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Reading citron as well, who knows his agenda. But.. the very first graphic where it says "2700 people become millionaires daily" is an open boast that may not be an obvious link to Shop. All the rest can be directly assumed as Shop claims about itself with little wiggle room. Have not read the complete piece yet but is an interesting take on it.
That would have been even worse.
On a different note, I have a Sony 4k UHD and my installer has had cable plugged into HDMI 1. I have HDMI/ARC 3 input, while
I have read about it, does it really make a difference? I just swapped it out today, don't know why. My eyes are so bad, and my hearing too, years of jet engines. What am I looking/listening for?
Yes, that's true. Clearly not all toxic funders are having problems, because there's still plenty of dumping going on.
But it has become an issue for a few.
I’ve heard it reported that some of his shots hit tanks of jet fuel stored on property leased by the nearby airport. Still unknown if he was intentionally trying to trigger a massive deadly explosion. Can you imagine it being worse? This one horrible event brings so many things into question.
Rule 144 is not the only way to sell restricted stock. Especially if you are a toxic funder with many lawyers.
Lack of current information is supposed to stop the utilization of Rule 144 (but in practice, it often does not thanks to unscrupulous lawyers and transfer agents who ignore the law). But there is always Section 4(1) opinions, which are actually easier to get if the Company is delinquent. No shortage of lawyers advertising they will write such an opinion for cash, and plenty of the toxic death spiral funders are utilizing that option to dump stock. It has become significantly more common in the last 3 years.
Yes. He was certainly very thorough.
According to this poster an OTC Stop sign means there can't be dilution on a Penny stock....
Depends on what's meant by "dilution". It IS true that nowadays very few brokers will accept deposit of stock in companies that have been flagged with a stop sign. While OTCMarkets isn't a regulator, Rule 144 does require that "current information" about the company be available. If the company has a stop sign, the brokers assume there is no current info. Sometimes they even balk at companies with yield signs.
And so some toxic funders are finding themselves stuck with free trading stock they can't sell.
Yup. I'm sure you've seen the reports that he had multiple security cameras outside the room..which he monitored on a tablet....so he knew when they were headed his way.
Yes, it seems he did. Though apparently he decided to kill himself, and did so, before they blew off the door. I guess he realized the jig was up.
No they waited until the swat team showed up with explosive charges to take down the door. All indications were he had a virtually unlimited amount of ammunition.
I suppose they just stood back and waited for him to finish. After all, while he was shooting through the door, he wasn't shooting down at the crowd.
Correct. Law enforcement would not have blindly shot through the closed door without knowing what was behind it. For all they knew hostages could have been held inside.
I think if they announce he had large amounts of cash on hand it will be clear he had planned to escape.
Maybe. But after all, he gambled large amounts, and had been doing that for a week. So if he'd had a lot of cash at the ready, it wouldn't have been all that surprising.
Seems to be plenty of time for this guy to run back and forth if he did so.
I agree.
I must have missed the report about 200 rounds in the hallway. Is that from law enforcement or the murderer?
From Paddock, according to the sheriff.
Oh, I see. And in the photo with the room service cart, only the standing door is visible.
Yes, he got comped for two adjoining suites, so two separate entrance doors. Not sure which one SWAT breached, but it's entirely possible Mr. Campos pounded on the other door.
So looks like he shot the jet fuel tanks across from the concert. His intention could very well have been to cause an explosion and then take off in the chaos.
I think if they announce he had large amounts of cash on hand it will be clear he had planned to escape.
Thanks Triple. I know more than a little about ecommerce and I've been mystified for some time by SHOP's high valuation. Will start following it.
SHOP's taken a tumble this week. Down about 20%
I kinda got the sense the Sheriff was voicing his frustrations. Surely the FBI has taken over every single aspect of this investigation by now and perhaps he doesn't believe they are focusing on that possibility.
Yes. I thought it was that, too. He seemed tired, and probably was tireder than he looked. Still, though, saying that kind of thing is irresponsible.
He registered the room in his girlfriends name, and then wired her money. Was that intended as a diversion? As the son of an FBI's Most Wanted father, perhaps he indented to go on the run. If he had large amounts of cash in that room or in the car it would suggest that.
I think the Mandalay Bay security guard, Mr. Campos, is the hero that threw a monkey wrench in the shooter's original plan.
I think you're right about that. And the sheriff did hint at it. When someone asked if he thought Paddock intended to die in the room, he said "no". But he didn't offer any explanation.
Paddock may have believed there'd be so much confusion he'd be able to slip away. The big hotels on the Strip are rabbit warrens. All the floors are alike, and there're a number of different elevator banks, not all of them going to the same floors. And although there're usually security guards by those elevators on the ground or first floor, wanting to see visitors' keycards, he might have thought they'd be called away when the shooting began.
Something I thought strange: The sheriff said Paddock had shot 200 rounds "through the door", into the hallway. But there were photos of the door with the room service cart placed in front of it. Not a single bullet hole in it that I could see. Was there more than one door to the suite?
Which email?
Lol well actually I know plenty about ONE promo group as I am folllowimg them right now! Same group as on ETST right now and have been for awhile.I think they rotate their promo sites for different stocks so as not to appear as coming from one source.
The promo groups in the past few days deleted their tweets. As I said not sure if related to paid promo they had with suspended GRUI - which was also had a paid promo.
I found some interesting stuff but am waiting a bit longer to post it as I don't want the evidence deleted.
$SHOP "THE HOTTEST STOCK ON THE NASDAQ IS … A COMPLETELY ILLEGAL GET-RICH-QUICK SCHEME (WITH A GOOD SOFTWARE PLATFORM)"
http://www.citronresearch.com/citron-exposes-the-dark-side-of-shopify/
(Doh! Citron has a typo in the title- $SHOP is a NYSE stock not a NASDAQ stock.)
POTN is continuously promoted by an email spammer. Would like the email?
Good questions, but the room allowed quick access to both windows.
I've now seen at least 2 extended videos of the action. One had the what appeared to be from start to finish of rolling video.
The shots were not one long continuous machine-gun burst. The longest seemed to be less than 10 seconds. Count one thousand one to ten to yourself and try to imagine rapid fire popping. To the victims, it's forever. To the shooter it's seconds. There were many stops in shooting, with enough time to change windows and weapons as well as load ammo. There were multiple sustained bursts of seconds as well random small bursts.
Seems to be plenty of time for this guy to run back and forth if he did so.
He may have used both windows only once. One of the vids is from a link on this board I believe of a cab driver. A few others that matched I don't have the links and were found at random. Also, the echos have to be taken into account watching the vids AND actually being there. If anyone has been to a large city fireworks they know what I mean.
The cab video is also where some people insist they see muzzle flames from a lower window.
I must have missed the report about 200 rounds in the hallway. Is that from law enforcement or the murderer? I think it's been positively established that he killed himself before the breach.
Alaskan natives and trappers use ARs and AKs all the time.
I have no idea, but if any company in the world can make a quick buck reverse engineering a TSLA Model 3 it would be a Chinese OTC company.
The fact that the company's website is no longer registered might be telling: http://zhongjimingyang.com/en
No TA == No dilution ?
Crooked CEO == $$$$Profits$$$ ?
Great new spin on no Dilution theory:
Stop sign = no dilution
According to this poster an OTC Stop sign means there can't be dilution on a Penny stock....
LMFAO!
Westchester Hedge Fund Manager Arrested For Running A Ponzi Scheme
Department of Justice
U.S. Attorney’s Office
Southern District of New York
FOR IMMEDIATE RELEASE
Thursday, October 5, 2017
Westchester Hedge Fund Manager Arrested For Running A Ponzi Scheme
Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced that MICHAEL SCRONIC, a hedge fund manager in Westchester County, was arrested this morning and charged with securities fraud and wire fraud arising out of his execution of a $19 million Ponzi scheme through the Scronic Macro Fund. SCRONIC will be presented before United States Magistrate Judge Lisa Margaret Smith in White Plains federal court later today.
Acting U.S. Attorney Joon H. Kim said: “Michael Scronic allegedly stole more than $19 million from investors by lying about the performance of his investment fund, and then spent much of that money on his own lavish lifestyle. Hedge fund managers who lie to their investors and steal their money, as Scronic is alleged to have done, will always be in our sights as targets for federal prosecution.”
FBI Assistant Director William F. Sweeney Jr. said: “Scronic’s alleged get-rich-quick scheme was, in fact, a plan to deceive investors, luring them into a false sense of security about their investments by overselling the reliability and success of the fund. The FBI will continue to identify and investigate those who defraud investors. We ask anyone who has information related to investor fraud submit a tip at https://tips.fbi.gov/.”
According to the allegations contained in the Complaint[1] unsealed today in White Plains federal court:
SCRONIC, a graduate of Stanford University and the University of Chicago’s business school, raised more than $19 million from 45 investors in the Scronic Macro Fund (the “Fund”) from April 2010 to the present. SCRONIC told investors that the Fund had positive returns in all but one of the 22 quarters from January 2012 through June 2017, with the highest reported quarterly return being 13.4 percent in the fourth quarter of 2014. In reality, the Fund lost money in 28 out of 29 quarters of its operation, with a total net loss of about $15.7 million before commissions. The Fund’s only positive quarter was its first quarter of operation in 2010.
As a result of these trading losses, the total assets SCRONIC claimed the Fund had in each quarter far exceeded its actual assets. For example, SCRONIC sent account statements to investors that together showed total fund assets of $21.7 million as of June 30, 2017. On that date, the combined balance of SCRONIC’s brokerage and bank accounts was $102,376.
In addition to losing money on trades, SCRONIC used investor money for personal expenses. His personal expenditures averaged more than $500,000 a year since January 2012 and included monthly rent of $12,275 on his primary residence in Westchester, mortgage payments on a vacation home in Stratton, Vermont, fees for multiple beach and country clubs, including a $30,000 payment to the Stratton Mountain Club in July 2017, and miscellaneous items charged to credit cards in amounts averaging more than $15,000 a month.
In recent months, SCRONIC has been unable to pay redemptions requested by existing Fund investors. Between June and August of this year, four Fund investors requested redemptions totaling about $1.5 million. SCRONIC has not had sufficient funds on hand to pay these redemptions. He instead has told these investors that the Fund would pay redemptions only at quarter end, that he was too busy and preoccupied with a relative’s medical condition to pay redemptions, and that he was unavailable to pay redemptions because he was on vacation. In some cases, SCRONIC ignored redemption requests.
* * *
SCRONIC, 46, of Westchester County, New York, is charged with one count of securities fraud and one count of wire fraud. Each charge carries a maximum sentence of 20 years in prison.
The maximum potential sentences in this case are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge.
Mr. Kim praised the investigative work of the FBI. Mr. Kim also thanked the Securities & Exchange Commission for its assistance in the investigation.
In a related case, the Securities & Exchange Commission brought a civil action today against SCRONIC in U.S. District Court in White Plains.
The criminal case is being prosecuted by the Office’s White Plains Division. Assistant U.S. Attorney James McMahon and Special Assistant U.S. Attorney Daniel Loss are in charge of the prosecution.
[1] As the introductory phrase signifies, the entirety of the text of the Complaint and the description of the Complaint set forth below constitute only allegations and every fact described should be treated as an allegation.
Attachment(s):
Download Michael Scronic Arrest
https://www.justice.gov/usao-sdny/press-release/file/1001576/download
Topic(s):
Financial Fraud
Securities, Commodities, & Investment Fraud
Component(s):
USAO - New York, Southern
Press Release Number:
17-322
https://www.justice.gov/usao-sdny/pr/westchester-hedge-fund-manager-arrested-running-ponzi-scheme
Investment Adviser Charged in Multi-Million Dollar Options Trading Scheme
FOR IMMEDIATE RELEASE 2017-189
Washington D.C., Oct. 5, 2017—
SEC complaint
http://www.sec.gov/litigation/complaints/2017/comp-pr2017-189.pdf
The Securities and Exchange Commission today charged a Westchester, New York-based investment adviser with fraud stemming from lies to retail investors about the value of their investments in a Ponzi-like scheme.
The SEC alleges that, starting in approximately 2010, Michael Scronic began to raise money from at least 42 friends and acquaintances, many of whom were from his suburban community, in order to invest in a risky options trading strategy. He allegedly lured investors by informing them that he had a long and impressive track record of proven returns. He also allegedly lied to investors about the liquidity of investments, telling one investor that "what's cool about my fund is that i'm [sic] only in publicly traded options and cash so any redemptions are met within 2 business days so if you do need to withdraw for your business needs it will be quick and painless." However, the SEC alleges that Scronic was actually hemorrhaging investor money through massive trading losses, with at least $15 million in investment losses since April 2010. For the period ending June 30, 2017, Scronic allegedly reported to investors total assets of at least $21,837,475 while the balance in his brokerage account on June 30, 2017 was just under $27,500.
According to the SEC's complaint, when certain investors attempted to redeem their investments, Scronic did not disclose his inability to repay them. Rather, he allegedly provided investors with a steady stream of implausible excuses for why he could not pay them back. In other instances, Scronic sought to obtain additional investment funds from new and existing investors in order to satisfy redemption requests from other investors.
"Scronic's alleged scheme is just another example of a so-called investment professional acting as fiduciary, but failing to deal honestly with his investors for his own financial benefit," said Lara S. Mehraban, Associate Regional Director of the SEC's New York Regional Office. "Investors should be wary anytime they are promised high or consistently positive returns in a complex, hard to understand investment strategy."
The SEC also alleges that Scronic began identifying himself as an investment adviser to a fictitious hedge fund in which he purported to sell interests, or "shares." The SEC encourages investors to check the backgrounds of people selling investments by using the SEC's Investor.gov website to quickly identify whether they are registered professionals and confirm their identity.
In a parallel action, the U.S. Attorney's Office for the Southern District of New York today announced criminal charges against Scronic.
The SEC's complaint charges Scronic with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Exchange Act of 1934 and Rule 10b-5 thereunder, as well as Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder. The SEC seeks a permanent injunction, disgorgement, and penalties against Scronic.
The SEC's investigation was conducted by Lindsay S. Moilanen, Daphne Downes, and Sheldon L. Pollock, and the case was supervised by Ms. Mehraban. The litigation will be led by Nancy A. Brown and Ms. Moilanen. The SEC appreciates the assistance of the U.S. Attorney's Office for the Southern District of New York and the Federal Bureau of Investigation.
###
https://www.sec.gov/news/press-release/2017-189
All part of a scam?
I glanced at the price and size, 10,000 shares, and in my mind it would be a DK as the price was well within the prior day's range and the size was so small.
Not sure what sort of extra fees and hassle would be involved, but going through any hoops to do a pre-market OTC trade of $500 seems incredibly silly to me. Price would have been higher for premarket.
Sometimes I see pre-market trades when my broker forces me to cover. I doubt that’s the case here since the price is so low though. Of course they skim a little off the top for themselves, it’s never a very good price.
Both options can be correct. Except one doesn’t usually DK a trade unless they really DK a trade. Yes next day the P&S department gets the blotter with non comps that are outstanding and try to resolve which can include clearing next day. As a trader, you DK the trade and send it to P&S to deal with it. But I think this was an out of sequence trading account to client account that was put into the system yesterday late or entered this am as of
Seethruequity - anyone coming across this company recently?
I've seen them on POTN and ETST a couple of stocks involving a certain promo group I have my eye on.
More on them at a later date as they are busy deleting all their pump tweets from their twitter site.
They promo group also had a paid pump for suspended GRUI. Perhaps they are covering their tracks?
Yep, after the MGM Grand fire years ago Vegas hotels are very well built. State of the art smoke/fire detectors among other upgrades.
"As the son of an FBI's Most Wanted father, perhaps he intended to go on the run."
Good point. His dad was remarkably successful on the lam, even raising a family. No backwoods "Montana cabin" for him.
I'm fascinated by the fact that 200 rounds were sprayed down the 32-floor hall. I've yet to hear how many people were staying on that floor protected only by drywall. We know Paddock had neighbors. And what about shots thru the floor and ceiling!
Re MYEC filing unaudited Financials to become SEC compliant, the SEC suspended EXAD for submitting unaudited yearly 10K's and for the CEO improperly certifying the 10K's and Sarbanes Oxley declarations.
Ed Starrs could be in for a rude surprise if he attempts to submit unaudited 10K's or 10Q's after the last delinquent 10K. 10K's are the yearly audited baseline so that the following 3 quarters of unaudited 10Q's
have a reference point to be GAAP compliant for the next audited 10K.
To me it just adds to the suspicion surrounding the company.
DOLV. t trade already posting? Usually see them in the afternoon.
??????????????????
Those are called DKs, for "Don't Know".
In the morning you get a report of all your trades and when the other side of your trade doesn't report it, doesn't know the trade, you have to go to the primary market maker to resolve.
I kinda got the sense the Sheriff was voicing his frustrations. Surely the FBI has taken over every single aspect of this investigation by now and perhaps he doesn't believe they are focusing on that possibility.
And remember, it's not just "one man", it's "one 64-year old man".
They have the room service receipt from the other room that clearly indicates "2 guests" with food enough for two people. The number of guns is odd for one shooter and, thinking about his full arsenal which included shotguns, he had no shotguns on hand in that room. He also had a car with more guns and ammo and make-shift bomb material downstairs.
IMO if he had expected to die in a shootout in that room he would have brought one or more of his shotguns. Also, he only had one handgun.
You can imagine from this setup he planned to shoot the ARs from the windows and then vacate the room, armed only with the one concealed handgun, to get to his fallback weapons in the car.
He registered the room in his girlfriends name, and then wired her money. Was that intended as a diversion? As the son of an FBI's Most Wanted father, perhaps he indented to go on the run. If he had large amounts of cash in that room or in the car it would suggest that.
I think the Mandalay Bay security guard, Mr. Campos, is the hero that threw a monkey wrench in the shooter's original plan.
$VELA - yet another Tobin Smith/NBT pump delists
likely trades by an MM for an insider or toxic lender from yesterday.
..
DOLV. t trade already posting? Usually see them in the afternoon.
??????????????????
https://ih.advfn.com/stock-market/USOTC/dolat-ventures-inc-DOLV/trades
She lives on her dime, until she gets towed in OB and needs $400.
I know. I am going to die soon. Might as well enjoy, lol.
While I don't disagree it as a posibility, 1,000 years from now, the rats and roaches will rule the world.
Oh, I'm sure the authorities already know what's in the safe. And their CSI people can probably figure out what might have been in it at one time.
What perplexes me is the Clark County Sheriff's statements at his press conference earlier tonight. I found it very strange. When asked if there might have been someone who helped Paddock, he started going on about how he "couldn't believe" just one person could have pulled it off.
That argument really made absolutely no sense. In part, he seemed to be referring to the number of weapons Paddock bought. Why couldn't he have done that? He seems to have had plenty of money. Lots of people have tons of guns. I don't understand it. But they don't use them to slaughter people.
It's also still a theory that the Vegas shooter was a bonified big roller gambler, with that suite being a possible comp (complimentary gift) from the Casino.
It's conceivable then there was money also in the safe. Perhaps if the safe gets opened for investigation it might be made public whats inside.
Maybe an old girlfriend.
I wait to watch live updates by law enforcement and specialist directly involved in the investigation telling us what they feel we should know. I do not look at the internet as a reliable source. internet The daily mail, new york post (not directly related to the NYP publications I believe) are only about scooping and selling ads and sensationalism.
And I turn off the tv when they cut to some stupid looking reporter attempting to put it in their own words. That's what they did all day Monday. By Monday night our local stations were making things up and getting many items wrong. But they never apologize ever. I had to laugh when some CNN reporter some time during the day Monday came on and thanked everyone "for the continued phone videos coming in, and we will turn them in to the police, but do not send us any with just your face describing the action as those will be passed directly to the police and never used on the news."
Meaning any stupid big face videos will be thrown away as they should.
DD Support Board and Fraud Research Forum
This forum is a place for ALL to share and build research and due diligence.
This is not a forum for recommending stocks to buy or sell. It is for information sharing only.
Please do not use this forum to promote stocks.
Feel free to build on the research already done by others or to present fresh new research.
Please start all informational posts with the ticker symbol of the stock.
Important links:
Another place to read some of nodummy's research:
http://promotionstocksecrets.com/
Great Forum for Litigation and Court Docket updates not posted on this board:
www.investorshub.advfn.com/boards/board.aspx
SEC trading suspensions:
http://www.sec.gov/litigation/suspensions.shtml
SEC press releases:
http://www.sec.gov/news/press.shtml
SEC administration proceedings:
http://www.sec.gov/litigation/admin.shtml
SEC litigation releases:
http://www.sec.gov/litigation/litreleases.shtml
Most recent SEC flings:
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=&owner=exclude&count=40&action=getcurrent
Great Website for basic information about the laws surrounding penny stocks
http://www.securitieslawyer101.com
Stock Dilution Scam:
A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive amount of shares into the market for no reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders. Then, after share prices are at or near the minimum price a stock can trade and the share float has increased to an unsustainable level, those fraudulent companies tend to reverse split and continue repeating the same scheme.
Pump and Dump Schemes:
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.
http://www.sec.gov/answers/pumpdump.htm
The key is understanding
The key is understanding that pink sheet stocks are not investments - 99% of them will lose value over the long run and never accomplish most of their forward looking pumping statements they put in press releases or on their websites. Never believe the hype - always be skeptical of everything you hear.
The people mostly making money with pink sheet stocks are promoters, front loading pumpers with big followings they can dump on, crooks, some of the flippers, and sometimes the very lucky.
Pumpers only tell you to buy stocks that they already own. Pumpers only tell you to hold stocks because they want to make sure you hold longer than them.
They make money by pumping the stock and getting other people to buy then dumping their shares on the followers.
If you really want to take the risk of trying to make money trading pink sheet companies then you have to understand how the game works and never ever hold long term - take profits when you can. Pump and Dumps dominate the IHUB forums.
Trading pink sheet stocks is a sick game full of lies and deceit where people take advantage of the inexperienced and naive stealing away their life savings for their own personal gains.
Very little respect or morals exist in stinky pinky land.
The Consequences of an SEC Suspension:
Complete list of SEC suspended stocks and SEC Admin. Law Judge registration revocations from January 1st, 2010 to May 9,2020:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155531213
More information on Suspended Stocks
http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/
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