Pumpsanddumps.com is a shorters guidebook, IMO. I used to believe they were a credible source until I realized EVERY promoted stock is a scam in their book. They might as well call out Apple or Coca Cola for promoting themselves on TV.
Not all company paid promos have devious intentions behind them. Their original purpose is to increase company awareness and attract investment in their stock. A company has no control over anyone (including the promoters themselves) who then decide to exploit the promo to inflate or crash the share price. If the stock remains stagnant or reacts negatively during the promotion period, it isn't likely that the company or promo clients will use their services again so there is an incentive for them to do a good job.
What I do take issue with are those many penny stock promos that are paid for in shares… lots of them. These promoters will try to "pump" up a stock as best they can before selling but often still have many more shares left over long after they do which they continue to sell right onto bid until they are fully depleted. Since these shares were obtained at a zero cost basis, it really doesn't matter what price they sell them for (unless there is a minimum price restriction).
Pumpsanddumps needs to focus more on those if they are to have any real credibility as an investors guide, IMO.
BDPS was allegedly paid in cash and there is no viable proof to suggest otherwise. Promos compensated in shares are usually preceded by a substantial increase in the O/S and/or public float and, so far, I have not seen such an increase that would justify such large price depreciation as we've seen on BFLX the last 3 days.
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