Following BLGOs playbook.
Washington D.C., July 21, 2015 —
The Securities and Exchange Commission today charged a trio of alleged microcap stock scammers with defrauding investors by disseminating promotional e-mails exhorting readers to immediately buy purportedly hot stocks so they could secretly sell their own holdings at a substantial profit.
The SEC alleges that the three men, who live in Israel, obtained shares in several penny stock companies and pumped the prices as high as 1,800 percent before dumping the shares for at least $2.8 million in illicit proceeds. In one extravagantly positive promotional e-mail about a particular stock, they stated that a $5,000 investment could be worth more than $250,000 in two years. The men used numerous corporate identities and developed at least 20 different stock promotion websites to con investors into buying the stocks and causing the spikes in trading volume and share price that spurred their schemes.
As a further part of the scheme to defraud, after members of the conspiracy acquired control of a substantial portion of the free-trading shares of the targeted stock, SHALON, AARON, and their co-conspirators artificially inflated the stock’s price and trading volume through two fraudulent and deceptive means. First, certain members of the conspiracy typically executed pre-arranged manipulative trades to cause the stock’s price to rise small amounts on successive days. Second, in connection with that trading, SHALON and AARON began disseminating materially misleading, unsolicited (“spam”) emails – emailing up to millions of recipients per day – that falsely touted the stock in order to trick others into buying it. As orchestrated by SHALON and AARON, these emails contained materially false and fraudulent statements including, for example, (i) that the stock’s recent trading activity reflected legitimate demand for the stock (when in fact, and as AARON and SHALON well knew, the trading activity was caused in whole or in part by the manipulative trading of their co-conspirators) and (ii) that the emails were being distributed and financed by certain third parties when, in fact, and as AARON and SHALON well knew, the emails were being distributed and financed by SHALON, AARON, and their co-conspirators, who controlled all or nearly all of the free-trading shares of the stock.
I can spot pump & dumps from a mile away.
Is it fun yet ?
Unregistered Sales of Equity Securities
LG Capital Funding, LLC (Note 2)
On July 17, 2015 Blue Water Global Group, Inc. (“Blue Water”) received a Notice of Conversion in the amount of $15,000 and issued 983,106 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.01595 a share pursuant to the LG Capital Funding, LLC convertible note described in detail the Form 8-K filed with the Securities and Exchange Commission (“SEC”) on December 23, 2014.
The remaining principal balance on this note is $60,000.
Adar Bays, LLC (Note 2)
On July 14, 2015 Blue Water received a Notice of Conversion in the amount of $12,520 and issued 727,273 shares of its common stock, $0.001 par value, at an applicable conversion rate of $0.017215 a share pursuant to the Adar Bays, LLC convertible note described in detail the Form 8-K filed with the SEC on December 23, 2014.
The remaining principal balance on this note is $24,426.16.
As of July 20, 2015, Blue Water had 124,606,164 shares of its common stock issued and outstanding
What are you talking about ? Morgan Stanley isn't involved with either of these scams.
And biolargo has a great story ?
Its BS designed to sell stock to suckers.
Is he having fun yet ?
BLGO is down over 99% in 13 years. BLUU is down about 74% in a few months.
What idiots would buy them in the open market ?
Both are as close to "sure things" as one can find in the stock market.
99.9% chance both will decline big.