I first received emails promoting American Heritage (AHII) on March 13th prior to the market open. As of yesterday people started reporting receiving hard mailers promoting AHII. See a scan of the front cover and disclaimer (pdf).
Disclosed budget: $1,643,756
Promoter: Rui Long International & NationalFutures.com
Paying party: Rui Long International
Shares outstanding: 99,000,000
Previous closing price: $1.56
Market capitalization: $154 million
Below is a screenshot of http://goldmanreport.com/
The content is identical at: http://bigchangeforbigtobacco.com/
Excerpt from disclaimer:
NationalFutures.com received a twenty-five thousand dollar editorial fee
…
Rui Long International Inc has paid or expects to pay upwards of [$1,643,756] as a total production budget
Full disclaimer:
PDF copy of pump page
Disclaimer from hard mailer:
Disclaimer: I am long 9900 shares of AHII in one account and short 9870 shares in another account. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.
Mike, what is the performance record of this promotion group?
I think there has only been one previous Person mailer. I forget what that pumped.
Hey Michael, when you are boxing your shares like that, do you absolutely need to do it in two differents accounts because they wont let you do it in one account. Let say I short 1000 shares of a stock, then want to box so I long 1000 shares of the same stock in the same account, that will cover the 1000 shares short position? So you have to do it in two differents accounts or it wont work? I only have a account at IB. Thanks
I think you need two different accounts. Some brokers may allow you to do it in one account but not IB.