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Shaq had some sort of spokesman relationship with NXTH.
http://www.timothysykes.com/2010/02/is-this-shaquille-oneal-promoted-penny-stock-a-pump-dump-help-me-decide/
I highly doubt the Hurrys are CWs if only because they wouldn't be suing FINRA for harassment if they had cut a deal. I saw the suit mentioned although it was filed last November. I hadn't seen it posted in this forum.
http://www.brokeandbroker.com/2671/finra-hurry/
http://brokeandbroker.com/PDF/HurryFINRADAZ.pdf
The complaint was linked on that Courthouse News article. Here is the direct link:
http://www.courthousenews.com/2015/02/06/SECvCaledonianBank.pdf
SEC v. Caledonian Bank Ltd, Caledonian Securities Ltd, Clear Water Securities Inc, Legacy Global Markets SA, and Verdmont Capital SA
That was an error or they released the news twice -- the same news was released in premarket today. I shorted some after hours.
I don't think the auditor of the assets WNTR bought actually exists.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109451796
Mayer Global Partners does not appear to exist, at least on the internet.
The purported auditor of the purchased assets (Mayer and Associates) is not registered with the PCAOB (something that would be required for the company to list on an exchange) and may not even exist. See http://pcaobus.org/Registration/Firms/Pages/RegisteredFirms.aspx
There is an SD Mayer and Associates but they have a different logo and have done business only as SD Mayer & Associates since at least 2013.
A company doesn't need its auditor to be registered with the PCAOB but they do need that if they want to register with the SEC. So this statement from today's PR is false:
wtf?
https://twitter.com/koxiwynewif/status/539245802003365889
$FITX Creative Edge Nutrition Announces the Entrance into the #Medical #Marijuan pic.twitter.com/GF8i3y8cYl
— Arvin Harnett (@ArvinHarnett) November 30, 2014
Billy Chaaban -- he's selling some more so why are you buying?
http://www.goodetrades.com/wp-content/uploads/2014/11/fitx144.pdf
Disclosure: No position.
There are many better brokers for shorting than E*trade. For example, look at all the shares that Interactive Brokers has to short: https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2FSearchShortableStocks.php%3Fcntry%3Dusa%26amp%3Btag%3DUnited%2520States%26amp%3Bib_entity%3Dllc%26amp%3Bln%3D
Even the best brokers won't have shares to short all the time.
Disclosure: IB has been one of my main brokers for 7 years.
Promoters Eric Cusimano and Jamie Boye close to plea deal
Trial adjourned until December in anticipation of parties reaching plea deals. http://www.goodetrades.com/wp-content/uploads/2014/10/adjournment.pdf
I don't see anything malign about them. And even if you assume Michaud has bad motives he isn't the only one running it: there are a few other penny stock traders (without regulatory records) that formed the non-profit, including the FINRA-licensed Scott Herman of CenterpointSecurities.com.
https://www.sos.nh.gov/corporate/soskb/Filings.asp?1202925#
http://brokercheck.finra.org/Individual/Summary/5714402
Disclosure: I am a client of Herman's brokerage.
The interesting thing is that a lot of recent bankruptcy cases have resulted in shareholders getting equity in the post-bankruptcy entity. That includes Genco (formerly GNKOQ) and Overseas Shipholding Group (formerly OSGIQ). But still the majority of the time equity gets wiped out eventually although it can have nice spikes for the months (or years) the company is in Chapter 11.
Great response, as always, Renee!
I have been following CRMBQ since right before they followed BK and it is an interesting situation. The only real assets they have now are potential legal claims that I don't really see them winning. They sold off their entire operating business to Lemonis-Fischer Acquisition Co. (LFAC) for credit due (LFAC-associated entitities were owed $6m or so by CRMBQ -- the company got no cash from the deal, just the cancellation of that debt).
Rather than trying to follow the case on PACER you can usually find who the trustee is and they will often keep all filings on a website. Here it is for CRMBQ: http://cases.primeclerk.com/crumbs/Home-Index
Because the company essentially has no assets left and lots of liabilities, unsecured creditors are going to lose almost everything and the shares will be cancelled. I expect them to be cancelled at the end of the liquidation process, which could take a couple months from the hearing on October 30th to change from 11 to 7.
Their stupidity boggles my mind. I would think it impossible for anyone who has ever taken an accounting class or read an accounting book to put together something that dumb. How hard is it to actually list expenses? And obviously the current portion of long-term debt has to change over two years.
Roddy Boyd on Professor Doctor Anthony Nobles
http://sirf-online.org/2014/09/16/the-manufacturing-of-professor-dr-anthony-nobles/
And nice shout out by Roddy to our very own StockDung.
John "Babs" Babikian owes $15m in back taxes
http://www.torontosun.com/2014/09/12/the-wolf-of-montreal-owes-15m-to-the-taxman
George Sharp wins again
In case anyone remember's Jim Can's libel lawsuit against George Sharp. Here is the docket update. Needless to say, his indictment is not going to help his case.
I think you need to pay some attention to how badly photoshopped your Jag is.
The SEC lawyers on Hamdan's case were made aware of his suit against Finston. So was his securities lawyer.
This lawsuit seems to perfectly fit the definition of a SLAPP. It was meant to intimidate Finston and get him to shut up. It didn't work so it was dropped.
Searched for: ELITE TRADERS GROUP, LLC
ID Num: D8095X
Assumed Names
Name:ELITE TRADERS GROUP, LLC
Type: Domestic Limited Liability Company
Resident Agent: SHAUN ZIRNHELT
Registered Office Address: XXX N BELSAY RD BURTON MI 48509
Mailing/Office Address:
Formation/Qualification Date:8-21-2012
Jurisdiction of Origin:MICHIGAN
Managed by: Members
Status: ACTIVE Date: Present
http://www.dleg.state.mi.us/bcs_corp/dt_llc.asp?id_nbr=D8095X&name_entity=ELITE%20TRADERS%20GROUP,%20LLC
I always thought that Twitter account was one of yours and not Lebed? Why asking everyone if they are going to Drew's wedding?
https://twitter.com/New2Investing/with_replies
https://twitter.com/drewciccarelli/with_replies
BTW congratulations to Drew on getting hitched and avoiding getting sued by the SEC.
I guess they have staked claims on a number of asteroids lol.
Unfortunately I did not get a screenshot of that. I will make sure to get such a screenshot next time.
That is only 2.5 quadrillion shares.
SEC wouldn't do anything. FITX isn't an SEC filer so Reg FD doesn't apply and it takes a lot more than a post of share count that may or may not be correct to interest the SEC.
Ah I see, on Facebook. Great method of shareholder communication there.
https://www.facebook.com/creativeedgenutrition/photos/a.308064585991891.1073741826.115224738609211/403710983093917/?type=1
Where did they announce this? Nothing has changed, I see no OTC Markets filings, no news, A/S at NEVADA SOS is still 3.5 billion. And anyway, nobody is short because the stock is too cheap to be worth shorting.
FITX 's Bill Chaaban loses count
http://www.pumpsanddumps.com/2014/08/fitxs-bill-chaaban-loses-count.html
Excerpt:
FITX 's Bill Chaaban loses count
http://www.pumpsanddumps.com/2014/08/fitxs-bill-chaaban-loses-count.html
Excerpt
Good point.
Well, FITX isn't lying about the numbers. They are correctly disclosing that they have more shares outstanding than are authorized. It is shown in multiple places in that quarterly report.
Considering how easy it is to raise the A/S I have no idea why they would be dumb enough to issue more shares than are authorized. But Chaaban is dumb so I guess that explains it.
http://www.otcmarkets.com/financialReportViewer?symbol=FITX&id=125394
Nevada SOS confirms that A/S is still 3.5 billion: http://is.gd/fitxauthorized
FITX OS > A/S as of quarterly report filed with OTCMarkets yesterday
I can't Bill-eave that I missed that.
It is impractical to short such a low-priced stock as FITX. I have done it before but it sucks up a ton of capital. The only broker that will let you short such a stock is Interactive Brokers and they require $2.50 in cash per share you short. So if you have $250k in cash in your account you can short 100k shares, which means a $5,500 short position in FITX.
137 million shares issued this year. They made it impossible to read so I thought I would enlarge it for those here. It is still barely legible.
From: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=125395
I still don't understand why but the form 144 information is only produced by Washington Service and distributed by them through BBerg, Reuters, and DJ News. Anyone with a subscription to one of those services can see the forms. I don't know why the SEC doesn't upload them. I just subscribed to DJ News Service at Interactive Brokers ($115 per month but free for the first month) and I can now access the data: