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.
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