US Tungsten Corp (OTCBB: USTU) pump and dump

US Tungsten (OTCBB: USTU) has been rising steadily since it first had significant volume on January 10th. The first promotional emails I received on it that linked to the following website came prior to the market open today, although I had previously received promotional emails on USTU that did not link to this website: http://ustuinfo.com/landing.html

Disclosed budget: $179,090

Shares outstanding: 198,750,000
Previous closing price: $0.69

“Blue Hat Media, Ltd has managed a total production budget of $179,090.00 for this advertising effort.”

Nice report on USTU by Promotion Stock Secrets.

[Edit 2013-4-4]: I just found out that James Rapholz ran afoul of the South Carolina Securities Commission in February 2010; see the cease and desist letter (pdf).

Full disclaimer:

Important Notice and Disclaimer – This paid advertising issue of James Rapholz’s Economic Advice Newsletter does not purport to provide an analysis of any company’s financial position, operations or prospects and is not to be construed as a recommendation by James Rapholz’s Economic Advice Newsletter or as an offer or solicitation to buy or sell any security. US Tungsten Corp., the company featured in this issue, appears as paid advertising paid for by Blue Hat Media, Ltd. to increase public awareness of the company and its prospects. All information appearing in this advertisement is taken from publicly available sources. Although James Rapholz’s Economic Advice Newsletter and its editor and publisher believe this information to be accurate and reliable, neither James Rapholz’s Economic Advice Newsletter nor its editor or publisher has independently verified any information contained in this advertisement. James Rapholz’s Economic Advice Newsletter or its editor or publisher makes any representation or warranty whatsoever with respect to the accuracy or completeness of any information contained herein. James Rapholz’s Economic Advice Newsletter and its editor and publisher expressly disclaim any liability resulting from how readers may choose to utilize the contents of this paid advertisement. Readers should perform their own due diligence and are strongly urged to independently verify all statements made in this or any other paid advertisement. Any investment should be made only after consulting with a qualified investment professional and after reviewing the publicly available financial statements of, and other information about, the company and verifying that the investment is appropriate and suitable for you. You can obtain more information about US Tungsten Corp. from its website at http://www.ustungsten.com. US Tungsten Corp. is a reporting company under the Securities Exchange Act of 1934, as amended, and trades on the OTC Bulletin Board under the symbol USTU. US Tungsten Corp.’s periodic and other reports filed under the Securities Exchange Act of 1934, as amended, are publicly available from the Securities and Exchange Commission at their website at http://www.sec.gov/edgar/searchedgar/webusers.htm. General investor information about publicly-traded companies like US Tungsten Corp., advice to investors, and other investor resources are available from the Securities and Exchange Commission’s website at www.sec.gov or from the Financial Industry Regulatory Authority website at www.finra.com. Many states have established rules requiring the approval of a security by the state securities administrator. Check with www.nasaa.org or call your state security administrator to determine whether a particular security is licensed for sale in your state. Many companies have filed information with state securities regulators and many companies will supply prospective investors with additional information upon request. Blue Hat Media, Ltd has managed a total production budget of $179,090.00 for this advertising effort. James Rapholz’s Economic Advice Newsletter is being paid $7,500 and also expects to receive new subscriber revenue as a result of its participation in this advertising effort. Investing in securities is highly speculative and carries a great deal of risk, especially as to new companies with limited operations and no history of earnings. This paid advertisement contains forward-looking statements regarding US Tungsten Corp., its business and plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions created by these laws. Where US Tungsten Corp. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, the size and growth of the market for US Tungsten Corp.’s products and services, its ability to develop and distribute its products, the ability of the company to fund its capital requirements, competition, regulatory developments, the effects of short-selling and other market pressures, and other factors.

PDF copy of pump website for when the website is taken offline.

 

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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