Moderators: Autom8 Assistants: lemmy
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Created: 07/24/2007 07:32:13 PM - Followers: 23 - Board type: Premium - Posts Today: 0
THE RULES OF THE BOARD:

1. Nominate your favorite P.O.S. stock and its CEO in a post.
2. Give at least 3 facts as to why this stock is a P.O.S.
3. Each week the biggest P.O.S. stocks will be put in the iBOX.
4. Do not try and defend a stock.
5. Your post must identify a P.O.S. stock to be considered on-topic.
6. Only on-topic posts are allowed - all others will be deleted.
7. Follow TOU rules - especially regarding PERSONAL attacks.
8. Talk only about P.O.S. stocks.
9. The MODS will have final decision regarding what stock is a P.O.S.
10. Any stock that is not considered a P.O.S. by the MODS will be deleted.
11. If your upset that your stock nomination is deleted - start your own board.

P.O.S. stocks are securities in a company that do some or all of the following:

- Dilutes
- Creates bag holders
- Performs more than 2 R/S within a year diluting thereafter
- Changes business plans more than 2 times in a year
- Has a majorly declining PPS
- Misleads shareholders with pump and dump PR's
- Releases PR's regarding deals that never get mentioned again
- Has more than 1 paid promoter AND a majorly declining PPS
- Has shady management with shady pasts
- Trades on the pink sheets
- Has only 1 employee who only knows how to hit the SELL button
- Is located only in a foreign country with no US offices
- Mentions the word BILLIONS in a PR only to decline thereafter
- Has a CEO who goes missing

.....FEEL FREE TO ADD TO THIS LIST BY POSTING YOUR THOUGHTS.


And if you have any doubt if your stock is a P.O.S read this post because it probably is: http://siliconinvestor.advfn.com/readmsg.aspx?msgid=13282288

Enjoy!!!





Other Boards of Interest:
http://investorshub.advfn.com/boards/board.asp?board_id=7251 - Scammy CEO's

Links of Interest
http://pennystock-fraud.info/news.php

Check this out on FCPG - a stock I MOD the board of and declared a POS scam a while ago!!!
http://investorshub.advfn.com/boards/read_msg.asp?message_id=17790878

SEC Charges Software Firm with Stock Scam By Aaron Seward
September 6, 2007

The SEC has charged a Fresno, California-based software company and its CEO with running an illegal stock scheme that raised nearly $1.5 million.

FacePrint Global Solutions and its CEO Pierre Cote, sold millions of shares of stock to the public through nominee accounts, without registering the shares with the Commission. According to the complaint, Cote then funneled the proceeds of the sales back to FacePrint, a struggling start-up company purportedly in the business of developing facial recognition software for use in fighting crime and terrorism.

The Commission charged FacePrint and Cote with securities registration violations as well as violations of the rules governing the distribution of securities. The regulator also charged Cote with violations of stock ownership reporting requirements.

In its suit, the SEC seeks disgorgement and interest, and civil penalties from both FacePrint and Cote. The SEC also seeks an order barring Cote from participating in penny stock offerings, as well as permanent injunctions against future violations of the securities laws.

Cote began his scheme to circumvent stock registration regulations in 2004, according to the SEC. He allegedly entered into arrangements with two acquaintances to transfer FacePrint shares into brokerage accounts under their names. From those accounts, Cote sold the stock to the public and funnelled the proceeds back to the company.

The two acquaintances were FacePrint's graphics director and the 20-year-old niece of Cote's assistant. Cote allegedly agreed to pay those nominees percentages of the sales of FacePrint stock.

The SEC said that FacePrint registered its stock with Form S-8, which is for the registration of securities to be issued by a company to employees or consultants. Form S-8 is a short-form document that is not as detailed as registration forms required for a public offering of stock.

By those means, Cote conducted a public sale of FacePrint stock without informing the public about the company's true condition. Despite the company's claims that it is developing a facial recognition software called "EZ-FACE," said the SEC, FacePrint has yet to produce a software product or sell any software. In 2005 and 2006, FacePrint reported only $13,412 and $253 in revenue, all from selling playing cards showing the faces of wanted criminals.

The SEC also alleged that Cote timed some of the largest sell-offs from his nominees' accounts to coincide with company press releases and company-sponsored span email campaigns. In all, Cote sold more than nine million FacePrint shares through his nominees' accounts, which the SEC said was approximately 26.5% of all sales of FacePrint stock. He also purchased nearly 900,000 shares from the nominee accounts himself, said the SEC.

Cote also allegedly hired several stock promoters to tout FacePrint stock by email and other means. To compensate the promoters Cote issued them more S-8 shares, which the promoters then sold to the public.

Have a comment? Let us know what you think of this or another CCH Wall Street story by clicking here.

http://www1.cchwallstreet.com/ws-portal/content/news/container.jsp?fn=09-06-07


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#374 NSAV and James Tilton. MajorProfits 02/20/2020 12:41:46 PM
#373 SLNX-POS of the year!! BettingAngles 06/21/2014 09:54:52 AM
#372 I got a new one and this one EastCoastCdn 10/08/2010 09:08:52 PM
#371 yes! Sounds like a Huge P.O.S. Autom8 08/17/2010 01:54:39 PM
#370 Doesn't IDCN meet these guidelines? hellcatjr 08/13/2010 09:13:23 PM
#369 [YT]M0Kb8Pt0Olo[/YT] Autom8 01/28/2010 02:55:55 PM
#368 :-{ Autom8 01/21/2010 09:04:48 AM
#367 when those 7bil shares get unwound the shareholders Autom8 01/19/2010 02:39:38 PM
#366 The US Gov/Taxpayers own 7billion shares Autom8 01/19/2010 02:39:03 PM
#365 C has an AS of 23Billion shares...LOL what Autom8 01/19/2010 02:38:36 PM
#364 Nominate C for biggest POS on the big boards! Autom8 01/19/2010 02:38:13 PM
#363 No problem, EastCoastCdn 01/14/2010 09:05:32 PM
#362 Classic POS .PK...Thanks for sharing! Autom8 01/14/2010 01:41:25 PM
#360 I would like to nominate QMIN.PK EastCoastCdn 01/08/2010 08:22:44 PM
#359 P.O.S. stocks are securities in a company that Autom8 12/11/2009 11:29:19 AM
#358 WEEEEEEEEEEEEEEEEEEE!!!!! NICE BOARD~! Bull Trader 12/11/2009 11:07:58 AM
#357 GCKO is ripe for a hard fall...I see Autom8 12/11/2009 11:02:22 AM
#356 page 11 "The company has not secured any Autom8 12/11/2009 11:01:47 AM
#355 YEP, GCKO...What a POS... watch this: Autom8 12/11/2009 10:55:03 AM
#354 whats up stinkers? any new pos stocks? eroberung 07/06/2009 03:35:51 AM
#353 take the info to here: the_worm06 01/26/2009 03:13:04 PM
#352 One of the biggest scam stocks imo is drifterfcrc 01/26/2009 02:59:01 PM
#351 Why haven't any stocks been put on the the_worm06 01/16/2009 04:20:57 PM
#350 Ha!...what a great board! the_worm06 01/16/2009 04:15:24 PM
#349 http://investorshub.advfn.com/boards/board.aspx?board_id=14802 SFGiants 01/11/2009 04:44:19 PM
#348 GLCC & MONA link back to charts....SCAAAAAAAAAM ! peewee 12/25/2008 07:42:54 PM
#347 BOARDMARK ADDED ! peewee 12/25/2008 07:41:14 PM
#346 VHGI, WNDM and SFNL No support stockmasterfly 12/18/2008 02:14:46 PM
#345 WEHI does not currently have a Bid absolutely Autom8 10/14/2008 01:54:56 PM
#344 WEHI puts out PR's that are so far Autom8 10/14/2008 01:53:49 PM
#343 WEHI has diluted they're shares so many times Autom8 10/14/2008 01:53:11 PM
#342 WEHI Is my favorite POS! Autom8 10/14/2008 01:52:12 PM
#341 BHS, Can you add RUNU and its CEO bagfull 02/21/2008 07:37:41 PM
#340 AHAHAHAHAHAHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Bull Trader 11/06/2007 11:35:24 PM
#339 You're wrong...........FSMH is in the Septic Tank and Zardiw 11/06/2007 05:40:33 PM
#338 Yes, SHTP is spamming!! Got an e-mail lemmy 11/04/2007 02:42:26 AM
#337 SHTP is now spamming. PPS is moving Bull Trader 11/04/2007 01:58:19 AM
#336 Panetta pick SHTP closed at 14 pennies today...LMAO. lemmy 10/26/2007 05:17:53 PM
#334 And CFPC was a Panetta "bottom buster", LMFAO!!!!!!!!!!!!! lemmy 10/01/2007 02:39:44 PM
#333 CFPC an absolute POS (this turd was $2.not.long.ago)! lemmy 10/01/2007 02:37:29 PM
#332 LOL! This sounds familiar Despite the company’s claims Lex_Luthor 09/30/2007 11:21:55 AM
#331 TEXG another SCAM!!! U.S. SECURITIES AND EXCHANGE COMMISSION Bull Trader 09/30/2007 04:22:30 AM
#330 Check this out on FCPG - a stock Bull Trader 09/30/2007 02:11:13 AM
#329 Here's the context of a pm I received ChannelTrader 09/28/2007 09:12:00 AM
#328 too many flavors. Whenever a stock I Bull Trader 09/28/2007 09:10:29 AM
#327 HOLY SH%T~~!!! are you kidding me??!!! That may Bull Trader 09/28/2007 09:06:49 AM
#326 LOL, and rumor has it that RB is ChannelTrader 09/28/2007 08:40:38 AM
#325 In the future, any company that plans to Lex_Luthor 09/28/2007 03:53:44 AM
#324 LOL!!! Look at RSDS!!! It's gonna lose its Bull Trader 09/28/2007 01:30:51 AM
#323 You forgot RBID. There's not enough water left Lex_Luthor 09/22/2007 11:03:19 PM
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