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.
Back in April we exposed a pump and dump scheme being run on shares of ONTC. At the time, the stock traded near $0.01. Since then, the stock has lost 70% and now trades near $0.003.
Research Driven Investors was paid $30,000 this time around to pump shares of ONTC.
Breezer Ventures (BRZV)
Breezer Ventures is an independent natural resources company involved in the acquisition, exploration, development, and production of oil, natural gas, and minerals. BRZV owns and operates a well located in the Jackson Oil and Gas leases located in Texas. The company has $0 in cash on hand as of March 31st, and also lost $3,938 in the first quarter of the year.
Currently, shares of this penny stock trade around $0.01.
PennyStock MarketBulls was paid $10,000 to tout shares of BRZV.
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,