Saturday, May 06, 2017 4:01:46 PM
Outside of money laundering, bond fraud, or something esoteric, the only way a Pinky gets investigated is when an illegal stock dump in violation of Rule 144 occurs.
In theory they could do a reverse split everyday. But in practice by the time the TA tells FINRA they are ready, the R/Ss would be stacked on top of each other. Each representing a couple of weeks to actually occur.
If anything a R/S every few years or less should make it easier for a Microcrap scam to avoid a Rule 144 violation, and subsequent investigation. Much easier to dump fewer shares at a higher price, and not flock up. Than dumping upwards of billions at 0001. Having multiple of helpers in the dump.
As I posted prior, Clay screwed up. The steps are: R/S, and then announce a new scam. Wait 60 days, and perform a ticker name change. Attract a new crowd of retail. Instead Clay announced a new scam angle, and tried a few lame pumps. He desperately needs a R/S. But that would imply yet a new pump scam angle. This time with a little more effort, and imagination on his part. Mining, oil, MJ... what's left that's a hot scam area? Meanwhile those who "invested" in the MJ scam angle get burned. It's all backwards.
The Jewel of the Mind is Colored with the Hue of what it Imagines
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