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Central European Distribution Corp. Message Board

jtraphael 13 posts  |  Last Activity: 11 hours ago Member since: Aug 31, 2011
  • jtraphael by jtraphael 11 hours ago Flag

    They are trapped, and using the Greek issue to bring this down. There was big volume early, and then nothing. This will rise.

  • Chardan Capital Markets ("Chardan") is the investment bank that acted as the placement agent for XXII's May 2012 and August 2013 preferred stock offerings, and as the financial advisor for the warrant exchange program in the 4th quarter of 2013. It was founded in 2003 by Kerry Propper as an offshoot from his father's firm, Chardan Capital. Kerry's father, Dr. Richard Propper, has a long history of securities law abuses (source 46). Father and son have been involved together in multiple dubious Chinese reverse mergers (eg., A-Power Energy and Fuqi International), and in 2010, along with Rodman & Renshaw, were behind the disastrous public offering of DJSP Enterprises Inc., which began trading at $9 and was under $0.50 by the end of 2010 amidst claims of improprieties (source 31). You can see more of Chardan's horrendous Chinese reverse merger track record here . We have also written about Chardan being questionable as well, which you can read here .

    In 2006, Richard Propper was charged by the US Justice Department of defrauding the Small Business Administration of $32M. His partner in this illegal venture, John Torkelsen, pled guilty and was sentenced to seven years in prison. Richard Propper eventually settled by paying a $1.5M fine. Kerry Propper was also a party to this case, and settled for $36K (sources 13-16).

  • jtraphael by jtraphael May 29, 2015 9:55 AM Flag

    Chardan is a hack firm. Google them, and you will see the shady deals that they have been involved in. I can't belive any reputable company would publish their opinions.

  • Everyone keeps talking about Jay. IMHO - He is most likely the puppet. Google Kerry Propper/SEC. Based upon the numerous articles, these guys are filthy.

    THE U.S. SMALL BUSINESS ADMINISTRATION : CIVIL ACTION 2008;
    Summary judgment against Defendants Richard D. Propper, Kerry S. Propper, P. Timothy Garton, Michael D. Chermak, Charles R. Smith, and Kenneth M. Borrow (collectively, “Individual Defendants”) and Acorn Connecticut Investments, L.P. (“ACI”) (collectively, “Defendants”).
    (1) Judgment in favor of Plaintiff and against Defendant Acorn Connecticut Investments, L.P. in the amount of $1,161,333.33, plus accrued interest at $183.56/day after July 15, 2008;
    (2) Judgment in favor of Plaintiff and against Defendant Richard D. Propper in the amount of $222,443.87, plus accrued interest at $35.16/day after July 15, 2008;
    (3) Judgment in favor of Plaintiff and against Defendant Kerry S. Propper in the
    amount of $43,333.33, plus accrued interest at $6.85/day after July 15, 2008.
    Kerry S. Propper is a major shareholder (I/3 of all stock) in DJSP Enterprises as is Dr. Richard D. Propper all linked to the Law Offices of David J. Stern, P.A., 900 S Pine Island Rd Ste 400, Plantation, Florida.

  • Reply to

    Chardan info

    by jtraphael May 11, 2015 7:01 PM
    jtraphael jtraphael May 11, 2015 11:27 PM Flag

    Based upon the info, and previously charges, I think that they have zero ethics and have been involved in illegal short activity in the past. They are definitely trying to push the stock price down. It is crazy that Barrons provides support to a firm like this. Look at the their track record with A-Power, and others. These guys are low.

  • jtraphael by jtraphael May 11, 2015 7:01 PM Flag

    Chardan has been allegedly involved in numerous questionable activities. See below excerpt from article. The girl at Barrons quickly reprints all of their trash. It is too obvious. How can anyone possible believe anything that comes from this group ? It does not take much digging to realize the activities that Chardan is involved in.

    Article by the Geo Team -

    Chardan Capital Markets ("Chardan") is the investment bank that acted as the placement agent for XXII's May 2012 and August 2013 preferred stock offerings, and as the financial advisor for the warrant exchange program in the 4th quarter of 2013. It was founded in 2003 by Kerry Propper as an offshoot from his father's firm, Chardan Capital. Kerry's father, Dr. Richard Propper, has a long history of securities law abuses (source 46). Father and son have been involved together in multiple dubious Chinese reverse mergers (eg., A-Power Energy and Fuqi International), and in 2010, along with Rodman & Renshaw, were behind the disastrous public offering of DJSP Enterprises Inc., which began trading at $9 and was under $0.50 by the end of 2010 amidst claims of improprieties (source 31). You can see more of Chardan's horrendous Chinese reverse merger track record here . We have also written about Chardan being questionable as well, which you can read here .

    In 2006, Richard Propper was charged by the US Justice Department of defrauding the Small Business Administration of $32M. His partner in this illegal venture, John Torkelsen, pled guilty and was sentenced to seven years in prison. Richard Propper eventually settled by paying a $1.5M fine. Kerry Propper was also a party to this case, and settled for $36K (sources 13-16).

    Rodman & Renshaw, meanwhile, saw its parent company eventually file for bankruptcy.

    Read more: http://www.nasdaq.com/article/22nd-century-group-a-lot-of-smoke-not-enough-fire-cm384624#ixzz3ZsCBkrMO

  • Reply to

    Really getting tired of the manipulation

    by jtraphael Apr 27, 2015 4:46 PM
    jtraphael jtraphael Apr 27, 2015 6:27 PM Flag

    I did not realize the i-6 would have this big of an impact. Also, the i-pad was realizing a lot more competition from others (MS-Surface Pro, etc.). I missed the boat.

  • Reply to

    Really getting tired of the manipulation

    by jtraphael Apr 27, 2015 4:46 PM
    jtraphael jtraphael Apr 27, 2015 6:23 PM Flag

    I wish that I knew why.

  • Reply to

    Really getting tired of the manipulation

    by jtraphael Apr 27, 2015 4:46 PM
    jtraphael jtraphael Apr 27, 2015 5:32 PM Flag

    I buy individual corporate bonds. However, I do not have holdings in Apple. I perceived it to be priced to perfection, and I was dead wrong. I have a lot of shares of HIMX, and see a sold company with a good dividend. It just #$%$ me off that the BofA analyst did a 180 on HIMX less than two months after the report came out. How do you go from a pt of 12, and then without any news or financial info reported, go to a pt of 7. There was also suspicious trading activity the day before BofA came out with a sell in April 2014.

  • Reply to

    Really getting tired of the manipulation

    by jtraphael Apr 27, 2015 4:46 PM
    jtraphael jtraphael Apr 27, 2015 5:23 PM Flag

    In my opinion - For a BofA/ML analyst to report in January that HIMX was one of their picks of the year and put a 12ps target on it, only to reduce their target less than 60 days later seems very suspicious. Prior to the report there was significant volume pushing the stock down, and then presto the report is released towards the end of the day. The stock was breaking out, and then because of the BofA catalyst was beaten down to where it is today.

  • When will Bank of America and the manipulators let this go? Same story ever day - up in the morning for a few hours, then hit hard, and then held in a tight range the rest of the day. Id love to see a huge institutional investor come in a squash these parasites.

  • The stock has been getting hammered lately. Why?