We Can Translate That For You

SEDAR files, checked through them and suddenly LSL was past first base and onto second, but this time as a potential short. And when I saw the true name of the person who was simply running the show from backstage, a certain infamous Bobby Genovese, it went straight to the home run. On Friday morning Then, my big idea was shattered by this (22), an SEC news release halting trading in the stock.

We can convert that for you. It means that the SEC thinks there is at least one large holder of LSL stock (and probably several) that have not done the right thing and submitted their total holding in the stock to the specialists. What follows is a quick rundown of data points on the corporate structure and people behind LSL, unearthed from your author in the time Wednesday to Friday as well as several many datapoints exposed by the record. It’s not as long as it was going to be if the SEC hadn’t halted the stock and scuppered the short play, but it will give you more than enough idea.

The company has around 81m stocks outstanding. Around 65m of these shares were released at a portion of a penny and are now held in just offshore accounts (that’s reliable off-record). The majority of those 65m very cheap shares are held by Robert Donald Bruce Genovese, recognized to friends, and foes as well as Bobby Genovese or sometimes simply “Bobby G”. We’ll call him ‘Genovese’ from here on because I have no desire ever to be on first-name conditions with this scumbag.

Genovese is a cent stock pump and dump fraud runner and has made millions of dollars for his own back pocket by unscrupulously ripping off the general public over time. That’s no opinion, that’s a fact, as anyone who watched the action and occasions around “Clearly Canadian”, a nutrient drinking water company that shot higher and dived low in the period 2005 to 2008 will testify.

According to SEDI insider deal records Genovese acquired access to hundreds of thousands upon millions of very cheap stocks and proceeded to dump those millions of shares on the public while responsible for the company at the time. 3) collapsed back into the pennies region. He used highly aggressive pumping techniques, including paying pumpers to do his dirty work and sucker in as many retail shareholders as it can be, then when the stock was relentlessly high enough he cashed in. Canadian’ is not his only pump and dump scam either ‘Clearly, not by an extended chalk.

  1. ► May (5) – ► May 25 (1)
  2. Combination of long-term and brief term
  3. Vie Financial Group, Inc
  4. Jamnalal Bajaj Institute of Management Studies, Mumbai
  5. 24 IA 19.9%

The last twenty years is littered with the remains of companies he has promoted, pumped, dumped, and cashed in with, all to the retail shareholders’ chagrin. The desk above is from the mentioned survey (I asked for, and was denied authorization from the authors to pass on the whole PDF, but was granted permission to sample from it, like the sampling of the table). For further reading I also point you towards to the statement (26) by Carol Remond of Dow Jones Newswires dated November 2009 that switches into the world of Genovese and some of the scams that he has effectively led.

Genovese is currently by all accounts a very wealthy man, but he’s made his money the parasite’s way. Moving to LSL back, in August and September 2012 Genovese cajoled or employed for cash a bevy of publication authors into promoting his stock. Top of the list comes James West from the Midas Letter, one of the very most two-faced and unscrupulous of all mining newsletter writers (and my celebrities, there’s competition for your mantle) to pump the business to his clients. Along with the others induced plank for the same purposes West was paid handsomely to create up LSL in glowing terms and got a great deal of people up to speed, pushing the talk about price higher on no obvious news.

A pump and dump have to be centered on something of value (or at least something that can be stated as having value) and in cases like this, LSL’s fortunes have been tied to the Trinity Silver property in Nevada, USA. Here’s another brief rundown of the basic factors of Trinity. 5m on its development in order to earn 70% rights.

The center of the Trinity property isn’t much more than a mined-out deposit. It had been mined by the Borax Company of USA in the time 1987 to 1989, when that procedure mined out the best rock at the heart of the deposit grading around 6oz/t silver precious metal (around 185 g/t) in oxide web host.