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Pepperchino

07/16/10 12:44 PM

#110818 RE: cubinvestor1 #110816

Kudos, thank you, I needed that! Excellent post!
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k9narc

07/16/10 1:12 PM

#110822 RE: cubinvestor1 #110816

"I've read about penny stock scams. There's nothing about this that fits the profile"".......

Wow, I'd suggest you keep reading.

JMHO
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evolutions1

07/16/10 2:47 PM

#110826 RE: cubinvestor1 #110816

Nothing in here that fits the profile?

Let's see:

Sketchy History of CEO? CHECK

Vague Website with little to no details? CHECK

Delayed PRs? CHECK

Emails with invalid information sent to shareholders? CHECK

No proof of working product? CHECK

Giving out information through other employees? CHECK



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StubbyPG

07/16/10 3:10 PM

#110828 RE: cubinvestor1 #110816

Bravo
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bharveyalamos

07/19/10 11:30 AM

#110909 RE: cubinvestor1 #110816

Cubinvestor1: Sang Lee's Risk

Good Post. Some of the problems with XMDC's stock price is what is known as "Naked Shorts". If you are familiar with that type situation and the Current Market Makers, there is no telling how many million "Counterfeit Shares" there are floating in the Market of XMDC's Stock.

The only thing that will stop the "Naked Shorts" is a rapid rise in price, without the Buyers "buying and selling" at the same time. A lot of people here may not realize and/or understand the situation that exists with a lot of 'emerging companies' and the "Naked Short" problem. The Market Makers are able to almost "Totally Control" the stock price. Until they stop 'swapping' the "fail-to-deliver" orders from one "Prime Broker" to another, this stock Price is not going to increase by any large amount. It may go to .015 cents or .02 cents per share, only to go back down because the Market Maker "Naked Shorted" the higher price, only to cover with a "buy" at the lower price to make a Profit. This happens Daily with Many stocks in this price range.

This is Exactly what the SEC need to Regulate ! This situation has existed for many years and has 'bankrupt' many emerging companies that should still be in business.