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But isn't this typical for what the concept of ACCOUNTABILITY has devolved to in our Amerika.
The SEC is the national government's regulator charged with protecting the American investor from fraudulent activities in the securities and exchange business. But they are NOT responsible or accountable for notifying the public when reports are delinquent or not filed. That administrative act passes to the OTC BB USA.
The OTC BB USA has its own rules and chooses which companies are quote eligible. If a company is to be quote eligible, it is required to report. Rather than sanction the company or to notify the public directly, the OTC BB USA simply reclassified the non-reporting company as a pinky with the Pink-Limited tier designation. Since the company was not quote eligible, FINRA which is the industry self-regulator did not append the "E" to the stock symbol.
Thus, it is correctly concluded that the company was not sanctioned, not delisted, not dinged; it trades without the "E" attachment and nobody cares if they report, reported, or will report.
Accountability? Responsibility? Protection of the Investing Public? Not really evident in this case, eh. All IMHO.
During our last Gilded Age in America, a Euro-centered observer remarked to the effect that nowhere in the annals of history is there a story of a rise of prominence of a nation that went from the barbarism of the Law of Tooth & Claw to decadence of another version of the Law of Tooth & Claw in so short a time without ever being brushed by the taming effects of civilization than the United States of America.
Are we seeing the return of a new Gilded Age in Amerika complete with an updated ideology of Social Darwinism? Let's run with crowd-funding because it is so simple, so pure, so righteous; it is capitalism stripped clean by the purifing powers of laissez-faire unpolluted and unregulated marketplace economics. Let's give the smallest businessman access to money so that he can build business empires and put people to work. Instead of Andrew Carneige as our XXIst Century role model, let's select Bill Gates. All IMHO.
Uncle Miltie, youse seem to be forgetting, this is business, not applied ethics. As Mark Twain remarked about our last Gilded Era, America is all about making money; make it honestly, if you can; but make it dishonestly if you must.
Why would Pinocchio shut down this gravy train? He is only the puppet performing as his toxic financier puppet-masters command. As a thespian ceo, he hasn't got the authority to do much other than perform to his employers' expectations.
Even if it was declared insolvent, IDOI could still trade in the sewer. As long as it possesses a valid ticker symbol, it will draw marks and extract coin. Selling toilet tissue certs is a good business model, especially when nobody really cares what is going on with the enterprise. Bring on crowd-funding! Here comes another opportunity for IDOI. All IMHO.
The myth is that the American capital-raising industry was initiated at the corner of Wall and Broad Streets on the Isle of Manhattan. There was no SEC; there were no registration fees; the legal fees were minimal. It was salesmanship on the curb.
Our current crop of regressives who have captured the Government of the Plutocracy party probably would like to have a completely unregulated marketplace with a global clientele through the modern Internet using supercomputers.
Why not just substitute crowd-funding for the entire financing system now so bureaucratically weighted-down? A free and open pure Adam Smith laissez-faire marketplace using high frequency trading algorithms and supercomputers over the Internet. Settlement is an after-thought; what we need is action.
Let's go! Trust the hedgies and the penny manipulators. Let's raise funds so that small businesses can create jobs, even if the jobs end up being boiler room stock promotional labor. All IMHO.
Different strokes for different folks.
Unlike Don Quixote, some of us learn the hard lesson after dueling with windmills. The SEC just doesn't seem to care about sewer stocks trading on the OTC. FINRA is a self-regulating joke. The state security regulators defer to the feds. Congressional legislation gets put on a shelf, ignored, or delayed before even applied; Dodd-Franks is how old? They are still not publishing regulations years after its enactment! Nobody wants to muck out the stable. All IMHO.
Thank you for characterizing my posts as whiners, better than weiners, but not as good as Wienners.
As far as educating others, I gave that up five (5) decades ago; people don't want to learn. As Mencken once remarked, Americans would rather die than think, and most do.
What I have been doing, including here on IHub, is trying to at least alert, if not warn, the newbies and the innocents that there are scoundrels out there looking to scam suckers. Not that many heed the alerts or consider the warnings. Too many gullible greedy gamblers throw their money on the mat before doing any inquiring, much less deep due diligence. After awhile, it gets old to read about how fraud persists.
It is fun to read and post here, though. The community seems interesting, if divided. I first learned about floorless debentures as an instrument of destruction from a frequent contributor here who posted a warning, too late as it turned out, on another IHub message board. The inevitable Death Spiral ensued and company is probably insolvent, but still trading. LOL! All IMHO.
And unctuous honors belie notoriety in our world, where having money, trophy spouses, mansions, foreign automobiles, and all of the other material trappings allow the amoral and immoral to become role models while good connections and competent legal advisors maintain their freedom to flaunt instead of being prisoners serving time for their white collar crimes. All IMHO.
Wasn't that the approved formula for living in the XIVth, XVth, and XVIth centuries all under the auspices of the dominant (only?) Church authority in Europe?
Then somebody named Martin Luther nailed a list of objections on the doors of a church in Germany. One of his specific objections to church policy was the selling of indulgences. The Reformation ensued.
So now we are back to stealing, giving a portion of the proceeds to charity, and obtaining absolution from the public at large? Surely some of these charitable contributions must be flowing into the coffers of some religious charities; but now, maybe instead of absolution, the religious charities offer honor, praise, testimonial dinners, and the like. All IMHO.
It is true that everyone can create their own lexicon. Words mean what the readers believe that they mean.
Your legend fits the underworld of white criminal criminals who parasitize the financial and economic systems that operate locally, regionally, nationally, and globally.
DD = Insider advanced alert that a manipulation is going to take place.
Gem = The play that is going to be used to manipulate share price.
And even when the conspirators organize into a syndicate to carry out the manipulation, the watchdogs are either asleep or unwilling to apply the Racketeer Influenced Criminal Organization laws provides to address the fraudulent operations! All IMHO.
Crowd-funding, like mob-shopping, is a hip thing to do in this crazy, busy, cyberspace technological world.
Have some fun; investing is not as important as making the social contacts and social interactions.
It is not reality; it is the world of the absurdity of surrealism. Who needs the SEC? State securities regulators? Protection of the investing public? Establish and maintain a reliable, level playing field? NO! Just facilitate the scoundrels scamming the suckers! JOBS> what a joke! All IMHO.
Supposedly, lawyers are Officers of the Court. Integrity is taught in the law schools of America.
Do you reckon that when a lawyer is admitted to the Bar and is issued a license, integrity and responsibility to the law go out the window? I know, I know ----> every calling has a few bad apples. Why are attorneys so susceptible to the temptations of evil and become handmaidens to the scroundrels who are scamming suckers professionally?
It has got to be the easy money opportunities. All IMHO.
Is the market not believing the deceptions being promulgated by IDOI?
How many China tenders that don't produce measurable, reported revenue can the market take? Piling on with an Austrian tender seems to lead to scepticism, not enthusiasm.
How are those technological improvements going with their various accomplices? Emission? New terahertz body scanning devices? Are they going anywhere, or just more Safe-Harbored deceptions?
And while there is always HOPE, hope is not a firm base to make investment decisions that might morph into extended bagholding sagas. All IMHO.
Reread your post. Source seems to be a company pronouncement, not a scientific paper open to analysis and criticism from the assembled conferees at the Milano Congress on Pain. Are you going to source your message? Where is the link?
And my frictionless perpetual motion machine might be efficacious, efficient, and economical in the worldwide transportation industry!
"May be" reads like one of those Safe-Harbored future projections. All IMHO.
Is RSMI INSOLVENT?
If RSMI is indeed insolvent, how in the world is it still trading, even with the OTC designation "PL"?
What am I missing here? Just exactly how corrupt is our financial market situation? Something is putrid here; could it be RSMI and its Cupria-doggie poopria rhetoric? Hope somebody out there can clue me in, soooooon. All IMHO.
And the source for this declaration is?????
Company rhetoric protected under Safe-Harbor laws or newspaper report from a reliable writer? Something else????
Such reports from a Phase 2 study neither guarantees a Phase 3 clinical trial or much of anything else without some bux be attracted to co-venture, partner, or just finance further studies.
All IMHO.
Link please.
Was this a poster presentation or an actual paper presented in a scientific session at the 14th Congress on Pain in Milano?
Makes a difference; if it was a poster presentation it can be viewed as publicity. A paper presented at a scientific session has much more prestige.
Your link and clear answer to the type of presentation will be appreciated. Thanks.
Shall the readers of this message board now conclude that IDOI is partnering with a new accomplice to enhance the shoe magazine with Terahertz laser scanners? Is it going to be model B?
Is that potential partner Bztre Haret, the noted Israeli scientific applications developer?
WOW, that is really good news orrumor! All IMHO.
Jurisprudence is one thing; politics is quite another.
Obviously, in this once-great nation, somebody with clout has worked the system to allow insolvent companies to continue trading. Could be the same people who convinced the Supremes that corporations have First Amendment free speech rights which increase their influence by allowing the plutocracy to create Super PACs and have their way over the corrupt political system. Hooray for "Citizens United!" Their message is clear: We want unfettered, unregulated laissez-faire capitalism where we control the market forces and rape the system; don't youse go messing with our gravy train.
Since we don't live in Utopia, we will be impacted by the greed and power of the predators in this society. Among those greedy and powerful are the toxic financiers. It has been my experience that they manuever to gain ultimate deniability by becoming puppet-masters who pull the strings of their puppets who appear to be the active mismanagers of these shells while actually maintaining absolute control over all decision-making operations. All IMHO.
Today's PAINTING THE TAPE was another artistic masterpiece for IDOI and the paint crew.
PAINTING OF THE PAINT is a deception played to make it appear at the close of the trading day that the share price was soaring. When it appears too often, it becomes patterned
behavior, right out of the pennyscammers' handbook.
Anybody out there in cyberspace who is a chart reader discover the PAINTING OF THE TAPE patterned behavior of the share price of IDOI? It seems obvious to this observer. All IMHO.
Thanks.
But Bob Dylan came out of the MinnieHoTa Iron Range Country.
Your home region, eh.
What have youse got against Bob Dylan, anyway. Maybe youse bought something from his dad's store and youse are taking it out on one of America's popular troubadors. I admired his creativity and musical skills. All IMHO.
Hold your horses!
Is this the same Jerold Rubenstein who is both a CPA and an attorney? He ain't reckless at his age to endanger his well-earned reputation.
Is this the same Jerold Rubenstein who serves on the Board of Directors of Carl Jrs?
Better dig a little deeper before throwing away a Rubenstein of any stripe. All IMHO.
THOSE WHOM THE GODS WISH TO DESTROY they first label them as promising.
For how long has IDO Security, Inc. been labeled as a promising company?
As far as promising goes from the IDOI standpoint, they have been over-promising and under-delivering for the shareholders other than the insiders. Among the benefiting insiders, include the crafty financiers who are the puppet-masters for this investment game.
Why are the shares of IDOI trading below the post-REVERSE split First-Day-of-Trading-as-a-REVERSE-split toilet tissue issue?
Maybe because the PUMP & DUMP play for this round has ended and the Death Spiral to $00.0001 is the next scene in this investment game theatrical event. All IMHO.
Good luck and stay long on your new investment. Simply stated, we ain't going away from petroleum as our primary fuel source for a century. If youse can find it, explore its potential, develop it ---> youse and your children and your grand-children will have a reliable income-producing, appreciating asset. All IMHO.
Has anybody in the halls of criminal justice, the religious community, the psychiatric game, or the mental health system ever determined to what aspect of abnormality that the Right Reverend B. Minkow is addicted in this world? Somehow, I have to lean towards the proposition that he exists to test the limits of whatever it is that he chooses to engage in at any time. Is there a psychiatric term for behavior that encompasses Pushing the Envelope? What a challenging and unique personality! All IMHO.
U B behind the times, all right.
IF youse writes a B I G enough check as a proper tuition or donation, youse can just about get anything youse wants. Diploma Mills LIVE!
Why should bible colleges be exempt from being on-the-take?
The feds seems to be making a fuss about profits vs. non-profits in the educmacaious game, meanwhile the ersatz degree printing presses work overtime granting paper certs of dubious denominations to those who would flatter their ego and boost their self-esteem by amassing those distinctive credentials. All IMHO.
Doodah, Doodah...
RSMI does lie on the sea floor,
While somebody buys more.
G'wan to run some day,
Gonna make some hay.
Meantime, the corpse is still dead...
Ain't nobody getting ahead.
Doodah, Doodah...
All IMHO.
TSA has awarded Research and Development funding to the Frogs!
IDO Security, Inc. would probably not know what to do with R&D monies, except to pocket them, eh.
The shoe mag failed TSA testing. TSA would rather send the bux to the Eurowimps rather than funnel it through the broom closet on Manhattan Island to Eretz Yisroel where IDO Security's lone employee in its Israeli subsidiary shrivels away awaiting something useful to do? What a joke! All IMHO.
Actually, aside from the intersex aspects, the concept of a chimera is rather intriguing.
In the featherless biped species, chimera often is the result of a fusion in utero of fraternal twins. Instead of being able to carry two (2) embryos to term, the mother's incubator system causes the fusion of the twins into one developing fetus which results in the delivery of a chimera.
Chimeras are viable people, screwed up in the head in too many cases, but, nevertheless alive and staying upright, and taking nourishment. Ah, sweet genetics. Not as exciting as running a scam, maybe, but so intellectually challenging. How do I know? Youse don't want to know how much we "invested" in the applied genetics labs at UC Berkeley trying to engineer a perfect vegetative specimen; the results were very disappointing. After intial promise, the development failed and we produced an expensive genetically-engineered UCB-1 loser. All IMHO.
Another big day for RSMI!
Total handle was $2.19.
WHERE IS THE ACCUMULATION BY THE PUMPERDUMPERS?
Don't tell us that they aren't interested in reanimating and "running" an investment game using the RSMI corpse. But their efforts, so far, have been so feeble, so amateuristic, so ineffective, that they are laughable.
Success in the real criminal underworld of stock manipulation may require professional pimps promoting through widely-disseminated e-mails and aided by company press releases timed to coincide with the PUMP. All IMHO.
It appears to this observer that the PAINTING OF THE TAPE job was completed a little earlier than usual for IDOI today.
The share price had returned to the REVERSE-split price at the time of the REVERSE split, but somebody seems to have bumped it back up so the closing price didn't look too bad. Nice share price manipulation for yet another deception. All IMHO.
Thanks for the advice.
Redacted and reposted here as Post #30319 for interest and preview purposes.
Testing the Eade allegations. All IMHO.
Please see my post #30319 here.
Anxiously awaiting your Part II of your report tomorrow. Want to see if the Jacobi "Invert, invert, always invert" postulate as adopted by The Oracle of Omaha is a key to IDOI.
If the bright folks with the keen minds here can use your methodology to discover the operational control at IDOI, perhaps the SEC could be awakened to look at the results. All IMHO.
IDO Security, Inc. was founded in the aftermath of the tragedy of 9/11 which might have been averted had the CIA and FBI and other security entities been able to connect the dots.
IDOI was flogging shoe magazines to detect metal for use in screening airport outbound passengers. The technology was ancient and the results have been disappointing. In fact, the TSA which also was formed as response to 9/11, has virtually abandoned metal detection apparatus in favor of FULL body scanners.
.....Providing equipment for security screening was never the true business plan for IDOI. The only reason that IDOI exists is to peddle toilet tissue certs on the OTC BB USA! IDOI is a stock-selling enterprise designed by scoundrels to scam suckers. The SEC which is charged with regulating the U.S. securities arena cannot connect the dots, either. IDOI is a sophisticated investment game run by expert financiers who are experienced in fleecing the investing public. IDOI is a PUMPERDUMPER.
IDOI = Deception since Inception.
All IMHO.
Read the allegations in the Eade suit. Not opining that they are truthful, but they are allegations. All IMHO.
Excuse me for interjecting, but IYO, would be the proper venue/forum? The FCC?
Isn't it bad enough trying to get the SEC to delist non-reporting pumpadumpers without getting the FCC to allow freedom of expression which includes adverse opinions contrary to the position/ideology/bent/flavor of a board moderator on IHub!
All IMHO.
An alternate scenario might be that they hold an auction to claim/purchase those monickers.
The bestest names go at the highest prices and the scumbags who ply their scams in the OTC BB USA sewer end up with the cheapies which also may be poorest in presentation.
Here is a list that you might contemplate and guesstimate at which end of the spectrum that these twenty (20) occupy:
Norman Adie
Lou Pearlman
Ephren Taylor
Buddy Persaud
Tony Young
Allen Stanford
Scott Rothstein
Daren Palmer
Peter Lombardi
James Paul Lewis, Jr.
Paul Burks
J. David Dominelli
Trevor Cook
Bernard Madoff
James Davis Risher
Joe Forte
Tom Petters
Gregory Nathan
Moshe Leichner
Dennis Herula.
Do those names, on their face, portray a Rogue's Gallery that send out warning signals of impending financial dangers? Or are they mostly prestige names cloaking sophisticated, if toxic, financiers!
"A rose, by any other name, smells as sweet." On the other hand, a conman, by any name, stinks to High Heaven. All IMHO.
BTW, do you have any sense that many readers here had purchase of the meaning of "offal" and thus gained the entry threshold of comprehending the irony of the the label "Offal-Stocker Scam" as being lost on the vast majority of the population, especially those greedy gamblers who jump into the pumpadump at the first stimulation without doing any due diligence or questioning. TIA.
"If men were angels, we would not need government." With the OTC BB USA sewer being habitated by non-angels, it seems to me that we need strong government, strict regulation, genuine enforcement, hard-nosed prosecutions, and sanctions/punishments commensurate with the white collar crimes. All IMHO.
To penetrate these scams, it is more than necessary to merely lift the veil used to hide the schemers.
It has been our experience that many of the scams are perpetrated by toxic financiers who become puppet-masters for the operations. Does your forthcoming Part 2 remove the overburden and uncover the identities, addresses, and other important data that pinpoints with very high probability the actual scumbags behind the fraud? The most sophisticated scoundrels achieve maximum deniability usually through off-shore connections. Unless your Report provides deep-mining paradigms, the real brains behind these scams will skate. All IMHO.
In the real world of economics, the Law of Supply and Demand seems to hold too true.
As long as there is a demand for unearned and undeserved riches untold, the conmen will provide a supply of scams.
The RICO laws are on the books. Instead of sending the white collar criminals to Club Fed after conviction, they should serve long sentences at hard labor. Right now, white collar criminals go to prison for post-graduate education in perfecting their skills as they have lots of time on their hands and convicted white collar felon convict neighbors to mentor and teach them new tricks.
I recall a small-time, but barely millionaire crook, who was convicted and sent to Club Fed where he learned from the best. When released, he relocated and became a multi-billionaire white collar criminal. As I recall, he died in Palm Beach in his nineties after living a very comfortable life on his ill-gained fortune.
All pure guesswork. Once the storms form, usually off the western coast of Africa, the meteorologists with their sophisticated computers, databanks, and software do a decent job of prognosticating and tracking. Before those storms are organized, your guess is as good as anybody else's. All IMHO.