served as a patsy for a group of pump-and-dump boosters who engaged in speculative activity in Kingdom's stock earlier this year.
Anyone care to guess who those people are? LOL!!
Also...Gary Loomis, a former member of CVCC and investor in Kingdom Ventures, says John Jackson was well aware of RCM's plans to inflate the price of the company's stock with an aggressive investor-relations campaign.
"Before all this began, I told John that this [deal with RCM] has all the hallmarks of a classic offshore pump and dump," says Loomis, who was formerly the emergency operation center team leader for the City of Los Angeles and is now retired. "He wanted to discuss the definition of a pump and dump. He drew a bell-shaped curve and drew a straight line across the bottom of both sides and said, 'If the stock price starts off here and end up here, that's a pump and dump. But if it ends up slightly higher, then that's different.' I just kind of laughed and said, 'John, what happens to all the investors that buy at much higher prices and lose most of their investment when the stock goes down.' And he had no answer."
John Jackson said in an email message that this conversation never took place, and characterized Loomis's insinuations as "laughable."
WOW...NO COMMENT
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