AIM13 Aug 2016 15:43
In general now, you get the same type of event profile for pump and dumps, in this order,
an rns promising the earth,
private placing,
social media ramp and flip,
finaly ends with another glorious rns promising even more just to allow flippers to get out,
then do it all again.
Been going on for ages, but just seems more slickly done now, and the members involved in the partnership are combining in the same way you get specialists in to build a house, from foudations to fluffy interiorors.
If the fca need any witnesses, id expect there are a few thousand people that can supply 1st hand accounts of the practice and persons involved.
Spoofing, ramping, pump and dumping, i dont know if there is a term for all this colusion between companies, brokers, bloggers/tipsters and (shortterm)holders, etc. Spamping?
I'm utterly amazed this has gone on as long it has. There is one (more than one actually) spoofer (google it) that has been at it for years, i am amazed he has not been reported or even investigated, or if so, how he gets away with it. Uses the same method everytime, day after day. You dont get that many winners without an edge.
Why dont the sherrifs of aim use their investigative skills on this part of the con?
Ive not named names. They are SO OBVIOUS, i dont need to, and that is how easy it should be to catch these people.