Here we identify a few 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”:
FrogAds is a development stage company providing online classified ads. FROG has yet to generate sales from online ad posting. In addition, the company changed its name from Imobolis to FrogAds in October 2011.
We exposed FROG last month for a paid promotional scheme to pump shares. At the time, the stock traded around $0.41.
This penny stock is currently trading around $0.28.
BlueWave Advisors was paid $45,000 to pump shares of FROG.
Sunbelt International (SUNB)
Sunbelt International manufactures Wind Turbines and Solar Prowinder Hybrids in China. The company was formerly known as Lux Energy Corp. and changed its name to Sunbelt International Corp. in October 2011.
Shares are currently trading near $0.16.
24-7 Stock Alert was paid $5,000 by New Light Consulting for a 1 day promo of SUNB.
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,