Wednesday, February 14, 2024 3:21:01 PM
These toxic lenders are making a bundle with GS Capital now moving shares priced at only $0.00012. They have the money to pay for the New to the Street infomercials and deploy promoters to these boards. Meanwhile, only 3 million shares traded so far today with less than an hour left so liquidity is drying up. Indicates to me that fewer gamblers are willing to thread the needle for their flip amid the dilution.
https://www.linkedin.com/pulse/sec-widening-its-war-toxic-funders-steve-taylor/
...Section 17(b) of the Securities Act of 1933 requires anyone that is paid to promote a stock must disclose the amount of the payment and who paid them. This is probably the most violated SEC regulation, which is not a surprise as it is also the least enforced. Toxic funders routinely pay promoters to pump the stocks in which they are funding. ...
...To make money on their toxic convertible loan, these funders require volume to dump into. Lots of volume, because they have a lot of stock to sell. Thus the need for lots of promoters, most of whom are non-disclosing as telling the public they are getting paid to pump, and who paid them to do it, would scare even the most die-hard penny plunger away....
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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