Cytodyn Inc (CYDY)

[janice shell]

Guess you never heard of James Allen Craig? Without using google he comes to mind. I remember that case very well. And guess what? He did what all the bashers are doing here- " company is under investigation"...without one stitch of evidence.

Now that you bring him up, I vaguely remember him, but his name was James Alan Craig. He's a Scot. Lives in Scotland. Posted at Twitter for two days in a row, about two different stocks, back in 2013:

https://www.sec.gov/litigation/litreleases/lr-23401

The complaint:

https://www.sec.gov/files/litigation/complaints/2015/comp-pr2015-254.pdf

This is what he did:

This action concerns the use of social media – “tweets” from Twitter accounts – to commit securities fraud by making false statements about publicly traded companies in order to manipulate the price of these companies’ exchange-traded securities. On January 29, 2013, Defendant James Alan Craig (“Craig”) sent out phony tweets regarding Audience, Inc. (“Audience”), a public technology company, from a Twitter account designed by him to resemble the account of a securities research firm called Muddy Waters Research (“Muddy Waters”). The tweets falsely stated that the Department of Justice was investigating Audience. This Twitter account issued eight phony Muddy Waters tweets over a span of ninety minutes, causing trading activity in Audience stock to increase and the company’s share price to fall sharply. Audience’s share price dropped approximately 28%, prompting the Nasdaq exchange to temporarily halt trading of Audience stock.

The next day on January 30, 2013, Craig sent out phony tweets regarding Sarepta Therapeutics, Inc. (“Sarepta”), a public biopharmaceutical company, from a second Twitter account designed to resemble that of Citron Research, another securities research firm. The tweets falsely stated that the Food and Drug Administration had seized the company’s drug trial papers and that certain trial results were tainted. Again, as a result, the volume of trading in Sarepta stock spiked and the company’s share price dropped to a low 16% below where it had traded just before the false tweets.

In an attempt to capitalize on the downward stock price movement he caused, Craig bought and sold Audience shares on January 29 and Sarepta shares on January 30. On each occasion, Craig bought the securities approximately ten minutes after the companies’ stock prices started falling in response to the phony tweets. Craig’s trading in connection with these two market manipulations demonstrates that he attempted to manipulate the equity price of these two issuers by issuing fraudulent tweets about the companies so that he could profit personally. He waited too long each time to trade the stock and therefore only profited approximately $100 collectively from his manipulations.

So obviously he was a moron. And he was not doing what anyone on this board has done. Has anyone here imitated Carson Block? Don't think so. For the second company he tried his manipulation on, he imitated Citron Research's Andrew Left. I don't think anyone here has done that, either.

And come to think of it, I remember a similar case from back in 1999. The perp was caught, though he made more money than the Craig idiot.

Cooperating in an investigation and being under investigation are night and day.

No it isn't. Everyone knows what "Mr X is cooperating with the authorities" usually means. And what screenshots to you intend to "fish out"? Out of what? Why would your friends be interested in seeing them? Are they porn?