From Pumps&dumps Nightly Recap, some interesting info about the penny market in general and HEMP in particular:
"You may have noticed that we have taken advantage of the decreased interest in penny stocks this month and lightened our workload by temporarily issuing fewer NIghtly Recap emails. The fact is that volumes are so low and new scams so few that the touts are mostly pumping the same old tired tickers over and over again. It's more than just the usual summer doldrums, when trading in this garbage tends to wane. For example, today, the 4th Monday of June the total dollar volume of the 17 promoted tickers was just over $1.6 million. Last year, on the 4th Monday of June, $5.4 million worth of promoted pennies were traded. We'll stay on the of the Recap this week, but may elect to reduce the frequency of the emails periodically through the summer, if the disinterest in the markets continue. Regardless, The Nightly, will continue to publish on the evening of every trading day, for those of you who have subscribed to Full Access.
In today's "You just can make this stuff up" news, HEMP, who is just begging for trouble, issued a press release today announcing that PPJE's stock had tripled. Yes, you read that correctly; one company issued a press release commenting on the trading of another company's stock. Obviously, the intent was to further pump PPJE's share price, a fact that is not going to be lost on the SEC, especially once they read this--they subscribe you know. What HEMP forgot to mention, was the Form D filed by PPJE temptress, Chandana Basu, in which she made known the company's intent to sell $5 million worth of unregistered securities. At today's close, that would translate to over 450 million new shares, but we'd bet that it will be at least 2 billion and maybe a whole lot more than that, since the stock will be placed at much lower prices. We surmise that the "cheap" stock will go to "business partners" like HEMP's Bruce Perlowin, who will then profit off the constant hype this ticker is subjected to.
All this PPJE nonsense comes one day after Basu reported to have filed an amended quarterly financial for the period ending March 23, 2014. What she actually filed, was an amended annual statement for the period ending December 31, 2013. It seems that Basu continues to be unable to get out of the way of her own stupidity. For more PPJE/Basu hijinks, Full Access subscribers can adjourn over to Janice Shell's April expose of the constantly evolving scheme."
AI
