Pump & dump penny stock scam leads to an otcmarket skull & crossbones
May 9, 2013
I just had to write this brief follow-up to an article I began on Monday, May 6, 2013. I have been outing spammers running pump and dump scams on penny stocks, exposing the way they invent fake news reports and make stock value projections that don't jive with reality.
The scam being perpetrated this week involves a penny stock with the symbol GTRL. The company has already placed an unmissable notice on its landing page, indicating that they are in no way involved with this stock pump and dump spam campaign.
Nonetheless, the idiots behind this latest onslaught of botnet sent pump and dump scam emails are doing their damnedest to try to enlist up more suckers into purchasing GTRL penny stocks. Almost all of the spam messages in my junk folder, since last weekend, are classified as Pump And Dump Scams, by the anti-spam filters I write for MailWasher Pro users and myself.
Those who fall for the terrible English grammar and spelling mistakes in those spam messages would probably go to a place like otcmarkets.com to purchase large blocks of stock in the spammed company. Well, tonight I humored myself and visited the otcmarkets quotes page for GTRL (Get Real Media - a film company). On the right side of the closing price, which is down 18.52% from the measly opening price of a $.0135, to just .011, for all potential fools to see, is a black skull and crossbones symbol! Hovering over that skull symbol (on a desktop or laptop computer, not a smartphone) results in the following overlayed text display:
Buyer Beware! There is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders .....Clicking on the skull and crossbones (as a smartphone/tablet user must do to read the details) takes you to a web page that details the reasons why that company's stock has earned a "Caveat Emptor" warning.
I just thought this information might save somebody their hard earned money, as the scammers behind this spam campaign dump all of the shares they bought earlier this year when the stock was selling for under 1 cent. The late barrage of spam messages midweek, trying to drum up more buyers, testifies to their sense of failure to turn the profit they had hoped for. It also reveals that more and more people are wisening up to how these scams work and are avoiding them completely. Hopefully, my articles are helping some of those wisened up people to avoid foolishly parting with their money in pump and dump scams.
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