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Thursday, November 17, 2011
Today's PUMPs & dumpS

Atlas Technology Insiders
Race To The Bank In Their Own Limos
also: 
Greenway Insiders 
Have Designs On More Of Your Money

In a classic hunt for suckers, Atlas Technology Group (ATYG) began a Pump & Dump campaign on Wednesday, one day after filing a Notification of Late Filing vis a vis their overdue quarterly financials.  Obviously, the company will not have much encouraging to say in that filing and hence the haste to pump their stock.  Insiders did find suckers at the open as the share price soared on decent volume before the predictable bid whacking began.  The stock closed down 34% on the day but 55% off of the high of the day.  Still, after the close, the touts bragged about their excellent "pick" and patted themselves on
the back for the opening gap up, while downplaying all the pigeons who got stuck with severely discounted paper at the end of the day.  Things don't look to be improving for the bag holders either.  Expect more downside on Thursday as the yesterday's buyers head for the exits, hand in hand with the insiders who will continue to dump their stock.  We wouldn't be surprised to see another 50% decline in share price on Thursday.

It's hard to imagine that there are still so many who refuse to do due diligence before burying their hard earned money into such schemes.  A look at ATYG's previous financials, filed in August for the period ending June 30, 2011, reveals a black hole of a business.  The company's lone asset, a franchisor of race car themed limousines, makes no money. as evidenced by the $3,695 in revenues reported for the quarter.  The company tries to magically offset the over $1.6 million in debt it reports, by listing $4 million in "intangible assets", whatever that means.  It certainly doesn't mean limos because they are quiet tangible. The company defines intangible assets as patents, trademarks and goodwill.  Well we couldn't find any patents or trademarks attributable to the company and they better cancel out goodwill because we are certain that yesterday's participants in the Pump & Dump are not feeling too much of that.  So we'll revalue the intangible to, oh say zero.

There's seem to be so many shenanigans going on here, that we're betting that AYTG is about to be blacklisted by the DTC in some form, whether it be removal form the Continuous Net Settlement (CNS) System or a complete chill.  We may even see the SEC step in with a designation of a "lack of current and verifiable information".  At that point we'll be adding this to our Told You So! list.  Until then, we'll just congratulate the bag holders for their shrewd investment.

Previous Pump & Dump subject, Greenway Design Group (GDGI), a heating and air conditioning systems implementer, is going to try it again after reporting their latest quarterly financials.  The last time this thing was pumped, insiders whacked bids relentlessly following a morning gap up and many participants took an insta-bath losing as much as 50% of their investment within the space of a few hours.  Buyers got what they deserved as they carelessly took the market cap up to $100 million while the company reported having $41K in the bank and debt of $1.6 million.  The touts issued emails the next day, blaming the shorts for the demise of the stock price, but the OTC Markets reported a short position of only 49,072 shares and increase of 3% over the previous two weeks.  Oh my gawd, you mean the touts lied?  Shocking!

According to the just filed quarterly report, things at GDGI have not improved for this new PnD campaign.  In fact, they've become worse.  Since the previously reported quarter, the company's cash position has fallen to only $4K, while their debt has increased by $100K to over $1.7 million.  Sales have decreased 30% since the last quarter and losses have increased 23%.  The company is on target to lose a million dollars for the year and yet the market cap has managed to climb back to $40 million over the last couple of days, as the share price has doubled in anticipation of the new Pump & Dump campaign.  

We expect that we might see the same trading pattern on GDGI as we say with the last PnD campaign.  A spike up in share price at the open, followed by a straight line down.  Even more likely is a down open with things getting progressively worse as the day goes on.  In other words, if you buy this stock, you will deserve what will happen to you.

Since Wednesday's close: 

HillbillyStocks.com has been promoting LUSI in conjunction with a new Pump & Dump campaign. 

PennyStockExpert.com and at least 2 other paid touts have been promoting AMWI in conjunction with a new Pump & Dump campaign. 

InvestorIdeas.com has been promoting JUHL in conjunction with a new, but repeat Pump & Dump campaign. 

EmailStockPicks.com and at least 1 other paid tout have been promoting AURI in conjunction with a new, but repeat Pump & Dump campaign. 

EpicStockPicks.com and at least 1 other paid tout have been promoting FMYR in conjunction with a new Pump & Dump campaign. 
 
BuzzStocks.com has been promoting DSKX in conjunction with a new, but repeat Pump & Dump campaign. 

PennyStockLocks.com has been promoting ICNM in conjunction with a new promotion.

WallStreetHustler.com has been promoting FRHV in conjunction with a new promotion.

SuperStockPlays.com has been promoting MDRM in conjunction with a new, but repeat promotion.

Siri.biz has been promoting GDGI in conjunction with a new, but repeat Pump & Dump campaign. 

RisingPennyStocks.com and at least 1 other paid tout have been promoting IMCI in conjunction with a new Pump & Dump campaign. 
 
ContrarianPress.com has been promoting ALME in conjunction with a new promotion.

StockCabin.com and at least 7 other paid touts have been promoting ATYG in conjunction with an ongoing Pump & Dump campaign. 

PennyStockSecret.com and at least 3 other paid touts have been promoting OMVE in conjunction with an ongoing Pump & Dump campaign. 

StockHideOut.com and at least 3 other paid touts have been promoting REEI in conjunction with an ongoing Pump & Dump campaign. 
 
StockGuru.com has been promoting BEAC in conjunction with an ongoing promotion.

OtcMarketBulls.com has been promoting ECIT in conjunction with an ongoing Pump & Dump campaign. 

WhisperFromWallStreet.com has been promoting KMAG in conjunction with an ongoing Pump & Dump campaign. 

BedfordReport.com has been promoting STEV in conjunction with an ongoing Pump & Dump campaign. 

OuHotStockPicks.com and at least 1 other tout have been promoting DROP in conjunction with a ongoing Pump & Dump campaign.

XtremePicks.com and at least 1 other tout have been promoting BRYN in conjunction with a ongoing Pump & Dump campaign. 

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