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DD Support Board and Fraud Research Team

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Moderator: nodummy Assistants: scion, janice shell, Renee, integral, BigBake1, 236T568
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Last Post: 11/25/2015 4:33:39 PM - Followers: 1842 - Board type: Free - Posts Today: 15

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.



#90374  Sticky Note Complete list of SEC suspended stocks from January Renee 06/21/15 10:47:24 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
#99786   No. The company must, however, amend its janice shell 11/25/15 04:33:39 PM
#99785   Is an SEC filing required to reduce the AS? vp_007_99 11/25/15 04:25:15 PM
#99784   Apparently they aren't getting their monies worth. coinsguy 11/25/15 01:07:03 PM
#99783   Did you read the disclaimer on Small Cap I-Glow 11/25/15 12:25:51 PM
#99782   The government’s complaint further alleges that the defendants scion 11/25/15 11:37:44 AM
#99781   Justice Department Asks Federal Court to Shut Down scion 11/25/15 11:34:23 AM
#99780   11/23/2015 2 COMPLAINT for Permanent Injunction & Other Equitable scion 11/25/15 10:58:45 AM
#99779   Pacer update 24 Nov 15 - USA v. scion 11/25/15 10:58:19 AM
#99778   Utah, Nevada companies cited in case of solar-energy scion 11/25/15 10:57:05 AM
#99777   EPAZ ON R/S ALERT. NO BID/.0001! surfkast 11/25/15 10:45:57 AM
#99775   With 105 years and counting of being bearspread 11/25/15 09:23:34 AM
#99774   EPAZ always utilizes Illinois exception from having to aries4747 11/25/15 09:01:50 AM
#99773   Agreed re ELRA. Should ELRA do another one Renee 11/25/15 08:15:31 AM
#99772   What a joke ScamBotto 11/25/15 08:11:23 AM
#99771   BBDA CEO Brian Weber creating Robby Wells SuperPAC. elbiatcho1 11/24/15 10:06:11 PM
#99770   ELRA: a cumulative one for 300,000 reverse schplit. Renee 11/24/15 09:35:47 PM
#99769   Does the Streicher group of companies have a gitreal 11/24/15 07:14:12 PM
#99768   JMHO! BINGO! surfkast 11/24/15 07:00:29 PM
#99767   USPR, why would a mineral exploration company need gitreal 11/24/15 06:59:15 PM
#99766   As usual. Thank you and everyone on this surfkast 11/24/15 06:41:13 PM
#99765   I have never encountered Illinois statutes. But integral 11/24/15 06:34:32 PM
#99764   So the EPAZ pumpers claiming they can't do surfkast 11/24/15 06:28:14 PM
#99763   Cameron Cox, CEO of FUTL, says I am Ben Lurkin 11/24/15 06:16:09 PM
#99762   ELRA did three this calendar year. integral 11/24/15 05:27:48 PM
#99761   Thank you. I believe any restrictions may come surfkast 11/24/15 04:58:54 PM
#99760   Oh....I am not aware of any FINRA (steadfast) Renee 11/24/15 04:56:11 PM
#99759   Thank you. So the BS some posters put surfkast 11/24/15 04:49:47 PM
#99758   Re reverse splits, FINRA have been busy beavers Renee 11/24/15 04:46:52 PM
#99757   "why would you think that being on the loanranger 11/24/15 03:33:58 PM
#99756   gotta embed this one newmedman 11/24/15 02:58:57 PM
#99755   This dude is out of his mind. Must watch.......... newmedman 11/24/15 02:36:40 PM
#99754   Need some guidance. TRTC has been accused of Magnum7419 11/24/15 02:29:47 PM
#99753   Has FINRA cracked down on R/S for OTC surfkast 11/24/15 02:13:50 PM
#99752   Drove past BJ's ol' LCAP office recently in integral 11/24/15 12:29:44 PM
#99751   While it is artificial, I have a hard bearspread 11/24/15 12:21:06 PM
#99750   11/20/2015 8 NEW CASE ORDER upon filing of the scion 11/24/15 11:43:42 AM
#99749   Pacer update 23 Nov 15 - SEC v. scion 11/24/15 11:40:26 AM
#99748   11/23/2015 94 RESPONSE to Motion by USA as to scion 11/24/15 11:36:31 AM
#99747   Pacer update 23 Nov 15 - USA v. scion 11/24/15 11:32:33 AM
#99746   Salas and his buddies at Beaufort pulled the bearspread 11/24/15 11:31:36 AM
#99745   I've always been impressed by your research, loanranger. cowtown jay 11/24/15 11:26:52 AM
#99744   Janice, At the time that SPNGQ had about 2 cowtown jay 11/24/15 11:21:24 AM
#99743   Not that they have to be, but I cowtown jay 11/24/15 10:38:32 AM
#99742   Many states have adopted anti-SLAPP statutes in the surfkast 11/24/15 10:17:21 AM
#99741   Is the First Criminal Conviction for “Spoofing” a TechKim 11/24/15 10:06:02 AM
#99740   HOW I FELL FACE FIRST FOR AN EPIC scion 11/24/15 07:31:12 AM
#99739  Restored The court entered a final default judgment against scion 11/24/15 07:26:39 AM
#99738  Restored Pacer update 16 Nov 15 - Securities and scion 11/24/15 07:25:09 AM
#99737   Court Enters Final Default Judgment Against Defendant Jacob scion 11/24/15 07:19:33 AM
#99736   As to informants, I'd say they tell the janice shell 11/24/15 02:28:12 AM