BP plc Message Board
- Reply to
"SEC, FINRA Warn Investors About Pump-And-Dump Stock Spam"
by bbb22209 •Jun 12, 2013 1:30 PMOver/under on the halt or $0 a share?
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just got the newsletter
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FOR IMMEDIATE RELEASE
2013-108
Washington, D.C., June 12, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued a warning to investors about a sharp increase in e-mail linked to "pump-and-dump" stock schemes. -
"This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID has been compensated up to eight thousand five hundred dollars
from a third party or the company for preparation and posting of this report, audio interview,
virtual road show and other advertising services. This constitutes a conflict of interest as to ID’s
ability to remain objective in its communication regarding the subject company."Sentiment: Strong Sell
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Absolutely correct,
Here is the playbook:
1) Issue cheap shares to Execs ( massive dilution)
2) Issue press releases that sound good to the mom & pop traders (get publicity)
3) Sell shares to the uninformed
4) Repeat, Extend, Pretend -
Well is running dry
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Everyone should do some research on the mgmt team.
Sentiment: Strong Sell
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The zero index now includes : JAMN, MDBX, AVTC.
Enjoy this short term pop because it will eventually go to zero
Happy Friday!Sentiment: Strong Sell
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Odds are that they are worth nothing...zero.
All the facts are there to read if you actually look at their filings and history.
But these press releases sure do sound fantastic!Sentiment: Strong Sell
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Looks like some other people are finally picking up on this:
The Seeking Alpha guy just wrote some more on his blog entitled " 3 States Issue Cease And Desist Orders Against AVT Inc."
I can't post the link but just google it. -
Game over
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nevermind, I am not using them.
have a great day! -
Thought this might be a good area to ask if anyone has done business with them?
They are a small cap broker
Opinions? - Reply to
As investors begin to understand the Ironridge deal
by ryanlawrance007 •May 29, 2013 12:22 PMBRAVO! Someone gets it!
It amazes me how long they can keep up this charade.
It is a zero -
"More Great news for AVT.."
Sentiment: Strong Sell
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Writing is on the wall.
These guys won't be able to pretend like high-rollers for long... -
"Investors Should Avoid AVT, Inc."
"I believe that the company has serious financial issues and suffers from excessive promotion. In my view, the stock, which currently is trading near $2.65, is worth less than $1 per share."
"How Chairman's Father is Diverting Millions of Dollars"
"Excessive Promotion" -
Guaranteed to go to zero
Longs clearly have not done any due diligence
Wouldn't want my signature on any of those filingsSentiment: Strong Sell
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Starting in 2010, the PCAOB started to crack down on registered audit firms doing business in China. In a March 14, 2011 report about accounting and auditing standards at Chinese companies that have conducted IPOs in the U.S. or that have become U.S. publicly traded companies through reverse mergers, the PCAOB a number of factors that may undermine the ability of audit firms to complete their audit functions completely or effectively.
MaloneBailey, identified in the PCAOB report as the U.S.-based firm with the most Chinese reverse merger company clients, was also the subject of a negative PCAOB inspection report dated February 24, 2011. This inspection report stated that “[i]n some cases, the deficiencies identified were of such significance that it appeared to the inspection team that the Firm, at the time it issued its audit report, had not obtained sufficient competent evidential matter to support its opinion on the issuer's financial statements.” In my experience, reports containing such findings are routinely referred to the PCAOB enforcement staff for prosecution.
In apparent reaction to the risks presented by its Chinese clients, during the spring of 2011, Malone Bailey resigned as auditor for NIVS Intellimedia Technology Group, China Intelligent Lighting and Electronics, and China Century Dragon Media and accused these companies of fraud. As a result, the audits of the companies’ financial statements were not completed in time to enable the companies to file Forms 10-K for their 2010 fiscal years. All of the companies were required to launch costly internal investigations, are in the process of being delisted from various exchanges and are besieged by SEC investigations and shareholder lawsuits. The SEC recently instituted stop order proceedings against China Intelligent Lighting and China Century Dragon Media Inc. on suspicion of accounting fraud.
None of these companies have yet restated their financials or disclosed the results of their intSentiment: Strong Sell
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"StarkSchenkein has advised the Company that it did
not agree with the Company’s prior accounting treatment for convertible notes
with derivative instrument, beneficial conversions and other features. The Company authorized StarkSchenkein to respond fully to inquiries of the Company’s successor accountant concerning this subject matter."Sentiment: Strong Sell