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Pump And Dump Alert – OGNG

A.J. Watkinson March 3, 2014 Pump and Dumps No Comments
Pump And Dump Alert – OGNG

In the world of penny stocks, you’re sure to find oodles of great, unknown companies to invest in.  But there are also penny stock scams designed to bilk hard-earned cash from investors.  And usually you’ll know its hit you after you’ve watched your investment evaporate into thin air!

We know what to look for, and tell you who’s out there pumping stocks using paid promoters.

It’s our job to expose penny stock pump and dump scams… 

And we take real pleasure in putting the smackdown on the latest penny stock pump and dump scams.

As you read, you’ll see the big red flags we’ve come across on these companies.  And with all the great penny stocks out there… there’s no reason to put a single dime into any of these companies!

This week, we’re exposing a pump and dump scams on: Bravo Enterprises (OGNG)

Water, water everywhere, but not a drop to drink.   Apparently Bravo thought it a good idea to get into the “atmospheric water harvesting”.  OGNG signed an exclusive license agreement with Water For The World Manufacturing Inc.

Hooray!

Now if it were that simple (as the pumpers want you to believe), we wouldn’t be talking about this penny stock.

So take a look at what I found…

Red Flag #1: Paid PUMP!

Damn Good Penny Picks is just one of the pumpers getting paid to promote this stock.  In fact, they were paid $25,000

Here’s the disclaimer for you to check out-

“We have been compensated twentyfive thousand dollars for the dissemination of this report by an unaffiliated third party.”

That’s $25,000 if you can’t read word math… a favorite for pumpers to hide how much they’ve been paid!

Red Flag #2: Recycled Ticker Symbol From A Failed Companies

Not surprising, Bravo’s ticker symbol comes from a previously failed company.  Just look at the ticker symbol… OGNG has nothing to do with the name Bravo!

But it does have to do with Organa Gardens International….

That’s the ticker symbol for the previous company- and once failed… Bravo stepped in and took over the SEC registered symbol.

This ticker symbol is like a bad game of musical chair.  Check out this history!

  • Bravo Enterprises (current)
  • Organa Gardens
  • Shotgun Energy
  • Avalon Energy
  • Avalon Gold Corporation
  • Iceburg Brands
  • Precise Life Sciences
  • Asdar Group
  • Venture Investments Inc. (Nevada 1983)

Boy… that’s some kind of a mixed up mess!  And something scary for potential investors need to be weary of.  Remember- there’s a lot of accumulated debt with a stock like this!

That brings us to my next point…

Red Flat #3:  Terrible Financial Data

Bravo’s sitting on a whopping $25.5 million of incurred losses since inception!  You heard that right!

The current company isn’t helping matters.  Here’s the dirt found in OGNG’s latest financial statement-

  • $345,854 9 month loss
  • $282,842 operation loss for the first 9 months of 2013
  • A decrease of $85,480 cash from 2012

But the final note you should pay attention to is the company admits the “need to raise capital in the next 12 months in order to continue as a going concern”…

Meaning they’ll be out of business if investors don’t pony up more cash!  All I know is, that better not be you my good friend- or you’ll be kissing it goodbye.

The Wrap Up:

Too many investors get sucked into these nightmare penny stocks scams.  They fall for the overly optimistic projections the paid promoters are selling.  In the search of easy money, investors lose sight of what a real return should be… and end up holding the bag.

When investing in pumped penny stocks, it’s the ultimate case of “let the buyer beware!”

Summary
Article Name
Pump And Dump Alert – OGNG
Author
Description
Putting the smack down on Penny Stock Pump And Dump Schemes. This week’s article is about OGNG.

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About The Author

A.J cut his teeth while working for more than 12 years on the corporate side of the financial services industry in the suburbs of New York City. In addition, A.J. has successfully traded stocks, options and currencies as an independent trader since the late 90's. Eventually A.J. moved out of the "rat race", landing in North Scottsdale, Arizona. During the past few years, he's worked as the editor of a number of high profile financial newsletters. In this role, he's run trading services for penny stocks, options, currencies, ETFs, and FOREX. While under his direction, each of these trading services had turned in positive performance... something very rare in the financial newsletter industry. In addition, he's been a regular contributor to a number of financial websites- writing under multiple pen names. A.J.'s current goal is to share his real world experiences and success (and failures) in the various financial markets to help others not only make money- but avoid losing it. It's this vision and passion that has led A.J. to launch pennystockreporting.com. Most of all, A.J. hopes to keep the little guy from getting caught up in the highly unscrupulous penny stock pump and dump scene.

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