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penny stocks

tim skyes reads the tape whether to buy or short, analysing shit stocks versus good ones

http://www.suretrader.com/Home.aspx?a= this is tim's platform/

tim sypes,Tape reading, while boring and time consuming, teaches you a TON about the stock market and investor psychologyin trading, there are lessons everywhere. - See more at: http://www.thecrosshairstrader.com/2010/11/timothy-sykes-and-the-rewards-of-day-trading/#sthash.PERHl2gj.dpuf

finding junk companies through promotions giving themselves away.

Superman trader

http://profit.ly/offers/superman

gt on twitter for timothy alerts

scc filings. U can google companies to spot junk firms.

Superman and modern rock are true traders who win

dont put stops. Since u can get stopped out, but use mental stops. From superman trader more successful than timothy

superman trading rulesfind momentum before it happenskeep lists of stocks [yahoo finance]know when stocks are due to reportmany stocks will move up in earningsknow the prior years compreview the last earnings reportknow sympathy companies that reported strong earnings

20% plus great buy ipos before release.

On his trading rules1 identifies testing areas that did not break through drawing resistance line

You must be aware of the number of shares traded and the dollar volume, Sykes said. He also suggests that you trade penny stocks that are priced at more than 50 cents a share. Stocks that are trading less than 100,000 shares a day and are under 50 cents a share are not liquid.enough to be in play, he added.

7. Use mental stopsBecause the bid-ask spreads on many penny stocks can be high, as much as 10%, hard stop-losses can actually cause you to lose money.Although it takes more concentration, use mental stops. I focus more on risk-reward than stops, Sykes said. If I want to make a dollar a share on a three-dollar stock, I will cut my losses at 20 cents so I have a 5:1 risk reward. I aim for 3:1 or 4:1, but not 1:1 or 2:1. If I think a dollar stock has only 50-cents upside (2:1), my mental stop loss will be at 10 cents because the risk-reward is better.

Buy the best of the bunchSykes looks to buy penny stocks that have had an earnings breakout.I love buying penny stocks when they have good earnings, or when they are breaking out to 52-week highs on volume that is at least a quarter million shares a day, he said. They are easy to find if you look.The challenge is to find stocks that make 52-week highs that arent due to a pump-and-dump scheme. Examples of penny stocks that have fit Sykes criteria in the past include TangoeTNGO+1.87%, Magal Security SystemsMAGS-1.66%, and Staar Surgical Co.STAA-0.23%.

You really need to be careful with position sizing, Sykes said. I learned the hard way not to trade big. My rule now is not to trade more than 10% of the stocks daily volume be meticuloustim grittani's [commenced trading in 2011]

1 uses level 22 does not use technicals3 know the ticker--[smart money volume spike]4 split with 3 brokers so he can have 9 day trading 5 prefers interactive brokers

timothy recommended alexander elder and michael covel trend following.

Got both of them.

Michael goode

investors underground

trade the ticker-- is tim's grittani blog

trades ticker and the chart. Not technicals

watches modern rock twitter account

lx 21 is another trader tim follows

check out investors under ground

profit.ly-- shows all profitable tradersi am now within the grasp of the profitable 10% community

following below from modern rock

Question: "Why do you prefer trading OTC Stocks?"There are two main reasons why I prefer trading OTC and Pinksheet stocks over stocks that trade on the major exchanges:

1.The Level 2 Advantage

Most OTC market makers do not offer instant executions. This creates the stacking action from market makers in level 2 that I love to analyze and makes it much easier to time exact tops/bottoms during volatile periods. You can see further examples of what I'm talking about in mylevel 2 posts. Listed stocks have instant executions, so you do not get the same advantage from level 2.

2. Chart Patterns are More Reliable

I have found that OTC stocks trade based off chart technicals far more than any kind of fundamentals. Perhaps this is because most OTC stocks are garbage and have no fundamentals at all. Also, the overall market tends not to affect the patterns. The tweet below from Modern Rock sums it up best:


Of course there are challenges with OTC stocks as well, such as getting executions or finding shares to short. This is why it's important for you tohave the right broker(s)if you're going to trade them. (Which broker will best fit your style is up to you, so please don't ask me.)

I hope this clears up any confusion about why I prefer OTC stocks. Remember that this is just a personal preference - do not interpret this as a statement saying OTC stocks are better to trade. What is best for you to trade depends on your personality and the strategies that have been successful for you.

Grittanihttps://www.youtube.com/watch?v=tPprerHp7CQ likes know thy pumper strategy and breakout at least 90% of promotors out there not worth buying

box position does not work for him.

Know thy pumperdifferent promoters have different patterns.They will alert stock with volumeusually tied to promoters historical success.Email for list of promotersuse promoter history to make informed decisions.

save emails get ont oas many email lists as you can.How does a market react to an alert.

know all promoters

brighton what we know

1 they do boiler activity. initial phase

Slow controlled climb during phone call phase

No big pullbacks in initial phasetalk biggest pullbck day 5-1.19 to 1.05[9 cents on day]

GNIN biggest pullback day 2 -69c to 59 cents].8cents /day]

phase 2 staggered emails

emails started 2 weeks into promo for talk, 4 weeks in for gNIN.

Released 203 sites pr day on GNIN and talk, newest sites first, oldest most established lists next.

Initial emails would result in big gaps ups

phase 3 massive collapse talk 2.10$ to 73 cents, choppy panic first red day after emails.

GNIN 3.35 to 1.26, choppy panic, first red day after emails

how I find stocks

read my pump emails

2 pumper accounts good and unknown /crappygoogle hot stock picks or penny stock picks etc

scanners equity feedinteractive brokers

looking for top OTC % gainers [trading> 100k in volumemost active OTC stockssee what scanners find

awesome penny stocks, victory mark offer best opportunities

massive early volume

usually announced right at opening bell premarket volume tells story

buy confirmation, sell in ensuing spike.

After volume spikeunpredictable-[implied]

pre market spike morning volume.

Holding overnite can be a gamble

even on bad stocks the initial volume spike is there when market makers getting in

looking for over extended daily charts

shorting into big spikes, don't start full size

want to cover into pullback or full blown collapse can't be stubborn if it wont crack

level 2 key for timing

if you see collapsing cover up immediately fake tops .when he saw the bid catching 2 bops up he covered and got out of the trade.

D list promotions

d listeners are promoters with low success rates

most promotions last minute

ideally short into big spikes

compensated vs uncompensated

compensated more likely to fail

uncompensated more likely to spike big first

pay your self into pullbacks

sometimes these can run 2-3 days

play like over extended chaty

short spikes cover pullbacks

if in their disclaimer that they are compensated then someone hired them.

Mental stops mental stops

a perfect buy alert with potential and reputable company.

it moves like a promotional stock I was glad I got out of it

25. Its possible to start with just $2,000 in your account as mytrading challengestudent Azimjon started with $2,200 and has grown it to $160,000 in just over a year asyou can see all the trades HERE.

SureTraderSureTrader is a leading international online stocks & options trading firm offering 6-1 leverage. Experience the difference with our high speed stock, options, direct access and day trading platform.

Unfortunately the volume in HPTG has been so anemic so as not to even be worth shorting the stock

I surmise basic strategy . Shit companies short and good companies that are not punped buy and then sellget into community of traders giving adviceportfolios of 100's of tickersotcs are penny stocks\\

t starts slowly. I might receive only five or six messages by mid-afternoon. By midnight, I could easily have 50 forwards all pumping the same stock.The messages are simple. They offer a stock ticker and an urgent plea: buy this stock now, or risk missing out on the opportunity of a lifetimeBut you dont have to sign up for these lists and deal with an endless stream of spam. Even if you dont receive a single e-mail, I can help you identify these scams by simply looking at a chart.Below is an example of a stock that has recently been heavily promoted. I have divided it into three sections. Each contains telltale signs you will find in almost every penny stock pump

1. The SetupUp first is the classic penny stock pump setup. This is the action that happens before the promotional material is released to the public.There are several key elements to a common promotional setup. The first is the complete absence of trading volume a price action. Most penny stock pumps come out of nowhere. If it wasnt for the promotional material, the stock would be untradeable and worthless.You can see the evidence on a candlestick chart. Notice how the setup section looks completely different from the pump. There are virtually no full candles and volume is nonexistent. A penny stock that mysteriously begins to attract attention after sitting idle on the open market is your biggest hint that something fishy might be going on2. The PumpAfter those who are in-the-know load up on shares, its time for the pump to begin. The pump is a time of pure euphoria for unsuspecting investors. They buy the stock and watch it rocket to new highs. Every dip is bought. Promoters send follow-up e-mails promising that the incredible performance is only the beginning of a never-ending run toward an obscene price target.Almost every pump looks like the middle section of our chart. The promoted stock doubles or triples in just a few days or weeks. Trading volume explodes. The stock moves higher as newcomers fight for shares.But the good times dont last for long3. Hope? Or the End?Once the buying slows down, everything begins to fall apart for a promoted stock. The big pushes higher are replaced by shakeouts and flat trading days. There might be one more push from the promoters to encourage the hopeful bag holders. But unless an extended promotional campaign is in the works, this is the most dangerous time to own shares.If you bought a promoted stock for whatever reason this third stage is the time you must sell. As for our example, the big selloff has yet to happen. But when it does, anyone left holding shares will find themselves saddled with huge lossesThinking About Buying Stocks?Dont even think about buying a stock before I have a chance to rate it! Send all of your tickers, charts and questions [email protected],Greg Guenthner
forThe Penny Sleuth
http://pennysleuth.com/3-traits-of-a-pumped-stock/

get online feed news in case there is a surprise in market prospects

MOST PUMPED STOCKS

On the left side of the page, you will see "MOST PUMPED Stocks". There you will see which companies are being promoted for the current trading day. If the company is listed multiple times, each new entry represents a different promoter having issued a promotion alert for the same company. Also indicated is whether the promotion campaign is being paid for or is free.

This snapshot of promoter activity is a valuable tool to useprior to investingyour hard-earned money

https://www.youtube.com/user/timothysykesdotcom/videos --notes panel of good traders including tim

there may be 10 sellers blocking you at 3.or one market maker at 3 dollars a share.If people keeping buying at 3 dollars a share and does not break out then this guy[market maker may be selling might try to sell 80,000 shares.If there is earnings or contract and would like to take out the seller himself --Tim will try to take out the seller out himself.he can move this guy out and see if there is stop losses. He takes over that seller.and creates a tidal wave breakout. [[seems like not all can do this]

on otc's when they start to thin up.is useful gauge where like to put order. If sneaks parabolic, if he sees big shares on price levels. 50,000 share at 3.20.May make order at 3.17 up from the previous big buyer levels] always looks for refresh buyers flagging 100.[hidden accumulation orders ] Under short seller restriction rule] shows up they have 100 share. But are really big market makers.-- And you know the bid is not going anywhere then you know there accumulating and there is a good chance it will squeeze up.

Level 2 market makers control otc's.

On the bid it appears there are big buyers , however if price is not moving anywhere, then

on promotions 50 million share bid is not always a good bbuy , and offer is not moving because they are selling and they are trying to entice you to buy. And they uptick one penny and it is just 100 shares instead of 50 million.He will double up if sees a pump and dump to short.

Buy dvd sethttp://www.ebay.com/sch/i.html?_trksid=p2050601.m570.l1313.TR1.TRC0.A0.H0.Xtim+sykes&_nkw=tim+sykes&_sacat=0&_from=R40

tim's max entry is not more than 1 point. Maybe 25 cents average and still makes thousands.

Rudy dekker videos on pump and dump. Pre promotion front run a little uplift then consolidation phase, predicts a big move.Cam24trader and madaztraderAlso check out youtubing how to profit from pump and dump.

https://www.youtube.com/watch?v=8pgL8GHfmR0 nathan michaud

When market makers sacking the bid more than level 2 in the ask equals growing long

adapt year every ear according to tom ecnc1 on profit.lyopening gap up open range is not sustainable. Morning emotion.[gap up parabolic]

parabolic relative to the prior price action. 9/10 times is not sustainble.

Sharp spike made in 15 minutes[this is unsustainable]

Nathan M. Michaud, a prominent penny stock trader, has settled with the Securities and Exchange Commission regarding a civil suit filed by the SEC in May 2009 regarding a pump & dump that occurred in the stock of Asia Global from August 2006 until February 2007. Michaud is known online as Investorslive, has 9,000Twitter followers, and runs the websiteInvestorslive.com

Interviews with Traders - Steve Baldwin & Stock Horizon

http://www.investorsunderground.com/2012/01/03/suretrader-7pm-q-and-a-session/ sure trader credentials from the underground source. The successful place of successful traders reason got onto penny stocks a face to the faceless street of wall street.

Yes, I receive an affiliate commission for referrals but my point here is not to get rich off sending members. My point here is to make sure each member finds a good home depending on how or what they trade. If youre under $25k this is the answer. If youre over my other favorites are SpeedTrader and Interactive Brokers

note speed trader recommended from ebook author on pe ny stocks, timothy sykes and now investors underground.

Yes, I receive an affiliate commission for referrals but my point here is not to get rich off sending members. My point here is to make sure each member finds a good home depending on how or what they trade. If youre under $25k this is the answer. If youre over my other favorites are SpeedTrader and Interactive Brokers.

Those under Pattern Day Trade Rule aka less than $25,000 in your account. As you know you can only trade 3 round trips per 5 day rolling period. Theres many prop shops out there that allow you to get around this rule but none are registered and the ones that are require you to eventually get a Series 56 license which in the end will leave you with Professional Fees on all platforms and youll start getting fees up the wazoo!

Pennypumpfinder.info check out.

looks for technical brreakouts and break downs.Ist mailing fresh stocks are the best. Not ones previously traded. Fresh promotions for the month

https://www.youtube.com/watch?v=KyKPzYHyOmY which stocks are too high from market caps.

Companies with high market cap cannot raise capita

high marketcaps means supply will be tremendous

want to hire a promoter ---https://www.stockpromoters.com/Promoter/we-pick-penny-stocks-1157.aspx

https://www.stockpromoters.com/ software promo. 15 minute strategy

dont buy companies with market cap over 15 million hot stock penny monitor only 50$[disguised promoters]

only buy promoters with a winning streak.

Promoter history can allow you to gauge when to buy and sell.

Dont buy a promotion with a third party with a bad track record.

If the pre market is raised then promoter is planning a dump

don't buy the stock when it immediately ramnmed up 100%.

low market caps better chance of making money.

Fresh promotions only within month

so conditions of 15 minute trades buy it and then sell it 15 minutes latter

https://www.youtube.com/watch?v=KyKPzYHyOmY

is company cheap

price to book

growth rate

price to book

price to sales tells you what the market cap is in relation to how much sales the company is doing.

Can find which stock are making a sell off signal by itemising bollinger and stochastics crtieria search and find.

companies growing quarterly consistently [[adheres to o neil]

find the fastest growing companies and the ones with cheapest price and make 1000%

stocks which made huge moves already have at least 250,000 in the bank

dont buy companies with long term debt.You can type the symbol and see when the day it was promoted and it infers it was promotional rather than inherent intrinsic lift.

Claims to id 98% of pump and dumps

buying 52 wee high.

Panic is made when bottom band of bollingers and slow stochastics below 10 at the same time

critique

Mixed Emotions Given Their Disclaimer

I would normally say this is a decent enough penny stock site -- which is a tough thing to come by these days, but these guys have "free reports" in order to build their mailing list so they can promote stocks because as their disclaimer states, yes, they do take compensation from time to time. But if you take everything they say with a grain of salt, every now and then they will surprise you with some useful information about a promoted stock and since they are promoters too, they know a bit more than the average blogger....just be sure to verify everything as you can't trust promoters!

AndCovestor an investment mirroring service displays the trades of its model managers, but you have to go through arigorous processto be a manager and get your trades listed on the site. Profit.ly, however, gives any trader the tools to show off his performance. The siteoffers a free service that allows users to verify their trading record, track profits, comment on the trades of other users and be listed on the sites leaderboards. Profit.ly also sells subscription services, which range in price from $29.95 to $74.95 per month, that add real-time alerts and extra analytical tools, provide users with more data on other peoples trades and keep their profiles private if they want

Worth a look when you are researching a junky stock.

Tom mcarthy pre promotions stocks on profit.ly

A Fortune for a Penny?
What makes penny stocks risky? Four major factors make these securities riskier than blue chip stocks.

1. Lack of Information Available to the Public
The key to any successful investment strategy is acquiring enough tangible information to make informed decisions. For micro-cap stocks, information is much more difficult to find.Companies listed on the pink sheets are not required to file with the Securities and Exchange Commission(SEC) and are thus not as publicly scrutinized or regulated as the stocks represented on the New York Stock Exchange and the Nasdaq. Furthermore, much of the information available about micro-cap stocks is not from credible sources.




2. No Minimum Standards
Stocks on the OTCBB and pink sheets do not have to fulfill minimum standard requirements to remain on the exchange. Sometimes, this is why the stock is on one of these exchanges.Once a company can no longer maintain its position on one of the major exchanges, the company moves to one of these smaller exchanges. While the OTCBB does require companies to file timely documents with the SEC, the pink sheets have no such requirement. Minimum standards act as a safety cushion for some investors and as a benchmark for some companies.




3. Lack of History
Many of the companies considered to be micro-cap stocks are either newly formed or approaching bankruptcy. These companies will generally have poor track records or none at all. As you can imagine, this lack of historical information makes it difficult to determine a stock's potential.


4. Liquidity
When stocks don't have muchliquidity, two problems arise: first, there is the possibility that you won't be able to sell the stock.If there is a low level of liquidity, it may be hard to find a buyer for a particular stock, and you may be required to lower your price until it is considered attractive to another buyer. Second, low liquidity levels provide opportunities for some traders to manipulate stock prices, which is done in many different ways - the easiest is to buy large amounts of stock, hype it up and then sell it after other investors find it attractive (also known aspump and dump).

Totally free: learn a trading technique usable with most any stock you want to trade


Penny-Baited Traps
Penny stocks have been a thorn in the side of the SEC for some time because lack of available information and poor liquidity make micro-cap stocks an easy target for fraudsters. There are many scams used to separate investors from their money. The most common include:

Biased Recommendations
Some micro-cap companies pay individuals to recommend the company stock in different media, such as newsletters, financial television and radio shows. You may receive spam email trying to persuade you to purchase particular stock. All emails, postings and recommendations of that kind should be taken with a grain of salt. Look to see if the issuers of the recommendations are being paid for their services as this is a giveaway of a bad investment. Also, make sure that any press releases aren't given falsely by people looking to influence the price of a stock.
Penny-Baited Traps
Penny stocks have been a thorn in the side of the SEC for some time because lack of available information and poor liquidity make micro-cap stocks an easy target for fraudsters. There are many scams used to separate investors from their money. The most common include:

Biased Recommendations
Some micro-cap companies pay individuals to recommend the company stock in different media, such as newsletters, financial television and radio shows. You may receive spam email trying to persuade you to purchase particular stock. All emails, postings and recommendations of that kind should be taken with a grain of salt. Look to see if the issuers of the recommendations are being paid for their services as this is a giveaway of a bad investment. Also, make sure that any press releases aren't given falsely by people looking to influence the price of a stock.




OffshoreBrokers
Under regulation S, the SEC permits companies selling stock outside the U.S. to foreign investors to be exempt from registering stock. These companies will typically sell the stock at a discount to offshore brokers who, in turn, sell them back to U.S. investors for a substantial profit. By cold calling a list of potential investors (investors with enough money to buy a particular stock) and providing attractive information, these dishonest brokers will use high-pressure "boiler room" sales tactics to persuade investors to purchase stock.
In an interview that is sure to shake the pillars of Wall Street, billionaire investor Warren Buffett revealed to our crack reporter Kent Baleevit that he actually made his wealth from risky penny stocks and day trading. "C'mon, Kent ... long term value investing? Who has time for that crap? I'm an old man ... I need to make my money quick and get to the casino before the lines at the early-bird buffet get too long."
http://www.otcmarkets.com/home

http://www.thehotpennystocks.com/markets/pinksheets/

Option #3: Buy on the U.S. Over-The-Counter Market.The over-the-counter market is also known as the Pink Sheets market. The Pink Sheets are a daily publication compiled by the National Quotation Bureau with bid and ask prices of over-the-counter stocks.Unlike companies on a stock exchange, companies quoted on the Pink Sheets system do not need to meet minimum requirements or file with the Securities and Exchange Commission (SEC). The name Pink Sheets comes from the paper color that quotes were historically printed on.The Pink Sheets have a horrible reputation. Whenever you hear about a stock getting de-listed from the NYSE or Nasdaq, it ends up on Pink Sheets, a marketplace primarily filled with penny stocks and borderline insolvent companies.However, there is a wide range in the quality of issuers whose securities are traded on the Pink Sheets from major international conglomerates to very small, highly speculative, often worthless companies.The Pink Sheets: Hide and Seeking the Worlds Best Foreign StocksThere are roughly 15,000 stocks traded on the Pink Sheets, and most of them are worthless.But there is one sub-category of Pink Sheet stocks that is worth your time and is the source of some of the very best values.Any stock that trades on the Pink Sheets falls into one of these two categories: (1) companies that dont meet the listing requirements of the New York, American or Nasdaq stock exchanges or (2) companies usually foreign that are unwilling to jump through the regulatory, legal, and accounting filings that accompany listing on the major exchanges.The second category is foreign companies. For example, everybody has heard of Nintendo, and it is certainly not some crappy penny stock.The only reason Nintendo is on the Pink Sheets is that it like many foreign companies such as Volkswagen and Nestle sees no reason to create a duplicitous legal and accounting department just to be traded on the NYSE.These huge international companies already meet the filing and regulatory requirements of their home countries, but they would have to open and maintain an English-speaking version of those same offices.A double legal team, double accounting team, as well as staff that are experts at U.S. securities regulations requires a huge financial and time obligation that a lot of foreign companies are unwilling to undertake.Plus, these foreign companies have already met all those legal, regulatory, and accounting requirements in their own country and feel that the burden is on YOU to read/translate their home country filings.Clearly, companies such as Nintendo, Volkswagen or Nestle are not borderline insolvent pieces of financial junk. They are thriving, profitable, household-name companies that are every bit as reputable as any U.S. blue chip company.The biggest problem for most of the 15,000 stocks that trade on the Pink Sheets is that the U.S. companies on the Pink Sheets are indeed borderline insolvent pieces of financial junk. The foreign companies, however, can be hidden gold mines.Here are my two rules for investing in Pink Sheet stocks.Rule #1: Stick to non-U.S. companies.Rule #2: Always use limit orders when buying/selling.Many stocks, both foreign and domestic, suffer from a lack of trading volume. Many of the Pink Sheet stocks dont trade for days or even weeks at a time and suffer from Grand Canyon-sized bid/ask spreads. It is pretty hard to make money on a stock when the market maker is killing you for a 10% to 25% bid/ask spread on both sides of the trade.Market Order:A market order does not have a set price and is therefore executed immediately at the current market price. Markets, especially OTC markets, can be highly volatile, and the price of execution may differ dramatically from the price at time of order entry. Those who use market orders are more concerned about the speed of the execution as opposed to the price.Limit Order:A limit order has a set price and may only be executed at the set price; however, a limit order may never get executed because the market may move away from the set price. Those who use limit orders risk not having an order executed.As long as you follow those two rules, the Pink Sheets is an underappreciated market filled with some of the best bargains you will ever find.Best wishes,TonyTony Sagami is the editor ofBlue-Chip Option Alert, a trading service designed to help investors profit from the seemingly unstoppable Asian consumption machine. He helps his subscribers tap into this potential through a variety of easy-to-execute strategies on global companies that trade on the U.S. exchanges that also do big business in Asia.

Take Nestle(NSRGY), for example, the world's largest food and beverage company. Sure, you could buy shares on Nestle's home exchange, but then you'd be subject tocurrencyrisk converting dollars to Swiss francs. So that leaves you with Nestle American Depositary Receipts (or ADRs, a vehicle foreign companies use to trade in the U.S.). Nestle purposely eschews listing its ADR on a major exchange such as the Nasdaq because it would have to prepare two sets of financial statements -- one in accordance with international standards and another adhering to U.S. standards.

How to get your company listedThere is a process called a reverse merger where you take control of an existing shell company that is already listed.There will be lawyer costs involved, but you may be the shell owner to shell out some of the costs if he likes what he sees.Caution: Many a good company get screwed when taking a shell. The previous owner (or other large shareholders) may have tons of stock to unload on you, leaving you with a worthless company.I suggest you get in touch with a corporate lawyer and see if you can even qualify, there are a lot of hurdles to get over.I dont know anything about SVMI, but if they did it via reverse merger, it went like this: They were probably approached by some promoter who has a shell. He to the reverse merger done, pumped the stock, dumped all his holdings and left them with a worthless company.

Good Day, this is very easy . I have been in crossborder trading for 35 years.I can get you public and traded on the US PINK SHEETS in a couple of months at a cost of around $25,[email protected]