DD Support Board and Research Team

[samsamsamiam]

COWP/COWPP = ZOMBIE ticker
Canal Capital Corporation
last SEC filing Form 15
https://www.sec.gov/Archives/edgar/data/101821/000106299312005295/form1515d.htm

Delaware shows last filing Certificate of Dissolution on 9/26/2013
"This entity filed a certificate of dissolution 09/26/13"

OTC shows STOP SIGN
https://www.otcmarkets.com/stock/COWPP/overview
Warning! This company may not be making material information publicly available
Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.



No News No Filings in years

Appears a Twitter promo group (#banktank) has picked it up and is using it for one of their pump and dumps.

https://www.washingtonpost.com/business/economy/zombie-stocks-trading-often-goes-on-after-companies-stop-filing-sec-disclosures/2011/06/20/AG1NjSgH_story.html

…
The SEC stepped up its attack on the zombies this year, linking them to several types of investor scams. About 1,200 companies are delinquent by more than a year, according to the SEC. But it takes time and effort for the SEC to stop the trading in these companies’ shares, even if they are on regulators’ radar.
The agency has “insufficient resources to get to all of them,” so it prioritizes on the basis of the threat to investors, giving highest priority to cases in which fraud appears ongoing or imminent, said SEC spokesman John Nester.
…
Those circumstances can leave investors especially vulnerable to ma­nipu­la­tion, according to the SEC. In the absence of solid information about companies, unscrupulous traders can fill the vacuum with hype and misinformation, enticing investors to buy at inflated prices.
It’s a classic scam known as the “pump and dump.”

“The problem is when someone sends out an e-mail that says, ‘Hey, this company has invented the Internet, or the next Internet,’?” and there is no authoritative information out there to provide a reality check, said R. Cromwell Coulson, president of OTC Markets Group.
OTC Markets runs an online marketplace for stocks that do not trade on major exchanges.
…
When OTC Markets hears that someone is hyping a stock, it displays a skull and crossbones beside it — to warn investors that “there may be pirates around,” Coulson said.


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lets see how long it lasts...

Billionaire Asher Edelman who at one time owned shares is part of the pump.
Gordon Gekko character was based on Asher Edelman. Question is would Edelman report the pump and dump or hire the guys doing the pump and dump??