The spam stock promoter of IDOI: Not what it seems

Stock spam   Take a look at the following screenshots from two emails received last night:

They are two emails from different domain names (domain names that have no content on them: Likeact.com and Onlinemid.com) and purport to be the same “StockCastle” online newsletter. Also notice that they were sent to the same email address. Keep that email address in mind. They both have the exact same disclaimer displayed as an image, hosted at Tinypic.com):

The key disclosure:

Stockcastle.com, a wholly-owned subsidiary of Fidelity Ltd, Mall Tower, Wickhams Cay 1, Road Town, British Virgin Islands, has received a total of eight hundred thousand dollars to date from Jemsta Enterprises LTD, who was paid by shareholders of the profiled company for the sending of this email/newsletter

I have never subscribed that email address to StockCastle.com In fact, the email address that received those emails (and others like it) was never used to sign up for more than a few stock promotion websites. For example, take the email address jan[xxxx][email protected] The numbers in the email address refer to the date the address was created (January 15, 2011, although I actually created it the day before). I only ever used that email address to sign up to pump websites connected to BestDamnPennyStocks.com (including XtremePennyStocks.com which I have never determined if it is truly connected to BDPS), which I did on January 14, 2011. After that date I did not use the email to sign up for any other websites and I certainly didn’t use it to subscribe to StockCastle.com. Yet magically on March 3, 2011 I received an email promoting ATTD from [email protected] (and I have continued to receive pump emails from them on various stocks). Then on May 9th, 2011 I received an email from [email protected] promoting MDFI (the same stock promoted by the BDPS-related websites that day). Below is a quote from the disclaimer:

Wall  Street Penny Stock Advisors located at EMPRT Group Ltd St James House  13 Kensington Square London, W2 5LO United Kingdom makes no  representations as to such facts’ reliability, accuracy or  completeness. Endorser is not responsible for errors or omissions.  Endorser does not claim any special expertise or knowledge regarding  the medical sector . Endorser is neither acting as an investment advisor  nor providing individual investment advice. Wall Street Penny Stock  Advisors OWN NO SHARES, OPTIONS, WARRANTS in Medefile International Inc (MDFI).

Then on May 17th, 2011 I received my first email to this email address from [email protected] promoting SHOM.

This is a paid advertisement Stand Online LTD located P.O. Box 428 Road Town, Tortola, VG 2110 British Virgin Islands was paid fifteen million shares for the design, composition, and distribution of this email.

Below is the chart of SHOM from that period. Surprisingly, SHOM peaked four days after the pump email I received. [double check for other pump emails earlier]. The next new email sender that sent me a stock promotion spam to this email address was “WallsTreet”, [email protected], on January 28th, 2012. Below is their disclaimer:The key part:

wallstreetpennystockadvisors.com located at EMPRT Group Ltd St James House 13 Kensington Square London, W2 5LO United Kingdom … wallstreetpennystockadvisors.com has received one hundred thousand dollars for sending this newsletter of Mustang Alliances Inc Corp from Jemsta Enterprises Ltd, who was paid by shareholders of the profiled company for sending of this email/newsletter

A few days later on February 1st, 2012 I received another pump email on MSTG from another new pump email address, [email protected] Below is an image of the disclaimer: The important text:

… HottestPennyStocks.net a wholly owned subsidiary of Flaster Knol LTD Baixada del Moli, 21 Andorra la Vella Andorra … HottestPennyStocks.net has been compensated one hundred thousand dollars for sending this newsletter of Mustance Alliances Inc from Jemsta Enterprises Ltd, who was paid by shareholders of the profiled company for the sending of this email/newsletter

Three days later I received another pump email on MSTG from a new pump email address, [email protected] The disclaimer is below:

NewsStocks.net is a wholly owned subsidiary of Oevnak LTD of 3 St. Thomas St. Belize City Belize. Oevnak LTD has received one hundred thousand dollars from Jemsta Enterprises Tld, who was paid by shareholders of the profiled company for the sending of this email/newsletter

On March 2nd, the emails from extrapicks.net changed their name and disclaimer to be “Ult Stocks” [email protected] and the disclaimer is below:

UltimatePennyStock.com is a fully owned subsidiary of Promo Dombo LTD located 111 South Service Road Vritish Virgin Islands (VBI) … UltimatePennyStock.com has been compensated and has received a total of three hundred thousand dollars to date from Jemsta Enterprises Ltd who was paid by shareholders of the profiled company for the sending of this email/newsletter

The same day I also received the first email to this email address from “MagicPennyStocks6” [email protected], and that email promoted MSTG. The ancientupdate.com website is no longer online so I cannot obtain the disclaimer. I also received the first email from “M P S” [email protected] on March 2nd. The disclaimer image is below:

The important parts of the disclaimer:

 MagicPennyStocks.com is a wholly owned subsidiary of Natti Reach LTD Nerine chambers, POB 905, Road Town, BVI … The owner of MagicPennyStocks.com has has [sic] received a total of three hundred thousand dollars to date from Jemsta Enterprises Ltd, who was paid by shareholders of the profiled company for the sending of this email/newsletter.

Two days later on March 4th I received an email from “UpK Stocks” [email protected] promoting MSTG. Below is their disclaimer image and an excerpt showing the important details:

UpcomingPennyStocks.com has received a total of three hundred thousand dollars to date from Jemsta Enterprises Ltd, who was paid by shareholders of the profiled company for the sending of this email/newsletter … UpcomingPennyStocks.com is owned by : Hindla LTD located at Avda. Joan Marti 74, AD200 Encamp, Andorra.

The next day (March 5th) my email from “MagicPennyStocks” came from [email protected] (that website is no longer online so I cannot post the disclaimer). The following day on March 6th the pump email I received from “Ultimate-Stock” came from [email protected] (the disclaimer was the same as the above disclaimer mentioning Promo Kombo. On March 7th the MSTG pump email I received from “MagicPennystocks” came from [email protected] The same day the email I received from “Ultimate Penny” came from [email protected] On March 8th the email I received from “Ultimate” came from [email protected] Since the MSTG pump I have continued to receive pump emails from these various sources.

There was the EMPM pump on Saturday March 24th, (with the email from “MagicPennyStocks” coming from [email protected]). The first trading day after the pump began was March 26th and after that day the stock quickly plunged.

One email from “Penny-Stocks” came from [email protected] on March 27th. Its disclaimer is below:

UltimatePennyStock.com is a fully owned subsidiary of Promo Kombo LTD located 111 South Service Road British Virgin Islands (BVI) … UltimatePennyStock.com has been compensated and has received a total of seven hundred and fifty thousand dollars to date from Entersa Ltd, who was paid by shareholders of the profiled company …

Another pump email I received two days later on March 29th came from “NewsStock” [email protected] Below is the disclaimer and an excerpt with the compensation:

NewsStocks.net is a wholly owned subsidiary of Oevnak LTD of 3 St. Thomas St. Belize City Belize. Oevnak LTD has received a total of seven hundred and fifty thousand dollars to date from Entersa Ltd, who was paid by shareholders of the profiled company for the sending of this email/newsletter.

After EMPM, these newsletters promoted MSTG again, followed by the promotion (only by the Stock Castle branded newsletters, still coming from many different email addresses) of Nasdaq-listed AMBT on May 29th.

Stockcastle.com, a wholly-owned subsidiary of Fidelity Ltd, Mall Tower, Wickhams Cay 1, Road Town, British Virgin Islands, has received a total of two hundred and fity thousand dollars to date from Jemsta Enterprises Ltd, who was paid by shareholders of the profiled company for the sending of this email/newsletter

AMBT traded very low volume but hit its peak on the second trading day after the stock promotion began. The price action prior to when I received the first pump emails is quite interesting — the company had no news or SEC filings immediately preceding or during the four days prior to the email when the stock ran from $4.40 to $8.00.

The next pump after AMBT was on IDOI, started on the evening of July 18th. Below is the chart after two days of stock promotion:

See the disclaimers from the various newsletters below:

Disclaimer. No position in any stocks mentioned and I have no relationship with anyone mentioned in this post. 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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