclosing the potential lawsuit in a regulatory filing later on that year. “Further, the plaintiff was advised within 24 hours of the discussion that the drilling program was being cancelled.”
Although JYHW initially portrayed the potential lawsuit as frivolous in nature, the company later paid L&S off to settle its complaints.
Meanwhile, like L&S itself, JYHW investors apparently assumed that the company’s drilling plans were real. JYHW shares, which had dipped below $1 in early 2008, rocketed past $2 – and managed to stay there – in the months that followed.
The second half of the year proved to be much uglier, however, as securities regulators began scrutinizing JYHW’s activities. The company’s stock ended 2008 at a low point of 14 cents a share.
While JYHW managed to stage a big comeback in recent months, lifted by aggressive touts that briefly pushed the shares beyond $2 once again, the stock has since collapsed. Now trading at $1.15 a share, the stock has lost almost half of its value over the past eight days alone.
Skeptical investors – including some who have followed JYHW closely – believe that AENY is now poised for a similar fall.
Tennessee Team
One AENY critic, who recently posted messages in an Internet chat room under the name “Coal Guru,” has already rattled investors with his concerns about the company. Identifying himself as an industry expert who resides near AENY’s leases, he has reportedly visited one of the company’s mines – where production was supposed to begin weeks ago – and found “no mining activity whatsoever.” He has also challenged AENY’s claims about one of its major leases, saying that it is located in a region with “average-quality” coal as opposed to the high-grade coal the company itself has described.
(His messages, which appeared the day after AENY announced the closing of its merger, have since mysteriously disappeared.)
Other AENY skeptics have combed through government databases to research additional company mines. They have posted records indicating that mines operated by Evans Coal – which the company has promised $32 million to buy – have been classified as nonproducing, temporary idled or abandoned altogether.
AENY’s Tennessee-based management team, now officially in charge of the company’s operations, has raised some eyebrows as well. As previously noted by TheStreetSweeper, CEO Christopher Headrick saw his last mining company dissolved by state officials shortly before he moved on to his current post. He reportedly filed for Chapter 7 bankruptcy, while doing business as “The Auction Company,” before that.
Earlier this month, on the same day that TheStreetSweeper began raising questions about the company, AENY introduced A.Y. Evans – of Evans Coal – as the newest member of its senior management crew. Although AENY touted his “experience and family ties” when announcing his appointment, Evans appears to have a spotty reputation among locals who’ve portrayed him as a fast-living playboy who still relies on his wealthy mother for support.
But Jimmy Dunn, identified by AENY as the company’s vice president of oil and gas, has sparked some of the biggest concerns of all. Last March, Dunn agreed to plead guilty to felony tax evasion after failing to properly report his income for years. He faces up to five years in prison as punishment for his crime.
International Network
Another AENY executive has commitments elsewhere. Gerry Diakow, listed as AENY’s vice president of exploration in the company’s latest annual report, doubles as a board member at a Vancouver outfit known as Trilogy Metals. Tuskey, formerly the CEO and largest shareholder of AENY, has served on Trilogy’s board as well.
Meanwhile, Tuskey currently ranks among the largest shareholders of yet another penny-stock company. He owns 3.5 million shares of Eurasia Energy (EUENF.OB) -- which has also counted both Crabtree and Bell among its biggest stockholders – and spent five years as the company’s CFO. According to EUENF’s regulatory filings, Tuskey still “takes primary responsibility for (the) company’s capital structuring, financing activities and corporate and regulatory filings and compliance.”
Crabtree, who recently replaced Tuskey as AENY’s largest shareholder, replaced him as EUENF’s CFO before that. When announcing the change, EUENF touted Crabtree’s longtime experience as a tax consultant in Anguilla and his status as a founding member of the Anguilla Financial Services Association.
In the past, that association has portrayed itself as a government partner focused on “promoting and developing Anguilla as a reputable financial services centre (and) ensuring that members and their clients conduct their business in an ethical manner.” It has touted Anguilla as a “well-regulated jurisdiction” as well.
Last spring, however, Anguilla appeared on a list of countries suspected of sheltering tax dodgers amidst a widespread crackdown on such practices. In a syndicated column that coincided with that list, The Oregonian mentioned Anguilla by name when blasting foreign tax havens that can foster corporate crime.
“Not only do the governments in the tax and regulatory havens pretend not to see what their corporate visitors are doing,” the newspaper stated, “but they actively shut out the scrutiny of anyone who might take action.”
Like Crabtree, Bell is a longtime player in Anguilla’s financial arena. He relocated from Canada to Anguilla almost three decades ago, launching Hansa Bank & Trust just a few years later. He has since established a “global commerce firm” that lists Tuskey as its securities counsel.
In the past, Hansa Bank attracted some unwelcome attention here in the U.S. With Bell serving as its chairman, The Financial Post reported in April of 2002, Hansa found itself under investigation by the Internal Revenue Service. Moreover, the Post added, Hansa had been classified as a so-called “shell bank” in U.S. documents as well. Hansa officially ceased its licensed banking business later on that year.
Meanwhile, however, the parent of that former bank continues to count EUENF and another penny-stock company – where Tuskey, Crabtree and Bell all served as directors – among its satisfied clients. It reincorporated both of those companies in its secretive home country.
Intensive Care
Tuskey and Crabtree actually started crossing paths at least a decade ago.
With Tuskey serving as its lawyer, regulatory filings show, Lions Gates issued Crabtree 100,000 shares of company stock on Valentine’s Day in 2000. Crabtree still owned stock in Lions Gate a few years later, when the company prepared for a reverse merger with a now-notorious outfit known as Dobi Medical.
Some big-name investors, including a member of the prominent Hearst family, poured generous sums of money into Dobi – which they later lost – around the time of that merger deal.
“It was a scam,” Barbara Hearst told The New York Post in 2006. “All the studies they had, the contracts they showed us for business overseas, were all fake.”
According to the Post, Hearst originally decided to invest in Dobi after watching a company presentation in 2003. When Dobi officially executed its reverse merger at the end of that same year, Lions Gate purchased Crabtree’s holdings with funds supplied by a financial firm called Verus. Two years later, the Austin-American Statesman reported, Dobi investors sued Verus – which arranged the 2003 private offering that attracted Hearst – for allegedly dumping huge chunks of Dobi stock that hammered the share price.
Dobi’s stock, purchased by Hearst and others for $2 a share, had lost 90% of its value by the time of that newspaper report. Dobi went on to file for bankruptcy in 2007, essentially rendering its shares worthless, and the stock no longer trades at all.
Meanwhile, Crabtree has long since moved on. The month after Dobi filed for bankruptcy, Crabtree’s firm sold JYHW the Kansas leases that helped transform the company into an energy player. By the end of that year, Crabtree – together with Tuskey and Bell – had emerged as major owners of EUENF stock. Until recently, the three men ranked as the biggest shareholders of AENY as well.
For now, at least, the ride at AENY continues. Wollstein, among AENY’s most reliable promoters, sent out two email alerts on the company over the past week alone. The first, fielded by investors just before AENY announced its completed merger deal, predicted that “breaking news” could soon push the stock to brand-new highs. The second, received by investors a few days ago, once again insisted that AENY was ready to skyrocket.
“Don’t wait,” Wollstein declared in his latest mailer. “The buy signal is on for AENY.
“I’ve never been so certain,” he continued. “AENY is lighting up like a firecracker – and that could make you a bundle of profits, (with the stock) exploding past $4 on its way to $20” a share.
Based on AENY’s newly expanded share count, the company would boast a market value of $1 billion – surpassing the values achieved by far more established energy players – if Wollstein’s rosy forecast somehow managed to come true.
* To contact Melissa Davis, the author of this story, please send an email to editor@thestreetsweeper.og.
