|
DD or Due Diligence continues to be my clarion call to all who are interested in equities of any sort, but especially is this needed with a wild beast know as the Pink Sheets or OTCBB. These stocks are the most dangerous of them all, especially for the uninformed, fool hardy, or newbie. What is the draw? It is the age old appeal of easy money, the promise of a 1000% return on a small investment. (Lighting just might strike, right?) What is the danger? These relatively unregulated stocks are often ‘manipulated’ or ‘Pumped and Dumped’. Any who buy them, without research and understanding, often end up being the "bag holders" of a worthless ‘investment’. Sadly turning what was to be a great trade/investment into an expensive tuition for the school of hard knocks and empty pockets run by swindlers and charlatans. What does it mean when a stock trades on the Pink Sheets or the OTCBB? (Here is your first opportunity to do your own DD) http://www.investopedia.com/ask/answers/201.asp I have always felt that it is best to learn from example. That is what I like most about the BullsOnWallstreet.com community; it is about sharing real experience and ideas that are reproducible by any who wish to put forth the effort. Here is my contribution to that effort. What follows is a real life example of DDD (Deep Due Diligence) I did on Friday Nov. 7th 2009 and updated through Nov 15th 2009 This is a more intensive form of research used when I suspect foul play is afoot. Please remember that this information is for educational purposes only. I am only offering my personal efforts as I educated myself with good old-fashioned elbow grease. You may find mistakes and other imperfections, but that is what DD is all about. Do not jump to conclusions, do ask many questions. The majority of this info is cut and pasted from the internet, the rest is my opinion. Make your own decisions based on your own DD. The stock that I am focusing on is CLRH.OB because it has a similar chart to that of NXTH.OB I started to research this stock because of it's unusual chart pattern, up everyday for over a month, no stock does that unless there is a scam involved, in my opinion. Hypothesis: I expect that CLRH will eventually do exactly what NXTH did not too many days ago. CLRH is following the same path as NXTH did. The Dirt is there just under the surface. Google and Yahoo are great places to start. Then you find that there are even more places to find information. Follow along this sordid tale and ask questions. http://finance.yahoo.com/q/pr?s=CLRH.OB Clear-Lite Holdings, Inc. 102 NorthEast 2nd Street Suite 400 Boca Raton, FL 33432 United States - Map Phone: 561-544-6966 Web Site: http://www.clearlite.com/ Let’s look at the map. What other businesses are around a corporate headquarters? This is a UPS store Address (now that is not a good sign) UPS Store 102 NE 2nd St, Boca Raton, FL (561) 393-3231 theupsstore.com Use the phone folks, you can ask questions. I called the UPS store and found out that one guy owns the "Suite" 400 has it registered to TAG Industries and and 4c holdings Time to go back to the search engines. http://www.linkedin.com/companies/tag-industries-inc. Who of course owns Clear-Lite (who would have guessed it?) http://www.linkedin.com/companies/clear-lite-holdings-inc. 4c holdings which is a Home in Colorodo Springs (interesting) http://www.manta.com/coms2/dnbcompany_cc3qqxw http://maps.google.com/maps?hl=en&tab=wl&q=4840%20Broadmoor%20Bluffs%20Dr%20Colorado%20Springs%2C%20CO%20%2080906 4840 Broadmoor Bluffs Dr Colorado Springs, CO 80906 Phone: (719) 528-1163 Website: Information not found (?) Business Categories Holding companies, nec in Colorado Springs, CO Holding Company, Offices of Other Holding Companies 4c Holdings Llc Business Information Claim This Profile 4c Holdings Llc is a private company categorized under Non-Bank Holding Companies and located in Colorado Springs, CO. Current estimates show this company has an annual revenue of $95,000 and employs a staff of approximately 2. How big can this company be with ‘approximately 2’ employees? Clear-Lite Holdings Inc 102 NE 2nd Street 400 Boca Raton, Florida, 33432 United States Tel: 1/561 289 1685 URL: NA Formerly known as: AirtimeDSL China H2O Primary Symbol & Exchange: CLRH - Common Stock - OTC Bulletin Board http://www.alacrastore.com/company-snapshot/Clear_Lite_Holdings_Inc-4063843 http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=38766062 Key developments for Clear-Lite Holdings, Inc. Clear-Lite Holdings Inc. Announces ArmorLite(TM) SAFETY ECO CFL(TM), A Safer CFL(TM) 11/2/2009 Clear-Lite Holdings Inc. announced that it is introducing A Safer CFL(TM), the patent-pending ArmorLite(TM) SAFETY ECO CFL(TM), which is expected to revolutionize the Compact Florescent Lamp (CFL) market. By wrapping the ArmorLite CFL in a patent-pending SX4000(TM) ECO Safety Coating that helps capture broken glass and mercury, ClearLite's SAFETY ECO CFL helps address the serious issue of mercury contamination from conventional CFLs with liquid mercury when they break in the home, office or hotel room. As a further environmental precaution, ClearLite's CFLs contain no liquid mercury. Instead, ClearLite uses Amalgam, an alloy of mercury with other metals in a solid form, helping make compliance with government regulations for mercury reduction easier to meet. Clear-Lite Holdings, Inc. announced delayed annual 10-K filing 10/30/2009 On 10/30/2009, Clear-Lite Holdings, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Clear-Lite Holdings Inc. Becomes Official Lighting Supplier of the Nationwide Marketing Group 10/27/2009 Clear-Lite Holdings Inc. announced that ClearLite has become an official lighting supplier of the Nationwide Marketing Group, the buying group of independent appliance, electronics and furniture dealers in the United States. By becoming an official lighting supplier of the Nationwide Marketing Group, ClearLite reaches its 3,000 members that use the network to buy high quality merchandise they can sell at competitive prices around the United States, and Canada. ClearLite(R)'s lamps and fixtures feature a variety of earth-friendly Energy Star(R) Qualified Compact Fluorescent Lamp (CFL) bulbs, all of which have the same energy saving features of conventional CFLs, yet are free of liquid mercury; instead they use Amalgam, an alloy of mercury combined with other metals in a solid form, and are made to RoHS standards (Reduction of Hazardous substances), helping provide a safer alternative for households and the environment. The phone number for 4c Holdings Llc is actually a "Honey Baked Ham" store that bought out the former owners of Heavenly Ham a couple years ago. http://www.likeme.net/places/heavenly-ham-colorado-springs 4840 Broadmoor Bluffs Dr Colorado Springs, CO 80906 Phone: (719) 528-1163 Here are some records about the address http://www.realtor.com/property-detail/4840-Broadmoor-Bluffs-Dr_Colorado-Springs_CO_80906_b6af4401 http://www.zillow.com/homes/map/4840-Broadmoor-Bluffs-Dr-Colorado-Springs,-CO-80906_rb/ http://www.zillow.com/homedetails/4840-Broadmoor-Bluffs-Dr-Colorado-Springs-CO-80906/13638560_zpid/ OH now I am getting some cool stuff: http://www.heavenlyham.com/Corporate/Index.asp I found a new name: http://www.heavenlyham.com/Corporate/corpnewsEvents_story.asp?id=57 Attn: Robin Bayless Heavenly Ham Franchise Co. 5445 Triangle Pkwy., Ste. 400 Norcross, GA 30092 And Another Ken Caldwell Sr. Vice President The Heavenly Ham Company Also this website gave me another address with the same phone number http://www.giftbasketcompanies.com/gourmetfoodstores/Coloradogourmetfoodstores2.htm Heavenly Ham 4840 Broadmoor Bluffs Drive Colorado Springs, CO 80906 719-528-1163 Heavenly Ham 7882 North Academy Boulevard Colorado Springs, CO 80920 719-528-1163 WOW this gets uglier with every search. 7882 North Academy Boulevard Colorado Springs, CO 80920 Another Restaurant with 6 locations to serve you? http://www.thaibasil.us/ So some research turns out to serve as leads to the important stuff and some must be discarded. Public information is public for a reason; these companies want you to invest your money. By looking at the many filings out there I found the following wonderful factoid. His name is Thomas J. Irvine. So I just talked with the CEO who said he is currently in China (so he says) and he did mention it was about 5am where he was and I called at 1:04pm. ThomasIrvine@aol.com His personal Cell # 1-561-289-1685 I told him I was doing preliminary research for a possible article. He seemed surprised that I had his number. He was very sketchy about any info and said he wanted me to send him an email with questions to be forwarded to his coordinator. I did not send him an e-mail. He claims to know nothing of the "Heavenly Ham" or the China H20 company and then it seemed as if our call was dropped or maybe he hung up on me. Just my opinion. SOOOOO... So it looks like the first names I found are from people of the old Franchise "Heavenly Ham" that was bought out by "Honey Baked Ham" More digging found a phone number for the Franchise Corp Headquarters but when I called I got no real info from them. 1-800-989-0509 OK now I am finding more AirtimeDSL acquires TAG Industries Inc http://www.alacrastore.com/deal-snapshot/AirtimeDSL_acquires_TAG_Industries_Inc-569965 (The actual info cost $$ so here is what they have as a teaser) US - AirtimeDSL acquired the entire share capital of Tag Industries Inc, a Parkland- based manufacturer of commercial lighting equipment, in exchange for ##.### mil new common shares valued at USD ##.### mil, in a reverse takeover transaction. Clear-Lite Holdings Inc Mergers and Acquisitions http://www.alacrastore.com/mergers-acquisitions/Clear_Lite_Holdings_Inc-4063843 Press Release Quoting "Thomas Irvine" http://money.aol.com/article/clearlite-launches-a-safer-cfl-the/691830 Ok so even more info. It looks like our Mr. Thomas Irvine does go to China. Here is a website with his email and more phone #s http://www.9315.com/NewsView.asp?id=701 THE ALLIANCE GROUP INDUSTRIES, INC. thomasirvine@aol.com 305-688-2250 Fax:305-685-9474 Interesting that it is listed under Furniture Importer (funny stuff), Househood utensil&meal (spelling wrong on website) http://www.9315.com/NewsView.asp?id=475 http://www.yeskey.net/html/info/222.html Lamps&lanterns lighting http://www.yeskey.cn/buyer-17-150-7165.html http://www.plibaba.com/buyer/b2/fun/200806/57630.html NOW an new Address It is back to Florida we go. 11400 NW 32 Ave, Miami, FL. 33167 http://us.loadedweb.com/cities/florida/miami/directory/2427003.html Even more companies turn up at this address. It seems to be a big warehouse with a few different businesses, the sketchy kind of course. This is an industrial business park. Now for More News http://www.reuters.com/article/pressRelease/idUS143481+27-Oct-2009+BW20091027 http://finance.yahoo.com/news/ClearLites-Natural-Light-bw-2416862210.html?x=0&.v=1 Clear-Lite Holdings, Inc. 561-544-6966 investors@ClearLite.com or PR/Media Relations: Stern & Co. Richard Stern, 212-888-0044 richstern@sternco.com And Now we get a new name and company from the news releases: Senior Vice President for Electronics Marketing of Nationwide Mike Decker and a Picture http://rtoonline.com/Content/Article/feb09/natiowide-marketing-group-restructuring-plan-022709.asp Wow this just does not stop. Ok here is the best thing I have found for researching the connection between companies. From the Clear-Lite website of Investor info http://www.clear-lite.net/docs/investor_relations.html (can these guys really be so dumb) I found out about Reusable Technologies Inc that Mr Thomas Irvine 'was' CEO of and that lead me to this website. http://www.corporationwiki.com/Florida/Medley/reusable-technologies-inc-6031770.aspx The cool thing is the Relationship Visualizer which links all these companies together. http://www.corporationwiki.com/graphs/roamer.aspx?id=18279036 Oh man is that ever the best little tool and find. TADA! Simply put CLRH looks like a huge scam similar to the feel of NXTH All you have to do is look at the Chart and see. Come on, they use a UPS store as their Corporate Headquarters. What kind of company does that? Do the facts seem to back it up? The stock is obviously acting strangely because it has only gone up for over a month. They have also filed notice of Late Filing http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6860643-1195-9056&type=sect&TabIndex=2&companyid=756684&ppu=%252fdefault.aspx%253fcik%253d1412299 More research… Found this little piece of info here Title: CLASS B COMMON STOCK PURCHASE WARRANT Governing Law: New York Date: 6/19/2009 http://agreements.realdealdocs.com/Warrant-Agreement/CLASS-B-COMMON-STOCK-PURCHASE-WARRANT-2404510/ Commercial Credit Monitor commercial credit report for CLRH Clear-Lite Holdings Inc, formerly AirtimeDSL, is in the business of providing high-speed wireless services to the business, residential and consumer marketplace. The Company partners with existing wireless organizations to leverage their legacy infrastructure to provide converged communications. The Company’s services include Internet access (ISP), Voice over Internet Protocol (VoIP), cell phone service, Video on Demand (VOD) and 802.11 Wireless Fidelity (Wi-Fi) Service. Airtime focuses on providing fixed broadband wireless access in the use of a wireless communications link as a connection for delivering and broadband Internet services to its customers. During the fiscal year ended July 31, 2008 (fiscal 2008), the Company focused on offering an array of data transmission and content services, such as fixed wireless high speed Internet and wireless business solutions. As of July 31, 2008, Airtime was a development-stage company. http://www.crmz.com/Report/ReportPreview.asp?BusinessId=10905128 Just some further info on CLRH as it has changed Just a few months ago from ATIM (ATIM.OB is no longer valid. It has changed to CLRH.OB) http://www.realpennies.com/otc/ATIM/ AirtimeDSL Announces Amendments to Articles of Incorporation or Bylaws 05/29/2009 AirtimeDSL announced that the company filed a Certificate of Amendment to the Articles of Incorporation with the Secretary of State of Nevada changing the company's name to Clear-Lite Holdings Inc. AirtimeDSL announced delayed 10-Q filing (Seems like a pattern here) 06/15/2009 On 06/15/2009, AirtimeDSL announced that they will be unable to file their next 10-Q by the deadline required by the SEC. AirtimeDSL Reports Earnings Results for the Quarter Ended April 30, 2009 06/20/2009 AirtimeDSL reported earnings results for the quarter ended April 30, 2009. For the quarter, the company reported net loss of $243,592. In contrast, the company posted a net loss of $233,568 for the same quarter in the previous year. April 15, 2009 AirtimeDSL, Prior to Reverse Merger with TAG Industries, Inc. SEC INFO for the companies http://www.secinfo.com/d1B364.ue.htm http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1412299 Info on owners of AirtimeDSL http://www.implu.com/person/159993 All the pieces are there to identify a very sketchy stock that seems like it will fail. Just a question of when. Conclusion: I would not touch this thing with a ten foot pole. See what a little research can do. Now it is your turn.
|