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Another awesome pick tomorrow
Zappin' Z Stocks #2
http://nextzstocks.blogspot.com/2010/11/zapin-z-stocks-2_15.html
Please check out my blog http://nextzstocks.blogspot.com/
SEC Rounds Up Penny Stock Promoters
MIAMI (CN) - More than a dozen penny stock promoters and their companies - including a former star of the TV show "CHiPs" - were charged with using kickbacks and other schemes to manipulate the volume and price of stocks and illegally generate stock sales. Larry Wilcox, who played CHP Officer Jon Baker on "CHiPs," is one of those charged with securities fraud.
Wilcox, of West Hills, Calif., and his company, The UC Hub Group, were charged along with Anthony Mellone of Fort Lauderdale, who was CEO of Tri-Star Holdings nka Macada Holdings; and Alex Parsinia, of Calabasas, and his company Zcom Networks.
Mellone "began the process by paying an illegal kickback to a purported employee pension fund trustee who was to purchase 40 million restricted shares of Tri-Star stock," the SEC said in announcing the roundup. "Days later, Mellone paid another kickback for a purchase of 50 million restricted shares of stock. Unbeknownst to Mellone, the corrupt trustee and the trustee's business associate were undercover FBI agents, and another middleman was an FBI cooperating witness. Mellone, satisfied how the deal worked for his own company, sought to implement the same fraud with others."
Undercover FBI agents were involved in all of the stings.
Charged in accompanying federal complaints were Jean Charbit, a French citizen who lives in Miami, and Tzemach David Netzer Korem, who uses several aliases and is believed to live in Los Altos, Calif. "He also created a fictitious country, the Dominion of Melchizedek, which claims 'ecclesiastical sovereignty' on an island in the South Pacific and has been the subject of criminal prosecutions in several countries," the SEC said.
Also charged were Scott R. Sand, of Calimesa, Calif., the CEO of Ingen Technologies; Jeffrey Galpern, a Boca Raton, Fla., stock promoter; Bruce Palmer and his company, AccessKey IP, of Placitas, N.M.; and John "Buckeye" Epstein and Steven E. Humphries, executives at Texas-based Earthworks Entertainment and The Flight Zone.
The SEC seeks disgorgement plus interest, financial penalties and injunctions against all of them
Zappin' Z Stocks
http://nextzstocks.blogspot.com/
Right over here bud :)
I will post there first then email list there and then various like this board
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Phoenix Suns @ Portland Trailblazers, Oct 26 10:00pm ET
Go Suns!!!
Going into the last week of October next week. Boy does this year seem like it is flying by.
Z-Man gave your board number 33-reconranger
Will the pick tomorrow be available thru etrade online?
And that's exactly why i'm not getting in any more if that's the case
I own QSGIQ... great play atm. Good DD.
What are your thoughts on QSGIQ? This a low float Q play with a huge POR due out this week confirming the commons remaining intact.
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This some of the excellent DD supporting the facts that these commons will in fact remain intact
Anybody pick up CYCA cheapies .0011-.0012 yesterday?
Told ya to start accumulating :)
Pennies soon imo
Have a great feeling about this pick...
...going large into it
"Q" Low Float Reverse-Merger Team Pick Tuesday
Last pick ran 5000%
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Haha, tape Chuck then watch it later. Ranking a tie of #1 with 24 in my books.
nope just cod 6
Can you short a penny stock?
The fact is NO you cannot. Brokers will require OTC investors to have $2.50 of margin per share, to short a stock under $2.50. Say you want to short a double zero stock $1,000 worth @ .005. That requires a margin account balance of $500k.
On the Interactive Brokers website:
Also, the numbers that people continually post from the FINRA site about how many shares of a particular stock were sold short are VERY misleading and inaccurate. Among other factors that they use to arrive at those figures, they include shares that were purchased or sold from a margin account as being short sales.
Every trader I know uses a margin account because it get's you around the T plus 3 rule. Of course, you can't buy penny stocks on margin, but you can trade from a margin account and when you sell shares using a margin account the funds are available immediately to use again.
Thank you mimurray for the very informative posts.
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THE OWNER OF THE REAL ESTATE COMPANY IS THE WIFE OF THE GUY WHO OWN'S THE SHELL LOL. IT ALL MAKES SENSE THE R/M IS GONNA HAPPEN AND THEY HAVE NO SHADY BACK GROUND SHE JUST IS BETTER AT BUSINESS THAN HIM AND SHE OWN THE 38 MILL RESTRICTED SHARES OF GVDI. LOL THIS THING IS GONNA EXPLODE.
They sure ain't going to waste $20M on a no-for-good company.
Good stuff!!
check out gvdi 20 MILLION INVESTED RIGHT THERE ON THE WEB SITE http://www.goldenvalleydevelopment.com/index.php The total shares outstanding for this company as of 08-16-2010 is 72,400,000 shares outstanding with 34,345,669 shares free trading and 38,054,331 shares restricted with 75,000,000 shares authorized.
If that is so... then the stock is a shell.
They are completely unrelated. Kellstrom from what I understand now is a private company. It never occurred to me that the company and the stock would be unrelated. I just went by your DD - it sounded real good.
So where did the money go on the shares traded if not to the company? Who is behind this?
No, but the PR's have been related to Kellstrom... I would suggest calling the company Monday.
Z-MAN - someone posted on the KELLQ board that KELLQ has no relation to Kellstrom. Do you know anything about this? See post #164.
Made a really nice move today
ETAR low float with 9 million. Looks like news might be around the corner per another poster.
Email from the CEO received at 09/09/2010 08:57
It was true, however, we are waiting for a review of a test we have just
completed with a fortune 100 Company scheduled for late next week.
CYCA -- Too many good things to list here. eHealthcare business plan. Up for Obama healthcare funding. Chart turning up.
LGAL -- .20 coming based on funding news to find treasure worth over $2,000,000,000
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