The last low float stock that Ryan Franks front loaded and pump and dumped was CAPB
Here is his newsletter for that pump and dump from July 27, 2011 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65615523
Again the email blast happened at 9:42 am
This time the newsletter was full of flat out lies. Ryan Franks put numbers in the email newsletter that belonged to another company (CBCR) not CAPB. CAPB delisted in March of 2009. The public shell no longer had any assets or operations after that. It was by every definition of the phrase - a dead shell.
But to Ryan Franks it was a low float play. A chance to make money at the expense of other investors. Front loading share then doing an email promo full of lies then dumping on the unsuspecting followers is very much illegal.
Here is what happened to CAPB on July 27, 2011.
The promo shot the price up from $.015/share at the open to high of $.04/share in the minutes following the email blast.
Just like with IBFL the dumping started shortly after the email blast and the price tanked back down from $.40/share to a close of $.113/share. A whole bunch of bag holders were created because very few people were able to get in before the profit line was broke and many that did were not smart enough to sell before their profits disappeared.
The next day the stock continue to drop closing at $.069/share
On July 29th the stock closed at $.05/share
On By August 2nd the stock was down to $.04/share
It gradually sank from there closing at $.02/share today.
The pump&dump prompted Pumpsanddumps.com to write this: http://www.pumpsanddumps.com/2011/08/touts-seedy-side-of-being-stock-pimp.html
We label the Stock Psycho at PennyStockAlerts.com, its owner IPR Agency, LLC and its publisher Ryan Franks criminals. And we've sent this to the SEC. We strongly urge all hurt by this scam to do so as well.