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DD Support Board and Fraud Research Team

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Moderator: nodummy Assistants: scion, janice shell, Cassandra, Renee, BigBake1, 236T568
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Last Post: 3/30/2015 8:06:17 PM - Followers: 1774 - Board type: Free - Posts Today: 31

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 DEGREE....be 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.



#82477  Sticky Note Complete list of SEC suspended stocks from January Renee 01/01/15 10:45:22 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
#86165   lest we forget: MorningLightMountain 03/30/15 08:06:16 PM
#86164   Joseph Wade Mezey's companies and affiliates are doing surfkast 03/30/15 08:05:02 PM
#86163   Seems nobody has noticed over there that THCZ tdbowieknife 03/30/15 07:54:22 PM
#86162   A book topic: One of the finest books Renee 03/30/15 07:51:33 PM
#86161   UPDATE 1-Ackman says shutting Herbalife down is key scion 03/30/15 07:48:00 PM
#86160   Diego Pellicer faces subpoena, other problems in marijuana scion 03/30/15 07:25:53 PM
#86159   LOL did you see this? (EDIT: Sleepy2016 03/30/15 04:58:01 PM
#86158   Could be. If so, it's working. janice shell 03/30/15 03:57:03 PM
#86157   I really don't get it. Brad S 03/30/15 03:54:37 PM
#86156   "Stupify", perhaps? I really don't get it. janice shell 03/30/15 03:49:16 PM
#86155   Hi Janice: petermic 03/30/15 03:34:09 PM
#86154   Yes it does... janice shell 03/30/15 02:28:17 PM
#86153   It seems that Foley leaves a wake in TenKay 03/30/15 02:27:46 PM
#86152   Yes, I believe that was the intention. janice shell 03/30/15 02:12:13 PM
#86151   I took it as a "try that again" TenKay 03/30/15 02:10:27 PM
#86150   Yes, it was specific. But no actual janice shell 03/30/15 02:04:49 PM
#86149   Amazing. janice shell 03/30/15 02:03:48 PM
#86148   If you look at where the footnote is TenKay 03/30/15 02:01:39 PM
#86147   Former Federal Agents Charged With Stealing Bitcoin During scion 03/30/15 01:59:29 PM
#86146   In this case, the attorneys don't seem to janice shell 03/30/15 01:34:04 PM
#86145   Spring Break for Davey. shajandr 03/30/15 12:32:16 PM
#86144   Eleventh Circuit: Carlos Zelaya v. United States scion 03/30/15 11:23:24 AM
#86143   SEC Announces Fraud Charges Against Investment Adviser Accused scion 03/30/15 11:02:54 AM
#86142   And the Federal Rule for Appellate Procedure cited TenKay 03/30/15 10:47:36 AM
#86141   Janice Can you take a look at Texbanker 03/30/15 08:02:00 AM
#86140   03/25/2015 48 FILED MEMORANDUM DISPOSITION (M. MARGARET MCKEOWN, scion 03/30/15 07:36:48 AM
#86139   Pacer update 25 Mar 15 - USA v. scion 03/30/15 07:33:40 AM
#86138   Funny that you have a THINK BIG... image Nitwit 03/30/15 02:00:50 AM
#86137   Was that mean? Nitwit 03/30/15 12:44:49 AM
#86136   It was a warning. janice shell 03/30/15 12:33:09 AM
#86135   This was quite something: "We caution Foley's counsel Kitt Proimos 03/30/15 12:30:23 AM
#86133   Oops! Appeal was denied wink USA V. DAVID FOLEY, 236T568 03/29/15 10:27:58 PM
#86132   I see Nate like to give it in surfkast 03/29/15 10:00:28 PM
#86131   TRTC is the only company I've ever seen DrContango 03/29/15 09:45:32 PM
#86130   How interesting. And very brief. The janice shell 03/29/15 09:35:59 PM
#86129   Appeal was denied ;-) USA V. DAVID FOLEY, Nitwit 03/29/15 09:14:56 PM
#86128   Nope...but there is a whole lotta wrong in TenKay 03/29/15 04:32:58 PM
#86127   You know Nates is thinking about other products StockdungU 03/29/15 03:44:28 PM
#86126   TRTC is the only company I've ever seen Doc K 03/29/15 01:08:57 PM
#86125   That was one UGLY 10k for TRTC. Doc K 03/29/15 01:08:11 PM
#86124   PLKD Pleasant Kids Robert Rico DrContango 03/29/15 07:40:09 AM
#86123   Do you think Nit2win was wrong? Nitwit 03/29/15 05:02:06 AM
#86122   “The judicial review application was withdrawn by CEN scion 03/28/15 08:02:38 PM
#86121   A company that cannot post audited financials, should Arthur 03/28/15 07:57:11 PM
#86120   I agree that all public companies should be janice shell 03/28/15 07:34:22 PM
#86119   Sounds plausible. I just hope there is follow-through cyberbullymouse 03/28/15 07:29:12 PM
#86118   How hard is it to use the company's/CEO's cyberbullymouse 03/28/15 07:27:36 PM
#86117   Yes, CB-mouse. I seem to recall that Arthur 03/28/15 07:26:18 PM
#86115   Yes, the Billievers will always have Bill, and janice shell 03/28/15 07:22:31 PM
#86114   Well, I suppose because when you're trying a janice shell 03/28/15 07:21:11 PM