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: Pan Global, PGLO
The pumpers are really trying to real you in on this bad boy…
They’re so desperate, they’re using shoddy technical analysis to get unsuspecting sheep sucked into buying this stock. But I pulled up the 6 month chart on this dog, so take a look-
Boy that certainly looks like a reel “technical” winner of a stock- in their dreams that is!
Obviously, a shoddy stock chart isn’t all we want to make you aware of before you buy this penny stock. Here’s the rest…
Red Flag #1: Paid PUMP!
007 Stockchat was paid more than once to pump PGLO, but in their latest promotion they were paid $10,000 to push this company’s stock… and $13K in previous paid pumps!
Here’s the details from the disclaimer for you to read-
Currently Global Oasis Group, Inc is being compensated ten thousand dollars from AA Capital, LLC (a non-affiliated third party) for PGLO advertising and promotional services.
Red Flag #2: All Talk, No Action
When a paid stock promoter’s best weapon is telling you how “bullish” a stock is, or how it’s “set to explode”- and they can’t back it up with company performance… that’s a telltale sign to run the other way. But for PGLO, I dug into their latest financials and found enough reason to completely ignore this stock and leave it for dead.
Here’s the deal…
- $50K in cash on hand, $111K in current assets- but $1M in liablilities
- $0 revenue over the past two years of reporting
- Fourth quarter loss of $153K in 2013 – as PGLO isn’t making money
If you need more than what I’ve laid out for you so far to avoid buying this stock- then go right ahead… nothing’s stopping you. And best of luck with that- let me know it turns out!
For the rest of my smart readers, you know PGLO is a disaster waiting to happen for your portfolio.
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!”