Folks I’d like to get some backgorund related to the ownership of Here Enterprises, which I highlighted in a post last week here. I’ll let Yall Politics explain why:
These “microcap” stocks are sometimes affiliated with fraudulent “pump and dump” schemes where insiders accumulate large amounts of shares over time, manipulate trades and they pay internet marketers and boiler rooms (often overseas) to hype stocks and create a false market. Here Enterprises has issued (at least in the past) these similar Regulation S shares, which are targeted to trade overseas.
Something else that Here Enterprises shares is common ownership with a financial mastermind that has just been served an enforcement action by the SEC for $35,000,000 in securities fraud one week before Neilson was named CEO. Continue reading “Must read: Yall Politics explores the hiring of former FBI agent Hal Neilson and his new company contains some very interesting Louisiana connections.”
XING was a special short because despite the fact it smelled worse than 2 day old southern summer roadkill greedy American patsies ran the price up to unsustainable levels back in 2007. Well folks, it is one thing to take money from greedy retail investors but when a heavyweight investor like John Paulson gets sheared it makes the financial news in a big way.
I’ve always steadfastly maintained that with very few exceptions the national financial press are little more than nicely dressed stock touts but maybe there is some hope when after all these years someone at CBS Marketwatch is finally convinced with reams of hard data illustrating the fact that most US listed Chinese companies are little more than scams.
If the average American ever came to an understanding of exactly how little the securities laws on the books really mattered in how the markets are made there would be lots more passbook savings accounts in force.
Here is the choice folks, the daughter of a politically connected class action lawyer with a Goldman Sachs/Bill Clinton pedigree or the lawyer for a sleazy stock operator who ran a pump and dump on the now defunct HSOA. That HSOA scam created a lot of bagholders due to greed but some of the stuff Daddy Fayard is into really will make your skin crawl. We appreciate the coverage and links from Scott McKay over at the Hayride on a few of our older posts dealing with Hugh Sibley and his connections to Pappa Fayard.
All that said Slabbed will make a recommendation on this race: Continue reading “Between a crook and a hard place: A Louisiana Lite Gov election update.”