http://www.sbwire.com/press-releases/major-movers-in-mid-day-trading-pinkewrl-pinkicoa-pinksrge-and-pinkaamrq-182860.htm :
ICOA INC (PINK:ICOA) is the most active penny stock in Monday’s session with the stock prices moved up by 200% to $0.0003. Investors rushed to buy the stock on news that Google has reached an agreement to acquire ICOA INC in exchange of $400 million. The acquisition would help Google to operate i wireless access services in 40 states. Over the past few quarters, Google has shown increased interest into Internet access. The company has been working aggressively on several ways to improve the use of the Internet. More than 1.05 million shares have been traded hands, compared to its average volume of 926K shares.
...............
"This,(rumor planted on PRWeb that Google was buying the fraudulent ICOA penny stock pump and dump protected like so many thousands of penny stock frauds by the Zionist money laundering aiders and abettors who control our SEC for $400 million ),was a hoax," George Strouthopoulos, CEO of Rhode Island-based ICOA, said in an email to this newspaper. "Someone, I guess a stock promoter with a dubious interest, is disseminating wrong, false and misleading info in the PR circles."
Although I have been advocating the ragingbull.com penny stock promotion 'message board' be closed down as well as Yahoo!'s stock promotion message boards years many years and although some parts of them indeed are closed down so that people can't use them to investigate older stock frauds because the owners of those boards have always used them to help the very fraudsters who run the scams the 'message boards were set up to promote,they are still a very good source of info on the frauds them sometimes coincidentally.Here is a relatively recent post on the ragingbull.com message board that points out the execs themselves are and have been involved in stock fraud share- money laundering ops for years.If the poster knows this and I know this now,why hasn't the U.S.SEC of Mary Schapiro and the new Jewish female who has replaced her as chair of SEC known tgis as well with their many decades of 'securities' experience ? In truth if we had a real president instead of a prostitute of Israel and the Lords of London as Barack Obama is,then the SEC attorneys would have been forced to resign in mass and neither Mary Schapiro nor her fellow Bernie Madoff and Douglas Shulman connected replacement, ,would ever be or have been appointed to head the SEC.IF AFTER TAKING LINK TO FRAUDULENT RAGINGBULL.COM PENNY STOCK PROMOTION BOARD MESSAGE QUOTED BELOW YOU CAN SCAN THE MESSAGE BOARD AND FIND MORE INCRIMINATING INFO ON ICOA EXECS AND OTHERS
THAT THE U.S.SEC HAS KNOWN FOR YEARS BUT DOES NOTHING ABOUT.:
http://ragingbull.quote.com/mboard/boards.cgi?board=ICOA&read=39651
Erwin Vahlsing, Jr. has served as our Chief Financial Officer, Secretary, Treasurer, and Director since September 2009. Mr. Vahlsing is a financial executive with domestic and international experience managing finance departments in the manufacturing, service, and construction industries. Mr. Vahlsing has acted as Chief Financial Officer to ICOA, Inc. since 2001. He acted as a Consultant to E&M Advertising [...] moreAlthough I have been advocating the ragingbull.com penny stock promotion 'message board' be closed down as well as Yahoo!'s stock promotion message boards years many years and although some parts of them indeed are closed down so that people can't use them to investigate older stock frauds because the owners of those boards have always used them to help the very fraudsters who run the scams the 'message boards were set up to promote,they are still a very good source of info on the frauds them sometimes coincidentally.Here is a relatively recent post on the ragingbull.com message board that points out the execs themselves are and have been involved in stock fraud share- money laundering ops for years.If the poster knows this and I know this now,why hasn't the U.S.SEC of Mary Schapiro and the new Jewish female who has replaced her as chair of SEC known tgis as well with their many decades of 'securities' experience ? In truth if we had a real president instead of a prostitute of Israel and the Lords of London as Barack Obama is,then the SEC attorneys would have been forced to resign in mass and neither Mary Schapiro nor her fellow Bernie Madoff and Douglas Shulman connected replacement, ,would ever be or have been appointed to head the SEC.IF AFTER TAKING LINK TO FRAUDULENT RAGINGBULL.COM PENNY STOCK PROMOTION BOARD MESSAGE QUOTED BELOW YOU CAN SCAN THE MESSAGE BOARD AND FIND MORE INCRIMINATING INFO ON ICOA EXECS AND OTHERS
THAT THE U.S.SEC HAS KNOWN FOR YEARS BUT DOES NOTHING ABOUT.:
http://ragingbull.quote.com/mboard/boards.cgi?board=ICOA&read=39651
By: legohead1  01 Jul 2012, 03:21 PM CDT Rating:  | Msg. 39648 of 39658 |
| noticed some strange things going at 111 Airport Rd. so look up Erwin Vahlsing and you'll see he's the CEO of Clean Energy and Power, CFO of Sungro Minerals and still CFO, VP Finance at ICOA. And surprise surprise all three of these companies are located at 111 Airport Rd in Warwick. Sungro Minerals is even an OTC stock (with no value of course). i'd kind of understand if he was doing little bits here or there for little upstarts. but why are they in the same building as ICOA? 111 airport rd: shady business central. (i.e. nobody will hire or pay me enough, so i'm going to get some unassuming investors to pay me) it also seems they got a new CEO - Shawn Rhoads. now seriously, why would this dude even get involved with ICOA? Even stranger is that Shawn Rhoads has owned the web domain ICOA.com for a long time. Yes, ICOA not icoacorp. Now the domain belongs to ICOA with Shawn Rhoads as the contact. What, they name him CEO in return for a domain name? And they're not even using ICOA.com yet. All I know is these guys are really messed up. .................................... Note also that Erwin Vahlsing is of course given pr in Steve Forbes Forbes.con website as a credible Exec of another penny stock fraud as mentioned above called Sungrow Minerals.This should be no surprise as Steve Forbes is very much connected to the CIA and UK CITY OF LONDON ZIONISTS AND MONEY LAUNDERERS OF Agora inc.,Baltimore THAT INCLUDE FOUNDER JAMES DALE DAVIDSON,UK LORD WILLIAM REES-MOGG,BILL BONNER AND MURDER SUSPECT PORTER STANSBERRY,(IN 14 FLOOR FALL OF REY RIVERA FROM BALTIMORE'S BELVEDRER HOTEL IN 2006,ETC.).STANSBERRY WAS THE TRITOROUS SLEEZEBAG PROTECTED BY US SEC WHO AFTER BEING INVOLVED IN MASSIVE HIDDEN COLLUSION AND PROFITS FROM INSIDER DUMPING OF FANNIE MAE,FREDDIE MAC AND FINANCIAL SHARES INCLUDING THOSE OF GOLDMAN SACHS,CRETED THE endofamerica2011.com gold fraud to lure more suckers to put theirv money in his and Agora's and CIA and ZIONIST HANDS.The disinfo 'conspiracy theorist' Alex Jones is part of them as well and did the voice over for the end of america 2011 internet and television promotion.The fact that they could afford fraudulent promotional ads on Fox,CNN,CNBC,ETC.,ETC. indicates how profitable their Baltimore and world wide internet financial frauds are and the fract that they are even allowed to by time on major U.S.television 'news' stations shows just how corrupt the U.S.government with its Zionist,Israeli and Rothschild ties has become.Barack Obama is little more than a black movie president and CIA PROSTITUTE.I GUESS ALL THOSE MOVIES FOR YEARS PORTAYING THE U.S..PRESIDENT AS AN AFRICAN AMERICAN WAS THE CIA'S AND CITY OF LONDON'S AND ISRAEL'S AND UK ROTHSCHILD CRIME FAMILY'S PLAN FOR PSYCHOLOGICALLY PAVING THE WAY FOR A BLACK ACTOR UNDER CONTROL OF CIA'S AND INTERNATIONAL ELITES' CONTROL PLAYING THE ROLE OF A 'REAL' U.S. PRESIDENT IN THE WHITE HOUSE.Think about it. Erwin Vahlsing, Jr. - CFO/Director/Secretary/Treasurer, Sungro Minerals, Inc.
|
Sungro Minerals, Inc.
Compensation for 2010
| Restricted stock awards | $196,500 |
| All other compensation | $86,250 |
| Total Compensation | $282,750 |
Financial data provided by
by Jeremy C. Owens and Brandon Bailey
Posted: 11/26/2012 12:40:56 PM PST
MOUNTAIN VIEW -- The announcement hit the news wires early Monday morning: A brief news release claimed that Google (GOOG) had agreed to buy a little-known Wi-Fi company named ICOA for $400 million -- quite a premium for a company whose stock was trading for one-hundredth of a penny last week.
Tech blogs and even The Associated Press jumped on the story, announcing the deal as a sign that Internet giant Google is expanding into the business of running public wireless hotspots. Shares in the smaller company were soon trading at four times their previous value.
But
(FILES)This January 11, 2011 screen file image shows the Google logo in Washington, DC. Google released its quarterly earnings October 18, 2012 reporting that profit declined twenty percent as total cost rose and advertising prices continued to fall. The results missed expectations and the company released its results several hours earlier than expected. (Karen Bleier/Getty Images)
A spokesman at the Securities and Exchange Commission declined to comment Monday. But the episode had many hallmarks of a "pump and dump" scheme, in which someone may have sought to drive up the price of a little-known stock in order to make a quick profit.
"This was a hoax," George Strouthopoulos, CEO of Rhode Island-based ICOA, said in an email to this newspaper. "Someone, I guess a stock promoter with a dubious interest, is disseminating wrong, false and misleading info in the PR
circles."
Strouthopoulos added that it appeared the false news release may have originated from the Caribbean island of Aruba. He said an editor at PRWeb, the public relations service that distributed the release, told him the release wassubmitted by someone with a phone number in the island's 297 area code and a generic email address ending in "gmail.com."
A spokesman at the PRWeb service couldn't be reached Monday. But the service, which is operated by Vocus, a public relations firm based in Maryland, said in a statement Monday afternoon that it had determined the release was "fraudulent."
"Vocus reviews all news releases and follows an internal process designed to maintain the integrity of the releases we send out every day," the agency said. It added that "identity theft" can occur "even with reasonable safeguards."
Google declined to comment on the release.
Posted: 11/26/2012 12:40:56 PM PST
Viewed in hindsight, the two-paragraph statement bore indications of questionable authenticity: It contained at least two punctuation errors and some awkward language, while lacking any quoted statement from executives at either company. And while Google usually announces significant acquisitions on its corporate blog, there was no mention of the deal on either company's official website.
A reporter who dialed the Aruba phone number provided by Strouthopoulos reached a recording that said the number wasn't working. An email sent to the Gmail address bounced back with a message saying the account doesn't exist.
Gmail is Google's free email service, which anyone can use, but the company doesn't use the gmail.com domain for official communications.
While reporters who attempted to confirm the announcement quickly learned it wasn't true, a few news outlets that published it without confirmation found themselves issuing sheepish corrections later.
Shares in ICOA are traded on an exchange known as the OTC Bulletin Board, or Pink Sheets. Soon after the announcement was released, the stock rose briefly from $0.0001 to $0.0004, but it dropped back to $0.0001 after the deal was denied.
Contact Jeremy C. Owens at jowens@mercurynews.com or Brandon Bailey at bbailey@mercurynews.com
http://allthingsd.com/20121126/so-where-did-that-fake-google-acquisition-press-release-come-from/
So Where Did That Fake Google Acquisition Press Release Come From? Aruba?
by Arik Hesseldahl
So now we know that the press release concerning Google acquiring public Wi-FI firm ICOA Wireless was fake.
But what do we know about who sent the press release, and why?
The release was posted on PRWeb, a
free low-cost service operated by the PR software firm Vocus, which, it just so happens, is publicly held on the Nasdaq. I have a call in to PRWeb seeking some answers, but so far haven’t heard back from anyone.
However, I just got this statement from ICOA CEO George Strouthopoulos: “We are investigating the source, so far it originated from Aruba!”
He also says that PRWeb staffers had promised to delete the release and retract the statements made in it. As of 1:45 pm ET, the press release has been removed.
Meanwhile, the situation bears all the markings of an attempt to “pump and dump” the shares of a thinly traded over-the-counter stock. Whoever sent the press release likely counted on it being propagated by journalists who wouldn’t bother to confirm whether it was true or not, so that traders would bid the price up. The shares trade at a price so low that they amount to fractions of a penny per share. Whatever the price, the shares tripled or quadrupled in value as the false news made its way around the Web.
Most who unquestioningly republished the release didn’t notice that it was missing some key elements. There were no quotations from senior executives at both companies, for one thing. These quotes are usually throwaway statements that reporters almost never use, but they are practically always present in a legitimate press release, especially one concerning an acquisition. There is also usually contact information for PR representatives for the companies involved.
There was no financial information saying exactly how shareholders of ICOA would be compensated. Also, ICOA’s market capitalization, according to Yahoo Finance, is less than $850,000, with an enterprise value of $3.15 million. If that press release were true, Google would have been paying a premium amounting to more than 470 times its most recent price, and 126 times its enterprise value.
There have been times when fake press releases intended to manipulate stock prices have led to jail time for the people who sent them. In 2000, a student at a California community college, who worked at Internet Wire, was convicted of wire fraud for sending a fake press release about the company Emulex, whose shares he had shorted.
The fake press release, sent from a computer at El Camino Community College in Torrance, Calif., said that the SEC was investigating Emulex, that its CEO had resigned and that the company would restate its earnings. In the course of 16 minutes, its share price went from $103.94 to $43.00, as 2.3 million shares changed hands. Emulex’s market capitalization fell by more than $2 billion.
The perpetrator, Mark S. Jakob, was sentenced to 44 months in prison in 2001. He had made $250,000 on his trades. As part of his sentence, he was also forced to disgorge his profits plus interest, which amounted to a total of $353,000, and to pay a civil penalty of $102,642.
A key fact in the Emulex case was that news organizations had republished the news release. Getting the word out to interested parties is a key moving part in the machinery of a stock-manipulation scheme. Traditionally, journalists don’t bear any responsibility for the losses or gains incurred by the mistakes they make, or the false news they repeat. But it’s not exactly stretching the argument to say that when they’re less than careful, in cases like this, they can become unwilling accomplices to a serious financial crime.
Google's name used in bogus report of $400 million acquisition
So Where Did That Fake Google Acquisition Press Release Come From? Aruba?
Charles Schwab,SEC,John Reed Stark,Georgetown University ...
www.indybay.org/newsitems/2006/03/26/18110631.php26 Mar 2006 – John Reed Stark UAE,SEC,Georgetown University Stock fraud ... to mask or divert attention from illegal pump and dump or manipulation of ...UK Indymedia - Max Keiser ,Al Jazeera,Qatar promote Naked U.S. ...
www.indymedia.org.uk/en/2007/06/373856.html17 Jun 2007 – ... 9/11 or the Overstock.com pump and dump of Patrick Byrne and his Geico ..... John Reed Stark UAE,SEC,Georgetown University Stock fraud ...You visited this page.John Reed Stark | LinkedIn
www.linkedin.com/pub/john-reed-stark/6/686/380Washington D.C. Metro Area - Stroz Friedberg, Managing Director in Charge of DC OfficeView John Reed Stark's professional profile on LinkedIn. ... Adjunct Professor of Law atGeorgetown University Law Center; Chief, SEC Office of Internet ...Agora Inc.,Money Launderer, Murder Suspect Porter Stansberry and ...
www.raisethefist.com/news.cgi?artical=wire/...Jones...Inc.'s illegal pumps and dumps were covered up and in fact removed from SEC ......John Reed Stark UAE,SEC,Georgetown University Stock fraud Academic ...The skinny on penny stocks
www.bankrate.com/finance/.../the-skinny-on-penny-stocks-1.aspxOne recent "pump and dump" involved VMT Scientific, a Nevada-based shell ... con artists who will try to put up a pump-and-dump scheme," Stark says.California Attorney Francis Pizzulli,Robert F Kennedy Assassination
portland.indymedia.org/en/2008/03/373930.shtml25 Mar 2008 – Davidson's most recent illegal 'pump and dump' scam involves ... of and encouragement of Georgetown University and its U.S.Securities ... Finantra) connected professors John Polise,John Reed Stark and James Angel.You visited this page.U.S.SEC Cyber Czar John Reed Stark,Steve Honig, Joshua A ...
cleveland.indymedia.org/news/2008/11/33179.php25 Nov 2008 – s 'press release' is being called a 'pump and dump' press release .....And when will John Reed Stark check out his lil buddie at Georgetown ...To John Reed Stark,SEC:Does James Angel&Georgetown ...
portland.indymedia.org/en/2005/10/326456.shtml9 Oct 2005 – To John Reed Stark,SEC:Does James Angel&Georgetown University.... Is this any proof of an illegal pump and dump from a Schwab account ?austin indymedia: Houston Attorneys John O'Quinn,James Wes ...
216.139.253.38/newswire/display/36152/index.php9 Aug 2007 – ... to dump in 2000,(that attorney Houston attorneys John O'Quinn and ...Where's the Georgetown University professor and Securities Exchange Commission ...I wonder if he (John Reed Stark)has to hide the wretched truth of his .... They only want to release press releases, pump the stock, and live fat and ...John Reed Stark UAE,SEC,Georgetown U. Stock ,Academic,Cyber fraud ...
www.offshorealert.com/forums.aspx?g=posts&t=3840626 Mar 2006 – John Reed Stark UAE,SEC,Georgetown U. Stock ,Academic,Cyber fraud ... are now responsible for allowing illegal pump and dump scams and ...Samaritan Pharmaceuticals,a Georgetown University,James Angel ...
www.indybay.org/newsitems/2007/08/08/18439592.php8 Aug 2007 – I wonder if he (John Reed Stark)has to hide the wretched truth of his penny ..... §Samaritan Pharm pump and dump WAS NOT 'naked shorted' ... indymedia beirut | Joseph Grundfest,Stanford Law,defends SEC's ...
beirut.indymedia.org/ar/2006/03/3929.shtml31 Mar 2006 – It is really a scam to divert attention from illegal pump and dump scams... Charles Schwab,SEC,John Reed Stark,Georgetown University Stock ...UK's Robert Wishart ,SEC's - Georgetown University's John Polise ...
portland.indymedia.org/en/2008/04/374914.shtml23 Apr 2008 – John Polise,John Reed Stark and James Angel are to investors .... Air Water Corp U.S. penny stock pump and dump operated out of Miami and ...US Republicans,Stanford University,Stem Cells, Nicotine, Medical
beirut.indymedia.org/en/2006/09/5616.shtmlHowever,Endovasc,the Stanford University pump and dump fraud,used ..... John Reed Stark UAE,SEC,Georgetown University Stock fraud Academic fraud Cyber ...SEC'S Christopher 'WMDS' Cox:Georgetown University's James ...
baltimore.indymedia.org/newswire/display/15112/index.php31 May 2007 – It (his phoney software)apparently can't detect the pump and dump ops of his ..... John Reed Stark UAE,SEC,Georgetown University Stock fraud ...James J. Angel,Georgetown University,lap dancers and cyber fraud ...
cleveland.indymedia.org/news/2005/11/17813.php12 Nov 2005 – Global Links was glad to print and dump as many shares as demand ...to their fraudulent penny stock pump and dump criminals-clients,such as .... OF THE SEC'S INTERNET ENFORCEMENT,JOHN REED STARK,WILL ...Arizona Sheriff Joe Arpaio protects armed racists,money launderers ...
austin.indymedia.org/.../arizona-sheriff-joe-arpaio-protects-armed-16 Jul 2011 – covered up pump and dump frauds with their worthless shares using.Georgetown University for 'credibility' !? John Polise,John Reed Stark ...... SEC'S Christopher'WMDS'Cox:Georgetown University James Angel
portland.indymedia.org/en/2007/05/360325.shtml31 May 2007 – It (his phoney software)apparently can't detect the pump and dump ops of his ..... John Reed Stark UAE,SEC,Georgetown University Stock fraud ...U.S.SEC Christopher Cox:Samaritan Pharmaceuticals,Georgetown ...
www.indymedia.org.uk/en/2007/08/377882.html?style=screen8 Sep 2007 – I wonder if he (John Reed Stark)has to hide the wretched truth of his ...and Endovasc 'biotech' pump and dump frauds along with Brent Pierce's ...NY Mayor Bloomberg,CIA,SEC's Chris Cox,Georgetown University J ...
www.indymedia.org.uk/en/2007/06/372112.html27 May 2007 – 'WMDS' Cox and his internet cyber zsar John Reed Stark who also ...penny stock ops to pump and dump and defraud investors through.............................More messages and link from front page of ragingbull.com ICOA 'message- board':
- ICOA Inc (OT:ICOA)
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