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Friday, 09/30/2011 1:25:54 PM

Friday, September 30, 2011 1:25:54 PM

Post# of 1058
References to pump and dump made in various Ihub postings herein have been made repeatedly....below is the SEC's definition/guidance on this matter...there have never been false or misleading statements published by BMXD...therefore, use of the words pump and dump are not called for....it is not appropriate and may be construed differently and be misleading to people viewing this chat room...please be more considerate and careful in the future on this board...thank you in advance...companies in the US are legally permitted to advertise and shareholders permitted to sell...this company has real assets revenues, etc...I do not like the companies out there that haveo revenues or assets which heavily promote thier stocks, and some use overly agressive PR...that is not fair to investors and that practice needs to stop...IMO

Pump and Dump Schemes
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.

Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.

For more information about microcap fraud, please read our publication, Microcap Stock: A Guide for Investors.

http://www.sec.gov/answers/pumpdump.htm


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