Stock promoter sharks will eat up $CHUM buyers

This morning I received an email from linking to a website: promoting Chuma Holdings (CHUM). A different version of the pump page prior to the name and ticker change from MDMJ can be seen here:

chumheader chum2

Disclosed budget: $25,000
Promoter:  Mike Norman Report
Paying party: Rigal Ltd
Shares outstanding: 54,675,864
Previous closing price: $0.90
Market capitalization: $49 million


Excerpt from disclaimer:

The publisher, Mike Norman Report, understands that in an effort to enhance public awareness of Chuma Holding Inc and its securities through the distribution of this advertisement, Rigal Ltd. paid all the costs associated with creating, printing and distribution of this advertisement. The publisher was paid up to $25,000 for its contributions … Rigal Ltd. owns 1 million shares of Chuma Holding Inc. common stock and has warrants to purchase an additional 1 million shares at a price of $0.70 per share

Full disclaimer:




PDF copy of landing page



Disclaimer: I have no position in CHUM and will not trade it unless it gets significantly higher volume. 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.

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