StockTips.com is a relatively new stock promoter that I only signed up to last March. That website’s first promotion after I signed up was of PacWest Equities (PWEI) that started over the weekend prior to March 25th. PWEI had previously been pumped by Victory Mark Corp and I wrote about the company at SeekingAlpha. The stock promotion page is still online at http://www.stocktips.com/PWEI/. As you can see from the chart below, buyers did quite poorly:
Here is the disclaimer for the PWEI pump:
On Sunday, August 18, StockTips.com sent subscribers an email promoting their next pump, Amarium Technologies (AMMG). Since then they have continued to send emails promoting the stock almost daily. Since then the stock price has more than doubled from $0.22 to $0.45. The online stock promotion page can be found at http://www.stocktips.com/ammg/.
The disclosed compensation was the same $25,000 as it had been for PWEI:
Since I first saw AMMG pump I have run across a couple more online promotion websites, including Invests.com, which is similar to The Financier Times or the Chicago Financial Times — it is a fake news website. See the promotion of AMMG on that website on this page: http://invests.com/b9/ and this page: http://invests.com/opportunity-in-amarium-technologies-ammg/
AMMG currently has 498,778,578 shares outstanding which gives the company a market capitalization of $224 million as of yesterday’s close at $0.45. The company’s financials, while better than plenty of pump and dumps in that they actually have some assets, show that AMMG has under $5 million in total assets and no revenues.
Disclosed budget: $25,000
Promoter: StockTips.com (owned by Amerada Corp)
Paying party: Laluna Inc.
Shares outstanding: 498,778,578
Previous closing price: $0.45
Market capitalization: $224 million
[Edit 2013-9-6 4pm]: StockTips.com also promoted ETEK back in February. The ETEK promotion web page is still online at http://www.stocktips.com/etek/. See a chart below. I mentioned that pump when I blogged about a repump of ETEK in July. The disclaimer for ETEK was the same as for PWEI and AMMG:
StockTips.com is operated by Amerada Corp (AC). Currently AC expects to be compensated $25,000.00 (Twenty Five Thousand United States Dollars) from Laluna, Inc. for this ETEK advertising and promotion.