Geopulse Explores Using Caveats
to Find Customers For Insider Stock!
September 6, 2011: A lot of ongoing Pumps & Dumps bring on new blood today into floundering campaigns in an effort to create some new interest.
Geopulse Explorations (GPLS) has added a couple of new touts to their month long Pump & Dump campaign. This one has taken a 40% dive since the campaign began as insiders find few dupes willing to take on stock in a company that releases caveat filled news. We warn about caveats in our article It's A Pump & Dump, which is required reading for all penny players.
Sometimes, caveats are found by reading in between the lines of news releases such as those disseminated by GPLS. In their opening press release, they used the sentence, when referring to their acquisition of a purported copper property in the Lisbon Valley of San Juan County, Utah, the company makes the statement, "It was strategically purchased for its copper exploration potential." Here, the word potential is key and leaves an opening for the possible future, didn't pass due diligence, statement, much like the one massive PnD subject GGRI recently made about their Summer Property (which we prognosticated, by the way). Now while the Lisbon Valley does have many signifcantly producing copper mines, we somehow have a feeling that this property won't be home to one of them.
GPLS's most recent press release was also caveat filled, when they blasted the headline, "Financing Agreement for Up to $25 Million Signed by Geopulse Exploration", making it sound like it was a done deal. However, by reading the press release in its entirety, one discovers that it is a "best efforts" agreement, rendering the announcement meaningless.
Always be wary when terms like "potential", "best efforts" and "pending due diligence" appear instead of words like, "proven", "deliverable" and "completed due diligence now proves". Caveats are almost always the sign of lip service being paid to suckers buying insider stock.
Be careful out there!
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