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Many individuals think of debt consolidation as the only way out of loans. That is a bad approach. The first thing should be getting rid of every credit card. Security bonds like a health insurance should be retained.
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I got an email the other day introducing me to Global Agri-Med Technologies (GAGO). The ‘company’ manufacturers breast abnormality indicators in Chile and the U.K. I wish I could find a way to short this fraud and if one of you indeed does find a way, please tell me, I will pay you if you get me these shares. Anyway, this company is so blatantly a scam that it’s utterly hilarious. The worse part about it is I think they have already scammed 10 million out of people as the market cap is around this number. Now there are a billion reasons why this is a fraud, but here are just five of the most absurd and obvious.

1. The last time they filed their 10-k, the auditor gave them an unqualified opinion expressing doubt that the company can continue as a going concern.

2. The company just randomly changes its OTCBB stock ticker from GAGT to GAGO, its not even trading in another exchange so why the change???

3. The company has been in existence since 1999 and has 0 revenue. Sometimes this is expected of a medical company but it’s not like they have increased r&d to back this up. But as expected, stock is paid out as compensation for doing nothing.

4. The company has 2 employees, Roger Fidler and his wife Wanda Billet. I’m not sure how Roger Fidler, a lawyer, owns a medical device company?

5. This is the most hilarious of them all. Roger Fidler, as mentioned above is a lawyer that helped defend a couple who scammed investors into believing they had made a biohazard neutralizer. The gadget turned out to none other than a ‘brightly painted yellow two-drawer file cabinet with a red strobing light and siren attached to the top.’ The company’s stock went from .46 to 2.40 because of this scam and the couple originally plead guilty but then withdrew their guilty plea after meeting Roger. Roger is quoted as saying ‘These are people who wouldn’t know how to conduct a securities fraud if you put a gun to their heads, They are not Andrew Fastow.’

Heres the link

Well Roger looks like they might not be Andrew Fastow but you are and your scheme is no more complex and probably less successful than theirs

God I wish I could profit off dumbasses actually buying this shit.

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Comments

schalice on 5 August, 2008 at 4:40 pm #

“a lawyer that helped defend a couple who scammed investors”

That might make it a problem.

I can name a couple of other beauties for you.

SUF its technology is a total scam, check the revs

HYHY big market cap for this company that may at best do $2m in revs going forward with weak technology


JoeJoe on 16 September, 2008 at 10:51 am #

If you wanted to short GAGO you should have opened an account with IB. They have/had shares. I know a few firms that let you short these stocks. Let me know if you find anymore good Penny Stock shorts.

Thanks


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