DELETED BY NEOM MODERATORS 12/13/2005
You make an excellent point..
in your observation of the SEC's focus on "paid promoters" versus "paid bashers".
The SEC has released volumes of information and warnings regarding paid promoters and their use of message boards, emails and newsletters. At the other end of the spectrum, there is little to no information or warnings produced by the SEC in regards to paid bashers. I believe it is fair to conclude that the SEC – the regulatory body that oversees the financial markets – finds paid promoters far more potentially damaging to the retail investor than the “paid basher”, if such an entity actually exists.
In fact I think it is quite likely that the “bashers handbook” so often cited on the message boards of penny stocks – this board included -- is actually a creation of paid promoters. It acts as a cute piece of misdirection propaganda that can be employed to undermine the opinion and analysis of market watchdogs and disenchanted investors while serving the interests of the real parasites in the dark underbelly of the stock market that we call the OTC-BB and Pink Sheets.
Over nearly ten years of observing financial message boards I have concluded that it is an undeniable fact that paid promoters dominate this method of reaching the retail investor. I also conclude that most paid promoters, or those compensated to dogmatically root for price appreciation in the face of nonexistent underlying fundamentals, quite often play both sides of the trade. That is to say—the same players who benefited financially on the “pump” also do so on the “dump”.
The electronic message board, like IHUB, and email newsletter, like Tobin Smith’s, have replaced the old telephone-filled boiler room as the communication method of choice by the organized crime element that operates within the micro-cap marketplace.
