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”:
Cal-Bay International (CBYI)
Cal-Bay is a real estate acquisition and development corporation. As of 2011, the company is pursuing real estate and technology related to the Green Sector. CBYI has not filed SEC documents since 2007. In 2011, Cal-Bay lost $707,881.
Shares of this penny stock are trading near $0.0003.
Alpha Penny Stock was paid $5,000 to hype shares of CBYI.
Great Wall Builders (GWBU)
Great Wall Builders is a developmental stage company that plans to provide affordable homes with a solar integrated system in Texas. GWBU is looking at opportunities in the United States as well as in China. As of December 2011, the company had $0 cash and an accumulated deficit of over $126,000.
Currently, shares of this penny stock trade near $1.47.
Free Investment Report, a Centro Azteca S.A. company, was paid $100,000 to pump GWBU.
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,