He was looking for the Griswold's squirrel.

For $100 million, you would think they could afford matching chairs.

But I guess they really did put it all into the pastrami.

Since she is ultimately the "responsible party", do we really think she will hold herself accountable?

She really should have read the contracts she signed a little more closely.

NBRI is also a mega-scam/pump and dump. Has been for at least a decade. Every few years they come up with some new BS story to suck in an entirely new crop of suckers, dump a ton of stock on the idiots, and then go quiet again, just waiting for the market to forget what a scam it is.

Like clockwork. But as with most pump and dumps, the subsequent highs are never nearly as high as the prior pump, which means those sucked in on the prior pump never quite get the opportunity to sell to break even, much less a profit, so they hang on and never sell.

This is undoubtedly what PT and his cronies were looking to do with MXSG, but the SEC made sure that would not happen.

It is finally over. Mexus has been revoked by the SEC.

Shares are officially and forever worthless. They will never trade again.

I sincerely hope some people have learned from this debacle and won't repeat the same investment mistakes in the future, as that is the ONLY thing any investors can possibly receive from this pump and dump.

https://www.sec.gov/files/litigation/admin/2024/34-101996.pdf

Short answer is....yes.

The State of Incorporation matters. The Articles and Bylaws matter. Yet so many investors, even major investors, put a lot of money into companies, both public and private, without reading and/or understanding either one.

It looks like the company in question is incorporated in Nevada. That is an issue, as Nevada is well-known as the most management-friendly, and shareholder unfriendly, jurisdiction in the USA. Many investors won't put a penny into a Nevada Corporation for good reason, unless the Company's Articles specifically cancel many of the legal advantages Nevada provides management.

Without going into too much detail regarding the SEC, the answer to most of your questions is that the Company and its shareholders need to rely upon the laws of the State of Incorporation and the Company's own Articles and Bylaws. Those govern the day to day operations of the Company and what the Company's basic responsibilities to shareholders are, and what the shareholders can do about management and the Company itself.

Actually, they aren't. It is a common belief that teachers in the USA are poorly paid, but it is not true.

On an average salary basis, taking into account the exchange rate, the average teacher salary in the USA and Canada are almost the same. Starting salaries in Canada, however, do tend to be higher, though, but USA teachers are often paid for additional classes and certifications more often than in Canada, which quickly makes up the difference.

But, if you add in additional benefits (not including healthcare, as that is not applicable) such as retirement contributions, US teachers are actually compensated quite well compared to Canada.

For police officers, the USA pays as well or better. Especially today after the defund the police movement, where many jurisdictions have found it necessary to hike salaries and bonues, plus mega overtime, to attract and keep officers.

In a nutshell, the Court said that FINRA could not expedite Alpine's expulsion from the industry, but had to wait until the SEC reviewed and approved it. But at the same time, they declined to order the SEC to not expedite their own review. That part was OK. But all Alpine won was a delay - they are still going to be expelled, as the Court found that Alpine is unlikely to win on the merits of their case.

It is very funny to me to read these court decisions and dissents by lawyers against private regulatory bodies like FINRA, yet those very same court members have their own private regulatory body (The Bar Association) that in most cases wields similar, if not more, power than FINRA does. But, even those lawyers that want to dismantle FINRA close ranks and defends their own private regulator against the very same arguments.

Its BS. They can't have it both ways.

Once upon a time, Ticonderoga pencils were premium. Made in the USA and much, much, much better quality than the cheap imported pencils. They also offered the full line. At a time when most people were only familiar with the ubiquitous #2 pencils, they offered (IIRC) #1, #2, #2.5, #3, #4, and #5, in addition to plenty of specialty and art pencils.

Today, Ticonderoga is part of an Italian art-focused corporation, but in the 1980's, Ticonderoga was publicly traded on the American Stock Exchange. Back then, they were much more than just pencils and had 3 business units as a little conglomerate. About 100 years ago, Ticonderoga took their experience with graphite for pencils and started making crucibles for metal casting. They then expanded into other kinds of crucibles and high temperature industrial equipment. Their third unit was a chain of seafood restaurants in Florida. The company was consistently profitable, but the stock never did much. I don't know when it was broken up, but as was common with those 1960's style conglomerates, I bet the value of the units was greater than the whole as it makes no sense to be running 3 disparate business units with little synergy.

I am not sure about Stockmans, as I didn't pay much attention to him. I don't recall the name Bill Demorrow. Chelekis, however, was active at the same time as he began in the late 1980's on paid radio and through faxes, but didn't get noticed by many until later when he went to the internet.

Sure was. Seems like a million miles and a million years ago as things have changed so much since then I almost have a hard time remembering what the markets were like then.

Almost.

Nothing is coming. This is almost certainly end of the year tax loss selling.

COWI is effectively dead. And good riddance to this almost never-ending pump and dump. 4 strikes and you're out.

There is absolutely no question that Gayle Essary was the Waaco Kid.

https://www.thestreet.com/opinion/a-closer-look-at-the-waaco-kid-and-his-internet-gang-29923

Wasn't it the Waaco Kid with the extra "a"?

It was in the mid-1990's.

Atkins is a former SEC Commissioner who served under Pitt, Donaldson and Cox.

Although he is a small business advocate, he is also a strong supporter of individual investors and protections. I would be pretty damn surprised if he moved to roll back any changes to 15c2-11.

I expect that what he will do is formulate new regulations specific to the crypto markets and add new protections for crypto investors. Sort of doing to the crypto markets what the new 15c2-11 regulations did to the OTC - clean it up, mandate reporting and/or registration, or no trading.

Trump has nominated Paul Atkins as the new SEC chair. Clayton was nominated by Trump as the US Attorney for the Southern District of NY.

https://finance.yahoo.com/news/trump-nominates-cryptocurrency-advocate-paul-180734236.html

No, as that is standard practice for any research report, positive or negative.

And journalists often don't update their stories. Subsequent information and facts are often ignored and unreported, so maybe professional journalists and media outlets SHOULD include such a disclaimer.

Do they? The terms "fraud and misconduct" may mean something else to the insiders than it does to an outsider like Hindenburg.

In other words, the Company may be putting their best spin on the situation by claiming any financial issues were simply unintentional mistakes rather than fraud and misconduct, while others, such as the now former auditor and the SEC, may think otherwise.

Many of the companies that Hindenburg has covered also made similar claims which later turned out to be untrue.

These statements by SMCI do not mean the financial statements are correct. Since so many involved have resigned over them, there are clearly important issues that require resolution, and they are clearly material.

There is absolutely no legitimate economic benefit in 24-hour trading. None.

It is just a few hedgies seeing an opportunity to make money off of the gullible and stupid gamblers.

That is exactly what is going to happen.

23-hour trading is going to be trouble. Of the thousands of listed stocks, a few of the largest and most liquid may offer fair trading, but the rest will be very easy to manipulate with a few well-timed social media posts.

This is not going to end well.

First Around-the-Clock US Stock Exchange Wins SEC Approval

https://finance.yahoo.com/news/first-around-clock-us-stock-005757266.html

A startup stock exchange aiming to handle trades around the clock won a US watchdog’s approval to operate a venue 23 hours daily, five days a week.

24X National Exchange, which counts Steve Cohen’s Point72 Ventures fund as a backer, secured permission to start offering sessions that span the US daytime and later add overnight trading, the Securities and Exchange Commission wrote in a notice posted Wednesday. The plan would preserve one-hour breaks starting at 7 p.m.

Proposals to allow nonstop stock trading have split Wall Street, with proponents saying investors want more ability to respond quickly to news outside US market hours. Opponents have warned that the quality of trading may suffer from lower volume, which can make pricing less precise.

“The SEC’s approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years,” the exchange’s founder and chief executive officer, Dmitri Galinov, said in a statement. “Traders are most at-risk when the market is closed in their geographic location,” a problem that the venue will seek to alleviate, he said.

Following its proposal, 24X would offer three sessions that start at 4 a.m. in New York and extend to 7 p.m. Once it’s able to meet certain data requirements, the venue may add an overnight session from 8 p.m. until 4 a.m., according to the SEC’s order. The schedule would run from Sunday evening through Friday evening.

Off exchange, overnight trading has already become more common since the pandemic, with firms such as Robinhood Markets Inc. and Interactive Brokers Group Inc. enabling customers to buy and sell US stocks 24 hours a day, five days a week on Blue Ocean’s alternative trading system.

Underscoring the growing interest among trading venues to capture that business, the New York Stock Exchange recently filed an application of its own, looking to offer trading 22 hours on weekdays.

The SEC’s approval of 24X’s application drew swift criticism from consumer advocacy group Better Markets, which predicted it will harm investors and damage markets.

“Retail investors trading during an overnight session will be trading in a market where there are few buyers and sellers, and where prices will be more volatile and less favorable than during normal hours,” Benjamin Schiffrin, the group’s director of securities policy, said in a statement. “This means that, during overnight sessions, retail investors will only get the best prices in a bad market, thereby losing money if they had traded during normal business hours.”

I don't think today's charges even relate to anything Hindenburg even mentioned in their short thesis. Or if they did it was a minor part. But I have little doubt that Hindenburg has always been right about Adani - their claims are likely largely true as well.

There is a lot more to uncover. Just the tip of the iceberg.

Individual investors wildly overestimate the value of most every asset on struggling company's balance sheet. That is why they seem to believe they "will get paid" when there is absolutely no chance of that.

For retailers, it is certainly worse than most. They don't get the value of the intangibles, intellectual property, property leases, and facility improvements, which make up a large portion of most older retailer's assets, are all effectively zero. And then the inventory is worth, at best, about 1/3 to 1/2 of the carrying value, which is the other big portion of the assets.

If someone wants to take a gamble on a bankruptcy, a retailer may be the worst kind to try it with.

Believe what? The company is dead, and the SEC is in the process of revoking it.

https://www.sec.gov/files/litigation/admin/2024/34-101329.pdf

It's over. Period.

Anyone dumb enough to believe the complete BS peddled by PT and his cronies has lost 100% of their "investment". They took it.

Both Google and Bing are promoting their AI products with search results at the top.

It is quite annoying, mostly because their summary is often incomplete or focuses on minor points rather than the most important details. Anyone relying on those top of the search AI results will be losing out.

And even now, I have noticed some of those results are flat-out wrong. Less than it used to be, but the problem has not gone away. Garbage in, garbage out.

Most major media outlets are using AI to write stories. They are coy about it, but its usage has steadily increased over the last several years.

The AI is supposed to write a draft of a story, then a human is supposed to review it and edit it to make it sound "human". These companies have reasoned it is not cost effective to have a person write out the basic facts in a story, which has some merit. But frankly, the AI is not great, and the humans tasked with fixing those drafts are not doing a great job. For several years, the AP has used AI to write minor sports stories, most of which are not reviewed by a human before publication. They have been, and still are, awful. AI doesn't understand what in a game is important, so it often highlights unimportant action and downplays, or ignores, important points or plays. It also doesn't understand the terminology unique to each sport - it still has an annoying habit of referring to baseball and American football games as "matches", among others. It became really noticeable around 2022 when they started using it for minor league baseball games, then extended it to MLB in 2023. Awful.

But at least the AP has been transparent about it. Each story has denoted that it was written by AI. Many other media outlets are not so forthcoming.

15 years later, the SEC is finally taking out the garbage that is Spongetech.

https://www.sec.gov/files/litigation/admin/2024/34-101539.pdf

Doesn't matter. The law makes no distinction between their use of a virtual office and a real physical office.

If they claim to be headquartered anywhere in Canada and are only traded OTC in the US, they are subject to the law and are almost certainly required to be reporting to Canadian regulators.

Which they are not doing.

The OSC may be very interested in this one once people alert them to their existence and claims.

It is pretty obvious that release was not written by a person whose first language is English.

Red flags everywhere.

There is another issue. They claim to be headquartered in Toronto, but do not trade on a Canadian market. That almost certainly makes them a reporting issuer in Canada under MI 51-105, which requires them to report to Canadian securities regulators. But clearly, they are not which is understandable, as the Canadians would be all over their crap about the property faster than you could say "Qatar Royal Family".

Someone may want to forward those documents to the Ontario Securities Commission for suspected fraud. The Canadians take fraudulent mineral companies much more seriously than the US does.

https://www.osc.ca/en/about-us/contact-us

Clearly it is complete bullshit.

ANYTIME you see a "valuation report" on a mineral project it is fraudulent, 100% of the time.

Regulatory compliant, and scientifically compatible technical reports never "value" a mineral project, because not only is it prohibited by law, but it also is impossible because of the huge number of variables.

Is your question about mining stocks and finance, or about the physical process of mining resources?

The term "attempt at deception" is very vague and is very much open to interpretation.

They didn't say, or even imply, that their financials were accurate. Instead their statement really means their financials are still screwed up and inaccurate. if I were to guess, it involves revenue recognition. There are many different ways to do that, but almost certainly they recorded revenue in a period where it didn't belong, or did not record costs accurately. Or both.

They are still screwed, regardless. This won't put them out of business tomorrow, or likely ever. But they are really going to have to dig deep to find a new auditor and get those financials and 10-K filed quickly if they expect to avoid delisting.

Any company can issue shares as long as they do so legally under an exemption from registration (assuming they don't file a registration statement and register the shares, which is pretty much not going to happen with these sub-penny companies).

They are clearly delinquent in their SEC reporting obligations, and have no current audited financial statements. That eliminates them from utilizing a number of the most popular, and easiest, issuer exemptions. Which means the easiest, and quickest, for them to use will require them to limit their offering to only accredited investors.

There is NO hope here.

The SEC has already filed to revoke the stock. That is it. They can't come back from that, even if they were to file all the delinquent SEC filings before the deadline, as the crime has already been committed.

Once the stock is revoked, the stock can not trade anywhere. Even on the "expert" market.

Shareholders have lost 100% of their "investment".

People as stupid as that deserve to lose their money.

It is a wonder how these people even had enough sense to even earn the money they give the scammers in the first place.

NBRI is a bigger scam with a MUCH longer scamming history than even Mexus.

Don't people actually READ anything and do ANY DD?

NBRI just makes up crap year after year after year, none of which has ever proven to be even 1% true. The only thing true about NBRI is it takes shareholder money every single time.

Sorry, but that is not how it works. The SEC is REVOKING the registration. Once that happens, the stock is done. The shares will be legally prohibited from trading anywhere, even the so-called Expert Market. It will be done. Period.

All you money will be lost. Forever.

So sorry. Thanks for playing! Too bad you didn't learn the rules before you paid the money to play.

More lies? Carbon Conversion filed their S-1 9 months ago. Not a single filing since.

If they aren't careful, the SEC will revoke them for failure to file.

Don't be so foolish. NO one is shorting a sub-penny POS like COWI. What is the potential profit on a stock whose entire market cap is a few thousand dollars?

Get real. See the forest for the trees. It was a scam, and instead of being angry at those that scammed you and took your money, you are angry at the person that told you it was a scam LONG ago which you should have listened to and saved all your money.

You are pointing fingers at the wrong people. Lloyd Spencer and his toxic lender friends scammed you. You should be concentrating on them, not at the person that was right about you being scammed.