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Capella Resources (KPS.v) and a Trip Down the Investor Relations Rabbit Hole

Our scamsters over at Capella Resources (KPS.v) came out with news last night. They’ve hired a firm of investor relations to help promote their rip-off by the name of Senergy Communications. Based in Vancouver (just across from the Hotel Vancouver in fact), Senergy provides (ahem..clear my throat):

“strategic investor relations, public relations, and (sic comma) marketing solutions that are customized to the needs of your organization”.

Senergy also boast of having a 30,000 name database of North American investors.

In other words, they’re a bucketshop pumphouse that are about to phone 30,000 houses in the next couple of weeks to see if they can dig out a patsy or two. However, by their fruits shall ye know them (Matthew 7:16 dude on a hill talking to a crowd 2,000 years ago) so let’s see how Senergy clients have been getting on recently.

Let’s kick off with Troymet Exploration (TYE.v) who hired Senergy in August last year to tell the world just how wonderful they really are. Let’s check the chart, and………
….hmmmm. I’ve seen better, has to be said.

Never mind, how about Senergy’s previous client, Petro Vista Energy (PTV.v). When Senergy got the job of relaying to the world the stuff that PTV.v was made of the stock stood at $0.75.

Now it’s at 20 cents. Time for a quick joke! Q: How do you make a small fortune in penny stocks? A: Start with a large fortune and believe what they tell you.

Then there’s “True North Energy” (T8E.f), another client of Senergy’s…
…….but you should be getting the picture by now.

However my fave story is that of Fox Petroleum (FXPT.ob) that hired Senergy to promote the company back in June 2007 (not July like wot I writted on the chart). Before getting fired by FXPT in September 2008, Senergy had overseen the stock price as it moved from $5.15 to $1.85.

Fox is now a $0.35 company. Death spiralz iz wot death spiralz duz and Fox were not happy bunnies with the service provided by Senergy. The telling phrase come in FXPT’s filing on the matter that states;

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

On September 1, 2008, we terminated an investor relations agreement with Senergy Communications Inc. whereby Senergy Communications Inc. provided investor relations services to us for US$10,000 per month

We terminated the agreement with Senergy Communications Inc. to improve the investor relations facility for new and old investors.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

You just can’t the staff these days, can you? And those four were the only companies still in existence that have been mad enough to hire Senergy for IR work, according to my Google skills anyway (feel free to correct me if you know of any other suckers). So this is the cruddy IR firm just hired by the even cruddier Capella Resources to pump its BS to a bunch of greenhorns in the days to come. Just don’t say I didn’t try to warn you.

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