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"Fool me once, shame on you.... Fool me twice...."
A target for brazen manipulation. Wash trading ends, trapping those who buy way too high.
A whole lot of wash trading… they’ll turn the robots off, and whoever bought last will be trapped.
About that "strong balance sheet..."
This company claimed $432M of "accounts receivable" offset by $432M of "deferred revenue" on their balance sheet when they first landed in this shell:
https://www.otcmarkets.com/otcapi/company/financial-report/344697/content
Kind of fluffy looking. "Accounts receivable" means services/products rendered, but no payment received. "Deferred revenue" means the payment has been received, but products/services have not been rendered. That's accounting 101. The SEC asked them to explain the hocus pocus in comments to the registration of the over 3.5B shares that had been awarded to the insiders in the RM:
https://www.sec.gov/Archives/edgar/data/0001671132/000000000022012869/filename1.pdf
https://www.sec.gov/Archives/edgar/data/0001671132/000000000022013596/filename1.pdf
So the company removed that with great fanfare:
https://www.otcmarkets.com/stock/SONG/news/Music-Licensing-Inc-Enhances-Financial-Transparency-and-Compliance-with-Balance-Sheet-Amendment?id=386354
Which gave a much clearer picture of the financial situation of the company, especially the actual revenues being collected (instead of accounts receivable), about $35k... little shy of the $10's of millions shown on the latest:
https://www.otcmarkets.com/otcapi/company/financial-report/356956/content
https://www.otcmarkets.com/otcapi/company/financial-report/356979/content
Now we're back with a new label on the "uncollected" accounts...
The CEO is now cancelling part of the stock the CEO gave to the CEO, but still has a $12M per year salary in the form of a convertible note... If my math is right, there's about 2B shares left that were registered to be free trading.
I have no idea, it's so brazen and glaringly obvious you'd think they'd have suspended trading when the O/S was turned over 10X's before the opening bell.
Low float and O/S exchange listed stocks are the targets.
Scam pump and dump from the outset. You guys knew better than to think the "CEO" of a 2-app company was here rubbing elbows and helping pump the stock.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173139042
Cost basis is generally what is paid to acquire the stock… The CEO directly and through the family office was awarded 3.5B shares of stock after the company raised the O/S way way up and distributed stock to the insiders.
Anytime an alleged CEO shows up on a social media board hyping the company or stock, it is a red flag.
Someone is wash trading this stock hoping to coax a real bid up to dump on.
Robot watch: INBS, O/S of 2.3M published in August, so far the volume is 148M shares.
Robot wash trading, pure manipulation. Don’t be trapped when they turn the robots off.
The "spin" is FINRA just lied to cover it up, the fact they said there weren't significant FTD's (and the last data showed a couple hundred K against an O/S of 165M) means that there was some "fraud!!!" happening, FINRA was just gaslighting pretending not to know what counterfeit and/or synthetic shares were (terms made up by con artists). The spin fails to even discuss the foundation of the pump and dump, the purported 600M shares all the con artists claimed had been naked shorted without evidence of any kind...
I'd love for the FBI to go after those con artists who've whipped up all this BS about "shorty" in order to steal people's money. It is a crime.
I know exactly what I'm talking about, unlike you. This board is for Immune Pharmaceuticals, the issuer of the FKA IMNPQ stock. All those other companies that you babble about have absolutely nothing to do with Immune Pharmaceuticals.
Immune Pharmaceuticals and all of its subsidiaries are in Chapter 7 bankruptcy proceedings, being liquidated and shut down. "Liquidated" means all of the assets owned directly or through subsidiaries with value will be sold off. "Liquidated" also means business operations are completely ended forever. The stock registration has already been revoked, so the investment you made in it is a total loss.
If you ever choose to end your delusional denial and read the truth about the company you invested in, here's a listing of everything on the docket.
https://www.docketbird.com/court-cases/Immune-Pharmaceuticals-Inc/njb-2:2019-bk-13273
That's been explained over and over, even by FINRA, but the con artists who lied about the short squeeze keep their marks distracted from the truth. The U3 halt was implemented because any stock purchased after the 8th of December wouldn't receive the shares of Nextbridge, essentially people would be buying worthless, dead stock. Like it or not, FINRA protected those people from getting sucked into the con job about the fictitious short squeeze.
Robots wash trading this stock, rapid fire trades, up over 150% with equal buys/sells, over 130k trades on a stock that was pretty dead except for the day they announced their RS.
They'll turn the robots off, don't get trapped.
Today's robot watch is on PXMD, O/S of about 1M shares after a RS, already turned that over 13X's, up nearly 200% on over 100k trades.... Prior to this, it was trading maybe 10's of thousands of shares, except for the day they announced the RS (big dumpage).
The convertible note holders appreciate you folks helping them dump their stock at a premium. Nice job.
No revenue whatsoever, just another OTC patent hype pump....
https://www.otcmarkets.com/filing/html?id=16861200&guid=m65-knJPBAqfJth
I can't speak for Mike, but I own no shares in any of the enterprises that you babble about. Neither do you.
FINRA publishes new FAQ's on the MMTLP MOASS/counterfeit share nonsense:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173168284
FINRA weighs in on the "get shorty" nonsense that was the foundation of the pump and dump run on this stock....
https://www.finra.org/investors/insights/supplemental-faq-mmtlp-corporate-action-and-trading-halt
Key Excerpts:
I missed VERB on the bot watch today, tossed the O/S over 10X's but finished red?
I missed this one on the bot watch today, tossed the O/S over 10X's, and finished red?
Yeah, sure... Pretty sure a control block would solve that without the $12M/year salary... IFLM was the introduction to that concept.
Today, it looks like the robots assimilated LIFW, tossed its O/S over a mere 5 times, up over 200% with more sells than buys....
Meanwhile, the holders of the convertible notes would like to thank everyone for participating in this promotion... O/S was nearly doubled in the 6 months ending June 30, and another 210M shares issued since. Then there's this:
Dang, nearly 40M shares dumped in one trade... "preservation of capital"
Wonder if the lender with the note that converts at $0.000025 got everything they were hoping for from this charade?
The CEO cancelling shares the company gave to the CEO, had a total of 3.5B of them, and considering the compensation agreement, there's plenty more where those came from. $12M per year in a convertible note:
https://www.otcmarkets.com/filing/html?id=16760936&guid=yXD-kKDt7oePB3h
Sorry, there, bud, but it's an LLC and he is the company. The LLC provides some separation for him, but when the bank looks at it, they're going to consider his own personal situation since the LLC is, essentially, just paper, and pretty recently created paper.
Saturation bombing of pure delusion. Teper doesn't work for or have anything to do with Immune Pharmaceuticals. He left long ago and started his own company, Cytovia Therapeutics. You don't own any of it, the stock you own, FKA IMNPQ is worthless and dead.
That's just dumb. Despite what the pumper con artists tell you, nobody shorts an OTC stock. $2.50 held in escrow per share for a maximum gain of a tenth of a penny is a terrible investment strategy.
I have no interest in "webinars" to pump and hype the stock. I looked at what the company had, both apps and the website, read the blog (with zero comments, ever, from the web), looked at the app reviews, read the "news" about the "binding LOI!!!" (typical OTC fluff), and applied logic. According to some posts here, the company has an investor, and if that's true, there is absolutely no reason for them to want to go public, and especially not adopt a scammy OTC ice cream company shell and its bagholders, in fact it's a dumb thing to do.
This is just another OTC "LOI!!!" pump... this "company" has 2 apps and a website, one of the apps for "raising money" is basically just patrons who tip bands/artists in bars, lots of ways to do that, no indication whatsoever what the "company" gets as a cut, yet the OTC has pumped it up like they're going to take over the music industry. They're not. The two apps are not widely distributed, reviewers on the Play Store don't exactly give it sterling reviews.
Why do they want to go public in the first place if they have funding from elsewhere? You only go public to sell stock to the public and raise money, you certainly don't do that by inhabiting a scammy OTC ice cream company and handing over partial ownership of your "company" to its bagholders.
Yeah, and this one is "ripe?" Please... Market makers "manipulating" stinky pink stocks is just a myth to rationalize why they underperform (usually flippers taking profits, but this one is just barely traded).
It's funny watching more posts than ever following a declaration that there won't be any more postings. Just more delusion, I guess.
You own zero shares of Cytovia Therapeutics and Naya. They're both completely different and separate from Immune Pharmaceuticals, and your holdings in FKA IMNPQ are worthless since it is in Chapter 7 bankruptcy and being liquidated.
Thinking that the market makers, who only execute the trades put in by the public, are sitting there plotting against ANY OTC stock is just absurd.
Oh, good lord... 20 trades all day long isn't "pressure" of any sort, and right now there's maybe $3k on the bid at just over a dime and $6k sitting on the ask at $0.12. That's a very thinly traded stock, not "pressure."
How much cash did they actually collect in that period? They have a tendency to advertise a big number, then toss all of it into “accounts receivable” only to never receive it.
What is "final and complete" is the shareholder vote. That's what it was for, like it or not.
It is astonishing to see this "if I never admit it's over, then it isn't over" mindset, especially when the foundation of it is a pack of lies.