Here we identify a couple of the potentially “bogus” promotions going on in penny stocks today.
If you don’t know how these schemes 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”:
Andes Gold (AGCZ)
Andes Gold, through its wholly owned subsidiary, Compaqia Minera P.L., controls a gold mining and exploration concession in Ecuador called the Miranda Alto. AGCZ is itself, a subsidiary of New World Gold Corp. AGCZ stopped filing SEC documents in 2005.
We exposed a pump and dump promotion being run on shares of Andes back in March and April this year. At the time, shares of AGCZ traded at $0.06. Currently, this penny stock trades near $0.02.
Primary Investments LLC, owner of Moving Pennies, was paid $5,000 to pump AGCZ.
Green Energy Renewable Solutions (EWRL)
Green Energy Renewable Solutions is a developer of municipal solid waste, construction, and demolition waste processing and recycling facilities. EWRL operates with long-term supply agreements to process waste materials into valuable recyclables with a goal to reduce waste volume going into landfills by up to 80%.
For the first quarter of 2012, Green Energy lost $1.2 million.
Currently, shares of this penny stock trade around $0.78, up 68% on June 28th.
Simply Best Penny Stocks was paid $40,000 to tout shares of EWRL.
A final word (and warning).
These are just a few of the potential “pump and dumps” we’ve seen lately.
Remember, there’s a lot more of this going on than we can highlight here.
For more in-depth coverage of potential 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 schemes and scams out there these days!
Until next time,