GLDN, SNET – Pump And Dump Alerts – May 23, 2012

| May 23, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies: Gold Dynamics (GLDN) and SourcingLink.net (SNET).

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”:

Gold Dynamics (GLDN)

Gold Dynamics is a developmental stage gold exploration company.  GLDN currently has $0 in assets and is carrying a $118,543 accumulated loss.  The company was formerly known as Reno Ventures, Inc.  Previously, the company operated as a vitamin infused alcoholic beverage firm.

Shares of this penny stock are trading near $0.03.

OTC Equity was paid $40,000 by Paragon Development, Inc. to pump shares of GLDN.   

SourcingLink.net (SNET)

SourcingLink.net Inc. is a holding company.  Through its subsidiaries, SNET operates a car share and automobile membership services.  The service allows members access to a fleet of vehicles at the fraction of the cost of ownership and renting.  SNET stopped filing with the SEC in June of 2005.

Shares of this penny stock trade down near $0.0042.

Moving Pennies was paid $5,500 to pump shares of SNET.

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,

Brian Walker

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Category: Pump & Dump Alerts, Pump & Dump Daily

About the Author ()

Brian joins the Penny Stock Research team as a seasoned independent trader and financial analyst. Brian graduated with a B.S. from the University of North Florida and now resides in Scottsdale, Arizona. With a background in economics and statistics, he has a keen ability to uncover profitable and growth-focused companies. He has years of real life know-how in analyzing fundamental and technical data that gives him an edge drilling down on companies and financial results. With over 15 years trading experience, Brian has become an expert in the ever-changing equities markets. Today, he scours the markets hunting for penny stocks that offer low risk and high reward.
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