It is rare that I actually receive a hard mailer — for whatever reason I am not on the stock promoter mailing lists. But today I received a fold-out mailer promoting Mammoth Energy (MMTE). Judging by the volume and price action today was the second day of people receiving mailers. The stock offered no profit opportunity — just inexorable losses — to buyers. The flyer directs readers to visit MMTEthestock.com
Disclosed budget: $500,000
Promoter: Stock Traders Alerts
Paying party: SM Limited
Shares outstanding: 10,000,100 (as of last filed quarterly report — it must be higher now)
Previous closing price: $0.0205
Market capitalization: $205,000 (obviously this is cannot be current)
Scan of front of mailer:
PDF copy of mailer
Full disclosure (from website):
Stock Traders Alerts ( STA), 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 STA or an offer or solicitation to buy or sell any security. STA has used outside research and writers using public information to create the advertisement coming from STA about MMTE. Although the information contained in this advertisement is believed to be reliable, STA 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 STA’s freelance writers, 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. STA 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. STA has received or expects to receive and manage a total production budget of five hundred thousand dollars from S.M. Limited. 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. 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. 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.
Disclaimer: I have no position in any stock mentioned above. 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.