Starting last Friday people on Twitter started reporting receiving hard mailers promoting Windstream Technologies (WSTI). So far there has been no email or online promotion of the stock that I am aware of. I posted on Twitter a few times about the promotion; Tim Sykes blogged about it earlier today. Considering the high stock price and large market cap and relatively high volume I think it very likely that this pump will dump big within the next week.
Disclosed budget: $900,000
Promoter: Mandarin Media / Wall Street Revelator / Andrew Carpenter
Paying party: ???
Shares outstanding: 84,972,578
Previous closing price: $1.45
Market capitalization: $123 million
Excerpt from disclaimer:
Mandarin Media Limited paid nine hundred thousand dollars to marketing vendors to pay for all the costs of creating and distributing this Advertisement, including printing and postage, in an effort to build investor and market awareness.
Mandarin Media Limited was paid by non-affiliate shareholders who fully intend to sell their shares without notice