Replies to post #37728 on Bakken Energy Corp. (BKEN)

[MethodMan]

Truth be told I was suggested to buy this stock by the same people who suggested for me to buy D***.

Thank God I was smart enough to not get caught on D***.

Then I thought heck maybe something will happen here next week so I dropped $20K that now is a tax loss.

Hard Fact: The longs of D*** and the longs of BKEN are the same.

The BKEN longs are now saying they were scammed just like D***. I do not believe it.

It tells me the longs here actually do not have good DD.

[DragonBear]

With the events unfolding behind the scenes

like Rick Wilson possibly getting charged with securities fraud

If he dumped in violation of Rule 144 (e.g. restricted stock), and profited the SEC will nail him. If he did not profit while violating Rule 144 or some other, the SEC won't bother going after him. Although the SEC recently went after a few promoters, it's still rare.

I highly doubt he cares enough at this point to pay for any more promos considering he lost his a$$ this summer trying to get this moving

$15K per clip did seem expensive.

The spike in PPS is going to be so dismal (if it actually happens) that it's going to look like a fluke.

Without the paid promo, no new herd members. Any PR causing a spike won't generate volume at higher prices. No one here is going to bid it up on volume, diving in deeper. After all the idea is to sell all those average down shares, not buy more, and average up. My tea leaf prediction is any PR might generate volume at 001 to 0018. Calls will go up: Last chance to average down! Insiders will sell into it. Sooner or later a paper burping sound is heard. IF a PR causes any spike above 01, the insiders will quickly slurp up the bids. Retail will have trouble selling, as insiders can undercut any retail Asks on the stack. Up will go posts about evil MMs manipulating or keeping the price down. Yawn.

IMO, a pure generic nonsense PR to maintain a pulse is still possible in 2014. Another yawn. Maybe next yr the CMs will have replenished their promotional funding, after dribble selling the rest of this year. Assuming a SEC suspension doesn't arrive first for some past illegal dumping.