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9/2/10

Casey Research frontruns its own sheep again


Here we go with another episode of the Casey scammers doing their thing. We bullet point.
1) Bayfield Ventures (BYV.v) is the name this time and three months ago Casey got his flock involved in a private placement on the thing (a full share and a warrant). Amazingly enough, the placement came out of lock-up on September 1st (see below).

2) Last Wednesday August 25th after BYV.v released news, Casey Research alerted its premium high paying clients about the stock and even went as far as to "suggest" that it would pump the stock to its proletariat subscribers in the September issue of its box standard monthly "International Spectator". At that time BYV.v traded at 54c.

3) And lo and behold! After opening at 57c today BYV.v suddenly got da pump from Casey Research and the stock jumped to close at 66c on nearly 10X average volume today. And let's recall, today is also the day that those placement shares pumped by Casey became free-trading.

Is this legal? I really don't know, but as I do know the BCSC is a regular reader round here I'm sure we'll find out sooner or later. But legal or not, it's a demonstration of the morals of an utter scoundrel. And of course, it's not the first time the Casey bullshitters have pulled this kind of scheme. Hey David Galland, feel like filing suit on me yet? I'd love it....make my day.

DYODD, dude