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DD Support Board and Fraud Research Team

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Moderator: nodummy Assistants: scion, janice shell, Cassandra, Renee, BigBake1, samsamsamiam
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Last Post: 9/30/2014 7:37:34 PM - Followers: 1722 - Board type: Free - Posts Today: 59

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.



#73848  Sticky Note Complete list of SEC suspended stocks from January Renee 08/03/14 08:54:43 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
#16902  Sticky Note The SEC roundtable on microcaps has been archived janice shell 10/20/11 02:31:38 PM
#77477   [x] Like lineItemVeto 09/30/14 07:37:34 PM
#77476   I know WTF is..... Renee 09/30/14 07:26:10 PM
#77475   WTF is ?.................. surfkast 09/30/14 07:22:45 PM
#77474   the charts were totally messed up today. not samsamsamiam 09/30/14 07:16:25 PM
#77473   Ihub chart colors on the volume. Red, green, expediter13 09/30/14 06:20:19 PM
#77472   Unofficial federal marshal's report: Brigham Youngster 09/30/14 05:41:24 PM
#77471   I can't understand why they are still pumping surfkast 09/30/14 05:12:37 PM
#77470   Also a nice example of a PUMP to Nitwit 09/30/14 05:02:57 PM
#77469   INCC is a great example of how $100 surfkast 09/30/14 04:57:43 PM
#77468   It is in OTCMarkets best interest to make 1manband 09/30/14 04:55:57 PM
#77467   Another good example of why no one should 1manband 09/30/14 04:51:15 PM
#77466   It certainly is not good for stock analysis. bearspread 09/30/14 04:38:06 PM
#77465   Since their clients are the very companies they Kitt Proimos 09/30/14 04:18:12 PM
#77464   A very good example. That is really the 1manband 09/30/14 04:13:56 PM
#77463   It's on this board some posts ago. Kitt Proimos 09/30/14 04:10:57 PM
#77462   As a recent example of OTC "current" status bearspread 09/30/14 04:05:46 PM
#77461   OTCMarkets is not a regulator. They are a 1manband 09/30/14 03:48:33 PM
#77460   Financial Reporting and Audit Task Force scion 09/30/14 03:31:41 PM
#77459   09/25/2014 112 Judge Indira Talwani: ORDER entered. PROCEDURAL scion 09/30/14 03:22:35 PM
#77458   Pacer update 25 Sep 14 - SEC v. scion 09/30/14 03:18:51 PM
#77457   SEC Charges Two with Insider Trading on Pershing scion 09/30/14 03:08:14 PM
#77456   The cool thing, BIG Bennie can now be Nitwit 09/30/14 02:51:38 PM
#77455   Kitt, what is the stalker's alias(es)? PM that shajandr 09/30/14 02:40:59 PM
#77454   SEC charges two with insider trading ahead of scion 09/30/14 02:38:19 PM
#77453   Brown signs California's plastic bag ban into law scion 09/30/14 02:21:48 PM
#77452   California is so stupid, banning plastic bags at integral 09/30/14 02:13:56 PM
#77451   That is so stupid! surfkast 09/30/14 02:05:55 PM
#77450   INCC - Pennystockgeeks - YIKES samsamsamiam 09/30/14 01:15:42 PM
#77449   ... net revenues generated from this are expected to integral 09/30/14 12:58:41 PM
#77448   Michael Pasanello - websites samsamsamiam 09/30/14 12:52:23 PM
#77447   OTC Pink "Current" Information status frenchy 09/30/14 12:33:34 PM
#77446   Michael Pasanello Linkin profiles samsamsamiam 09/30/14 12:30:51 PM
#77445   Michael Pasanello/tasteebuds/CWIR/Hudson Grande samsamsamiam 09/30/14 12:00:31 PM
#77444   SEC Files Complaint in Sham Oil Trading Company Case bearspread 09/30/14 11:52:48 AM
#77443   RE: Kitt Proimos 09/30/14 11:47:29 AM
#77442   But we are issuing shares and announcing business Arthur 09/30/14 11:22:14 AM
#77441   SEC Files Complaint in Sham Oil Trading Company scion 09/30/14 11:20:06 AM
#77440   Impossible to be profitable when you have zero revenue. integral 09/30/14 11:06:18 AM
#77438   007stockchat - the Kansas filing gives a residential address. samsamsamiam 09/30/14 10:49:45 AM
#77437   Why have they never expensed all the discounted Kitt Proimos 09/30/14 10:41:51 AM
#77436   I see you posted about this Kon last integral 09/30/14 10:41:24 AM
#77435   UPS Store, what else would we expect. integral 09/30/14 10:39:56 AM
#77434   So if NTEK was profitable, why is it Kitt Proimos 09/30/14 10:31:42 AM
#77433   He claimed he had 21,000,000 then 29,000,000... think Nitwit 09/30/14 10:25:28 AM
#77432   yup. all related. samsamsamiam 09/30/14 10:11:24 AM
#77431   And that list of a handful of stock integral 09/30/14 10:03:34 AM
#77430   Stockmarketmediagroup/007STOCKCHAT.COM/Alex Kon samsamsamiam 09/30/14 09:58:45 AM
#77429   Why have they never expensed all the discounted integral 09/30/14 09:33:58 AM
#77428   SEC’s “Gatekeeper” Enforcement Initiative Impacts Directors scion 09/30/14 08:33:21 AM
#77427   Re EXSO: the company filed a Form 15 Renee 09/30/14 08:26:42 AM