And another one bites the dust : Picostocks

MPOE-PR'sⁱ"FUD" back in January :

While I can appreciate that bootstrap seems to have been defeated in the market and the MPEx look and feel prevails, the question that stands before you is how can you show this isn't just another stock generation rehash? Because on the face that's what we have here.

That led to a rather amusing conversation,

Scammer : Please give us 2 days. We will launch another serious asset on Friday the latest. The asset is a bitcoin mine but I hope it will be large enough to attract interest. After this we will start floating "real world" companies. I have to admit this is a challenge because investments have to compete with the BTC deflation and the expected dividend threshold is much higher here than anywhere else. It is pointless to try to float a not convincing venture here but it can be still interesting from the tax point of view.

MPOE-PR : I'm in no rush, you can have two weeks or two months as far as I'm concerned.

Scammer : Here it is ... a large mine: http://picostocks.com/stocks/view/17 ... probably the largest mine in few months, but not any more the largest few months later :-)

MPOE-PR : Except Tom wasn't even going to sell 1,000 bASICs to begin with, and his original offering is all bought out, by people who are not you. So no, this isn't an example that serves your intention, this is an example that goes exactly the other way.

Clearly you have no business here. Please start here like everyone else.

Basically she was exactly right : a rehash of the old Russian scam known and loved by muppets everywhere as Stock Generation.

This is the story of your loss.

1. I didn't at the time judge this plainly obvious scam is worth an actual article. Which means that if you're one of the idiots caught in the blast, you're extra-special stupid for it. [↩]