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This doesn't sound like good news at all.Don't know how to access lawsuits on line. Does anyone here?
SEC sues Plano firm's owner, alleging stock 'pump and dump' [The Dallas Morning News]BY Knight Ridder/Tribune
— 02:40 AM ET 01/22/2010
Jan. 22--The Securities and Exchange Commission sued a Plano man and his firm Thursday, accusing them of helping stock promoters "pump and dump" shares of small companies for profit.
The suit claims Robert Feeback of Plano and his Dallas-based company, Summit Advisory Group, helped three stock promoters advertise false information about three small companies so that investors would buy the shares and raise their stock prices.
After the prices rose, the stock promoters sold their interests in the companies -- My Vintage Baby (MVBY and made at least $20 million, the suit said.
Reached at home, Martha Feeback said her husband wasn't there. Further attempts to reach Feeback were unsuccessful Thursday; the phone number for Summit rings as busy.
The suit claims Summit helped stock promoters Ryan Reynolds, Jason Wynn and Carlton Fleming -- all named in separate SEC suits filed in recent years -- to mislead investors about the health of the companies.
A series of news releases touted the prospects of all three companies and helped the stock promoters profit from trading on the shares, according to the suit.
The suit alleges that My Vintage Baby (MVBY) made high-end children's clothes but never made any money; that Alchemy, a maker of DVDs, "had only $1.52 in its bank account"; and that Beverage Creations made no beverages, had no facilities and had lost thousands of dollars.
The suit seeks return of any ill-gotten profits from Summit and Feeback, who was managing partner of the company.
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Hey Ruben. u seem like a serious investor. GLTU.
that would be an evil reincarnation and they would be alive at the same time. So thankfully that doesn't work. haha. Very frightening thought. IMO
I think u r really smart for a 19 year old beachbum. I reacted because I received a mailing much as u described when the stock was .40. I buyed in then at the height of the recession and now am forced to average down, which is fine. The answer is not to get another round of investors to pump up the company. The management needs to get it together or file BK, I suppose. I think this is a long term play. It is what it is.
thanks for the link. I figured it must be a medical mission.
Josh I don't know anything much about which you speak regarding Comfort and Haiti, but thank you for serving our country.
I do remember Johnson and Carter. A big debate could occur regarding which was worse!
Good. I feel better. I hate it when people pay the sticker price. GLTU again.
Do you think he'd come to Vegas? What identity would appear? That's what I wanna know. hahaha.
Not like I'm an expert or anything but you asked for opinions. I'm with Mordacci cause he appears to be an expert. It's not like anyone, everyone, has that knowledge at the tip of their fingertips. So I'm guessing the same debates about whether the commons are in or out will continue until the end of this saga. One would like to think the law is black and white but what would all these attorneys argue about if it weren't for INTERPRETATION? Gotta love it. Most respected profession in the world in my book cause they sell their intellect. Nothing wrong with that.
Sorry about your medical bills, Yanik. My husband had incredble medical bills before he died and if it weren't for my father inlaw, I would be bankrupt now. Did you know 2/3 of bankruptcies related to medical bills? But we don't need health care reform. Nahhh. In any case, GLTU. You might be surprised if you try to negotiate. Medicare pays 33cents on dollar. Why should anyone pay more? Hospitals do negotiate.
S-E-N-S-T-I-V-E,Cramer is about JD. Let's see if he shorts his stock as he vowed to do recently if there was even one bad quarter. Didn't have to listen too hard to get the message there.
Yes right you are. And it was said that Obama and JD were good friends cause they were both from Chicago. Like saying Andrew Cuomo and Madoff best friends cause they both lived in NY. haha
Great find. Fox News sent a warning shot to JD. Awesome. Fish always thought Glenn Beck would go out on a limb to report the truth with JD. I think this broadcast is more in line with what anyone could expect as a serious scolding from Fox. Best anyone could hope for.
Beachbum something about your posts doesn't ring true. 19 years old...1million plus shares...5 mo in the stock market...writing to all the trading firms. hmmm If you're a flipper just say so and be done with it. No one really cares.
Wow. why don't u get right to the point? No beating around the bush. lol
jhdf I have the answer to your question about MSN. No pm so can send you email if you tell me.
For how much? Depends on how long you sit in the chair. Different for 1 hour vs 5 hours. Depends on area. Call your blood bank. In answer to your other question, "nerves of steel" would be the response.
That's a really tough gig in a nursing home.I did it in nursing school. Many people don't know if you do the right thing or the wrong thing it's all about doing the right thing out of a sense of ethics. You must succeed in being a BILLIONAIRE in her honor on this stock!
You are too kind up and up. Being a nurse best job in the world. Front row seats to what goes on in people's hearts.
Got it uzual. I figured it out right b4 ur post. Trying to determine if I have anything to really offer or just in awe of the DD I have grown addicted to. Strive to be a heck of a cheerleader anyways.
I think the day will come. That guy is a whore...which is good in the case of trying to make money. GLTU
Glad you said smoked. Toast has bad connotation. Looking good for WaMu imho
Thanks for the message uzual. Believe it or not working in hospital and negotiating with doctors about doing the right thing for a patient...great training for the stock market.
Sad part is UMAW is that I think SB believes it. She is like a Savings and Loan officer when she talks.
Agreed. This makes me miss Fish who really doesn't like SB either. One of my former conspiracy theories a few months back was that the rumor about JD having succession plan was related to replacing SB vs Geither. I wonder if either of them survive...but then again I watch American Greed every day. What do I know?
Agree. Mark and many other solid members on the board. I was really just trying to tell him the parameters. A lot of people donate plasma products regularly to get cash.
Longer than I care to admit. Years and years. Glad you didn't have to sell an organ to the blackmarket. congrats on the job! Getting through all my posts.
Article must be why Cramer appeared on CNBC 44 minutes later! I love when the pieces fit in place for a logical conclusion. I would only differ on your analysis concerning Jamie OR Sheila settle. Bet they're pointing fingers at each other. Both can't be right. My telepathy tells me the judge rejected the motion to disband the EC. Choke JPM. We must be getting close everyone. Bringing out the big guns!!!
You could donate blood, platelets, plasma for cash. Body organs for cash illegal except on the black market. Volunteer for drug research projects for cash an option too.
Can't wait for the response, UMAW.
I agree dannon. He seems to be good at covering all his bases so he doesn't ever look bad. Take care.
I remember in November Dimon creating a succession plan in case he would leave for whatever reason. So he pointed a next in line person. After that all the rumors regarding him taking Tim Geither's post. I didn't take that to mean he was leaving anytime soon.
Good one. thx
Nice. Thanks for the post. Doesn't sound to me like Obama and JD are friends. Yes they both lived in Chi but so what. Madoff and Andrew Cuomo both lived in NYC and they are definitely not friends. lol
UMAW, My opinion is that where there's smoke there's fire. Excellent that FDIC and others filing objections to turnover of documents. Means EC or other event struck a raw nerve. Closer to settlement perhaps. I know you know this. I try to not give in to all the outrage I feel about many of the events connected to this case, for whatever that's worth. My response is "Awesome!"
One of the things that I learned when I lived in Milwaukee was that many donors give to both parties. Of course they can't go wrong cause someone is going to win. Pathetic idea but true. Are you able to tell how much JPM and Goldman gave to McCain from this website? I played around with opensecret website but couldn't figure it out.
Wow that's an interesting thought. Buying the silence of employees. Never thought of that. Good one.
I agree Fish. JPM tanked because of their greedy bonus practices. Stock market decline didn't help either. Made me smile today to see that Citi will not pay bonuses over $100,000 plus stock. True they have less to lose but a great dig to JPM.
Aw c'mon. Too early in the morning for an argument.