SEC shuts down PSC - Penny Stock Chaser

[Buckey]

and a MOOT point now that they are shut down. I felt all of their picks were great paper shorts LOL

[frankie_fillet]

its a lot of noise

[Buckey]

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

[BEIJING BILL]

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

[BEIJING BILL]

more shorting from psc?

Our recent mailers have caused many people to talk online and in chat rooms about PSC. Some people have really missed the mark on our intentions. The spin on PSC needed to be corralled. Too much “noise” is to no ones benefit.

Members have flooded our email with inquiries as to where PSC is headed. As people know in the past PSC has had some stunning successes with stocks that have moved anywhere from 100% to 1000%.

Big winners have included WDRP (+400%), FVSTA (+1150%), and AVOE (+2300%).

These big wins have made members some big dollars. PSC is actively on the lookout for more companies that could make members monster gains.

Despite these big gains, PSC has also seen some stunning loses. Unfortunately we have been roped into some bad deals which have cost us and our members some money. The reasons for these collapses include vague PRs, bad share structures caused by convertible notes, and general lack of execution from management.

As regular readers know, PSC is different from all other newsletters since we are often buyers of the stocks we recommend. We have felt these loses as much as our members. PSC decided to turn a problem into an opportunity.

Readers have our word that if we see a company which is a good short, we will mail out on it before we initiate any short position.
Our email on Saturday outlined our intention to look for fewer long stocks. We want fewer picks because we want to build a stronger and more loyal shareholder base for any company we decide to profile.

PSC has been working on redirecting the site over the last month. We have struck partnerships with some big players on the street in order to better serve our membership base.

These partnerships will allow us to do more involved due diligence and classify picks as either a long or a short. We want readers to know that a short is a legal and acceptable way of making money in the market if you borrow the stock and put up the necessary capital to allow for the trade.

Before September 1, PSC will arrange webinars to share some of the knowledge and tactics needed to effectively short a stock.

PSC HAS NEVER SHORTED A STOCK BUT WE ARE CERTAINLY LOOKING FORWARD TO STARTING.

[BEIJING BILL]

i tought mr.sykes vas gong to team vith PSC after reding this email

Things that make you go AH and other nasty tricks

PSC has been talking to members and a lot of people want to hear more about shorting and we are glad to oblige. Pulling back the veil on the world of stock promotion is going to be fun and profitable. This new series of mailers on shorting could open your eyes to a new and exciting way to make money.
Before we start on this, PSC wants to make it clear that we love shorts but we also love longs. There are many great companies out there on the pinksheets and the OTCBB that deserve a place in your portfolio if you like to trade and have the ability to buy and hold to see the company realize their potential.


Great examples of solid longs include the legendary FRPT (http://www.forceprotection.net/) that went from pennies to over $30 in 2007.


YIPI is a PSC pick that could perform like FRPT and go to the NASDAQ. YIPI is up over 388% since our initial alert @ .60. If things go as expected, we would not be surprised to see YIPI trade past $10.00 in the next 3 to 6 months.

FRPT and YIPI are the good side of the penny stock coin. Unfortunately penny stocks have a lot of lemons in their ranks.
Fortunately, PSC loves lemons. We are on the warpath to make lemon aid. We are taking the time to pick one or two short candidates per month. Our team expects to have a webinar ready to teach members about short selling very soon. Once our webinar hits the street, we will mail out on short stories which could be very profitable for any members who want to play the market on that side.


PSC will never short a stock before we mail out. This will allow for an even playing field and give members the best chance to make money.

In the meantime, we thought it would be a good idea to get members looking for possible shorts along with our team.

There are many ways to spot a short but the number one way has to be to identify shaky share structures which have the potential to be dilutive.

The share structure will give you an idea of the insiders intentions to potentially dilute the company in the future.

Some terms you may want to remember include A/S (authorized shares), O/S (outstanding shares) and the float (free trading shares which could hit the market).

You can get these share counts by calling the T/A (transfer agent). The T/A's number can usually be found on the company's listing on pinksheets.com.

IF YOU CALL THE T/A AND THEY REFUSE TO ANSWER YOUR QUESTION PLEASE SELL.

Any T/A who hides information is usually hired by a company which is planning to dilute.

Now back to the A/S. The A/S is the maximum number of shares you could see issued on the stock if a company is willing to go the maximum. Sometimes maximums can be as high as 1 billion shares and we have even see shares with 12 billion authorized. If the O/S is significantly below the A/S you can bet your life that the O/S will eventually move to the A/S level and your investment will get diluted to hell. This kind of set up is a sell signal and can be the first sign that you should short a stock.

PROMOTERS TO NOT SET THE A/S ABOVE THE O/S WITHOUT INTENDING FOR THOSE SHARE COUNTS TO BE EQUAL.

Another great short signal can be AH (after hours) trades. This AH should be spelled Ahhhhhhh. When you see large AH (after hours) trades they are printed after the 4 PM close. These large blocks are usually liquidations to pay a promoter or to sell bug blocks for affiliates and "quasi-affiliates". During the course of any one trading day, desk traders are given large blocks and told to work the order. The retail buys can't crack through resistance because some big seller is sitting on the offer and killing any momentum to the upside. The funny thing about this is that it can go the other way and these sellers become the gasoline which causes a stock price to go up in flames. If you see large AH trades on a stock, run and hide. Sell the stock before it kicks out your teeth and takes your wallet.

We will be back in the next few days with some more shorting tips and some examples of where AH trades and large A/S counts caused longs to get burnt but made shorters a ton of cash.

[BEIJING BILL]

from PSC - loks like vere gong to join up vith mr. tim sykes.

The short candidates for PSC are like grains of sands on the beach - Members can expect our first short pick very soon

PSC wants to be your source for great long term penny stock picks and short picks.

Long term picks are self explanatory to everyone but short picks are new to some. Shorts are essentially stocks which are set to collapse because of bad businesses, bad management, or bad share structure. Just like longs can be money makers, shorts can be equally profitable. The longs are harder to find in a sea of bad companies. This is great news for PSC members who are looking for shorts. As we said before, shorts candidates are like grains of sand on the beach. There are literally thousands of short candidates and PSC is looking for the best. Members should expect our first short pick in the next two weeks.

[EarnestDD]

Posted by: BeerIsGood Date: Monday, July 19, 2010 5:07:15 PM
In reply to: Gold_Icon who wrote msg# 12845 Post # of 12851

Quote:
--------------------------------------------------------------------------------
The use of PSC was a move to get the attention of all the mailing members that site had , thanks to that WDRP had the chance to expand his investors base , PSC wasnt used to move the PPS , just to get attention . . .
--------------------------------------------------------------------------------



That's the funniest thing I every heard. Why did PSC instrument a huge pump then? How many shares where they paid just for the mailing list? How large a mailing list was it? LOL

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52429981

[Dew]

The U.S. needs to adopt the Canadian reporting rules. Everyone has to report, period.

[leemalone2k3]

Hopefully the SEC will shut down the entire otcbb/pk market.

[laurap]

i love the lovely shot of Mrs. Shrek there

she looks like a strong lass doesn't she.

thanks for the article.

[greedy__malone]

May want to change the name of the board to SEC targeting penny stock touts/promoters as this looks to be just the start of it.

[greedy__malone]

The stock promoters are getting spanked.

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21591 / July 9, 2010
Securities and Exchange Commission v. InvestSource, Inc. and Songkram Roy Sahachaisere, United States District Court for the Central District of California, Case No. SACV 10-1041 DOC (RNBx) (filed July 9, 2010).
SEC CHARGES HUNTINGTON BEACH-BASED STOCK PROMOTER WITH FRAUD

The Securities and Exchange Commission today filed a civil action against a Huntington Beach-based penny stock promoter, Songkram Roy Sahachaisere, and his company, InvestSource, Inc. for committing fraud while promoting stock of their clients through massive email campaigns.

In its complaint filed in the United States District Court for the Central District of California, the SEC alleges that Sahachaisere, age 40, and InvestSource provide "investor relations services" by touting various penny stocks in its daily email newsletter, called the "Daily Digest," and by posting company profiles on its website. From January 2008 to March 2009, defendants sent nearly 450 email messages publicizing these penny stocks to over 24 million recipients, receiving clients' stock as compensation. The complaint focuses on seven specific penny stocks that defendants touted in which, the SEC alleges, defendants made misleading statements regarding the nature of their compensation on InvestSource's website and in the promotional emails. The defendants also failed to disclose that they were selling the very securities they were recommending investors buy. According to the complaint, between April 2008 and March 2009, defendants sold over 5 million shares of these seven clients through one or more of their approximately 36 brokerage accounts, illegally reaping profits of at least $276,000.

The SEC's complaint charges InvestSource and Sahachaisere with violating the antifraud provisions of the federal securities laws, Section 17(a) of the Securities Act of 1933 (Securities Act), Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. It also charges them with violating the antitouting provisions contained in Section 17(b) of the Securities Act. The SEC's complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil monetary penalties against both defendants. In addition, the SEC seeks penny stock and officer and director bars against defendant Sahachaisere.

http://www.sec.gov/litigation/litreleases/2010/lr21591.htm

The SEC complaint

http://www.sec.gov/litigation/complaints/2010/comp21591.pdf

Promoters beware, the SEC looks to be in full on attack mode.

[JoeHall]

agreed, here's to hoping the SEC can nail a bunch of the paid promoters from here...whether they post their compensated awareness nonsense or not, i think it's a scummy process

[greedy__malone]

It really seems as if many of the promotional companies on the SEC radar are located in Canada. I am guessing the majority of the hurdles in prosecuting these companies was based on the fact that they were operating out of reach of the SEC. The recent agreement with Canadian regulators is definitely due to multiple cases as opposed to one and it allows the SEC easier access to these companies.

I am hopeful that more cases are in the near future.

[JoeHall]

here's a few more pics and tales of the PSC couple...

http://www.timothysykes.com/2010/06/how-mr-mrs-pennystockchaser-spent-their-alleged-24-million-ill-gotten-profits-photos/

i love the lovely shot of Mrs. Shrek there

[JoeHall]

one can only hope the SEC cracks down on ALL of the scumbucket paid promoters on here

[sykes111]

LOL too funny

[JoeHall]

looks like a who's who of what gets humped on IHUB daily

[JoeHall]

love this post...reminds me of IHUB
PSC is a Joke
I give them 5 points for entertainment because its fun watching them promote a stock and then it dropping 70% and they saying they are "pissed" or they were tricked etc etc.

I agree with every review on them so far so there isnt much else to say. They are scamming stock promoters that front load a stock, release the pick, and dump it when it turns. The stock usually drops lower in PPS than what it was before.

Now they got burned a few times and are saying they will start releasing short-sell picks?
Hahaha that is hilarious...they have been releasing them all along. Just short sell their pick once it starts dropping! Guaranteed gains!

Overall Rating
Education
Entertainment
Value

2 of 2 people have found this review helpful.

Permalink
Was this review helpful? Yes No

This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.
Comments on this Review
Leave a Comment

[Stock]

for sure, but they were in the public domain.

what else does the average investor have access to?

[sykes111]

cant trust their disclaimers

[AUminer]

Quite a List!!! Thank You.

[EarnestDD]

From the HRRN board where PSC got paid with 20 million free trading shares.

Posted by: stocklock Date: Friday, July 09, 2010 10:05:52 AM
In reply to: EarnestDD who wrote msg# 3225 Post # of 3226

yea, your right, all the account of PSC and his wife have been ceased and froze ( one of the account had 3 000 000 $ in it ) and all the US broker are being investigate for traces of PSC activities. but i also heard that he paid a 2 800 000$ fine and he is back on track... but for sure PSC will be hit again but HRRN cant be find nowhere in the investigation ( well for now) it is other companies that are in trouble...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52112244

[Stock]

this was from around the end of may.
#msg-51869075

"PennyStockChaser.com has been compensated by the following companies for their profile:

SOCI: 700,000 shares free trading by Third Party
PPTO: 1,000,000 shares free trading by Third Party
HYGN: 13, 000, 000 shares free trading by Third Party
CVRG: 7,000,000 shares free trading by Third Party
USCN: 400, 000 shares free trading by Third Party
UPTR: $100,000 by Third Party for Two Weeks
ILVC: 921,000 shares free trading by Third Party
CGAQ: 1,000.000 shares free trading by Third Party
CTHP: $100,000 by Third Party for Two Weeks
TAMO:$50,000 by Third Party for One Week
QURI: 5,000,000 shares free trading by Third Party
XYNH: 30,000,000 shares free trading by Third Party
EVRN: 4,500,000 shares free trading by Third Party
BEHL: 50,000,000 shares free trading by Third Party
C35: 5,000,000 shares free trading by Third Party
MTRO: 250,000 shares free trading by Third Party
COYN: 500,000 shares free trading by Third Party
DUTV:1,200,000 shares free trading by Third Party
NVSR:3,000,000 shares free trading by Third Party
HRRN:20,000,000 shares free trading by Third Party
AWSL:140,000 shares free trading by Third Party
AVOE: 500,000 shares free trading by Third Party
ZENG: 3,000,000 shares free trading by Third Party
BLVI: $50,000 by Third Party for One Day
OPSY: 2,800,000 shares free trading by Third Party
XCEL: $150,000 by Third Party for One Month
STZU: 500,000 shares free trading by Third Party
IFUS: 5,000,000 shares free trading by Third Party
TTEG: 400, 000 shares free Trading by Third Party
MHYS: 500,000 shares free trading by Third Party
NGHI: $100,000 by Third Party for Two Days
BLVI: 2,000, 000 shares free Trading by Third Party
EGOH: 350, 000 shares free Trading by Third Party
MRIB: 1,000,000 shares free Trading by Third Party
VRED: 20,000,000 shares free Trading by Third Party
APDN: 800,000 shares free Trading by Third Party
MDGC: $150,000 by Third Party for One Month
WDAS: $80,000 by Third Party for One Month
OPXS: 300, 000 shares free Trading by Third Party
PLMO: 350, 000 shares free Trading by Third Party
MEVT: 350, 000 shares free Trading by Third Party
LWSP: 375, 000 shares free Trading by Third Party
HDUP: 550, 000 shares free Trading by Third Party
PNTV: $50,000 by Third Party for One Week
RGTX: 500, 000 shares free Trading by Third Party
BRYN: 1,000,000 shares free Trading by Third Party
DRGZ: $75,000 by Third Party for One Week
LUXE: $75,000 by Third Party for One Week
CLNP: 500,000 shares free Trading by Third Party
VGPR: 6,000,000 shares free Trading by Third Party
DOLV: $80,000 by Third Party for One Week
VGPR: 19,000,000 shares free Trading by Third Party
KNDR: 2,000,000 shares free Trading by Third Party
PGCX: 250, 000 shares free Trading by Third Party
UTRM: 500, 000 shares free Trading by Third Party
EVII: $75,000 by Third Party for Two Weeks
BOCL: $75,000 by Third Party for Two Weeks
ENTK: 400, 000 shares free Trading by Third Party
PMAH: 200, 000 shares free Trading by Third Party
HRAL: 2, 500, 000 shares free Trading by Third Party
WBRE: $75,000 by Third Party for One Week
HSCO: 380, 000 shares free Trading by Third Party
RVBF: $50,000 by Third Party for One Week
ALTO: 400, 000 shares free Trading by Third Party
AGCZ: 400, 000 shares free Trading by Third Party
GDHI: 100, 000, 000 shares free Trading by Third Party
MXGD: 1, 000, 000 shares free Trading by Third Party
BYSD: 200, 000 shares free Trading by Third Party
DGRI: 1,000, 000 shares free Trading by Third Party
EXPU: 2,000, 000 shares free Trading by Third Party
HYII: 8,000, 000 shares free Trading by Third Party
MYSL: 300, 000 shares free Trading by Third Party
WDRP: 10,000, 000 shares free Trading by Third Party
AMCG: $400, 000 by Third Party for One Month
PPII: 400, 000 shares free Trading by Third Party
IKTO: 300, 000 shares free Trading by Third Party
SMLK: 600, 000 shares free Trading by Third Party
BONZ: $50, 000 by Third Party for One Day
EVPH: 500, 000 shares free Trading by Third Party
WMBI: 1,100, 000 shares free Trading by Third Party
FVSTA: 1,400,000 shares free trading by Third Party
LHPT:15,000,000 shares free trading by Third Party
CCGC: 1,500,000 shares free trading by Third Party
BLEW: Purchased $100,000 of stock through Third Party Investor
VIVK: 1,7 000,000 shares free trading by Third Party
ZLUS: 80, 000,000 shares free trading by Third Party
SWRS: 6, 000,000 shares free trading by Third Party"

[Stock]

EVII (was HYBR, now LMCO): Interesting. "QualityStocks" got paid nearly $750,000 cash to promote that stock as HYBR.

And Ryan et al got a chunck of cash too, later, after a reverse split, when it was EVII:

EVII: $75,000 by Third Party for Two Weeks This is PSC disclaimer. When paid? By whom? Doesn't say

---

This is when it was EVII:

Posted by: laurap
Date: Tuesday, November 03, 2009 7:38:35 PM
#msg-43206742

Compensation: Research driven investor - none
DUBAI PENNY STOCK - twenty-five thousand dollars for a one w eek
Penny Stock Explosions - We have been compensated twenty-five thousand dollars for a one week investor awareness campaign on EVII by a third party
24-7 Stock Alert - We have been compensated twenty-five thousand dollars for a one month EVII investor awareness campaign by a third party.

---

When it was HYBR, Quality Stocks got at least $750,000 to promote it, if I remember right. Somebody has spread a lot of money around for this stock (through several reverse splits) for at least 3 years that I have been keeping up with it:

Posted by: petermic
Date: Wednesday, July 09, 2008 3:57:50 PM
In reply to: QualityStocks
#msg-30577866

http://www.qualitystocks.net/disclaimer.php

HYBR: QualityStocks received $187,424 from a third party for 90 days of services and received $473,497.00 from HYBR for 90 days of services.

[Stock]

Date: Tuesday, February 16, 2010 10:36:26 PM
In reply to: sherwood37 who wrote msg# 2327 Post # of 12355
#msg-46714749

PennyStockChaser.com has been compensated by the following companies for their profile:

SOCI: 700,000 shares free trading by Third Party
PPTO: 1,000,000 shares free trading by Third Party
HYGN: 13, 000, 000 shares free trading by Third Party
CVRG: 7,000,000 shares free trading by Third Party
USCN: 400, 000 shares free trading by Third Party
UPTR: $100,000 by Third Party for Two Weeks
ILVC: 921,000 shares free trading by Third Party
CGAQ: 1,000.000 shares free trading by Third Party
CTHP: $100,000 by Third Party for Two Weeks
TAMO:$50,000 by Third Party for One Week
QURI: 5,000,000 shares free trading by Third Party
XYNH: 30,000,000 shares free trading by Third Party
EVRN: 4,500,000 shares free trading by Third Party
BEHL: 50,000,000 shares free trading by Third Party
C35: 5,000,000 shares free trading by Third Party
MTRO: 250,000 shares free trading by Third Party
COYN: 500,000 shares free trading by Third Party
DUTV:1,200,000 shares free trading by Third Party
NVSR:3,000,000 shares free trading by Third Party
HRRN:20,000,000 shares free trading by Third Party
AWSL:140,000 shares free trading by Third Party
AVOE: 500,000 shares free trading by Third Party
ZENG: 3,000,000 shares free trading by Third Party
BLVI: $50,000 by Third Party for One Day
OPSY: 2,800,000 shares free trading by Third Party
XCEL: $150,000 by Third Party for One Month
STZU: 500,000 shares free trading by Third Party
IFUS: 5,000,000 shares free trading by Third Party
TTEG: 400, 000 shares free Trading by Third Party
MHYS: 500,000 shares free trading by Third Party
NGHI: $100,000 by Third Party for Two Days
BLVI: 2,000, 000 shares free Trading by Third Party
EGOH: 350, 000 shares free Trading by Third Party
MRIB: 1,000,000 shares free Trading by Third Party
VRED: 20,000,000 shares free Trading by Third Party
APDN: 800,000 shares free Trading by Third Party
MDGC: $150,000 by Third Party for One Month
WDAS: $80,000 by Third Party for One Month
OPXS: 300, 000 shares free Trading by Third Party
PLMO: 350, 000 shares free Trading by Third Party
MEVT: 350, 000 shares free Trading by Third Party
LWSP: 375, 000 shares free Trading by Third Party
HDUP: 550, 000 shares free Trading by Third Party
PNTV: $50,000 by Third Party for One Week
RGTX: 500, 000 shares free Trading by Third Party
BRYN: 1,000,000 shares free Trading by Third Party
DRGZ: $75,000 by Third Party for One Week
LUXE: $75,000 by Third Party for One Week
CLNP: 500,000 shares free Trading by Third Party
VGPR: 6,000,000 shares free Trading by Third Party
DOLV: $80,000 by Third Party for One Week
VGPR: 19,000,000 shares free Trading by Third Party
KNDR: 2,000,000 shares free Trading by Third Party
PGCX: 250, 000 shares free Trading by Third Party
UTRM: 500, 000 shares free Trading by Third Party
EVII: $75,000 by Third Party for Two Weeks
BOCL: $75,000 by Third Party for Two Weeks
ENTK: 400, 000 shares free Trading by Third Party
PMAH: 200, 000 shares free Trading by Third Party
HRAL: 2, 500, 000 shares free Trading by Third Party
WBRE: $75,000 by Third Party for One Week
HSCO: 380, 000 shares free Trading by Third Party
RVBF: $50,000 by Third Party for One Week
ALTO: 400, 000 shares free Trading by Third Party
AGCZ: 400, 000 shares free Trading by Third Party
GDHI: 100, 000, 000 shares free Trading by Third Party
MXGD: 1, 000, 000 shares free Trading by Third Party
BYSD: 200, 000 shares free Trading by Third Party
DGRI: 1,000, 000 shares free Trading by Third Party
EXPU: 2,000, 000 shares free Trading by Third Party
HYII: 8,000, 000 shares free Trading by Third Party
MYSL: 300, 000 shares free Trading by Third Party
WDRP: 10,000, 000 shares free Trading by Third Party
AMCG: $300, 000 by Third Party for One Month

[Stock]

WDAS: I noticed they got $80,000 for that stock. Not shares. That's interesting.

I bet that cash was spread around pretty good.

[Stock]

thanks for the lead.

i'll look around iHub and see if it's archived here, too.

did you notice every disclaimer has an anonymous third party?

that's not 17(b) compliant.

also, no dates. not compliant with 17(b), either.

[Stock]

from pennystockchaser.com/disclaimer/

"PennyStockChaser.com has been compensated by the following companies for their profile:

SOCI: 700,000 shares free trading by Third Party
PPTO: 1,000,000 shares free trading by Third Party
HYGN: 13, 000, 000 shares free trading by Third Party
CVRG: 7,000,000 shares free trading by Third Party
USCN: 400, 000 shares free trading by Third Party
UPTR: $100,000 by Third Party for Two Weeks
ILVC: 921,000 shares free trading by Third Party
CGAQ: 1,000.000 shares free trading by Third Party
CTHP: $100,000 by Third Party for Two Weeks
TAMO:$50,000 by Third Party for One Week
QURI: 5,000,000 shares free trading by Third Party
XYNH: 30,000,000 shares free trading by Third Party
EVRN: 4,500,000 shares free trading by Third Party
BEHL: 50,000,000 shares free trading by Third Party
C35: 5,000,000 shares free trading by Third Party
MTRO: 250,000 shares free trading by Third Party
COYN: 500,000 shares free trading by Third Party
DUTV:1,200,000 shares free trading by Third Party
NVSR:3,000,000 shares free trading by Third Party
HRRN:20,000,000 shares free trading by Third Party
AWSL:140,000 shares free trading by Third Party
AVOE: 500,000 shares free trading by Third Party
ZENG: 3,000,000 shares free trading by Third Party
BLVI: $50,000 by Third Party for One Day
OPSY: 2,800,000 shares free trading by Third Party
XCEL: $150,000 by Third Party for One Month
STZU: 500,000 shares free trading by Third Party
IFUS: 5,000,000 shares free trading by Third Party
TTEG: 400, 000 shares free Trading by Third Party
MHYS: 500,000 shares free trading by Third Party
NGHI: $100,000 by Third Party for Two Days
BLVI: 2,000, 000 shares free Trading by Third Party
EGOH: 350, 000 shares free Trading by Third Party
MRIB: 1,000,000 shares free Trading by Third Party
VRED: 20,000,000 shares free Trading by Third Party
APDN: 800,000 shares free Trading by Third Party
MDGC: $150,000 by Third Party for One Month
WDAS: $80,000 by Third Party for One Month
OPXS: 300, 000 shares free Trading by Third Party
PLMO: 350, 000 shares free Trading by Third Party
MEVT: 350, 000 shares free Trading by Third Party
LWSP: 375, 000 shares free Trading by Third Party
HDUP: 550, 000 shares free Trading by Third Party
PNTV: $50,000 by Third Party for One Week
RGTX: 500, 000 shares free Trading by Third Party
BRYN: 1,000,000 shares free Trading by Third Party
DRGZ: $75,000 by Third Party for One Week
LUXE: $75,000 by Third Party for One Week
CLNP: 500,000 shares free Trading by Third Party
VGPR: 6,000,000 shares free Trading by Third Party
DOLV: $80,000 by Third Party for One Week
VGPR: 19,000,000 shares free Trading by Third Party
KNDR: 2,000,000 shares free Trading by Third Party
PGCX: 250, 000 shares free Trading by Third Party
UTRM: 500, 000 shares free Trading by Third Party
EVII: $75,000 by Third Party for Two Weeks
BOCL: $75,000 by Third Party for Two Weeks
ENTK: 400, 000 shares free Trading by Third Party
PMAH: 200, 000 shares free Trading by Third Party
HRAL: 2, 500, 000 shares free Trading by Third Party
WBRE: $75,000 by Third Party for One Week
HSCO: 380, 000 shares free Trading by Third Party
RVBF: $50,000 by Third Party for One Week
ALTO: 400, 000 shares free Trading by Third Party
AGCZ: 400, 000 shares free Trading by Third Party
GDHI: 100, 000, 000 shares free Trading by Third Party
MXGD: 1, 000, 000 shares free Trading by Third Party
BYSD: 200, 000 shares free Trading by Third Party
DGRI: 1,000, 000 shares free Trading by Third Party
EXPU: 2,000, 000 shares free Trading by Third Party
HYII: 8,000, 000 shares free Trading by Third Party
MYSL: 300, 000 shares free Trading by Third Party
WDRP: 10,000, 000 shares free Trading by Third Party
AMCG: $400, 000 by Third Party for One Month
PPII: 400, 000 shares free Trading by Third Party
IKTO: 300, 000 shares free Trading by Third Party
SMLK: 600, 000 shares free Trading by Third Party
BONZ: $50, 000 by Third Party for One Day
EVPH: 500, 000 shares free Trading by Third Party
WMBI: 1,100, 000 shares free Trading by Third Party
FVSTA: 1,400,000 shares free trading by Third Party
LHPT:15,000,000 shares free trading by Third Party
CCGC: 1,500,000 shares free trading by Third Party
BLEW: Purchased $100,000 of stock through Third Party Investor
VIVK: 1,7 000,000 shares free trading by Third Party
ZLUS: 80, 000,000 shares free trading by Third Party
SWRS: 6, 000,000 shares free trading by Third Party"

[N4longterm]

There is one here, from May 19th (go to page 2).

http://www.investimonials.com/websites/reviews-pennystock-chaser.aspx

EDIT: Actually that is just a list of supposed clients. Sorry.

[Stock]

Does anybody have a comprehensive cut and paste of their disclaimer? one that was on their web site?

[JoeHall]

The complaint listed six examples of their touting, the most profitable example of which was a Toronto company called Atlantic Wind & Solar Inc. The company claims to be making rooftop solar panels. A posting on PennyStockChaser on Oct. 21, 2009, stated: "[Atlantic] is making loads of cash for members who are in the game ... PSC spoke to the company today and they tell us that members should buckle in. Big news is coming at the end of this week." The next day the stock reached a $4.84 high on volume of over one million shares. While posting that message and three others like it, Mr. Ryan and Ms. McKeown sold 360,000 shares, grossing $780,600, the SEC claims.

Another example cited by the SEC was Biocentric Energy Holdings Inc., a Florida company that purported to be developing green energy technology. PennyStockChaser issued four messages touting the stock, including one on July 4, 2009, which stated: "[Biocentric] is the real deal.... This stock already has HUGE VOLUME and it will only get better." The stock, which was trading under a penny, rose to a three-cent high, and its volume had a high of 30 million shares. The SEC said that Mr. Ryan and Ms. McKeown sold 24 million shares around the same time, grossing $569,000.

The other examples listed by the SEC were Avro Energy Inc., Converge Global Inc., Bluewave Group Inc. and MSE Enviro-Tech Corp., which followed similar patterns. The regulator sought disgorgement of ill-gotten gains, appropriate civil penalties and permanent penny stock bans.

[Stock]

maybe the whole thing really was just two people hiding behind a computer, and they did the whole thing totally on their own, had no employees, no consutants, no accounts, no attorneys, nobody, nada.

but i seriously doubt it.

[JoeHall]

SEC usually gets the weak to sing rather quickly...they'll offer them immunity, same old song and dance...eventually they'll sing, and they will locate Shrek and Fiona ( ogre fiona ) at some point in time

[Stock]

i really wouldn't know.

but so far nobody close to them in any way has come forward at all that i have seen.

that's really unusual.

i did read they had 12 employees, including Ryan and McKeown.

so there are at least 10 involved, unemployed people who will probably have an opinion about the whole thing.

maybe one of them will come forward at some point, preferably in a deposition that will be a matter of public record or something.

[JoeHall]

maybe Ryan and his heiffer gal pal were involved with a certain crime family...?

[Stock]

No defenders of the PSC team have arrived yet on this message board.

Where are they?

Are they somewhere else on the internet?

I looked around a little today, and I found no evidence, anywhere of anybody standing up for the people involved in the indictment. Nobody is suggesting that anything specific in the indictment is wrong, or even questionable.

All we have seen here is the usual "the SEC is incompetent" and "all they will get is a slap on the wrist" posts here to dismiss the affair. That's not very specific to the indictment or any details of the case.

Mostly what I have read so far is general condemnation of someone screwing the average investor, as well as comments about their personal appearance and that kind of crap.

Not even ONE "I have a friend that worked with them and they tell me..." post has appeared anywhere that I have seen.

So far, anyway.

[JoeHall]

i'm fairly certain you might find a few posters on ihub on the psc team...jmho

[db7]

justice.

[Stock]

I hope the SEC gets to the people they paid to post about stocks on internet message boards, too. Wouldn't that be awesome?

[db7]

this blurb is very interesting as the 'disclaimer' seems to be standard practice by all paid touts... i think people were under the impression that they covered their *sses.... guess it didn't


"The SEC said the only warning investors received was woefully inadequate. It came in the form of a disclaimer, which stated that the couple "may be selling shares of the stock at the same time the profile is being disseminated," which investors should view as a "definite conflict of interest."
"

[kennypooh]

Dan Ryan and Carol McKeown failed to appear at a preliminary injunction hearing held in Florida on Tuesday, July 6, 2010.

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:*SEC-1738477&symbol=*SEC&news_region=C

[Stock]

people hire lawyers that have been barred from penny stocks. i have seen that just recently.

[Sportsjunkie]

you left off that everyone has hired an ex sec lawyer as their counsel and they are completely within the structure of their advice...lol

[Sportsjunkie]

if you look at the response i am posting to he said he believed that psc will be slapped and i responded that i believe that psc will have the book thrown at him and be the lead example for the new task for being set up...

nowhere did i say that psc was an innocent party and to answer another question there is a board that is set up to discuss ....

[Stock]

People get all kinds of legal advice about what kind of disclosure is required. Some heed advice, some ignore advice.

And the truly insane never get advice; they just copy what someone else is doing (or what they are TOLD by another promoter to do) and then ASSume what they are doing must be legal because that's what someone else did. Big mistake.

And then there are those who intentionally lie or omit information they don't want known in disclosures. Many promotoers omit the dates of compensation and use the mysterious unnamed "third party" compensation disclosure, which is not full disclosure, as required under the law. Also, a big mistake.

This is the first case I have seen where the specific number of shares in compensation disclosed by the promoter was part of the indictment, however. But I don't read them all, so I could be mistaken. I actually think that's kind of a minor point.

As for Twister and Factbook, the venue doesn't matter. It's still up to the commercial user to 1. state their commercial status and 2. inform readers that their stock content is compensated. Web sites are not responsible for policing that. It's the author's legal responsibility.

Also, most web sites have special terms for commercial users of their web sites; many people ignore those terms, incuding the site operators, until there is a problem. In fact, some web sites PROHIBIT commercial users and terminate accounts when there is a problem or abuse that leads to discovery of cemmercial abuse of their web site.

Well, now there's a problem. The commercial user problem is the major issue. And I bet that this case doesn't resolve it.

Like I said last week, this case will be entertaining. Mostly to see how Facebook and Twister respond to it. Their web sites were mentioned in the indictment. They can't be happy about that.

[Sportsjunkie]

i see psc being the example of a new group of sec reps out there to make a name for themselves...
i dont remember ever seeing a case brought by the miami sec dept which tells me there could be a new task force that was started in the miami s.e.c designed for the penny market...

[Sportsjunkie]

it appears the problem the sec has found is that mr. R has another company name that takes in stock and than pays psc which he also owns less amount so that his disclaimer does not look as big as it really would be..

as for twitter and facebook,i think the miami s.e.c guys have opened a great big door cause i dont see the disclaimers being used there and the promoters think there is a blanket that covers them..

plus my understanding from the s.e.c is if you have 500,ooo shares and on day 2 you have sold 75,000 shares,they want that info in the updated disclaimer he time you send out an email..
subway was doing it that way in the last few years he was around...

[Buckey]

HUMMM Slap on wrist - NOT ALWAYS. Loving this one. He who lauigh last..........


SEC's case against Wile, Lines set for Oct. 12


2010-07-07 15:30 AT - Street Wire

Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission


by Mike Caswell

The U.S. Securities and Exchange Commission's market manipulation case against West Vancouver promoter Anthony Wile, his uncle Wayne Wew and the Lines brothers of Bermuda has been scheduled for trial by jury. The hearing will start on Oct. 12, 2010, at 9:30 a.m. in New York. At trial, SEC lawyers will argue that the men manipulated Vancouver-based Sedona Software Solutions Inc. to $10 with misleading news releases and paid touts, and that the Lines brothers sold $1.5-million worth of stock. (All figures are in U.S. dollars.)

The trial date comes after the judge rejected motions by Mr. Wile and the Lines brothers to have the majority of the SEC's case thrown out. They unsuccessfully argued that there was no evidence that they did anything wrong, and claimed that Sedona's news accurately described a deal to acquire mining properties in South America. They said that that the SEC contributed to that deal's failure by halting the stock. The judge denied their motions in a June 23, 2010, decision, without giving any reasons.

SEC's complaint

The SEC launched the case on Dec. 19, 2007, when it filed a civil complaint in the Southern District of New York. The defendants included Mr. Wile, Mr. Wew, newsletter writer Bob Chapman, and Scott and Brian Lines. Also named was LOM (Holdings) Ltd., a Bermuda brokerage run by the Lines brothers.

According to the complaint, the Sedona manipulation took place in January, 2003, after the Lines brothers secretly acquired 99 per cent of the company's shares through nominees. The SEC said they enlisted friends to act as signature directors for offshore companies that bought the shares. The men then touted the company in news releases as a gold producer with the rights to three mines in South America. The SEC said the news was misleading, because Sedona had not actually closed its deal for the mines, and it still had to raise $6-million to satisfy the terms of the agreement.

The complaint also described how the Lines brothers and Mr. Wew carried out a prearranged trade on Jan. 21, 2003, in which Mr. Wew bought 5,000 shares at $8.25 from accounts the Lines brothers controlled. The stock had last traded at three cents. Over the next week, the Lines brothers sold 159,300 shares at prices between $9 and $10, the SEC said.

Fuelling demand for the stock, according to the SEC, were "independent" research reports that Mr. Wile paid for. The author of one of these reports was Mr. Chapman, who failed to disclose that he had bought 370,000 shares of the company under $1, the SEC said. He then predicted that Sedona would reach $62, touting it as "an incredible opportunity that could be the largest public offering in the United States for a mining company this year."

The promotion ended on Jan. 29, 2003, when the SEC halted the company, citing questions about the accuracy of its agreement to acquire rights to the mines. When it resumed trading two weeks later, Sedona fell under $1.

The SEC sought orders permanently banning all of the defendants from participating in penny stock offerings, as well as appropriate civil penalties and disgorgement of profits.

Motions to dismiss

The Lines brothers denied any wrongdoing, and filed a motion for summary judgment against the SEC on Feb. 1, 2010. In it, they asked the judge to dismiss most of the case on the grounds that the SEC had not provided sufficient evidence to show that the company's news was misleading.

According to the motion, the mines Sedona proposed acquiring were a valuable asset that had once belonged to Greenstone Resources Ltd., a public company that operated them during the 1990s. At one point it had a $1-billion market cap. Greenstone started having problems in 1999 when gold fell to $250 per ounce, and it eventually went bankrupt.

In 2002, Mr. Wile reached a deal to acquire a 90-per-cent interest in the mines through a private company called Renaissance Mining Corp. The terms called for Renaissance to obtain $5.5-million in financing, which it proposed raising by going public. The company would merge with Sedona in a reverse takeover.

Immediately after Sedona announced the agreement, the SEC began investigating. According to the motion, the regulator phoned Mr. Wile and Brian Lines as well as several investors. At least one investor was scared to the point where he immediately sold his shares, the motion stated. Seven days after the company announced the deal, the SEC issued the suspension order. With the stock halted and a major investigation under way, closing the deal became impossible, the Lines brothers said. The mines eventually went to RNC Gold Inc., a Toronto Stock Exchange listing that raised $30-million and was later taken over by Yamana Gold Inc.

Mr. Wile and Mr. Wew filed similar motions on Jan. 25, 2010, also asking the judge to dismiss the majority of the SEC's case.

Settlement talks

There remains the possibility that the men could reach a settlement before the trial. On July 2, 2010, the judge referred all sides to a magistrate judge to facilitate settlement discussions. Should those talks fail, the trial will begin as scheduled.

One of the defendants who will not be participating in the settlement talks or the trial is Mr. Chapman. On June 18, 2010, the SEC won a default judgement against the 72-year-old newsletter writer after he failed to respond to the suit. The judge banned him from penny stocks, and invited the SEC to file an application for appropriate civil penalties.