An AER In Judgement
A very active Monday for new Pump & Dump campaigns and the public seems to have a particulrar appetite for a couple of them.
One absolutely obvious scam is AER Energy Resources (AERN), which has traded a million dollars worth of stock in the first hour of the day, all on the word of FreeInvestmentReport.com, which issued a recommendation that said nothing. Nothing!
"AERN is in the business of engaging in the acquisition, development and production of crude oil properties in North America. Internationally, AERN will evaluate properties for acquisition in Canada. AERN's efforts are focused on natural gas and oil properties which are proven developed producing properties, have proven undeveloped reserves and are economically attractive to AERN but are not strategic to major or exploration-oriented independent oil and gas companies."
Are we missing something or does this not say that the company currently owns nothing! Sounds to us like AERN is "in the process" of conducting a Pump & Dump and trying to convince the public that its air is worth something. That's right, air. Because according to this tout, that's all they have.
"AERN's mission is to grow steadily and become one of the premier independent oil and gas producers in the United States. Assuming the fulfillment of its projected working capital requirements, the Company's financial objective is to achieve on-going revenue per acquired asset after all costs have been recouped."No kidding? The company's objective is to achieve on-going revenue? Amazing! We would have thought that the company was out to lose money. What an announcement! Well the company must be worth millions then!
"With the oil and gas industry always causing a racket in the market, we feel we've come across a company that has the potential to see huge progress!"That's great but what do you base that potential on? You haven't said anything!
The reason the touts are unable to say anything concrete about AERN is that there is nothing to say. The company hasn't put out a press release in 8 years! There are, however, 440 million shares outstanding and as of this writing the company's air is now worth in excess of $20 million.
Seriously, what is wrong with people who buy into garbage like this?
Criminally negligent promoter, The Stock Psycho at PennyStockAlerts.com is pushing the worthless shares of no longer existent Independent Bancshares, (IBFL). The last time The Psycho pushed the shares of an out of business bank, he deemed it an accident, but only once we publicized his criminal activities. He even brags about the success of the scheme on (CAPB) in his current email in which he touts IBFL. A lot of people lost a lot of money to this thief in the CAPB scam and now he's bought up shares of IBFL and will try and steal some more money.
Speaking of illegal, a spam email campaign has begun on eLayaway (ELAY), in which the tout who is pimping the stock is unidentified. Guaranteed this stock ends up on the regulators' restricted lists, as almost all spammed stocks do, so the best advice is to stay away form this one.
The touts are capitalizing on the endless appetite that suckers have for "almost free" stocks like Augrid Global Holdings (AGHD) which has been trading at 1/100th of a penny to 2/100th of a penny for a long time. The lottery players figure that this "almost zero" stock has nowhere to go but up, but they don't realize that if you buy a stock at 2/100ths of a penny and then sell it for 1/100ths less, you've lost 50% of your money. And that's what will happen to most who buy this stock.
AGHD has 3 billion shares outstanding after having completed 8 reverse splits over the last 9 years. Much like other hundredths of a penny stock pipe dreams such as KGRI and others we have profiled here, this will continue to undergo reverse splits and earn insiders profits hundredths of pennies at a time while creating significant investor losses.
Since Friday's close:
StockMister.com has been touting NWPZ in conjunction with a new, but repeat Pump & Dump campaign.
PennyStockAlerts.com has been touting IBFL in conjunction with a new criminally negligent and fraudulent campaign.
FreeInvestmentReport.com has been touting AERN in conjunction with a new Pump & Dump campaign.
Illegal Spam Emails have been reporting touting ELAY in conjunction with a new Pump & Dump campaign.
PennyStockSecret.com has been touting BRZV in conjunction with a new Pump & Dump campaign.
OtcEquity.com and at least 3 other paid touts have been touting AGHD in conjunction with a new Pump & Dump campaign.
StocksGoneWild.com and at least 1 other paid tout have been touting RVBR in conjunction with a new, but repeat Pump & Dump campaign.
PennyChase.com has been touting ALYI in conjunction with a new Pump & Dump campaign.
QualityStocks.net has been touting SGCA in conjunction with a new Pump & Dump campaign.
InvestorIdeas.com has been touting AEMD in conjunction with an ongoing promotion.
StockGuru.com has been touting NBRI in conjunction with an ongoing Pump & Dump campaign.
JuicyStockPicks.com has been touting ITNS in conjunction with an ongoing Pump & Dump campaign.
HotShotStocks.com has been touting BYRG in conjunction with an ongoing Pump & Dump campaign.
BeaconEquity.com has been touting MMED in conjunction with an ongoing Pump & Dump campaign.
AwesomePennyStocks.com has been touting POTG in conjunction with an ongoing Pump & Dump campaign.
BedfordReport.com has been touting NYXO in conjunction with a long term Pump & Dump campaign.
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