UPDATE: No Vana Blue Shares Have Traded Hands Since Oct. 8; No Praebius Communications Trades Since Oct. 9

UPDATED 4:30 P.M. EDT (U.S.A.) No shares of Vana Blue were reported traded today. No trades have occurred since Oct. 8, a period encompassing seven full trading days. Some shares of Praebius did trade today, so its string of no trading since Oct. 9 ended.

Here, below, our earlier post . . .

Two Pinksheet penny stocks whose names became associated with the so-called autosurf “industry” have not recorded any trading of shares for days.

No shares of Vana Blue have traded hands since Oct. 8, a period that includes six full trading days and part of a seventh. No Praebius Communications shares have traded hands since Oct. 9.

In news releases, Vana Blue identified itself as the owner of eWalletPlus, a payment processor later linked to the AdViewGlobal (AVG) autosurf.

Vana Blue, which used mailing services in Phoenix and Las Vegas as its address, is a registered corporation in Nevada. Its website now resolves to a server that beams ads.

The company has claimed to own a company that variously has been described as TMS Corp. and TMS Association, which purportedly developed eWalletPlus. In January, Vana Blue also claimed to own a company that variously has been described as Karveck Corp. or Karveck International, a purported advertising and media company.

In February, Vana Blue reported that Karveck had posted $1.8 million in revenue in January — the month AVG was in prelaunch.

In an August news release, Vana Blue said it “has canceled all agreements with Karveck Int’l and has no affiliation with [the] company or its affiliates.”

The company claimed to own Karveck International in February 2009, declaring it a “newly acquired asset” that had produced $1.8 million in revenue in January. Karveck was described as a company that “specializes in internet advertising and promotion in a search engine and ad clicking type environment.”

Vana Blue’s August news release, however, said the deal once described as completed never was finalized and that the cancellation came as a result of “further due diligence.”

AVG, an autosurfing company with close ties to AdSurfDaily Inc., suspended member cashouts in June. The U.S. Secret Service seized tens of millions of dollars from ASD President Andy Bowdoin in August 2008, amid allegations of wire fraud, money-laundering and operating an international Ponzi scheme.

On Sept. 30 and Oct. 1 of last year, an evidentiary hearing in the ASD forfeiture case was held in U.S. District Court for the District of Columbia. The hearing centered on the Ponzi allegations, ASD’s “rebate” program and issues of income streams and solvency.

In August, prosecutors said ASD was insolvent.

“According to its own records, ASD sold ad packages worth approximately $39 million during the Miami rally, worth over $29 million from the Tampa convention, and worth over $27 million from the Chicago rally,” prosecutors said. “Even without including ad ‘sales’ that occurred over the Internet and the bonuses offered to rally participants, ASD would need assets of more than $118 million to pay these individuals their 125% return,” prosecutors said.

At the evidentiary hearing, ASD introduced an unaudited balance sheet that showed it had posted approximately $100.88 million in revenue in the first seven months of 2008. Prosecutors countered by saying ASD had promised to pay out more money than it had taken in, producing evidence showing ASD “will” pay rebates until members received 125 percent of what they had paid for “advertising.”

U.S. District Judge Rosemary Collyer did not make a ruling from the bench at the conclusion of the hearing, instructing attorneys from both sides to prepare additional briefs and noting she would take the testimony and evidence introduced by both sides at the hearing under advisement.

During the period in which Collyer was deliberating the Ponzi and solvency issues, ASD announced on its Breaking News website that it expected a $200 million capital infusion from Praebius. Some ASD members raced to forums and websites covering the ASD case to share the news about the purported Praebius venture.

Some ASD members, however, questioned the news. ASD then removed its announcement about Praebius from the Breaking News website.

Shares of Vana Blue traded hands during 11 straight trading days between Sept. 10 and Sept. 24. After Sept. 24, shares traded hands in six of the 10 trading days through Oct. 8. No trades have posted since Oct. 8.

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