GGSM, IMEK – Pump And Dump Alerts – June 04, 2012

| June 4, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies:  Gold and GemStone Mining (GGSM) and iMetrik M2M Solutions (IMEK).

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”:

Gold and GemStone Mining (GGSM)

Gold and GemStone Mining is a development stage alluvial diamond and gold exploration/mining company.  GGSM’s efforts are focused in Sierra Leone, West Africa.  Last year, the company lost $28,301 on $0 revenue.  The year prior, GGSM lost $20,108.

Currently, shares of this penny stock trade near $0.11.

Research Driven Investors was paid $40,000 by Lake Group Media to tout shares of GGSM.

iMetrik M2M Solutions (IMEK)

iMetrik M2M Solutions provides embedded wireless tracking solutions that enable individuals, businesses, and governments to control remote assets worldwide.  The company’s technology enables remote access and control, as well as monitoring, enabling, and disabling commands. IMEK was formerly known as Montreal Services Company and changed its name to iMetrik M2M Solutions in August 2010.

Currently, shares of this penny stock trade near $0.30.

Penny Stock Club was paid $30,000 by MicroCap Consultants, LLC to hype shares of IMEK.

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.
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