Western Graphite (OTCBB: WSGP) pump and dump

Today online promotion pages went live for Western Graphite (OTCBB: WSGP). See http://wsgpreport.com and http://wsgpinfo.com

See Promotion Stock Secrets’ report on WSGP (that was just made publicly available today).


Disclaimer (click to see full-size):wsgp_disclaimer

Disclosed budget: $1,813,286
Promoter: Cranwood International Inc. and Tobin Smith / Changewave, Inc dba NBT Communications

Paying party: Wiltshire Foundation

Shares outstanding: 58,000,000
Previous closing price: $0.78
Market capitalization: $45 million

Excerpt from disclaimer:

Cranwood International, Inc. has received or expects to receive a total production budget of $1,813,286 from Wiltshire Foundation for this advertising effort and will retain any amounts over and above the cost of production, copywriting services, list rental, online advertising, mailing and other distribution expenses, as a fee for its services

ChangeWave, Inc (dba NBT Communications) is paid twenty-five thousand dollars as an editorial fee from Cranwood International, Inc.

PDF copy of WSGP pump page.

[Edit 2013-4-30]: As of yesterday evening, Promotion Stock Secrets reported receiving a hard mailer. Complete scan (pdf).

[Edit 2013-5-7]: Over the last couple days I have received emails linking to a new landing page (and likely a different hard mailer to go along with it) by Wall Street Revelator. See http://wsgpnews.com/index.html The budget is the same and the paying party is the same.

PDF copy of Wall Street Revelator pump page.


Disclaimer: [Edit 2013-5-7 — I have no net position in WSGP, being 5500 short in one account and 5500 shares long in another account]. 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.

4 thoughts on “Western Graphite (OTCBB: WSGP) pump and dump”

    1. They won’t. The owners of a large block of WSGP stock were the ones who paid for the pump and they were the ones who then dumped all their shares to the public.

  1. How is it that such blatant pump and dump campaigns happen so often… is it legal to do that? Else, I am sure the SEC has the means to find out these P&D campaigns more than common folks like you and me.

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