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EverydayInvestor (< 20)

September 2009

Recs

37

I'm Right Again: Genova Biotherapeutics Stock Halted by SEC

September 23, 2009 – Comments (22)

Hmm, it looks like I said a couple days ago that "The press releases put out by Genova [Genova Biotherapeutics (OTC BB: GVBT)] are over the top even for a pump & dump and I think it likely that the SEC will halt trading in the stock or sanction the company at some point."  [more]

Recs

60

Anatomy of a Pump & Dump

September 15, 2009 – Comments (46)

If you have ever wondered what a pump & dump is, take a look at the financials of Genova Biotherapeutics (10Q here). They have $35,000 in the bank and somehow are confident that can use that money and patents they bought for $92,000 to develop a cure for cancer.  [more]

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