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Moderator: nodummy Assistants: scion, janice shell, Renee, integral, BigBake1, 1manband
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Last Post: 10/21/2016 6:54:51 PM - Followers: 1904 - Board type: Free - Posts Today: 2

DD Support Board and Fraud Research Forum

This forum is a place for ALL to share and build research and due diligence.

This is not a forum for recommending stocks to buy or sell.  It is for information sharing only.

Please do not use this forum to promote stocks.

Feel free to build on the research already done by others or to present fresh new research.


Please start all informational posts with the ticker symbol of the stock.


We have done lots of research on lots of different stocks. 

A good tool for people to use is the search feature using the ticker symbol of the company for which you are interested.  If you own a free IHUB account and you are unable to use the search feature just ask in a message if any past research was done on a specific ticker and somebody will be happy to supply you with the links to some of the past research posts.


A few simple rules to follow:

1: You cannot discuss other posters or try to attack them. TOU still is applied here.

2: BRING FACTS. No flame wars. Be mature and respect the DD that is done regardless of what you think of it.

3: We do not give advice for buying or selling the stock you are interested in. We only find information that pertains to the company and/or it's executives

4: If you ask for some DD on a company, don't expect a rose garden of an answer. Not going to happen.

5: Off topic is okay...TO A CERTAIN respectful, it's not that hard to do.

Important links:

Another place to read some of nodummy's research:

Great Forum for Litigation and Court Docket updates not posted on this board:

SEC trading suspensions:

SEC press releases:

SEC administration proceedings:

SEC litigation releases:

Most recent SEC flings:

Recent OTC filings:

OTC Corporate Actions- Other OTC Suspension/Halts

Prohibitied Attorneys

Secretary of State Search (site provides links to all states)

Process of Listing On the OTCBB

Great Website for basic information about the laws surrounding penny stocks


Stock Dilution Scam:

A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive amount of shares into the market for no reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders. Then, after share prices are at or near the minimum price a stock can trade and the share float has increased to an unsustainable level, those fraudulent companies tend to reverse split and continue repeating the same scheme.

Pump and Dump Schemes:

"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.

Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.


The key is understanding

The key is understanding that pink sheet stocks are not investments - 99% of them will lose value over the long run and never accomplish most of their forward looking pumping statements they put in press releases or on their websites. Never believe the hype - always be skeptical of everything you hear.

The people mostly making money with pink sheet stocks are promoters, front loading pumpers with big followings they can dump on, crooks, some of the flippers, and sometimes the very lucky.

Pumpers only tell you to buy stocks that they already own. Pumpers only tell you to hold stocks because they want to make sure you hold longer than them.

They make money by pumping the stock and getting other people to buy then dumping their shares on the followers.

If you really want to take the risk of trying to make money trading pink sheet companies then you have to understand how the game works and never ever hold long term - take profits when you can. Pump and Dumps dominate the IHUB forums.

Trading pink sheet stocks is a sick game full of lies and deceit where people take advantage of the inexperienced and naive stealing away their life savings for their own personal gains.

Very little respect or morals exist in stinky pinky land.


The Consequences of an SEC Suspension:

As of September 21, 2012 :
From January 2010 until today there have been a total of 1116 SEC Suspensions where ALL 1116 stocks were reinstated on the Grey Sheets after the ten day SEC Suspension ended.

Of the 1116 SEC Suspended stocks since January 2010 645 Registrations have been revoked.

The remaining 471 stocks are on the Grey Sheets (or still in the ten day SEC Suspension within the last ten days) and not one has made it off the Grey Sheets back to quotation by any Market Maker.

In case anyone asks what the chances are for their holy grail stock to get off the Grey Sheets.

All 1116 Suspensions and 645 revocations are listed with direct links to the SEC actions:


Disclaimer:  All statements made on this forum are the opinion of the author of the post.  Please try to back up all statements with as much evidence to support your opinion as possible.



#109740  Sticky Note Complete list of SEC suspended stocks from January Renee 06/26/16 05:53:13 PM
#73621  Sticky Note why does bacon wrapped shrimp figure prominently in janice shell 07/31/14 12:06:31 PM
#61367  Sticky Note The NSCC SBP BigBake1 03/02/14 01:59:24 PM
#50717  Sticky Note iHub DD forums regarding specific 504 and floorless Cassandra 09/14/13 08:15:59 PM
#22177  Sticky Note Non DTCC BigBake1 02/14/12 08:54:48 PM
#114034   2) The money is often wasted, goes to KittP 10/21/16 06:54:51 PM
#114033   Very funny, and then next they will put pumper_stumper 10/21/16 10:55:20 AM
#114032   Open invitation to a welcoming party for Leonard WarMachine 10/20/16 08:58:29 PM
#114031   That's right. I forgot about their cunning plan 1manband 10/20/16 08:49:46 PM
#114030   I believe you overlooked one company's brilliant plan I-Glow 10/20/16 07:53:33 PM
#114029   It'll be less amusing if somebody hijacks it janice shell 10/20/16 07:48:36 PM
#114028   Any thoughts on EGOH? (First-time post for PennyHoper 10/20/16 07:29:00 PM
#114027   Agreed Ben Lurkin 10/20/16 07:19:00 PM
#114025   its your belief that any company that has 1manband 10/20/16 06:39:18 PM
#114024   Thanks Janice. It's just amusing to me that hanibal 10/20/16 06:38:27 PM
#114023   MGT Comments on NYSE Delisting; Common Stock to badbadbad 10/20/16 06:36:44 PM
#114022   USAM used to be an SEC registrant, but janice shell 10/20/16 06:31:55 PM
#114021   Yes.....sorry, for ONLY those specific reasons. Other Ben Lurkin 10/20/16 06:24:32 PM
#114020   USAM This is one of the most bizarre oddities. hanibal 10/20/16 06:22:07 PM
#114019   Yes.....sorry, for ONLY those specific reasons. Other Ben Lurkin 10/20/16 06:19:44 PM
#114018   FINRA has no power to deny applications. janice shell 10/20/16 06:17:44 PM
#114017   They could have "filed" then in their minds. Ben Lurkin 10/20/16 06:05:40 PM
#114016   That is what I thought. So COBI/Rick Shykora surfkast 10/20/16 04:49:08 PM
#114015   It's supposed to take about ten days from janice shell 10/20/16 04:43:18 PM
#114014   How long does FINRA usually take to issue surfkast 10/20/16 04:38:28 PM
#114013   Interesting info, but when you look under the hanibal 10/20/16 02:49:41 PM
#114012   Welp, again I learnt sumpin' new - that's shajandr 10/20/16 02:31:59 PM
#114011   I think im starting to understand the disconnect here. namtae 10/20/16 01:39:44 PM
#114010   I know a little about factoring, but "forfaiting" Arthur 10/20/16 01:04:08 PM
#114009   Sounds like factoring without the recourse... Churak 10/20/16 01:01:39 PM
#114008   the scam that keeps on giving. lucky,mydog 10/20/16 12:59:06 PM
#114007   How rampant is forfaiting, whatever that is? sidedraft 10/20/16 12:54:06 PM
#114006   How these companies fair going forward isn't the point. 1manband 10/20/16 11:58:46 AM
#114005   Try not to invent representations or put words namtae 10/20/16 03:42:57 AM
#114004   I asked for examples of toxic death spiral 1manband 10/19/16 11:58:57 PM
#114003   Which is why I say 99% of penny 1manband 10/19/16 11:54:03 PM
#114002   Well… He IS insane. janice shell 10/19/16 10:39:38 PM
#114001   MGT - As of now John McAfee is nodummy 10/19/16 10:38:47 PM
#114000   GOOG would have been better. I had an timmage 10/19/16 09:42:10 PM
#113999   With a name like yours I would have Raphael De La Ghetto 10/19/16 09:35:13 PM
#113998   So....are you claiming that the company made blatantly 236T568 10/19/16 08:26:52 PM
#113997   MGT delisted. Now they can really play the lineItemVeto 10/19/16 07:41:14 PM
#113996   I wonder what McAfee will do. Or janice shell 10/19/16 06:53:34 PM
#113995   It'll be a great day when MGT is delisted nodummy 10/19/16 06:51:54 PM
#113994   Dont worry ive been around for a long Eliot Ness 10/19/16 06:47:54 PM
#113993   not good badbadbad 10/19/16 05:34:23 PM
#113992   This is the target audience, the 98% of Hattori Hanzo 10/19/16 05:32:21 PM
#113991   Look, you clearly have no understanding of the namtae 10/19/16 05:28:11 PM
#113990   I need some expertise. I'm pasting in what Monksdream 10/19/16 05:16:02 PM
#113989   Theres a lot youre missing. bearspread 10/19/16 05:14:30 PM
#113988   tell you what 236T568 10/19/16 05:11:30 PM
#113987   It took the NYSE this long to do Monksdream 10/19/16 04:55:39 PM
#113986   Keep making up BS to make your point. namtae 10/19/16 04:43:47 PM
#113985   Actually, wrong 236T568 10/19/16 04:39:39 PM
#113984   Oh my. That should make for interesting janice shell 10/19/16 04:37:55 PM