Here we identify a few of the “bogus” promotions that are 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”:
RACK develops software for IT infrastructures, data center monitoring, and data center cost efficiency. Rackwise allows companies to optimize their use of components such as power, cooling, space, servers, networks, and cables. The company lost over $2.2 million in their most recent quarter.
This penny stock is currently trading around $0.90.
OTC Reporter was paid $70,000 to hype shares of RACK.
Save The World Air (ZERO)
Save The World Air creates technology focused on energy efficiency. ZERO’s work is mainly on large-scale energy production and improved fuel economy for diesel fleets. ZERO, in development with Temple University, provides an efficient and cost-effective means of improving emission quality standards.
The shares currently trade near $0.41.
Stock Guru was paid $7,500 to promote ZERO.
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,