As expected Lynn was able to shed much more light on how and why DoublingStocks has been able to survive and thrive with impunity up to this date. Here's what he said:

Information from Lynn Edginton of Eagle Research Associates about how DoublingStocks.com stays alive:

"Paul:

In regard to your inquiry about doublingstocks.com, I want to share with you some information we have gathered over the years about Penny/Pink Sheet stocks and these type of programs; as well as responding to your specific question:  Why hasn’t anything been done about them?

One of the harsh realities of dealing with anyone in the Penny, a/k/a Pink Sheet stock arena has been this truth:  “Penny stocks are known to be the arena of crooks, pump and dump stock fraud, conmen and scammers.” Since the reporting requirements for Penny stocks are so lax and different than for OTC and other publicly traded companies, it is not unusual for a Penny stock company not to file any financial statements or 10k reports. Another reality is the SEC does not have the manpower, time, resources or money to police this market.  Their position is you trade in Penny stocks at your own risk.  The only way the SEC or any other regulatory agency is going to get involved in a Penny stock scam is if it can be proven money is being funneled into terrorist countries or terrorist organizations.  Otherwise the investor is pretty much on his own in this arena.  Now that you have a backdrop of this market and how it operates, let me address your question regarding doublingstocks.com.

First, the owner resides in the UK.  While he gives a U.S. address and phone number, no such U.S. address and phone number exists.  On one of the websites it does, however, show a phone number for the UK.

The websites are hosted offshore, and since he is not offering securities he is not subject to the SEC and U.S. laws.  While he does solicit U.S. citizens to participate, he is offering a service that promotes stock picks.  Even though he uses what could be deemed deceptive advertising in his sales/marketing E-mails and website, it is a fine line, but not illegal.  Since it is a service business, the dollar amounts just aren't there, and not enough people are complaining here in the U.S. for the FTC to take action, which is the only agency that would have jurisdiction.

It does not mean that someone who gets taken by this program can't sue him personally.  Of course with him being in the UK, it would be difficult, but not impossible to do.  It would be expensive, so the dollar amount lost would have to be exorbitant to make it feasible to sue.  His safety is the dollar amount involved is so low, it is not worth the cost to file a personal suit, nor for any government agency to take any action.  Thus why he continues to do what he does.  The only way to stop him is to stop buying his hype and participating.  Bombard the forums warning people not to join, and that will have more impact than anything else anyone can do at this time."

I highly recommend you regularly visit Eagle Research Associates at : EagleResearchAssociates.org

Why am I mentioning it? Because I just got an email from Dylan Loh about it in my inbox.

But i got turned off as soon as I saw that their sample website that the were using in the sales page – TheRealIncome was promoting DoublingStocks. Now, it would be idiotic to discount the claims of WildSEO just because I don't like their example site – but it does give me a nice opportunity to rant about Doubling Stocks. LOL (don't worry I'll come back to WildSEO).

DoublingStocks Rant Interlude

You see, DoublingStocks is one of the most notorious online "opportunities" of all time. It's unbelievable to me that it's even still running. I know a lot of REAL full-time traders and I don't even bother to show them the DoublingStocks site because I don't want to cause them to  have a hernia from laughing too hard. Also they'd be laughing so LOUD that the cops might come and arrest them for disturbing the peace.

It's quite well-known by now that the sales letter used for DoublingStocks is extremely similar to an old sales letter for PokerBobby which you can see at Archive.org here.

Even the photo of the two "programmers" is the same – although on PokerBobby their names are given as "James" and "Gary" whereas in the DoublingStocks.com sales pitch the names are given as "Michael" and "Carl".

Now I'm going to move onto some concerns about WildSEO right off the bat. If you want more information about DoublingStocks and it's problems I suggest you read one of the best writeups about DoublingStocks reality at PennyStocks.com here.

About WildSEO – First of all I'm baffled as to why they're bragging about ranking #1 in Yahoo for "make money in home" which according to the Google Keyword Tool has extremely low search volume – 880 searches per month on a broad match and 58 searches per month on exact match when I checked. Hardly anything to write home about.

In fact when I checked the Yahoo rankings for "make money in home" our "good friend" "TypingWealth.com" was ranked number 1. LOL. (In case you don't know we do NOT recommend TypingWealth). But that's neither her nor there – just funny.

Now their ranking for "make money online" is impressive, but it would be nice to know how long they hald that ranking. I've ranked #2 for "work at home jobs" – but not for long. Certainly I could have taken a screenshot when I ranked. I just went through 5 pages of Yahoo results for "make money online" and didn't see their example site once – however, I know that rankings can disappear and come back so take that with a grain of salt.

So basically I'm willing to wait this one out. I'm not going to discount it completely just because the example site is promoting DoublingStocks. That would be idiotic as it has nothing to do with whether the techniques in WildSEO are valid or not.

And I'm certainly not going to fork over money for the product based on what I'm seeing so far!