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Updates on the class action lawsuit against Longtop Financial Technologies:
http://www.americanlawyer.com/digestTAL.jsp?id=1202578672977&slreturn=20121018143157
http://www.chinaaccountingblog.com/weblog/deloitte-dodges-a-bullet.html
I hope you're right but I fear it's too optimistic.
Do you have some arguments to support your opinion?
Several months ago I wrote to Andrew Left, asking for his "final word" on Longtop and he replyed so:
Look at this:
@Janice: nodummy explained who is that Michael Adams (a stock), who Sharp wanted to sue:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77823825
The article was removed few minutes ago but it's still in the google-cache:
http://webcache.googleusercontent.com/search?q=cache:www.aimhighprofits.com/idoi-stock-slammed-sharply-like-a-spamcake-15978
Thanks nodummy, I missed that article.
Of course we don't know if Sharp shorted IDOI (he wrote: "I have never shorted a stock in my life." ) but it's a matter of fact that Interactive Brokers had in this case some few share to borrow in the last days:
Date Shares available to borrow
---------- --------------------------
2012-06-25 3000
2012-06-26 3000
2012-06-27 3000
2012-06-28 3000
2012-06-29 3000
2012-07-02 3000
2012-07-03 3000
2012-07-04 3000
2012-07-05 3000
2012-07-06 3000
2012-07-09 0
2012-07-10 0
2012-07-11 0
2012-07-12 3000
2012-07-13 3000
2012-07-16 3000
2012-07-17 3000
2012-07-18 3000
2012-07-19 2000
2012-07-20 2000
2012-07-23 0
Yes, Michael-Goode published also the compliant.
By the way, in a recent tweet George Sharp claimed he will sue also a certain "Michael Adams". Never heard this name, do you have an idea, who is he?
Thanks a lot for having paid the fee and made the compliant freely public available!
Unfortunately after having read it, I didn't find anything, that was not already of public domain.
Anyway I welcome the lawsuit because now - I hope - we will finally have the denial or the proof of abuseoflaw.org's allegations.
It wasn't the only lawsuit he announced today.
He also sued for Defamation, abuseoflaw.org, Aniko Kaye and Michael Osborn, OC Sup. Court Case No. 30-2012-00585346-CU-CL-CJC
It would be nice, if somebody could post a link to a free copy of the complaint (otherwise occourts.org applies a fee of $7.50).
I just discovered an other interesting clue.
Look at the Whois Record for PumpsAndDumps.com (just for the record, the address is an UPS store):
http://whois.domaintools.com/pumpsanddumps.com
Administrative Contact:
istrator, Admin
pumpsanddumps.com
1865 Dilworth Drive
Suite 722
Kelowna, British Columbia V1Y 9T1
Canada
+1.2504481807
Well, that telephone number is exactly the same that appears on this press release related to legitimateinvestor.com:
http://seekingalpha.com/news-article/2725651-arena-pharmaceuticals-awaits-fda-advisory-committee-meeting
Legitimate Market, Inc.
Market Research
250-448-1807
You're right, there is a personal war between those guys but I've seen the tweet ("@magnusqwips Hey Shawn please email me. George@clippercp.com") with my own eyes and I also verified in the domain history of those three domains (pennystockdaytrades.com, daytradingpennies.com and pennydaytrades.com) that the first registrar was Leslie Howards and the associated email pumpsanddumps@gmail.com.
George Sharp is definitely behind pumpsanddumps.com and firstmicrocapreport.com, which share the same server (64.202.189.170).
By the way, since the end of April that server hosts also the site legitimateinvestor.com
Do not excessively trust George Sharp, aka Leslie Howard, aka Max Molson:
http://www.abuseoflaw.org/2012/04/just-facts.html
Not really correct... "Dino" is the diminutive of a lot of Italian first names:
Alfredo -> AlfreDINO
Corrado -> CorraDINO
Riccardo -> RiccarDINO
Bernardo -> BernarDINO
Armando -> ArmanDINO
etc...
"Dino" can be also a "full form" first name, like for example in the case of the director Dino Risi (http://en.wikipedia.org/wiki/Dino_Risi) or the goalkeeper Dino Zoff (http://en.wikipedia.org/wiki/Dino_Zoff).
Don't ask me why, but Dino is used sometimes instead of Tino, like for the famous producer Dino De Laurentiis (http://en.wikipedia.org/wiki/Dino_De_Laurentiis):
AgosTINO -> TINO -> DINO
Therefore it's possible that Dino is the diminutive of
Donato -> DonaTINO -> DINO
albeit not very usual.
Yes Janice! I remember BodyTel well! Not only Siekmann, but also Michael Kang and Francisco Abellan Villena were involved:
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6109769-24553-28695&SessionID=7i0GFW-QlY9a227
The list of persons connected to BodyTel Scientific Inc (BDYT) is even longer: Roman Rumpf, Stefan Schraps but also the "plaintiff" Warren and Tabor.
This SEC suspension of BDYT could be a prelude for RAYS...
Yes, Jehu Hand is Michael Osborn's attorney:
I've just read this interesting article about SEFE (which today reached a new high):
http://buyersstrike.wordpress.com/2012/04/23/the-mass-psychology-of-suckers-part-1-sefe-inc-sefe
It provides interesting information about some of the execs.
You can make money one time or two, but in the remaining 99% of cases there is no way to earn money buying this pumps.
Even if you survive to the insiders or schemers before they start dumping, there is always the risk that the SEC halts the trading.
I think that even gambling has a higher probability of success or at least causes less damage to the economy in general that these fraudulent schemes.
Janice has accumulated years of experience on these scams and she knows very very well, what she's saying.
I understand your excitement for today's win but be very careful on your next trade
I wrote Abuseoflaw.org to tell my story and they let me know, they are accepting complaints from people that have lost money by investing on Leslie Howard's recommendation.
Victims can email them to submit@abuseoflaw.org.
Yes, Leslie, we already know your site on Michael Osborn. Also abuseoflaw.org cites it quite often.
Anyway the editor of AoL is Raymond Willis, while Michael Osborn is engaged as consultant. Also Frank William Abagnale, Jr. ("Catch Me If You Can") was a scam artist before becoming an FBI consultant.
The connection between Leslie Howard, Pumpsanddumps.com and Market Broadcast, LLC is proved by the WHOIS domain history for these three domains:
PENNYSTOCKDAYTRADES.COM
DAYTRADINGPENNIES.COM
PENNYDAYTRADES.COM
This is indisputable, because AFIK you cannot create a domain providing an email you cannot send a confirmation from.
Secondly if you subscribe pennystockdaytrades.com you will notice that they picks mostly the same stocks pre-alerted by Leslie Howards.
The link between George Sharp and Pumpsanddumps is that (removed) tweet.
It's still the google cache:
http://webcache.googleusercontent.com/search?q=cache:RdgdZ91dVBEJ:twitter.com/PUMPSandDUMPS/statuses/188292854823653377&strip=1
What do you mean with "It appears all someone did was put the company name which would link to the twitter account."?
That tweet is coming from the Pumpsanddumps account, no doubt about it.
It's quite plausible that he tried to contact Shawn Landgraf by Twitter: OTC slapped PSPF with the old skull and crossbones because the company and its officers can longer be reached.
Today abuseoflaw.org provided new very strong evidences about the connection between George Sharp/Helischauer, Leslie Howard, pumpsanddumps.com and Market Broadcast LLC:
http://www.abuseoflaw.org/2012/04/just-facts.html
PumpSandDumpS.com removed the tweet, but I did a photo of my tablet:
"@magnusqwips Hey Shawn please email me. George@clippercp.com"
There is also the Google cache:
http://webcache.googleusercontent.com/search?q=cache:RdgdZ91dVBEJ:twitter.com/PUMPSandDUMPS/statuses/188292854823653377&strip=1
Removing the tweet sounds like a confession!
New abuseoflaw.org fraud alert on Leslie Howard/George Sharp/Pumpsanddumps.com/Market Broadcast, LLC
http://www.abuseoflaw.org/2012/04/just-facts.html
This time abuseoflaw.org provides very strong evidences about the connections between the entities listed above.
Now I'm persuaded that George Sharp is behind pumpsanddumps.com and firstmicrocapreport.com!
I've found three other penny stock related sites with this IP (64.202.189.170):
penny-stock-market.com
penny-stock-board.com
penny-stock-exchange.com
He is still posting. I was also removed from his mailer because of my posts on iHub, but I'd subscribed also with another account.
Here is his last message (ca. 4 hours ago):
Avoid PSPF like the plague!
PSPF - which is also labeled as Caveat Emptor by OTC Market - was recently alerted by Leslie Howard and PennyStockDayTrades.com
PennyStockDayTrades.com belongs to Market Broadcast, LLC, the same company which releases this PR:
http://finance.yahoo.com/news/shareholder-group-seeks-support-other-230112175.html
Beware of Market Broadcast LLC too, because it could be an entity related to Leslie Howard.
RAYS not yet but in the meanwhile LEXG started promoting again:
> Maybe just pay salaries they didn't have cash for?
Or maybe financing a second pumping campaign?
Great findings! Here the whole article:
I've just found, that this is not the first time that JMJ Financial appears on this board:
nodummy already cited JMJ Financial al least in two posts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66973664
RAYS issuing convertible promissory notes through JMJ Financial.
From yesterday's 8-K:
Penny Stock Research covered TFER on last Friday:
http://www.pennystockresearch.com/tfer-snpk-plpl-pump-and-dump-alerts-march-23-2012/
Titan Iron Ore (TFER)
By: Brian Walker - March 23, 2012
TFER’s back… what a joke.
We exposed this iron exploration company late last year. And it looks like the pumpers are going back to work on Titan shares once again, and for good reason.
Before we get into that, here’s a recap of last year’s exposé…
$0 Revenue
$$429,000 accumulated deficit since inception
37 for 1 stock split, pushing the share count up to 192 million outstanding shares
Directors cashed in and collected management fees of $10,000/$94,500 each
So what’s Titan been up to since we last checked in?
More of the same shameless compensation for the insiders… that’s what! For starters, a number of insiders received anywhere from 400,000 to 1 million options at the end of last year.
These options will vest 25% of the total compensation in each of the next three quarters. Basically, they’ll be 100% vested over the next 18 months. That means, by June 21, 2013 each of these options can be turned into shares at a price (exercise price) of just $0.84. With shares currently trading north of $1.44, it translates into an instant 75% gain! Here’s a list of how the booty was doled out…
President, Andrew Brodkey – 1,000,000 options
CFO, Frank Garcia - 400,000 options
Director, Ronald Richman – 750,000 options
Corporate Secretary, Jodi Henderson – 400,000 options
Here’s the crazy part, all of the filings show roughly 2.5 million options were handed out last year. The company authorized a total of 4.1 million options to “directors, employees, and contractors.” So there’s more left to pass around!
Normally, I’d say options compensation is no big deal, but Titan has yet to accomplish anything to justify any rewards. They’re still not making any money… just losing it!
Another tidbit out there in amongst TFER’s SEC filings is a sale of 1.3 million “units” in exchange for $1,000,500. That’s how they’re staying afloat, by selling one share and half a share warrant for just $0.75.
Hey, can I get that deal guys? That’s an instant 100% plus gain!
I can’t blame the “two non-US investors”. After all, the only thing TFER is doing right now is issuing press releases about the results of their “winter 2011” drill program.
Titan is still just test drilling… they’re not even mining yet! I’d want an instant 100% gain if I were to hand over $1,000,500 too!
Now you can see why shares are being pumped again. Between the shares sold in “units” and the options handed out to insiders… there’s someone set to pump this “P.O.S” for quite a while.
Basically, this could be the beginning of an even bigger pump and dump for TFER…
Even if shares don’t push much higher, one thing’s for sure… the pumpers are going to keep at it to make sure shares stay above $1.00. If that happens, everyone involved can cash in for a profit!
One last thought…
Titan last issued earnings on November 15th. They were due to release earnings back in late February some time. Well, April is just around the corner… and I’ll bet you those financials look pretty ugly when we finally do see them.
Otherwise, they would have been out already, with the pumpers touting how great they were.
Seriously, what’s the hold up? That’s a $0 on the top line fellas.
No disclosure about the liquidation of the German Raystream is also in my opinion a big omission.
I'm not an expert, but I think they had to file at least a 8-K.
Usually the filing deadline for notifying such important material event is 15 calendar days but the liquidation started on Februar, 7th 2012!
Also for me it's the first time, I heard the name of Carmen Tellez.
According to her linkedin profile, she is Marketing Assistant at Raystream Inc.
http://www.linkedin.com/pub/carmen-tellez/17/18b/89a
She has also written some comments on Raystream Facebook page.
Stevia First Inc. (STVF) has now being pumped by the same people who promoted STEV:
* bedfordreport.com
* paragonreport.com
* The Chuck Hughes Microcap Report
There is also a report similar to that one they did for STEV:
* http://stvfreport.com
Conmar Capital Inc. (CCI) get paid $1,219,500.00:
Yes, for LFVN yesterday was really ugly... look at the chart!
Anyway I think that the pumping is just started!
AFIK this is the first full report coverage on LFVN: "DOVER, MA--(Marketwire -03/15/12)- OTC Growth Stock Watch newsletter, a publication of OTC Research Corp., today announced new coverage on LifeVantage Corp. (LFVN.OB)."
The publisher of OTC Growth Stock Watch is Geoffrey Eiten and as we know, he was already charged with securities fraud more than one time:
http://www.sec.gov/litigation/litreleases/2011/lr22188.htm
http://www.vancouversun.com/business/Opinion+Penny+stock+promoter+trouble+with+regulators/5849586/story.html
In the report it's stated that they didn't receive any compensation from the featured companies:
http://www.otcresearchcorp.com/03mar15mar12/03_2012gsw.pdf
samsamsamiam- thanks for the interesting links!
This passage is really enlightening!
LFVN's story is becoming more interesting...
Look at this topic on the Yahoo! MB (50 replies!)... This guy - who has chosen as alias the name of the author of famous Russian novel "Crimes and Punishments" - seems to know a lot about LifeVantage:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=29667&tid=2348&mid=2348&tof=1&frt=2
David Brown, LFVN’s current president (and former CEO), was also the CEO of Metabolife International, Inc., a company with a long story of illegal activities, which filed for bankruptcy in 2005: http://en.wikipedia.org/wiki/Metabolife
Its founder, Michael Ellis, was also arrested by the FBI and their flagship product, ephedra, was banned by FDA and there are even some cases of death related to its usage: http://en.wikipedia.org/wiki/Ephedra#Safety_and_regulatory_actions_in_the_United_States
Ellis served as the company's CEO until September 2000, when he was succeeded by David Brown.
LFVN dumped before I could start my own DD! They have gone back to 2.79