Pump and Dump: NHVP
Today's dish is stock manipulation spam. Received from 220.135.190.48 (220-135-190-48.HINET-IP.hinet.net.; WHOIS: CHTD, Chunghwa Telecom Co.,Ltd, Taipei, Taiwan) on Wed, 8 Jun 2005 12:32:20 -0000. Text is reproduced here minus the "disclaimer" block.
Groundbreaking NEws for NHVP - This issue is HOT
Symbol: NHVP
Current Price: $0.55
10 out of 10 Rating Watch This stock SOAR
Northeast Development Corporation Negotiating for the Purchase of Prime Residential Development Property
Northeast Development Corporation Negotiating for the Purchase of Prime Residential Development Property
Northeast Development Corporation Negotiating for the Purchase of Prime Residential Development Property
GroundBreaking NEWS!!! <---
Expected Speculative price in next 3-5 days: $1.55
This Stock is expected to o through the roof.
+++++++++++++++++++++++++++++++++++++++++++++++++++++
Symbol: NHVP
Current Price: $0.55
Expected Speculative price in next 3-5 days: $1.55
*****************************************************
Our Last 3 Stock picks were up between 40-300% after our profiles!!!
Many low-priced stocks provided HUGE GAIN opportunities for investors who capitalized
and jumped on them early enough.
The Company:
++++++++++++++++++++++
Northeast Development Corporation (NSC) is a real estate construction, development, acquisition a
nd management company focused in the Northeastern United States. It currently does business
around Hartford CT. Its' primary objective is to build long-term shareholder value in secondary and
tertiary markets that are in exurban growth paths.Northeast Development Corporation (the "Company",
unless the context indicates otherwise) is engaged in the construction business. The Company was
incorporated in 2004 as a successor to businesses, which had been engaged in providing construction
services since 2003 formerly through an operating subsidiary of Rescon Technology, Inc. The Company
currently provides general contracting, construction management and design-build services to private
clients and public agencies throughout the Northeast United States. It has a limited operating history,
but strong developmental ties into its' target geographic markets. To date, it has primarily completed
civil works projects in the Northeast US. The Company's construction business will involve two basic
segments or operations: building and commercial development; and civil works projects.
News Release:
PHILADELPHIA, Jun 06, 2005 (BUSINESS WIRE) -- Northeast Development Corp., (Pink Sheets:NHVP),
announced today intentions of offering for the purchase of 40 acres of prime residential real estate in the
Greater New Haven, CT area. The property is zoned into twenty 2-acre residential plots for luxury residential
development. The company is confident that the bid to acquire this property will be successful.
"We believe that under the current market situation and the short to mid term real estate market development,
the profitability of such a project is assured," stated Henrik Klausgaard, CEO.
Additionally, the company also announced it is progressing well with negotiations to secure marketing
representation in Europe, since the interest in overseas investment is currently quite high in the Euro-zone.
4 comments:
Another instance of this spam has arrived, with minor changes to stock prices, and so on. This one says that the "huge news" is "NORTHEAST DEVELOPMENT CORPORATION taking possession of industrial storage facility". It was sent from 216.233.99.102 (WHOIS: UUNET, delegated to Intimo Inc, New York, NY, USA) on Mon, 13 Jun 2005 09:30:07 -0000.
More similar-looking stuff has arrived from 200.121.157.122 (WHOIS: Telefonica del Peru) on Sun, 19 Jun 2005 21:50:17 +0000. This one has a space in the stock sign, as in "NH VP". The breaking news this time is that they're "entering into negotiations to purchase a laser engraving and marking facility which is well established in the European medical and technical market." Blah blah.
Please contact enforecement@sec.gov which sends a personalized reply if one includes header whois / ping info.
Apparently the GS-14's at the SEC do follow up on these and bust them.
Complaints to the overseas providers are never acknowledged, hence making complaints to them useless and bumping the complaint process to the government level.
When contacted, the principals of these companies answer residence phones "hello" or have cheap answering machines with the standard greetings.
Suggest a special pump and dump black list site so that responsible ISP's can filter this stuff out.
Read enforcement@sec.gov.
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