InvestorsHub Logo
Followers 37
Posts 5184
Boards Moderated 0
Alias Born 03/09/2012

Re: tonv post# 18654

Thursday, 11/27/2014 6:09:33 AM

Thursday, November 27, 2014 6:09:33 AM

Post# of 84319
That would be such a juicy opportunity, wouldn't it?

I even think it could happen and there is the possibility that it could be more than enough to kick this thing off with the right pump from Hayden.

Why do I say pump? Because the president of Tournaquint, John M. Fife, is quite familiar with what you are proposing but probably not in the way you are thinking:

http://www.sec.gov/litigation/litreleases/2007/lr19972.htm

On January 18, 2007, the Securities and Exchange Commission (Commission) filed a complaint in the United States District Court for the Northern District of Illinois against John M. Fife (Fife) and Clarion Management, LLC (Clarion Management). The complaint alleges that in 2002 and 2003, Fife and Clarion Management engaged in a fraudulent scheme to purchase variable annuity contracts issued by the Lincoln National Life Insurance Company (Lincoln) for Clarion Capital, LP (Clarion Capital) in order to engage in market timing. Clarion Capital was a Chicago hedge fund formed to market time international mutual funds available through variable annuities. According to the complaint, at all relevant times, Fife controlled Clarion Capital and carried out the scheme through Clarion Management, the hedge fund's general partner and unregistered investment adviser. Fife, age 46, is a resident of Chicago, Illinois.

The complaint alleges that Fife and Clarion Management used deceptive tactics to purchase contracts and engage in market timing for the benefit of Clarion Capital.




Your comment gave me pause to wonder about the possibility that LTNC might actually be gearing up for something legitimately positive, but now that I have dug into it all I see is that yet another significant shareholder has a history of securities fraud.

OTH, this is setting up to be a major pump campaign with now at least two manipulators in the game. I just hope I got in at a good price. My advice to you is don't let yourself get burned by sticking around too long.