You know it’s funny...calling these OTC CEO’s that issue shares against shareholders best wishes in order to cash in and enrich themselves, calling them crooks.
In many instances they are not actually “crooks”. They are simply doing the absolute limit of the law. They’re allowed to issue shares. They’re allowed to make forward looking statements, and they’re allowed to be optimistic.
They’re allowed to even convince others to share their optimism.
The SEC, FINRA, FBI, Federal, State and local laws allow all of this.
Then there is Steve Berman. He flat out lies. You see there is a legal protection for forward looking statements. These are statements that CAN actually occur and are material.
Steve Berman is LYING FLAT OUT to shareholders. He is making forward looking statements WHICH HE KNOWS ARE NOT TRUE AND WILL NOT HAPPEN in an effort to defraud people.
While rare, regulatory and criminal authorities do catch these guys. Some are fined millions and sent to prison. Others are slapped on the wrist with a small fine and an SEC ban. The vast majority go their entire life without a regulatory or criminal process.
Steve is counting on him being the latter.
Steve is a fraud. He’s defrauding investors who for whatever reason just can’t see the fraud.
He preys specifically on naive investors and investors who are in dire need of quick returns.
I feel bad for those folks.
I don’t feel bad for the folks who’ve been shown facts and still can’t see. The folks who perpetuate the fraud with misinformation.
I’m a trader. It’s my job to buy low and sell high.
The thing is that I don’t have to say a word about con jobs like ONCI. They’re just going to fall. They’re being diluted on a scale that no retail effort can compete with.
They also bounce. I don’t have to say a word and it will fall and I don’t have to say a thing and it will bounce. My only concern is to not be holding during a fall. If I time a buy wrong get out fast. You’re either right or you’re wrong. If you’re wrong get out.
