RACK, ZERO – Pump And Dump Alerts – December 27, 2011
Welcome to today’s Pump and Dump Alerts, where we will be exposing these two companies: Rackwise (RACK) and Save The World Air (ZERO).
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”:
Rackwise (RACK)
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,
Brian Walker
Category: Pump & Dump Alerts, Pump & Dump Daily
I read your pump and dump report for rackwise and wondered if I could read the report the otc reporter read on the stock. Also I’m curious how it is possible to find out how much he was paid. (in this case $70K) I am new to investing in penny stocks but some of them do look promising. Mike
Hi Mike,
You can always find out how much any pumper is paid by looking at their disclosures, which is normally at the bottom of a pump and dump email, website, etc in extremely small print (so you can’t read it!). Full disclosure is required by the SEC and failure to disclose is illegal!
Brian Walker, sorry to hear you feel that way about STWA there stock was pumped no more then rest while waiting to sign a contract and it’s happening as we speak….. but yes stock was pumped by the same people all the time, there’s nothing stwa could do about it.