Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

The SEC has temporarily halted trading of Neuromama Ltd.

bloomberg.com

Post reply on HN
Print view View original

121–130 of 143 posts

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#121

Post by ultrasandwich »

With the apparent gold mine of batshit footage[0][1][2][∞], horrifying failed PR stunts[4], pdfs[5], and fake products, I really, really, hope someone with the right skills picks up the documentary ball here...

[0] - https://www.youtube.com/watch?v=ok-8uVR4Pa0

[1] - https://www.youtube.com/watch?v=tZhI5zRJ8zw

[2] - https://www.youtube.com/watch?v=hreCQlJB7bE

[3] - https://www.youtube.com/watch?v=23C_fKGuSls

[4] - https://www.youtube.com/watch?v=A1rbxisJGJ4

[5] - https://encrypted.google.com/search?hl=en&biw=&bih=&q=site%3...

[∞] - https://www.youtube.com/channel/UCbSwch2hCQcgy-ecz1Z_guQ

edit: spacing

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#122

Post by rdtsc »

syassami wrote: post #9

For comedic gold visit http://investor.neuromama.com/

I think the crazy and cringe factor is deliberate. Remember the goal is to find short sellers who think this is stuff is overvalued, total failure, crazy etc and then proceed to short sell it.

Not saying owners are not crazy, but in this case crazy happens to also help them.

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#123

Post by PhantomGremlin »

lifeisstillgood wrote: post #93

(Sorry bout this folks - just trying to wrap my head around it) What we seem to know and the unanswered questions: - this seems to be an atrociously bad startup (their "search engine" proxies Google but can be easily tripped) - it seems to have been a genuine IPO (2000???) that then failed (see search engine) and yet the outstanding shares trade OTC (between large institutions privately - a very common method) - the…

But no sane hedge fund will short the stock without also buying a call option

Bill Ackman reads this and says "Oh, shit ... you can do that? Why didn't someone tell me that before I lost about $1 billion shorting that POS Herbalife pyramid scheme?"

In other words, sometimes "insane" hedge funds are run by BSDs[1] who are convinced they are the smartest guys in the room. They're so convinced that a stock is worthless that they don't bother doing something prudent like buying protective calls.

And then guys like Carl Icahn buy HLF stock just for the lulz, knowing that they are giving Ackman a very painful galactic wedgie.

Wall Street is definitely Adult Swim. And occasionally joker hedge funds need to be reminded of that.

[1] not Berkeley, but Liar's Poker

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#124

Post by heroprotagonist »

MichaelGG wrote: post #116
brownbat wrote: post #109

Earlier quoted context omitted.

If you follow that link all the way back to the original source, you're back at Bloomberg, and the writing of Matt Levine.[0] It provides additional context, some entertaining footnotes, and is generally just very much worth the trip. [0] https://www.bloomberg.com/view/articles/2014-07-11/cynk-make...

That's so damn cool. So does the SEC regularly just raid places or wiretap them or ...? Seems like more sophisticated financial scams can just go undetected or impossible to prosecute if you split it up enough.

From that article, it sounds like the SEC wait until they hit television news..

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#125

Post by jondubois »

Wow - They don't even bother actually building a realistic-looking product. Their NeuroMama search engine doesn't seem to work at all and it has pictures of (Russian-looking) priests and clowns in the background.

I think this is pretty much like gambling though... Not so different from how most people deal with the NYSE or NASDAQ (most people know nothing and make decisions based entirely on hype/media). People gamble on horses and lottery, and they also gamble on stocks... I think if someone can pull this off, they deserve the money as much as any legitimate company on the NASDAQ or NYSE.

A lot of these NASDAQ/NYSE companies have overinflated valuations (far beyond their real intrinsic value); it's the same thing except in this case, the intrinsic value is 0.

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#126

Post by ryporter »

I trade this market professionally, and it is quite easy to massively elevate your stock price if you control most of the floating shares. These sorts of price run-ups happen very regularly, but, to their credit, the SEC normally stops them before they get this far. They are typically able to halt trading by the time it's worth a billion dollars, two tops. :/

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#127

Post by executive »

NeuroMama, LTD. is a development stage company which designs and implements the Internet Platform containing all of the popular components used by majority of population. NeuroPlatform offers its users more search relevancy, privacy and FSR - Frequent Search Rewards. NeuroPlatform consists of NeuroMama.com search engine, based on Neural Technology (Artificial Intelligence), secure e-mail service - Neuro-Mail, NeuroBrowser with a special version for children, NeuroMania social network with multitude of features such as Video management system, marketplace and auction, TviMama.com Video On-Demand and Live Broadcasting Infrastructure, functioning as the next generation Internet Content Distribution Platform (CDP). The NeuroZone online shopping mall is in implementation stage that will offer its users and vendors unique online shopping experiences, provide its e-commerce merchants with ability for instant integration to NeuroZone platform, and reward users for shopping at NeuroZone merchants. The flagship store for NeuroZone will be NeuroMania Department Store with large variety of products sold under the NeuroBrand such as NeuroPad, NeuroPhone, NeuroBook, etc. The company is currently in the process of establishing its presence in China to sell advertising and to establish Joint Ventures with manufacturers in China in order to deliver large profit margins in NeuroMania online store and brick and mortar store locations as part of its licensing program. NeuroMama, Ltd. is in the process of researching, designing and implementing its licensing program to accelerate growth of revenues worldwide. NeuroMama, Ltd. is currently implementing revenue generating infrastructure to sell advertising on its Internet Platform.

http://seekingalpha.com/symbol/NERO

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#128

Post by jschulenklopper »

kirubakaran wrote: post #69
infinite8s wrote: post #66

Earlier quoted context omitted.

Why would Eve worry about being caught? Everything you've outlined is perfectly legal, and in fact was executed brilliantly by Porsche ( http://www.reuters.com/article/us-volkswagen-idUSTRE49R3I920... ) in 2008.

executed brilliantly by Porsche Didn't really work out for them in the end. They executed the short squeeze to acquire VW but they're owned by VW now. http://www.automobilemag.com/news/porsche-and-volkswagen-wha...

There are two Porsche companies. Porsche AG (the car company) is controlled/owned by Volkswagen AG, but there's also Porsche SE (holding company). The latter controls a 50.7% majority of voting rights of Volkswagen AG, for 31% of share ownership. The families of Porsche-Piech own 50% of Porsche SE, but 100% of the voting rights.

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#129

Post by singularity2001 »

TL;DR (DontRead)

Some con artist gets expelled from US after spending 6 years in prison for investment fraud. Tries new pump and dump gig from Mexico called NeuroMama, deliberately hilariously crazy stupid.

Issues some 650M shares, sells 200 for 50$, probably to himself, gets stopped by SEC. Holds the remaining 650M-200 shares, that's where the trillion dollar figure comes from.

Time to stop calling virtual shares 'market cap' or even 'worth'!

That's pretty old and boring, the 'new' attempted twist is called short squeeze, see and thank @thegranderson for explanation.

Shun the Neuromama meme.

This gives a whole new dimension to the word 'pump and dump con artist': https://www.youtube.com/watch?v=A1rbxisJGJ4

Post reply on HN