|1||Incorporation||2/10/1993||Asensio & Company, Inc. is founded by Manuel P. Asensio and becomes an SEC-registered, FINRA-member broker-dealer.|
|2||Diana||6/4/1996||asensio.com is launched and becomes one of the first broker-operated websites, one of the first to issue research reports via the internet, and the first to issue strong sell recommendations with the asensio.com report on Diana Corp., a meat packaging company turned internet tech darling, whose stock had gone from $5 to $125, only to later fall to zero.|
|3||Solv-Ex||10/7/1996||asensio.com initiates coverage on Solv-Ex -- it's the first in a series of companies covered by asensio.com that revolve around scientific misrepresentations and investment in a plant based on pilot experimentation.|
|4||Fidelity||1/7/1998||asensio.com reports on Fidelity's involvement with a company under criminal investigation -- just before the company's executives were convicted of securities fraud and trade secret theft.|
|5||Chromatics Color Sciences||6/8/1998||Chromatics Color Sciences, a stock promotion based on supposedly revolutionary technology to test for disease in newborns, became the subject of strong sell recommendation by asensio.com. Asensio.com discovered that Chromatics lacked any significant techological know-how in the surpisingly advanced field of color identification equipment.|
|6||Dreyfus||6/22/1998||Reports by asensio.com form the basis for civil charges against Dreyfus, a major mutual fund operator, after asensio.com discovered a Dreyfus manager's improper trading in stocks covered by asensio.com.|
|7||Russell Index||11/2/2000||asensio.com published a letter to the SEC about market manipulation using Russell Index mutual funds; of the 8 companies detailed in the letter, 7 went bankrupt and fell into penny stock status.|
|8||Citigroup / Grubman||5/14/2001||asensio.com went head-to-head against one of Wall Street's most powerful and renowned analysts and correctly predicted the bankruptcy of an over-hyped telecom stock -- the fallout spurred new regulations for research analysts' conflicts of interest.|
|9||Sold Short||5/18/2001||John Wiley & Sons published a hard-back book titled "Sold Short: Uncovering Deception in the Markets," co-written by Manuel P. Asensio and Jack Barth, detailing the early history Asensio & Company, Inc.|
|10||AMEX||11/27/2001||An unprecedented Congressional investigation, spurred by asensio.com research, into stock fraud at the American Stock Exchange concludes, while a related SEC investigation later ended with charges against the CEO of the AMEX and a leader of FINRA.|
|11||Harvey Pitt SEC scandal||11/06/2002||asensio.com served as a source to the New York Times about the involvement of William Webster, SEC Chairman Harvey Pitt's appointee to head the new accounting oversight board, in US Technologies, a penny stock company that had been accused of fraud. Pitt was forced to resign. It was later argued, however, that the Times manipulatively presented the information on Pitt and Webster in order to pursue a political agenda.|
|12||PolyMedica||2/18/2003||USA Today runs a front-page story about the asensio.com investigation of a company that would be subject to criminal investigation for Medicare fraud and later pay a $35 million settlement to the U.S. Department of Justice.|
|13||NVEC / Nano||8/5/2004||The New York Times publishes criticism of
Wall Street promotion of "nanotech" companies and a supposed nanotechnology index based on asensio.com reporting.
|14||Alaska AG / Palin||2/6/2005||The Alaska Attorney General resigns after
front-page newspaper articles report information from asensio.com -- that the Attorney General was personally trading a stock covered by asensio.com while negotiating a trade deal that would have allegedly benefited that company.
|15||Pegasus / NASDAQ||7/20/2006||NASDAQ allowed a company covered by asensio.com to ring the
NASDAQ opening bell, and a month later the company put on
a promotional event with Eric Clapton -- but the company turned out to be a complete fraud that unraveled in months; the CEO received a 21-year prison sentence.
|16||KFx / Evergreen||9/18/2006||asensio.com releases
surveillance video evidence, compiled into a music video, as part of its short-selling research, based on the work of two separate camera crews that monitored shipments of KFx, a coal technology company, which later went bankrupt.
Barron's publishes criticism informed by asensio.com's reports from years earlier about a tech company engaged in an apparent pump-and-dump manipulation.
|18||LDK||12/17/2007||asensio.com's work is featured in a specialized alternative energy publication concerning a U.S.-listed Chinese solar company, which attempted to overcome fraud accusations, but
refused to address asensio.com's concerns as part of its "independent" review.
|19||New Mexico State Investment Fund||1/18/2008||asensio.com discovers the State Investment Fund of New Mexico (NMSIC) involvment in troubling investment activities. Robin Manners West, a senior portfolio manager with the NMSIC, actively participated in a stock promotion designed to inflate the price of a virtually valueless company previously Research Frontiers, Inc. (“REFR”), a 43 year old stock promotion. As a part of its active short selling asensio.com reported to NMISIC's leaders and compliance executive Ms. West role including details of her having provided baseless inaccurate comments to Gene Marical for his publication.|
|20||Timminco||3/31/2008||asensio.com first publishes research on
Timminco, a penny stock turned hot solar company that later imploded, showing the most dramatic evaporation of market value of any research target in asensio.com's history.
|21||Chinese Fraud||4/17/2009||asensio.com became one of the first sources to report on financial irregularities and potential fraud at Chinese companies that listed in the U.S. through reverse mergers -- dozens of Chinese reverse merger companies were delisted and their shares became worthless.|
|22||Bridgepoint Education||5/25/2010||asensio.com discovers that Bridgepoint Education, a for profit school funded by U.S. taxpayer had approximately 1,300 employees dedicated to making sales calls. These salespersons were paid with funds obtained from tax-payers. These sales people are allowed to market an online university with a 60-year-old accreditation that Bridgepoint purchased when it acquired a college with 332 students. Bridgepoint bought the college and its accreditation with funds obtained from a private equity firm five years ago, and since then, Bridgepoint has grown enrollment to 65,788 students. asensio.com's research into Bridgepoint Education's sales partices spurred an investigation by DOE. asensio.com audited the DOE's investigation and discovered that DOE's program did not address the core issues of the amount of commissions paid.|