Titan Iron Ore Corp
Queja 149281 Detalles

I purchased stock in this company on 3/12/2012 at $1.46 per share

I sold my shares of stock on 8/6/2012 for $0.249 per share

This was a Pump and Dump Scam

On March 30, 2012 I emailed Diana Bittner - at Titan’s Investor Relations department asking why the stock price was falling

On March 30, 2012 I received an email from Adam Lowensteiner of
Wolfe Axelrod Weinberger Associates LLC
One Grand central Place
60 East 42nd Street
Suite 2534
New York, NY 10165
212 370-4505


Adam requested a phone conversation – I spoke to Adam that afternoon by phone

Adam informed me that Titan purchased a shell company to side step the SEC regulations allowing Titan to sell stock – Adam stated that some of the original company investors (I later learned the company that Titan bought was Digital Yearbook, Inc.) were selling their stock – Adam assured me the stock would rebound and that I had nothing to worry about – Everything Adam said to me was a lye what follows is an excerpt from an article written by Nathan A Busch found on the internet

Internet Frauds and SCAMS
Thoughts on Life and the Law
May 25, 2012
By Nathan A. Busch



It is interesting that the company Titan Iron Ore, Corp., with the ticker symbol TFER returns the result that the symbol does not exist on an EDGAR search. However, a search of “Titan Iron Ore, Corp., returns a host of documents that have been filed with the SEC.

As expected, this company has no income, a minute negative free cash flow, a miserable EV/EBITDA, zero ROCI, zero ROA, a trading volume, on 14th March 2012, of 3,470,849, and a price of $1.38. It appears that before about December 2011, the price was in the range of 30¢ per share, which means that the share price has risen about 460% since this SCAM started.