PAYD "tip" is anonymous, unconfirmed AND follows a pattern of disinformation | OSTK Message Board Posts

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Msg  8381 of 44298  at  6/24/2007 8:48:59 PM  by

Panglozz


 In response to msg 8377 by  
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PAYD "tip" is anonymous, unconfirmed AND follows a pattern of disinformation

The overheated chat on MN1 turns on a 2nd hand anonymous tip that the Irvine based little broker dealer, Brookstreet had a short position in PAYD.

PAYD is an unprofitable penny stock. It has a negative profit history, but makes its money issuing stock. More than 220,000,000 shares are outstanding. Its supposed business is selling souvenirs. It has three directors, two brothers who work for the company. The Brothers father and mother also have substantial stock interests, and related party transactions (purchase of "collectibles" in exchange for 6 million shares, etc).

The PAYD tip on short selling (conflated by the radio host to be "Naked short selling") is anonymous and completely unreliable. PAYD pays in stock for promotion, as a recent "StockPromoter.com news item indicates.

The financial markets are awash is a sea of PAYD certificates. I am sure the paided stock promoters would be glad to sell their 0.001 option shares to cover;, if short exist at all for this penny outfit. The message board indicates that the comical USXP is an obsession of some PAYD shareholders. Perhaps they hallucinated a vast conspiracy of PAYD and Brookstreet.

I first ran into MN1 following the CSHD fraud. Their repeated cheerleading of that abundantly criminal issue makes their "dilligence" exceptionally suspect in all regards.

If the OSTK CEO is getting his financial perspectives from MN1, then heaven help the shareholders of your beleaguered company.


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Replies
Msg # Subject Author Recs Date Posted
8382 Re: PAYD "tip" is anonymous, unconfirmed AND follows a pattern of disinformation evren 4 6/25/2007 1:25:13 AM


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