GROV, WBSI – Pump And Dump Alerts – August 13, 2012

| August 13, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies:  GroveWare Technologies (GROV) and WebSafety (WBSI).

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”:

GroveWare Technologies (GROV)

GroveWare Technology is a company involved in the development and sales of enterprise level software for wireless devices and computer systems.  For the first quarter of 2012, GROV lost $97,001 and has just $95 in cash.  In addition, the company just released notice to the SEC that they will be late in filing their most recent quarterly report.

Currently shares of this penny stock trade near $0.50.

Penny Stock Explosion was paid $4,985 to pump shares of GROV.

WebSafety (WBSI)

WebSafety markets and distributes internet software applications and services for computers and cell phones.  WBSI distributes its software applications through the Internet, which allow parents or other caregivers to monitor and be notified of occurrences of predator advances, cyber bullying, and pornography received on children’s computers.

We’ve exposed the pump and dump scheme being run on shares of WBSI in April, June, and July.  This penny stock is being touted again.

In July, WBSI traded at $0.02.   Right now, this penny stock is trading near $0.009.

Darth Trader was paid $100,000 to hype shares of WBSI.

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.