Tuesday, January 10, 2006

Reynaldos Mexican Food—RYNL massive illegal SPAM and FAX promotions

The SPAM started on 12/21/05 and I since got 13 RYNL SPAMS and over 1000 people have found my sites as they were researching RYNL—hopefully BEFORE they became sucker buyers.

Reynaldos is a real company selling real products, but in way over their head after expanding too fast.  According to my sources, owner Joseph Garcia got suckered into going public and the reverse acquisition by Twister Networks—TWTN.  TWTN was set up only for a pump and dump and I got a $3K judgment for their junk faxes against TWTN and CEO Bruce Thomsen in California.  My chances of collecting from Reynaldos are probably better, I just haven’t had time yet.

So, apparently Reynaldos made enough off the sale of stock to reinstate their Cal. corporation (probably suspended because they hadn’t paid taxes) and Joseph Garcia made his son Joseph Garcia III an officer and this guy is a true asshole.

Last year Joseph Garcia III kept making anonymous harassment and threatening calls to me because my publications didn’t help the value of their shares. 

Of course he can’t successfully sue me because everything I say is true. 

Doesn’t that suck, Joe?  As always, if you want to sue me, I’ll accept the waiver of service for the defamation suit in the court of your choice by fax to 571-222-1000.

He finally quit calling when I posted a recording, a reader ID’d him and I also filed a complaint with the sheriff.

THAT is the Reynaldos management style.

Research and discussion: from TWTN to RYNL

Reynaldos keeps issuing press releases stating that the promotions are “unauthorized”, but they don’t say who’s selling.  Hmmmm ....  From Pinksheets:

Reynaldo’s Mexican Food Company Issues Statement Regarding Continued Unauthorized Communications

DOWNEY, Calif., Jan 06, 2006 (BUSINESS WIRE)—Reynaldo’s Mexican Food Company Inc. (Pink Sheets:RYNL) issued the following statement today regarding unauthorized communications concerning the company.

It has come to the company’s attention that various communications concerning Reynaldo’s Mexican Food Company Inc. are continuing to be disseminated by means of fax and e-mail. It should be reiterated that neither the company, nor the company’s investor relations/media advisory firm, Corporate Strategies Inc., have authorized any such communications and disavow any statement or information contained in such communications.

They mention faxes, but I haven’t received one yet.  Did Joseph Garcia III ensure that they took my number off the list?  If you got a RYNL fax, please send it to me at 571-222-1000.

I just checked the Reynaldos website http://www.rmfood.com/html/board.html and SURPRISE, there’s Jim Baiseri touting as Vice Chair. You may not know who he is (read the postings at Fight Back), but this confirms that my sources are good.  I listened to the audio and it’s the TYPICAL pump and dump production, at times I think I’m listening to the TWTN pumps with Tom Heysek.  I haven’t heard so much bullshit since then.

Don’t be fooled by their “commercial break”, this is NOT a real radio show, but produced as a pump by Corporate Strategies for their website, *I* could produce this interview.  Corporate Strategies has been the promoter for RYNL since they went public last year.

They promise audited financials by the end of the month, WHICH month is that? 

Who is the “Mike” doing the analysis report?

A google for 702-650-3000 gets me to HSM hotstockmarket.com and a bunch of sites with Mike King and his phone number.

Here is the Mike King 5/05 Reynaldos advertisement.  Please note that Reynaldos pays $2,500 PER MONTH to Mike King with Princeton Research for this load of crap - what “newly formed corporation” is he talking about?  They reinstated their OLD SUSPENDED corporation in California and did a name change for the NV Twister Networks TWTN corporation to Reynaldos and changed the director info.
http://rmfood.com/assets/images/Reynaldos_Press.pdf

It’s very unfortunate that the Reynaldos execs think they can hide behind a disclaimer while at the SAME time engaging in the massive touting of RYNL at their site and who knows where else.  I ought to send my complaint to the SEC. 

So obviously, don’t buy RYNL unless you personally know the pumpers and you are certain that you’ll be able to get out BEFORE they quit pumping.

I think this is a joint effort by the Reynaldos officers and the major shareholders, probably including the TWTN pumpers and the people who got shares as part of the TWTN to RYNL deal. 

You have to remember that Reynaldos had cashflow problems BEFORE they went public and everything had to be financed.  The major TWTN shareholders needed a new company to pump when even the dumbest investors finally figured out that TWTN was a fraud.  Since Reynaldos actually has a product, it was the perfect target. After the 1 for 40 split they were ready to go.

Jim Baiseri works the promo circuit and produces “interviews”, Reynaldos pays a ton of money or shares for legal promos, the shareholders arrange for the spamming and faxing, Reynaldos denounces the illegal marketing and does nothing to stop it and to expose those criminals.  As the chart shows, the LEGAL pumping just didn’t cut it.  Nice arrangement, they all win.

The saga continues ...

And, almost forgot to mention, I never owned a share of anything and I don’t have a trading account.  I research corporate fraud, it’s more fascinating than any TV crime/mystery show, but I get to participate, trying to bust the bad guys and document government/regulator corruption.