Comments on: Beyond weird: a fake filing in penny stock land…

By: John

John — Mon, 16 Mar 2009 15:25:26 +0000

As Andy says, the CCC (plus the publicly-available CIK) are needed to make an EDGAR filing. Companies are not always as careful as they should be with their CCC, and it looks like this one has lost control of its.

It is, of course, possible to change your CCC, and there is a separate code needed for that. You have to wonder who has control over this company’s codes now.

By: alan

alan — Fri, 13 Mar 2009 23:12:45 +0000

It is in fact the same FirstPlus and more proof that our regulatory agencies are a joke.
Worse than a joke!
The criminals with the help of Washington DC have been cleaning out our bank accounts forever but the big scandals seem to occur with more frequency and with ever increasing numbers,further proof that there is no limit to the amounts that they are willing to steal.
Investing in FirstPlus or going on a date with Charlie Manson. I would choose the later.

By: KJ Rodgers

KJ Rodgers — Fri, 13 Mar 2009 19:24:42 +0000

This is truly a very weird occurrence. What would happen to the people who suffered a loss because of a fake 8k being released. This is scary if it can happen once or twice, but will be terrifying if the trend continues.

By: Wayne

Wayne — Fri, 13 Mar 2009 18:12:46 +0000

Each filing comes with an “Accession Number” (and it’s carried in the filing’s URL), the first ten digits of which represent the party making the filing. Somebody may have spoofed the filer of course, but anyone can perform that 10-digit lookup [for CIK 0001376474] at:
http://www.edgarcompany.sec.gov/servlet/CompanyDBSearch?page=main

By: Erich Riesenberg

Erich Riesenberg — Fri, 13 Mar 2009 16:16:15 +0000

Still no SEC filing or PR on the bankruptcy, though there was notice of a ticker change. Hopefully not some more hijinx!

Here is a bizarre story about FirstPlus.

http://www.philly.com/inquirer/local/nj/20080917_Mob_associate_Daidone_ordered_back_to_prison.html

By: Erich Riesenberg

Erich Riesenberg — Fri, 13 Mar 2009 15:56:28 +0000

It is the same First Plus, as far as I know. When I originally read the filing I interpreted as a dispute over control of the company.

Recall the fake tender offers by a fake company for a group of large public companies years ago? That one did not move the market.

By: Michelle Leder

Michelle Leder — Fri, 13 Mar 2009 14:26:38 +0000

@ Davis: Thanks for the credit, but I actually didn’t find this one on my own, so I can’t take the credit here. It’s impossible to get to every filing, which is why I depend on readers for their tips.

By: Davis Freeberg

Davis Freeberg — Thu, 12 Mar 2009 21:11:02 +0000

What a gem, I love all of the crazy things that you manage to dig up. Only time I’ve ever heard of anything like this was in 2000 when some kid shorted emulex and then issued a fake press release that shaved 2.5 billion off it’s market cap. He probably wouldn’t have had much luck if they were an East coast company, but because they worked left coast hours, their stock had an opportunity to tank before anyone had time to refute the hoax.

By: alan

alan — Thu, 12 Mar 2009 20:11:43 +0000

If it is the same FirstPlus(Symbol FP) as the one that went bankrupt years ago,NOTHING is hard to believe.
I lost a boatload of money in that company.Got a class-action settlement.The president or another higher up executive ended up being a woman dressed as a man.
An absolute freak show of a company!
NOTHING would surprise me!
If they are Texas based,it is the same.
Avoid at all costs.
I would invest in Crazy Eddie before I would even look at FirstPlus!

By: Frank Graham

Frank Graham — Thu, 12 Mar 2009 15:21:21 +0000

New one on me. Most bad Penny behavior is Pump & Dump
mailings or CEO floats massive fake shares.
FPFX just did 8:45 am ET BK.
Worth keeping eye on the names of owners as these guys so odten will soon resurface.
There are boards that try and hip people to scams & such
bad actions like serial reverse splits or things like BK. Course Donald Trump makes the list now. lol.
FIRSTPLUS Financial Group Inc (Pink Sheets: FPFX) will change to FIRSTPLUS Financial Group Inc (Pink Sheets: FPFXQ)