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Strategies & Market Trends : Conversion Solutions Holdings Corp. - A Scam?

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From: anniebonny10/6/2006 12:43:38 PM
   of 4624
 
There's something about TUT!
Whenever I read stuff about Pump and Dumps from the SEC Website - I think about people like TUT.

Today, 10:48 AM   #6862
tutankhamen
HSM Regular

 
Join Date: Aug 2006
Posts: 208


I see we are having a lot of strange company today. Whatever you do today do not even reply back to any bashing or what may seem like subtle negative comments. Today we may see something or at the least maybe even hear from Rufus here. I did speak with Ben and just maybe we may have something. Maybe we should all focus on asking Rufus if he can say a word or two here and maybe, just a maybe, we may even get more.

********************

Pump and Dump Schemes

"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.

Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.

For more information about microcap fraud, please read our publication, Microcap Stock: A Guide for Investors.

sec.gov
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