Thanks, got it. This is the second time for them.
Remember:
StockGate: New Naked Short Sell Poster Child Also Poster Child For Stock Promotion?
Mar 14, 2006 (financialwire.net via COMTEX) -- March 14, 2006 (FinancialWire) While the market waits for Loftwerks (OTC: LFWK) to post its share distributions today to account for what it terms an oversupply of issued stock due to a concentration of the entire known allotment of 500 million shares in the hands of insiders, there is another, shadier side to the equation. The company is also the subject of a rather massive and possibly "timely" junkfax campaign to boost its stock.
While StockGate remains a massive scandal for some of the companies that have been impacted by market manipulations, such as Overstock.com (NASDAQ: OSTK) and Biovail (NYSE: BVF), both of which have brought lawsuits and stimulated U.S. Securities and Exchange investigations, there remains substantial problems at the lower end of the stock market, involving OTCBB and Pink Sheets companies.
Sometimes, the truth is elusive and murky. Such is the case of Loftwerks, which is the subject of hype by MarketSine, a fax broadcaster that says it has been paid three million of what has been represented as a "precious commodity," shares of LoftWerks, by AQFS, for "research and distribution of its report."
Often but not always, illegal junkfaxes and spam emails are distributed by unscrupulous "pump and dump" promoters without the company's knowledge. These junkfaxes and spam emails proliferate throughout the financial community, leaving many recipients begging for anyone to help stop them.
It is usually a muddle that the U.S. Securities and Exchange Commission has been urged by the SEC Forum on Small Business to ferret out.
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