I know this stock was part of a Pump and Dump scheme a while back.
It's still a trade-able stock. Trade at your own risk.
CORRECT(10/29): Duo Sentenced To Prison For 'Pump-and-Dump' 8:55a ET October 30, 2010 (Dow Jones) CORRECT(10/29): Duo Sentenced To Prison For 'Pump-and-Dump'
("Duo Sentenced To Over A Decade In Prison For 'Pump-and-Dump'," published at 4:31 p.m. EDT Friday, misidentified one of the defendants in the last paragraph. A corrected story follows.)
DOW JONES NEWSWIRES
A securities attorney and a former stock broker were sentenced Friday to more than a decade in jail each and forfeit in excess of $43 million for their roles in a pump-and-dump stock manipulation scheme. G. David Gordon, a securities attorney, and Richard Clark, a businessman and former stock broker, were convicted by a federal jury in Oklahoma on May 3 of more than a dozen counts each. The duo allegedly, between 2004 and 2006, along with others to have manipulated three publicly traded penny stocks, equities that trade for less than $5 a share in the over-the-counter market rather than on national exchanges. Two based in Tulsa at the time of the scheme were among those whose stock was manipulated: Deep Rock Oil & Gas Inc. (DPRK), and Global Beverage Solutions Inc. (GBVS), formerly known as Pacific Peak Investments. Clark is a former chief executive of Global Beverage. The third was National Storm Management Group Inc. (NSMG). The Justice Department said in a statement Friday that evidence at trial showed the defendants hid and "parked" their shares with various people or entities, after which "they engaged in coordinated trading in order to create the appearance of an emerging market for these stocks, after which they conducted massive promotional campaigns in which unsolicited fax and e-mail 'blasts' were sent to millions of recipients." Gordon, 48 years old, was sentenced to 188 months in prison while Clark, 62, received a 151-month sentence. Four others pleaded guilty in related cases while two remain at large.
-By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354; email@example.com
-------------------- Get In, Get Out...but Make Up Your Mind! Posts: 803 | From: Houston | Registered: Feb 2005
| IP: Logged |
quote:Originally posted by jagman925: There is a 73% chance this year that a major hurricane will hit the East Coast. The normal yearly prediction is 52%. Guess that means they're 'due.'
you should see the "quality" (not to mention the quantity) of houses and condos built here in Virginia Beach in the last five years. Lets hope we DON'T see anything major.
Posts: 7754 | From: Virginia | Registered: May 2006
| IP: Logged |