DD Support Board and Research Team

[nodummy]

I think the subpenny market might be the scammiest it has ever been that I can remember since I started following penny stocks 7 years ago.

My blockchain/crypto stocks list is full of some of the scammiest subpenny stocks out there touting fake blockchain/crypto operations. I can literally name dozens of tickers right now touting fake blockchain/crypto operations. To be fair though some of the scammiest small cap tickers trading on the big boards are using blockchain/crypto PRs to run pump&dumps too. The whole crypto thing is just out of hand. Not only is the whole concept of investing in something that has no actual value (because it isn't backed by anything) just plain silly, cryptocurrency has created an environment of law breaking that regulators can't even begin to get a grip around.

We are seeing fake PRs at least once a month.

There are trading groups whose primary trading strategy is just front loading dead stocks so they can run pump&dumps.

Twitter is being used to start rumors by company insiders to try to run pump & dumps.

You have undisclosed paid touts all over social media and message boards helping run ugly pump&dumps.

3(a)10 free trading stock issuances have gotten out of hand. Billions and billions of free trading shares of stock which was created using the 3(a)10 exemption are getting dumped into the market daily. The crooks using the 3(a)10 exemption have no fear of consequences. I've seen prearranged 3(a)10 settlements being used to raise capital and to pay off debts for CEOs for private companies not involved in their public shells.

I'm seeing an increasing number of no information subpenny pink sheet tickers involved in disgusting pump&dumps. Many are revoked entities at the local SOS and haven't done public disclosure for years, but they have no problem putting out PRs and adding new unregistered shares of stock to the float despite their long histories as shell companies.

The pink sheet market really really really needs to be eliminated from existence. 99% of them are scams touting fake business operations while insiders are illegally selling unregistered stock into the market. If the SEC is going to allow the pink sheets to exist then they need to at least regulate them to some degree. Companies shouldn't be able to put out PRs about fake assets valued at $300,000,000 without consequences. Companies shouldn't be able to put out PRs about fake share buybacks and fake business operations without consequences. Right now you can say anything you want in an OTC filing or a press release and get away with it 99% of the time if you are a pink sheet company. Allowing an unregulated market to exist where crooks can print magnificent lies and commit fraud right out in the open to steal other people's money is so wrong on so many levels. That's like having cities/towns with no laws where people can kill other people and commit other heinous crimes with no consequences because the city/town isn't regulated. For the same reason you can't have unregulated cities/towns where people are free to commit crimes you shouldn't have unregulated markets where people are free to commit securities fraud with no fear of consequences. White collar crime is still crime! I barely even look at the markets much these days because it's all just way to disgusting.