Replies to post #37297 on Bakken Energy Corp. (BKEN)

[PennyStockYoda]

It'll never happen. The cost of lawyers alone would deter most private
citizens from filing such a lawsuit. Anyone here with that kind of money
to put down on a lawyer should just run a paid promo. Would cost them
$50,000 to $90,000 less than hiring a law firm that can prosecute securities
crimes.

[DragonBear]

It is not SEC, it is some individuals filing criminal charges for Securities Fraud

Actually it would involve the SEC up front. Where it typical starts with FINRA reporting insiders are illegally dumping for profit. From there the SEC addresses all civil violations of securities later discovered, bringing litigation, fines and disgorgements. Criminal violations are typically referred to the NY AG.

Lay out exactly what Rick Wilson et al have done to rate criminal charges. I'll admit not being up to speed on this hamster. Remember lying out of your eye sockets to perpetrate a P&D for personal profit is civil not criminal.

There is also a group of promoters who roam from stock to stock acting as "consultants", giving insiders ideas on how to pull off a scam. They often remain off the SEC radar for years.

The pitiful part is the master minds reside in China. Unless China plays along with the SEC, the Chinese Masters will feel no pain. No disgorgements of stock dumping profits. No fines. Instead they can change their name, move to a new location in China, and start their next scam.

One thing is clear BKEN NO BID might come any day now since that "filing" confirmed the worst.

Don't doubt the power of a paid promo. There's always some pie eyed dreamer who will buy. Really, what's one more garbage filing in OTC land? It should take one about 5-10 minutes to confirm it's a scam. Doesn't matter if it's the latest quarterly, annual, or past annual. No pie eyed dreamer receiving an Email alert from a promo site they subscribe to is going to read an OTC filing. Instead they read the alert, the PR, and dive into a fraud.