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Even better --->
gugr . com ! check it out
Selling high initially to get $10-$20 million and then dilute and dump debt shares into the float from 200,000,000 to 10 billion so cheap buyers can jump in with the belief that they will rise back to the high number and buying 1,000,000 shares for $100 at $.0001 is not a risk with the dream what IF they go back to $.10 they make a cool $100,000 (aint gonna happen)
And of course the suckers who paid higher buy in lower to cost average so they can say WHO ME! I never paid $.10 per share; I only paid $.005 (after buying more shares cheap)
And when the price keeps dropping the schemers make even MORE money. Selling 200,000,000 at $.10 for $20,000,000 is the same selling 40 billion shares at $.001 and make $40,000,000 but it is a lot easier to sell shares on the OTC for $.001 then $.10 simply because OTC retailers are CHEAP and want to make millions off a few hundred dollars. OTC investors are like cigar smokers who buy fake COHIBAS and say they are real. Its all a dream fantasy. They want to believe but they know in reality the cigar is fake and they will never make any money on the OTC.
Its more a sucker lotto play but only the stock sellers have the winning lotto number. They get all the money and you can’t have ANY OF IT! When the diluted float has depleted all investors’ money and the stock is at the point that everyone has their fingers on the SELL button on any rise in price (that never emerges) the company does a 10,000/1 reverse split (more or less) ends up a new company plan and the process starts all over.
And the same suckers move to the next HOT ticker. So the plan all along is to take your money, its not a product of a failed idea or plan they really tried to make work. The plan from the start was to dump, dilute RS and do it all over again and as long as people want to toss money to OTCs, they will be right there to take it.
Yeah we sold this crap short back in 2018 made a KILLING buying it back for a fraction of the short sell price. Unless you are the CEO or team in on the pump the only way to make money on these is short them when the price is high.
That is my point. If the same thing keeps happening and people keep buying into the next HOT ticker with the same structure, they have to know the same outcome will happen. Its the don't play can't win mentality, You have to play just in case it hits and if you don't play and it hits you lose a great opportunity. The OTC's know this, they know everyone will just keep buying the next hot ticker so why do they have to even be legit, they just sell more shares on more high risk dreams that never come true.
SO why then do you all keep buying into those stocks?
If the float is only 542,000 (That's dated 2019) and 12,000,000 traded today. That means people traded back and forth 542,000 shares, 22 times. The 2019 data if updated would show more like a few billion shares as the dump continues. No one bought and sold this stock 22 times in a day. You would lose 22x fees since the price never moves it would be a total loss. Its just dilution being added to the float but the company fails to update the data since 2019.
Actually they are paying the OTC (not FINRA) the fees in order to be 15c211 compliant. They have to pay the OTC or be dropped to the grays preventing the retailers from buy the shares and retailers are the main source of capital because no institutional or savvy investor would ever touch this stock on the grays.
15c211 was supposed to protect investors but was really a way for scheme pump and dumps to be seen as legitimate by paying the OTC fees to be current under the guise or protecting investors. This is worse than the bank bail out prime mortgage scheme.
15c211 only did one thing. It legitimized pump and dump schemes.
1/10,000 in my opinion....
Right on target. ->
Having bought back 250 shares of Amazon at $111 from profits from the short and the stock now at $140 we so far are also up an additional $7,250 plus using the profits to buy in at $111 means we are up in total on the 250 shares $35,000.
Keep you EYEBALLS on DMAN, CBGL and AURI they are NOT selling enough shares to justify the costs to pump, that means a large pump campaign is in the works to get the price to rise UP before the increase dilution back down to $.0001 You have two choices.
Get is and sell fast on the gains or hold to short when the stock is pumped higher and get out when it tanks.
At this point they cannot sell lower because they would not get the cost average buyers to jump back in. That means they have no choice but to get the price higher so they can get the cost average buyers to jump back in before dilution. Watching very closely. Time to make MORE MONEY - Play the game!
New victims are telling everyone the stock is UP 50% (At $.0003) and believe it may go back to $.10 turning a $500 investment into $250,000.
You have the cost average buyers who are into the stock well above $.0003 and new victims taking out the remaining millions cheap with belief. Averages have desperation and new investors have belief. Neither of them will have an exit strategy that makes them a profit.
Any rise in price allowing the $.0002 buyers to make a profit will prevent any cost average buyers to sell at a profit and new investors have to buy millions and millions of shares if they are sold at $.0004 so they can make a small return and the market makers will not buy them back on the bid knowing the scheme is on it's way out.
These are the last remaining shares sold by bottom feeder brokers who cannot cut it with the big players. Its like they are taking pennies from 1000's of 7-11 need a penny change counter cups driving from store to store to make $.05 or $.10 to accumulate enough to buy those $50 martinis at fancy bars to impress the ladies into thinking they are successful when they just live not even day to day but hour to hour.
The big money is LONG gone off shore, No SEC or DOJ action was taken and as always it clearly states they may not make any money and you may lose all your investment. Sure many will buy another few million at $.0001 just so they can cost average down further and say the loss is not so bad having paid on average $.0005 but losses are losses and losing more just to lower the loss per share price is borderline certifiably nuts. But it does offer some comfort in some strage way.
What was a cost average buy was when the stock rises a little they can sell and make a small profit and get out. And now they are buying more just so they can say they did not lose that much on a per share price.
It should be called, cost averaging your losses per share.
Average buyers will be stuck at a loss and so will new victims. This was never about selling dope or paper plates or fast food. It was only about selling shares at prices no one can make money on other than those on the inside debt dilution process.
Almost over. As the pump winds down the big players have moved on and the bottom feeders remain to dilute millions of shares for dinner money. Not long ago 3,000,000 shares sold for $450,000 and today 3,000,000 sells for $600.
My only question is, which ticker will you all move to with the same belief that you will make all the losses back on the next BIG thing. Please let me know so I can short it and keep making money.
I said this would happen, it always does. Another storybook with the same story ending. At this level there is no money left to pay pumpers or marketing. Why spend $20,000 to market to sell only $600 worth of shares. That shows the end is near.
I still anticipate a 10,000/1 reverse. I even BET on it. When that happens it's time to short again.
Here is a possible CEO replacement.
Google Gunther Grant Jewelry, email the CEO and ask him. At least they know what they are doing. GUGR dot com.
Post #52716
WERE OUT.
Auto bought Amazon at $110 after shorting at $122. 3500 shares at $12 net comes to $42,000 profit. Because we are sure Amazon will rise to $250, we bought back 250 shares at $111 using $27,750 of the profits and banking $14,250.
When we sell the 250 shares at $250 for $62,500 after the cost, we net another $34.750 for a total profit of $49,000. Regardless of the share price now, it's all pure profit.
UPDATE;
Going as planned. The buyers are taking out Amazon 1-5 shares just to get in with little means of making money on the stock just to say they own Amazon. This is driving the price up today $14 per share. And even if the shares rise to double in price from $120 to $240, those who own 1-5 shares will not sell.
Look at the buy data, you see 1-3-5 shares being bought all to often and that is what drove the price from $2 to $3000 per share. We anticipated Amazon will climb back to $250 (maybe even higher) and it’s on its way. Those who failed to buy 1-5 shares at $111 or even $120 are now kicking themselves and rushing to buy in 1-5 shares and drive the price up with no sell off.
Our 250 shares we paid $111 for are now closing in on $140 so were up $6,500 but as I posted, after the short and buy back for less, all this is profit added to the short profits.
Unfortunately this won’t happen to SGMD, you have to short them knowing it will never bounce back. So much money to be made and the way to do it is right in front of everyone’s eyes, they just fail to see.
As long as investors buy into these schemes the more those OTC's thrive. And investors will never stop investing even when they know it is a scam.
The only ones to blame are the investors who want some magic huge return on little investment knowing full well it always ends up the same way.
The only rinse and repeat are the investors who buy into ticker after ticker. I said it many times, if your all willing to throw money in the fire, a OTC scheme will always be there to take if from you.
Watch! 1/10,000 reverse split....
Poor lost souls over there. To think that this person says they know of no other CEO who is this bad? must be a new player to the OTC and will likely be taken over and over as they risk money on other OTC schemes. They must be new because they are not aware that the SEC does not arrest anyone. And how does someone believe a person can change for the better after 2 RS (one being 1/10,000). This poster is a schemes BEST FRIEND! Sounds lake many who invested in SGMD. And the cycle continues.
stockstobuy
Member Level
Wednesday, June 29, 2022 12:56:35 PM
BRGO
Re: Stock Caller post# 122096
Post# of 122097
I warned by a couple of investors who lost money money here not to invest because the CEO is a scammer/criminal but i didn't listen because i thought he is a changed person after 2 reversed split in which all his loyal investors have been.wiped out. I thought he will redeem himself but theres no redeeming for this conman Berge Abajian, the CEO of BRGO is a criminal. All he does is lying to investors so that he can continue stealing their hard-earned money. This animal should be deported back to Armenia and be banned from coming to the US. He is only in the US so that he can scam more money here because he knows his fraudulent activities doesnt work in Armenia. This guy is a criminal and a serial thief. He has been reported to SEC and i hope they will arrest him for running a scam. He has no credibility and all he does is lying and diluting the stock. He is a total garbage, a very dishonest CEO. He doesnt care what you think as long he gets all your money. I can't name of any CEO who is worst than this animal who kept scamming small investors. He is the worst of all . He is a total piece of shit human garbage. His family and friends should stay away from him and disown this garbage of humanity
Jimmy does not pump the stock. He just issues certs to the debt financiers. In fact, Jimmy does not even write the PR's, he just signs them. Jimmy literally is sitting at home just making some pocket change while the debt dumpers make 99% of what everyone lost and just waits till the debt shares are sold so he can issue more when more debt is paid.
When the debt financiers see there is really not more value as the stock trickles down to $.0001 they no longer go to Jimmy for more debt shares. That is because while all this is going on, the debt investors have been setting up other tickers to do the same at a higher share price.
DMAN is now on the move with PR's and it’s going UP. When this hits our short target we will sell $250,000 worth and wait for the dump debt dilution and make at least $200,000 on the scheme.
I would not be surprised if known others are running that scheme. Investors will buy the stock as it goes UP and not be able to sell on the bid at a profit. Eventually the debt sets in, the authorized increased and the dump kills the price and everyone buys more to cost average. That is when we make money while everyone else loses.
DMAN is a perfect example. They don't have a huge float (YET) and selling only 60,000 more or less each day for only $600 is not enough to run the scheme. That tells me that soon the stock will be pumped way UP $.01 to $.10 and they will dump 200,000,000 for $20,000,000 and soon after increase the authorized and the debt will soon follow. WATCH how this works. When the stock is pumped up to a specific share price before the increase to the authorized is when we make our move.
Those lost souls over on BRGO are now having the reality set in and soon so will DMAN's investors.
But the fact is that investors never learn and will keep chasing that pot of gold and as they chase for it, we are making huge bank deposits.
Compare this;
Posted on the BRGO ihub page with the same words as SGMD. Dump Dilute Nasdaq and others running the scheme. As I posted on SGMD, notice how everyone digs for info finding questionable people running the scheme but only after the stock tanks?
A poster wrote the following;
"He even said recently that if he makes a large acquisition or plans to "uplist" to NASDAQ he will complete the 4th Reverse Split.
You all better watch out. Berge Abajian is in bed with well-known dilution scam artists Joseph C. Canouse and Stephen M. Hicks. I believe the 3 of them have conspired together to dump billions of shares on shareholders, paying themselves through an elaborate dilution scheme. They dilute the stock, then Berge completes the Reverse Split, then price tanks all the way back to trips (or close enough to it), then they Rinse and Repeat the dilution scam process. The Securities and Exchange Commission would have a field day with these 3 individuals.
Don't think I'm right about the dilution scam? Go look at BRGO balance sheets.
Joseph C. Canouse has 2 different toxic lending companies on it.
Stephen M. Hicks also manages and has 2 different toxic lending companies on it."
At this point and many years prior, anyone who is losing money to these OTC schemes only has themselves to blame.
When the share price goes UP, everyone loves the CEO and players who make it happen. When the share price goes down, they are all crooks.
No one cares about a damn thing (legit or illegal) or who's running the show as long as the share price rises. If everyone can easily figure out all the so-called felons who are doing this to the stock, why did no one look for that data before investing?
Because people only cry foul and dig up facts when the stock goes down. When the stock goes up they put on the blinders. The simple facts are;
A group of crooks that make the stock price rise are heroes.
A group of heroes that make the stock price go down are crooks.
This is the fault of the investors not the CEO or JN. Sorry to say. No one wants to miss a long shot windfall like this and on so many other tickers and that is the curse of being an OTC investor. You have to know it’s a NO WIN investment.
People are angry not so much with JC or JN, they are just angry it keeps happening with every ticker they invested in over and over again and again making a WIN harder and harder to find.
You will win the LOTTO jackpot before you find an OTC that pays off enough to say you have recovered all your losses.
WERE OUT.
Auto bought Amazon at $110 after shorting at $122. 3500 shares at $12 net comes to $42,000 profit. Because we are sure Amazon will rise to $250, we bought back 250 shares at $111 using $27,750 of the profits and banking $14,250.
When we sell the 250 shares at $250 for $62,500 after the cost, we net another $34.750 for a total profit of $49,000. Regardless of the share price now, it's all pure profit.
Amazon or SGMD or BRGO or 1000's of other tickers. It's all an endless supply of FREE money. BCHG and HZEN (both part of the Grayscale scheme) was like taking candy from a baby. Shorting BCHG at +$3.00 that is now $.99 (300% return, 200% Net) and HZEN @ $+3.30 that is now $1.10 (300% return 200% net)
Play the game to win not for a windfall that never comes.
You mean run run run FROM the load.
It's done. A sure thing,
AMAZON
We have an auto buy back in at $110 and well make $42,000
- Every time the asked drops $1, we lower our buy back in price the same $1.
- Today the buy back is set at $106 if the stock drops we make more, if it rises to our auto buy in we still do well.
- For every $1 the stock drops below $122 we make $3,500
- Some say the stock will drop to $53 but I doubt that.
You can do this to these sub penny schemes but you have to short when they initially are pumped up to $.40 knowing full well they will dilute and kill the price.
Perfect example, the scheme off shoots of GBTC knowing these two tickers will tank we shorted them as well.
BCHG and HZEN
NICE!
Most accurate post I ever read.
WEEDtrader, you are 100% correct. Bezos even said that in many articles. That is why he cashed out to much and bought other companies that wont fail.
If you all want some FREE entertainment. GO on over to the BRGO board and read the comments. You will see that many here and many there all keep doing the same thing. Invest then call the CEO a crook when the dilution and price tanks. And all the chatter over there is the same that is here.
This is my point. Most of you and most of them will all just buy into yet another scheme that falls the same fate.
PLAY THE GAME using rules that make you money and not lose money. A 2-year open short on BRGO was a HUGE win for us. Sell at $.15 and buy back at $.0005. Sell short 166,000 shares and take in $25,000 and buy them back for only $83
Do that to 100 OTC schemes and you can make a BUNDLE know that is WILL WORK. It always does.
It's just so dam easy. The ONLY problem is, you only can make back what you sold short. IF you sell short $25,000 you can only make back $25,000. If you buy in at $.0005 and you invest $25,000 for 50,000,000 shares and they went back t0 $.15 you make $7,500,000. That rarely if ever happens but is the lure of the sub penny stocks.
Taking NO chances,
Have the buy order in at $110 for Amazon. Worse case we make $52,000
That's at least a SURE THING!
How to make money!-->
We shorted SGMD
We shorted BRGO
And now?
We shorted Amazon 3,500 shares at $122 taking in $427,000.
If we buy back the shorts today at $104 we net $63,000
If we wait till $90 we clear $112,000 (almost 25% ROI in a week)
Amazon stock WILL rise back up soon (after we get out) the reason is most Amazon shareholders only own one share at $2000 per share (more or less) and they would never sell that one share because there is not much to be made selling one share even if it nets you $2000 profit at $4000 the money is not much to bank on.
The reason is simple. People buy one share to brag they have Amazon stock. The reason the fast decline is with a 20/1 split, those who own one shares now own 20 so they figure sell 19 shares for a fast buck and keep the one share to still be able to brag you have Amazon stock. Once those shares are sold the stock should rise back up to $250 for the fact that new investors who could not afford one share at $2000 will buy one share at $250 to brag they own Amazon.
If you go to the IHUB Amazon page and look at the trades its mostly 1 share, 2 shares, 10 shares, not 1000's
It’s all in the mindset of investors and why they do what they do. Some want to fill an ego. Some want to believe a $200 investment will net them $200,000 and some play the game to win. It's all about money and digits. Put in the right order and you can make money plain and simple.
That is not true. Weed sold in legal states are making billions in revenue for legit cannabis companies that SGMD is not. Making MJ legal federally will not help SGMD. They failed in legal states and will fail nationally for one simple reason.
"SGMD is not in the marijuana space, they own no MJ production facilities or even generate revenue form Marijuana sales"
They posted they are working with MJ companies but do not own controlling interest in them. SGMD's cusip is titled paper products not cannabis. If they were in the MJ space they would have changed cusip titles.
The only thing SGMD sells is debt diluted shares. The shares authorized, volume sold to the float and drop in price is all you need as proof.
I am betting on a 1/10,000 share reverse split. When that happens SHORT this ticker ASAP just like we did Amazon the day the 20/1 was active.
After most forward splits, the stock historically drops so you have to short it FAST on the FS news. It happened with Facebook, short fast the price drops and cover before the rise back up. When Amazon was $24?? per share, in the trade data most buyers bought only one share. Its impressive to say you own Amazon stock even when its just one share. And those who bought one share did not really think it would make them much of a return. Even if they paid $1000 and sold it for $2000, $1000 is hardly wealth. Also we know Amazon will not rise from $2000 to $20,000 with $18,000 still not significant.
So when people bought Amazon at $2000+ they never intended to sell it so it really became bragging rights. I remember at a party my girlfriends husband was bragging about his Amazon stock. When someone asked him how many shares he owns he said he does not like to talk about that. If that is the case why mention you own the stock in the first place? My friend said he only owns one share to brag so the fact is he cannot sell it or he would be lying saying he owns Amazon stock.
The 20/1 split has allowed those who did only own one share at $1000 more or less who now have 20 shares allows them to sell 19 shares and make a few bucks while still being able to say the own Amazon stock (1 shares at $100 and change). The drop in price since the split is from those who only owned one share who can dump 19 shares and still brag they own Amazon. When those sellers are out, the price will rise up fast. When people also see they can buy in at $100+ now they also anticipate the stock going back to $2000 but are not buying much to make a dent in the liquidity. Once the single share holders are done selling and those who could not afford $2000 per share jump in with $100 or maybe $300 the stock will jump back beyond the split price. But by how much? $20, $100?
My guess is the price will rise well above $250 per share ($5000 pre-split per share) that seems like impossibility but look at it this way. People historically will buy less for more of just about anything same with stocks. I call is the convenience store investment strategy.
People will go to a convenience store and you see guys buying one can of beer for $2 or even a 16 ounce bottle of water for $3 or a small Hershey kiss for $.25 cents. If they bought the six-pack of beer for $4.99 each can would cost under $1 so they pay more than twice the can price when buying just one. Same with water. If they just bought the Hershey bar for $1.00 that has the equivalent of 8 kisses it would not cost them $2 but half price.
That is why Amazon stock will rise soon. Because people will only buy one or two shares even at a premium. They won’t care if the price is $250 because its cheaper than $2500 or $5000 pre split so they will pay more just to get one or two shares into their account for no other reason except to brag they own Amazon and to also believe it can go back to $2500 per share but that would be $50,000 pre split prices but they don’t think that way.
If you told most investors they could buy 20 shares of Amazon on sale for $2000 most will just opt to buy one share for $200 (twice the sale price). That is why this stock will run soon. Clear out the one-share holders reducing what they own and enter the ones who will pay a premium who could not afford $2000 per share.
The main reason Amazon stock went up in price was from one-share buyers who never sold the one share. That created a huge buyers market and fewer sellers. That same event will soon happen again. Buy now and hold as the convenience store buyers enter the market.
It is always easier for a low priced stock to double then a high prices stock to double. That is what makes the diluted sub penny stocks so popular. The logic is a stock buy in at $.0001 if it even goes to a penny they make a killing. The same percentage would mean a $10 priced stock would have to rise to $1000 or Amazon pre split price of $2500 to rise to $250,000 per share. Hitting one penny from $.0001 is easier than Amazon hitting $250,000 per share.
If Amazon did a 1000 for 1 forward split taking the price down to $2.50 per share. Millions would have jumped to buy as many shares as they could for $100, $250 and even $1000's driving the price to $8 per share that would still seem a bargain. Keep in mind that would equate to the pre split price being $8000 per share that would seem highly unlikely but $2.50 to $8.00 seems more obtainable. We shall soon see.
$$$$$$$$$$$$
My bet, they do 1/10,000 RS
Getting in, easy - getting out, impossible
You mean strong Bye Bye!
Here is short list to look at --->
1) If the price keeps declining and more shares are being traded it can only come from the company debt funding sources. No market maker will buy shares from retailers when they can buy them direct from debt holders for a fraction of the bid price. So forget about ever selling SGMD for a profit, ever.
2) With all the talk of criminals, felonies, the DOJ, Finra, SEC, crooked CEO's etc. One fact remains clear, the dump continues and no one is held accountable so all that chatter about anyone getting in trouble over this will not happen or it would have already been shut down. If they run another pump that will likely be their last one before the scheme is shut down (NOT by the DOJ or SEC) but those running the scheme so any warning to them about another pump is a moot point legally.
3) Even before any action is taken the scheme will be shut down and the ticker changed or closed up and all the players will vanish. The money is already off shore out of reach of the DOJ and they cant run around and round up all CEO's and debt investors and lock them up or the economy would suffer $100's of billions in ill gotten gains that makes it back to the economy.
4) Remember you have to have CONGRESS make rule changes and since they are in on it, nothing will change.
These are the solid facts on this and soon everyone here will be asking WHERE is the CEO and why won’t they answer the phone or emails. Same posts over and over, ticker after ticker. Not long after that, people posting here will find there is nothing to gain from this ticker or chat room and eventually just say OH WELL, well make it back on the next ticker and the cycle continues.
I made my points, I told my story, I posted what would, has and will happen. And you don’t need a crystal ball just common sense and to follow the events as they unfold.
I can’t say good luck to you all because not even luck will save this issue. Its run it’s course and is almost over. When no more new bees jump in, there is no reason to remain active on the OTC.
That statement is correct.
1dmg1 100% correct! .. eom
Of course I care. The problem is NOT JN or the intent schemes. The entire fault is with the investors who support those schemes knowing they are just a risky lotto play.
And the fine print says just that. If you want this to STOP, everyone has to stop investing in these schemes. The problem is, they never will stop. EVER!
If investors are there to toss money to schemes they know are schemes, who's fault is it?
The investors.
So what your saying is;
The DOJ and FBI are allowing JN to commit more fraud and pump and dump schemes as part of a plea deal?
That's like trying to buy back drugs seized from the DEA at a discount price.
What ever the case, what ever the situation, SGMD has taken at least $50,000,000 of investors money that will never be returned and the shares that will never rebound and the company continues to operate the scheme.
So far nothing has changed as the dilution continues and investors keep losing money. All under the DOJ's watchful EYE?
So how is the DOJ helping?
1dmg1->
That was the most accurate post I have ever seen thus far (besides mine)
Spot on same as I have stated. But the final end game to this is not the end but the beginning of a new scheme and everyone here will follow the new scheme like lemmings following the leader into the ocean to drown.
The reason why investors don't stop is they feel what if the one they did not buy into is the one that makes it, so they will never stop. It won't put investors in the poor house since the OTC is smaller investors but more of them. And the OTC and SEC know how great this is for the economy.
Lets face it the million dollar mansions and expansive cars and watches take people to build, maintain, insure and also taxes on those have to be paid annually. So the smaller investments added up to $10's of millions for just a few does help. I would not be surprised if someone here worked for a company owned by someone who was part of a schemes financing.
1dmg1 and Mattie711, Here is your answer.
1dmg1 wrote;
In this instance I respectfully disagree. Most of your analysis is accurate and descriptive, but if JN is or can be connected to Jimmy / SGMD then he violated the terms of more than one suit including FINRA.
You are allowed to disagree but the fact is, nothing is being done to stop the schemes and JN is not in any way legally associated with SGMD or even listed on any documents as an associate. Clean hands. That is what I would do, make millions and leave Jimmy to deal with regulators.
But since people bought the stock on intent and accepted the disclaimers, no action will be taken against SGMD unless they break the law that they have not done and likely won’t do.
People can call JN a crook and Jimmy a scammer but they are not being stopped. When they are stopped the ticker will have to be shut down and all the money returned to investors (in a perfect world).
The ticker will shut down on it’s own and no money will be returned and the shares will have no profitable value to any retail investors. When you can accept that by the facts and still buy into these schemes is the fault of the investors. They only cry foul when the stock drops in price.
When you play a casino slot machine and lose do you blame the casino or the machine? No, you play knowing it’s a risk and will likely never hit the jackpot.
OTC stocks are like a slot machine and the money dropping down the slot goes right into the pockets of the scheme runners. The only difference is on a slot machine you have a slight change to hit 3 “7’s” and make $1000 on a $1 bet but if the OTC ticker were a slot machine, it would be fixed to never pay out and the disclaimers tell you that. You will never win.
Would you put money into a slot machine that says, “if you play this machine you will likely lose all your money and hitting the jackpot will likely never happen”
People only recently are complaining about the issues with JN and others and are just words that fall on def regulators ears. Is it only when action is taken not on paper but action that stop’s this madness can you then turn your disagreement into a fact. Disagreeing is more of an emotion than a valid point I have to say.
No offense but lets be real. This play is almost over and the shares diluted with no recovery possibilities and the players of the schemes are already working on new issues to promote and dilute. The money keeps flowing in to them out of the pockets of investors.
What I always take pity on is how everyone who now has all this damaging information on JN and the feds and FInra and the DOJ and the alleged fraud and felony charges that NO ONE ever does this digging before investing and only does it after they invested and lost. If the stock went UP Jimmy and JN would be every ones new best friend. Felony, fraud? who cares as long as the stock goes up that would not matter. When the stock tanks is only when it matters.
If people took the same in depth detective work why do they always do it after the scheme dilutes and investors money is gone? The answer is that investors want to live in a lotto like bubble with hopes and dreams of hitting ONE of the schemes big time knowing full well it’s questionable. I am sure many do in fact know the details and who is doing all these schemes and stay silent during the pump in hopes that stock rises and some can sell at a profit. When they cant, they expose the people and criminal past and charges and DOJ and all the bad stuff.
The problem is, legal action is rarely ever taken that is severe enough to stop them. Congress makes to much money off this and they make the rules.
Mattie711, again this may help.
JN is not allowed to be involved on the BOD or any part of an OTC but is allowed to advise and even be the debt financier so long as his name is not of record on any OTC filings. If his records are sealed he likely paid a fine to squash any charges. Sealed usually means NO charges.
If you are banned from ever eating at Tony's pizza for robbing it and lighting the place on fire, you are still allowed to have your friend buy you a pizza from Tony's using your money. The ban is not blanketed so it won't follow the one punished to every aspect of life.
It just applies to specifics. You can't stop someone from doing what JN is doing the same way being banned from Tony's pizza makes it so you can never eat from there again. You just have to have others help to make it happen. Same with OTC's.
Jimmy is JN's pizza delivery boy! TA DA!