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”:
Onteco, through its wholly-owned subsidiary NexPhase Lighting, designs, develops, and markets LED lighting fixtures and control systems. ONTC’s products are intended for commercial applications and projects involving new construction and retrofit. The company was formerly known as InfoSpi and changed their name to Onteco in March 2011.
Right now, shares of this penny stock trade near $0.01.
OTC Equity was paid $40,000 by Quantum Consulting Group to pump shares of ONTC.
Andes Gold (AGCZ)
Andes Gold, through its wholly owned subsidiary, Compaqia Minera P.L., controls a gold mining and exploration concession in Ecuador called the Miranda Alto. AGCZ is itself, a subsidiary of New World Gold Corp. AGCZ posted a $521K profit in 2011.
Shares of this penny stock trade near $0.06.
Penny Stock MarketBulls was paid $10,000 to hype shares of AGCZ.
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,