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”:
Fireman’s Contractors (FRCN)
Fireman’s Contractors is a development stage, full-service painting company. They offer parking lot striping and parking lot maintenance services. The company plans on franchising their business. This penny stock is currently trading around $0.11.
Investor Soup was paid $20,000 by The Quantum Consulting Group to hype FRCN.
Applied Nanotech Holdings (APNT)
Applied Nanotech Holdings researches and develops nanotechnology products in the areas of nano-materials and nano-electronics. The company focuses on the development of nano-particle and carbon nano-tube technology for electronics, sensor, and medical industries. The shares currently trade near $0.29.
RedChip Visibility was paid $22,500 by APNT directly for a year’s worth of promotions.
Atlas Technology Group (ATYG)
Atlas Technology Group is the parent company of Racing Limos America. They franchise a mobile advertising business that uses race car themed stretch limousines with mobile advertising. Their stock trades around $0.0075.
Penny Stock Rumors was paid $2,500 to plug ATYG.
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.
Until next time,