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Arch Therapeutics, Inc. Message Board

  • weird.stuff weird.stuff Aug 16, 2013 4:38 AM Flag

    How Day Trading Scams Really Work

    The obvious: Stock Promoters buy the stock of a shell company, pump it up and sell on the hype. The not so obvious: Stock promoters then take a short position, stop pumping and covers the short position on the fall. It's the double whammy for longs.

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    • I believe that many of the posters on this board could benefit from a greater knowledge about how Arch became involved with the "shell" company that poster sams seems to think is evidence of a stock scam.

      I will need to post a series of messages to fill out a credible picture of ARCH. I will begin with excerpts from a recent Almah Corp10Q from which poster sams labels a "shell" company. In this series of excerpts, one can understand that, although it was difficult for Almah to raise money on Wall Street (probably too many short sellers) but maybe some other company would have better luck.

      • 1 Reply to econcynic
      • From ALMAH 10Q – Post 1
        Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

        The following discussion should be read in conjunction with our financial statements and notes thereto included elsewhere in this quarterly report. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results, or other developments. Forward-looking statements are based upon estimates, forecasts, and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by us, or on our behalf. We disclaim any obligation to update forward-looking statements.

    • That is very stupid and naive weird.stuff. You think they buy the stock? No, they helped the company go public via a reverse mortgage shell company and gave themselves shares. The cost of their shares is zero, but in reality it's their cost of marketing and organization of the shell and reverse merger. The total cost is probably over $1.5+ million for everything (keep in mind, there's like 60 mil shares out there). But I assume they aren't risking that much, they probably put very little up and they actually got the doctors to fund most of it.

0.382-0.013(-3.29%)11:38 AMEDT