Replies to post #30519 on Two Hands Corp (TWOH)

[roger wilco]

I wish I could get a 5-bagger every day!
(Even a fantastic 4 bagger!)

[pitts77h]

Wow, this POS just keeps cratering!

5 Baggers are always nice

No 5 baggers here - noting but loss and dilution. But then, just a little research could have save a lot of pain. This is such a transparent scam! Here's a good outline of how the scummers running this scam operate.


http://www.hotstocked.com/article/88551/new-pump-for-innovative-product-opportunities.html

...June 16, after it executed a reverse 1 for 1000 split, reducing its outstanding shares 1000 times.

Ever since then, IPRU has gone to dilute its post-split share structure to kingdom come, with 245,803,000 common shares issued and outstanding as of August 14. The company's reverse split became effective on June 16. Starting the next day, IPRU has been dishing out large amounts of shares at the speed of light. On June 17 alone IPRU issued 123 million new shares, including 15 million shares issued to CEO Nadav Elituv as stock compensation.

Several days later a total of 27.5 million shares were issued to The Cellular Connection Ltd., with a fixed conversion price of $0.0002 per share, or 500 times below the market price at the time of conversion. IPRU had $343 in the bank last time it reported financials. The company dropped a PR yesterday, conveniently timed to coincide with the pump but it did nothing to stem the terrible dumping.

Additionally, IPRU was pumped back in late September, with the outcome of the pump clearly visible on the chart to the right. While the previous round ran for a while, yesterday was a disaster right out of the gate.

As usual, this serves to remind investors that doing one's own due diligence before investing in any stock is essential.