Here we identify a couple of the “bogus” promotions 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”:
Titan Iron Ore (TFER)
Titan Iron Ore is an iron ore exploration company looking to develop mining properties. TFER was formerly known as Digital Yearbook, Inc. and changed its name to Titan Iron Ore on June 15, 2011. We exposed a pump and dump on this penny stock last year.
It looks like the pumpers are going back to work on TFER again.
Shares of this penny stock currently trade near $1.44.
The Bull Report was paid $15,000 to pump shares of TFER.
Sunpeaks Ventures (SNPK)
Sunpeaks Ventures, and their wholly owned subsidiary Healthcare Distribution Specialists, LLC, distribute specialty drugs and over-the-counter branded vitamins. SNPK generates no revenue at this time. In addition, the company issued a $200,000 10% convertible note on March 1st.
This penny stock trades around $0.65 right now.
Free Investment Report was paid $50,000 to hype shares of SNPK.
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,