Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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From: peter michaelson	4/26/2012 10:46:16 AM
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Can anyone tell me what happened in the end with Monk's Den at iHub? Were there legal consequences or were they simply kicked out of iHub? Or something else..... seattletimes.nwsource.com Penny stock falls despite campaign Cascadia Investments, a Tacoma-based penny-stock company, has been championed for a year by a website that claims it can organize traders to "lock up" all available shares in a company and cause its price to go through the roof. Egged on by Monk's Den and its financial guru, Jerry Williams, they've banked on the theory that their group can buy up all the freely trading shares of CDIV. Then, the story goes, short-sellers who've bet against the stock will have to pay dearly to obtain the shares needed to cover their obligations. "It really doesn't matter what the company does," a Monk's Den leader under the screen name Lone Grey wrote last fall on the InvestorsHub website, which has accumulated an astonishing 158,000 posts cheerleading for CDIV. "While I feel Cascadia is fundamentally sound and will grow nicely, take a peek at what we did with two worthless companies." He went on to describe scenarios where "a group of disciplined investors" bought up all the freely trading shares of companies and supposedly drove up the price short-sellers had to pay.

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