Comment on “Pump and Dumps” Good day Everyone,
Another matter I would like to address is regarding comments, again typically from short sellers, about Cielo being a pump and dump. Pump and stock stock scams are essentially a form of market manipulation. In order for a pump and dump scheme to be successful, the controlling group or guiding minds must own or exert controlling influence over at least 90 plus percent of issued and outstanding shares. The "pump" typically involves significant promotion and manipulative or uptick share sales between manipulating parties. These scams are often perpetrated in marketplaces such as the OTC Pink Sheets, Frankfurt Exchange and to be fair, the CSE. However, these scams typically don't involve activities that include the building of plants with significant infrastructure (like Cielo). It is also apparent that Don DOES NOT own or exert control over 90 plus percent of outstanding shares, particularly based on institutional ownership. The trading in CMC stock also takes place through many brokerage firms and as such, would have to involve the most elaborate scheme of collaborators with multiple brokerage accounts in order to make it happen.
Again, another example of people with a fear mongering agenda trying to convince people to sell their shares. Follow facts, do your homework and don't be influenced by unsubstantiated and slanderous noise.
Long and strong
Carter