Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Interesting. Could this be considered some form of market control not letting people short an equity too soon? Or basically do what they chose at whatever time a person wants to do?
If you were a huge hedge fund would you be able to do what you want to do right now?
alternative trading platforms and markets allow for a variety of trading but in terms of regular banks in US and CDa no real options on Botcoin. Yes I can sell short a future on /XBT for january only on CBOE through my TD Thonkorswin and CME will introduce same next monday but no calls or puts I am aware of
also no options on GBTC
"Again, I restate, crypto currencies are real. They will become mainstream over time. The prices they are trading at DEFINITELY are NOT real. It's simply a worldwide trading frenzy that will end badly."
Really? You're buying a commodities contract. Take possession of your bitcoins and go buy some tires at Sears. Then stop on the way home and get a micky D's and fries. Do it today, okay.
I do a lot of online buying with my few credit cards. What exactly is bitcoin changing for me.
"Of course, there is this little problem of how much energy is consumed to make the crypto curreny the new money."
That's okay. You just use all your profits from mining to pay for the utility bills and server farms and infrastructure you replace as you burn them out. But it looks good on paper because it's the new money, we don't need the old money.
Funny, there's very few ANALlisis saying that bitcoin is going to replace fiat money these days, now it's revolutionizing banking?
So quickly like they change their mind?
Question, when I travel, sometimes such as this weekend and Thanksgiving week, I don't always take my laptop. My iPhone 7 works just fine. Except as of recently, I get so many pop ups when I open up ihub that it renders my browser worthless. I cannot read or draft posts due to pop ups that take over.
What is the point of subscribing to ihub if I cannot use it on the road? No other websites I go to on Safari does this.
Any thoughts on why they do this?
I think I have kickstarted another bitcon run by being so negative on the whole concept
Thanks Bar.
(odd, there's no facility to attempt to reinstate a post here.. ?)
Agree, and thanks for highlighting the point of my interest was in that word "all".
That's very good and couldn't agree more. Boeing was a Tetra Bio at one time. The more legitimate success a company has the more "Real" it becomes I suppose.
They should send another mission to the moon. That way they could get all those pinkies I have been reading about for 20 years that were going there.
LOL
You don't give up. Sorry but my Boeing just announced a 20% div increase minutes ago and share buyback. Dow and S&P at records, along with my whole portfolio.
Let me translate that for you "duude." Real Stocks... to Da Mooooon!
Don't mean to say it's going to rocket to the moon, just that it's fairly free of those fraudulent markers this board is very familiar with,.. a stable share structure, money in the bank, gov't (tacit) approval, etc,..
LOL
More like up 4x in 48 hours. When Bitcoin started retreating after the futures launch, I bought some Litecoin around $80. Sold around $120. Currently trading at $390 (was above $400 when I started this post)
Again, I restate, crypto currencies are real. They will become mainstream over time. The prices they are trading at DEFINITELY are NOT real. It's simply a worldwide trading frenzy that will end badly.
A lot like the dot com boom. Look how long it took Nasdaq to recover back to the boom highs Look how few survivors remained from that period.
My point, there will be survivors. But the rpice being paid for those survivors today bears no realation at all to what they will be in the future. May be 100x higher in the future. May be 99% lower.
(How can it be a currency with fluctuations like that?? the same way the ruble and the dinar are currencies)
Your post along with quite a few others in that vein intrigued me in that it is fair to say most all of these tickers can't be taken seriously but surely there must be the odd exception.
How is that post anything but stock spam that should be deleted from this august board?
Turns out I cannot buy a PUT on bitcoin. I still have no position eitherway as only futures available as a derivitive as far as anything I have access to. I see LITECOIN is through the roof thepast week.
IFXY.....TALARI IS AT LEAST KISSING HIS POTENTIAL SCAMEES FIRST!
This white paper does not include or contain any information or indication that might be considered as a recommendation or that might be used as a basis for any investment decision.
https://icos.icobox.io/uploads/whitepaper/2017/12/5a29829268c91.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136821184
I don't believe I do.
This morning's Charlotte Observer published a wire service story about the CBOE bitcoin options. I was up early so I took in about 15 minutes of CNBC. And -- you guessed right -- an asset manager with Grayscale spent a few minutes touting bitcoin. He predicted a $1M price tag. He said bitcoin as a store of value is beginning to attract the gold bugs. That is Gresham's Law at work, although he didn't mention it.
Although bitcoin could be considered a "store of value" it's difficult at this point in time what that "value" could be if one accounts for what could be considered a "fair value."
If one figures fair value is determined by the market then I suppose whatever prices we witness today for bitcoin will be the fair value. It could range, for example, from $18K or higher down to $16K and lower.
Obviously the naysayers could trashed in a situation of skyrocketing bids. You just don't get it, the longs say. This is the future is money, they declare. Fiat money is on the way out.
Of course, there is this little problem of how much energy is consumed to make the crypto curreny the new money.
BTCUSD volume is calculated using what time frame? Is it the daily volume, the annual volume, since inception, or what?
https://investorshub.advfn.com/Bitcoin-BTCUSD-26047/
And every time I check the volume, it always ends with 5 zeros.
In re: my last post. This particular bitcoin salesman seems to be understating a lot of things that are negative to bitcoin. Obviously, he has to protect his interests. I believe this was a fairly recent paragraph from his site. It will be interesting to watch this play out. Out shopping and Costco and Sears still won't take my bitcoin. What is wrong with them?
"Miners currently produce around 3,600 bitcoins per day, some portion of which they sell to cover electricity and other business expenses. The daily power cost of all mining is estimated around $500,000. Dividing that total by the current BTCUSD price provides an approximation of the minimum number of bitcoins which miners supply to markets daily."
"It's a matter of demand far outstripping supply"
.
When the supply consists of the equivalent of fairy dust from the mars underground transportation tunnels it's even more amazing.
This guys claim about purchasing without waiting for a conformation may be false. Is his service in question now?
https://twitter.com/jordantuwiner
Monksdream, do you have TTCM on your block chain shenanigans watch list?
SEC defendant Kueber avoids jail
2017-12-08 12:46 PT - Street Wire
Also Street Wire (U-CYNK) Cynk Technology Corp
by Mike Caswell
Kelowna's Phil Kueber has avoided a jail term, receiving three years of probation for his part in the manipulation of Cynk Technology Corp., a pink sheets listing that was briefly worth $4.5-billion. (All figures are in U.S. dollars.) He received the sentence in a court appearance on the morning of Friday, Dec. 8, before New York Judge Leo Glasser. The three years of probation is in addition to a $1.2-million forfeiture order that Mr. Kueber previously agreed to.
Prosecutors claimed that Mr. Kueber participated in the manipulations of Cynk and another company, Vision Plasma Systems Inc. According to the government, he recruited friends and associates to serve as nominee shareholders. In the subsequent manipulation, Cynk went to a $13.90 high before being halted.
Mr. Kueber's sentence is considerably lighter than those of others charged in the scheme. Those others include West Vancouver resident Gregg Mulholland, who is serving 12 years in jail, and former B.C. dentist Robert Bandfield, who is serving six years. Part of the reason that Mr. Mulholland and Mr. Bandfield received jail terms is the larger role that they played in the scheme. Mr. Bandfield, 72, was the architect of a money laundering operation that contributed to the manipulations of Cynk and many other companies, prosecutors said. Similarly, prosecutors said that Mr. Mulholland was responsible for 40 manipulations, contributing to "one of the largest market manipulation schemes ever charged in this district."
Phil Kueber
MEETME
Phil Kueber
Undoubtedly playing a part in Mr. Kueber's light sentence is the fact that he co-operated with the government. After he was charged, he voluntarily went to the U.S. from Canada and entered a guilty plea. Any subsequent co-operation is not entirely clear, however. Many of the documents surrounding his participation in the case are sealed, including all of the sentencing materials.
The charges against Mr. Kueber and the others are contained in a superseding indictment that prosecutors filed on Aug. 5, 2015, in the Eastern District of New York. Much of the indictment contained allegations against IPC Corp., an entity run from Belize that prosecutors claimed aided in manipulations that generated $500-million. According to prosecutors, IPC had more than 100 corrupt clients who used the firm to secretly buy and sell public companies and then launder the proceeds.
The indictment identified one of IPC's largest clients as Mr. Mulholland. He used a complex offshore structure to conceal fraudulent activity and evade U.S. laws, according to prosecutors. Mr. Kueber, in turn, was working on Mr. Mulholland's behalf.
Mr. Kueber's role in the scheme was mostly with the manipulation of Cynk. The company purportedly ran a social networking website, but was secretly controlled by Mr. Kueber and Mr. Mulholland, the indictment stated. The men had acquired all of the company's tradable shares between 2011 and 2014.
The manipulation, as described by prosecutors, took place over a few weeks beginning on May 15, 2014. Prior to that date, the stock had not traded for 24 business days and was under 10 cents. Over the following weeks, it suddenly traded millions of shares and rose to a $13.90 close. According to prosecutors, the company's rise was only because of fraudulent activity by Mr. Mulholland. They said that the company had no revenue or assets, yet was worth over $4-billion.
The Cynk manipulation came to an abrupt end on July 11, 2014, when the U.S. Securities and Exchange Commission suspended the company, citing a possible manipulation in progress. (By that point the company had attracted significant attention. Reporters who attempted to find its office in Belize discovered that the address did not exist. There were also many questions surrounding its purported business.) After the SEC's halt, the stock fell to 60 cents.
Prosecutors also linked Mr. Kueber to the manipulation of Vision Plasma, a company that supposedly sold systems to remediate hazardous waste. The indictment did not say exactly what his role was with Vision Plasma, only accusing him of participating in a fraudulent conspiracy to manipulate the stock. The manipulation took place in August, 2012. That month Montreal touting website Awesome Penny Stocks (which was not charged in the case) advertised Vision Plasma as a pick. The stock substantially rose afterward, going to 39 cents from 14 cents on volume of 308 million shares. Meanwhile companies that Mr. Mulholland controlled sold 83 million shares, realizing $21-million in gains, prosecutors claimed.
The charges against Mr. Kueber were conspiracy to commit securities fraud, money laundering conspiracy and two counts of securities fraud. He pleaded guilty to conspiracy to commit securities fraud and money laundering conspiracy.
In addition to the criminal charges, most of the defendants, including Mr. Kueber, are facing a parallel civil case from the SEC. That case has been on hold.
© 2017 Canjex Publishing Ltd. All rights reserved.
About 48 hours ago, bitcoin was priced below $13K and is now trading above $17 on the first the CME market open for futures trading.
Meanwhile, I've got about a dozen issues, including four that were suspended a few months ago.
Today's biggest gainer: Bitcoin Services (BTSC) up 97 percent.
Coin Citadel (CCTL) traded 1.3B shares, up 63%.
They all went up by healthy double digit percentages.
It's a matter of demand far outstripping supply.
At least for today.
Maybe they can "increase" the amount?
It all comes down to the Algo...
But the tokens are just the reward itself. The work is done by the Blockchain Tech like the mining of Bitcoins.
http://dataconomy.com/2015/10/wtf-is-the-blockchain-a-guide-for-total-beginners/
I see. But once all 500 million were, um, issued, what incentive would there be for people to write new reviews? Or would the tokens redeemed for discounts or whatever be recycled back into the "float"?
Oh and yes the MUN Token was supposed to be limited to 500M shares ups tokens i meant to say
But... Ideally, reviews are supposed to be honest and helpful. Of course, that was back when professional reviewers were pretty much the only reviewers.
Letting everyone have a voice has its disadvantages.
It would help the Restaurant to sell crappy food...
Since there wouldn't be any bad reviews.
Today they have to pay people to write good reviews ->
https://splinternews.com/i-created-a-fake-business-and-bought-it-an-amazing-onli-1793850918
It's has been in place before just in a different way. Now they could use tech to do it for em...
The Coin/Token frenzy hasn't even started yet, imo.
Check this older article out, it almost seems trite.
Check the price he called extreme. omg.
https://arstechnica.com/tech-policy/2011/08/symantec-spots-malware-that-uses-your-gpu-to-mine-bitcoins/
But were there supposed to be only a limited number of Munchee tokens? If so, what real incentive would their be to write reviews? The tokens were supposed to give reviewers discounts.
And the whole idea was supposed to be to eliminate deliberately nasty reviews--written by "haters"--on sites like Yelp.
But what if a restaurant was actually bad? Would bad reviews be tracked on the blockchain and eliminated? If so, what use would the site be?
But with Blockchain they would have been limited...
So with each one you had there would have been less for others
Kind of a limited Edition...
And nobody need blockchain to manage them.
Don't worry i remember similar things from the late early 70's
My Mom and Grandma always had those little booklets/cards with the stamps from the grocery store.
If that does happen, none of these companies will be safe.
It all reminds me of S&H Green Stamps. You wouldn't remember them, but I'm sure some of the other oldies here do. Back in the 50s, supermarkets handed them out with every purchase. You got a little book (or multiple books) into which you glued the stamps. When you'd collected enough, you could redeem them for various kinds of merchandise.
And of course some supermarkets still do that.
Still, we’ve yet to see the SEC target any ICO purveyors who managed to refrain from promising big fat profits. There hasn’t been an ICO action whose legal case rests entirely on the idea that the “economic realities” of a sale made it a securities offering, sans explicit mention of profits. Yet it looks like the SEC is moving in that direction.
https://dealbreaker.com/2017/12/burn-one-down-for-the-munchee-ico/
Maybe you wanna checkout SynchroLife instead?
Stock Trader Charged in Insider Trading Ring
FOR IMMEDIATE RELEASE
2017-228
SEC Complaint
https://www.sec.gov/litigation/complaints/2017/comp-pr2017-228.pdf
Washington D.C., Dec. 11, 2017 —
The Securities and Exchange Commission today charged a former day trader with making more than $1 million in illegal insider trading profits as part of a ring that allegedly stole confidential information from investment banks and clients so they could trade in advance of secondary stock offerings.
The SEC alleges that Joseph Spera schemed with former colleagues, posing as legitimate portfolio managers to induce investment bankers to bring them ''over the wall'' and share nonpublic details about upcoming secondary offerings while agreeing not to disclose the information to others or trade before the offerings were announced. Spera and the others involved allegedly violated those agreements and tipped each other with confidential information that enabled them to trade for a profit ahead of public announcements.
The SEC and criminal authorities previously charged four others in the alleged insider trading ring in parallel actions. In total, the alleged insider trading by Spera and the others generated approximately $5.5 million in illicit profits, including illegal trades they made based on nonpublic information they obtained ahead of a major announcement by a large pharmaceutical company.
''We unraveled many strands of this alleged insider trading scheme by following the chain of tips downstream to those who benefited unlawfully by trading on confidential information that was obtained under false pretenses,'' said Sanjay Wadhwa, Senior Associate Director for Enforcement in the SEC's New York Regional Office.
The U.S. Attorney's Office for the District of New Jersey has filed a parallel criminal action against Spera, who agreed to plead guilty. Spera’s childhood friend Paul Petrello and two others charged initially, Steven Costantin and Ronald Chernin, have pleaded guilty in the criminal actions and agreed to partial settlements in the SEC cases with potential monetary sanctions to be determined at a later date. Litigation continues against the alleged ringleader of the scheme, Steven Fishoff, who recruited Spera into the fold along with Petrello.
The SEC's investigation, which is continuing, has been conducted by David Austin, Chevon Walker, Matthew Lambert, Stephen Johnson and George Stepaniuk. The litigation is being led by Todd Brody, and the case is being supervised by Mr. Wadhwa. The SEC appreciates the assistance of the U.S. Attorney's Office for the District of New Jersey and the Federal Bureau of Investigation as well as the Financial Industry Regulatory Authority and the Options Regulatory Surveillance Authority.
###
https://www.sec.gov/news/press-release/2017-228
Company Halts ICO After SEC Raises Registration Concerns
FOR IMMEDIATE RELEASE
2017-227
SEC Order
http://www.sec.gov/litigation/admin/2017/33-10445.pdf
Washington D.C., Dec. 11, 2017 —
A California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering (ICO) after being contacted by the Securities and Exchange Commission, and agreed to an order in which the Commission found that its conduct constituted unregistered securities offers and sales.
According to the SEC’s order, before any tokens were delivered to investors, Munchee Inc. refunded investor proceeds after the SEC intervened. Munchee was seeking $15 million in capital to improve an existing iPhone app centered on restaurant meal reviews and create an “ecosystem” in which Munchee and others would buy and sell goods and services using the tokens. The company communicated through its website, a white paper, and other means that it would use the proceeds to create the ecosystem, including eventually paying users in tokens for writing food reviews and selling both advertising to restaurants and “in-app” purchases to app users in exchange for tokens.
According to the order, in the course of the offering, the company and other promoters emphasized that investors could expect that efforts by the company and others would lead to an increase in value of the tokens. The company also emphasized it would take steps to create and support a secondary market for the tokens. Because of these and other company activities, investors would have had a reasonable belief that their investment in tokens could generate a return on their investment. As the SEC has said in the DAO Report of Investigation, a token can be a security based on the long-standing facts and circumstances test that includes assessing whether investors’ profits are to be derived from the managerial and entrepreneurial efforts of others.
“We will continue to scrutinize the market vigilantly for improper offerings that seek to sell securities to the general public without the required registration or exemption,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division. “In deciding not to impose a penalty, the Commission recognized that the company stopped the ICO quickly, immediately returned the proceeds before issuing tokens, and cooperated with the investigation.”
“Our primary focus remains investor protection and making sure that investors are being offered investment opportunities with all the information and disclosures required under the federal securities laws,” said Steven Peikin, Co-Director of the SEC’s Enforcement Division.
Munchee consented to the SEC’s cease-and-desist order without admitting or denying the findings.
The SEC’s new Cyber Unit is focused on misconduct involving distributed ledger technology and initial coin offerings, the spread of false information through electronic and social media, brokerage account takeovers, hacking to obtain nonpublic information, and threats to trading platforms. The SEC also has a Distributed Ledger Technology Working Group that focuses on various emerging applications of distributed ledger technology in the financial industry.
The SEC’s investigation was conducted by the Enforcement Division’s Cyber Unit and Complex Financial Instruments Unit, including Jeff Leasure, Brent Mitchell and James Murtha. The case was supervised by Robert Cohen, Reid Muoio, and Valerie Szczepanik.
The SEC’s Office of Investor Education and Advocacy issued an Investor Bulletin in July 2017 to make investors aware of the potential risks of participating in initial coin offerings.
###
https://www.sec.gov/news/press-release/2017-227
That's a good--and funny--article.
Burn One Down For The Munchee ICO
By OWEN DAVIS at 2:25 PM
https://dealbreaker.com/2017/12/burn-one-down-for-the-munchee-ico/
According to research I have done (albeit a crash course) the bad guys have found a way to get around ad blockers.
Thanks. Always something new...
App Maker Halts $15 Million Initial Coin Offering After SEC Investigation
https://www.sec.gov/litigation/admin/2017/33-10445.pdf
By Dave Michaels Updated Dec. 11, 2017 1:26 p.m. ET
https://www.wsj.com/articles/app-maker-halts-15-million-initial-coin-offering-after-sec-investigation-1513012449
WASHINGTON—The Securities and Exchange Commission intervened to halt a San Francisco company’s $15 million initial coin offering, another sign that regulators are continuing a crackdown on the new fundraising method.
The SEC said Monday that Munchee Inc.’s digital token sale was illegal because it was advertised to the public without providing investor disclosures that are required under the law. The case is the first in which the SEC has taken action against an ICO without making fraud claims.
Munchee Inc. sought to raise $15 million by selling tokens that it said could be traded and would rise in value as the firm expanded its business, claims that put the offering under the SEC’s jurisdiction. It offered the coin, which it called MUN, in exchange for bitcoin or Ethereum, the two best-known cryptocurrencies, the SEC said.
The company didn’t immediately respond to an email seeking comment.
Munchee operates an iPhone app for reviewing restaurants that it has described as a combination of Yelp and Instagram. It raised about $60,000 from 40 investors before the SEC contacted the company. The firm halted the offer hours after hearing from the regulator and didn’t pay a penalty to end the investigation, the SEC said in an order announcing the settlement.
“The commission recognized that the company stopped the ICO quickly, immediately returned the proceeds before issuing tokens, and cooperated with the investigation,” said Stephanie Avakian, the SEC’s enforcement co-director.
Initial coin offerings are similar to crowdfunding and usually offer buyers of digital tokens the right to use them at some future date to buy a product or service the company will develop. That’s what investors in Munchee’s ICO were told, the SEC said. The company also said the tokens would be used to pay people who used its app to review restaurants, the SEC said.
The SEC has telegraphed its intent to closely monitor ICOs. In July, it issued an investigative report in which it argued ICOs could meet the definition of a security and urged companies to make sure they had solid reasons to believe their deal was exempt from oversight.
Munchee issued a white paper in October that said its deal didn’t qualify as a security—but the firm didn’t back up the claim with any legal analysis, the SEC’s order said.
Companies can largely avoid SEC oversight if they limit the sale of their securities to wealthy investors and institutions. Otherwise, they have to register the sale with the SEC and provide investors with extensive disclosures that describe the business, its financial condition, and any risks or headwinds it is likely to face.
The SEC’s previous enforcement actions against ICOs involved allegations of fraud. In one case, the SEC said the salesman peddled tokens that didn’t exist. In another, the regulator alleged the promoter falsely promised a 13-fold profit in less than a month.
Write to Dave Michaels at dave.michaels@wsj.com
https://www.wsj.com/articles/app-maker-halts-15-million-initial-coin-offering-after-sec-investigation-1513012449
Ad-blockers are the best way to stop the unwanted mining. uBlock Origin still has the best IMO but I also run Adblock Plus alongside it.
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/
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |