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Re: RiverNorth post# 30799

Monday, 05/25/2015 11:55:32 PM

Monday, May 25, 2015 11:55:32 PM

Post# of 40899
,,,,,,,Isn't hotstocks being investigated?????



I THOUGHT I READ THAT SOMEWHERE...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110103943

ABOUT HOTSTOCKED.COM..They are NOT an Authority..PLUS they had been sued for FRAUD..


You can't trust anything that the people at Hotstocked have to say. Period.

Let's have a quick look to see who is behind Hotstocked. How bad can they possibly be? They operate these sites like hotstocked.com and manipulate the market to steal money from all of us.

New article ABOUT Hotstocked.com..

This website has a history of posting negative information about penny stock investments. Do they do this out of the goodness of their own heart? I DONT THINK SO.

When you perform a Whois Internet database search of Hotstocked.com

http://www.networksolutions.com/whois-search/hotstocked.com

It turns out the Administrative contact for hotstocked.com is a man by the name of Colorado Stark. He places this business in BULGARIA.


Registrant:
Stara Zagora Kompani, OOD
1 ul. Raiko Daskalov
1st Floor
Plovdiv, Plovdiv 4000
Bulgaria


Here is a picture of our young Mr. Colorado Stark

http://lt.linkedin.com/pub/colorado-stark/0/416/2b5





Guess what else our wonderful Mr. Colorado Stark also runs.

http://www.enigmasoftware.com/

BUT WAIT IT GETS WORSE. Colorado Stark runs a scam spyware removal company software also know as "SPYHUNTER"

DONT TAKE MY WORD FOR IT. It's written all over the internet about our young little entreprenuer's software company ENIGMA SOFTWARE

( http://stockreich.com/hotstocked-precision-related-company-sued-fraud/)

and his fantanstic little spyware removal tool, that is probably stealing information from your computer for him.


http://www.complaintsboard.com/complaints/enigma-software-spyhunter-c40878.html

http://antivirus.about.com/b/2004/05/05/spyhunter-ad-campaign-an-enigma.htm

http://answers.yahoo.com/question/index?qid=20080719014257AAtZ8Zh

http://answers.yahoo.com/question/index?qid=20080719014257AAtZ8Zh


Here he is again just for a reminder.

http://lt.linkedin.com/pub/colorado-stark/0/416/2b5

Same dude that runs the bogus spyware company

http://www.networksolutions.com/whois-search/enigmasoftware.com

and the supposed "scam busting" investment website that produces articles and videos about small cap stocks.

http://www.networksolutions.com/whois-search/hotstocked.com


ITS THE SAME PERSON. Here is a picture of him on Hotstocked badmouthing some other company:

http://www.hotstocked.com/article/1970/cord-blood-america-inc-otc-cbai-share-dilution.html




************Hotstocked Precision Related Company Sued for Fraud**************

http://stockreich.com/hotstocked-precision-related-company-sued-fraud/


Jan. 14, 2013, was a black day for the owners of Hotstocked Precision. On that day their lawyers informed them that a class action complaint, which brought claims of ‘’breach of contract, promissory estoppel, fraud and misrepresentation’’, had been filed against Enigma Software Group LLC . But what is common between this company and Hotstocked Precision? The fact is both Enigma Software and the company holding the rights over Hotstocked Precision are run by the same people – Mr. Colorado Stark and Mr. Alvin Estevez.
The woes of Enigma Software customers.

Enigma Software Group, presided by Mr. Alvin Estevez and managed by Mr. Colorado Stark, has left a legion of outraged former customers in its wake. Reviews of fuming former users of SpyHunter, Enigma’s spyware removal tool, have flooded online forums, where the meticulous researcher can stumble upon all sorts of complaints against the company:
SpyHunter Users Fume over Software Issues:
• “I decided to pay 29.99 for this tool, clicked the button, and back came charge for $69.99! … This is a SCAM… do not fall for it,” says a visitor nicknamed Marilyn over at Scambook.
• “I’ve personally blacklisted Enigma as a software company. Like so many others, they use trick tactics in order to get you to purchase the software. Don’t buy their garbage. People who use trickery do not deserve honest customers,” says a visitor at avtivirus.about.com, nicknamed Not Impressed.
• At complainstboard.com you can find the following complaint by a visitor nicknamed Jimmytorz: “ They only want to trick you into subscribing for $80 a year recurring payments! Even if you opt out, they infect your computer catastrophically! These guys are criminals!”
• At Pcsupporthub a visitor nicknamed bdk says, “Spyhunter is well known “hostage ware” not only does it have a poor track record, the company has poor support and fails to find infections frequently.”
Among the avalanche of furious comments, it becomes obvious that Enigma Software’s clients were mostly plagued by two problems:
• unauthorized recurring charges on credit cards;
• and unresponsiveness to refund appeals.
A $5 mln Class Action Lawsuit vs Enigma Software
In light of this commotion, it so happened that one day an HR manager at Eddie Bauer, Nicole Sherrod, decided to buy a viral removal software from Enigma. The troubles for her started six months later, when she decided to cancel her account. As court documents show, Ms. Sherrod subsequently received a renewal notice for the software, despite the cancellation. She then contacted Enigma, canceled the subscription and received an official notice for this event. Regardless of this fact, Enigma Software subsequently renewed her subscription and charged her credit card $70. Ms Sherrod went on to request a refund but, according to court files, the company has not complied with that request.
Ms. Sherrod took this matter seriously and brought this case before the court, in the form of a class action complaint against Enigma Software Group LLC for the aggregate amount of $5 mln. It was as if the plea of Jack Platt, a visitor at about.com, “Why haven’t these scammers been slapped with a class action” had finally been answered. But… was it really?
In the course of the class action lawsuit, Enigma Software brought up records, showing that Ms. Sherrod had bought two subscriptions from the company and canceled only one of them and allowed the other one to renew. The court has granted Ms. Sherrod a Motion for Extension of Time, during which she can make additional discoveries and react to this turn of the tide.
All in all, it is still not clear whether Enigma Software is clean or not, as one year since the start of the lawsuit, the case is still going on and we are yet to hear the judge’s sentence. Meanwhile, however, complaints from Enigma Software’s former and current customers keep amassing. Just the other day, an outraged forum user exploded:
They are a big scam, too much of a hassle to deal with this company!
From SpyHunter to ”InvestorsHunter”

Mr. Alvin Estevez, President at Enigma Software Group and co-owner at Stara Zagora Company
Enigma Software Group is not the only channel through which Mr. Colorado Stark and Mr. Alvin Estevez carry out their business ideas. The two entrepreneurs also run Stara Zagora Company, a Bulgaria based company, which owns and operates an ex-stock promoting website called Hotstocked. There is no mistake – the Bulgarian trade registry clearly shows the names of Colorado Stark and Alvin Estevez as the company’s co-owners.
Starting with Mr. Colorado Stark, his Linkedin profile shows that he has a higher education in fashion and the invaluable experience of resurrecting twice from bankruptcy. Apparently, at some point of his life Mr. Stark dumped the stylish rags and delved into the broad world of financial markets.
A Broker Check for Colorado Stark at FINRA indicates that he had been a broker at five different financial companies between 1992 and 2004. According to this report, in 2000 Mr. Stark got involved in a customer dispute with allegations of “unsuitable margin activity, churning, risk exposure, and mishandling of the account as unethical and improper resulting in a loss of about $71,000”. However, later on, the customer had decided not to pursue this complaint.

Mr. Colorado Stark, manager and owner of hotstocked.com, operated by Stara Zagora Company, Bulgaria
Several years after he quitted his career as a broker, Colorado Stark relocated to Bulgaria, where labor is as cheap as dirt and laws are not as strict as in the US; and the hunt for investors continued, this time through a website called Hotstocked, which not so long ago participated actively in stock promotions of securities traded on the OTC and Pink Sheets exchange. In fact, testimony of this activity still remains on the website. Adding all the numbers disclosed on this page, it turns out the aggregate sum received by the owners of Hotstocked for their promotional activities amounts to $1,060,000, not including equity compensations.
That’s excellent news for the owners of Hotstocked and Enigma Software but what about the common investors playing on the small cap market? It looks like there are investors who do not keep good memories about the activities of Hotstocked and Mr. Colorado Stark:
Here are a couple of opinions from the Internet:
• A forum user at iHub, called RyGuy, openly claims that “Colorado Stark the man behind Hotstocked.com is a scam artist that runs EnigmaSoftware, the parent of SpyHunter. I would not trust a work he or hotstocked has to say, let alone the fact they are running hotstocked out of Bulgaria.” And here is another interesting find of RyGuy‘s, “How scummy can these people be, that operate these sites like hotstocked.com and manipulate the market to steal money from all of us.”
• “The hotstocked.com site that put out the article about GOSY has a bad reputation for misrepresenting information,” says Goku 77 over at iHub and adds some interesting finds.
• Another iHub user adds: “What do we expect from a paid for promotional site. They can be bought for a promotion but also for some truth. Like all those sites they publish what they are paid to publish be it good or bad, long as they’re paid that’s all they care about.”
• A comment at ripoffreport.com completely scathes the company saying, ” Hotstocked.com is a horrible company with a horrible reputation. I would never rely on them for any important decisions regarding stock or business. Run from this company. They should be put out of business.They are frauds, cheats, and liars!”
• “hotstocked is a total hack site…”, “Hotstocked.com is a complete scam run by the shorts, everyone knows it,” say Max Power and The Phoenix, iHub members.
Hotstocked’s promotional activity was so ostentatious that its campaigns attracted the watchful eye of the U.S. Securities and Exchange Commission (SEC). The story unfolded in the summer of 2011 when the SEC suspended trading in 17 microcap companies in order to “combat misrocap stock fraud”. After this intervention, which stirred the small cap market, the SEC commented that it was targeting “insiders and promoters” and “other “gatekeepers” who flourish in the shadows of this less-than-transparent market.” And which was the first website that the SEC listed under the section Excerpts From Internet Promotional Campaigns that accompanied the press release summarizing the event? It was Hotstocked and its materials on Calypso Wireless Inc. (PINK:CLYW).
From the “Shadows of This Less-than-transparent Market” Rises Hotstocked Precision

Hotstocked Precision 90% Accurate?
In the end, among this amazing cocktail of fashion, brokerage and stock promotion exercises, spawns Hotstocked Precision, a stock analysis software, which is advertised as being able to offer 90% accuracy. That’s a true goldmine, if we can trust the ads that spawn from every side of Hotstocked’s website!
So, have Mr. Stark and Mr. Estevez ditched promotions for the generous purpose of making common people rich with their “potent” tool? And have these hosts of complaining people been distorting the truth all this time?
A note at SpyWareWarrior from 2004 reads that: “Enigma’s SpyHunter anti-spyware application was listed on this page primarily because of the company’s history of employing aggressive, deceptive advertising (1, 2, 3, 4, 5). Sometime during summer of 2004 the company halted the most obnoxious and objectionable aspects of its online advertising”.
So, it looks like the owners of Hotstocked Precision are not inept at aggressive advertising. In fact, some investors have started expressing suspicions about the way Hotstocked Precision is advertised. After doing some online research, a member at Ihub, called Smiling_B, raised the question, “Does Brian Fisher (the guy who pops up at the beginning of Hotstocked Precision’s introductory video and who claims to be a publisher at Hotstocked) even exist?”
Regardless of the fact that, until now, this story has been elaborating in “morally gray areas”, one can also stumble upon some positive reviews about Hotstocked Precision. Here is what a guy nicknamed SantaCruzDog comments at investimonials.com: “I found this site with all the reviews and got worried for a second on my purchase decision until I realized these were from 2 years ago. I also wanted to make sure I wasn’t still being duped however so I went to their site and found their disclaimer which is a great sigh of relief.”

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