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Oh yes, I have been reading OTCMarket's recent rants against NASDAQ (well, one person's rants anyway, but no doubt Coulson supports it). Very much the pot calling the kettle...well, you know.
NASDAQ very much needs to get their head out of their ass. They are being played, and it looks very bad.
This is a PUMP AND DUMP to enrich the convertible debt lenders.
Nothing more.
Which is why it is being pumped on social media by what are undoubtedly paid, but undisclosed, promoters using a number of fake accounts designed to give the impression of investor interest that does not exist.
No, it is there due to NASDAQ allowing 3rd parties, many of whom have conflicts of interest, to post whatever they damn well please on their website without any vetting or review for accuracy.
I never thought it was possible, but NASDAQ is quickly becoming as bad as OTCMarkets in a lot of ways.
NASDAQ needs to learn what Forbes, Fortune, IBD and Seeking Alpha already learned the hard way. You just can't allow unrelated 3rd parties to post unreviewed garbage on your website, as they will use it for stock promotion (of questionable legality).
No doubt that is what this opinion piece is all about. And NASDAQ's half-assed disclaimer which is long PAST the end of the article, and likely to be seen by almost no one, and completely ignored by the rest, isn't going to stop the stock pump that will absolutely occur from ignorant investors assuming this opinion piece has some kind of factual merit by it being published by NASDAQ.
What happened to NASDAQ? Have all the professionals that used to be employed there just wandered off leaving no one capable in charge?
Check out what BS they are allowing to be posted on their website. This opinion piece, to no one's surprise, contains ZERO factual evidence of Naked Short Selling, and it directly contradicts NASDAQ's own research and position on the matter. Yet they allow it to be posted to their site and stir up more ridiculous claims of naked short selling where none exist.
NASDAQ just keeps getting worse and worse.
https://www.nasdaq.com/articles/how-three-companies-are-taking-aim-at-alleged-naked-short-sellers
COWI is an insolvent pump and dump. They are not becoming "more solvent" at all, since they can't pay their bills. Their debts and liabilities are increasing daily, which is probably why the 10-Q is so late. They can't pay for it. And it just gets worse and worse, as just the interest on their toxic death spiral convertibles is over $3K EVERY DAY.
That was an episode of Alfred Hitchcock Presents TV show. Besides lending his name and taping intros, Hitch really had nothing to do with the individual episodes.
But that in no way takes away with how good many of the episodes of the series were. Great writing and acting.
As they say, they just don't make 'em like that anymore.
Another old mining scam is back to scamming.
https://finance.yahoo.com/news/north-bay-resources-inc-nbri-143000026.html
Extrapolating a property wide resource from a few samples. The oldest mining scam technique there is, but NBRI has been using that kind of fake "science" for decades.
This is a VERY obvious pump and dump. COWI is completely insolvent, and Lloyd Spencer lies every time he opens his mouth. This is Lloyd's FOURTH pump and dump on this ticker. How many times until people learn?
Where is the 10-Q? He told the SEC it would be filed by now. Another lie.
This is a pump and dump being promoted to allow insiders and the toxic lenders to dump. Nothing more.
Any REAL player won't touch it.
Clearly I must be watching, and listening, to the wrong shows, as I have never heard of Balance of Nature or their supplements.
But I do find their statement that they determine what goes into each of the supplements "by smell" hilarious. What happens if the person mixing the stuff has a cold (or allergies) that day?
Oh wait, if they take their supplements, they don't get colds!
Just another Utah based scam.
The new loan is WORSE. They took out a NEW toxic convertible loan, at TERRIBLE terms, to pay off the old ones.
They took out a $500,000 convertible loan but only received $425,000 right off the top. Yeah, that is something to cheer about. The lender immediately gets to keep 15% of the loan PLUS the huge interest rate after the Company defaults (which is almost guaranteed), AND the toxic conversion terms.
This is not a good deal in any sense.
All Lloyd does is grift "investors" and enrich insiders and the toxic death spiral convertible holders. Always has, so why would he change the script that makes him big bucks?
He doesn't give a crap about shareholders beyond being able to take their money for himself.
So this board is ONLY about cheerleading with BS claims, and not factual evidence that contradicts the crap that the pumpers spew to get idiots to buy this worthless stock?
This is a discussion board. Not a pumper board.
I suggest you read the I-Hub Terms of Service.
No, it won't.
You clearly do NOT understand anything about Mexus and why they failed.
They are BROKE. INSOLVENT. Massively in debt. And they have ZERO assets of any value of any kind. In fact, their largest "asset", which has ZERO economically recoverable gold, is actually a massive liability, as the clean-up obligations, which Mexus is legally obligated to pay for, is HUGE.
Mexus is finished. Higher metal prices will not help them in any way. There will always be another company that isn't already in a massive debt hole that actually has real assets of value and can raise money to explore those assets that will attract capital infinitely better and faster than the delinquent, expert market worthless POS that Mexus will.
Mexus will not be coming back. Your money is gone.
The 10-Q was due YESTERDAY. It is already late.
The 10-Q was due YESTERDAY. COWI can't do anything right, can they?
I wonder what the problem is this time? Could they not fit their entire accounting and management staff inside their private PO Box of a head office?
I love how they don't actually name any of the firms purportedly involved in their "investigation". Because, you know, who would want to independently verify their statement and investigation?
Now that it is automatically a formal investigation by the SEC, the subpoenas are gonna be a flying. Let's see which "Top 10 U.S. Law Firm" is named.
Hindenburg isn't shorting the market, just individual lying garbage. And anyway, the broader market is being led by only a handful of large stocks. Take out that handful and the markets overall are down significantly.
I don't know how much money Hindenburg spends on their research, but it is not an insignificant sum. And I am sure that for each stock they publish a report on, they have 2 others they spend money on but don't publish, or even short.
Tingo issued their (fake) 3rd quarter "earnings" this morning. The claims have always been outrageously hilarious, but even more so with the SEC suspension.
https://www.globenewswire.com/news-release/2023/11/14/2779924/0/en/Tingo-Group-Inc-Reports-Third-Quarter-2023-Financial-Results.html
I wonder if management had the conference call this morning as scheduled? If they did, it would have been a real hoot, and I am sure it would have been packed with representatives of the SEC and various international law enforcement agencies. If it was held, the replay should now be available at 1-844-512-2921, if anyone wants to try it out.
You are, again, wrong.
Mexus remains an SEC registrant. Even if they are severely delinquent in their obligations. As a registrant, they are legally obligated to tell you everything.
Period.
They are dead. Nothing is being worked on.
They ARE pumping the stock. Many places online. But some are not easily visible, like Discord, or DM's.
The recent posts HERE about this stock are also quite obvious pumping.
This is a pump and dump to allow the toxic death spiral convertible holders to dump their shares on foolish and ignorant investors who think there is something here.
There isn't.
The toxic death spiral holders hire people to pump the stock on social media. THAT is the only "eyes" coming in here.
I think Mexus is more like Elvis.
Clearly dead, not coming back. But people are not only still nostalgic about when he was alive, they continue to believe he is coming back.
And in the meantime, they spend lots of money on related things with no return and gather with other fans to talk about both the gold ol days and how amazing it will be when Elvis reveals himself as alive. And all that crap they spent money on will then be worth MILLIONS!
Mexus is STILL grossly overvalued.
It's true and fundamental value is zero.
Wow, check out that volume today! 28 cents worth! I guess someone has been rummaging around their couch or under their driver's seat in their car and just had to spend what they found!
COWI is an insolvent pump and dump. They are running out of new suckers who buy their BS, so volume is almost non-existent.
What is so surprising about WeWork is that it was once valued at $47 billion, yet they were not doing anything that had not already been done (and better). Co-Working spaces were a thing long before WeWork came along. Regus pioneered that market and is still out there doing it better than WeWork. They not only didn't invent the wheel, they didn't even design a better wheel than what was already out there. They just threw some glitter on it and packaged it up in a sexy manner that never worked as a business.
Failure under their business model was inevitable. I am also skeptical that a reorganized WeWork will be able to survive, much less thrive, long-term.
.
Yes, he may have been legit, but the vast majority of annuities are not. 99% of the time they are HORRIBLE investments and no one should "invest" in one. The 1% that may benefit from one usually won't, because the fees are so damn high on the majority of them, which is why so many advisors (many of them completely unqualified, BTW) are out there trying to sell them.
In a word, they suck.
If anyone gets an invitation or solicitation for an annuity seminar, run away as fast as you can.
WeWork goes bankrupt after PR hoax on Friday.
WeWork filed for bankruptcy this afternoon, which isn't really a surprise to most people. Except that last week a fake PR was issued through BusinessWire which pumped the stock up and obviously allowed the issuer to dump stock before today's filing.
The fake PR was purportedly from Cole Capital, which is a real fund manager in Phoenix. The fake release claimed Cole was making a tender offer for 51% of the stock held by the non-majority holder at $9 per share in cash. The stock was trading for $1.11 at the time. The stock soared in response, both in regular trading and in the after-market.
Eventually BusinessWire issued a KILL notice for the release. But, it is still available in a few places.
A copy of the fake PR - https://www.benzinga.com/pressreleases/23/11/b35603245/a-proposal-by-cole-capital-funds-seeks-to-acquire-51-of-all-minority-ownership-shares-of-wework-in
The KILL notice - https://www.morningstar.com/news/business-wire/20231103762883/a-proposal-by-cole-capital-funds-seeks-to-acquire-51-of-all-minority-ownership-shares-of-wework-inc-for-900-per-share-in-cash
The stock was halted today for "pending news", but I wonder if the halt was less about the bankruptcy and more about the fake PR.
You need to know about "all that shit", as that is what is destroying this company and guaranteeing it will have no value soon.
Fundamentals matter. Even professional chartists pay attention to basic fundamentals.
The charting is complete BS.
COWI is an insolvent pump and dump. That volume came from the toxic death spiral convertible holders dumping shares on idiots who can't read SEC filings and/or think charting has any value whatsoever.
Last week's trades down at 0.000001 means that the toxic convertible holders can now convert their shares at prices down to 35% of the lowest trading price, or $0.0000035 per share. Obviously they will take any price they can get above that, as long as they can find suckers to buy this worthless POS.
There is no rally is this stock. Just more converting and dumping from the toxic death spiral convertible holders who have a virtually unlimited number of shares to dump here.
Charting and technical analysis on an insolvent penny stock.
Hilarious!
The last ditch attempt to convince people this is a "good stock". The fundamentals are perhaps the WORST possible, so deflect from the facts and instead try to fool people with the BS that is technical analysis.
It is almost as if someone is shilling for the toxic death spiral convertible holders, trying to convince enough idiots to buy their heavily discounted shares before this complete collapses. AGAIN.
I had to hold my nose to keep from gagging just reading that article.
Prosecutors treat financial crime FAR too leniently. Even prison time doesn't deter, or even stop, this scum. But at least it slows them down a bit.
I am quite sure I know which brokerage firm ("Brokerage A" in the SEC complaint) was the one they were ripping off.
It is Robinhood.
Robinhood not only grants instant credit to new accounts, but also allows them to trade options without any requirements for being a sophisticated and experienced investor with minimum net worth that FINRA is supposed to require and most every other brokerage follows.
It seems to be confirmed as in the Complaint the SEC references a "gold" status of an account, which is a Robinhood account type.
I am gobsmacked that Robinhood not only did not detect this scheme almost instantly, but that they didn't identify an issue with the massive prices for the out of the money options being traded twice in one day. Most brokerages would identify that issue as soon as the first leg of the trade was finished and flag the account.
This demonstrates again Robinhood's complete internal control and compliance failures. Frankly, FINRA and the SEC should have thrown them out of the business a long time ago.
What part of they don't qualify do you not understand?
To even apply for an exchange, they have to be current with all reporting. But even if Mexus does catch up, they still are a LONG way from qualifying for any Exchange on pretty much every standard. They don't meet ANY of the requirements.
Mexus is a joke. The claims about looking at an Exchange listing were a complete fantasy. They said it to fool idiots who don't know any better and who might think it had a kernel of truth.
It didn't. It was complete BS the second they said it.
Huge amounts of toxic death spiral convertibles have that effect.
The stock is nothing but a pump and dump. The toxic lenders are known to hire people to secretly pump stocks on social media to drive buying the toxic lenders can dump into.
I have no doubt that is happening with this stock.
Really? You can't recognize that it doesn't matter at all what COWI says or does anymore because the ONLY things that matters are the insolvency and the toxic death spirals?
Once a company issues the toxic death spiral convertibles, it is OVER. From that point forward, the stock is doomed to fail. Period. Guys like Lloyd can make up as much BS to fool ignorant investors into buying the shares insiders and the toxic funders are dumping, but it really has zero bearing on the company or their ultimate fate. None.
COWI is an insolvent pump and dump that will die due to the massive amount of toxic death spiral convertibles they have issued that is the source of all this dumping. Today's billion share day doesn't even make a dent in their outstanding debt load. It is going to sink and kill the company. It is not a question of if, but when.
It is shocking how many investors refuse to believe the facts.
COWI is an insolvent pump and dump. Period. The massive amount of toxic death spiral convertibles they have issued will KILL the company. It isn't a question of if, but when. That is why they are called "toxic" - they kill every company that issues them.
Lloyd's latest pump of COWI seems to be running out of steam. Considering this is his FOURTH pump and dump of broke and insolvent COWI, it is not really a surprise.
How long until Lloyd goes back into hiding and COWI goes dark again, waiting for people to forget until he cooks up some new story and uses that to pump COWI for a FIFTH time? Not long, it seems.