Profitable Developments, Inc. (PRDL)

[lbdave]

It's really a pretty easy read here. Cedric needs cash, so he sells discounted shares to an accredited investor at a DEEP discount to market price. The accredited investor then pays the pumper touts peanuts so he can fleece the naive when news comes out. To sum it it up, it's like this. Ceddy got the cash he needed, the accredited investor made 100%-400% on his investment in a few days, the pumpers made 100 dollars or so to pump the POS, Ceddy releases news to create the liquidity for the dump, and the naive are new bagholders added to the large collection of past bagholders.

Really sad to see this same old rinse and repeat sagga continue with this company. I guess some people will sell their soul for a few dollars.