GLTV, BZRT – Pump And Dump Alerts – September 5, 2012

| September 5, 2012 | 0 Comments

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

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”:

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 an $846,645 loss for the quarter.

We exposed a pump and dump scheme being run on GLTV shares back in April this year.  At the time, shares were trading near $0.09.

Shares of this penny stock now trade near $0.03.

Elite Penny Stock was paid $25,000 to hype shares of GLTV.

BizRocket (BZRT)

BizRocket has developed a children’s social networking site called  BZRT built this website as a safe and fun social networking site like a Facebook for Pre-Teens.  Back in January, BZRT shareholders were hit with a 1:80 reverse split.  What’s more, as of March 31st of this year, the company posted a loss of $38,816 on $0 revenue.

We exposed a pump and dump scheme being run on shares of BZRT way back in July of last year.  At the time, shares of this stock were trading at a massive $6.40.

This penny stock is being touted yet again.  Currently shares are trading now near just $0.009.

StockChat LLC was compensated with 727,449 shares to pump BZRT.

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.