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You may like the company. You may like the stock. But to deny that the insiders are continually paying to pump this stock for any other reason than to sell stock would make you an ostrich.
Here's an excerpt from this morning's email from www.pumpsanddumps.com
August 3, 2011
After we released our advisory on Portage Resources, Inc. (POTG) last night, we were sitting around, marveling at how much money CEO, Paul Luna made in a short period of time, when it occurred to me that we had missed the obvious sign that this deal was a scam.
As we reported, Luna paid $20,000 to gain control of 75% of the company. In other words, he was automatically giving up 25% of the assets he was vending into the deal to the other shareholders of the company. At one time last month, the deal had a market cap of $1 billion. Now if the properties collectively were worth $1 billion, would Luna really have given up a quarter of the asset in exchange for the shell? A pink sheet shell which can deliver 100% of the paper sells for $150 - 200K. A legitimate natural resources (mining) company can be public on the Bulletin Boards (not the Pink Sheets) in as little as three months from filing registration papers, for about $50K in costs.
No Luna's goal fro the outset was to make a fast buck. And we're pretty sure that even he is surprised with the success of this scam. We name the SEC an accessory for its lack of oversight which allows for people to get hurt by con men like this.
I wonder what Luna has up his sleeve now. Whatever it is, you can bet that he's up to no good.
http://www.pumpsanddumps.com/2011/06/portage-resources-potg-we-wouldnt.html
I think what motosan is trying to point out is that the same promoter who is now promoting EAPH promoted that bogus bank deal.
Here is the link to the article
http://www.pumpsanddumps.com/2011/08/touts-seedy-side-of-being-stock-pimp.html
from this morning's email
We're still disgusted with tout, The Lotto Pick, and their illegal question in Wednesday nights email to their subscribers, "Can VPLM Jump 100% Tomorrow?", which was purely designed to give false hope to the suckers out there. Funny how they didn't respond to their own question after yesterday's close. That answer would be, "NOT EVEN CLOSE" The stock closed up 3% after being up as much as 15%, embarrassingly short of their inference. The promotion did manage to raise a couple of hundred thousand dollars for the insiders who were dumping yesterday, so I guess the pimp's despicable tactics paid off and I'm sure that nobody at The Lotto Pick lost any sleep.
www.pumpsanddumps.com
Today's PIMP award, given to the tout who exhibits the most disgusting display of stock prostitution, goes to Epic Stock Picks and it's twin sister Stocks Gone Wild. Yesterday, the pair began pumping LEXO, a recent issue that hasn't put out any press since last October and has barely ever even traded. Well the dupes started buying in force at the open driving the stock up to 6 cents immediately. It only lasted there for a few seconds but long enough for the twins to claim gains of 1850%. What they didn't tell you is that the stock closed at just over a penny, giving anybody who bought in at the high of the day, a potential loss of over 80%! The good news is that the entire dollar volume of the stock was an unspectacular $60,000 so hopefully nobody lost too much money, but congratulations to those who insist on lining the pockets of insiders with these stupid pie-in-the-sky investments. I mean "Gee!". No press releases since October! Did any of yesterday's buyers even know what this company does?
www.pumpsanddumps.com
major warning out
www.redflaggedstocks.com
Everybody was warned by pumps and dumps dot com
el scammo
guess not, huh?
How's that dollar looking? What happened to the momo?
Finally!
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
Not So HotCloud Mobile, Inc. (HOTM) Will Leave Investors With Bleeden Hearts
July 21, 2011: The regulators of the public markets in Canada require officers and majority shareholders to file Personal Information Forms (PIF) which must then receive approval. David Bleeden, President of HotCloud Mobile, Inc. (HOTM), is a good example when making a case for such policing in the US penny markets.
Prior to beginning a somewhat dubious career in the cellular telephone business, Mr. Bledden, a self-confessed former drug abuser, was the recipient of the hospitality of the State of California, after pleading guilty to three counts of burglary, one count of joy-riding and one count of child abuse. According to the deputy district attorney assigned to the case, Bleeden ran into Tower Records, Record Warehouse and Music Plus record stores, grabbed armfulls of CDs and then ran to a getaway car driven by his wife, sometimes with the couple's baby also in the car. After plea bargaining down from 10 counts of burglary, the couple was each sentenced to six years in prison. During the plea negotiations, Bleeden bailed himself out of jail while chivalrously leaving his incarcerated.
Sometime after having served his time, Bleeden began his foray into retailing cellular telephones. Having purchased the predecessor to his own Wildcat Communications, Bleeden began to sell telephones and peripherals online and left a trail of unhappy customers in his wake. RipOffReport.com has 9 complaints from customers across the country who claim that they have never received product nor refunds. Having been sued as a co-defendant with Bleeden and his now defunct Strathmore Investments, Wildcat Communications no longer seems to exist. It's no wonder, two banks were/are amongst the entities chasing Bleeden and his companies. In all we found ten civil lawsuits which name Bleeden as a defendant, in Los Angeles County alone, including a Wells Fargo complaint filed in January of this year and a landlord's complaint filed just this last February. It seems that David has not been paying the rent for his business.
We also found a 1995 West Virigina judgment against Bleeden in the amount of more than $655,000. We were going to look into this case but it would have taken a lot of research and we figured, "Why bother?" We already know what we are dealing with here.
All these lawsuits alleging so much wrongdoing seems a little strange for the claimed founder of Naked Juice. That company, first bought by Chiquita Brands and now owned by Pepsico, should have brought Bleeden a nice piece of change, so we wonder, why all the schemes?
As for HotCloud Mobile itself, it is difficult to analyze its current financial position as it has not filed anything with the SEC since Mr. Bleeden purchased the formerly Canadian shell. However as recently as April 30, the company claimed liabilities of $3.5 million and the company has not announced or filed anything that would make us believe that this situation has changed since.
We do note that the company has released a bunch of self-promoting press releases (something Mr. Bleeden is quite good at as you shall soon see), none of which really speaks as to confirmed sales or revenue generation, but more in generalities Accordingly, we find it hard to justify the current market cap of approximately $35 million. Considering the low margins in wireless retailing, we'd find it just as difficult to justify a market cap of $35 thousand.
We do rather enjoy Mr. Bleeden's almost narcissistic self-promotion. We found several articles, written by Bleeden himself, which expose his worth in the business community. We particularly enjoyed "Meet An Inspirational Soul, David J. Bleeden", in which he labels himself "an inspiring young entrepreneur" and "the person who has almost become the synonym of success." A press released issued by Bleeden himself is just as entertaining, as he declares, "David J. Bleeden is the name with whom everybody wants to show its name." We'd like to add a caveat to all this chest thumping. If you don't believe that David Bleeden is an honest and brilliant businessman, just ask him.
NEXT!!!!
Be careful out there!
www.pumpsanddumps.com
Be careful this one has been put on watch by pumpsanddumps.com.
Be careful this one has been put on watch by pumpsanddumps.com.
Not sure. I know they've had email issues in the past.
Yeah, actually it is. Scroll down the Now Underway list. It is there. July 18.
No, I do not now. I have in the past and when I saw the PnD email I looked into it again including looking here. Like I said I am a big of fan of that website. I've lost a lot of money in penny scams before.
I wanted to stick my two cents in about the pumpsanddumps.com controversy. I'm not here to argue and I won't deny that I am a big fan of their website and the articles they write are so well researched and articulated and they provide evidence with everything they claim. Those are the articles. SAVW is on their PnD list. I wrote to them and asked them why? Here is our exhcange.
Me: "Posters are complaining on ihub about your inclusion of savw on your pumps and dumps list. You should know I am a big fan of yours but I must say I don't say where the stockhaven email mentioned on ihub says that they were paid for savw. Could you please tell me where you got this from?"
PnD.com response:"Thanks for writing and asking in a reasonable tone. We have received several, mostly hysterical and threatening emails regarding this as we do with several of our well fact-based articles and our alerts which are based on emails received from touts. Hysterics usually (but not always) come from the promoters/pumpers paid to tout the stock on behalf of the insiders so we ignore hysterics. You asked nicely, so I'll answer your email. This will be the last time we address this subject so please post it on ihub.
Take a look at the stockhaven email (assuming you have it) being talked about and the disclaimer in particular.
"WE ARE NOT REGISTERED BROKER DEALERS OR REGISTERED INVESTMENT ADVISORS, AND ARE NOT QUALIFIED TO GIVE FINANCIAL ADVICE. This site, www.stockhaven.com, is property of and operated by Worthmore Investments, LLC (Worthmore). Worthmore is a financial information and marketing firm which provides paid advertising services for our clients to generate exposure of the featured companies. Worthmore nor its owners, employees, affiliates and agents responsible for the content of this site are not registered as Broker Dealers, Investment Advisors or financial analysts in any jurisdiction whatsoever, nor are they members of any association for research providers. We are not qualified to give financial advice to anyone."
Does this not say it all? Nowhere does stockhaven say what they were paid nor do they say they weren't paid for the SAVW promo. You should also Google "savwatt" and see how many more promotions you find since January. We stopped counting after 5." Finally, these touts lie all the time. Stockhaven is probably not lying here because they don't say what they were or weren't paid. But otherwise, what's in it for them? We are a public service disgusted with all the pumps and dumps out there stealing money from seniors and other innocents. We warn when a stock is being promoted and write an article if we discover shenanigans. If one person saves their money, we go to bed sleeping well. Thanks for writing"
I think PnD.com may have a point.
It was pumpsanddumps.com and they have it on the list of P n D Now Underway. You have to scroll down to yesterday. I was wrong about the email. It missed it. I'll send them an email and ask which one is wrong.
Rustler, you saw what they did to WRIT. I doubt it will be as bad as WRIT because they wrote a whole expose on that scam which they haven't done (at least not yet) on SAVW.
Yeah, they flagged it yesterday and it's on their watch list. It's also on their daily emails.
Hey I hope this thing goes to the moon for ya
if you say so. I'll be back here in a few days to see how you're doing. do I get to laugh at you if you're wrong?
Prediction? Pain!
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
Here We Go Again!
We Blow The Lid Off Of Hot Cloud Mobile (HOTM)
We took a look at Hot Cloud Mobile (HOTM), which is furiously being pumped and dumped right now, and WE DID NOT LIKE WHAT WE FOUND!!! (notice the uppercase letters)
We found company insiders with a background teeming in rip offs and lawsuits galore! And we don't like what they're up to now either!
We're preparing our advisory as we speak and will release it by noon tomorrow. In the meantime, stay away!!!! And if you're in right now, then for goodness sake....well you know what to do.
Tomorrow! Noon! Be there!
Until then,
Be careful out there!
www.pumpsanddumps.com
and even if the article had some incorrect statements, it still made one very valid point. Stay away!
I have fond memories of how many of you loved at this article when it was released by pumpsanddumps.com back in March. The stock was .16 then. Who's laughing now?
http://www.pumpsanddumps.com/2011/04/medical-marijuana-mjna-is-bad-for-you.html
Excerpt from an email I received today.
Finally, we'll continue to warn against POTG and advise staying away from it. Millions of dollars have been lost in the recent dive in share price and yet the promotions keep on coming. Of course millions of dollars have also been made on this tremendous pump and dump, mostly by company president, Paul Luna, and his merry band of insiders. Why the public, in a feeble and mostly fruitless attempt to make a few hundred dollars, continues to reward these pirates who are reaping tens, if not hundreds, of millions of dollars in ill-gotten booty, is beyond us.
www.pumpsanddumps.com
July 11, 2011: There are a lot of concerns regarding the current Pump & Dump conducted by convicted securities violator Larry Moore. In February, Mr. Moore, purporting (we think) to act as President of Greenfield Farms Food, Inc (GRAS), purchased the Sweet Spot Games shell (SWTP), which was recently registered for the express purpose of selling it to someone who might ordinarily have a difficult time filing a new registration statement on his own accord (i.e. Larry Moore). Mr. Moore promptly allowed the Nevada corporation to fall into default by failing to file the required list of officers.
Problem: Greenfield is not allowed to act as a corporation until this is resolved and if the SEC gets wind of it....uh oh.
Well we'll assume that eventually Mr. Moore and the company's esteemed counsel, Charles Barkley (no not THAT Charles Barkley), both of whom had ought to know better, will get around to fixing this issue at their convenience. At the same time, they will probably change the name of the registered corporation from Sweet Spot Games. The question is, what will they change it to? The company press releases, SEC filings and the CUSIP number identify the company as "Greenfield Farms Food, Inc.". However, there is no "Greenfield Farms Food, Inc. registered in neither Nevada (again, we'll assume that Sweet Spot Games will eventually be renamed) nor North Carolina, where the company purportedly began operations. We did find a "Greenfield Farms Grassfed Beef, Inc." in North Carolina which lists Mr. Barkley as its agent, but that is a markedly different name than that used by the public company with symbol GRAS. We congratulate the SEC and FINRA, tongue in cheek, for another job well done.
Problem: The public traded company does not exist.
We also note with interest that Mr. Barkley, a North Carolina attorney, acts in the company's Investor Relations capacity. We question why an attorney, who undoubtedly charges several hundreds of dollars per hour for his services, would be chosen to act in this capacity. We also find that Mr. Barkley is readily available to act as general counsel to microcap companies in exchange for shares in those companies. These companies include China Du Kang (CDKG), Revolutionary Concepts (REVO) and others, some of whom are now defunct, none of whom could be called a success. Considering Mr. Barkley's lack of attention to detail regarding the affairs of GRAS, we would be concerned if we were shareholders of any of these other companies as well.
We are particularly amused by the shell game that the insiders are playing with their stock. In an attempt to disguise the dominion the insiders hold over the suckers buying into the Pump & Dump, 22,033,787 common shares were converted into 96,623 Preferred Shares prior to the 40 for 1 forward split of the common stock. In this way, the insiders were able to disguise the virtual number of shares outstanding. Although that published number, according to the 10-Q filed on May 23, 2011, is now 323,048,523 shares, a good analyst must consider the preferred shares which are convertible at any time and can be voted at a rate of 7000 common share per preferred share. This means that there are virtually 999,409,523 shares outstanding and holding voting power. Even when the insiders sell their current common shares over the course of this Pump & Dump, they still have virtually an unlimited supply via their preferred shares and will always hold voting majority.
Problem: There's a lot more stock out there than many realize.
Finally, we have a real problem regarding the asset value. According to the May 23, 2011 10-Q, the company has an asset total of $66,166 including $35,499 in cash. After hitting a high of 58 cents today (and the suckers won't even get a Christmas card from the insiders), the stock closed @ 37 cents, giving this company a virtual market cap of about $360 million.
Problem: You name it.
We've sent this advisory to our contacts at the DTC and the SEC Enforcement Office. Considering Mr. Moore's past securities violations, we expect that this deal will be scrutinized some. But then again, knowing the regulators, maybe not.
www.pumpsanddumps.com
pumpsanddumps.com added this to their watch list
pumpsanddumps.com added this to their watch list
I don't have to do the research. I have forgotten more about this game than most will ever know. Do you really think that these people don't ever lie?
well then too many people believe what they read
who says they invested $5 million in advertising?
Sure the insiders know. They are lining their pockets with the money they took from the bag holders.
The warnings were there
http://www.pumpsanddumps.com/2011/06/all-that-glitters-is-not-greenwood-gold.htm
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
July 14, 2011
The insiders of GRAS continue to take the advice given out in our advisory of July 11 by correcting deficiencies that the CEO of a public company and an attorney didn't notice. Three hours after our advisory was emailed to our subscribers, the company issued a press release no longer identifying attorney Charles Barkley as the invetor relations contact as had been done previously. Now, the company name has finally been registered with the Nevada Secretary of State, although it remains in default for failure to file a list of officers. Presumably, Mr. Barkley and GRAS CEO, Larry Moore were too busy planning the current Pump & Dump to pay attention to the finer details required by the regulators. We'd gladly accept, tongue-in-cheek, a consultation fee as a sign of their gratitude for pointing out their deficiencies.
It's Pump & Dump palooza today as the touts have dusted off a number of past promotions to see if they can once again screw the public out of their money on behalf of the insiders. SLLN, BZRT, FOGC, FTEG, and TBBC, all of which have already caused millions of dollars in losses to the duped public, are being aggressively pumped again and the insiders are obliging the new found thirst for these issues by dumping their stock onto to those who have not yet learned the painful lesson. They will learn and we will continue to receive emails proclaiming that the writer wishes he/she would have seen found our website sooner and that he/she has now sworn off penny stocks forever. We suggest that anyone considering investing in these issues look at the charts and see what happened over the course of the last Pump & Dump.
Remember that a few will make money, but thousands more will eventually lose millions of dollars. This is always the case with any Pump & Dump.
www.pumpsanddumps.com
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
July 14, 2011
The insiders of GRAS continue to take the advice given out in our advisory of July 11 by correcting deficiencies that the CEO of a public company and an attorney didn't notice. Three hours after our advisory was emailed to our subscribers, the company issued a press release no longer identifying attorney Charles Barkley as the invetor relations contact as had been done previously. Now, the company name has finally been registered with the Nevada Secretary of State, although it remains in default for failure to file a list of officers. Presumably, Mr. Barkley and GRAS CEO, Larry Moore were too busy planning the current Pump & Dump to pay attention to the finer details required by the regulators. We'd gladly accept, tongue-in-cheek, a consultation fee as a sign of their gratitude for pointing out their deficiencies.
It's Pump & Dump palooza today as the touts have dusted off a number of past promotions to see if they can once again screw the public out of their money on behalf of the insiders. SLLN, BZRT, FOGC, FTEG, and TBBC, all of which have already caused millions of dollars in losses to the duped public, are being aggressively pumped again and the insiders are obliging the new found thirst for these issues by dumping their stock onto to those who have not yet learned the painful lesson. They will learn and we will continue to receive emails proclaiming that the writer wishes he/she would have seen found our website sooner and that he/she has now sworn off penny stocks forever. We suggest that anyone considering investing in these issues look at the charts and see what happened over the course of the last Pump & Dump.
Remember that a few will make money, but thousands more will eventually lose millions of dollars. This is always the case with any Pump & Dump.
www.pumpsanddumps.com
PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
July 14, 2011
The insiders of GRAS continue to take the advice given out in our advisory of July 11 by correcting deficiencies that the CEO of a public company and an attorney didn't notice. Three hours after our advisory was emailed to our subscribers, the company issued a press release no longer identifying attorney Charles Barkley as the invetor relations contact as had been done previously. Now, the company name has finally been registered with the Nevada Secretary of State, although it remains in default for failure to file a list of officers. Presumably, Mr. Barkley and GRAS CEO, Larry Moore were too busy planning the current Pump & Dump to pay attention to the finer details required by the regulators. We'd gladly accept, tongue-in-cheek, a consultation fee as a sign of their gratitude for pointing out their deficiencies.
It's Pump & Dump palooza today as the touts have dusted off a number of past promotions to see if they can once again screw the public out of their money on behalf of the insiders. SLLN, BZRT, FOGC, FTEG, and TBBC, all of which have already caused millions of dollars in losses to the duped public, are being aggressively pumped again and the insiders are obliging the new found thirst for these issues by dumping their stock onto to those who have not yet learned the painful lesson. They will learn and we will continue to receive emails proclaiming that the writer wishes he/she would have seen found our website sooner and that he/she has now sworn off penny stocks forever. We suggest that anyone considering investing in these issues look at the charts and see what happened over the course of the last Pump & Dump.
Remember that a few will make money, but thousands more will eventually lose millions of dollars. This is always the case with any Pump & Dump.
www.pumpsanddumps.com
Here's an excerpt from the email that pumpsanddumps.com sent out this morning:
July 12, 2011
We had to laugh. Last night we emailed our advisory on Greenfield Farms Food, Inc. (GRAS) and pointed out how strange it was that the company's attorney was also identified as its investor relations person. This was evidenced in yesterday's GRAS press release. Not three hours after we sent out the email, GRAS issued another press release, this time identifying company president, Larry Moore as the investor relations point man. We trust that Mr. Moore will attend to the other deficiencies we pointed out just as quickly.
good for you