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And now all ITKG needs is less pump & BS and an actual product that someone, anyone will buy after 14 years of selling toilet paper into the market.
But it's never going to happen and you know it hoosier. Nothing you claim has ever led to anything of substance.
You were the one who brought up offenders today hoosier. Take a look in the mirror pal. lol Maybe you should be cautious about who you accuse and of what you accuse them of. ;)
"Thanks hoosier06 good to see ya."
I agree. It's good to see hoosier back to explain his last assertions about ITKG that, just like all of his assertions, NEVER came true.
14 years and counting now.
Hey hoosier, what happen to the big wig in the auto industry? Looks like that story line has played out and now ITKG is pumping a so called military supplier.
ITKG is one lie after another.
If ITKG is so great like some here have been saying for 14 years then why did they have to expand with 2.3 million shares and where has that money gone?
Into their pockets, that's where.
You must be VERY happy then, because ITKG has been putting out these kinds of PRs for well over a decade and NO products have ever made it to the market place.
Can you explain why that is?
TIA
Cool
Agreed. But if I was still in, I would have already sold it this morning. ;)
I will continue to watch CLR as a possible channel play.
Another scam PR put out by ITKG.
"At the request of the customer its name will not be published so as to enhance its competitive advantage in utilizing ElectriPlast™."
If ElectriSCAM was a product that the markets really wanted then didn't ITKG just give away the competetive edge with the above statement.
If I am understanding this PR stunt, the product usage would, in theory, constitute the competetive edge, not the name of the company that we all know is just another ruse like Jasper Rubber. Wouldn't the license protect the competetive edge???
Of course, I could be wrong. Maybe ITKG got $1.50 for this license agreement rather than the dollar that Jasper paid them.
Again, prison time would seem appropriate here.
QASP PR...
"Newby and Associates has acknowledged that its institution is in
receipt of the necessary Quasar Aerospace Industries, Inc. stock to secure the
necessary bridge financing of $500,000.00 which shall cover expenses for the
investment grade collateral securing the first $10,000,000 loan."
Has Newby (bad choice of name?) already sold these shares or is a new blitz headed our way?
I'm in!
When I was new to iHUB and this board coydog was very helpful to me in understanding some of the game. Including the fact that CEOs, etc. like to play penny-poker too.
Problem is, the deck is stacked as CEOs and people like Matt create the PRs to reel in the newbies.
We could name the website...POS, "Pennies..O Chit".
I'll still play some pennies, but going into them knowing MOST of them are scams.
I wonder if Barbara knows Keith and Dean?
My kind of Babe...
LOL...I forgot...Ken IS a cajun now.
I've been driving taxi lately and it's not too bad. I meet people from all over the world. I'm paying my bills and I can still keep an eye on the markets on my weekends...Wed-Fri.
The so called $350m loan was suppose to be secured months ago. The PR sounds like that NEVER happened.
I wonder if Dean B. is related to KAA?
Maybe Dean is a 4th generation blimp operator. lol
Maybe Dean will give you a free ride in his blimp. lol
PENNIES
Make sure your in early (buy low) and out early (sell as soon as you have a decent profit)...FWIW
Here Are 22 Ways To Manipulate Penny Stocks As Told By Paul Gozzo
Posted by Timothy Sykes on Fri 27th of Mar, 2009 08:05:34 AM
UPDATE: Understand I’ve got an actual real life stock promoter on LiveStock today 1-2PM EST…you have to tune in and ask him any questions you want!
I don’t know how scam artists sleep at night, but I love that they exist because their actions allow for predictable chart patterns, which made me a millionaire, as outlined in my PennyStocking DVD package (it’s legal to profit from penny stock chart patterns)
Not because I think it’s ethical or commendable but because I see corruption all around me and it’s predictable…and that predictability can lead to profits…if you learn what to look for.
Check out Paul Gozzo & PMG Capital who just got banned by the SEC, “without admitting or denying” (BS legal disclaimer…especially since he did plead guilty to one count of conspiracy to commit securities fraud and one count of securities fraud in the United States District Court for the Southern District of Florida!)
This is the meat of SEC PR:
The Commission’s complaint alleges that Gozzo, who was associated with several broker-dealers in a variety of capacities between 1999 and 2008, engaged in a number of manipulative practices, including:
engaging in “bid support” by placing orders for shares at prices below the inside (highest) bid to absorb sell orders and create an artificial floor for the stocks;
trading in multiple accounts through multiple brokers to give the false impression that there was greater demand for the stocks than truly existed; and
coordinating trading among a group of individuals for the purpose of maintaining stock prices.
Without admitting or denying the allegations in the complaint, Gozzo and PMG Capital consented to the entry of Final Judgments prohibiting them from participating in offerings of penny stock and permanently enjoining them from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. Gozzo also agreed to pay $437,788 in disgorgement of unlawful profits and prejudgment interest. The settlement is subject to approval by the United States District Court for the Southern District of Florida.
You can read the whole beauty of a court filing HERE, but c’mon Paul, $400k over 9 years of microcap manipulation? You gotta be one of the worst manipulators ever! This is like WallStreetGrand.com pathetic.
The bulk of the SEC complaint really goes into the crime:
FACTS
A. Agreements to Manipulate the Markets for Microcap Issuers’ Stock
8. Beginning in at least January 2006, Gozzo agreed with another individual who
was involved with and owned large positions ofstock in a number ofmicrocap issuers. Gozzo,
through PMG Capital, agreed with this individual to provide “market capitalization support” to
increase stock liquidity and market awareness for certain issuers’ stock in exchange for cash and
shares ofthe issuers’ stock.
9. Subsequently, Gozzo and others acted in concert to manipulate the markets for the
stocks ofa number ofissuers. In coordination with others, Gozzo engaged in a number of
practices aimed at misleading the market to increase and maintain artificially high prices so that
Gozzo and others could sell offtheir holdings for substantial gains.
B. “Bid Support”
10. Gozzo engaged in “bid support,” by placing orders for issuers’ stock for relatively small amounts of shares at prices immediately below the “inside,” or highest, bid price posted by
market makers.
11. The intended effect ofthese orders was to absorb sell orders to prevent market
sales from causing stock prices to fall significantly. By placing orders at slightly lower prices
than the prevailing bid price, Gozzo created an artificial floor for the price ofa particular stock
and “supported” the prevailing bid.
12. Gozzo placed his orders through different brokerage firms so that market
participants would see a substantial number ofbids posted, all close to the inside bid,·and
conclude that there was greater demand for the stocks than truly existed.
13. In one stock, hereinafter “Issuer A,” Gozzo sent an email asking another trader to
“please put bids in this in this morning on the following names, but not top bids, away bids.” By
asking the other trader not to place a “top bid,” Gozzo was asking the other trader not to place an
order at a greater price than the best current bid. The effect ofthe “away bid” was to have a
market maker show an additional bid, but not to change the current best bid on the issuer’s stock
posted by a market maker.
14. In another stock, hereinafter “Issuer B,” Gozzo told another trader that “we are
going to take that stock and move it up, plus stack some bids lower… just in case… I hope to
move this up well today.” Soon after, Issuer B’s stock price materially increased.
C. Trading in Multiple Accounts
15. Gozzo traded through several different brokerage firms to give the false
impression ofmarket depth to those looking at the market using a “Level II” or “Level III”
trading service, which identify the market makers that are originating bids.
16. Gozzo placed trades in accounts in the name ofhimselfand accounts in the name
ofPMG Capital.
17. For instance, between March and August 2006, Gozzo bought and sold 85,000
shares ofstock in a company, hereinafter “Issuer C,” using five different accounts with three
brokerage firms and producing a net loss.
18. By trading in multiple accounts Gozzo gave the false impression to investors of
more participants and liquidity in the market for the stock ofIssuer C.
19. Gozzo also engaged in coordinated trading in which he and others purchased and
quickly sold stocks, resulting in artificially increased trading volume designed to attract interest
to the stocks and increase the prices.
20. For instance, Gozzo coordinated with a number of individuals in manipulating the
market for a stock, hereinafter “Issuer D.” He told them in an email, “although I am not
quarterbacking this one, I will be there too, you can count on bid support to show depth, as well
as market buying, especially the first two weeks. If you all want to reconnect Thursday to talk
about the first day days … so we can assess what has been going on and what we need to do
next.”
21. At times Gozzo arranged “matched” trades in which he and others purchased and
sold stocks in concert. “Matched” orders are orders for the purchase/sale of a ·security that are
entered with the knowledge that orders ofsubstantially the same size, at substantially the same
time and price, have been or will be entered by the same or different persons for the
sale/purchase of such security. This trading was done for the manipulative purposes
of: (1) artificially increasing market activity in the traded stock; (2) misleading the market that
genuine investors were buying for legitimate investment purposes; and (3) artificially propping
up the stock price ofthe traded security.
22. To ensure that the market prices ofthe issuers stock remained artificially inflated,
Gozzo and others coordinated their trading so as not sell too much stock into the market. They
also provided buy-side support for a stock when there were too many other retail investors
selling it. Another trader erriailed Gozzo the group’s strategy in Issuer C, “I suggest that we have
a plan to gradually tick up [Issuer C] each day. I will keep the press releases going… You
23. With regard to another stock, hereinafter “Issuer E,” Gozzo told another trader, “I
think the goal should be to sell 10,000 shares a minimum, every day, however, some days with
higher volume, we can sell 5 times that, so I will be in constant contact.”
24. Through this coordinated trading and other manipulative practices, Gozzo and
others manipulated the prices ofissuer securities to artificially high levels, deriving illegal
trading profits by selling their stock while the stock was artificially inflated.
E. Coordinating with Others who Controlled the Float
25. As the scheme progressed, Gozzo received enough ofone issuer’s stock to take
part in group efforts to control the “float”-the total shares ofa particular stock publicly owned
and available for trading.
26. Another trader orchestrated a reverse merger whereby Issuer E would become a
public company by merging into a public traded shell company. Gozzo and the other trader
agreed to split almost the entire float ofIssuer E’s stock. The other trader explained, “the
structure is 20 million shares outstanding, 5 million in the float and 15 million restricted. We
own all but 32,000 in the float.”
27. Gozzo and others were able to exercise dominion and control over the market of
Issuer E’s shares, permitting Gozzo and others to limit the supply ofIssuer E’s stock and through
coordinated trading to maintain artificially high prices and volume in Issuer E’s stock.
F. The Manipulation Continues
28. Gozzo continued to manipulate the market for several issuers’ stock, even though
other traders had ended their involvement with the issuers after liquidating substantial amounts
of stock. In those instances, Gozzo received stock and/or cash from the companies for investor.
relations services but continued to manipulate the market for those stocks while purportedly
providing legitimate services.
29. For instance, Gozzo arranged a trade between two other individuals in which
900,000 shares of a particular company’s stock, hereinafter “Issuer F,” changed hands below the
market price without the trade being reported to the market. Had the trade been reported, the
size ofthe trade and the discounted price would have caused the market price to fall. In an email
message, Gozzo expressed his happiness about the trade and that it was not reported to the
market: “[I]t did not hit the tape which is even better. I am fired up!!!!”
Here Are 22 Ways To Manipulate Penny Stocks As Told By Paul Gozzo
Posted by Timothy Sykes on Fri 27th of Mar, 2009 08:05:34 AM
UPDATE: Understand I’ve got an actual real life stock promoter on LiveStock today 1-2PM EST…you have to tune in and ask him any questions you want!
I don’t know how scam artists sleep at night, but I love that they exist because their actions allow for predictable chart patterns, which made me a millionaire, as outlined in my PennyStocking DVD package (it’s legal to profit from penny stock chart patterns)
Not because I think it’s ethical or commendable but because I see corruption all around me and it’s predictable…and that predictability can lead to profits…if you learn what to look for.
Check out Paul Gozzo & PMG Capital who just got banned by the SEC, “without admitting or denying” (BS legal disclaimer…especially since he did plead guilty to one count of conspiracy to commit securities fraud and one count of securities fraud in the United States District Court for the Southern District of Florida!)
This is the meat of SEC PR:
The Commission’s complaint alleges that Gozzo, who was associated with several broker-dealers in a variety of capacities between 1999 and 2008, engaged in a number of manipulative practices, including:
engaging in “bid support” by placing orders for shares at prices below the inside (highest) bid to absorb sell orders and create an artificial floor for the stocks;
trading in multiple accounts through multiple brokers to give the false impression that there was greater demand for the stocks than truly existed; and
coordinating trading among a group of individuals for the purpose of maintaining stock prices.
Without admitting or denying the allegations in the complaint, Gozzo and PMG Capital consented to the entry of Final Judgments prohibiting them from participating in offerings of penny stock and permanently enjoining them from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. Gozzo also agreed to pay $437,788 in disgorgement of unlawful profits and prejudgment interest. The settlement is subject to approval by the United States District Court for the Southern District of Florida.
You can read the whole beauty of a court filing HERE, but c’mon Paul, $400k over 9 years of microcap manipulation? You gotta be one of the worst manipulators ever! This is like WallStreetGrand.com pathetic.
The bulk of the SEC complaint really goes into the crime:
FACTS
A. Agreements to Manipulate the Markets for Microcap Issuers’ Stock
8. Beginning in at least January 2006, Gozzo agreed with another individual who
was involved with and owned large positions ofstock in a number ofmicrocap issuers. Gozzo,
through PMG Capital, agreed with this individual to provide “market capitalization support” to
increase stock liquidity and market awareness for certain issuers’ stock in exchange for cash and
shares ofthe issuers’ stock.
9. Subsequently, Gozzo and others acted in concert to manipulate the markets for the
stocks ofa number ofissuers. In coordination with others, Gozzo engaged in a number of
practices aimed at misleading the market to increase and maintain artificially high prices so that
Gozzo and others could sell offtheir holdings for substantial gains.
B. “Bid Support”
10. Gozzo engaged in “bid support,” by placing orders for issuers’ stock for relatively small amounts of shares at prices immediately below the “inside,” or highest, bid price posted by
market makers.
11. The intended effect ofthese orders was to absorb sell orders to prevent market
sales from causing stock prices to fall significantly. By placing orders at slightly lower prices
than the prevailing bid price, Gozzo created an artificial floor for the price ofa particular stock
and “supported” the prevailing bid.
12. Gozzo placed his orders through different brokerage firms so that market
participants would see a substantial number ofbids posted, all close to the inside bid,·and
conclude that there was greater demand for the stocks than truly existed.
13. In one stock, hereinafter “Issuer A,” Gozzo sent an email asking another trader to
“please put bids in this in this morning on the following names, but not top bids, away bids.” By
asking the other trader not to place a “top bid,” Gozzo was asking the other trader not to place an
order at a greater price than the best current bid. The effect ofthe “away bid” was to have a
market maker show an additional bid, but not to change the current best bid on the issuer’s stock
posted by a market maker.
14. In another stock, hereinafter “Issuer B,” Gozzo told another trader that “we are
going to take that stock and move it up, plus stack some bids lower… just in case… I hope to
move this up well today.” Soon after, Issuer B’s stock price materially increased.
C. Trading in Multiple Accounts
15. Gozzo traded through several different brokerage firms to give the false
impression ofmarket depth to those looking at the market using a “Level II” or “Level III”
trading service, which identify the market makers that are originating bids.
16. Gozzo placed trades in accounts in the name ofhimselfand accounts in the name
ofPMG Capital.
17. For instance, between March and August 2006, Gozzo bought and sold 85,000
shares ofstock in a company, hereinafter “Issuer C,” using five different accounts with three
brokerage firms and producing a net loss.
18. By trading in multiple accounts Gozzo gave the false impression to investors of
more participants and liquidity in the market for the stock ofIssuer C.
19. Gozzo also engaged in coordinated trading in which he and others purchased and
quickly sold stocks, resulting in artificially increased trading volume designed to attract interest
to the stocks and increase the prices.
20. For instance, Gozzo coordinated with a number of individuals in manipulating the
market for a stock, hereinafter “Issuer D.” He told them in an email, “although I am not
quarterbacking this one, I will be there too, you can count on bid support to show depth, as well
as market buying, especially the first two weeks. If you all want to reconnect Thursday to talk
about the first day days … so we can assess what has been going on and what we need to do
next.”
21. At times Gozzo arranged “matched” trades in which he and others purchased and
sold stocks in concert. “Matched” orders are orders for the purchase/sale of a ·security that are
entered with the knowledge that orders ofsubstantially the same size, at substantially the same
time and price, have been or will be entered by the same or different persons for the
sale/purchase of such security. This trading was done for the manipulative purposes
of: (1) artificially increasing market activity in the traded stock; (2) misleading the market that
genuine investors were buying for legitimate investment purposes; and (3) artificially propping
up the stock price ofthe traded security.
22. To ensure that the market prices ofthe issuers stock remained artificially inflated,
Gozzo and others coordinated their trading so as not sell too much stock into the market. They
also provided buy-side support for a stock when there were too many other retail investors
selling it. Another trader erriailed Gozzo the group’s strategy in Issuer C, “I suggest that we have
a plan to gradually tick up [Issuer C] each day. I will keep the press releases going… You
23. With regard to another stock, hereinafter “Issuer E,” Gozzo told another trader, “I
think the goal should be to sell 10,000 shares a minimum, every day, however, some days with
higher volume, we can sell 5 times that, so I will be in constant contact.”
24. Through this coordinated trading and other manipulative practices, Gozzo and
others manipulated the prices ofissuer securities to artificially high levels, deriving illegal
trading profits by selling their stock while the stock was artificially inflated.
E. Coordinating with Others who Controlled the Float
25. As the scheme progressed, Gozzo received enough ofone issuer’s stock to take
part in group efforts to control the “float”-the total shares ofa particular stock publicly owned
and available for trading.
26. Another trader orchestrated a reverse merger whereby Issuer E would become a
public company by merging into a public traded shell company. Gozzo and the other trader
agreed to split almost the entire float ofIssuer E’s stock. The other trader explained, “the
structure is 20 million shares outstanding, 5 million in the float and 15 million restricted. We
own all but 32,000 in the float.”
27. Gozzo and others were able to exercise dominion and control over the market of
Issuer E’s shares, permitting Gozzo and others to limit the supply ofIssuer E’s stock and through
coordinated trading to maintain artificially high prices and volume in Issuer E’s stock.
F. The Manipulation Continues
28. Gozzo continued to manipulate the market for several issuers’ stock, even though
other traders had ended their involvement with the issuers after liquidating substantial amounts
of stock. In those instances, Gozzo received stock and/or cash from the companies for investor.
relations services but continued to manipulate the market for those stocks while purportedly
providing legitimate services.
29. For instance, Gozzo arranged a trade between two other individuals in which
900,000 shares of a particular company’s stock, hereinafter “Issuer F,” changed hands below the
market price without the trade being reported to the market. Had the trade been reported, the
size ofthe trade and the discounted price would have caused the market price to fall. In an email
message, Gozzo expressed his happiness about the trade and that it was not reported to the
market: “[I]t did not hit the tape which is even better. I am fired up!!!!”
Not only is the QASP CEO a leader in the aerospace industry, but soon will he will receiving a Grammy for his latest hit.
LOL...bullseye.
I predict sub-penny before the day is over.
Agreed...I've been watching the tiny trades to suck in buyers at higher prices.
Front loaders are trying to create a buying surge.
MMs can show any bid/ask they want in the pennies whether or not it reflects the true market.
From the QASP board...
"QASP success will affect US employment
numbers."
ROTFLMAO...some will have to get a second job after there QASP experience?
"QASP success will affect US employment numbers."
ROTF...I haven't heard a whopper like that in quite some time!
Are you predicting a rising demand for blimps? ;)
Thanx for the PM REF. I can't PM back.
FWIW...QASP has been promising loans and aquisitions forever and so far they have a blimp and some helicopter parts? In fact we don't even know if they have secured these "pigs in a poke".
Excerpt from the new QASP PR...
"This funding is in addition to, or in lieu of, the previously committed $350 million."
Which is it? Doesn't QASP know if it is in addition to, or in lieu of, the $350 million loan that they claimed was secured many months ago?
Carefully read the new PR and one can see that QASP doesn't really say anything. It's just a group of words with some vague usage that is suppose to be pertinent to what specifically?
Whenever a company PR is vague like QASP's latest PR is, it tells us what we need to know. They are a printing press just like HMGP & ITKG and most other penny stocks.
QASP just keeps dangling the carrot with no real deliver on what they sold themselves to be originally.
"I'm glad Ken relaxed the "Riverdance on a Chair" initiation
requirement."
Ken is warped. But he's a nice guy. LOL
Welcome aboard azure.
Now...for your first move, you must find a stock that will retire us all. ;)
Seriously, good to have you here Bud.
My weekend just started so I will be around hoping for some ideas on the boards.
GLTA
Hopefully. ;)
Jacksonville Jail 32202
My kinda guy. ;)
How do you spell fraud? Q.A.S.P
The PR today was as vague as it can be. What a joke!
"How does ihub deal with fraud?"
Some of us who stand against it go to iHUB jail. ;)
This is not a redneck joke. Watch this.
Hey.. no HAY …….Two Mississippi Certified Rednecks to the rescue!!!!!!
These guys work for CW Roberts, big contractor in Walton County , Florida .
They have just received contract to do the “HAY THING” for all the 26 miles of Walton County, Florida beaches including Sandestin..
They start off shore with tug boats and barges spreading or blowing the hay over the oil.
If this works it will make Janet Neapolitan, or whatever her name is, and the EPA look silly.
Didn’t know if you had seen this. Farmers to the rescue.
They're probably writing their next ITKG poem.
"Twinkle Twinkle little star, how I wonder where the marketable products are?"