Hate the corporate world....so back to trading and peace and quiet :-)
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uh I was busy
Morning Losing
Evening the scams that run rampant just amaze me but money to be made if played right.
You see this on SAEI?
http://geomininternational.com/index.php
gn so sorry to hear of your ailment my prayers for you and your family.
Well some zonkey's never change stripes.......just sayin lol
Hiya Suebee
{{{{Tater}}}} Here you are
Oh me thinks you have plenty of points built up........chat with ya later
LMAO No comment
Yea if I can get some trade time in during the day learning options is on my to-do list. Like the quick money to much
Well how is my favorite market bear? You tank anything lately
Yea I really loved those $1-$3 dollar stocks. Made quite a few dollars on them and the best part more winners than loser unlike my pinky addiction lol
lmao no burgers here try CFO since Tuesday and hoping for Jan to run smoother than it has this last week. Then will be able to indulge my trading fetish..........been studying Forex as well. Been some nice runners and seen some nice stinkers from the usual scam suspects when I creep on ihub late at nite for a few.
Ok I deem Jan to be a slow month for both of us....think I read that authority in my job duties lol
Hmmmmmmmmmmmm depends on what's on your list? You can take a number lol How you been joel? I went back to the corporate world BUT when I get things ironed out at work maybe able to trade a bit during the day weeeeeeeeeeeeeeeeeeeeeeeeeeeee already got a promotion
Thank you sf and welcome back from last trip. sorry little late but been busy myself
Happy Thanksgiving everyone!!!
Happy Thanksgiving J and all!!!
I wonder since the news article didn't make it even with the actual settlement statement link from the BCSC enforcements site to back it up. GLTA here
What I don't get is why weren't buyer doing their DD rather than taking the word of another the BCSC website clearly lays out what started transpiring with this stock with the first trade halt issued 7/07/09 and list all the enforcement activity since. If one had just done DD they would have been able to get out with minimal losses at best.
http://www.bcsc.bc.ca/comdoc.nsf/SimpleSearch?OpenForm&Seq=1
Then perhaps you will sticky this link it is the settlement agreement directly from the BCSC's website that backs up that News article.
http://www.bcsc.bc.ca/comdoc.nsf/AllByUNID/B3DF5DE33EEF6A84882577DC0059A54E?opendocument
And just a little more documentation in the event you need it to verify and again it is from the BSCS's enforcement website.
http://www.bcsc.bc.ca/comdoc.nsf/AllByUNID/67385BE195BC965C88257788005AA85D?opendocument
U.S. Caps Massive Insider Trading Probe
Published November 20, 2010
| The Wall Street Journal
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Federal authorities, capping a three-year investigation, are preparing insider-trading charges that could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation, according to people familiar with the matter.
The criminal and civil probes, which authorities say could eclipse the impact on the financial industry of any previous such investigation, are examining whether multiple insider-trading rings reaped illegal profits totaling tens of millions of dollars, the people say. Some charges could be brought before year-end, they say.
The investigations, if they bear fruit, have the potential to expose a culture of pervasive insider trading in U.S. financial markets, including new ways non-public information is passed to traders through experts tied to specific industries or companies, federal authorities say.
One focus of the criminal investigation is examining whether nonpublic information was passed along by independent analysts and consultants who work for companies that provide "expert network" services to hedge funds and mutual funds. These companies set up meetings and calls with current and former managers from hundreds of companies for traders seeking an investing edge.
Among the expert networks whose consultants are being examined, the people say, is Primary Global Research LLC, a Mountain View, Calif., firm that connects experts with investors seeking information in the technology, health-care and other industries. "I have no comment on that," said Phani Kumar Saripella, Primary Global's chief operating officer. Primary's chief executive and chief operating officers previously worked at Intel Corp., according to its website.
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In another aspect of the probes, prosecutors and regulators are examining whether Goldman Sachs Group Inc. bankers leaked information about transactions, including health-care mergers, in ways that benefited certain investors, the people say. Goldman declined to comment.
Click here for more on this story from the Wall Street Journal.
Read more: http://www.foxnews.com/us/2010/11/20/caps-massive-insider-trading-probe/#ixzz15tRUqpW3
lol my pinkie rush has been dampened by the evil that resides in that market. Will let you know how it goes just heard BT talk so much about Forex had to give it a look. Options will be next on my learning agenda
In light of all this and some recent P&D's I am all out of pinky's, reading up on Forex now
Morning Losing
I don't know before when they were stronger he seemed to be one of the core leaders.......today just seems like a he's desperate holding 'hoping" they come back some day. But the constant twisting of information to a positive makes me wonder if he still thinks the pump is on. But no ill will from me to many peeps lost way to much for anyone to gloat over the losses
Think it's going to get even more interesting. And I hope for those that are still in the "HOPE" stocks that they can salvage something before it's to late. Maybe just a Freudian slip by LG but definitely interesting. There's only one way that other stocks are linked together and it has nothing to do with the fairy tale NSS's.
LoneGrey Member Profile LoneGrey Member Level Share Saturday, November 20, 2010 10:37:56 AM
Re: SRV-90 post# 86655 Post # of 86667
And who really knows?, that could be. But something tells me this one is getting looked at very closely. And the deal is, there is either a Huge Naked Short Position on the stock or Not! The SEC will determine that now and as the SEC attorney told me if their is a Huge Naked Short Position on EIGH the SEC will deal with it accordingly! Without me even mentioning it the SEC attorney asked me about a couple other stocks that were brought to their attention that seemed to be linked in some way to EIGH and the SEC is looking into those also for the same purpose. Just so you know what the SEC attorney told me.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56939022
What I found interesting was that apparently there were no fundamentals with SUGO from that article just a bunch of speculation. And on the other hand one of the other FLD's has connection of the CEO being a former Canadian stock promoter.
I no longer hold any of the plays but I was most heavily invested in GRNO at one time and no I didn't make massive dollars cause I never rode them to the top.......just started having a gut feeling things were not as they were suppose to me........call it woman's intuition if you will lol
Yes it was touted as a Fundamental play and the way I understand it that it was over a $1 when he called it and it's currently .021
P.S. If you haven't been around the pink world long enough to know that CEO's will lie and put out what they want during a SEC investigation then you are a NEWBIE!!!
LOL well Sungro is actually out of British Columbia so makes sense seems they move faster than the SEC but the connections between FLD's seem to have a Canadian connection........just sayin
Cause it was the B.C. Securities Commission in Canada that issued that order and not the SEC
Five Metro Vancouver shareholders admit lying to securities investigators
Surrey-based firm's share price rose from 30 cents to $4.75 in five months
By David Baines, Vancouver Sun November 17, 2010
VANCOUVER - Five Vancouver-area residents have admitted to acting as nominee shareholders for a U.S. junior company and lying about it to B.C. Securities Commission investigators.
It's the only case I can recall where BCSC enforcement staff have taken action against people who agree to allow promoters to use their names to effect a phoney share distribution.
The five respondents are Parvin Kaur Dhudwal of Vancouver; Paul Uppal of Delta; and Amrik Singh Bahd, Kulbir (Kelly) Singh Uppal and Gurpreet Kaur Jhutty, all of Richmond.
In a settlement agreement with the commission, the five said a person (who is identified only as "AB") told them that he and certain other individuals (one of whom is identified as "CD") were forming a company and "needed some names and signatures to get it started."
That company was Sungro Minerals Inc., a Nevada-registered exploration company that is based in Surrey.
Sungro's president and majority shareholder was Malkeet Bains, who is a licensed insurance broker who owns M. Bains Financial Inc. in Surrey.
(I have determined that Bains is "CD," the person who was said to be organizing the company.)
To raise startup capital, Sungro sold seed shares at two cents each to 40 people. The five respondents each bought 118,750 shares in September 2007 and gave AB cheques for $2,375. On the very same day, AB returned cheques to each of them for the full amount, plus $50 to $205.
(I have determined that "AB" is Karn Bahd of Richmond, the son of respondent Amrik Bahd.)
Although not mentioned in the settlement document, the extra amount paid to the nominees is usually a bonus for allowing the use of their names.
The shares are registered for resale with the U.S. Securities and Exchange Commission, then the people behind the scenes gather them up, so they effectively control all the outstanding shares. This makes the stock easy to manipulate.
The settlement agreement states that, after the five respondents were reimbursed for their shares, they had no further involvement with Sungro until they were contacted by commission investigators, who were concerned about the rapid rise in the company's share price.
The stock had started trading on the OTC Bulletin Board in the United States in February 2009 at 30 cents, and by July that year had spiralled up to $4.75, giving the company a total stock market value of $46 million.
This was an unusually high capitalization considering that, by that time, the company had defaulted on its mineral property option and its total assets consisted of $299 cash.
Suspecting that the seed stock distribution had been rigged, commission enforcement staff issued a cease trade order against the company in July 2009, and began to subpoena the seed shareholders.
According to the settlement agreement, all five respondents were summoned to appear at the commission and answer questions under oath.
The five respondents admitted that, before attending the interviews, AB and/or CD met with them and gave them a Sungro share certificate and instructed them to tell investigators that they received it earlier in the year.
The five respondents dutifully told investigators that they had not received any money to pay for the shares. The investigators did not believe them, and in September this year, the commission cited them for lying.
A hearing into the matter was to be held Monday, but was averted when all five respondents admitted they had lied and agreed to six-year stock market bans in B.C.
That means they can't trade stock in B.C. (except in limited circumstances), or act as an officer or director of any issuing company, or serve in any management, consultant or investor relations role, for any issuing company for the next six years.
Kulbir Uppal and Paul Uppal also agreed to pay the commission $7,500 each to settle the matter, and Jhutty and Bahd each agreed to pay $5,000.
The commission said it would have normally ordered Dhudwal to pay $5,000, but she is bankrupt and unemployed and has no reasonable prospect of paying.
The investigation into the trading of Sungro shares is still in progress. On Sept. 25, a commission panel extended the cease trade order against Sungro until a hearing is held and a decision rendered.
dbaines@vancouversun.com
© Copyright (c) The Vancouver Sun
Read more: http://www.vancouversun.com/business/Five+Metro+Vancouver+shareholders+admit+lying+securities+investigators/3840842/story.html#ixzz15nH10icQ
NMC Member Profile NMC Member Level Share Friday, November 19, 2010 9:26:21 PM
Re: None Post # of 86318
Just received a shareholder update from EIGH...not surprising the Monk's Den acquisition was aborted, under the circumstances...
Quote:1 0 4 3 2 B a l l s F o r d R o a d S u i t e 3 0 0 M a n a s s a s V i r g i n i a 2 0 1 0 9
Statement to all Shareholders of 8000 Inc.
On November 8, 2010, the company became the subject of a trading suspension and an SEC
Subpoena “In the Matter of Monks Den.”
The trading suspension, which related principally to questions about the accuracy of certain press
releases, was lifted at 11:59PM November 17, 2010.
The Subpoena requires the submission of documents and testimony of certain persons associated
with the company relating principally to its relationship with Monks Den. Through its legal counsel
and advisors, the company and such Subpoenaed persons are cooperating fully with all requests from
the SEC , have submitted the documents required under the Subpoena and the first of at least two
SEC depositions to be given in this matter is scheduled for Monday.
Preliminarily, the company wants to state publicly:
~ It is not and has never been involved, independently or in combination with Monks Den or its
principal(s), in any illegal stock profiting scheme (commonly called “pump and dump”).
~ The company has not to date paid for any promotional activity and does not engage in any
such activity.
~ The company is a legitimate, active company which its management feels is gaining traction
in its redirected business plan and, in fact, poised to become successful, among other activities,
development of its Brand8000 and nurturing the companies it has acquired over the last 11 months.
~ The company accepts that it should have handled certain actions differently and is prepared
to take all appropriate corrective actions, including issuing appropriate corrective disclosures.
~ Nonetheless, neither the company nor the person Subpoenaed persons has engaged in illegal
stock profiting or market manipulation.
In fact, the company would like to clarify and make public the following:
~ The acquisition of Monks Den was never completed; no payment was made or exchanged;
and was not concluded. The company accepts this aborted transaction could have been clarified
earlier and this will be addressed with the SEC.
~ In conjunction with the Subpoena and its full cooperation with the SEC, the business records,
activities, invoices, orders, agreements and additional supporting documents submitted have
aggregated not less than 8000 pages (some 1.4GB of documents and records).
~ For some 6 months, the company has been aware of illegal naked short positions and it has
submitted stock audit findings and related documentation in the company’s submission to the SEC.
~ In that context, the company has sent all recorded voicemails and e-mails, including those of
a threatening nature, as part of its submission to the SEC.
~ Similarly, the company has included in its Subpoena response its compilation (including
names, websites, relationships) a file of all public boards making false allegations and associations
pertaining to the company and its associates engaging in scam operations, pump and dump schemes
or payment for services, etc.
~ The company will accept any future operational and disclosure directions from the SEC.
1 0 4 3 2 B a l l s F o r d R o a d S u i t e 3 0 0 M a n a s s a s V i r g i n i a 2 0 1 0 9
~ The company and its associated persons are redoubling its efforts, looking back and forward,
to make full and fair disclosure of its proper business activities.
While the company regrets the trading suspension and investigation, it is more troubled with the
scurrilous comments and false statements about the company.
The company will continue to inform and update its investors accordingly.
For more information please visit:
www.brand8000.com
www.8000incgroup.com
www.8000inc.net
Or contact:
investors@8000inc.net
-ENDSThis
news release contains forward-looking statements that are subject to certain risks and uncertainties that may
cause actual results to differ materially from those projected on the basis of such forward-looking statements. The
words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forwardlooking
statements. Such forward-looking statements are made based on management's beliefs, as well as
assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions
of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk
factors that may affect the future performance of 8000 Inc. see "Risk Factors" in the Company's Annual Report on
Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the date made and the Company
undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or
circumstances after the date made or to reflect the occurrence of unanticipated events.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56933271