OTCtoday shutting down:
Thanks for helping us decrease penny stock crime
After 6 years, we're ready to call it quits
April 14, 2017: We launched this website under its previous name "Pumps and Dumps" on April 11, 2011. For six years making the public aware of penny stock fraud has been a labor of love. Nobody can honestly deny that we have had a hand in decreasing the number of victims to pump and dump schemes by bringing real awareness to these con jobs. Our information has led to the indictment of many fraudsters; the suspension of criminally intended tickers; and the reduced number of email newsletters and promotions. We know because we get emails from so many former investors and the regulators. The SEC has particularly referred to our site many times.
To those of you who have supported or applauded our efforts throughout the years, we say thank you.
While we have ended the publishing of new articles and updating The Nightly Analytics as well as Past Performances, we will continue to update the list of ongoing promotions for at least a little while. We are placing our URL for sale, but the articles will remain published in perpetuity in some manner or another. Our Twitter feed will be taken over by George Sharp, who as you probably know has been a fighter against penny stock fraud for longer than we have. In addition to following George, we suggest paying attention to PromotionStockSecrets.com and the DD Support Board and Fraud Research Team on Investorshub for quality information on penny stock schemes. You should pay particular interest to posts by JaniceShell, NoDummy, Samsamsamiam, Integral and Scion. There are other worthy posters and we apologize to those whose names we neglect to mention.
Most of all, rely on common sense. If it sounds to good to be true, it is. Stop believing tales of shorters, paid bashers and the idea of dirty tickers turning over a new leaf. None of it is true.
The only people who boast of consistently making money on penny stocks are in on the scam. Investorshub (other than the DD Support Board) is particularly inundated with shills for the scammers and cannot be relied on for stock recommendations. The email promoters are nothing more than blood sucking opportunists who know that while they are operating legally, they are not doing anything more that advancing schemes to defraud the public. Shame on each and every one of them.
Finally, shame on the SEC for allowing these scams to go on. When they do suspend trading in a ticker, it is far too late, with millions of dollars in damages already inflicted on the public. Shame on them for not demanding more accountability and exercising their power to stop penny stock fraud in its tracks. They are as much a culprit in this disgraceful business as anyone else.
Thanks for helping us decrease penny stock crime
After 6 years, we're ready to call it quits
April 14, 2017: We launched this website under its previous name "Pumps and Dumps" on April 11, 2011. For six years making the public aware of penny stock fraud has been a labor of love. Nobody can honestly deny that we have had a hand in decreasing the number of victims to pump and dump schemes by bringing real awareness to these con jobs. Our information has led to the indictment of many fraudsters; the suspension of criminally intended tickers; and the reduced number of email newsletters and promotions. We know because we get emails from so many former investors and the regulators. The SEC has particularly referred to our site many times.
To those of you who have supported or applauded our efforts throughout the years, we say thank you.
While we have ended the publishing of new articles and updating The Nightly Analytics as well as Past Performances, we will continue to update the list of ongoing promotions for at least a little while. We are placing our URL for sale, but the articles will remain published in perpetuity in some manner or another. Our Twitter feed will be taken over by George Sharp, who as you probably know has been a fighter against penny stock fraud for longer than we have. In addition to following George, we suggest paying attention to PromotionStockSecrets.com and the DD Support Board and Fraud Research Team on Investorshub for quality information on penny stock schemes. You should pay particular interest to posts by JaniceShell, NoDummy, Samsamsamiam, Integral and Scion. There are other worthy posters and we apologize to those whose names we neglect to mention.
Most of all, rely on common sense. If it sounds to good to be true, it is. Stop believing tales of shorters, paid bashers and the idea of dirty tickers turning over a new leaf. None of it is true.
The only people who boast of consistently making money on penny stocks are in on the scam. Investorshub (other than the DD Support Board) is particularly inundated with shills for the scammers and cannot be relied on for stock recommendations. The email promoters are nothing more than blood sucking opportunists who know that while they are operating legally, they are not doing anything more that advancing schemes to defraud the public. Shame on each and every one of them.
Finally, shame on the SEC for allowing these scams to go on. When they do suspend trading in a ticker, it is far too late, with millions of dollars in damages already inflicted on the public. Shame on them for not demanding more accountability and exercising their power to stop penny stock fraud in its tracks. They are as much a culprit in this disgraceful business as anyone else.
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