That's what it says in the SEC file. I will repost
Post# of 39368
Remember this is all true as Jeff testified to it and the SEC neveer would make stuff up.
Bottom line is he's a DumbAss investor who was greedy enough to still try to rip off shareholders. And he calls us idiots. We haven't lost a dime. We have not given in to Clown Liar TDBowieknife and his Muppets and their BS
Quote:
In between October 2005 and 2009, he invested with Phoenix Associates, and became acquainted with Blackburn and Mulshine, purchasing over 64 million shares at a cost of about $466,000. On internet chat rooms,( like TD's IHUB ) he learned about over twenty civil suits involving Phoenix Associates, and learned that Blackburn was a convicted felon. He lost almost his entire investment when Phoenix Associates went bankrupt.
What is almost all of his investment ? 50% ... 90% ... 30%
Bottomline these are some major red flags and buyer should beware. But the following happens ( lol )
Quote:.
In 2008, Mulshine approached him about investing in Treaty Petroleum, promising
production of 200 barrels per day. Morgan invested $30,000 for the wells
Then Jeff started believing everything Clown Liar TD was saying and sold for pennies on the dollar.
Quote:
When he was finally able to sell his shares, he lost $18,800.
Jeff says he is a victim ( LMAO ). Shareholders call him weak hands that could handle the pressure of a High Risk / High Reward Stock
Wierd how the dates over .....
The first quote is 2005 - 2009
The second quote is 2008
Absolutely no sympathy for this loser. He got greedy and seserves what he got.
But nonoe of it true anyway. 13 lawsuits and each one he lost. lol