Sunpeaks Ventures (SNPK)
We’ve got another winner on our hands here with Sunpeaks Ventures, that’s for sure.
Outside of being pumped right now, the company is a joke. No really, SNPK was a one man show, or “sole officer” as they say. SNPK started in 2009 and went into the oil and gas exploration game.
It turns out… they fell on their face and ended up as a shell company due to “minimal operations”.
After directly selling shares through a prospectus last year, the company joined forces with Healthcare Distribution Specialist, LLC (HDS). Apparently, the multi-vitamin game looked more interesting.
HDS owner, Mackie Barch, collected 200 million restricted shares of common stock, and 3 million class A shares.
Of course, on December 7th of last year, SNPKD was re-registered as SNPK. Even better, the company did a share split of 1 for 45, making 8 million shares turn into over 370 million.
And why do you ask? Well, you need shares to float so the pumping game can get started. I mean, how else can anyone make money?
Just so you know, the total shares outstanding right now sit at 420,500,750, with a float of 145,500,750.
But wait, we need to remember one last detail. What about this filing I see here on March 6th showing SNPK secured $200,000 in financing for operations? (We’ll get to that in a second.)
Enter the pumpers on March 10th…
And it’s not just any pumpers. They brought in the big guns for this pump and dump – the notorious Free Penny Alerts Group. Remember these guys?
They most recently pumped NSRS and then dropped off the face of the earth on February 23rd…
Well, they needed time to craft their latest campaign for SNPK!
In fact, the entire group is sending out the exact same email over and over again. Here are the culprits –
1.Killer Penny Stocks
2.Gladiator Stocks
3.Free Penny Alerts
4.Free Penny Investment Reports
5.Penny Stock Alley
6.Explicit Penny Stocks
7. Premier Penny Stocks
8.Awesome Penny Stocks
9.Penny Pic
10.Secret Penny Stocks
11.Penny Stock Gains
And there are over a dozen stock touting websites, including these 11 pumping SNPK. All with full force right now! And guess how much was spent so far?
$95,000. Wait, didn’t SNPK just get $200,000 in financing for “operations”? Oh, I’m not saying they paid to pump their own stock… not at all. But the timing is quite ironic, no?
I only bring it up as we’re dealing with a well-known, major-weight pumping operation here. They ran up, and then pulled the rug out from under NSRS…
Something smells rotten, that’s for sure.
Now, both the pumpers and the company will point out that SNPK secured an agreement with Walgreens to distribute their Clotamin Vitamins in various Florida stores. They’ll be in 50 Miami area locations and 34 Sarasota spots.
Wait, do they have inventory? Hmmm…
More great questions.
In the coming weeks, SNPK shares might just run pretty far. In fact, they’ve already started to. Shares were up to $0.66 just yesterday, a 12.6% gain on the day. But let me warn you… we’ve seen this happen before.
Bottom line…
Playing this game is the pure definition of insanity. You never know when the rug will be pulled out from under you. You never know when those “third party shareholders” are done bilking you for your cash.
Even though this is just getting started… stay far, far away.
It’s my favorite line, but I’m using it anyway… Don’t say I didn’t warn you!
