CRWV, RVBR, TSPG – Pump And Dump Alerts – August 26, 2011

| August 26, 2011 | 0 Comments

Pump And Dump AlertsWelcome to Pump and Dump Friday, where every week we highlight a few of the “bogus” promotions that are going on in penny stocks.

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 this week’s disasters waiting to happen:

Crowne Ventures (CRWV)

I love it when the weather impacts stocks.  It’s always entertaining to see how the pumpers spin the news.

Take for example an email I received today… “CRWV is Bringing Hurricane Force Momentum!”

I love it.  This pumper is pulling today’s east coast hurricane news and focusing the attention on a single stock… never mind that the company operates out of Las Vegas!

Free Penny Alerts decided CRWV is the way to go today… and the stock is up 20% as I write.  Unfortunately,  all those investors scooping up shares today are going to be disappointed tomorrow.

This pumper claims CRWV has “boots on the ground”.  Then they made some vague references to it not being a “Fly by night company” and a hot “Gold pick”.

I also noticed seven other pumpers pushing this same stock in other emails today.  Looking at the disclaimers, I discovered these pumpers are being paid $1 million to hype this stock.  It’s astonishing to say the least.

Once you look at the financials, you’ll wonder why.

Here’s the deal…

According to the information I could find… again, NOTHING on the official SEC website… the company has a division exploring for gold and silver in Mexico.

Ok, this could be exciting…

But, how they’re able to do the exploration, I have no idea.  As of June, Crowne had a whopping $2,259 in cash.  And they were $24,000 in debt.

What’s more, the company has no revenue, no earnings, and in the last six months, lost over $6,000.

Now here’s where it gets interesting.  The company had just under $5,000 in operating expenses for the last six months.  Now, let me ask you something… What do you suppose a top-notch geologist makes while searching for gold and silver in Mexico?

You can’t get a washed up geologist for $5 grand… Heck, I don’t know many high school geology students who would search the Mexican wilderness for six months for a measly $5 grand.

So much for their exploration efforts and the “boots on the ground”… If there are any boots to be found, they’re empty.

And so is this stock.

Markray Corp.  (RVBR)

Here’s another stock being hyped this week… and all I have to say is RVBR’s business is a hurricane-sized mess.

First, the hype…

Epic Stock Picks believes everyone should put RVBR on their watch list.

They say, “The company recently obtained the rights to exploit the stockpile of tailings situated within an area close to Moscow – home to the largest % of billionaires in the world!”

Fantastic news… but what does the tailings stockpile at a mine have to do with the number of billionaires in the world?  Talk about a strange connection.

And that’s not all that’s strange about this company…

The information online reads like a daytime soap opera.

Incorporated in 1998, the company has changed names seven times.  Is that an identity crisis or what?

Their company history is full of lawsuits, reorganizations, management and control changes, and exchange delisting.   Like I said, a soap opera!

Then we get to the details…

Markray’s main offices are located in Moscow… not always a red flag, but after the rough company history, I count this as strike one.  They have a no name accountant auditing their financials… that’s strike two.

Then I looked at their financial statements… That was strike three – GAME OVER.

The company says they have a mining property worth $434,890,569.  No kidding.  I had to double check to make sure it wasn’t a typo.  On a good day… with a $0.07 stock price… the entire company is valued at $13 million.

Why the disconnect?

The most basic questions about their massive mining property aren’t addressed!  How did the company acquire this asset?  Who valued it?  How did they pay for it?  Where’s it located?  How do they access it?

There are so many questions left unanswered that it smells rotten.  Is it FRAUD?  You tell me…

Like I said, GAME OVER!

TGI Solar (TSPG)

Here’s a story for after the hurricane… when the sun comes out.

TGI Solar is working on technology for solar products.  It sounds exciting at first.  Then you look at their business and the storm clouds start to form.

I found some information about the company online.  Again, nothing on the SEC website, but this is what we have to work with.

The financials looked good at first… but upon closer examination, they didn’t hold up.

For example, the company claims $5.8 million in assets.  That’s a very respectable number.  Unfortunately, $5.6 million of those assets are classified as “Other”.  So it’s NOT cash, and it’s NOT property or equipment.  What’s Other?  I have no idea, and they don’t give any details in their financials.  That’s scary!

Then we look at their income statement (if you can call it that).

All they list are expenses.

Seriously, no revenue, sales, or gross profit line is even listed.  That means the company doesn’t have a single product to sell.  Despite having nothing to sell, the company still managed to lose over $350,000 in the last year.  That’s scary.

And here’s the icing on the cake…

Because of TGI Solar’s poor financial situation, the accountants slapped the company with a going concern label.  It means the accountants don’t think the company has enough cash to survive the next 12 months. Now, that’s downright frightening! 

You know what’s even scarier than all of these things combined?

OTC Penny Picks agreed to hype a stock with questionable financials for just $76,500!

I don’t invest in scary stocks and neither should you.

A final word (and warning).

So that takes care of a few of this week’s inglorious “pump and dumps”.

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

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

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.