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pitadog

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pitadog

Re: bluz66 post# 10876

Saturday, 02/05/2011 11:42:50 AM

Saturday, February 05, 2011 11:42:50 AM

Post# of 19980
The SEC doesn't have the staff to chase all the dudes with their pump and dump schemes...takes a lot of effort, as it is not against the law to trade corp. shares on a note for cash, then within the time requirements, the note holder converts the notes to stock and sells on the market. U will normally see the company put out a lot of fluff PR's, hire "market awareness" firms, who also will hire "market awareness" stock board posters to help with the pump.

If the scammer company management is very skillful, they don't get caught. The penalties, if caught by the SEC seem to be much too low to matter, so it is a risk/reward scenario for them. gltu

"For those who believe, no proof is necessary. For those who disbelieve, no amount of proof is sufficient."- St. Ingatius of Loyola

"And both positions are folly. Within the middle is the truth" -the old dog of Texas

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