Majic Wheels Corp (MJWL)

[Mokyo Toe]

I've also found out that the party that submitted the hoaxed PR, did so by way of the majicwheelscorp.com email address.

That email address is what is listed on the OTC markets website, so what most likely happened is that their domain was purchased by this fraudster. He then frontloaded the shares days prior to submitting the fake PR to Investorshub Newswire.

Nice job on confronting iHub about the bogus PR, Smilin_B. I like it when people care about truth; it is so rare around here that it is refreshing to see...

That is a pretty clever scam. Barely any cash outlay, and it worked like a charm. We probably have not seen the last of this kind of scam; this joker can't be the only guy to think of it.

For the investor, the simple solution is never trust an iHub newswire item. They are all planted by someone who has a vested interest in selling shares. Ignore all the frantic nonsense on the forum, too. Stick to filings, legitimate newswires, charts and level 2 to inform your sub-sub-pinkie plays, if you're gonna play.