25 Apr African Copper Corp (NWYT) – a future APS pick? – Now ACCS
Just over a week ago on April 15, 2013, we did our last report on African Copper Corp (NWYT) and started to point out some signs that suggest that NWYT may have been upgraded from a future Victory Mark pick to a future Awesome Penny Stocks pick. Since April 15, 2013, NWYT has already taken a few more steps that now have me convinced that NWYT is setting up to be used as a possible future Awesome Penny Stocks promotion.
The following is a break down of the progress of NWYT from an empty shell being taken public for a future pump & dump to the final stages that now have African Copper Corp (NWYT) ready to be promoted in the very near future.
New York Tutor Company was incorporated in Nevada on 4/6/11
Location - New York
Original CEO - Mark Simon (age 59) - sole officer and director
Mark Simon was also the CEO of HDS International Corp (HDSI) which is a Carrillo Huettel, LLP, Aaron Lamkin, Don Calabria, Frank Hariton, Alan Collier, and Mackie Barch linked company. HDSI was promoted by AwesomePennyStocks starting on August 18, 2011. More information about HDSI can be found in our MSSD research report. Prior to being recruited as a nominee officer for Luis Carrillo linked shells, Mark Simon was a roaming college professor and a trade supervisor on the New York Commodities Exchange and American Stock Exchange mostly facilitating the clearing of commodity and stock option trades.
The business plan for New York Tutor was exactly as the name suggested, to offer tutoring to students in the New York area. The website for the company was located at nytutorcompany.com
Mark Simon received 4,500,000 shares of New York Tutor stock at no cost as its founder on 4/6/11.
An S-1 was filed to take New York Tutor public on 8/08/11
The attorney helping to take this shell public was pump&dump attorney firm, Carrillo Huettel LLP.
The tutoring company plan was just a front to get SEC approval to become publicly traded, and the SEC gave that approval on 10/27/11.
Suspicious debt Note issued to an Anonymous foreign entity
To help support its financial needs and probably to be used as a vehicle to issue APS insiders free trading stock to dump in the future, NWYT borrowed $87,500 from an anonymous foreign entity called 888 Investment Ltd through a series of promissory Notes issued between April of 2011 and February of 2012. Indications are that 888 Investment Ltd has connections to both Panama and Hong Kong (very similar to the foreign entities used to hold stock in another recent APS ticker - SVEN).
Using an anonymous foreign entity to hold debt for the future issuing of free trading stock was a very common trend for many of the 2012 APS promo tickers.
After going public, NWYT sold 562,500 shares at $.08/share in a private placement raising $45,000.
Other than selling 562,500 shares to some anonymous hand picked seed shareholders, not much happened with the NWYT tutor shell for a long time after going public. The company never developed its tutoring business and never earned any revenues of any kind.
Carrillo Huettel LLP continued to act as legal counsel for the shell at least as recently as the 10Q filing in October which was authored by Luis Carrillo's legal assistant, Laura Puhl.
In December of 2012, this future pump&dump shell took a huge step forward by getting approval for a 160:1 forward split. The forward split gave the anonymous seed shareholders 90,000,000 free trading shares of stock to dump when the paid promotion finally happens. Most recent APS affiliated pump&dumps have had between 80,000,000 and 180,000,000 free trading shares of stock ready to be dumped by insiders putting NWYT right in APS promo range.
New Current Share Count following the 160:1 forward split
Authorized - 950,000,000 shares
Outstanding - 810,000,000 shares
Mark Simon - 720,000,000 shares (restricted)
Anonymous Seed Shareholders - 90,000,000 shares (free trading) - costing $.0005/share
At this point, following the clearing of the forward split, we considered the NWYT to be about 3 1/2 - 4 months out from any kind of paid promotion. That put NWYT to be on track to be promoted some time before the end of April 2013.
Change of Control
On March 22, 2013, Mark Simon resigned from all of his positions. He was replaced by Andrew Stone as the sole officer/director of the shell.
Andrew Stone who is original from Australia but now resides in Cape Town, South Africa has been the Managing Director of Liquid Wallpaper (a closed corporation) which he founded in February of 2010. Liquid Wallpaper operates licensed agents throughout South Africa who operate their own franchises selling specialized eco-friendly water based paint.
Coinciding with the change of control, Andrew Stone acquired all 720,000,000 shares from Mark Simon for $18,000. That comes out to a price of $000025/share. At the current market price for NWYT ($.197/share), those 720,000,000 shares are worth $141,840,000 making this one of the greatest deals of all-time.
With the change of control, the NWYT corporate address has moved from New York to Cape Town, South Africa.
Why Cape Town, South Africa is significant
Warwick Calasse, the individual that took over for GOFF from Gary O'Flynn when that ticker did its change of control, was also from Cape Town, South Africa just like Andrew Stone. I do not think that this is a coincidence. See our GOFF report here. GOFF was of course the most recent Awesome Penny Stocks promotion.
Change of Business Operations
On March 28, 2013, a business entity was created with the Nevada SOS called African Copper Corporation. The entity was created to be used to merge into the New York Tutor shell to effect a name change for the entity. On April 12, 2013 that merger took place and the New York Tutor shell is now officially known as African Copper Corporation.
The resident agent, National Registered Agents, Inc of NV, that was used for the African Copper Corporation entity was the same resident agent used to make the GOFF wholly owned subsidiary, Golden Glory Resources Inc.
On April 6, 2013, an 8K was filed for the name change event found here.
Andrew Stone obviously has no experience in mining which reminds me of the horse trainer, Warwick Calasse, that took over for GOFF.
Website is registered
On April 19, 2013, a domain was registered for African Copper Corp at africancoppercorp.com
The website is still in development but is coming along quickly.
A mineral property is added to the mix
You can't have a pump&dump without an asset and with the new name of African Copper Corp it only makes sense to have a mineral claim in African that allegedly contains copper.
On April 19, 2013, NWYT filed an 8K for an acquisition agreement that was signed on April 4, 2013 to acquire some unpatented undeveloped claims in Africa.
The Mineral Claims Purchase Agreement was signed with Guerrero Exploration, Inc., an Alberta corporation, whereby NWYT acquired all right, title and interest in and to certain unpatented mineral claims located in northwestern Botswana, Africa for aggregate consideration in the amount of $850,000.
Guerrero Exploration Inc was signed for by Michelle Robinson.
Guerrero Exploration Inc trades on the Canadian exchange under the ticker symbol GEX. Not surprisingly, one of the Guerrero Exploration Inc directors, James Ladner, is well tied to the private Swiss banking industry.
$350,000 of that $850,000 will go to Luc Antoine to cover expenses due to him by Guerrero Exploration Inc related to the mining claims. Luc Antoine was previously involved with AKGC then known as Sono Resources Inc (SCRI).
NWYT barely has any cash so I am not sure where they will get $850,000 from, but since this is probably just for PR purposes for a paid promotion they probably will never end up completing the acquisition of the mineral property.
The mining claims known as Placer 137/2010 - Placer 148/2010 held in the name of Pinette Copper Corp are located in Botswana, Africa.
Pinette Copper Corp is a private company organized under the laws of British Columbia. On June 22, 2012, Sono Resources Inc (SRCI) sold Bonnyridge Pty and the Botswana based claims to Pinette Copper Corp. A key figure in the transaction was Luc Antoine. In the SRCI filing for the event we get 3 names linked to Pinette Copper Corp (Jaime McVicar, Heenan Blaikie, and Marc Paul Lindsay). SRCI had previously acquired Bonnyridge Pty and the Botswana based claims from Hendrick Gideon Veldsman and Alan Lennox Ellicot Simmonds in August of 2011.
Four days after Pinette Copper Corp acquired the Botswana based claims, on June 26, 2012, Guerrero Exploration Inc signed an agreement to acquire Pinette Copper Corp and its Mexico based gold claims and Botswana based claims The acquisition was completed on January 2, 2013.
Now Guerrero Exploration Inc is agreeing to pass off the Botswana based unpatented claims which have yet to produce any copper to NWYT for money that NWYT doesn't have on its balance sheet. According to a press release issued on April 5, 2013, Guerrero Exploration Inc was selling the Botswana claims for cash and the assumption of $850,000 in debt as part of an "arms-length" transaction. What do they mean by "arms-length"? Is an insider of NWYT linked to Guerrero Exploration Inc? It sure sounds that way. Since the only NWTY insider yet to be acknowledged in a public NWYT filing is Andrew Stone and we know Andrew Stone has no previous experience in mining, we are left guessing who the NWYT insider is that is also linked to Guerrero Exploration Inc.
Cleaning up the share count
On April 23, 2013, Andrew Stone, cancelled 620,000,000 of his 720,000,000 shares in exchange for a $9,300 debt Note
The Outstanding share count is now 190,000,000 shares
100,000,000 shares owned by Andrew Stone
90,000,000 free trading shares owned by the seed shareholders
Registered with the Frankfort Exchange
Earlier this month, NWYT was added to the Frankfort exchange
The last 6 Awesome Penny Stocks were all registered to trade on the Frankfort exchange.
NWYT used the same market maker/main broker that APS used on all of its past paid promotions that were also listed on the Frankfort exchange - Renell Wertpapierhandelsbank AG
Everything about NWYT from the set-up to the insiders to the anonymous foreign debt Note holder to the share structure to the new management team to the German listing all suggest that NWYT has been groomed to become a future Awesome Penny Stocks promotion. NWYT has 90,000,000 free trading shares of stock and a Panamanian debt Note that will come into play as a way to enrich insiders to go with the 90,000,000 free trading seed shareholder shares.
We are expecting the next APS promotion to be announced some time in the next 2 weeks. NWYT should be getting a name change approved by FINRA to reflex the corporate name change done at the Nevada SOS. With the name change we could see a symbol change. The final step will be the full version of the website going live. After that NWYT will be as ready as it needs to be for a future paid promotion. All that will be left to learn is if NWYT will end up being an Awesome Penny Stocks promotion or a paid promotion led by somebody else.
I have two tickers that currently meet all the regular APS criteria that could end up being the next pick. Until the day comes that APS officially announces their next pick, it will do nobody any good, especially the members of this site, to start speculating or creating rumors about NWYT being a possibility for the next APS promotion. It will also do nobody any good, especially the members of this site, to start drawing any attention at all to NWYT including posting NWYT message board forums. Anybody considering playing the next APS pick should keep all possible APS picks to themselves until after the APS confirmation.