Patriot Energy Corporation (PGYC)

[Sparks100]

Extreme Scams.

I was going back and looking at the posts on
IHUB for PGYC and refresing my memory on what
happened and when. First off, my sincerest
sympathies for any one who is still holding
any stock in PGYC.

PGYC was not your typical Pump and Dump stock.
It was, instead, a Pump and Dump Engine, one in
which promoters were constantly hyping the stock
to get new investors to buy in under the hopes
that it would do something significant.

I am glad that IHUB has maintained the posts from
prior years. If you want to know how many angles
a scam can take, study this Stock. Read the posts,
and try to investigate what was posted. Read to
see what others found out in their investigations.

Tony Bisanti, maybe he was a straight up person.
But that is irrelavant. Whether he was a fully
knowledgeable participant, or a willing patsy used
by others, or just a total dupe, he was at the center
of one of the worst and most involved scams in the
Pink Sheets.

Most of the trading activity for PGYC occurred between
the months of January 2009 and June 2009. May was the
height of the scam, with bogus information being passed
around trading forums. If you read the posts on this
stock, you will see that there were those who warned of
the scam, those who denied there was a scam, and a lot
of investors who were just plain taken in by the scam.

Use the knowledge that you can gain from studying this
stock to help you learn how to avoid scans like this.
Understand, information can be dummied up to make anything
look real, valid, and promising. Learn about performing
Due-Diligence, and learn how to go further steps by finding
ways to confirm and cross confirm the information that you
turn up. If there is a problem, if there is a distortion in
the facts presented by the data, you will be able to find it.

Good luck to all and hope you can take alot of experience
from this 'Disaster'.