SUNPEAKS VENTURES INC SNPK S W
April 04, 2012 - 4:35pm EST by
unkown345
2012 2013
Price: 1.00 EPS n/a n/a
Shares Out. (in M): 385 P/E n/a n/a
Market Cap (in $M): 385 P/FCF n/a n/a
Net Debt (in $M): 0 EBIT 0 0
TEV ($): 385 TEV/EBIT n/a n/a
Borrow Cost: NA

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  • Stock promotion
  • Promotional management

Description

DISCLAIMER:

The author of this posting and related persons or entities ("Author") may currently hold a short position in this security. Short Sales are extremely risky and expose the investor to a loss in excess of their investment.  Please consult your financial, legal and or tax advisers before making any investments.  The Author makes no representation that it will continue to hold positions in the securities of SNPK.  In fact the Author is likely to buy or sell long or short securities of this issuer and makes no representation or undertaking that Author will inform Value Investors Club, the reader or anyone else prior to or after making such transactions.  Additionally, because the Author has these current positions the reader may assume that the Author is biased in favor of his investment view and may also be mistaken.  While the Author has tried to present facts it believes are accurate, the Author makes no representation as to the accuracy or completeness of any information contained in this note.  The reader agrees not to invest based on this note and to perform his or her own due diligence and research before taking a position in securities of this issuer.  READER AGREES TO HOLD AUTHOR HARMLESS AND HEREBY WAIVES ANY CAUSES OF ACTION AGAINST AUTHOR RELATED TO THE ABOVE NOTE.

 

THESIS

Sunpeaks’ Ventures (Ticker: SNPK)  is a heavily promoted stock with a $400 million market capitalization, minimal assets and little revenue.  After their acquisition of Healthcare Distribution Specialists LLC (in order to market the vitamin Clotamin – seemingly a take off on CLOT + Vitamin), the stock has risen for non-fundamental reasons. 

Sunpeaks primary asset (HDS) markets its multivitamin which purports to be special because it addresses a need of people on blood thinning agents who, apparently, should not take vitamin K.  According to the pharmacy site of The Ohio State University, plenty of cheaper alternatives exist.

The stock and company is now controlled (voting rights) by Mackie Barch, a former Friedman Billings broker.

http://pharmacy.osu.edu/ClinicalPartners/pdfs/Multivitamins.pdf

http://www.amazon.com/CLOTAMIN-MULTI-VITAMIN-NO-60CP/dp/B0030897FI

http://www.amazon.com/s/ref=nb_sb_noss_1?url=search-alias%3Dhpc&field-keywords=flintstones+complete

It seems hard to believe that Clotamin will succeed in this highly commoditized and competitive category.

BACKGROUND
Sunpeaks is a former mining company incorporated in Nevada, based in Vancouver, with a controlling shareholder in Maryland and a small California law firm.

SUNPEAKS VENTURES, INC.

(Exact name of registrant as specified in its charter)

 

         

Nevada

  

 333-161985

  

27-0777112

(State or other jurisdiction

  

(Commission File Number)

  

(IRS Employer

of Incorporation)

  

  

  

Identification Number)

  

  

  

  

  

  

  

#106, 505 19 Ave SW

Calgary, Alberta, T2S 0E4, Canada

 (Address of principal executive offices)

(403) 540-5277

(Registrant’s Telephone Number)

  

  

 

Copy of all Communications to:

Carrillo Huettel, LLP

3033 Fifth Avenue, Suite 400

San Diego, CA 92103

phone: 619.546.6100

fax: 619.546.6060

 

 

CATALYST
I cannot predict when the market wakes up to the apparent reality that this seems overpriced.


CAPITALIZATION

370 million shares

3 million Preferred Shares (convert into 5 shares each of common, 100:1 voting rights)

ASSETS, EQUITY (Pre-Acquisition)
Cash                                      $9,916

Revenue                              $0

Shareholder’s Equity      negative


SNPK’S RECENT ACQUISITION’S BALANCE SHEET AND FINANCES
HDS Company Overview

HDS was incorporated in the State of Delaware on September 19, 2008 under the name AmeriSure Pharmaceuticals, LLC and on July 28, 2011 it changed its name to Healthcare Distribution Specialists LLC.  The most recent financials from the 8-K are posted (in excerpt form below).


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8422597

AMERISURE PHARMACEUTICALS LLC

(A Development Stage Company)

Balance Sheets

(expressed in US dollars)

 

     

 

December 31,

2010

$

December 31,

2009

$

 

 

 

Assets

 

 

 

 

 

Current Assets

 

 

 

 

 

Cash

591

Accounts receivable

43,897

 

 

 

Total Assets

44,488

 

 

 

 

Liabilities and Stockholders’ Deficit

 

 

 

 

 

Current Liabilities   

 

 

 

 

 

Accounts payable and accrued liabilities – related party

50,621

 

 

 

Total Current Liabilities

50,621

 

 

 

Stockholders’ Deficit

 

 

 

 

 

Members’ stock: unlimited shares authorized, without par value

1,000 shares issued and outstanding, respectively

1,000

 

 

 

Deficit accumulated during the development stage

(7,133)

 

 

 

Total Stockholders’ Deficit

(6,133)

 

 

 

Total Liabilities and Stockholders’ Deficit

44,488

 

 

 

(The accompanying notes are an integral part of these financial statements)

 

3

 



 

 

AMERISURE PHARMACEUTICALS LLC

(A Development Stage Company)

Statements of Operations

(Expressed in US dollars)

 

 

         

 

 

Year ended

December 31,

2010

$

Year ended

December 31,

2009

$

From September 19, 2008 (date of

inception) to

December 31,

2010

$

 

 

 

 

 

Revenue

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

General and administrative

 

6,073

6,073

Professional fees

 

452

452

Travel and entertainment

 

608

608

 

 

 

 

 

Total Operating Expenses

 

7,133

7,133

 

 

 

 

 

Net Loss

 

(7,133)

(7,133)

 

 

 

 

 

Net income (loss) per share, basic and diluted

 

(7.13)

 

 

 

 

 

 

Weighted average shares outstanding

 

1,000

1,000

 

 

 

(The accompanying notes are an integral part of these financial statements)

 

4

 

VITAMINS WITHOUT VITAMIN K (ACCORDING TO OSU)


Multivitamins that do not contain vitamin K

?? One A Day Women’s®

?? Flintstones Complete®

?? One A Day Kids®

?? Ocuvite plus®

?? CVS Multivitamin + Minerals Extra Strength (USP)®

?? CVS Daily Multiple plus Iron (USP)®

?? Walgreen’s Women’s Way Scientifically Formulated for Active Women USP®

?? Giant Eagle Multi-Vitamin with Beta Carotene Daily USP®

?? Giant Eagle Multi-Vitamin with Beta Carotene Daily plus Iron USP®

Remember, it is always best to check with a Pharmacist about

whether or not the multivitamin contains vitamin K.

 

SITES PROMOTING SNPK


I receive a daily or more than once daily email from PennyPic.
Example:

Dear Valued Subscribers,

 SNPK is hovering at around a dollar right now. Who would've thought that it'd be where it is today? The important thing is that it is and that it is showing strong signs of strong continuation. Even at the dollar range right now there are millions of SNPK buys coming through. Investors must be very confident in SNPK.

We know for sure that every one who did buy SNPK wants to see it go to $10+ like the other pennystock did last year!

Lucky members who had the foresight to buy SNPK in the 30 cent range and to hold (and hold and hold) have now more than tripled their money!

Everyone buying in the dollar range are hoping for the same as well!

SNPK has been on a streak of amazing announcements since April, and all signs indicate that it is just getting started! With a star such as NBA legend Paul Silas on board as spokesperson SNPK is off to a great start!

We have never covered a pick as interesting and with as much potential as SNPK!

Stay glued to SNPK because it looks like it's just getting started!

Sincerely.

The PennyPic.com Team

 

 

 

Today's pick is: SNPK

Dear Valued Subscribers,

 

SNPK is such a blessing for our members. For those of you who played the biggest MegaMillions draw in history and unfortunately didn't win you can find some comfort in knowing that SNPK is producing gains for you.

Lucky members who had the foresight to buy SNPK in the 30 cent range and to hold (and hold and hold) have now more than tripled their money!

Could everyone buying in the dollar range triple or even quadruple their money too? 

You be the judge. We all saw a pennystock pick last year do the "impossible" and go from the 50 cent range all the way up to almost $11. Even a fraction of that would be amazing for our members.

SNPK announced yesterday that they've reached a strategic agreement with Acosta ($50 billion system-wide sales with an A-list clientele such as Procter & Gamble).

SNPK also had Steve Procko Productions (the studio that's worked with Pfizer, AT&T) create an ad for Clotamin which by the way began airing on TV yesterday. Doesn't that strike you as a great formula for success?

SNPK's aiming for the stars (literaly) and finally reached an agreement with NBA legend Paul Silas to be a spokesperson for Clotamin nationwide. We wouldn't be surprised if we saw him appear in one of the Clotamin commercials some time soon.

We have never covered a pick as interesting as SNPK, and it is also probably one of the picks we see the most potential in even at the current levels. Again, we saw a pick last year hit almost $11 so why couldn't SNPK produce a similar opportunity for our members as well?

Keep watching SNPK because it looks like it's just getting started!

Sincerely,

 

 

 

It appears that Since March 26th, the following publications have put out promotional pieces on SNPK:  Preferred Penny Stocks, Hototc, FreePennyAlerts.com, ExplicitPennyPicks.com, Penny Stock Alley, Killer Penny Stocks, PennyPic, GladiatorStocks.com, Ox of Wallstreet, Bull Rally, InsidersLab.com, PennyStocks123, SquawkBoxStocks, PennyStocksInsiders.com

https://www.google.com/search?sourceid=chrome&ie=UTF-8&q=sunopeaks+ventures

 

COMPANY FINANCIAL DOCUMENTS LINK

http://www.otcmarkets.com/stock/SNPK/financials

FORM 10-K

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8187225

As of October 11, 2011, there were 8,233,350 shares of the registrant’s $0.001 par

value Common Stock issued and outstanding.

 

DECEMBER 31, 2011 10-Q

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8401480

As of February 8, 2012, there were 370,500,750   shares of the registrant’s $0.001 par value common stock issued and outstanding.

FEBRUARY 13, 2012 FORM 8-K

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8422597

Share Exchange Agreement

 

On February 13, 2012, Sunpeaks Ventures, Inc., a Nevada corporation  entered into that certain Share Exchange Agreement (the “Share Exchange Agreement”) with Healthcare Distribution Specialists LLC, a Delaware limited liability company, (“HDS”), Mackie Barch, the mmanaging member of HDS, who presently owns 100% of the issued and outstanding membership interests in HDS, and Scott Beaudette, the majority shareholder of the Company. Pursuant to the terms and conditions of the Share Exchange Agreement, HDS shall exchange 100% of the outstanding membership interests in HDS in exchange for: (i) two hundred million (200,000,000) newly-issued restricted shares of the Company’s common stock, par value $0.001 per share and (ii) three million (3,000,000) newly-issued restricted shares of the Company’s Class A Preferred Stock, par value $0.001 per share. The exchange will result in HDS becoming a wholly-owned subsidiary of the Company.  Additionally, pursuant to the Share Exchange Agreement, Mr. Beaudette shall cancel two hundred million (200,000,000) shares of the Company’s common stock that he currently owns. As a result of the Share Exchange Agreement, the Company will now conduct all current operations through Healthcare Distribution Specialists LLC, and our principal business became the business of HDS.

 

LINKED IN OF MACKIE BARCH (PRINCIPAL STOCKHOLDER)
Mackie Barch

CEO at Healthcare Distribution Specialists

Washington D.C. Metro Area 

Pharmaceuticals

Current

  • CEO at Healthcare Distribution Specialists
  • Council Member at Town of Kensington

Past

see all

Education

  • University of Colorado at Boulder
  • Bethesda Chevy Chase High School

Connections

402 connections

Websites

Twitter

Public Profile

http://www.linkedin.com/pub/mackie-barch/1a/ba7/832

Summary

Specialties

finance, pharmaceuticals, distribution, OTC/Rx, wine, government

Experience

CEO

Healthcare Distribution Specialists

November 2008 – Present (3 years 6 months) Silver Spring, MD

Healthcare Distribution Specialists, LLC ("HDS") is a nationally focused, value-added distributor of specialty drugs and over-the-counter ("OTC") branded multivitamins to the healthcare provider market. HDS currently functions as a just-in-time source of supply for hospitals, surgery centers, and other critical care sites for those products that are hard-to-find due to drug manufacturers' production shortages. In addition to pharmaceuticals, HDS also distributes over-the-counter ("OTC") branded health supplements. HDS is currently analyzing several OTC products that would allow us to become a powerful Over-The-Counter player in the health supplement market.

Council Member

Town of Kensington

2009 – Present (3 years)

The Town of Kensington, Maryland is known to its citizens as the Town where "the train still stops and the citizens still walk". The history of Kensington started decades before the Baltimore & Ohio Railroad constructed the Metropolitan Branch line from Washington, DC to Point of Rocks, Maryland in 1873. The Metropolitan Branch line bisected property owned by Mr. and Mrs. George Knowles. The train stopped a Knowles Station in recognition of George Knowles' property. This Station facilitated commerce to Knowles and the other farmers in the immediate area. Soon after the death of Knowles, parcels of land from the estate were sold. A significant portion of the Knowles estate and some of other surrounding land in the vicinity of the Knowles Station provided the natural setting of several hundred houses that emerged into Kensington of today. The name, Kensington did not surface until 1894. By 1890, the village of Knowles Station, as it was known then, experienced rapid growth and its growing governance and infrastructure needs could not be accommodated by the County. In 1894 a bill was introduced into the Maryland legislature to create the municipality known as the Town of Kensington.

Co-Founder

Global Nutritional Research

Partnership; 1-10 employees; Health, Wellness and Fitness industry

2008 – December 2011 (3 years)

Global Nutritional Research is the maker of Clotamin, a unique and complete multivitamin formulated without vitamin k to meet the special nutritional needs of people taking blood thinning medications (anticoagulants) such as Warfarin. Vitamin k is a common ingredient in most multivitamins on the market and can thicken blood and interfere with warfarin therapy. Clotamin is available at pharmacies throughout the United States. www.clotamin.com

President - DC Chapter

National Blood Clot Alliance

2008 – December 2011 (3 years)

The National Blood Clot Alliance (NBCA) formerly know as the National Alliance for Thrombosis and Thrombophilia (NATT) is a patient-led, voluntary health advocacy organization. NBCA volunteers include many of the nation's foremost experts on blood clots and blood clotting disorders.

NBCA programs include patient education and professional training on the signs, symptoms and prevention of blood clots and clotting disorders.

Founder/Managing Director

Vintners Charitable Cooperative

Philanthropy industry

2006 – December 2011 (5 years)

Vintners Charitable Cooperative (VCC) is the first social venture business that lets its customers choose wine and the charity they want to support. There are many wine labels and other wine programs that generously donate the proceeds from sales to many worthy causes, but unless you support the cause they do, it's not as motivating for you to buy. VCC lets its customers choose their favorite charity to support and gives 10% of online wine sales (coming soon!) and 25% of each wine club shipment (available now!) (excluding tax and shipping) to the charity you are passionate about.

VP

GPS

2006 – 2008 (2 years)

Assistant Vice President

Friedman Billings Ramsey

Public Company; 201-500 employees; FBCM; Investment Banking industry

2001 – 2006 (5 years)

FBR Capital Markets focuses its banking, advisory, trading and research efforts in seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Washington Policy Analysis group offers clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies

 

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Registrant: 
Global Nutritional Research 
3607 Calvend Lane 
Kensington, Maryland 20895 
United States 

Registered through: GoDaddy.com, LLC (http://www.godaddy.com) 
Domain Name: CLOTAMIN.COM 
Created on: 25-May-07 
Expires on: 25-May-18 
Last Updated on: 11-May-09 

Administrative Contact: 
Barch, Justin jbarch2003@yahoo.com 
Global Nutritional Research 
3607 Calvend Lane 
Kensington, Maryland 20895 
United States 
(301) 455-0207 Fax -- (301) 455-0207 

Technical Contact: 
Barch, Justin jbarch2003@yahoo.com 
Global Nutritional Research 
3607 Calvend Lane 
Kensington, Maryland 20895 
United States 
(301) 455-0207 Fax -- (301) 455-0207 

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The Registry database contains ONLY .COM, .NET, .EDU domains and Registrars.

 

Catalyst

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Investingation into trading activity
Investors realize valuation is not compelling
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