21 Jul Natalie Bannister (HEME/ALTO/DUSS) – Research
Natalie Bannister (HEME/ALTO/DUSS)
I put this together as a response to a poster on another forum, but thought I would post it here for future reference.
Recently Natalie Bannister was brought on board as a Director of Dussault Apparel (DUSS) sparking some renewed investor interest in that often pumped&dumped shell. The share price shot up from $.0004/share to over $.003/share in the days following the announcement.
Before being hired by DUSS, Natalie Bannister served as a "CEO for hire" for two other shells with pump&dump histories - ALTO and HEME.
It looks like Natalie Bannister's first act upon being planted as the temporary CEO of both the HEME and ALTO shells was to do a forward split.
With HEME she was brought in on June 3, 2010 (filing done June 7, 2010)
Then boom on June 10, 2010 an 8K filing announcing a 30:1 forward split
Yes the forward split was in the works since late-April, but I'm pretty sure that the plan to bring Natalie Bannister in was in the works even longer than that. Natalie Bannister didn't own a share of HEME stock.
HEME shares were still just about all insider owned at this time so this was basically just setting up the HEME shell for a future of pump&dump activity. The dumping has taken HEME down to where it is now close to worthless.
Natalie Bannister helped HEME achieve three other extremely important factors in the shells insider enrichment scheme before disappearing.
On July 28, 2010, she helped them get approval from the SEC to allow the owners of 2,334,500 pre-forward split shares (70,035,000 post-forward split shares) to be able to sell their shares.
On June 30, 2010, she arranged for a toxic $375,000 convertible debt Note to be signed with a Cayman Islands company, Med Ventures Ltd.
Med Ventures Ltd is a familiar name from past research (Steve Lantham) - which takes you down a rabbit hole of pump&dumps - PEPR, FDEI, SAEI, etc.
On August 11, 2010, She changed the accountant from Gruber & Company LLC to MaloneBailey.
By the end of August, Natalie Bannister was done with her temporary roll as the CEO.
In 3 quick months Natalie Bannister set up HEME for a lifetime of destruction.
Natalie Bannister was brought in to be the temporary CEO of ALTO shortly after ALTO gained public trading status. Obviously a pawn in a bigger plan to run the ALTO shell as an insider enrichment scam.
Natalie Bannister was brought in as the sole officer/director of ALTO on July 31, 2009
Then Boom, a 14C is filed to do an 8:1 forward split on August 20, 2009
Natalie Bannister didn't even own a share of ALTO stock. All the shares were insider owned at this point. Her role was clear - to help the other insiders with the set up of the ALTO shell for future dilution and insider enrichment.
The seed shareholders that paid $.001/share for their 3,960,000 shares would now own 31,680,000 shares that only cost them ($.000125/share).
Natalie Bannister performed two other extremely important duties during her brief stint as the temporary CEO of ALTO.
She signed a Convertible debt Note with DSC Inc on September 14, 2009
She brought in Mark Klok to take over the shell in November of 2009.
Mark Klok would spend the next 2 1/2 years abusing the ALTO shareholders by issuing shares to himself and his cohorts at $.0001/share for various fees, services, and debt Note conversions which never amounted to any real operations for the ALTO shell.
In 3 1/2 quick months Natalie Bannister set up ALTO for a lifetime of destruction.
DSC Inc (debt Note holder for ALTO) was an entity controlled by Natalie Bannister's good buddy, Dale Paisley.
Dale Paisley was brought in to be a Director of both HEME and ALTO during the time that Natalie Bannister was the temporary CEO of both of those shells.
Dale Paisley's history with penny stocks is a bit longer than that of Natalie Bannister
Including a long stint with BioClean Inc (BOCL) [now known as Texas Gulf Energy Inc - TXGE] in which Dale Paisley acted as the CFO and director between October 2009 and February 2010. During that time Natalie Bannister was brought on board to be the IR for the BOCL shell.
BOCL conducted a 9:1 forward spit in October of 2009 then was diluted.
Natalie Bannister - Investor Relations
Besides ALTO, HEME, BOCL, and of course DUSS now, Natalie Bannister played the role of Investor Relations for a few other shells including:
Topaz Resources Inc (TOPZ) - 2010
In 2010, TOPZ had just achieved publicly trading status. The insiders still owned all of the shares. Why am I not surprised that during 2010 TOPZ conducted 2 forward splits.
7:1 forward split on April 16, 2010
6:1 forward split on November 15, 2010
The TOPZ share price went from over $1.00/share during a good part of 2010 down to $.0021/share today.
Natalie Bannister experience includes:
October 2002 to Present, Natalie Bannister Consulting. Duties include assisting private companies going public and public companies seeking merger or acquisition.
February 2003 to October 2004, Stifel, Nicolaus & Company. Duties included marketing of mutual funds and 529 College Savings Plans.
October 2004 to January 2006, Lincoln Financial Advisors. Duties included supervision of financial advisors.
January 2007 to February 2008, Raymond James Financial Services. Duties included supervision of financial advisors.
February 2009 to Present, Wells Fargo Advisors/PlumRhino Consulting. Duties include compliance, surveillance, risk and control for Latin American Channel of financial advisors.
The patterns followed in the Natalie Bannister linked shells is very disturbing.
I don't see DUSS conducting any forward splits because unlike past Natalie Bannister shells, she isn't getting involved in DUSS while the shares are still insider owned.
I'm sure DUSS has a plan for her though and that it has something to do with her past experiences with other penny stocks. Knowing her past experienced with other penny stocks, I don't expect that her roll with DUSS will end up being anything good for investors there long term.