Here we identify a few of the “bogus” promotions that are going on in penny stocks today.
If you don’t know how these scams work, be sure to check out this free report that exposes the whole thing.
Without further ado, here are today’s “disasters waiting to happen”:
Abot Mining (ABOT)
Abot Mining is an independent exploration company with a primary focus on acquiring and developing semi-precious mineral properties. The company’s current focus is on the Las-Lagunillas mining project in Peru.
This penny stock is currently trading around $0.033.
Cheap Stock Alert was paid $1.5 million by Bahadura Investments to promote ABOT.
Steele Resources (SELR)
Steele Resources is a gold and silver exploration and development company. SELR operates in the United States. The company holds an interest in the Mineral Hill gold project located in Madison County.
The shares currently trade near $0.11.
Stock Roach was paid $7,500 to pump SELR.
A final word (and warning).
These are just a few of the current inglorious “pump and dumps”.
Remember, there’s a lot more of this going on than we can highlight here.
For more in-depth coverage of penny stock pump and dumps, be sure to sign up for our free newsletter, Penny Stock Research.
As you know, penny stocks are a great place to invest your money. You just have to do your due diligence to stay away from all the scams out there these days!
Until next time,