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MSLP has to point fingers at Ciccarelli and Filippone because of Global Marketing Media pumps. Ciccarelli and Filippone have no choice but to roll over because the only option is a lawsuit against MSLP. As soon as MSLP attorney deposes these guys about the Global Marketing Media pumps, game over. Either way, MSLP takes a dive and is subject to massive fines.
MusclePharm Sportswear cannot fix the breach without pleading the 5th.
Day Trader Scam Running for Weeks Now:
Stock Promoter disclaimer: We have been compensated Twenty Five Thousand Dollars by a third party, Cream Consulting Group for this publication regarding Nuvilex, Inc. We do not own any shares of NVLX.
This happens in many cases when insiders end up with millions of shares and need to exit the stock. The only way to dispose of this many shares is to pay promoters and start day trading.
GHDC auditors need to resign by the end of this week. Read my message on the SFMI board.
The Share Exchange Game
SFMI exchanges shares with GHDC which is a fact. SFMI leases property in the form of shares from GHDC and GHDC pays SFMI in shares for a management fee. NONE of these share are REGISTERED.
SFMI has the exact same officers as GHDC who all receive ENORMOUS COMPENSATION, half is paid in cash. SFMI and GHDC thus bypass rule 144 and registrating by selling each other's shares according to cross transactional agreements. This share exchange game allows SFMI and GHDC to generate cash and to pay half the officer's compensation packages WITHOUT DISCLOSURE that the companies are really selling each others shares.
These transactions are not arms length transactions and never have been. The auditor of both companies (buddies with the CFO from the same town) needs to resign by the end of this week. If not, I'll have the PCAOB all over you.
Having a private company in a position to potentially dump millions shares like TSX Ventures LLC while their buddies at Global Marketing Media pump the shares is something a public company should avoid. That is probably more clear now but still could result in huge MSLP fines, possibly worse.
Day Trader Scam
DMHI has minimal cash, massive debt and no revenues. But, undisclosed party paid $25k to pump this stock.
Day Trader Scam
PPC (Penny Players Club) and or its affiliates have and / or expect to receive $300,000 by a non controlling third party, J and M Group LLC for two months of coverage.
DNAP does not have $300k. In fact, DNAP is tops my list of short plays of the month because it has no revenues and only $15k in mineral rights.
Investor Warning:
RSII just converted 445,490,000 shares for .003 per share. Now, you there are massive spamming by stock promoters which allows the guys holding the shares to exit.
Serious Problem Brewing Here:
Brian Heckathorne runs two websites (thestockwatchalert and mynextstockpick). Heckathorne lives in Houston but uses a NY post office box to disguise his real address:
brian heckathorne | PO BOX 4662 #82130 | New York, NY 10163-4668
KBLB and NGHT funneled shares cashless warrants thru The Hansel Family Trust most of which ended up in Heckathorne's hands. The Hansel Family Trust is owned by Ben Hansel and his sister Marcia Rosenbaum. Marcia is a director of NGHT. Heckathorne failed to mention any of these related party facts in any of his disclaimers, multiple Federal Security Law violations.
KBLB was just hammered for the 10,000,000 shares which were unaccounted for and caused a massive financial restatement. KBLB auditors left.
Is Frost and MLSP building a Penny Land Farm? Or, could it be that Frost and MLSP are teaming up to start a PIPE company?
Do you trust Kim?
First this statement: "As a result of the Company's changing needs, as it advances toward commercialization of recombinant fibers, and after consulting with our Stephenson representative, we determined that it would be best to engage a new, larger accounting firm that is positioned to address our future needs. Therefore, we are very pleased to engage M&K as our independent auditors."
"We appreciate Stephenson's expert service, which they've proficiently provided for the past two years, and we would like to thank them for their professionalism," said Kraig CEO and founder, Kim K. Thompson.
Now this: On November 6, 2013, the Board of Directors of Kraig Biocraft Laboratories, Inc., a Wyoming corporation (the "Company"), concluded, based on the recommendation of management, that issuance of certain warrants to purchase 10,000,000 shares of common stock (the "Warrants") to a consultant valued at $400,000 using the Black-Scholes option pricing model had not been accounted for in the financial statements of the Company for the fiscal year ended December 31, 2012, which financial statements should therefore be restated to correct this error. Consequently, the condensed financial statements of the Company for the fiscal quarters ended March 31, 2013 and June 30, 2013 included in the Company's quarterly reports on Form 10-Q filed with the Commission on May 15, 2013 and August 19, 2013, respectively, contained the same error. Management has discussed this matter with M&K CPAS, PLLC, the Company's independent registered public accounting firm, and PS Stephenson & Co, P.C., the Company's predecessor independent registered public accounting firm, which had audited the financial statements of the Company for the fiscal year ended December 31, 2012.
So, investors are supposed to believe that Kim was unaware of the error with respect to Ben's warrants? Seriously? What about the previous 20,000,000 shares?
Day Trader Scam in play today:
FlipVentures LLC has been compensated Five thousand dollars for a one day marketing and promotional effort on EMJI by One 22 Media.
EMJI has minimal assets, minimal revenues and millions in DEBT.
Do you feel mislead?
Commercialization?
http://energy.gov/science-innovation/innovation/commercialization
*** How to Milk a Cow ***
Calm Seas Capital S-1's
First S-1 = 88,500,000 Shares
Second S-1 = 63,600,000 Shares
Third S-1 = 73,800,000 Shares (rounded down)
225,900,000 Shares Total
$2,148,000 Cash Raised from Selling Stock
.0095 Average Selling Price
Do you think the SEC would have approved the S-1's if they knew how to use a calculator?
Warwick JDA deal proves KBLB was not ready to "launch commercial production".
Why did Frost require MSLP to lease a very overpriced office in Florida?
Why did Frost require MSLP to advance $2m of his $2.5m to BZNE?
Why did MSLP not use the Frost money to pay off all the old Toxic debt?
These moves deserve serious scrutiny by the SEC.
Where's the $20,000,000 from this January 13, 2013 press release?
"The Wiki Group, Inc. (otcqb:TWGI) ("Wiki Group", or "the Company") is pleased to announce that a leading New York-based investment-banking firm has agreed to increase the Public Shelf Offering to up to $100,000,000.
The Company has retained the investment-banking firm as its exclusive placement agent and financial advisor in connection with a secondary public offering of up to $100 million, which will consist of up to a $20 million first tranche. The agreement shall be applicable only upon The Wiki Group's successful merger with Moneytech Limited, an Australian commercial finance company."
Penny stock players will say anything to sell stock and hope you forget what they said.
Remember this Statement?
Silex Holdings is focused in three divisions that offer diversity in separate recession- resistant markets. We will continue to grow each division through acquisition of growth capable companies that offer synergistic operations, and internal growth of each enterprise. The three divisions are Energy companies, Green-technology based Environmental companies, and specialty niche building material enterprise. An operating company with 7 years in operation and $2,400,000 mean revenues YOY (Year-over-Year) was fully acquired in late 2012 in the building materials division, and green technologies were acquired in both the environmental and energy sectors. The twelve month pro forma, post-merger, is projected to be greater than $17,000,000 with current acquisitions being fully launched.
Show me the money. I don't see a single dime since this acquisition in 2012, not one dime.
If you want to know who is dumping all these shares, check this out:
First this:
Effective October 17, 2013, the Board of Directors and a majority of the Company’s shareholders increased the Company's authorized shares of Common Stock, $.0001 par value (“Common Stock”) from 900,000,000 shares to 7,000,000,000 shares.
Now this:
ImpressivePennyStocks is owned and operated by FlipVentures LLC. FlipVentures LLC has previously been compensated Thirty Five thousand dollars for a one day marketing and promotional effort on AQUM, which has expired. FlipVentures LLC has previously been compensated Fifty thousand dollars for a one day marketing and promotional effort on AQUM, which has expired. FlipVentures LLC has been compensated Twenty Five thousand dollars for a one day marketing and promotional effort on AQUM by Urban Ag Corp.
I agree with you. Anytime you see a change in auditors, it normally (99% of the time) has to do with an accounting position that may have been misinterpreted or misapplied. Sometimes it is better for both parties to walk away from each other than make a big deal about it.
The substance behind FAS 133 is to prevent companies from issuing substantially discounted shares without recognizing the associated expenditure which comes in the form of massive dilution. It appears to me that FAS 133 applies to both CSC transactions and KBLB may have understated its expense by millions and millions for every put.
We will see how the new auditors deal with this issue. I still don't understand the missing 8K.
How Day Trading Scams really work:
Day Traders purchase positions in an almost dormant stock like this one. Then, they pump it using their multiple websites and sell on the hype. Here's the catch, when they stop pumping, they take short positions and cover on the collapse. Day Trading Scams like this get it both ways, on the hype and on the collapse. That's why you are seeing so many short sales.
TCA Global charges upfront fees and gets paid in free trading shares. Immediately after the transaction closes, tons of stock promotions come out. Do the math.
Kim will do anything for a Press Release, puppet on a string, always has been, always will be until...
Since there is a CPA on this board, I'd like for him/her to explain why the Calm Seas Capital financing deal is not being treated as an embedded derivative. I don't see one reason based upon FAS 133. In addition, I don't understand why CSC does not report changes in beneficial ownership and NEVER has. Same issue for Kim since he personally sold more than 20,000,000 shares. And of course, the latest missing 8K on the well publicized Joint Development Agreement.
SFMI question:
It appears from financial statements that SFMI pays $1,000,000 annually to lease properties from GHDC. However, GHDC only paid $360,000 in total for the property. Since SFMI has no cash, it issues shares to pay for the lease which entitles GHDC to liquidate those shares creating cash for the entire group without any SEC reporting.
Is that how SFMI creates the cash to pay half of these massive compensation packages?
I have another questions about the NY apartment, Canadian Office and GHDC management fees but those can wait for another day.
Another One Today:
Stockmarketprofessor has been compensated Twenty-Five Thousand Five Hundred Dollars Cash via bank wire transfer by a third party (M and M Asset Management) for a 1 Day Marketing Program regarding RJDG.
Tens of thousands paid to pump this company but here's the catch, the supposed money is going from one stock promoter to another.
Nothing but a Day Trader Scam
TCA Global NEVER full funds anything. It's a DUMP MACHINE.
It's allowed because it's the truth.
Thanks, maybe KBLB can hire Pamela Anderson for promotional work like Frog Ads (M & K were the auditors of this P&D scam). Might as well look at something besides financial statements.
Watch a Day Trader Scam in Action Today:
Carlos Pereira (dba Micro-Cap Consultants and Stock Mister) paid $20,000 to pump up RJDG.
SEC, FINRA Warn Investors About Pump-And-Dump Stock Spam
FOR IMMEDIATE RELEASE
2013-108 Washington, D.C., June 12, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued a warning to investors about a sharp increase in e-mail linked to "pump-and-dump" stock schemes.
The investor alert entitled Inbox Alert - Don't Trade on Pump-And-Dump Stock E-mails notes that the latest McAfee Threats Report confirms a steep rise in spam e-mail linked to bogus "pump-and-dump" stock schemes designed to trick unsuspecting investors. These false claims could also be made on social media such as Facebook and Twitter as well as on bulletin boards and chat room pages.
"Investors should always be wary of unsolicited investment offers in the form of an e-mail from a stranger," said Lori Schock, Director of the SEC's Office of Investor Education and Advocacy. "The best response to investment spam is to hit delete."
"Spam e-mail is the bait used to lure people into making bad investment decisions. No one should ever make an investment based on the advice of an unsolicited email," said Cameron Funkhouser, Executive Vice President of FINRA's Office of Fraud Detection and Market Intelligence.
Pump-and-dump promoters frequently claim to have "inside" information about an impending development. Others may say they use an "infallible" system that uses a combination of economic and stock market data to pick stocks. These scams are the inbox equivalent of a boiler room sales operation, hounding investors with potentially false information about a company.
The fraudsters behind these scams stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create through the mass e-mail push. Once these fraudsters "dump" their shares by selling them and stop hyping the stock, investors lose their money or are left with worthless or near worthless stock.
TCA Global is run by Robert Press. Robert Press was referenced in SEC testimony labeled "The Involvement of Organized Crime on Wall Street". He's not on the good side of the article.
Auditor change to M & K, same auditors of P&D scheme Frog Ads.
Pump Central =136 Wappoo Creek Drive
= James Filippone (dba Flip Ventures and MusclePharm Sportswear)
= Drew Ciccarelli (dba TSX Ventures LLC and MusclePharm Sportswear)
= Gabe Nix (dba Global Marketing Media, Penny Stock Circle, The Stock Scout and many others)
Do basic due diligence to confirm. It is one big penny stock circle where these guys literally pay each other to pump penny stocks.
James Filippone (aka COO of MusclePharm Sportswear and owner of Flip Ventures), learn all about him here:
http://dcweb2.bcgov.net/dcweb/CHDetail.asp?id=000000043635&sfx=6&ag=00
Come on, busted on Christmas Eve listing the same address as Drew Ciccarelli and Gabe Nix? And Frost trusts these people?
News Release about stock promoter Flip Ventures (aka James Filippone):
SEC, FINRA Warn Investors About Pump-And-Dump Stock Spam
FOR IMMEDIATE RELEASE
2013-108 Washington, D.C., June 12, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued a warning to investors about a sharp increase in e-mail linked to "pump-and-dump" stock schemes.
The investor alert entitled Inbox Alert - Don't Trade on Pump-And-Dump Stock E-mails notes that the latest McAfee Threats Report confirms a steep rise in spam e-mail linked to bogus "pump-and-dump" stock schemes designed to trick unsuspecting investors. These false claims could also be made on social media such as Facebook and Twitter as well as on bulletin boards and chat room pages.
"Investors should always be wary of unsolicited investment offers in the form of an e-mail from a stranger," said Lori Schock, Director of the SEC's Office of Investor Education and Advocacy. "The best response to investment spam is to hit delete."
"Spam e-mail is the bait used to lure people into making bad investment decisions. No one should ever make an investment based on the advice of an unsolicited email," said Cameron Funkhouser, Executive Vice President of FINRA's Office of Fraud Detection and Market Intelligence.
Pump-and-dump promoters frequently claim to have "inside" information about an impending development. Others may say they use an "infallible" system that uses a combination of economic and stock market data to pick stocks. These scams are the inbox equivalent of a boiler room sales operation, hounding investors with potentially false information about a company.
The fraudsters behind these scams stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create through the mass e-mail push. Once these fraudsters "dump" their shares by selling them and stop hyping the stock, investors lose their money or are left with worthless or near worthless stock.
Day Trader P&D:
MLGT has minimal cash, tons of liabilities but somehow someone does this:
Stock Publisher excepts to be compensated $20,000 in cash compensation from Classic Ventures LTD for the one day profile of Mlight Tech (OTCBB:MLGT) which services include the issuance of this release and the other opinions that we release concerning of Mlight Tech (OTCBB:MLGT)
The SEC responds to the $1,000,000 stock promotion by "an unaffiliated third party" La Luna Inc. for PGLO that has only made $15k in revenue since inception and has less than $10k in cash but boasts a $175,000,000 market cap:
SEC, FINRA Warn Investors About Pump-And-Dump Stock Spam
FOR IMMEDIATE RELEASE
2013-108 Washington, D.C., June 12, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued a warning to investors about a sharp increase in e-mail linked to "pump-and-dump" stock schemes.
The investor alert entitled Inbox Alert - Don't Trade on Pump-And-Dump Stock E-mails notes that the latest McAfee Threats Report confirms a steep rise in spam e-mail linked to bogus "pump-and-dump" stock schemes designed to trick unsuspecting investors. These false claims could also be made on social media such as Facebook and Twitter as well as on bulletin boards and chat room pages.
"Investors should always be wary of unsolicited investment offers in the form of an e-mail from a stranger," said Lori Schock, Director of the SEC's Office of Investor Education and Advocacy. "The best response to investment spam is to hit delete."
"Spam e-mail is the bait used to lure people into making bad investment decisions. No one should ever make an investment based on the advice of an unsolicited email," said Cameron Funkhouser, Executive Vice President of FINRA's Office of Fraud Detection and Market Intelligence.
Pump-and-dump promoters frequently claim to have "inside" information about an impending development. Others may say they use an "infallible" system that uses a combination of economic and stock market data to pick stocks. These scams are the inbox equivalent of a boiler room sales operation, hounding investors with potentially false information about a company.
The fraudsters behind these scams stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create through the mass e-mail push. Once these fraudsters "dump" their shares by selling them and stop hyping the stock, investors lose their money or are left with worthless or near worthless stock.
Hey Genius,
Your 4 days are up, where's the 8K?
This might be one of the SEC issues. Justin Keener owns JMJ Financial that financed MSLP. According to FINRA, he was dumping billions of unregistered shares via World Trade Financial:
http://finance.yahoo.com/news/finra-fines-three-firms-900-141700399.html