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Whatcha got going today?
GM Awaken, hahaha! A lot of them out there fo sho.
GM MG, agreed. Just thought I''d do a fly-by, have a great day!
Day 42, all's quiet on the Western Front.
GM $toners, I just report em! PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
BTZO Counts On A Pump & Dump to Fund Itself In BItz-io And Pieces
August 22, 2011: The promotion de jour is a first timer on the watch list but we promise you not a last timer. Today we look at a reverse takeover that got the fudge out of the confections business and into a line of business that is de rigeur with the Pump & Dump touts: the smartphone applications business. And "voila" you have Bitzio, Inc. (BTZO), the latest in a series of Pumps & Dumps in this sexy high tech arena.
The change in business came with the acquisition of the Rocky Mountain Fudge (RMFI) shell by Canadian penny stock veteran, Gordon Campbell McDougall, in an undocumented transaction. The only record we can find of any security interest in BTZO by Mr. McDougall is when he granted himself 5,000,000 options on July 1, 2011 at 25 cents. Six days later he filed a registration statement revealing that he suddenly owns 5,000,000 shares. How did he get these? We'd find it difficult to believe that he wrote a check for $1.25 million because he could have completed an IPO for about about $100,000. Unless, of course, he was in a hurry. Even so, 5,000,000 shares would be about 12% of the company, certainly not a control position.
We are concerned for the apparent lack of transparency of Mr. Campbell's interests. Might there be stock socked away in some cloak and dagger scheme? After all, if the stock is not in your name, then you don't have to disclose any sales, right? We'll also try to avoid pointing an accusatory finger as we note that in the 10-Q for the quarter ending June 30, 2011 and filed late, just recently, Steve Moulton, who was the President of Rocky Mountain Fudge, was still listed as a director. Just two weeks later and we have today's announcement of the new Board of Directors, which does not include Mr. Moulton. Suspiciously, the announcement coincides with Day 1 of the Pump & Dump,
We also note that there is no record of Mr. Moulton or his stepson, 22 year old Colby Jacob, himself a former officer of RMFI, having divested themselves of any stock in the transfer of control of the shell. Now we're not saying that this is the case here, but it would not be the first time that shares would be sold into a Pump & Dump for a current officer by a former officer(s) who suddenly has no further obligation to report sales. Still, it is possible that the father and son were allowed to maintain their stock, after some dilution, as payment for the shell.
To add to the confusion, on August 8, the company filed an 8K, which supposedly reported events that had taken place on June 23. First of all, the 8K is about 6 weeks late, but only if one were to observe the rules. The 8K revealed the issuance of 750,000 share for that old favorite, services rendered. Within that same filing, the company gave notice of the August 8 issuance of 5,000,000 more shares, which were given to Shah Amish towards the July 27 acquisition of Bitzio Corp. That notice should have been in a separate 8K filing for August 8, 2011, not June 23, 2011. But again, only if the SEC forces you to follow the rules.
The 5,000,000 shares was payment for a transaction that should keep heads spinning. Bitzio Holdings supposedly acquired Bitzio Corp., currently known as Bitzio, LLC, and paid for it with stock in Bitzio Inc. Now see if you can say that out loud three times without getting tongue tied. Why there was a need for a complicated transaction involving four companies with the same name is anybody's guess. Furthermore, the agreed upon conversion of Bitzio, LLC to Bitzio Corp has still not taken place, even though the deal was supposedly consummated on July 13. The conversion is bound to be a problem since the Secretaries of State would not permit the incorporation of the same name twice within their own State. We found Bitzio, Inc. in Nevada and California while Bitzio, LLC is registered in California. We're not sure how Bitzio, Corp. will ever come to exist or why it even needs to exist. Aren't there enough subsidiaries at Bitzio? Couldn't BTZO or one of it's already many subsidiaries just buy the assets of Bitzio, LLC without acquiring the company? Furthermore, Bitzio, LLC is only 9 months old, so we wonder what it was that Shah Amish actually gave up for that 5,000,000 shares with a value of over $2.5 million. At a minimum the whole thing looks dubious.
The blueprint of a Pump & Dump is all over this thing. As of June 30, this company, with a ridiculous $20 million market cap, had $2,731 in the bank. In the meantime, and to add to the complexity, another BTZO subsidiary, Empire Holdings, has made a commitment to pay $200,000 for three months starting July 31, 2011 for the acquisition of something called The Empire Group, LLC. We'll assume that the first payment was late. We're guessing it will be paid in the next day or two and we'll let you guess where the money is coming from.
Continuing with this spider web, on August 3, 2011, another BTZO subsidiary, Digispace Holdings, entered into yet another agreement with Shah Amish, to purchase Digispace Solutions LLC. This bargain cost BTZO $575,000 in assumed debt, options to buy 1,000,000 shares and 12 monthly payments of $200,000, starting on August 22, 2011. We wonder where that money is coming from.
So in summary, BTZO has to come up with at least $3,000,000 over the next year just to pay for acquisitions. Then there's operating costs to consider. BTZO has 2700 bucks in the bank.
HELLO PUMP & DUMP!!
Be careful out there!
pumpsanddumps.com
Nice day here Bull...
Nice APII day up 27.6%, EOD .185, up 85% from .10 entry
And look who the main group is:
From Twitter
MinataurGroup Minataur Group
Next 1 Interactive Inc. NXOI http://t.co/eXgDfha
1 hour ago Favorite Retweet Reply
Sure Young, here's the compensation for Sizzling: SizzlingStockPicks has been compensated $2500 cash for a one day Newsletter of NXOI by a third party
AND, StockGoodies, LLC / G6 Stocks, LLC has been compensated $30,000 cash for 2 week profile of NXOI by Next 1 Interactive, Inc.
HAHAHA! The Phantom Strikes Again, becoming a real artist with the EOD paint jobs to make it green, whatever it takes I suppose to make it look good, must have some free shares to get rid of. Watch for intense awareness very soon with the usual suspects, the M O ... :-/
IDVC down 16.6%, hmmmm, I guess that's what ya get if you were foolish enough to buy into this turd.
Thanks hach, My fave color (greeeeeen), don't have any picks I'm looking at today or ths week really, so most likely won't play, unless something really amkes my eyes pop out, concentrating on the other biz, starting to ramp up there for the snowbird crowd. Have a great day!
GM $toners. Watch IDVC today, got 4 spam emails this weekend saying: MONDAY"S THE DAY! We'll see, be careful out there.
Gotta love it, "Silence is Golden"
You may want to read this, could effect many pennies...this is an email I got yesterday from Zecco, go to the iBox to get the link for the list Known Non-DTC Eligible List:
Policy Changes Impacting “Penny Stock” Trading
Dear *****,
Penson Financial Services, Zecco Trading’s clearing firm, has recently implemented two new policies which impact Zecco customers who trade low priced equities (stocks priced under $1.00 per share, commonly called “Penny Stocks”). These policy changes were necessary due to the significant risks, costs and increasingly burdensome regulatory requirements related to trading these equities.
Briefly, these policies relate to:
Settlement fees for non-DTC-eligible equities
Potential “buy-in” of low priced equity transactions based on NSCC requirements
These new policies impact the customers of all brokers clearing through Penson Financial, including Zecco Trading. Included below is a brief outline of these policies. Please read our Low Priced Equities Disclosures to thoroughly familiarize yourself with all the aspects and implications of the policies.
Settlement Fees for Non-DTC-Eligible Equities
The Depository Trust & Clearing Corporation (DTC) provides electronic clearing and settlement for equities, bonds and other securities. The vast majority of equities traded by Zecco Trading customers are DTC-eligible. However, certain low priced equities are not DTC-eligible or have had their eligibility revoked. The DTC eligibility of any given equity can change over time.
Settlement of non-DTC-eligible requires physical processing, which can result in significant execution, deposit, transfer agent and other fees. The fees generated by the settlement of these physical positions are passed through by our clearing firm, Penson Financial, directly to our customers - neither Zecco Trading nor Penson mark up these fees.
Customers who trade non-DTC-eligible securities are responsible for these fees, which can be as high as $700.00 per trade. Orders that require executions with multiple contra-parties will result in settlement fees for each separate transaction. These charges may not be immediately charged to your account following a trade, as Penson may receive notice of such fees as much as three weeks later. Zecco Trading reserves the right to withhold funds in a customer’s account pending potential assessment of fees.
It is your responsibility to investigate the eligibility status of a low-priced equity before trading it. You may consult the Known Non-DTC Eligible List in our Disclosures Page or contact the specific company whose equity in which you intend to trade to confirm eligibility. Please note that there is no guarantee that the Known Non-DTC Eligible List will contain a complete and updated list of non-DTC-eligible stocks.
Potential Buy-In of Low Priced
Equity Transactions Based on NSCC Requirements
The National Securities Clearing Corporation (NSCC) provides a guarantee of completion for certain transactions for broker-to-broker trades. The NSCC imposes additional deposit requirements on Penson based on the sell volume of low priced equities, in order to limit settlement risk.
When a customer sells more than 25% of the average daily trading volume (ADV) of a single equity in a three-day settlement period, that security may be “bought-in” by Penson up to three business days later without notice. A group of unrelated customers collectively trading more than 25% of a security’s ADV across all brokerages clearing through Penson can also trigger this policy. The ADV is calculated over the last rolling 20 business days.
Although this occurrence is rare, customers selling low priced equities must be aware of the risk a buy-in would occur without notice.
Low Price Equity FAQs
We apologize for any inconvenience due to these industry-related changes. If you have additional questions, please do not hesitate to contact us at 877-700-STOCK (7862) and a representative will be happy to assist you.
Sincerely,
Thomas Boykin
Manager, Trading and Risk Operations
Zecco Trading, Inc.
BRYN has been a good one for some, but those who got in after the run may be hurting and those early in after the run are still up a couple ticks.
PUMPs & dumpS Watch List
Last
Touted Stock Symbol # Days On List Touts »»» PAID UNKNOWN
Aug 19 HDSI 2 APS PSX
Aug 19 JUHL 4 SE SHO PSF ESP SGW BE
Aug 19 BRYN 30 OHS XP
I just report, so don't get pissy...
August 18, 2011
Today's PUMPs & dumpS
500 Billion Reasons (or more) to Avoid KGRI
also: An Eerie AURI Quarter
We tried to tell everybody, but not enough people were listening. A more blatant Pump & Dump than KGRI rarely exists. In recent weeks, it may have only been topped, in terms of obviousness, by POTG. The stock ticked up .0001 at the open on Wednesday and then head straight south, shedding half of it's share price for most of the day. Do the insiders care? Of course not! They are in the printing business! Share certificates, that is.
We tried to explain the lack of value in this company with fundamentals within yesterday's alert. We analyzed all of their phony business dealings including the bottled water deal with the guessing game revenues and the maybe agricultural deal with a side order of 8 caveats. And still almost 307,000,000 shares were traded, most of which, we promise you, were sales by insiders.
Even if one didn't want to take our word for it, anybody who would have done just 5 minutes worth of due diligence would have figured this out. This is a company with over 3 billion shares outstanding and that is after six, count 'em six reverse splits in the last 4 years. In one 7 month period during 2009 - 2010, there were four reverse splits, which collectively rolled back the stock 500 billion to one. Yes, that's billion with a "b" over just seven months!. All told, the 6 reverse splits effected a roll back of, now get this 12.5 quadrillion to one. But we think that the reverse splits showed sound management decision making. After all had there been no roll backs in the last four years, there would now be almost 40 septillion shares of KGRI outstanding. That's a "40" with 24 zeros after it.
How does FINRA and the SEC allow this stuff to happen? And come on! How do investors allow this to happen? Do people buying this stock need a baseball bat to the head? There is no way to make money on this stock unless you have the time, patience and stomach to watch the computer to flip it for 100ths of a penny. Life is just too short. And it's too late now because it's heading back to .0001 where it belongs and we'd bet it won't long before the next roll back comes. And then the printing presses will start churning paper again.
Incidentally, when we say that the insiders don't care what price they get for the stock, we ain't kidding. 500 billion shares sold at $.0001, still nets the sellers $5 million. 40 septillion shares at .0001.....well you get the idea. Or do you?
<sigh> Moving on....
StockEgg.com is taking another swipe at pimping AURI, as it is their turn in the rotation of touts who have been trying to convince the street what a great investment this. We've maintained the position that it is a horrible investment given their sales, their cash position and the market cap of their stock.
This time though, AURI didn't use their tout to spread despicable misinformation. On this occasion, the company spread the manure itself. In reporting 2nd quarter earnings yesterday, the company tried to BS its way out of a 23%, year over year, revenue decline by claiming that it shipped the majority of its spring merchandise during the first quarter. Judges? Buzzzzzzzzzzzzzzzzzzzzz! I'm sorry, but the judges have rejected that excuse. Why? Well when AURI announced first quarter earnings last May, they trumpeted a 118% year over year increase for the quarter. Did they explain why the increase was so big? NO! Of course not! They needed that illusion in order to have something for the touts to hang their hats on. Of course now the touts, starting with StockEgg.com, are "forgetting" to tell the public about the 23% decline in revenues. So sorry AURI, but you can't double dip by showing off the first quarter and then using it as an excuse for the second quarter. Let's call a spade a spade. Revenues are pathetic and certainly too weak to support a $50 million market cap, just like we've been tell our readers for weeks. Maybe you should have saved the 100s of thousands of dollars spent on stock promotion and used it on business development.
We think you may see the insiders start whacking the bids because they certainly don't have enough customers for their stock at about 60 cents/share. The depressing revenues may give them an out too, as they would be likely to tell shareholders that a sell off was a reaction to the decrease in revenues.
Once again, we are not saying that AURI is not a real company. We completely believe that it is a real company, unlike most of its Pump & Dump brethren. We just don't think it's all that. And it certainly doesn't justify a $50 million+ market cap.
This guy really thinks he's untouchable, he may want to stock up on "soap on a rope" if he keeps this punk crap up. He reminds me of a high profile ihub poster...wish the SEC would investigate both.
GM moneyeve, if we're hearing lotsa chatter about news, then it's the old, buy on rumor, sell on news...have a good day!
Yep they did, even those who got in at 0004, made a bit a change. I would think 0007/0008 would be the perfect spot to re-enter.
Looks like some serious profit taking today. Wow!
Oh yeah, geez, forgot all about that, duh! He does get free trading shares too. So you're right. Doesn't matter to him what the price is as long as he gets his and steals from everyone else. I must be slippin, completely missed that fact. Thanks Ernie!
Talk about calling the kettle black, wonder if the same poster was the one who just bought 4K shares when he saw that NITE had 3384 for sale on the ask and I'll even bet he thought he could uptick the ask by doing that.
That's 338,400 for sale, learn to read the L2, NITE in FULL CONTROL of this one....as usual
So far the 10K has produced him 4K, sounds like a waste of money to me.
This is funny!
SELLER @ .0113 IS A MORON, IF THEY WAITED THEY WOULD HAVE MADE A LOT MORE
Not really, seller just trying to get back his 10K he spent on a one day awareness.
HAHAHA!
Already good to see nobody bit on that 019 turd, now 012, still too high for this one
Changed my mind and this won't be considered a BOLO (not much loading) but FDMF is getting an awful lot of attention and is PM 009x019, that gap is way too much and could find a lot of peeps getting caught, be very careful and if you play, don't play at the open and wait and watch before you take a position. Most of you know this already but doesn't hurt to mention. Have a great day and be very careful out there.
I have a BOLO for the morning, and will post at the open. IF you haven't figureD it out yet just think of those who will get chumMed, and will deserve what this stocks acronym stands For...
I'm tellin ya man, the SEC is gonna start crackin some heads over here and the ones who do this chit. I got no sympathy for any of em.
Some EMLL PudWhacker hits the bid with 35 seconds to go to make it RED...what a POS
Not bad Smit, GVDI was at one time a winner for me, now it's classified as a Past Winner and now I know why. watching for any bounce action though. Take care....
GVDI Share Structure. WOW!
Shares Outstanding 23,005,200,000 a/o May 23, 2011
Float 3,000,311,200 a/o May 23, 2011
Authorized Shares 49,880,000,000 a/o May 23, 2011
That's almost 50 BILLION with a 3 BILLION FLOAT!!!!!!!!!!!
Oooops 96%!!!!!!!!!!!!!
HOLY CRAP GVDI down 93% today, watch it close for a bounce....watch for loaders and beware
This is by far the funniest video of all times:
http://www.youtube.com/user/zonatum#p/a/u/0/j94SgeyCh3M
Todays' Stockreads, nice board, marked
Today Stock Promoters
AAPH InvestorIdeas
CYIO LevelStock, Stock Rod
OPTT Lebed
SFOR StockProfessors
http://stockreads.com
Mega Alert totally silent....hmmm....wonder what that means?
So called Mega alert of CYIO getting dumped on after the 100% gains of the past 10 days. Saw that coming a mile away.