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Feb 23

Sollensys (OTCBB: SOLS) pump & dump

Sollensys (OTCBB: SOLS) has been rising for the last two days on light volume, after a few days of sideways action on very light volume that followed a drop in one day from $1.02 to $0.42.

I have not received any emails promoting the company yet; I was informed today of a pump website online from a post on the paid mailers forum on Silicon Investor. http://solsreport.com/

The video shown on that website was uploaded by user “Sollensys” to Youtube on January 18, 2013. Three other videos about Sollensys were uploaded by the same user, the most recent of which was uploaded two days ago.

Disclosed budget: $750,000
Paying party: Ramnusia AG

Shares outstanding: 505,075,386 (after accounting for cancellation of 195m SOLS shares and issuance of 200m SOLS shares to purchase Sollensys)
Previous closing price: $0.49

“FDZ Mediaagentur AG has received and managed a total production budget of seven hundred fity thousand dollars from a third party Ramnusia AG for this online advertising effort”

Full disclaimer (click to enlarge):

sols

PDF copy of SOLS pump web page.

 

Disclaimer: I have no position in any stock mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

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