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Re: madpirate post# 12788

Friday, 02/01/2019 11:51:13 AM

Friday, February 01, 2019 11:51:13 AM

Post# of 17255
Sure no problem Pirate, I'm here to help all newcomers to trading.

First one will want to click this link:
https://www.otcmarkets.com/stock/CSOC/security

Then you'll want to scroll down until one sees the line item "Float", it states 109,600,000, but being a genius, one sees that it has not been updated since 9/8/16. WHHHAAAA? one may ask why wouldn't CSOC update the float?
Well it's because this is a fraudulent stock that uses this very common tactic to hide dilution.

So then one will ask themselves: at the very worst what could the maxed out A/S be? So then one will, do a little research and realize that CSOC is registered in Wyoming. Hmmm Then one may wonder why a company would ever be registered in Wyoming?!
Well this because a company can have an unlimited A/S in Wyoming and are not required to report it to anyone, including OTC Markets. See the statute here:

http://soswy.state.wy.us/Forms/WyoBiz/WBCA.pdf

pg. 26

17-16-601. Authorized shares.

(a) The articles of incorporation shall set forth the classes of shares and series of shares within a class, and the number, which may be unlimited, of shares of each class and series that the corporation is authorized to issue. If more than one (1) class or series of shares is authorized, the articles of incorporation shall prescribe a distinguishing designation for each class or series, and shall prescribe, prior to the issuance of shares of a class or series, the terms, including preferences, rights and limitations of that class or series. Except to the extent varied as permitted by this section, all shares of a class or series shall have terms, including preferences, rights and limitations that are identical with those of other shares of the same class or series.


Well that's not good news!? So then one might ask themselves: Well what can I do to get an accurate share count? Hmmmm maybe I'll call the transfer agent (for CSOC, it is Pacific Stock Exchange). And UH OH!!! one soon finds out that the TA is gagged, yikes! When the TA is gagged they will not provide any share counts. Again not good! Another tell tale sign of heavy dilution.

To summarize the only way to avoid fraudulent scam stocks, such as CSOC, is to perform some heavy due diligence.

Which luckily for everyone, I have already performed!

See my previous posts titled THE DAILY FRAUDSTER