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Don't you dare insult hockey. It's the weekend....not to mention the Stanley Cup playoffs:
You see this:
That beautiful image is of the Stanley Cup. There is no greater tradition with that trophy..it goes everywhere when handed over to the winner. It's eatn' out of...drunk out of...banged up and loved. Respect it friend. :)
p.s. https://www.shuffleboardfederation.com/2024nasc.html I'm sure you insulted/pissed off a ton of shuffle board fans as well. lol...lol...lol.....they are scary as hell too.....so watch out!
p.s.s. You are damn lucky you didn't mention Curling...all hell would have broken out
I don't share the obsession with hockey. But it is the weekend.
Anyone know who is leading the shuffle board championship? Tia😀
(edit)Sons of bitches are down by one now.....Jesus. edit. scratch that..tied up...damn man.
I would love to see Rangers/Boston. But Boston has to get back on track quickly!
The Rangers will be waiting.
Are they sure it isn't dog poop?
And I have no desire to go to SF or Iowa to watch the corn grow.
"Jim Simons, mathematician who founded the most successful quantitative hedge fund of all time, passed away at 86 on Friday in New York City, his foundation announced on its website
Total meltdown. Did hit the over 5.5 Still even
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.".
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
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http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/
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