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This fraud page presents information not only about the specific stock scam that resulted in the Dyna-Cam engine production being killed, but about related scams. There are several related and commingled scams as documented by files from the www.sec.gov website, Start in 2000 with the Canadian HMS Financial ponzi-scheme, a project of Harold Murray Stark (HMS), Robert Fyn, and Garth Bailey. Concurrent with that scam, and with funds from it, they launched other schemes. Princeton Ventures Inc. which became Aero Marine Engines Inc. which became Axial Vector Engine Corp. which became Axial Vector Energy Corp. were all directly involved with the Dyna-Cam engine scam. The dates they called themselves one name or the other overlap. Related to those names you can throw in, Perma-Tune Electronics, Trans Max Technologies, Inc., Transporter Inc. and a few others.
In 2000, Harold Murray Stark (the HMS in HMS Financial), Robert Fyn, and Garth Bailey started HMS Financial in Canada.
HMS was a financial ponzi scheme. Before it was shut down, it was guesstimated that it bilked investors out of somewhere between $60 to $100 million dollars.
Princeton Ventures was also started in 2001 as an "Exploratory Mining Company" that had almost no assets.
Their SEC report stated that they had a few thousand dollars in cash, the right to explore some
mining claims for which they paid $1.00, and the right to sell millions of shares of stock.
At this point in time, no link was found between Princeton Ventures and the principles of HMS Capital.
Later events imply that at some point a link was formed.
Aero Marine Engine Inc. was created as the shell company that would take over Dyna-Cam Engine Co. It was registered as a Nevada Corporation and as a corporation registered with the Securities Exchange Commision (SEC) to sell stock on the Over The Counter (OTC) market. AKA the penny stock market where stocks valued at pennies up to five dollars could be sold with much less oversite, seemingly, at the time, little or no oversite.....
Out of the clear blue sky, the "Board" of Princeton Ventures, which has no assets, "BUYS" Aero Marine Engine Inc. The names of the people that were on the "Board of Directors" of both Princeton Ventures and Aero Marine Engine Inc. remains a mystery. Later SEC.com documents include names that are possibilties. The "Board" of Princeton Ventures votes to change it's name to Aero Marine Engine Inc. the shell company that would take over Dyna-Cam Engine Corp. It was registered as a Nevada Corporation and as a corporation registered with the Securities Exchange Commision (SEC) to sell stock on the Over The Counter (OTC) market. AKA the penny stock market, where stocks valued at pennies up to five dollars can be sold with much less oversite, seemingly, at the time, little or no oversite.....
On June 30, 2003 lawyer Bailey meets with the Palmers to discuss the pending purchase of the Dyna-Cam Engine Corp. by Aero Marine Engine Inc. He informs them that the finacing of the purchase has hit a snag that requires immediate action or the whole deal could fall apart. The money backers of Aero Marine Engine Inc. need to see a FAX of the signed signature page of the contract by midnight. Lawyer Bailey reassured them that he was continuing to look out for the interests of the Palmers. That all of the points in the draft contract and the memorandums of understanding were in effect and part of the final contract to be delivered in a day or two. Trusting lawyer Bailey's assurances and the ethics the law requires of a lawyer, they agreed to sign. The Palmers were between a rock, the likely loss of everything they had spent 20+ years of their life achieving, and the hard spot of not having the compleat contract in hand. Signing the signature page of the purchase contract between Dyna-Cam Engine Corp and Aero Marine Engine Inc. turned out to be a monumental FAIL!