PAO Group Inc (PAOG)

[rca]

FROM: http://www.aubreyturner.org/index.php?/orglog/comment_pop/1375/

Kim, I’ve also started getting CCDE bounces and another one—Xtreme Motorsports of California (XMMC).

The disclaimer for CCDE said that they had received 4 million shares. If the stock price of $0.025 is correct, those are worth $100,000! Some of the other stocks I checked were actually worth more.

Why would somebody give that much out to run a pump-and-dump scheme?

Posted by Steve Mueller on 05/13/2006 at 01:13 PM
This may be obvious, but it just occured to me that a reason a company (or an insider) might give a large number of shares to a spammer like we are dealing with is, that is the spammer’s contingency pay for getting the stock price up even just momentarily. In other words, someone else with a lot more shares wants to dump their shares for the reasons given in the disclaimer, so they hire this scum bag to try to jack up the price. The better the scum bag is at getting the price up the more he is getting paid for his efforts. Also, the more the giver of the shares will be able to get for his shares when he dumps them at the same time.

(By the way, I am posting this same message on the bb that Gibson99 setup.)

Posted by john on 05/13/2006 at 05:48 PM
I thought of that, too, John, but the disclaimer (if you can believe it) said the shares weren’t from an officer/insider.

Also, if I were an officer planning to dump my shares, giving somebody else a large number of shares that I *know* they’re going to dump in competition with me seems counterproductive

And, as I said, it still seems like an awful lot of money to give somebody to spam.

However, if you’re right, there are obviously several companies hiring these spammers. How do they contact them? Maybe if somebody else could contact them as a sting, we could get this shut down.

Posted by Steve Mueller on 05/14/2006 at 12:26 PM