This one was obvious. The criminals at Eco-Trade Corporation (BOPT) were so sloppy with this obvious Pump & Dump scheme, that FINRA had no choice but to halt trading. And with its looooong history of scams, we don't believe that is ever coming back.
According to a recent tweet from litigant George Sharp, who on Monday announced a lawsuit against BOPT, FINRA and the SEC both called him asking for copies of emails between him and BOPT representative, Kevin McLean. We don't believe that Sharp's lawsuit is the reason for the halt. But it did have something do with it, as we'll discuss below.
9:30am PDT FINRA and SEC call asking for original emails between me and $BOPT rep McLean. 11:21am PDT $BOPT halted! #endpennystockfraudnow
— George Sharp (@Goniffs) April 17, 2013
In last Sunday's advisory we said, "As the SEC has been halting stocks undergoing ridiculous promotions, FUEG by recent example, it is possible that Eco-Trade Corporation (BOPT) could be next."
Told ya so!
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January 30, 2013:------------------------------------------------------
Just as we called it in our two advisories on Zippy Bags (ZPPB), ZPPB: Best Damn Penny Stocks Assumes Its Subscribers Are Stupid and ZPPB: A Tale Of Two Con Jobs, ZPPB announced on January 29 that, "Because the stock dividend was greater than 25%, FINRA requested the corporate action be submitted as a Forward Split." Of course, that's a load of crap it was always going to be a forward split. The characterization of a "dividend", was for the purpose of window dressing, in order to make it seem like you were getting rewarded for jumping into Best Damn Penny Stocks' con job.
Don't believe the press releases' crap about "record dates" and "payment dates", either. This is also designed to make you believe that you have to be a shareholder by February 12 to get in on the forward split. The split will occur on the day FINRA decides and everybody who owns stock that day will be subjected to the split. ZPPB's share price will then be divided by half reflecting the doubling of shares. As of this writing, bag holders are hurting by as much as 80% in the two weeks since the ZPPB Pump & Dump began on the basis of this con job.
August 16, 2012------------------------------------------------------
By 9:45am this morning, the worst kept secret was that Vision Plasma Systems (VLNX) was the new APS pick. So much for the one day head start promised by APS to its “premium” members who forked out as much as $999 for the privilege. What a bunch of suckers, just as we called it in yesterday’s advisory. In fact, many premium members have complained to us that they have not received even a single email and others complain that they received their emails well after the pick was initially announced.
We receive email alerts from all touts at 4 different email addresses. No one knows which email addresses belong to us. An hour and twenty minutes after the VNLX was already public knowledge , we began receiving emails from the APS sister sites announcing that VLNX was the pick. APS premium members were supposed to get at least a 5 hour head start on the pick and we are most definitely not APS premium members. This is another indication that the premium memberships were a fraud, just like we warned you.
APS is and always will be a fraud. The premium membership was just another way that they found to rip off the public.
January 26, 2012------------------------------------------------------
We received communications from one of the customers of Greenfield Farms Foods (GRAS), who reportedly has been stiffed on his order and cannot find the company's President, convicted securities violator, Larry Moore, or anybody else, for that matter. We warned you about this scam on a couple of occasions (which you can read by clicking here and here) and would suggest to you that this thing is over.
December 15, 2011------------------------------------------------------
On December 7, 2011, our daily alert made the following comment on Amwest Imaging, Inc. (AMWI):
"We think that AMWI has pretty much run its course and we predict that a downward spiral will begin with the next couple of days that will result in the share price being taken back to the dime range by Christmas."Of course we couldn't have foreseen the press release of December 9th, accusing certain insiders of being involved in the Writers' Group Pump & Dump, but nonetheless, we'll take credit for being right again. On December 15, shares of AMWI dipped below the 10 cent mark.
October 31, 2011------------------------------------------------------
The Rhino Human Resources (IFHR) Pump & Dump is over, thanks to us, and while some lost money in the scheme, we believe we have saved countless others from losses. Twin touts XtremePicks.com and OurHotStockPicks.com were pounding the table on this empty shell, baselessly claiming an imminent reverse takeover and a huge short position. We said that neither were true and argued that there was no basis for the claim of a short position. We were right, of course, as FINRA's October 14th short report, released on October 25 showed, that the short position was only 14,785 shares. The IFHR share price has since plummeted and the twin touts are left to explain the collapse of this criminal manipulation in which some have lost as much as 75% of their investment.
October 17, 2011------------------------------------------------------
On May 23, 2011, we issued an advisory on Southern Home Medical Equipment (SHOM) in which we picked apart the company for (among other things) announcing a merger without announcing the merger candidate and then prognosticating $7 million in revenues as a direct result of the merger. Calling SHOM a SHAM, we intimated that the secrecy behind this giant this merger showed that it was announced purely for the purpose of insider stock dumping and that the merger would never happen. SHOM responded with an update to shareholders in which it tore apart our advisory and attacked our credibility.
On October 13, 2011, 5 months after the announcement of the merger with great fanfare, the company quietly revealed that it was suspending the merger. That revelation was cleverly cloaked within a press release announcing revenues, with far less oomph than the initial announcement of the unconsummated merger. SHOM share prices have fallen more than 90% since the Pump & Dump campaign, predicated on the merger announcement and a barrage of press releases, began. In the meantime, the number of common shares issued and outstanding has increased 70%. The number of authorized shares has quadrupled, indicating that there is much more dilution to come.
September 27, 2011------------------------------------------------------
Back on May 9, 2011, we wrote an advisory we called, "Don't Buy This Piece of Sipp (SIPC)", within which we completely discredited the Pump & Dump campaign subjected upon Mina Mar client, Sipp Industries (SIPC) and offered up proof, including pictures, to demonstrate that the merger and the entire promotion of the stock was a sham. We questioned the significance of the reverse merger of SIPC with Palm Beach Coffee and revealed that the principle behind Palm Beach Coffee was none other than previous Pump & Dump schemer, Sender Vaiser of failed Hat Trick Beverage (HKBV) .
Mina Mar, who was (and apparently still is) so desperately looking for an entity to vend into the SIPC shell, countered our substantiated article with their own unsubstantiated blog entry, in which they maliciously accused us as "veiling" ourselves as a public service, and issuing an alert with "unsubstantiated claims, attacking SIPC". We also laughed at the unmitigated gall, the stock pimp had in referring to us as pimps. We sell nothing. Mina Mar promotes (sells) worthless stock. To demonstrate our case in point, let's look at excerpts from Mina Mar's blog entry:
"SIPC management is trying to reach PIMP but the company is hiding its online identity. SIPC management expects reply and action from the originators of this article. If reply and rescission of the article are not achieved shortly, the company shall employ a private investigator to determine the origins of the article and proceed accordingly."Neither SIPC nor Mina Mar tried to reach us. We are very reachable, by email, as many other subjects of our articles have done so. We have never, ever received a single email from anybody in reference to our SIPC advisory. It would have been fruitless anyway because we do not back off the truth. And of course we never withdrew the article and a private investigator was never retained to find us.
"We believe that the PIMP [read: pumpsanddumps.com] should afford this company at least 90-120 days to get its ducks in order and then revisit their public service announcement."Well it's now 137 days since the Mina Mar blog entry and per Mina Mar's request, we're revisiting our public service announcement. Not only has the Palm Beach Coffee - SIPC merger not been consummated, but Sender Vaiser recently told our investigator that he made it known to Mina Mar soon after the promotion began, that he was not interested in proceeding with the merger. What happened to Mina Mar's (SIPC's) retraction of the announcement? If Mr.Vaiser did in fact inform Mina Mar of his change of heart and Mina Mar kept this a secret, is this not fraud?
How much stock did Mina Mar or its insiders sell @ 2 - 7 cents during the Pump & Dump campaign promoting the merger? Of course, now we expect that Mina Mar has been buying back any stock it may have sold, at greatly reduced prices, and is searching for the next suitable asset to vend into the shell.
'On February 11, 2010 SIPC was quoted at 0.0002 while in a custodianship settling its debts in a Nevada court hearing. Today it’s quoted at 0.02 cents, with all debts settled, European distribution weeks away from starting and the true price appreciation about to commence. With the above in mind we can’t resist but to ask PIMP: “Anybody still want to buy this stock?”'Well yeah, the share priced increased on the heels of the Pump & Dump campaign. But, as is always the case with stocks which undergo PnD campaigns, the price has regressed. And months later (not weeks), we've seen no European distribution. Of course Europe has plenty of coffee making machines anyway.
Conclusively, Mina Mar's quotation of our rhetorical question, "Anybody still want to buy this stock?", deserves an answer: Apparently not.
Note to Mina Mar: There's a new sheriff in town.
August 15, 2011------------------------------------------------------
On June 3, 2011, we issued an advisory on Adama Technologies (ADAC) in which we laughed at the prospect that the company's only asset, purportedly located in Bucharest, Romania, was about to be sold for $15 million and as a result, a dividend of 6 cents would be distributed to shareholders. At the time the stock was trading under a penny and reached a high of about 1.5 cents on the announcement. This was such an obvious scam to us, that we called CEO, Aviram Malik a con, the scheme a Pump & Dump, and said that this sale and dividend would never happen.
On July 17, 2011, following Malik's sale of millions of shares of stock, the company issued a press release announcing negotiations regarding the acquisition of a purported African mining asset. Seemingly as an afterthought, the company also announced that the sale of the Bucharest asset and the distribution of the dividend would not take place. Shocking!
On August 2, 2011, the company filed a 10Q statement with the SEC for the period ending June 30, 2011. The financials do not reflect an asset worth $15 million or make any mention of anything in Bucharest. Total asset value listed is $276K consisting almost entirely of prepaid expenses.
On August 15, 2011, the company announced that the negotiations to acquire the African mining asset were suspended.
