Industrial Nanotech Inc (INTK)

[Demain]

"Pump and Dump" is a type of stock fraud involving the use of false or misleading statements to increase stock prices and then sell the inflated stocks to the public.
A typical “pump and dump” scheme begins with stock promoters loading up on stock of a microcap company. The promoters then “pump” the stock by disclosing fake “inside” information of the company and claiming that huge price gains will follow. For example, they may say that Industrial Nanotech is selling to hundreds of global customers including some of the largest corporations like Lowe's, CAT, RCL, Komatsu, ExxonMobil, Koch, Nestle, etc. . If the promotion is successful, people will buy the stock. When the stock price increases, the promoters continue to “pump” the stock, while “dumping” their own stock. As the demand of the stock dries up, the stock price falls and the people who bought the stock lose their money.

https://www.law.cornell.edu/wex/investor_protection_guide_micro-cap_stock_fraud_%28%22pump_and_dump%22%29