Replies to post #14192 on Double Crown Resources Inc. (fka DDCC)

[Dad4487]

With penny stock it's hard to prove scam, especially with language usage as forward looking statements
But
This is something that all should look into as to DDCC:
No Information Warning
This company may not be making material information publicly available.

If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.

What is insider trading?

Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.

Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.

Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.

Why does OTC Markets display this warning?

Companies that are identified on otcmarkets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available.

[DragonBear]

Sorry, all you have established is that DDCC is late right now in filing their financials.

A little more has been established than that:

1. DDCC claimed gold broker activities are unsubstantiated, and a scam. They do not have the financial means to become one.

2. DDCC went delinquent on its 2015 10K, and offered their SHs no explanation in the form of a 8K filing as to why, and when it would be resolved.

3. DDCC after spending years pumping a Translock patent transferred it back to Lopez for no financial consideration, without informing the SHs when it occurred with an 8K. They hoped no one would notice. And after my posts about it, they decided recently to issue a meaningless PR about DDCC "marketing" the patent.

4. DDCC failed once again to file a 8K giving details of their imaginary mine acquisition. Apparently Jerry & Lopez do not believe SHs have the right to know anything about the mine, or what was paid, and where the funding came from.

DDCC will never file again, because of 1&4 above. The only question is whether the SEC will suspend this scam, or just delist the stock due to lack of filings at some future date.

Meanwhile maybe DDCC's next PR will announce they are going to grow mushrooms in the Mexican mining shaft. After all the SHs are already in the dark.