Can someone provide you an example of how a stock scam works?

Answer 1

Here is an example of one stock scam in which one of the participants plagiarized the Rockefeller name.

Is Kinti Mining a stock scam? That's what I intend to prove.

First let me define what a stock scam is all about. A stock scam involves a bogus company. Usually the stock trades on the pink sheets. The company puts out bogus news to make the stock price go up, called the pump and dump. Before we go any further we need to establish some definitions. Which will be helpful to you as you read this article.

From Wikipedia Pink Sheets: Pink Quote, informally known as the Pink Sheets, is an electronic quotation system operated by Pink OTC Markets that displays quotes from broker-dealers for many over-the-counter (OTC) securities. These securities tend to be inactively traded stocks, including penny stocks and those with a narrow geographic interest.[1] Market makers and other brokers can use Pink Quote to publish their bid and ask quotation prices. Starting in 1913, and prior to the creation of the electronic system in 2000, these quotes were printed on pink colored paper by the National Quotation Bureau. The term Pink Sheets is also used to refer to a market tier within the current Pink Quote system.

The Pink Sheets is not a stock exchange. To be quoted in the Pink Sheets, companies do not need to fulfill any requirements (e.g. filing financial statements with the SEC). With the exception of foreign issuers, mostly represented by ADRs, the companies quoted in the Pink Sheets tend to be closely held, extremely small, thinly traded, or bankrupt. Most do not meet the minimum U.S. listing requirements for trading on a stock exchange such as the New York Stock Exchange. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies.

For these reasons the SEC views companies listed on Pink Sheets as "among the most risky investments"[citation needed] and advises potential investors to heavily research the companies in which they plan to invest.

From Wise Geek Stock Scam: The most common penny stock fraud is the Pump and Dump. A small group of speculators will accumulate a large number of shares in a penny stock. Once their positions are in place, they will release positive financial porn, news so unexpected and titillating it can drastically affect people's perception of the stock. The intent is to get small-time investors to start trading irrationally. The news is almost always false, but before this is discovered, the price of the stock often skyrockets and the original speculators exit with large profits.

From Merriam-Webster Dictionary Assay: to analyze (as an ore) for one or more specific components.

With those definitions in mind, let me introduce you to Kinti Mining. The following is what I have learned about Kinti Mining.

1. The company first traded on the pink sheets in the US on December 17th, 2009

2. They have 50 million shares outstanding with 80% of the shares being held by a few insiders.

3. The company's web site is hosted by a free web site hosting service

4. The company's CEO and President is Richard Byrd. His company email address is a gmail account.

5. According to their web site they have no board of directors.

6. Their largest shareholder is Frank Love, who is CEO and President of Khangolov Resources Inc. This will be important later.

7. Another character is Mr. Supriem David Rockefeller. More on him later.

8. Kinti Mining is a mining company incorporated in the State of Delaware but with its head office in Mississippi, where the CEO, Richard Byrd, resides.

9. They have one mining property located in Guyana, South America, which as far as I can tell has never been assayed.

With all the above kept in mind. Lets take a look at the time line of this stock scam.

Kinti Mining traded on the Frankfurt exchange from May of 2008 until May of 2009 under the symbol A11.F . Trading was halted on the stock on May 28th. In July all their management resigned and Robert Byrd was appointed CEO.

On November 26th, 2009 a domain name kintimining.com was registered. All information about the domain is unavailable from whois.net. This domain is currently parked and has several links regarding penny stocks.

Then on December 17th, 2009 Kinti Mining begins trading on the pink sheets in the US and they have their first press release, which was covered on CNN.com. Unfortunately it has been deleted from CNN but you can view it via Google cache.

All their press releases are available here. Now lets look at an excerpt from their first press release on their first day of trading in the US on the pink sheets.

Kinti Mining's President Richard Byrd states the following, "Our business partner and majority shareholder, Khangolov Resources Inc.'s President Frank Love has hit a Once-in-a-Lifetime opportunity for our Company and its shareholders!"

Khangolov Resources' President Frank Love states, "We are going into the Entertainment Business in a huge way. I have now partnered up with Mr. Supriem David Rockefeller, a financial magnate with strong ties to the entertainment industry.

The company has made a huge splash into the market place with an exclusive USB stick design for The Beatles. The drive is shaped like an apple, made entirely of metal, with the core of the apple being the actual USB stick. It contains the entire Beatles' music and movie catalogue as well as Behind the Scenes, never before seen videos and photographs. The content is all high definition quality and the Beatles USB component is the "only" USB device in the market capable of these specifications. Negotiations are already underway with other superstar acts (Such as The Beach Boys, The Michael Jackson Estate, Elvis Presley Enterprises, Bon Jovi, Pink Floyd, etc.) for similar products.

Wow! A mining company is getting into the entertainment business. Talk about thinking out of the box! But wait it gets even better with this excerpt.

Mr. Supriem David Rockefeller also informed us that he will back the entire deal with a $500 million Signature Guarantee from his personal Bank and Trust company, to include the account number and deposit balance.

S.D. Rockefeller Holdings. Ltd. is a private asset management firm with over $1 trillion under management which provides a wide range of services to a substantial and diversified client base, which includes corporations, financial institutions, high net worth individuals and select governments.

Looks like they are announcing they have found a sugar daddy. Who is this Supriem David Rockefeller, who has $1 trillion under management? Well to find out about Mr. Supriem David Rockefeller you must go to this link entitled "Supriem Rockefeller - Messiah or AntiChrist?" written by Wes Penre. Be forewarned it reads like a Science Fiction novel. Just to wet your appetite here are few of the less outrageous claims about him from the web site.

His full name is Supriem David Rockefeller, a 34 year old man who says he is Marduk Ra and Lucifer redeemed, the Messiah the world has been waiting for and the Bible has been telling us about.

According to himself, after thousands of years in exile, he has now returned in the body of Supriem Rockefeller, but has redeemed himself. Instead of bringing the world to its knees and fulfill the End Time Prophecies, he has decided to save the world he once had the purpose to destroy. Upon all this, he is also the Jewish Messiah. When he visits Israel, he is treated like a God.

The Thule wanted to test my DNA, so I allowed them because I knew they were important to my alliance. They found that I do carry the Triple Helix Blue Blood of the Elohim. In fact, I have more than one DNA sequence.

In fact, I have drafted The Allied Union constitution which is a policy making organization that unites 220 countries under one flag with an entirely digital universal currency called the 'Allied Unit' that works over the 'Supriem Network'.

We can't find out much about Supriem's holding company and his other businesses is because they are based out of Switzerland. His Trust can open an account under its own name at one of the big banks in U.S. so he can deal directly with the Federal Reserve. He also works closely with the Federal Reserve of New York, Bank of England, ECB (European Central Bank) and the Bank for International Settlements. So his offshore banks have their own accounts in with the Big Banks in U.S. and they are called "Auto-Charge" accounts.

Is he telling the truth? And is Lucifer really equivalent to Satan? If not, then who is he?"

Ok, now that you are back from that trip, on the first trading day, December 17th the stock jumps from 1 penny to 10 cents before settling at 5 cents at the close. Not a bad for the first day of trading, up 500% in one day. On Friday December 18th the stock goes down and closes at 3 cents.

On Monday morning December 21st Kinti Mining issues their second press release announcing a 2 for 1 forward stock split. Remember this stock has only been trading for 2 days prior to this press release. Here is a excerpt from the press release:

President Richard Byrd states the following, "I feel that at this juncture a 2 for 1 forward split of our common stock is warranted due to the incoming $500 Million valuation from our recent business transaction with Mr. Supriem David Rockefeller.

The increased valuation coming, with just 50 Million authorized shares, I felt our shareholders would run into liquidity issues, so I have instructed our Board of Directors to effect this change with a no later than date of January 31, 2010.

They are using "liquidity issues" as an excuse to have a 2 for 1 stock split. Huh? At the time barely 0.1% of the outstanding shares were trading on daily basis. Even with 80% of the shares being held by insiders that leaves 10 million shares floating around. And that's still 0.5% of the float out there. I see no liquidity issues at all. What I do see is them hyping the $500 Million number in an effort to pump the stock so they can dump it. $500 Million divided by 50 Million shares means each share would have a cash value of $10. A far cry from the 3 cents a share market value. Alas, the press release only succeeds in driving the stock price to 5 cents before it once again closes at 3 cents a share for the day. And remember Kinti Mining doesn't have a Board of Directors.

One week later on December 28th Kinti Mining issues another press release announcing that Khangolov Resources has assigned their equity position in Palisades Petroleum to Kinti Mining Ltd. And Mr. Supriem David Rockefeller has joined the company.

Richard Byrd, the CEO of Kinti Mining Ltd., Is extremely pleased to announce that Khangolov Resources has agreed to assign their large equity position in Palisades Petroleum to Kinti Mining Ltd. This will make Kinti Mining Ltd. the largest shareholder in Palisades.

Frank Love, the CEO of Khangolov Resources, states, "I have assigned Khangolov's equity position to Kinti Mining Ltd. so as to consolidate my mining assets. In addition, I wanted to confirm to the Kinti shareholders that I will make Kinti Mining into a conglomerate housing many different successful projects under one umbrella."

Richard Byrd further states that he will finalize the record date for the 2 for 1 forward split previously announced within the next few weeks.

The management team also wishes to welcome Mr. Supriem David Rockefeller to the company.

So the largest share holder in Kinti Mining Frank Love, CEO of Khangolov Resources gives Kinti Mining all his stock in Palisades Petroleum. Who runs Palisades Petroleum? Let's find out. From a press release on September 22nd, 2009 by Palisades Petroleum it is announced that none other than Richard Byrd has been appointed as the Chief Executive Officer of Palisades Petroleum. Wow! Talk about an incestuous relationship. Richard Byrd is now the CEO Kinti Mining which now owns a large equity position in Palisades Petroleum, a company were he is also the CEO. But wait it gets even better. Palisades Petroleum in another press release on the very next day announces that they are entering into a joint venture with Kinti Mining. Excerpt from press release:

Richard Byrd, CEO of Palisades Petroleum, is pleased to announce that a Joint-Venture has been entered into with Kinti Mining Limited on an adjacent gold property in Guyana.

Palisades Petroleum's property in Guyana borders Kinti Mining's property. The Agreement provides for Palisades to mine the property in exchange for half of the net production of gold and diamonds. In addition, Kinti will become a minority shareholder in Palisades.

So we have 2 companies Kinti Mining and Palisades Petroleum with the same person as CEO of each company in a joint venture and one company is a minority shareholder in the other. Then we have Frank Love the largest shareholder in Kinti Mining assigning his equity position in Palisades Petroleum to Kinti Mining. Is your head spinning? Mine sure is. The joint venture involves adjacent properties in Guyana. A look at the Palisades Petroleum web site and you find no mention of any property in Guyana. In fact according to their web site Palisades Petroleum is strictly a gas and oil company with no mention of any gold exploration. The only mention of a gold property in Guyana I could find was in their press releases on September 22nd and 23rd. Khangolov Resources also claims to have a mining property in Guyana located on the Mazaruni River Basin. Both Kinti Mining and Palisades Petroleum purportedly have mining property located on the Mazaruni River Basin. Are they all claiming ownership of the same property? What are the odds that all three companies have mining properties in the same Mazaruni River Basin area? From the Kinti Mining web site we find a Google map picture of their purported mine location.

This is definitely looking like a stock scam but let's continue anyway.

On January 6th, 2010 Kinti Mining releases yet another press release stating Supriem David Rockefeller will build the entertainment division and Robert Byrd will focus on acquiring royalty producing oil and gas interests. Presumably through Palisades Petroleum which according to their web site had $21 in the bank as of June 30th, 2009. These royalties will be used to fund the mining operations in Guyana. Are you laughing yet? I am. Robert Byrd also states the time is drawing near for the 2 for 1 stock split. On this date the stock is trading at 0.6 cents a share. Stock split? Are you kidding me?

While Supriem David Rockefeller builds our entertainment division, which promises to be extremely exciting and lucrative for both company and its benefactors, I will focus on bringing in immediate value to the company. This will be accomplished through a series of acquisitions of royalty-producing oil and gas interests.

Six days later they issue another press release. And this one takes the cake.

President, Richard Byrd, states the following, "Exciting offers are flowing in concerning the purchase of our Gold Property on the Mazaruni River Basin in Guyana, South America. We have offers ranging from joint ventures to build a headquarters and barracks to commence development of the property, to outright purchase requests ranging from $100 Million for partial plots to upwards of $1 Billion in Cash, Stock and combinations thereof for the entire property. These offers are coming in from wealthy German businessmen, certain oil and mining cartels in Brazil and Venezuela, and several well known mining companies with interest in expanding their local operations. We will continue to study any and all offers"

Kinti Mining President, Richard Byrd also states, "I have been approached to re-examine our pending 2 for 1 forward split. We have been contacted by a Securities Law firm well suited to take Kinti Mining to higher trading boards. This law firm deals with taking companies to the NASDAQ trading board. Coupled with renewed interest in our Gold and Diamond property and the commencement of our Entertainment Division, I will take the time to discuss at length with our Securities Team the pros and cons of up-listing and responsibilities required by NASDAQ listing standards."

Now offers for a joint venture to build headquarters and barracks in the middle of nowhere. "Commerce development" of a property in the jungle. Come on, Man. Offers of $100 Million for partial plots and $1 Billion for the whole property. The property has never been assayed. How can anyone believe these claims? You'd have to be an idiot blinded by greed to believe any of this. Six days after announcing a stock split is practically imminent, they are going to re-examine it. You don't announce a stock split is coming soon and less than a week later have second thoughts about it. They also claim to have been contacted by a securities law firm that deals with taking companies to the NASDAQ. First off, law firms don't contact companies unsolicited about taking a company to the NASDAQ. If you contacted a securities law firm about taking your company and listing it on the NASDAQ with a stock price of less then 1 cent they would hang up on you. The minimum requirement to be listed on the NASDAQ is your stock price needs to be above $1. Kinti Mining's stock price would need to increase almost 17,000% to even be considered for listing on the NASDAQ. These grandiose claims are what stock scams are all about. At the time the stock price was bouncing between 0.6 cents and 1.2 cents a share.

On January 21st, 2010 another press release from Kinti Mining. Are you beginning to notice a pattern? They are issuing press releases about every week. This is all about hyping the stock. But this press release contains some bad news.

President, Richard Byrd, makes the following statement, "This communique shall serve, interalia, to confirm that Kinti Holdings and prior thereto as Kinti Mining Limited has 100% disassociated itself with the misrepresentations concerning the recent entertainment venture. Due to recent unforeseen circumstances surrounding the entertainment venture, it has come to our attention that third party associates failed to provide the necessary due diligence that we required regarding the USB Stick operation, of which Kinti has no ownership. This also negates the need for the bank guarantee."

Kinti Mining Limited President, Richard Byrd further states, "On a better note, we are pleased to announce exciting developments concerning our Guyana Gold and Diamond property. We have been approached by a Columbian mining company which supplies rare metals to a Satellite Company. This mining company wants to fully develop our property as a hedge against the purchase of base metals in the open market that is required to satisfy their customer's demand when the mining company's production quotas are not met.

Kinti Mining Limited President, Richard Byrd also states, "The two for one forward split is being pushed back until liquidity escalates."

Oops, there goes the entertainment division. But now there is a Columbian company that wants to develop their property for rare metals. When did rare metals come into the picture? First it was gold and diamonds, now it's rare metals. Are they making these press releases up over beers at the kitchen table? And now they are postponing the 2 for 1 split until liquidity escalates. The original explanation for the split was concern about enough liquidity. What he was addressing was 20,000 shares was the average daily volume at the time. What I can conclude at this point is these people are idiots.

Right on time January 26th, 2010 another press release. I will discuss the following excerpts from this press release.

President, Richard Byrd, makes the following statement, "I wanted to take the time to discuss the lack of liquidity of our common stock. Currently Kinti Mining Lmtd. which trades on the grey sheets under ticker (KMLD), has only 50 million shares authorized, issued and outstanding. Of that, approximately 60% (30 Million shares) is held by our majority shareholder, Khangolov Resources Inc. Another estimated 20% (approximately 10 Million Shares) is held tight by corporate friendly shareholders. Due to the fact that we are not on the pink sheets, we do not have a dedicated market maker servicing the market in (KMLD) common stock. Thus our basic stock chart is extremely volatile. I plan to change that by filing a 15c2-11 very shortly and bringing Kinti Mining Lmtd to the "Current Information" status with Pink sheets."

On the grey sheets, oh my God. This proves their previous press release regarding being contacted by a securities law firm was balderdash. No securities law firm would ever talk to a company trading of the grey sheets about listing them on the NASDAQ. The grey sheets are full of companies that are nothing but scams.

Kinti Mining Limited President, Richard Byrd, also states, "As you know, we have been through a few ups and downs recently but I assure you we are still dead square on target with our plan to bring great value to Kinti Mining Lmtd. and its loyal shareholders. Our proof is in the shares outstanding. You can look at the basic chart for Kinti and what you will not find is dilution or dumping of corporate stock. What you will find is a great company building a fantastic future for itself and its shareholders. Had I moved forward with the 2 for 1 forward split, we would have ended up with the exact same share structure and exact same liquidity issues. Basically, our majority shareholder and Board of Directors knows that Kinti Mining has massive potential in the very near future and they are just not willing to lose their combined grip on the common stock at this time. Also, as President of Kinti Mining Lmtd, I have not sold a single share of my personal stock since I believe in the company's bright prospects."

No dilution or dumping of corporate stock? There's no market for the stock. If this is not a stock scam then the people running this company at best don't know what they are doing. Great company? I beg to differ. Board of Directors? According to their web site Kinti Mining has no Board of Directors.

Kinti Mining has been in talks with a Colombian Mining Company. They were impressed with our gold and diamond project located in Guyana as explained in the previous Press Release. We are negotiating the terms in which to get the property into full production. Details will be provided once we have finalized an agreement. Richard Byrd comments, "This is extremely exciting since it will allow us to bring immediate cash-flow into Kinti and have the financial backing of a well-established mining company".

What gold and diamond project? They own a mining claim that's it. They don't have any money to start or develop a project. If they are going to allow this Columbia mining company to get this property in full production then what are they going to have to give up? Furthermore, how are they negotiating? Face to face or via email. It's only been five days since this company first approached them and they are already negotiating terms. No time to get to know one another. What about their joint venture with Palisades Petroleum to develop their adjacent properties?

Now the press releases are coming fast and furious. On February 1st, 2010 they issue another press release. If the last one was surreal then this one is outrageous. Read this excerpt.

Kinti Holdings Group (OTC.BB:KMLD - News)a division of Kinti Mining Lmtd. President, Frank Love, states the following, "Kinti Holdings Group, President and Directors, Frank Love and Supriem David Rockefeller recognized a need for commercial funding of debt acquired by major brand name corporations during this current depression. With many banks and lending institutions unwilling to loan money to these corporations, a backlash effect has caused many brand named national chains to simply go out of business."

Frank Love further states, "Almost every National brand name corporation has been affected by the recent financial crisis facing the Nation's economy. Corporations like Bennigan's, Steak & Ale, Foot Locker, Ann Taylor, Linens'n Things, Sharper image, and Bombay have all been effected by the recent down turn in the Nation's current economy crisis. Some of these corporations could have greatly benefited from our current plan."

Frank Love also states, "Kinti Holdings Group is prepared for the immediate swap of debt for equity to any major National name brand corporation needing urgent funding of its debt, in exchange for the subsequent and substantial proportion of ownership, equal to the value of debt within that corporation". A sense of urgency is required as this will be on a first come first serve basis. Your corporation must verify it has the ability to be an on-going concern within its market.

A company with very little money and Supriem David Rockefeller, a reputed billionaire are offering money to companies to pay off their debt for an equity stake in the company. They stipulate that the company must prove it is a viable concern within its market. A company that trades on the grey sheets and hasn't published any financial information about their company at all makes this stipulation. They must all be taking LSD or something. If Supriem David Rockefeller were indeed providing the money for this then why wouldn't he make this offer with his company, S.D. Rockefeller Holdings Ltd. Why use a mining company with little or no assets as a front for this offer? It doesn't make any sense. These press releases appear to be the work of a self-promoting egomaniac.

Their final press release at the time of this writing was released on February 3rd, 2010.

Kinti Holdings Group (KMLD) (OTC.BB:KMLD - News), a division of Kinti Mining Lmtd., President, Frank Love, states the following, "Kinti Holdings Group is now conducting due diligence of a Major National Brand name chain company and is ready for the immediate transfer of debt for equity should this prove fruitful. At this time I feel it's imperative to enter into a mandatory quiet phase as we attempt to possibly consolidate these two corporations which will chart our course for a very possible prosperous financial future."

Frank Love also states, "Kinti Holdings Group is prepared for the immediate swap of debt for equity once our securities team verifies this Major National Brand name chain company has the ability to be a going concern within its vast market and its various stakeholders accept our terms. This will include, but not limited to, verifying their corporate financial statements utilizing a forensic accountant. What this means for our current shareholders, should we precede with this deal, is an immediate and substantial increase in Kinti Mining Lmtd. & Kinti Holdings asset value. In addition, this will force us to a much higher trading platform and we will have to become a reporting issuer. At this time, I am now seeking a NASDAQ-qualified CEO, CFO and COO with experience of being a director in a publicly traded company. I will retain a corporate head-hunter to affect this change while I move our current leadership to the Board of Directors. Our Securities advisors have recommended that we allow the current structure of the Major National Brand name Corporation to remain intact and that we should seek a name and ticker symbol change that more reflects the melding of our two companies should we proceed forward. Upon exiting this quiet phase, we will do so via a press release on a Friday after the closing bell that will encompass the entire melding of the two corporations so, when we emerge, we start off the new week as the new venture thus not disrupting the current market. Basically, this means that if you want to be a part of our growth, you need to decide before closing bell on a Friday in the next few weeks. At the same time that I announce our emergence from this quiet period, I will instruct our transfer agent to identify all current shareholders to establish a record date.

Kinti Holdings Director, Supriem David Rockefeller, states the following, "Kinti Holdings will be raising funds to go towards building the Third Temple in Jerusalem with strict coordinance with The Temple Institute, Rabbi Chiam Richman and the Palestinian National Interest Committee (PNIC). In addition, we will be supporting Husam Bajis for President of Palestine. Prince Husam Bajis and the PNIC support our mission to build the Temple and to create a One Israel-Palestine state."

Lastly Frank Love states, "Kinti Holdings financial support of the Temple Institute has been under the name of Frank Love. Future financial support will be listed on the "Donors Wall" on the Temple Institute web site under the name Kinti Holdings as this better reflects our commitment to the rebuilding of the 3rd Temple.

Wow that was fast. 2 days after issuing a call to all major brand corporations to swap equity for debt via a press release. They announce they have a taker. These corporations have lawyers. And with lawyers you can't get anything done in less than 2 weeks let alone 2 days. These corporate lawyers would want to know everything about Kinti Mining before making any proposal to swap company equity for money to pay off debt. Additionally the press release states that the Major Brand Name Chain company and Kinti Mining will be merged into one company. I can assure you no major brand company would ever even entertain the idea of merging with another public company with little or no assets, trading on the grey sheets and having never made public any financial information about the company. And Kinti Mining is going to use a forensic accountant to investigate this company. Hope that accountant doesn't go any where near Kinti Mining or his head might explode. This press release was designed for one thing and one thing only. And that is to bamboozle greedy idiots into buying the stock before it supposedly takes off to the moon. But it had no effect. A company trading on the grey sheets has no market maker and therefore it is extremely difficult to buy the stock. This press release was released at 12:01AM on February 3rd. At 11:55PM on Febuary 3rd Worldnet Daily released its news story "Will Rockefeller build 3rd Temple?". And things start to crumble.

Based on their press releases, they are concurrently negotiating with a Columbian mining company regarding their Guyana mining property, negotiating with a Major Brand Name Chain company to swap equity for debt, acquiring royalty-producing oil and gas interests and raising money to build the Third Temple in Jerusalem. How do they find not only the time but also the resources to do all this at the same time? They are saying all this without realizing how absurd it really sounds in the hopes of pumping up the stock price.

On February 9th, 2010 Kinti Mining, on its own web site and not through a press release puts out the following announcement. And it's a whopper.

02-09-2010

Kinti Mining (KMLD) announces removal of Supriem David Rockefeller from Kinti Mining Limited and Kinti Holdings Group

LEXINGTON, MISSISSIPPI, Feb 09, 2010 -- Kinti Mining Limited's(KMLD) (OTCBB: KMLD) President, Richard Byrd, makes the following statement, "This communiqué shall serve, inter alia, to confirm that Kinti Holdings and prior thereto as Kinti Mining Limited and Kinti Holdings has 100% disassociated itself with Mr. Supriem David Rockefeller and all of his misrepresentations. Due to recent unforeseen circumstances surrounding Mr. Supriem David Rockefeller, it has come to our attention that the before named individual has made threats of physical violence to myself and Kinti Mining Consultants and, therefore, is removed from the corporation as of February 09, 2010 at 17:00 hrs. Eastern Standard Time. In addition, Mr. Rockefeller has failed to provide the necessary due diligence that we required regarding the USB Stick; the $500 million bank guarantee; and his alleged ties to the entertainment industry."

Kinti Mining Limited President, Richard Byrd states, "I want to personally apologize to any individuals threatened or hurt by Mr. Supriem David Rockefeller. This apology extends to our Brokers, Consultants, Bankers and all of our Shareholders."

Kinti Mining Limited President, Richard Byrd also states, "I want to take this time to remind all shareholders of our recent exciting developments that still includes an entertainment division, an oil & gas royalty division and a gold mining division in Guyana, South America."

So Kinti Mining has said good-bye to Mr. Supriem David Rockefeller using rather strong language. Accused him of misrepresenting himself and making threats of violence to the "good" folks at Kinti Mining. But Mr. Byrd says they still have and entertainment division. Really? In a press release dated January 21st they disassociated themselves with the entertainment venture. As far as I could tell, Mr. Supriem David Rockefeller was their entertainment division.

Let's put together the situation as it now stands. There are 3 interconnected companies involved here. Khangolov Resources, Palisades Petroleum and Kinti Mining Ltd.

Khangolov Resources only assets it "claims" to have are Russian Sludge Oil ponds and a Guyana Mining operation. No financial information is available for the company. It appears to be a privately held company and I would assume at this point consists of one person Frank Love. On this web site, which is a free service of Google, he doesn't even bother to mention that Khangolov Resources owns 60% of Kinti Mining. Or the company has or had a large equity position in Palisades Petroleum.

Palisades Petroleum claims to have a natural gas property in Montana and a Guyana Mining operation. They are a publicly traded company on the pink sheets, symbol: PAPT.PK. The Guyana mining property was purchased in early September 2009 and they claim it will be a producing mine in early 2010. But I know it takes years to develop a mining property before it begins to produce. As of June 30th, 2009 they had $21 in the bank. Where are they getting the money to purchase the equipment to develop the mine? Richard Byrd is the only name under their Management/Directors link. The majority shareholder is now Kinti mining based on previous information.

Kinti Mining claims to have a Guyana mining property as well. Khangolov Resources or Frank Love owns 60% of the outstanding stock. So in reality Frank Love calls the shots at Kinti Mining. Kinti Mining is the majority shareholder in Palisades Petroleum. So Frank Love controls Kinti Mining and Kinti Mining controls Palisades Petroleum.

We are left with 2 characters Frank Love and Robert Byrd since our mystery man Mr. Supriem David Rockefeller has left the building so to speak.

Frank Love is CEO of Khangolov Resources, President of Kinti Mining Ltd and the largest shareholder of Kinti Mining with 60% of the stock. He had a large equity position in Palisades Petroleum until he assigned it to Kinti Mining, which he essentially controls.

Robert Byrd is CEO of Kinti Mining and CEO of Palisades Petroleum. As CEO of Palisades Petroleum he reports to himself since he is CEO of Kinti Mining. How weird is that? He supposedly lives in Mississippi and runs a company with assets in Montana and Guyana and a company with assets in Guyana.

At this point it is safe to conclude that Frank Love and Robert Byrd are the only people that have any association with these 3 interconnected companies. Without a doubt Kinti Mining and Palisades Petroleum are stock scams.

But wait there is more to this story. On YouTube Mr. Supriem David Rockefeller responses to the February 9th news release by Kinti Mining on their web.

I certainly agree with Mr. Supriem David Rockefeller that Kinti Mining needs to be investigated for fraud. But whether he has the influence to call up the FBI and get an investigation started immediately remains to be seen.

Wes Penre, who wrote the "Supriem Rockefeller - Messiah or AntiChrist?" e-book sent Frank Love the video link of Mr. Supriem David Rockefeller's response. Wes publishes Frank Love's response on his web site here. Look for the entry dated Thursday, February 11, 2010 on the web page. Below is Frank Love's response as posted on the web page.

Greetings,

thank you for the video link. Steve Wilner does excellent work producing these.

Regarding SPRM and 666 [meaning Prescott, Wes' comment], I can understand the threats they are sending, I too have saved every email, ect… ect… from SPRM, Michael Prescott and Steve Wilner. But unlike them, their secrets are safe with me. I have no beef with them. I can tell you several things that are absolute truths.

#1. SPRM is the real deal. This I know first hand. I will leave it at that. He has my full support to complete his mission with no interference from myself.

#2. Michael Prescott …aka… is working hard to become the prophetical 666 and just might achieve this goal, I have seen a few things that suggest he will succeed.

#3. Steven Wilner, producer of the videos for SPRM and 666, is very professional and has a bright future, I wish him well.

#4. Kinti mining is a real company with real Gold assets in Guyana awaiting initial funding to commence Gold recovery operations plus there is alluveal Diamonds as well, as our property intersects a Huge Kimberlite pipe.

#5. There are no frauds being committed by myself, or Kinti Mining, we are simply a little mining company with a huge asset looking for funding to commence operations. To prove this fact just look at KMLD stock chart, there has only been approximately 5 million shares sold since its inception and all of that is between .0001 of a penny to .012, we are talking just $5K to $60K and 90% of that was from the old Kinti team that I took the company over from. Although the chart shows Kinti did hit .10 one day, that was all day trader action as at that current time our stock was held as A11 on the Frankfurt Exchange and not KMLD on the pinksheets so no KMLD stock was sold that day. This is verifyable from our broker.

#6. Richard Byrd is the President of Kinti Mining Lmtd. and the Kinti office is his home office. Reason being is our properties are in Guyana, South America and Borkeshstan, Russia. It would not make since to have 2 offices in 2 different countries when the Company President resides in America.

regarding Kinti Mining press releases, If, but very doubtful, Kinti mining feels necessary to respond to these allagations, then it well in Press Release only.

Thanks for the link to the video,

Sincerely,

Frank Love