Ultrack Systems Inc (MJLB)

[VST7]

Did CEO/Steve do this (below) early this week??OTCMarkets slapped him with a Stock Promotion tag warning yesterday, MJLB could get a "Caveat Emptor" warning bcuz of this..Read below, especially in red..

Stock scalping refers to the illegal and deceptive practice of recommending that others purchase a security while secretly selling the same security. In recent years, the Securities and Exchange Commission (the “SEC”) and Department of Justice have brought an increasing number of cases alleging securities violations for stock scalping activity. Most often stock scalping occurs in connection with stock promotion or penny stock investor relations activity.

In these schemes, investor relations paid in securities are often engaged in stock scalping activity. Other times, insiders may hire or cause third parties to hire investor relations providers to increase the price and volume of an penny stock issuer’s stock so that they can secretly sell their securities during the investor relations campaigns.

A key element of criminal cases involving stock scalping schemes is that the scalpers recommend that investors purchase stock while secretly selling their own securities.


https://www.otcmarkets.com/files/OTC_Markets_Group_Policy_on_Stock_Promotion.pdf


Misleading and manipulative promotion of companies with little or no assets or business activity is of concern to OTC Markets. Anonymous paid promotion of these companies may raise red flags with regulators.

OTC Markets Group designates certain securities with “Caveat Emptor” and places a skull and crossbones icon next to the stock’s ticker symbol as it appears on OTC Markets Group’s websites, data feeds and social media, as notice of a potential public interest concern associated with the security, and to caution investors to exercise additional care and perform thorough due diligence before making any investment decision.

OTC Markets Group may designate a security undergoing promotion as Caveat Emptor, if, in OTCMarkets Group’s determination, the stock promotion presents a public interest concern or if the company has not made adequate current information available to investors.