AEGEA Inc $AEGA Pump and dump from the folks who brought you the $MEDA dump

I previously wrote about the pump and dump on Media Analytics Corportion (MEDA), which had quite the epic dump not long after the pump started.

meda

The website that promoted MEDA — StockReportBaron.com — is hosted at the same IP address as another website, StockAlertReports.com. At the time I found the MEDA pump I noticed the StockAlertReports.com website but there was nothing there. Maybe a week or two ago the website went live, promoting AEGEA Inc (AEGA). AEGA has traded low volume since then while slowly upticking. With 115 million shares outstanding the company has an insane $287 million market cap. Even though the pump does not appear to be very active the horrible performance of MEDA and the large market cap convinced me to short some for a long-term trade. That short position (which was at Interactive Brokers) was bought-in on Friday. On Friday there were maybe ten trades in a row of 10,000 shares at $2.47 which is odd and might be indicative of prearranged sales of stock from insiders to promoters (or it could mean nothing). I will be looking high and low for more shares to short of AEGA.

stockreportbaron

Disclosed budget: $750,000

Promoter: StockAlertReports.com

Paying party: NGS Ventures Inc.

Shares outstanding: 115,000,000
Previous closing price: $2.50
Market capitalization: $287 million

aega_page
PDF copy of pump page2013-10-12 AEGA

 

Excerpt from disclaimer:

 StockAlertReports.com has received or expects to receive and manage a total production budget of seven hundred fifthy [sic] thousand dollars from NGS Ventures Inc. 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 distributino expenses, as a fee for its services.

 

Full disclaimer:

aega_disclaimer

aega

 

Disclaimer: No position in any stock mentioned. I have 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.

Leave a Reply

Your email address will not be published.

Please complete the formula below to prove that you are human * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.