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Agreed this is probably why PUSH decided to go away.
Publix supermarkets
Look how low the volume is. Many companies like Volvo don't really want to do much trading here.
I disagree on that point. Why they should be subjected to do joint filings when their home countries require the same thing.
https://www.cnbc.com/quotes/VLVLY?qsearchterm=vlvly
quite wrong actually
a very small percetgae trade in volume and trade in hype. Many many are very legit
Only because they’re too cheap to spring for a proper ADR.
I suspect the number of legitimate US and Canadian companies quoted solely on OTC is vanishingly small.
That would be fantastic but it's not possible without acts of Congress.
You can't shut down the OTC since there are legitimate companies that trade on them.
I think I saw the comet:
https://www.space.com/comet-tsuchinshan-atlas-bright-night-sky
It wasn't "just" above the horizon, but it was not far from the just-set sun, and a bit to the left as I watched. It had a tail, of course, and was VERY bright, though the sky wasn't dark. (And still isn't.) I don't know what happened next, because my view was obscured by a big tree branch.
Anyone use Fidelity? Better check this out if you do…
BREAKING: Fidelity & Fidelity Investments has confirmed that over 77,000 customers had personal information compromised, including Social Security numbers and driver’s licenses.
— unusual_whales (@unusual_whales) October 11, 2024
In my reading today I encountered a simile that was amusing. A dude was referring to how his girlfriend opens packages and gifts.
"She rips open packaging like a coked-up raccoon."
In other matters: I continue to recover from the poison sumac. It does appear that I may wind up with a few scars this time - on forearm, kneecap/lower thigh, and mebbe back of neck. I don't recall getting scars from poison oak/sumac previously - this time may be a consequence of aged skin? They will be small scars if they scar at all. I'm pretty sure the forearm will have a scar tho. Itching and burning phase is almost entirely over, butt I still have a couple of spots on my back torso that itch and require contortions or a backscratcher to get at. Yes, I know nott to scratch them, butt the sheer pleasure of scratching an itch is totally worth the risk (including possible scarring) in some itch cases. No weeping going on, just scabs. This time it seems to have cleared up in two weeks, which is faster than usual for me.
Still no raccoon visits here at The Hacienda. However, two weeks ago as I was driving the garbitch and recyclables bins down to the pick-up site, I drove a bit on the road where the pick-up site is located and about 300 yards down what did I see in the headlight beams butt 3 young coons in the middle of the road as they were crossing it to investigate somebuddy else's garbitch and recyclables bins that they put ~OUTT on the road for pickup. Ergo, there are coons around, just nott ones that are aware of food that I place for them at The Hacienda - yett. In view of the coon-spotting, I will pick up a few coon-centric food items next trip to the deeeeeeeeeep discount grocery and try once more to put ~OUTT some (hopefully) coon chow that they can discover. My original pair of raccoons are long gone - prolly dead - they were at least several years old, which is prolly elderly for wild coons. Mebbe I can recruit these young Turks I spotted nearby to replace them.
I think I will start with hot dogs and scrambelt eggs. Those seemed to be popular with the old pair of coons. Popcorn and old bread with peanut butter and jam were also well-received. As were some dirt cheap frozen burritos that I microwaved for them before setting the burritos ~OUTTside.
"Boeing to Lay Off 10% of Global Workforce, Expects Steep Quarterly Losses"
By: Market Talk | October 11, 2024
Boeing is cutting its workforce by 10% to restructure the business as it guides for steep losses in the current quarter. The U.S. aircraft maker expects to book pre-tax charges of $3 billion from its commercial airplanes segment as it delays the launch of a new airplane, the 777X, to 2028 citing development challenges, the continuing strike and a flight test pause. Overall, the company's business is in a difficult position, CEO Kelly Ortberg says in a message to employees. "We need to be clear-eyed about the work we face and realistic about the time it will take to achieve key milestones on the path to recovery." Boeing shares fall 1.5% to $148.81 in post-market trading."
They can be a bit overwhelming...
That even made the NYT today. She had been feeding them for years so they decided to have a block party at her house.
Woman Calls 911 When 100 Aggressive Raccoons Show Up in Her Yard
The Washington State resident fed some friendly critters for years. Then, their mean friends turned up.
https://www.nytimes.com/2024/10/10/us/raccoons-washington-home.html?searchResultPosition=1
Here's a new proposed NYSE rule intended to limit the size and number of reverse splits companies can do when threatened by delisting. Like the Nasdaq's similar rule, it doesn't seem to go far enough:
This is the main part:
The Exchange proposes to amend Section 802.01C to limit the circumstances under
which a listed company may utilize a reverse stock split to regain compliance with the Price
Criteria. Specifically, the Exchange proposes that, notwithstanding the general ability of a
company to utilize a reverse stock split as a mechanism for regaining compliance with the Price
Criteria if a company’s security fails to meet the Price Criteria and (i) the company has effected a
reverse stock split over the prior one-year period4 or (ii) has effected one or more reverse stock
splits over the prior two-year period with a cumulative ratio of 200 shares or more to one, then
the company shall not be eligible for any compliance period specified in Section 802.01C and the
Exchange will immediately commence suspension and delisting procedures with respect to such
security in accordance with Section 804.00. Section 804.00 of the Manual provides that these
companies can seek review of a delisting determination from the Committee for Review of the
Board of Directors of the Exchange. Furthermore, the Exchange proposes that a listed company
would not be allowed to effectuate a reverse stock split, for purposes of regaining compliance
with the Price Criteria or otherwise, if the effectuation of such reverse stock split results in the
company’s security falling below the continued listing requirements of Section 802.01A. If a
listed company effectuated a reverse stock split notwithstanding this proposed limitation, the
Exchange would promptly commence suspension and delisting procedures with respect to such
company in accordance with Section 804.00.
As described above, many companies seek to cure their noncompliance with the Price
Criteria or seek to increase their stock price for other reasons by effectuating a reverse stock
split. However, the Exchange has observed that some companies, typically those in financial
distress or experiencing a prolonged operational downturn, engage in a pattern of repeated
reverse stock splits. The Exchange believes that such behavior is often indicative of deep
financial or operational distress within such companies rendering them inappropriate for trading
on the Exchange for investor protection reasons. In these situations, the Exchange has observed
that the challenges facing such companies, generally, are not temporary and may be so severe
that the company is not likely to maintain or regain compliance on a sustained basis.
The Exchange believes that the restrictions set forth in this proposal on the excessive use
of reverse splits as a means of maintaining or regaining compliance with the Price Criteria will
protect investors by resulting in the delisting of companies whose history of recurring inability to
maintain price compliance is indicative of their financial instability and unsuitability for
continued listing.
https://www.sec.gov/files/rules/sro/nyse/2024/34-101306.pdf
Yes. Everyone's a scammer these days.
The (late? and if so definitely lamented) erniewerner exposed some shit like that with the stock GALT, formerly known as PRWP. Of course, that didn't stop pimps like the definitely late but decidedly unlamented terryhallinan from continuing to promote that sorry scam.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=78340988
There was much more on Yahoo! but it was about that time that the Yahoo! MBs became unusable.
LOL. I didn't reply but I logged into my account and was surprised to see the countries that were trying to access my account. Which makes sense considering how many Windows users there are.
"This shit is all over the place!"
Don't miss this. It sounds like just the kind of thing Byrne would get involved in:
Former Army Green Beret Who Organized Failed Coup in Venezuela Charged by Feds
https://dailymuck.com/former-army-green-beret-who-organized-failed-coup-in-venezuela-charged-by-feds/?twclid=2-1jvcpy6yl3j7woxza7urzomyq
It's somehow related...
It seems there're differing views about what's concerning him. Some believe it IS the Dominion suit, which he'll certainly lose. He could end up owing them a ton of money. But others are spinning a fantastic story involving bloodthirsty Venezuelans.
And then he's also being sued by Hunter Biden.
How long before he does something crazy in Dubai, and they send him back?
Patrick Byrne is quickly becoming the new John McAfee.
He continues to spew whatever BS he thinks he can get away with.
Which lawsuit is this - the Dominion one, or one of the others, as I think he has several people suing him, doesn't he?
On Patrol: Raccoon Invasion pic.twitter.com/5pAUE761Nk
— Kitsap Sheriff (@KitsapCoSheriff) October 7, 2024
That's kind of fun. And here we have something else, about crazy Patrick Byrne:
This is directly relevant to me for reasons I will explain later. https://t.co/W9O18COCLG
— Rick Wilson (@TheRickWilson) October 9, 2024
UPDATE: In a subsequent court filing, Byrne says it was the DEA that tipped him to the Venezuelan plot. It was an official in Ghana's Ministry of Security. pic.twitter.com/HaPGsvdOci
— Seth Hettena (@seth_hettena) October 9, 2024
I very much hope that lawsuit is successful.
Every once in a while MSFT sends me an email that says someone is attempting to access my account. I'd be stupid to not use the multifactor with them because MSFT thinks I should be saving things to the cloud.
If you're invited to reply to that email, it's a scammer trying to get into your account.
Mastermind of Multimillion-Dollar Penny-Stock Scam Indicted for Fraud and Obstruction
This is the second person in the MINE scam, so technically the SEC did file on the same day as the DOJ, but not on the same day as the first person was charged.
https://www.justice.gov/opa/pr/mastermind-multimillion-dollar-penny-stock-scam-indicted-fraud-and-obstruction
SEC Charges “Magic Mushroom” Company and Two Individuals with Multimillion Dollar Pump-and-Dump Scheme
I believe the DOJ already filed criminal charges for the pump and dump after the CEO was nabbed trying to flee to Tanzania in August. The SEC usually files their case concurrent with the DOJ, but they must not have been ready yet, which is why there was a 2-month delay.
https://www.sec.gov/newsroom/press-releases/2024-165
https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-165.pdf
Washington D.C., Oct. 9, 2024 —
The Securities and Exchange Commission today charged Minerco Inc. (former over-the-counter ticker: MINE), Bobby Shumake Japhia, and Julius Makiri Jenge, for their roles in an alleged pump-and-dump scheme that defrauded investors out of approximately $8 million while generating millions of dollars in ill-gotten proceeds from sales of Minerco stock.
According to the SEC’s complaint, in the fall of 2019, Shumake, who was formerly known as Robert Samuel Shumake, Jr., secretly gained control of a large stock position in Minerco, an inactive penny stock company, and then arranged for Jenge to assume control of Minerco. The defendants then began pumping Minerco’s stock price by promoting Minerco as the “first publicly traded company focused on the research, production, and distribution of psilocybin mushrooms.” Psilocybin is the principal psychoactive component in “magic mushrooms,” a plant-based hallucinogen.
From 2020 to 2021, the defendants allegedly continued to pump Minerco stock by making public statements and disclosures that contained false and misleading information. For example, Shumake and Minerco allegedly issued press releases falsely suggesting that an independent third party had valued Minerco at $1 billion and that Minerco had partnered with a Jamaican company that would lend expertise in growing a unique strain of psilocybin and bequeath to Minerco its Jamaican cannabis licenses. The SEC’s complaint also alleges that Jenge and Minerco falsely claimed in public disclosures that Minerco was an active Nevada company when, in reality, its charter had been revoked. Finally, Shumake allegedly engaged an offshore company to “dump” his Minerco shares and ultimately transfer at least $3.4 million in ill-gotten gains to an entity Shumake controlled.
“As alleged here, pump-and-dumps often begin when cheap stock of dormant companies is suddenly touted by a promoter as the next big thing,” said Melissa Hodgman, Associate Director of the Division of Enforcement. “Today’s action serves as an important reminder that the SEC will remain steadfast in its efforts to root out of the market stock offerings that are more about hype than substance.”
The SEC previously obtained an Order compelling Jenge to produce documents and appear for testimony pursuant to an investigative subpoena issued by the SEC.
The SEC’s complaint, filed in the United States District Court for the District of Columbia, charges Minerco, Shumake, and Jenge with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil monetary penalties against each defendant, as well as conduct-based injunctions and penny stock and officer-and-director bars against Shumake and Jenge.
The SEC’s investigation, which is ongoing, is being conducted by Adam Eisner, Brittany Garmyn, Keith O’Donnell, and Zachary Scrima and supervised by C. Joshua Felker and Ms. Hodgman. Damon Taaffe will lead the litigation team under the supervision of David Nasse. The SEC appreciates the assistance of FINRA, OTC Markets Group, the Securities Commission of The Bahamas, the Jamaica Financial Services Commission, the Québec Autorité des Marchés Financiers, the Capital Markets Board of Türkiye, and the Belize Financial Services Commission.
The SEC encourages investors to take certain steps to identify pump-and-dump schemes involving the stocks of dormant shell companies.
Don't often hear about Peter Buffett...
"How Warren Buffett’s Son Peter Is Transforming Kingston, NY—’Buffett Bucks’ and All"
https://www.realtor.com/news/trends/warren-buffett-son-peter-buffett-transforming-kingston-ny/
Peter Buffett, son of Warren, has lived with his wife just outside of this Hudson Valley enclave of 23,000 since 2011. During that time, they’ve poured an estimated $250 million into the area, largely through his philanthropic NoVo Foundation. In addition to donating to food pantries, building a youth community center, and restoring run-down historic homes, they’ve injected their own currency, “Buffet Bucks,” to support local businesses.
Meanwhile, Kingston’s real estate prices have skyrocketed of late, rising 32% to a median list price of $499,250 since January 2023.
PBMs are screwing the consumer since companies like UHC don't want to manage the benefit.
CVS, UnitedHealth say FTC should take Lina Khan and two commissioners off drug middlemen case
Published Wed, Oct 9 20246:01 AM EDTUpdated 3 Hours Ago
thumbnail
Annika Kim Constantino
CVS Health and UnitedHealth Group are demanding that FTC Chairwoman Lina Khan and two other commissioners recuse themselves from a lawsuit accusing the company and other drug middlemen of boosting their profits while inflating insulin costs for Americans.
The companies argued that all three commissioners have an extensive track record of making public statements that indicate “serious bias” against the companies’ so-called pharmacy benefit managers.
The FTC filed the suit last month against the three largest PBMs, CVS Health’s Caremark, UnitedHealth Group’s Optum Rx and Cigna’s Express Scripts.
https://www.cnbc.com/2024/10/09/cvs-says-ftc-should-take-lina-khan-two-commissioners-off-pbm-case.html
Every once in a while MSFT sends me an email that says someone is attempting to access my account. I'd be stupid to not use the multifactor with them because MSFT thinks I should be saving things to the cloud.
lol... I've heard of that one. It sounds somewhat more amusing than many.
Back a million years ago, maybe 20, there was a British TV show in which (real) unemployed people were very briefly trained to do jobs they'd never done before, and then entered in a competition to do those jobs. It was a pretty amazing show. The episode that sticks in my mind was when they took a young man on the dole and trained him to be a professional polo player.
He'd never sat a horse, and was afraid of them. Never mind! Two weeks later, he was riding like a pro. Applied for a position with a team. The team owners were told that one of the three applicants for the job was a rank amateur. While the kid didn't win, he did come in second. Which I think was pretty extraordinary. I wonder what happened to him in the end, though.
A US cable channel picked up the show, but ruined it. As seems always to be the case here, they felt the need to introduce (minor) celebrity contestants. It wasn't worth watching.
Those are all great titles that I would enjoy. I would only enjoy being a PR Crisis Manger if no one new I was "the" PR Crisis manager for said crisis...lol.
We have all of our customers on Microsoft's email platform.
Prior to multi-factor-authentication once in a while a customer's employee would fall for a phishing email. They click on a link that looks like the Microsoft login page. They type in their password and...that info is in the hands of criminals.
Then the criminals will monitor the employee's email and figure out how to monetize access to the account. If it's someone with accounts receivable responsibilities they will send emails to company customers directing them to make the payments to a "new bank account." That account belongs to the criminals, of course...probably with some money mule who actually accepts the money and then passes most of it to the miscreants.
We had one customer that refused to allow us to enabled MFA for their email. We canceled our contract with that customer. One of their employees is a friend. She told me that a month or two after we stopped supporting the company the scenario above happened. A customer got an email directing them to wire money to pay an open invoice. Of course the company never got the money.
$ 197,000. In the wind somewhere.
lol...holy shit...slow is right. Or something else I presume..lol.
A couple of weeks ago I mentioned a Podcast called 'What it's like to be."
IMO some of the more compelling episodes:
* Stadium beer vendor
* FBI Special Agent
* Forensic Accountant
* Turnaround Consultant
* PR Crisis Manager
As you noted, they run around 20 minutes so even the ones that I don't particularly care for aren't a slog.
Most of the reports are this :
That's interesting. I guess, then, that we'll have to wait and see what happens.
I just don't follow them that much.
Today's Hindenburg report on Roblox didn't do much because the allegations contained in the report are old hat and already known. Several media stories state that these allegations have been made by a number of other short sellers previously, and there is little to nothing new in the Hindenburg report.
So why is Hindenburg publishing this story now? I don't know, but I wonder if they have some insight on timing that others don't that can potentially move the market downward. Their connections are very good, and their stories tend to be quite timely. I wouldn't bet against them knowing something important that is likely to move the market that others don't yet know.
Well... I hope he wasn't...
Oh my. You may want to check for malware...
Ahhhh. That will be interesting. Tons of articles about it today. Here's the complaint:
https://crypto.com/document/complaint.pdf
See this article as well; it's the source for the complaint:
https://www.ccn.com/news/crypto/crypto-com-sues-sec/
A part of the RBLX allegations are the way it opens it up for PEDOs and I can certainly see that. MY kid was on it all the time when it first started no idea if he was talking to another 14 year old or a creepy old pedo
OMG I came across a DIDDY instagram video last night. 6 hours later I emerged. WOW I am so out of touch during golf season LOL
Crypto.com sues US SEC after receiving legal threat from regulator
https://www.reuters.com/legal/cryptocom-sues-us-sec-after-receiving-legal-threat-regulator-2024-10-08/
..
.
lol, I don't know. But lately, they haven't been making the impact they once did.
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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