[Link] which he modeled after his more famous (or infamous) "Dinar 101" video. [Link]
I was aware of Brad pumping LD Holdings (OTC ticker symbol LDHL) but never gave it much attention. But it seems that Brad's recent indictment and his efforts to promote the company have gained some attention in the investing community. I have heard of the Seeking Alpha website but have no firm opinion of it, they seem to have done the due diligence I didn't. September 21st of this year they published a story titled "Don't Get Dunked in LD Holding Pool of Hype" from which I quote:
John Ayling being the principle behind LD Holdings.On June 23, 2010 John Ayling voluntarily surrendered his firm's investment advisor license.The Ohio Department of Commerce's division of securities said Tuesday it has abandoned its effort to revoke a Perrysburg firm's investment adviser license. The firm's president voluntarily surrendered it April 28.Yet ironically, he wants to help companies raise money and as we will discuss, solicit customers in his diners to buy into LDHL's business plan and stock.
John Ayling, president and chief compliance officer for Capital First Management Inc. of Perrysburg, terminated the license after the division formally sought its suspension or removal in 2009, spokesman Dennis Ginty said.
We are not going to ramble on about accusations and insinuations of fraud. This is a unique circumstance where we only need to look at LDHL's insane business plan, conclude how utterly ridiculous and hilarious it is and realize that John Ayling has played this game in the past under LDTI, which ultimately resulted in a destruction of investors' capital.
Well today the same website reports the following:
Ld Holdings Draws More Scrutiny As A Company Promoter Gets Indicted By Grand Jury
[Link to the article on Seeking Alpha dot com]On September 21, we published our initial short thesis on Ld Holdings (LDHL.PK) on Seeking Alpha - Don't Get Dunked In The Ld Holdings Pool Of Hype. If investors still choose to hold a long bias view after reading even more evidence presented in this follow-up, it is certainly their prerogative. But they have been warned. Our most striking finding will show that LDHL seems to be in bed with who we consider to be a less than angelic individual accused of running a $23 million investment fraud scheme. This should almost ensure that LDHL is heading back to near sub-penny levels any day now.
Outspoken LDLH Supporter Indicted For Fraud
Brad Huebner is an individual who, as we will show, has been instrumental in promoting the LDHL story. As an example, take this excerpt from a Huebner email solicitation, obtained from the web with a little digging:"In the last 60 days this thinly traded stock has gone from .02 cents to .24 cents and we're just now launching our marketing campaign to introduce LD Holdings to the Dinar community and beyond. Once you understand the demographics that'll grow this Company, I think you'll agree that it's worth taking a serious look at!"
Brad and the BH Group Team
When you read the rest of the article it makes me wonder if there might be another indictment in Brad's future. A few select quotes:
And:Even if some investors want to view LDHL as a legitimate company, its relationship with Huebner almost ensures that it will lose the needed credibility to raise the much needed capital to execute its current business plan.
To continue our dissection of the LDHL story, we will focus on:
- The motivation for the pump of LDHL shares, as well research into characters, mainly Huebner, that have been very direct in encouraging investors to sweep up LDHL shares.
- Letters of Intents ("LOI") that may have helped fuel the pump of LDHL shares. These "agreements" were inked with companies/ventures that appear to have become inactive within month of their formations. No disclosures have yet to be made regarding the status of these LOIs.
- Inconsistencies Across Filings; Weak Disclosures
I would love to just quote the whole article but I'm pushing the boundaries of fair use as it is. I would encourage anyone interested in the legal entanglements of one Bradford Huebner to read it for themselves.One of the most striking statements made by Huebner is his plea to readers to contact him and/or John Ayling if they needed assistance in setting up brokerage accounts in order to buy shares of LDHL. We are not legal experts, but we speculate that Huebner and Ayling are walking a fine line with the SEC by soliciting investors to buy stock.
We urge Huebner to send a follow-up email disclosing his 18 million shares which are up for grabs through a business consulting arrangement with LDHL and his company, Financial Wellness LLC.
The next question investors may now be asking:
- Is Brad Huebner really just an investor in LDHL?
- Is he being compensated to tell the LDHL story?
While we can assume Brad's comments insinuate that the answer is yes to the first question, the answer to the second is a resounding yes!
Mr. Pigott, there may be another class action suit in this for you.