The Cortellazzi Consortium

September 16, 2007

Those Who Cannot Learn From History Are Doomed To Repeat It.

Filed under: Uncategorized — 18montecristo67 @ 4:03 am
Tags: , , ,

A quick trip into the past of Cortellazzi corporate vehicules reveals a pattern of active misleading and willful omission in corporate communications.

A visit to Pink Sheets will yield the corporate history of the Cortellazzi Consortium enterprises: M45 Mining, UMining, Coastal Holdings, He-5 Resources currently under examination (see graphics below, click to enlarge).

pk_mres.jpgpk_umng.jpgpk_cohg.jpgpk_hrrn.jpg

M45 Mining – UMining – Coastal Holdings -He-5 Resources

Currently, of the four ventures only M45 Mining has ever fully reported and it has M45 mining CEO Andrea Cortellazzi, UMining CEO Jean Michel de Montigny and Serge Ollu the husband of the HRRN CEO who have all appeared as shareholders in a recent agreement filed with the SEC (click graphic to enlarge) .

ties-that-bind.jpg

In 2006, a message board poster had this to say about Coastal Holdings (then identified under the trading symbol CSJJ):

Take a look at this:

Stock Symbol- CSJJ.PK
Outstanding Shares- 3,741,275,064
Current Capital Change: shs decreased by 1 for 1200 split
Ex-Date:
Record Date:
Pay Date: 2003-11-20

Company Notes:
***Formerly=WesPac Technologies Corp. until 9-02
***Formerly=Strata Coal Co. until 11-02
***Formerly=Delmar Management, Inc. until 1-03
***Formerly=2energia, Inc. until 7-03

No Financial Reports Availible and also no SEC Filings in the last 4 years. Do you think they have something to hide? With an Outstanding Share balance of around 560,000,000,000 after the forward split, this won’t be looking too good for the shareholders at all. This company really looks like a money stealer to say the least. If anyone gets into this one they better take any profits early and run like hell.

Coastal Holdings has never reported and neither has any of it’s corporate predecessors.

In 2003, one of the corporate precursors to Coastal Holdings was Strata Coal which traded on Pink Sheets under the symbol SCOC and was previously known as WesPac Technologies in 2002.

Strata Coal (SCOC) came under scrutiny by the SEC in December 2002 for false and misleading press releases :

7. Finally, on March 25, 2002, Strata announced in a press release a “letter of intent” to acquire a bio-waste processing plant in Pennsylvania with expected annual revenue of $5 million. The press release also announced the company’s plan to develop a field adjacent to the plant that purportedly contained $20 million in natural gas reserves. Strata omitted to state that the acquisition of the plant and the development of the natural gas field were contingent upon financing and that the company had been unsuccessful in its attempts to obtain any financing. The annual revenue projection, therefore, was unrealistic and misleading.”

Recently, UMining announced they signed a “letter of intent” of 25 million to acquire a bio-diesel facility:

“U Mining Resources Inc. Signs Letter of Intent to Acquire an Initial 40% Interest in a US Bio-Diesel Facility Valued at $25 Million

Thursday August 23, 8:30 am ET

Company to Acquire Additional 15% of Facility Upon Finalization of Binding Agreement

NEW YORK, NY–(MARKET WIRE)–Aug 23, 2007 — U Mining Resources Inc. (Other OTC:UMNG.PK – News) today announced that it has signed a letter of intent to acquire an initial 40% interest in a US Bio-Diesel facility valued at approximately $25 million. This imminent acquisition will provide U Mining with a strong foothold in the burgeoning Bio-diesel industry and form the foundation of its Green Energy Division.”

A follow up press release even suggests the financing is all but secured:

“U Mining Resources Inc. Announces Next Tuesday’s Management Trip to Texas to Finalize Binding Agreement for Acquisition of 55% Interest in Bio-Diesel Facility Valued at $25 Million
Wednesday September 5, 9:04 am ET

Announces Completion and Imminent Release of NI 43-101 Report on Laurentide Properties

NEW YORK, NY–(MARKET WIRE)–Sep 5, 2007 — U Mining Resources Inc. (Other OTC:UMNG.PK – News) today announced that its Management team will be traveling to Texas next Tuesday in order to finalize the binding agreement for the acquisition of a 55% interest in the Bio-Diesel Facility. Management has scheduled meetings with the vendor of the Facility as well as with local banks to secure the financing and ensure the timely closure of this major acquisition.”

The money taken is new, the pattern of crime is recycled.

Those who cannot learn from history are doomed to repeat it.”

George Sentayana, Reason in Common Sense

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