Welcome! to the TXHD Board - Textmunication Holdings, Inc
For up to the minute Press Releases and Company updates Text TXHD to 87365
Textmunication (OTC: TXHD) lost over 99% of its value between February 2016 and November 2016. The share price on February 18, 2016 traded as high as $0.1309 and on November 15, 2016 traded at $0.0006.
NOTICE TO TEXTMUNICATION INVESTORS WHO HAVE SUFFERED LOSSES
It was reported by Flex on April 22, 2016 that certain parties were given free trading shares to "dump on" TXHD.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122123171 Investors who were enticed to purchase TXHD based on false or misleading information can file an online complaint at the SEC Enforcement Tips and Complaints portal:
Additional information about fraud or wrongdoing involving potential violations of the securities laws can be found on the SEC website:
SECURITIES AND COMMODITIES FRAUD The continuing integration of global capital markets has created unprecedented opportunities for U.S. businesses to access capital and investors to diversify their portfolios. Whether through individual brokerage accounts, college savings plans, or retirement accounts, more and more Americans are choosing to invest in the U.S. securities and commodities markets. This growth has led to a corresponding rise in the amount of fraud and misconduct seen in these markets. The creation of complex investment vehicles and the tremendous increase in the amount of money being invested have created greater opportunities for individuals and businesses to perpetrate fraudulent investment schemes.
Market manipulation: These “pump and dump” schemes are based on the manipulation of lower-volume stocks on small over-the-counter markets. The basic goal of market manipulation frauds is to artificially inflate the price of the penny stocks so that the conspirators can sell their shares at a large profit. The “pump” involves recruiting unwitting investors through false or deceptive sales practices, public information, or corporate filings. Many of these schemes use boiler room methods where brokers—who are bribed by the conspirators—use high pressure sale tactics to increase the number of investors and, as a result, raise the price of the stock. Once the target price is achieved, the perpetrators “dump” their shares at a huge profit and leave innocent investors to foot the bill.
If you would like to report financial fraud, please contact the FBI at 202.324.3000 or online at https://tips.fbi.gov. You may also wish to contact the United States Attorney's Office where you are located or where the fraud was committed. Visit the Offices of the United States Attorneys for a list of the 93 United States Attorney's Offices and links to their websites. In addition, certain government agencies target particular types of financial fraud.
CONTACT Email: [email protected]
TWEET FROM TXHD MANAGEMENT ON 11/07/2016 CONCERNING TOXIC DEBT: "...Textmunication Holdings, Inc. previously took out several loans from various lenders that were memorialized with Convertible Promissory Notes that have since come due (see TXHD filings & disclosures). Unfortunately several of the lenders have decided to convert their debt into shares and unfortunately are selling their stock without any regard for the impact it is having on the TXHD stock price or the investors. This sale of stock is what has caused the rapid decline in the TXHD share price over the past few weeks. TXHD is not promoting the stock and none of the officers or control people of the Company have sold any shares during this time period.
The Good news is that by the first quarter of 2017 Textmunication will be free of all "toxic debt" and therefore will not have constant selling pressure on the stock. Furthermore, the private side of the TXHD is growing exponentially and revenues have substantially increased over the past two years and are projected to increase even further in 2017. The stock will probably look very ugly while these toxic lenders are selling their shares, but you can be certain that myself and the Company as a whole will do what is best for the Company, the stock, and its shareholders. Textmunication will provide updates to shareholders regarding the steps that will be taken to rectify this current situation. ..." https://twitter.com/search?src=typd&q=%24txhd
+++ UNITED STATES NOTICE IS HEREBY GIVEN that the following actions have been approved pursuant to the written consent of the holders of a majority of the voting power of the outstanding capital stock of the Company dated November 14, 2016, in lieu of a special meeting of the shareholders.
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14C INFORMATION Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934
| ||1. ||To authorize the board of directors of the Company to amend its Articles of Incorporation to increase the number of authorized shares of common stock of the Company, par value $0.0001 per share (the “ Common Stock ”) from 250,000,000 to 4,000,000,000 shares. |
Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, the actions described herein will not be implemented until a date at least 20 days after the date on which this Information Statement has been mailed to the shareholders. The Company anticipates that the amendments discussed above will be effected on or about the close of business of December 19, 2016. http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11708686 +++ As of December 13, 2016 stockcharts.com stopped supporting TXHD.
Due to a combination of:
- third-party reports that parties were given shares free trading shares to dump on TXHD
- a price rise to $0.1309 and a subsequent dump to $0.0006
- TXHD management filing a Form 14C to increase the Authorized Shares from 250,000,000 to 4,000,000,000
Prospective investors are cautioned that further share dumping is an ongoing concern in TXHD until management reports to the market via an 8-K changes to its internal controls that will ensure no further toxic dumping occurs.
WHAT TXHD's PUMP AND DUMP CHART LOOKS LIKE: date range: July 1, 2015 - January 9, 2017
The basic goal of market manipulation frauds is to artificially inflate the price of the penny stocks so that the conspirators can sell their shares at a large profit. The “pump” involves recruiting unwitting investors through false or deceptive sales practices, public information, or corporate filings. Many of these schemes use boiler room methods where brokers—who are bribed by the conspirators—use high pressure sale tactics to increase the number of investors and, as a result, raise the price of the stock. Once the target price is achieved, the perpetrators “dump” their shares at a huge profit and leave innocent investors to foot the bill.
-- Note the rise in price on low volume through February 2016 up to $0.1309
-- Flex informs the market that several penny stock promoters receive free trading shares in April 2016
-- Note the subsequent dump in price on high volume from mid-September 2016 onward down to $0.0006 t
The chart above is out of date.
Short and distort Scheme
From Wikipedia, the free encyclopedia
"Short and distort" is a type of securities fraud in which Internet investors short sell a stock and then spread negative rumors about the company in an attempt to drive down stock prices.
One way of shorting and distorting involves the sale of a security that is not even owned by the seller, but is either rented or borrowed, with the specific purpose of selling it to another person, then spreading untruthful, negative information to tank its stock price.
It is often performed as a form of naked short selling in which stock is sold without being borrowed and without any intent to borrow. Once the stock price has declined, the investor uses the proceeds of the initial sale to buy a larger number of the company's shares than sold originally. Some of the newly purchased stock is used to fulfill the short-selling contract; the remaining shares are then offered for sale, which causes an additional decline in the company's share price.
During the takeover of The Bear Stearns Companies by J.P. Morgan Chase in March 2008, reports swirled that short sellers were spreading rumors to drive down Bear Stearns' share price. Democratic Senator Christopher Dodd felt this was more than rumors and said, "This is about collusion." Chase was victimized by a similar "short and distort" scheme six years earlier when rumors arose about its purported relationship with Enron.
WHAT IS A 'BEAR RAID'
A bear raid is the illegal practice of ganging up to push a stock's price lower through concerted short selling and spreading adverse rumors about the targeted company. A bear raid is sometimes resorted to by unscrupulous short sellers who want to make a quick buck from their short positions. A bear-raid target is generally a company that is going through a challenging period, since its vulnerable position makes it easy fodder for short sellers. While short selling per se is perfectly legal, coordinated short selling is viewed as market manipulation by the Securities and Exchange Commission (SEC), while spreading false rumors is tantamount to fraudulent activity. Bear Raid taking place now!
Why TXHD is being attacked.
Show the judge this….
Cellar Boxing Part 1
There’s a form of the securities fraud known as naked short selling that is becoming very popular and lucrative to the Market Makers that practice it. It is known as “Cellar boxing” and it has to do with the fact that the NASD and the SEC had to arbitrarily set a minimum level at which a stock can trade. This level was set at $.0001 or one-one hundredth of a penny. This level is appropriately referred to as “the cellar”. This $.0001 level can be used as a “backstop” for all kinds of market maker and naked short selling manipulations.
“Cellar boxing” has been one of the security frauds du jour since 1999 when the market went to a “decimalization” basis. In the pre-decimalization days the minimum market spread for most stocks was set at 1/8th of a dollar and the market makers were guaranteed a healthy “spread”. Since decimalization came into effect, those one-eighth of a dollar spreads now are often only a penny as you can see in Microsoft’s quote throughout the day. Where did the unscrupulous MMs go to make up for all of this lost income? They headed “south” to the OTCBB and Pink Sheets where the protective effects from naked short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are nonexistent.
The unique aspect of needing an arbitrary “cellar” level is that the lowest possible incremental gain above this cellar level represents a 100% spread available to MMs making a market in these securities. When compared to the typical spread in Microsoft of perhaps four-tenths of 1%, this is pretty tempting territory. In fact, when the market is no bid to $.0001 offer there is theoretically an infinite spread.
In order to participate in “cellar boxing”, the MMs first need to pummel the price per share down to these levels. The lower they can force the share price, the larger are the percentage spreads to feed off of. This is easily done via garden variety naked short selling. In fact if the MM is large enough and has enough visibility of buy and sell orders as well as order flow, he can simultaneously be acting as the conduit for the sale of nonexistent shares through Canadian co-conspiring broker/dealers and their associates with his right hand at the same time that his left hand is naked short selling into every buy order that appears through its own proprietary accounts. The key here is to be a dominant enough of a MM to have visibility of these buy orders. This is referred to as “broker/dealer internalization” or naked short selling via “desking” which refers to the market makers trading desk. While the right hand is busy flooding the victim company’s market with “counterfeit” shares that can be sold at any instant in time the left hand is nullifying any upward pressure in share price by neutralizing the demand for the securities. The net effect becomes no demonstrable demand for shares and a huge oversupply of shares which induces a downward spiral in share price.
In fact, until the “beefed up” version of Rule 3370 (Affirmative determination in writing of “borrowability” by settlement date) becomes effective, U.S. MMs have been “legally” processing naked short sale orders out of Canada and other offshore locations even though they and the clearing firms involved knew by history that these shares were in no way going to be delivered. The question that then begs to be asked is how “the system” can allow these obviously bogus sell orders to clear and settle. To find the answer to this one need look no further than to Addendum “C” to the Rules and Regulations of the NSCC subdivision of the DTCC. This gaping loophole allows the DTCC, which is basically the 11,000 b/ds and banks that we refer to as “Wall Street”, to borrow shares from those investors naive enough to hold these shares in “street name” at their brokerage firm. This amounts to about 95% of us. Theoretically, this “borrow” was designed to allow trades to clear and settle that involved LEGITIMATE 1 OR 2 DAY delays in delivery. This “borrow” is done unbeknownst to the investor that purchased the shares in question and amounts to probably the largest “conflict of interest” known to mankind. The question becomes would these investors knowingly loan, without compensation, their shares to those whose intent is to bankrupt their investment if they knew that the loan process was the key mechanism needed for the naked short sellers to effect their goal? Another question that arises is should the investor’s b/d who just earned a commission and therefore owes its client a fiduciary duty of care, be acting as the intermediary in this loan process keeping in mind that this b/d is being paid the cash value of the shares being loaned as a means of collateralizing the loan, all unbeknownst to his client the purchaser..
A Major SHORT SQUEEZE is COMING.The MMs will not be able to cover.
Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "failure to deliver". The transaction generally remains open until the shares are acquired by the seller, or the seller's broker settles the trade.
Short selling is used to anticipate a price fall, but exposes the seller to the risk of a price rise.
In 2008, the SEC banned what it called "abusive naked short selling" in the United States, as well as some other jurisdictions, as a method of driving down share prices. Failing to deliver shares is legal under certain circumstances, and naked short selling is not per se illegal. In the United States, naked short selling is covered by various SEC regulations which prohibit the practice.
Critics, including Overstock.com's Patrick M. Byrne, have advocated for stricter regulations against naked short selling. In 2005, "Regulation SHO" was enacted; requiring that broker-dealers have grounds to believe that shares will be available for a given stock transaction, and requiring that delivery take place within a limited time period.
As part of its response to the crisis in the North American markets in 2008, the SEC issued a temporary order restricting short-selling in the shares of 19 financial firms deemed systemically important, by reinforcing the penalties for failing to deliver the shares in time. Effective September 18, 2008, amid claims that aggressive short selling had played a role in the failure of financial giant Lehman Brothers, the SEC extended and expanded the rules to remove exceptions and to cover all companies, including market makers.
A 2014 study by researchers at the University at Buffalo, published in the Journal of Financial Economics, found no evidence that failure to deliver stock "caused price distortions or the failure of financial firms during the 2008 financial crisis" and that "greater FTDs lead to higher liquidity and pricing efficiency, and their impact is similar to our estimate of delivered short sales." 
Some commentators have contended that despite regulations, naked shorting is widespread and that the SEC regulations are poorly enforced. Its critics have contended that the practice is susceptible to abuse, can be damaging to targeted companies struggling to raise capital, and has led to numerous bankruptcies. However, other commentators have said that the naked shorting issue is a "devil theory", not a bona fide market issue and a waste of regulatory resources