Wednesday, March 25, 2015 4:47:35 PM
This is so unbelievably incorrect that it's not really worth even responding to, but I'll bite. Can you provide a single actual example of this happening in the last 10 years? And I don't mean some blog post from 2008, or an article speculating about the causes of the price action of a particular stock, I mean an SEC complaint or other regulatory action detailing who, when, and how such a scheme was perpetrated on a sub-penny OTC stock? You know, an actual example of someone being caught performing this "cellar boxing" trick in the OTC anytime since the new financial regulations went into effect in 2008? Or is it just something that "everybody knows" is totally happening, but just can't prove? Like Bigfoot and alien abductions? So, any examples?
I'll wait...
Maybe start by checking here?
http://www.whistleblower-insider.com/sec-fraud-actions/
But it's funny, I count something like 150 SEC actions in 2014 and not one involved illegal short-selling manipulation of an OTC stock... yet a whole bunch involved unlawful issuance/dumping of shares based on false news releases, misrepresented financials, fake revenues, or some other means of pumping up a stock on lies before dumping and diluting...
For example, here are just a few SEC actions, from just the last six months, detailing scams that actually do happen on the OTC, unlike "cellar boxing":
FEATURED Element79 Gold Corp Continues Fostering Local Community Engagement • Jun 4, 2024 9:08 AM
IQST - iQSTEL Announces $290 Million 2024 Annual Revenue Forecast • IQST • Jun 4, 2024 1:43 PM
ECGI Holdings Accelerates Strategic Initiatives by Securing First of Two $125,000 Convertible Notes • ECGI • Jun 4, 2024 12:15 PM
PickleJar Debuts Nationwide Contest With Brian Kelley for Fans to Win a Three-Day Bahama Cruise • NREG • Jun 3, 2024 8:45 AM
ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • ILUS • May 31, 2024 12:52 PM
Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • ELEM • May 30, 2024 1:18 PM