MSTG, SRGL – Pump And Dump Alerts – April 4, 2012

| April 4, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies: Mustang Alliances (MSTG) and Source Gold (SRGL).

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”:

Mustang Alliances (MSTG)

Mustang Alliances is a gold exploration company with operations in Honduras.  MSTG filed a form 12b-25… or notification of late filing to the SEC.  It means the Mustang hasn’t been able to prepare their earnings report on time.

Last month we advised shares of MSTG were trading at $1.40.  Right now, shares of this penny stock trade near $0.79.

The latest pump and dump promotion comes from Wall Street Penny Stock Advisors and Stock Castle.  Each has been paid $300,000 to hype MSTG shares. 

Source Gold (SRGL)

Source Gold is a junior mineral exploration company. SRGL has property in the vicinity of the Vulture Mine located near the town of Wickenburg, Arizona.  The Company intends on exploring its mineral properties and has not yet determined the existence of economically recoverable reserves.

This penny stock is currently trading around $0.09.

Beacon Equity was paid $75,000 by Ouisache Advisors to hype shares of SRGL.

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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