KDNG, MYRY – Pump And Dump Alerts – August 30, 2012

| August 30, 2012 | 0 Comments

Pump and DumpWelcome to today’s Pump and Dump Alerts, where we will be exposing these two companies:  Kading Companies (KDNG) and Myriad Interactive Media (MYRY).

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”:

Kading Companies (KDNG)

Kading operates as a holding company and seeks to acquire technologies it can build other companies around.  KDNG is also open to acquiring companies to operate that already are developing technologies.  The company does not register its stock with the SEC.  In addition, their latest financial statement was released back in July which covers the 2010 operating year.

This penny stock is currently trading at $0.02.

Penny Stock Spy, an affiliate of Stockchat LLC, was paid $25,000 to pump shares of KDNG.  In addition, the company may issue common stock for continued monthly services amounting to $25,000 per month. 

Myriad Interactive Media (MYRY)

Myriad Interactive Media focuses on the design and development of interactive media websites, social media marketing, and web services.  MYRY owns 100% of the CuponZilla brand of daily deal aggregator websites in Latin America.  For the nine months ending March 2012, the company lost $300,312.

Shares of this sub-penny stock are currently trading near $0.0083.

Penny Stock Spy, an affiliate of Stockchat LLC, was paid $185,000 to pump shares of MYRY. 

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.