News is total BS, nobody loans money to a penny stock company with tons of debt on its balance sheet and no cash, period. I cannot say False and Misleading loud enough.
KBLB was tainted years ago with that move CSC made. It's not a great idea to buy into a company with a side commitment with a sister company like Quality Stocks to pump it. In fact, I'm fairly certain that is a violation of list of Federal Security laws. Disclosing this issue in footnotes to financial statements isn't enough. Every time Quality Stocks pumped or KBLB paid for pumps (SW Alert) without full disclosure (aka Hansel Family Trust) was a direct violation. In time, these issues will hit the fan and a small company like KBLB cannot sustain the fallout. Look at the #$%$ McCarthy pulled with BLUF. Takes guts to create a $600,000,000 balance sheet out of thin air. Imagine the fallout with that one.
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So James and Drew tell us something; were you selling shares while Gabe Nix was pumping? The reason he did not investigate your background is because you were sitting right beside him when he posted the alert. Game is about over.
Company issues a news release this morning on the heels of massive stock promotions on the same morning. Insider trading or coincidence? Post your votes.
Seven men have been arrested in New York City and Florida for an alleged pump-and-dump scheme that didn't work. The U.S. Attorney's Office in Manhattan said the arrests stemmed from a conspiracy to acquire a large chunk of penny stock, manipulate trading and tout the stocks, then dump shares at a profit. The conspirators are charged with buying shares of Face Up Entertainment Group Inc., then trading shares among themselves to create a flurry of market activity. At the same time, they hyped the stock through Internet press releases, prosecutors said. When the scam failed, they also allegedly threatened to shoot an unnamed co-conspirator unless he gave them more shares and paid them $350,000, officials said.