The World’s first blueberry pump & dump: Patriot Berry Farms $PBFI

I first received emails promoting Patriot Berry Farms (PBFI) yesterday prior to the market open. Some of these emails linked to the pump page at HealthyStockProfits.com. Yesterday is also the first day the stock attracted meaningful trading volume. This looks like a half-assed pump and I expect it to dump soon.

Disclosed budget: $175,000

Promoter: PigeonRock Media & Wall Street Revelator / Andy Carpenter
Paying party: affiliates of PigeonRock Media
Shares outstanding: 71,409,871
Previous closing price: $0.84
Market capitalization: $60 million

Considering the six-month price target is only $1.81, I think it likely that the stock will never make it to $1.00

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Screenshot of PBFI pump page:

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Excerpt from disclaimer:

PigeonRock Media has managed up to a $175,000 USD advertising production budget as of June 1, 2013 in an effort to build industry and investor awareness. Any funds leftover after expenses for research, overhead, advertising and public relations related to Patriot Berry Farms (ticker symbol PBFI) will be considered profit. Entities related to PigeonRock Media hold a large amount of shares in PBFI and intend to sell those shares. Their sales of PBFI common stock will affect the value of your shares (negatively). This should be considered a direct conflict of interest.

Full disclaimer:

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND IN THIS REPORT. This publication is distributed free of charge and does not provide an analysis of a company’s financial position. The information contained herein has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company, including Patriot Berry Farms, (PBFI. Patriot Berry Farms’ financial position and all other information regarding Patriot Berry Farms should be verified with the company. An individual should never invest in the securities of any company, including PBFI based solely on information contained in this advertisement. Information about many publicly traded companies, including Patriot Berry Farms, and other investor resources can be found at the Securities and Exchange Commission’s website at www.sec.gov. Investing in securities is speculative and carries risk. PBFI is a penny stock and subject to greater risk. It is recommended that any investment in any security should be made only after consulting with your investment advisor and only after reviewing all publicly available information, including the financial statements of the company. This mailing piece is not intended to be, nor should it be construed as, an offer to sell or a solicitation of an offer to buy securities, nor should it be construed as the provision of any investment- related advice or services tailored to any particular individual’s financial situation or investment objective(s). The Wall Street Revelator is a bona fide publication of general and regular circulation offering impersonalized investment-related research to readers and/or prospective readers and is not an investment adviser either with the U.S. Securities and Exchange Commission (SEC) or with any state securities regulatory authority. The Wall Street Revelator is neither licensed nor qualified to provide financial advice. As such, it relies upon the “publisher’s exclusion” as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. Investing in companies like Patriot Berry Farms carries a high degree of risk. Do not invest in this company unless you can afford to possibly lose your entire investment. Individuals should assume that all information contained herein about PBFI and other companies is not trustworthy unless verified by their own independent research. The Wall Street Revelator and/ or its publishers, Andrew & Lynn Carpenter has received a total amount of fifteen thousand dollars in cash compensation to assist in the writing of this Advertisement, as well as potential future subscription and advertising revenues, the amount of which is not known at this time with respect to the publication of this Advertisement and future publications. Andrew and Lynn Carpenter have never owned, and never will own, shares, options or warrants in PBFI. Third Party Advertiser/Advertising Agency IMPORTANT NOTICE AND DISCLAIMER. PigeonRock Media has managed up to a $175,000 USD advertising production budget as of June 1, 2013 in an effort to build industry and investor awareness. Any funds leftover after expenses for research, overhead, advertising and public relations related to Patriot Berry Farms (ticker symbol PBFI) will be considered profit. Entities related to PigeonRock Media hold a large amount of shares in PBFI and intend to sell those shares. Their sales of PBFI common stock will affect the value of your shares (negatively). This should be considered a direct conflict of interest. Please review all investment decisions with a licensed investment advisor. This report is a commercial advertisement and is for general information purposes only. PigeonRock Media are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on this site or emails unless you can afford to lose your entire investment. This project currently does not contain any known proven or probable reserves under SEC reporting standards. The references in this advertisement to reserves or future revenue are a reference only to potential in-place reserves or future revenue. Investors are cautioned not to assume that these figures reflect economically and legally recoverable quantities of minerals or sales of products. Additionally, this advertisement includes forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding expected growth of the featured company. Any statements that express or involve discussions with respect to predictions, expectation, beliefs, plans, projections, objectives, goods, assumptions or future events or performance may be forward-looking statements. The forward-looking statements contained herein (which include all statements other than historical information) are based on expectations, estimates and projections at the time the statements are made that involve a significant number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided herein, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information)

PDF copy of pump page

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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.

3 thoughts on “The World’s first blueberry pump & dump: Patriot Berry Farms $PBFI

  1. When you’re looking at a stock promotion, what’s the most important thing to consider when you’re deciding whether to trade it. I’ve been told to look at the promotional budget first, then the shares outstanding. It looks like you might agree, since I see you have them listed for this stock and others. Does anything else even matter?

    1. I take the budget with a huge grain of salt — they can be inflated or be outright lies. The most important thing is the volume and the price action. The second most important thing is the number of free trading shares that insiders will be able to dump (restricted shares by definition can’t be sold so total share count is less important than free-trading shares).

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