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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: 8/24/2016 3:32:29 PM - Followers: 1905 - Board type: Free - Posts Today: 12

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.



#109740  Sticky Note Complete list of SEC suspended stocks from January Renee 06/26/16 05:53:13 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
#111835   Yo shajandr or others with Patent expertise bearspread 08/24/16 02:00:31 PM
#111834   So....nine months after pleading guilty for these two janice shell 08/24/16 01:40:01 PM
#111833   In these penny stock restitution cases, very little janice shell 08/24/16 01:38:39 PM
#111832   So....nine months after pleading guilty for these two 236T568 08/24/16 12:39:23 PM
#111831   I think Spencer is in need of one MorningLightMountain 08/24/16 12:12:16 PM
#111830   he forgot about The Prisoner's Dilemma, apparently!!! MorningLightMountain 08/24/16 12:08:33 PM
#111829   he should be popular in prison with a MorningLightMountain 08/24/16 12:06:15 PM
#111828   But what do you think the chances are, 1manband 08/24/16 10:09:55 AM
#111827   Recidivist Securities Fraud Defendant Edward Durante Pleads Guilty scion 08/24/16 09:11:44 AM
#111826   Hard even to guess whether Turino is good janice shell 08/24/16 01:31:21 AM
#111825   This looks final: sidedraft 08/24/16 01:23:12 AM
#111824   I LOVE you guys! samsamsamiam 08/23/16 09:53:37 PM
#111823   I think it's a case of a Bloomberg janice shell 08/23/16 09:05:44 PM
#111822   It's called protective journalism where bloomberg doesn't want KittP 08/23/16 09:03:10 PM
#111821   Bullshit indeed. His other PRs are bullshit also. sidedraft 08/23/16 08:31:51 PM
#111820   what a crock of bullshit. lucky,mydog 08/23/16 08:16:04 PM
#111819   It makes very little sense, actually. Spoofing janice shell 08/23/16 08:08:37 PM
#111818   INTERESTING READING..... janetcanada 08/23/16 07:39:26 PM
#111817 lucky,mydog 08/23/16 06:41:42 PM
#111815   Thanks for clarifying. malc stone 08/23/16 04:57:44 PM
#111813   I'm fine with Flaherty and Brazil getting no nodummy 08/23/16 04:49:38 PM
#111812   I know I am new to posting but ssroderick 08/23/16 04:48:55 PM
#111811   Pathetic indeed. And this is precisely why malc stone 08/23/16 04:47:04 PM
#111810   You'd think Dick Weed, who after all is janice shell 08/23/16 04:17:48 PM
#111808   Interesting. But Bloomberg got this badly wrong: janice shell 08/23/16 03:21:14 PM
#111807   Penny-Stock Scammer Pleads Guilty to Fraud Hatched in Prison scion 08/23/16 02:47:58 PM
#111806   Good ole DickWeed... Churak 08/23/16 02:40:41 PM
#111805   That's a useful illustration of what a good janice shell 08/23/16 02:11:53 PM
#111804   Nope. janice shell 08/23/16 02:09:53 PM
#111803   SEC v. Richard Weed et al samsamsamiam 08/23/16 01:57:09 PM
#111802   Apollo Charged With Disclosure and Supervisory Failures scion 08/23/16 01:33:50 PM
#111801   Quiet morning on the board. Any Eade news? Doe 3 08/23/16 11:32:29 AM
#111800   GMGI - changed their stock transfer agent back samsamsamiam 08/22/16 04:00:47 PM
#111799   GMGI looks like a mirror to SIML but nodummy 08/22/16 03:26:01 PM
#111798   Supposedly, CDNL was paid about a third of gitreal 08/22/16 03:01:24 PM
#111797   You don't get much for $35 billion anymore LOL. kennypooh 08/22/16 02:14:19 PM
#111796   CDNL current price is $0.0111 236T568 08/22/16 01:59:39 PM
#111795   NERO/Neuromama actually some of these videos are pretty dang entertaining... samsamsamiam 08/22/16 01:55:39 PM
#111794   CDNL (Cardinal Resources) announced a share buyback program gitreal 08/22/16 01:12:18 PM
#111793   Yeah, he is also listed as the current malc stone 08/22/16 12:51:55 PM
#111792   Bay City Transfer Agency and Registrar, Inc. and samsamsamiam 08/22/16 12:45:55 PM
#111791   "In my opinion he belongs in jail." kennypooh 08/22/16 12:42:09 PM
#111789   Neither can Barton do much about it. There's samsamsamiam 08/22/16 11:37:01 AM
#111788   SEC NitPicking - well so much for Ken bearspread 08/22/16 11:14:29 AM
#111787   So, both PR's were issued on the same 236T568 08/22/16 11:13:25 AM
#111786   SEC NitPicking - well so much for Ken samsamsamiam 08/22/16 10:47:37 AM
#111785   Sweet!! That's a start. samsamsamiam 08/22/16 10:32:04 AM
#111784   SGBY Lab closed last week for ORELAP accreditation brothcheld 08/22/16 09:42:07 AM
#111783   Wait; the CEO was disciplined by the SEC, bearspread 08/22/16 09:07:49 AM
#111782   Ray Barton- MNZO; preannounced PRs out; flaflyersfan 08/22/16 07:53:20 AM