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DD Support Board and Fraud Research Team

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Moderator: nodummy Assistants: scion, janice shell, Renee, integral, BigBake1, 1manband
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Last Post: 2/12/2016 4:04:20 AM - Followers: 1860 - 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.



#101484  Sticky Note Complete list of SEC suspended stocks from January Renee 01/02/16 11:20:18 AM
#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
#103634   I would love to know any other company tajitj 02/12/16 04:04:20 AM
#103633   Guess it's all good now that he apologizes. KittP 02/12/16 01:22:09 AM
#103632   Michael Nahass, Director, Secretary and Treasurer of TRTC Doc K 02/11/16 11:54:44 PM
#103631   Here's a chance to show your chops: Sleepy2016 02/11/16 10:32:35 PM
#103630   Moskowitz did not make the list - scion 02/11/16 08:23:06 PM
#103629   The IRS does send out statements, letters, and integral 02/11/16 08:21:46 PM
#103628   Martin Shkreli's Lawyer Brafman Sheds Light on Price Gouging scion 02/11/16 08:20:30 PM
#103627   That's interesting. janice shell 02/11/16 08:19:27 PM
#103626   Moskovitz is represented by Benjamin Brafman and Mark scion 02/11/16 08:19:05 PM
#103625   Ex-CFO Is Latest SpongeTech Exec To Avoid Prison scion 02/11/16 08:13:34 PM
#103624   That is usually the way it works. The BullNBear52 02/11/16 08:10:36 PM
#103623   He either has the money to pay his BullNBear52 02/11/16 07:49:40 PM
#103622   That is awfully quick by the IRS to integral 02/11/16 07:33:33 PM
#103621   Michael Osborn Pleads Guilty to Wire Fraud and scion 02/11/16 07:23:27 PM
#103620   Michael Osborn of the AgedDebt scam has pled janice shell 02/11/16 07:10:14 PM
#103619   Shkreli is out on $5 million bond after scion 02/11/16 07:06:45 PM
#103618   Martin Shkreli offers $10M for Kanye's new album scion 02/11/16 07:06:11 PM
#103617   All Evil Shorts are spiritual Canadians. janice shell 02/11/16 06:52:27 PM
#103616   SEC: California Man Sold Investors Phony Stock to scion 02/11/16 06:42:25 PM
#103615   Former CEO of medical firm charged with securities scion 02/11/16 06:35:43 PM
#103614   Shkreli. . .And the tax man cometh coastiretired 02/11/16 06:26:52 PM
#103613   It is why they hand out Darwin Awards. BullNBear52 02/11/16 06:25:03 PM
#103612   That is what I figured. Apparently some people BullNBear52 02/11/16 06:23:05 PM
#103611   Ok guys, this is BS! Western Canada Risicare 02/11/16 05:27:09 PM
#103610   02/10/2016 52 LETTER MOTION addressed to Judge Andrew L. scion 02/11/16 04:45:24 PM
#103609   Pacer update 10 Feb 16 - USA v. scion 02/11/16 04:42:12 PM
#103608   reverse engineering? lucky,mydog 02/11/16 04:35:37 PM
#103607   Never rule out a convoluted conspiracy theory where scion 02/11/16 04:31:07 PM
#103606   Of course none of this applies to Spongetech? BullNBear52 02/11/16 04:26:47 PM
#103605   II. “Naked” Short Sales scion 02/11/16 03:33:39 PM
#103604   If I was going to invest in a BullNBear52 02/11/16 03:16:06 PM
#103603   The investor needing the advice you gave might tajitj 02/11/16 02:52:33 PM
#103602   You are most welcome! If I can save shajandr 02/11/16 02:48:04 PM
#103601   If he doesn't respond you can send him BullNBear52 02/11/16 02:36:26 PM
#103600   So 3 years later have you gotten any money? BullNBear52 02/11/16 02:34:20 PM
#103599   LOL, she wants a pony too. That made rachelsdaddy 02/11/16 02:27:57 PM
#103598   Rachel does nott want her daddy to ever shajandr 02/11/16 02:22:37 PM
#103597   huh? So....what are you trying to say here regarding 236T568 02/11/16 01:58:00 PM
#103596   AMEN. I swore off pinkies for New Years. rachelsdaddy 02/11/16 01:52:38 PM
#103595   HHSE is not an SEC registrant, which goes 1manband 02/11/16 01:40:25 PM
#103594   Again, except HHSE who does not disclose them tajitj 02/11/16 01:25:02 PM
#103593   A guy named Pedro told me FREE's OS 1manband 02/11/16 01:17:00 PM
#103592   "...still blaming the SEC..." cowtown jay 02/11/16 01:12:08 PM
#103591   SEC probes Boeing's accounting of Dreamliner, 747: Bloomberg scion 02/11/16 12:35:19 PM
#103590   They're suing for over $7 billion dollars yet Sleepy2016 02/11/16 12:23:14 PM
#103588   A patent troll with an OTC company and Sleepy2016 02/11/16 12:15:32 PM
#103587   Yep. VPLM is a pump and dump scam, even sunspotter 02/11/16 12:13:59 PM
#103585   INCT getting the mega pump treatment right now. KittP 02/11/16 11:53:43 AM
#103584   Because of FREE's super ugly convertible debt situation nodummy 02/11/16 10:05:05 AM
#103583   I called. A guy named Pedro told me rachelsdaddy 02/11/16 09:05:47 AM