The following is an overview of the paid stock promotions which were initiated between the closing bell yesterday and the forthcoming session. So far four promotional campaigns have been detected:
Global Security Agency Inc.(OTC:GSAG) The promotion of GSAG was initiated by a promoter called Elite OTC. The campaign had been ordered by Wingrave Capital Corporation for the amount of $20,000.
This is the first promotion of GSAG this year, so the campaign may have a strong effect on the market.
Florida Micro Inc (PINK:FLMC) The second promoted company is from the pink exchange. Five promoters have been involved in the campaign, including Small Cap Voice, Gusher Stocks and others. The promoters had been compensated $5,000 by a third party called Downwind holdings for a one-week campaign.
FLMC is also promoted for the first time and is apparently desperately in need of a market awareness campaign as you can see the low liquidity of FMLC stock on the chart below.
Modern Mobility Aids (OTC:MDRM) MDRM was promoted last Thursday and investors can see the devastating effect of the campaign on the chart. Apparently this didn't hinder the influx of promotional letters on the company.
Today another promotional newsletter was spread out by Breaking Bulls who had received $2,500. For comparison, last week the promotion had cost $20,000.
Viaspace Inc. (OTC:VSPC) Only a $1,000 promotion but still a promotion at hand. VSPC is another company which was promoted last week without any positive effect on the stock. In fact on Friday VSPC fell down 12%. This time the promotion is led by The Green Baron, who had receive $1k and 2 million restricted shares.
In addition, the campaign on VSPC has been compensated by both cash and restricted shares which is a potential dilution bomb for investors.
*Penny stocks investors should be extremely careful with promoted stocks as they become more volatile than usual. If market speculators still want to participate in the promotion they are advised to enter and exit the stock at the opening bell as quickly as possible.
While amazon .com may be a good company. I do Not believe that it is anymore than an average stock as far as expected returns go. I would prefer a company called PFS web Symbol {PFSW.} The Company provides business process outsourcing and ecommerce solutions in the United States, Canada, and Europe. The stock trades around 3.30 a share. I believe that the stock could reach 30 dollars over the next five years
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