Regarding paid promoters: One of the disturbing things I have noticed in the last year is that paid promoters are now paying individual/private iHub posters to promote the stocks they (the promoters) have been paid to promote. These mostly previously private posters then spam the discussion boards of the stocks being promoted for a tiny fee.
Because they are receiving compensation to promote a stock, iHub requires these subsequently-paid posters to have an IRP account (accounts for paid promoters), which includes a link for them to disclose the stocks they have been paid to promote, the amount of compensation, who paid them and the date. Unfortunately, I don't believe that most of these private promoters are accurately disclosing their payments, and if they do, they are not doing so on a timely basis. I also think that not all of these paid posters have registered IRP accounts and provide disclosure.
The payments to these posters are often $50 or less per stock being promoted, which seems to pay for these posters to spam the forum of that stock with dozens of posts per day touting the stock as well as spamming other trading forums about it.
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