SEC Charges Eleven in Stock Manipulation Ring

[gotmilk]

What I say next has been said many times by many people using many different words.

My take on Matt's ingress towards building IH is align with the following word; (to) perpetrate - perform an act, usually with a negative connotation.

(this) "Willing to perpetrate in activity of an unsavory nature."
(rather than) "Willing to commit only crimes that were unlikely to be detected."

SI was created for the serious invester to obtain the type of information the big boys on wall street had to do due diligence on companies.

Raging Bull was then created for the arena of penny stocks where fraudulent companies and shammers suck dry the investments of the never ending hordes of the great unwashed.

Matt saw the big money being made, all in the open and legal.

- 1998 Dreyer brothers sold SI for $144 million in cash and stock
- 1999 Rusty Szurek sold Raging Bull for $350 million in cash and stock

For Matt, all that was needed was some seed money from another person and a quick message board self-help learning manual.

Matt needed a third market of investing, to gather investors not found in SI and not found in RB, but these markets were exotic in nature with few players playing big money.

Matt's study of SI concluded with it to be a stable healthy environment.

Matt focused on Raging Bull, looking for an angle, a weakness, defect, or flaw in their structure and observed chaos and reigns of terror among the posters.

Matt created a second Raging Bull with name of IH having chaos eliminated thru only one board per company with a moderator (Wolf Guarding The Chicken Coop) structure.

Then it happened, personal friend(s) and certain members from Raging Bull with criminal intent saw an opportunity at IH to replace chaos with order while still being master of the reign of terror to control.

IH became a new and different mecca for penny stocks.

Seemly a kinder and nicer and safer place than Raging Bull, the great unwashed thought.

It was a trap.

re: "a month before charges were filed [Matt] was in total shock over shameless pumping"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37119848

No contradiction for Matt's outrage in the above post, for IH was created with that tone of fair administration and it must be presented as such, the TOU blew smoke and hide from view the transformation of IH as a vehicle for criminal activity for the few allowed.

It was easy, using "personal attack" to justify a rule of law that can not be contested as unfair.

There Is Nothing New Under The Sun
What has been will be again, what has been done will be done again.
It was here already, long ago; it was here before our time.

Doug