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The SEC has temporarily halted trading of Neuromama Ltd.

bloomberg.com

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

#71

Post by tetrep »

Animats wrote: post #3

Trading was just halted in Neuromama (OTC:NERO), a startup with a $35 billion market cap. They have a search engine ( https://neuromama.com/ ), a social network ( http://vica.life/ ), and claim "heavy ion fusion" and oceanfront property in Mexico. The CEO got out of prison 6 years ago. WTF?

Wow. That social network feels like a kinda creepy way to remember someone. Seems a little too attached. Additionally, it has a store (because why not?) and I figured I would check it out because at this point I'm mildly impressed by the effort they've put forth. The store is just Amazon affiliate links.

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

#72

Post by conistonwater »

infinite8s wrote: post #66
kevinpet wrote: post #57

Earlier quoted context omitted.

Eve finds NeuroMama, a worthless stack of nothing but shady documents, and importantly, without a significant number of shares available to borrow. She knows how to manipulate markets and doesn't care much for legality. Eve buys a significant position in NeuroMama over a period of time. She can do this cheaply, but slightly drives up the price. Alice sees that the stock price has increased and this puts it on her rad…

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.

> Although some short squeezes may occur naturally in the market, a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal.

https://www.sec.gov/investor/pubs/regsho.htm

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

#73

Post by duskwuff »

girvo wrote: post #65
revelation wrote: post #28

Earlier quoted context omitted.

What the hell is that story in the footer.

Holy hell... what is going on! I believe it's pulled from here? http://www.eurasialasvegas.com/our-mission.html Or re-used...

Same company behind them. Both domains are registered to the same email address.

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

#74

Post by duskwuff »

pplante wrote: post #48
hashmymustache wrote: post #40

Earlier quoted context omitted.

Here: http://investor.neuromama.com/uploads/2/4/6/9/24695823/impor... It's a 68 page, haphazardly stitched mess of documents. Can't say they're not confident in their product: From page 37: "NeuroBrowser of NeuroMama.com is the best, easiest to use, and blocks all kind of viruses and pop-outs on your screen...In 2 years the NeuroMama stock will be the most popular and will make NeuroMama shareholders and employees ve…

The best description I can find of this "company" lies on page 37: " https://neuromama.com/ - Search Engine based on Artificial Technology....."

"Artificial technology" is an apt way of describing it, too. It's a Google scraper. :)

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

#76

Post by kirubakaran »

theyoungestgun wrote: post #49
thegranderson wrote: post #32

Earlier quoted context omitted.

Very helpful explanation from a thread about this on reddit (narrated from the first person perspective of the scammer): It's pretty beautiful in an illegal sort of way: So the clever short sellers borrow and sell 100,000 shares of stock at $2 each, hoping to profit when it crashes to zero. By hypothesis, there are no buyers. But we buy. We buy those 100,000 shares for $2 each, laying out $200,000. Now we own 300.1 m…

Famous example with Porsche: http://www.nytimes.com/2008/10/30/business/worldbusiness/30i...

As I mentioned elsewhere, it 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...

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

#78

Post by asdfaoeu »

Shanea93 wrote: post #30
semi-extrinsic wrote: post #12

Earlier quoted context omitted.

https://neuromama.com/get/web/WTF I am entirely unsure how this search engine works.

I got an error while searching which contains a Laravel stack trace, in case anyone is curious what a small snapshot of their stack looks like: https://gist.githubusercontent.com/anonymous/efa644da4f2713b...

I got a similar one http://pastebin.com/YdDbkVDZ but no HTML kinda looks like they are just fetching from a fixed list.

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

#80

Post by cloudjacker »

pplante wrote: post #48
hashmymustache wrote: post #40

Earlier quoted context omitted.

Here: http://investor.neuromama.com/uploads/2/4/6/9/24695823/impor... It's a 68 page, haphazardly stitched mess of documents. Can't say they're not confident in their product: From page 37: "NeuroBrowser of NeuroMama.com is the best, easiest to use, and blocks all kind of viruses and pop-outs on your screen...In 2 years the NeuroMama stock will be the most popular and will make NeuroMama shareholders and employees ve…

The best description I can find of this "company" lies on page 37: " https://neuromama.com/ - Search Engine based on Artificial Technology....."

lmao, well the SEC is going to have to drop the investigation given that spot on disclaimer
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