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Posting on a forum board while holding zero position is "bite back"?
No, but contacting the SEC, FINRA and OTCMARKETS.com is a start..Standby
the little weasel clown ceo pumps out these fraudulent tweets and paid email pumps so his note holder can blow out paper he paid 0000001 for to fund him, his family and their bills to keep up their circus act family going..he is scamming you all..total fraud here
Boom? you mean bust
http://www.finra.org/investors/alerts/updated-marijuana-stock-scams
HomeFor InvestorsInvestor Alerts
Investor Alerts
Marijuana Stock Scams
Update: New laws regarding the legalization of marijuana for medical and recreational purposes have gone into effect in a growing number of states. Media coverage of the issue and investor interest in shares of marijuana-related companies continues. In some cases, trading volumes for the stock of otherwise thinly traded, marijuana-related companies increased dramatically—and prices became quite volatile. In March 2017, the Securities and Exchange Commission (SEC) charged a California-based company and its founder with falsely touting "record" revenue numbers to investors and claiming to be a leader in the marijuana industry while some of its earnings came from sham transactions with a secret affiliate. The SEC previously issued an alert and accompanying trading suspensions for numerous companies that claim their operations relate to the marijuana industry.
We are reissuing this alert to warn investors not only about the potential for fraud in this arena, but also to reiterate the risks of investing in thinly traded companies about which little is known. Regardless of industry sector, any so-called "hot" stock can burn your portfolio. Rather than getting swept away, take time before you invest to learn more about the company, its products or services and the people running it. And be sure you carefully assess the company’s prospects for success.
With medical marijuana legal in more than 25 states as of spring 2017 and numerous states and the District of Columbia legalizing recreational use of the drug, the cannabis business has been getting a lot of attention—including the attention of scammers.
Spotting a Potential Scam
Like many investment scams, pitches to invest in potentially fraudulent marijuana-related companies may arrive in a variety of ways—faxes, email or text message invitations to webinars, infomercials, tweets or blog posts. Regardless of how you first hear about them, the offers almost always contain hallmarks of "pump and dump" ploys. Specifically, fraudsters lure investors with aggressive, optimistic—and potentially false and misleading—statements or information designed to create unwarranted demand for shares of a small, thinly traded company with little or no history of financial success (the pump). Once share prices and volumes reach a peak, the cons behind the scam sell off their shares at a profit, leaving investors with worthless stock (the dump).
One company, for example, promoted its move into the medical cannabis space by issuing more than 30 press releases during the first half of 2013. These releases publicized rosy financial prospects and the growth potential of the medical marijuana market. The company was also touted on the Internet through the use of sponsored links, investment profiles and spam email, including one promotional piece claiming the stock "could double its price SOON" and another asserting the stock was "poised to light up the charts!" Yet the company's balance sheet showed only losses, and the company stated elsewhere that it was only beginning to formulate a business plan.
Smart Tips
To avoid potential marijuana-related stock scams:
Ask: "Why me?" Why would a total stranger tell you about a really great investment opportunity? The answer is there likely is no true opportunity. In many scams, those who promote the stock are corporate insiders, paid promoters or substantial shareholders who profit handsomely if the company's stock price goes up.
Consider the source. It's easy for companies or their promoters to make exaggerated claims about lucrative contracts, the company's revenue, profits or future stock price. Be skeptical about companies that issue a barrage of press releases and promotions in a short period of time. The objective may be to pump up the stock price. Likewise, be wary of information that only focuses on a stock's upside with no mention of risk.
Do your research. Search the names of key corporate officials and major stakeholders, as well as the company itself. Proceed with caution if you turn up recent indictments or convictions, investigative articles, corporate name changes or any other information that raises red flags. For example, the CEO of one thinly traded, yet heavily touted, company that purports to be in the medical marijuana business spent nine years in prison for operating one of the largest drug smuggling operations in U.S. history. The former CEO of a similar company was recently indicted for his role in a multi-million dollar mortgage-based Ponzi scheme. Check the Federal Bureau of Prisons Inmate Locator to determine if a solicitation is coming from someone who has served time in a federal prison. Many states also have similar prisoner locator systems.
Know where the stock trades. Most unsolicited spam recommendations involve stocks that do not trade on The NASDAQ Stock Market (NASDAQ OMX), the New York Stock Exchange (NYSE Euronext) or other registered national securities exchanges. Instead, these stocks may be quoted on an over-the-counter (OTC) quotation platform like the FINRA-operated Over-the-Counter Bulletin Board (OTCBB) and the platform operated by OTC Markets Group, Inc.
Generally, there are no minimum quantitative standards that a company must meet to have its securities quoted in the OTC market.
Many of the securities quoted in the OTC market don't have a liquid market. They're infrequently traded and can move up or down in price substantially from one trade to the next. This may make it difficult to sell your security at a later date.
Read a company's SEC filings, if available. Most public companies file reports with the Securities and Exchange Commission (SEC). Check the SEC's EDGAR database to find out whether the company files with the SEC. Read the reports and verify any information you have heard about the company.
Remember that just because a company has registered its securities or has filed reports with the SEC does not mean it will be a good investment—or the right fit for you. Also, be aware that not all financial information filed with the SEC, or published elsewhere, is independently audited. Unaudited financials are just that—not reviewed by an independent third party.
Be wary of frequent changes to a company's name or business focus. Name changes and the potential for manipulation often go hand in hand. One low-priced stock now claiming to be in the medical marijuana business has had four name changes in the past 10 years. Another company switched from the coffee business to focus "on the rapidly emerging medical marijuana industries." Name changes can turn up in company press releases, internet searches and, if the company files periodic reports, in the SEC's EDGAR database.
Check out the person selling the stock or investment. A legitimate investment salesperson must be properly licensed, and his or her firm must be registered with FINRA, the SEC and a state securities regulator—depending on the type of business the firm conducts. To check the background of a broker or investment adviser, use FINRA's BrokerCheck. You can also call your state securities regulator. When using BrokerCheck, research the name of the person who contacted you, as well as the name of the firm they claim to work for. Verify the caller's identity using the phone number on the firm's website or in a publicly available telephone directory.
If a Problem Occurs
total bs and complete fraud. biggest scam we have ever come across plus a finra investigation going on..not pretty
email otcmarkets.com and send them the email pump. they will slap a caveat emptor on it and the convt note won't be ableto clear his paper. put on end tp this scam and notorious scammer
https://www.otcmarkets.com/learn/investor-protection
FINRA Alert
SEC Alert
OTC Markets Group Policy on Stock Promotion - Released October 2017
OTC Markets Group monitors for potential promotional activity relating to securities trading on our markets. We review for anonymous paid promotions, possible connections to bad actors, and evaluate the promotions potential impact on trading.
A company whose security is being promoted may not be directly involved or even aware of a promotion campaign for their securities, however all public companies have an obligation to provide accurate disclosure to investors and quickly address any misleading information that could affect the trading market for their securities.
biggest scam i have ever seen
You ain't see nothing yet
SCAMMER ALERT. STAY TUNED
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149381359
biggest scam and scammer
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149381359
don't forget the finra investigation and a potential sec investigation. biggest pump and dump scam out there. dnax is an empty shell with a crooked conman dumping his notes to keep his clown life style together..complete fraud here
truly amazing how thin this stock is.
nice find guys
what's the twitter handle?
hearing 2m float and it's locked up. amazing structure
25c? wih the right news this low floater can rocket to a few dollars a share with ease. doing my dd now..very nice find
THE ESPORTS WAGERING AND ENTERTAINMENT COMPANY
Esports betting expected to reach $20 Billion by 2023 prior to SCOTUS decision, Company now expects this estimate to increase by several more billion dollars.
MESSAGE: BETTING IS ESPORTS’ BIGGEST AND MOST UNDERAPPRECIATED OPPORTUNITY
Image Credit: Robert Paul for Blizzard Entertainment
Betting is the single biggest opportunity in esports. It has uncapped upside and is one of the least encumbered by the video game publisher…but it’s also one of the least talked about. The recent investment wave in esports has been primarily focused on the most visible assets in the space being esports organizations, influencer agencies, and content/competition assets. I believe it’s important people understand that verticals like betting are a huge part of the potential of esports now that interest in the space has skyrocketed.
As one of the fastest growing categories in online gambling, esports betting is on pace to reach up to $8 billion USD in total wagers this year, equating to $560 million in revenue at an industry average margin of 7%. Growth estimates point to more than $16 billion in annual wagers in coming years. This compares to an estimated $1 billion in revenue to be earned in 2019 for the rest of esports, however, when adjusting for publisher owned/operated assets revenue, I believe the number is closer to half that. This adjustment nets out game publisher fees, merch and ticketing at major publisher run events, a proportion of media rights, and a percentage of sponsorship and advertising.
The benefits of esports betting
We make this adjustment as the investable esports ecosystem, everything making headlines lately, is non-publisher assets, companies building around the IP of publishers. Unlike these categories, betting is IP-agnostic as it requires no franchise or licensing fees paid to the publisher, which is seen in categories such as esports teams or tournament organizers. It is also game-agnostic, not being exposed to game cyclicality, which is the mark of the video game industry and esports.
Gamers are fickle and it’s impossible to predict the longevity of a new title. Betting is a platform that can easily offer whatever is being watched. Lastly, it is API-agnostic, seeing no reliance on publisher logins or other third-party API’s such as Twitch which can be found in other verticals. This is why I believe the magnitude of the opportunity in betting exceeds every other vertical in esports and will continue to do so long-term.
The rapid & challenging rise of esports betting
How did it begin? The first major wave came with the use of virtual in-game aesthetics as unregulated casino chips back in 2013/2014. Valve games, Counter Strike: Global Offensive and Dota 2, the second and third most popular esports (behind League of Legends), have highly liquid real money economies using in-game aesthetics termed skins, which fans began to use for gambling on esports.
Nearly all the skins gambling sites were operating illegally, rarely doing any requisite Know Your Customer (KYC) compliance to ensure the customer is in a legal jurisdiction and over 18, had little to no Anti-Money Laundering (AML) controls, and certainly no gambling license. Unfortunately, this meant many underage kids often from illegal markets gambled, and the skins betting market quickly swelled to $5 billion in total wagers. After multiple scams and a class action lawsuit, Valve sent cease & desist notices to all major skins gambling sites toward the end of 2016, resulting in a material reduction in skins betting.
Although the illegal skins sites did not directly make the transition to regulated esports betting, they were a key step in the process. The advantage of those sites is they were totally unregulated. You could build one and get it up and running in 30 days. A regulated gambling site takes a year if you move quick. As a consequence, we saw effectively nobody switch. However, the companies making regulated esports specific betting products took product and marketing cues from those sites as they serve the same customer base.
That unregulated market kicked off regulated wagering on esports. At one point, before it was shut down, the skins betting market was an estimated ten times bigger than the regulated esports betting market. Without the skins betting market its unlikely esports betting would have taken off as quickly, and then when it eventually got shut down by regulators it created a big wave into regulated esports betting. This created much of the opportunity we are discussing in this article. Like a lot of new tech, it starts off in the unregulated side before it matures.
Now in 2019 esports betting is one of the most exciting categories in the regulated gambling industry. Even more so when combined with a U.S. sports betting market opening up state by state. With the nature of esports being video games, it creates unlimited possibilities for unique bets such as round-by-round betting in first person shooters, or hyper-contextual bets like first Baron kill (provides a team buff) in the world’s most popular esport game, League of Legends. With new game titles constantly being released, and an ever-increasing population of esports fans, the trend is clear.
Many ways to bet on esports
The current options available for esports fans to bet with is varied. You have legacy sportsbooks with an esports offering, purist esports sportsbooks sites, crypto betting offerings, and still some illegal skins betting sites. The challenge and opportunity as I see it is not attracting the gambler to bet on esports, but rather attracting and onboarding the esports fan. What appeals to a 23-year-old esports fan that has less experience with betting is different from what is currently being offered to a 35-year-old football fan.
Similar to any traditional service being offered to a new generation requiring a major user experience overhaul (as financial tech has). I believe it isn’t enough to just display the odds. Sportsbooks need to offer more contextual betting, team/match data, content/community offerings, deep partnership engagements and more. The exciting thing is that the code has not been cracked, and the room for innovation is vast.
Significant opportunity for new sportsbooks
Online gambling has spent more than 20 years focused on traditional sports. Creating and curating the optimal offering, marketing schemes, and bonus/reward programs. Converting brick and mortar bettors to online ones. Over that period gambling regulation has evolved, sports fans have aged, and the market has become relatively saturated with operators.
The emergence of esports as a sport, and consequently, a betting market, represents the first instance in a long time of a new generation entering the fold. This is unprecedented and the interest from the traditional gambling world is immense. For the first time they are facing a generation born and bred on the internet. Solving for that when you have spent so long solving for the inverse is challenging. It means a window of opportunity is open for new operators, new investors, new strategies, new ideas, and it’s incredibly exciting. All that said, it’s a thrilling time to be in esports, betting, and the development of sports and media for the next generation. This is just the beginning.
Kevin Wimer was a professional gamer in the early 2000’s, and is currently Chief Marketing Officer at esports sportsbook Rivalry.
Source: https://venturebeat.com/2019/06/03/betting-is-esports-biggest-and-most-underappreciated-opportunity/
good afternoon..standby
yes indeed, stay tuned. have a great weekend
easy.
Watch now: ETF Edge on the bond rush and how to cash in the nearly $150 billion gaming industry
PUBLISHED 6 MIN AGO
Bob Pisani
@BOBPISANI
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CNBC’s ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants at the NYSE to offer educational and actionable advice to help you build your best portfolio.
https://www.cnbc.com/2019/06/07/the-bond-etf-rush-and-how-to-cash-in-the-150-billion-gaming-industry.html
wait till we get fda approvals...weeeeeeeeeeeeeeeeeeeeeeee..lol
news today..
YUP. Spoton
none
we're a clean triple since we've started chatting about pktx a months ago. more coming crawfors
New 52 Week High Today
ProtoKinetix Inc (PKTX:OTCQB)
Export chart+ WATCHLIST
Real Time Quote | Exchange | USD
Last | 12:51:54 PM EDT Volume 52 week range
0.24 +0.08 (+45.45%)
964,324
0.05 - 0.24
very , very nice call sgt
Stay tuned as they say..Fools are selling down here.
Great post p&p
Very, very nice news..Standby, We're going higher. Should be a great few months ahead of us
Whoever is selling their GMGI shares @ these prices will regret it in my opinion. Stay tuned
spread the gospel
it will go. that's the word
and will happen very soon imo
for sure..8c is a joke. spread the word. we are
NADA