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Bogus twitter accounts talk to each other telling lies for the Lenigas ramps

By Tom Winnifrith, The Sheriff of AIM | Saturday 23 April 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Gracie May Turner sent out her first tweet today Her best pal who she chats to Miriam Sharples also sent her first tweet today. Both have tweeted just five times. Both tweet on David Lenigas themes only and love shares in his companies. And both commit market abuse. I put it to you that both are bogus accounts. In response to the damning Horse Hill bombshell earlier, Gracie May tweets:

Gracie May Turner ‏@GracieTurne1 2h2 hours ago
@SharplesMiriam if mpet in trouble UKOG could buy & have even bigger stake in HH thanks for pointing that out great tip Tom will buy monday

I think it is abundantly clear that I shall not be buying Monday as this tweet might imply or, depending where the missing commas are, it might imply Gracie is buying. But Gracie only arrived on twitter with Miriam this morning and is not a real person - check out the bots who follow her.

In the US folks would be getting a knock on the door for this sort of thing. I am not suggesting that David Lenigas organised these accounts, he is perfect;ly capable of ramping on his own twitter account.

But whoever did set them up is , in creating a false impression of buying, guilty of market abuse. 

Such desperation, a willingness to resort to criminal behaviour, by those holding this Turkish stock is yet another signal of how much of a stonking sell are shares in UK Oil & Gas (UKOG). 


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Comments

2 comments

  1. Goes on all the time on LSE . I should know as I got banned there twice ( before getting a life ban eventually ) just because they thought I was a paid promoter ( pro ramper ) . Actually I was just an enthusiastic poster . At the time it was a common rumor that as much as a third of posts each day were by paid for promoters at work, working for shorters and longsters . The turnover of posters was very high and multiple accounts common .
    There was even a “herd” that used to arrive for a ramp and then just vanish completely as the dump started . They all seemed to know each other quite well judging by the banter between them . They had it down to a finely honed machine . You could follow them around and make a few quid but it was risky because they never announced departure . Suddenly the sells would start pouring in and they were gone . Until the next time .

  2. Much the same happened at ADVFN, especially in the TOP Traders Thread !!!! run by a poster called Tops who lead the pump’n dump brigade. He/she has moved the same antics over to Twitter now where it’s seems easier to suck in novice investors to pile into a ‘ramped’ stock giving it momentum in which to sell into quite quickly.


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