eik's stock talk

[euddoggwyn]

comparing this description of the playstar scam with the ihub playstar board:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38050656

http://investorshub.advfn.com/boards/board.aspx?board_id=3011

good way to see how these people operatate. compare/contrast with other boards of personal interest.

58. The Playstar scheme occurred between October and December 2006 and generated approximately $1,180,294 in illicit profits. Defendant Gerard D'Amaro participated in this scheme with Dynkowski and served as the liaison with the CEO of Playstar. D'Amaro also provided the nominee accounts from which Dynkowski dumped Playstar shares provided by the company.

59. Starting on October 19,2006, Dynkowski and others began inflating the price ofPlaystar stock through manipulative trading, including using wash sales and matched orders accounting for millions ofshares in volume. This manipulative trading artificially inflated the company's stock price.

60. D'Amaro arranged with Playstar's CEO to have the company issue numerous touting or misleading press releases between November 8 and December 20, 2006, which coincided with Dynkowski's manipulative trading and helped further boost the price ofthe company's stock. Indeed, on November 10, 2006, Playstar used the same misleading NOBO press release tactic that Dynkowski had used days earlier for Asia Global and one month later for GH3. Playstar's NOBO press release misleadingly suggested that ''naked short selling" was responsible for an unexplained "large short position" in its stock. In reality, the alleged naked short selling was actually Dynkowski dumping the shares he had received from Playstar.

61. The scheme was successful at dramatically raising Playstar's stock price. On October 18, 2006, the day before Dynkowski and his associates began pumping the stock, it closed at halfa penny per share. By November 9, 2006, the stock closed at 12 cents per share, an increase of2,300%.

62. Between October 18 and December 19,2006, P1aystar arranged for more than 39.6 million shares to be transferred to two accounts that D'Amaro set up at Spartan Securities in the names of Market Solutions and W.S. Trading, entities that D'Amaro owns. At the direction ofthe company, the transfer agent issued these shares without restrictive legend. These offers and sales ofsecurities were unregistered and not subject to a valid exemption from registration.

63. Dynkowski and D'Amaro controlled the sales from these accounts at Spartan Securities. Although Dynkowski is not listed as an authorized trader on the accounts, he placed the majority ofthe orders for Playstar stock in the Market Solutions and W.S. Trading accounts. Dynkowski andD'Amaro sold the shares from Playstar in three waves, the first on October 19,23-27, and 31,2006, the second on November 15, 16, and 17,2006, and the third on December 11, 14, 15, 18 and 20,2006. In total, Dynkowski and D'Amaro sold more than 39.6 million shares ofPlaystar for a profit of $1,180,294. Dynkowski and D'Amaro divided the illicit gains from this scheme between themselves and Playstar or its representatives.