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Why eyes should be on NVMN for a future promotion

18 Jun Why eyes should be on NVMN for a future promotion

A special thanks to one of our premium members, Rachid, for drawing my attention to Nova Mining Corp (NVMN).

I'm going to dive right in and show the dots that Rachid connected that has me convinced that NVMN belongs on my pre-promo stocks watch list.

Starting in late-April, Domark International (DOMK) became the focus of a multi-million dollar pump&dump campaign.  The landing page for the promotion was http://hotstockpick.co/

DOMK ran from under $1/share to a high of $4.88/share on May 8, 2012.

 

 

The promotion ended and DOMK fell back down to its pre-promo price levels.

Who is hotstockpick.co?  According to WHOIs records the site was registered on June 18, 2011 by David Hu of Singapore.

David Hu
40A Joo Chiat Place
Singapore, Chiat 427764
+65.6563489956
[email protected]

That wasn't the first time that David Hu promoted DOMK.  He also rain a promotion on the stock back in August of 2011 as seen here.

David Hu also runs another stock promotion company, http://foxmarketreport.com/

foxmarketreport.com was registered by David Hu on November 9, 2011

Hu, David
40A Joo Chiat Place
Singapore, Chiat 427764
+65.6563489956
[email protected]

Nova Mining Corp (NVMN) is focused on foxmarketreport.com

A reverse IP search shows that the following domains are all hosted on the same server:

hotstockpick.co
nova-mining.com
optimumsolar.com
foxmarketreport.com

 

 

That means that Nova Mining Corp is directly linked to David Hu.  The same David Hu that was involved with pumping DOMK up to $4.88/share.

 

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Nova Mining Corp was registered as a business entity in Nevada on December 29, 2005 by Robert L. Thast, Maryna Bilynska, and Conrad Lysiak.

Nova Mining Corp filed an SB-2 with the help of Conrad C. Lysiak, Esq. on August 16, 2006.

Thast was the lone shareholder at the time with 5,000,000 shares.  The company had a Howe Street address at this time.

On November 24, 2006, NVMN completed a public offering raising $100,000 by selling 1,000,000 shares of common stock at an offering price of $.10/share to 49 investors.

On April 29, 2008, NVMN let Salish Park Holding Ltd (Dana Carroll) borrow $50,000.  The strange part is that the previous Quarterly report showed NVMN with only $44,680 cash and no revenues.

On September 28, 2008, Robert Thast resigned and Terry Williams took over as the sole officer/director of the shell.  Williams had no previous mining experience, but his term wouldn't last long.  On December 10, 2008, Terry Williams resigned and Andriy Volianuk took over as the sole officer/director of NVMN and owner of those 5,000,000 shares.  The address of the company was briefly moved to the Ukraine.

In February of 2009, geologist Duncan Bain was hired by the company and based on his evaluations, NVMN decided to dump the property on Vancouver Island that they had controlled since going public.  Duncan Bain was then hired by NVMN to select an area in Saskatchewan considered favorable for hosting diamondiferous kimberlite pipes. That site known as The Bittern Lake Project was staked by Mr. Bain and registered by Mr. Bain with the province of Saskatchewan on March 18, 2009.

On December 14, 2010 there was another change of control.  The 5,000,000 shares held by Volianuk (and thus control of the shell) were transferred to Half Moon Bay Holdings, LLC of which the sole director is Joseph C. Passalaqua for $17,500.

Passalaqua can be closely tied to Joseph Meuse through several shells (ENTI, PTEL, DUTV, LGHS, and others) and also to Anthony Dibiase through others (PTEL, ENTI, DUTV).

On March 29, 2011 the Company re-engaged the services of Duncan Bain to direct a Phase 1 Exploration Program on his Claim.

Passalaqua resigned from his officer positions (while keeping all of his shares) and planted Carmen Joseph Carbona as the sole officer/director on March 31, 2011 (not announced in an 8K until July 14, 2011).   On September 1, 2011, Carbona hired Duncan Bain to be the company geologist/consult for the next two years.

On October 5, 2011, NVMN announced a 5:1 forward split increasing the holdings of their insiders.

That gave Joseph Passalaqua 25,000,000 shares purchased for $17,500 ($.0007/share), and 49 unnamed investors a total of 5,000,000 shares purchased for $100,000 ($.02/share).

On March 19, 2012, Duncan Bain replaced Carmen Joseph Carbona as the president and CFO of the company.  Carbona stayed on as the Chairman of the Board of Directors.

On May 21, 2012, Clarent Services Corp purchased those 25,000,000 shares from Joseph Pasalaqua for $1,000,000 ($.04/share).  That was a nice $982,500 profit for Passalaqua. I wonder if this is the same Clarent Services Corp registered in the Marshall Island's on May 1, 2012.

As part of the change in control, Duncan Bain resigned from his officer positions staying on as a Director, and James Dilger became the new CEO, CFO, and Director of NVMN.  James Dilger's bio lists him as the founder of Texas Invest Direct Oil.

As of the last financial report, NVMN's cash has dwindled down to just $4,581 and NVMN has over $400,000 in Notes payable and interest owed.  NVMN lacks the funding to make any real progress with their mining properties.  Insiders must realize this because on June 13, 2012, NVMN issued a press release announcing it has secured $2,000,000 in funding.  Today, NVMN issued another press release announcing that that they are working on completing a letter of intent to secure the exclusive rights to purchase lithium from Mongolian National Mining Consultants Limited (MNMC).

It will be interesting to see where things go from here for NVNM.  The stock has bounced around between $1.00/share and $1.50/share over the past 6 months without any really heavy trading days.  With only 30,000,000 outstanding shares (25,000,000 of which should be restricted), the shell could easily be manipulated by a strong promotion.  One very big questions is who controls Clarent Services Corp.

 

 


 

2 Comments
  • nodummy
    nodummy
    Posted at 09:46h, 20 June Reply

    NVMN with more news out this morning.

    http://ih.advfn.com/p.php?pid=nmona&article=52828992&symbol=NVMN

    I saw an NVMN advertisement placed on IHUB this morning also. I wonder if David Hu is going to start really pushing this one soon.

    The price has slowly been creeping up

  • Anthony
    Posted at 21:36h, 28 June Reply

    This stock might be being promoted now. If you go to stockpromoters.com you will discover that the front page has the NVMB symbol. If you click on the symbol it will take you to the home page of NVMB.

    If you go to stock promoters.com and type in a ticker symbol, you may be able to find out if the stock is being promoted, who the promoter is, what the compensation is, the length of the promotion, etc.

    The site is useful, but since they appear to be promoting NVMB, I have some concerns.

    In regard to some stocks that are being promoted, the symbol indicates no promotion or no compensation for the promotion. Sometimes the promoter and compensation information is reported a few days after the pump.

    If you type in NVMB, despite the fact that it appears to be promoted by Stockpromoters.com, there is no inidication that NVMB is being promoted by Stockpromoters.com. Does this mean that the placement of NVMB on the front page of Stockpromoters.com is an advertisement?

    I don’t know…. food for thought!

    Good luck to all!

    Anthony

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