Private Investor Adds Premier Brands, Inc. as an Additional Defendant in Lawsuit Against IDO Security, Inc., Empire Post Media,
16 Oktober 2012 - 3:39PM
Private citizen, George Sharp, has named Premier Brands, Inc.
(OTCBB:BRND) ("PREMIER") as an additional defendant in an ongoing
civil action for violations of California Business and Professions
Codes 17529.5 (Anti-Spam) and the California Legal Remedies Act.
The complaint had already identified IDO Security, Inc.,
(OTCBB:IDOI) ("IDOI"), Empire Post Media, Inc (OTCBB:EMPM)
("EMPIRE") and Mustang Alliances, Inc. (OTCBB:MSTG) as defendants,
as well as various officers and shareholders of those companies and
others involved in a scheme allegedly to disseminate spam emails in
order to artificially create a marketplace for the stocks of those
companies at artificially high prices. The Complaint was filed by
George Sharp in the San Diego County Division of California
Superior Court (Case No. 37-2012-00101057-CU-NP-CTL) on July 23,
2012.
In his complaint, Mr. Sharp states that the Defendants
deliberately hired offshore promoters and/or advertisers to
disseminate unsolicited emails under the identities Stock Castle,
Wall Street Penny Stock Advisors, Hottest Penny Stocks, Magic Penny
Stocks, Obscure Stocks, and Ultimate Penny Stock, imploring him to
buy IDOI, EMPIRE and MUSTANG stock; and, in spite of multiple
attempts by the Plaintiff to opt out of these emails, the spam
continued to be sent to his inbox. Under BPC § 17529.5, violators
are subject to pay damages of up to $1,000 for each spam email to
each recipient. Mr. Sharp is also seeking a preliminary injunction
against the defendants in order to prevent the practice from
continuing.
Mr. Sharp, expressed concern for investors in Premier Brands,
Inc. stock, an issue that is currently undergoing such a promotion
campaigns, seemingly to divest insiders of stock in what is
commonly known as a Pump and Dump campaign. As virtually all
of PREMIER stock was held by a few individuals, prior to the
commencement of the promotions, Mr. Sharp fears that investors in
that stock will see the kind of harsh losses typically realized as
a result of such campaigns, and as experienced by investors in
IDOI, EMPIRE and MUSTANG shares.
Mr. Sharp commented, "I have no idea how these spammers came to
add my email addresses to their lists, but even after attempting to
opt out through their Unsubscribe links, the emails kept
coming. It just goes to show the lengths that some
unscrupulous promoters will go in order to aid their clients'
intentions to divest themselves of stock."
Mr. Sharp holds no interest in any of the stocks
mentioned. Mr. Sharp invites those who have received unwanted
emails from these alleged spammers to contact him. Updates to
this litigation may be viewed by following Mr. Sharp's tweets at
www.twitter.com/goniffs. A copy of the complaint is available
upon request.
CONTACT: George Sharp
george@clippercp.com
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