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DJ Ponder

01/20/21 3:12 PM

#127802 RE: ib12u #127799

Pump n Dumps are illegal. PERIOD.

VeronicaFox

01/20/21 4:06 PM

#127808 RE: ib12u #127799

No, A Pump-and-dump is an illegal scheme to boost a stock's price. These P&Ds usually target microcap stocks, simply reading the SEC litigation files will prove that fact. In addition, although federal securities laws provide a safe harbor for forward-looking statements made by a public company that files reports under the federal securities laws, this safe harbor is not available to penny stocks like HESG.