A LOT of these scam stocks trade wildly based on the amount of lies by management and the level of greed by both the management and retailers buying the stock. This one happened to get a bit of a pump because it took a while before the GOV. and other legal entities went after rufus and his budides. If they had jumped on this quickly after the SEC filings...I think a lot less money would have been lost.
Most people fail to realize the SEC does NOT monitor and verify all filings...they rely on honesty, and outside scrutiny to catch the crooks moreso than internal auditing controls. So....it generally does take a while before the scammers get looked at.
I know quite a few people were on the band wagon from the start...pumping to no end the obscene amounts of money they were going to make...all under the pretext of "helping the less fortunate". That was one of his big selling points...not that you "might" get rich...but what were you going to do with the fantastic amounts of money you were going to make to improve the world and the less fortunate.
Rufus had a very good front end on his scam...he sucked in a lot of people using "save the world" rhetoric and playing on the emotions of people thinking they really could be in a position to help others...AFTER they themselves were financially secure.
But...in my opinion....his schizophrenic, and sociopathic mentality couldn't finish the scam...his inability to think logically and rationally outside a drunken stuper, along with his Napoleon complex, coupled with sheer arrogance and stupidity...geeez...I could go on and on and on...
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