Thwapr Inc (THWI)...By Timothy Sykes on Wed 16th of Mar, 2011

Thwapr Inc (THWI): The Penny Stock Up 300% Promoted As The Next Twitter, Busted By The SEC Just Last Month (Laughable But True)

Posted by Timothy Sykes on Wed 16th of Mar, 2011 08:37:29 PM

UPDATE: In just a few days THWI has been the latest paid pump to crash 50%…NO different from HHWW, KNKT, MSEH, AENY, NXTH, RAPT, CPOW, CPMCF….it’s the same pattern guys over and over and over…subscribers of my 4 newsletters and I profited over $13,000+ so far (still waiting on an update from Reaper who also made a few grand) and we all played it far too passively. It’s time you LEARN…use my instructional DVD packages, prices will soon be rising by 30% in April so you have just a few weeks to lock down current prices or save an additional 35%+ watching them streaming

Understand that this is the last long research report you’ll ever see on this site, all future ones will be here…this one just snuck up on me too quickly so enjoy!

PennyStocking Silver subscribers and TIMalert subscribers know I’ve seen a ton of paid pumps over the years, but few, if any, have been as bold as THWAPR INC (THWI) on which subscribers of my4 newsletters and I have already made several thousand dollars shorting the stock and I am currently short some overnight as their stock has surged 300% on the back of a paid promotion just WEEKS after the SEC filed charges against the main shareholder for promoting this same company’s technology in a fraudulent way via telemarketing.

thwapr paid pump

As you’ll read below Thwapr’s backers were busted by the SEC for marketing their video technology as “the next Google.”, but now in this “new” $150,000 paid promotion:

penny stock pump disclaimer

…they’ve now moved onto calling it the next Twitter! I can’t even make this up: read these lines from the latest email blast promotion:

By the way, did you know that The Wall Street Journal recently reported that Twitter has “an estimated valuation of $8 billion to $10 billion”?

As impressive as that is, they further stated that “Despite the high valuations, Twitter’s executives and board are continuing to work on building a large, independent company. People familiar with the situation said the company believes it can grow into a $100 billion company.”

Now check out the company news THWI released after the close of market on Friday.

This is the field that the players on for the big dough!

Thwapr’s largest shareholder/backer is Sakwinder Narwal, who the SEC charged just last month in February 2011 for fraudulent promotion and for organizing a cold-calling operation, and was busted for pumping up the stock of Pax Clean Energy by touting it as “the next Google.” based on its upcoming merger with “Mobile Video Development Inc., which it touted as a developer of video sharing technology”.

As the SEC civil fraud charge explains, Mobile Video Development is now Thwapr (THWI):

Mobile Video Development, Inc. (“Mobile Video”) is a Delaware corporation, formed in 2007, with its principal place of business in New York. In March 2009, Pax Energy announced a plan to merge with Mobile Video. That merger was never completed, however. A trust controlled by Narwal is the majority shareholder of Mobile Video and that trust initially provided Mobile Video with its primary source of funding. On March 30, 2010, Mobile Video completed a reverse merger with Seaospa, Inc., an OTC Bulletin Board company, and subsequently changed its name to THWAPR, Inc. This new company is now trading on the OTC Bulletin Board under the symbol THWI.

And SEC-busted Narwal owns 75% of Mobile Video, aka Thwapr (THWI):

Pax Energy and the Merger with Mobile Video
12. Pax Energy was incorporated in 2007 purportedly to construct and operate a biodiesel processing plant in Serbia. By late 2008, however, it had no active operations, no revenues, and existed as a public shell company.
13. In mid-2008, Pax Energy began merger discussions with Mobile Video, a private company in which Narwal held an approximately 75% ownership interest through a trust he controlled. Mobile Video was purportedly developing a telecommunications technology called “THWAPR,” which allowed mobile phone users to share videos and pictures with each other and communicate about these images. After operating as a “virtual company” and several failed attempts to obtain venture capital financing, Mobile Video decided in 2008 to explore the possibility of merging with a public shell company. Narwal introduced Pax Energy to the officers of Mobile Video. Both companies began discussion of a possible merger, the terms of which were finalized in early 2009.

Now let’s get to the juicy pumping and dumping part:

According to the complaint, Pax was essentially a shell in 2008 before the promotion began. In August of that year Mr. Narwal bought 90,000 of its shares for $10,000 in a private transaction. These became 1.8 million shares after the company carried out a 20:1 split one month later.

Also in 2008, Mr. Narwal introduced Pax Energy’s officers to Mobile Video, which was looking to merge with a public company, the complaint states. On March 9, 2009, the companies announced that they had reached a merger agreement. Pax would change its name to THWAPR Inc. and would begin operating in the “mobile social multi-media market.”

The promotion, as described in the complaint, began around the same time. In February, 2009, Mr. Narwal met with the other defendants in California and orally hired Del Mar to promote Pax Energy. He explained that he wanted them to operate a calling centre that would contact potential investors, the SEC claims. As compensation, he paid Del Mar $15,000 for office expenses, paid it $265,000 to hire promotional consultants and issued 725,000 shares to Del Mar.

The campaign began with six to eight telemarketers who operated out of a small office in Carlsbad, Calif. The SEC says Mr. Narwal trained the telemarketers and fed them “baseless statements” that he wanted potential investors to receive. In one training session he told them that the company’s technology, called THWAPR, was the next Google. He also said the stock would jump to $100, according to the complaint. To reinforce that point, he wrote $100 on a piece of paper, which he taped to the wall.

The SEC says that Mr. Narwal was reckless in not knowing that the information investors were receiving was false. He knew that Pax had no income, no operating history and no trading history before January, 2009. In addition, Mobile Video had no physical office through at least 2008.

The other three defendants should also have known that they were spreading false information to investors, the complaint states. Among other things, they never questioned why they were selling a stock that could reach $100 for prices between $10 and $11.

Mr. Narwal, meanwhile, took several steps to hide his role in the promotion, the SEC claims. He did not tell his partners at Mobile Video that he hired Del Mar, that he owned Pax Energy shares or that he was selling his stock during the promotion. His stock sales, as described by the complaint, totalled 68,810 shares, and grossed $455,780. Del Mar itself also sold 13,467 shares, grossing $139,168.

After the SEC halted Pax Energy, the men found themselves with an inactive call centre, which had grown to 11,000 square feet by that time. According to the complaint, Mr. Narwal hired Del Mar in May, 2009, to promote yet another company, a pink sheets listing called Greenstar Alternative Energy Inc. That month, the stock went from $2.60 to a $4.75 high. The SEC says Mr. Narwal sold 25,600 shares in June, 2009, grossing $56,280. As with Pax Energy, potential investors did not learn that Mr. Narwal was selling shares during the promotional campaign.

The SEC is asking for a permanent penny stock ban, an appropriate civil penalty and disgorgement of ill-gotten gains from Mr. Narwal.

The other defendants, without admitting any wrongdoing, settled the case before it was filed. They have all agreed to injunctions preventing future violations. Mr. Downs also agreed to a penny stock ban and a civil penalty, which the SEC has waived based on his financial condition. The SEC says the settlements with Mr. Beck and Mr. Hill reflect their substantial co-operation in the investigation.

Did you get all that? Mobile Video Development Inc. was controlled by Narwal (on page 4 of the 13 page SEC document against Narwal, the SEC claims Narwal owned 75%) and he tried pumping Pax using a telemarketing campaign and bogus $100 price targets. Pax was later halted and the stock dropped 99.9% while Mobile Video Development Inc., despite a press release regarding the merger with Pax one year later did a merger with another company to get listed and become THWI.

What’s most interesting is that despite the SEC claiming Narwal owned 75% of Mobile Video Development, his name ceases to be on any filings after the merger to become THWI. Hmmmmmm

So does Narrwal the SEC busted telemarketing schemer still own THWI shares one month later?

My guess is yes…remember the SEC has a whole section on Narwal’s case saying he’s a master at hiding his tracks:

Narwal Hides His Involvement in the Manipulation Scheme
30. Between February and April 2009, Narwal took several steps to hide his involvement in the scheme to manipulate the market in the stock of Pax Energy.
31. First, Narwal used Del Mar as a nominee to enter into agreements with other promotional consultants to make it appear that Del Mar was hiring such consultants when, in fact, Narwal approved the consultants to be hired and also funded all of their costs.
32. Second, Narwal instructed the Del Mar Partners to cause Del Mar to enter into a consulting agreement with Pax Energy in March 2009 relating to Del Mar’s promotional activities despite the fact that he had already retained Del Mar for this purpose.
33. Third, Narwal did not inform his partners at Mobile Video that he hired Del Mar, that he owned Pax Energy shares, or that he was selling those shares during Del Mar’s promotional campaign.

Not that it really matters because THWI one month after these SEC charges still has no assets (roughly $1,000 cash in their last quarterly statement), no revenues, THWI’s entire management team was listed on that same SEC-exposed Pax merger press release (go read it), it’s the same hyped up technology and why I say Narwal or whoever the promoter behind THWI has balls or is just plain foolish is because THWI has been promoted up from roughly 40 cents/share to $1.40 using the same kind of outrageous propaganda despite still having no revenues or cash in the bank…

Tell me Narwal, Goldtein et al, why has some shareholder paid $150,000 for email promotion while THWI the company only has 1/150th of that in the bank! Kinda tough to do online video with $1,000 cash in the bank…that’s what I pay my video guy for videos like this!

It gets even better – Narwal’s old business partner on their last pump RCMP, which was also raided by authorities got shot at up in promoter-ville Vancouver…sketchyyyyy.

Narwal and CEO Bruce Goldstein and all the pump’s men are either in this together, will all play dumb on the witness stand or these guys are all betting that the SEC is truly incompetent for their continual allowance of this blatant penny stock promotion just weeks after the SEC filed charges against Narwal and other co-conspirators (the other conspirators all settled and turned on Narwal which is why they have such detailed information regarding the telemarketing and Narwal’s 75% ownership of Mobile Development, probable THWI) with the same company!

If the SEC were competent, they’d halt this stock now…and I’d clean up on my short position as would my other subscribers who found shares to short with Interactive Brokers and my special broker which I will not reveal to just anyone…contact me if you’re interested, but make sure you have a $50k+ trading account)

It’s been a while since we’ve seen such a brazen paid pump, reminiscent of this one with a doctor who lost his medical license and then accidentally told everyone about the SEC investigation

Or this one that used recycled press releases from a bankrupt company

But never before has any SEC charged company or related company gone on to do another misleading promotion so quickly…yooooo sleeping beauty SEC, wake up, are you serious that you need me to expose this stuff for you?

(PS to anyone who believes the THWI hype, please learn how to do research…the stock is only up due to the promotional email campagin which according to InvestorsLive is a stolen email list...

Wall Street reaction to Japanese nuclear reactors: Wall Street doesn't expect a nuclear meltdown in Japan - latimes.com

Wall Street reaction to Japanese nuclear reactors: Wall Street doesn't expect a nuclear meltdown in Japan - latimes.com

Wall Street bets against a meltdown

The relatively small loss in U.S. stock indexes suggests investors believe Japan's nuclear crisis won't lead to catastrophe. The focus may turn back to the Middle East.

By Tom PetrunoMarket Beat

March 19, 2011

U.S. financial markets seem to think they know how Japan'snuclear-reactor crisis will be resolved: with Armageddon avoided.

A rush for safety early in the week, out of stocks and into U.S. Treasury bonds, began to reverse by week's end. The Dow Jones industrial average rallied 161 points Thursday and 83 points Friday, to finish at 11,858.52.

The Dow still gave up 1.5% for the week, but that relatively small loss suggests that most investors don't expect the nightmare scenario to unfold in Japan — meaning a catastrophic meltdown of one or more nuclear reactors, releasing deadly radiation over a wide area and triggering panic around the globe.

Instead, the benefit of the doubt rests with the idea that Japan will succeed with some sort of stabilization of the reactors, removing the threat of a cataclysm.

That would allow Wall Street to pick up where it left off before Japan's horrific earthquake and tsunami: still betting on U.S. economic growth, expecting rising inflation and higher interest rates, and warily watching the unrest in the Middle East and its effect on oil prices.

Frightening as the Japanese crisis is, it hasn't had the effect that the Sept. 11, 2001, terrorist attacks had on U.S. investors' psyches. The Dow plunged 14.3% in the week trading resumed after the attacks, as people feared the global economy would implode.

By contrast, Japan's Nikkei 225 stock index has lost 12% since the quake, ending Friday at 9,206.75.

Of course, markets' judgment about the nuclear risk is nothing more than a guess at this point. How could it be anything else?

"People don't really have any idea what's going on" at those plants, said Stephen Stanley, chief economist at Pierpont Securities in Stamford, Conn.

Traders are living from headline to headline.

"You can't be worried about the next month or even the next week when the next 10 minutes could bring a big move in the market," Stanley said.

Apart from the nuclear crisis, the global effects of the damage done to the Japanese economy are just beginning to be counted. Shuttered Japanese factories already are causing supply-chain disruptions in the auto and tech industries.

Joe Carson, an economist at AllianceBernstein in New York, noted that Japan accounts for a full 25% of world semiconductor manufacturing capacity.

But Japan has shrunk in stature in the global economy as other countries have grown much faster. It now accounts for 9% of the global output of goods and services, down from about 17% in the mid-1990s.

What's more, supply disruptions will be temporary, and the markets know it. Shares of Texas Instruments, the second-biggest U.S. chip producer, lost a modest 3% for the week despite warning Monday that its sales would be depressed for two quarters because of quake damage to one of its Japanese plants.

The advantage for the U.S. economy is that it had decent momentum before Japan's crisis, providing a potential buffer. This week alone, the Conference Board said its index of leading economic indicators rose in February for an eighth straight month, March manufacturing reports from the New York and mid-Atlantic regions were robust, and the government said weekly unemployment benefit claims fell.

Federal Reserve policymakers, who met Tuesday, upgraded their assessment of the economy, saying it appeared to be "on firmer footing" than at their last meeting in late January.

But the Fed also said it would stick to its plan of buying Treasury bonds to suppress interest rates and underpin growth. That $600-billion program is set to end June 30.

The Fed's presence as a bond buyer has become more important since Japan's earthquake amid concerns that the disaster could force Japan to sell some of its $886 billion in Treasury bond holdings, or at least cut back on new purchases, as it funnels cash into rebuilding efforts.

Many economists doubt that Japan will need to sell U.S. bonds. Rather, the government is expected to issue new debt to pay for reconstruction. Although that will add to what is already a monumental government debt burden, nearly all of Japan's debt is held by its own people. And in the aftermath of the crisis, it seems inconceivable that Japanese investors wouldn't step up to fund the rebuilding program.

Even if Japan holds tight to its U.S. bonds, the post-quake dive in Treasury yields — as spooked investors ran for cover — means the bond market now is vulnerable to a snap-back, some bond pros warn.

The 10-year T-note yield tumbled from 3.74% on Feb. 8 to a three-month low of 3.17% on Wednesday. By Friday it had inched up to 3.27%.

Rick Rieder, chief investment officer for fixed income at BlackRock Inc. in New York, said he's expecting Treasury yields to "drift higher" from here, lifting the 10-year T-note close to 4% by year's end, assuming Japan's nuclear crisis ends and the U.S. economy stays on a growth track.

Bond investors have another reason to be wary of low yields: Inflation pressures clearly are building as food and energy costs rise. The consumer price index jumped 0.5% in February, the biggest monthly increase since June 2009. Inflation erodes fixed-rate returns.

Inflation jitters aren't likely to fade as long as political upheaval in the Middle East and North Africa keeps upward pressure on oil prices.

U.S. crude ended the week at $101.07 a barrel, up from $97.18 on Tuesday, as it became clear that Western allies were prepared to go to battle with Libyan strongman Moammar Kadafi to protect Libyan rebels.

While stock markets have bounced, Stephen Roach, chairman of the supervisory board of Morgan Stanley Asia Ltd., worries that investors may be underestimating the "confluence of shocks" that have hit the global economy this year.

"None of them is enough to bring the recovery to a stop alone, but when you put them all together it's a pretty significant array of forces" against growth, he said.

tom.petruno@latimes.com

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CPO likely to trade mixed this week

http://biz.thestar.com.my

Monday March 21, 2011

CPO likely to trade mixed this week

KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa MalaysiaDerivatives are likely to trade mixed this week as market players are expected to remain cautious following uncertainties in the global market.

Dealers said continuous uncertainty over the nuclear crisis in Japan, turmoil in the Middle East and rising oil prices were factors expected to affect sentiment.

Fundamentally, however, CPO futures remained strong, said one of them.

On the local front, reports by cargo surveyors - Societe Generale de Surveillance and Intertek Testing Services - due today could set this week's market direction, he said.

On Friday-to-Friday basis, April 2011 chalked up RM100 to RM3,499 per tonne,

May 2011 moved up RM109 to RM3,473 per tonne and June 2011 rose RM101 to RM3,446 per tonne and July 2011.

March 2011 expired at RM3,300 while new contract July 2011 stood at RM3,428.

The weekly turnover rose to 152,343 lots from 105,608 lots while open interest declined to 92,960 contracts from 96,456 contracts the previous Friday.

On the physical market, April South ended RM20 higher at RM3,520 per tonne. Bernama

What is the cheapest and best trading on-line platform...By Alessio Rastani

What is the cheapest and best trading on-line platform

14 March at 14:53 ·  · 

• • 

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    14 March at 20:08 · 
  • J  

    I think that you should write a book on this subject, if you havn't yet.
    I have larned so much from your videos, than I have learnd from the books I have purchased from time to time. You make trading sound so easy. I would like to subscribe...See more

    15 March at 06:40 · 
  • 

    Alessio Rastani Hi J- thanks very much for your kind feedback. It's always a pleasure. Email me at news@leadingtrader.com and I will send you my free weekly video updates on the markets (if you are not getting them already). By the way, I should mention that I believe that trading can be simple but NOT easy. It becomes easy once you have learnt your trading plan and can adhere to your rules. That takes a lot of effort and practice (and discipline)! My best wishes to you and your trading.

    16 March at 18:31 ·