Centor $CNTO gets a repump

Centor was first promoted back in May and it never got much volume. After a low-volume run-up over the last two months from $0.14 to over $1.00 it finally got repumped on Monday, with promotion emails linking to the website http://centorenergyreport.com

 

Disclosed budget: $500,000

Promoter: Absolute Media Services & The Myers Letter

Paying party: Code Inc

Shares outstanding:  72,135,000
Previous closing price: $1.10
Market capitalization: $79 million

As of the market close on 12/31/2013 the price of CNTO is $1.84, giving it a market capitalization of $132 million.

CNTO

Excerpt from disclaimer:

Centor Energy (hereafter “CNTO”), the company featured in this issue, appears as paid advertising, paid by Code Inc. Absolute Media Services has received a total of $500,000 USD from its client Code Inc, the third party advertiser for this advertising in an effort to build investor awareness for Centor Energy.

Inciti Inc., a corporation owned by an affiliate of Endorser, expects to receive up to a $7,500 fee for this advertising effort.

Full disclaimer:

IMPORTANT NOTICE AND DISCLAIMER: This paid advertisement by The Myers Letter (hereafter “TML”) 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 TML, or an offer to sell or solicitation to buy or sell any security. Centor Energy (hereafter “CNTO”), the company featured in this issue, appears as paid advertising, paid by Code Inc. Absolute Media Services has received a total of $500,000 USD from its client Code Inc, the third party advertiser for this advertising in an effort to build investor awareness for Centor Energy. Although the information contained in this advertisement is believed to be reliable, TML makes no warranties as to the accuracy of any of the content herein and accepts no liability for how readers may choose to utilize it. The information contained herein is based exclusively on information generally available to the public and does not contain any material, non-public information. Readers should perform their own due-diligence before investing in any security including consulting with a qualified investment advisor or analyst. Readers should independently verify all statements made in this advertisement and perform extensive due-diligence on this or any other advertised company. Inciti Inc., a corporation owned by an affiliate of Endorser, expects to receive up to a $7,500 fee for this advertising effort. TML and/or Inciti Inc. also expect to receive new subscriber revenue and mail list rental, the amount which is unknown at this time, as a result of this advertising effort. TML nor any of their principals, officers, directors, partners, agents, or affiliates are not, nor do we represent ourselves to be, registered investment advisors, brokers, or dealers in securities. TML is 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. Research and any due diligence were conducted by an outside researcher for this advertisement. Endorser’s track record was compiled from calculations derived from documentation of his Transformational and Legacy Portfolio recommendations posted at the Emerging Capital Report website. Said website and documentation were made available to Emerging Capital Report subscribers. Track record indicates the maximum potential gains on open positions from the date said website suggested taking a position in securities and the prevailing prices at the time of such suggestions. No representation is made that actual purchases and sales were made or could have been made at the prices stated. Average gains are based on price appreciation of suggested stocks with stocks not appreciating showing appreciation of zero. Facts stated in this article were supplied to endorser from third-party sources. Endorser makes no representations as to such facts’ reliability, accuracy or completeness. Endorser is not responsible for errors or omissions. Endorser does not claim any special expertise or knowledge regarding the patent enforcement industry. Endorser is not acting as an investment advisor nor providing individual investment advice. Endorsement is expressly limited to the following statement: “Assuming that CNTO has or obtains sufficient resources the need for which is stated in its S.E.C. filings, and successfully addresses the risks therein, capital gains are possible.” The information presented is provided for information purposes only and the endorsement is not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities. Endorser has not taken any steps to ensure that the securities referred to in this report are suitable for any particular investor. Any securities referenced by Endorser may not be suitable for you and it is recommended that you consult an independent investment advisor if you are in doubt about such investments. Nothing in the endorsement constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise constitutes a personal recommendation to you. Past recommendation or suggestion performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Information, opinions and estimates referenced in the endorsement reflect a judgment at its original date of publication and are subject to change without notice. The price and value of the securities mentioned in the endorsement can fall as well as rise, and may have a high level of volatility. High volatility securities may experience sudden and large falls in their value, leading to losses. High volatility investments may also be difficult to sell. Similarly, it may prove difficult for you to obtain reliable information about the value or risks to which such an investment is exposed. The endorsement may provide the addresses of, or contain hyperlinks to, websites. Except to the extent to which the report refers to website material of Endorser, Endorser has not reviewed the linked site and takes no responsibility for the content contained therein. Such address or hyperlink is provided solely for your convenience and information and the content of the linked site does not in any way form part of the endorsement. Accessing such website or following any link through this endorsement shall be at your own risk. Further, you are advised to read and carefully consider the additional explanations of risk factors in CNTO’s 10K and 10Q filings. Inciti, Inc., a corporation owned by an affiliate of Endorser, received $7,500 from Code Inc, who may or will sell shares of the feature company at or about the time of this mailing. Inciti, Inc. expects to receive additional revenue from sales of subscriptions to The Myers Letter as a result of this advertising effort.

PDF copy of pump page

 

Disclaimer: I am short 2400 shares of CNTO. 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.

27 thoughts on “Centor $CNTO gets a repump

      1. I am pretty new to penny stocks — I play poker online — so please excuse my amateurish questions coming up. Looking at the chart and combining it with your comments, it would seem that you shorted it on the way up? What kind of price did you manage to get on the shorts and, out of interest, where would you cover should the trend resumes upwards?

      2. I am short from $1.04, before the repump began. I find it highly unlikely that the stock will resume its upward march. I will hold and there is a decent chance I will actually make money on the short, although a modest loss is more likely.

    1. Wow I hadn’t noticed it previously. Thank you for mentioning that. I’ll definitely be looking to trade it. This, CANN, GRNH, and MDBX are all looking ripe — but you need to wait for some weakness otherwise you get squeezed.

  1. Thks your welcome 😀 1$ to 11$ in less then 5 days , no revenue, no assets , big debt compare to cash in hands this will drop!! yes we need see weakness first. Thks Michael all the best for you and keep posting pumps here, I like your Blog, if you need help to find nice pums just ask. If a find other pumps i tell you here. =)

  2. Hey Misteroh… If you dont mind add me to that pump list. I have very limited time for research at the moment. Greeat find by the way!!!

  3. This pump never show weakness, I’m look forward to showing some weakness to can short! Have any idea how much time will take to fall?

  4. Hi,Would you short CNTO? From reading the SEC 8k and from what i learned form your SEC videos the company has some serious issues,i’d like to be a future stock trader im interested in knowing how you would play this stock I would greatly appreciate it.
    Thanks ,Allen

    1. I am currently short CNTO. It is a fake company, a pure pump and dump, with lots of problems, way overvalued. Of course that didn’t keep it from going up the last two weeks. So I waited until weakness to short.

  5. From reading your blog it seems that trading promoted (pump and dump) stocks, whether long or short, is drying up due to SEC enforcement, and those who have been trading these stocks will have to explore other trading techniques, since ultimately there will be little or nothing left of these type of stocks to trade. Is that an accurate assessment, or not?

    1. No. Perhaps the biggest promoter was put out of business and a bunch of mailer pumps got suspended but while volume has dried up there is still plenty of trading left in the pump and dump world.

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