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File Number Name of Corporation Registered Office Date of Incorporation
726490-9 IAB Media Inc. IAB Média Inc. QC 2009-10-23
Corporations Canada
http://www.ic.gc.ca/eic/site/cd-dgc.nsf/eng/cs04353.html
So then IAB has been around for awhile...
SPPH: IAB Media Inc. received 24,000,000 restricted common shares from Spencer Pharmaceutical Inc. on 2009/12/16
http://www.thepennystockpicks.com/spph-to-tap-massive-generic-drug-market/
http://bestotcpicks.net/#disclaimer
This is also interesting... We know that "Pennystockryder" is "Pennystockchaser". And right now, Pennystockryder is pushing none other than SSPH:
http://www.pennystockryder.com/
This was interesting today:
#msg-53855299
IAB Media Inc. is a financial advertising and consulting firm, and is a 100% owner of Pennystockchaser.net
and now this:
http://investorshub.advfn.com/boards/IRP.aspx?userid=54291
SPPH > www.shakerzandmoverz.com has been compensated for services of news, irp and market awareness for 1 week $7,500 by 3rd party IAB Media 8/29/10 special labor day sale pricing !!!!!!!!!!!!!!!!
what a ugly dude lol
hmmmm... Depends on who brought the criminal charges, and where. If it's in Federal court, open an account and search by the defendants' names. I'd choose Brola; it's more unusual than Mulligan.
If it's in state court, it's more complicated.
Desmond Milligan and Jason Brola of MNTY , along with others were brought up on civil charges in 2008, and eventually fined more than I can count. Now, I just heard that a criminal charge has recently been added, any idea how I might find it?
The SEC isn't empowered to bring criminal prosecutions. They have to ask the DOJ or the Post Office to do that. But those criminal cases would be filed in Federal court, so they'd turn up on Pacer.
anyone know how to find a criminal case filed by the SEC?
well, today anyway. LOL.
thanks for copying and pasting today's version.
I bet tomorrow's will be different.
FYI, to view source code simply right click on the webpage. In IE you will see "view source" and in Firefox you will see "view page source".
by request,
<div id="footer">
<div id="footer-inc">
<p id="footer-title">PENNYSTOCKRYDER</p>
<p id="footer-catch">JOIN TODAY. READ OUT PICKS. GET READY TO PROFIT</p>
<p id="disclaimer">
Pennystockryder.com is a web-property owned and operated by IAB Media Inc, a subsidiary of IAB Media Holdings.
<br><br>
This Electronic Content ("eContent") has been produced and distributed by IAB Media Inc. as a paid advertisement for the "featured company and or companies" mentioned herein. Please see the definition of eContent at the end of this disclaimer statement. IAB Media Inc. is a financial advertising and consulting firm, and is a 100% owner of Pennystockchaser.net, a website through which IAB Media Inc.'s eContent is distributed. IAB Media Inc. has been compensated for the production and distribution of its eContent according to the following schedule:
<br><br>
1) TMHO: <br>
IAB Media Inc. has received 1,000,000 restricted shares from Talisman Holdings, Inc. on 2010-08-19<br>
<br>
2) GDTK: <br>
IAB Media Inc. has received 50,000,000 restricted shares from GDT Tek Inc. on 2010-08-02<br>
<br>
3) SLI: <br>
IAB Media Inc. has received $ 12,000.00 from St Elias Mines Ltd. on 2010-06-28<br>
<br>
4) PCPZ: <br>
IAB Media Inc. has received 100,000 restricted shares from Principle Security International, Inc. on 2010-06-16<br>
<br>
5) SKGP: <br>
IAB Media Inc. has received 250,000 restricted shares from Smart Kids Group, Inc. on 2010-06-09<br>
<br>
6) BKPG: <br>
IAB Media Inc. has received $ 25,000.00 from Bark Group Inc on 2010-06-01<br>
<br>
7) EGOC: <br>
IAB Media Inc. has received 1,600,000 restricted shares from Energy 1 Corp. on 2010-06-01<br>
<br>
8) SMVI: <br>
IAB Media Inc. has received 4,000,000 restricted shares from Social Media Ventures, Inc. on 2010-03-29<br>
<br>
9) BLEW: <br>
IAB Media Inc. has received 45,455 restricted shares from Bluewave Group Inc. on 2010-03-23<br>
<br>
10) CZHC: <br>
IAB Media Inc. has received 500,000 restricted shares from Czech Republic Resource Corp. on 2010-02-18<br>
<br>
11) SPPH: <br>
IAB Media Inc. has received 24,000,000 restricted shares from Spencer Pharmaceutical Inc. on 2009-12-16<br>
<br>
<br><br>
If the "featured company and or companies" mentioned by this eContent do not appear listed in the above compensation schedule, then it should be understood that IAB Media Inc. has not been compensated, directly or indirectly, for the production and/or distribution of said eContent. All restricted shares received by IAB Media Inc. are subject to Rule 144 of the Securities Act. The "featured company and or companies" of this eContent that have compensated IAB Media Inc., have done so for a period of ongoing eContent coverage and digital marketing services not to exceed one year. Since we receive such compensation, there is an inherent conflict of interest in our ability to remain independent or objective in our communication regarding the "featured company and or companies", and investors are thus strongly encouraged not to use IAB Media eContent to form the basis for any investment decision. As of the date of this eContent, other than the restricted share ownership disclosed above, none of IAB Media Inc.'s shareholders, directors, officers, or employees owned or controlled any common shares of the "featured company and or companies", restricted or otherwise.
<br><br>
IAB Media Inc. is not an investment bank and does not currently have an investment banking relationship with the "featured company and or companies" mentioned in this eContent, nor do we make a market, or act as principal in any of the featured company's securities. IAB Media Inc. is not an agent for the "featured company and or companies", and any association with the "featured company and or companies" is limited to the services described herein. IAB Media Inc. is not an investment broker-dealer, does not offer securities for purchase or sale, and is not licensed or qualified to provide investment advice. As such this eContent does not constitute a solicitation or recommendation to buy or sell the securities mentioned herein. You are strongly encouraged to seek the advice of a registered broker and or investment advisor before making any decision to acquire and or sell shares of any of the featured companies mentioned in our eContent.
<br><br>
All eContent content is based on public information derived from publicly available sources such as, but not limited to, public company filings, company news releases, and stock charts. We have not verified the accuracy of such public company information, nor do we have any obligation to update or correct any public company information for errors or misstatements, and as such readers are strongly encouraged to verify all claims by conducting their own thorough and independent research or due diligence. IAB Media Inc. eContent is intended for informational purposes only. All estimates, opinions, and/or recommendations expressed therein are subject to change without notice, and we are under no requirement, nor do we intend to update any such opinions or recommendations in light of any subsequent events. There can be no assurance that our predictions, if any, will be met, or whether the assumptions/ estimates regarding the featured company's actual business outcomes will materialize. We may not include any of our basis for such estimates and or assumptions either. It should be understood there is no guarantee that past performance will be indicative of future results. Investors should understand that trading stocks is extremely risky, and thus investors are cautioned that they may lose a portion or all of their invested capital in the "featured company and or companies" or any other company. IAB Media Inc. is not liable for any investment decisions made by its readers, and neither we, nor any of our affiliates, or employees shall be liable to you or anyone else for any loss or damages resulting from the use of our eContent, or any gains or losses that may result from investing in any of the "featured companies" in our eContent. We disclaim any and all liability as to the completeness or accuracy of the information contained in our eContent, and any omissions of material facts. The securities mentioned in our eContent may not be suitable for all types of investors. This eContent does not take into account the investment objectives, financial situation or specific needs of any particular investor. It is strongly recommended that any purchase or sale decision be discussed with an independent licensed financial adviser prior to taking any investment action.
<br><br>
IAB Media Inc., its shareholders, directors, officers, and employees reserve the right to buy and sell any of the "featured company's and or companies'" securities at any given time, have made such purchases and sales in the past, and will do so in the future. IAB Media Inc. also reserves the right to buy or sell any of the securities of any of the "featured company and or companies" during, and immediately after they are profiled in the eContent, or posted to the Itsallbull.net website, but not reasonably prior to any eContent's release. This should be viewed as a definite conflict of interest, and as such investors should take this into consideration. Investors should be aware that any recent increase in volume and or stock price may be due to IAB Media Inc.'s buying or selling of the "featured company and or companies" securities in the open market.
<br><br>
IAB Media Inc. is a wholly owned subsidiary of IAB Media Holdings Inc, a Canadian Corporation.
<br><br>
IMPORTANT NOTICE ON TRADING OF ILLIQUID SECURITIES:<br>
IAB Media Inc. distributes its eContent and provides other promotional services with the intention of helping the "featured company and or companies" to create public awareness of their current business and future objectives, as well as to aid in the development of a liquid trading market for the "featured company's" securities, although there is no intent to make a market or facilitate, in any manner, the purchase and sale of the "featured company and or companies" securities. Although there is no guarantee that a liquid market will develop in the "featured company's" securities, in the event that an active market does develop, investors should be aware that existing shareholders (controlling, or non-controlling) will be motivated to sell their shares potentially creating an oversupply scenario, under which the price of the shares is likely to experience sudden declines. At the same time, if the existing shareholder base holds shares tightly, and an active trading market develops, this may result in sudden increases in the price of the stock due to a potential undersupply scenario. In any case, there can be no guarantee that the price of the stock will reflect the fundamental value of the "featured company and or companies". IAB Media Inc. disclaims all knowledge of the "featured company and/or companies" shareholder base, capacity for liquidity, or other means or methods of enhancing public awareness.
<br><br>
ADDITIONAL RISK FACTORS: <br>
(In the following section, the Company refers to the company or companies featured in the eContent).
Any investment is subject to risks, including risks of the Company in which the investment is made and risks of the type of investment made. It is not possible to foresee every potential risk. Regardless, an investment in a company's Common Stock is a highly speculative investment and involves material risk as well as immediate substantial dilution. The Common Stock should be purchased only by persons who can afford to lose their entire investment in said company. Prospective investors should consider the following:
<br><br>
Success Dependent on Management: A company's success depends upon the active participation of present management. Loss of their active services could adversely affect development of the company's business plan and the likelihood of the company's continued operations. The time which they devote to the business affairs of the company and the skill with which they discharge their responsibilities will substantially impact the Company's success.
<br><br>
Financial Burden on Investors: A great deal of all of the financial risk of the company's business activities will be borne by the investors who purchase Common Stock in this company, while management and recent investors stand to realize substantial benefits from significant stock ownership.
<br><br>
Issuance of Additional Shares: The Board of Directors has the power to issue additional shares of common stock of the company, without shareholder approval. Any additional common stock of the company issued may have the effect of further diluting the interest of the Investor.
<br><br>
Limited Funds Available for Operations; Additional Financing Contemplated: A company's capital may be insufficient to conduct more than limited operations. There can be no assurance such company will be successful in identifying sources of future financing or that any such financing can be obtained on terms favourable to that company. In the event that company is unsuccessful in generating operating revenues or in obtaining future financing, investors may lose all or a substantial portion of their investment.
<br><br>
Competition: A company must compete with other companies whose business plans and objectives are similar to those of such company. Such company may have several other companies engaged in similar businesses, some of which have substantially greater resources and longer operating histories than that company has.
<br><br>
Control of the Company: The directors, officers and existing shareholders of a company may beneficially own a majority of the outstanding shares of such company's Common Stock. It is possible that the company's Articles and By-Laws contain no cumulative voting provisions and, accordingly, the company's existing shareholders will likely be able to elect the entire Board of Directors of that company and to direct the affairs of that company.
<br><br>
Non Arm's-Length Transactions: Certain transactions may take place between a company and certain of that company's present shareholders, officers and directors involving certain agreements and the common stock issued to them.
<br><br>
Definition of "eContent"<br>
eContent refers to all Electronic Content created, distributed, and/or edited by IAB Media Inc. and includes, but it is not limited to, Emails/Newsletters, Facebook updates, Twitter Tweets or Updates, any other Social Media based content, Blog Postings, Video Content, Corporate Profiles, Research Reports, Analyst Reports, PowerPoint Presentations, Corporate Videos, CEO Video Interviews, Press Releases, Banners, Google Advertising, Images, and/or web-based discussion board postings.
</p>
</div> <!--end footer-body --></div>
<!-- end footer -->
</body>
</html>
Someone forgot to edit carefully.
There was more but the rest was June and earlier.
Bwwwwwwwwaahahahahahahahaaaaa!
and this,
1) TMHO: <br>
IAB Media Inc. has received 1,000,000 restricted shares from Talisman Holdings, Inc. on 2010-08-19<br>
<br>
2) GDTK: <br>
IAB Media Inc. has received 50,000,000 restricted shares from GDT Tek Inc. on 2010-08-02<br>
<br>
Awesome, you nailed it right there.
From the source code for that page,
<div id="footer">
<div id="footer-inc">
<p id="footer-title">PENNYSTOCKRYDER</p>
<p id="footer-catch">JOIN TODAY. READ OUT PICKS. GET READY TO PROFIT</p>
<p id="disclaimer">
Pennystockryder.com is a web-property owned and operated by IAB Media Inc, a subsidiary of IAB Media Holdings.
<br><br>
This Electronic Content ("eContent") has been produced and distributed by IAB Media Inc. as a paid advertisement for the "featured company and or companies" mentioned herein. Please see the definition of eContent at the end of this disclaimer statement. IAB Media Inc. is a financial advertising and consulting firm, and is a 100% owner of Pennystockchaser.net, a website through which IAB Media Inc.'s eContent is distributed. IAB Media Inc. has been compensated for the production and distribution of its eContent according to the following schedule:
<br><br>
Looks like they ported the old web site to the new one, yes.
My God. What an IDIOT Ryan is.
Well, I doubt the SEC would have any problem getting that info.
Pennystockchaser.com used Domains by Proxy, which is different.
It was updated July 23, 2010, also, which is noteworthy.
#msg-53678353
----
How difficult is it to get the contact information from these anonymous registrars?
I've read that all that anonymous registration does is prevent a computer user from getting the information online, but that you can request the information by mail.
I would think there would have to be more to it than that.
Very interesting.
Twitter
9 m 2621 investorslive: up +97 on my short on @pennystockryder followers earlier: bit.ly/d2nnEL have a 60,606 average currently 60,509 and dropping · Reply · RT
27 m 251 vinstradamus: @pennystockryder Trade Stock? Learn The Secret of Time and Price! www.youtube.com/livefuturestrading · Reply · RT
5 h 1273 LaLheyn: @nawinaug: @BringMoneyweb @beingdebs @ezonlineincome @AriaaJaeger @lindaAWI @Betrescue @pennystockryder @FXStefan... mtw.tl/lkrpop · Reply · RT
5 h 976 ProphetAlerts: @pennystockryder That $SPPH is the ugliest stock I have ever seen... the level 2 is atrocious · Reply · RT
5 h 62 scrtagt69: @pennystockryder man u guys are pathetic, buying psc twitter accounts...unfollowing · Reply · RT
6 h 2621 investorslive: UNFOLLOWED @pennystockryder (because they are annoying + not @stockchaser) also short their followers at 60,606 looking to cover under 60k · Reply · RT
6 h 6 JayEm121: Stop @pennystockryder · Reply · RT
6 h 2621 investorslive: hmmmm @pennystockryder guess buying @stockchaser twitter feed was a bad investment? · Reply · RT
2 d 364 HypeandPipe: OK @stockchaser Aka @pennystockryder is active now? Trying to redeem himself by posting Market news LOL ur still a Loser Lying Thief BEWARE · Reply · RT
3 d 11k liarist: `@pennystockryder @pennystockryder @megaresponse @ShayneSmith7 . liarist.com/448895146/ @crew_vacancies · Reply · RT
4 d 183 GrowmoneyStocks: RT @pennystockbull: Penny Stock Chaser is back as @pennystockryder ..lmfaoooo look at the tweets. · Reply · RT
4 d 2282 pennystockbull: Penny Stock Chaser is back as @pennystockryder ..lmfaoooo look at the tweets. · Reply · RT
4 d 399 thestocktwiter_: @goinggreenstock @PicksThatMove @stockchaser @timothysykes @pennystockbull @HypeandPipe PSC back as @pennystockryder the website says PSC · Reply · RT
4 d 399 thestocktwiter_: PSC is back as @pennystockryder WTF they are like herepes. They keep coming back! In other news. APCX,, LBSR, SILA, HELI,CLKZ, APTD · Reply · RT
Maybe you meant this:
http://pennystockryder.com/
canonical name pennystockryder.com.
addresses 198.171.167.155
Registrant:
Contactprivacy.com
96 Mowat Ave
Toronto, ON M6K 3M1
CA
Domain name: PENNYSTOCKRYDER.COM
Administrative Contact:
contactprivacy.com, pennystockryder.com@contactprivacy.com
96 Mowat Ave
Toronto, ON M6K 3M1
CA
+1.4165385457
Technical Contact:
contactprivacy.com, pennystockryder.com@contactprivacy.com
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Toronto, ON M6K 3M1
CA
+1.4165385457
Registration Service Provider:
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This company may be contacted for domain login/passwords,
DNS/Nameserver changes, and general domain support questions.
Registrar of Record: TUCOWS, INC.
Record last updated on 12-Aug-2010.
Record expires on 12-Aug-2012.
Record created on 12-Aug-2010.
just go to the twitter account and look ... duh last post on yipi was then... lol
Tweets now "protected." Is SEC_Enforcement a follower?
http://twitter.com/sec_investor_ed
http://twitter.com/SEC_News
http://twitter.com/SEC_Jobs
The PennystockChaser site was up again with an "under construction" sign...
I checked it after i received the 3 tweets from PSC... first ones sent since June...
Now it forwards to help.com ~~~
OMG this is pretty funny...
Well, perhaps we'll find out...
I have read stuff on the internet - claims that their email list had been sold and/or hijacked already.
That sounds like a cover story to me.
Well, that page stopped putting out tweets on 25 June, and resumed tweeting today...
Looks as though other iHubbers are disputing your claim that PSC is back in business.
How would they know?
---
Posted by: Quinnradio
Date: Tuesday, August 10, 2010 3:47:57 PM
been 6 weeks since they talked about YIPI Janice
---
Posted by: crystal clear
Date: Tuesday, August 10, 2010 3:41:10 PM
Janice, The post you're referring to about YIPI, is from June 25th. Though it does look like PSC is up and running again - ?
---
Posted by: jimmybob
Date: Tuesday, August 10, 2010 9:44:42 AM
PSC ~ BAck???
http://pennystockchaser.net/
Weak market open likely due to Shanghai Composite taking a dive last night. China exports slowing http://goo.gl/am4p
----
Web personalities with no decipherable personality lol
I wonder how long it will be before the PIMPS that hire out new iHub aliases will be outsourced, too??
LOLOLOL!! Had to happen. Outsourced spammers...
Maybe they were outsourced to India, too.
#msg-53172995
It appears that PSC is back in business, at least on Twitter:
http://twitter.com/stockchaser
I sent the link the the SEC attorney in charge of the case.
ASSET FREEZE
IT IS FURTHER ORDERED AND ADJUDGED that, pending resolution of this case on the merits, the Defendants, their directors, officers, agents, servants, employees, attorneys, depositories, banks, and those persons in active concert or participation with any one or more of them, and each of them, who receive notice of this order by personal service, mail, facsimile transmission or otherwise, be and hereby are, restrained from, directly or indirectly, transferring, setting off, receiving, changing, selling, pledging, assigning, liquidating or otherwise disposing of, or withdrawing any assets or property, including but not limited to cash, free credit balances, fully paid for securities, and/or property pledged or hypothecated as collateral for loan, or charging upon or drawing from any lines of credit, owned by, controlled by, or in the possession of:
1. Downshire Capital Inc.,
2. Meadow Vista Financial Corp.,
3. Carol McKeown; and
4. Daniel F. Ryan.
Any financial or brokerage institution or other person or entity holding any such funds or other assets, in the name, for the benefit or under the control of the Defendants, directly or indirectly, held jointly or singly, and wherever located, and which receives actual notice of this order by personal service, facsimile, or otherwise, shall hold and retain within its control and prohibit the withdrawal, removal, transfer, disposition, pledge, encumbrance, assignment, set off, sale, liquidation, dissipation, concealment, or other disposal of any such funds or other assets, including, but not limited to, the following presently known bank accounts:
(a) Meadow Vista Financial Corp.
TD Canada Trust Bank
Account numbers ending in 7730 and 5416
(b) Downshire Capital Inc.
TD Canada Trust Bank
Account numbers ending in 5479 and 1666
(c) Meadow Vista Financial Corp.
Oppenheimer & Co. Inc.
Account number ending in 0916
(d) Downshire Capital Inc.
Pershing LLC
Account number ending in 1447
(e) Meadow Vista Financial Corp.
Pershing LLC
Account numbers ending in 0908 and 8057
(f) Meadow Vista Financial Corp.
Penson Financial
Account numbers ending in 0223, 5277, 5791, 0791, 0647
(g) Downshire Capital Inc.
Alpine Securities
Account numbers ending in 9580, 9599
(h) Meadow Vista Financial Corp.
Alpine Securities
Account number ending in 6850
(i) Newbridge Securities
Account name and numbers unknown
(j) Carol McKeown
TD Canada Trust Bank
Account numbers ending 0815, 4520, 7278
(k) Carol McKeown
Valeurs mobilieres Dundee
Account numbers ending 391 AN and 391 BN
(l) Downshire Capital Inc.
Valeurs mobilieres Dundee
Account numbers ending VCAN and VCBN
http://www.leagle.com/unsecure/page.htm?shortname=infdco20100706a80
SEC Charges 2 Canadian Stock Promoters
WorldMarketMedia.com Alert- SEC
http://www.worldmarketmedia.com/779/section.aspx/2094/post/sec-charges-2-canadian-stock-promoters
"The complaint included six examples of their touting, the most profitable of which was a Toronto company called Atlantic Wind and Solar Inc. The company, which claims to make rooftop solar panels, appeared on the PennyStockChaser site in an Oct. 14, 2009, posting. It read, "[Atlantic] closed at $2.10 yesterday and it is poised to go into break out mode, THIS PICK IS HEADED TO $10.00." Another post on Oct. 21 said that PennyStockChaser had spoken to Atlantic Wind and had learned that there was "big news" coming at the end of the week. The next day the stock went to $4.84 on volume of over one million shares. During the promotion, Mr. Ryan and Ms. McKeown sold 360,000 shares at price between $1.49 and $3.37, grossing $780,600, the SEC claimed.
A few posts touting and you can gross $3/4 million...no wonder it's such a lucrative pastime...
SEC targets Ryan, McKeown seek more time to respond
2010-07-22 14:34 ET - Street Wire
by Mike Caswell
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:*SEC-1742355&symbol=*SEC&news_region=C
Dan Ryan and Carol McKeown, the Montreal couple facing a scalping suit from the U.S. Securities and Exchange Commission, have made their first appearances in the case. On July 21, 2010, they filed motions requesting more time to prepare an answer. They say that they have been having financial difficulty hiring a lawyer because of the order that the SEC secured freezing their assets. Florida Judge James Cohn granted their request, giving the couple until Aug. 4, 2010, to respond to the case.
The SEC claims that Mr. Ryan and Ms. McKeown touted 65 U.S. companies through their website, PennyStockChaser, and via Facebook and Twitter. As they were touting the stocks, they were selling millions of shares of those same companies through Florida brokerage accounts, according to the SEC. The regulator claims they grossed $2.4-million from the scheme. (All figures are in U.S. dollars.)
Until now it was not clear whether the couple would answer the case before the deadline. They were not present for the first court date, a preliminary injunction hearing held in Fort Lauderdale on July 6, 2010. At that hearing, the SEC obtained an order freezing several bank and brokerage accounts that the couple held both in their own names and in the names of two companies they control, Meadow Vista Financial Corp. and Downshire Capital Inc. The freeze effectively extended an emergency order that the SEC had obtained without the couple's knowledge when it initially filed the suit.
With the deadline for them to file an answer approaching, the couple filed separate motions seeking more time. Ms. McKeown also sent a letter to the judge stating that she had spoken with several lawyers who expressed interest in the case, the only challenge being a lack of money. "As you can appreciate, we have complied with the asset freeze and this has left us with no financial ability to retain counsel," the letter reads. She filed the letter on behalf of her two companies, Meadow Vista and Downshire Capital. It was filed the same day as the couple filed the motions seeking more time to respond.
SEC's complaint
The SEC launched a civil complaint against Mr. Ryan and Ms. McKeown on June 23, 2010, in the Southern District of Florida. It claimed that they had been operating the PennyStockChaser website since at least April, 2009, and that they had used the site to tout dozens of pink sheets companies while failing to disclose that they were selling massive numbers of shares in those same stocks. According to the complaint, the only warning that investors received was a disclaimer posted on the site. It stated that the site's owners "may be selling shares of the stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and ... the reader should take this into consideration."
The complaint included six examples of their touting, the most profitable of which was a Toronto company called Atlantic Wind and Solar Inc. The company, which claims to make rooftop solar panels, appeared on the PennyStockChaser site in an Oct. 14, 2009, posting. It read, "[Atlantic] closed at $2.10 yesterday and it is poised to go into break out mode, THIS PICK IS HEADED TO $10.00." Another post on Oct. 21 said that PennyStockChaser had spoken to Atlantic Wind and had learned that there was "big news" coming at the end of the week. The next day the stock went to $4.84 on volume of over one million shares. During the promotion, Mr. Ryan and Ms. McKeown sold 360,000 shares at price between $1.49 and $3.37, grossing $780,600, the SEC claimed.
The SEC also cited the couple's promotion of Bluewave Group Inc., a pink sheets company based in Fort Lauderdale that purports to be developing MP3 players, among other things. An April 19, 2010, posting on PennyStockChaser stated, "This story is going viral, [Bluewave] is on everyones lips, Monday morning is going to be amazing for [Bluewave]...WE are looking for a double or triple." The stock's volume rose to almost two million shares, up from total volume of 57,100 shares in the prior four months. As with the other stocks, Mr. Ryan and Ms. McKeown were selling as they were touting, the SEC said. With Bluewave, they sold 400,000 shares over three days, grossing $184,000.
(The SEC's complaint does not note that Bluewave's vice-president is Scott Storch, the music producer from Halifax who was connected to GenX Corp., a pink sheets company the SEC halted in July, 2009. The SEC cited concerns about the accuracy of the company's news releases as it transformed itself from a Vancouver-based uranium explorer to a Florida-based music company. It claimed to have the rights to negotiate the sale of Mr. Storch's catalogue, which included songs written by Mariah Carey, Beyonce, Chris Brown, 50 Cent and Justin Timberlake. The company is now defunct.)
The other stocks the SEC listed in its complaint were Avro Energy Inc., Biocentric Energy Holdings Inc., Converge Global Inc. and MSE Enviro-Tech Corp., which followed similar patterns.
The SEC is seeking disgorgement of ill-gotten gains, appropriate civil penalties and a permanent penny stock ban.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:*SEC-1742355&symbol=*SEC&news_region=C
yeah its always wise to keep an arms distance from the guru's
real
and a MOOT point now that they are shut down. I felt all of their picks were great paper shorts LOL
its a lot of noise
The way I read that PSC blast was more we are sorry Sykes you were right we were worng - It was an acknowledgement that some of their picks are scams supposedly unbeknownst to them. They way I read it was that they would be soon gicing out short picks. However since most of what they are pumping or knew was pennies then giving out short picks would be a waste of time for 99.5% of us who cannot short pennies. of that 99.5% 99% of us would like to short pennies but cannot and have not found a place to do it and we have been looking a very long time
i taught dan and tim were buddys after i reed this email:
PSC is pissed off and it looks like Tymothy Sykes was right after all
PSC is pissed off and it looks like Tymothy Sykes was right after all
PSC has had its run in with Tim Sykes in the past and as it stands now it looks like we maybe joining him in an effort to fight
corruption and dishonesty in a lot of these pink sheet companies. Beyond corruption in dishonesty we also may have to fight stupidity and lack
of organization.
http://www.timothysykes.com/
PSC has come to the unfortunate resolution that human nature on the company side proving to be a problem for our members
By that we mean that Promoters, Insiders, and Financiers all have their own interest at heart.
We knew this would be the case when we started PSC but assumed that through due diligence and company interviews we could mitigate the greed and stupidity by these parties.
We have been involved in companies like ACLH and SPHT which have proven to be less then profitable experiences for us and our members.
On both these deal we were buyers and as it turns out everything they put out is up in the air.
ACLH talked about contract with BP over and over but we still have no indication whether that is factual or not.
Last night, PSC learned through a 8K issued by SPHT that the very foundation of that company may be up in the air. We can't comment now because we are going to call SPHT on Monday but it does not look very good. PSC has all it's shares that it received as compensation plus we bought 200,000 or more shares in the open market. PSC is PISSED and on the war path.
We have also watched competitive newsletters due deals like TADF and HELI to the detriment of the public @ large.
The whole promotion on TADF was based on convertible notes and now the same group behind TADF are behind HELI.
TADF soared from .02 to .05 on amazing volume and then proceeded to crash and burn on equally impressive volume.
Yesterday, HELI jumped 50%. PSC Has no idea whether the stock could double or triple or here but experience tells us that the stock could
come down hard.
The bottom line here for all investors is that they have to be leery and weary of every opportunity. Stock picks from PSC or other newsletters are really creating opportunities. Deals like FRPT are few and far between but PSC will keep looking.
We will continue to have more deals for members on an increasingly selective basis but we will be introducing new short picks on a once or maybe twice a month basis.
We are sick and tired of the BS in the pink sheet market and just like Tim Sykes we are going to do what we can to change it.
WE KNOW THIS NEWSLETTER MAY ANGER COMPETITORS AND THE COMPANIES INCLUDED BUT OUR SOLE INTEREST LIES WITH THE WELL BEING OF OUR MEMBERS.
Starting in September PSC is going to ROCK AGAIN. The market has changed and PSC is changing with the market.
FOLLOW OUR PICKS AND PROFIT
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PSC, PennyStockChaser, was a penny stock promotion company touting their picks for about a year.
The SEC has shut them down.
“As alleged in our complaint, McKeown and Ryan used all the modern methods to communicate with investors
including the PennyStockChaser website, e-mail, text messages, Facebook, and Twitter
yet failed to adequately communicate that their rosy predictions for touted stocks were
accompanied by their sales of those very same stocks.”
said Eric I. Bustillo, Director of the SEC’s Miami Regional Office.
"The agency charged a Canadian couple, Carol McKeown and Daniel F. Ryan,with four counts of fraud for using their Penny Stock Chaser Web site and Facebook and Twitter feedsto promote a half-dozen companies’ stocks.What the two did not disclose to their followers, according to the complaint, filed in federal court in southern Florida,is that they were regularly selling shares in the companies they were hawking, a practice known as “scalping.”" | "According to the S.E.C.’s complaint, Ms. McKeown and Mr. Ryan began Penny Stock Chaser in the spring of 2009, promoting themselves as a husband-and-wife team that led a group of skilled stock pickers. Over the past year, their firm touted the stocks of at least 65 American companies. (The S.E.C. is pursuing the case in Florida because many of the couple’s trades were made in Boca Raton, although they were based in Montreal.)" |
the new york times piece quoted above. |
"The agency contends that the duo received "millions of shares" of the touted companies through their two corporations, Downshire Capital Inc. and Meadow Vista Financial Corp., as compensation for touting stocks, then sold the stocks while the website simultaneously predicted massive price increases. The SEC says the couple and their companies have likely realized at least $2.4 million in sales proceeds from the scheme." from the wall street journal write up. | "The government is seeking injunctions against the two, along with the disgorgement of ill-gotten gains, plus interest and a fine as well as penny-stock bars against them and repatriation of assets to the government. " |
sec complaint | montreal gazette |
sec press release | timothy sykes |
Litigation Release No. 21580 | the street |
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