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Alias Born | 07/13/2012 |
Thursday, September 26, 2013 6:19:06 PM
So what you are saying is that, in your opinion, this is fitting into the classic ANATOMY OF A SCAM/TOXIC TRADING PATTERN scam as outlined in Ihub's Stock Playars Caution Statements?:
http://investorshub.advfn.com/%C2%BB%C2%BB%C2%BB-Stock-Playas-%C2%AB%C2%AB%C2%AB-23001/
Caution Statements
ANATOMY OF A SCAM TOXIC / TRADING PATTERN
1. Take a shell which you control and buy back as many shares as possible while it has nothing in it and convert loans into more free trading shares such that the majority of all free trading shares are in the hands of the promoters; 1. PPS drops to .000#
2. Find an inventor with a failed technology or an inventor with a hopeful technology but the inventor is broke and the technology is going nowhere; 2. R/S the stock
3. Restructure the deal somewhat to accommodate the inventor but give him restricted shares; 3. PPS drops to .000#
4. Find some dope to act as CEO. It's even better if the CEO is broke and needs money from the scam to survive. In this way the CEO is totally controlled by the scammer promoters. 4. Management loads on undervalued shares, while everyone else sold out on panic or anger
5. Issue out some Fluffy PR's about how great the technology is. 5. P&D compaign begins
6. Find some individuals in far off places that seem to be legitimate to make claims of contracts and projections. 6. People buy in, stock going up
7. Put out fluffier PR's about how the technology is coming along; 7. Managment Sells
8. Sell some shares to naive investors; 8. Dilute by issuing
9. Issue some more Fluffy PR's with sales projections. 9. Repeat Step 1
10. Sell some more free trading shares to new investors buying into the fluffy news about the claimed technology.
11. When the deal ultimately fails, rinse and repeat.
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