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ooops.. :) And that is not a 2 goal scary lead...it's a 3er. I hate Florida teams by the way...
Might be worth a small buy with the divi. Those type of equities are shite' though in my opinion. So no go :)
Yes. The SEC has sued them, and the State of California has filed criminal charges:
https://www.sec.gov/litigation/litreleases/lr-26001
Hope nobody here is a Fatburger fan.
HOCKEY! New goalie tonight and Maroon in a MAJOR brawl early. Take Boston and over 5.5.
Fat Brands stock craters after company, chair Andy Wiederhorn charged in $47 million ‘sham’ loan scheme
PUBLISHED FRI, MAY 10 202411:37 AM EDTUPDATED AN HOUR AGO
https://www.cnbc.com/2024/05/10/fat-brands-chair-andy-wiederhorn-indicted-in-47-million-loan-scheme.html
yes...no wonder he DUMPED recklessly his SHARES in $GSTC last few days
The current suit could be more damaging to Kramer. This part of what the SEC wants could hit him where it hurts. I believe it extends to all the convertible securities he owns:
Ordering Defendants to surrender any conversion rights under any remaining unconverted convertible notes, stocks, or other securities held by Defendants and surrender for cancellation any unsold shares of common stock obtained by Defendants through the conversion of convertible notes, stocks, or other securities, pursuant to Exchange Act §§ 21(d)(5) [15 U.S.C.§§ 78u(d)(5)].
Jesus Christ 25 years here and I'm still amazed at how filthy this game is...the whole pink sheet sewers should be shut down once and for all
hey how did jakey make out with the apple lawsuit? the kid a billionaire yet?
my opinion is the whole pink sewers otc is a ATM for insiders and its debt holders.
$GSTC 78 million served today at 0005
a CURT KRAMER pump and dump that should be investigated.i guess the SEC allows this as long as CURT pays fines.
https://courthousenews.com/sec-settles-for-1-4m/
$GSTC 78 million served today at 0005
a CURT KRAMER pump and dump that should be investigated.i guess the SEC allows this as long as CURT pays fines.
https://courthousenews.com/sec-settles-for-1-4m/
https://sec.gov/litigation/litreleases/lr-25995
Lmmfao
Thats priceless!
I got 5 minutes in and realized there was still half an hour left - NOt happening
What?! He couldn't elevate it to espresso mochas?
Madoff cornered the hot chocolate market during his imprisonment.
https://www.businessinsider.com/bernie-madoff-hot-chocolate-prison-jail-ponzi-supernova-2017-1
Rangers win in OT to go up 3-0 and play Saturday night in Raleigh. They are trying to break the President's Cup jinx.
i will never get this time back.
There's A Future In Rice Futures
https://www.businessinsider.com/sbf-first-interview-prison-ftx-cryptocurrency-rice-2024-5
Pat, can I buy a “N” please ?
Cu_t Kramer's latest missed steak is cheaping OUTT on legal counsel. I looked into the micro-lawfirm that issued the PR and the firm's lawyers and am, being charitable, very unimpressed.
NEVER cheapiOUTT on lawyers, physicians, dentists, accountants, or bodyguards. If you do, it will likely cost you a lot more in the long run.
This case will be decided at the appellate court unless Cu_t gives up after a trial court loss. As such, this case requires excellent appellate lawyer(s) who specialize in Federal appeal work (and do mostly nothing butt appellate work) on the trial team to ensure the litigation is conducted so as to tee up the appeal and preserve (by raising) all issues and evidence needed to maximize the chance of success on appeal. To optimize the trial court record and nott impair or fail to raise key appeal issues or support them adequately with evidence and timely motion practice.
This case ends two ways - Cu_t accepts a loss at trial or the case goes to appeal and is substantively decided at the appellate level based on issue(s) of law, nott issues of fact. If Cu_t somehow prevails at the district court level, the SEC will certainly appeal.
Cu_t should shellQUTT the bucks for better legal counsel at a shop that has excellent Federal appellate lawyers,trial lawyers, and robust securities practice. Offhand, this would be an AmLaw100-level firm or,, reaching down, AmLaw200-level. IF they would take PowerUp and Cu_t as clients.
Cu_t should have learnt from his Mazuma experience.
What a series. Man...if Rngrs end up 3-0, carolina is getting the unfair description..lol. This is great shite'
Oh...this ...... "I am sure his clients are not at all happy with him right about now, as his "investments" is the only "financing" they can get"
Is dead on...but he doesn't care. And again....says a lot about the Issuers..eh? ...lol.
Again, I don't see all of them as toxic. I do, on the other hand, see all Issuers that use them as "toxic".
I don't think he is trying to fool anyone. He just wants to argue his case..... which is warranted.
But, yeah...he probably doesn't have a chance..lol.
Yes..great descriptive word..." parasitic". Lol...fn' perfect. The most sensible "first" approach is amending the applicable rule. Simply make the minimal requirement @ one year and eliminate the six month hold. You clean out the Issuer and Lender ...as well as short term investor. There is no money in that though for the SEC...and the notion of liquidity will be raised probably. It's all bull shite' apparently.....as is everything...lol :)
I'm inclined to agree. It's really a sort of parasitic relationship between issuer and financier. But far as I know, there's no law against diluting your stock into the ground.
Yes to everything. I suppose Kramer's been expecting this to happen for quite a while now. The SEC's going after them pretty methodically.
You should stop believing anything a toxic lender says. He is full of crap, and his claim of the vote for dealers has anything to do with his case is 100% wrong. The new vote was held in February 2024, which is years after the SEC starting going after, and beating, the toxic lenders. The new rule also does not change the rule that Kramer is complaining about, so the SEC's position regarding toxic lenders is unaffected. It instead is being applied to OTHER types of traders, and really has no relationship to his case at all.
Instead, it is just more intentional obfuscation by Kramer to try to drum up support for himself by fooling the stupid and ignorant, and those that hate the SEC by nature and think everything they and the government does is oppressive and wrong.
Yes..I know. I also read the complaint. And yes...he knew what he was doing..and argues that same fact with regards to the SEC. The bottom line is that the Lender is not toxic, the Issuer is. That is the SEC target, but it goes for the cash instead.
My issue is what is deemed as a broker/dealer in this and similar scenarios. I wish the SEC would address such appropriately and go after the Issuer. That is where the rule needs to be placed..firmly.
Yeah, it is just CYA PR. I am sure his clients are not at all happy with him right about now, as his "investments" is the only "financing" they can get. So, with him out of the picture, they are all gonna die a lot quicker than they expected. Those officers and directors of his clients are going to have to pare their caviar bills.
It is especially ridiculous that the PR was put out by a law firm that should know better than anyone that the SEC NEVER APPROVES ANYTHING. Complete BS, and shame on them for claiming otherwise.
And throwing in the two SEC attorneys that resigned due to a crypto case is really a reach. Especially since they ignore the long line of SEC's home runs on the dealer issue.
C'mon. Curt Kramer's been sued by the SEC at least twice before this. He's always known exactly what he was doing.
Except at the very beginning, perhaps. Back around 2006, he bought a convertible note or something--I forget the details--from the notorious Pearlasia of PAIM/ZNXT. Pearlie was diluting like crazy, and some of her formerly-loyal shareholders were getting pissed off.
She sent one of them an email saying that if he didn't like PAIM, he could just sell his stock. And that as a matter of fact, she knew someone who was interested in buying unlimited amounts. His name was Curt Kramer. And then she offered his work and personal phone numbers.
He got a lot of calls.
As for the broker-dealer thing, see:
https://www.sec.gov/about/reports-publications/investor-publications/guide-broker-dealer-registration
He says he is innocent because he has been issuing toxic paper for over a decade and the SEC never charged him before now, so that somehow equates to approval and legality.
Oh lord! That IS ridiculous. What did Kramer mean by this?
"We are surprised and disappointed that the SEC would bring this action based on loans that the SEC itself reviewed and approved," said Curt Kramer...
That the he got convertible securities, and that the common stock he got on conversion was registered by an S-1 offering? That would involve an SEC review.
These are the two SEC attorneys who resigned:
https://finance.yahoo.com/news/two-sec-lawyers-resign-agency-172240276.html#
I don't know. The rule wasn't a clean unanimous vote. Doesn't have to be ..but still. Power Up was one of the only efficient ones out there and this statement just kills me:
Los Angeles has Crypto Arena which used to be the Staples Center.
https://en.wikipedia.org/wiki/Crypto.com_Arena
They might survive as FTX holders are now going to be reimbursed for what they lost. I'm sure that's tied to how bitcoin has gone up in value.
Curt Kramer's defense to the SEC charges is damn lame. And won't get him anywhere.
He says he is innocent because he has been issuing toxic paper for over a decade and the SEC never charged him before now, so that somehow equates to approval and legality.
Uh huh.
No mention, of course, that the SEC is currently batting 1.000 in all their cases against other toxic dealers under the exact same violations. And that isn't just the ones who have settled the cases. The ones that have fought the charges in court have all lost, as the Courts have sided entirely with the SEC. I doubt this will end any differently.
https://www.prnewswire.com/news-releases/naidich-wurman-llp-responds-to-sec-complaint-on-behalf-of-power-up-lending-group-ltd-geneva-roth-remark-holdings-inc-1800-diagonal-lending-llc-and-curt-kramer-302138775.html
Saw this on another board . . .
Meanwhile virtually every major stock index continues inching northward. Large cap, medium cap and even smaller caps. "Smart investing is usually boring.".
Yes a few high flyers crashed hard like ENRON after they names stadiums and such. I know there are a few others but cannot recall them right now - maybe a crypto one. Canada only has a handful of banks and HSBC just was bought out by RBC making one less.
I wasn't implying TD Bank is a failing bank. I'm very familiar with them and BMO having dealt with both banks when I was working. I agree Canada's bank system is probably better run than the US but we also have a lot more banks.
My point was about naming rights to sports venues and the curse that gets tied to them when a company fails.
Enron Park is a good example.
PTI. I would love to see the Rangers take 2 in Raleigh then go home for a rest while the Bruins and Panthers battle it out. And how about those Knickerbockers!
Some should learn to do some real DD also!
Sounds like an old shell game you see with 3 walnut shells and a pea. lol.
Some great fights! I split on my bets. Dis not think the over 5.5 would be so lopsided. I actually thought Boston would lose by 1 so I took the 1.5. On to game 3 at Boston!
Thanks. And that should answer his question!
HOW CAN THUS BE Trading FOR A PENNY WITH BOOKS LIKE THIS
They might try filing once in a while. lol.
Three accounts on iHub posted photos of a person's kids, their mom, dad, brothers, etc claiming they were part of a crime ring for naked shorting. They made multiple threats. This person and their family don't even know what OTC is, let alone the accusations. iHub only deleted the photos with the kids in them and any threats, didn't ban the persons, and their council rejected the request for information.
Jake hasn't cited a single instance of any of these posters doing this, in fact, he has admitted he included someone who hasn't posted about him in 4 years openly on iHub. This will go where all his lawsuits go, the trash,
i see he has tried this before.
COLOSSEUM COUNSEL
Attorneys at Law
3811
Airport Pulling Rd. Ste. 203
Naples, FL 34105
Tel: 239
-
631
-
8160
Fax: 239
-
529
-
2315
Vito M. Roppo, Esq.
James R. Chillemi, Esq.
August 2
9
,
2019
VIA
EMAIL
:
InvestorsHub.com, Inc.
legal@investorshub.com
c/o Corporation Service Company
1201 Hays Street
Tallahassee, FL 32301
My Client:
Jake P. Noch
Re:
Identifying Defamatory
registered
users of iHub
To Whom It May Concern:
This
law firm represents Jake Noch, and we write with
respect to clear
-
cut violations of the
Terms of Service (“
TOS
”) of InvestorHub.com, Inc. (“
iHub
”) by certain users. The TOS imposes
the responsibility on iHub’s members to “
to bring violations of the Terms by other members to
iHub's attention.” See TOS at
§ 5.
In that regard, Mr. Noch has become
aware of unwarranted and
deragory statements
that are
derogatory to his character and reputation, especially amongst
investors
––
in violation of Section 5’s prohibition against, among other things, defamatory and
l
ibelous material
.
These libelous claims have been made as posts on your Investors Hub comments boards
by registered iHub users with impunity
and meant to portray
Mr. Noch
as being involved in illegal
and
criminal
activity
. The following users and
their
posts are
summarized
as follows:
iHub Letter.pdf
1)
A registered user by the name of “
-
Teffy
-
Trader
-
”
,
who has been a
registered member since July 29
th
, 2009 on the iHub boards
,
has made
numerous posts that disparaged Jake’s character and reputation. For
example, he
unfairl
y
questioned
my clients
investing history
,
said
his “gig
was up”
, referred to his investing plans as a “pump and dump” and that his
investments were
“not for real money to be i
n”.
2)
Another registered user with the profile name of “Crowin”, that has been
a
member of Investors Hub since February 19
th
, 2005 has also made several
disparaging comments
about my client.
“Crowin” has specifically made his
website signature to be that he “has been exposing scam stocks for 14 years”
further adding to the libelous
nature of his claims about my client.
This iHub
member posted that my client
“has no claim” to IFLM
(the company stock
in question). As well as s
pecifically referring to
m
y clients investments as a
scam in several posts.
3)
A user by the name of “Homebrew”,
who has been a registered member
since October 29, 2013 has
r
eferred to
my client and his endeavors in
various
iHub
posts as “
failure
..
crap
...
zombie
... [a]
pump and dump
”...
and as not making any financial sense. Specifically, this user referred to my
client
as
“Jake
-
the
-
snake dude scammer... as an insult to snakes
” that would
“
screw with investors
”
.
4)
“munimi”, a
member
since April 4
th
, 2017
posted that my client was a
“spoiled little brat” that got schooled
by other parties and that he was just
using his rich
parents money. In other posts he refers to my client as
“
Jake"TheBurntCake
”...
is
a
clueless
idiot
who
doesn't
know
what
he
is
doing,
and
needs
an
adult
supervision,
which
was
obvious
to
most
people
since
day
1”
. Other posts by “munimi” refer to my client
as a dog, described
him as a “desperate kid.....with embarrassingly desperate brags”, and that
his involvement will lead to a bad result for all involved.
5)
“nitwit”,
a
member since April 13
th
, 2006
referred to my client as “pretty
boring”.
6)
“nodummy”
,
a
me
mber since February 26, 2010
posted that my client was
a serial pump and dumper
, as a senseless investor,
and that his investments
amounted to nothing more than a stock manipulation scheme.
7)
“surfkast”
, a
member since June 10
th
, 2006
that
explicitly
calls
himself
a
“
scam buster
” on his member profile posted that my client was “smoking
crack” a “complete and total idiot” and that his investment claims were
beyond comical”. As well as describing my clients investments as a “proven
scam... dead in the water”
iHub Letter.pdf
8)
“
THall”,
a registered
member since October 27
th
, 2006
posted that my
clients investments will send most traders into bankruptcy and as an idiot
that will be jailed for insider trading and stock manipulation”.
9)
“Trader59”,
a
member since January 20, 2015
posted that my client was
“reckless and incompetent”, “childish and erratic [in] nature”, ridiculed his
living situation and accused him of running an illegal pump and dump
scheme.
As registered users of iHub, these people were allowed to remain anonymou
s and hide any
personally identifying information behind their screen names.
All of these posts were done within
the context of disparaging my client and his investments and had the general purpose of accusing
him of
criminal activity, including an
illegal
pump and dump scheme
,
as well as tarnishing his
name and hard
-
earned reputation amongst other 3
rd
parties and investors. This was done by them
posting these defamatory claims on iHub
posts for others to see and connect the defamatory claims
to my client in a bad light. Thus, he has asked us to pursue legal action against these users.
Prior to formally issuing a subpoena or other legal process, as contemplated in “Other
Disclosure” i
n iHub’s Privacy Policy,
we ask
that you provide
us
with the personally identifying
information that each member must provide when registering with iHub, including but not limited
to: full names, email addresses, credit card information to make any site du
es, and I.P. addresses
for when they have
accessed iHub
.
Because these derogatory claims
can be seen as libelous we
ask that your company divulge the identifying information in your records that could be used to
identify all of the iHub members listed abov
e.
My client aim
s
to stress
their
intention to resolve
this matter harmoniously and avoid any need for
costly
litigation.
My client
merely wants
to
identify the people behind these defamatory claims and pursue litigation against them.
Unless
you
respon
d to our requests to identify these iHub members
within the next
ten (10)
days,
we will be forced to file legal action against you
as
well as filing a complaint
with the Better Business Bureau. Please contact my office to correspond with me about
the
best
means
for
transmitting the proper identify
ing information within 10 days.
Kind regards,
/s/ Vito M. Roppo, Esq.
Vito M. Roppo, Esq.
Fla. Bar No.: 112153
Attorneys for
Jake Noch
Colosseum Counsel, PLLC
3811 Airport Pulling Road, Ste. 203
Naples, Florida 34105
Phone:(239)
-
631
-
8160
E
-
Mail:
vito@fightforme.com
https://www.dropbox.com/s/heyly8v5nq2v90g/iHub%20Letter.pdf?e=3&dl=0
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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