PUMPs & dumpS
Red Flagging DANGERS In The Penny Market
July 25, 2011
The touts are hot on the trail of UTOG again, now that there is hope that the SEC will lift its trading restriction on the stock and enable it to go back to the Bulletin Boards. The stock was on a 10 day halt in June following a series of questionable claims and a multi-million dollar promotion which saw insiders dump millions of dollars in stock on the street. After the 10 days expired, the stock was allowed to continue trading on the grey sheets under a tremendous amount of scruitiny and restrictions on brokers. In the meantime, the company was required to file a new 15c-2-11 statement with the SEC outlining a series of corporate information and company disclosures in order to have a chance to relist to the bulletin board. That has now been done and the company is waiting with its fingers crossed.
Amongst the concerns of the SEC, was the heavy promotion campaign, including illegal spam emails, which to no one's surprise the company claims it knows nothing about. One campaign called for the stock to trade to $8 a share giving it a $1.7 billion dollar market cap. At that time, the company had $157 in the bank.
An Insider of this company, Patrick Smyth, who also acts as investors relations point man, has been involved in several companies which have received trading halts in the past. As a leopard rarely changes its spots, we recommend being careful with this one, and by being careful, stay away. Now trading in the 50 cent range, ask the investors who paid $1 - 2.50 for this stock if they wished they had done the same when we first start issuing warnings about this one back in April and May.
Alert:
At least five paid touts are sending emails promoting CDOI.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting ICPA.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting UTOG.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting GRHU.
We classify this as a pump and dump.
Alert:
Illegal spam emails are being reported promoting HDUP.
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:
At least one paid tout is sending emails promoting BZRT.
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 GSTP.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting DSKX.
We classify this as a pump and dump.
Alert:
At least one paid tout is sending emails promoting SAPX.
We classify this as a pump and dump.
Alert:
At least two paid touts are sending emails promoting BHRT.
We classify this as a pump and dump.
Continuing Alerts:
YIPI, HOTM, MXMI, FOGC, BIZZ, LYJN, VKML, ABAT, AURI, AAAA, KBLB, YESD, SAVW, MNAP, AEBF, WWPW, HOTM, EAPH, MIHI, DEGH, SLLN, BZRT, FTEG, RFNN, GLDN, MNAP, TBBC, SIRG
Be careful out there!
