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gfp927z Member Profile gfp927z  
Saturday, June 16, 2012 9:12:52 PM
Re: None Post # of 12654 
From YH board -

(see below)

Not sure if this is what's happening, but the presence of Ironridge is a definite red flag for trouble. They are bad news -



http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_U/threadview?m=tm&bn=124209&tid=215&mid=215&tof=6&frt=2




>>> From the SEC website, i found this possible explanation...which given the recent volume and price decline combined with the Ironridge deal...seems to make sense:

The Off-Shore Scam Under a rule known as "Regulation S," companies do not have to register stock they sell outside the United States to foreign or "off-shore" investors. In the typical off-shore scam, an unscrupulous microcap company sells unregistered Reg S stock at a deep discount to fraudsters posing as foreign investors. These fraudsters then sell the stock to U.S. investors at inflated prices, pocketing huge profits that they share with the microcap company insiders. The flood of unregistered stock into the U.S. eventually causes the price to plummet, leaving unsuspecting U.S. investors with enormous losses.

As a reminder, Ironridge is an off shore corporation by an American attorney who has a long history of fraud charges brought against him. If this is the case, then a price of .0001 is a complete certainty...Soon. <<<



























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