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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: 1/25/2015 2:00:40 AM - Followers: 1768 - Board type: Free - Posts Today: 1

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.



#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
#83690   MDBX - Three days in the life of 236T568 01/25/15 02:00:40 AM
#83689   "Why work when you have perfect weather, a shajandr 01/24/15 11:23:43 PM
#83688   Former head of risk at MS involved too. Realityhurts 01/24/15 08:50:06 PM
#83687   The Communist City of Santa Monica parks a 236T568 01/24/15 08:00:59 PM
#83686   I never even mentioned the bread bowl. ;-) newmedman 01/24/15 06:25:22 PM
#83685   LOLOLOLISMO, as Janice would say. integral 01/24/15 05:42:11 PM
#83684   Didn't even have to go to a Burmese newmedman 01/24/15 05:41:31 PM
#83683   good one integral... croptop 01/24/15 05:38:55 PM
#83682   Scammer scamming a scammer. integral 01/24/15 05:33:41 PM
#83681   Indiana church sues JPMorgan for millions newmedman 01/24/15 04:50:08 PM
#83680   No, they weren't really doing it alphabetically. janice shell 01/24/15 04:23:42 PM
#83679   "They took out tons of delinquent filers, suspended loanranger 01/24/15 04:09:23 PM
#83678   Wow. Amazing how long that took! rbtree 01/24/15 04:02:13 PM
#83677   "Often when the SEC revokes registration for delinquent loanranger 01/24/15 03:52:17 PM
#83676   That is just insane. Doc K 01/24/15 03:25:30 PM
#83675   lol, that does sometimes happen. I mean, janice shell 01/24/15 03:23:04 PM
#83674   It is especially galling since he is issuing 1manband 01/24/15 03:22:46 PM
#83673   Not in the case of IJJP. Same scumbag cyberbullymouse 01/24/15 03:20:48 PM
#83672   It sounds impressive, but… I think the janice shell 01/24/15 03:19:37 PM
#83671   doh! wrong place ;-) cyberbullymouse 01/24/15 03:19:20 PM
#83670   PVSP applied for a 12-15G last year, but Arthur 01/24/15 03:17:55 PM
#83669   The BCSC is very good at leveling fines, 1manband 01/24/15 03:16:03 PM
#83668   Well… We knew they did it. janice shell 01/24/15 03:02:32 PM
#83667   Usually what that really is, is a hijacking. janice shell 01/24/15 03:00:50 PM
#83666   At least they got $35 in cash for 1manband 01/24/15 02:57:32 PM
#83665   I am wondering if this level of corruption Crusen 01/24/15 02:55:22 PM
#83664   Are they audited? OR OTC unaudited? integral 01/24/15 02:53:37 PM
#83663   Duh. Didn't seem to faze them in Arthur 01/24/15 02:50:02 PM
#83662   The next sound you hear will be "Where janice shell 01/24/15 02:46:43 PM
#83661   Mr. Lacasse prefers not to say how much scion 01/24/15 02:44:33 PM
#83660   Joseph Wade starting a new scam? surfkast 01/24/15 02:41:13 PM
#83659   Did you read CFR 229.404, he was a integral 01/24/15 02:32:58 PM
#83658   Today VSTR is at $0.0100, so the current Arthur 01/24/15 02:29:33 PM
#83657   Bill Chaaban and his buddies probably put Detroit newmedman 01/24/15 02:29:23 PM
#83656   Alberta Court decision in Sunpeaks Ventures investigation. 1manband 01/24/15 02:27:43 PM
#83655   Is a company required to maintain their registration janice shell 01/24/15 02:24:56 PM
#83654   HAHA! cyberbullymouse 01/24/15 02:23:11 PM
#83653   For the money, its cheaper to have a integral 01/24/15 02:21:29 PM
#83652   Yeah, that was a hilarious discussion. IIRC, then cyberbullymouse 01/24/15 02:21:03 PM
#83651   $299 in assets, I have to laugh. integral 01/24/15 02:19:51 PM
#83650   Remember SKTO tried to allude that they paid integral 01/24/15 02:19:00 PM
#83649   Just messing around. I love Santa Monica/Venice, especially cyberbullymouse 01/24/15 02:18:33 PM
#83648   Yah, Newport Beach was popular scam spot in integral 01/24/15 02:17:21 PM
#83647   Very nicely done! janice shell 01/24/15 02:15:50 PM
#83646   Oh man, the park along Ocean Ave. is integral 01/24/15 02:15:40 PM
#83645   BCSC hands down Sungro stock manipulation decision. 1manband 01/24/15 02:14:18 PM
#83644   Even worse, when they act like shelling out cyberbullymouse 01/24/15 02:11:21 PM
#83643   I misspoke. Meant to say Newport Beach. bar1080 01/24/15 02:10:27 PM
#83642   He rubbed shoulders with a premier and is 1manband 01/24/15 02:08:26 PM
#83641   Aside from the outrageous real estate costs and cyberbullymouse 01/24/15 02:08:22 PM