Red Flagging DANGERS In The Penny Market
July 19, 2011
It look like the suckers were not quite as abundant as the promoters were hoping when it came to the promotion of GRAS. The share price as taken a better than 70% haircut since reaching its high on Thursday, and the promoters are back to relentless promoting, sending email after email because the insiders still have plenty of stock to foist on you. Obviously, our revelations of management sloppiness regarding registration of the company didn't help the insiders' cause any, nor did our questioning of a $360 (now 180) million dollar market cap on a company with $35,000 bucks in the bank. GRAS's latest press release announces the sudden ability to ship better trimmed steaks to their customers. This press release is about as lame as it gets. Notice how they haven't announced how many steaks have been ordered. We suggest that there is still a lot of fat to trim off the price of this stock.
HRTE is on its upteenth spam email campaign and we can't believe that the SEC hasn't stepped in yet to halt trading in this thing. We do want to point out that issues that are the subject of such devil-may-care illegal activities usually and eventually get halted, so we'd be careful about stepping into this piece of garbage.
Finally, we'll continue to warn against POTG and advise staying away from it. Millions of dollars have been lost in the recent dive in share price and yet the promotions keep on coming. Of course millions of dollars have also been made on this tremendous pump and dump, mostly by company president, Paul Luna, and his merry band of insiders. Why the public, in a feeble and mostly fruitless attempt to make a few hundred dollars, continues to reward these pirates who are reaping tens, if not hundreds, of millions of dollars in ill-gotten booty, is beyond us.
Alert:
At least two paid touts are sending emails promoting EAPH.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting MIHI.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting WWPW.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting HOTM.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting YESD.
We classify this as a pump and dump.
Alert:
At least four paid touts are sending emails promoting BIZZ.
We classify this as a pump and dump.
Alert:
Illegal spam emails are again being reported promoting HRTE.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting GRAS.
We classify this as a pump and dump.
Alert:
Multiple paid touts continue to aggressively send emails promoting POTG.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting KBLB.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting CDMA.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting AEBF.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting MNAP.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting SAVW.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting AURI.
We classify this as a pump and dump.
Continuing Alerts:
DEGH, MXMI, SLLN, BZRT, FTEG, GSTP, RFNN, GLDN, MNAP, TBBC, SIRG, SMVR, SUFF, DSKX, DGIN, AAAA, EIHC, VSPC, INTK, ONCS, THWI, OMVE, ZGMD, CBBD, AAST
