Exposing Pump and Dumps - All my own opinions / not financial advice
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How are you defining successful? These crpytos are hardly successful. I define success by trading volume and market cap. In the crpyto world, which is rife with fraud I would consider crpytos that today have under $50mm of value to be more likely worthless than anything. TESLA has a mkt cap of $0 and trades $10k a day. KLC has a mkt cap of $4.5mm and trades$ $30k a day. These are incredibly illiquid small cryptos which have no serious following, backing, or technology. Once Miko Novagratz, Ari Paul, Olaf etc are tweeting about them then I will take them seriously...Until then it's an objective joke
You have no facts and he has no facts. However, he has infinite more evidence than you bc the SEC suspended BITCF. The SEC wouldn't suspend if it weren't a) fraud or; b) delinquent and it wasn't delinquent....Deductive reasoning 101, however, it isn't factual.
So can you please give FACTS to prove that it was suspended for OTHER reasons? Do you have a letter from the SEC? No, bc it doesn't exist. So you couldn't possibly have more facts than it was suspended bc of fraud or delinquent filings......
SHEESSHHH!!
If they were the first four years ago to move in and have TeslaCoilCoin to show for it vs Ripple/LiteCoin/etc that should be enough evidence to realize you've picked the wrong horse? Right?
See my moniker. That is what they were likely shut down for. Your assertions vs anyone else's assertions are all just judgement calls. Nobody has "substantiated" evidence bc it doesn't legally exist for investors at this point. The judgement call you are making is the SEC delisting was unwarranted, mgmt can be trusted, PR releases are real, the auditor is legit, and you're using whatever data mining you want to justify it. I am using the same logic except I think the SEC takedown was warranted and they wouldn't have done so if there weren't fraud (which is out of control for penny stocks), the auditor has deficiency reports and has successfully audited a 8 or so penny stocks which are all down around 80%+ since IPO, and the teslacoilcoin div never happened. So it is a simple bet. Are you giving the company the benefit of the doubt or are you deciding the SEC did something good, this is another typical penny stock pump and dump, etc? You choose which bet you want to make. But my objective and subjective POV is the long term fundamental value of this company is zero and the SEC is here to protect you not hurt you
Fake press releases about terminals in grocery stores that don't exist and teslacoilcoin dividends is fraud. It is pretty black/white
TeslaCoilCoin dividend press releases were fraudulent. Mr. Retired Special Agent trading penny stocks. If you did any "real" work here you would see there aren't "cold hard facts" but if it looks like a duck, talks like a duck.....
Janice posted a great post on mgmt background.... I suggest you read that
I am short I have no issues with admitting I am short. Just like you have no issues admitting you are wrong. I was short before the delisting. I am here to present my findings and have no other motives. None of my factual listings have been refuted. I have always said, and am personally invested this way, if you believe in Crpyto then go find legitimate crypto businesses (NVDA, AMD, etc) or invest in Crypto yourself. This is not the right avenue, given the factual evidence of mgmt committing nefarious acts, auditors having deficiencies and when they do take companies public they all go the same way, fake press releases (TeslaCoilCoin Div), etc etc.
Check my post out before (has more facts). The auditor they hired has had two deficiency reports (2010 and 2016). The auditor also has had many public transactions pulled. The company the auditor takes public, if a public transaction is completed, usually ends up down more than 80%. Those are just facts.
Not enough volume to matter. Look at teslacoil coin... $1.5k of volume up 150% if you own 100mm coins it doesn’t matter. You could never liquidate without driving the price to Zero
$30k of volume ? What about it
I’m the only one here that has provided facts not speculation... check the tape, bud
You clearly don’t know how trading works
Or it’s a grey sheet company where the price can be manipulated with a $10k investment
List of Hay&Watson Clients... Seems one thing is very common:
Name / Announcement Date / Performance since Offer
Western Keltic Mines Inc 10/30/2007 Pulled
Peregrine Metals Ltd 12/18/2009 Pulled
Kiska Metals Corp 3/3/2011 Pulled
Fortune Valley Resources Inc 5/24/2007 Pulled
Rye Patch Gold Corp 4/11/2007 Pulled
Fortune Valley Resources Inc 7/20/2009 Pulled
GMV Minerals Inc 7/28/2006 -93.88%
Tarku Resources Ltd 3/12/2012 -82.50%
Primero Mining Corp 5/9/2008 -97.00%
Ethos Gold Corp 8/24/2007 27.50%
Petroteq Energy Inc 5/1/2008 -88.39%
Advance Gold Corp 7/20/2007 -93.50%
AgriMarine Holdings Inc 8/3/2007 -98.67%
Don’t worry they hired an auditor with two deficiency reports and the CEO responded to my email saying they haven’t started yet
You act like a microcap company with no real revenues, cash, or technology is a threat to society. Like the CIA and SEC are trying to stop a grass roots uprising that exposes the financial system. If that were the case, they would shut down BTC, ETH, and not have CBOE partner with them to make a more liquid market. The SEC wouldn't investigate BTC Cash for insider trading. The SEC is actually doing things to legitimize the crpyto space, not suppress it.
So you’re saying all of these crypto companies are frauds but the smaller frauds, like BITCF, are getting caught first Bc the bigger frauds have more power?
So why not just shut down BTC/ETH/Coinbase or the real players? Why did they allow CBOE to have futures trading
They have factual evidence of a pump and dump. SEC is here to protect you from criminals like these who do fake PR, pump and dump, and manipulate stocks. What does the SEC stand to gain by shutting these companies down?
Genius post. As CRCW just got suspended too. So much fraud and "noob" investing in penny stocks and crpyto it is truly incredible
Why is stock up but TESLACOILCOIN down 90%?
Hay & Watson has a 2010 audit deficiency report (link below)
https://pcaobus.org/Inspections/Reports/Documents/2010_Hay_Watson.pdf
PQE CN filings clearly show that as of their last filing date of 5/31, they have less than $0 cash, $200k of accounts receviable and no inventory but have also $4mm of payables.... Seems like a LEGIT company right?
"Since we began operations we have moved away from commodity businesses to high margin businesses at the cutting edge of technology. That is our mission and we are striving for that goal at Petroteq. Currently, we happen to be a Technology company that is building a substantial production facility on site of an 87 million barrel oil equivalent resource."
Hard to have high GMs when you have no revenues
"The first technology we have brought to the market is our unique patented technology for extracting oil from Oil Sands, in a clean way. We have successfully extracted 10,000 barrels from our original plant and are in the process of expanding and upgrading that facility at our new location with a capacity of 1,000 barrels a day"
No Canadian energy filings, which are required, to show that this is true.
So BLOCKCHAINS....I just gave you evidence that a) this not a good auditor and b) that PQE CN is another pump and dump lying scam? Can you please give me evidence to support your assertions
They won't get an uplist with these fraudulent press releases about getting $500k contracts from other penny stock companies. All of that needs to be reviewed, validated, and audited. Then they need to get real audited fins from a legit auditor. Someone posted mgmt background and their shady dealings when this was a "mining" company... Don't think this one passes the sniff test
Likely not usually they go to the greys and die
Shady Mgmt background, no technology, more farse press releases, and no audited fins doesn’t help.
7 ticker changes for Petrote
Who cares what these Press Releases say?!?! $100mm mkt cap company up from $30mm three months ago (pump), last financials had them at $0.00 in cash, it's an oil company that turned into a tech company that turned into a crypto company? COME ON!
These are all assumptions. If I told you I traded this stock perfectly long and short, made 10000%, and had no proof would you believe me?
Lol penny stock that shifted from an oil sands co (lighting the earth of fire to extract oil at ~$100 breakevens) to a tech company? U serious? Oh yeah they have no cash on their balance sheet too so how they gonna pay?
You have to repeat yourself? Huh? Where is the cash from the oil and gas penny stock? You have no proof of them selling TeslaCoilCoin to buy BTC, you are just assuming, which you can never do. There isn't enough volume to have them be able to sell enough TeslaCoilCoin to buy BTC.
Here is your line of thought... I have a friend who knows a guy who said he is invested in crpyto and has crushed it. So it has to be true. Now let's invest with this guy bc he says he knows a guy who does crypto so lets assume he bought BTC 6yrs ago but not ask for any proof and just assume.
Do you have proof of that?
Also check the volume for this turd TeslaCoil. It has about $2k of trading volume a day.
Are you serious? Look at the balance sheet of PQE
1. It is another grey listed so definitely high integrity mgmt
2. They have literally ZERO cash on the balance sheet. So how can they pay anyone?
LOL where in the hell did they get the cash to buy BTC? They have never had more than $20k of cash on their unaudited fins. How does that math work?
Other cash being what? Crypto that has no liquidity? BAHAHAHAHAHAHA
Still waiting for pictures of these kiosks....
Youre citing a rolling stones article and big fraud allegations. This is a teenie tiny no-named crypto company with a sketchy past. The allegations asserted in the Rolling Stones article show incentive for the SEC to be shady (kickbacks, cover-ups, etc). What does the SEC stand to gain by shutting down one of the smallest least legitimate players in crypto? Why wouldn't they go straight for Bitcoin, Coinbase, Ripple, or something that legitimately threatens the government? BITCF has no credible product. With bitcoin or other top crpytos there is at least some credible backing. BITCF has nothing. The TESLACOIL Coin has legitimately zero instrinic value and ADTV is again less than BITCF. So I ask you, again, what is the incentive for the SEC to take down a no name company, with no legitimate product, technology, or backing?
The SEC is not dysfunctional, this company and mgmt checkered past is. The SEC is not here to hurt you, they are here to protect you against fraud. 99.9% of all penny stocks have some element of fraud (pump and dumb, outright lies, non audited fins, mgmt priors, etc). There is less trading volume for these TESLACOIL coins, etc than on this piece of junk grey listed security. For those who are long, or thinking about going long, please explain to the rest of us what TESLACOIL coin is, its technology, how it was created, who wrote the code and their experience, and its intrinsic value.
Thanks!
GP&D
Probably not
Why? They have no product, press releases are a penny stocks deals with other penny stocks, mgmt is shady, no audited financials, grey listed, oh and where's that dividend? Lol
$2,500 worth of volume lol. This isn't real