PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
June 20, 2011
Things have been very exciting here over the last several days. It’s been 3 months since we’ve launched pumpsanddumps.com and we’re already averaging better than 2,000 hits per day. This is beyond anything we’ve envisioned at this early point in the website’s life and our newly retained Internet Marketing Consultants are projecting 30,000 subscribers and 20,000 hits per day by the end of the year. Angel financiers have been offering to throw money at us in order to expand our coverage of the microcap stock markets and become an even more relied-on resource. Subscribers have sent us 100s of emails thanking us for what we do and asking us for research on specific stocks of interest to them. We are unable to accommodate these requests as they are too many and we are too few. The regulators have even come to us for information on a couple of occasions regarding the subjects of our advisories. And of course, we have been the object of disdain and ridicule by those seeking to profit from the scams and schemes presented almost every single day. To them we offer a raspberry.
Here’s what’s in store over the next several months. Soon you will start to see iterations of change on the website as we bring more functionality and research to your fingertips. We will be adding a live chat room which will feature Q & A sessions with the authors of advisories published on the website. We will also add Twitter and Facebook pages as well as the ability to receive SMS text alerts. Also, at the request of many who feel they do not have the ability to freely voice their pro or con opinion on stock message boards without being subject to ad hoc deletion and/or ridicule, we will be developing our own version of a bulletin board to rival the Yahoo Message Boards, Raging Bull and InvestorsHub. All subscribers will be free to post any intelligent opinion on the subject at hand, providing no vulgarity or childishness is invoked.
Within the next few months we expect to add to our research team and continue to expand it so that we do a better job of covering all the Pump & Dump schemes out there. Our hope is to write advisories on each new P & D stock as quickly as the touters begin to promote them. Eventually, in a couple of years, we hope to have cataloged every Pink Sheet and OTC Bulletin Board trading so that subscribers can have access to an advisory before they make their investment. They’ll know the history of those behind the stock and the reality of the business the company purports to be conducting.
Of course, this will all take an enormous effort and plenty of money, which is why soon you will begin to see advertising on our evolving website and emails. We have not collected a dime on our efforts to this date but have used our time as an investment towards the future of pumpsanddumps.com . It has always been our goal to eventually generate revenue through advertising as we do not short stocks, even when there is that rare ability to short a few shares. However, we will never publish advertising from stock promoters or promote any stocks ourselves.
As we are in meetings all week regarding the expanding direction of the website, you are unlikely to see any new advisories in the coming week because, quite frankly, we don’t have the time to do the research and write the report. We will continue to update the “Current Pumps & dumps” list and send out the almost daily alerts as we always do.
We do want to point out that we are concerned about a few issuers who are really pummeling the public with solicitations to buy insider stock. These stocks include CLNO, POTG and FRXP all of whom have paid touters pounding the table about the great research they’ve conducted. FXRP has also recently been the subject of an illegal spam email campaign. We feel that investors are setting themselves up for huge losses if they participate in these obvious Pump & Dump schemes.
Alert:
Paid touts are aggressively sending emails promoting CLNO.
We classify this as a pump and dump.
Alert:
Paid touts are aggressively sending emails promoting POTG.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting JCOF.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting MSOA.
We classify this as a pump and dump.
Alert:
Spam emails are being sent promoting BZRT.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting SRGL.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting FRXP.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting IPRU.
We classify this as a pump and dump.
Alert:
At least three paid touts are sending emails promoting AAST.
We classify this as a pump and dump.
Continuing Alerts:
BGBV, MXMI, BRKM, RYUN, SPCK, BDVI, NUVM, HMNC, EFRDF, HPGS, NPWZ, MFTH, SLLN, FOGC, RYUN, ULBI, SKGP
Be careful out there!
