AlphaTrade hands out 3-4 billion-share 'death benefit'
2010-09-24 10:50 ET - Street Wire
Also Street Wire (C-*BCSC) BC Securities Commission
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by Janice Shell
Even by the standards of the U.S. OTC Bulletin Board, issuing oneself 3.04 billion shares is excessive, especially if there were only 53.7 million shares issued beforehand. Evidently, that is also what the British Columbia Securities Commission thought when on Aug. 16, 2010, it halted trading in the shares of AlphaTrade.com at four-10ths of one cent (all figures U.S.).
The halt, citing "unexplained and unusual fluctuations in the volume of trading in, or market price" of AlphaTrade was to remain in effect until the end of the trading session on Aug. 19. On that day, however, the BCSC extended it to Aug. 24. On Aug. 24, the commission replaced its halt with an indefinite cease trade order. In its announcement, the BCSC complained that AlphaTrade had failed to file copies of press releases and material change reports regarding the issuance of 3.04 billion shares to AlphaTrade's promoter and chief executive officer, Gordon Muir. The commission also complained about similar but smaller acquisitions by a company officer and her husband.
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Yes, Jeffrey is still up to his 14 year old old tricks of pretending to be running a (one man) public company (trading at $0.0002, 5 billion shares and growing) while he cons new suckers.
Here he is in action:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51577070
Its enough to make you vomit!
Posted by Indocan't issue an honest news release at 2010-09-24 15:10
The one thing I have learned is there's never a shortage of new buyers!
I think there is still hope for this company. The platform roll out is just starting and if successful will raise shareholder value. Once up and running toward there goals in 2011 who's to say a CEO can't retire some of his shares creating even more shareholder value. I'm seeing a fresh start with realistic goals,realistic revenue streams and soon realistic shareholder value in my opinion. Not ruling this out at all.
Posted by John David at 2010-09-25 14:03
John David, you're a pimp!
Posted by frankie at 2010-09-25 14:52
AlphaTrade is like Indocan Resources Inc. that has an obscene amount of stock outstanding, 5 Billion shares trading at $0.0002.
Posted by frankie at 2010-09-25 14:55
Janice Shell, why don't you write an article about 5 BILLION shares outstanding Indocan Resources Inc. and its president, Jeffrey R. Bruhjell?
Posted by $0.0001 Offer, Zero Bid at 2010-09-25 15:38
Those comparisons just pseudonymous speculation imo
Posted by John David at 2010-09-26 18:17
This company spams like there is no tomorrow. No matter how many times you opt out, they still send you promotional material.
SEC will be investigating this next.
Posted by the truth is out there at 2010-09-27 16:45
They aren't that good at their advertising and promo...who would pay them that???
Posted by Patrick Brando at 2010-09-27 16:47
In my opinion the CEO, a G.Muir should be jailed for "defrauding" people after he issued 3-4 billion shares and then started to dump while issuing official company tauts about how much the company is growing. Society must stop these "crooks." Can't the public be protected from these people who premeditatively "milk" investors for their own personal agendas?
Posted by Barry Horn at 2010-09-28 18:28
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