Frogads Inc (fka FROG)

[lmcat]

This FROG Is Guaranteed To Croak

It took the touts' recent ridiculous insinuation that Frogads, Inc (FROG) is going to put Craigslist out of business to finally make us take a look. In fact, FROG looks like a hastily slapped together poor cousin to Craigslist and we find the website significantly more difficult to maneuver. But that's nothing compared to what we are about to reveal.

Revelation of this obvious con, can be made when looking at the inferences the touts are making of massive revenues to be realized by FROG. For example, look at the following series of paragraphs:

FROG, my friends, is happy to wallow in the cash Craigslist is missing!

Just one trial banner ad about a year ago when FROG was just starting out netted them close to $50,000.

And FROG just told us yesterday that it's served up 1.5 MILLION ads since!

There is a lot of deception going on here. From the second sentence, a casual reader might think that the tout is saying that FROG sold a banner ad for $50K. However, by putting this sentence in its own paragraph, the tout cleverly hid the fact that he was talking about Craigslist getting $50K for banner ads at the time FROG was just getting started. Then in the third paragraph, the tout is attempting to give you the impression that FROG has sold 1.5 million $50K ads. No, no, no. Those 1.5 million ads (if that number is even true) are free ads, just like the hundreds of millions of ads Craigslist posts for free.

The truth about FROG is found in their financials and those say that this company is a long way from Craigslist. At last report, the company had $65K in cash and just under $9K in equipment (read: computers). We're guessing that Craigslist has just a little more. In the meantime FROG owes almost $160K and has never listed any revenues (so much for the smoke and mirror $50K banner ads).

The real concern about FROG is that the 90,000,000 shares issued and outstanding gives this company a ridiculous and unjustifiable market cap of $30 million. What's even more alarming is that just prior to the December 14, 2011 start of the current Pump & Dump campaign, company founder and President, Julius Spitari owned every single share of stock. Still not getting it? Then we'll spell it out for you. This is a blatant and in your face Pump & Dump of the President's stock. There is no attempt at hiding that fact. The company's latest 10-Q filing makes it clear. Julius Spitari is getting rich with the public's money.

We also found a very disturbing report from InvestorGoodies.com which took a look at traffic at the Frogads.com website and caused us to question even the minimal success being claimed. We encourage you to look at it as well by clicking here.

Be careful out there!

www.pumpsanddumps.com