Grow Capital Inc. (GRWC)

[Alan Brochstein]

Be careful with this pump and dump being pushed by Jeflifepennystocks.com, which is part of Carriage Consulting Group, an entity controlled by Michael Pellici, its CEO. Carriage Consulting has several penny stock promotion companies, and the results appear to be atrocious (though they don't really publish them in an honest way - instead they pick and choose situations and post numbers with no audit). These companies that Michael Pellici runs thrive on manipulating stocks, "advertising" worthless companies like GRWC to unsuspecting traders.

My favorite part of Pellici's marketing drivel:

Jet Life penny Stocks is associated with a well established research team who specializes in real penny stock companies.

Jet Life has been pushing GRWC on Facebook:

https://www.facebook.com/JetLifePennyStocks/


The information it shares isn't particularly true (15 leased out facilities - no). But no worries, IT'S JUST FOR ENTERTAINMENT PURPOSES:

Absolutely anything and everything said/posted by Carriage Consulting Group, Jet Life Penny Stocks and any individuals, members, affiliates or related persons thereof, however expressed, is solely for the purpose of raising awareness or for entertainment purposes only and ABSOLUTELY UNDER ANY and ALL CIRCUMSTANCES SHOULD NOT – REPEAT NOT – BE RELIED UPON IN ANY MANNER WHATSOEVER TO BASE INVESTMENT/TRADING DECISIONS.

Pellici and his companies push crap like GRWC and just don't care:

Many OTC companies have turned out to be fraud companies, we in no way validate the validity of the companies we advertise, nor do we validate any information made public by way of press release or any other publication set forward by the company or any party involved with any company we advertise.

They also front-run their subscribers apparently:

Stock profiles are intended to be stock ideas and not recommendations. We may independently purchase in the open market the security we are promoting and thereafter conduct further purchase and sale activities of the same security, before, during or after our actual publication of the Information regarding the Issuer. The cash source of our buying/selling activities may be the cash fees that we receive as compensation for the awareness we are providing. Our trading activities (as well as those of any third party shareholder) can directly influence the market price and liquidity of the security. This should be taken into consideration before deciding to invest in any company/security we are profiling.

Many of our awareness campaigns are paid via third parties, these third parties are often investor relations companies and/or market awareness companies who have been subsequently hired by the company or an investor/investor group that have shares in the company receiving the awareness.Paid awareness is nearly always a means to sell shares to the public in the open market, so you should always assume if there is an awareness campaign then someone is selling shares of the company in question.

I have been unable to find the proper disclosures that say how much Jet Life is being paid to promote the company. They claim that they do this:

In order to be in full compliance with the Securities Act of 1933, Section 17(b), any consideration to Carriage Consulting Group, Jet Life Penny Stocks, and, its affiliated Members and its management will be fully disclosed if applicable. and , and/or any of its affiliates, principles, employees, clients, partners, directors, agents, and the respective family members may from time to time buy or hold shares of any of our profiled companies prior to releasing it to the membership via email or website posting. We also may sell our shares in any profiled company at any time after the profile has been released to the membership which may allow us to profit from the sale.

This is how the OTC works. People like Michael Pellici, the CEO of Carriage Consulting, which owns Jet Life Penny Stocks, take money from worthless companies like GRWC (or third-parties) and say stuff about it without any sort of verification.

GRWC is a pump and dump - be careful.