|From: StockDung||7/25/2014 4:32:06 PM|
|Fraud Promoter Eric Dickson in the hot seat|
GHIL - Ross' Gold Comments on Recent Stock Volume and Price Increase
17 hours ago
TORONTO, ON--(Marketwired - July 24, 2014) - Green and Hill Industries (GHIL) dba Ross' Gold (the "Company") has noticed a significant increase in the share price and trading volume of the Company's shares beginning Tuesday July 22, 2014 and continuing Thursday July 24, 2014.
The Company has been advised by the British Columbia Securities Commission ("BCSC") that the Company is the subject of a promotional campaign by a newsletter writer. The material being distributed contains promotional language pertaining to the Company's business, activities and future share price. The promotional campaign coincides with, and appears to have effected, a significant increase in the share price and trading volume of the Company's shares beginning Tuesday July 22, 2014.
The Company and its officers and directors did not authorize or participate in the promotional campaign in any way and do not endorse it. The Company and its officers and directors only became aware of the promotional campaign when advised by the BCSC.
A disclaimer by one of the letter writers indicates that Development Solutions Co. Ltd. and/or Breakaway Stocks engaged, and compensated, the letter writer for the promotional campaign. The Company and its officers and directors:
•do not know who beneficially owns controls or represents Development Solutions Co. Ltd. and/or Breakaway Stocks
•has never had contact with nor knows who Eric Dickson, Editor of Development Solutions Co. Ltd. and/or Breakaway Stocks is,
•do not know if Development Solutions Co. Ltd. and/or Breakaway Stocks owns shares of the Company,
•did not participate in, or benefit from, trading in the shares of the Company during the promotional campaign.
The Company further advises that there are numerous false statements in the newsletter including:
•Inference that a huge profit and giant sized returns might be made from trading in the Company's stock
•That Dr. Sanjay Gupta is somehow involved with the Company
The Company and its officers and directors are unaware of any business reason for this market activity and price increase. All material developments concerning the Company of which its officers and directors are aware have been disclosed in the Company's filings with OTC Markets and SEDAR. The Company encourages anyone interested in the Company to review its filings with OTC Markets (US) or on SEDAR (Canada).
A copy of this news release will also be posted on SEDAR.
About Ross' Gold
Ross' Gold plans to license it established brand through partnerships with government approved licensed producers in Canada for medical cannabis strains called Ross' Platinum, Ross' Gold, Ross' Silver and Ross' Bronze with specific THC/CBD levels for specific ailments. The Company has a line of retail cannabis related products that will be sold in Canada. The Company has an established international brand with the celebrity of Olympic Gold Medal winner Ross Rebagliati and also looking to license its brand to other cannabis related companies globally. Please visit www.rossgold.com for more information.
Safe Harbor Statement
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, projections of worldwide sales of Ross' Gold's products and global markets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined at www.rossgold.com and other periodic reports filed from time-to-time.
Ross' Gold (the 'Company')
|RecommendKeepReplyMark as Last Read|
|From: Q.||8/4/2014 7:01:13 PM|
|It's been a long time since I received a paid mailer. I'd think that with the bubbly market conditions the promoters would be pumping like crazy. Are they now pumping some other way?|
|RecommendKeepReplyMark as Last ReadRead Replies (1)|
|From: StockDung||8/5/2014 11:11:23 AM|
|Re: Stock promoter Eric Dickson/GHIL GHIL SEC trading suspension |
PR: http://www.sec.gov/litigation/suspensions/2014/34-72758.pdf (PDF)
Order: http://www.sec.gov/litigation/suspensions/2014/34-72758-o.pdf (PDF)
Marijuana penny stock says Florida promoter made false statements hyping company
South Florida Business Journal
A Canadian medical marijuana branding company issued a rare rebuke to a Palm Beach County stock promoter after his newsletter reportedly caused its penny stock to spike in value.
Torando-based Green Hill Industries (OTCBB: GHIL), doing business as Ross’ Gold, said in a press release that it noticed unusually high trading of its shares on Tuesday and Wednesday, and was advised by the British Columbia Securities Commission that a promotional newsletter was circulating on the Internet hyping its stock. Green Hill said the newsletter had numerous false statements about its business.
Shares of GHIL surged by 54 cents, or 61 percent, on Tuesday and Wednesday. They fell 26 cents on Thursday after the company made its announcement.
The letter, which touts a “huge 3,279% profit!” and says Ross’ Gold will become the “Coca-Cola of the pot world," was reportedly authored by Eric Dickson, editor of Breakaway Stocks. He’s also a manager at Delray Beach-based Trinity Investment Research.
RELATED CONTENT: Tallahassee lobbyists, lawyers jostle for pot business
Dickson couldn’t be reached for comment. The newsletter claimed to be a paid advertisement by Development Solutions Co. Ltd., which is not registered in Florida.
Green Hill said it has no business dealings or contact with either Dickson or Development Solutions.
Among the false statements the company claims Dickson made in his newsletter:
That a huge profit and giant-sized returns might be made from trading in the company's stock.
That Ross' Gold will be sold in the United States where in fact, the company has no such plans.
That Ross' Gold is a marijuana company where in fact it is a licensing and branding company.
That the company is the first publicly traded marijuana company in Canada.
That the company's CEO made money for outside investors as a real estate developer where in fact no money was made for outside investors.
That the company could be the subject of a buyout where, in fact, there is no buyout or planned buyout.
The Securities and Exchange Commission warned investors in May about speculative claims from marijuana penny stocks.
Brian Bandell covers banking, finance, health care and education. Get the latest banking industry news here.
Industries:Banking & Financial Services
|RecommendKeepReplyMark as Last Read|