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NewYork 2013

08/13/14 10:48 AM

#75990 RE: kingxeno #75989

That's why you are not GNCP :p

Militia Man

08/13/14 10:49 AM

#75991 RE: kingxeno #75989

Based on what exactly, 1%? I'll bet it is more likely 99% that the next PR won't get posted.. Lets see who wins shall we?

ctrumabll

08/13/14 10:49 AM

#75992 RE: kingxeno #75989

While a R/S might be the standard trick here, Lumb & Lowenthal have never R/S any of their scams. They just let them drift off, find another shell, and create a new "mining company."

I am beginning to suspect that it is a good strategy. Despite the number of scams that these guys have run, and the fact that FINRA has been made aware of Lumb's shenanigans in HGLC, they have managed to avoid full-bore SEC scrutiny. Perhaps not doing a R/S has kept them under the SEC's radar.