Guys like James Filippone (dab Flip Ventures) buys a few cheap shares of a stock like TDCP. He then hires some junk website to pump up the stock so he can sell on the hype:
PennyStockPickAlert has agreed to be compensated three thousand five hundred dollars for a one day public awareness marketing campaign for TDCP by Flip Ventures LLC.
Or it could be that Flip Ventures is running a pump and dump for Brook Capital:
FlipVentures LLC expects to be compensated Twenty thousand dollars for a one day marketing and promotional effort on TDCP by Brooke Capital.
Laurie Mazzarella (dba Microcap Innovations) and her day trading buddies buy cheap blocks of shares in worthless companies like FNRC. She then pays multiple other stock promoters to pump the stock so she can sell on the hype:
LiquidTycoon has agreed to be compensated five thousand dollars for a one day public awareness marketing campaign for FNRC by Microcap Innovations LLC.
TheStockWrangler has been compensated one thousand five hundred dollars via bank wire by Microcap Innovations LLC for one day exposure program for FNRC.
Long boasts about how great NGHT has done with its net income of $2.6m. What he did not say was that the vast bulk of the net income was a result of a gain on derivatives of $1.9m and a gain on debt settlement of $.9m. Without those, NGHT would have had an overall loss AGAIN. The only reason Long has to post press releases like this is because he knows CSC is exiting and causing a massive drop in share price. Fact, NGHT cannot sustain selling volumes at this level.
That's my guess.
Marijuana Stock Scams
With #$%$ legal in almost 20 states, and recreational use of the drug recently legalized in two states, the cannabis business has been getting a lot of attention—including the attention of scammers. FINRA is issuing this alert to warn investors about potential scams associated with marijuana-related stocks.
Spotting a Potential Scam
Like many investment scams, pitches to invest in potentially fraudulent marijuana-related companies may arrive in a variety of ways—faxes, email or text message invitations to webinars, infomercials, tweets or blog posts. Regardless of how you first hear about them, the offers almost always contain hallmarks of "pump and dump" ploys. Specifically, fraudsters lure investors with aggressive, optimistic—and potentially false and misleading—statements or information designed to create unwarranted demand for shares of a small, thinly traded company with little or no history of financial success (the pump). Once share prices and volumes reach a peak, the cons behind the scam sell off their shares at a profit, leaving investors with worthless stock (the dump).
One company, for example, promoted its move into the medical cannabis space by issuing more than 30 press releases during the first half of 2013. These releases publicized rosy financial prospects and the growth potential of the #$%$ market. The company was also touted on the Internet through the use of sponsored links, investment profiles and spam email, including one promotional piece claiming the stock "could double its price SOON" and another asserting the stock was "poised to light up the charts!" Yet the company's balance sheet showed only losses, and the company stated elsewhere that it was only beginning to formulate a business plan.
The auditors for CDII were just busted by the SEC. Sherb was also the auditor for a bunch of CDII consulting clients which is a conflict of interest due to lack of independence. This gets much worse so watch me expose CDII.
I don't disagree. The SEC can reach back as far as they want when fraud is involved. I'm not saying it is Brad's fraud but I am saying that it is fraud and huge.
CDII is a Chinese Fraud Incubator and BIGG is one of its offsprings. I want to take this moment to say Hello to Dore Scott Perler of Pearl Group Advisors. It might be time for you to start packing your bags and getting the heck out of Deerfield before the SEC comes knocking.
Remember PRDC has no cash before reading this disclaimer: Penny Stock Crew has been compensated $45,000.00 in cash compensation from PBDC LLC for the 1 day profile of Paradigm Resource Management.
JMJ Financial (aka Justin Keener) funded this company. Keener and his buddy John Fife were recently busted by FINRA in an anti-money laundering crackdown.
HotStockProfits has been compensated twenty thousand dollars ($20,000) for distribution of our opinions and publicly available information for LUVE by Microcap Consultants (aka Carlos Pereira).
Only 2,000 shares available to short so stop blaming shorts for the panic. DKAM is paying thousands for its on pumps so the only thing it wants to sell is stock.