Replies to post #132693 on TheDirectory.com, Inc. (SEEK)

[MindlessSelf]

As the sec investigation starts to unfold I will really be looking forward to your comments. I am long seek because the commission would cost more money then my investment if I were to sell. 30 billion authorized toxic debt delinquent filer sec whistleblowing from auditor all are perfectly logical explanations as to why we are here at no bid. Why some are completely ignoring those obvious facts are beyond me. Those are all very real too and not even theory for seek.

[ed7777777]

WARNING ABOUT SEEK! Short selling is motivated by the belief that a security's price will decline, enabling it to be bought back at a lower price to make a profit. Short selling may be prompted by speculation, or by the desire to hedge the downside risk of a long position in the same security or a related one. Since the risk of loss on a short sale is theoretically infinite, short selling should only be used by experienced traders who are familiar with its risks.
http://www.investopedia.com/terms/s/shortselling.asp

GO SEEK $$$$$$$

[Carini]

"Unfortunately, cellar boxing is real and running rampant in the OTC since 1999. SEEK is included as a victim in this tactic; although, it's also looked upon as a major asset if the company is able to turnaround and sustain solid growth. Forcing short sellers into a covering frenzy has happened prior when SEEK was pushed to 0.0077 and I believe it will happen again."

This is so unbelievably incorrect that it's not really worth even responding to, but I'll bite. Can you provide a single actual example of this happening in the last 10 years? And I don't mean some blog post from 2008, or an article speculating about the causes of the price action of a particular stock, I mean an SEC complaint or other regulatory action detailing who, when, and how such a scheme was perpetrated on a sub-penny OTC stock? You know, an actual example of someone being caught performing this "cellar boxing" trick in the OTC anytime since the new financial regulations went into effect in 2008? Or is it just something that "everybody knows" is totally happening, but just can't prove? Like Bigfoot and alien abductions? So, any examples?

I'll wait...

Maybe start by checking here?

http://www.whistleblower-insider.com/sec-fraud-actions/

But it's funny, I count something like 150 SEC actions in 2014 and not one involved illegal short-selling manipulation of an OTC stock... yet a whole bunch involved unlawful issuance/dumping of shares based on false news releases, misrepresented financials, fake revenues, or some other means of pumping up a stock on lies before dumping and diluting...

For example, here are just a few SEC actions, from just the last six months, detailing scams that actually do happen on the OTC, unlike "cellar boxing":

November 5, 2014 — The SEC announced enforcement actions against 10 companies for failing to make the required disclosures about financing deals and other unregistered sales that diluted their stock. The relevant companies and the penalties they will pay are as follows: APT MotoVox Group Inc., formerly known as Frozen Food Gift Group Inc. ($25,000); CoroWare Inc. ($50,000); ERF Wireless Inc. ($50,00); Green Automotive Company ($50,000); MineralRite Corporation ($25,000); Mondial Ventures Inc. ($50,000); Monster Arts Inc. ($25,000); Red Giant Entertainment Inc. ($25,000); Seaniemac International Ltd. ($50,000); Worthington Energy Inc. ($25,000).

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370543368026#.VRMbNPnF9Ia

November 17, 2014 — The SEC charged Joseph A. Noel, CEO of San Francisco-based penny stock company YesDTC Holdings, with defrauding investors by issuing false and misleading press releases portraying his purported marketing and infomercial company as a successful venture in order to drive the stock price up while he covertly sold millions of shares into the public market for more than $300,000 in illicit profits.

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370543469562#.VHtBlVYo7IU

November 21, 2014 — The SEC charged father-and-son executives Robert and Marc Benou at New Jersey-based penny stock company Conolog Corporation for issuing false and misleading press releases while secretly selling thousands of their own stock shares into the market.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370543519166#.VHs5gVYo7IU