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Stipulating to the concept that poor Georgie boy is most probably out for a monetary award settlement analagous to GREENMAIL, I am inclined to think that IDOI will make the payoff to rid itself of this persistent pest rather than go to the civil courts of California to defend itself.
The discovery aspect in the pre-trial phase would be potentially embarrassing (understatement) should plaintiff's lawyer know what s/he is doing with sharp interrogatories and depositions focusing on press releases and other Safe-Harbored publications of IDO Security, Inc. which might be shown to be inaccurate. Establishing a case of unsolicited promotional stock-buying communications should be a piece of cake.
Who paid the alleged $2.4millions for the late July 2012 investor awareness campaign?
Was IDOI a complicit participant in that summertime PUMP & dump?
If the July 2012 investor relations operation was a stock manipulation, would the SEC or a state regulatory authority investigate and possibly prosecute the participants under RICO or fraud statues?
IDOI is probably up to Pinocchio's nose in the PUMP & dump operation as a stock-selling operation. All IMHO.
Well, sir: It must be! All IMHO.
I believes that youse have grasped the meat of the presentation.
That one company, with the same stock symbol ticker (?), over a period of twenty (20) years continues with its underlying fundamental business plan of SELLING SHARES has to be a rather pregnant piece of evidence that the stinking pinkies are a successful, profitable growth industry in the Amerikan financial servicing industry. And, further, that the regulators have had at least ONE THOUSAND WEEKS of time to make determinations about the accuracy of fluffy press releases accurately reporting the operations of the company! All IMHO.
Not to toot my own horn, moi righteous Renee, but if youse track my IHub posts youse will discover that I have been alerting readers about the investment game nature of at least two (2) OTC BB USA companies over several years.
Given that history, I have been persuaded that posting facts, presenting logical arguments, and making valid judgments do not deter the innocents, the newbies from taking a speculation in the sewer. Connecting dots does not override greed.
That is why the fallback position is so important. When the default option is the SEC/state securities regulators and they appear to be lazy, asleep, incompetent, or some combination thereof, the honest investing public is in trouble. When Bernie Madeoff with $67BILLIONS of Other Peoples' Money and neither the SEC nor any other regulating agency had a clue, what is the basis for faith in bureaucrats working in the public's best interests? All IMHO.
With respect, and deferring to your superior experience and knowledge with matters SEC, youse could be correct in your assessment. Bureaucrats need time, bureaucrats like time, bureaucrats want time; time is a delaying mechanism ---> maybe in time the problem will just go away.
Given the fact that I have no idea how long the SEC had been investigating/pondering its suspensions it announced Monday last, I am in quicksand here. But I insist that suspending trade in a company's shares on the eve or in the dawn hours of a new PUMP & DUMP manipulation should be feasible. A suspension should not be made without any evaluation; a suspension should not be made on suspicion. A suspension should be made in accordance with the laws, regulations, rules, and policies of the regulator. That a company issues press releases that do not ACCURATELY report the company's operations seems to be a firm foundation upon which to suspend a stock. I submit that a good and competent regulator could make that determination in a couple of hours by looking at press releases and comparing them to SEC filings. All IMHO.
Moi belle Renee:
Youse be too optimistic and righteous on this issue.
Don't ever forget that white collar crime is a growing, profitable business! The momo players depend upon PUMPS & dumps for their livelihoods. Gullible, greedy gamblers salivate when the PnD gets rolling.
Regulators do not seem to want to get in the way of moving trade traffic. Very little sign of proactivity; reactivity is always very late, if ever.
Bring back the bucket shops! Can't get much worse than the current actions. All IMHO.
Did the company issue a press release in close proximity to the time of the start or during the tout itself?
If a press release was broadcast, was that pr accurate in depicting the operations of the company?
If an inaccurate press release was published simultaneous with a pumping operation, would the SEC have been alert enough to investigate the prose in the press release and compare it to the most recent SEC filings? On a basis of lack of accuracy of reporting company operations, perhaps the SEC could suspend the trading of shares of the company's stock! All IMHO.
True believers of the shoe magazine as a useful detection tool for today's security challenges have already swallowed the cool-aid.
That the SEC suspended trading in companies's shares last week on the basis of company press releases that did not accurately report company operations is a warning to the PUMPERDUMPERS trading in the real world. IDOI is a PUMPERDUMPER. Is IDOI on the SEC radar for press release accuracy? I do NOT know. Should the SEC be investigating IDOI's press releases for accuracy of reporting company operations? Probably.....but that is all IMHO.
Let's step back from the prosecutorial aspects of this discussion because we have agreed to disagree on first steps.
Can we just consider the opportunity to stop PUMPS & DUMPS by persuading the SEC to suspend trading in companies' shares when a PnD is in process? Like invoking the precedent from this past Monday where suspensions were declared sometimes on the basis of lack of accuracy in company press releases regarding company operations. Surely, since the playbook usually included a company-issued press release along with promotions, investment awareness alerts, and other incitements, competent regulators could suspend trading and probably stall or halt the PnD manipulation. The tools are there, short of absolute guarantees of obtaining a conviction, to impede, disrupt, or otherwise challenge PnDs in the interest of protecting the honest investing public from scoundrels skinning suckers. All IMHO.
d
Nice invocation of The Oracle of Omaha's operational due diligence guideline:
INVERT
Invert
invert.....
All IMHO.
Philosophically, we can argue about the proposition that 99 guilty people should be able to escape justice rather than hang one innocent person.
Ideologically, we can discuss obtaining an important conviction of a fraudent manipulator as a deterrent to other white collar criminals.
But reality informs us that your position is rather weak and only excuses regulators from protecting the honest investing public because of political or other reticence to perform their assigned duties. Losing a case does not impugn authority! Failure to bring cases crashes credibility.
Laws, regulations, policies, and directives are only as good as their enforcement. And the white collar criminals who manipulate stock prices, companies, and financial matters know that neither the SEC nor state security regulators are aggressively policing, investigating, enforcing their mandate. Your carefully considered proposals might aid in mucking out the stables. All IMHO.
And how long would it take for a sharp reader, not necessarily an attorney or a CPA to match press release rhetoric with SEC filing fiction to determine that the published material is not accurate?
While I grant you that many readers and posters of this message board are very experienced in detecting deceptions and inaccuracies, a couple of hours of intense due diligence by any competent employee of a regulating agency should make the discovery, too. All IMHO.
Hey Sam I Am....
Does youse get a bit suspicious when a non-reporting company, like one classified PL by the OTC, files an 8k and then a PUMP & DUMP manipulation gets rolled out?
Not being a conspiracy theorist, but one has to wonder which came first:
A. The 8k drafting and filing? OR
B. The planning for a PUMP & DUMP campaign by the the white collar criminal syndicalists?
In either case, where is the SEC? The state securities regulators?
ASLEEP! All IMHO.
PROPOSAL FOR SEC SCRUTINY AND ACTION ON PUMPERDUMPERS:
1. When a PUMP & DUMP play in on and the SEC is alert and awake, the SEC investigates if a company press release has been published as part and parcel of the manipulation to accompany the promotion and other incitements.
2. If the SEC discovers a less-than-accurate company press release has been published in conjunction with the PUMP & DUMP, the SEC suspends trading in the company's shares citing the lack of accuracy in the press release of the company "reporting" company operations.
3. The SEC begins investigating the company for fraudulent practices.
4. If there is sufficient evidence of fraud, the DOJ begins a prosecution by bringing a case(s) in civil and/or criminal court(s).
A systemic approach seems to be needed if the SEC is going to fulfill its mandate to protect the honest investing public from the white collar criminals who manipulate share prices as a profession. The suspension route may be quicker than the cease-and-desist pathway. All IMHO.
When you don't like the message, kill the messenger.
On Monday last, the SEC issued an order suspending trading in the shares of seventeen (17) companies. Sixteen (16) of the seventeen (17) were cited on the issue of the accuracy of the reports on their operations in their press releases. That message seems to be that the SEC will lift the veil and look into what some companies might be publishing under Safe Harbor laws which have previously been almost grants of immunity from oversight and regulation.
Since the accuracy of IDO Security, Inc.'s press releases have been suspect as depictions of IDOI's actual operations, could IDOI soon come under the scrutiny of the SEC?
Of course, the real danger to IDOI's stock manipulators is that the SEC might actually suspend the trading of its shares when IDOI issues another deceptive press release as part of the promotion and investor awareness campaign during IDOI's next PUMP & dump play. All IMHO.
The SEC link provided yesterday did contain SIXTEEN (16) companies whose stocks were suspended from trading. AER Energy through Zamage Digital.
In the message posted, readers were informed that there was a sequential listing, too. The complete link is http://www.sec.gov/litigation/suspensions/2012/34-67869-o.pdf
and reports on Freedom Environmental Services suspension.
The mathematics involved is simple adddition:
16 + 1 = 17. QED
Sorry to hear of the passing of Hopeful One.
Our sincere condolences to his family.
Putting his faith in Da Boyz, especially Ray, was misplaced trust. I infer from the Goldrusher post that eventually Allan saw the light and learned that NVXE/NVEI/RSMI was always a scam run by scoundrels to skin the suckers who speculated in the sewer. All IMHO.
Please try this SEC link:
http://www.sec.gov/litigation/suspensions/2012/34-67868-o.pdf
Also, the sequential 67869 notice.
In the first link, if youse peruse the first company suspended, AER Energy, youse will find the reference to accuracy of press releases about business operations.
Thank you.
Isn't FINRA the self-regulating arm of the financial services industry?
Business is good. White collar crime is a growing segment of the American economy. Why would FINRA, which is primarily an a$$-covering operation, halt anybody's money machine?
Roll on, roll on.....harvest the lucre. FINRA, the SEC, the DOJ, state regulators ain't gonna interfere too much while the toxic financiers, stock manipulators, and others are raking in coin. All IMHO.
Tell me that my ticker and my chart are malfuncioning for the rsmi corpse today.
The handle, assuming every share was traded at $00.0002, was 321 toilet tissue certs x $00.0002 = 6.5 CENTS!
Very small accummulation at a very small price. All IMHO.
The probability of that happening is about at the same level as replacing Wall Street with crowd-funding! All IMHO.
I concur.
As far as the SEC is concerned, artificial (machine) intelligence certainly surpasses somnolent human efforts. All IMHO.
The SEC has suspended some seventeen (17) companies from trading in an order issued today.
One of those suspended companies seems to be suspect in the accuracy of company press releases relating to their business operations. Now if that all of a sudden ACCURACY became the Standard of the Industry, the OTC would dry up and blow away.
How would IDOI fare if anybody opened the curtain and went beyond the Safe Harbor protections laws to check on the accuracy of Pinocchio's press releases? Ain't gonna happen. All IMHO.
When Congress, undoubtedly at the bidding of the financial services lobbyists, enacted laws to Safe Harbor those lying propaganda messages in the Pavlovian interests of stimulating salivations and wallet-opening by the gullible, the inaccurate press release became the standard of the stock manipulation industry.
That anybody dares to lift the veil of that sanctuary is a positive change. Now if we could just get the DOJ to prosecute for fraud, we might start down the correct path. All IMHO.
Since white collar syndicated crime is a growing industry, that the SEC is doing something beats them doing nothing.
Anybody want to venture a guess about what percentage of racketeer influenced criminal organizations have been touched by the SEC in 2012? Is it closer to 1% or 5%?
Way to go SEC! Youse suspended a few gnats, but the elephants are still scamming the suckers. All IMHO.
ORGANIZATION youse keyboarded. "Organization" as in a stock-manipulating corrupt syndicate that should be investigated and perhaps prosecuted in accordance with the intent of Racketeer Influenced Criminal ORGANIZATION or RICO laws of the United States of America?
Youse gots to be funnin' with us. Whom gonna do dat? Probably nobody. All IMHO.
Very nice job of PAINTING THE TAPE yesterday.
Timing was nearly exquisite. At or about 2:45PM on Friday afternoon, the last trading day of the trading week, IDOI showed a nice jump to close at a very acceptable price level, higher than it had traded for much of yesterday.
This PAINTING OF THE TAPE exercise is observed quite frequently with IDOI and is another deception being perpetrated on the market and honest investors by the manipulators of the share price of this speculative sewer stock. All IMHO.
Who knows the current status of poor Georgie boy's civil suit in the California courts against IDOI?
Did he ever get his preliminary injunction?
Or did IDOI and its financiers pay off poor Georgie boy with the equivalent of GREEN mail?
If that suit ever gets to the discovery phase and the interrogatories start followed by depositions, the story could easily unravel and reveal that IDOI is nothing more than a PUMPERDUMPER. All IMHO.
Believing in the fluffy press releases protected by Safe Harbor Laws could be dangerous to your financial health.
Whatever IT is, I doubt that it will do much for the shoe magazine.
Is "homework" the same as due diligence? DEEP due diligence reveals that IDOI is just another run-of-the-mill OTC BB USA investment game designed to remove coin from the greedy gullible gamblers and deposit it into the bank accounts of the crafty manipulators who are running this gig.
IDOI is a PUMPERDUMPER! All IMHO.
Great Post-of-Hope, Jimbo.
Somehow, I thought that GE (General Electric) was a real manufacturing company. Are they going into the toilet tissue cert peddling sideline business now?
And that bomb technology of which youse prophesize, who is developing it for IDOI? Abracadabra Innovations of Fullerton?
Since Q2 of 2013 is not quite around the corner, youse must be providing inside information from IDOI. Are youse an IDOI plant on this message board to disseminate non-public promotional information? Or did youse just make up the entire story and post it because youse thinks youse be entertaining the readers here.
While hope may be a psychological tool for self-preservation, it is a rather weak base upon which to establish any investment. All IMHO.
Oh yes it will!
In our current irresponsible, unaccountable, corrupt financial industry, all youse needs to stay in the business of peddling toilet tissue certs on the OTC BB USA is a valid stock symbol.
No reporting.
No audits.
Nothing!
The OTC-designated PL - Pink Limited tier is alive and shares are trading of long-dead, moribund, stinking pinky corpses.
Go IDOI!
Line up a new cast of investor alert professionals.
Hire the best promotional hypsters the OTC has to offer.
Then, run another PUMP & dump operation.
Gleaned some insights which suggest that the companies being touted do participate by issuing shares to "third parties" who make those shares available for the promoters and others. Anybody know if Faith Capital and Pentium fit into the "third party" categories as channels for payment?
DECEPTION SINCE INCEPTION. All IMHO.
Congratulations on opening a new message board on IHub!
To alert people about the real world at different levels sounds like a challenge. Best of luck of performing a needed civic duty.
But, as a cautionary note and not to dampen enthusiasm or interest, most folks are too busy just trying to get through the day to pay much attention to anything other than the basics of life. To disturb their somnolence or to stimulate them to think seriously about financial chicanery and to jolt them towards reality like the morning jolt of caffeine-loaded java seems to do, may be dangerous to their mental health. Too many people choose to live their lives in ignorance and denial; it makes it easier to cope with the everyday challenges. All IMHO.
Some suggest that Wall Street is bigger, hotter, and more convenient!
Since few, if any, of the perpetrators of the frauds which led to our Great Recession have been prosecuted, convincted, sentenced, or sanctioned with long prison sentences ---> why bother to move to Barcelona and learn Catalon to make coin when the avenues of opportunity seem to be open right here in Amerika! All IMHO.
Private Stock!
Crowd-Funding!
Let's bring back ye olde bucket shoppe.....
Looks like the financiers are back in control while the SEC watches from its bureaucratic sinecure.
WAKE UP FOLKS: Nobody is watching the hen house, but the financier foxes. All IMHO.
Only one question, Sam I Am:
Do these secret clubhouse chat rooms serve as the communications centers of white collar criminals who are syndicating their stock manipulations into successful PUMPS & DUMPS?
If so, then the lazy investigators and regulators are passive in their activities and reactive in their actions.
What is really needed are agents and agencies dedicated to eradicating white collar crime in our financial industry. RICO laws are available, but not used.
The truth seems to be that white collar crime is tolerated in this Amerika. Why do you suppose that the Wall Streeters are so anti-Hussein? Because they don't want anybody to write and publish, much less enforce, regulations stemming from Dodd-Frank legislation passed YEARS ago to regulate their game. All IMHO.
Thanks for the advice and the tip, sir.
I would need a lot of education about these new-fangled creative investments before I'd step into that stream.
My energy investment is still rather pure and simple. Right now I like refining because existing refineries that are productive and profitable cannot be duplicated ("replaced") at any reasonable costs. And there aren't many new petroleum refineries being built in the USA. All IMHO.
If "the product" is the shoe magazine, it is a metal detector.
My research does not turn up any paste-making capabilities for IDOI's premier ancient-technology metal detector.
Is the shoe magazine changing from being a security device for detecting metal objects to a paste-making operation?
Since TSA has tested and rejected IDOI's shoe magazine as a useful passenger screening device at airports, perhaps the lone Israeli employee has discovered the paste-making potential for this otherwise nearly worthless device. All IMHO.
There was a nice multi-step PAINTING OF THE TAPE job for IDOI this afternoon.
The manipulation may give the false impression about the trading of the toilet tissue certs, but it provides data.
When such a green paint job is executed on the last trading day of the first week of trading in a new month, youse gots to rub your hands together and proclaim: "Way to go, IDOI; youse deceived 'em again!" All IMHO.
But ---->
1. Do they still have a stock symbol?
2. Are they trading?
Falling off the edge of the earth does not a delisting make.
All IMHO.