PSYC Corporation (PSYC)

[gtrplyr]

I hate to say it but this stock reminds me of a classic pump and dump I got sucked into about 10+ years ago. CMKM Diamonds (CMKX) was a diamond mining company that was digging in Canada and promised everyone they had found the motherlode. Lots of PR's with geology study results, etc. People were snatching up shares at .0002 like there was no tomorrow. I personally still own 10 million shares.

Here's the thing...

-PR after PR...Joint Ventures and promises...never any revenue
-They added some pretty respectable people to their Board of Directors
-Their "office" was very similar to GOHE's...a rundown storefront.
-Lots of funky trades going on.

Turns out we were just funding the CEO's lavish lifestyle. He was eventually charged with fraud but died of a heart attack (allegedly) prior to ever going to trial.

The stock no longer trades...the company is no longer a diamond mining company.

There are still people who believe it was all a government sting operation to uncover a massive stock-shorting operation and that there are billions of dollars just waiting to be released to shareholders.

Unfortunately, I'm getting a similar vibe here.