CLGL, VGPR – Pump And Dump Alerts – March 26, 2012

| March 26, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies: California Gold (CLGL) and Vega Biofuels (VGPR).

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

If you don’t know how these scams 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”:

California Gold (CLGL)

California Gold is an exploration stage company with an agreement in place to acquire an 80% interest in a tellurium-gold-silver property in Sonora, Mexico.  CLGL was formerly known as US Uranium, Inc. and changed their name to California Gold in March 2009.  The company was founded in 2004 and is based in New York, New York.

Shares of this penny stock currently trade near $0.08.

Club Penny Stocks was paid $20,000 by Brook Capital LLC to pump shares of CLGL.

Vega Biofuels (VGPR)

Vega Biofuels is a developmental stage biomass sales and manufacturing company. VGPR focuses on providing bio-mass and bio-diesel products for power generation.  The company was formerly known as Vega Promotional Systems, and changed its name to Vega Biofuels in January 2010. Vega Biofuels was incorporated in 1986 and is based in London.

Currently, VGPR shares trade at just $0.006.

The Penny Stock Chief was paid $20,000 to hype shares of VGPR. 

A final word (and warning).

These are just a few of the current inglorious “pump and dumps”.

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

For more in-depth coverage of 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 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.