Evan Bleker Penny stock promoter. Frontrunner. Unethical activity. Canada

The complaint in question is talking about Net Net Hunter's free net net stock pick sent out at the end of each month.

Every month, along with the free stock pick, I make it clear whether I have purchased, plan to purchase, or have not purchased the stock in question. This is clearly stated right below the free stock pick.

Aside from a stock pick, sent out once at the end of every month, I do not "promote" any stock. In fact, I typically don't mention the stock again.

Anybody who has accused me of "front running" clearly has not watched the price of the stock after an email is sent out. Stocks almost never see a bump up in price after a newsletter is sent out, and this is something that you can check for yourself by signing up for our free net net stock newsletter. 

www.netnethunter.com/100s-of-net-net-stocks

It's free and you never have to purchase a thing but it's the best way to see for yourself how these stocks move after I mention them.

While I'm clearly not profiting from sending these stock picks out to my list, I haven gotten threatening emails from people who want to shut the website down. For example:

From: Don <don@gmail.com>
Subject: Rethink your website

Message Body:
Hi Evan,
I understand you run a business selling net net ideas.  This is damaging to the small portfolio managers/investors like yourself as you are essentially arbitraging our opportunities away.  Please be aware if this continues, we will produce a direct competitorto yours and offer it at no cost to the public.
Don

--
This e-mail was sent from a contact form on Net Net Hunter About Page (http://www.netnethunter.com)

Why am I getting these emails and complaints?

In my view its because the strategy is very profitable and people are afraid that the opportunities will be gone if more people use it.

In regards to the "illiquid stocks resulting in massive losses," Ben Graham, Walter Schloss, and Warren Buffett support the strategy. Here are three quotes that you can find online yourself:

"It always seemed, and still seems ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the...net current assets alone…the results should be quite satisfactory. They were so in our experience, for more than 30 years." - Ben Graham from the Intelligent Investor

"My cigar-butt strategy worked very well while I was managing small sums. Many dozens of free puffs I obtained in the 1950s made that decade by far the best of my life for both relative and absolute investment performance." - Warren Buffett, Berkshire Hathaway’s 2014 Annual Letter

"[Ben Graham] liked intellectual challenges. I think Wall Street was a challenge. Then, he discovered that he could make good money by just buying stocks at 2/3rds of their working capital. ...After he found out he could make good money this way, he kind of lost interest." - Walter Schloss, Outstanding Investor Digest, March 6th, 1989.

On top of this is a mountain of studies, many available online, that show that net net stocks, or NCAV stocks, while small, perform very well. I'm more than happy to provide links or talk to you in person if you email me via my website.

Thanks,

Evan.