Read this before buying CDFT: Pump & Dump comes to town, we like to take a quick peek at the filings just to see what it is all about, in case something really obnoxious sticks out.
Whenever, attorney-to-the-penny-fraudsters, Diane Dalmy's name is involved, we know it merits a closer look. Ms. Dalmy's name can be linked to many a penny scam and she has been involved in dealings with Vancouver attorney, John Briner who has since been forbidden by the SEC to have any further dealings with the market. Ms. Dalmy is/was an attorney for Greenwood Gold Resources ( GGRI ) now ( BLUF ) one of the major penny scams of 2011, one we've written extensively about.
This time though, we've hit the jackpot.
We're talking about a brand new scam (at least to our knowledge) , Citadel EFT ( CDFT ), a scheme that is hanging its P&D hat on a deal to place advertising on eBay. That deal calls for 2.5 million impressions on eBay pages, which with eBay's extensive traffic, should take less than a day to fulfill. Big whoop!
But that ain't the big deal.
We know that Thursday's big new pump is CDFT because Primary Investments, whose newsletters include Penny Stock For Dummies and Moving Pennies, has been sending out teasers Wednesday night with the clue,
" Our alert tomorrow provides credit card merchant account services to retailers, mail order companies and online service providers and VERY recently struck a deal with Ebay to market their business with banner ads on their site " .
That clue coincides with CDFT 's Wednesday monring press release, found here . We also know that CDFT is being shoved at suckers tomorrow because Wall Street Surfers has said so: " Thursdays New High Surf Advisory is $CDFT ".
But that ain't the big deal either.
What is the big deal, is that this new pyramid scheme coincides with Wednesday's SEC filing by the company , giving notice of a 1,000,000 share S-8 stock issuance on September 17, 2012 to one Nancy Figueiredo, under a consultancy contract. A copy of the contract, dated September 11, 2012 is attached as an exhibit to the SEC filing.
S-8 stock is immediately free-trading, so the sudden desire to conduct a promotion is no great shock. What Ms. Dalmy's, Ms. Figueiredo's and CDFT President Gary DeRoos' collective problem is that, while S-8 stock can be issued in lieu of payment for services rendered, it cannot be issued in lieu of payment for an awareness program, i.e. a Pump & Dump. Per the SEC's directive, as found on their website ;
(iii) the services are not in connection with the offer or sale of securities in a capital-raising transaction, and do not directly or indirectly promote or maintain a market for the registrant’s securities.
Here is what we found out about Ms. Figueiredo from her Linked In page. We have confirmed with 100% certainity that this is the same Nancy Figueiredo as the one who received 1,000,000 shares of CDFT S-8 stock.
Whenever, attorney-to-the-penny-fraudsters, Diane Dalmy's name is involved, we know it merits a closer look. Ms. Dalmy's name can be linked to many a penny scam and she has been involved in dealings with Vancouver attorney, John Briner who has since been forbidden by the SEC to have any further dealings with the market. Ms. Dalmy is/was an attorney for Greenwood Gold Resources ( GGRI ) now ( BLUF ) one of the major penny scams of 2011, one we've written extensively about.
This time though, we've hit the jackpot.
We're talking about a brand new scam (at least to our knowledge) , Citadel EFT ( CDFT ), a scheme that is hanging its P&D hat on a deal to place advertising on eBay. That deal calls for 2.5 million impressions on eBay pages, which with eBay's extensive traffic, should take less than a day to fulfill. Big whoop!
But that ain't the big deal.
We know that Thursday's big new pump is CDFT because Primary Investments, whose newsletters include Penny Stock For Dummies and Moving Pennies, has been sending out teasers Wednesday night with the clue,
" Our alert tomorrow provides credit card merchant account services to retailers, mail order companies and online service providers and VERY recently struck a deal with Ebay to market their business with banner ads on their site " .
That clue coincides with CDFT 's Wednesday monring press release, found here . We also know that CDFT is being shoved at suckers tomorrow because Wall Street Surfers has said so: " Thursdays New High Surf Advisory is $CDFT ".
But that ain't the big deal either.
What is the big deal, is that this new pyramid scheme coincides with Wednesday's SEC filing by the company , giving notice of a 1,000,000 share S-8 stock issuance on September 17, 2012 to one Nancy Figueiredo, under a consultancy contract. A copy of the contract, dated September 11, 2012 is attached as an exhibit to the SEC filing.
S-8 stock is immediately free-trading, so the sudden desire to conduct a promotion is no great shock. What Ms. Dalmy's, Ms. Figueiredo's and CDFT President Gary DeRoos' collective problem is that, while S-8 stock can be issued in lieu of payment for services rendered, it cannot be issued in lieu of payment for an awareness program, i.e. a Pump & Dump. Per the SEC's directive, as found on their website ;
(iii) the services are not in connection with the offer or sale of securities in a capital-raising transaction, and do not directly or indirectly promote or maintain a market for the registrant’s securities.
Here is what we found out about Ms. Figueiredo from her Linked In page. We have confirmed with 100% certainity that this is the same Nancy Figueiredo as the one who received 1,000,000 shares of CDFT S-8 stock.
