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Vonage [font=Tahoma:49b3fb9bc3]
In Daniel's VOIP Forum Newsletter today, he noted:
[color=black][size
[font=Tahoma:49b3fb9bc3]
In Daniel's VOIP Forum Newsletter today, he noted:
[color=black][size=12]
However, if this is the same company as the one I've heard about, I strongly suggest that Vonage and its customers avoid it. Google has a number of examples of this spam, here .
Since May 27th of this year I have also received at least 23 such spams touting this company as an investment.
For those of you who are unfamiliar with the phrases "pump and dump" or "hype and dump", this kind of investment scam involves insiders and/or other current shareholders promoting a stock by way of spam, bulletin board or newsgroup postings in cyberspace, or by way of cold calls etc in the real world. The actual promoters may of course pay a third party to do their dirty work, so as to distance themselves from the liability associated with committing the fraud.
As more and more people - i.e. suckers - buy the illiquid shares, the laws of supply and demand dictate that the share price increase, since buyers begin to outnumber sellers. Eventually, the pre-existing stock holders dump their shares at a profit. Then supply outstrips demand again, causing the share price to fall, leaving the newcomers holding the bag.
Anyone can Google for some other definitions and examples. One possible search is for "pump and dump" defined .
In particular, I like the very first search result I obtained, at InvestorDictionary .
Please don't fall for this trap yourself, and please let's encourage Vonage to demonstrate good corporate ethics by distancing itself from known spammers and scammers.
Thank you,
Sean Sowell
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Read The Full Thread: ## Beware Nomad International Inc. (Symbol NDIN)
• Sean,
Thank you for posting this, here is a little more detail;
http://www.howestreet.com/
• [font=Verdana:67bd9c9365] Thank you Stephen, I had not been aware of the Yap/Nomad
• I submit for your consideration the SEC's case in the voicemail pump and dump.
• [font=Verdana:1e82374bd3] Yes, good points Stephen, but read further please.
You
• Hi Sean: I do not represent Vonage, I only report the news.
On behalf of myself,
• [font=Verdana:bb40ebcec6]
Thank you Dan!
One of the challenges we
• Who is worse? Idiots spouting off on trivial rants in an effort to procreate self
sojs posted "[font=Tahoma:49b3fb9bc3]
In Daniel's VOIP Forum Newsletter today, he noted:
[color=black][size" on 07/15/2005 |
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