Connexus Corporation (CNXS)

[VeronicaFox]

I agree, and the sad part (for me anyway) is that often the SEC doesn’t even collect.

Not long ago I came across a stock broker who negotiated a secret arrangement with a CEO under which he was to receive one share of the stock in question for each five shares he promoted & sold to the unsuspecting customers. He sold the stock without disclosing the arrangement or the compensation he received.

So he was caught, fined, and barred from remaining a broker and associating with those involved in the stock market. But when it came time to pay the fine and penalties, he pleaded poverty and the regulators accepted his excuse.

Fast forward, he’s now become a “funder” to OTC companies. He buys their stock at a 50% discount to market, promotes the stock, then dumps into the volume.

But he still claims he’s too poor to pay his fine for taking unfair financial advantage of his own clients.

It would be reassuring to see Hicks actually forced to pay his fines, but I’m not counting on it. And even if he did, it would most likely come from the wallets of OTC shareholders.

Sorry for the rant, earlier today I was thinking the exact same thing that you posted :)

Haha. :) seems that those boys are in that same mentality of working the system. Not my style of business integrity but I’m seeing a trend on the otc. Lots of shady sharks. I thought only the nyc mafia had set up boiler rooms with fake companies and dilutions, etc. - seems I was wrong. I’m watching this stock do some boarder line illegal tricks.