Darrell:
Though "fairly" new to SI, I have made a considerable number of posts to SI since I've been here.
In my posts I've been consistent in my skepticism and insistence that people do their own DD. My skepticism extends to all "news" letters.
Now concerning VPRO, I received the EMS newsletter and was intrigued by what I read. However when I sought indepedent information on the internet and couldn't corroborate anything I read in the newsletter, I had doubts.
My doubts aren't intended necessarily to say that VPRO is legit or isn't legit. I was actually contemplating a small position in the company.
Though when the stock gapped up 80% (this occurs due to trading on foriegn exchanges....like Canada), I had to cry foul especially since this didn't afford me the time to do my DD prior to getting invested. (Wonder if after the 142% gain how many of shares received by EMS and the stock management company were sold?).
Now please read the following excerpts.....determine for yourself whether or not they pertain to this particular issue or not. I am not suggesting that the below statements pertain to VPRO. However after spending some time trading BB's, all the scams have sullied all the reputable companies by association . I live near Jersey City, NJ and can visit this particular company. I may do that if more info is made available via the web. Regarding the BW article...does anyone have a link to it? Did this release have a Safe Harbor statement attached to it?
(Again, let me CLEARLY REITERATE...VPRO may be completely legit with viable and innovative products. However, paid PR in conjunction with huge increases in valuation and volume are classic signs of P&D and other unethical if not illegal trading behavior. So my questions and observations are just that MY OPNIONS. Take them for what they are worth. If VPRO is legit, their products will speak for themselves with earnings generated by users.).
"...The investor believed the story. The investor blamed the stock promoter or newsletter writer, often for his own failings. The regulatory campaign against newsletter writers exists only to beat the bushes and flush out the true crooks: the stock operators. This strategy is hardly workingand stock operators continue fleecing the public.
Early in our own education on Wall Street, we learned about newsletter writers. If they are so good, why are they writing about the stocks instead of trading those stocks themselves? Successful traders are often too busy to share their secrets with you. No professional trader, in his right mind, would tip you off to a hot stock until AFTER he accumulated all the stock he could, even if went into hock to do so. Successful stock operators operate along that same course.
Professional currency operators, hedge fund operators, only begin their media campaigns to generate bids so they can cover their positions....
The stock operator is the truly dangerous force in the penny stock
market. Because he is hidden and very effective, the operator has the capability of creating high drama in a stock. He is the one who feeds hyperbolic phrases to his stable of unwitting, but bought, stock
promoters. He is the one who hires the slugs to riddle chat groups with flowery projections about the stock, the same slugs that howl about the shortsellers and ridicule detractors. It is the stock operator who trades the stock to higher price, forcing shorts to cover and enticing the average shareholder to buy more and more and more.
The stock operator bribes brokers to recommend the stock to clients. He is the one who greases the wheels for funds to add positions. He weaves the story for the promoters and captures their souls with options, cheap or free stock. Others he locks into private placements, which means you'll keep hearing about that stock until the letter writer or promoter has cashed out.
Most of the tricks used by today's stock
operators were perfected before and during the US Great Depression.
Indeed, the greater part of US securities law was born after the bottom
of that economic collapse because of the scams that conned investors
during the long drought of that period.
If you recently lost in the western Canadian or OTC markets, you are
among the best candidates for the next big scam. You will be eager to
recoup your losses. Your name is on an email or fax list. Someone has
your phone number or your address. You attended an investment
conference, subscribed to a newsletter or joined a chat forum, right?
They will find their way to you. But, in actuality, it is you who will
reach for their next story.
There is no shortage of lemmings itching for the quick buck. Penny
stocks offer a leverage unavailable in the senior markets. Where else
can you potentially gain by 1000% or more? That, at least, is the hope.
More lose 70, 80 or 90 percent of their investment than those lucky few
that score a double or better. Just as there are great numbers of future
losers lining up to spin the penny stock roulette wheel, there are
dozens of new promoters champing at the bit to launch a new career.
Hundreds of new speculators, who think they can beat the odds. This game won't stop because of the regulators.
The veteran stock operator is far too clever to be caught. His attorneys skillfully devise a strategy to detect and eliminate regulatory
reprimand. Poor suckers, those newsletter writers - they are bribed by
the operator and would also harm themselves by blowing the whistle. The same goes for others trapped in his web. Regulators can do little in stopping even the most treacherous operator. A handful every few years are nailed, but rarely are those the best operators.
Many stock operators are merely auditioning for the job. One finds those half-baked stock promotions that helplessly sputter, leaving investors bid-less, after a few short weeks. Amateur promoters, with not much of a position, bluster and fumble while their following sinks down the drain. IR staff that cash out their options during the first rocket ride. Traders and shortselling syndicates obliterate their promotions. Indeed,these traders and groups accelerate the upswing so they can obtain a large enough short position to make it worth their while. Financiers who initially fund these mock operators blow them away during the roller-coaster ride.
The better the stock operator, the more glorified the presentation. The
price target will represent a stratospheric valuation. The story will
include the overcoming of known obstacles, which are always to the
company's benefit. ......"
Source:
SERIOUS COPYWRITE(c)1996. CYRIUSS' NOTES, FAST FORWARD, THE GUIDING LIGHT, FANATICS AND FRAUDS! ARE TRADEMARKS OF STELIAN Finanz PLC Geneva.
CYRIUSS' PUBLICATIONS -- BRINGING OPINIONATED COMMENTARIES, TO YOU.
CYRIUSS' NOTES website, stockhouse.com
ztect .....spelling not checked
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