SEC Uncovers $194 Million Penny Stock Schemes that Spanned Three Continents

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“But rich people don’t buy penny stocks, they just don’t. Because they’re too smart, that’s why not.“


How about the elephant in the room SEC?


Ah yes the SEC going for the big bucks as always


Gtfo out of here with this chump change shit


Oh I didn’t know the SEC bothered to investigate things anymore – I thought they were just an early warning system for the thieves these days.


Complaint 1:

All Vancouver-led court petitioned zombie and debt takeovers and assignment of ‘notes’ which were converted into free-trading shares then pumped and dumped through offshore accounts.

Zenosense (ZENO), Envoy Group (ENVV) name changed to Black Cactus Global (BLGI), Enviro Technologies, Intl. (ETII), Drone Guarder (DRNG)

Complaint 2:

UK-based pump-and-dump schemes

North American Oil (NAMG), American Helium (AHELF), Steampunk Wizards (SPWZ), Polar PEtroleum (POLR), Lifelogger (LOGG), Blue Eagle Petroleum (BEAG)

Complaint 3:

Canadian pump-and-dump of U.S. microcap stocks

Blake Therapeutics (BKOT), Bingo Nation (BLTO), Drone Guarder (DRNG), Horizon Minerals (HZNM), I-Wellness Mktg (IWMG) formerly (MONK), Oroplata Resources (ORRP), Preston Corp. (PSNP), Vilacto Bio (VIBI), Zeonsense (ZENO)

Anyone own or traded these tickers?


Financial warfare: will there be a backlash against the dollar?

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The question is what would replace the USD and how willing would international investors be to participate in it? Chinese rules/laws about everything, finance included, are subject to change without notice. Markets don’t like that. And aside from the Chinese yuan I’m not sure of any other currency that could do it, even if the desire was there.


anyone that has ever dealt with RMB on a corporate scale knows that no company ever wants to hold it. China restricts the movement and conversion of it at all times. Companies do everything they can to avoid holding or trading it. Does that sound like an emerging currency that will be the global leader?


Sure there will. And then everyone will realize there’s no viable alternative.


No, as long as American consumers and business are the largest consumers in the world. Plus, the US literally writes the game rules when it comes to macroeconomics and monetary system management, so unless someone else figure something better, good luck. and I sure as fuck Crypto and Bitcoin aren’t one


No, for the last time no. Eurozone is too volatile and only loonies trust the Chinese so the dollar is here to stay. The overall share of dollar reserves may drop, but not enough not make a material difference to the US economy and macroeconomic conditions. Treasuries may be more expensive to roll over but nothing earth shattering. Might even be a good thing as it will force congress to stop going further into debt.


U.S. Consumer Sentiment Unexpectedly Rises to Three-Month High

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Tax returns


Sounds like the market and economy are in for a downturn. I’m reminded of a famous quote by Warren Buffet while reading an article like this.


The wonderful thing about America. We can’t stop spending money


Well yeah its almost Christmas.


Nobody wants to admit that the party is winding down