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I suppose bitcoin investing is a sort of online game using real, or fiat currency, to buy imaginary currency.
As for all these pink sheet tickers morphing into bitcoin operations, I suppose it's how fads work on the pink sheets. Many moons ago it was solar panels, or used tire recyclers, or whatever else has been faddish in the past two decades.
During the dotcomm bubble I was a financial analyst and ended up being asked to prepare documents based on my analysis of potenetial JVC partners, buyout targets etc for the company I worked for. But I was now being asked to look at tech companies specifially in the telco sector. My previous roles invovled the basic. EPS with decades of benchmarks to measure companies against. Brick and morter companies - I was now looking at companies with quarter losses suprassing $10 Million and often way way more. I truly didnt get it and was really befuddled. I didnt even knoiw what to prepare for documentation and commentary.
I was a big skeptic of the dotcom bubble but when I finally threw all common sense out the window and started trading anything that moved I did very well as I ended up having my firm sold and was on my own for a year LOL. sadly I didnt see the end of the bubble quick enough and gave back most of my huge gains.
On Bitcoin again I am at a loss. Yes they yake a whole shot load of computing to create a coin. Sounds like an online computer game to me. I also dont get how they cap the # of coins and prevent theft and forgery because I dot get it,. I am terribly bearish on bitcoin and will watch Monday as options open for trading. I may buy some puts. I may just watch. I have set aside Monday for the entire day to watch it. First time in years i have decicated a whole day to the financial markets. I am predicting a massive bubble burst at some point BUT as I havs stated recently you can find a post on a bitcoing board from 2013 or 2014 when I was also terribly bearish on botcoin as it surged over $500.
Many thanks for posting those articles about bitcoin.
When I was regular viewer of CNBC, Ben Stein, the iconoclastic commentator, told the viewers during the Dot Com mania era it is difficult to recognize you're in a bubble while you're in it.
Back in late 1998 to mid 2000, some internet stocks were priced at price/earnings multiples -- for one that actually had earnings -- up 1000 times trailing 12 month earnings. At that level, the underlying companies would have to continue producing increasing earnings for the next 100 years just to become "fairly valued."
Some private internet companies were financed by venture capitalist up to 9 times before they folded.
Online trading firms mushroomed at that time. The ads promoted the notion that the little guy could outperform the experts.
Critics during that period -- and there were many -- predicted the end was nearing because New York City cab drivers were tossing out stock tips to passengers.
Perhaps one major difference concerning bitcoin is the general absence of IPOs on the NASDAQ touting their expertise with bitcoin. A day doesn't go by now without my noticing a headline for a pink sheet company touting itself as a bitcoin/blockchain company. There is a glut of ads elsewhere on the pages about companies claiming expertise in trading crypto money.
What this says to me is the larger marketplace of asset managers isn't particularly interested in crypto money. Given how well the world's stock markets have performed since the low in March 09 I figured the lack of interest is logical. Why throw good money after bad?
I don't keep tabs of every pink sheet company with a bitcoin angle. What I've noticed is certain tickers will shoot up a few hundred percent then start going down. But that's the way it is on the pink sheet market. The flavor of the day concept at work.
What I'm also noticing is the apparent ease at hacking into accounts. This tells me the concept could be inherently flawed. As more hackers break into accounts, it could very mean the end is near for this imaginary currency.
Why the end may be near for bitcoin, but just maybe
By ANTHONY MIRHAYDARI MONEYWATCH December 8, 2017, 7:19 PM
https://www.cbsnews.com/news/bitcoin-end-may-be-near-just-maybe/
The rise has been breathless: From a recent low of $3,226 on Sept.14, bitcoin pushed past $17,000 on Thursday, an incredible gain of more than 400 percent in less than three months.
Is this a massive bubble? The consensus seems to be "yes -- but the technology will last" with parallels to the dot-com bubble. Sure, Pets.com isn't around anymore. But Amazon (AMZN) survived and prospered, and CEO Jeff Bezos is now the world's richest man.
The latest cryptocurrency excitement seems to stem from word that institutional investors are on the verge of joining in on the bitcoin craze. The Chicago Mercantile Exchange and the Chicago Board Options Exchange both plan to start trading in bitcoin futures later this month. Yet, I can't help but fear a nasty end.
Regulators seem spooked, with South Korea's prime minister fearing "serious pathological phenomena," while the UK plans a crackdown by forcing users to disclose their identities. Russia and China have already leaned against the trend. And in the US, the IRS won a case against Coinbase -- a popular cryptocurrency exchange -- to disclose user information amid a wide gap between the number of bitcoin traders and the number reporting gains for tax purposes.
As prices rise and unsophisticated investors get caught in the whirlwind and present a growing risk to financial system stability, officials are growing nervous.
The financial system is concerned as well. A number of large Wall Street banks fear that futures trading will be too volatile, potentially undermining exchange stability. And some retailers are balking. For instance, online game platform Steam no longer accepts bitcoin as payment.
The specter of fraud also lingers, with no legal recourse for those robbed because of the anonymous, decentralized nature of the beast. The irony of that is: "It's not a bug, it's a feature." Bitcoin is so easily swiped by hackers, whether it's the Mt. Gox bankruptcy in 2014 or the $31 million hack of the Tether Treasury in November or Wednesday's $62 million hack of Nice Hash.
Also, that anonymity attracts the ire of policymakers given its cyber-libertarian roots.
Could these vulnerabilities -- to cybertheft and a regulatory crackdown -- be what ultimately pops this bubble?
Other issues concern bitcoin's "application layer," which make it unsuitable for small transactions because of processing delays -- a far cry from the speedy response of existing card processors like Visa (V). This is the reason behind the "hard fork" with Bitcoin Cash, the rise of alternatives like Ethereum and ongoing efforts to make bitcoin a more efficient means of wealth transfer -- which, after all, was its original intended purpose.
The competition is heating up as well. Services like Apple Pay's messaging functionality and Venmo are moving "cash" into the digital age with the protections consumers expect from the regulated financial system. Plus, since these are backed by the dollar (which is legal tender), there are no tax implications, unlike with every bitcoin transaction.
Still, the bitcoin bulls have a strong case, obviously. Mainly, that bitcoin has built-in scarcity with the supply never able to exceed the predetermined cap. And it's the antithesis of this era of aggressive central bank-based cheap-money stimulus. Tax avoidance has also played a role. And bitcoin has first-mover advantage among cryptocurrencies, lending liquidity and marketing benefits other "alt" coins don't enjoy.
But when my wife's hairdresser touts her bitcoin winnings -- having gotten in on the action over Thanksgiving despite not fully understanding what bitcoin is -- I can't help but think the end is near.
https://www.cbsnews.com/news/bitcoin-end-may-be-near-just-maybe/
But surely not surprising. I wonder how much money was involved.
MAJOR GRUB!!!!
It was regarding Joe Passalaqua and his bringing of a shell to a point where it would be a candidate to be sold, indicating potential future action with the ticker. I can't even find the post he supposedly quoted if it even exists. He did not provide a link to this supposed positive endorsement of course. Harry's headline was : "Even nodummy has a positive outlook for xxxx" followed by a quote he credited to ND regarding the aforementioned "positive" developments.
It was sickening to see
Looks like a TOS violation to me.
Here's what Harry has been up to, creative context......
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136755549
On the HPNN front, Hop-On has no known revenue this year, and is 2 quarters late in its financials.
The CEO has given an interview,
http://www.brodmannenterprises.com/2017/12/brodmann-enterprises-corporate-exclusive-with-hop-on-inc-otcmktshpnn-potential-for-revenues-run-through-hop-on-in-the-billions/
where he claims being in negotiations with Asian manufacturers to let them piggy back on his Microsoft "Android License".
You know, Microsoft charges a fee to Android manufacturers, even if Microsoft didn't write Android at all.
It's a "Covenant Not to Sue", just in case Android might violate some undisclosed Microsoft patent.
As a result, Microsoft makes more money from Android devices than Google does.
HPNN CEO obtained a Microsoft License 3 years ago, for the phones he isn't selling (the company hasn't sold a single cell phone in 10 years). About 10,000 manufacturers have obtained a similar license.
The License doesn't cost a cent. You just promise M$ a royalty on your cell phone and tablet sales.
The CEO has a notion that Asian manufacturers can save money by using his license, instead of, you know, just getting the same license from Microsoft itself.
The text of the license (with the royalties rates blanked out) has been made public in the Microsoft v Samsung lawsuit. It is "required" for manufacturers or OEMs (who contract out the manufacturing), but do not apply to importers, resellers or distributors, which Hop-On would be in that context.
The CEO sayzs that such a deal would increase HPNN market cap to several billion $$$ dollars.
"I am not saying 100% we are getting the deal. I am saying its looking good"
He also claims that his legal team is on the job. Hop-On has no legal team, according to its financials.
HPNN current lawyers seems to be a sleazy divorce & odd jobs lawyer, a real Lionel Hutz.
-------
On the Pot front (Hop-On purports to be in Phones and Pot both, with $0 revenues),
You know how he is. Unusual sense of humor, but we love him anyway!
He likes it. Not sure his followers are so amused. Only the ones that left at the height of the party are happy, the ones that saw him early then got out of the way when the big rush came
It could be related to the Appointments Clause issue. I wonder, are those two companies in the Tenth Circuit?
Apart from that, the administrative judges will have their hands full reviewing all the cases they have to review. Presumably they don't need any extra work right now.
I wonder if the lack of immediate revocation proceedings is due to a policy decision, or if it is related to the Commission Order to delay all ALJ actions in relation to the 10th Circuit ruling. The Commissioner issued an order on November 30th which pushed back all cases in front of SEC ALJs.
https://www.sec.gov/litigation/opinions/2017/33-10440.pdf
We won't see any new initial ALJ decisions until at least January 8th. But the good news is that it seems the Commission has solved the issues created by that 10th Circuit ruling and the authority of the ALJs to preside over such matters will continue.
lol, they are really asking for trouble...
Yep. Bigfoot just loves to lead people on a merry chase.
The Skull&Crossbones flag doesn't seems to have negatively affected CRCW trading.
Up $266 a share today, apparently. That's 179%.
A BGFT sighting today but it disappeared in the swamp
LOL!! I hadn't noticed the gigantic move it's made recently. That's gotta be it. Ridiculous market cap.
Maybe the $8bn market cap?
There's been all kinds of speculation surrounding CRCW. Back in August, RMRK longs were saying it would merge with CRCW. CRCW owned some RMRK toxic debt, but it had no intention of merging with the shell.
Then more recently, it was said to be merging with IFXY. That was just plain untrue.
CRCW has made clear to anyone who asks that the "merger" stuff was just nonsense. It in fact completed an entirely different merger months ago.
So I really don't see why it should warrant a skull and crossbones.
That's very interesting indeed.
Do we know why CRCW "The Crypto Company" flagged with a skull-and-crossbone by OTCmarkets ?
http://www.otcmarkets.com/stock/CRCW/quote
SEC suspensions
excellent
worth another read
Recent SEC suspension notices have contained some interesting new language that may possibly signal a significant shift in enforcement.
So far in December, the SEC has suspended 3 companies. 2 of them have been SEC registrants, and both suspension notices have contained a new statement. The first company (Caleminder) was 1 10-Q delinquent, and the second, Global Future City Holding, which was suspended today, was 2 10-Q's delinquent. Right after noting which filings were delinquent, the notices stated:
"and it has expressed no intention of complying with its reporting obligation going forward."
I wondered how the SEC determined this to be true. I originally assumed it was because the companies had not filed late filing notices since Caleminder did not for their June 30 2017 10-Q. However, Global Future, which is 2 10-Q's behind, did file Form NTs for both delinquent filings.
Did the SEC contact each company and ask if they planned to file going forward, or did they just assume that since they are delinquent with their filing obligations that is it? Either way, it could signal a significant change in the SEC's enforcement of delinquent filers that now companies delinquent just 1 and 2 quarters are being suspended instead of the 2 or 3 YEARS (or longer) the SEC allowed companies to trade before any notice was taken under prior SEC Chairpersons.
I also note that the SEC does not seem to have automatically moved to begin revocation procedures against either one of the suspended companies yet. This is very different than the policy for seriously delinquent filers that are suspended and revocation procedures are automatically initiated. Perhaps the SEC is moving to suspend delinquent filers much quicker, but may give them a chance to return to compliance before revocation.
Depends on how you define 'promotion' as well, posting on the board about how great he/she is and how successful they're going to be is no different than anyone else doing it. Soliciting the sale of stock is a whole different thing, they should be required to disclose as a promoter at least for this site. I assume undisclosed promotion rules apply to them same as everyone else
Look at the spam emails fro BRVVF
Featured Promoters
StockPromoters.com - Pre-Market Email for 12/8/2017
Pre-Market Promotions by Promoter ( 14 Promoters currently promoting 5 Stocks )
The Bull and Bear
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FREE None Listed or Image Compensation
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STDY None Listed or Image Compensation
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STDY Please be advised we have NOT been compensated for investor relations and media services for TODAY’s profile in THE amount of Twenty-Five Thousand dollars USD by, a non-affiliated third party for marketing exposure.
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BRVVF+7 We have been compensated five thousand dollars by Awareness Consulting Network LLC, to conduct investor relations advertising and marketing for BRVVF.
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Penny Stock Locks
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Damn Good Penny Picks
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-89.956
Momentum OTC
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-89.956
Penny Pick Alerts
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BRVVF+7 PennyPickAlerts will disclose how many and what type of shares we have been compensated if we do receive shares or buy shares of a profiled company. PennyPickAlerts.com, which is now wholly owned by Legends Enterprise, LLC, has been compensated up to Seven Thousand Five Hundred dollars cash via bank wire by a third party, ACN LLC, for this one day marketing and awareness campaign on BRVVF ending on Friday, December 8th, 2017.
QBOT PennyPickAlerts will disclose how many and what type of shares we have been compensated if we do receive shares or buy shares of a profiled company.
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OTC Rockstar
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BRVVF+7 OTCROCKSTAR.com will disclose how many and what type of shares we have been compensated if we do receive shares or buy shares of a profiled company. OTCROCKSTAR.com, which is now wholly owned by Legends Enterprise, LLC, has been compensated up to Seven Thousand Five Hundred dollars cash via bank wire by a third party, ACN, LLC for this one day marketing and awareness campaign on BRVVF ending on Friday, December 8th, 2017.
QBOT OTCROCKSTAR.com will disclose how many and what type of shares we have been compensated if we do receive shares or buy shares of a profiled company.
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Depends if the statements being made are false and/or misleading. If he/she is over there doing the whole "da mooooooon" spiel, there's probably nothing wrong, but iHub isn't where public info should be disseminated regardless of its veracity. I assume rules applying to insiders specifically pertain to selective disclosure and things of that nature. I'd be more concerned with what may be happening in PMs. But there's no rule against a company insider being here, though it should be the reddest of flags
The question at this juncture is one that asks, "when will the next Greater Fool fail to appear?" I have no clue.
well I have been quiet trading for a while. beenbusy BUt will be taking a short position in the form of a put on Bitcoin. I will only do it when listed on a real market - I realize there are shorting options available on alternative markets.
I heard on TV it hit $22,000 over night - I see its at $16,000 now.
40% of all bitcoin is held by about 1,000 people.
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market
The Greater Fool Theory, illustrated in $BITC trend
"This is the argument that will be used"
Who's going to be making that argument?
I'm pretty sure that the SEC (or DOJ) could unmask a corporate officer/director in certain circumstances. But the question wasn't aimed at the practicality of such a regulation...it was:
"What regulations govern a public company officer or director's anonymous use of a public message board for promotional purposes?"
If there aren't any there aren't any. If there are I'd like to know what they are...that's the question.
If it's anonymous, how could you really know it's him/her?
This is the argument that will be used
What regulations govern a public company officer or director's anonymous use of a public message board for promotional purposes?
I think bitcoin is heading for $1MillionUS. And, yes, I realize it appears nutso. But the nutsos will be the one's paying out $1MillionUS
It's not. People will point to this recent explosion and say that it's the big money doing everything they can to get position, a result of the futures trading next week.
The driver behind this seems to actually be S Koreans who are panic buying it to hedge against a potential N Korean invasion.
Those people are going to be wiped out when the party wraps up here.
Next week the CBOE will be opening futures trading on it, ya know, so everyone can get destroyed, why should everyone else have all the fun? Plus it needs the crutch, all it's doing is making the end worse
Bitcoin plunges more than $2,500 after hitting new record
http://money.cnn.com/2017/12/08/investing/bitcoin-latest-price/index.html
In the last filing that CCTL ever filed, it states....
The Company is engaged in the Bit Coin industry and is the owner of 576 bit coins.
Then, it goes on to state.....
At this time the Company does not have any significant tangible assets and is in the process of identifying suitable targets for acquisition.
Wouldn't those bitcoins be considered a significant tangible asset?
https://www.otcmarkets.com/financialReportViewer?symbol=CCTL&id=151105
This is a Bill Schaefer company. He ran/runs SREH (now ABVG), ABVG, LGBS, GRDO, PLFM, PAPT, CCTL and GTLL.
Not one of them is worth a shit.
Crash?
Think math here for a moment.
There can only be 21 million Bitcoin mined. And every single person of minimum technology understanding has heard of it. 16k might just be a super joke bargain and far from a crash.
I am seeing $18,000 now LOL, So efficient market theory dictates that shorting is necessary for an efficient market. Can bitcoin be shorted the same way as everything else?
I am so naive to it all but I see a 90% crash from top. I have no clue where top is LOL
Right, losing that lifetime wealth before any war starts is better somehow.
Bitcoin will be the next huge crash?????????????????????
Those who mined at high levels will be like OTC losers?
I cant say I blame them.
Moving lifetime wealth out of a potential war zone.
Found this-- BTC by country and currency in real time
https://www.cryptocompare.com/coins/btc/analysis/USD?period=1D
S. Korea banned futures trading in Bitcoin last night. It seems the whole country is consumed with BTC buying due to war uncertainty. It's sad, this is going to be more devastating to their economy than an invasion.
Oh no doubt
After I posted that I tried looking for recent data. Most of what I found was from August. This one from October. South Korea makes a lot of sense. They've been developing markets and exchanges for a while now.
Hard to see how far this can go. US Futures markets are already getting cold feet. 30% up is pretty cool. 30% down and you need to start looking skyward when walking by tall buildings.
What we don't know here is what kind of Margin people are buying on overseas. Coinbase does allow margin trading here but I'm not active. Just received a payment from overseas that I never converted to cash. made a few trades on GADX between Ethereum and Bitcoin. But basically I'm just waiting for my Bitcoin cash dividend as I was there pre fork and just watching in the interim.
Japan Emerges as the World’s Foremost Hotbed of Bitcoin Trading
https://news.bitcoin.com/japan-emerges-as-major-hub-of-bitcoin-trading-market/
Japan has emerged as the largest market for bitcoin trading by volume. This represents a shift from the market dominance controlled by China as a result of the Chinese government blanket banning exchange platforms. Japan, along with South Korea to some extent, now represent major hubs of crypto-finance across the globe.
Also read: Two More Bitcoin Startups Reveal Hard Fork Contingency Plans
According to recent data on Cryptocompare, Japan controls 59.77% of the global trading volume. This is over double the bitcoin trading volume conducted in the United States. Currently, the US does 25.97% of bitcoin trading. Japan’s rapid ascent as a bitcoin trading hotbed comes as no surprise, though. The country was poised to adopt this role.
Japan Emerges as the World's Foremost Hotbed of Bitcoin Trading
From Cryptocompare’s charts
Reasons for Japan’s Growth
Crypto-Friendly Attitude
One of the primary reasons for Japan’s major appearance on the scene is because of its pro-cryptocurrency attitude. The country has been building its crypto-asset infrastructure for awhile, especially since its government has taken a positive stance on bitcoin. The country was one of the first to fully embrace digital currencies by making bitcoin a nationally legal currency last April.
Furthermore, the country just endorsed 11 different cryptocurrency exchanges, including the largest, Bitflyer. They licensed the exchanges with practical and understandable legal framework, making their operations painless and non-burdensome. News.Bitcoin.com covered the story when it broke:
Japan’s Financial Services Agency (FSA) announced they are endorsing 11 different cryptocurrency exchanges. This sets Japan on a path to becoming the headquarters for everything Bitcoin, especially since China recently crippled their crypto market by banning exchanges. This means Japan now represents one of the most cryptocurrency-friendly countries in Asia.
Bitcoin Mining and J-Coin
Japan Emerges as the World's Foremost Hotbed of Bitcoin Trading
Besides interest in bitcoin trading and speculating, Japanese businessmen have become infatuated with bitcoin mining. The financial industry has started eyeing bitcoin mining as a possible source of lucrative gains, but also as a way to further develop Japan’s bitcoin dominance. Both GMO and DMM.com — which own exchanges — said they were getting into the space, although they would search for bitcoin mining locations where electricity costs are lower.
Lastly, the Japanese government and banks have begun work on J-coin, a nationalized cryptocurrency that would sit alongside the Yen. An MIT article explained banks would use it to get extra customer information and create a streamlined, digitized financial system within Japan proper.
All of this cryptocurrency activity in Japan has made it a hot spot for deepening the market penetration of bitcoin trading. It has also made Japan along with South Korea undisputed leaders in forward-thinking bitcoin infrastructure development.
Japan and South Korea’s Effect on Bitcoin Price
This new dominant position Japan has found itself in has implications for the future of Bitcoin’s price. South Korea has likewise managed to metamorphose into a major bitcoin trading paradise. According to various news sources, the bitcoin price has managed to maintain its upward trajectory as a result of these markets.Japan Emerges as the World's Foremost Hotbed of Bitcoin Trading
Previously, the price was almost totally reliant on Chinese markets. Luckily, both Japan and South Korea were already poised to take the reigns as the new Asia bitcoin market presence. China used to control roughly 10 to 13 percent of global trades before being banned, one news source claimed.
Now it appears the overall price will be in the hands of these two Asian powerhouse markets for some time. This looks like good news, though, because both countries harbor optimistic and positive perspectives on bitcoin and other cryptocurrencies. The future is bright with the image of a large red sun.
What do you think about Japan’s bitcoin dominance? Do you see this a good sign for bitcoin trading? Let us know in the comments below.
Images via Shutterstock
Sterlin Lujan
Sterlin Lujan is a journalist, editor, speaker, anarchist, and essayist. He has been involved with cryptocurrency and Bitcoin since 2012. Sterlin is especially interested in the intersection of psychology and cryptography. He has written on behavioral economics in regards to innovative technology, and was one of the first to write about the emerging field of cryptopsychology on bitcoin.com.
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:
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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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