When one comes to the board with a suggestion that the company is "about to announce" or that "they must have found gold" falls under the same rule. When one implies they know something not announced by the company, they have violated the rules. If they make it public in an effort to manipulate the pps, it not only violates Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1, it also is identified and prosecuted on the basis of manipulation. As the SEC states:
Manipulation
Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; improperly limiting the number of publicly-available shares; or rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions.
Now, this works both ways. One could say I manipulate the pps because I provide information showing the failures of the company which IMO are fraudulent actions by the company. Whereas, these posts stating absolute fiction in that the company is going to announce..., or the company must have hit gold..., and the fluff about the nonsense $1.78 billion Indian pvc deal, or the $700 million KRSNA mining contract with China.
Why I face no sanctions is simple. I produce facts. Why the company will face sanctions is the fictional press releases. Even the Safe Harbor disclosure cannot protect them now after the PVC deal. But, is it important enough for the SEC to do anything about it given the massive fraud discovered elsewhere? Who knows. There are bigger fish to fry than Chris Jensen and Rick Wilson. That's a fact. It's the bigger fish behind them that they want. And, that will take much more than ICBU and EXMT to take those guys down. To those guys, this is no different than a vending machine laundering operation. Throws a few bucks in the coffers and has little risk while providing toxic financing to all these little guys... and that's where their money is made. Easy to flush a few while banking 10 steps ahead.
Pump and dumps and poop and scoops. It's the world of the OTC market.
My Posts are MY Opinion, and If You Don't Like It, Report It To My Customer Service Manager Hellen Waite.
That's right, if you don't like it go to Hellen Waite.
