DD Support Board and Research Team

[nodummy]

SEETHRUEQUITY / VBIO SEC Suspension:

VBIO got suspended this morning. It was a long running paid promotion ticker with offshore money laundering links going back several years.

https://www.sec.gov/litigation/suspensions/2018/34-84543.pdf

Order:

https://www.sec.gov/litigation/suspensions/2018/34-84543-o.pdf

VBIO was one of over 100 stocks that were used for offshore share selling/money laundering through entities set up by Roger Knox

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143975911

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144003571

I did some in depth research on VBIO a couple of years ago (September 23, 2016) because of the obvious money launder connections

http://promotionstocksecrets.com/vitality-biopharma-inc-vbio-super-well-connected-ticker-setting-new-paid-promotion/



Another interesting Note about the VBIO suspension is that SEETHRUEQUITY put out a press release for VBIO today

https://finance.yahoo.com/news/seethruequity-issues-vitality-biopharma-vbio-130000616.html

In the PR, SEETHRUEQUITY gave VBIO a bogus price target of $3.50/share

In that PR, SEETHRUEQUITY fails to disclose that they were paid to promote VBIO. SEETHRUEQUITY doesn't include a disclaimer in the PR and doesn't include a link to a disclosure page for readers to find out that SEETHRUEQUITY was paid.

The only place that SEETHRUEQUITY provides a disclaimer about VBIO is on their biased VBIO "research report".

http://www.seethruequity.com/vitality-biopharma-inc-vbio/

The only way to view the disclaimer on the bottom of the SEETHRUEQUITY VIBO report is to sign up on their website

http://www.seethruequity.com/vitality-biopharma-inc-vbio/

Not making full public disclosure that they were paid to promote VBIO is a misrepresentation to the public by SEETHRUEQUITY and blatant securities fraud.


What makes the timing of the VBIO suspension coinciding with the SEETHRUEQUITY promotion even more interesting is that SEETHRUEQUITY was referenced in SEC litigation recently for participating in the Nutra Pharma Corp (NPHC) scam:

https://www.sec.gov/litigation/complaints/2018/comp24295.pdf

The SEC specifically references SEETHRUEQUITY's bogus price target starting with paragraph 143






SEETHRUEQUITY has touted itself as an "independent" research firm for the past 7 years, but they are not independent at all. SEETHRUEQUITY is a paid promoter. Companies and company insiders pay SEETHRUEQUITY to put out "independent" research reports with bogus price targets as a way of manipulating the stock price while using the Issuer for pump & dump activity. SEETHRUEQUITY is not an independent researcher. Everything SEETHRUEQUITY publishes about public issuers is in fact a biased opinion because they are paid to promote the stock.

SEETHRUEQUITY LLC was created in 2011 as a Delaware Business Entity. It operates out of New York and it is run by two brothers - Ajay Tandon and Amit Tandon.

The Tandon Brothers also run Readaboo Inc which attempted to go public a few years ago

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001606736

Going back further, Ajay Tandon and Amit Tandon were executives for Cavalier Holdings

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001394489

And were large shareholders in Greenhouse Holdings Inc

https://www.sec.gov/Archives/edgar/data/1444177/000114036110001770/form8-k.htm

Amit Tandon was a key insider during the New York Global Group stock scam

A month after Multimedia Platforms acquired Next Magazine research firm SeeThruEquity initiated coverage on the company with a price target on its stock of $3.19.

https://www.reuters.com/article/2015/07/31/idUSnMKWgrLYBa+1ce+MKW20150731

Amit Tandon previously was CEO of New York Global Group which was involved with controversial reverse Chinese mergers, and NYGG's founder and president Benjamin Wey and his Geneva-based banker Seref Dogan Erbek were indicted by federal prosecutors for securities fraud according to a Justice Department press release.

https://www.justice.gov/usao-sdny/pr/benjamin-wey-founder-and-president-new-york-global-group-arrested-and-charged-manhattan

FBI Assistant Director-in-Charge Diego Rodriguez said:

"The illegal manipulation of stock prices causes significant losses for innocent investors and creates sizeable profits for fraudsters. Wey and Erbek allegedly falsified the true sales volume, demand, and price of stocks in the over-the-counter marketplace through a series of reverse merger transactions involving shell companies. They are believed to have profited in the tens of millions, while victim shareholders were left holding the bill. The FBI and our partners will continue to investigate and prosecute those who cheat the system in this way."

Amit Tandon has not been accused of any wrongdoing. In 2006 Amit Tandon apparently was a one-time defender of NYGG against some critical stories, and reportedly said in a NYGG press release "we intend to avail ourselves of all available remedies to stem the damage caused by these irresponsible and demonstrably false reports."

https://money.cnn.com/news/newsfeeds/articles/marketwire/06165521.htm

The $3.19 target predicted by SeeThruEquity for Multimedia shares seems absurd given that that there are nearly 50 million outstanding shares and barely 1,000 are traded over-the-counter each day which long has been characterized by many as an inefficient market. The Form 10-Q for Multimedia Platforms filed with the SEC for the quarter ended June 30, 2015 warns that the "ability of the Company to continue as a going concern is in doubt." Although SeeThruEquity cites with pie-in-the-sky enthusiasm that corporate advertisers spend $300 million in print media to target the $850 billion purchasing power of the LGBT market it's unclear how any of this meaningfully benefits Multimedia Platforms. Heck, a lottery ticket probably has a better chance of hitting the powerball numbers than Multimedia Platforms has of obtaining sufficient dollars from corporate advertisers in order to make it a profitable operation. For example, Multimedia Platform's Form 10-Q states that "during the six months ended June 30, 2015, the Company recognized net revenue of $422,526," and "incurred a net operating loss of $4,851,521." Moreover, it seems unlikely that growth through acquisitions from weak publications such as Next Magazine which has been around for two decades in New York -- one of the largest LGBT markets -- can save Multimedia Platforms. Next Magazine's former publisher RND Enterprises brought in only $800,000 in revenue, and suffered a $250,000 net loss according to its financial statement for the year ended December 31, 2014.

Since 2011, SEETHRUEQUITY has been manipulating penny stocks under the guise of independent research by putting out biased reports through SEETHRUEQUITY.com and biased press releases with bogus price targets for any penny stock willing to pay them for their stock promotion services.