CHMR, GLTV – Pump And Dump Alerts – September 20, 2012

| September 20, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies:  Chimera Energy (CHMR) and Greenlite Ventures (GLTV).

Here we identify a couple of the potentially “bogus” promotions going on in penny stocks today.

If you don’t know how these schemes work, be sure to check out this free report that exposes the whole thing.

Without further ado, here are today’s “disasters waiting to happen”:

Chimera Energy (CHMR)

Chimera Energy is a development stage company that supplies equipment and components used in the exploration and production of oil and gas in the United States.  CHMR markets and sells polycrystalline diamond compact cutters for use in coal mining, geological exploration, and oil and gas drilling.   For the three months ending May 31st, the company lost $67,333.  Since inception, CHMR has racked up $102,951 in losses.

This penny stock is currently trading near $0.54.

Tribeca Investments, aka Mad Money Penny Stocks, was paid $40,000 by Winning Media to pump CHMR.

Greenlite Ventures (GLTV)

Greenlite Ventures operates as a “carbon offset” marketing company.  GLTV intends to sell carbon offsets through its website for verified emission reduction, and reduced emissions from deforestation and degradation.  As of June 30, 2012, Greenlite has just $4,999 in cash on hand and generated $0 revenue.  As such, the company posted a $155,189 loss for the quarter.

We exposed a pump and dump scheme being run on GLTV just two weeks ago.  At the time, the stock was trading as high as $0.05.  Sadly, this penny stock has become a sub-penny stock and now trades for just $0.008.

Penny Stock Pick Alert was paid $10,000 for a two week promotional campaign of GLTV. 

A final word (and warning).

These are just a few of the potential “pump and dumps” we’ve seen lately.

Remember, there’s a lot more of this going on than we can highlight here.

For more in-depth coverage of potential penny stock pump and dumps, be sure to sign up for our free newsletter, Penny Stock Research.

As you know, penny stocks are a great place to invest your money.  You just have to do your due diligence to stay away from all the schemes and scams out there these days!

Until next time,

Brian Walker

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Category: Pump & Dump Alerts, Pump & Dump Daily

About the Author ()

Brian joins the Penny Stock Research team as a seasoned independent trader and financial analyst. Brian graduated with a B.S. from the University of North Florida and now resides in Scottsdale, Arizona. With a background in economics and statistics, he has a keen ability to uncover profitable and growth-focused companies. He has years of real life know-how in analyzing fundamental and technical data that gives him an edge drilling down on companies and financial results. With over 15 years trading experience, Brian has become an expert in the ever-changing equities markets. Today, he scours the markets hunting for penny stocks that offer low risk and high reward.