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”:
United American Petroleum (UAPC)
United American Petroleum is an exploration company with interests in US oil and gas properties. UAPC holds working interests in property covering approximately 222 acres of land in Texas. The company was incorporated in 2010 and is based in Austin, Texas.
Back in April, we exposed a paid promotion being run by Wyatt Investment Services on UAPC.
Right now, shares of this penny stock trade near $1.30.
Ultimate Penny Stock (via Mondo Marketing) was paid $700,000 to pump shares of UAPC.
Universal Bioenergy (UBRG)
Universal Bioenergy is a California-based independent diversified energy company. In 2007, UBRG changed its name from Palomine Mining Inc. to Universal Bioenergy. In 2011, UBRG posted a $2.03 million loss.
Shares of this penny stock are now trading around $0.02 each.
Club Penny Stocks was paid $22,500 by Equity Awareness Group to hype UBRG.
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,