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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: 8/28/2015 1:17:08 AM - Followers: 1821 - Board type: Free - Posts Today: 44

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
#94557   I am sure FINRA already pulled the blue integral 08/28/15 01:22:32 AM
#94556   I consider myself a lucky one. I Skiluc 08/28/15 01:19:19 AM
#94555   Ill have to say, this is a new integral 08/28/15 01:18:51 AM
#94554   Oh God. You make a good point. janice shell 08/28/15 01:17:08 AM
#94553   and I would agree also 236T568 08/28/15 01:16:19 AM
#94552   I really hope those that reinvested their dividend johnet 08/28/15 01:14:51 AM
#94551   I'm not beating ne1 when they're done...tried warning doogdilinger 08/28/15 01:14:24 AM
#94550   Just my thoughts Skiluc 08/28/15 01:12:59 AM
#94549   Not arguing that at all at this point, Skiluc 08/28/15 01:11:34 AM
#94548   Agreed, talk about a chitstorm of insanity as doogdilinger 08/28/15 01:10:24 AM
#94547   To answer your earlier question, I agree with integral 08/28/15 01:05:33 AM
#94546   Oh, I don't think anyone at IHub has janice shell 08/28/15 01:04:53 AM
#94545   Personally I think it is just people trying Skiluc 08/28/15 01:02:39 AM
#94544   Yep, they can trace any trade, but to Sibware 08/28/15 01:00:39 AM
#94543   They probably don't begin to understand what the janice shell 08/28/15 12:54:32 AM
#94542   LOL!! Not with tracing trades. Whether janice shell 08/28/15 12:53:52 AM
#94541   Yes. I think there will be an janice shell 08/28/15 12:53:14 AM
#94540   It seems a number of entities were involved. janice shell 08/28/15 12:52:37 AM
#94539   The new twists on the scams never cease doogdilinger 08/28/15 12:45:42 AM
#94538   Luck??? You mean that they may need your Sibware 08/28/15 12:44:46 AM
#94537   That makes sense to keep the FINRA U-3 Renee 08/28/15 12:44:42 AM
#94536   The 327M shares COR is referring to, could Skiluc 08/28/15 12:43:04 AM
#94535   I'm sure he's been busy on the phone today... janice shell 08/28/15 12:42:30 AM
#94534   I don't think anyone has seen anything like janice shell 08/28/15 12:41:47 AM
#94533   I'm going with "never"... janice shell 08/28/15 12:41:12 AM
#94532   Extraordinary and elaborate. FINRA and possibly the SEC Renee 08/28/15 12:40:25 AM
#94531   If indeed there is no functional company with janice shell 08/28/15 12:40:09 AM
#94530   Oh yes. The extra mile. And more. janice shell 08/28/15 12:38:05 AM
#94529   That's a good one. Made for an Ben Lurkin 08/28/15 12:36:16 AM
#94528   It is indeed. janice shell 08/28/15 12:34:26 AM
#94527   With luck, FINRA will be able to trace janice shell 08/28/15 12:33:30 AM
#94526   Yes. I take back everything I said janice shell 08/28/15 12:31:55 AM
#94525   It's certainly something new...I haven't seen anything quite MIKEY501 08/28/15 12:30:58 AM
#94524   It's even more extraordinary than I could possibly janice shell 08/28/15 12:28:29 AM
#94523   because it is non reporting, FINRA may keep integral 08/28/15 12:25:36 AM
#94522   Perhaps it's an offshore entity. That wouldn't janice shell 08/28/15 12:22:56 AM
#94521   There is one possibility of a short that integral 08/28/15 12:22:15 AM
#94520   CRGP: If indeed there is no functional company Renee 08/28/15 12:19:38 AM
#94519   Some people are still talking shorts over there. johnet 08/28/15 12:16:06 AM
#94518   It was a dividend scam alright, just far Realityhurts 08/28/15 12:13:11 AM
#94517   I don't know who Adam is. But integral 08/28/15 12:12:24 AM
#94516   Wow, I have to tip my hat to Realityhurts 08/28/15 12:10:19 AM
#94515   Wow this is more wild than even we MIKEY501 08/28/15 12:07:42 AM
#94514   So the company is one the hook for BONESPUR 08/28/15 12:03:16 AM
#94513   Yep, one of the top scam i've seen... Sibware 08/27/15 11:53:37 PM
#94512   And what happens to the common shareholder? Skiluc 08/27/15 11:51:22 PM
#94511   Shareholders got scammed, this was a well played integral 08/27/15 11:48:57 PM
#94510   Oh, this is EPIC. Amazing you picked integral 08/27/15 11:45:31 PM
#94509   Thanks BONESPUR 08/27/15 11:43:31 PM
#94508   Agree, the co. is surely the problem, but Sibware 08/27/15 11:43:22 PM