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It'll be ok. He met him on ihub.
Forget that crap.
It's ihub problem if they left themselves exposed.
This is the most litigious nation on earth. If you don't think that if someone slips and falls in a simple place like a public food court or in a public restroom somewhere for that matter, that there would not be someone standing in line in a New York minute with a law suit then you don't know enough yet.
Sure there is an "assumed responsibility" clause that may provide some indemnification somewhere to someone however flimsey that may be, but what happened on ihub goes beyond the pale of patrons assumed responsibility. ihub was allegedly used by Matt to proactively relieve patrons of their money by swindle according to the Feds and thereby should be held liable IMO.
I know what you mean. WM's of this class create their own wake.
And besides that.....referring to the last few talking heads here, "what he said"
lol
Someone just reported a bright light in Texas and It must have been your smile ms. silk lol Uh....Well mame, like we used to say in the car business: there is a pair of buns for every seatcover. (euphemism applied)
In other words, with a product like this, if it wasn't you it would be someone else driving off with those shares :) lol
Anyway, I love the detailed case law cited by WAMI and I wonder, the way that WaMu et al was rustled by JPM and their sidekicks the FDIC twins, if there is judicial precedence already made for all the intricacies of this case or if precendce will be found and tested?
Also, I'd like to comment on all he superb in depth analysis that has been provided here by I think at least about a half dozen financial/business and legal academics and I'd like to throw my email out in hopes to be added to any email list by said academics. I'd be much obliged.
Greeting all,
grandetourismo@gmail
Better than a gall dang free PR for crying out loud!
And the proof is even in the puddn'...pps rising on puny volume.
(Or could it be residual from the Diamond effect?) lol jk
Either way, I'm thinking green sticks today.
GLTA
mr_happy, Same to you!.
Once I caught on to what ihub was up to only to discover that ADVFN simply looped my inquires about the fraud back to the fraudster Matt himself, I was not happy.
But now that we have this board to discuss Matt/ihub SEC charges w/o being concerned with retaliation from Matt, I am happy. Especially because it's not costing me a dime for a membership. That must really grate on the 'ol nerve.
And a value added benefit to this thread is: Matt can't pump and dump his stocks here. Kind of like a taste of his own medicine. hahaha
GLTY
Ok. So you are saying that what happened has been trumped up by the DOJ and SEC?
Have you read the Ibox?
And btw, isn't that what this thread is for? Opinions?
Anyone have an extra pair of rose colored glasses??
Puhleeeze Ms. Shell.
This is exactly the ihub attitude I'm talking about: ...." But for everyone who's ever lost money on a penny stock to blame Matt for it is just childish"
In light of the serious allegations brought against Matt/ihub, I suggest ihub and it's agents, take heed to the indictments and humble themselves just a tad.
Agree or not, ihub is a public forum set up expressly for investors to discuss investments in the stock market. In other words, this is not an ebay or craigslist or facebook with a stock tip here and there. ihub is a public forum specifically aimed at investors to discuss their investments. The problem is, sometimes investors make their investment decisions based on information gathered from ihub. And as you are I'm sure painfully aware (perhaps to the point of denial) ihub is accused of manipulating or otherwise filtering or censoring information that is posted.
As I said, I personally know people that have been censored and/or booted for posting truthful information while Matt/ihub intensionally propagated his own information in order to bring the stock up or down depending on Matts objective with that particular stock at that particular time.
Matt is now charged with fraud for falsifying information then placing his filtered information on this "public" forum for his own personal enrichment. How can you honestly blame the vics for this ? Another pollyanna here?
Public companies not only have an obligation but a responsibility to provide a level of safety for it users, not steal from them as Matt/ihub has been charged.
If you think there are no victims, where did the 6 mil come from and why did the ring need 24 offshore bank accounts?
The EBS would be key to verifying whether an orderly market is being conducted.
I have to think that Weil and party would be looking at how the pps is being handled especially since the TA was done away with.
My membership to ihub is irrelevant. I'm sure you are aware that people can read stock boards without becoming a member.
And since you are unable to follow, allow me to redirect you to the scam. The scam is: matt/ihub perpetrated a crime on the public by intensionally and illegally misrepresenting information in a public stock forum where decisions are sometimes made based on the information provided such as Matts/ihubs phony PR's on ihub.
Hope this helps.
I'm sure if the shorts are reading, they will have their buy orders in first thing tomorrow morning. And look for the MM's to try to take it down even harder than they have been. Hopefully the "tape" is being monitored by the SEC or ISG.
Maybe a good time for them to short JPM instead?
Surely you jest.
So why then did this thread come into existence pray tell.
..."'SEC Charges Eight in Stock Manipulation Ring'"
hmmm... I like it.
A couple of close personal friends of mine have been completely railroaded by Matt/ihub. Nothing would make me happier then to see Matt/ihub pay dearly for what he has done to a lot of people.
And he thought he could walk on people with impunity. Ha! serves him right.
GLTY
Or maybe he gets the pictogram of the "Boot"?
Sounds reasonable to me.
All most investors want I think is a few answers on how their money is being spent and what results they can expect.
After all, it is a public company.
I'm sure a lot of investors would be relieved if Paul explained a few things.
You have to admit things look suspicious.
Maybe there is new eyes?
Well said zohn51
Personally, I think a lawyer would help.
I know a few posters here who have retained several emails from Paul making promise after promise of done deals with PR's sitting on his desk ready to be released. etc. etc. Then there is the infamous audio stocks interview between Errol and Ron where they both repeated several times that 141's float was what 199 million while at that very moment they were flooding the market with billions of shares. Straight out lies in order to swindle investors. I'm sure a pattern of deception can be proven. These guys either need to step up and answer or be shut down or both.
IMO
GT
Not interested. Sounds like rubbish.
Nonetheless, questions can be asked elsewhere.
peculiar how there can be almost 9 buys for every sell and the price drops.
What about the 12g per month salaries Paul and Errol were paying themselves?
The pressure is increasing with every day that passes and the MM's will resort to every trick in the book to escape with their skins.
Have we had a bear raid here yet?
Oh yes, I'd bet on it.
I can just see the suit's faces all full of consternation and everything lol as the details of what they are working on makes it out to these boards.
We have some very astute posters here who know where to dig and what to look for :)
Three hours in and there is more volume then all of yesterday.
MM's trying to be inconspicuous while they hold it down for a slow cover?
Maybe they are trying to keep prying eyes out of the inner-workings?
..."Got to be a good reason for them not presenting them in a timely manner."
Show the board the DD on the matter then go for it.
Sorry. Don't mean to beat a dead horse.
Just ascertaining whether there is an interest in hiring a gun in lieu of a formal complaint as a way to extract answers from these guys.
Otherwise, they don't seem to be interested in providing answers to the shareholders that have funded them.
Maybe a shot across the deck from a suit on behalf of the shareholders would get their attention and if they are into scamming the shareholders, it would be found out then.
GLTY and nice job on the board.
GT
I agree. Bringing indictments isn't exactly a hobby with the DOJ/SEC is it?
As a result, the charges will no doubt stick.
For real?
Where do you suppose the 6 mil came from? Donations?
Or maybe they found it in the street while skateboarding?
Riiiiight. ihub may state that they have no warranty on their service but where does the TOS you cite point out that ihub is in the business of scamming innocent investors?
At least that's what the indictments allege and I think the SEC and DOJ have better things to do then to fabricate stories about Matt if it were not true?
Ever hear of the "pollyanna syndrome" ?
That's convenient.
Where are these "victims"?? I may have missed it but I can't recall reading any posts from "victims"."
Let me ask you....where did the 6 mil come from, The fairy godmother? or maybe they found it in the street when they were skateboarding?
I'm afraid the point is missed.
The newbies spoken of here had not a clue that the ihub swimming pool was a "swamp filled with alligators" as it was put it.
Now, if the TOS had said something along these lines...." Among other illegal activities, ihub reads your PM's and will work against you to steal your money" and the newbies went swimming anyway, well then the argument would be valid. IMO, thats the "con" part of the "sting": ihub lulls investors into thinking they have a secure, stand up site when in fact it is a snake pit. Why else would ihub manipulate the flow if information if not to con newbies out of their money?
GLTY
Hmmm...that gives me an idea.
Maybe if a few of Matt/s ihub victims emailed the plaintiffs in this case and told them where to mine for more information they would lock down ihub and comb through ihub's files looking for more corruption. It's all there. It would help save taxpayers some money and bring about a swift conviction. I'd like to see that.
I'm not a chartist either, but the MM's are.
They know how to snuff a candle and how it discourages the techies. That's why you see them bring it down w/onesey and twosey orders EOD even in the face of higher bids.
IMO
Incredible! GM has already printed more in "T" settlements in five minutes then WAMUQ traded all day.
The MM's here are really working hard to keep the pps around .10 (I wonder why lol) but steady buy pressure taking the dips is making in very hard for them to drop it any further.
I suspect they have a strong "hunch" should we say, that sumthun's a brewen'
The lack of interest/trust even after the spam campaign last week, (or should I say in spite of) shows that Errol and Paul have played the shareholders too many times. And because of Paul and Errol's poor reputation now, the MM's that took the last offering can't even dump their shares now lol.
What a racket.
YW. Have an email into the CEO.
Will let the board know if any updates can be posted.
It's being held down so shorts can cover.
How does he know that you say?
At around 3:40 yesterday, when the bid was .102, I put a small sell order in for .105. It only lasted a couple of minutes before the MM's jumped up and grabbed it and "taped it" as a buy. Last week, a buy order of mine was filled at bid but "taped" as a sell.
MM's don't want people to know what is going on other then to try to induce panic selling so they can load up.
IMO.
GLTA
Depends on the poster. Some I have come to know personally through DD and are credible.
If no one did anything wrong,
where did they get the 6 million in cash and why did they have so many bank accounts?