In July 2009, McKeown, Ryan, and Downshire used PennyStockChaser to promote Biocentric Energy Holdings, Inc., a Florida corporation purportedly in the business of developing green energy technology whose stock is quoted on the Pink Sheets under ticker symbol "BEHL."
Specifically, during this time period, the website touted Biocentric's stock to the investing public at least four times:
a) On July 4,2009, the website touted, "[Biocentric] is the real deal. ... This stock already has HUGE VOLUME and it will only get better."
b) On July 10,2009, the website exclaimed, "[Biocentric] is building a solid base @ .03 for lift off;" "News is coming on [Biocentric] and when it does, WATCH OUT, .10+ IS NEAR; and "[T]he last PR shows us that revenue is around the comer for [Biocentric]. Once revenue starts these guys could gross $30 million + per calendar year."
c) On July 12,2009, the website touted, "We think [Biocentric] could move past .10 and then .20.... Members should be buying this stock @.029 and socking the stock away... THIS WILL BE A HUGE WINNER."
d) On July 19,2009, the website published, "[Biocentric] should move to the .10 level on strong news." Biocentric's stock price and trading volume increased significantly as a result of
the Defendants' promotional campaign. During the week before the campaign began, Biocentric's stock price was quoted at less than a penny per share, and the trading volume peaked at 4.3 million shares per day. During the two weeks following the promotional campaign, Biocentric's stock price was quoted as high as 3 cents a share, and trading volume ranged from 10 million to 30 million shares per day.
Between July 13, 2009 and July 21, 2009, Ryan and McKeown had Downshire sell almost 24 million shares of Biocentric stock for net proceeds of $569,000.
News 
Market Data 
Discover 
