re EMAIL & FAX SPAM - first of all I hate it. I think that criminal penalties might be justified for those who fill my email box with this crap.
I am glad that pinksheets.com has come out firmly against spamming promotions. It may explain why some stocks have lost their quotes on their system.
Someone forwarded the most recent spam to me. It was very hard to read, some type of gif file. Here is essentially what it said.
and I summarize with my own interpretation, "LBWR has just PR'd 1.8 million contract and this is a great stock that could fly. We have a ton of shares that we got for free from a 3d party and we intend to sell them and that will likely cause the share price to fall. So beware you know this and understand that you will probably lose all your money."
I'm exaggerating a bit but that was my impression. Is it more likely that a pumper spammed this or perhaps someone who wants to see the stock price fall? Would anyone over an IQ of his shoe size buy a stock based on the essence of the preceding paragraph?
I'll let others judge and use their common sense.
Let's go a step further. According to the recently posted letter, Pinksheets.com has suggested that they will consider EMail and FAX spam as promotional offerings and will use that fact to cut their quotes.
What a great thing for a basher or someone who happens to be a bit behind in settling some sells. hmmmmmmm. Spend a few hundred bucks on a spam campaign. Get enough people pissed off so that they put it on the message boards and protest to pinksheets.com, the SEC, the NASD, the Pope and the NY Times. (Did I miss anyone? oh yeah - maybe set up a wormie blog site for bashing even).
The quotes get suspended. Maybe a broker like Ameritrade will then stop taking buy orders.
Is this getting interesting yet? Or is it just the ramblings of another conspiracy nut?
Back about a year ago, when I started posting about the Naked Short Scamming, the leaders, and even message board posters, were being lampooned as conspiracy nuts. Since that time, it has spread to the mainstream press, with hedge funds now suing the prime brokers, who will likely sue back or at least point their fingers, because of naked shorting. MM's are being exposed for what they do, i.e, line their pockets, and what they don't do, i.e, make for orderly and fair liquid markets in penny and microcap stocks. Lead class action attorneys, who often appeared in a stock simultaneous with hedge fund and extensive bashing, are facing criminal charges and perhaps other issues.
Often the protests of "tin foil hats" is from someone who doesn't want the truth to come out. |
