Francis Theodore Dudley III may be a completely unknown company for market investors. However, it will soon be well known among investors who monitor ITonis Inc. (PINK:ITNS
, ITNS message board
According to our database, Theodore Dudley III had ordered a two-day promotional campaign of ITNS for no less than $60,000. The compensation had been collected by The Stock Psycho who is leading the underlying promotion of ITonis.
The Stock Psycho, on his part, issued a trade alert yesterday afternoon exulting at the current technical set-up of the stock. However, in a smaller font at the
bottom of the newsletter the promoter admired the letter represented a "major conflict of interest" because of the received compensation.
The very promoted also points out that "The investor relations marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur."