The Best Source for Penny Stock Insight
Motivation is everything. In the penny stock world, most participants’ motivation is plain: greed. The stock manipulators and promoters do what they do so they can get rich quickly. For the most part, their choices are risky and unethical but smart: only some of them pay the ultimate price of going to prison. Many end … Continue reading “Reconsidering George Sharp: An Enigmatic penny stock crusader”
[For a much more in-depth look at George Sharp and why my opinion of him has changed recently, see my new post Reconsidering George Sharp: An Enigmatic penny stock crusader] In early 2012 a pre-promotion stock trading service called First Microcap Report, run by Leslie Howard, advertised on PumpsandDumps.com. Howard achieved some traction although his research … Continue reading “George Sharp, failed stock promoter”
This news is over a week old and I retweeted Sharp’s tweet about this just over a week ago, but I thought it worthwhile to post the full order. What Sharp has posted on AbuseofLaw.org is not the actual order although he has presented it in that way. George Sharp won his libel suit against … Continue reading “George Sharp wins libel suit agains AbuseofLaw.org / Michael Osborn”
On Friday, July 13th the US Attorney’s Office for the Southern District of California announced a number of unrelated criminal indictments for stock-fraud related offences. I will write another blog post about the other indictments, but the first one I wanted to write about the indictment of attorney Luke Zouvas. The case against Zouvas is US … Continue reading “Lawyer Luke Zouvas indicted — he has worked for multiple companies involved in pump and dumps”
Is anyone thirsty for another stock promotion? The new stock promotion website AmericanWaterBaron.com (first registered 16 August 2017) is promoting Rainmaker Worldwide (RAKR). As is usual with promoted companies, Rainmaker Worldwide has a large market cap ($100 million) and very little in the way of assets. In fact, its most recent quarterly report (to OTCMarkets.com … Continue reading “Rainmaker Worldwide (RAKR): Low volume landing page stock promotion”
I have been remiss in not posting much over the last months (and years!). While in 2016 I traded almost no pump and dumps because so few were successful and so few even had decent volume, 2017 has had several successful pumps and now several high-profile SEC trading suspensions of stocks in mid-pump. I look … Continue reading “Recent SEC Trading suspensions of pump & dumps”
Disclosure: I’m short ElitePennyStock’s current promotion, AREN. See details at bottom. In a world in which ever more promoters and manipulators have not just been sued by the SEC but sent to prison by US Department of Justice it is a dangerous thing to be known as the best stock promoter. But with Stocktips.com having … Continue reading “ElitePennyStock Paints target on its back: Best stock promoter out there”
Promoters Eric Cusimano & Jamie Boye (of Bestdamnpennystocks.com and related websites) were indicted by a grand jury in the western district of the USA circuit court in New York. They are scheduled to be arraigned shortly. Below are the case details. Per George Sharp Cusimano was just arrested in Panama on Monday and was brought … Continue reading “Promoters Eric Cusimano & Jamie Boye indicted”
There are few words that can adequately describe this quarterly report from non-SEC reporting company Fortitude Group (FRTD), which is currently suspended from trading after their absurd buyout press release. Read the 1st quarter report at OTCMarkets.com. There is so much idiocy in this report that I cannot do more than scratch the surface. But … Continue reading “The Most obviously fake financial statement I have ever seen, courtesy of $FRTD”
Smart people have been saying for well over half a year that the SEC should do something about Citadel EFT. The stock almost never traded though until the company put out a press release three weeks ago announcing that the company was getting into the marijuana business. SEC suspension press release SEC suspension order I … Continue reading “SEC Suspends trading in third pot stock and perennial scam Citadel EFT $CDFT”