Cirque Energy Inc. (fka CRQE)

[kennypooh]

You were absolutely correct. I received this PM from nodummy this am.
nodummy Member Level
Friday, January 29, 2016 1:10:58 PM

I think more often than not both sides are involved and the only one bamboozled are retail investors.

CRQE knows they need to file an S-1 for financing from Kodiak and they know they could never get an S-1 done and approved by the SEC. In other words they have no plans on ever doing an S-1 or ever getting the financing.

What CRQE gains is a nice press release about millions of $$$ in financing which leads to forward looking plans about acquisitions, expansion of operations, big revenues, etc which is great for pumping a stock while insider (mostly toxic note holders) dump shares into the hands of all the suckers buying the financing agreement, etc.

Kodiak gains because they get some shares up front just for signing the agreement. Its a no lose situation for them.

I've seen this same scenario play out several times going back so 2010/2011 when I started to research these dirty penny stocks.