Kontextmaschine

27th January 2021

Post reblogged from argumate with 27 notes

petrifour-deactivated20210402:
argumate:
hmm I wonder if you can anonymously send cash by buying a penny stock off someone for an inflated price
I thought market transactions were public? And surely cheap stocks selling for uncharacteristically large prices would draw some attention.
I think you could spread it across multiple stocks like ultrawideband transmission, and the prices wouldn’t need to be outrageously high, just one side buys higher and sells lower and the other side buys lower and sells higher and you have a flow of cash from one to the other that’s indirect and plausibly deniable.

like when I say I knew about the internal dealings of the company that made Cold-Eeze (okay “The Quigley Corporation”) in the 90s they were an OTC “over-the-counter”, so not listed on public exchanges but buyable if you knew what you were doing small-cap “penny stock”

and even BEFORE the “day trading” boom of the later 90s it was a huge problem that forum board yahoos could drag the stock price to and fro for idiosyncratic mostly masking profitable-scheme-to-them reasons

which is part of how the aftermath of the M&A, S&L things of the 80s, equity did not take over from debt as a way to day-to-day operate smaller enterprises, just to foom them