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Re: Li'l Jazz post# 27262

Tuesday, 06/05/2007 6:17:53 PM

Tuesday, June 05, 2007 6:17:53 PM

Post# of 37012
Bethany, your post includes the following exerpt the rest of this board should really pay attention to, here is the key point;
"The volatile price movements and press releases associated with this company have many of the characteristics of a pump and dump type of stock manipulation. I have attached an "Investor Watch" posted on the OSC website that provides a description of a "pump and dump" that you may find to be of interest".

Soooo, I looked up a great article on pump and dump, and look what I found!

Ask FoolU: Penny Stocks
By Jay Perlman (TMF Jay)
February 23, 2000

"Whatever the medium, the scheme, known as the "pump and dump," is always the same. Microcap stocks are great targets for pump-and-dump schemes because they are low-priced and thinly traded, and it's easy to gain control of the company. For example, if a company has 1,000,000 shares outstanding and trades at $0.10 per share, anyone can gain control of the company for as little as $60,000 ($0.10 multiplied by 600,000 shares). Once a fraudster and some of his associates have control of the company, the price manipulation begins. Dissemination of bogus press releases and choreographed buying and selling give the appearance of legitimate investor interest, so the price begins to rise. Investors, not wanting to be left behind, begin buying, which leads to further price increases. When the price gets to a certain level, the fraudster and his buddies dump their holdings for a handsome profit. The "dump" causes the price to collapse, leaving innocent investors holding the bag.

Warning Signs
Pitches that say you can get in on the ground floor of the next big thing
****Companies that make sudden shifts in their business
****Mergers with companies that nave no assets, operations, or products
****Press releases with information you can't verify
A sudden unexplained increase in the company's assets or stock
Promoters who bury the fact that they've been compensated for promoting the stock
Sudden increase in traffic on financial message boards

SEC Cracking Down on Spam 'Pump and Dump'
http://www.internetnews.com/bus-news/article.php/3664671

http://www.theregister.co.uk/2006/12/28/sec_freezes_stock_scammer_accounts/

http://securitywatch.eweek.com/exploits_and_attacks/sec_freezes_hightech_pump_and_dump_scheme.html








The above person is not Common shareholder friendly!

CEO Tom Scuzzofava ruined SWVC, do not buy, he is diluting!

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