Replies to post #60896 on Nutra Pharma Corp (NPHC)

[Brokemillwright]

Did he disclose he purchases prior to the firms closing his accounts? Ceo buying shares is considered insider trading and must be disclosed. But I'm not here to listen to your advice. Clearly I've made my own evaluations, and seeing as it went from a penny and a half to 2/10,000 of a penny, and now has a CE i reckon I'm better off deciphering the cobwebs myself opposed to listening to advice on the interwebs..

[I-Glow]

Why don't you read the SEC complaint against Deitsch?

Wash trades are illegal and they are purchased on the open market - so an open market buy is a meaningless argument.

"After one brokerage firm told
Deitsch his trades looked “uneconomical” and were “upticking the price of the stock,” the firm closed his brokerage account. Shortly afterwards, Deitsch opened a new account with a different brokerage firm and continued to make the same type of manipulative trades.

8. Deitsch also repeatedly failed to make required public filings with the Commission about his beneficial ownership of significant percentages of outstanding Nutra Pharma stock and about his purchases of Nutra Pharma stock."

"Finally, Nutra Pharma, through Deitsch, failed to make required public filings with the Commission to disclose Nutra Pharma’s issuance of millions of shares of stock and therefore Nutra Pharma’s dilution of previously-existing shareholders’ equity in the company."

Read the SEC complaint it gets worse - but I love OTC investors who defend a CEO who has diluted investors so badly any run will be crushed.

IG