Hi Everyone,
The world of small cap stock investor awareness and promotion is filled with trickery, fraud and deceit. Also, there are a few good people that are honest and do a great job with great clients. Separating the two is what we are trying to do here. This blog is going to expose what we see as the most egregious issues in small cap promo.
Let’s list the issues we see:
1. Truly fake companies put into public shells and made out to be something they are not. That is fraud on the highest level, and anyone putting those kinds of deals together should be put away for years.
2. Convicted felons in the small cap awareness industry. This is horrible. There are people behind some of the bigger name stock promo companies that are convicted of financially related felonies. Others have a violent criminal record. Still others have other felony records that would shock you. Those of us who have been around the industry for a while know who these people are. These felons get by in the industry because the deal guys and the big money behind some of these deals are as bad as these convicted felons – except they have not been caught yet.
3. CEO’s knowing putting out false or misleading press releases. Investor relations companies putting out false and misleading press releases, while totally in the know about the companies. Deal guys behind the scene coordinating false and misleading press releases. Press releases scheduled for the purpose of playing into a promotional campaign, regardless of the timing of the actual events behind the releases. Fraud it the form of “letters of intent”, “memorandum of understanding”, and bogus estimates of revenue, sales, precious metals and minerals in the ground, and more.
4. Promoter groups that use fake results to sell new people on getting into their latest and greatest stock. We are going to be hard on this trickery. When you subscribe and you see “recent results” for companies the promoter has not even worked, that is fraud. They are suggesting you take on their next pick based on some bogus coverage of another stock. Coverage that has never happened.
5. Those living in the shadows. This includes those pretending to be out of the country and those that do live out of the country, but are citizens of the United States or Canada. Non-US or non-Canadian citizens who run campaigns from a variety of countries, while feeling imune from the long arm of North American law.
6. Insider trading: CEO and other key company officials who trade directly, trade through family names, trade through friends, trade through in-laws, etc. with the purposes of selling shares of the very company they suggest they lead. We are talking the illegal transactions, not the legal ones done with the right paperwork and filings.
7. Trades that paint the ticker day after day, week after week. We are seriously tired of those that buy 100 shares of a nine cent stock to get it to close at a specific high for the day. We are going to start a daily list of such trades. Members will be encouraged to share such information.
8. Serial reverse splits. Serial CEO’s who sink every ship they lead. Serial killers, although we have not found one of those yet. We intend to expose the history of the people behind these companies where it is warranted.
9. Research reports used for stock pumping, especially when the credentials of the writer are suspect and when there is no possibility of independence of the report’s author.
The reason we are here is that it has gotten out of hand. This is an attempt at self regulation on an industry that is constantly pumping stocks with no substance behind them.
What we are NOT going to do:
We are not going to put up contact information of anyone. We are going to name names, but not name addresses beyond the city and the company associations.
We are not going to try to destroy a company, a person, or the trading of a stock. Our goals is transparency, not attacks.
We are not going to back down when we are right.
Want to contribute information?
Either fill out the comment section below – or email MrPromo@PromoStocks.com
To Transparency and Love in the Markets,
Mr. Promo