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I think you're right about all of that.
In addition, though he's been successful in suing toxic lenders on behalf of issuers, that's only been because he figured out how to show what they were doing violated New York State's usury laws.
But that's not the case in other states, and at bottom, not many penny companies are incorporated in New York. So as you say, his opportunities are evaporating. But now he's got the support of lots of people who know nothing about shorting, or about the markets generally.
It's hard to see, though, how he could possibly be "extremely disturbed" to have noticed--presumably when he happened to awake at 2 a.m.--that "any time articles are written, they are 95% written to support short selling (legal) as somehow helping to stabilize markets, help liquidity, etc."
Anyone who's involved in the markets in any way should know and understand that.
40+ years retired mechanic, if you needed a truck to work you bought a Ford, if you wanted to drive around thinking you where driving a truck you bought a Chevrolet, or a GMC--built on the shift that couldn't spell Chevrolet.
I just have to shake my head at the stupidity/ignorance of that crowd.
Basile isn't stupid. IIRC, his recent claim to fame is suing toxic convertible holders on behalf of the issuers. And winning. He has been victorious against many of the ones the SEC hasn't gotten around to shutting down yet. So he knows how the micro-cap system works much better than the average securities attorney, much less the vast majority of attorneys. That leads me to believe either he fell and hit his head HARD on something, or he is playing to the crowd looking for a piece of the anti-shorting action. Especially since his bread and butter of suing toxic lenders is quickly going away. That leads me to believe it is the latter.
That Q2 guidance from NVIDIA smells
Amazing earnings beat by NVIDIA which shot up ~25% after hours. Market cap is a colossal $755 billion.
I have nothing against Ford Cars. My son's first car at age 16 was a used 2001 Ford Explorer. Worked flawlessly always. He traded it for a 2017 Explorer a few years ago. Zero problems with that car too.
TSLA is one stock I'd expect to see in or near the RobinHood top 10.
Oh..that's right. Sometimes the brain takes a pause..lol.
Yes, there could have been a civil penalty in addition to the disgorgement.
I'm a little confused here
The SEC obtains another consent judgment, this one against penny promoter Eleazar Kauderer:
SEC Obtains Final Judgments Against Stock Promoter and Microcap Issuer in Penny Stock Fraud Scheme
https://www.sec.gov/litigation/litreleases/2023/lr25734.htm
A big nope there. So the number one selling truck for 46 years straight is junk. I don't think so.
Good for you. You should report your findings to Consumer Reports.
Do you think I should short CMI
One of the replies:
@BasileEsq
— skoonr1 (@skoonr1) May 24, 2023
...$GTii guy here and small mmtlp
...do you have a Hunch....this could be overseas actually terrrorist funded?
NVDA is about to report. LCID I don't think will ever make it but that is just my opinion.
GME was selling while people were buying.
TSLA is CNBC's favorite stock to track.
Bingo! The expanded tweet is... remarkable. Does he actually believe what he says? I think you may be right: he's just playing to the crowd.
SMH...
Like I wrote: Ford shitboxes.
Before COVID I traveled on binniss a lott - renting cars 20-24 times per year.on average - experiencing all kinds of makes and models. Various sizes and types. Fords are junk.They peaked (post-1950s) with the Fusion in the 2000s - which was still far below Camry or Accord.in almost every respect - and below Altimas -- hell, even a bit below KIAs and Hyundais priced far lower.
https://www.autolist.com/guides/most-reliable-car-brands
There is a reason the SUV is called the Ford Exploder. C-Max was junk.
The Focus, Festiva (which was no party), and Fiesta (also no party) were garbage that should have been delivered directly to scrap yards.
And those terrible diesels - was it the 6.0 or 6.3 PowerStroke that was the worst (least reliable and shortest-lived) diesel ever built by anyone, including the USSR?
Here's the May 2023 Robinhood "Conviction" index. They sure love cars and the old meme stocks, GME and AMC. I'm not saying they're all junk, but some, like tiny profitless LCID, are odd choices.
https://robinhood.com/us/en/investor-index/
I miss when RH published the top 50. But I think they were embarrassed by some of the rubbish their newbie "clients" had fallen for.
I don't follow the RH kiddies nor the naysayers that think Fords are shitboxes.
We are talking about cars.
You didn't read my article. But thanks anyways.
Ford is where it was 7 years ago (actually down a little). I see the RH kiddies blip with their stimulus cash..
Nott an industry leader. Nott a brand with a good rep.Highly competitive industry.
Maybe in the 1920s-thru-1950s. The old Ford Flathead V8 from the 30's was a steppe ahead of the competition.
Today - it's NCR or Alcatel-Lucent or US Steel.
IEP is now down another 12%. Was wondering who the sleazeballs fear most: The SEC or Hindenburg.
One thing that would worry me about F is it's immensely popular among "RobinHood Kids." Almost number one. A few years before, the RH crew went nuts over MJ stocks. Wet-Behind-The-Ears investors tend to pile into spent fads, such as Covid recovery plays and, of course, EV stocks.
RobinHood "investors" don't do any real research which involves reading and work. They just see what stocks their friends are in and then pile on. For example, no RH kid wants to own a perfectly profitable trash hauler like Waste Management Inc. They pick stocks like they pick their clothing brands.
The short selling "outrage" is now spreading.
https://twitter.com/basileesq/status/1660997469902184449?s=12&t=M61PlQlPGFQO2gB1R81cOg
He knows better. Or at least he should. Assuming he even wrote this BS.
I think he actually DOES know better and instead he is faking the outrage to get clients.
Regardless of the motivation, it is completely pathetic. Basile has hit a new all-time low.
No, as usual, I'm correct:
https://en.wikipedia.org/wiki/Fiat_Trattori
in 1991, it took over Ford-New Holland and adopted its name to increase its status on the world markets.
https://www.agriculture.com/machinery/tractors/genesis-how-ford-got-out-of-the-tractor-business-in-grand-style
When Fiat bought Ford-New Holland, it was written in the contract that they could continue to use the Ford name for the next few years to keep sales rolling. Nobody knew the Fiat name here in the states other than for teeny tin can sportscars.
Former JPMorgan exec Jes Staley loses bid to dismiss suit over Jeffrey Epstein ties
PUBLISHED WED, MAY 24 202312:40 PM EDTUPDATED 1 MIN AGO
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Dan Mangan
@_DANMANGAN
KEY POINTS
A federal judge denied former JPMorgan Chase executive Jes Staley’s request to dismiss a lawsuit by the bank that seeks to hold him legally liable for sex trafficking by former JPMorgan customer Jeffrey Epstein.
The ruling came two days before JPMorgan CEO Jamie Dimon is scheduled to be deposed in a lawsuit by the U.S. Virgin Islands against the bank over its relationship with the late predator Epstein.
https://www.cnbc.com/2023/05/24/former-jpmorgan-exec-jes-staley-loses-bid-to-dismiss-suit-over-jeffrey-epstein-ties.html
Do you think they should cut their divy considering the stock is undervalued?
So Ford's low-quality shitboxes will come standard with three point hitches, PTO, and a passal of farm implement attachments as options?
What does Ford intend to brand its new combine division, Lincoln-Mercury is already taken. Ford started to make tractors under the original Henry Ford. In 1991, Ford sold its tractor division to Fiat and it is now part of the New Holland brand - in farmville, New Holland is about a Kubota level - in auto parlance rankings, it would be like Chrysler - big volume butt a third-tier quality reputation - or maybe an upscale Fiat. Nott terrible, butt nott a Deere or the second-runner IH Case. Deere is the Mercedes/Bentley/Porsche/BMW of tractors and combines - and you pay for that.
Ford had been a middle-level solid, basic tractor. Nothing your neighbors would come and congratulate you on buying - like a Ford Falcon or Taurus. I drove a blue Ford 4-banger tractor few times on a farm I worked on as a kid. It was like a Dodge Aspen or Volare. Basic meat-and-potatoes, blocking-and-tackling, no-frills service animal.
https://www.motorcities.org/story-of-the-week/2017/the-early-years-of-ford-tractors-1907-1961
Introducing the 2028 Ford EcoGreen Galaxie 500 tractor w/plow
2028 Ford EcoGreen Combine
2028 Ford EcoGreen F-150 Farm Truck
Does Icahn L.P. fall 7% everyday?
IEP $25.62 (off 7.3%)
"Ford’s Plan to Improve Its Stock Performance? Be More Like Deere."
https://www.barrons.com/articles/ford-stock-plan-deere-ev-electric-vehicles-b417d02f
WSJ: "Near-Term T-Bill Yields Brush 6% Amid Debt-Ceiling Talks"
Well the bills need to be paid. Those rates will drop once people understand the sky is not falling.
https://www.cnbc.com/bonds/
We've seen these inversions before.
Did somebody say nimble?
It's very short term rates with maturities around early June that are dramatically spiking. Longer term debt of several years hasn't risen much. Five year treasuries yield only 3.7%.
13 week treasury bills yield 5.15% right now.
I'll take it!!
Whist I have been thinking generally of something on a secluded, very sparsely populated, spring-fed lake in Ontario, northern Minnesota, northern Cheeseconsin, the YouPee of MIchigan, or Manitoba, I can settle for this instead:
https://news.yahoo.com/one-putins-closest-friends-built-052646192.html
DaSquaw will appreciate the wine cellar, as she has accumulated hunnerts of bottles over the past three decades which remain dusty, racked, and unopened beneath the Hacienda. The billiard room will get much use. As will the pool and sauna.
Executive Summary: In virtually all public corporations there will be a degree of incongruence between the motives of shareholders and those of management. In REITs, this degree of inCONgruity approaches the maximum of that in legit public corporations (pennyscams excepted).
-----------------------------------------END EXECUTIVE SUMMARY---------------------------------------------
I prefer investing (money and/or time) in companies where the interests of management are closely correlated with those of shareholders.
Pennystocks are an extreme situation where, in many cases, the correlation coefficient is negative, and in some cases can approach negative 1.0 - i.e., -.1.0 when common stockholders are intentional prey for management to feast upon (upon which management feasts)..
The other unspoken advantage of REITs, for management, nott shareholders, is the facility of using Chapter 11 reorg bankruptcy to climb the enterprise from the pit of debt and losses leaving creditors and shareholders behind butt leaving entrenched management largely unscathed. This skews the motivation of management to take early remedial actions and makes it easier for them to deploy excuses, rosy forecasts, and smoke-blowing until BK becomes inevitable. It skews management's incentive to overvalue reward and undervalue risk - they can strive to be , homerun-hitting big swingers with lots of strike~OUTTs and still gett endless plate appearances; they do nott meed to try to be high batting average hitters swinging for singles to gett on base or move baserunners - REIT mangements don't worry about the team or standings, they worry only about their own personal home run totals.
"The world today is a larger version of the Weimar Republic." - Dominic Green (23 May 2023)
This will be a great opportunity to buy assets being sold on fear, if it transpires or even just gets close. I have pile of superliquid cash that is waiting to deploy if the situation evolves as it may - as does WARREN (of the Buffett-Berkshire caste nott the Cherokee Nation).
It would be a good time for acquiring a variety of US sovereign debt (Treasuries, agency debt) and select equities (defense CONtractors, solid dividend payers) and NO REITs. Butt be quick because the window, if it opens, likely won't last long.
Gotta be ready and nimble. No pennyvestor "waiting for funds to clear" nonsense.
It's actually really scary. Perception may make this worse as well. But, it is the largest and quickest jump in the annual Treasury Rate since circa 80'.
The reality is desperation on their part..and that sucks.
WSJ: "Near-Term T-Bill Yields Brush 6% Amid Debt-Ceiling Talks"
* "Investors' growing anxiety about the debt-ceiling standoff is further warping short-term debt markets as the June 1 deal-deadline approaches:
* Yields on Treasury bills that mature on June 6 have climbed past 6%, with yields reaching 6.078% in recent trading.
* Yields on T-bills maturing June 8 are at similar levels, according to Tradeweb. Rising yields reflect greater perceived risk; a bond's yield rises as its price falls."
"Investors are worried that a failure to raise the debt ceiling could disrupt timely repayment of Treasury debt, widely considered the safest securities in the world. The concerns have boosted demand for late-summer bills—September maturities are trading around 5.3%. More investors are also turning to high-quality corporate debt as a safe haven."
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-05-23-2023/card/near-term-t-bill-yields-brush-6-amid-debt-ceiling-talks-ZLc3u1VjKwdEsj2zQdV0
I'd never heard of him, either. He does have a career, but evidently felt he needed more money to promote it. So I guess he decided running a Ponzi scheme was the way to go.
Another rapper I never heard of lol
I hope you won't be disappointed, but I very much doubt that will happen. Since it's a civil case and all that.
Well you certainly are patient. lol.
I await the 6AM FBI SWAT team raid arresting LARRY "Harry and" DAVID for his role in pumping crypto fraud as a paid promoter. They can put him in JEPSTEIN's old cell the Brooklyn MDC and issue him extra bedsheets and shoelaces.
Alas poor Janice being confused with rich Javice twice in one day.
I wonder which one is trending on Twitter?
I do find it laughable that Javice with a V managed to con JPM out of $175M.
The SEC is going after rapper BigRigBaby (a.k.a. Patrick Earl Williams) for offering fraud:
https://www.sec.gov/news/press-release/2023-97
Complaint:
https://www.sec.gov/news/press-release/2023-97
“At least in Ireland you can get the Big Mac to go and stop in at the local pub for a black and tan.”
Not if you live in rural West Cork you can’t. It’s 70 km to our nearest sign of the Golden Arches or any other fast food restaurant (although there are two Michelin starred restaurants within 15 km).
i find it quite interesting that Ichan the corporate raider who took over boards to run them his way ends up on the other end in some ways
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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