ALERT ALERT ALERT!!!! SOMETHINGS NEVER CHANGE!!!!!!!
Daryn Fleming, owner and operator of IBC Radio:
Mr. Fleming says that other Silicon Investor users know that he is president of Wall Street West and is paid to promote companies. "I say that in most of my postings because of the potential conflict of interest," he says. But in his last 75 messages posted on Silicon Investor, Mr. Fleming doesn't make any disclosures about receiving payments. He occasionally identifies himself or his affiliation with Wall Street West.
In a sales pitch to prospective clients on Wall Street West's Web site (www.wallstreetwest.com), the firm says it can disseminate information on companies through a variety of outlets, including message boards. "There are more than 30,000 electronic bulletin boards on the Internet. We have the ability to post messages on these boards, targeting prospective investors," according to the site.
Of the 15 companies listed as "selected stocks" on the Wall Street West site, 11 have message boards on Silicon Investor. Mr. Fleming has been an active participant in all of them. LMFAO!
In an interview Thursday, Mr. Fleming said that he has slowed down in posting to Silicon Investor. "I think you're going to see a lot less posting from me, and it will probably stop entirely, because I think some people could see it as a conflict of interest and we don't want that," he said. . did you say SEC? LOL!
Still, early Friday, Mr. Fleming created a new message board on Silicon Investor dedicated to MobileVest, a company in a Sebring, Fla., that manages manufactured housing communities. Wall Street West issued a research report and "buy" recommendation on MobileVest late last week.
Wall Street West's first client, Mr. Fleming says, was U.S. Basketball League, a group that franchises minor league basketball teams. Mr. Fleming began posting on a message board devoted to the company shortly after being retained by the company. "Rumors abound about ... oh I won't say what. I will say BUY BUY BUY. GO USBL!" he wrote in one of the first messages on the forum. "Looks like this thing could explode!" he wrote in another. He repeatedly suggested that others buy the stock, and predicted the stock, which is quoted on the OTC bulletin Board for around $2.20 a share, would reach $5 a share.
Mr. Fleming never revealed on the U.S. Basketball message board that he was president of Wall Street West, or that his company had received compensation in exchange for promoting U.S. Basketball.
A spokesman for U.S. Basketball, which is based in Milford, Conn., couldn't be reached for comment.
boy oh boy and he's got your money! LMFAO
