Category: Microcap

SEC Suspends trading in Life Stem Genetics $LIFS

Another day, another trading suspension of a big stock promotion. This time the ‘victim’ is Life Stem Genetics (LIFS). I previously blogged about that promotion on October 30th. This trading suspension comes just one week after the previous trading suspension of a major active stock promotion, Sovereign Lithium.

Here is a chart of LIFS:

lifs_chart

 

The SEC’s trading suspension press release gave less detail than most about the reason for the trading suspension. LIFS will reopen for trading on the grey sheets on December 10th.

From the trading suspension release:

The Commission temporarily suspended trading in Life Stem because of questions regarding the
adequacy and accuracy of information about Life Stem, including, among other things, its
business operations.

 

SEC trading suspension release (pdf)
SEC trading suspension order (pdf)

 

Disclaimer: I am short 2153 shares of SLCO at Interactive Brokers that I intend to cover soon after the stock reopens for trading. I have no position in any other stock mentioned. I have no relationship with any parties mentioned above, other than that I am friendly with the author of the negative SeekingAlpha article on LIFS. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Fresh Healthy Vending $VEND gets an Andy Carpenter / Wall Street Revelator mailer and goes supernova

I apologize for my slowness in posting about this pump. It was first mentioned on Twitter by TMcNasty as a hard mailer stock promotion  on November 13th. All the pictures of the mailer in this post are ones that TMcNasty posted to Twitter.

 

vend_cover

Disclosed budget: $1,300,000

Promoter: Wall Street Revelator / Andy and Lynn Carpenter

Paying party: Brown Dog Marketing Inc

Shares outstanding:  18,382,852
Previous closing price: $2.70
Market capitalization: $49 million

 

Excerpt from disclaimer:

The Wall Street Revelator and/or its publisher, Andrew & Lynn Carpenter, dba The Wall Street Revelator has received a total amount of Seventeen thousand  five hundred dollars in cash compensation to assist in the writing of this Advertisement …

Brown Dog Marketing, Inc. paid one million three hundred thousand dollars to marketing vendors to pay for all the costs of creating and distributing this Advertisement …

 

disclaimer vend_box

Oddly enough the volume on VEND did not start until a couple days after the mailers started hitting:vend

 

Disclaimer: I have no position in any stock mentioned and I have no relationship with any parties mentioned above. I was short VEND and lost a bunch of money when my short was bought in by Interactive Brokers yesterday. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Amazonica Corp $AMZZ gets a SmallCap Fortunes / Tim Fields Pump

This morning I received emails from Tobin Smith linking to a pump page on Amaonzica Corp (AMZZ): http://www2.smallcapfortunes.com/amzz/index.html. This company already has a huge market cap so I would love to short in a few days.

 

Disclosed budget: $600,000

Promoter: Capital Financial Media (SmallCapFortunes.com) and Tim Fields Untapped Wealth

Paying party: ?

Shares outstanding:  214,000,000
Previous closing price: $0.73
Market capitalization: $156 million

 

amzz

 

 

 

Excerpt from disclaimer:

 CFM has managed a total production budget of up to $600,000 for advertising efforts and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. Untapped Wealth is paid $5,000 as an editorial fee from CFM and also expects to receive new subscriber revenue as a result of this advertising effort.

Disclaimer:

IMPORTANT NOTICE AND DISCLAIMER: This advertising issue of Untapped Wealth does not purport to provide an analysis of any company’s financial position, operations or prospects and this is not to be construed as a recommendation by Untapped Wealth or an offer or solicitation to buy or sell any security. Amazonica, Inc., (AMZZ), the company featured in this issue, appears as paid advertising by Servus Global Technologies Corp. to provide public awareness for AMZZ. Untapped Wealth and Capital Financial Media (CFM) have used outside research and writers using public information to create the advertisement coming from Untapped Wealth about AMZZ. Although the information contained in this advertisement is believed to be reliable, Untapped Wealth and CFM makes no warranties as to the accuracy of any of the content herein and accepts no liability for how readers may choose to utilize the content. All commodity, stock prices and theoretical projections were current as of the writing of this advertisement. Prices and projections may not be current as of the dissemination of this advertisement. Readers should perform their own due-diligence, including consulting with a licensed, qualified investment professional or analyst. Further, readers are strongly urged to independently verify all statements made in this advertisement and perform extensive due diligence on this or any other advertised company. Untapped Wealth is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Many states have established rules requiring the approval of a security by a state security administrator. Check with http://www.nasaa.org or call your state security administrator to determine whether a particular security is licensed for sale in your state. Many companies have information filed with state securities regulators and many will supply investors with additional information on request. CFM has managed a total production budget of up to $600,000 for advertising efforts and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. Untapped Wealth is paid $5,000 as an editorial fee from CFM and also expects to receive new subscriber revenue as a result of this advertising effort. *More information can be received from AMZZ’s investor relations firm. Further, specific financial information, filings and disclosures as well as general investor information about publicly traded companies like AMZZ, advice to investors and other investor resources are available at the Securities and Exchange Commission website www.sec.gov and www.nasd.com. Any investment should be made only after consulting with a qualified investment advisor and after reviewing the publicly available financial statements of and other information about the company and verifying that the investment is appropriate and suitable. Investing in securities is highly speculative and carries a great deal of risk especially as to new companies with limited operations and no history of earnings. The information contained herein contains forward-looking Information within the meaning of section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, AMZZ notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that could cause actual results to differ include the size and growth of the market, the Company’s ability to fund its capital requirements in the near term and in the long term; pricing pressures, technology issues etc.

PDF copy of promotion website.

amzz_chart

 

Disclaimer: I have no position in any stock mentioned and I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Gray Fox Petroleum $GFOX gets a Tobin Smith stock promotion

This morning I received emails from EmergingMarketsLLC.com and FutureMoneyTrends.com promoting Gray Fox Petroleum (GFOX). I had already seen links to an online landing page (www.grayfoxpetroreport.com) for a GFOX promotion last week. Today is the first day that GFOX has traded significant volume.

 

 

Disclosed budget: $270,665.34

Promoter: Tobin Smith

Paying party: Cenad Ltd.

Shares outstanding:  36,169,200
Previous closing price: $1.09
Market capitalization: $36 million

 

 

 

 

Excerpt from disclaimer:

This paid email advertisement by Tobin Smith (hereafter “TS”) does not purport to provide an analysis of any company’s financial position, operations, or prospects and this is not to be construed as a recommendation by TS, or an offer to sell or solicitation to buy or sell any security. Gray Fox Petroleum Corp (hereafter “GFOX”), the company featured in this issue, appears as paid advertising. Cenad Ltd. has paid $270,665.34 for the dissemination of this info to enhance public awareness for GFOX.

Disclaimer:

IMPORTANT NOTICE AND DISCLAIMER: This paid email advertisement by Tobin Smith (hereafter “TS”) does not purport to provide an analysis of any company’s financial position, operations, or prospects and this is not to be construed as a recommendation by TS, or an offer to sell or solicitation to buy or sell any security. Gray Fox Petroleum Corp (hereafter “GFOX”), the company featured in this issue, appears as paid advertising. Cenad Ltd. has paid $270,665.34 for the dissemination of this info to enhance public awareness for GFOX. Although the information contained in this advertisement is believed to be reliable, TS makes no warranties as to the accuracy of any of the content herein and accepts no liability for how readers may choose to utilize it. The information contained herein is based exclusively on information generally available to the public and does not contain any material, non-public information. Readers should perform their own due-diligence before investing in any security including consulting with a qualified investment advisor or analyst. Readers should independently verify all statements made in this advertisement and perform extensive due-diligence on this or any other advertised company. TS has received twenty thousand dollars for this and related marketing materials. TS also expects to receive new subscriber revenue, the amount which is unknown at this time, as a result of this advertising effort. TS nor any of their principals, officers, directors, partners, agents, or affiliates are not, nor do we represent ourselves to be, registered investment advisors, brokers, or dealers in securities. TS is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Research and any due diligence was conducted by an outside researcher for this advertisement. More information can be received from GFOX’s website at www.grayfoxpetro.com. Further, specific financial information, filings and disclosures as well as general investor information about publicly listed companies and other investor resources can be found at the Securities and Exchange Commission website at www.sec.gov and www.nasd.com. Any investment should be made only after consulting with a qualified investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Many states have established rules requiring the approval of a security by a state security administrator. Check with www.nasaa.org or call your state security administrator to determine whether a particular security is licensed for sale in your state. This advertisement is not intended for readers in any jurisdiction where not permissible under local regulations and investors in those jurisdictions should disregard it. Investing in securities is highly speculative and carries a great deal of risk, which may result in investors losing all of their invested capital. Past performance does not guarantee future results. The information contained herein contains “forward-looking” statements and information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding expected continual growth of the featured company. “Forward-looking” statements are based upon expectations, estimates and projections at the time the statements are made and involve risks and uncertainties that could cause actual events to differ materially from those anticipated. “Forward-looking” statements may be identified through the use of words such as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should, or might occur. Any statements that express or involve predictions, expectations, beliefs, plans, projections, objectives, goals or future events or performance may be “forward-looking” statements. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the publisher notes that statements contained herein that look forward in time, which include other than historical information, involve risks and uncertainties that may affect the company’s actual results of operations. Factors that could cause actual results to differ include, but are not limited to, the size and growth of the market for the company’s products and services, regulatory approvals, the company’s ability to fund its capital requirements in the near term and the long term, pricing pressures and other risks detailed in the company’s reports filed with the Securities and Exchange Commission. All other trademarks used in this publication are the property of their respective trademark holders. TS is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by TS to any rights in any third-party trademarks..

PDF copy of promotion website.

gfox

 

Disclaimer: I have no position in any stock mentioned and I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

SEC Suspends trading in Sovereign Lithium Inc $SLCO

Disclosure: I am short SLCO.

The string of suspensions of promoted stocks during the promotion or soon after continues with the SEC suspending trading in Sovereign Lithium Inc. (SLCO) last Friday. Judging by postings on InvestorsHub and Twitter, there was a new mailer promoting SLCO sent by James Rapholz’s Economic Advice. Despite the new ticker and name and mailer pump, the company has been around and was the subject of a mailer pump under the name Great American Energy and ticker SRBL starting back in February 2013.

Here is a chart showing the recent re-pump of SLCO:

slco_3mo

And the chart below shows the previous pump as well:

slco_11mo

 

While the SEC’s trading suspension press release included the usual language about “concerns regarding the accuracy and adequacy of information in the marketplace” it also highlighted “potentially manipulative transactions in Soverign Lithium’s common stock,” which is something rarely mentioned in these releases. The recent excellent article on TheStreet.com about promoter Awesomepennystocks.com (APS) mentioned that FINRA had sent “fraud surveillance section referral reports” to the SEC on numerous APS pumps. Perhaps after its slowness to act on the APS pumps came to light the SEC has decided to take a much closer look at manipulative trading in penny stock pump and dumps. If that is the case we should see a bunch more suspensions soon, likely including Pan Global Corp (PGLO).

 

From the trading suspension release:

The Commission temporarily suspended trading in the securities of Sovereign Lithium because
of concerns regarding the accuracy and adequacy of information in the marketplace and
potentially manipulative transactions in Sovereign Lithium’s common stock.

 

SEC trading suspension release (pdf)
SEC trading suspension order (pdf)

 

Disclaimer: I am short 2153 shares of SLCO at Interactive Brokers that I intend to cover soon after the stock reopens for trading. I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

SEC Suspends trading in Far Vista Petroleum $FVSTA

The string of suspensions of promoted stocks during the promotion or soon after continues with the SEC suspending trading in Far Vista Petroleum Corp (FVSTA) today. FVSTA was most recently promoted on October 31st by PennyStockFinder.com (with no compensation disclosed) and on October 23rd by PennyPickFinders.com for which they were compensated $25,000. It is pretty obvious that the reason for the trading suspension is the rather silly press releases put out by the company recently. The mysterious buyout offers for over ten times the market price of the shares are certainly the press releases that got them suspended but I also appreciate their “monstrous oil discovery” press release. See them below:

 

 

Kudos to Nate Michaud for predicting the trading suspension.

 

From the trading suspension release:

The Commission temporarily suspended trading in the securities of FVSTA because of questions
that have been raised about the accuracy and adequacy of publicly disseminated information
concerning, among other things, FVSTA’s business prospects, operations, and control.

 

SEC trading suspension release (pdf)
SEC trading suspension order (pdf)

[Edit 2013-11-11]: Lukoil made a statement today disavowing any relationship with FVSTA:

In response to numerous queries, the OAO LUKOIL Press Service would  like to report that the company is not holding any talks with Far Vista  Petroleum Corp. regarding joint projects, nor has it given Far Vista Petroleum  any information on the results of its production activity.

LUKOIL shall not be liable for any possible negative implications  of investment decisions taken in relation to publications of Far Vista Petroleum  Corp

 

Disclaimer: I have no position in any stock mentioned and I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

SEC Suspends trading in ARX Gold Corp $DUCP

This is another late post on an SEC trading suspension of a promoted stock. My apologies for that. ARX Gold was most recently promoted back in April 2013. Amusingly, penny stock pump and dump shill analyst Ron Goldman gave the company a $0.30 price target back then. For the record in case he removes the report from his website, here is a copy of Goldman’s report (pdf) on DUCP. Goldman was paid $8,000 to write the report on DUCP. The company was promoted by numerous F-list stock promoters back in April besides Goldman.

Unlike with most trading suspensions, the SEC was quite detailed in explaining why it suspended trading in DUCP:

The Commission temporarily suspended trading in the securities of ARX Gold because of questions regarding the authorship of, and accuracy of information contained in, an exhibit, dated June 15, 2012 and entitled “Feasibility Study ARX Springs & ARX Pacific Properties For Mining Project Located in Wide Bay Burnett Region, Queensland, Australia,” to ARX Gold’s Form 10-K filed on September 4, 2013 and an exhibit, dated May 7, 2012 and entitled “Definitive Feasibility Study on the ARX Springs and ARX Pacific Properties located in Wide Bay Burnett Region, Queensland, Australia,” to its Form 8-K filed on May 30, 2012. On October 3, 2013, ARX Gold filed an amended Form 10-K purporting “to delete an exhibit which
was erroneously filed” with the 10-K filed on September 4, 2013 (emphasis added) without explicitly identifying or explaining that the Feasibility Study was the exhibit it sought to delete. ARX Gold has not amended its May 2012 Form 8-K and its October 2013 amendment to the Form 10-K does not disclaim the purported facts described in the earlier Feasibility Study filed with the Commission.

SEC trading suspension release (pdf)
SEC trading suspension order (pdf)

ducp

 

Disclaimer: I have no position in any stock mentioned and I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

SEC Suspends trading in Crown Alliance Capital $CACL

This post is over a week late but I thought it important to post for the record. The SEC has continued to suspend trading in pump and dumps much more frequently and earlier in the pump than it has in past years. This is now an unmistakable trend. Crown Alliance Capital (CACL) was suspended on October 22nd, a day after it traded 491,000 shares as it was promoted again (it had been promoted back in July as well).

SEC trading suspension press release (pdf)
SEC trading suspension order (pdf)

The reason for the suspension:

The Commission temporarily suspended trading in the securities of Crown Alliance because of questions regarding the accuracy of assertions in Crown Alliance’s public filings concerning the company’s assets and shareholders and because of potentially manipulative conduct in the trading of Crown Alliance’s shares.

The day of the trading suspension, prior to the suspension, I received this email (pdf) promoting CACL.

cacl

Disclaimer: I have no position in any stock mentioned and I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Life Stem Genetics $LIFS pays to promote itself

This morning I received emails promoting Life Stem Genetics and linking to http://www.contrarianwealthcoalition.com/guide/LIFS.pdf

 

Disclosed budget: $300,000

Promoter: Contrarian Press

Paying party: Life Stem Genetics (the company being promoted)

Shares outstanding:  44,537,500
Previous closing price: $1.09
Market capitalization: $48 million

 

lifs

 

Excerpt from disclaimer:

The publisher, Contrarian Press, has been engaged by Life Stem Genetics to assist with the identification of potential market participants who may be interested in learning more about the company and its securities. The total budget for costs associated with that endeavor is $300,000 and the publisher will retain the excess, if any, after all costs are paid.

Disclaimer:

IMPORTANT NOTICE AND DISCLAIMER: This publication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. This publication, its publisher, and its editor
do not purport to provide a complete analysis of any company’s financial position. The publisher, Contrarian Press, has been engaged by Life Stem Genetics to assist with the identification of potential
market participants who may be interested in learning more about the company and its securities. The total budget for costs associated with that endeavor is $300,000 and the publisher will retain the
excess, if any, after all costs are paid. The publisher and editor are not, and do not purport to be, broker-dealers or registered investment advisors. Any investment should be made only after consulting
a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Investing in securities is speculative and carries a high
degree of risk. Past performance does not guarantee future results. This publication is based exclusively on information generally available to the public and does not contain any material, non-public
information. The information on which it is based is believed to be reliable. Nevertheless, the publisher cannot guarantee the accuracy or completeness of the information. This publication contains
forward-looking statements, including statements regarding expected continual growth of the featured company and/or industry. The publisher notes that statements contained herein that look forward
in time, which include everything other than historical information, involve risks and uncertainties that may affect the company’s actual results of operations. Factors that could cause actual results to differ
include the size and growth of the market for the company’s products and services, the ultimate degree of success in the company’s research and development, the company’s ability to fund its capital
requirements in the near term and long term, pricing pressures, etc. Natural Contrarian and Contrarian Press are trademarks of Scott S. Fraser and Natural Contrarian, Inc. All other trademarks used in this
publication are the property of their respective trademark holders. Natural Contrarian, Inc., Scott S. Fraser, and Contrarian Press are not affiliated, connected, or associated with, and are not sponsored,
approved, or originated by, the trademark holders unless otherwise stated. No claim is made by Natural Contrarian, Inc., Scott S. Fraser or the Contrarian Press to any rights in any third-party trademarks.

PDF copy of promotion website.

lifs

 

[Edit 2013-11-4]: I received a promotional email on LIFS this morning that linked to the following website: http://lifescience-wealth.com/. Oddly, there is no compensation listed on that website:

This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. Information is obtained from sources believed to be reliable, but the information cannot be guaranteed as to its accuracy or completeness. The publisher is not, and does not purport to be, a registered investment adviser and did not accept compensation in return for this commentary. The objective of this newsletter is to present Situational Analysis and to provide progressive implementation of the author’s proprietary Situational Strategy Templates. No statement or expression of opinion, or any other matter herein, directly or indirectly, shall be construed as an offer to sell or the solicitation of an offer to buy the securities mentioned. Readers should not view this publication as offering personalized investment advice, and must individually determine the suitability of investments discussed for inclusion in their own portfolio. Past performance does not guarantee future results. Reprints or redistribution of this copyrighted material is allowed only by written permission from Contrarian Press LLC.

PDF copy of pump page.

[Edit 2013-11-18]: A promotion email this morning linked to the Andrew and Lynn Carpenter / Wall Street Revelator promotion page at www.lifsreport.com.

lifs

 

PDF copy of pump page

Excerpt from LIFSreport.com disclaimer:

Eclipse Media Group. has paid a total production budget of $1,789,000 for this advertising efforts. Andrew Carpenter’s Wall Street Revelator Advisor is paid seven thousand five hundred dollars as an editorial fee from Eclipse Media Group.

Full LIFSreport.com disclaimer:

IMPORTANT NOTICE AND DISCLAIMER: Andrew Carpenter’s Wall Street Revelator Advisory (WSR), does not purport to provide an analysis of any company’s financial position, operations or prospects and this is not to be construed as a recommendation by WSR or an offer or solicitation to buy or sell any security. Eclipse Media Group. has used outside research and writers using public information to create the advertisement coming from WSR about Life stem Genetics, Inc. Although the information contained in this advertisement is believed to be reliable, WSR and Eclipse Media Group, make no warranties as to the accuracy of any of the content herein and accept no liability for how readers may choose to utilize the content. The opinions expressed in this advertisement and special report are solely those of WSR, unless otherwise referenced. Readers should perform their own due diligence, including consulting with a licensed, qualified investment professional or analyst. Further, readers are strongly urged to independently verify all statements made in this Special Report and perform extensive due diligence on this or any other mentioned company. Eclipse Meda Group. and WSR or affiliates are not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Many states have established rules requiring the approval of a security by a state security administrator. Check with http://www.nasaa.org or call your state security administrator to determine whether a particular security is licensed for sale in your state. Many companies have information filed with state securities regulators and many will supply investors with additional information on request. Eclipse Media Group. has paid a total production budget of $1,789,000 for this advertising efforts. Andrew Carpenter’s Wall Street Revelator Advisor is paid seven thousand five hundred dollars as an editorial fee from Eclipse Media Group.. *More information can be received from Life Stem Genetics investor relations firm, or at Life Stem Genetics website lifestemgenetics.com. Further specific information, filings and disclosures as well as general investor information about publicly traded companies like Life Stem Genetics., advice to investors and other investor resources are available at the Securities and Exchange Commission website www.sec.gov and www.nasd.com. Any investment should be made only after consulting with a qualified investment advisor and after reviewing the publicly available financial statements of and other information about the company and verifying that the investment is appropriate and suitable. Investing in securities is highly speculative and carries a great deal of risk especially as to new companies with limited operations and no history of earnings. The information contained herein contains forward-looking information within the meaning of section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, Life Stem genetics. notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that could cause actual results to differ include the size and growth of the market, the Company’s ability to fund its capital requirements in the near term and in the long term; pricing pressures, technology issues, etc. Product names, logos, brands, and other trademarks featured or referred to within this report are the property of their respective trademark holders. These trademark holders are not affiliated with WSR.

Disclaimer: [Edit 2013-11-18: I am short LIFS and intend to remain short for awhile.] I have no position in any stock mentioned and I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

SEC Suspends trading in Pennystocks.com pump Press Ventures Inc $PVEN

Monday at the open PremiumStockReport.com (affiliated with Aweseomepennystocks.com) promoted Press Ventures Inc (PVEN). About 30 minutes later Pennystocks.com (also affiliated with APS) joined the promotion. Subscribers of PremiumStockReport.com were quickly met with 50%+ losses as the stock dropped hard, but Pennystocks.com subscribers didn’t receive the pump emails until after the initial dump. PVEN had been rumored for months to be the next APS pump and it had numerous ties to other APS pumps. This is now the third Awesomepennystocks pump in a row that has had trading suspended by the SEC not long after the pump began. Most recently PCWT was suspended and PWEI was suspended prior to that.

SEC trading suspension release (pdf)
SEC trading suspension order (pdf)

The reason for the trading suspension:

The Commission temporarily suspended trading in the securities of PVEN because of concerns
regarding potentially manipulative transactions in PVEN’s common stock.

pven

Related articles:

The End of Awesomepennystocks.com: John Babikian flees Canada
Has stock promoter Awesomepennystocks.com retired?

I traded it horribly but ended up making over $7,000 in profits by shorting PVEN at Interactive Brokers and Centerpoint Securities. I covered my last shorts yesterday unfortunately.

Below are the charts of PWEI and PCWT before and after their trading suspensions. PVEN will very likely gap down in excess of 80% when it reopens in two weeks just as PWEI and PCWT did.

pcwt

pwei

Disclaimer: I have no position in any stock mentioned and I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.