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Board info for Papa Bello Fraud - Jim Price (PAPA)
Board name: Papa Bello Fraud - Jim Price (PAPA)
Board owned by: mblumen456 Date Created: Thu, 18 Nov 10 12:40 PM Total Posts: 0 Average Posts per day: 0 Board category: None/Other Board info, rules and other information: I hope someone from the SEC reads this. Today’s date is 11-17-10. Nearly 2 years ago I was contacted by a man named William Powell with Aero Financial, who worked directly for James Price. The purpose of his call was to convince me to buy stock in Papa Bello Pizza (PAPA). This stock at the time was selling for about $.50/share. Mr. Powell was exuberant about this company since Aero Financial had just bought the company and he claimed it had a master lease agreement in place with Walmart whereby Papa Bello Pizza franchises would rapidly begin opening in Walmart stores across the country and claimed this stock was on the verge of going through the roof. As a result I bought some shares. The stock increased a little but not hardly through the roof. Then Mr. Powell suggested a stock called Go Healthy (GOHE). Supposedly this company made a cholesterol reducing supplement invented by the guy who invented Gatorade. I agreed to also purchase some of this company’s stock. Then Mr. Powell suggested a company called PEI Worldwide (PEIW) However when my gains turned into losses I became suspect and declined to buy this stock even though Mr. Powell claimed how sorry he was about my losses to Papa Bello Pizza and Go Healthy and buying PEIW was a sure thing, and a way to make up for my losses.........Then an interesting thing happened. In January of 2010 Mr. Price called me directly. The purposed of his call was to convince me to buy $50000 worth of Papa Bello Pizza at a substantial discount. The stock at the time was selling for about $.50/share and if I bought $50000 or 200000 shares of this stock, I could own it for $.25/share. The only condition was I had to keep the stock for 6 months. He then sent me a purchase agreement in PDF format, which I sent to several of my friends who may have considered such an investment. We declined Mr. Price’s offer, which was a good thing since 6 months later, the stock tanked and is now selling for $.11/share....... Whether or not this was a fraudulent scam by Mr. Price is not up to me to decide since I’m not an attorney. I do however feel the possibility of an attempted fraudulent act by both Mr. Powell and Mr. Price is greatly evident and well worth investigating. Please respond if you've had similar dealings with Mr. Price, Mr. Powell and/or Aero Financial.
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