Petrosonic Energy (OTCBB: PSON) pump and dump: a new batch of hard mailers

Petrosonic Energy has been pumped by Tobin Smith of NBT Equities Research since last September. There have been three distinct waves of hard mailers sent out on the stock, as can be seen in the volume on the stock chart. I have been short PSON much of the time over the last six months and am short as I write this. Since the beginning of the pump a landing page has been online at http://disruptiveoiltech.com/

Pump budget: $3,000,000 (previously $2,500,000)

Stock Promoter: Beaumont Media (and Tobin Smith / NBT Equity Group / Changewave Inc.)

Paying party: Belmont Group Ltd.

Shares outstanding: 65,329,000

Previous closing price: $1.02

Current market cap: $66m

From the disclaimer on that page:

Beaumont Media LLC has received or expects to receive and manage a total production budget of two million five hundred thousand dollars from Belmont Group Ltd. for this online 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 fifty thousand dollars as an editorial fee from Beaumont Media LLC.

 

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Scan of the front page of the hard mailer, courtesy of Peter Michaelson on the Silicon Investor Paid Mailer message board. According to Peter, the budget disclosed in this most recent mailing is $3.0 million.PSON 2013-4-5

 

Full disclaimer from the online landing page:

IMPORTANT NOTICE AND DISCLAIMER: NBT Special Research Report, a Changewave, Inc. dba NBT Communications (“NBT”) publication, does not purport to provide an analysis of any company’s financial position, operations or prospects and this is not to be construed as a recommendation by NBT or an offer or solicitation to buy or sell any security. Beaumont Media LLC has used outside research and writers using public information to create the advertisement coming from NBT about Petrosonic Energy Inc. Although the information contained in this advertisement is believed to be reliable, NBT and Beaumont Media LLC makes no warranties as to the accuracy of any of the content herein and accepts no liability for how readers may choose to utilize the content. The opinions expressed in this advertisement and special report are solely those of Tobin Smith, unless otherwise referenced. Readers should perform their own due-diligence, including consulting with a licensed, qualified investment professional or analyst. Further, readers are strongly urged to independently verify all statements made in this Special Report and perform extensive due diligence on this or any other mentioned company. Beaumont Media LLC and NBT or affiliates are not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Many states have established rules requiring the approval of a security by a state security administrator. Check with http://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 information filed with state securities regulators and many will supply investors with additional information on request. Beaumont Media LLC has received or expects to receive and manage a total production budget of two million five hundred thousand dollars from Belmont Group Ltd. for this online 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 fifty thousand dollars as an editorial fee from Beaumont Media LLC.

*More information can be received from Petrosonic Energy’s investor relations firm, or at Petrosonic Energy Inc.’s website Further, specific http://www.petrosonic.net information, filings and disclosures as well as general investor information about publicly traded companies like Petrosonic Energy Inc., advice to investors and other investor resources are available at the Securities and Exchange Commission website www.sec.gov and www.nasd.com. Any investment should be made only after consulting with a qualified investment advisor and after reviewing the publicly available financial statements of and other information about the company and verifying that the investment is appropriate and suitable. 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. The information contained herein contains forward-looking information within the meaning of section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, Petrosonic Energy Inc. notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that could cause actual results to differ include the size and growth of the market, the Company’s ability to fund its capital requirements in the near term and in the long term; pricing pressures, technology issues etc.

PDF copy of pump website.

Disclaimer: I am short PSON and looking to short more. I may add to or close this position at any time and I will not update this disclaimer if my position changes (unless I update this blog 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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