Stocklemon Reports on Energy Finders Inc.
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Energy Finders (EGYF)…It didn’t take a lot of energy to find this is bogus.
Let us start with this … When you go to pinksheets.com and type in the symbols EGYF for a stock quote, you were served with a warning from pink sheets:
“Pink Sheets has received complaints regarding faxes and/or emails sent in promotion of this stock that may violate federal law. Pink Sheets does not send out or authorize any kind of soliciting e-mail or faxes to the public.”
So then you try and call the company at (972) 991 9303 . It seems to be a voicemail. The message on the recording does not even state the name of the company, but rather is just a man’s voice.
So then you visit the website . http://www.energyfindersinc.com/
On the website and in the press releases we learn that they are supposed to be an oil exploration company (like who isn’t these days?). They only have 1 corporate doing and that is joint project between themselves and another pink sheet company named International TME Resources (ITME).
http://biz.yahoo.com/pz/050816/84024.html
http://www.energyfindersinc.com/projects.html
Ironically enough, EGYF and ITME also share office space in Texas. Well there goes the company’s one deal.kind of like taking your sister to the prom.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=ITME
http://www.pinksheets.com/quote/company_profile.jsp?symbol=egyf
UPDATE
Energy Finders has filed some documents and this is what we have found out about the company.
1. The company has no current operations
¼br /> 2. The company has no cash position
¼br /> 3. EGYF issued 5 million shares at a penny (1/5 of a penny now) in June of 2005 to an unknown investor.
¼br /> 4. The largest shareholder is a man named Marvin Ngan out of Toronto. Stocklemon spoke to Mr. Ngan and believes that he is a front for someone else
The CEO of Energy Finders is a man named Randolph Hasting(s). We put an S at the end because in some press releases he is referred to as Randolph Hasting and in others as Randolph Hastings. On the corporate website they spell his name both ways.
http://www.energyfindersinc.com/management.html
Stocklemon has not been able to verify anything about MR. Hasting(s). There should be a new rule that if you are going to do a stock promotion, you spell the CEO’s name just one way.
Aside, from Hastings, the only other corporate officer we see is Wilford Lee Stapp. Not much is known about Wilford Stapp except his involvement in a previous OTC oil “deal” PLR Inc. PLR has subsequently filed for bankruptcy and has no current activities or trading price.
97200585835pmwilford-lee-stapp.rtf
The only other name we saw on the website belongs to J Allen White, who is in charge of project acquisitions. Mr. White is also the current president of TME Resources. Mr. White has a colorful past as he was involved with “boiler room” sales of oil and gas securities and named in a suit brought by the Oklahoma Department of Securities.
98200553619amj-allen-white.rtf
The voice for the company seems to be their investor relations person Wilson Lew. Mr. Lew seems to be an investor relations person/stock promoter. With no regard for truth, or consequences, Mr. Lew tells the story of the “stock promotion”.
What we know about Mr. Lew is laughable. He also was the IR person for another Stocklemon, Internet Studios (ISTO). When we wrote about ISTO it was trading over $2 a share.today it is .06 cents.
http://66.102.7.104/search?q=cache:gGkG9UztnCQJ:investingeye.com/16201
Mr. Lew also promotes EGYF through another website that is registered to him. http://www.investingfn.com/profiles.htm
Yet, in the disclaimer, he states that he has not been compensated by Energy Finders.
http://www.investingfn.com/disclaimer.htm
Stocklemon believes this is a lie and it goes to the character of the only mouthpiece for the company, Mr. Lew.
Update
Among the flury of meaningless press releases, we now see learn of Energy Finder’s new investor relations person Stephen A. Taylor. Mr. Taylor seems to have a dubious record with pink sheet stocks. It is the opinion of Stocklemon that Mr. Taylor is a failed stock promoter that will bring the same level of failure to Energy Finders that he has brought to his other failed endeavors.
CCCI- .07 cents
http://www.rednova.com/news/technology/144188/ccci_provides_audio_interview_on_ceocastcom/
CYAD- .05 cents
http://www.cyberadsinc.com/capr_042905.cfm
TFTG- .05 cents
http://www.stockhideout.com/showthread.php?t=480
TRAE- 18 cents
http://www.findarticles.com/p/articles/mi_pwwi/is_200409/ai_n8557852
CSJJ- .0003 cents
http://press.arrivenet.com/bus/article.php/381264.html
Conclusion
Here at Stocklemon we yearn for the good ole days when someone needed more than a desk and a phone to bring a company public. It is nothing more than a pink sheet shell with a slew of junk emails, faxes, and fabrications behind it. It should not take long before the SEC takes the energy out of Energy Finders Inc.