Obocon Inc. (OBCN)

[DWillie]

I had no idea Justin Costello was behind this ticker as well. That explains a lot of what happened here early on. Him and Computerbux stole a lot of money from us. I can't believe I got caught up with these scammers. He got me on this one and GRNF. At least I'm on the victim list if he ever pays out any restitution.

https://www.securitieslawyer101.com/2022/sec-defendant-and-fbi-fugitive-justin-costello-arrested/

Costello also conducted a series of manipulative pump-and-dump schemes on at least three other issuers besides GRNF and HPST between October 2019 and January 2021, including Foothills Exploration Inc (FTXP), REMSleep Holdings Inc (RMSL), and Clancy Systems International Inc (formerly CLSI, now Obocon Inc (OBCN)). To conduct the manipulative schemes, Costello (1) purchased the securities of these issuers in brokerage accounts under his control; (2) secretly recruited and agreed to pay promoters to tout the stock on Twitter and other social media; (3) sold the stock he had accumulated after the price increased due to the illegal touting of the stock; (4) paid the promoters a share of the illicit profits for their activities.

The Indictment singled out one of those promoters by the initials D.F [computerbux on ihub and twitter]. According to the Indictment, Costello was in regular contact with D.F. about buys and sells of the manipulated securities and agreed on a 70%-30% split of the trading profits with D.F.

Together Costello’s misrepresentations and D.F.’s social media posts helped turn GRNF into one of the most memorable pump-and-dumps of all time. The stock price rose from a fraction of a penny to a high of $2.22 before negative exposure, self-awareness, and dilution eventually took the price back down to below a penny.

Costello also conducted a series of manipulative pump-and-dump schemes on at least three other issuers besides GRNF and HPST between October 2019 and January 2021, including Foothills Exploration Inc (FTXP), REMSleep Holdings Inc (RMSL), and Clancy Systems International Inc (formerly CLSI, now Obocon Inc (OBCN)). To conduct the manipulative schemes, Costello (1) purchased the securities of these issuers in brokerage accounts under his control; (2) secretly recruited and agreed to pay promoters to tout the stock on Twitter and other social media; (3) sold the stock he had accumulated after the price increased due to the illegal touting of the stock; (4) paid the promoters a share of the illicit profits for their activities.

The Indictment singled out one of those promoters by the initials D.F. According to the Indictment, Costello was in regular contact with D.F. about buys and sells of the manipulated securities and agreed on a 70%-30% split of the trading profits with D.F.

Together Costello’s misrepresentations and D.F.’s social media posts helped turn GRNF into one of the most memorable pump-and-dumps of all time. The stock price rose from a fraction of a penny to a high of $2.22 before negative exposure, self-awareness, and dilution eventually took the price back down to below a penny.