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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: 11/27/2014 7:35:44 AM - Followers: 1741 - Board type: Free - Posts Today: 5

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.



#79015  Sticky Note Complete list of SEC suspended stocks from January Renee 10/25/14 12:04:35 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
#80696   Q.E.D. TenKay 11/27/14 07:35:44 AM
#80695   "Nope you covered most of it." sunspotter 11/27/14 04:47:01 AM
#80694   Nope you covered most of it. tob999 11/27/14 03:58:00 AM
#80693   Amazing! And a Happy Thanksgiving to you janice shell 11/27/14 01:28:39 AM
#80692   happy turkey bigmunnie 11/27/14 01:18:54 AM
#80691   lol, probably not many. janice shell 11/26/14 11:39:15 PM
#80690   I wonder how many people bash their own posts... $uper Dave 11/26/14 11:35:34 PM
#80689   Look at this crap... back in 2006 :-D $uper Dave 11/26/14 11:16:24 PM
#80688   Is that you Nit Wit? Eternalist 11/26/14 07:59:28 PM
#80687   Love those six-digit quotes! $uper Dave 11/26/14 07:41:27 PM
#80685   Spongetech Delivery (SPNGQ) shajandr 11/26/14 07:19:07 PM
#80684   Yeah, we all know about Phil. John knows jsmythe11 11/26/14 06:13:18 PM
#80683   Yes it is. They must have been janice shell 11/26/14 05:37:39 PM
#80682   I think much of the problem is that janice shell 11/26/14 05:37:09 PM
#80681   I thought the same thing. I will be 1manband 11/26/14 05:32:34 PM
#80680   I've seen much worse figures cited than the bar1080 11/26/14 05:31:34 PM
#80679   Reminiscent of the Stock Picking Robot and those janice shell 11/26/14 05:29:25 PM
#80678   "the number of parties in Vegas. Parties in shajandr 11/26/14 05:28:01 PM
#80677   Men charged with securities fraud for marketing predictive software 1manband 11/26/14 05:27:53 PM
#80676   Some of it depends on the toxic convertible 1manband 11/26/14 05:26:09 PM
#80675   They already do do that. Now we janice shell 11/26/14 05:17:01 PM
#80674   Question: With the six-digit prints, does this portend shajandr 11/26/14 05:15:28 PM
#80673   LOL!! That doesn't surprise me. janice shell 11/26/14 05:04:54 PM
#80672   I'd prefer that party in Omaha. LOL! bar1080 11/26/14 04:45:44 PM
#80671   One only needs to point to stockmasterflash 11/26/14 04:06:17 PM
#80670   ONLY if you're from Lake Wobegon... where everyone bar1080 11/26/14 04:03:31 PM
#80669   ICBU update bigmunnie 11/26/14 03:49:59 PM
#80668   Doubt 2% of IHUBbers beat the S&P 500 bar1080 11/26/14 03:40:57 PM
#80667   Is that 'm' guy whacko from spngq on Kitt Proimos 11/26/14 03:21:10 PM
#80666   MTVX formerly FROZ now at no bid. Buh bye. billytbone 11/26/14 03:07:57 PM
#80665   complaining of market manipulation, cellar boxing, NSS, hidden TenKay 11/26/14 02:52:33 PM
#80664   ok thx power_forward 11/26/14 02:48:55 PM
#80663   Interesting. I have to do some shopping janice shell 11/26/14 02:47:51 PM
#80662   Why they allow 4 digit quotes is beyond me… janice shell 11/26/14 02:47:16 PM
#80661   NSEH I'm thinking tweets are fake ~ you PinkPennies 11/26/14 02:44:12 PM
#80660   individual stock picking and ownership beats any mutual janice shell 11/26/14 02:43:19 PM
#80659   Did you read about the BK of NHL bar1080 11/26/14 02:38:09 PM
#80658   how very interesting but HOW DO I GET janice shell 11/26/14 02:36:49 PM
#80657   NSEH Board in Chaos, looks like 2 fake power_forward 11/26/14 02:36:12 PM
#80656   Why they allow 4 digit quotes is beyond TenKay 11/26/14 02:30:04 PM
#80655   As you'll have seen if you read the janice shell 11/26/14 02:28:22 PM
#80654   lol, I think that's the LAST thing the janice shell 11/26/14 02:26:07 PM
#80653   I tried. Etrade won't let me. BOS 11/26/14 02:25:35 PM
#80652   Does this mean us investors/traders can buy up janice shell 11/26/14 02:24:34 PM
#80651   Yes; evidently. janice shell 11/26/14 02:23:03 PM
#80650   i am not arguing that. jesus get a grip. Nebuchadnezzar 11/26/14 01:55:25 PM
#80649   For every AAPL there are 1,000 SPNGs, CONVs, shajandr 11/26/14 01:53:22 PM
#80648   Look at the paper I posted on bar1080 11/26/14 01:53:16 PM
#80647   i own 1,000,000,000,000,000,000,000 shares of SHIT.PK Nebuchadnezzar 11/26/14 01:46:36 PM
#80646   I mod the two BRK boards. I make bar1080 11/26/14 01:39:36 PM