Here we identify a couple of the “bogus” promotions 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”:
5Barz International (BARZ)
5Barz distributes a line of cellular network extenders under the 5BARz brand. BARZ sells their products in the United States, Latin America, and Canada. The company primarily offers 5BARz Road Warrior, a plug and play device designed for users on the go.
Shares of this penny stock currently trade near $0.41.
Penny Stock Newsletter was paid $100,000 to hype shares of BARZ.
Bioflamex is a development stage company that develops, produces, and markets fire extinguishing products. BFLX fire extinguishers are produced under the Bioflamex name for small scale, large scale, and bulk uses.
Currently, shares of this penny stock are trading at $0.52.
Global Investment Advisors was paid $50,000 by CNF, Inc. to pump shares of BFLX.
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,