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Re: TheExpertHimself post# 71481

Friday, 11/21/2014 12:24:49 PM

Friday, November 21, 2014 12:24:49 PM

Post# of 80866
Expert,

Insiders often make these nominal purchases to show up on the Penny Stock Newsletter filters that list recent insider buyers in an attempt to successfully attract a segment of unsophisticated and desperate penny stock players. Remember churn and attract is an important aspect of this type of fraud. It is a tried and true form of "the shell game" to catch the mark watching the pea while the shells are going round and round.

Another more related example is the thoroughbred owner conspicuously placing a $1,000 dollar win bet at the window at the track 25 minutes before post all the while bellowing how great his horse is doing. At 5 minutes to post his shill goes back to the window, requests a refund on the owners ticket and places a $1,000 wager on the horse they really like to win and creating a much higher payout or return if successful. It's called "seeding the pools" and meant to attract unsophisticated players who can't disseminate information and fall prey to "insiders must know something is going to pop" much like bb33.

Greenwell just bought 1000 shares, he must know something. Brad just put out a new flavor of CC, he must know something. etc.....

The SEC will not be impressed.