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July 5, 2011: Today's PUMPs & dumpS


We anticipate problems for shareholders of GGRI and SFIO today and going forward. 

The Depository Trust and Clearing Corporation (DTC) has placed a "chill" order on the shares of GGRI.  A chill is issued when the DTC has reasons to believe that there are legitimate concerns about a company's stock processed through its system. This will restrict brokerages' ability to utilize the DTC to transfer the shares until the company's stock issues are cleared up or the stock no longer trades.

A second restriction on GGRI restricts trades to being settled with certificates only.  Settlement of a stock trade must occur within three days of a trade taking place.  While trades are usually settled with virtual transfer of the ownership of a certificate, under this restriction, GGRI trades must be settled with an actual certificate.

Due to the settlement restrictionss and DTC chill , TD Ameritrade and Interactive Brokers are no longer accepting buy orders on GGRI.  We anticipate other some brokers following suit.  Furthermore, a chill order is often a prelude to a more serious regulatory order, such as suspension in the trading of a stock.  We suggest investors take caution.

The DTC has also suspended all services for SFIO.  We were not able to obtain reasons for the suspension but expect trade settlement issues.  This may prove to be detrimental to the share price as many brokers will not deal with issuers who cannot be cleared through the DTC. 

Alert:

Multiple paid touts continue to aggressively send emails promoting GGRI
We classify this as a pump and dump.

Alert:

Multiple paid touts continue to aggressively send emails promoting POTG
We classify this as a pump and dump.

Alert:

At least two paid touts are sending emails promoting PWER
We classify this as a pump and dump.

Alert:

At least one paid tout is sending emails promoting INTK
We classify this as a pump and dump.

Alert:

At least one paid tout is sending emails promoting ULBI
We classify this as a pump and dump.

Alert:

At least one paid tout is sending emails promoting CEDC
We classify this as a pump and dump.