ARIO.OB

[David Randolph]

NAUC.PK was up a lot yesterday, with strong volume. AMRE.OB owns 51% of NAUC.PK (and NAUC has more market value than AMRE) so it's just a matter of time for AMRE to reflect NAUC's price appreciation on its own stock price.

I see an accumulation formation on AMRE's chart. It is almost a sure thing the stock will breakout of this range. The technical target of that breakout is $0.130, so we have about a 140% profit potential on this stock from yesterday's close.

The risk is the stock closes below $0.034, that would mean it is all over, but I don't believe that will happen in the foreseeable future.

So, the plan on AMRE.OB is:

1) Sell at target of $0.130 (profit potential of 154%)
2) Sell with a loss if close < $0.034 (risk of 33%)

I will leave the two charts, from NAUC.PK and AMRE.OB:

[rocket88]

G'morning David, Had NAUC last time couple of days before 3SF had it and bought amre after you guys did so I missed the huge gain but still made out like a bandit. Trying AMRE again. 

[TRUNK]

Great Reasoning why it should rise again.. I'm in

[Arctic1]

What does everyone think about AMRE hold or sell? 

[eduardvs]

Holding

[TRUNK]

Adding

[Loffigus]

Holding

[stocky]

dont know, b/c have small position. I usually start half or 1/3 position if I am not sure about it. Seems like I have to watch tape on this one.

[David Randolph]

It's hard to explain why AMRE.OB doesn't rise immediately to reflect NAUC's rise. It doesn't make any sense, but the market is always right. I guess this is just misinformation, like it happened in May. NAUC was rising for 10 days or so and nothing happened on AMRE.OB. Suddenly the stock shots up 1300% in 2 days 

It's difficult to get more of a sure thing than this AMRE.OB play ... just needs some publicity. Perhaps we'll arrange that 

Obviously I'll continue holding AMRE.OB.

[KingSize]

Watching closely today.  I haven't pulled the trigger, but todays action makes me nervous.

What do you guys think?  Buy or Wait?

[stocky]

doubled my half position, but cant suggest for you. Though if it closes below .045 then I will sell tomorrow.

[fill_the_gap]

It may run.

But do not forget about the CEO.
His history of pumping, dumping and then a new shell.

Plenty of this posted the last time it shot up.
Find the articles on him and the company in the original thread.

Think they have less than 14 thousand in assets and a history of litigation.
The insiders sold on the rise too.  Run out of a Las Vegas Suite.

I checked them out.  They are not a player in this arena.

But they can spike with momentum traders.  Just know what you are buying and do not complain if the SEC suspends trading.

[TRUNK]

It may run.

But do not forget about the CEO.
His history of pumping, dumping and then a new shell.

Plenty of this posted the last time it shot up.
Find the articles on him and the company in the original thread.

Think they have less than 14 thousand in assets and a history of litigation.
The insiders sold on the rise too. Run out of a Las Vegas Suite.

I checked them out. They are not a player in this arena.

But they can spike with momentum traders. Just know what you are buying and do not complain if the SEC suspends trading.

You ascertained this info from the StockLemon.com report? http://www.stocklemon.com/report_view.asp?ReportID=25

The Ironic thing is that StockLemon are the biggest scammers of all.. They are nothing more than professional Short Sellers looking for OTC companies to manipulate for their own profit..

Stocklemon profits by shortselling these companies and then they deliberately trash good companies for the purpose of generating short-term, short-selling trading profits.

To read more about StockLemon and how they operate see this article http://www.wallstreetdigest.com/specialstock/specialstocklogin.html

[fill_the_gap]

Tell me which part(s) are Not true.  Willing to listen.  But wouldn't the company have a slander case if not true ?

I will stay away for now.


May 26, 2005

Stocklemon Reports on Net2Auction


Bahamian Brokerage Firms, Direct Mailers, and Stock Promoters ... Need We Say More?

Out of a 380 square feet office located at 3440 E. Russell Rd Las Vegas, Nevada, Delmar Janovec runs 3 different public companies. One of these companies is the newly formed Net2Auction (NAUC). Net2Auction is a spin off from AmeriResource Technologies (AMRE .14 cents) which since 1989 has been in every business from construction, motorcycle rentals, kiosks, real estate, and gambling. There is one theme to all of the businesses operated by Amerisource over the past 10 years.

None have produced significant revenue or delivered one penny of profit to shareholders.

http://www.ameriresourcetechnologies.com/history.html

Management of Net2Auction has a dubious history of civil lawsuits and run ins with the Internal Revenue Service, but that we will save for a later day. For now, let's look at the joke of a public company with the symbols NAUC.

Capital Structure of Net2Auction

Shares Outstanding- 50 million +

Market Capitalization $200 million +

Cash- $32,379

Loans from investors and affiliates - $129,953

(sounds more like a friend down on his luck rather than a public co.)

How is Net2Auciton's business?

According to the most recent 10Q filed, this is how their last quarter looked.

Gross revenues of $2,585 last quarter

Cost or Revenues- 2,298

Gross Margin- $287

https://www.otcstockinfo.com/repository/656819/656819_FR11.pdf

That means that if the company had 0 expenses, they would have made $287 for the quarter (unfortunately it takes money to operate a business and the company lost $67k for the quarter) Stocklemon believes that if the CEO were to panhandle on the streets of New York for 3 months, he could make more money than $287.

The company actually sold only 193 items on eBay in the last seven months.

http://search.ebay.com/ws/search/MemberSearchResult?frompage=fmrshowpage&userid=net2auction&sspagename=h%3Ah%3Afitem%3AUS&from=R7&nojspr=y&pfid=0

Nothing more than a local small time garage sale.

All Part of a "Shady" Stock Promotion

Much of the buying of Net2auction has been triggered by a flagrantly illegal direct mail piece that was sent under the title "The Bullish Report". This direct mail piece was riddled with inaccuracies, misstatements and an unsubstianted price target. Worst, the piece was anonymous. Even though it is disclosed that a third party paid 300,000 shares to have this mail piece distributed, it does not disclose who that 3rd party is, a clear violation of securities laws. As far as Stocklemon is aware "The Bullish Report" has no operating history and was created for the sole purpose of promoting NAUC.

Stocklemon has forwarded a copy of this report to the proper authorities.

Mystery Stock in an Offshore Brokerage Firm

The 15c211 disclosure document filed by Net2auction, states that Munich Captial Group is the holder of 5 million shares of NAUC.

https://www.otcstockinfo.com/repository/656819/656819_FR11.pdf

Who is Munich Captial Group?? The only thing we know about them is a contact person named Edison Sumner. Mr. Sumner is an assistant at Montaque Securities International, a Bahamian brokerage firm.

http://www.msitrade.com/about_management.htm

Would Mr. Janovec ever be involved in something as underhanded as dealings with stock promoters and offshore brokerage firms?

Sure he would. A quick run through Lexis Nexis on Delmar Janovec shows that he used to have multiple business doings with Allen Z Wolfson. He even offered a share exchange with Amerisource and one of Wolfson's companies -- Nexia Holdings.

Allen Wolfson is currently in Federal Prison for many years on stock manipulation charges.

http://www.sec.gov/litigation/litreleases/lr17756.htm


One of Mr. Wolfson's specialties was dealings with "offshore boiler rooms".

http://www.stltoday.com/stltoday/business/special/stockfraud.nsf/0/1BF7DD86368CC91C86256EB1005D56DA?OpenDocument

Did he have a chance to teach any of these tricks to Mr. Janovec?


How much is Net2Auction Really Worth?

Stocklemon would argue that NAUC is worth 0. But, we will let the company's actions determine its own valuation.

In a Reg D 504 offering completed on 12/08/04, the company sold 5,000,000 shares of unrestricted stock at $.01 per share.

Just last week, on May 20, 2005, the company sold 1,000,000 shares of stock for $100,000 or .10 cents a share to Starinvest Group. (we think they overpaid)

http://biz.yahoo.com/iw/050520/087216.html

Conclusion

It is the opinion of Stocklemon that Net2Auction will soon be faced with the reality of Federal Regulators. You cannot deposit stock in a Bahamian Brokerage Firm then send out a mass mailer and call it a business. Net2auction has not proven that it has a viable business and does not have the resources or the management to compete in the space. It is our opinion that this is a classic pump and dump and will soon trade at pennies per share. Cautious Investing To All.

[angliz501]

I THINK YOUR RIGHT ON DAVID. AMRE IS BASING AND ALL WEAK HANDS ARE BEING CLEANED OUT. I WILL BE BUYING @ THE OPEN. THANKYOU FOR THE ANALYSIS.