Stock Castle (which is how we traders refer to this spam stock promoter even though they have used a huge number of different websites and names) is back, this time promoting a London AIM exchange-listed company, Mercom Oil (MMO:L). Most recently Stock Castle promoted USGT. Stock Castle is a spammer that has been sued by penny stock gadfly George Sharp; prior to USGT they promoted BRND, IDOI, and MSTG.
I cannot remember the last time I saw a British stock pumped — German and Canadian pumps have been far more common (although German pumps are much less common than they used to be), although the US OTCBB and OTCMarkets remain the most popular place to run pump and dumps. Mercom is interesting also because it has had a lot of volume over the past few months.
I will most likely not trade Mercom Oil, although I subscribed to LSE quotes at Interactive Brokers for a month (only $7.50 so worth it). Mercom is not currently shortable at Interactive Brokers.
Compensation: $50,000
Promoter: TheBestStocks.net (a Stock Castle spam website, owned by Dramtil Networks LTD of Belize)
Paying Party: Tigrez Patch LTD
Disclaimer:
TheBestStocks.net has received fifty thousand dollars from Tigrez Patch LTD, who was paid by a third party for the sending of this email/newsletter.
MMO multi-month chart:
Disclaimer from TheBestStocks@changedonline.com:
Disclaimer on USGT pump that I previously received from hot@changedonline.com:
Disclaimer: I have no position in any stock mentioned above and no relationship with any parties 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.