The GH3 pump-and-dump scheme occurred between October and December 2006. Dynkowski orchestrated this fraud with Defendant Matthew Brown, who operates a penny stock website called InvestorsHub.com. Brown introduced Dynkowski to a representative ofGH3, and to Defendant Jake Canceli, a penny stock promoter who participated in the scheme. Brown acted as a liaison between Dynkowski, Canceli, and the issuer. Dynkowski and his associates used wash sales, matched orders, and other manipulative trading, timed to coincide with false, misleading, and touting press releases by the company, to artificially inflate the price ofGH3 stock. Canceli provided the accounts from which Dynkowski subsequently sold purportedly unrestricted shares received from the issuer. The scheme culminated in mid-December 2006, with Dynkowski dumping 312 million shares ofGH3 stock for total proceeds of $747,609.
Posted by: Stock Lobster Date: Saturday, February 10, 2007 11:03:34 AM In reply to: nkdroth who wrote msg# 12251 Post # of 307975
Warning Pic #5, Fake Bid support GHTI
LAMP, MICA, SALI, SEAB and NITE on the bid seem to be the gang to be wary of these days, and MICA acting as the diluter on the ask is becoming more common.
In the case of GHTI, these same market makers, who looked so harmless and supportive on the bid, turned around in a minute, and began selling relentlessly, forcing the PPS down without mercy..lol!
_______________________________________________________ If you take anything I say as advice, you're crazier than I am.
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