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Re: Perfectson post# 111825

Thursday, 01/12/2023 9:07:24 AM

Thursday, January 12, 2023 9:07:24 AM

Post# of 112669

MCIG has been around at least 8 years - what does it matter that a PR hasn't been released in the past 3 years?



I was responding to accusations that Bots is a pump and dump scheme. As I pointed out previously, a pump and dump scheme, as defined by the SEC and multiple other sources...

Pump and Dump Schemes

In a pump and dump scheme, fraudsters typically spread false or misleading information to create a buying frenzy that will “pump” up the price of a stock and then “dump” shares of the stock by selling their own shares at the inflated price. Once the fraudsters dump their shares and stop hyping the stock, the stock price typically falls and investors lose money.

False or misleading information about a company’s stock price may be spread through sources including social media, investment research websites, investment newsletters, online advertisements, email, Internet chat rooms, direct mail, newspapers, magazines, and radio. Microcap companies are particularly vulnerable to pump and dump schemes because there is often limited publicly-available information about microcap companies.



So, even if you believe, without evidence, that management somehow escaped reporting profits from selling stock, how could Bots be a pump and dump when there is no evidence of anything resembling a pump since First Bitcoin merged with mCig and restructured and redirected the company three years ago? There have only been a handful of PR's during that time.

BTZI's pps has gone up over 100% in the last three days. I haven't seen a stitch of news, have you? So who's pumping it now. The pump and dump claims are BS. Must I say it...

Debunked Again!

Les