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Author Topic: The Blame Game
Ric
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The Blame Game

This is a blame game in the penny market. There has to be an outside force causing the companies problems. It’s the MM’s manipulations, the NSS is running rapid, or the bashers trying to bring down the price so the can get cheap shares or covering for the shorts. It is never the companies fault. The CEO would never lie to us.

It can’t be that the company is diluting shares. Why would someone gag the Transfer Agent? What are they trying to hide? It is surely not hiding the fact they are diluting shares as fast as you are buying them. Get real people, a lot of these pennies only income is selling shares of the company.

It can’t be the fact they diluted the shares to a massive o/s. These companies see these new online investors with little investment background and convince them that a 10 billion o/s is small potatoes. That 20 billion o/s can still see movement to a $1. That a 30 billion o/s can move at all. Why is it that a 58 billion o/s company is stuck at .0001-2 and can’t move. It must be the MM’s holding it down. But there is more buyers then sellers. That can’t be because the float is so high it doesn’t matter. Doesn’t matter if it’s a $10 company and the buyers out pace the sellers if there’s too much tradable float out then the price will not move. Supply and Demand. It works and always has worked.

It can’t be that the company actually doesn’t do anything or make money. There PR said they did this and that. The CEO is honest, I talked with him myself. A con man’s best gift is making people believe. Push out as many PR’s as possible telling you how the company will be great while building this huge wall of rosey colored glass. CEO’s that tell you they made 1.3 million dollars last year while forgetting to tell you they spent 2 million. That’s what a non reporting company forgets to tell you.

They pay web sites to recommend them. They buy people with shares to go to message boards and promote them. They pay fax services to send out faxes to companies. They give money to people like Sterling, Green B aron, Subway, Willy W izard, Ledbed, and many others to convince you that your money is safe. And they know that since the internet and online brokers has got so big that many new investors are on there own now and looking for advise.

All I am saying is if you got rid of NSS today you only got rid of one of many problems. Does NSS exist, yes. Is it a problem, yes. But is the only problem and will fixing it make everything better, no. Until the penny companies fix there problems and quit hiding from the investors key information to making a wise investment then no other problem will matter. Corruption begets corruption its that simple. IMO it’s the investor choosing to invest in this market and allowing the company they are invested with to hide information that is the huge problem. Also it is the investors that believe that O/S doesn’t mean anything in the penny market is part of the huge problem. Wise investors invest wisely. Sell a stock in a downtrend. Don’t hold and lose money then blame it on someone else. Take control of your investment, if the company refuses to give you information don’t invest in it. They are refusing the information for a reason and it not a good one either. Realize that gagging a TA is a bad thing, having a huge o/s is a bad thing. Telling you that a stock at .0005 is undervalued and this is a .05 company should tell you to run quickly. And if you are told someone is getting offers for a .0005 company at .05 run even faster. It isn’t true. Your being lied to so they can hopefully get the pps to rise up enough to dilute more shares. JMHO

Ric

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Invest with your brain not with your heart.

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Ric
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Companies like CMKX, MLON, GMSV, THTHF, GXXL, PRRM, and many others are what is hurting the penny market. And to get by with it they blame NSS and MM's. Buying these stocks only makes the matters worst and until investors stand up and refuse to buy these companies that hide information, gag TA's and use dilution as a money maker then the process only continues.

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Invest with your brain not with your heart.

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DOUBLE L
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Well said. Most people know the rules of the game few want to admidt it. Am I surprised when a company does a r/s for the 4th time this year. No not at all it's part of the game.Can some money be made. Yes it can. But who makes the real money. Insiders and stock dealers and mm's.I am always surprised nobody calls the transfer agents. Or my favorite is nobody knows the share count. Most will tell you a share count. If the company raises the outstanding usually I am gone. I call once a week on companys I own a lot of stock in. Some people like to be victims. Very few people know the rules of the road.I guess experienced investors learn them from mistakes. Lets act like the nss is the problem has nothing to do with the company selling shares as fast as they can.

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Amazing how much time we spend looking for the truth but never spend the time to get to the point.

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Ric
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But then too if you know how to play these companies, then they can make you some money to. Just remember the key to a good penny investment is to sell high and buy low. All pennies except for those stuck at .0001, run up and come back down. Don't hold going down thats the key in the pennies.

Ric

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Invest with your brain not with your heart.

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Ric
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Exactly Double L

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Invest with your brain not with your heart.

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dellamorte dellamore
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I have to get a printing press and a transfer agent , i'll issue 1 trillion shares for the IPO .
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Ric
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IT made Urban rich, Makes you wonder why not do it yourself. But then again, I make a bad liar. But can always hire a good one and keep my mouth shut, lol

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Invest with your brain not with your heart.

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Pennies to Dollars
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I blame the SEC for allowing naked short selling and manipulation. Why is it always "too late" before the SEC gets involved? Perhaps they find some beneficial purpose for this? Who knows!
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Ric
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But they get by with it because the companies hide there information and makes it easy for the NSS to happen. If the companies would be honest with the investor and the SEC it would help when yelling at the SEC. Not saying the SEC holds no fault but most of the time the company and investors are just at fault. If a company claims it is being manipulated then why buy it. And if you do and its true who's fault is it. But still its the companies gagging TA's and unknown dilution allowing manipulation that bring on these types of problems. Two wrongs might not make a right but in the penny world it usually makes a mountain of wrongs.

The SEC and MM's are always the fall guys. They are easy targets. That's what I meant though that its a blame game. Blame it on the SEC and MM's not on the company or an unwise investment.

Ric

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Invest with your brain not with your heart.

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Pennies to Dollars
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quote:
Originally posted by Ric:

Blame it on the SEC and MM's not on the company or an unwise investment.

But can we really blame the company or our investment if we have no control over manipulation? There are a lot of legitimate companies trading on the pinks only to have MM's controlling their stock.
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BT
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You forgot to add QBID to that list..then again, there could be other reasons for that.

98%. Remember that number when you put money into a penny.

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Charts are like artwork, it's the same painting to everyone but each person see's something different.

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Ric
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Pennies to Dollars, If you read it is more intended for non reporting companies. And they are far and few of them that is honest including QBID. I never said that NSS or manipulation doesn't exist. I know they do. I was just saying that non reporting companies with no basis of proof blame NSS and MM's. While no one wants to except the company is not giving any information out. Its easy to blame peter and paul if they are always in trouble. My main point is these companies that are diluting to no end and blame NSS and MM's for there problems. And the bad hurt the good. When there is corruption it spreads like a wild fire.

The problem is that you say something about a stock like MLON, when it was hot, that had so many signs of trouble and the faithful turn a blind eye to it while calling you names for talking about it. It can't be their own stocks fault. It must be MM's holding it down while the company is printing shares so fast their press is smoking.

Look at CMKX, they blamed NSS for their troubles. They blamed the MM's for notletting it moved. While the whole time the company was diluting to the massive sum of 703 billion in O/S. And yes I think Qbid and CNES have problems too. I used to be like all here and think there was hope for this stocks only to lose by holding long. Make the plays. Play them smart and you will make plenty of it. But no matter how much you like a stock. If its refuses to report and gags the TA it is hiding information and blaming outside forces will not change that.

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Invest with your brain not with your heart.

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Pennies to Dollars
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Good point, Ric. Makes a lot of sense. By the way, I like your signature - how true.
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Marty
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The SEC is at fault for not enforcing proper trading rules....AND, the so called "European Union", will do ANYTHING to bring down the US....the Euro,(only created to bring down the US dollar and create a new world currency....sounds familiar, no?). The European Unions' attacks on US companies' product distributions....can anyone say Microsoft? China....it's monetary system is not being accurately valued, nor is it's banking system adjusting it's value correctly, and is causing major damage to the US Dollar AND the world's economy...It goes on.....do your own DD (research).....JMHO.....

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Marty
When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;)

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Marty
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and don't forget the EXCEPTION to ALL rules, the Berlin-Bremen Stock Exchange. Running inside the so called "European Union". Purpose and reason for existance; ruin the US stock market/economy.....working well by ILLEGALLY listing and making US companies available to trade via this "ghost" exchange......have fun....

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Marty
When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;)

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B@ller
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Give GXXL time and it will move. Don't be greedy, when it hits .01 then sell it

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Ric
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Everyone keeps talking about the Stockgate that Dateline suppose to be doing Sunday. I hope they do but beside the article that say Dateline is airing it, I can't find anything else on it. If you go to Dateline there is no mention of it anywhere. The main topic Sunday is about American Ido. Not sure if it is suppose to be a small exit topic or what but as I said Datelines website doesn't mention nothing about it at all and they usually list what they going to talk about.

SUNDAY, APR. 10
7:00 p.m. ET NBC's Al Roker sits down with "American Idol" star Ruben Studdard to discuss his latest gospel album and how his life has changed since beating Clay Aiken on the second season of "American Idol."

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Invest with your brain not with your heart.

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Ric
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Sorry but GXXL will never hit a penny. Better run fast if it hit .001 which doesn't look good that it will.

My current 2005 scam list in my Quotetracker includes:

CMKX
MLON
USCI
THTHF
GXXL
DFLR
GMSV
JRIV
PRRM
QANT

Now not all are scams per say. Some just have O/S so large and investors are trying to scam newbies into buying in hopes they can get out. Couple of these are good businesses just bad stocks. Just because its a good business doesn't make there stock good when they dilute to raise capital with no concern to the investor. These are the big blame game winners. Dilute to huge o/s and blame it on MM's holding them down. roflmao. O/S does matter people, get real.

Ric

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Invest with your brain not with your heart.

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Nicholas
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quote:
Originally posted by BT:
You forgot to add QBID to that list..then again, there could be other reasons for that.

98%. Remember that number when you put money into a penny.

Wrong, QBID is just a bad investment

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When you reach the bottom, the only place to go is up, that or die - Indian Larry

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Ric
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I personally not sure the first article was a fact. I had went to Datelines homepage when the article was released and couldn't find mention of the stockgate airing but now they say its a coverup that it was cancelled. Still never found it on Dateline from day one myself.

FirstAlert SPECIAL: NBC, FINANCIALWIRE VICTIMS OF CONSPIRACY?

StockGate: 0 Days To Dateline NBC And Attorney Accuses DTCC Of ‘Cheap Thuggery’
April 7, 2005 (FinancialWire) It’s now zero days until the airing of the Dateline NBC expose on illegal manipulative shortselling, which has suddenly been “indefinitely delayed” by the General Electric (NYSE: GE) network, and the Depository Trust and Clearing Corp. has received a letter from Marshal Shichtman, Esq., warning the DTCC not to destroy or tamper with evidence relating to its alleged successful plot to interfere with the media.

On February 7, Investors Business Daily asked MarketWatch, then co-owned by Viacom (NYSE: VIAb) but now owned by Dow Jones (NYSE: DJ) to shut off its FinancialWire feed that it also re-propogated to Yahoo (NASDAQ: YHOO). Is it possible that now, NBC has also fallen victim to a halt-the-media conspiracy that has outgrown even FinancialWire?

No one is talking, but Dateline is reportedly blaming the Pope’s death, the Prince Ranier death, and the Prince Charles wedding and other events as causing the delay.

However, a desk person at the network revealed that the story is actually being replaced by an Al Roker interview with Ruben Studdard of American Idol fame, and not by pieces on either the Pope or Ranier or Prince Charles. When asked how Studdard was more important than a major financial expose, she stuttered that “this is the answer I’ve been told to give.”

An investigation by FinancialWire revealed that the newsfeed was shut down at the request of an official of the DTCC, who had complained to Investors Business Daily that FinancialWire publishes “opinions and not news.” FinancialWire learned that this is contained in emails sent by Investors Business Daily to the Dow Jones publication.

Despite the purported efforts by the DTCC, FinancialWire has since been provided to another 300 outlets.

The producers of Dateline NBC, which suddenly became unresponsive to FinancialWire inquiries after multiple communications over the past few months, is reportedly giving the death of the Pope, whose funeral will have been over three days before the Sunday night

On April 1, In what may or may not be a coordinated offensive to further disparage a competitor, a Dow Jones Newswire reporter published statements about FinancialWire’s coverage, claiming that facts were omitted in a series of FinancialWire articles about SEC filings related to Global Links (OTCBB: GLKCE) that were widely quoted in various media and cited by U.S. Senator Robert Bennett (R-UT) in an exchange with SEC Chair William Donaldson.

Not only were the facts and events cited by the Dow Jones Newswire as missing contained in the series, but FinancialWire had actually scooped the Dow Jones in publishing almost all of them by nearly a month, in follow-up articles March 12, 14, 18 and 21.

Since these articles were so readily available using the simple “Site Search” feature at FinancialWire (http://www.financialwire.net) or referencing them a hundreds of news portals under the Global Links stock symbol, it is not yet known if the effort by Dow Jones reporter Carol Remond was simply “sloppy journalism,” to borrow a phrase from the DTCC’s Thomson when he was referring to EuroMoney, published by Institutional Investor and presumably the then-upcoming Dateline NBC expose, or if there was further collusion with the DTCC related to the February 7 events.

Informed legal sources have volunteered to FinancialWire that Remond published a court’s order related to Jag Media Holdings (OTC:JAGH) before it was available in the legal data system while claiming that was where she had obtained it, and that she is very close to short sellers, having used Anthony Elgindy as a source regularly before he was charged and convicted. Informed sources have also said that Remond, an avid biker, was seen laughing in the court room at the sight of Elgindy crying after he broke down, which was seen as odd given Elgindy had reportedly been a “trusted, informed source” for the Dow Jones Newswires. Thus it is not unreasonable to suspect murky motivations may have resulted in the factually erroneous article.

For hardened conspiracy buffs, there is also the fact that 47-year-old Floyd Schneider, a Fredon Township, NJ mortgage broker who dabbles in online message boards as “TheTruthseeker,” or as his protagonists call him, “TheGossipSeeker,” and a self-acknowledged source for the Dow Jones Newswires, has, with precipitous timing, suddenly undertaken an online crusade “revealing” that the CEO of FinancialWire’s parent company had once been the target of a lawsuit aimed at a Nasdaq company where Investrend’s CEO served as Chairman of the Board of Directors, and all of its officers and directors, including the partner of Ted Turner, who was then the major shareholder in Time Warner (NASDAQ: TWX), and who also was, perhaps ironically, former president of CBS and CNN.

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Invest with your brain not with your heart.

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Nicholas
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There are websites to check archived pages, you might get lucky there
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