DD Support Board and Research Team

[Michael-Goode]

Raul isn't exactly trying hard to hide his identity (although that name could be a psuedonym). He is a web programmer who says he was hired to work on the StockHaven website. Stockhaven itself said it was having work done just prior to sending out their email warning about the PennyMafia.com website. He alleges that StockHaven did not pay him for that work. I can definitely confirm that he is a web programmer -- he offered to rebuild my blog with Joomla after my Wordpress installation got infected. He did do a significant amount of work on it before I got frustrated with the complexity of Joomla and rebuilt my site using Wordpress. He never asked for money for the work and I did not pay him -- he offered because he was grateful for the help I had given him with penny stocks in Tim Sykes' chatroom.

Stockhaven's allegation that Penny Mafia didn't disclose the ANTS position he held when he sent the emails on it is incorrect. He clearly stated that he was long (it was above the legalese). Stockhaven's assertion that the Penny Mafia legalese is inadequate is also wrong in my opinion. The SEC has clearly argued and won cases when stock promoters used language such as "we may have a position and may buy or sell this stock" that sold into subscribers buying -- that phrase does not protect the pumper who engages in scalping. I doubt a court would find someone guilty if they just did random trading without having such a disclosure.

This is Raul's take on Stockhaven: http://stockhavenscam.com/stock-haven-22-year-old-scam-artist.html

As to the fake pump email on SWTR, I find it hard to believe that Raul would be so stupid as to send the emails directly from his email account. The unsubscribe link at the bottom of the email is the one thing that has me stumped -- it is to an email redirect link on the pennymafia.com website that then redirects to an icontact unsubscribe page for what appears to be his pump email account. None of the emails I received from pennymafia.com ever had such a link, so I find it hard to believe that someone other than him could have made that link work. But I still find it hard to believe that he would be dumb enough to send a poorly spoofed fake pump email that links directly back to his website.