12 Retech Corp (fka RETC)

[east_coast]

Market Insiders Report (MIR)
http://marketinsiderreport.com/

Promotional Marketing Company who is paid $10,000/month to promote.

Story they give when you call contact number at bottom of email:

PUMP:

The company is an e-commerce, with iMirror technology and is it selling high-end clothes. The buyers of the apparel will be the Asian countries (Japan, China, India)
Company stock was bought out and shell company set up for the shares; they have applied to FINRA for a symbol and are awaiting approval of the symbol; the stock is going to go to 3.00-3.50 because the institutions they are working with agree to enter when the price gets to this price level

you call the person at the bottom of the email
the person tells you about the stock
this one was first sold under the symbol DVGGD
they tell you the price to enter (and ask you how many shares you are considering buying)
You call them back after you acquire the shares and the price you entered

** (this is to keep track of how many shares are sold vs how many they are holding)

they tell you once the FINRA approves the symbol they will call you with the new symbol (which auto changes in your trading account when it happens)

you enter at that price - they tell you they will call you 3 times to scale out 1/3 of your shares each time.
last scale out is when the institutions start buying at certain prices (in this case it was 3.00 and 3.50)
the stock keeps rising as more people contact them and told what price to enter

price keeps moving up, emails keep coming recommending the stock with a contact at the bottom of the email

DUMP:

Price reached 2.60's
the price drops .10 or so
you call your contact person and he says there is some profit taking to be expected
the next day the price drops another .50 or so cents - still profit taking not to worry
then prices drops another .50

WHAT IS HAPPENING - THIS PROMOTIONAL COMPANY (MIR) AND NITE and CSTI ARE SHORT SELLING THE STOCK

the stock continues to fall down to .03 within 6 days

You call the contact person - but.... the phone number is no longer in service all the other numbers provided also no longer in service

what happened:

Market Insiders Report(Tim/Theo - if that is their names)
has sold all the stock (.05) that was created for the company and set the price that is going to be provided to the people who called

Once the have sold the shares they have and price is at a level they have identified to exit - the short selling begins.

Basically:

they create a shell company, place the shares orginally created in the shell company's name
Beginning selling their shares to those who call

told they are waiting on FINRA to approve the submission and approve the stock symbol
they sell the stock which they are holding to people that respond to the email

Majority of the Shares they hold originally have been sold to respondents (they make money from the initial stock price created every time a respondents buys)

price reaches the level they determined to start short selling

They keep exiting at different levels - They made money both ways and those who followed their directions loss some, if not all, of their invested money