GTRL disavows current penny stock email scams
May 6, 2013
Since the predicted demise of the SCXN penny stock pump and dump scam, one week ago, a new stock scam has been making the rounds in its place. The new pump and dump of the week has the symbol GTRL (Get Real USA).
GTRL is a true "Penny Stock" - with a trading value of just one cent, last week. Since the pump and dump scam began trading today, the price increased a few percentage points to about 1.5 cents. The (Eastern European) scammers who bought up thousands of shares at a penny, in advance, are hoping to pump up the value to 5 or 6 cents, then dump all of those shares.
According to the text in the email scams, this company is about to make a major announcement that will cause the value of its worthless stock to shoot up. This is total nonsense. The only news published on the actual Get Real Movies website is a disclaimer of them having anything to do with the current stock scam. The following is quoted from the Get Real landing page...
NOTICE! It has come to the management's attention that the GTRL trading symbol has been associated with certain spam emails. The company is working to discover the source of the emails at this time.
GET REAL USA AND ITS OFFICERS, DIRECTORS, CONSULTANTS OR ANY OF ITS AFFILIATES HAVE NOT AUTHORIZED ANY EMAILS TO BE SENT ON THE COMPANY'S BEHALF.Please do your own due diligence and consult with your financial adviser prior to making any decision related to the purchase of Get REAL USA securities. GTRL is considered to be a "penny stock" . Visit the company's most recent public disclosure statements and relevant company information at: www.otcmarkets.com
If you were tempted into purchasing stock in GTRL, as a result of the ongoing email scam campaign, you are going to become a loser as more of the speculators bail out with their measly quarter of a penny profit per share. Hopefully, the scammers behind this don't profit as much as they had planned.
As for the email messages being spammed out to pump up the stock, they are poorly composed, as by people with a poor command of the English language. Each message makes a different outrageous claim about the expectations of the stock. All of the predictions about news releases from the company are false. This, like the SCXN pump of the past two weeks, is a scam.
Before you invest in any stock, penny or regular, do research about the actual company and read any recent news releases from them. Never believe anything you read in a spammed email message.
If you must take chances with stocks, keep this in mind: Chance favors the prepared mind.
If you like this article please share it.
The content on this blog may be reprinted provided you do not modify the content and that you give credit to Wizcrafts and provide a link back to the blog home page, or individual blog articles you wish to reprint. Commercial use, or derivative work requires written permission from the author.