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You were almost right on this but as of now it had gotten up to .0067 that just a tad bit higher if I had the money I would have bought this. Thank you for letting me know how to spot a good thing I cant wait to see how this does at the end of the day.
Article: SEC ups efforts to combat manipulations of ‘microcap’ stocks
http://www.washingtonpost.com/business/economy/sec-ups-efforts-to-combat-manipulations-of-microcap-stocks/2013/11/28/588b1af2-576e-11e3-8304-caf30787c0a9_story.html
By Dina ElBoghdady, Published: November 28, 2013
The Securities and Exchange Commission is redoubling its effort to combat the manipulation of “microcap” stocks, opening about half a dozen investigations each month into schemes suspected of bilking mom-and-pop investors, agency officials said.
As the SEC describes it, the term microcaps typically refers to the low-priced shares offered by the smallest of public companies, the ones that do not qualify to be listed on the large national exchanges, often because their stock is too thinly traded or too cheap.
Instead, microcaps are bought and sold in the less regulated “over-the-counter” market, sometimes for less than a penny per share, without much information for investors to examine. All these factors make microcaps more susceptible to fraud, which is why the SEC is intensifying its enforcement efforts in that arena.
With a new chairman at its helm, and new chiefs leading the enforcement division, the agency created a 26-person task force in July devoted to rooting out microcap trading abuses. Since then, the agency has opened five or six microcap investigations a month, well above the previous year’s pace, agency officials said. The initiative builds on the efforts of a loosely-knit SEC working group created three years ago.
“For years, we did a number of these cases, but we didn’t attack it with a systematic approach,” said Andrew Ceresney, co-director of the SEC’s enforcement division. “We now have people focused on the area full-time for the first time, and by marshalling their expertise, we think we can make a difference.”
The classic microcap scams involve efforts to hype the value of a company’s stock by spreading false or misleading information via spam, online chat groups or even paid promoters. In July, the SEC accused two such promoters, Cort Poyner and Mohammad Dolah, of paying kickbacks to individuals who agreed to sell and purchase shares in two microcap firms, thereby boosting the firms’ stock volume and prices.
This type of illegal activity, if left unchecked, can lead to “pump and dump” schemes that profit company insiders or others who take part in the fraud, and hurt unsuspecting retail investors. As soon as the price moves up, these insiders dump the shares they bought on the cheap and walk off with the difference.
Attorneys representing Dolah and Poyner declined to comment.
The fraud can take shape in many forms, including arrangements that allow the stock’s issuers to say they’re raising money for one purpose when they actually intend to use it for another. In August, for instance, the SEC accused the chief executive of a Florida software company of hiring “boiler rooms” in Europe to raise money for his firm.
Through this scheme, John G. Rizzo attracted $2.5 million from 120 investors in Britain, the SEC said. He then allegedly used the money to pay commissions to the boiler room workers, and cover his personal expenses.
Rizzo’s attorney, Steven Goldsobel, could not be reached for comment.
This week the agency continued its push when it charged Curt Kramer and his firms with buying billions of shares in two microcap firms and then failing to register them before reselling them to investors. Kramer, who did not admit wrongdoing, agreed to pay $1.4 million to cover the illicit profits he made as well as penalties.
The arrangement between Kramer and one of the companies allegedly enabled him to buy shares of that company at fire sale prices when the company was in need of money for its operations. Kramer would then unload the shares for profit, the SEC said.
The agency said that going forward it will focus on repeat offenders, who account for a substantial amount of the fraud. It also is aggressively moving to suspend trading when it has reason to suspect misconduct. The agency has issued 90 trading suspensions so far this year, up 35 percent from the same period a year earlier. Most of the suspensions involved microcaps.
But making a dent in this corner of the market will be challenging, legal experts said.
“The problem with policing fraudulent microcaps is that they are like mushrooms,” said Adam C. Pritchard, a professor at the University of Michigan Law School. “They keep popping up no matter how many you shut down.”
ALU $4.42 a/o Dec 03, 2013
Market Value1 $8,344,950,340 a/o Dec 03, 2013
Shares Outstanding 2,318,041,761 a/o Mar 31, 2009
PARIS (Reuters) - Alcatel-Lucent could rejoin France's blue-chip CAC 40 index next month as the telecom gear maker's turnaround gains traction and its stock hits two-year highs, analysts and fund managers said.
http://uk.finance.yahoo.com/news/recovering-alcatel-lucent-seen-rejoining-174618597.html
Alcatel Lucent (NYSE:ALU) announced a dividend on Wednesday, November 27th, Stock Ratings Network reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.1754 per share on Thursday, December 19th. The ex-dividend date is Tuesday, December 3rd.
http://www.wkrb13.com/markets/233819/alcatel-lucent-declares-dividend-of-0-18-alu/
MNVN .0007 Volume
Released 8k in October increasing share structure.
...revised to increase the total authorized capital stock from 500,000,000 shares to 1,500,000,000 shares...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9550698
DSCR .0002 Discovery Minerals Ltd
Nevada, November 27, 2013 Discovery Minerals Ltd. (DSCR: OTC)
Discovery Minerals has retained IR specialists
http://www.otcmarkets.com/stock/DSCR/news/Discovery-Minerals-Update?id=72213
Market Value $331,480 a/o Nov 27, 2013
Shares Outstanding 1,657,399,727 a/o Jun 30, 2013
Float 41,346,330 a/o Apr 17, 2013
Authorized Shares 2,000,000,000 a/o Apr 17, 2013
IACH .0065
8k 11/15/13: Information Architects Corporation(otcbb: IACH) is pleased to announce the signing of a
definitive agreement to acquire The Dakota Creative Group, LLC, ("Dakota")which will
be a detailed developer of major theme parks.
Market Value $2,950,794 a/o Nov 27, 2013
Shares Outstanding 453,968,272 a/o Nov 19, 2012
Float Not Available
Authorized Shares Not Available
ILST .0031 International Star, Inc
ILST has the same CEO, Michael Shea, that was in control of GDSM during the trips to .03's run.
GDSM had a much larger share structure and ran to .034:
Float 2,310,887,086 a/o Nov 02, 2013
Authorized Shares 3,500,000,000 a/o Nov 02, 2013
One to watch here.
Filed Form 15: (Going dark) secrets?? R/M??
www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9598357
Market Value $353,415 a/o Nov 26, 2013
Shares Outstanding 294,512,274 a/o Nov 10, 2011
Float Not Available
Authorized Shares Not Available
GDSM January - March 2012
Yep! And look at that RSI back at 50. Also looks like MACD is gonna do a bullish cross some time this or next week.
Not sure if you saw my DD packet on MRIB, lots of good info in one post plus a video of the CEO interview.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94129283
NTEK .14 NanoTech Entertainment, Inc
Market Value $76,602,466 a/o Nov 08, 2013
Shares Outstanding 528,292,868 a/o Sep 30, 2013
Float 422,931,287 a/o Aug 05, 2013
Authorized Shares 740,000,000 a/o Sep 30, 2013
...........................Q3(Sep '13) 2013
Net profit margin.......... 2.37% -26.63%
Operating margin........... 2.37% -26.63%
EBITD margin................... - -17.54%
Return on average assets. 49.78% -135.51%
Return on average equity 118.15% -
Individual Taxes
America’s individual tax code applies relatively high marginal tax rates on a narrow tax base. Those high rates discourage work and entrepreneurship, as well as savings and investment. With 54 percent of private sector workers employed outside of corporations, individual rates also define the incentives for job-creating businesses. Lower marginal tax rates secure for all Americans the economic gains from tax reform.
•Make permanent, across-the-board 20 percent cut in marginal rates
•Maintain current tax rates on interest, dividends, and capital gains
•Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
•Eliminate the Death Tax
•Repeal the Alternative Minimum Tax (AMT)
www.mittromney.com/issues/tax
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Battlefield Stocks
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